NEW DELHI: The government’s passing of Taxation Laws (Amendment) Bill, 2021 to nullify retrospective tax demands will give the divestment plans a major lift. While it may add nothing to the Nifty50 target in the near future, it will increase FDI flows in the medium term, analysts said. The development sent shares of Vodafone Idea … Read more
NEW DELHI: India Cements, where seasoned investor Radhakishan Damani and his brother Gopikishan held over 21 per cent stake as of last available shareholding data, is set to announce its March quarter results later on Monday. Analysts largely expect the N Srinivasan-led cement maker to report profit in the Rs 40-75 crore range on double-digit … Read more
MUMBAI: is expected to report a 26 per cent year-on-year rise in net profit at Rs 1,908 crore for the quarter ended March aided by a low base in the year-ago quarter, according to analysts polled by ETMarkets.com. The country’s largest fast-moving consumer goods company is also likely to report a 31 per cent on-year … Read more
MUMBAI: In a reflection of the uncertainty that surrounds policy making these days, economists now believe that the best course of action for the Reserve Bank of India’s rate-setting panel on Wednesday will be to reiterate its commitment to keeping monetary policy accommodative in the wake of a raging second wave of Covid-19 infections in … Read more
Shares of Hindustan Petroleum Corporation (HPCL) advanced over 2 per cent in Thursday’s morning trade ahead of the company’s financial results for the quarter ended June 30. The scrip traded 2.27 per cent up at Rs 217.90 at around 9.40 am (IST), while the benchmark BSE Sensex was up 0.63 per cent at around the … Read more