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Top India NEWS. Stock Market NEWS Updated Daily

Top India NEWS. Stock Market NEWS Updated Daily

This NEWS section covers current news for stock markets. To view latest news about specific stocks, please browse to the desired stock pages. Click one of the exchanges in the menu above and then use the search box to find your desired stock.

Top India NEWS. Stock Market NEWS Updated Daily

KPIT Tech Q1 results: Net profit jumps 52% on higher revenue growth in FY25

Auto industry-focused kpit technologies on monday reported a 52 per cent jump in its net profit to rs 204.2 crore for the march 2024 quarter on higher revenue growth and profit margins. the pune-headquartered company had posted a post-tax net of rs 134 cro
Tag: Company India    Source: business-standard.com   Dated: 2024-07-24

L&T Q1FY25 results: Net profit rises 11.7% to Rs 2,786 cr on higher revenue

The company beat street estimates as in a bloomberg poll, 13 analysts estimated revenue of rs 53,600 crore and seven analysts estimated a net income adjusted of rs 2,639 crore
Tag: Company India    Source: business-standard.com   Dated: 2024-07-24

Petronet LNG Q1 results: PAT up 40% at Rs 1,100 cr on higher gas volumes

Stable lng prices and higher capacity utilization at petronet's dahej lng terminal
Tag: Company India    Source: business-standard.com   Dated: 2024-07-24

Federal Bank Q1 results: Net profit increases 18% to Rs 1,010 crore

Net interest income (nii) improved 19 per cent year-on-year to rs 1,919 crore while other income increased by 25 per cent to rs 915 crore
Tag: Company India    Source: business-standard.com   Dated: 2024-07-24

Hitachi Energy India Q1 results: Net profit jumps four-times to Rs 10.4 cr

Hitachi energy india on wednesday posted four-fold jump in net profit to rs 10.4 crore for june quarter fy25 mainly due to higher revenues. the company had reported a net profit of rs 2.4 crore for the year-ago period, it said in a bse filing. revenues ros
Tag: Company India    Source: business-standard.com   Dated: 2024-07-24

Delhi High Court quashes summons to Hero Motocorp chairman Pawan Munjal

The petition was filed by munjal for setting aside a trial court's july 1, 2023, order by which the summons was issued to him for alleged offences under the customs act
Tag: Company India    Source: business-standard.com   Dated: 2024-07-24

How basic customs duty cut on mobile phones will affect cost benefits

Smartphones like google pixel and some iphone pro models are likely to get some benefit out of the rationalisation
Tag: Company India    Source: business-standard.com   Dated: 2024-07-24

Jindal Steel Q1 results: PAT falls 21% to Rs 1,338 cr on weak steel demand

In april-june, general elections, which lasted for nearly half quarter, led to muted steel demand, analysts said, which was compounded by higher costs of rebar, a key raw material for steelmakers
Tag: Company India    Source: business-standard.com   Dated: 2024-07-24

Union Budget 2024 gives salaried individuals some relief on TDS, TCS

The budget has proposed to cut the rate of tds to 2% from 5% earlier for rents paid in excess of rs 50,000 by an individual or an huf, for a month or part thereof
Tag: Finance India    Source: business-standard.com   Dated: 2024-07-24

Budget 2024: Proposed LTCG tax changes on property sales explained

Holding period, quantum of gain to decide if new norms are beneficial
Tag: Finance India    Source: business-standard.com   Dated: 2024-07-24

Rollover benefits to continue on capital gains up to Rs 10 cr: Revenue secy

Revenue secretary sanjay malhotra has clarified that rollover benefits will continue on capital gains of up to rs 10 crore under the new structure
Tag: Finance India    Source: business-standard.com   Dated: 2024-07-24

Piramal Finance eyes overseas bond market for funding diversification

The diversified non-banking finance company (nbfc) aims to increase its borrowing from international sources to 10 to 12 per cent over the next 2-3 years, up from the current 4 per cent
Tag: Finance India    Source: business-standard.com   Dated: 2024-07-24

No significant impact of removal of indexation benefit, say realty players

High-end properties may see some drop in demand, they add
Tag: Finance India    Source: business-standard.com   Dated: 2024-07-24

Taxpayers can opt for 'Vivad se Vishwas' scheme from Dec 31: CBDT chairman

The 'vivad se vishwas' scheme announced in the budget for settlement of pending direct tax appeals will be launched this year and its notification apart from relevant faqs would be issued soon, cbdt chairman ravi agrawal said wednesday. speaking to pti dur
Tag: Finance India    Source: business-standard.com   Dated: 2024-07-24

RBI revamps regulatory framework for domestic money transfer services

The changes in the current framework have been made based on recent review of various services for payments transfer
Tag: Finance India    Source: business-standard.com   Dated: 2024-07-24

Higher bad loans due to seasonal stress in agri biz, indicates Axis Bank

Axis bank witnessed a sequential decline in asset quality metrics for the june quarter due to seasonal effects on agriculture business. gross non-performing asset ratio rose to 1.54%. net profit marginally increased to rs 6,035 crore as provisions doubled
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

RBI asks banks to track local fund transfers

The reserve bank of india mandated banks and payment operators to keep a trail of domestic fund transfers to curb money laundering and frauds. banks must record beneficiary details and validate transactions with additional authentication. this rule aims to
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

ET Market Watch: Sensex drops 280 pts, Nifty below 24,450

Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Ahead of Market: 10 things that will decide D-Street action on Thursday

Nifty closed 66 points lower, ending above the 24,400 mark and forming a high wave candle pattern. analysts indicate a sustainable move above 24,580 is needed to confirm a near-term bottom reversal. the index has broken below the 10-day exponential moving
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

These 9 midcap stocks hit fresh 52-week highs; rallied upto 17% in a month

52-week high is the peak value a stock has reached over the preceding year. its crucial for traders and investors.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Radhakishan Damani offloads 1.7% stake in VST Industries, takes home Rs 107 crore

​among the public shareholders, damani held about 34.66% in the company. damani raised stake in vst industries during the june quarter by 2%. at the end of march quarter, the investor had held about 32.7% in the company, according to data from trendlyne.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Market Trading Guide: BSE, Texmaco Rail among 8 stock recommendations for Thursday

Indian benchmark indices, led by financial sectors, declined on wednesday. the nifty's short-term outlook remains bearish with potential support levels at 24,270-24,100, suggesting possible buying interest at lower levels.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Jindal Steel’s profit down by a fifth on higher tax outgo

The alloy manufacturer’s consolidated net profit slipped by a little over a fifth on year to rs 1,338 crore during the quarter from rs 1,692 crore a year ago. the company’s tax expenses were at 521.13 crore, up nearly seven times from rs 74.75 crore a
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Alphabet falls 4.5% as margin fears, YouTube slowdown eclipse AI boost

Alphabet fell more than 3% on wednesday on fears that its rising investments in ai infrastructure would squeeze margins and youtube was facing tough competition for ad dollars.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

KPIT Tech Q1 Results: Net profit jumps 52% YoY to Rs 204.2 crore; co ups revenue growth guidance for FY25

Auto industry-focused kpit technologies on monday reported a 52 per cent jump in its net profit to rs 204.2 crore for the march 2024 quarter on higher revenue growth and profit margins. the pune-headquartered company had posted a post-tax net of rs 134 cro
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Hitachi Energy India Q1 profit jumps 4-fold to Rs 10 cr

Hitachi energy india on wednesday posted four-fold jump in net profit to rs 10.4 crore for june quarter fy25 mainly due to higher revenues. the company had reported a net profit of rs 2.4 crore for the year-ago period, it said in a bse filing.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

IEX Q1 Results: Net profit soars over 27% YoY to Rs 96 crore

Indian energy exchange (iex) on wednesday posted over 27 per cent rise in consolidated net profit to rs 96.44 crore for june quarter, mainly on the back of higher revenues. the company had reported a consolidated net profit of rs 75.82 crore in the quarter
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Welspun Living Q1 Results: Net profit jumps 14% YoY to Rs 185.95 crore

Home textiles major welspun living ltd on wednesday reported a 14.3 per cent increase in consolidated net profit to rs 185.95 crore in the june 2024 quarter. the company posted a consolidated net profit of rs 162.73 crore in the quarter last fiscal, welspu
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Ramkrishna Forgings Q1 Results: Cons PAT rises 3% YoY to Rs 81 crore

Ramkrishna forgings ltd on wednesday posted over 3 per cent rise in consolidated net profit to rs 81 crore during the june quarter, on account of higher income. it had clocked rs 78.52 crore profit for the period ended june 30, 2023, the company said in an
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Patanjali Foods' profit surges despite revenue dip, edible oil boosts bottomline

In a quarter when the promoters of patanjali foods - yoga guru baba ramdev and aide acharya balkrishna - had to issue an apex court-ordered public apology, the performance of the company didn't seem too adversely affected.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Tesla investors sour on bleak margins, stock tanks 11%

Musk hypes everything but cars. the electric automaker reported a five-year low-profit margin and missed earnings estimates for the fourth consecutive quarter. despite its market value of 5 billion surpassing other automakers, analysts caution that this
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Tata Chemicals, Deepak Nitrite among 4 stocks with short covering

Sometimes shares are bought to close an existing short position, signaling a shift from extreme bearishness to bullishness.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

CG Power reports Q1 standalone PAT at Rs 232.13 cr

Cg power and industrial solutions ltd on wednesday reported a 21 per cent hike in its standalone profit after tax of rs 232.13 crore for the april-june 2024 quarter. the company, part of the diversified conglomerate murugappa group, had registered a profit
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

JK Paper Q1 Results: Net profit plunges 55% YoY to Rs 141 crore

Jk paper ltd on wednesday reported a 55 per cent decline in consolidated net profit to rs 140.79 crore in the june 2024 quarter, hit by a fall in market prices coupled with a surge in wood cost.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

L&T Q1 Results: PAT jumps 12% YoY to Rs 2,786 cr, revenue up 15%

Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Technical Breakout Stocks: Avanti Feeds, Kalyan Jewellers and ITC hit fresh 52-week highs post Budget

Indian equity benchmark indices turned volatile on wednesday, but recouped losses towards the end of the day. sectorally, buying was seen in utilities, energy, oil & gas and smallcaps while auto, fmcg and banks saw selling pressure.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

SBI Life reports 36% increase in Q1 net profit

Sbi life insurance reported a 36% increase in net profit to rs 520 crore for the first quarter ended june 2024, compared to rs 381 crore in the same quarter the previous year.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Wall Street update: Tesla, Alphabet's poor results drag US markets lower, Nasdaq drops over 2%, S&P down 1.6%

The nasdaq fell to a one-month low as tesla and alphabet's earnings disappointed investors. market heavyweights like apple, microsoft, and nvidia also dropped. investors shifted focus from tech stocks to other sectors, questioning the sustainability of the
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Budget gives Rs 1,000 crore boost to space sector. What’s the road ahead?

The indian space sector has immense economic potential, likely to be worth rs 35,200 crore, about 8% of the global share by 2033. on 23 july, the finance minister announced the creation of a dedicated “space fund” worth rs 1,000 crore, aiming to boost
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Rupee hits record low against dollar amid global strength, equity outflows

The rupee closed at record low levels against the us dollar on wednesday due to strengthening in the dollar index globally driving down emerging market currency and likely equity outflows.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Tech View: Nifty forms High Wave candle ahead of Thursday expiry. Here’s how to trade next

According to nagaraj shetti of hdfc securities, the nifty has breached the 10-day ema support level and is now hovering near the 20-day ema support level of approximately 24,270. these moving averages have held strong for the past 5-6 weeks, and the market
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Karnataka Bank Q1 results: Profit up 8% to Rs 400 crore, NII up 11%

Operating profit for the quarter was lower at rs 559 crore against rs 601 crore, mainly due to 19% higher expenses against 12% rise in total income. net interest income was 11% higher at rs 903 crore.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Petronet LNG Q1 results: Profit jumps 45% to Rs 1,142 crore, revenue up 15%

Petronet lng (pll) reported a 45% jump in the first quarter profit to rs 1,142 crore as a scorching summer boosted capacity utilization of its import terminal, sending its shares up 5% on wednesday.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Federal Bank reports 18% jump in net profit on core income growth

Private sector lender federal bank on wednesday reported a 18.3% year-on-year jump in net profit for the first quarter at rs 1010 crore, buoyed by steady business expansion and core income growth.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

OrbiMed-backed Suraksha Diagnostic files IPO papers

Orbimed-backed suraksha diagnostic has filed the draft red herring prospectus (drhp) with capital markets regulator sebi to float an initial public offering (ipo).
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Zerodha to make demat account opening free for all Indian investors

India's leading brokerage zerodha on wednesday said it is now making demat account opening for all resident investors in india free of cost.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Navigating the stock market post-budget: Aamar Deo decodes sectors in focus

Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Kolkata-based Suraksha Diagnostic files IPO draft papers with Sebi

Suraksha diagnostic limited has filed the draft red herring prospectus (drhp) with capital markets regulator securities and exchange board of india (sebi) to float an initial public offering (ipo) which will be an offer for sale (ofs).
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-07-24

Focus on affordable housing, infrastructure bodes well for realty sector

Industry experts anticipate a significant boost to india's real estate sector due to the government's focus on affordable housing, infrastructure development, and urban planning initiatives. policies under consideration include rental housing regulations,
Tag: Industry India    Source: indiatimes.com   Dated: 2024-07-24

Higher bad loans due to seasonal stress in agri biz, indicates Axis Bank

Axis bank witnessed a sequential decline in asset quality metrics for the june quarter due to seasonal effects on agriculture business. gross non-performing asset ratio rose to 1.54%. net profit marginally increased to rs 6,035 crore as provisions doubled
Tag: Industry India    Source: indiatimes.com   Dated: 2024-07-24

Railways to add 250 new suburban services over 5 years in Mumbai: Vaishnaw

The indian railways announced plans to add 250 new suburban services in mumbai within five years. efforts include reducing train headway times and separating suburban and long-distance services. key terminals are being developed in mumbai and pune, while n
Tag: Industry India    Source: indiatimes.com   Dated: 2024-07-24

US Treasury warns India's banks about business with Russia

A u.s. treasury official cautioned india's banks about potential repercussions if they engage with russia's military industrial base, emphasizing that such actions could lead to losing access to the u.s. financial system. in a letter to the indian banks' a
Tag: Industry India    Source: indiatimes.com   Dated: 2024-07-24

Gross budget allocation for Northeast Frontier Railway for the FY 2024-25 is Rs 14184.69 cr: Railway minister Ashwini Vaishnav

Ashwini vaishnaw, union minister for railways, announced a significant budget allocation of rs. 14,183.69 crores for northeast frontier railway for fy 2024-25. the allocation for north-eastern states, rs. 10,376 crores, was substantially higher compared to
Tag: Industry India    Source: indiatimes.com   Dated: 2024-07-24

Railway's fund allocation to Bengal, Bihar, Jharkand at record high: Vaishnaw

Railway minister ashwini vaishnaw stated that west bengal now receives more funding for rail projects compared to when mamata banerjee was the railway minister. train accidents have dropped by 60 per cent due to technology and operational changes. however,
Tag: Industry India    Source: indiatimes.com   Dated: 2024-07-24

SC stays Madras HC order asking RBI to evaluate assets of LVB & Indian arm of DBS Singapore

A bench comprising chief justice d y chandrachud and justices jb pardiwala and manoj misra stayed the high court order and issued notices to aum capital, representing the investors, and others on separate appeals of the rbi and the dbs bank against the hc
Tag: Industry India    Source: indiatimes.com   Dated: 2024-07-24

Ship leasing in GIFT city to get a boost from variable capital company structure proposal

The central government's upcoming ship owning and leasing entity is set to gain from new permits for companies with a variable capital structure, as announced in the union budget 2024-25. initiatives such as this are part of broader reforms aimed at revita
Tag: Industry India    Source: indiatimes.com   Dated: 2024-07-24

Experts say a twice-yearly injection that offers 100% protection against HIV is 'stunning'

The shots made by u.s. drugmaker gilead and sold as sunlenca are approved in the u.s., canada, europe and elsewhere, but only as a treatment for hiv. the company said it is waiting for results of testing in men before seeking permission to use it to protec
Tag: Industry India    Source: indiatimes.com   Dated: 2024-07-24

Railway Ministry allocates Rs 1,112.57 cr for Kavach in 2024-25: Vaishnaw

Indian railway minister ashwini vaishnaw disclosed that rs 1,112.57 crore was set aside for installing the atp system kavach in 2024-25. so far, rs 1,216.77 crore has been utilized. kavach supports train safety through auto-braking and inclement weather na
Tag: Industry India    Source: indiatimes.com   Dated: 2024-07-24

No rethink on real estate LTCG long tweaks: Govt Sources

Amid concerns over the removal of indexation benefit on property sales for tax calculation, government sources today said that there will be no reconsideration on changes made to long term capital gain (ltcg) in the union budget
Tag: Industry India    Source: indiatimes.com   Dated: 2024-07-24

RBI cancels licence of Mahabhairab Coop Urban Bank, Tezpur

Rbi cancelled the licence of the mahabhairab cooperative urban bank due to poor financial health, effective july 24, 2024. the bank can't continue operations and will be liquidated. depositors will receive insurance claims up to rs 5 lakh from the dicgc. a
Tag: Industry India    Source: indiatimes.com   Dated: 2024-07-24

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