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The IITian Trader

Logo of telegram channel theiitiantrader — The IITian Trader T
Logo of telegram channel theiitiantrader — The IITian Trader
Channel address: @theiitiantrader
Categories: Economics
Language: English
Subscribers: 10.96K
Description from channel

Everything shared here is just for educational and informational purposes. Please don't take it as a buy/sell call under any circumstances. Please do your own research before taking any investment decision.

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The latest Messages 7

2023-05-18 23:20:08 • Bata India Q4 revenue up 15% YoY, down 13% QoQ. Profit up 4% YoY, down 21% QoQ

• ITC Q4 revenue up 8% YoY, flat QoQ. Profit up 22% YoY, up 3% QoQ

• PIIND Q4 revenue up 14% YoY, down 3% QoQ. Profit up 37% YoY, down 20% QoQ

• Tata Elxsi Q4 revenue up 23% YoY, up 3% QoQ. Profit up 25% YoY, up 3% QoQ
507 views20:20
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2023-05-18 11:15:32 Results today:
Bata India, ITC, PIInd, SBI, Tata Elxsi
1.1K views08:15
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2023-05-18 11:13:53 Diamond and platinum, please visit community section
1.1K views08:13
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2023-05-18 08:57:51 *Government slashes subsidy to electric two-wheelers to 15 percent from 40 percent*

The central government has pared the FAME-II subsidy of electric two-wheeler to Rs 10,000 per Kwh from the existing Rs 15,000 per Kwh. The existing maximum subsidy cap of 40 percent of the ex-factory price of a vehicle has also been pruned to 15 percent. The government has disbursed subsidies to around 80 percent of the targeted one million electric two-wheelers under the subsidy scheme.

Despite fire safety concerns, the sales of electric two-wheelers seem to have crossed an inflection point in India. The market should continue to grow rapidly despite lowered subsidies as prices have become competitive with vehicles running on internal combustion engines.
1.3K views05:57
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2023-05-18 08:56:08 Tesla finally proposes to build factory in India to make electric cars
Tesla has proposed setting up a factory in India to build electric cars for domestic sale and export, the carmaker has told government officials. The proposal comes after India refused to agree to Tesla's request last year to lower the import tax on cars, which can reach as much as 100 percent. No location and quantum of investment has yet been specified
1.3K views05:56
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2023-05-18 08:55:38 Supreme Court gives market regulator till August 14 to complete Adani probe

The Supreme Court has allowed an extension until August 14 to the Securities and Exchange Board of India to conclude its investigation into allegations against the Adani group made by US short-seller Hindenburg Research. The extension falls short of the six months sought by the regulator. The top court also directed Sebi to provide a specific report on its investigation into alleged violations of minimum public shareholding norms by certain Adani companies.
1.3K views05:55
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2023-05-17 12:15:12 Diamond and platinum, please visit community section
1.4K views09:15
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2023-05-16 18:22:03

1.6K views15:22
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2023-05-14 11:05:47 Platinum members, please visit community section. Weekly F&O performance report has been posted
1.3K views08:05
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2023-05-14 09:18:50 Platinum members, please visit community section. Weekly F&O performance report has been posted
1.3K views06:18
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