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Bears run amok Sensex falls 3100 points Nifty down 880

In what appears to be the worst trading session in the Indian stock markets, the benchmark BSE Sensex fell over 3,100 points to trade below the 33,000-mark.

At 2.40 p.m., the index w...read more

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SBI board approves 977 milion for Yes Bank stake buy

State Bank of India said on Thursday its board has approved the purchase of 7.25 billion shares worth 72.50 billion rupees ($977.09 million) in Yes Bank as part of an initial phase of a rescue deal...read more

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Low crude rates to boost valuation of government share in BPCL

The government could hope to get much better valuation for its share in Bharat Petroleum Corporation (BPCL), if the current trend of low global oil prices continues well into 2020 as it will positi...read more

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Analyst View Bank of England cuts rates by 50 bps in shock move

The Bank of England unexpectedly cut interest rates by half a percentage point to 0.25% on Wednesday to bolster Britain's economy against disruption from a coronavirus outbreak.

The c...read more

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Britain fires with both barrels: emergency rate cut and budget boost

 The Bank of England slashed interest rates by half a percentage point on Wednesday and announced support for bank lending just hours before the unveiling of a budget splurge designed to stave...read more

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Airline major IndiGo on Wednesday said that it expects quarterly earnings to be materially impacted due to the outbreak of coronavirus.

It also pointed out that the rupee has also de...read more

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Yes Bank CBI ED studying documents senior officials to be quizzed

The Central Bureau of Investigation and the Enforcement Directorate are studying the documents seized during the searches carried out at multiple locations in connection with the Yes Bank scam and ...read more

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RIL underperforms Nifty but still top pick for Goldman Sachs Morgan Stanley

 Shares of Reliance Industries Limited (RIL), India’s largest company by market capitalisation, may have been declining in a falling market but it remains top pick for brokerages Goldman...read more

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Indian stocks suffer worst day in 41/2 years on virus panic oil price crash

Indian stocks on Monday recorded their worst single-day fall in more than four years, tracking global markets lower, as panic over the economic fallout of the coronavirus outbreak intensified and o...read more

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BharatPe appoints Vijay Aggarwal as CTO

Merchant fintech start-up BharatPe on Monday announced the appointment of Vijay Aggarwal as its Chief Technical Officer.

Prior to joining BharatPe, Aggarwal was a founding member at ...read more

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Stocks to Watch Yes Bank State Bank of India Jet Airways TCS Vedanta

Yes Bank: After restoring ATM cash withdrawal services and access to netbanking portal, private lender Yes Bank on Tuesday announced that it has partially restored its IMPS an...read more

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Tata launches ecosystem to kickstart Indian clean vehicles

 Tata Group is making its biggest push yet towards clean vehicles with plans to make electric cars and batteries, set up charging stations and build a battery recycling plant, senior executive...read more

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Stocks to Watch Infosys, Airtel Vodafone Tata Coffee Chemical companies

Infosys: Bengaluru based IT firm on Tuesday said it has completed the sale of its stake in Denmark-based startup UNSILO for $8,00,000 (approximately ₹5.7 crore). Infosys Ltd...read more

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United Spirits investors in high spirits as cost cuts drive profits

United Spirits Ltd’s shares zoomed nearly 14% on Tuesday, the highest single-day gain in more than two years, after the company reported 23.5% growth in adjusted pre-tax profit for the Decemb...read more

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Air India sale may struggle to fly despite better terms from government

The government has sweetened the deal a fair bit for prospective bidders of Air India Ltd. It is now retaining a far greater share of the airline’s debt and has given up the condition of reta...read more

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L Ts Q3 consolidated net profit up 16 5

Infrastructure and engineering conglomerate Larsen & Toubro (L&T) on Wednesday reported a 16.48 per cent increase in its consolidated net profit for the quarter ended December at Rs 2,751.6...read more

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L Ts Q3 consolidated net profit up 16 5

Infrastructure and engineering conglomerate Larsen & Toubro (L&T) on Wednesday reported a 16.48 per cent increase in its consolidated net profit for the quarter ended December at Rs 2,751.6...read more

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Stocks to Watch L T Axis Bank Sun Pharma Infosys Biocon Oil India

 Engineering and construction major Larsen & Toubro Ltd on Wednesday reported a 15.2% year-on-year rise in its net profit to ₹2,352 crore for the December quarter, as against ₹2,041 cr...read more

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Piramal Pharma to invest Rs 500cr in T`gana over next 3 yrs

Major business conglomerate Piramal Group will invest Rs 500 crore to expand its operations in Telangana over the next three years, the company announced on Wednesday.

The proposed i...read more

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I-T searches on United Phosphorus premises

An income tax (I-T) officer has conducted searches on multi-national agro-chemical manufacturer United Phosphorus Limited (UPL), acting on complaints of tax evasion.

A senior Income ...read more

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Rallis Indias strategy rejig pays off all eyes now on kharif 2020

Agrochemicals maker Rallis India Ltd gained 20% in the last three trading sessions, adding ₹798 crore to its market capitalization. The Street was impressed with its December quarter show, which ...read more

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Product led expansion turning off HCL Technologies shareholders

 

Shares of HCL Technologies Ltd fell 1.6% on Monday even though the company reported better-than-expected earnings for the December quarter. The 2.1% sequential revenue growth in co...read more

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Monnet Ispat & Energ posts Q3 net loss of Rs 137 15 cr

The company reported standalone net loss during the quarter stood at Rs 137.15 crore as compared to net loss of Rs 77.66 crore in the previous year quarter. Net revenue of the company rose moderate...read more

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Shree Cement Slowing economy to weigh on soaring realizations

Lower input prices and improving realizations have driven the Shree Cement Ltd stock into uncharted territory. It surged to an all-time high of ₹22,441, up about 34% in the past year.

S...read more

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Sensex Nifty gain as oil tumbles amid caution over Middle East tensions

Indian shares closed higher on Tuesday as crude prices slipped from their peaks, while investors remained cautious of any fresh escalation in U.S.-Iran standoff.

The Nifty 50  ended ...read more

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From Uday Kotak to Ratan Tata India Incs big week in court

India’s business and finance fraternity will kick off 2020 with two crucial legal battles: the top court will decide on the nation’s biggest corporate feud and, in an unprecedented acti...read more

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Stocks to Watch: NTPC, Infosys, Adani Ports, Mahindra & Mahindra, Gujarat Gas

NTPC : The state-owned company sought two-to-three-year extension of deadline to install emission-cutting equipment at some plants, according to a Reuters report. The request ...read more

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Hyundai Motor India to raise vehicle prices from Jan 2020

Automobile major Hyundai Motor India will hike prices across models effective from January 2020.

According to the company, the price increase has been necessitated on account of rise...read more

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IDBI Bank to divest stake in two subsidiaries

 IDBI Bank's Board on Tuesday gave "in-principle approval" to divest its stake in IDBI Capital Market Securities (ICMS) and IDBI Intech Limited (IIL).

According to...read more

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JSWs crude steel production declines 7 in November

Crude steel production of JSW Steel declined 7% year-on-year to 12.9 lakh tonne in November, the company said in a filing to the exchanges on Monday.

Sequentially, output grew 3%. The bla...read more

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Maruti raises output a tad but investors are hoping for more

Maruti Suzuki India Ltd’s shares rose by just 1.6% after the company announced an increase in production after nine consecutive months of output cuts. Of course, just a 4.3% year-on-year prod...read more

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Hero MotoCorp two wheelers prices to be hiked from Jan 1

Two-wheeler major Hero MotoCorp will raise ex-showroom prices of motorcycles and scooters from January 1, 2020.

According to the company, price increase across the two-wheeler range ...read more

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Nifty Sensex end lower as state owned banks weigh

 Indian shares gave up early gains and ended lower on Friday, dragged down by state-owned banking stocks, as investor risk appetite waned after the central bank held interest rates in a surpri...read more

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CG Power Mails show deliberate attempt to deny Thapar info

Internal communications of CG Power show that there was a deliberate attempt to not provide the documents and mails sought by ousted Chairman Gautam Thapar, who along with few others, is accused in...read more

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Five of top Ten most valued Indian firms add ₹56 77 cr in market capitalisation SBI tops the losers list

Reliance Industries Limited (RIL), ICICI Bank, Kotak Mahindra Bank and Infosys were among the gainers. HDFC Bank, HUL, HDFC, ITC and State Bank of India (SBI) suffered losses in their m-cap in the ...read more

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L T a better barometer of Indias economic woes than Sensex  Nifty

As odd as it may sound, Larsen and Toubro Ltd (L&T) is doing a better job of portraying the current economic woes of the country than mainline indices, Sensex and Nifty. Although economic indic...read more

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Sensex Nifty close lower stronger rupee hurts IT stocks

Indian shares dropped from life highs to end lower on Tuesday, dragged down by losses in information technology and consumer stocks, even as global markets rose on optimism around the trade negotia...read more

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Indian stock gains to be limited in 2020 as economy slows Reuters poll

Indian stocks are set to rise further over the coming year, according to a Reuters poll of equity strategists, but those gains will be limited as fiscal stimulus and easy monetary policy fail to re...read more

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Moodys change of outlook reinforces concerns of sluggish recovery at UPL

Investors shrugged off the cut in outlook by Moody’s Investors Service on UPL Corp. Ltd to stable from positive, sending the stock lower by 0.5% on Tuesday. UPL Corp. is a unit of UPL Ltd thr...read more

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Exclusive India probe finds SKF Schaeffler Tata Steel units colluded on bearings prices

An Indian antitrust probe has found that units of Tata Steel Ltd, Sweden's AB SKF and Germany's Schaeffler AG colluded on the pricing of bearings, according to an investigation report seen ...read more

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Opto Circuits India posts Q2 net loss of Rs 856 cr

The company reported standalone net loss during the quarter stood at Rs 856.30 crore compared to net profit of Rs 7.96 crore in the previous year quarter.  Net revenue of the company declined ...read more

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Sony India logs triple digit growth in camera biz in 1 year

 

Tokyo-headquartered Sony, which completed 25 years in India this month, has registered triple digit growth in its camera business in the country in just one year and has registered...read more

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NTPC may shell Rs 10k cr for Centre s stake in NEEPCO THDC

Country's largest power producer NTPC may make an aggressive bid of about Rs 10,000 crore to buy out the Centre's stake in two hydro power producing companies - NEEPCO and THDC, two persons...read more

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Nifty Sensex tread lower dragged by IT stocks

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel ...read more

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Nifty Sensex edge higher bank telecom stocks gain

Indian shares inched higher on Tuesday, driven by banking and telecom stocks after two major mobile network service providers said they planned to raise tariffs from next month.

The NSE N...read more

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Sensex adds 135 pts in early trade PSU banks gain

 

The benchmark Sensex advanced by 135 points during the early trade on Monday led by PSU bank stocks.

It opened higher at 40,431.08,from its Friday's close of 40,...read more

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Blue Star Voltas shares heat up as order flows and AC sales pick up

Shares of both Blue Star Ltd and Voltas Ltd are up 20% and 25%, respectively, since August, beating the 8% rise in the benchmark Nifty 200 index.

September quarter’s (Q2 FY20) impro...read more

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Jaypee Infra resolution NBCC offers 1426 acres to banks

 

Softening its resolution plan for Jaypee Infratech (JIL), state-run construction major NBCC has offered 1,426 acres land, worth Rs 5,001 crore, of the bankrupt company to its finan...read more

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J Kumar Infraproject Q2 net profit jumps 57 at Rs 55 cr

The company reported standalone net profit of Rs 55.90 crore for the quarter ended September 30, 2019 as compared to Rs 35.39 crore in the same period last year, registering a year-on-year growth o...read more

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Vodafone Idea makes 7 billion loss after provisions for government dues

 Vodafone Idea  on Thursday reported the biggest quarterly loss in India's corporate history after making provisions for outstanding government dues.

Vodafone Idea, made up ...read more

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Sensex Nifty fall on inflation data telecom worries hurt banks

By Sethuraman N R

Indian shares edged lower on Thursday, after retail inflation breached the Reserve Bank of India's (RBI) medium-term target of 4% for the first time in 15 months, wh...read more

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Tata Motors to raise 300 million through offshore bonds

Tata Motors Ltd will raise $300 million through unsecured offshore debt financing, the company said in a filing to the stock exchanges late Wednesday.

The bonds will bear a coupon rate of...read more

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Grauer Weil Q2 net profit up 27 at Rs 20 cr

The company reported standalone net profit of Rs 20.09 crore for the quarter ended September 30, 2019 as compared to Rs 15.71 crore in the same period last year, registering a year-on-year growth o...read more

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Jindal Poly Films posts Q2 net profit of Rs 162 cr

The company reported standalone net profit during the quarter stood at Rs 162.60 crore compared to net loss of Rs 10.65 crore in the previous year quarter. Net revenue of the company declined moder...read more

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Finolex Cables Q2 net profit up 32 at Rs 123 cr

The company reported standalone net profit of Rs 123.12 crore for the quarter ended September 30, 2019 as compared to Rs 92.91 crore in the same period last year, registering a year-on-year growth ...read more

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Insecticides India Q2 profit up 13

Agrochemical company Insecticides India's profit after tax for the quarter ended September stood at Rs 49 crore, up by 13.6 per cent from the corresponding quarter of the previous year.
...read more

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RITES reports Q2 profits of Rs 237 cr

RITES on Wednesday recorded reported profits of Rs 237.21 crore for the September quarter as against a profit of Rs 111.87 crore in the corresponding quarter last year.

The company s...read more

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Wipro to drive telecom infra projects 5G adoption

Global software major Wipro has entered into an agreement with Telecom Infra Project (TIP) to drive its 5G adoption, the company said on Wednesday.

"Working within TIP, we will ...read more

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Vedanta wins Jamkhani coal block in Odisha

 

Vedanta Limited has emerged as the highest bidder for the Jamkhani coal block in Sundargarh district, Odisha, in the 10th tranche of the captive coal block auction.

...read more

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Munjal Kothari in talks to buy 10 each in Yes Bank

Sunil Munjal, chairman of Hero Corporate Services Ltd, and Hemendra Kothari, veteran investment banker and founder of DSP Group, have held separate talks with Yes Bank Ltd to purchase stakes of 5-1...read more

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Higher realizations at Coal India from FSA deals spark the fire in September quarter

Nobody expected the moon from Coal India Ltd’s September quarter results. A key reason was that its production was hit last quarter by extended monsoon in certain regions, besides labour stri...read more

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Tata Motors October global wholesale down 19

Automobile major Tata Motors Group on Tuesday reported a fall of 19 per cent in its global wholesales during October to 89,108 units, including the off-take for the Jaguar Land Rover (JLR).
...read more

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Jindal Worldwide Q2 net profit zooms 190 at Rs 10 cr

 

The company reported standalo...read more

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Rupa Company L Q2 net profit up 26 at Rs 35 cr

The company reported standalone net profit of Rs 35.40 crore for the quarter ended September 30, 2019 as compared to Rs 28.09 crore in the same period last year, registering a year-on-year growth o...read more

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RattanIndia Power posts Q2 net loss of Rs 73 cr

The company reported standalone net loss during the quarter stood at Rs 73.17 crore as compared to net loss of Rs 2402.45 crore in the previous year quarter. Net revenue of the company declined mod...read more

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Shree Renuka Sugars posts Q2 net loss of Rs 36 cr

The company reported standalone net loss during the quarter stood at Rs 36.00 crore as compared to net loss of Rs 275.10 crore in the previous year quarter. Net revenue of the company rose substant...read more

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Bharat Forges`management commentary surprising

 

 Management commentary, usually measured and aimed at boosting confidence among investors is changing amid the severe slowdown in the country. More than Bharat Forges' qua...read more

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IOC expects diesel demand to recover in six months

India's diesel demand is expected to recover in the next six months as a longer-than-usual monsoon season that affected transportation and industry has ended, the chairman of top domestic refin...read more

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Lakshmi Vilas Bank Q2 net loss widens to 357 cr

Private lender Lakshmi Vilas Bank on Saturday reported a net loss at ₹357.17 crore for the quarter ending September 30, 2019. The Tamil Nadu-based bank had clocked net loss at ₹132.30 crore dur...read more

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Amid auto slowdown Street seeks solace from Mahindras tractor business

 

Auto major Mahindra and Mahin...read more

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Sarla Performance Fi Q2 net profit jumps 62 at Rs 11 crsto

 

The company reported standalo...read more

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Birlasoft Q2 net profit down 35 at Rs 35 cr

The company reported standalone net profit of Rs 35.48 crore for the quarter ended September 30, 2019 as compared to Rs 55.08 crore in the same period last year, registering a year-on-year decline ...read more

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TTK Prestige L Q2 net profit jumps 49.30% at Rs 80.28 cr

The company reported standalone net profit of Rs 80.28 crore for the quarter ended September 30, 2019 as compared to Rs 53.77 crore in the same period last year, registering a year-on-year growth o...read more

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Nissan India bags sizeable export orders for Datsun, Sunny

Car maker Nissan Motor India is buoyant about the export market and plans to ship out over 8,000 Datsun and 65,000 Sunny cars till next year, said a top official of Renault Nissan Alliance India Pv...read more

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Bharat Forge says past quarter toughest in decade

 

For the Pune-based manufacturing major Bharat Forge, the business environment in the past quarter has been the "toughest period witnessed by the company in the decade"....read more

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Dhunseri Ventures Q2 net profit down 14 at Rs 18 cr

The company reported standalone net profit of Rs 18.40 crore for the quarter ended September 30, 2019 as compared to Rs 21.55 crore in the same period last year, registering a year-on-year decline ...read more

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PG HygieneHealth Q1 net profit down 5 at Rs 136 cr

The company reported standalone net profit of Rs 136.84 crore for the quarter ended September 30, 2019 as compared to Rs 144.11 crore in the same period last year, registering a year-on-year declin...read more

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Despite weak demand Dabur churns out decent results in Q2

Despite weak demand conditions, Dabur Ltd’s Q2 volume growth surpassed market expectations. That optimism is being reflected in its shares, which surged 4.9% immediately on the results being ...read more

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For Bajaj Finances share issue pricey valuation is no hurdle for investors

It is a tried and tested method to seek refuge in stocks that seem to stand tall during times of stress. Bajaj Finance Ltd was an obvious choice when other non-banking financial companies (NBFCs) f...read more

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Infosys fires non performing techies

 

Global software major Infosys has terminated the services of non-performing employees at multiple levels as part of its involuntary attrition, a company source said on Tuesday.
...read more

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Sensex Nifty inch lower Titan slumps on weak results guidance

Indian shares slipped in early trade on Wednesday, dragged by financial and consumer discretionary stocks, and tracking weakness in broader Asia.

The broader NSE Nifty inched 0.37% lower ...read more

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IOC maintains interest in BPCL may bid on lower offer size

The country's largest public sector refiner and retailer, Indian Oil Corporation (IOC), may consider bidding for the Centre's stake in Bharat Petroleum Corporation Ltd (BPCL) if such a need...read more

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Godrej  Consumers  Q2  show  muted on revenue, but margins remain robust

Godrej Consumer Products Ltd’s (GCPL’s) September quarter results are not spectacular on the revenue front to begin with. Nonetheless, there are some encouraging signs. For instance, th...read more

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India added 1 300 start ups in 2019 including 7 unicorns

 India added over 1,300 start-ups, including 7 unicorns in 2019, making the country the third biggest start-up ecosystem in the world behind China and the US, according to a new report from in...read more

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IL FS Financial Services defaults on payments as low as Rs 4 lakh

 

IL&FS Financial Services has defaulted on its payment obligations on loans and interest payments as low as Rs 4 lakh from October 31 to November 4.

In a regulato...read more

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Godrej Properties Lt Q2 net profit down 33at Rs 17 cr

The company reported standalone net profit of Rs 17.56 crore for the quarter ended September 30, 2019 as compared to Rs 26.39 crore in the same period last year, registering a year-on-year decline ...read more

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MTNL rolls out VRS scheme for employees

New Delhi: State-run telecom firm MTNL has rolled out a voluntary retirement scheme (VRS) for its employees, days after the government approving a revival package for the stru...read more

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MTNL rolls out VRS scheme for employees

New Delhi: State-run telecom firm MTNL has rolled out a voluntary retirement scheme (VRS) for its employees, days after the government approving a revival package for the stru...read more

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Dabur India Q2 net profit up 5 95 at Rs 325 54 cr

The company reported standalone net profit of Rs 325.54 crore for the quarter ended September 30, 2019 as compared to Rs 307.26 crore in the same period last year, registering a year-on-year growth...read more

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Dabur India Q2 net profit up 5 95 at Rs 325 54 cr

The company reported standalone net profit of Rs 325.54 crore for the quarter ended September 30, 2019 as compared to Rs 307.26 crore in the same period last year, registering a year-on-year growth...read more

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Punj NationlBak posts Q2 net profit of Rs 507 05 cr

The bank reported standalone net profit during the quarter stood at Rs 507.05 crore compared to net loss of Rs 4532.35 crore in the previous year quarter. Interest income of the bank rose by 7.83 p...read more

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NCC Q2 net profit down 36 at Rs 80 cr

The company reported standalone net profit of Rs 80.04 crore for the quarter ended September 30, 2019 as compared to Rs 125.65 crore in the same period last year, registering a year-on-year decline...read more

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Apollo Tyres Q2 net profit down 32 at Rs 99 cr

The company reported standalone net profit of Rs 99.75 crore for the quarter ended September 30, 2019 as compared to Rs 146.84 crore in the same period last year, registering a year-on-year decline...read more

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Ingersoll Rand Q2 net profit up 1 at Rs 22 cr

 

The company reported standalone net profit of Rs 22.72 crore for the quar...read more

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P G Hygiene&Health Q1 net profit down 5 at Rs 136 cr

The company reported standalone net profit of Rs 136.84 crore for the quarter ended September 30, 2019 as compared to Rs 144.11 crore in the same period last year, registering a year-on-year declin...read more

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CARE Ratings Q2 net profit down 20 28 at Rs 36 cr

The company reported standalone net profit of Rs 36.99 crore for the quarter ended September 30, 2019 as compared to Rs 46.40 crore in the same period last year, registering a year-on-year decline ...read more

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IndiGo Qatar Airways to make strategic announcement on November 7

 India's largest airline IndiGo and Qatar Airways will make a strategic business announcement on November 7, the two companies said in a statement on Tuesday, sending shares of the budget ...read more

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Maruti Suzuki October domestic wholesales up 4 5 year on year

Maruti Suzuki India Ltd (MSIL) on Friday reported a 4.5% year-on-year (YoY) growth in domestic wholesales for October at 144,277 units, indicating a spike in demand during the festival season.

...read more

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Yes Bank stocks jump 24 on investment offer of 1 2 bn

 

Shares of Yes Bank rocketed 24 per cent on Thursday as the lender received a binding offer from a global investor for an investment of $1.2 billion.

On the BSE, the ...read more

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Nifty Sensex extend gains IOC drops after weak results

By Chandini Monnappa

Indian shares extended gains seen through the week on Friday, as a raft of strong earnings raised expectations of a better December quarter.

Broader Asian s...read more





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