#Nomura says,India will be fastest growing Asian economy in FY22,with GDP growth of 9.9;GDP growth to be 32.4% in 1QFY22&10.2% in 2QFY22
Fee weeks back #GoldmanSachs had upgraded India's GDP growth forecast from 10% to 13% for FY22
#IMF is at 8.8%& #Moody's at 8.6%
#Modinomics
Fee weeks back #GoldmanSachs had upgraded India's GDP growth forecast from 10% to 13% for FY22
#IMF is at 8.8%& #Moody's at 8.6%
#Modinomics
Few
@narendramodi govt's decision to sell 20% in IRCTC at base price of Rs 1367,via #OFS tomr,is a great move
1367 is,15.5% discount to Wednesday's closing of Rs1618;52 week high&low is Rs 1995 &775
#IRCTC got listed last yr&was subscribed a whopping 112x
GoI owns 87.4% stake
1367 is,15.5% discount to Wednesday's closing of Rs1618;52 week high&low is Rs 1995 &775
#IRCTC got listed last yr&was subscribed a whopping 112x
GoI owns 87.4% stake
Modi Govt will sell up to 2.4 crore equity shares of #IRCTC,akin to 15% of paid-up equity share capital of company
For Sep 2020 qtr,IRCTC saw revenue of 88.56 Cr with net profit of 32.64 Cr
#OFS open only to non-retail investors today
Bodes well for GoI's #Disinvestment
target
For Sep 2020 qtr,IRCTC saw revenue of 88.56 Cr with net profit of 32.64 Cr
#OFS open only to non-retail investors today
Bodes well for GoI's #Disinvestment
target
Nov'20 Car sales were steady after a phenomenal October;Maruti sold 1.36 lakh units Vs 1.39 lakh in Nov'19,dip of 2%
But Hyundai,Tata Motors,Kia, Mahindra&Mahindra&Honda recorded healthy numbers
Mahindra’s UV sales saw 27% growth&broader passenger vehicle segment,growth of 24%
But Hyundai,Tata Motors,Kia, Mahindra&Mahindra&Honda recorded healthy numbers
Mahindra’s UV sales saw 27% growth&broader passenger vehicle segment,growth of 24%
Honda Cars had rewarding festive season&clocked domestic sales of 9990 units in Nov’20 Vs 6459 units sold in Nov'19,growth of 55%
#HeroMoto,world’s largest 2-wheeler Co,sold 5.91 lakh units in Nov'20,a 14% jump over last yr
Hero's great numbers were aided by record retail sales
#HeroMoto,world’s largest 2-wheeler Co,sold 5.91 lakh units in Nov'20,a 14% jump over last yr
Hero's great numbers were aided by record retail sales
Hero sold 14 lakh units in just 32 day period between Navratra&Bhai-Dooj
Chennai-based TVS Motor also saw great numbers,with 21% higher sales at 3.23 lakh units in Nov,backed by 2-wheelers that grew a solid 30%
Honda motorcycles saw 11% growth
Economic Recovery,powering ahead
Chennai-based TVS Motor also saw great numbers,with 21% higher sales at 3.23 lakh units in Nov,backed by 2-wheelers that grew a solid 30%
Honda motorcycles saw 11% growth
Economic Recovery,powering ahead
Passenger vehicle sales in Nov rose 12.73% to 2.85 lakh units& 2-wheeler sales up 13.43% to 16 lakh units
Motorcycle sales were at 10.27 lakh units,up 14.9%;Scooter sales up 9.29% at 5.03 lakh units
Moot point is,despite festive season being over,auto sales were robust in Nov
Motorcycle sales were at 10.27 lakh units,up 14.9%;Scooter sales up 9.29% at 5.03 lakh units
Moot point is,despite festive season being over,auto sales were robust in Nov
On 9th Dec @narendramodi govt gave Rs 6195.08 Cr towards Post Devolution #RevenueDeficit Grant,to States;Centre will give Rs 74341Cr overall,to States,annually
Kerala received largest share at 1277 Cr,followed by Himachal Pradesh at 953Cr,Punjab at 638Cr &Assam,632Cr
#Economy
Kerala received largest share at 1277 Cr,followed by Himachal Pradesh at 953Cr,Punjab at 638Cr &Assam,632Cr
#Economy
Reams of paper were written on how @narendramodi gov is unfair to States like Kerala,but data suggests, Kerala has in fact,been getting highest share of #Grant, given to States
Not a word from Kerala's Finance Minister either,who otherwise,takes to Twitter,to target Central govt
Not a word from Kerala's Finance Minister either,who otherwise,takes to Twitter,to target Central govt
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