News Overview

The PSU OMCs standalone net profit fell 19.47% to Rs 2,462.45 crore on 51.42% increase in net sales to Rs 101,045.25 crore in Q3 December 2021 over Q3 December 2020.

Tata Motors Ltd reported -4.53% yoy fall in total sales revenues for the Dec-21 quarter on consolidated basis at Rs72,229cr

Zomato has completed the acquisition of 11,214 compulsorily convertible preference shares and 10 equity shares of Adonmo; and 1,259 compulsorily convertible preference shares and 1 equity share of Urban Piper Technology (UrbanPiper) on 31 January 2022. Powered by Capital Market – Live News

JLR sales remain constrained by chip shortages with retail sales of 80,126 vehicles, down 37.6% over Q3FY21.

For the month of Jan-22, FPIs sold heavily to the tune of Rs33,304cr as the spectre of rising Fed rates spooked global investors. Apart from a rush to safety, most FPIs have been sceptical about Indian markets due to a combination of rich valuations and relatively cheaper Asian markets. High inflation has also been a headwind.

The Company has also acquired 100% stake in Bengaluru based 'Uvik Technologies Pvt Ltd.'

Core business contribution was 89% whereas Covid-19 business contributed 11% to the total revenues in 9M FY22.

India adds 1,67,059 new cases recorded in the last 24 hours. Daily positivity rate stands at 11.69% and weekly Positivity Rate stands at 15.25%. Indias Active caseload currently stands at 17,43,059. Active cases stand at 4.20%. Recovery Rate currently stands at 94.60% with 2,54,076 recoveries in the last 24 hours taking the total recoveries to 3,92,30,198. 73.06 crore tests were conducted so far; 14,28,672 tests […]

In MT Group

The new HaPpyShop stores have been opened at Company’s Auto Care Centre, Bandra West in Mumbai and Millennium Retail Outlet in Visakhapatnam.