Apollo Tyres Ltd stock has tanked 26% in just two trading sessions, hitting a 52-week low of Rs96.7 on Thursday. This may be in line with the fall in the broader market where the BSE Sensex has shed nearly one-fifth of its value in seven trading sessions in March so far but...read more
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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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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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.
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
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
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
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
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
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
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
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
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
