Good results for the January-March quarter (Q4) of FY24 and strong seasonal demand have led to strong investor interest in Crompton Greaves (CG) Consumer Electricals which is hitting new highs. While there’s bullish consensus on the company’s future performance, the stock has gained over 40 per cent in the last six months and valuations may become stretched. The Q4FY24 revenue rose 9.5 per cent YoY to Rs 1,960 crore.
Posts tagged Rediff
100-day plan: Platform for exporters to boost trade (21-06-2024)
The commerce department has reaffirmed its plans to launch the ‘Trade Connect’ e-platform to help exporters connect with stakeholders of international trade, as a part of the new government’s 100-day action plan, a senior government official said.
June 22 GST meet may give relief to foreign airlines (21-06-2024)
The Goods and Services Tax (GST) Council, scheduled to meet on June 22, could take a call on ending uncertainty on taxing foreign airlines and shippers as regards certain services, a senior official in the know told Business Standard. He said the Council was expected to decide on exempting the services in question from GST – aircraft lease rentals, maintenance, crew salaries, etc. These services are provided by foreign airlines to their Indian operations.
Markets end in red; Sensex falls 269 points (21-06-2024)
Among the 30 Sensex companies, UltraTech Cement, Larsen and Toubro, Tata Motors, Nestle, Tata Steel, Hindustan Unilever, Bajaj Finance, Reliance Industries, Mahindra and Mahindra and State Bank of India were the biggest laggards. In contrast, Bharti Airtel, Infosys, JSW Steel, Tata Consultancy Services, Wipro and NTPC were among the biggest gainers.
‘I Hope We Don’t Get A Bubble Too Soon’ (21-06-2024)
‘China is struggling to get out of its property bubble.’ ‘Japan took 35 years to walk out of its equity bubble.’ ‘Bubbles can be difficult to forecast.’
‘I Hope We Don’t Get A Bubble Too Soon’ (21-06-2024)
‘China is struggling to get out of its property bubble.’ ‘Japan took 35 years to walk out of its equity bubble.’ ‘Bubbles can be difficult to forecast.’
Time To Make Budget More Transparent (21-06-2024)
The Budget should use the extra RBI surplus to better effect, suggests A K Bhattacharya.
Companies Plan Yoga Day Celebration (21-06-2024)
‘An in-house contest encourages employees to share yoga and well-being practices with their families.’
Budget 2024: What India Inc wants from Nirmalaji (20-06-2024)
India Inc on Thursday pitched for lowering income tax burden on common man, increase in capital expenditure, and firm steps to contain food inflation in their nearly two-hour long interaction with finance minister Nirmala Shitharaman ahead of the Union Budget. During pre-Budget consultation with Sitharaman, the industry leaders and associations also urged the government to focus more on infrastructure development with a view to maintaining the economic growth momentum. The industry leaders also laid stress on boosting the MSME (micro, small, and medium enterprises) sector, considered a backbone of the Indian economy and main employment generator.
India now 3rd-largest domestic airline market (20-06-2024)
India is the third-largest domestic airline market in the world, up from number five position a decade ago, according to analysis based on OAG data. The data shows India’s domestic airline capacity doubling in a decade from 7.9 million in April 2014 to 15.5 million in April 2024. In reaching the third slot, India has replaced Brazil (pushed to fourth place with 9.7 million) and Indonesia (relegated to fifth in the rankings with 9.2 million).