adani tech gains price jumps industries results india nifty sensex live tata bank pharma update finance pat today falls trade updates closes weekly return revenue
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Adani Energy, Adani Green Shares Jump As Q1 Revenues Swell
Adani Green Energy's net profit surged 95% YoY to Rs 629 crore in the April-June quarter.51 minutes ago — Bloomberg Quint- Jupiter Wagons Shares Gain After Q1 Profit Beats Estimates 51 minutes ago — Bloomberg Quint
- Cyient Shares Tumble After Q1 Profit Fall Prompts Nuvama Target Price Cut 51 minutes ago — Bloomberg Quint
- Motilal Oswal Financial Services Q1 result: Profit jumps 52% to Rs 1,021 cr 51 minutes ago — Business Standard
- Chalet Hotels Q1 Results: Revenue Up 16%, Profit Falls 51 minutes ago — Bloomberg Quint
- DLF Q1 Results: Profit Up 22.5%, But Misses Estimates 51 minutes ago — Bloomberg Quint
- Mahanagar Gas Q1 Results: Profit Up 7.4% 51 minutes ago — Bloomberg Quint
- Tech Mahindra Q1 Results: Profit Rises 30%, Meets Estimates 51 minutes ago — Bloomberg Quint
- Airtel Africa Posts Profit In Q1 Amid Finance Cost Reductions 51 minutes ago — Bloomberg Quint
- AU Small Finance Bank Q1 Results: Profit Rises 30%, Meets Estimates 51 minutes ago — Bloomberg Quint
- Adani Green Energy Q1 Results: Profit Nearly Doubles To Rs 629 Crore 51 minutes ago — Bloomberg Quint
- Ashok Leyland Shares Fall After Profit Declines In Q1 51 minutes ago — Bloomberg Quint
- Canara Bank Q1 Results: Profit Up 10.5% On Lower Provisions 51 minutes ago — Bloomberg Quint
- Nestle Announces Interim Dividend Of Rs 2.75 Apiece 51 minutes ago — Bloomberg Quint
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HCLTech Launches Enterprise AI Foundry On Microsoft Azure
Using Azure AI Studio, Azure OpenAI Service, and Cognitive Services, the foundry will help expedite AI solution development and deployment and establish an AI-ready data foundation.55 minutes ago — Bloomberg Quint -
Tech Mahindra Launches VerifAI, Gen AI Validation Solution For Enterprises
Through the solution, the company aims to help enterprises validate the end-to-end lifecycle of AI-based projects, enabling them to scale and speed up their AI initiatives.57 minutes ago — Bloomberg Quint -
FIIs cash out from equities post Budget 2024 on capital gains tax tweaks
FIIs net sold stocks worth Rs 10,712 crore in the cash market, and index futures worth Rs 10,336 crore in the derivatives segment in the three trading sessions post Budget 2024.60 minutes ago — Business Standard -
Sanstar share price jumps 19% after listing. What should investors do?
Sanstar Stock Update: Sanstar shares climbed 19% on debut but underperformed expectations, prompting expert advice for profit booking due to elevated valuations.1 hour ago — Economic Times -
VST Industries shares jump 7% on bonus share announcement, Q1 results
VST Industries' shares surged 7.4% after the company announced a 10:1 bonus share issue, despite reporting a 36% YoY decline in PAT for the June quarter. The record date for determining shareholder eligibility is August 30. Shares will be credited by September 24.1 hour ago — Economic Times- VST Industries bonus: Radhakishan Damani stock to issue shares in 10:1 ratio 1 hour ago — Economic Times
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Share price of Havells India rises as Nifty strengthens
A total of 13,390 shares changed hands on the counter till 11:52AM (IST).1 hour ago — Economic Times- Voltas shares gain 2.28% as Sensex rises 1 hour ago — Economic Times
- Ambuja Cements share price up 0.64 per cent 1 hour ago — Economic Times
- GAIL shares up 0.83% as Nifty gains 1 hour ago — Economic Times
- Chola Inv Finance shares up 2.41% as Sensex rises 1 hour ago — Economic Times
- PI Industries shares gain 3.14% as Sensex rises 1 hour ago — Economic Times
- Share price of Ashok Leyland jumps as Sensex gains 488.7 points 1 hour ago — Economic Times
- Mphasis shares gain 5.7% as Sensex rises 1 hour ago — Economic Times
- Max Healthcare share price down 2.71 per cent 1 hour ago — Economic Times
- SBI Card shares drop 1.21% as Sensex falls 1 hour ago — Economic Times
- Voltas shares fall 2.31% as Nifty drops 1 hour ago — Economic Times
- PI Industries share price up 0.4 per cent 1 hour ago — Economic Times
- Shree Cements shares decline 0.31% as Sensex slides 1 hour ago — Economic Times
- Share price of Bharat Forge falls as Nifty weakens 1 hour ago — Economic Times
- LTIMindtree shares down 1.15% as Nifty drops 1 hour ago — Economic Times
- Info Edge shares drop 1.3% as Sensex falls 1 hour ago — Economic Times
- Indian Oil Corp. shares up 3.31% as Nifty drops 1 hour ago — Economic Times
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Ashok Leyland MD on Q1 results, plans to list subsidiaries & more
Ashok Leyland, led by CEO Shenu Agarwal, expressed strong potential in its subsidiaries like Hinduja Leyland Finance, Hinduja Housing Finance, and Hinduja Technologies. Despite election impacts, Q1 volumes hit record highs. Prospects look promising for FY25. Agarwal also says that a lot of positive momentum is building and he expect sQ2 also will be good.1 hour ago — Economic Times -
Megacap stock selloff shows investor concerns about too much tech
The megacap stocks - dubbed, with Meta Platforms and Apple, the Magnificent Seven - have accounted for around a third of the S&P 500's 14% gain in 2024, making their trajectories a key factor in how broader markets will perform1 hour ago — The Hindu Business -
Stock Market LIVE: Infosys, Bharti Airtel, RIL push Sensex 600 pts higher; Nifty Metal up 3%
Stock Market LIVE updates, July 26: Indian bourses were trading in green on Friday, with BSE Sensex adding 693 points to 80,733, while the Nifty50 index rose by 245 points to 24,651 levels1 hour ago — Business Standard- Stock Market LIVE: Broader indices outperform benchmarks; MidCap index up 2% 1 hour ago — Business Standard
- Stock Market LIVE: Sensex soars 300 pts, Nifty crosses 24,500; Bharti Airtel, Infosys up 2% each 1 hour ago — Business Standard
- Stock Market LIVE: GIFT Nifty flat; Cyient, IndiGo, Sobha, AU SFB in focus; Sanstar to list today 1 hour ago — Business Standard
- Stock Market LIVE: Asia rebounds on US Fed rate cut bets; Hang Seng up 1% 1 hour ago — Business Standard
- Stock Market LIVE: Sensex, Nifty turn flat; broader indices continue to struggle 1 hour ago — Business Standard
- Stock Market LIVE: Sensex tests 80k mark, down 100 pts; Nifty nears 24,400 1 hour ago — Business Standard
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Tata Consumer Products, Federal Bank among 5 stocks with short buildup
A short buildup occurs with rising open interest and volumes alongside falling stock prices in the Futures and Options segment, indicating growing bearish expectations.1 hour ago — Economic Times- Eicher Motors, Mphasis among 5 stocks with long buildup 1 hour ago — Economic Times
- Axis Bank, Jindal Steel & Power among 5 stocks with short buildup 1 hour ago — Economic Times
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OpenAI introduces SearchGPT: What is it, how it works, availability, more
Unlike traditional search engines such as Google Search, SearchGPT from OpenAI presents real-time web results in a more conversational manner and remembers context for follow up questions1 hour ago — Business Standard -
Taiwanese rocket startup may be early test of Japan's space hub plans
The planned suborbital launch by TiSpace has faced regulatory hurdles and delays amid questions over whether Japan should embrace overseas business as part of its effort to double the size of its 4 trillion yen ($26 billion) space industry over the next decade1 hour ago — The Hindu Business -
Why are largecap banks underperforming? Sandip Sabharwal explains
Indian markets have held up, but given the overall result construct as well as the valuations at this stage, this is a time to be cautious in the markets. I would think that markets need to give up some gains for them to come to levels where fresh money can be put to work.1 hour ago — Economic Times -
Sun Pharma receives US FDA approval for drug to treat alopecia areata
Alopecia areata, an autoimmune disorder characterised by hair loss, affects approximately 700,000 individuals in the US, with 300,000 experiencing severe forms of the condition1.5 hours ago — Business Standard -
ICICI Pru Life shares rise 3.3% as Nifty gains
The stock quoted a 52-week high price of Rs 724.55 and a 52-week low of Rs 463.5.1.5 hours ago — Economic Times- Vedanta shares up 2.83% as Nifty gains 1.5 hours ago — Economic Times
- Chola Inv Finance declines 2.49% as Sensex slides 1.5 hours ago — Economic Times
- Mphasis declines 1.0% as Sensex slides 1.5 hours ago — Economic Times
- Vedanta shares down 1.57% as Nifty falls 1.5 hours ago — Economic Times
- BEL shares rise 0.08% as Nifty drops 1.5 hours ago — Economic Times
- Avenue Supermart declines 0.51% as Sensex slides 1.5 hours ago — Economic Times
- Indian Oil Corp. shares up 3.31% as Nifty drops 1.5 hours ago — Economic Times
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Gold Sales May See 15% Growth On Customs Duty Cut, Says Senco’s Suvankar Sen
In the first quarter, high prices caused some consumer hesitation. However, the current lower prices are likely to stimulate buying activity, according to him.1.5 hours ago — Bloomberg Quint -
Stock market update: Nifty Bank index advances 0.03% in an upbeat market
The Nifty Bank index was trading 0.03 per cent up at 50905.25.1.5 hours ago — Economic Times- Stock market update: Nifty Pharma index advances 1.86% in an upbeat market 1.5 hours ago — Economic Times
- Stock market update: Nifty IT index advances 1.76% in an upbeat market 1.5 hours ago — Economic Times
- Share market update: Most active stocks on D-Street today in terms of volume 1.5 hours ago — Economic Times
- Stock market update: Sugar stocks up as market rises 1.5 hours ago — Economic Times
- Share market update: Most active stocks of the day in terms of total traded value 1.5 hours ago — Economic Times
- Stock market update: Nifty Realty index advances 1.6% in an upbeat market 1.5 hours ago — Economic Times
- Stock market update: FMCG stocks down as market rises 1.5 hours ago — Economic Times
- Stock market update: Mining stocks down as market falls 1.5 hours ago — Economic Times
- Stock market update: Nifty IT index falls 0.15% 1.5 hours ago — Economic Times
- Stock market update: Power stocks up as market falls 1.5 hours ago — Economic Times
- Stock market update: Nifty Realty index falls 0.83% 1.5 hours ago — Economic Times
- Stock market update: Fertilisers stocks down as market falls 1.5 hours ago — Economic Times
- Stock market update: Nifty Pharma index advances 0.94% 1.5 hours ago — Economic Times
- Stock market update: Sugar stocks down as market falls 1.5 hours ago — Economic Times
- Stock market update: Nifty Bank index falls 0.83% 1.5 hours ago — Economic Times
- Stock market update: Nifty Auto index advances 1.26% 1.5 hours ago — Economic Times
- Stock market update: FMCG stocks down as market falls 1.5 hours ago — Economic Times
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Adani Green Energy Q1 profit up nearly 95% to ₹629 crore
The company reported ₹323 crore consolidated net profit for the quarter ended on June 30, a BSE filing showed1.5 hours ago — The Hindu Business- Cyient Shares Tumble After Q1 Profit Fall Prompts Nuvama Target Price Cut 1.5 hours ago — Bloomberg Quint
- Motilal Oswal Financial Services Q1 result: Profit jumps 52% to Rs 1,021 cr 1.5 hours ago — Business Standard
- Adani Energy Solutions Q1 Results: Company posts a net loss of Rs 1,191 crore 1.5 hours ago — Economic Times
- Canara Bank Q1 Results: PAT up 10% at Rs 3,905 crore 1.5 hours ago — Economic Times
- DLF Q1 Results: Consolidated PAT jumps 23% YoY to Rs 646 crore, revenue falls 4% 1.5 hours ago — Economic Times
- Jupiter Wagons Q1 results: PAT jumps 40% YoY to Rs 89 crore, revenue up 19% 1.5 hours ago — Economic Times
- Adani Green Energy Q1: Net profit surges 95% to Rs 629 crore 1.5 hours ago — Economic Times
- Tech Mahindra Q1 FY25 results: Net profit rises 23% to Rs 851 crore 1.5 hours ago — Business Standard
- Adani Green Energy Q1 result: PAT doubles to Rs 629 cr on strong sales 1.5 hours ago — Business Standard
- Hindustan Media Ventures Q1 results: Profit tanks over 91% to Rs 0.52 cr 1.5 hours ago — Business Standard
- Adani Green Q1 Results: Profit rises 38% YoY to Rs 446 crore 1.5 hours ago — Economic Times
- Adani Green Energy Q1 Results: Profit Nearly Doubles To Rs 629 Crore 1.5 hours ago — Bloomberg Quint
- Nestle net profit up 7% as key brands register double-digit growth 1.5 hours ago — Business Standard
- Ashok Leyland Shares Fall After Profit Declines In Q1 1.5 hours ago — Bloomberg Quint
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ACC shares gain 2.06% as Sensex rises
On the technical charts, the RSI of the stock stood at 49.32.1.5 hours ago — Economic Times- Lupin shares rise 2.16 per cent in Friday's trading session 1.5 hours ago — Economic Times
- Chola Inv Finance shares up 2.41% as Sensex rises 1.5 hours ago — Economic Times
- Tube Investments shares gain 3.45% as Sensex rises 1.5 hours ago — Economic Times
- PI Industries shares gain 3.14% as Sensex rises 1.5 hours ago — Economic Times
- Mphasis shares gain 5.7% as Sensex rises 1.5 hours ago — Economic Times
- Shriram Finance shares drop 2.4% as Sensex falls 1.5 hours ago — Economic Times
- Shree Cements shares decline 0.31% as Sensex slides 1.5 hours ago — Economic Times
- Jubilant Food shares drop 0.09% as Sensex falls 1.5 hours ago — Economic Times
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Stock market update: Stocks that hit 52-week highs on NSE
GHCL Textiles, Kothari Prod, Ion Exchange, IL&FS Invest and Mindteck India, hit their fresh 52-week highs at 11:15AM.1.5 hours ago — Economic Times- Stock market update: Stocks that hit 52-week lows on NSE 1.5 hours ago — Economic Times
- Stock market update: Stocks that hit 52-week lows on NSE in today's trade 1.5 hours ago — Economic Times
- Stock market update: Stocks that hit 52-week highs on NSE in today's trade 1.5 hours ago — Economic Times
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Cyient shares decline 9% on weak Q1 results. What should investors do?
Cyient shares fell 9% to Rs 1,724 on Friday after the company reported a decline in June-quarter profit due to project execution delays. The first-quarter net profit dropped 23.8% sequentially to Rs 144 crore, and decreased 18.6% YoY for the Hyderabad-based firm.1.5 hours ago — Economic Times -
Epic Games says Fortnite returning to iOS in EU, leaving Samsung app store
Apple had approved Epic Games' marketplace app on iPhones and iPads in Europe earlier in July, after Epic escalated its feud with the technology giant1.5 hours ago — Business Standard -
Share price of Shriram Finance jumps as Sensex gains 626.79 points
Promoters held 25.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 54.28 per cent and 10.18 per cent, respectively.1.5 hours ago — Economic Times- Share price of Indian Hotels jumps as Sensex gains 607.72 points 1.5 hours ago — Economic Times
- Share price of BEL jumps as Sensex gains 515.17 points 1.5 hours ago — Economic Times
- Share price of LTIMindtree jumps as Sensex gains 543.95 points 1.5 hours ago — Economic Times
- Share price of Tata Power jumps as Sensex gains 522.56 points 1.5 hours ago — Economic Times
- Share price of Bharat Forge jumps as Sensex gains 483.36 points 1.5 hours ago — Economic Times
- Share price of Ashok Leyland jumps as Sensex gains 488.7 points 1.5 hours ago — Economic Times
- Shriram Finance shares drop 2.4% as Sensex falls 1.5 hours ago — Economic Times
- Adani Power stock price up 0.1 per cent as Sensex slides 1.5 hours ago — Economic Times
- Indian Hotels stock price down 1.41 per cent as Sensex slides 1.5 hours ago — Economic Times
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Sobha shares fall over 4% amid block deal
Shares of Sobha fell 4.5% to Rs 1,779 due to block deal reports, possibly involving Anamudi Real Estate LLP. Despite the drop, the stock has risen 190% over the past year. The company reported an 86% decline in Q4 FY24 profit with net profit at Rs 7.02 crore and income at Rs 791.25 crore.1.5 hours ago — Economic Times -
Go Digit shares rally 8% after PAT jumps 74% in June quarter
Shares of Go Digit General Insurance rallied 8% on Friday to a day's high of Rs 362.25 on the BSE after the company reported a 74% increase in net profit for the quarter ended June 30, 2024, reaching Rs 101 crore, up from Rs 58 crore in the same period last year.2 hours ago — Economic Times- Cyient Shares Tumble After Q1 Profit Fall Prompts Nuvama Target Price Cut 2 hours ago — Bloomberg Quint
- Canara Bank Q1 Results: PAT up 10% at Rs 3,905 crore 2 hours ago — Economic Times
- DLF Q1 Results: Consolidated PAT jumps 23% YoY to Rs 646 crore, revenue falls 4% 2 hours ago — Economic Times
- Jupiter Wagons Q1 results: PAT jumps 40% YoY to Rs 89 crore, revenue up 19% 2 hours ago — Economic Times
- Adani Green Q1 Results: Profit rises 38% YoY to Rs 446 crore 2 hours ago — Economic Times
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Tech Mahindra shares tumble over 5% after lower-than-expected Q1 performance. Should you invest?
Tech Mahindra's shares fell 5.5% after Q1 PAT rose 23% YoY to Rs 851 crore, below the Rs 870 crore estimate. Revenue dropped 1% YoY but improved 1% sequentially. Brokerages gave mixed ratings: Nomura - Buy, Motilal Oswal - Neutral, Nuvama - Reduce.2 hours ago — Economic Times -
Mankind Pharma and 2 other stocks showing RSI trending up
On July 25, three large-cap stocks from the NSE were highlighted in the RSI trending up scan, according to stockedge.com data.2 hours ago — Economic Times- Sensex rises! But these stocks are down 5% or more on BSE 2 hours ago — Economic Times
- Suzlon Energy and 4 stocks close below VWAP 2 hours ago — Economic Times
- United Spirits and 4 other stocks closed above VWAP 2 hours ago — Economic Times
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Buy Au Small Finance Bank, target price Rs 675: JM Financial
Au Small Finance Bank Ltd., incorporated in the year 1996, is a banking company (having a market cap of Rs 47595.63 Crore).2.5 hours ago — Economic Times- Buy ZF Commercial Vehicle Control Systems India, target price Rs 18400: Anand Rathi 2.5 hours ago — Economic Times
- Buy Tech Mahindra, target price Rs 1760: JM Financial 2.5 hours ago — Economic Times
- Buy Havells India, target price Rs 2020: Prabhudas Lilladher 2.5 hours ago — Economic Times
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Tata Motors among 2 other stocks with White Marubozu Pattern
Three Nifty50 stocks were flagged by stockedge.com’s "White Marubozu" bullish scanner. This candlestick pattern, where the opening is the lowest and closing the highest, signals a bullish trend.2.5 hours ago — Economic Times -
Gold Price Today: Yellow metal falls by Rs 1,100/10gm in 2 days, silver down by Rs 3,500/kg
Gold and silver August and September futures saw a slight uptick after recent declines. Gold dropped Rs 1,100/10 gm and silver Rs 3,500/kg in the last two days, impacted by the Chinese economy and U.S. data.2.5 hours ago — Economic Times -
Rupee recovers from all-time low, rises 9 paise to 83.69/$ in early trade
On Thursday, the rupee dropped by 7 paise to close at an all-time low of 83.78 against the U.S. dollar2.5 hours ago — The Hindu Business -
Esprit Stones IPO: Check issue size, price band, GMP and other details
Esprit Stones' SME IPO, aimed at raising Rs 50.42 crore through 57.95 lakh shares, opened on July 26 and closed on July 30, with a price band of Rs 82-87 per share. Shares will list on NSE SME platform, anticipated to debut August 2. The company specializes in manufacturing engineered quartz and marble surfaces.2.5 hours ago — Economic Times -
SA Tech Software IPO: Check issue size, price band, GMP and other details
SA Tech Software's IPO opened for subscription, aiming to raise Rs 23 crore through a fresh equity issue of 39 lakh shares. Priced at Rs 56-59 apiece, the company's shares were trading with a significant premium in the unlisted market. Funds will be used for debt repayment, working capital and corporate purposes. The IPO closes on July 30.2.5 hours ago — Economic Times -
Max Healthcare shares rise 3.3 per cent in Friday's trading session
The Relative Strength Index of the stock stood at 61.29 on Friday.2.5 hours ago — Economic Times- Sensex falls! These stocks fell 5% or more in Thursday's session 2.5 hours ago — Economic Times
- Max Healthcare share price down 2.71 per cent 2.5 hours ago — Economic Times
- Shriram Finance shares drop 2.4% as Sensex falls 2.5 hours ago — Economic Times
- Jubilant Food shares drop 0.09% as Sensex falls 2.5 hours ago — Economic Times
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Will the trend of buying the dips continue in the Indian market? Rahul Chadha answers
So, what is happening is, in a bull market you see a rotation and I think this is what we saw in the bull market of 2003 to 2008, you had market moving between different sectors and I think that is happening. So, if you see prior to elections, it was this euphoria about the PSUs, that has sobered down a bit. We have seen tech do well as somewhere one gets the comfort that, look, again, the end demand bottom and it seems to be improving.2.5 hours ago — Economic Times -
Mankind Pharma shares fall 2.5% after BSV acquisition
Mankind Pharma Share Price Today: Mankind Pharma shares dropped by 2.5% following the announcement of a Rs 13,630 crore acquisition of Bharat Serums and Vaccines (BSV). The acquisition aims to strengthen Mankind's position in women's health and fertility drugs. BSV reported strong revenue growth in FY24, with a notable presence in IVF and critical care segments.2.5 hours ago — Economic Times -
Indus Towers Hits Six-Year High Ahead Of Board Meeting To Consider Buyback
The stock rose as much as 5.3% during the day to Rs 447.35 apiece on the NSE.2.5 hours ago — Bloomberg Quint- SJVN Surges To Five-Month High On Rs 14,000-Crore Order Win 2.5 hours ago — Bloomberg Quint
- Tata Motors Market Cap Surpasses Rs 4-Lakh-Crore Mark 2.5 hours ago — Bloomberg Quint
- L&T Q1 Results Review: Capex Growth In India To Be Beneficial, Say Brokerages 2.5 hours ago — Bloomberg Quint
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Markets rebound in early trade after five days of slump
The BSE Sensex and NSE Nifty climbed in early trade2.5 hours ago — The Hindu Business- Share market update: Most active stocks of the day in terms of traded value 2.5 hours ago — Economic Times
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Fed rate cut not likely next week, but possible in September: Peter Cardillo
Peter Cardillo from Spartan Capital Securities pointed out that China's economic struggles might lead to an unexpected half-percent rate cut by the Fed in September. Despite soft tech earnings from Alphabet and Tesla, the overall market showed strong performance, driven by a 2.8% GDP growth and consumer spending amid lower inflation.2.5 hours ago — Economic Times -
Sanstar shares list at 15% premium over issue price
Sanstar IPO saw a strong response, with subscriptions nearly 83 times oversubscribed as investors heavily bid. The company plans to use the net proceeds to expand its Dhule facility, repay debt, and for general corporate purposes. Sanstar, a major Indian manufacturer, produces plant-based specialty products and ingredients for various applications.3 hours ago — Economic Times- After strong IPO response, Sanstar shares to debut tomorrow. Here's what GMP suggests 3 hours ago — Economic Times
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HCL Technologies, HDFC Life among 10 stocks that earned upgrades in last 1 month. Check revised target price
In the past month, several brokerages have raised target prices for stocks such as HDFC Life and HCL Tech. Trendlyne data shows up to eight upgrades for these stocks.3 hours ago — Economic Times -
Sanstar Shares Debut At 15% Premium Over IPO Price
Shares of Sanstar listed on the National Stock Exchange at Rs 106.40 apiece, a premium of 14.7% over its issue price of Rs 95.3 hours ago — Bloomberg Quint -
DLF sales jump over 3X to Rs 6,404 cr in Q1 on high demand for luxury homes
The company had sold properties worth Rs 2,040 crore in the year-ago period3 hours ago — Business Standard- Ramco Cements Q1 net halves as prices slide 8% 3 hours ago — The Hindu Business
- Nestle net profit up 7% as key brands register double-digit growth 3 hours ago — Business Standard
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Rupee Opens At Fresh Record Low Against Dollar
Rupee depreciated 2 paise to open at Rs 83.72 against the greenback, according to Bloomberg. It had closed at Rs 83.70 on Thursday.3 hours ago — Bloomberg Quint -
VL Infraprojects IPO Allotment To Be Out Today; Check Status On Skyline Financial
V.L. Infraprojects IPO was subscribed 636.17 times by Thursday, July 25. The allotment for the SME issue will be finalised on Friday, July 26.3 hours ago — Bloomberg Quint- VVIP Infratech IPO Allotment: Check Status On BSE And Maashitla 3 hours ago — Bloomberg Quint
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Rupee declines to all-time low amid outflows, tepid risk
The Indian rupee reached a historic low of 83.7250 against the U.S. dollar on Friday. This decline was driven by weak risk appetite, dollar demand from oil companies, and outflows from domestic equities. The Chinese yuan's volatility also contributed to this drop, heightening concerns over carry trades between the two currencies.3 hours ago — Economic Times- Rupee slips to all-time low of 83.72 against US dollar in early trade 3 hours ago — Economic Times
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Hold Supreme Industries, target price Rs 6087: Anand Rathi
Supreme Industries Ltd. key Products/Revenue Segments include Plastic Products, Polymers (Traded), Other Operating Revenue, Processing Charges and Export Incentives for the year ending 31-Mar-2024.3 hours ago — Economic Times- Buy KPIT Technologies, target price Rs 2150: Axis Securities 3 hours ago — Economic Times
- Buy DCB Bank, target price Rs 166: Anand Rathi 3 hours ago — Economic Times
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SJVN shares zoom 13% on getting Rs 14,000 crore Mizoram project
Shares of PSU power stock SJVN surged over 13% to Rs 159.60 on BSE on Friday, following the receipt of a Letter of Intent from the Mizoram government for the Darzo Lui pumped storage project. This project, comprising eight units of 300 MW each, is an On-stream Closed Loop Type pumped storage project.3 hours ago — Economic Times -
F&O stocks to buy today: MCX, HDFC Life among top 5 trading ideas for July 26, 2024
The charts of Bank Nifty indicate that it may get support at 50,600, followed by 50,500 and 50,300. If the index advances further, 51,000 would be the initial key resistance, followed by 51,200 and 51,500, Mehata added. India Vix was positive yesterday up by 7.27% and is currently trading at 12.6175.3 hours ago — Economic Times -
India's tech sector to stay resilient amidst global market froth: Arnab Das
So, the market is repricing a bit on those expectations. Plus, I think there was a kind of dynamic at work where if we are going to have a more resilient US economy, perhaps depending a little bit on or maybe even substantially on what happens in the forthcoming presidential election, we might have somewhat more reflationary, inflationary, somewhat lower growth kinds of policies coming through.3 hours ago — Economic Times -
FIIs hit sell button on 9 Adani stocks but LIC bullish on 2 underdogs
FIIs sold stakes in nine Adani stocks, capitalizing on a price rebound during the June quarter, while LIC increased its investments in Adani Energy and Adani Enterprises. Mutual funds and retail investors demonstrated varied preferences across Adani stocks. Adani Ports emerged as a top performer in 2023 after recovering Hindenburg-era losses, showcasing strong financial health and reduced debt levels.3 hours ago — Economic Times -
Sensex breaks 5-day losing streak, surges 500 pts; Nifty above 22,550
India's benchmark indices, Nifty50 and Sensex, opened higher on Friday after five sessions of losses, driven by gains in IT and energy stocks. Key gainers included Bharti Airtel, Kotak Bank, Tata Steel, TCS, SBI, and Infosys. Tech Mahindra fell despite positive revenue estimates, while AU Small Finance Bank and Cyient saw significant share price movements.3.5 hours ago — Economic Times -
Hot stocks: Brokerage view on Ramco Cements, Tech Mahindra, Laurus Labs, Syngene and Cyient
Citi has maintained a sell call on Ramco Cements, raising the target price to Rs 750 from Rs 735. Despite stable EBITDA per ton, Ramco has lost market share by not selling at significantly lower prices. The stock is expected to underperform until the company resolves the conflict between market share and pricing.3.5 hours ago — Economic Times -
‘Crazy’ yen rally is at risk of shattering as soon as next week
Swaps markets suggest a 41% chance of the Bank of Japan hiking rates by 15 basis points by the conclusion of its July 31 policy meeting, indicating plenty of caution. And only 30% of BOJ watchers surveyed by Bloomberg forecast a hike, even if more than 90% see it as a risk.3.5 hours ago — Economic Times -
F&O Radar: Deploy Put Writing strategy in Nifty to gain from Theta decay
A put option lets traders earn or buy stocks at a lower price. The writer agrees to buy the stock at the strike price if exercised. Put writing generates income from the premium received, while the buyer gains option rights. Key support at 24,070 must be monitored closely, as falling below this level could lead to increased volatility and a deeper price correction.3.5 hours ago — Economic Times -
Last date to buy today! Naukri, Deepak Nitrite among 11 stocks to trade ex-dividend on Monday
Info Edge declared a Rs 12/share dividend for eligible shareholders in May, to be credited by September 5. In the past year, total dividends amount to Rs 19, including Rs 9 in July and Rs 10 in November 2023.3.5 hours ago — Economic Times -
Brokerage Views: Citi, Nuvama On Tech Mahindra, Nomura On Axis Bank And More
Here are all the top calls from analysts that you need to know about on Friday.4 hours ago — Bloomberg Quint- Power Grid, Cipla, IndusInd Bank, IndiGo Q1 Results Today — Earnings Estimates 4 hours ago — Bloomberg Quint
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At multi-year highs: These 4 stocks witness 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.4 hours ago — Economic Times -
Price Updates: JSW Steel Stock Price Surges Over 2% from Previous Close of Rs 874.5
- Cipla Share Price Today Live Updates: Cipla Records Strong Weekly Performance with 0.98% Return, Closing at Rs 1500.05 4 hours ago — Economic Times
- Price Updates: Eicher Motors Stock Price Jumps Over 2% from Previous Close of Rs 4900.65 4 hours ago — Economic Times
- Infosys Stocks Live Updates: Infosys Stock Sees 2.13% Rise, SMA3 at Rs 1844.80 4 hours ago — Economic Times
- HDFC Life Insurance Company Share Price Live Updates: HDFC Life Insurance Company Records Strong Weekly Returns of 7.43% at Previous Day Close of Rs 683.15 4 hours ago — Economic Times
- Tata Motors Share Price Live Updates: Tata Motors Records Strong Weekly Return of 10.2% as Stock Closes at Rs 1090.95 4 hours ago — Economic Times
- Jio Financial Services Stocks Live Updates: Jio Financial Services Sees 1.71% Price Surge, Maintains Stability with SMA3 at Rs 334.80 4 hours ago — Economic Times
- Reliance Industries Share Price Today Live Updates: Reliance Industries Ends Week with 4.03% Decline, Closing at Rs 2984.80 4 hours ago — Economic Times
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UPL Share Price Live Updates: UPL Closes at Rs 529.45 with Weekly Return of -2.42%
- ITC Stocks Live Updates: ITC Closes at Rs 489.95 with 3.25% Weekly Return, Reflecting Positive Investor Sentiment 4 hours ago — Economic Times
- Tata Consumer Products Share Price Live Updates: Tata Consumer Products Closes at Rs 1223.6 with 3.0% Weekly Return 4 hours ago — Economic Times
- Divi's Laboratories Share Price Today Live Updates: Divi's Laboratories Closes at Rs 4547.0 with 0.6% Weekly Return 4 hours ago — Economic Times
- Hindalco Industries Share Price Live Updates: Hindalco Industries Closes at Rs 646.55 with Weekly Return of -2.48% 4 hours ago — Economic Times
- Cipla Share Price Today Live Updates: Cipla Records Strong Weekly Performance with 0.98% Return, Closing at Rs 1500.05 4 hours ago — Economic Times
- Bajaj Finserv Stocks Live Updates: Bajaj Finserv Closes at Rs 1571.95 with Weekly Return of -4.16% 4 hours ago — Economic Times
- HDFC Life Insurance Company Share Price Live Updates: HDFC Life Insurance Company Records Strong Weekly Returns of 7.43% at Previous Day Close of Rs 683.15 4 hours ago — Economic Times
- Tata Motors Share Price Live Updates: Tata Motors Records Strong Weekly Return of 10.2% as Stock Closes at Rs 1090.95 4 hours ago — Economic Times
- Hindustan Unilever Share Price Live Updates: Hindustan Unilever Closes at Rs 2707.2 with Weekly Return of -0.73% 4 hours ago — Economic Times
- Bajaj Auto Share Price Today Live Updates: Bajaj Auto Closes at Rs 9278.25 with Weekly Return of -1.15% 4 hours ago — Economic Times
- UltraTech Cement Share Price Live Updates: UltraTech Cement Closes at Rs 11,441.50 with 1.63% Weekly Return 4 hours ago — Economic Times
- State Bank of India Share Price Today Live Updates: State Bank of India Stock Closes at Rs 848.5 with Weekly Return of -4.59% 4 hours ago — Economic Times
- Reliance Industries Share Price Today Live Updates: Reliance Industries Ends Week with 4.03% Decline, Closing at Rs 2984.80 4 hours ago — Economic Times
- Britannia Industries Share Price Today Live Updates: Britannia Industries Closes at Rs 5829.60 with Weekly Return of -0.82% 4 hours ago — Economic Times
- Sun Pharmaceutical Industries Share Price Today Live Updates: Sun Pharma Closes at Rs 1665.80 with 6.19% Weekly Gain 4 hours ago — Economic Times
- Grasim Industries Stocks Live Updates: Grasim Industries Closes at Rs 2797.55 with 1.99% Weekly Return 4 hours ago — Economic Times
- Tata Consultancy Services Stocks Live Updates: Tata Consultancy Services Closes at Rs 4322.5 with 0.47% Weekly Return 4 hours ago — Economic Times
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News Updates: Stock Radar: Tata Steel faces selling pressure around June 2024 highs; should you buy the dip?
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Oil And Natural Gas Corporation Share Price Today Live Updates: Oil And Natural Gas Corporation Records 5.05% Weekly Return, Closes at Rs 335.8
- HDFC Life Insurance Company Share Price Live Updates: HDFC Life Insurance Company Records Strong Weekly Returns of 7.43% at Previous Day Close of Rs 683.15 4 hours ago — Economic Times
- Tata Motors Share Price Live Updates: Tata Motors Records Strong Weekly Return of 10.2% as Stock Closes at Rs 1090.95 4 hours ago — Economic Times
- Jio Financial Services Stocks Live Updates: Jio Financial Services Sees 1.71% Price Surge, Maintains Stability with SMA3 at Rs 334.80 4 hours ago — Economic Times
- Hindustan Unilever Share Price Live Updates: Hindustan Unilever Closes at Rs 2707.2 with Weekly Return of -0.73% 4 hours ago — Economic Times
- Bajaj Auto Share Price Today Live Updates: Bajaj Auto Closes at Rs 9278.25 with Weekly Return of -1.15% 4 hours ago — Economic Times
- UltraTech Cement Share Price Live Updates: UltraTech Cement Closes at Rs 11,441.50 with 1.63% Weekly Return 4 hours ago — Economic Times
- State Bank of India Share Price Today Live Updates: State Bank of India Stock Closes at Rs 848.5 with Weekly Return of -4.59% 4 hours ago — Economic Times
- Reliance Industries Share Price Today Live Updates: Reliance Industries Ends Week with 4.03% Decline, Closing at Rs 2984.80 4 hours ago — Economic Times
- Britannia Industries Share Price Today Live Updates: Britannia Industries Closes at Rs 5829.60 with Weekly Return of -0.82% 4 hours ago — Economic Times
- Sun Pharmaceutical Industries Share Price Today Live Updates: Sun Pharma Closes at Rs 1665.80 with 6.19% Weekly Gain 4 hours ago — Economic Times
- Grasim Industries Stocks Live Updates: Grasim Industries Closes at Rs 2797.55 with 1.99% Weekly Return 4 hours ago — Economic Times
- Tata Consultancy Services Stocks Live Updates: Tata Consultancy Services Closes at Rs 4322.5 with 0.47% Weekly Return 4 hours ago — Economic Times
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Positive Breakout: These 5 stocks close cross above their 200 DMA
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.4.5 hours ago — Economic Times -
Mayuresh Joshi on his 2 top bets in pharma & what he likes in oil & gas sector
Mayuresh Joshi from Marketsmith India shared insights on favored pharma stocks like Natco, Morepen, Cipla, and Dr Reddy's, emphasizing strong performance and promising pipelines. Energy sector outlook for HPCL, IOCL, ONGC, and Selan Exploration was also positive, predicting stable trajectories and significant investments. Joshi also says that the market is now moving on post the budget and looking at earnings.4.5 hours ago — Economic Times -
Market returns will revert to corporate earnings growth rate of about 14%: Rashesh Shah
The market returns will revert to what the corporate earnings growth rate is and I do believe that corporate earnings long-term growth rate should be about 14% or so in India and that is what a good long-term investor in the market should get, says Rashesh Shah, Chairman, Edelweiss Group.4.5 hours ago — Economic Times -
UTI Asset Management posts 9% profit growth
The fund house’s market share in total AUM fell marginally to 5.27% during the quarter from 5.76% in the previous year.4.5 hours ago — Economic Times -
RBI Proposes Deposit Framework To Avoid SVB-Like Troubles In India
The rules, if formalised will likely make the liquidity situation even tighter for the Indian banking system.4.5 hours ago — Bloomberg Quint -
Q1 results today: IndiGo, IndusInd among 69 companies to announce earnings on Friday
Companies like Aarti Drugs, Amber Enterprises, Bandhan Bank, Cholamandalam Investment, City Union Bank, ESAF SFB, Equitas SFB, Mangalam Organics, Piramal Pharma, TTK Prestige among others will also declare their results.4.5 hours ago — Economic Times -
Which end of the market is compounding now? N Jayakumar answers
N Jayakumar, MD of Prime Securities, emphasized that markets favor growth, supported by new capacities and better utilization. He noted a significant shift toward B2B investments and capex in engineering, metals, and mining sectors. The article also highlighted Vodafone's need for equity due to undercapitalization, showcasing how equity markets rescue debt-laden companies.5 hours ago — Economic Times -
Budget 2024-25: A look at the sector-wise allocations in ten charts
Data shows that expenditure as a share of the total budget on infrastructure has increased. In contrast, expenditure on major schemes in the social sectors has either stagnated or declined.5 hours ago — The Hindu Business -
Big movers on D-Street: What should investors do with Adani Green, Nestle and Tech Mahindra?
Stocks that were in focus include names like Adani Green, which fell 7.75%, Nestle, which declined 2.5%, and Tech Mahindra, whose shares rose 0.44% on Thursday.5 hours ago — Economic Times -
Stock Market Live: GIFT Nifty Trades Near 24,500; Cipla, Powergrid, Mankind Pharma, SJVN, Sanstar In Focus
Catch all the live updates on the Indian stock markets here.5 hours ago — Bloomberg Quint -
Indian Banks Selling Retail Loan Portfolios As Deposits Lag
Sales of retail loan portfolios by private banks have been uncommon in India, but several of them are now exploring deals to improve their CD ratios.5 hours ago — Bloomberg Quint -
Yen heads for strongest week in 3 months as carry trades unwind
The yen experienced its strongest weekly gain in nearly three months as traders adjusted ahead of key U.S. inflation data. Early July's suspected Tokyo interventions and safe-haven movements bolstered this surge. The Bank of Japan is likely to delay tightening despite rising inflation in the capital. Stay tuned for comprehensive coverage.5 hours ago — Economic Times -
Swedish PE firm EQT sells entire holding in RBL Bank for Rs 1,091 crore via bulk deal
Swedish private equity firm EQT AB sold its entire 7.89% stake in RBL Bank, amounting to 4.78 crore shares, in a bulk deal worth ₹1,091.15 crore on the BSE. The shares, sold through its entity Maple II B V at ₹228.08 per share, were acquired by Morgan Stanley’s Asia Singapore PTE and Societe General for ₹285.12 crore and ₹161.74 crore, respectively. RBL Bank shares closed 2.95% down at ₹230.4 on Thursday.5 hours ago — Economic Times -
With Paris Olympics set to open, organisers brace for hacker onslaught
A collection of government, private-sector and Olympic cybersecurity specialists have spent months preparing5.5 hours ago — Business Standard -
Ford slips as higher costs, EV unit take a toll on profit growth
Ford's shares dropped over 13% after it missed second-quarter profit estimates due to rising warranty costs and competition in the EV market. Analysts attributed the decline to quality issues causing an $800 million increase in warranty expenses. CEO Jim Farley has prioritized fixing these problems since 2020. Ford's struggles contrast with GM's better performance.5.5 hours ago — Economic Times -
Paris Olympics 2024: France to kick off games under tight security
Some 45,000 police, 10,000 soldiers and 2,000 private security staff will ensure the safety of the parade along the river Seine, its banks and surrounding monuments5.5 hours ago — Business Standard -
Oil edges up on strong US GDP data but Asia economic woes limit gains
Oil prices saw minor increases on Friday due to stronger U.S. economic data, raising hopes for higher crude demand. However, economic concerns in China and Japan limited gains. Brent crude rose by 7 cents to $82.44 per barrel, and U.S. West Texas Intermediate increased by 4 cents to $78.32 per barrel.5.5 hours ago — Economic Times -
Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a muted start; Asian shares trade mixed
- ET Market Watch: Sensex & Nifty end lower, metal sector bleeds, oil & gas shines 5.5 hours ago — Economic Times
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OpenAI enters Google-dominated search engine market with SearchGPT
The move, announced on Thursday, also places the AI giant in competition with its largest backer Microsoft's Bing search5.5 hours ago — Business Standard -
S&P, Nasdaq end lower in fickle trading, megacap trend uncertain
The S&P 500 and Nasdaq Composite ended lower on Thursday, unable to recover from Wednesday's tech-driven sell-off. However, the Dow Jones Industrial Average gained on positive GDP data, and small-cap stocks saw a rise. Wednesday's earnings reports from major tech firms like Meta and Alphabet contributed to market volatility.5.5 hours ago — Economic Times -
Stock Radar | Pharma stocks are back in action; Sun Pharma likely to hit fresh highs: Ruchit Jain
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The great Indian Chinese conundrum
A story that explores whether India can join the global supply chain without leaning too heavily on China.6 hours ago — Finshots -
Stocks To Watch: Adani Energy, Tech Mahindra, SJVN, IndusInd Bank, Mankind Pharma, Texmaco
Set your sights on today's potential market movers—here are the stocks to watch in today's trade.6 hours ago — Bloomberg Quint -
Temasek-Backed EvolutionX Shifts Fund Focus To India From China
The Singapore-based debt financing platform plans to allocate as much as 70% of its $500 million private credit fund to India.6 hours ago — Bloomberg Quint -
Derivative strategy: Nandish Shah of HDFC Sec suggests Bull Spread on IOC
F&O strategy for Indian Oil stock: IOCL share price has broken out on the daily chart to close at highest level since February 2024 with a sharp rise in volumes6 hours ago — Business Standard -
Asian stocks drift higher as Yen gains
The S&P 500 slipped 0.5% Thursday while the Nasdaq 100 declined 1.1% as tech giants including Nvidia Corp and Microsoft Corp slumped. Small caps outperformed in a further sign investors are preparing for interest-rate cuts that will support the broader economy.6 hours ago — Economic Times -
Tips Industries Q1 results: Net profit surges 61% to Rs 44 crore
Tips is the only listed player that writes off 100% of the content cost during the quarter of the release. It has a library of over 30,000 songs across genres and languages.6.5 hours ago — Economic Times- Embassy REIT Q1 results: Net operating income up 3% to Rs 757.5 cr 6.5 hours ago — Business Standard
- Adani Green Energy Q1: Net profit surges 95% to Rs 629 crore 6.5 hours ago — Economic Times
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Pre-market action: Here's the trade setup for today's session
"Overall we expect the market to continue its consolidation mode with stock-specific action given the earning season is in full swing. All eyes will be on the US Q2 GDP data that will be released late today. Thus, markets would take cues from their peers," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.7 hours ago — Economic Times -
Stocks in news: IndiGo, IndusInd Bank, DLF, Tech Mahindra, Mankind Pharma, RBL Bank
IT services company Tech Mahindra on Thursday reported 23% year-on-year growth in its consolidated net profit at Rs 851 crore in the June quarter.7 hours ago — Economic Times- DLF Q1 Results: Consolidated PAT jumps 23% YoY to Rs 646 crore, revenue falls 4% 7 hours ago — Economic Times
- Jupiter Wagons Q1 Results: Profit And Revenue Beat Estimates 7 hours ago — Bloomberg Quint
- AU Small Finance Bank Q1 Results: Profit Rises 30%, Meets Estimates 7 hours ago — Bloomberg Quint
- Tech Mahindra Q1 Results: Profit jumps 23% YoY to Rs 851 crore, misses estimates 7 hours ago — Economic Times
- Hindustan Media Ventures Q1 results: Profit tanks over 91% to Rs 0.52 cr 7 hours ago — Business Standard
- Adani Green Q1 Results: Profit rises 38% YoY to Rs 446 crore 7 hours ago — Economic Times
- Canara Bank Q1 Results: Profit Up 10.5% On Lower Provisions 7 hours ago — Bloomberg Quint
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Stock Market Today: All You Need To Know Going Into Trade On July 26
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!7 hours ago — Bloomberg Quint- All You Need To Know About FII Positions Going Into Trade On July 26 7 hours ago — Bloomberg Quint
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Benchmark g-sec yield eases further following Budget announcements
A fall in government bond yields lowers borrowing costs across the economy as sovereign debt yields are the benchmarks for determining the price of corporate borrowing. Bond yield and prices move inversely.7 hours ago — Economic Times -
Brokerage Picks: Stocks likely to gain big from Budget measures
Focus on affordable housing as budget announced following incentives PM Awas outlay and allocation of Rs 2.2 trillion under Pradhan Mantri Awas Yojana in the current year is a massive increase. This should help HFCs significantly with PNB Housing being the top pick.7 hours ago — Economic Times -
Bank stocks fall for a third day on Q1 slip
"Major private banks like Kotak, Axis and HDFC have reported their earnings which have not been up to the mark and most missed estimates," said Shreyansh Shah, Research Analyst, Stoxbox. "Investors have booked profits following the results leading to the decline in the index."7.5 hours ago — Economic Times -
Mankind Pharma to acquire BSV for ₹13,630 crore
““This strategic move marks a significant leap for Mankind Pharma, positioning it as a market leader in the Indian women’s health and fertility drug market,” the company said10 hours ago — The Hindu Business -
Royalty is not tax: Supreme Court allows states to levy minerals cess
Cites fiscal federalism to highlight power of states to tax12 hours ago — Business Standard -
Govt demands more local content in electric vehicle manufacturing
In its recent discussions with stakeholders, the ministry suggested reducing the number of components under PMP in FAME-III from 18 to 1212 hours ago — Business Standard -
Banks need to focus on their core business: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman in an interview with ET has emphasized that banks must refocus on their primary roles of mobilizing deposits and providing loans, especially amid concerns about slowing deposit growth. Sitharaman reiterated the need for banks to prioritize their core functions—mobilizing deposits and lending—while still being free to pursue other activities.12 hours ago — Economic Times -
Funding winter for startups may end with angel tax abolition: DPIIT Secy
A system of quarterly disbursement is in place for many sectors, except for few, such as food processing, where it is not feasible, he says12 hours ago — Business Standard -
Mankind Pharma acquires Bharat Serums and Vaccines for Rs 13,600 crore
More than 2,500 BSV employees will be joining Mankind12 hours ago — Business Standard -
MSME credit to ride Budget push, offset unsecured stress
To enhance credit flow to MSMEs, the government is urging banks to offer collateral-free term loans and additional support during financial stress. The FY25 budget includes a new credit guarantee scheme to help MSMEs in manufacturing secure loans for machinery and equipment without needing collateral or a third-party guarantee.12 hours ago — Economic Times -
Offshore loans turn cheaper as global investors widen exposure
Indian corporates found raising funds through offshore syndicated loans more affordable in 2024 due to increased global investor interest. The volume remained stable at $13.3 billion. HSBC emerged as the top bookrunner, followed by DBS Group, Mitsubishi UFJ Financial Group, and Taipei Fubon Commercial Bank. Firms like Union Bank, JSW Steel, and Hero Fincorp have utilized this route.12.5 hours ago — Economic Times -
Life insurers tweak products, incentives to protect margins after IRDAI's new surrender rules
Private life insurers in India have strategized to adhere to new IRDAI regulations requiring surrender value from the first year on non-participating policies. Companies like HDFC Life, ICICI Prudential Life, and SBI Life are adjusting their commission structures and product mixes to protect margins and maintain growth despite the regulatory changes.12.5 hours ago — Economic Times -
FY25 gold bond float target cut by 38%
Net issuances of the sovereign gold bonds (after factoring in redemption) are now pegged at ₹15,000 crore in this fiscal, against ₹26,138 crore in the interim budget and ₹25,352 crore in 2023-24 (revised estimate). Harish Galipelli, director at ILA Commodities India, said a growing number of retail investors are now parking their investible surplus in equities, anticipating better returns.12.5 hours ago — Economic Times -
TotalEnergies Q2 earnings drop 6% on 'normalising' refining margins
Q2 adjusted net income $4.7 bn vs forecast $4.96 bn12.5 hours ago — Business Standard -
Google Maps Unveils New Features In India To Supercharge Daily Travel
Google Maps is set to launch features to navigate through narrow roads, flyovers, and more with ease.12.5 hours ago — Bloomberg Quint- Google Maps announces India-focused features, including flyover callouts 12.5 hours ago — Business Standard
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Indus Towers To Consider Buyback Of Shares At Upcoming Board Meet
The trading window for dealing in shares of the company shall also remain closed for all designated people and their immediate relatives till Aug. 1.13 hours ago — Bloomberg Quint -
RBI Mulls Liquidity Norms With More Buffers For Electronic Fund Transfers
The draft circular seeks to amend guidelines issued in 2014 under the Basel-III Framework on Liquidity Standards.13 hours ago — Bloomberg Quint -
India may have dengue vaccine by 2026; Takeda initiates clinical trials
Takeda follows a dual pricing strategy in both private and public markets, and as such, prices in the private market are higher in Europe than in Asian markets13.5 hours ago — Business Standard -
RBL Bank: Morgan Stanley, Societe Generale Buy Shares After Baring PE Asia Exits
The share sale fetched the Hong Kong-based Baring Private Equity Asia Rs 1,091 crore.13.5 hours ago — Bloomberg Quint -
EQT Private Cap Asia exits RBL Bank, sells entire stake for Rs 1,091 cr
As per the data available on the BSE, Maple II B V sold 4,78,40,700 shares, amounting to a 7.89 per cent stake in RBL Bank14 hours ago — Business Standard -
S&P Upgrades Vedanta Resources On Improved Capital Structure And Liquidity
The company, which is the parent firm of Vedanta Ltd., has adequate internal funds to meet $1.4 billion of debt maturities due by the end of 2025.14 hours ago — Bloomberg Quint- S&P upgrades Vedanta Resources rating on improving capital structure 14 hours ago — Business Standard
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CG Power to acquire 55% stake in GG Tronics
14 hours ago — The Hindu Business- TechM reports 23% rise in Q1 net profit 14 hours ago — The Hindu Business
- Pitti Engineering to acquire Dakshin Foundry for ₹153 crore 14 hours ago — The Hindu Business
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India’s illegal coal mining problem | Explained
14 hours ago — The Hindu Business -
Vedanta Aluminium, NITI Aayog Stakeholders Discuss Aluminium Byproduct Application
Alumina refining stage generates bauxite residue, commonly known as red mud. The day-long session focused on the effective utilization of red mud through focused research, development, and commercialization efforts in other industries.14 hours ago — Bloomberg Quint- Vedanta Aluminium, NITI Aayog hold stakeholder meet on red mud utilisation 14 hours ago — Business Standard
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High And Sustained Interest For Domestic Travel In Monsoons: Cleartrip
Meanwhile, Kazakhstan has emerged as a favoured destination for Indian travellers this season, with a four times spike in bookings this monsoon compared to 2024 and 2019, he said.14 hours ago — Bloomberg Quint -
IT Hiring Revives, Sector To Add Up To 3.5 Lakh Jobs In FY25
Hiring activity had dipped drastically, as the growth momentum of the sector was marred by macroeconomic headwinds.14 hours ago — Bloomberg Quint -
Morgan Stanley, Societe Generale buy shares worth Rs 447 crore in RBL Bank via block deals
Morgan Stanley Asia Singapore Pte and Societe Generale purchased 1.25 crore and 71 lakh shares of RBL Bank respectively, worth Rs 447 crore in total via a block deal. The shares were sold by MAPLE II BV at Rs 228 per share, reducing its stake by 7.89% in RBL Bank.14.5 hours ago — Economic Times -
Daimler India names P. Andamuthu as Head of Bus Business
14.5 hours ago — The Hindu Business- BMW Group India unveils four new products including 2 EVs 14.5 hours ago — The Hindu Business
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Mankind Pharma To Acquire Bharat Serums And Vaccines For Rs 13,630 Crore
The company will buy Bharat Serums and Vaccines from the private equity firm Advent International, with the transaction expected to close in three to four months.14.5 hours ago — Bloomberg Quint -
Our systems not compromised, says cryptocurrency platform WazirX
A 'multisig' or multisignature wallet is a crypto wallet that requires two or more private keys to unlock and withdraw funds15 hours ago — Business Standard -
India’s drone tech sector set to soar in coming years, says Reliance firm Asteria Aerospace
‘Drone tech sector has been growing 40% CAGR in the last three years’15 hours ago — The Hindu Business -
TDS on income from G-Sec may not significantly impact retail participation
In the Union Budget for the previous financial year 2023-24, it was announced that a 10 per cent TDS on interest payments would be applied to listed bonds (debentures) starting April 1, 202315 hours ago — Business Standard -
Canara Bank reports 10.5% growth in Q1 net profit; bad debt decreases
15 hours ago — The Hindu Business- Canara Bank's Q1 net rises 10.5% to Rs 3,905 cr; NII expands 5.7% 15 hours ago — Business Standard
- Canara Bank Q1 Results: Profit Up 10.5% On Lower Provisions 15 hours ago — Bloomberg Quint
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Strengthening IBC: Extend prepack to big companies, says industry
Both the finance minister and the economic survey have highlighted the success of IBC15 hours ago — Business Standard -
Focus is on raising the employment intensity of growth, says Somanathan
Finance Secretary says difference in Budget 2024-25 is its direct thrust for job creation rather than an indirect one; the thrust is on helping first-time job seekers break the Catch-22 quandary of ‘no experience, no jobs’15 hours ago — The Hindu Business -
U.S. FDA issues two observations for Gland Pharma facility
15 hours ago — The Hindu Business -
Income Tax portal ramped up; July 31 I-T returns deadline may stay
Most of the recent glitches on the I-T portal have been fixed, says CBDT chairperson Ravi Agarwal15 hours ago — The Hindu Business -
UTI AMC Q1 result: PAT rises 9% to Rs 254 cr, total revenue from ops up 13%
The company's total revenue from operations rose 13 per cent to Rs 529 crore during the quarter under review, as compared to Rs 468 crore in the April-June quarter of the preceding FY2415 hours ago — Business Standard- LT Foods Q1 result: Profit up 13% to Rs 155.3 cr, revenue up 16.4% 15 hours ago — Business Standard
- DLF Q1 Results: Profit Up 22.5%, But Misses Estimates 15 hours ago — Bloomberg Quint
- DLF Q1 Results: Consolidated PAT jumps 23% YoY to Rs 646 crore, revenue falls 4% 15 hours ago — Economic Times
- Jupiter Wagons Q1 results: PAT jumps 40% YoY to Rs 89 crore, revenue up 19% 15 hours ago — Economic Times
- Tech Mahindra Q1 FY25 results: Net profit rises 23% to Rs 851 crore 15 hours ago — Business Standard
- AU Small Finance Bank Q1 Results: Profit Rises 30%, Meets Estimates 15 hours ago — Bloomberg Quint
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Standard Glass Lining IPO: Company files DRHP, to raise Rs 250 crore via fresh issue
The company, which manufactures specialised engineering equipment for pharmaceutical and chemical sectors in India, will raise the funds through a 100% book building process. It will use proceeds from this offer for capital expenditure, repayment of some existing loans, funding inorganic growth, and for general corporate purposes.15.5 hours ago — Economic Times -
Laurus Labs Q1 net slumps to ₹13 crore on lower revenue
15.5 hours ago — The Hindu Business- Ashok Leyland ‘highest’ Q1 CV sales results in ‘record’ revenue 15.5 hours ago — The Hindu Business
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Top Seven Business And Market Stories Of The Day You Can't Miss — July 25
Important news, must-read stories on NDTV Profit on Thursday.15.5 hours ago — Bloomberg Quint- Stock Market Highlights: Sensex, Nifty Gainers And Losers — July 25 15.5 hours ago — Bloomberg Quint
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Ahead of Market: 10 things that will decide stock action on Friday
Wall Street on Thursday saw a stark divergence from the previous day as smaller and previously neglected market sectors surged, contrasting with declines among Big Tech giants.15.5 hours ago — Economic Times -
S Jaishankar, Chinese Foreign Minister Discuss Border Issues In Laos Meeting
Jaishankar said the state of the border 'will necessarily be reflected' on the state of India-China relations.15.5 hours ago — Bloomberg Quint -
Go Digit Q1 results: PAT jumps 74% YoY to Rs 101 crore, AUM rises by 33%
The assets under management in the April-June 2024 quarter stood at Rs 17,773 crore up from Rs 13,337 crore in Q1FY24. It was a 33% year-on-year jump. On a sequential basis, the AUM grew by 12.7% compared to Rs 15,764 crore as at March 31, 2024.15.5 hours ago — Economic Times -
Centre extends sale of 'Bharat atta' and 'Bharat rice' at revised rates
The retail price for 'Bharat atta' and 'Bharat rice' has been revised for new stocks15.5 hours ago — Business Standard -
Target $50 Billion Export Milestone For Leather And Footwear Sector: Piyush Goyal
The DPIIT has notified two QCOs in March for the leather and footwear sector, which will become effective from August.15.5 hours ago — Bloomberg Quint -
SEBI Proposes Rules For Rating Agencies On Actions Amid Defaults, Upgrades
The market regulator has suggested removing 'technical default' from policies as it can send negative market signals and trigger covenants.16 hours ago — Bloomberg Quint- Sebi proposes guidelines for credit rating agencies to include detailed reasons for rating actions 16 hours ago — Economic Times
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Akums Drugs and Pharma fixes IPO price band at ₹646-679
16 hours ago — The Hindu Business -
Adani Plans $600 Million Share Sale In Post-Hindenburg First
Gautam Adani’s power transmission unit is considering raising at least 50 billion rupees ($597 million) through a share sale, making the Indian conglomerate’s first foray into public equity markets since a scathing short-seller’s report wiped away billions in shareholder value.16.5 hours ago — Bloomberg Quint -
India's Financial System Stronger Than Ever: RBI Deputy Governor Rao
Delivering the J P Morgan India Leadership Series Lecture in Mumbai, the RBI official also highlighted that India has achieved the highest climate change performance index score among G20 members in 2024.16.5 hours ago — Bloomberg Quint -
NGT Stays Rs One Crore Fine On Reliance Industries Over Vapour Recovery System Installation
A vapour recovery system is a device that captures displaced vapours emerging from inside a vehicle’s fuel tank when petrol or diesel is filled into it.16.5 hours ago — Bloomberg Quint -
Consolidated share gains of over 3 years to post volume growth: Unilever
Hindustan Unilever's chief financial officer, Ritesh Tiwari, also said while talking about advertising spend, that the company continued to invest competitively in its brands16.5 hours ago — Business Standard -
Aditya Birla Group Set To Unveil Maiden Novel Jewels Store In Delhi On July 27
The group will launch its maiden Novel Jewels store in Delhi and invest Rs 5,000 crore in the business to take it across the country.16.5 hours ago — Bloomberg Quint -
Microfinance Business Little Heated, Says AU Small Finance Bank’s Sanjay Agarwal
The MFI industry is cyclical, which normally happens. Hence, collection efficiencies are a lot slower than usual, the management said.16.5 hours ago — Bloomberg Quint -
Diamond Power Infrastructure Q1 Results: Net profit grows to Rs 16.55 crore
During the period under review, expenses surged to Rs 207.28 crore from Rs 68.99 crore a year ago.16.5 hours ago — Economic Times- Home First Finance Company Q1 Results: Net profit up 27% at Rs 88 crore 16.5 hours ago — Economic Times
- LT Foods Q1 result: Profit up 13% to Rs 155.3 cr, revenue up 16.4% 16.5 hours ago — Business Standard
- AU Small Finance Bank Q1 results: Net profit surges 30% to Rs 502 cr 16.5 hours ago — Business Standard
- Mahindra Holidays Q1FY25 results: Pre-tax profit rises to Rs 14 cr 16.5 hours ago — Business Standard
- Mahanagar Gas Q1 Results: Profit Up 7.4% 16.5 hours ago — Bloomberg Quint
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Ujjivan Small Finance Bank Q1 Results: PAT down 7% at Rs 301 crore
Provisions for the quarter were over four-fold higher at Rs 110 crore against Rs 26 crore in the year-ago period. The bank's gross non-performing assets ratio stood at 2.52% at the end of June as compared with 2.23% three months back and 2.62% a year back.16.5 hours ago — Economic Times- Canara Bank Q1 Results: PAT up 10% at Rs 3,905 crore 16.5 hours ago — Economic Times
- AU Small Finance Bank Q1 results: Net profit surges 30% to Rs 502 cr 16.5 hours ago — Business Standard
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DLF Q1 Results: PAT at Rs 646 crore on strong sales booking
“We launched the second phase of our luxury project in New Gurugram- Privana West, which witnessed strong demand momentum and consequently was entirely sold-out clocking Rs 5,600 crore of new sales bookings,” DLF said in a statement.16.5 hours ago — Economic Times -
Ola To Unveil Electric Auto In Next Six Months, Car Not On The Cards
Ola’s key focus area continues to be electric scooters, and motorcycles, a production-ready version of which will be unveiled on Independence Day.16.5 hours ago — Bloomberg Quint -
FPIs Offload Rs 10,710 Crore Since Budget
Foreign portfolio investors offloaded stocks worth Rs 2,605.5 crore on Thursday.16.5 hours ago — Bloomberg Quint -
Mars Wrigley Aims To Sweeten India Market Share With Chocolate Gift Packs
The local arm of the $50-billion chocolate and confectionery manufacturer is targeting the premium gifting market.16.5 hours ago — Bloomberg Quint- Texmaco Rail To Acquire Jindal Rail Infra For Rs 465 Crore 16.5 hours ago — Bloomberg Quint
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RBI issues draft liquidity coverage ratio norms
LCR is a liquidity requirement for banks to maintain at all times a certain proportion of high-quality liquid assets (HQLA), including cash, reserves with central banks, and federal government bonds, which can easily be converted into cash.16.5 hours ago — Economic Times -
Trade Setup July 26: Nifty Will Find Support At 24,000-24,200 Range, Say Analysts
The benchmark equity indices ended little changed on Thursday as shares of Tata Motors and HDFC Bank helped erase losses after a lower open.17 hours ago — Bloomberg Quint -
Thyrocare expands Northern India presence with Polo Labs acquisition
This move will lead to Thyrocare integrating Polo Labs' 14 laboratories spread across Punjab, Haryana, and Himachal Pradesh into its existing network17 hours ago — Business Standard -
These 10 stocks hit a 52-week high and rallied up to 25% in a month
India's Sensex fell by 109 points to end at 80,039 on Thursday. Despite the decline, 10 stocks in the BSE100 index reached their highest prices in the past year.17 hours ago — Economic Times -
Adani Energy posts Rs 823 cr net loss in Q1 amid Dahanu divestment decision
Operational earnings before interest, taxation, depreciation and ammortisation (Ebitda), the company said, rose 30 percent to Rs 1628 crore17 hours ago — Business Standard -
Rupee strengthens as dollar weakens, ends at 83.69 against USD
The rupee strengthened moderately on Thursday, before touching a new low of 83.72, due to weaker dollar index, stronger Asian currencies like the Chinese yuan and Japanese yen and likely intervention from the Reserve Bank of India.17 hours ago — Economic Times -
AU Small Finance Bank Q1 Results: PAT up 30% to Rs 503 crore, NII up 54%; to apply for universal banking licence
The bank has received its board approval for applying for the coveted license. The board has also formed a committee of directors to vet the application. The committee includes chairman HR Khan, independent directors Pushpinder Singh and MS Sriram and managing director Sanjay Agarwal.17.5 hours ago — Economic Times -
Apollo Tyres plans to become net zero by 2050, says Chairman
17.5 hours ago — The Hindu Business -
US stocks open muted after strong US GDP data
U.S. indexes opened steady on Thursday, buoyed by robust economic growth data following a downturn influenced by megacap stocks the previous day. The Dow fell slightly to 39,828.63, the S&P 500 edged up to 5,428.70, and the Nasdaq rose to 17,352.64 at the opening bell.17.5 hours ago — Economic Times -
SJVN Bags Rs 13,000 Crore Pumped Storage Project In Mizoram
The Darzo Lui Pumped Storage Project, with an installed capacity of 2,400 megawatts, is proposed to be developed across Darzo Nallah, a tributary of the Tuipui River.18.5 hours ago — Bloomberg Quint -
Gold Price Today: Yellow metal prices fall by Rs 1,350/10 gram, silver crashes by over Rs 4,000/kg. Here’s why
Domestic gold prices fell by 2%, or Rs 1,350 per 10 grams on Thursday, following international trends. Silver prices also dropped sharply by nearly 5%. The dip came as investors awaited US economic data that could influence Federal Reserve rate cuts. The moves were partly driven by profit booking and institutional repositioning.18.5 hours ago — Economic Times -
Top 10 Most Valued Firms Lose Rs 4,086 Crore Market Cap As ICICI Bank, ITC Drag
Among the top 10 valued firms, L&T gained the most, with its market cap rising by Rs 14,095 crore to Rs 4.97 lakh crore.18.5 hours ago — Bloomberg Quint -
SEBI's Settlement Order For Piramal: All You Need To Know About The Terms
SEBI conducted an investigation involving Piramal Enterprises focusing on potential misuse of unpublished price-sensitive information related to the company's financial results.18.5 hours ago — Bloomberg Quint -
Airtel Africa reports $7 million net profit for Q1, revenue drops 16%
The decline in revenue reflects the impact of currency devaluation, particularly in Nigeria, the company said18.5 hours ago — Business Standard -
Westlife Foodworld Q1 Results: Net profit declines 88% to Rs 3.25 crore
Westlife Foodworld, operator of McDonald's restaurants in West and South India, on Thursday reported an 88.72 per cent decline in its consolidated net profit to Rs 3.25 crore for the June 2024 quarter on account of subdued in-store business and higher royalty costs. The company reported a consolidated net profit of Rs 28.83 crore in the April-June quarter a year ago, according to a regulatory filing.18.5 hours ago — Economic Times- Tech Mahindra Q1 Results: Profit jumps 23% YoY to Rs 851 crore, misses estimates 18.5 hours ago — Economic Times
- Hindustan Media Ventures Q1 results: Profit tanks over 91% to Rs 0.52 cr 18.5 hours ago — Business Standard
- Adani Green Q1 Results: Profit rises 38% YoY to Rs 446 crore 18.5 hours ago — Economic Times
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Ola Electric suspends India car project to focus on scooters, bikes: Report
Ola had planned to launch e-sports car this year19 hours ago — Business Standard -
Eicher Motors, Can Fin Homes among 4 stocks with long unwinding
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Tech View: 20-DEMA key support for Nifty. Here’s how to trade on Friday
Nifty ended Thursday expiry on a flat note but formed a bullish counterattack-type pattern on the daily chart despite a weak global trade setup. The index is currently holding immediate and key support at its 20-daily EMA, and maintaining this level will help attract bullish strength, according to chartists.19 hours ago — Economic Times -
Tata Motors' market capitalisation crosses Rs 4 trillion for the first time
Tata Motors is currently the second-most valuable company in the salt-to-software Tata Group after Tata Consultancy Services19.5 hours ago — Business Standard- Tata Motors Market Cap Surpasses Rs 4-Lakh-Crore Mark 19.5 hours ago — Bloomberg Quint
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First draft of revised direct tax code in 6 months: Revenue secretary
Malhotra said that the exercise is not linked to bringing a new Direct Tax Code, but a comprehensive review of the income tax law19.5 hours ago — Business Standard -
Say Goodbye To 9-5 Jobs By 2034, Says LinkedIn Co-founder Reid Hoffman
AI should be a tool for human amplification, not a replacement, Hoffman posted on X, formerly Twitter.19.5 hours ago — Bloomberg Quint -
Rupee May Continue To Touch Fresh Lows As Dollar-Demand Rises
Importers have been aggressively purchasing the dollar to benefit from a relatively lower rate of crude oil prices, forex traders say.19.5 hours ago — Bloomberg Quint -
HMD debuts Crest series 5G smartphones in India with focus on repairability
The HMD Crest series encompasses two identical looking models, the Crest and Crest Max, with different camera setups and RAM and storage configurations19.5 hours ago — Business Standard -
Embassy REIT Q1 Results: NOI sees 4% jump, 70% YoY growth on leasing witnesses
Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, achieved a net operating income (NOI) for the commercial segment of Rs 678 crore marking a 4% increase for the first quarter of FY2025, compared to the corresponding period last year.20 hours ago — Economic Times -
JK Cement well placed given cost control, capacity expansion plan
The June 2024 quarter’s financial performance and post earnings’ commentary of mid-sized cement firm JK Cement have reinforced analysts’ optimism about the company’s ability to perform better than its peers.20 hours ago — Economic Times -
Axis Bank's Asset Quality Dip In Q1 Is Neither Seasonal Nor Normal
This is first time in three years that the bank has seen a spike in its NPA ratio in Q1 of a financial year.20 hours ago — Bloomberg Quint -
Rupee falls one paisa to close at all-time low of 83.72 against U.S. dollar
Forex traders said the fall in domestic unit came on the heels of a significant downturn in the Indian equity markets20 hours ago — The Hindu Business- Rupee slips to all-time low of 83.72 against US dollar in early trade 20 hours ago — Economic Times
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Westlife Foodworld posts Q1 profit drop on higher costs, weak demand
Revenue from operations was little changed at Rs 616 crore20 hours ago — Business Standard -
IDBI Bank investors receive security clearance; await RBI approval
Central government and LIC are set to divest 61% stake amid strategic disinvestment drive. The govt aims to generate Rs 50,000 crore through asset monetisation this fiscal year20.5 hours ago — Business Standard -
Adani Energy Solutions Q1 Results: Net loss at Rs 824 crore, revenue jumps 47% YoY
Adani Energy Solutions recorded a Rs 824 crore net loss for June 2024, a shift from Rs 175 crore profit last year. Quarterly revenue rose 47% to Rs 5,379 crore from Rs 3,664 crore.20.5 hours ago — Economic Times- Adani Green Q1 Results: Profit rises 38% YoY to Rs 446 crore 20.5 hours ago — Economic Times
- Adani Green Energy Q1 Results: Profit Nearly Doubles To Rs 629 Crore 20.5 hours ago — Bloomberg Quint
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Nifty, Sensex Little Changed After Volatile Session; Axis Bank, ICICI Bank Drag: Market Wrap
ITC, Infosys and Titan also weighed on the Nifty.20.5 hours ago — Bloomberg Quint -
Warnings pile up as govt, Sebi seek to curb stock frenzy
A study released by the Securities and Exchange Board of India on Wednesday revealed that seven out of 10 intraday trades in the cash equity market made losses in the year ended March 2023.20.5 hours ago — Economic Times -
Adani Energy Solutions Q1 Results: Revenue Up 47% At Rs 5,379 Crore
The Adani Group company led by billionaire Gautam Adani reported a 47% year-on-year increase in revenue to Rs 5,379 crore.20.5 hours ago — Bloomberg Quint- Adani Green Q1 Results: Profit rises 38% YoY to Rs 446 crore 20.5 hours ago — Economic Times
- Adani Green Energy Q1 Results: Profit Nearly Doubles To Rs 629 Crore 20.5 hours ago — Bloomberg Quint
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Yen surges as traders brace for interest rate shift while risk mood sours
The yen rallied for a fourth day running on Thursday, reaching a a six-week high, as traders ditched their long-running bets against the currency and a plunge in global stocks drove investors towards traditionally safe assets.20.5 hours ago — Economic Times -
Ashok Leyland Q1 results: PAT dips 6%, total income at Rs 10,754 cr
Ashok Leyland Chairman Dheeraj Hinduja said the commercial vehicle industry continues to maintain the growth momentum, contrary to the expectations at the start of the year20.5 hours ago — Business Standard- PNB Housing Finance Q1 result: PAT rises 25% to Rs 433 cr on steady demand 20.5 hours ago — Business Standard
- Ashok Leyland Q1 Results: Profit Drops 8.7%, In Line With Estimates 20.5 hours ago — Bloomberg Quint
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Stock Market Highlights, July 25: Nifty holds 24,400 amid F&O expiry; Axis Bank falls 5%, TaMo up 6%
Stock Market Highlights today, July 25: The BSE Sensex index ended at 80,040, down 109 points. The BSE Midcap, and SmallCap indices closed 0.2 per cent and 0.14 per cent lower, respectively20.5 hours ago — Business Standard -
Gainers & Losers: Adani Green, Axis Bank among 10 stocks in limelight on Thursday
Sensex slipped 0.14% (down 109.80 points), Nifty50 edged 0.03% lower (down 7.40 points). Here are the most active stocks from Thursday.21 hours ago — Economic Times -
D-Street ends lower for 5th straight session weighed by Axis Bank, weak global peers
The 30-share BSE benchmark Sensex fell 109 points or 0.14% to settle at 80,039. The broader NSE Nifty dropped 7 points or 0.03% to end at 24,406.21 hours ago — Economic Times -
IndusInd Bank Q1 preview: 16% YoY PAT growth seen but higher cost of funds to hit earnings sequentially
IndusInd Bank is expected to report a net profit in the range of Rs 2,140 to Rs 2,456 crore for the quarter ended June 30, 2024, according to the estimates by brokerages. The growth in the April-June quarter profit after tax (PAT) could be between 0.7% and 15.6% on a year-on-year (YoY) basis, these estimates revealed, indicating a wide range in PAT growth.21 hours ago — Economic Times -
Higher order intake, improving margin may help L&T stock to reduce market under performance
A significant June quarter growth in Larsen and Toubro’s core order inflow, which excludes services and development businesses, exceeded market expectations.21 hours ago — Economic Times -
Rupee closes higher aided by yuan rally; forward premiums tick up
The Indian rupee closed slightly stronger at 83.6975 against the U.S. dollar, helped by Reserve Bank interventions and a rally in the Chinese yuan.21 hours ago — Economic Times -
Airtel Africa reports $31 mn net profit in Q1FY25 on lower finance costs
Bharti Airtel’s Africa business reported a $31 million net profit in the first fiscal quarter, reversing a $151 million net loss year-on-year, aided by reduced net finance costs and mobile money growth.21 hours ago — Economic Times -
Nvidia starts supply of new AI chips to Tata Communications, Jio Platforms
In September last year, tech giant Nvidia said that it is partnering with Reliance and Tata group companies to support the creation of AI-driven supercomputers, AI clouds, and GenAI applications21.5 hours ago — Business Standard -
Tata Motors Upgrade By Nomura Helps Nifty Auto Surge In Trade
According to Nomura, Jaguar Land Rover’s execution could lead to significant upside.21.5 hours ago — Bloomberg Quint -
Nestle cuts sales outlook as consumers become increasingly cost-conscious
"There is value-seeking behaviour among consumers. There is pressure, especially at the low-income range," CEO Mark Schneider said in a media call21.5 hours ago — Business Standard -
Liquor Stocks Rise On Report Of Andhra Pradesh Buying Spirits From Top Brands
Andhra Pradesh will reportedly resume procurement of liquor from top brands and will announce a new liquor policy soon.21.5 hours ago — Bloomberg Quint -
Indigo Q1 preview: PAT may go decline by up to 28% YoY on weak load factor, Delhi T1 crisis
InterGlobe Aviation, India’s top airline by market share, was expected to see a substantial drop in its year-on-year net profit for Q1FY24 due to higher fuel costs, a weak load factor, and the Delhi T1 terminal roof collapse. Brokerage estimates indicated mixed sequential profit growth and varying revenue projections.22 hours ago — Economic Times -
South Korea's Hyundai Motor posts record Q2 profit on strong US sales
The automaker, however, warned of an uncertain outlook due to intensifying price competition as inflation and high interest rates squeeze consumers22 hours ago — Business Standard -
Cipla Q1 results preview: PAT may grow 6.5-14% YoY, up to 10% growth seen in revenue
Cipla reported Q1FY25 net profit expected between Rs 1,061-1,135 crore, with YoY growth of 6.5%-14%. Revenue estimated at Rs 6,749-6,879 crore, up 7%-10% YoY. Analysts from Kotak, Axis, JM Financial, and InCred provide diverse profit and revenue expectations based on domestic sales, US contributions, and acquisitions.22 hours ago — Economic Times -
Gland Pharma’s Hyderabad Facility Gets Two US FDA Observations
The two observations received were neither repeated nor related to data integrity, the company said.22.5 hours ago — Bloomberg Quint -
33 preferred stock picks from Nomura across sectors post Union Budget
New government's first Budget prioritizes fiscal consolidation with minimal impact on earnings. Nomura bullish on 33 preferred stocks across sectors despite valuation concerns from capital gains tax hikes.22.5 hours ago — Economic Times -
Tata Consumer announces Rs 3,000 crore rights issue; ex-date tomorrow
Tata Consumer Products announced a Rs 3,000 crore rights issue to eligible shareholders, offering 3.67 crore equity shares at Rs 818 each. The ex-rights date was July 26, and the record date was July 27. The issue opens on August 5 and closes on August 19.22.5 hours ago — Economic Times -
7 smallcap stocks double investors' wealth in FY25, backed by over 20 MF schemes
Seven smallcap stocks, held by more than 20 mutual fund schemes, have surged over 100% in FY25 to date. Overall, 16 small-cap stocks have achieved triple-digit gains in FY25.23 hours ago — Economic Times -
Capital Gains Tax Hike Makes Arbitrage Funds Less Attractive For Certain Investors — Here's Why
Investors in the 15% tax bracket or lower will lose the tax advantage.23 hours ago — Bloomberg Quint -
Jio Things launches MediaTek-powered 4G Android Cluster, Module for 2W EVs
Jio Things smart digital cluster is based on AvniOS, an Android Open Source Project-based operating system designed to offer real-time data analytics, customisable interfaces, and voice controls23 hours ago — Business Standard -
What should you do with Nestle stock after its Q1 earnings? Preeyam Tolia answers
So, if you see from a medium-term perspective or a shorter-term perspective, there could be some pressure because of the margin pressure. But on a longer-term basis, we continue to remain positive on Nestle because there are two-three reasons for that.23 hours ago — Economic Times -
Budget is not all about taxes; there’s also a signalling on more even wealth distribution: N Jayakumar
N Jayakumar, MD of Prime Securities, emphasized the importance of inclusive growth in India post-Covid. He highlighted the need for fair wealth distribution through increased taxes on high earners. Jayakumar also pointed out the strength of the retail investor base in India and recommended sectors like telecom infrastructure, generic pharmaceuticals, and sustainability for investment.23 hours ago — Economic Times -
Govt, Sebi warnings pile up as retail participation in stock mkt explodes
The regulator has repeatedly urged small investors to resist their instinct to make a quick buck from trading23 hours ago — Business Standard -
Bitcoin drops to $64,000 amid global equity sell-off
Cryptocurrency markets experienced significant declines as global tech stock slumps pushed investors toward safer assets. Bitcoin and Ethereum dropped sharply, with the overall crypto market cap falling to $2.31 trillion.23.5 hours ago — Economic Times -
Canara Bank Q1 Results: Profit rises 10% YoY to Rs 3,905 crore, NII up 6%
Canara Bank Q1 Results: Net interest income or NII during the reporting quarter increased 6% year-on-year to Rs 9,166 crore as against Rs 8,666 crore in the last year period. Provisions for Q1 fell 16% YoY to Rs 2,282 crore, of which provisions for the non-performing assets declined 10% YoY.23.5 hours ago — Economic Times -
Ujjivan Small Finance Bank Q1: Profit Down 7% On Higher Provisions
Net interest income for the lender rose 19% year-on-year to Rs 942 crore. Other income increased 11.1% to Rs 197 crore on a yearly basis.23.5 hours ago — Bloomberg Quint -
In fuel-guzzling Saudi Arabia, electric cars pique interest
Although the EV market in the world's largest oil exporter remains small compared with the United States and China, it tripled last year to nearly 800 cars, according to Saudi business news outlet Al-Iqtisadiyah23.5 hours ago — The Hindu Business -
Ashok Leyland Q1 Results: Profit falls 9% YoY to Rs 526 crore, misses estimates
Ashok Leyland reported a 9% YoY decline in net profit to Rs 526 crore for Q1 ending June 2024, missing estimates. Revenue rose 5% to Rs 8,599 crore. The company saw strong demand across all segments, contributing to its highest-ever Q1 CV volumes. EV subsidiary Switch Mobility launched its second e-LCV. Shares traded slightly lower.23.5 hours ago — Economic Times -
Akums Drugs and Pharmaceuticals Rs 1,857 crore IPO opens Tuesday. Check price band, other details
Akums Drugs and Pharmaceuticals' Rs 1,857 crore IPO opened from July 30 to August 1, featuring a Rs 680 crore fresh issue and 1.73 crore shares OFS at Rs 646-679 per share. The IPO reserved 75% of shares for QIBs, 15% for non-institutional, and 10% for retail investors. Listing will occur on August 6.23.5 hours ago — Economic Times -
JM Financial increases target price for Suzlon; sees upside potential of up to 14%
JM Financial raised Suzlon Energy's target price to Rs 71 after a stellar Q1 FY25, driven by a record 3,817 MW order book and strong execution momentum. Suzlon's shares, up 231% in the past year, reflected these positive results. However, Nuvama downgraded the stock to 'hold' with a Rs 64 target price as it believes gains are priced in.23.5 hours ago — Economic Times -
SBI Life shares climb 3% to 52-week high after Q1 results. Should you invest?
SBI Life reported a 36% increase in Q1 net profit to Rs 520 crore, leading to shares reaching a 52-week high. Analysts recommend buying the stock due to the company's growth and strategic advantages. Read the full article for details.1 day ago — Economic Times -
Mystore Introduces AI-Powered Semantic Search For ONDC Network
By enabling AI-enabled semantic search on its ONDC Network Buyer App, Mystore aims to provide buyers with accurate and relevant product matches, which could enhance product visibility and foster higher engagement and conversion rates.1 day ago — Bloomberg Quint -
FMCG Brands Are Finding It Hard To Sustain Launches Amid Rising Competition: Kantar
'Launching new products is becoming more difficult than ever,' K Ramakrishnan, managing director at Kantar Worldpanel, told NDTV Profit.1 day ago — Bloomberg Quint -
Federal Bank Remains Brokerages' Top Pick After Stellar Q1 Results, New CEO
The bank appears better placed than peers on access to retail deposits, Morgan Stanley said.1 day ago — Bloomberg Quint -
Nifty, Sensex Pare Losses Led By Gains In HDFC Bank, L&T, Tata Motors: Midday Market Update
At 12:00 p.m., the Nifty 50 was trading 0.25% lower at 24,352.30, and the Sensex fell 0.33% to trade at 79,880.6.1 day ago — Bloomberg Quint -
Foreigners sell nearly $1 billion in equities in two days since Budget
The increase in capital gains tax is clearly a negative even if the increase on long-term gains is moderate, said Ashish Gupta, chief investment officer at Axis Mutual Fund1 day ago — Business Standard -
This smallcap multibagger stock rallies 16% on stellar Q1 earnings
PG Electroplast's shares surged 16% to a record high after a stellar Q1 performance. Consolidated net profit rose 151.2% to ₹84.93 crore, with operating revenues up 94.9% YoY. The company's capital efficiency and expanding infrastructure support strong future growth prospects.1 day ago — Economic Times -
U.S. oilfield firms slash prices as mega-mergers shrink customer base
U.S. oil producers, also known as operators, announced more than $275 billion in deals over the past year and a half, including multi-billion-dollar combinations such as Exxon Mobil and Pioneer Natural Resources1 day ago — The Hindu Business -
Indian Stocks' Next Leg Of Rally Hinges On Revival Of These Underperforming Sectors
The catch-up rally in the technology stocks to the benchmarks that begin with the first-quarter earnings is likely to continue going forward.1 day ago — Bloomberg Quint -
Budget 2024 Misses: Financing The Green For Viksit Bharat
As the seventh most vulnerable country globally, the lack of mention of climate financing in the Union budget represents a significant oversight.1 day ago — Bloomberg Quint -
OPPO Reno 12 smartphone goes on sale with introductory offers: Price, specs
OPPO Reno 12 smartphone is offered in 8GB RAM 256GB storage configurations at Rs 32,999. Customers can avail a cashback of up to Rs 3,000 from select bank cards1 day ago — Business Standard
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