Bombay Chamber’s recipe for ease of doing business
A survey conducted by the Bombay Chamber of Commerce and Industry, along with EY, has come up with suggestions to improve the ease of doing business based on feedback from MSMEs and other sectors.
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June 2021
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M&M’s PAT falls 26% in June quarter
The company’s PAT fell to ₹918 crore from ₹1,238 crore a year ago due to falling sales and low margins, but including exceptional gains, the figure stands at ₹2,260 crore.
Market watch: Look beyond Sensex, Nifty swings
In 44 trading days, benchmark indices Sensex and Nifty fell 7.82% and 9.03%, respectively, while the midcap and smallcap indices hit 52-week lows on August 2.
Budget fine print drags markets down
Indices see biggest single-day fall in four years in first full trading day after the Union Budget was unveiled. The BSE Sensex closed 907 points lower, while NSE’s Nifty50 slipped 207 points.
Maruti Suzuki’s Q4 profit falls 4.6%
The country’s largest carmaker announces a dividend of ₹80 per share and says it will phase out diesel cars from April next year.
D-Street calls it an accountable Budget
With a fair balance of populism and prudence, the interim budget for FY2019-20 ensures that sanity prevails in an election year.
‘Rupee could go down to 80-81 against dollar’
With crores of rupees in investor wealth wiped out in the past few weeks, global brokerage firm’s CEO Steven Birch says relief could still be some distance away.
Macro pains hit auto stocks
Auto sector stocks fell sharply on Thursday amid rising fuel prices and depreciating rupee.
The better bet: Bajaj Finance or HDFC Bank
There was mayhem in the market as NBFC stocks crashed. But as more Indians move from unorganised moneylenders to organised ones, there is opportunity for these firms.
Hindalco’s Novelis to acquire Aleris
An Aditya Birla Group company, Hindalco, expects to diversify its products and customer mix with the acquisition that will make it the second largest aluminum producer in the world by capacity.
