HDFC Q4 Earning Results | Profits fell by 21.97 % YoY | Net Interest Income rose 17 % YoY

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Modi Package Announcement: What it means for the economy?

The Indian economy is a clear victim of COVID-19 and we have been staring at the unemployment numbers and the dismal performance of the stock market for almost 3 weeks now. After the initial stimulus package of Rs 1.7 Lakh Crores aimed at farmers and daily wage workers, Prime Minister Modi has tried to inject the lagging economy again with a stimulus package of Rs 20 Lakh Crores this time. How does this impact the economy? We have listed down some of the impacts of this package. 1. The power distribution companies There was already a 3-month halt on any payments for the electricity bought by these companies like Power Finance Corporation( PFC ), Rural Electrification Corporation Limited( REC ), etc. In today's announcement, Nirmala Sitharaman said that we will add Rs 90,000 crore to clear outstanding bills and salaries for the employees. 2. China As China's manufacturing industry tries to recover from COVID-19 , Modi is trying to entice foreign investment i...

Stocky Lab 1: EBITDA vs Net Income

Revenue The total amount of income generated from the business. Gross Profit Gross profit is revenue minus the cost of goods sold. For Ex: If flipkart has a revenue of Rs 1 Crore and the actual cost of goods sold is Rs 80 Lakh; then the gross profit is Rs 20 Lakh. What is EBITDA? EBITDA means Earnings before Interest Expense, Tax, Depreciation & Amortization. When you remove Operational Expense which general administrative expense, salaries, research & development, etc. Let's break it down. 1. Interest Expense - This is the interest that needs to be paid for any borrowings/debt. This value does not include the principal amount of the debt, but only interest on it. 2. Tax - This is the corporate tax a company needs to pay on its earnings for the year to the government. 3. Depreciation - Companies that have assets like manufacturing plants, vehicles, machinery, etc when they are bought are considered assets in the balance sheet. But they are expensed over time. For Ex: If ...

Why Vedanta share price is going up?

Mining mogul Anil Agarwal is considering voluntary delisting Vedanta from the Indian stock market. He will offer Rs. 87.5 to the 49.46 percent public shareholders of Vedanta. Promoter group Vedanta Resources Ltd holds 50.14 percent of the subsidiary company, Vedanta. It is not the first time Vedanta is delisting its stock from the stock market. They have previously delisted their share from the London Stock exchange in 2018. Vedanta LSE Delisting In an interview given to India Today in 2018, Anil mentioned - "The London listing has served us extremely well since that time. However, given the subsequent growth of our underlying businesses and the maturity of the Indian capital markets, together with related feedback from our shareholders and other stakeholders, we have concluded that a separate London listing is no longer necessary to achieve the Vedanta Group's strategic objectives." In the same year, thirteen unarmed protesters were killed in the police firing, ...

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