Markets
English

Munikoti Rochan

Based in India, M Rochan has doggedly chased the news and the movers and shakers behind it for over nine years. He has tracked the goings-on within India Inc. against a backdrop of a policy paralysis and a regime change. He is a fan of the ancient Indian sport Kabaddi and hopes his countrymen and women will take the Kabaddi gold at the 2024 Olympics.

Articles by Munikoti Rochan Page 21

Vehicle Gear Set
Mahindra CIE shares jump as analysts retain 'buy' on stock

The auto component maker's stock gained over 9% on India's National Stock Exchange

Munikoti Rochan
JSPL
India’s Jindal Steel & Power gains after decision to auction power subsidiary

The power major plans to auction 96% stake in Jindal Power at a base price of $994 million

Munikoti Rochan
SBI Cards India
India's SBI Cards logs lower profit for June quarter after bad loans rise

The credit card company reported a 22% drop in profits for the June quarter

Munikoti Rochan
Stock Markets
Indian stocks traded lower this week amid concerns of a third wave of COVID

Benchmark indices in Mumbai gained on Friday but ended lower for the week

Munikoti Rochan
Up Arrows
Indian shadow bank Poonawalla Fincorp's stock gains as vaccine czar Adar assumes control

The shadow lender, formerly know as Magma Fincorp, gained 5% in Mumbai trade

Munikoti Rochan
Mphasis Limited
Shares of Blackstone Group-owned Mphasis surge on record deal wins

The Indian information technology firm logged a 23% jump in profits for the June quarter

Munikoti Rochan
Indiamart logo on a screen
E-commerce firm IndiaMart’s revenue jumps 19% despite COVID

Indiamart Intermesh benefited from an increase in both business and subscribers

Munikoti Rochan
Stock Markets
Indian stocks jump on upbeat corporate earnings data

Benchmark indices in Mumbai gained over 1% on Thursday

Munikoti Rochan
Unilever's Dove Conditioner
Hindustan Unilever’s net profits up 10% for June quarter

Unilever's Indian subsidiary reported a 13% jump in revenues on broad-based performance

Munikoti Rochan
Smartphones
India’s smartphone market drops by 13% due to COVID disruptions

Shipments to the world's second-largest smartphone market fell for quarter ended June 30

Munikoti Rochan
IPO
India’s Glenmark Pharma cuts subsidiary’s IPO to $141m

Glenmark Life Sciences’ initial public offering now has an offer for sale of 6.3 million shares

Munikoti Rochan
Shares
Indian stocks drop after ADB’s GDP downgrade sparks growth concerns

Benchmark indices in Mumbai end some 0.7% lower on Tuesday

Munikoti Rochan
IPO
India’s Nirma Group to push out $670m IPO of cement maker Nuvoco Vistas

Nuvoco Vistas' planned floatation receives SEBI approval

Munikoti Rochan
Kolkata India
Asian Development Bank lowers India's growth forecast to 10%

The bank revised its April projection of 11% for this year citing COVID restrictions

Munikoti Rochan
A falling stock price chart is overlaid on the flag of India
Indian markets drop as COVID-19 spooks regional investors

Rising COVID-19 cases globally spark fears in India as stocks and indices take a dive

Munikoti Rochan

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