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Airtel acquires 10stake in fitness content firm Spectacom

Bharti Airtel on Thursday acquired 10 per cent stake in a fitness startup, Spectacom Global Pvt Ltd.

"The stake Airtel acquired in Spectacom is in early double digits," the...read more

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Bear market Massive fund outflow push markets to biggest ever fall

A massive outflow of foreign funds worth Rs 3,475.29 crore from India's domestic stock markets -- S&P BSE Sensex and NSE Nifty50 -- on Thursday led to the biggest ever single day fall on th...read more

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WHO declares coronavirus outbreak a pandemic

The World Health Organization declared the coronavirus outbreak a pandemic, saying cases outside China have risen 13-fold. The US National Institute of Allergy and Infectious Diseases director Anth...read more

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Reliance Industries Ltds 2019 AGM led to a rerating of the stock now its back to square one

Reliance Industries Ltd’s (RIL) shares are now below the levels seen on 9 August last year, before its last annual general meeting (AGM), when the firm laid out a net debt reduction plan.

...read more

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Yes Bank had about 88 billion rupees ($1.2 billion) in AT1 capital as of March 2019, its annual report showed, under the Basel III framework. Investors included Nippon India Mutual Fund, Franklin T...read more

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BPCL disinvestment starts off on right note; some challenges stay

Shares of Bharat Petroleum Corp. Ltd (BPCL) stood out with a more than 5% gain on Monday, amid the carnage in equities, with investors perceiving almost any news to be bad news.

This coul...read more

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Virus chokes Tata Motors growth engine

The road to recovery for Tata Motors Ltd’s subsidiary Jaguar Land Rover Ltd (JLR) has been hit by the Covid-19 outbreak. The impact on its business has been immense. Tata Motors’ sales,...read more

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SBI cuts fixed deposit FD rates for second time in a month

State Bank of India or SBI, India's biggest Bank, has cut interest rates on fixed deposits or FDs for second time in a month. The revised rates came into effect from 10th March. SBI had earlier...read more

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TeamLease Service Q3 net profit up 7 06 at Rs 27 13 cr

The company reported standalone net profit of Rs 27.13 crore for the quarter ended December 31, 2019 as compared to Rs 25.34 crore in the same period last year, registering a year-on-year growth of...read more

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Nifty Sensex fall for second day as China virus fears persist

Indian shares on Tuesday gave up early gains to settle lower for a second straight day, as worries persisted about the economic impact of the coronavirus outbreak.

The death toll from the...read more

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Markets open on a positive note on Wednesday

The Sensex of the BSE opened at 41,131.57 points and touched a high of 41,199.51 points. The Sensex touched a low of 41,131.57 points.

On Tuesday, the Sensex closed at 40,966.86 poi...read more

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Higher Section 80C income tax deduction will encourage more savings

The government has been making earnest endeavours to lift the sentiment of industry and public through populist measures such as reduction in corporate tax and indicative relief in personal tax rat...read more

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Maruti Suzuki increases price of select models

Maruti Suzuki India on Monday announced an increase in prices for select models, with immediate effect, due to increase in input costs.

In a statement, the automobile major said that...read more

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Airtel partners with Western Union for real time global payments

Telecom major Bharti Airtel on Wednesday entered into a partnership with global money transfer company Western Union to launch real-time payments into bank accounts in India and mobile wallets acro...read more

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Oil India moves SC on its order over AGR dues

State-owned Oil India Ltd (OIL), the country's second-largest public sector oil and gas producer, has filed a clarificatory/modificatory petition in the Supreme Court on its earlier order which...read more

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HFCL Q3 net profit up 2 54 at Rs 49 65 cr

The company reported standalone net profit of Rs 49.65 crore for the quarter ended December 31, 2019 as compared to Rs 48.42 crore in the same period last year, registering a year-on-year growth of...read more

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Nifty Sensex slip after weak corporate results gloomy IMF forecast

 Indian shares fell for a second straight day on Tuesday following a slew of weak earnings from top companies and as the International Monetary Fund (IMF) cut its growth forecast for Asia'...read more

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India among top 10 FDI recipients attracts $49 bn inflows in 2019 UN Report

India was among the top 10 recipients of Foreign Direct Investment in 2019, attracting USD 49 billion in inflows, a 16 per cent increase from the previous year, driving the FDI growth in South Asia...read more

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Nifty Sensex settle lower on weak earnings growth concerns

Indian shares ended lower for a second straight session on Tuesday, as a string of weak earnings reports and a cut in the International Monetary Fund's (IMF) growth forecast for the country wei...read more

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Markets open on a positive note on Wednesday morning

The Sensex of the BSE opened at 41,467.13 points and touched a high of 41,532.29 points. The Sensex touched a low of 41,451.71 points.

On Tuesday the Sensex closed at 41,323.81 point...read more

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Stocks to Watch RIL Zee Entertainment HDFC AMC NBCC IDBI Bank

The Competition Commission of India has approved the divestment of Reliance Jio Infocomm Ltd’s telecom tower assets to Canada's Brookfield Infrastructure Partners LP and other investors. ...read more

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Uber sells Indian food delivery arm to Ant Financial backed Zomato

Uber has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China's Ant Financial, limiting its exposure to a crowded m...read more

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Sensex down 90 pts Nifty below 12 200

The benchmark Sensex opened lower on Tuesday after the International Monetary Fund (IMF) slashed India's 2019 growth estimates to 4.8 per cent from 6.1 per cent.

IMF cited a shar...read more

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Sensex Nifty surge as easing Middle East tensions steady crude prices

BENGALURU - Indian shares rose on Thursday, as crude prices steadied after U.S.-Iran tensions appeared to ebb, bringing relief to the world's No. 3 oil consumer.

...read more

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Draft EoI for privatisation of Air India finalised

Centre has finalised the draft Expression of Interest for privatisation of Air India, a senior government official said on Tuesday.

According to the official, the EoI inviting bids f...read more

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Sobhas sales up but weak realizations and rising debt are playing spoilsport

Bengaluru-based real estate developer Sobha Ltd’s overall sales volumes during Q3 FY20 rose by an impressive 17% year-on-year. Yet, this may not satisfy investors given that in value terms, t...read more

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RBL Bank launches 3 credit cards for millennials

Private sector RBL Bank on Monday announced the launch of three credit card variants - the Popcorn Credit Card, Monthly Treats Credit Card and World Safari Credit Card - focused primarily towards m...read more

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Why HDFC Asset Management shares continue to outclass its equity funds

HDFC Asset Management Co. (AMC) Ltd’s top-performing equity funds have delivered returns of just about 11% in the past one year. By comparison, the HDFC AMC’s stock returned about 93%, ...read more

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A touch of reality to ICICI Bank investors recent exuberance

The management of ICICI Bank Ltd made all the right noises at its analyst day last week, and the resulting exuberance is seen in the stock. Since then, the stock has risen over 3%, taking the total...read more

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Airtel launches Wi Fi calling services Jio may follow

Airtel has launched Wi-Fi calling after testing it for months, but for now it will work only on Airtel Xstream Fiber and on select smartphones.

The Wi-Fi calling is being rolled out ...read more

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Nifty edge higher on auto metal stocks strength

Indian shares ended higher on Monday, as gains in auto and metal stocks offset losses in information technology and consumer sectors.

The NSE Nifty 50 index  ended 0.13% higher at 11...read more

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VIL shares tank 6 after Birlas comment

Vodafone Idea (VIL) on Monday closed 6 per cent lower on the BSE as investors reacted to the company's Chairman Kumar Mangalam Birla's statement that VIL will shut its business in the absen...read more

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Tata Motors to add another 100 sales outlets for passenger vehicles this fiscal

Auto major Tata Motors plans to add 100 sales outlets for passenger vehicles by the end of the current fiscal as it aims to enhance its reach in the country, a senior company official said.

...read more

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Stocks to Watch Yes Bank HDFC Bharti Airtel Hero MotoCorp PC Jeweller

The board of the bank is scheduled to meet today to finalise its fundraising plans. The bank has indicated that it has so far received offers worth $3 billion from potential investors. Separately, ...read more

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SBI cuts lending rate by 10 bps to 7 90

The State Bank of India (SBI) on Monday announced a 10 basis points cut in one-year marginal cost of funds-based lending rate (MCLR), effective from December 10. It will bring SBI's one-year MC...read more

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ITPCL reports 82 PLF may turn profitable soon

IL&FS Tamil Nadu Power Company (ITPCL) recorded an all-time high plant load factor (PLF) of 82 per cent in the 8 months of this financial year.

According to a company statement, ...read more

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Axis Banks CFO Jairam Sridharan steps down

 Axis Bank on Friday said that its Group Executive and Chief Financial Officer (CFO) Jairam Sridharan has resigned and would serve his three-month notice period.

In a regulatory...read more

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With 3500cr war chest Dabur looks to buy firms,expand in rural India

Dabur India Ltd., the household goods maker controlled by the billionaire Burman family, is willing to spend part of its about $500 million cash reserve to acquire companies and revive sales that g...read more

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Bajaj Auto introduces Husqvarna brand of premium bikes

India’s second largest motorcycle manufacturer, Bajaj Auto Ltd (BAL) has introduced the Husqvarna brand of bikes for the domestic market today in Goa. The Pune-based company has unveiled two ...read more

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Stocks to Watch Axis Bank Bharti Airtel Maruti Suzuki Reliance Capital Yes Bank

Axis Bank: The private lender, after market hours on Friday, said its group executive and chief financial officer Jairam Sridharan stepped down as he plans to pursue other car...read more

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Reliance in talks to sell news assets to Times Group Media

 Reliance Industries Ltd, owned by Asia's richest man Mukesh Ambani, is in talks to sell its news assets to India's Times Group, Bloomberg reported on Thursday.

Bennett Colem...read more

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HDFC Bank forms panel to find successor to Puri

Lending major HDFC Bank has formed a committee to find a successor to Aditya Puri, the current Managing Director of the Bank.

Accordingly, Puri's tenure as the bank's MD ends...read more

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Over 1350 permanent staff join back duties: HMSI

Two-wheeler major Honda Motorcycle & Scooter India (HMSI) on Wednesday said that over 1,350 permanent staff associates have joined back duties.

According to the company, last bat...read more

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Vistara begins Mumbai Colombo flight service

Full-service carrier Vistara on Monday commenced its flight service between Mumbai and Colombo.

"The airline now flies daily (except Wednesdays) between Mumbai and Colombo, maki...read more

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Reliance Naval surges nearly 1000 in last eleven weeks

Shares of Reliance Naval and Engineering Ltd, an Anil Dhirubhai Ambani Group company, have jumped nearly 1000% in the last eleven weeks even as the company has continued to post losses and faces ca...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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Report on Recent Developments & Equity Markets Emkay Wealth Management

In the equity market analytics that we follow, the following factors are considered while taking a view of the markets. In view of the frontline indices moving up to higher levels we have revisited...read more

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InterGlobe Aviation shares down over 2 after DGCA directive

Shares of InterGlobe Aviation Ltd, promoters of budget carrier IndiGo, bucked the broader market trend to trade lower on Tuesday. At 2.50 pm, the stock was down 2.1% at ₹1,419.50, having touched ...read more

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RITES` 10 stake sale fetches Rs 729 cr to government

The government undertook Offer for Sale (OFS) for 10% of paid-up equity in RITES Limited on November 22-25. The Base offer was fully subscribed (100.01%) with disinvestment proceeds of Rs 729.44 Cr...read more

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Oyos bright view of Oyo five years from now

If your company’s valuations are growing leaps and bounds year after year, your revenue and profit projections, too, had better keep pace. In the case of SoftBank-backed Oyo Hotels and Homes,...read more

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Moodys reviews BPCL rating for downgrade on govt sell off

Moody's Investors Service on Tuesday said it has placed state-run Bharat Petroleum Corp Ltd's (BPCL) rating on review for downgrade after the government decided to privatise the country'...read more

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IndiGo must step up efforts to replace aircraft with problem Pratt Whitney engines DGCA

 India's air safety watchdog said IndiGo must do more to fix its aircraft fitted with Pratt & Whitney engines, linked to in-flight shutdowns, as it fears the budget airline may not mee...read more

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Trent stock in vogue managing expansion is key to sustaining valuations

Shares of Trent Ltd have risen nearly 40% this fiscal year. The company is on an expansion mode and at the same time delivering in terms of financial performance. This is helpful, especially at a t...read more

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Vistara begins Mumbai-Colombo flight service

The airline now flies daily (except Wednesdays) between Mumbai and Colombo, making it the first to offer the choice of Premium Economy Class for travel between India and Sri Lanka, in addition to E...read more

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Why NBCC Indias order wins are no longer exciting its shareholders

 Shares of NBCC (India) Ltd fell 2.8% on Tuesday despite the state-run company winning a new order from the government. The ₹500 crore project will add to the consultancy firm’s order ...read more

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Technical glitches causing financial loss: Brokers to NSE

 

Stock brokers have written to the National Stock Exchange (NSE) stating that they are incurring financial losses owing to the repeated technical glitches in the NSE software.
...read more

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Zee shares surge 10 as Subhash Chandra to sell stake to repay debt

Shares of Zee Entertainment Enterprises Ltd on Thursday surged over 10% after Subhash Chandra-led Essel Group said it will sell 16.5% in the company to financial investors to repay debt. Of the tot...read more

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Indias bankruptcy code set to face huge test in DHFL case

 India's bankruptcy-resolution process has just begun to find its feet with recent precedent-setting court rulings, but bankers, lawyers and insolvency experts say the system is about to f...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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Toyota India launches fast track loan facility for customers

Japanese car maker Toyota India on Thursday launched a facility for fast tracking car loans to its customers within 30 minutes of their applying.

"The new service named 'Tat...read more

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Lloyds certifies Wipro 3D for metal additive manufacturing

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

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NBCC has over Rs 1660 cr dues towards vendors

State-run construction major NBCC (India) has dues of around Rs 1,668 crore towards its vendors, according to the Ministry of Housing and Urban Development.

The disclosure comes at a...read more

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Lloyds certifies Wipro 3D for metal additive manufacturing

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

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Technical glitches causing financial loss: Brokers to NSE

 

Stock brokers have written to the National Stock Exchange (NSE) stating that they are incurring financial losses owing to the repeated technical glitches in the NSE software.
...read more

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RIL market cap hits 9 5 lakh crore a first for an Indian company

Shares of Reliance Industries rallied as much as 3.4% today to a new high of ₹1,508, pushing its market cap past the ₹9.5 lakh crore mark - the first by an Indian company. In comparison, the Se...read more

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Compuage Infocom Ltd Q2 net profit jumps 51 at Rs 10 cr

The company reported standalone net profit of Rs 10.38 crore for the quarter ended September 30, 2019 as compared to Rs 6.85 crore in the same period last year, registering a year-on-year growth of...read more

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Bartronics India Ltd posts Q2 net loss of Rs 13 cr

The company reported standalone net loss during the quarter stood at Rs 13.26 crore as compared to net loss of Rs 34.26 crore in the previous year quarter. Net revenue of the company declined moder...read more

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ArcelorMittal willing to re-commit to Ilva steel plant on three conditions -paper

ArcelorMittal is drafting a plan to re-commit to the 2018 deal, under which it bought the troubled Ilva steel plant in southern Italy, on three conditions, Il Messaggero daily reported on Monday....read more

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Vodafone Idea to raise tariffs from December 1

 

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 ...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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Dish TV India posts Q2 net loss of Rs 50 cr

The company reported standalone net loss during the quarter stood at Rs 50.75 crore compared to net profit of Rs 32.44 crore in the previous year quarter.  Net revenue of the company declined ...read more

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Surya Roshni Ltd Q2 net profit down 10 at Rs 22 cr

The company reported standalone net profit of Rs 22.62 crore for the quarter ended September 30, 2019 as compared to Rs 25.15 crore in the same period last year, registering a year-on-year decline ...read more

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Tata Motors to raise Rs 500 cr through NCDs

 

Tata Motors on Thursday said that it will raise Rs 500 crore through private placement of non-convertible debentures (NCD).

In a regulatory filing, the company said ...read more

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Ashoka Buildcon Q2 net profit up 17 at Rs 72 cr

The company reported standalone net profit of Rs 72.69 crore for the quarter ended September 30, 2019 as compared to Rs 62.09 crore in the same period last year, registering a year-on-year growth o...read more

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Fermenta Biotech posts Q2 net profit of Rs 32 cr

The company reported standalone net profit during the quarter stood at Rs 32.66 crore compared to net loss of Rs 13.20 crore in the previous year quarter. Net revenue of the company rose three fold...read more

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SML Isuzu posts Q2 net loss of Rs 17.82 cr

The company reported standalone net loss during the quarter stood at Rs 17.82 crore as compared to net loss of Rs 7.74 crore in the previous year quarter. Net revenue of the company declined substa...read more

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MMTC Q2 net profit down 25 at Rs 23 cr

 

The company reported standalo...read more

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Navneet Education Q2 net profit jumps 46 at Rs 42 cr

The company reported standalone net profit of Rs 42.50 crore for the quarter ended September 30, 2019 as compared to Rs 28.92 crore in the same period last year, registering a year-on-year growth o...read more

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coffee day

NEW DELHI : Coffee Day Enterprises has announced a delay in its second quarter results. “Due to the ongoing probe in the books of accounts of the company and its subsidi...read more

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ABB India pulls off strong profit growth order flow woes remain

ABB India Ltd’s stock rose 2.8% after the capital goods manufacturer clocked an impressive growth in revenue and profits in spite of the current slowdown.

Restructuring by the India...read more

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HAL net soars 116 in Q2

 

State-run defence major Hindustan Aeronautics Ltd (HAL) on Wednesday reported Rs 621-crore net profit for the second quarter (Q2) of fiscal 2019-20, registering a 116 per cent annu...read more

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BSE seeks clarification on new whistleblowers complaint

 

The BSE on Wednesday sought clarification from Infosys over news of a second whistleblower accusing Infosys Chief Executive Officer Salil Parekh of misconduct.

IANS ...read more

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Mindtree sale brews Coffee Day net in Q1

Coffee Day Enterprise Ltd (CDEL) on Wednesday reported Rs 1,509 crore net profit for the first quarter (Q1) of fiscal 2019-20, on the back of Rs 1,659 crore-gain from the sale of equity stake held ...read more

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CG Power seeks recovery of Rs 3400 cr from several firms

 

Cash-strapped CG Power has as...read more

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Symphony Q2 net profit jumps 67 at Rs 57 cr

The company reported standalone net profit of Rs 57.00 crore for the quarter ended September 30, 2019 as compared to Rs 34.00 crore in the same period last year, registering a year-on-year growth o...read more

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MothersonSumiSystems Q2 net profit down 36 at Rs 174 cr

The company reported standalone net profit of Rs 174.23 crore for the quarter ended September 30, 2019 as compared to Rs 273.37 crore in the same period last year, registering a year-on-year declin...read more

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Stocks in News Ashok Leyland ICICI Bank JSW Steel Bank of Baroda Lupin

Here is a list of top stocks that are buzzing in early trade on Monday:

Ashok Leyland: Shares slipped nearly 3% in early deals as the company on Friday reported a wh...read more

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Stocks in News Ashok Leyland ICICI Bank JSW Steel Bank of Baroda Lupin

 Here is a list of top stocks that are buzzing in early trade on Monday:

Ashok Leyland: Shares slipped nearly 3% in early deals as the company on Friday reporte...read more

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Sensex Nifty end flat awaiting crucial macro data

Indian financial markets closed with minor gains on Monday as investors traded cautiously ahead of the release of September industrial production and manufacturing output data.

Led b...read more

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Discontent in ITS officers of BSNL MTNL after govt revival package

At a time when the revival package for BSNL and MTNL has been announced, demoralised Indian Telecom Service (ITS) officers of the companies have sought the intervention of the government.
...read more

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M M As auto continues to sulk the Street seeks solace from tractor business

Auto major Mahindra and Mahindra’s (M&M) September quarter results weren’t too bad keeping in mind the current slump in demand,

Volumes declined in both the automotive and...read more

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Cabinet may take up BPCL privatisation this month

 

New Delhi Union Cabinet is likely to take up the strategic disinvestment of the entire stake of government of India along with transfer of management control ...read more

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Sensex flat ahead of key macro figures release

 

Sensex traded on a flat note ...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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GNA Axles Q2 net profit up 37 at Rs 22 cr

The company reported standalone net profit of Rs 22.28 crore for the quarter ended September 30, 2019 as compared to Rs 16.24 crore in the same period last year, registering a year-on-year growth o...read more

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Vardhman Textiles Lt Q2 net profit down 38.84% at Rs 120 cr

The company reported standalone net profit of Rs 120.04 crore for the quarter ended September 30, 2019 as compared to Rs 196.26 crore in the same period last year, registering a year-on-year declin...read more

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Ambika Cotton Mi Q2 net profit down 30 at Rs 11 cr

The company reported standalone net profit of Rs 11.79 crore for the quarter ended September 30, 2019 as compared to Rs 16.94 crore in the same period last year, registering a year-on-year decline ...read more

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Dr Lal Pathlabs Ltd Q2 net profit jumps 44 02 at Rs 79 50 cr

The company reported standalone net profit of Rs 79.50 crore for the quarter ended September 30, 2019 as compared to Rs 55.20 crore in the same period last year, registering a year-on-year growth o...read more

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Future Enterprises Q2 net profit zooms 132 at Rs 16 cr

 

The company reported standalone net profit of Rs 16.22 crore for the quarter ended September 30, 2019 as compared to Rs 6.99 crore in the same period last year, registering a year-...read more

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Sandhar Technologies Q2 net profit down 28 at Rs 18 cr

The company reported standalone net profit of Rs 18.58 crore for the quarter ended September 30, 2019 as compared to Rs 26.04 crore in the same period last year, registering a year-on-year decline ...read more



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