NSE share market NEWS tomorrow (16 April, 2021). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (16 April, 2021). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 16 April 2021
Computer Age was amongst the top gainers, currently trading at 2066.95 in NSE with 11.172 times change in volumes and 11.468% change in price. Other gainers included Astral Poly with 9.989% price change and 0.958 times volumes, Wipro with 8.939% price change and 4.087 times volumes, Sbi Cards with 7.526% price change and 3.169 times volumes, and Dixon Techno with 6.841% price change and 1.941 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Prestige Estates was amongst the top losers, currently trading at 295.15 in NSE with 0.928 times change in volumes and -3.53% change in price. Other losers included Indraprastha Gas with -1.867% price change and 1.704 times volumes, Interglobe Aviatio with -1.674% price change and 0.645 times volumes, Jsw Steel with -1.542% price change and 0.599 times volumes, and Icici Bank with -1.434% price change and 0.639 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Other stocks which made news headlines today and can be traded tomorrow are below.
National Aluminium Co gets mining lease for Utkal-E coal block in Odisha. National Aluminium Company Ltd (Nalco) on Friday said it has been granted the mining lease of Utkal-E coal block in Odisha. The lease has been granted by the Department of Steel & Mines, Government of Odisha, through a notification issued on April 12. As p
IndiGo waives-off change fees on domestic bookings made from April 17-30. The airline also announced that the passengers can now do unlimited changes for new bookings made till April 30 on regular fares under this offer
Strong focus on operational efficiency drives Mindtree profit up 54% YoY. Revenue rises 2.9%, board recommends of 175% final dividend or Rs 17.5 per share
Vi appoints senior executives in marketing, technology security roles. Vivek Jain returns to Vi as EVP of marketing. He worked as head of Maharashtra circle in his previous stint till October 2019
Q4 results: Den Networks reports 51% hike in net profit at Rs 34 cr. Den Networks on Friday reported 50.56 per cent rise in consolidated net profit at Rs 33.89 crore for the fourth quarter ended March 31, 2021.
DoT gets Rs 2,307 cr from Jio, Airtel by assigning spectrum immediately. Telecom Department assigns frequencies to successful bidders; harmonisation of spectrum accomplished along with frequency assignments
Sebi issues guidelines for warehousing norms for agri, non-agri goods. Markets regulator Sebi on Friday came out with guidelines for preparing warehousing norms by clearning corporations for agricultural, agri-processed, base and industrial metals goods.
BHEL to procure goods worth Rs 3k crore from small biz annually: Official. Bharat Heavy Electricals Ltd will procure Rs 3,000 crore of products from small businesses annually as part of the government's efforts to encourage them, a senior official said on Friday.
Lo! Foods raises mn in pre-series A funding led by Chona Family Office. Bengaluru-based Lo! Foods on Friday said it has raised USD 1 million (about Rs 7.4 crore) in funding, led by the Chona Family Office, the erstwhile promoters of Havmor Ice Cream. The pre-series A round also saw participation from Ecosystem Ventures, Raveen
Stage set for Indian small biz to build global brands: Amazon's Broussard. As work from home became the new normal due to the Covid-19 pandemic, Broussard said thousands of our e-commerce sellers from India played a key role in serving customers globally during this period.
Maruti Suzuki hikes price of selected models, others may follow suit. Raw material prices are harÂÂdening with the full impact of cumulative increases set to be felt in Q3 and Q4 of this financial year
HDFC Bank Q4: Analysts see 25% YoY jump in PAT; guidance key monitorable. Q4 earnings: Despite a moderated YoY growth in loan book, HDFC Bank continues to outperform industry, resulting in market share gain
LIC employees to get over 25% wage hike, says insurance corp union leader. The new fiscal year 2020-21 has started on a happy note for LIC employees as they are set to get over 25% hike in their pay packets, said a top union leader
Richard Verma appointed as Mastercard's Head of Global Public Policy. Former US Ambassador to India Richard Verma has been appointed as General Counsel and Head of Global Public Policy of Mastercard, according to an announcement by the financial services corporation
FMCG startup AnKa SumMor raises Rs 3 cr in pre-Series A round led by IPV. AnKa SumMor works with FMCG brands to help them scale up their businesses rapidly
Citi's exit from retail banking an opportunity for Indian banks: Analysts. Among its various business verticals, analysts say Citi's credit card business will be most sought after by suitors
Quess Corp to acquire remaining 30% stake in Conneqt from Tata Sons. Business services provider Quess Corp on Friday said it will acquire the remaining 30 per cent equity stake in Conneqt Business Solutions Ltd from Tata Sons for Rs 2.08 billion
Fortis Escorts Heart Institute receives Sebi notice in funds diversion case. Fortis Healthcare on Friday said its subsidiary, Escorts Heart Institute, has received a notice from SEBI in the matter related to the alleged diversion of funds by its erstwhile promoters
Maruti Suzuki hikes prices by up to Rs 22,500 to offset input costs. Barring Celerio and Swift, all the models of the company will be covered under the price increase exercise
L&T construction arm bags significant contracts for various businesses. The construction arm of Larsen & Toubro has secured orders from prestigious clients for its various businesses, the engineering major said on Friday.The power transmission distribution business has won orders to design and construct two sub-stations in D
Jindal Steel exits Oman biz via balance 51% stake sale to Vulcan Steel. Jindal Steel owned 48.99% in the Oman unit via Jindal Steel & Power (Mauritius) Ltd. The former had made the deal to exit Oman biz last September
Tata Steel Mining aims to double ferro chrome capacity to 900,000 tonne. Had acquired three Chromite mines with 50-year leases in the 2020 mineral auctions
Transported 81,437 kg of Covid vaccines between Jan 12 and Apr 12: IndiGo. IndiGo airline transported a total of 81,437 kg of COVID-19 vaccines between January 12 and April 12, the budget carrier said in a statement on Friday. It noted that the airline had a leading market share of 36.56 per cent in COVID-19 vaccine transportatio
Ashok Leyland supplies bullet proof vehicle to Indian Air Force. The firm has delivered the first light bullet proof vehicle to Indian Air Force (IAF)
Mindtree Q4 profit up 53% YoY to Rs 317 cr; declares dividend of Rs 17.5/sh. For the year, Mindtree delivered revenues of ,076.5 million and margin expansion of 680 bps, while increasing their order book by 12.3 per cent
Bajaj puts brakes on bookings of e-scooter Chetak due to high demand. Attributes move to supply chain uncertainties, receives 'overwhelming' response for model
Softbank Group to invest 0 million in Swiggy at .5 billion value. Second funding for food delivery startup in as many weeks
Wipro Q4 net profit rises 27% to Rs 2,970 crore, 'best' result in a decade. IT services performance, which is tracked by the street widely, reported revenue of Rs 16,334 crore, growing 3.9 per cent sequentially
US banking major Citibank to exit consumer banking business in India. This is part of the bank's global strategy
Private equity, VC investments rise 64% to .3 bln in March qtr: Report. 266 deals took place in the period
Citigroup announces retail business exit from India, 12 other countries. Says it lacks the scale to compete in retail space, will focus on wealth management business
Telecom down to 3 pvt firms, 1 becoming a question mark: Sunil Mittal. Airtel has weathered three-four big crises, including disruptions caused by the 2016 launch of Jio: Airtel
Auto plants in Maharashtra scale down operations to align with guidelines. Overall monthly production likely to be hit by 30-40%
Bajaj Auto halts Chetak bookings within 48 hrs, cites supply issues. Bajaj's maiden electric scooter, which went on sale in Jan 2020, hasn't been able to align production with demand due to Covid-induced supply chain disruptions and shortage of semiconductors
Restrictions likely to impact footfalls but have adequate stocks: Retailers. Retailers and FMCG makers say they have adequate stocks at stores and warehouses and are prepared to manage the situation in the wake of fresh restrictions
Reliance Jio among the most competitive telcos, says Sunil Bharti Mittal. We have increased our market share, brand loyalty and index, and we're getting more customers than the competition in the last 8-9 months, says Mittal
Covid-19 curfews: Nasscom says laptops and chargers are 'essential'. In its letter to the MIDC, Nasscom has stressed the need for a clarification while stating that e-commerce companies must be allowed to deliver all goods and services
Haffkine Institute gets govt's approval to produce Bharat Biotech's Covaxin. Last month, Uddhav Thackeray had sought central nod to manufacture Bharat Biotech's Covaxin at Haffkine Institute
Gautam Adani may win three more slots on MSCI India Index as shares double. The potential inclusions are seen further boosting wealth for Adani, who has added .2 billion to his net worth this year, the second-biggest increase among the world's billionaires
State-owned Hindustan Copper raises Rs 5 bn via QIP issue: Details here. State-owned Hindustan Copper (HCL) on Thursday said it has raised Rs 5 billion through issuance of shares to institutional investors
S Korea's SsangYong Motor in receivership as owner M&M fails to find buyer. SsangYong applied to the court in December for receivership after it defaulted on a loan repayment
Facebook signs first deal to buy renewable energy from local firm in India. Facebook has signed a deal to buy renewable energy in India from a local firm's wind power project, the social media giant's first such deal in the South Asian nation, the companies said on Thursday
IL&FS addresses debt of Rs 43,000 cr; raises recovery estimate to Rs 61K cr. Infrastructure Leasing and Financial Services (IL&FS) on Thursday said it has addressed aggregate group debt of Rs 43,000 crore so far and expects to cross Rs 51,000 crore by September 2021.
Flipkart to acquire online travel and tech company Cleartrip. Cleartrip will continue to operate as a separate brand, retaining all employees, says Flipkart
Cleartrip to retain brand identity even after Flipkart fully acquires it. All employees to be retained even as Cleartrip works closely with Flipkart to further develop technology solutions and make travel simple for customers
Surojit Chatterjee: Ex-Google exec's 2020 move to Coinbase worth Rs 5k cr. The chief product officer, an IIT Kharagpur graduate, has been with Coinbase Global Inc., the biggest U.S. crypto exchange, for just 15 months
Honda Motorcycle & Scooter sets up separate biz vertical for exports. The firm said it has set up an overseas business vertical to spearhead its exports from the country
Wipro Q4 profit jumps 28% YoY to Rs 2,972 crore; revenue rises 3.4%. Ahead of the results, the shares of the firm ended 2.95 per cent higher at Rs 431 on the BSE.
Amazon announces 0 million fund to help MSMEs go digital in India. Amazon India Global SVP and Country Head India Amit Agarwal said the fund is targeted at empowering the best ideas, and attracting visionary entrepreneurs
IL&FS board revises debt recovery target upwards to Rs 61,000 crore. The board has already addressed debt of Rs 43,100 cr so far and is looking to address about Rs 8,000 cr in the next six months
Amazon launches 0 mn venture fund for Indian startups, entrepreneurs. The fund will specifically focus on encouraging the best ideas to digitise SMBs
Wistron shakes up India structure, management after factory trouble: report. The move comes after a rampage in December by thousands of Wistron's contract workers
Piramal aims to be among top-5 NBFCs in retail space after DHFL deal. Piramal Retail Finance on Thursday said it aims to focus on scale
Dabur m-cap tops Rs 1 trillion, shares up 2.2% to lifetime high of Rs 573. Stock has gained 9% in a month even as Sensex shed 3% during this period. Currently, 41 listed companies have market cap exceeding Rs 1 trillion
Wipro eyes 2-4% sequential revenue growth in Q1, closed 12 deals last qtr. Q4 IT services revenue was .15 bn, a rise of 3.9% sequentially
Consumer durables industry may contract 12-15% in FY21: Godrej Appliances. This was mainly due to the loss witnessed in June quarter and the worst hit was the air conditioner segment
Ten ReNew Power subsidiaries list 7.25-year, 5 million FCBs on INX. The 7.25 bonds have been assigned ratings of BB- (Positive Outlook) by Fitch and Ba3 by Moody's investor services and are priced competitively at 4.5%
Covid, ATF prices to push airlines into Rs 10,000 cr loss in FY22: Crisil. The loss is however expected to be 35-40% lower than the projected loss in FY21
Zomato's Goyal takes a dig at Swiggy; Mumbai clarifies rules on delivery. Maharashtra Chief Minister Uddhav Thackeray has announced a curfew in the State, except for essential services
Dr Reddy's to also use govt cold chain infra for Sputnik V distribution. The vaccine would be transported in frozen form by air and road
Most Indian firms look to fill open roles internally: LinkedIn report. The report stated that seven in 10 companies in India said the main reason they hire internally is to gain an insider's perspective or a sense of progress.
GE Power India to acquire 50% equity stake in NTPC GE Power Services. GE Power India's board on Wednesday approved the acquisition of 50 per cent stake in NTPC GE Power Services Pvt Ltd for Rs 7.2 crore. "Board of directors of GE Power India Ltd in its meeting held today i.e., 14 April, 2021 has approved acquisition of 50 pe
Office leasing in 7 cities falls 48% in January-March, says report. Net leasing of office space fell 48 per cent during January-March across seven cities due to the COVID-19 pandemic, but demand for the flexible space from corporates has increased, according to Cushman & Wakefield. In its latest quarterly report, property
Apollo Tyres forays into truck and bus tyre segment in US, Canada. Apollo Tyres on Wednesday announced its foray into the truck and bus tyre segment in the US and Canada, following the launch of its passenger vehicle range in the two markets. The commercial vehicle range has been introduced under the Apollo brand although
Aditya Birla Capital board approves initial public offering of AMC arm. The board has approved an offer for sale of up to 2.8 million shares at face value of Rs 5 held by the company in the AMC, the firm said in a notification to exchanges, according to reports
Infosys net profit rises 17.5% in Q4, announces Rs 9,200-crore buyback. FY22 revenue growth forecast at 12-14%
India's Covid vaccination drive hangs in balance, and so does the world's. When the pandemic ends, it will be with the tremendous assistance of India's pharmaceutical industry.
Toshiba CEO resigns, shares surge on bidding war expectations: Details here. Toshiba Chairman Satoshi Tsunakawa will become chief executive, the company said in a statement.
Walt Disney names K Madhavan as India unit chief after Uday Shankar's exit. As president of Walt Disney and Star India, Madhavan will drive strategy and growth, with responsibility for all businesses
IFC plans to invest about mn in PE Faering Capital's Faering III fund. International Finance Corporation (IFC) has proposed an equity investment up to million into Faering Capital International Growth Fund III or Faering III
Future Enterprises defaults on non-convertible debentures' interest payment. Future Enterprises Ltd (FEL) has defaulted on payment of interest on non-convertible debentures (NCDs)
JSW Steel completes acquisition of 31% stake in Italy's GSI Lucchini SpA. JSW Steel's Italian subsidiary has completed the acquisition of remaining 30.73 per cent stake in GSI Lucchini SpA of Italy for one million euros
Private Banks Q4 preview: Rise in bond yields may dent income; NPA nos eyed. Analysts believe that the truer impact of Covid-19 as regards NPAs could be visible in the quarter even as banks may be tempted to remain prudent due to the second wave of coronavirus
Apple orders 'Louis Armstrong' documentary from Imagine Documentaries. Apple Original Films has ordered a documentary on jazz legend Louis Armstrong from Brian Grazer and Ron Howard's Imagine Documentaries. Titled "Black & Blues: The Colorful Ballad of Louis Armstrong", the feature will be directed by Sacha Jenkins. According
SIAM hails government's decision to extend FAME II certificate validity. Auto industry body SIAM on Wednesday termed the government's move to extend the FAME II certification validity by one year as a step in the right direction
K Madhavan elevated as President of Walt Disney Company India, Star India. The Walt Disney Company India and Star India on Wednesday elevated K Madhavan naming him the president of both the firms, effective immediately.
Amazon moves SC against HC stay order restraining Future-Reliance deal. Future Retail says it got communication from Amazon that it has filed Special Leave Petition before Supreme Court
Ebit margin drop, BFSI boost: Analysts' expectation from Wipro's Q4 nos. Wipro shares, so far for the year, have risen 8.5 per cent as against a gain of 3.7 per cent in the NSE Nifty index during the same duration
Infosys Q4 PAT rises 17% YoY to Rs 5,076 cr; announces Rs 9,200 cr buyback. The company board also recommended a final dividend of Rs 15 per share for FY21
Syska to distribute LED bulbs in rural areas for Rs 10 under Gram Ujala. Both Syska and CESL will share half the cost and the revenue arising from the sale of carbon credits
Bharti Airtel rejigs corporate structure to sharpen focus on digital. Airtel Payments Bank will remain a separate entity under Bharti Airtel; all of Airtel's infrastructure businesses will continue to remain as separate entities
Infosys Q4 net dips 2% sequentially, announces Rs 9,200-cr share buyback. IT firm reports total contract value for FY21 of .1 billion, an all-time high
Robotics firm Miko raises Rs 50 cr to fund product, geographical expansion. The firm now has a user base in more than 140 countries, and their engagement rose three times through the pandemic
Bharti Airtel to merge digital arm with itself in corporate revamp. With this, Bharti Airtel will house all digital assets such as Wynk Music, Airtel X stream, Airtel Thanks, among others, and all future digital products and services
Malls' revenues to remain lower than pre-Covid levels this fiscal: Report. Despite a healthy rise expected in their toplines this fiscal on a lower base, malls' revenues will still be up to a fifth lower than the quantum seen before the pandemic, a report said on Wednesday. The shopping malls' revenue is likely to grow by 45-55 p
Religare Finvest to default on Rs 100 crore NCD payment obligation. Religare Enterprises on Wednesday said its arm Religare Finvest Limited will default on Rs 100 crore NCD payment obligation later this month to subscriber Axis Bank
IFC to invest 0 mn in JC Flowers India fund to help resolve NPAs. International Finance Corporation (IFC) is a World Bank Group entity
Infosys attrition at high of 15%; to hire 25,000 from campuses in FY22. Firm says had also offered pay hikes to retain talent
Benetton India inks licensing agreement with Timex to launch watches. Timex India on Tuesday said it has entered into a licensing agreement with apparel brand and Benetton India for design, manufacture and distribution of Benetton watches in the domestic market. With this partnership, Benetton India will foray into the watch
Adani Ports removed from S&P index due to links with Myanmar military. MELBOURNE (Reuters) - S&P Dow Jones Indices said on Tuesday it has removed India's Adani Ports and Special Economic Zone Ltd from its sustainability index due to its relationship with Myanmar's military and their alleged human rights abuses.
Mukesh Ambani comes to struggling Hamleys' aid, plans to quadruple outlets. Hamleys, a British retail icon that hasn't made a profit for a number of years, plans to quadruple its outlets in the former British colony to more than 500 in three years despite the pandemic
Hero Group launches education technology venture Hero Vired: Details here. Hero Group on Tuesday launched Hero Vired, with the promoter Munjal family committing over million to offer learners overall professional development to make them industry-ready for employment
Accenture to build for BPCL digital platform to track sales, distribution. Network will integrate real-time data from across BPCL's countrywide network of more than 18,000 fuel outlets
Infosys Q4FY21 preview: PAT seen rising 14-23%; buyback details eyed. Infosys Q4FY21 preview: The company board will also consider a share buyback during a meeting on April 14. Following this development, the stock had hit a 52-week high of Rs 1,480 on the BSE on Monday
Unicorn fintech firm Pine Labs acquires Fave in deal valued over mn. Malaysia-based company Fave, which provides QR payments and loyalty cashback to restaurants and retailers, has enabled 6 million consumers in Southeast Asia to save over 0 million since 2016
mRNA Covid vaccine maker Gennova lines up Rs 250-crore capex: Crisil. The Emcure Pharma arm has tied up with Seattle-based HDT Biotech Corp for the vaccine, on which animal trials have been completed. Phase-I and II trials likely to be completed in 2-3 months
Behind the 'bankruptcy story' of Cafe Coffee Day: The news and what's next. In this podcast, we discuss why Coffee Day Enterprises is in news again? What are the chances of banks recovering their money? And what can we expect next? Listen in
Process begins for inviting financial bids for AI, deal to conclude by Sep. The stake sale process got delayed due to the Covid pandemic
Amplus Solar buys rooftop solar assets of Sterling & Wilson totaling 7.2 Mw. Deal value not revealed; The 17 acquired projects supply 13 leading industrial, commercial, and institutional customers
CCI approves APSEZ acquisition of 89.6% of equity in Gangavaram Port. The Competition Commission of India (CCI) has approved acquisition of 89.6 per cent of equity shareholding in Gangavaram Port Ltd (GPL) by Adani Ports and Special Economic Zones Ltd (APSEZ)
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