Deepak Korgaonkar &Amp; Sachin P Mampatta

Stories by Deepak Korgaonkar &Amp; Sachin P Mampatta

Electoral Bonds Saw Landscape Shift

Electoral Bonds Saw Landscape Shift

Rediff.com   8 Apr 2024

Key individual parties have cornered a larger share, with some favouring regional and others national players.

Rekha Jhunjhunwala's Wealth Grew By...

Rekha Jhunjhunwala's Wealth Grew By...

Rediff.com   3 Apr 2024

Rekha Jhunjhunwala's net worth has increased by more than 7 per cent, or Rs 2,865 crore, compared to less than 1 per cent rise in the BSE Sensex.

How Do Turncoats Fare In Elections?

How Do Turncoats Fare In Elections?

Rediff.com   28 Mar 2024

The share of candidates who were successful among the BJP was 56.5% in 2019. It was 5% for the Congress.

OMC shares sink up to 6% on fuel price cut

OMC shares sink up to 6% on fuel price cut

Rediff.com   23 Mar 2024

Investors shunned shares of oil marketing companies (OMCs) on Friday as they feared that the government's decision to cut retail prices of petrol and diesel could hurt the companies' profit margins in the near term. On Thursday, the government announced that OMCs will reduce pump prices of petrol and diesel after a record 22 months, making them cheaper by Rs 2 per litre in the national capital. The changes were effective from Friday.

Paints shares lose sheen post Birla Opus launch; Asian Paints at 10-mth low

Paints shares lose sheen post Birla Opus launch; Asian Paints at 10-mth low

Rediff.com   5 Mar 2024

Shares of paint companies faced pressure, falling up to 5 per cent on the BSE in Monday's (February 26) intraday trade amid concerns that Grasim Industries' entry into the paint sector will intensify the competition. Asian Paints reached a 10-month low of Rs 2,850, slipping nearly 5 per cent after brokerage firm CLSA downgraded the stock following the Birla Opus launch. The paint maker's stock traded at its lowest level since April 28, 2023.

Why foreign brokerages remain bullish on Paytm stock

Why foreign brokerages remain bullish on Paytm stock

Rediff.com   5 Mar 2024

Shares of One97 Communications (OCL), which provides financial services under the brand 'Paytm', and has a banking arm Paytm Payments Bank (PPBL), hit the 5 per cent upper circuit at Rs 428.10 on the National Stock Exchange (NSE) in Monday's (February 26) intraday trade. The up move in the stock on Monday came after the Reserve Bank of India (RBI) asked the National Payments Corporation of India (NPCI), in post stock market hours, to look into the possibility of migrating PPBL customers, using the UPI handle '@paytm', to four-to-five other banks.

Which City Sold Maximum Value Of Electoral Bonds?

Which City Sold Maximum Value Of Electoral Bonds?

Rediff.com   27 Feb 2024

Mumbai accounts for the largest share of electoral bonds sold since inception.

LIC surges 10%; storms into top-5 most-valued club as m-cap tops Rs 7 trn

LIC surges 10%; storms into top-5 most-valued club as m-cap tops Rs 7 trn

Rediff.com   16 Feb 2024

Life Insurance Corporation of India (LIC) February 8 for the first time ever crossed the Rs 7 trillion market capitalisation, as the stock price of state-owned insurer hit a new high of Rs 1,144,45, on rallying 10 per cent on the BSE. The board of directors of the Corporation are scheduled to meet today i.e. February 8, 2024, to consider a proposal for declaration of interim dividend for the financial year 2023-24 (FY24). The board will also consider and approve the unaudited financial results for the quarter and nine-month period ended on December 31, 2023.

Rs 15 Trillion In Direct Taxes Comes Via Automatic Route

Rs 15 Trillion In Direct Taxes Comes Via Automatic Route

Rediff.com   14 Feb 2024

96 per cent is being collected through TDS, advance tax, self-assessment tax, and other receipts.

Brokerages divided on L&T's new order prospects, exposure to West Asia

Brokerages divided on L&T's new order prospects, exposure to West Asia

Rediff.com   8 Feb 2024

Brokerage firms on Wednesday appeared divided in their calls on Larsen & Toubro (L&T) after the company's 2023-24 (FY24) October-December quarter (third quarter, or Q3) performance and guidance for the quarters ahead. While few stayed optimistic about the stock over future order inflow prospects, others saw increasing exposure to West Asia and fixed price contracts as a concern. In Wednesday's trade, L&T's share price closed at Rs 3,480 per piece, 4.22 per cent down from its previous day's close.

Tata Motors drives past Maruti as most-valued auto firm

Tata Motors drives past Maruti as most-valued auto firm

Rediff.com   7 Feb 2024

Tata Motors surpassed Maruti Suzuki (India) (MSIL) to become the most-valuable automobile company, in terms of market capitalisation (mcap), after a gap of seven years. With this, the company's stock hit a new high on the BSE on Tuesday (January 30). The combined mcap of Tata Motors (Rs 285.51 crore) and Tata Motors DVR (Rs 29,119 crore) stood at Rs 3.146 trillion.

How Sensex Has Changed Over Years

How Sensex Has Changed Over Years

Rediff.com   2 Feb 2024

A quarter of the stocks have been replaced since 2019, marking the evolution of India's economy.

Margin woes to haunt HDFC Bank

Margin woes to haunt HDFC Bank

Rediff.com   25 Jan 2024

Growing concerns over slower-than-expected margin recovery, amid weak deposit growth have caught HDFC Bank's investors off guard. HDFC Bank's stock on Wednesday plunged nearly 9 per cent to hit an intraday low of Rs 1,527 on the BSE after reporting weaker-than-expected earnings in the third quarter (October - December) of the current financial year (Q3FY24). The shares of India's biggest private lender closed at Rs 1,536.9, down 8.46 per cent.

Bajaj Auto's m-cap surpasses Rs 2 trillion-mark on Rs 4,000-crore buyback

Bajaj Auto's m-cap surpasses Rs 2 trillion-mark on Rs 4,000-crore buyback

Rediff.com   17 Jan 2024

Bajaj Auto's market capitalisation (market cap) hit Rs 2 trillion mark for the first time. The stock of the two and three-wheeler major rallied 6 per cent to hit a new high of Rs 7,420 on the BSE in Tuesday's (January 9) intraday trade after its board approved Rs 4,000 crore share buyback at Rs 10,000 per share. The stock ended the day at Rs 7,093.75, up 1.55 per cent and its market cap a shade above Rs 2 trillion.

Have You Heard Of Zombie Companies?

Have You Heard Of Zombie Companies?

Rediff.com   17 Jan 2024

If Indian companies were people, around 20 per cent of the listed space would be individuals whose salaries don't cover their loan instalments.

Guess How Many Indians Filed Tax Returns? A Record 81.8 Million!

Guess How Many Indians Filed Tax Returns? A Record 81.8 Million!

Rediff.com   16 Jan 2024

Many individuals filing tax returns declare zero tax liability. They accounted for two-thirds of the total individual returns filed.

Govt Project Launches Hit All-Time Low

Govt Project Launches Hit All-Time Low

Rediff.com   10 Jan 2024

Government announcements for the building of new roads, railways, and other capital expenditure (capex) projects may have hit an all-time low, according to numbers for the December quarter.

HDFC Bank market cap hits Rs 13 trn mark

HDFC Bank market cap hits Rs 13 trn mark

Rediff.com   5 Jan 2024

HDFC Bank's market capitalisation (market cap) touched Rs 13 trillion in Thursday's (December 28, 2023) intra-day trades as the largest private sector lender is set to report its sharpest monthly rally in the past two years. At 10:33 AM; HDFC Bank's market cap stood at Rs 13.03 trillion, the BSE data shows. The stock was up 1 per cent at Rs 1,717.90 in intra-day trades on December 29, inching towards its record high of Rs 1,757.80 touched on July 3, 2023.

40,175 Manufacturers Vanish From Tax Data

40,175 Manufacturers Vanish From Tax Data

Rediff.com   23 Dec 2023

Manufacturing's share in the profit pool of companies had declined before the pandemic.

Titan hits new all-time high; enters Rs 3 trillion market-cap club

Titan hits new all-time high; enters Rs 3 trillion market-cap club

Rediff.com   29 Nov 2023

Titan Company on November 21, became the second Tata group firm to join Rs 3 trillion market capitalisation (market cap) club after its shares hit a new high of Rs 3,400, up nearly 2 per cent on the BSE in Tuesday's intra-day trade. At 12:28 PM; with a market cap of Rs 301,847 crore (Rs 3.02 trillion) Titan stood at number 16th position in overall market cap ranking on the BSE listed companies, the exchange data shows. Titan overtook paint company Asian Paints, which has a market cap of Rs 300,579 crore, data shows.