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Nifty IT Index Surges Post Strong Q3 Results from Infosys and TCS | Stock Market News

Nifty IT Index Surges Post Strong Q3 Results from Infosys and TCS | Stock Market News

Fri, Jan 12, 2024

Indian IT stocks witnessed a significant jump on Friday following earnings releases from Infosys and Tata Consultancy Services (TCS) the previous day. Both companies' financial performance surpassed analyst expectations, boosting investor confidence and driving share prices higher.

Why LIC Stock Is Trading In Green Despite New GST Demands | Stock Market News

Why LIC Stock Is Trading In Green Despite New GST Demands | Stock Market News

Thu, Jan 04, 2024

Life Insurance Corporation shares rose for a second day, gaining 1% despite receiving GST demands totaling Rs 667.5 crore from three states. LIC will appeal the demands related to alleged improper Input Tax Credit claims.

LIC Shares Spotlight: PSU Insurer Granted Extension on Minimum Public Holding Compliance!

LIC Shares Spotlight: PSU Insurer Granted Extension on Minimum Public Holding Compliance!

Fri, Dec 22, 2023

Big relief to LIC from the government - Relaxation in minimum shareholding rule, how much benefit to LIC shareholders? How will be the future growth of LIC? Know complete details from Varun Dubey...

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BSE, NSE open flat; auto, bank stocks lead fall

BSE, NSE open flat; auto, bank stocks lead fall

Thu, Dec 01, 2016

On BSE, Auto index was trading at 20000.57 below 144.05 point or 0.72 and that of S&P Bankex index was at 21205.58 down by 110.43 point or 0.52%.

Oil, dollar and bond yields sharply higher after OPEC deal

Oil, dollar and bond yields sharply higher after OPEC deal

Thu, Dec 01, 2016

The Organization of the Petroleum Exporting Countries on Wednesday agreed to its first output cut since 2008, with Saudi Arabia accepting "a big hit" on its production. Non-OPEC Russia will also join output reductions for the first time in 15 years to help OPEC prop up oil prices.

Gujarat State Petronet Q2 net profit rises by 19% to Rs 130 crore, shares gain

Gujarat State Petronet Q2 net profit rises by 19% to Rs 130 crore, shares gain

Wed, Nov 30, 2016

Gujarat State Petronet Limited (GSPL) on Wednesday reported net profit of Rs 129.83 crore for the second quarter ended September 30, 2016, registering a growth of 18.83% year-on-year (yoy) and 7.06% on a quarter-on-quarter (qoq) basis.

Tata Chemicals EGM to consider removal of Cyrus Mistry, Nusli Wadia

Tata Chemicals EGM to consider removal of Cyrus Mistry, Nusli Wadia

Mon, Nov 28, 2016

Tata Sons' statement said, "Nusli Wadia acting in concert with Cyrus Mistry has been acting against the interests of Tata Chemicals and its principal shareholder by galvanising independent directors and mobilising opinion, forcing disruptions, and issuing a statement that in our view is contrary to the interests of the company."

Banking stocks crash on RBI's cash control measures

Banking stocks crash on RBI's cash control measures

Mon, Nov 28, 2016

On November 29, RBI stated that it plans to occupy the excess liquidity in the Indian banks by applying an incremental cash reserve ratio (CRR) as a purely temporary measure. At present, the CRR remains unchanged at 4%.

SpiceJet's profit rises 103%, shares crash but recover

SpiceJet's profit rises 103%, shares crash but recover

Fri, Nov 25, 2016

Ajay Singh, Chairman & Managing Director, Spicejet said, “This was the weakest quarter of the year and despite the intense competition in the market, SpiceJet has performed exceptionally well. We continue to focus on responsible and profitable growth.”

Aditya Birla Fashion's Q2 rises by 7% to Rs 65 crore; shares flat

Aditya Birla Fashion's Q2 rises by 7% to Rs 65 crore; shares flat

Thu, Nov 24, 2016

Aditya Birla Fashion and Retail on Thursday reported net profit of Rs 64.89 crore for the second quarter ended September 30, 2016, registering a growth of 6.97% year-on-year.

PVR tanks 2% as chairman Ajay Bijli comes under Sebi radar

PVR tanks 2% as chairman Ajay Bijli comes under Sebi radar

Wed, Nov 23, 2016

Sebi has accused Bijli for alleged violations of Clause 49D of the erstwhile Listing Agreement and corresponding Regulation 17(5) and of Clause 36 of the erstwhile Listing Agreement and corresponding Regulation 30 of LODR.

Sun Pharma to acquire Russia's JSC Biosintez; shares up

Sun Pharma to acquire Russia's JSC Biosintez; shares up

Wed, Nov 23, 2016

“With this move, we plan to acquire the product portfolio and local manufacturing capability in Russia which would help in expanding our presence in Russia and serving Russia pharmaceutical market more effectively,” Sun Pharma said in a statement.

Sensex opens in green, flirts with 26000-mark

Sensex opens in green, flirts with 26000-mark

Wed, Nov 23, 2016

Top gainers on BSE were - Larsen & Toubro at Rs 1377.50 (3.63%), followed by Tata Steel at Rs 385.10 (1.88%), Power Grid at Rs 187.05 (1.60%), Asian Paints at Rs 921.45 (1.55%) and Sun Pharma Industries at Rs 695.50 (0.83%).

L&T's construction arm wins orders worth Rs 1926 crore; shares down ahead of Q2

L&T's construction arm wins orders worth Rs 1926 crore; shares down ahead of Q2

Tue, Nov 22, 2016

The company received a major order from Odisha Power Transmission Corporation Ltd. (OPTCL) for operating in five circles of the WESCO utility area in Odisha. For the same, it also bagged order from Madhyanchal Vidyut Vitaran Nigam Ltd. (MVVNL), Lucknow in three tehsils of Unnao district in the state of Uttar Pradesh.

TCS says Cyrus Mistry's removal in best interest of co

TCS says Cyrus Mistry's removal in best interest of co

Mon, Nov 21, 2016

It further said, "Mistry’s conduct has caused enormous harm to the Tata group, TCS and its stakeholders, including employees and shareholders. Following it, TCS are in agreement with removal of Mistry as Director of the company as the same would be in the best interests of TCS."

Ujjivan Financial raises Rs 225 crore through NCDs

Ujjivan Financial raises Rs 225 crore through NCDs

Wed, Nov 16, 2016

The NCDs are proposed to be listed on BSE and the company has received in-principle approval for the aforesaid NCDs.

LafargeHolcim increases stake in ACC, Ambuja Cement; shares slump

LafargeHolcim increases stake in ACC, Ambuja Cement; shares slump

Wed, Nov 16, 2016

On August 12, 2016, Ambuja Cement acquired stake in ACC. The deal involved Ambuja Cement issuing 58.4 crore shares worth Rs 11,200 crore to the Swiss parent, which would take its stake up to 61.39% from the current 50%. It also acquired 50.1% stake of Holcim in ACC.

HPCL misses estimates in Q2; plans to issue Rs 6000 crore NCDs

HPCL misses estimates in Q2; plans to issue Rs 6000 crore NCDs

Tue, Nov 15, 2016

HPCL missed estimates by reporting net profit of Rs 701.32 crore for second quarter September 30, 2016, against net loss of Rs 317.13 crore in the corresponding period of the previous year. A Bloomberg poll estimated net profit to be around Rs 1,050 crore for this quarter.

Sun Pharma Q2 net profit rises by 90%; India sales up by 11%

Sun Pharma Q2 net profit rises by 90%; India sales up by 11%

Fri, Nov 11, 2016

Pharma-giant Sun Pharma reported consolidated net profit of Rs 2471.11 crore for the second quarter September 30, 2016, recording robust rise of 90.20% year-on-year (yoy) and 8.96% quarter-on-quarter (qoq).

Cipla Quality Chemical Industries plans to enter IPO market

Cipla Quality Chemical Industries plans to enter IPO market

Fri, Nov 11, 2016

Cipla said," Certain shareholders may consider selling down part or all of their stake to enable sufficient free float and liquidity.The Cipla group intends to continue holding the majority of stake and control in the subsidiary."

BHEL shares rally as net profit rises to Rs 109 crore

BHEL shares rally as net profit rises to Rs 109 crore

Tue, Nov 08, 2016

Bharat Heavy Electrical Limited (BHEL) witnessed a net profit of Rs 109 crore for the second quarter ended September 30, 2016 as against a net loss of Rs 108.78 crore in the corresponding period of the previous year. Net profit grew 40.15% on a quarter-on-quarter (qoq) basis.

Bharat Forge net profit declines by 26%; export market to remain sluggish

Bharat Forge net profit declines by 26%; export market to remain sluggish

Tue, Nov 08, 2016

BN Kalyani, Chairman & Managing Director of Bharat Forge said, “We are starting to witness demand in global markets slowly turn positive once again. This has allowed BFL to offset sudden decline in domestic CV market and improve profitability on a sequential basis.”

HDFC Banks cut MCLR by 15 basis points

HDFC Banks cut MCLR by 15 basis points

Mon, Nov 07, 2016

Indian banks are needed to revise MCLR rate monthly by taking in account factors like the repo rate and other borrowing rates.

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