NEWS. Stock Market NEWS Updated Daily
NEWS. Stock Market NEWS Updated Daily
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NEWS. Stock Market NEWS Updated Daily
AstraZeneca admits its Covishield vaccine may lead to rare side effect
Astrazeneca has admitted for the first time in court documents that its covid vaccine can cause rare side effects, marking an about-turn that may open the door for a multi-million pound legal payout
Tag: Company India Source: business-standard.com Dated: 2024-04-29
KFin Tech Q4 results: PAT up 31% to Rs 74 crore on growth across verticals
Tech-driven financial services firm kfin technologies on monday reported a 30.6 per cent increase in profit after tax (pat) at rs 74.5 crore for three months ended march 2024, driven by growth across business verticals. in comparison, the company had poste
Tag: Company India Source: business-standard.com Dated: 2024-04-29
BSNL's 4G subscriber base reaches 800K, 5G rollout likely within 12 months
Though dot officials were earlier eyeing a 5g launch by the end of the year, the plan has now been deferred to next year
Tag: Company India Source: business-standard.com Dated: 2024-04-29
M&M aims to be among top 2 players in compact SUV section in 3 years
Mahindra & mahindra ltd on monday said it wants to be among the top two players in the compact suv section in the next three years. at the unveiling of its compact suv here on monday, m&m executive director and ceo for auto and farm director rajesh jejurik
Tag: Company India Source: business-standard.com Dated: 2024-04-29
UCO Bank Q4 results: Standalone net profit down 9.5% to Rs 525 crore
Uco bank on monday said that its board has approved the issuance of fresh equity shares with a face value of rs 4,000 crore in the current fiscal year. the kolkata-based bank also reported a standalone net profit of rs 525.77 crore for the fourth quarter e
Tag: Company India Source: business-standard.com Dated: 2024-04-29
Sun Pharma gets Rs 1.11 cr tax demand over disallowed input tax credit
Sun pharmaceutical industries ltd on monday said it has received a tax demand of over rs 1.11 crore from authorities over disallowed input tax credit. the company has received an order from the joint commissioner, cgst and central excise, passed under the
Tag: Company India Source: business-standard.com Dated: 2024-04-29
Baba Ramdev crossed line with false claims of curing Covid: IMA president
Baba ramdev crossed a red line when he claimed he could cure covid-19 and at the same time maligned modern medicine by calling it a "stupid and bankrupt science", indian medical association president dr r v asokan said on monday. this is ima's first commen
Tag: Company India Source: business-standard.com Dated: 2024-04-29
Added sugars in Cerelac within limits, charges untrue: Nestle India CMD
Narayanan reiterated that according to fssai, the maximum permissible limit for added sugars is 13.6 gram per 100 gram of feed, while nestle is at 7.1 gram of sugar per 100 gram
Tag: Company India Source: business-standard.com Dated: 2024-04-29
'Reliance buys its first Canadian crude from Trans Mountain pipeline'
Reliance joins a growing group of asian refiners in buying canadian crude to be exported from the new pipeline which is scheduled to start transporting oil in may
Tag: Company India Source: business-standard.com Dated: 2024-04-29
Global alternative firm Investcorp acquires NSEIT for Rs 1,000 crore
Nseit is a leading provider of advanced digital transformation and cybersecurity services focused on global customers in capital markets, insurance, and banking
Tag: Company India Source: business-standard.com Dated: 2024-04-29
Uttarakhand suspends licences of 14 products of Ramdev's pharma firms
Sc had recently criticised ramdev for not complying with its directives in an ongoing lawsuit to stop misleading advertisements of some of his traditional ayurvedic medicines
Tag: Company India Source: business-standard.com Dated: 2024-04-29
KEC International bags orders worth Rs 1,036 crore in India, abroad
Kec international on monday said it has secured new orders worth rs 1,036 crore in the domestic and international markets. the company's transmission & distribution (t&d) division has secured orders for setting up overhead transmission lines in the united
Tag: Company India Source: business-standard.com Dated: 2024-04-29
McDonald's set for weak sales growth amid muted fast-food traffic in US
'we expect traffic to continue to be negative, believe the average check will remain under pressure from the heavy discounting to recover lower-income consumer traffic,' btig analyst peter saleh said
Tag: Company India Source: business-standard.com Dated: 2024-04-29
Women working in cos leading in gender equality more productive: Survey
Around 41 per cent women have asked for a reduction in their hours, 31 per cent said it has negatively impacted their mental well-being
Tag: Company India Source: business-standard.com Dated: 2024-04-29
PNB Housing Finance Q4 results: Net profit rises 57% to Rs 439 crore
The net fees and other income increased to rs 110 crore in q4 fy24 from rs 33 crore in the corresponding quarter of the year-ago period
Tag: Company India Source: business-standard.com Dated: 2024-04-29
Ola Cabs CEO Hemant Bakshi quits; company to lay off 10% employees
Ola cabs is reportedly planning an initial public offering (ipo) to raise 0 million at a company valuation of about billion
Tag: Company India Source: business-standard.com Dated: 2024-04-29
Shoppers Stop Q4 results: Consolidated net profit rises 62% to Rs 23 cr
Retail chain shoppers stop ltd on monday reported a 62.55 per cent rise in consolidated net profit at rs 23.18 crore in the fourth quarter ended march 31, 2024. the company had posted a consolidated net profit of rs 14.26 crore in the same period a year-ag
Tag: Company India Source: business-standard.com Dated: 2024-04-29
KPIT Tech Q4 results: Net profit rises 49% to Rs 165 cr on revenue growth
Auto industry-focused kpit technologies on monday reported a 49 pc jump in march quarter net profit to rs 165.9 crore, helped by a strong revenue growth and widening of profit margins. the pune-headquartered company's fy24 net profit grew to rs 598.51 cro
Tag: Company India Source: business-standard.com Dated: 2024-04-29
Poonawalla Fincorp Q4 results: Net profit rises 67% to Rs 332 crore
Fy24 pat up 146 per cent year-on-year to rs 1,683 crore; aum crosses rs 25,000 crore
Tag: Company India Source: business-standard.com Dated: 2024-04-29
RBI cancels Acemoney (India's) NBFC licence citing violation of guidelines
The development follows a series of actions on other players in the industry on account of non-compliance
Tag: Company India Source: business-standard.com Dated: 2024-04-29
NSE to sell digital tech services unit to Investcorp for 0 million
The 10-billion-rupees deal was in line with nse's strategy to focus on its core business areas, said ashish kumar chauhan, the company's managing director and ceo
Tag: Company India Source: business-standard.com Dated: 2024-04-29
JSW group, Japan's JFE in race to acquire 30% in Australian mine
Several indian companies including tata power, adani, and the essar group had acquired coal mines overseas as part of their strategy to secure their raw material supplies
Tag: Company India Source: business-standard.com Dated: 2024-04-29
Gillette India March quarter results: Profit falls 4% to Rs 99.09 crore
Consumer goods makers are increasingly facing strong competition from smaller manufacturers who are better equipped to occupy shelf space due to declining commodity prices
Tag: Company India Source: business-standard.com Dated: 2024-04-29
Coromandel International to invest Rs 1,000 cr to set up plant in Andhra
Coromandel international, which is mainly in the fertiliser business, will invest rs 1,000 crore to set up a plant to produce phosphoric and sulphuric acid at kakinada in andhra pradesh. in a regulatory filing, the company said it has "commenced the projec
Tag: Company India Source: business-standard.com Dated: 2024-04-29
Manipal Hospitals to take 87% stake in Medica Synergie for Rs 1.4K crore
The acquisition comes as the hospital chain has been working towards expansion efforts. in september 2023, manipal hospitals had acquired an 84 per cent stake in emami group's amri hospitals
Tag: Company India Source: business-standard.com Dated: 2024-04-29
AU Small Finance Bank stock rallies over 6% on universal banking hopes
The central bank has laid down qualitative criteria of a satisfactory five-year track record, which will be evaluated post-application made by sfbs
Tag: Company India Source: business-standard.com Dated: 2024-04-29
Sebi asks AIFs to report PPM changes directly to reduce compliance cost
To facilitate ease of doing business, sebi on monday said certain changes in the private placement memorandum of alternative investment funds can be submitted directly to the regulator rather than through a merchant banker. the move would also rationalise
Tag: Finance India Source: business-standard.com Dated: 2024-04-29
Choose Aadhaar-based KYC: Once done, you may invest across fund houses
Keep aadhaar, registered mobile number and scanned documents handy before starting online procedure
Tag: Finance India Source: business-standard.com Dated: 2024-04-29
India's craze for 'chai destinations' surges before International Tea Day
Popular indian tea destinations, ooty, palampur, and chikmagalur, outpace darjeeling and munnar in web searches
Tag: Finance India Source: business-standard.com Dated: 2024-04-29
Tesla soars 12% on tentative approval for driving system in China
The developments came after tesla chief executive officer elon musk made an unannounced trip to china on sunday, seeking approval for driver-assistance software that could help arrest the carmaker’s revenue decline. while the company’s suite of feature
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
Bharti Airtel issues shares worth Rs 246 crore to FCCB holders
Following allotment of equity against the foreign currency convertible bond (fccb) the outstanding principal value of fccbs at singapore exchange has reduced to usd 204.690 million.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
UCO Bank Q4 Results: Net profit drops 9% YoY to Rs 526 crore on rise in operating expenses
The bank 's total provisions and contingencies were marginally higher at rs 467 crore as compared with rs 451 crore in the year-ago quarter, even as provisions to cover bad loans were 44% lower at rs 227 crore. the lender, however, has announced a dividen
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
Trent Q4 Results: Net profit surges five times to Rs 654 crore on exceptional income of Rs 543 crore
In its filing, trent said that this exceptional income is because the company had entered into a substantial number of lease contracts for store operations. the company reassessed the estimates of assets and lease liabilities, which resulted in an exceptio
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
Can Fin Homes Q4 Results: Net profit rises 26% YoY to Rs 209 crore
The board of the company has also approved raising up to rs 2100 crore by selling non-convertible debentures. this was part of the undrawn limit of the rs 4000 crore fundraising plan approved by the shareholders in july last year.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
Spandana Sphoorty Financial Q4 Results: Net profit rises 22% YoY to Rs 129 crore
Its quarterly net interest margin, a key profitability metrics, improved to 14.6% from 13.9% seen in the year ago quarter. this was helped by a lower incremental cost of borrowing to 11.7% for the quarter while the average cost of funds was 12.2% for fy24.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
ET Market Watch: Sensex rallies over 940 points today! Here are 5 factors behind the rally
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
RBI issues draft framework for electronic trading platforms
the reserve bank of india on monday proposed a revised regulatory framework for electronic trading platforms (etps) in the wake of increased integration of the onshore forex market with offshore markets.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
Ahead of Market: 10 things that will decide D-Street action on Tuesday
Indian shares rose on monday as gains in the second-largest private lender icici bank on better-than-expected quarterly profit spurred a rise in heavyweight financials.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
UCO Bank Q4 Results: PAT drops over 9% YoY to Rs 526 crore
Total income earned in the reported quarter stood at rs 6,984.61 crore, up 17% from rs 5,946.94 crore reported in the year-ago period. the psu bank's board also recommended a dividend of rs 0.28 per equity share.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
These 4 FMCG stocks hit fresh 52-week highs; rallied up to 67% in a month
This measure helps evaluate a stock's current worth and predict possible price changes in the future.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
NSE board to consider issuance of bonus shares this Friday
On the day, the board of directors will consider and approve the annual audited financial results on the standalone and consolidated basis for the year ended as on march 31, 2024. it is also expected to recommend the final dividend for the financial year 2
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
Sebi gives nod to ICRA's arm to provide ESG ratings
Capital markets regulator sebi has given approval to icra's subsidiary pragati development consulting services ltd (pdcsl) to provide environmental, social, and governance (esg) ratings.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
Sebi asks AIFs to report PPM changes directly to streamline compliance cost
To facilitate ease of doing business, sebi on monday said certain changes in the private placement memorandum of alternative investment funds can be submitted directly to the regulator rather than through a merchant banker.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
Tata Chemicals Q4 Results: Co in red after 9 years on one-time charge, poor soda ash demand
India's tata chemicals reported its first quarterly loss in nine years on monday, hurt by a one-time charge incurred in its uk operations along with lower prices and demand of soda ash.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
Shoppers Stop Q4 Results: Consolidated net profit rises 62% to Rs 23.18 crore
Retail chain shoppers stop ltd on monday reported a 62.55 per cent rise in consolidated net profit at rs 23.18 crore in the fourth quarter ended march 31, 2024. the company had posted a consolidated net profit of rs 14.26 crore in the same period a year-ag
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
Birlasoft Q4 Results: Net profit jumps 60% YoY to Rs 180 crore
The growth in profit in q4 comes on the back of a surge in non-core income, a slight increase in operating margin and a decline in employee expenses. operating margin jacked up by 33 bps (3.8% qoq) to end at 14.7% in the final quarter of fy24.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
RBI asks lenders to comply with fair lending practices
Some lenders are resorting to certain unfair practices in charging interest rates such as charged interest on loans from the date of sanctioning or execution of the loan agreement rather than from the date of disbursement.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
Poonawalla Fincorp Q4 Results: Profit jumps 67% YoY to Rs 332 crore
Poonawalla fincorp on monday reported a 67 per cent jump in consolidated net profit to rs 332 crore in the march quarter. the company had posted a net profit of rs 199 crore during the corresponding quarter of the previous financial year.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
KPIT Tech Q4 Results: Net profit zooms 49% to Rs 165.9 crore; co expects slower revenue growth in FY25
Auto industry-focused kpit technologies on monday reported a 49 pc jump in march quarter net profit to rs 165.9 crore, helped by a strong revenue growth and widening of profit margins.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
Diffusion Engineers files fresh draft IPO papers with Sebi
Engineering solutions provider diffusion engineers has re-filed its preliminary ipo papers with markets regulator sebi by incorporating a new financial statement.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
Domino's jumps 7% as company surpasses sales expectations
Domino's pizza topped expectations for first-quarter sales and profit on monday, as consumers in the united states tapped into offers through the pizza chain's loyalty program.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
Market Trading Guide: Bajaj Consumer Care, Indian Bank among 5 stock recommendations for Tuesday
"the short-term uptrend of nifty seems to have resumed after one day of weakness. the next upside levels to be watched are around 22,800-22,900. immediate support is at 22,500," said nagaraj shetti, senior technical research analyst at hdfc securities.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
Mcap of BSE-listed companies soar to all-time high of Rs 406.52 lakh cr
the market capitalisation of bse-listed companies soared to an all-time high of rs 406.52 lakh crore on monday thanks to a rally in equities where the bse sensex climbed over 1 per cent.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
JNK India shares to debut on Tuesday. What GMP signals ahead of listing
Jnk india's shares are trading with a gmp of rs 110 in the unlisted market, indicating a listing gain of around 22-25%. the issue was priced at rs 415 at the upper end.
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
Wall St edges up as Tesla and Apple gain; Fed decision awaited
U.s. stocks closed higher on friday, buoyed by moderate inflation data and a rally in megacap growth stocks following robust quarterly results from technology heavyweights alphabet and microsoft. also offering support, israel-hamas peace talks in cairo eas
Tag: Share Markets India Source: indiatimes.com Dated: 2024-04-29
In top gear: Telecom parts output crosses Rs 45,000-crore milestone
Telecom equipment manufacturing and exports have become a significant success story, aided by the government's pli scheme. fy24 saw telecom equipment production crossing ₹45,000 crore, with exports around ₹10,500 crore and over 19,500 direct jobs creat
Tag: Industry India Source: indiatimes.com Dated: 2024-04-29
Tatas to speed up Air India-Vistara merger
Tata sons is hastening the integration of air india and vistara to operate as a single airline by year-end. both airlines have initiated merging their operations manuals and transferring flying crew. this move simplifies tata's aviation business, merging a
Tag: Industry India Source: indiatimes.com Dated: 2024-04-29
IFC investments in India to zoom to over bn, focus on climate finance
The international finance corporation (ifc) plans to increase its investment in india to over billion this financial year, with a focus on climate finance. india's renewable energy targets and plans for a net zero economy by 2070 align with ifc's invest
Tag: Industry India Source: indiatimes.com Dated: 2024-04-29
IHCl aiming for double digit topline growth this fiscal: IHCL MD and CEO Puneet Chhatwal
Ihcl aims for double-digit growth, plans 25-30 hotel openings this fiscal. it will launch hotels overseas but focus on india. chhatwal, md and ceo, says fy2025 will be a 'breakthrough year' for international expansion, with a primary focus on the indian su
Tag: Industry India Source: indiatimes.com Dated: 2024-04-29
AstraZeneca acknowledges covid vaccine can lead to rare side effect TSS in court; Here's what we know
Astrazeneca, in collaboration with the university of oxford, admits its covid-19 vaccine can cause a rare side effect, thrombosis with thrombocytopenia syndrome (tts). the admission comes amidst a lawsuit alleging severe harm and deaths caused by the vacci
Tag: Industry India Source: indiatimes.com Dated: 2024-04-29
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