IndiaMART: Exceptional Business Model
IndiaMART InterMESH Limited is an online platform (www.indiamart.com.) for business buyers to connect with suppliers of products and services. Buyers can place a business enquiry by visiting suppliers (small and medium) online and explore their products and services. As of 31 March 2019, it had organised its listings across 54 industries.
 
The online portal is free for buyers,...
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital Access

Subscribe

Moneylife Magazine Subscriber or MAS member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
  • Nifty, Sensex fall in tune with global markets –Wednesday closing report
    We had mentioned in last week’s closing report that Nifty, Sensex were moving in tandem with global trends. The major indices tumbled and posted major losses because the US markets fell last night and premarket futures indicated further losses. On the NSE, there were 937 advances, 822 declines and 364 unchanged.
     
    The trends of the major indices in the course of Wednesday’s trading are given in the table below:
     
     
    Maruti Suzuki India reported sales of only 83,792 vehicles in March due to the COVID-19 outbreak that has dampened economic activity. Accordingly, the company said that March's sales figures cannot be compared on a YoY basis.
     
    The government has postponed strategic disinvestment process of Bharat Petroleum Corporation (BPCL) by over a month in wake of prevailing situation arising out of COVID-19.
     
    Uttam Sugar Mills has started production of hand sanitizers at Barkatpur unit in Barkatpur, U.P.
     
    Camlin Fine Sciences has resumed partial operations/production at its manufacturing unit situated at Palghar, Maharashtra.
     
    The finance committee of Grasim Industries has approved issue of non-convertible debentures (NCDs) on private placement basis, for an amount not exceeding Rs. 1,000 crore, in one or more tranches.
     
    Bharat Electronics posted a turnover in excess of Rs. 12,500 crore (provisional & unaudited) during the FY2019-20. The company had a growth of 6% over the previous year's turnover of Rs. 11,789 crore. BEL's Order Book as on 1.4.2020 is Rs. 51,800 crore.
     
    Wipro Ltd, Wipro Enterprises Ltd and Azim Premji Foundation, have together committed Rs 1,125 crore towards tackling the crisis arising from the COVID-19 pandemic outbreak.
     
    Ashok Leyland has reported 90% drop in sales during March 2020 at 2,179 units as against 21,535 units in March 2019. Domestic sales dropped 91% YoY in March 2020 to 1,787 units as compared to 20,521 units in March 2019.
     
    Eicher Motors sold 1,499 vehicles during March 2020, as against 8,676 in March 2019 registering a drop of 82.7% YoY.
     
    The top gainers and top losers of the major indices are given in the table below:
     
     
    The closing values of the major Asian indices are given in the table below:
     
     
  • User 

    Nifty, Sensex rise in tandem with global rally – Tuesday closing report
    We had mentioned in last week’s closing report that Nifty, Sensex were under pressure. The major indices rallied today and posted major gains. On the NSE, there were 1,321 advances, 464 declines and 337 unchanged. The trends of the major indices in the course of Tuesday’s trading are given in the table below:
     
     
    Rally continued in the Indian stock market on Tuesday afternoon as the BSE Sensex rose over 1,000 points. The Nifty50 on the National Stock Exchange (NSE) rose 300 points to trade above the 8,500 mark. The gains were in tandem with the rise in Asian markets. 
     
    Reliance Industries will hold a board meeting on April 2 in a fund raising exercise through issuance of non-convertible debentures (NCDs) on private placement basis.
     
    Apollo Hospitals Group announced 'Project Stay I', an initiative, with partnership with SBI, OYO, Hisdustan Unilever among others to creating isolation rooms in hotels with medical supervision for quarantine.
     
    ITC's perfume manufacturing facility in Himachal Pradesh has commenced production of Savlon Sanitisers to cater to the soaring demand due to the outbreak of the Corona virus pandemic.
     
    Muthoot Capital Services completed a direct assignment transaction of Rs. 99.93 crores on March 30, 2020. With this transaction, the company has so far raised total funds of Rs. 909.60 crores through securitization / direct assignment transactions during the FY 2019 - 20.
     
    Axis Bank has released 25,00,000 pledge shares of Pennar Industries held by Mr. Nrupender Rao, executive chairman and promoter. Further, M/s. Pennar Holding Private, promoter, created a pledge of 7,50,000 equity shares (aggregating to 15,00,000) of Pennar Industries with State Bank of India.
     
    Bharti Airtel announced special measures to assist low income group customers impacted by the COVID-19 crisis. Airtel has extended the pre-paid pack validity for over 80 million customers till April 17th, 2020. All these customers will continue to get incoming calls on their Airtel mobile numbers even after the validity of their plan is exhausted. Airtel will also credit an additional Rs 10 of talk time in the pre-paid accounts of all these 80 million customers to enable them to make calls or send SMS and therefore stay connected with their loved ones.
     
    The top gainers and top losers of the major indices are given in the table below:
     
     
    The closing values of the major Asian indices are given in the table below:
     
     
  • User 

    We are listening!

    Solve the equation and enter in the Captcha field.
      Loading...
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email

    BUY NOW

    online financial advisory
    Pathbreakers
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
    online financia advisory
    The Scam
    24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
    Moneylife Online Magazine
    Fiercely independent and pro-consumer information on personal finance
    financial magazines online
    Stockletters in 3 Flavours
    Outstanding research that beats mutual funds year after year
    financial magazines in india
    MAS: Complete Online Financial Advisory
    (Includes Moneylife Online Magazine)
    FREE: Your Complete Family Record Book
    Keep all the Personal and Financial Details of You & Your Family. In One Place So That`s Its Easy for Anyone to Find Anytime
    We promise not to share your email id with anyone