‘Those satisfied with returns and not expecting further rally could be booking profits and also stopping SIPs.’
Posts tagged Rediff
Improving outlook may drive Godrej Consumer Products (17-08-2024)
Godrej Consumer Products (GCPL) reported a three per cent year-on-year (Y-o-Y) decline in consolidated net revenue to Rs 3,330 crore, lower than consensus. In constant currency terms (cc), revenue grew 11 per cent Y-o-Y. The India business clocked nine per cent Y-o-Y revenue growth with volume growth of 8 per cent Y-o-Y.
Forex reserves drop $4.8 bn to $670.11 bn (16-08-2024)
India’s forex reserves dropped by $4.8 billion to $670.12 billion for the week ended August 9, the Reserve Bank of India said on Friday. In the previous reporting week, the kitty jumped by $7.53 billion to an all-time high of $674.92 billion.
Bulls prowl D-Street; Sensex jumps 1,331 points (16-08-2024)
From Sensex firms, Tech Mahindra, Mahindra and Mahindra, Tata Motors, UltraTech Cement, Tata Consultancy Services, HCL Technologies, ICICI Bank and Tata Steel were the biggest gainers. Sun Pharma emerged as the only laggard.
Rs 1.82 trn GST from cell phones 5x what PLI allocated (16-08-2024)
Goods and services tax (GST) collections from mobile device companies, amounting to Rs 1.82 trillion between 2020-21 (FY21) and 2023-24 (FY24), have already generated more than five times the revenue for the government compared to the Rs 34,149 crore allocated under the production-linked incentive (PLI) scheme for mobile devices over six years ending 2025-26 (FY26). Currently, the GST on mobile devices stands at 18 per cent.
‘SC ruling cause of concern for mining industry’ (16-08-2024)
‘The biggest impact will be on coal and hence on power cost. Then comes iron ore, coking coal, bauxite.’
I-Day sales: Retailers see light at the end of tunnel (16-08-2024)
Retailers are set to end a prolonged period of sluggish sales as the end-of-season sales (EOSS) coincide with the upcoming long weekend. Apparel and lifestyle retailers have faced challenges since the festival season last year. However, with EOSS, which began in June, sales have started to recover, showing noticeable improvement in July and August.
I-T Sleuths Chasing Rs 16.69 Tn Arrears (16-08-2024)
As on April 1, income tax arrears have increased to Rs 43 trillion from Rs 24 trillion on April 1, 2023.
Revealed! Govt’s Rs 600 Bn Skills Plan (16-08-2024)
‘There will be 200 ITIs developed as hubs, while 800 will be developed as spoke, connected with five National Skill Training Institutes.’
Focused Funds Pull Out Rs 27 Bn! (16-08-2024)
The outflows could be a result of a mix of factors led by the underperformance of some of the larger funds amid elevated return expectations.