Kishore Biyani feels, 'Digital first' will be critical in post-COVID world
Mon, Apr 5, 2021 11:34 AM

Kishore Biyani feels, 'Digital first' will be critical in post-COVID world

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."

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Highest ever Group generation of 314 BU reported by NTPC in FY21
Mon, Apr 5, 2021 11:32 AM

Highest ever Group generation of 314 BU reported by NTPC in FY21

NTPC 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).

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Income tax refunds of over Rs2.62 lakh cr issued by CBDT in FY21
Mon, Apr 5, 2021 11:22 AM

Income tax refunds of over Rs2.62 lakh cr issued by CBDT in FY21

The 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.

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United Spirits Q4 PAT may zoom by 638.9% YoY to Rs. 176.6 cr: ICICI Direct
Mon, Apr 5, 2021 11:19 AM

United Spirits Q4 PAT may zoom by 638.9% YoY to Rs. 176.6 cr: ICICI Direct

ICICI 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.

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United Breweries Q4 PAT may increase 143% YoY to Rs. 100.1 cr: ICICI Direct
Mon, Apr 5, 2021 11:16 AM

United Breweries Q4 PAT may increase 143% YoY to Rs. 100.1 cr: ICICI Direct

ICICI 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.

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Mahindra Logistics Q4 PAT may rise 40.3% YoY to Rs. 14.4 cr: ICICI Direct
Mon, Apr 5, 2021 11:14 AM

Mahindra Logistics Q4 PAT may rise 40.3% YoY to Rs. 14.4 cr: ICICI Direct

ICICI 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.

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TCI Express Q4 PAT may increase by 71.1% YoY to Rs. 32.5 cr: ICICI Direct
Mon, Apr 5, 2021 11:10 AM

TCI Express Q4 PAT may increase by 71.1% YoY to Rs. 32.5 cr: ICICI Direct

ICICI 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.

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Meesho raises $300 million led by SoftBank
Mon, Apr 5, 2021 11:07 AM

Meesho raises $300 million led by SoftBank

Meesho 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.

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Adani Enterprises hit new 52-week high on LoA for highway construction
Mon, Apr 5, 2021 10:58 AM

Adani Enterprises hit new 52-week high on LoA for highway construction

Adani 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.

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Container Corp Q4 PAT may decline by 5.7% YoY to Rs. 277.6 cr: ICICI Direct
Mon, Apr 5, 2021 10:50 AM

Container Corp Q4 PAT may decline by 5.7% YoY to Rs. 277.6 cr: ICICI Direct

ICICI 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.

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NMDC increased lump ore prices by 9% to Rs 5,850 per ton
Mon, Apr 5, 2021 10:30 AM

NMDC increased lump ore prices by 9% to Rs 5,850 per ton

NMDC 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.

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Britannia Board declares  an interim dividend at 6,200% per equity share
Mon, Apr 5, 2021 10:23 AM

Britannia Board declares an interim dividend at 6,200% per equity share

Britannia 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.

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Infosys reaches Rs 6 trillion in market capitalisation
Mon, Apr 5, 2021 10:16 AM

Infosys reaches Rs 6 trillion in market capitalisation

Infosys 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.

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HDFC Bank Q4 advances increased by 13.9% to Rs 11,320 billion
Mon, Apr 5, 2021 10:11 AM

HDFC Bank Q4 advances increased by 13.9% to Rs 11,320 billion

HDFC 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.

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Adani Ports to raise stake in Adani Krishnapatnam port
Mon, Apr 5, 2021 10:09 AM

Adani Ports to raise stake in Adani Krishnapatnam port

Adani 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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