Including exports, tractor sales zipped past the one million mark in the year ended March 31, buoyed by an increase in the minimum support prices (MSP) that boosted farm income, coupled with another year of above-normal monsoon, said Hemant Sikka, president - farm equipment sector, at Mahindra & Mahindra.

India's IT service industry is expected to witness a plunge in revenue growth by up to 9 percentage points in FY24 due to prevailing global economic conditions, according to Crisil Ratings. The report forecasts that growth for the Rs 10 lakh crore sector will fall to between 10-12% compared to almost 20% estimated in FY23. The decline is set to arise particularly from headwinds within key markets, particularly the BFSI segment in the US and Europe, which will impact revenue growth for domestic IT services companies. However, the impact may be marginally offset by growth in other sectors.

The interim dividend outgo will be Rs 37.66 crore, the company said in its filing to the exchanges. "The record date for reckoning the shareholders who shall be entitled to receive the said dividend shall be Friday, March 31, 2023," the release said.

The demand will be driven by increasing adoption of stainless steel in railways which is a focus area for government infrastructure spending, and rising application in the automobile and construction sectors. The demand growth, in turn, will spur capacity additions.

Vedanta on Tuesday announced an interim dividend of ₹20.50 per share - its fifth for the year. With this, the company's total outflow on account of dividends this year will be ₹37,733 crore. Including dividends from subsidiary Hindustan Zinc, Vedanta's dividend payout for the year will be more than ₹40,000 crore.

Adding to the concerns was CRISIL Ratings, who joined the club of global rating agencies by downgrading the outlook on Vedantas non-convertible debentures and long-term bank facilities to “negative” from “stable”.

According to the amendment to the Finance Bill, income from investments in debt mutual funds where not more than 35% is invested in equity will attract short-term capital gains, while no benefit of indexation for the calculation of long-term capital gains will be available

Brand Concepts declared an interim dividend of Rs 0.50 per equity share of the face value of Rs 10. Shares of Brand Concepts declined 2.5% to Rs 213.3 apiece in Friday's trade on BSE. The firm has a market capitalization of Rs 226 crore

The market is likely to see volatile and rangebound trades in the coming holiday-shortened week with focus remaining on global banking system updates as we have lack of key driving factors on the domestic front, experts said.

"The company is looking to pay a coupon in the range of 7.70%-7.75% but it will be finalised as they move closer to the bidding date," one of the bankers said.

We treat FDs or real estate — which are neither liquid, transparent or relatively tax efficient — as our youngest child and hence with high leniency

Yes, we may see inflows improving in debt mutual funds as we expect yields to stabilise after the sharp up move last year. The returns may also improve with yields stabilising, offering a higher accrual to investors as we approach the last phase of the rate hiking cycle in India and globally.

It has accepted bids worth 1.85 billion rupees for five-year bonds at an annual coupon of 8.05%, and the issues will close for subscription on Tuesday, they said

"The only one point which needs to be considered is largely making it simple. If you are getting say Rs 5 lakh deductions under the 80D, 80C, home loan, HRA, then you are better off in the old regime. This is the only decision point which is simple enough for a lay person to comprehend. The sum total of all exemptions should exceed Rs 3.77 lakh for him to write to his employer and say keep me in the old one, otherwise the default is okay."

To safeguard investors from the sharp volatility in stocks of Adani Group companies, NSE has moved Adani Enterprises, Adani Ports and Special Economic Zone, and Ambuja Cements under the short-term additional surveillance measure (ASM) framework. Traders are now required to pay 100% upfront margin even for intraday trades

By targeting a fiscal deficit of 5.9% of GDP for FY24 (vs 6.4% for FY23RE), budget has stayed on the committed glide path to below 4.5% by FY26. A lower deficit will also have a salutary effect on government's borrowing costs and is in sync with the RBI's actions to tame inflation.

By targeting a fiscal deficit of 5.9% of GDP for FY24 (vs 6.4% for FY23RE), budget has stayed on the committed glide path to below 4.5% by FY26. A lower deficit will also have a salutary effect on government's borrowing costs and is in sync with the RBI's actions to tame inflation.

Last week, Hindenburg Research had accused the Adani Group of pulling off what it headlined as the "largest con in corporate history," alleging 'stock manipulation, accounting fraud, and substantial leverage.'

While India is doing markedly better on inflation, the global factors will have a significant impact on the RBIs policy stance as it will need to balance interest rates and currency to protect the flight of capital from the country.

"Global news flows would continue to dominate the outlook for the Indian metals sector. A faster reopening in China and stimulus has provided a new lease of life for the sector, although on ground demand improvement is still elusive. Post CNY demand would be key for further rerating," said brokerage firm CLSA.

According to Sehul Bhatt, an associate director at the agency, operating margins in the automobile, metals and construction sub-sectors, which had contracted in the second quarter, reversed trend sequentially in the third quarter. Of the 20 sectors expected to outpace driven by the growth in revenues, 10 should see a margin contraction and five marginal improvement

Sun Pharma Advanced Research Company (SPARC) is a clinical-stage bio-pharmaceutical company focused on continuously improving standards of care for patients globally, through innovation in therapeutics and delivery. SPARC was formed in 2007 following its demerger from Sun Pharma, a global leader in speciality generics.

While the recent price hikes in the regional market and expectations of better demand in Europe appear encouraging, we would wait for more clarity on stimulus measures in China and their impact on the overall steel demand, it said.

This amounts to a 0.18% increase in holding by the investor as in the previous quarter, she held a 1.61% stake or 45,75,687 equity shares in the cellular and fixed-line services provider.The latest corporate shareholdings filed suggest that Rekha Jhunjhunwala publicly holds 20 stocks with an estimated net worth of over Rs 12,171.6 crore.

Rekha Jhunjhunwala, as per the latest corporate shareholdings filed, publicly holds 19 stocks with an estimated net worth of over Rs. 11,866.8 crore. Some of the top holdings of the investor include Aptech, Crisil, Indian Hotels and Jubilant Pharmova and Fortis.

We have witnessed a commendable bull run in the Equity Market from March 2020 to October 2022, during which we have seen a rally across the market caps and sectors.

The issue also has a greenshoe option to retain an oversubscription of up to Rs 175 crore

He is survived by his wife, Rekha Jhunjhunwala, and three children. Rekha has been an investor in several RJ companies, and the Jhunjhunwala portfolio value includes the value of Rekhas holdings as well.

The worlds second-largest economy has seen equities slump by two-fifths since June 2021, thanks to Beijings isolationist Covid-19 policies, turmoil in the real-estate industry and a punishing antitrust campaign against the countrys valuable tech firms. If China has been mired in a surfeit of pessimism, the opposite is true of India. Thanks to pent-up urban demand after the pandemic, stocks have held up reasonably well despite the US Federal Reserves aggressive monetary tightening.

The board of Ramco Systems met the previous day to consider raising of funds by way of issue of shares and/or warrants convertible into equity shares. The board decided on the issuance of warrants as well as equity shares.

The SCS is a Cat III AIF that is designed to generate an absolute return from a basket of stocks using equity derivatives. As the name suggests, the product is designed to invest in fixed income, which will convert to equity in case there is a fall in prices of shares.

Liquidity has generally been trending down with the central bank seeking to reduce excess liquidity from the system to manage inflation. The banking system liquidity surplus has narrowed to around ₹1.5 lakh crore from ₹6.3 lakh crore at the start of the fiscal year. Due to tightening liquidity conditions as banks are forced to hike deposit rates, they will pass on this hit through MCLR loans.

The above five-year paper has a greenshoe option to retain an additional 30 billion rupees, while the 15-year paper will have a greenshoe option to retain an additional 25 billion rupees, taking the total issuance size to 65 billion rupees.

“The universal bonds of target maturity funds today is either G-Sec which are lending to the government, state development loans and lending to states, which is also of sovereign equivalent because they are guaranteed by RBI or lending to AAA PSUs – the Navratnas, Maharatnas as in the case of Bharat bond. In doing this, the structure combines credit stability because of the kind of quality of borrowers and predictability of returns.”

The company has invited coupon and commitment bids from investors on Nov. 30 and the bidding will take place on the National Stock Exchange's electronic platform, the bankers said.

At the interbank foreign exchange, the domestic unit opened at 81.72 against the dollar, then gained further ground to touch 81.65, registering a rise of 14 paise over its previous close.

Jhunjhuwala added stakes in two new counters during the period while she likely exited three companies, suggests latest shareholding pattern. Further, Jhunjhunwala increased her stakes in as many as five existing holdings and cut stakes in three others. She kept her stake unchanged in seven counters.

The sequence of return in a market-linked product is not linear as compared to a traditional recurring deposit. If for example in the very 1st year the markets drop by -15%, then the required rate of return for the next 14 years goes up to 7.25% from 7.00%, keeping the installment amount constant.

"Further, we have received consent for operation for 645 KLPD distillery. We will update on the trial run of 645 KLPD Distillery in due course," the company told the bourses in the exchange further.

"Further, we have received consent for operation for 645 KLPD distillery. We will update on the trial run of 645 KLPD Distillery in due course," the company told the bourses in the exchange further.

"Net proceeds of the tranche III issue, after meeting the expenditures of and related to the tranche III Issue, at least 75 per cent shall be utilised for the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the company and up to 25 per cent for general corporate purposes," the company said.

Analysts believe with Brickwork Ratings out of the picture, other credit rating agencies stand to gain more business, albeit marginally