The stock of ONGC tanked by 11% on Thursday on the back of the proposed windfall tax proposed by the government of India. With the sharply higher price of crude oil in international markets, the domestic price of petrol and diesel has also gone up Read more [...]

Tata Motors reported a 50% fall in net profits for the fourth quarter ending March 2018 to Rs.2175 crore. This was largely led down by a provision of Rs.1641 crore that Tata Motors had to make for impairments of certain products. Consolidated revenues Read more [...]

The stock of SBI surged on Tuesday despite reporting a quarterly loss of Rs.7718 crore for the March quarter. The net loss is the second highest for a PSU bank after PNB. It may be recollected that SBI had also reported a loss of Rs.2416 crore in the Read more [...]

DLF reported a sharp 66% growth in net profits to Rs.247 crore for the fourth quarter ending March 2018. Total income was sharply lower at just around Rs.1850 crore for the fourth quarter, largely due to the hiving off some of its key businesses. For Read more [...]

The outcome in the state elections in Karnataka could spook the markets on Monday as markets are likely to react negatively. Oil prices and a weak rupee will continue to be an overhang on the markets. It will be interesting to see how the bank Read more [...]

The ruling NDA suffered a minor setback in Karnataka as it failed to muster the numbers and the prospective CM of Karnataka had to make way for a coalition government at the centre. The markets could react negatively to the outcome over the weekend, although Read more [...]

RBI could interject with a 25 basis points rate hike… Most reports coming out ahead of the June credit policy appear to be hinting at a status quo on rates. The RBI has been expressing concerns over prices but the Monetary Policy Committee (MPC) has Read more [...]

There is likely to be greater clarity on the Karnataka issue after the Supreme Court Judgement on Friday but the real worry may be on the Brent Crude front which has crossed the $80/bbl mark after almost 3½ years. Steel stocks could be back in Read more [...]