Global: FLAT to POSITIVE
NIFTY: FLAT to POSITIVE
BANKNIFTY: FLAT to POSITIVE
BULK Deals: Wanbury Limited etc...
Stocks In F&O Ban Period: Nil
Results Today: Larsen & Toubro, Dr Reddy's Labs, Kotak Mahindra Bank, Britannia Industries, Vedanta, 3i Infotech, Aptus Value Housing Finance, Arvind SmartSpaces, Asahi India Glass, Atul, AU Small Finance Bank, Bajaj Healthcare, Bharat Electronics, Blue Dart Express, CARE Ratings, Central Bank of India, Chambal Fertilisers, Chemplast Sanmar, Crompton Greaves Consumer Electricals, Deepak Fertilisers, Dixon Technologies, Equitas Small Finance Bank, Happiest Minds Technologies, Karnataka Bank, Marico, Max Financial Services, Info Edge, Oberoi Realty, Suzlon Energy, Tata Coffee, United Breweries, UTI Asset Management Company, and Zenotech Laboratories
SGX NIFTY: (Negative)
17153 -14.50 -0.08%
NIFTY: FLAT to POSITIVE
BANKNIFTY: FLAT to POSITIVE
BULK Deals: Wanbury Limited etc...
Stocks In F&O Ban Period: Nil
Results Today: Larsen & Toubro, Dr Reddy's Labs, Kotak Mahindra Bank, Britannia Industries, Vedanta, 3i Infotech, Aptus Value Housing Finance, Arvind SmartSpaces, Asahi India Glass, Atul, AU Small Finance Bank, Bajaj Healthcare, Bharat Electronics, Blue Dart Express, CARE Ratings, Central Bank of India, Chambal Fertilisers, Chemplast Sanmar, Crompton Greaves Consumer Electricals, Deepak Fertilisers, Dixon Technologies, Equitas Small Finance Bank, Happiest Minds Technologies, Karnataka Bank, Marico, Max Financial Services, Info Edge, Oberoi Realty, Suzlon Energy, Tata Coffee, United Breweries, UTI Asset Management Company, and Zenotech Laboratories
SGX NIFTY: (Negative)
17153 -14.50 -0.08%
Why Tesla not coming to India
1 - The growing Indian auto market for the last 3 years, US electric car maker Tesla's founder Elon Musk has still not been able to launch operations in the country
2 - Tesla has already registered a company in Bengaluru
The company has also begun recruiting for its
• sales,
• marketing
• HR departments
3 - Tesla cars haven't seen the light of day in India quite yet
4 - • India levies a 60% import tax on EVS priced $40,000 or
less, and 100% on those priced above $40,000. • In comparison, the US and Canada apply single-digit rates, while China and Brazil levy rates of 22% and 25% respectively.
5 - With the import duties as is, even the most Basic Tesla model would cost more than Rs 60 lakhs, making it unaffordable for most Indians.
6 - EV sales account for just 1% of all vehicle sales right now and there is no indication that Tesla cars will fly off showrooms once they arrive here.
7 - India has proved to be a graveyard for US car manufacturers. Ford and General Motors have already exited India after heavily investing over the last 2 decades.
8 - India has high import duties to boost local manufacturing and any attempts to lower duties would not sit well with local manufacturers
1 - The growing Indian auto market for the last 3 years, US electric car maker Tesla's founder Elon Musk has still not been able to launch operations in the country
2 - Tesla has already registered a company in Bengaluru
The company has also begun recruiting for its
• sales,
• marketing
• HR departments
3 - Tesla cars haven't seen the light of day in India quite yet
4 - • India levies a 60% import tax on EVS priced $40,000 or
less, and 100% on those priced above $40,000. • In comparison, the US and Canada apply single-digit rates, while China and Brazil levy rates of 22% and 25% respectively.
5 - With the import duties as is, even the most Basic Tesla model would cost more than Rs 60 lakhs, making it unaffordable for most Indians.
6 - EV sales account for just 1% of all vehicle sales right now and there is no indication that Tesla cars will fly off showrooms once they arrive here.
7 - India has proved to be a graveyard for US car manufacturers. Ford and General Motors have already exited India after heavily investing over the last 2 decades.
8 - India has high import duties to boost local manufacturing and any attempts to lower duties would not sit well with local manufacturers
birlasoft management says the midcap IT company is looking to close an acquisition this year, adding that the co has Rs 1,100 cr cash on the books right now
#3QWithCNBCTV18 | Central Bank reports Q3
▶️Net profit up 68.6% at ₹278.9 cr vs ₹165.4 cr (YoY)
▶️NII up 23.2% at ₹2,746 cr vs ₹2,228 cr (YoY)
▶️Gross NPA at 15.16% vs 15.52% (QoQ)
▶️Net NPA at 4.39% vs 4.51% (QoQ)
▶️Provisions at ₹879 cr vs ₹1072.4 cr (QoQ)
▶️Net profit up 68.6% at ₹278.9 cr vs ₹165.4 cr (YoY)
▶️NII up 23.2% at ₹2,746 cr vs ₹2,228 cr (YoY)
▶️Gross NPA at 15.16% vs 15.52% (QoQ)
▶️Net NPA at 4.39% vs 4.51% (QoQ)
▶️Provisions at ₹879 cr vs ₹1072.4 cr (QoQ)
ASAHI INDIA GLAS Q3 :CONS. NET PROFIT UP 35 % AT RS 100 CR (YOY) , UP 23 % (QOQ)
REVENUE UP 10 % AT 824 CR (YOY), UP 4 % (QOQ)
EBITDA UP 25 % AT 211 CR (YOY) , UP 14 % (QOQ)
MARGINS AT 25.5 % V 22.6 % (YOY), 22.3 % (QOQ)
REVENUE UP 10 % AT 824 CR (YOY), UP 4 % (QOQ)
EBITDA UP 25 % AT 211 CR (YOY) , UP 14 % (QOQ)
MARGINS AT 25.5 % V 22.6 % (YOY), 22.3 % (QOQ)
Daily Market Highlights | 28th January 2022 📊
NIFTY50: ₹17101.95 | -0.05%
Top Gainers 📈
NTPC: +3.89%
UPL: +2.48%
SUNPHARMA: +2.14%
TATACONSUM: +1.78%
INDUSINDBK: +1.76%
Top Losers 📉
MARUTI: -3.21%
TECHM: -2.53%
POWERGRID: -1.82%
ICICIBANK: -1.59%
HEROMOTOCO: -1.51%
NIFTY50: ₹17101.95 | -0.05%
Top Gainers 📈
NTPC: +3.89%
UPL: +2.48%
SUNPHARMA: +2.14%
TATACONSUM: +1.78%
INDUSINDBK: +1.76%
Top Losers 📉
MARUTI: -3.21%
TECHM: -2.53%
POWERGRID: -1.82%
ICICIBANK: -1.59%
HEROMOTOCO: -1.51%
Banking Sources: SBI, PNB, Union Bank of India, BoB, HDFC Bank among several lenders involved in financing for #AirIndia takeover.