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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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Q2 Review: Here's what analysts expect from ICICI Bank

Q2 Review: Here's what analysts expect from ICICI Bank

Mon, Nov 07, 2016

While Kotak Institutional Equities in one of its reports said, “Performance of ICICI Bank will be keenly watched as analyst expects slippage ratio to further decline from 1QFY16 levels as key portfolios have already taken a fair bit of pain.”

PNB Housing Finance surges 14% on market debut

PNB Housing Finance surges 14% on market debut

Mon, Nov 07, 2016

Shares of PNB Housing Finance was trading at Rs 880 on BSE, soaring by 13.55% from its issue price of IPO.

Global cues depress Indian equity markets

Global cues depress Indian equity markets

Sat, Nov 05, 2016

The negative global sentiments dragged the key domestic indices lower -- by more than 2% each -- even as positive domestic cues such as the Goods and Services Tax (GST) Council`s consensus on the rate slabs and healthy macro-data failed to uplift investors` sentiments.

Aditya Birla Fashion ties up with Ted Baker

Aditya Birla Fashion ties up with Ted Baker

Fri, Nov 04, 2016

Ashish Dikshit, Business Head of Aditya Birla Fashion said,"We are happy to join hands with Ted Baker and build a strong presence for the brand with Indian consumers. With this partnership we will enable our customers to explore a whole new world of creativity in fashion for men and women."

SUUTI sells 1.63% stake in L&T for Rs 2100 crore

SUUTI sells 1.63% stake in L&T for Rs 2100 crore

Fri, Nov 04, 2016

Neeraj Kumar Gupta, secretary for Department of Investment and Public Asset Management, in New Delhi told reporters that the government had offered 1.5% of its stake in the company to investors but got offers for 1.63% stake.

ITC, VST, Godfrey jump as GST Panel sets tobacco rate at 65%

ITC, VST, Godfrey jump as GST Panel sets tobacco rate at 65%

Fri, Nov 04, 2016

Finance Minister Arun Jaitley led GST panel yesterday fixed the rate structure, under which they stated that tobacco will be taxed at 65% rate.

Metals, oil and gas give most returns this year so far

Metals, oil and gas give most returns this year so far

Thu, Nov 03, 2016

Metal stocks have grown by 39% since January and 63% from the February 2016 lows. Oil and gas stocks have risen by 28%, followed by auto with a growth of 19% and banking with 15% increase.

After SBI, ICICI Bank trims it's home loan rate

After SBI, ICICI Bank trims it's home loan rate

Thu, Nov 03, 2016

he bank's entire floating rate in regards to home loan is benchmarked to 1 year MCLR of 8.95%.

GNFC shares crash on plant shutdown

GNFC shares crash on plant shutdown

Thu, Nov 03, 2016

Shares of Gujarat Narmada Valley Fertilizers & Chemical touched a new low of Rs 215 per share on Thursday after the company said it has shut down its Dahej plant on account of gas leak.

SBI cuts home loan interest rates

SBI cuts home loan interest rates

Wed, Nov 02, 2016

As per its website, home loan for women will be 20 basis points above 1 year marginal cost of lending rate which translates it into 9.10%. Interest rate on home loans below Rs 75 lakhs for others will be available at 9.15% - which is 25 basis points above its benchmark.

Tech Mahindra's Q2 net falls 18%

Tech Mahindra's Q2 net falls 18%

Thu, Oct 27, 2016

While CP Gurnani, Managing Director & CEO of Tech Mahindra said,"Overall it was a very good quarter for us with the growth well-supported by our key communications and enterprises businesses. We had some marquee wins which align very well with our strategy of catering to the connected world."

Hero MotoCorp invests in smart electric-vehicle maker

Hero MotoCorp invests in smart electric-vehicle maker

Thu, Oct 27, 2016

Hero MotoCorp said, "Adoption of environment-friendly fuel is a priority for Hero MotoCorp, as is propagating sustainable manufacturing through green facilities. With this Hero Motocorp intends to enhance its participation in the EV space by pursuing its internal EV program in addition to partnering with Ather.

Infosys Wipro, HCL Tech saw decline in market cap days after Q2

Infosys Wipro, HCL Tech saw decline in market cap days after Q2

Mon, Oct 24, 2016

Till last week, these companies contributed nearly Rs 18,191.29 crore market value on BSE.

Adani Power net loss narrows to Rs 114.40 crore; shares down

Adani Power net loss narrows to Rs 114.40 crore; shares down

Mon, Oct 24, 2016

"Adani Power expects to benefit from improved domestic coal availability through recently announced special forward coal e-auction scheme for the power sector," said Jaain.

JSW Energy, Swaziland Electricity Co sign MoU for setting up thermal power plant

JSW Energy, Swaziland Electricity Co sign MoU for setting up thermal power plant

Mon, Oct 24, 2016

It said, "The capacity of power plant to be set up will decided by JSW Energy in consultation with SEC based on the coal resources found during the exploration of an area of approximately 16,000 hectares to be prospected by JSW Energy under a prospecting license granted to them."

Mindtree shares tumbled 5% after Macquarie's rating cut

Mindtree shares tumbled 5% after Macquarie's rating cut

Mon, Oct 24, 2016

This Q2, Mindtree's net profit declined by 37.13% year-on-year (yoy) to Rs 94.8 crore, while total income from operations was down by 10.07% yoy to Rs 1182.5 crore.

Endurance Technologies' jumps 25% on its listing debut; Actis exits Co

Endurance Technologies' jumps 25% on its listing debut; Actis exits Co

Wed, Oct 19, 2016

UK-based private equity Actis Advisers Pvt Ltd issued a statement saying that it has exited Endurance Technologies via IPO. It had 13.72% stake in the IT company.

Mastek shares soar 14% on robust Q2 net profit

Mastek shares soar 14% on robust Q2 net profit

Tue, Oct 18, 2016

Abhishek Singh, Group CFO, Mastek said,"The financial performance was in line with our expectations. The margin improvement initiatives started in prior quarters have started to yield result. While we expect topline to be under pressure due to adverse movement in GBP, we expect the profitability momentum to continue in H2 FY17."

Netflix subscriptions boom around world, shares jump 20%

Netflix subscriptions boom around world, shares jump 20%

Tue, Oct 18, 2016

Netflix, which has spent heavily to expand outside its home market, also said that it was on track to start harvesting "material global profits" next year, even as it raised spending on original programming.

Zensar Technologies tumble 4% as net profit declines

Zensar Technologies tumble 4% as net profit declines

Tue, Oct 18, 2016

In quarter ended September 30, 2016, the company reported net profit of Rs 74.54 crore, a decline of 22.81% from Rs 96.57 crore a year ago same period.

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