In a post-COVID-19 world, "digital first" would be crucial, said Kishore Biyani, founder and CEO of Future Group. He said, "The post-COVID world will be different from the pre-COVID world. 'Digital first' will be critical, impacting shopping habits. A heightened sense of hygiene and comfort will drive consumers, forcing marketers to design products keeping these attributes in mind."
Open FlipNTPC recorded its highest ever group generation of 314 BU in FY21, a growth of 8.2% compared to the previous year, as per the Ministry of Power data. NTPC on a standalone basis, generated 270.9 BU in FY21, an increase of 4.3% over the previous year. Meanwhile, the NTPC group recorded the highest-ever single day generation of 1192.42 MU (Group) & 990.65 MU (NTPC).
Open FlipThe CBDT disbursed refunds of more than Rs2.62 lakh cr to more than 2.38cr taxpayers for the full fiscal year FY21 compared to refunds of Rs1.83 lakh cr during the previous fiscal. With that, income tax refunds have increased by almost 43.2% YoY in FY21. As per the Finance Ministry data, personal income tax refunds of approximately Rs87,749cr was issued in 2,34,27,418 cases in FY21.
Open FlipICICI Direct worked out its fourth-quarter (January-March’ 21) earnings estimates. The brokerage house expects United Spirits to report a net profit of Rs. 176.6 crore up 638.9% year-on-year (down 23.2% quarter-on-quarter). Net Sales are expected to decrease by 0.1% Y-o-Y (down 20% Q-o-Q) to Rs. 1,991.2 crore, according to ICICI Direct.
Open FlipICICI Direct has come out with its fourth-quarter (January-March’ 21) earnings estimates. The brokerage house expects United Breweries to report net profit at Rs. 100.1 crore up 143% year-on-year (up 40.2% quarter-on-quarter). Net Sales are expected to decrease by 3.1% Y-o-Y (up 7% Q-o-Q) to Rs. 1,380 crore, according to ICICI Direct.
Open FlipICICI Direct has come out with its Q4'FY21 (January-March’ 21) earnings estimates for the Logistics sector. The brokerage house expects Mahindra Logistics to report a net profit of Rs. 14.4 crore up 40.3% year-on-year (down 21.8% quarter-on-quarter). Net Sales are expected to increase by 22.9% Y-o-Y (down 4.4% Q-o-Q) to Rs. 1000.3 crore, according to ICICI Direct.
Open FlipICICI Direct has come out with its Q4'FY21 (January-March’ 21) earnings estimates for the Logistics sector. The brokerage house expects TCI Express to report a net profit at Rs. 32.5 crore up 71.1% year-on-year (down 3.2% quarter-on-quarter). Net Sales are expected to increase by 15% Y-o-Y (up 4.2% Q-o-Q) to Rs. 273.6 crore, according to ICICI Direct.
Open FlipMeesho confirmed the raising of $300 million in a new round of funding led by SoftBank Vision Fund 2. The round values the social commerce startup at $2.1 Billion, making it the latest entrant to India's unicorn club. Existing investors Prosus Ventures, Facebook, Shunwei Capital, Venture Highway and Knollwood Investment also participated in the round.
Open FlipAdani Enterprises share touched a 52-week high of Rs 1,150.20 on April 5 after Adani Road Transport (ARTL), a wholly-owned subsidiary of Adani Enterprises, bagged an LoA for the six-laning of Badakumari - Karki Section of NH-130-CD road under Raipur-Visakhapatnam Economic Corridor in Odisha. It also won another LoA for six laning of national corridor NH-19 from Panagarh to Palsit in WB.
Open FlipICICI Direct has come out with its Q4'FY21 earnings estimates for the Logistics sector. The brokerage house expects Container Corp to report a net profit at Rs. 277.6 crore down 5.7% year-on-year (up 16.7% quarter-on-quarter). Net Sales are expected to increase by 22.1 percent Y-o-Y (up 9.2% Q-o-Q) to Rs. 9.2 crore, according to ICICI Direct.
Open FlipNMDC Limited hiked its lump ores prices by 9% to Rs5,850 per tonne from Rs5,350 per tonne with effect from April 3, 2021. The price of fines has been increased by 6% to Rs4,560 per tonne from Rs4,310 per tonne. “The above FOR prices are excluding Royalty, DMF, NMET, Cess, Forest Permit Fee and other taxes,” the company said in a regulatory filing on Saturday.
Open FlipBritannia Industries, on April 5, declared an interim dividend at 6,200% per equity share at Rs 62 per equity share for the financial year 2020-21. The record date for determining the eligibility of shareholders for payment of the interim dividend has been fixed as April 10. The interim dividend is subject to deduction/withholding of applicable taxes and will be paid on or before April 30, 2021.
Open FlipInfosys Ltd on Monday became the fourth Indian firm to hit a Rs 6 trillion market capitalisation after its shares surged over 150% in the last one year. The stock touched an all-time high of Rs 1,420 on BSE with a market cap of Rs 6.05 trillion. Earlier, Reliance Industries Ltd, Tata Consultancy Services Ltd and HDFC Bank Ltd have achieved this milestone.
Open FlipHDFC Bank, during a Q4 update, announced that the bank's advances aggregated to approximately Rs 11,320 billion as of March 31, 2021, a growth of around 13.9% over Rs 9,937 billion as of Mar 31, 2020, and a growth of around 4.6% over Rs 10,823 billion as of December 31, 2020. The domestic retail loans as of March 31, 2021, grew by around 7.5% over Mar 31, 2020, and around 5.0% over Dec 31, 2020.
Open FlipAdani Ports and Special Economic Zone signed an agreement with Vishwa Samudra Holdings, to acquire the remaining 25% stake in Adani Krishnapatnam Port. The company currently holds a 75% stake in Krishnapatnam Port. Post-acquisition of 25% stake, Krishnapatnam Port will become a wholly-owned subsidiary of the Company.
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