The Reserve Bank of India today announced that it will undertake a 6-month US dollar sell/buy swaps to provide liquidity to the foreign exchange market. The swaps will be conducted through the auction route in multiple tranches. The rupee had today crashed to 74.34 against the US dollar, close to...read more
Trading had to be halted in Indian markets for 45 minutes today after Nifty50 index crashed 10% in early trade. This is first time in 12 years trading in Indian markets had to be halted. The market...read more
Yes Bank on Wednesday said that its inward RTGS services have been enabled that will allow customers to make payments towards the bank's credit card dues and loan obligations from other bank ac...read more
India's blue-chip Nifty 50 stock index was likely to slip below the 10,000 level on Thursday after the coronavirus outbreak was declared a pandemic and as the United States' suspensio...read more
The move allows people to send money from other bank accounts to their Yes Bank account through IMPS (Immediate Payment Service) and NEFT (National Electronic Funds Transfer) mode.
I...read more
Coronavirus (COVID-19) and its negative impact on the oil prices have pulled down Reliance Industries' (RIL) refining and chemical valuation by $7 billion. This, analysts say, could impact RIL&...read more
The Committee of Creditors (CoC) of the insolvent Jet Airways is scheduled to meet on Thursday to discuss on the future course of action as it has not received any resolution plan from the suitors ...read more
Maruti Suzuki India Ltd’s stock fell 2.2% as its December quarter (Q3FY20) results missed the euphoric expectations of investors. The big disappointment came on operating performance.
...read more
Sumitomo Chemical India Ltd made an impressive debut on the stock exchanges. Its shares rose 5% for the second consecutive day.
The Indian arm of Japan’s Sumitomo Chemical Co. Ltd h...read more
Sumitomo Chemical India Ltd made an impressive debut on the stock exchanges. Its shares rose 5% for the second consecutive day.
The Indian arm of Japan’s Sumitomo Chemical Co. Ltd h...read more
HDFC: India’s largest mortgage financer, HDFC Ltd, reported nearly four-time growth in its standalone net profit at ₹8,372.49 crore for the third quarter ended 31 Dece...read more
Reliance Jio has become the largest telecom player by revenue and subscriber base, India Ratings said on Monday.
Reliance Jio Infocomm Ltd has remained aggressive in subscriber acqui...read more
India’s banking history is awash with examples of how aggressive lending can lead to pain later. After all, lenders have been in the middle of such pain over the last four financial years....read more
Paint maker Asian Paints Ltd’s December quarter results are not vibrant enough. The problem starts at the revenue line itself, with growth dropping to just 3% last quarter to Rs5420 crore. Th...read more
The assets under management (AUMs) of mutual fund companies have been inching up steadily, thanks to the steady increase in systematic investment plans (SIPs). HDFC Asset Management Co. Ltd reporte...read more
Shares of Vodafone Idea on Tuesday jumped over 20 per cent on the BSE after the Supreme Court agreed to hear the modification plea filed by telecom operators on giving them more time to pay off Adj...read more
Investors seem to like ICICI Prudential Life Insurance Co. Ltd’s performance for the first nine months of FY20. On Tuesday, the share price of the private sector life insurer gained in a lack...read more
State-owned ITI Ltd will come out with Rs 1,600 crore follow-on public offer (FPO) on Friday. The FPO comprises fresh issue of up to 18 crore equity shares. Besides, an additional issue constitutin...read more
Kotak Mahindra Bank Ltd’s investors had priced in a tad better performance by the private sector lender. With the stock having risen handsomely this past year, expectations were running high....read more
Power Exchange India Ltd (PXIL) has upgraded its trading platform, enabling creation of real-time power market (RTM) from Monday. The new platform called PRATYAY will allow more flexibility in tenu...read more
How much is Biocon Ltd’s fastest growing business segment worth? Based on a $75 millon investment made by a domestic private equity fund, Biocon Biologics India Ltd is worth $3 billion.
...read more
Indian shares ended lower on Tuesday, weighed down by information technology and state-owned bank stocks, as investors took profits in overbought shares toward the year end.
The NSE Nifty...read more
Automobile major Tata Motors Group's November global wholesales was lower by 15 per cent on a year-on-year (YoY) basis.
According to the group, global wholesales including those ...read more
Infosys Ltd’s shares have recovered about 60% from the lows of ₹635 apiece touched after news of a whistleblower complaint surfaced. While none of the charges have been substantiated, inves...read more
EXIM Bank of India has a huge fund corpus of $ 6-7 billion waiting to be disbursed for project exports finance and the next fiscal is likely to see an uptick in disbursements, David Rasquinha, Mana...read more
Automobile major Maruti Suzuki on Saturday reported a 4.3 per cent rise in production in November.
The company produced 1,41,834 units in November 2019, compared to 1,35,946 un...read more
Value strategy: Our recommended investment strategy is based on the principle of swings in ‘risk spread’ for mid- and small-caps over large-caps. It moved fr...read more
India's Tata Power Company Ltd, the power generation arm of the salt-to-software Tata group, wants to sell a stake in its renewable energy portfolio to global investors, its chief executive Pra...read more
The Department of Investment and Public Asset Management (DIPAM) has appointed Deloitte Touche Tohmatsu Ltd as advisor for the strategic sale of Bharat Petroleum Corporation Ltd (BPCL), which will ...read more
SpiceJet Ltd has denied a news report that it plans to raise ₹750 crore through a qualified institutional placement. The report in the Business Standard newspaper had said that the budget airline...read more
Tata Steel Europe said on Wednesday it had begun talks with its workers on a "transformation programme" that involves up to 3,000 job cuts, prompting an angry response from union leaders ...read more
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
LONDON - Vedanta, one of South Africa's biggest international investors, will process its zinc ore elsewhere unless the country can fix its power problems, the CEO of Veda...read more
India's airline major SpiceJet on Monday entered into a codeshare and interline agreement with Dubai-based Emirates airline, pending government approvals.
According to SpiceJet, ...read more
The Reserve Bank has today constituted a three-member Advisory Committee to assist the Administrator of DHFL in discharge of his duties. The members of the Advisory Committee are Rajiv Lall, Non-Ex...read more
British assessment services vendor Lloyd's Register certified the additive manufacturing business of Wipro 3D for quality assurance, said the global software major on Thursday.
&...read more
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
Yes Bank Ltd investors should be used to bad news and false hopes by now. The promise of more capital is yet to be fulfilled and skeletons from the past are still tumbling out of the cupboard.
...read more
Vodafone Idea Ltd (VIL) on Monday said that it will "suitably increase the prices of its tariffs" from December 1.
"The acute financial stress in the telecom sector ha...read more
After a slow start to the financial year, Glenmark Pharmaceuticals Ltd has been recuperating well. The firm delivered a strong dose of quarterly performance that was ahead of Street’s expecta...read more
The company reported standalone net loss during the quarter stood at Rs 16.64 crore as compared to net loss of Rs 0.20 crore in the previous year quarter. Net revenue of the company declined by 5.4...read more
The company reported standalone net loss during the quarter stood at Rs 28681.00 crore compared to net profit of Rs 6707.00 crore in the previous year quarter. Net revenue of the company decl...read more
The company reported standalone net loss during the quarter stood at Rs 15.22 crore compared to net profit of Rs 0.38 crore in the previous year quarter. Net revenue of the company declined s...read more
Replacing all Pratt & Whitney engines on IndiGo's fleet of almost 100 Airbus planes by Jan. 31, as ordered by India's aviation watchdog, will be challenging but the airline aims to comp...read more
Indian shares ended mostly flat on Monday, with gains in metal stocks and public sector banks offsetting losses in IT and auto stocks.
The NSE Nifty 50 index ended mostly unchanged at 11,...read more
OPEC's share of India's oil imports fell to 73% in October, its lowest monthly share since at least 2011, tanker data from sources showed, as refiners shipped in fuel from the United States...read more
The ink on Sterling and Wilson Solar Ltd’s (SWSL’s) initial public offering (IPO) share allotment certificates isn’t even dry yet and investors are having to grapple with a tweak ...read more
The company reported standalone net loss during the quarter stood at Rs 243.12 crore compared to net profit of Rs 41.68 crore in the previous year quarter. Net revenue of the company declined...read more
The company reported standalone net profit of Rs 362.02 crore for the quarter ended September 30, 2019 as compared to Rs 322.25 crore in the same period last year, registering a year-on-year growth...read more
The company reported standalone net profit of Rs 58.70 crore for the quarter ended September 30, 2019 as compared to Rs 31.73 crore in the same period last year, registering a year-on-year growth o...read more
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...read more
The company reported standalone net profit of Rs 207.57 crore for the quarter ended September 30, 2019 as compared to Rs 147.64 crore in the same period last year, registering a year-on-year growth...read more
India's currency, debt and equity markets will remain closed on Tuesday for a holiday.
Financial markets will resume trading on Wednesday, Nov. 13.
The broader NSE Nifty end...read more
Surrounded by all the doom and gloom around the Indian consumer sector, a paint producer got so much love from investors that it is now the most expensive stock in the country’s benchmark ind...read more
The company reported standalone net profit of Rs 52.15 crore for the quarter ended September 30, 2019 as compared to Rs 37.82 crore in the same period last year, registering a year-on-year growth o...read more
Bharat Petroleum Corporation Ltd (BPCL) has not yet received any official communication from the government on its plan to sell its 53.3% stake in public sector oil marketing company, N Vijayagopal...read more
The company reported standalone net profit of Rs 174.36 crore for the quarter ended September 30, 2019 as compared to Rs 102.18 crore in the same period last year, registering a year-on-year growth...read more
The company reported standalone net profit of Rs 39.12 crore for the quarter ended September 30, 2019 as compared to Rs 30.07 crore in the same period last year, registering a year-on-year growth o...read more
Unlike other information technology companies which are facing a slowdown in growth, the concerns for Tech Mahindra Ltd are largely to do with its profitability.
Robust order inflows notw...read more
The company reported standalone net profit of Rs 15.15 crore for the quarter ended September 30, 2019 as compared to Rs 382.66 crore in the same period last year, registering a year-on-year decline...read more
Shares of Apollo Tyres Ltd hit the skids after a disappointing September quarter (Q2FY20) performance. The stock was down about 5.3% on the National Stock Exchange in early deals on Wednesday...read more
India's cabinet is expected to evaluate a proposal to sell the government's stake in state-run Bharat Petroleum Corp next week, a government source said.
The Indian governmen...read more
The company reported standalone net loss during the quarter stood at Rs 55.54 crore as compared to net loss of Rs 55.83 crore in the previous year quarter. Net revenue of the company declined subst...read more
Indian shares closed higher on Monday, helped by the government's plan to offer further tax reforms and more capital to finance the country's infrastructure needs.
The NSE Nifty 5...read more
Indian shares extended gains on Tuesday on increasing hopes of a trade truce between the United States and China, while optimism around solid, consumer-driven economic growth in the U.S. aided sent...read more
Flipkart-owned Myntra has seen a manifold rise in net loss to Rs 539.20 crore in FY2018-19, according to regulatory documents. The fashion e-tailer had registered losses to the tune of Rs 151.22 cr...read more
We expect the co-living market to continue to grow further, Oyo Life is geared to provide over 100,000 beds by 2019-end. This is in line with Oyo's mission," said Oyo New Real Estate Busin...read more
The government has decided to ease terms of sale for Air India but it is still facing tough choice on almost half a dozen issues that could be crucial for the airline's success...read more
Two and three wheeler maker TVS Motor has entered into a partnership with Cadisa Group to strengthen its presence in the Central American region. The company's partnership with Cadisa Group wou...read more
The company reported standalone net profit of Rs 7.77 crore for the quarter ended September 30, 2019 as compared to Rs 12.58 crore in the same period last year, registering a year-on-year decline o...read more
MUMBAI : After getting its gills to breathe in troubled waters through a new chief and a new management, Yes Bank claims it has caught an investor, hook, line and sinker, to p...read more
Oyo Life, a long-term rental solutions player, aims to provide 1,00,000 beds by 2019-end, the company said on Thursday.
"We expect the co-living market to continue to grow furth...read more
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Mahanagar Gas Ltd, Shankara Building Products Ltd, Himachal Futuristic Communications Ltd and Coffee Day Enterprises Ltd are among the other gainers in the BSE's 'A' group today, 20 Aug...read more
Mangalore Refinery & Petrochemicals (MRPL) said that its refinery has been affected by a minor landslide as an aftermath of the intensified monsoon in Dakshina Kannada district, hence as a prec...read more
ITD Cementation India Ltd, Mahanagar Gas Ltd, Venkys (India) Ltd, Housing Development Finance Corporation Ltd are among the other stocks to see a surge in volumes on BSE today, 20 August 2019.
...read more
The stock debuted at Rs 700, a discount of 10.26% to the initial public offer (IPO) price. So far the stock hit a high of Rs 755.50 and low of Rs 691. On BSE, so far 1.40 lakh shares were traded on...read more
The Himachal Futuristic Communications (HFCL) scrip is currently trading higher by 5.84% at Rs 19.95. On the BSE, 1.94 lakh shares were traded in the counter so far. The stock gyrated in range of R...read more
AXISCADES Engineering Technologies Ltd gained 5.02% today to trade at Rs 64.85. The S&P BSE IT Sector index is up 1.01% to quote at 15697.32. The index is up 1.57 % over last one month. Among t...read more
Steel Authority of India Ltd lost 1.53% today to trade at Rs 35.5. The S&P BSE Metal index is down 0.64% to quote at 8847.6. The index is down 13.59 % over last one month. Among the other const...read more
These steps will reportedly give creditors majority stake in the embattled housing finance company and help resume stalled credit lines. The Reserve Bank of India (RBI), however,...read more
Inox Wind Ltd, Reliance Capital Ltd, Cox & Kings Ltd and Reliance Communications Ltd are among the other losers in the BSE's 'A' group today, 19 August 2019.
Vodafone Idea...read more
Hindustan Aeronautics' consolidated net profit rose 33.4% to Rs 463.11 crore on a 17% increase in net sales to Rs 3,291.44 crore in Q1 June 2019 compared with Q1 June 2018. The result was annou...read more
Meanwhile, the S&P BSE Sensex was up 334 points or 0.90% to 37292.11.
On a consolidated basis, NMDC's net profit rose 21.1% to Rs 1171.56 crore on a 34.8% rise in the net sales to...read more
Hathway Cable & Datacom Ltd, Whirlpool of India Ltd, Mphasis Ltd, Asahi India Glass Ltd are among the other stocks to see a surge in volumes on BSE today, 14 August 2019.
HDFC Life In...read more
The stock was currently trading lower by 8.53% at Rs 381.45. The stock hit a 52-week low of Rs 379.65 in intraday trade today, 14 August 2019. It has corrected sharply from a 52-week high of Rs 711...read more
Shares of the National Aluminum Company (Nalco) are currently trading lower by 8.04% at Rs 39.45. The state-run aluminium producer's consolidated net profit dropped 84.4% to Rs 97.87 crore on a...read more
The stock is currently trading 2.21% lower at Rs 199.25. The stock hit a high of Rs 209.4 and a low of Rs 197.55 so far during the day. Meanwhile, the S&P BSE Sensex was up 98 points or 0.27% t...read more
Glenmark Pharmaceuticals Ltd lost 6.88% today to trade at Rs 388.3. The S&P BSE Healthcare index is down 1.8% to quote at 12351.59. The index is down 5.08 % over last one month. Among the other...read more
Jindal Steel & Power Ltd rose 3.48% today to trade at Rs 98.05. The S&P BSE Metal index is up 1.35% to quote at 8864.43. The index is down 15.85 % over last one month. Among the other const...read more
Meanwhile, the S&P BSE Sensex was up 170 points or 0.46% to 37127.75.
The oil and gas major's consolidated net profit fell 19.39% to Rs 6,693.61 crore on 0.77% decline in net sale...read more
Tips Industries Ltd, Tainwala Chemicals & Plastics (India) Ltd, Hathway Cable & Datacom Ltd and Reliance Industrial Infrastructure Ltd are among the other gainers in the BSE's 'B...read more
Network 18 Media & Investments Ltd, Indiabulls Housing Finance Ltd, Reliance Industries Ltd and TV18 Broadcast Ltd are among the other gainers in the BSE's 'A' group today, 13 Augus...read more
The company's stock rose 1.01% to Rs 149.40 at 10:11 IST on BSE. The result was announced on Saturday, 10 August 2019.
Meanwhile, S&P BSE Sensex was down 164.15 points or 0.44% at...read more
The result was announced on Saturday, 10 August 2019.
Meanwhile, the S&P BSE Sensex was down -139 points or 0.37% to 37442.66.
On BSE, 154 shares were traded in Premier Expl...read more
Vodafone Idea Ltd lost 7.28% today to trade at Rs 4.97. The S&P BSE Telecom index is down 3.42% to quote at 929.63. The index is down 6.82 % over last one month. Among the other constituents of...read more
MEP Infrastructure Developers Ltd, Chromatic India Ltd, Themis Medicare Ltd and SEL Manufacturing Company Ltd are among the other gainers in the BSE's 'B' group today, 17 July 2019.
...read more
CG Power & Industrial Solutions Ltd, Reliance Infrastructure Ltd, Reliance Capital Ltd and Multi Commodity Exchange of India Ltd are among the other gainers in the BSE's 'A' group t...read more
The announcement was made after market hours, yesterday, 16 July 2019.
Meanwhile, the S&P BSE Sensex was up by 137.83 points or 0.35% to 39,268.88.
On the BSE, 13.68 lakh sh...read more
Birlasoft Ltd, Prestige Estates Projects Ltd, Tata Motors Ltd and Tata Motors-DVR are among the other gainers in the BSE's 'A' group today, 16 July 2019.
Sadbhav Engineering L...read more
The announcement was made during trading hours today, 16 July 2019.
Meanwhile, S&P BSE Sensex was up 112.28 points or 0.29% at 39,008.99.
On BSE, 27,000 shares were traded i...read more
