Issue of 13th Jun-19th Jun 2022
LEAD ARTICLE
Online Moneylife Magazine
From Chanting Customer Is King at One Time, Companies Are Now Hitting Us with Unfair Costs and Charges
A few months ago, an 80-year-old diabetic person suffered the trauma of being inadvertently locked up in a bank when he had gone to access his locker. When the issue was escalated to the top brass at the Reserve Bank of India (RBI), it was felt that he ought to be given a token compensation. The family refused compensation and was happy and... Read More
STOCKS
V-Mart’s business is based on the primary concept of ‘value retailing’ and guided by principles like ‘sabse sasta sabse accha’ (lowest price, best product) and ‘price less fashion’. As a complete family departmental store, it offers a wide range of products at affordable prices through the...
Moneylife Digital Team
Deepak Fertilizers & Petrochemicals Corporation Ltd (DFPCL) reported a top-line of Rs2,012 crore in the March quarter, a growth of 28% y-o-y (year-on-year) and 3% q-o-q (quarter-on-quarter), driven by strong growth in the technical ammonium nitrate (TAN) and nitric acid businesses. Chemicals...
Moneylife Digital Team
Aditya Birla Fashion and Retail (ABFRL) is a part of Aditya Birla group, with retail space of 9.2mnsqft (million square feet) and a portfolio of aspirational fashion brands for sportswear, innerwear, business-wear, casual-wear and athleisure. Its leading brands include: Louis Philippe, Van...
Moneylife Digital Team
Radico Khaitan (Radico) reported gross quarterly revenue of Rs813 crore, up 7.39% quarter-on-quarter (q-o-q) and 18% year-on-year (y-o-y). Operating profit was Rs80 crore, down 32.77% q-o-q and 20.79% y-o-y and net profit was Rs46 crore, down 40.25% q-o-q and 37.83% y-o-y. Indian-made foreign...
Moneylife Digital Team
Healthcare Global Enterprises Limited (HCG) has come out with Q4FY21-22 results, reporting the fifth consecutive quarter of record revenues and operating profits. We analysed the company in detail here sometime back. HCG, headquartered in Bengaluru, is the largest provider of cancer-care in...
Moneylife Digital Team
The year FY21-22 may have marked the turning point in the financial performance of Indian banks. In the fiscal year, Indian banks collectively reported their highest-ever net profit of Rs1.57 trillion (tn). After the Reserve Bank of India (RBI) conducted its asset quality review (AQR)...
Moneylife Digital Team
Sales of RBA, earlier known as Burger King, jumped by 37.25% to Rs269 crore and operating profit went up by 25% y-o-y (year-on-year). On a sequential basis, sales declined by 3.9% and operating profit fell 9%. The company was again unable to declare net profit and reported a net loss of...
Moneylife Digital Team
Unprecedented hike in raw materials prices has been the theme across the specialty chemicals industry resulting in contraction of margins for most players in the industry. However, Fine Organics Industries (Fine Organics) has bucked the trend and has reported phenomenal results for the March...
Moneylife Digital Team
MUTUAL FUNDS
In May 2022, Infosys and HDFC Bank were the most preferred stocks of Indian mutual funds. The net purchases of Infosys were Rs2,532 crore.
Moneylife Digital Team
INSURANCE
Taking any type of loan involves a huge financial responsibility. This is especially true in case of home loans and loans for education abroad which involve taking on a huge debt. SBI Life - RiNn Raksha is a group credit life insurance plan offered by SBI Life Insurance Company Limited (SBI...
Moneylife Digital Team
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