Page 2 - Domestic Market

L&T Q2 net profit rises 22.5%, revenue up 23% on strong order inflows

In Q2, the company gained from strong order inflows in the domestic market, with consolidated revenue from operations increasing by 23 per cent to Rs 42,763 crore in the period

Q2FY23 preview: Modest revenue growth, Ebitda decline seen in pharma cos

While domestic market demand is strong, analysts expect higher raw material and freight costs to affect business in US, other countries; healthy YoY growth seen in hospitals and diagnostics

Expect moderate returns in Samvat 2079: Bajaj Allianz Life's Sampath Reddy

We are positive on select private banks with credit growth picking-up and asset quality outlook being benign/improving.

Sensex and Nifty drop for seventh day running; FPIs pull out $2 billion

Benchmark indices crash 5.5% as FPIs yank out $2 billion

Banks, FMCG: Time to bet on domestic economy-related sectors, say experts

Banks, Auto, FMCG, Hospitals, Domestic Industrials, and Discretionary may continue to outperform the 'Export + Cyclical'-oriented themes

Why 'Make in India' in defence may be leaving India vulnerable to threats

India's air force, army, and navy can no longer import some critical weapons systems to replace aging ones, the officials said

Are Indian stock markets turning domestic?

RBI's MPC observed that the domestic economic activity was resilient against the backdrop of adverse global environment. Investment by domestic investors has seen a steady rise. Here're some insights

2-wheeler makers accelerate global expansion plans as exports gain traction

The domestic slowdown and growing acceptability of Made-in-India brands offer opportunities to accelerate the drive to global markets

Govt plans to scrap 80-year-old Coffee Act, bring Bill to promote industry

Bill to be introduced in ongoing Parliament session, aims to modernise functioning of Coffee Board, promote exports and support development of domestic market

New SEZ law to focus on job creation and research, not foreign exchange

The Bill shall propose the re-introduction of certain direct tax benefits, under which units set up in these development hubs shall attract a 15 per cent corporate tax until 2032

Sebi board may clear decks for FPI entry into commodity derivatives segment

The long-awaited move is aimed at boosting liquidity and efficiency at domestic commodity bourses, even as concerns remain if this would make markets more volatile

Sensex rises 443 pts; Nifty rebounds nearly 1% as auto, IT shares advance

Experts said a fall in oil prices and other key commodities are a silver lining in the domestic market

Domestic toy makers see surge in sales after dip in Chinese imports

Sales rise for domestic players after India last year banned sale of toys that are not certified by Bureau of Indian Standards

Return from well-managed portfolios may be 15-20%, at best: P Kacholia

The domestic market being in a cyclical bull run, the more prudent thing would be to buy on dips, said MD Kacholia

Centre imposes stock limits on edible oils to soften prices in market

Edible oil prices in domestic retail markets have shot up sharply by up to 46.15 per cent in last one year due to global factors and local tight supply situation, as per government data

Nayara Energy raises Rs 2,285 cr via NCDs, issue sold out twice over

Proceeds of the issue will be utilised for refinancing of existing debt, routine capex and general corporate purpose

Govt extends antidumping duty on seamless tubes, pipes till October

The government has extended anti-dumping duty on certain types of seamless tubes, and pipes till October 31 this year with a view to guarding domestic manufacturers from cheap Chinese imports

Seven of top-10 firms add Rs 75,845 cr in m-cap; HDFC twins top gainers

Apart from HDFC duo, Tata Consultancy Services (TCS), Infosys, Kotak Mahindra Bank, ICICI Bank and Bajaj Finance were other gainers.

Govt gifts Rs 1.45-trillion incentive for 10 manufacturing sectors

The government hopes that the PLI schemes would provide 200,000-300,000 direct employment over five years, according to sources in the know.

India should resist misleading allure of domestic mkt; boost exports: Study

India should resist the misleading allure of the domestic market and should zealously boost exports, according to a research paper co-authored by former chief economic advisor Arvind Subramanian