Expressing condolences on the demise of the doyen of Indian industry and Chairman Emeritus of Tata Group, Finance Minister Nirmala Sitharaman on Thursday said he has left an indelible mark on society. “Saddened by the passing away of Shri Ratan Tata, a leader par excellence, visionary industrialist, and philanthropist whose contributions have left an indelible mark on our society,” Sitharaman said in a post on X.
NSE chooses Nifty over Nifty Bank for weekly options contract. These 2 benchmarks to also go (10-10-2024)
National Stock Exchange (NSE) has retained Nifty weekly options contract while letting go Nifty Bank, Nifty Midcap Select and Nifty Financial Services, in line with the Sebi circular which mandates exchanges to provide derivatives contracts for only one of its benchmark index with weekly expiry, from November 20, 2024.
Tata elxsi (10-10-2024)
Hi,
Revenue growth +5.1% YoY in Constant currency, +0.2% QoQ in Constant currency terms. I wonder why these companies whose business models boast of new gen technologies and operate in high growth sectors like Automobiles are posting stagnant growth figures. The inflation growth figures are more than these companies revenue growth figures.
The saviors of IT companies are currency depreciation, better margins and cash flow positive business model which is negating these muted growth figures.
Here Company has also increased its margins which shows its pricing power and brand value.
Thanks,
Deb
BJP slams AAP over ‘revenue deficit’; Atishi claims none of states ruled by saffron party in profit (10-10-2024)
AAP and BJP are disputing over Delhi’s financial health. The first deficit budget in Delhi’s history is expected in 2024-25, with a revenue deficit of Rs 1,495 crore. BJP claims AAP’s financial mismanagement as the cause, while AAP argues that no BJP state is running in profit and accuses BJP of sabotaging its efforts.
Escorts Limited – Playing for Margin Expansion (10-10-2024)
EKL-Tractor-and-CE-Consolidated-Sales-volume-from-April-2023-to-August-2024.pdf (escortskubota.com)
For Post Amalgamation comparison, compnay has shared a statement showing consolidated monthly wholesales volume of Tractors and Construction Equipment from April 2023 till August 2024 including wholesales volume numbers of the amalgamating companies.
| Tractors | Construction Equipment | |||
|---|---|---|---|---|
| Month | Domestic | Export | Total | Total |
| April 2023 | 9,266 | 313 | 9,579 | 486 |
| May 2023 | 10,409 | 463 | 10,872 | 458 |
| June 2023 | 11,222 | 580 | 11,802 | 522 |
| July 2023 | 6,917 | 409 | 7,326 | 495 |
| August 2023 | 6,439 | 395 | 6,834 | 587 |
| September 2023 | 11,334 | 747 | 12,081 | 627 |
| October 2023 | 14,550 | 563 | 15,113 | 659 |
| November 2023 | 9,503 | 403 | 9,906 | 557 |
| December 2023 | 5,731 | 405 | 6,136 | 792 |
| January 2024 | 6,782 | 368 | 7,150 | 554 |
| February 2024 | 7,269 | 440 | 7,709 | 670 |
| March 2024 | 9,355 | 533 | 9,888 | 734 |
| April 2024 | 8,492 | 347 | 8,839 | 465 |
| May 2024 | 9,906 | 380 | 10,286 | 458 |
| June 2024 | 11,011 | 234 | 11,245 | 459 |
| July 2024 | 6,540 | 423 | 6,963 | 491 |
| August 2024 | 6,243 | 409 | 6,652 | 393 |
NSE to discontinue F&O weekly contracts on Bank Nifty, 2 others (10-10-2024)
SEBI directive leads NSE to discontinue weekly contracts on Bank Nifty, Nifty Midcap Select, and Nifty Financial Services