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NSE share market NEWS tomorrow (16 October, 2020). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (16 October, 2020). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 16 October 2020

Amber Enterprises was amongst the top gainers, currently trading at 2180.65 in NSE with 7.533 times change in volumes and 9.18% change in price. Other gainers included Jsw Steel with 6.688% price change and 1.864 times volumes, Cyient with 6.276% price change and 6.264 times volumes, Jindal Steel with 5.905% price change and 1.818 times volumes, and Tata Steel with 5.336% price change and 0.912 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.

Upl was amongst the top losers, currently trading at 466.95 in NSE with 4.665 times change in volumes and -7.818% change in price. Other losers included Mphasis with -4.379% price change and 1.682 times volumes, Hcl Technologies with -3.82% price change and 1.852 times volumes, Sbi Cards with -2.288% price change and 0.413 times volumes, and Mazagon Dock with -2.211% price change and 0.962 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.

What lies ahead for Sanjeev Krishan, PwC India's youngest man at the top. Over the last six 'lockdown and unlock' months, Krishan spend relentless hours on video calls and webinars to keep in regular touch with CXOs across India and abroad

Pfizer could apply for emergency use of Covid-19 vaccine by late Nov. It would be the first time that Pfizer or any other leading Western vaccine developer provided such a specific timeline.

Global demand uncertainty to continue to weigh on Tata Motors: Moody's. Brexit an added worry for wholly-owned subsidiary JLR

India's women entrepreneurs quickly changed business for survival: Survey. Women-owned businesses saw a sharp decline in revenue: 73 per cent reported being negatively impacted by the pandemic, and almost 20 per cent were nearly wiped out

JK Tyre, other companies face antitrust scrutiny in bid-rigging case. NEW DELHI (Reuters) - India's antitrust regulator is investigating JK Tyre & Industries Ltd after a state government accused the company of bid rigging, and the probe has been expanded to other firms, according to sources and legal filings seen by Reuters

SpiceJet operates 1,000 flights to repatriate 175,000 passengers. Budget carrier SpiceJet on Friday said it has operated over 1,000 charter flights to repatriate 175,000 passengers so far in times of the pandemic

HCL Tech Q2 profit rises 18.5% to Rs 3,142 crore, outperforms projections. Dollar revenues stood at ,507 million, a 4.5 per cent rise in constant currency terms over the previous quarter

Alembic Pharma gets USFDA nod for anti-viral drug Amantadine Hydrochloride. Drug firm Alembic Pharmaceuticals said it has received approval from the US health regulator for Amantadine Hydrochloride tablets, used for treatment of influenza A virus

Zydus Cadila gets USFDA nod to market Verapamil Hydrochloride Injection. Drug firm Zydus Cadila said it has received final approval from the US health regulator to market Fingolimod capsules and Verapamil Hydrochloride Injection.

BPCL to cut dependence on Middle East LPG, seek bids from global suppliers. The latest tender is aimed at getting better prices for supplies compared with those from the Middle East and to diversify sources of LPG, according to the objectives listed in the document

HCL Tech Q2 net profit up 18.5% at Rs 3,142 cr; revenue rises 6.1%. On a sequential basis, net profit was 7.4% higher from Rs 2,925 crore, while top line was higher by 4.2% from Rs 17,841 crore in June 2020 quarter

HDFC Bank Q2: Analysts see sub-20% profit growth despite lower provisions. Above-industry loan growth, flattish net interest margin (NIM), stable asset quality, and fewer provisions are the other elements that may mark the quarter under review

Haldiram's crucial data stolen; hackers demand Rs 7.5 lakh to release info. Hackers have allegedly stolen crucial data of popular food and snack company Haldiram's and have demanded Rs 7,50,000 for releasing the information which includes financial and sales details

Govt issues notices to Amazon, Flipkart for not showing mandatory info. The development comes at a time when Amazon and Flipkart are hosting their biggest festive sale events. The firms have been asked to reply to the notices within 15 days.

Tech Mahindra signs agreement to form joint venture with Sumitomo Corp. IT company Tech Mahindra has signed an agreement with Japan-based Sumitomo Corporation for setting up a joint venture to provide engineering service to the automotive sector

Religare Health Insurance re-brands as Care Health Insurance. Health insurance provider Religare Health Insurance has re-christened itself as Care Health Insurance.

New users, small towns drive first day of sale for Flipkart, Snapdeal. For e-commerce firm Snapdeal, nearly 30 per cent of the total orders on the first day of its festive sale were from first-time users

Tata Communications Q2 consolidated profit up 7-fold to Rs 385 crore. Tata Communications on Friday posted an around seven-fold jump in consolidated net profit at Rs 384.81 crore for the September quarter

Multiplexes expect 25% rise in operating cost due to Covid-19 SOPs. Multiplex operators expect up to 25 per cent rise in their operating costs on account of the mandatory standard operating procedures as they reopen after being shut since the outbreak of coronavirus

Blackstone nears billion India property deal with Prestige: Report. The US private equity group is in advanced talks to acquire Prestige Estates Projects' rent-yielding assets including offices and operating malls

Lockdown impact : L&T Hyderabad Metro Rail suffers Rs 916 cr loss during H1. : L&T Metro Rail (Hyderabad) suffered Rs 916 crore loss during the first six months of the current fiscal following a prolonged lockdown to contain coronavirus, the company that operates the elevated rail corridor here, has said in a disclosure. The tot

UPL stock tanks after auditor of Mauritius subsidiary steps down. The communication on Thursday said that the auditor of the UPL Corporation (UPL's Mauritius subsidiary), KPMG Mauritius, had resigned with effect from October 8, 2020

ArcelorMittal-Nippon JV launches brands in HR steel, rolled plate segments. Products will be sold via the firm's hypermarkets and will largely target users in the MSME space

Natco Pharma eyes launch of 8-10 new drugs yearly in Indian market. Natco Pharma aims to launch around 10 new products every year in the Indian market, the city-based drug maker said on Thursday

Uber ropes in Amazon veteran Manikandan Thangarathnam as mobility head. The ride-hailing giant has also strengthened India tech team, taking ongoing hiring to 225 engineers

Mindtree Q2 net profit up 88% at Rs 253.7 cr, revenue grows to Rs 1,926 cr. The Bengaluru-based company saw its revenue grow marginally to Rs 1,926 crore in the quarter under review from Rs 1,914.3 crore in the year-ago period

UP slaps recovery notices on Bajaj Hindusthan, Modi Group sugar mills. At present, Rs 7,500 crore cane dues are outstanding as many as 94 on UP private millers

Equitas SFB prunes IPO size by half to Rs 518 cr, issue opens Oct 20. Price band fixed at Rs 32-33 a share; promoter stake to drop to 82-83% from 95.49% currently

Edtech unicorn Unacademy announces ESOP buyback for current, past employees. The size of the buyback pool is likely to be Rs 25-30 crore, based on the number of ESOPs liquidated by employees.

Maharashtra: Voda Idea services disrupted as key site in Pune gets flooded. Subscribers of Vodafone Idea in Maharashtra are facing connectivity issues since Thursday morning as a key site in Pune got flooded

Modern workplaces for secure remote work need of the hour: HP CEO. The onus is on tech companies to keep their customers secure and provide them modern devices that make their lives easy as they work from home, HP President and CEO Enrique Lores said on Thursday

Adani Green transfers newly acquired Essel solar assets to TOTAL JV. The JV company has completed this transfer of the assets at an enterprise valuation of Rs 1,632 crore

RITES takes 24% stake in railway station firm, gets board representation. V G Suresh Kumar will be RITES nominee on IRSDC board; RITES' induction has brought IRSDC additional capital of Rs 48 crore

Adani Green transfers 205 MW solar assets to JV with Total for Rs 1,632 cr. Adani Green Energy Ltd (AGEL) on Thursday said it has transferred 205 MW solar assets to its JV business with French energy major Total SA for about Rs 1,632 crore

Saral Jeevan Beema for Bharat: Irdai introduces standard life product. All insurers to offer the product from January 1, 2020

HCL Technologies Q2 preview: PAT rise seen between 10.5% - 13.6% YoY. Analysts at IDBI Capital forecast revenue growth of 3.9 per cent QoQ in constant currency.

Piramal Enterprises appoints two independent directors to its board. Piramal Enterprises said it has appointed Snapdeal CEO Kunal Bahl and Economic Law Practice Managing Partner Suhail Nathani as independent directors to its board.

Reliance deals accounted for 40% of all PE-VC investments in Jan-Sep 2020. Overall, private equity and venture capital firms' investments in Indian companies during the first nine months of 2020 declined 21% by value on a year-on-year basis

From IndiaMart to Big Basket, Tata eyeing stakes in e-commerce companies. Deliberations are at an early stage and there's no certainty Tata's pursuit of the assets will result in transactions, the people said

RIL's retail arm receives Rs 5,550 crore from private equity firm KKR. Reliance Retail has raised Rs 37,710 cr from multiple investors so far

Cost savings on other fronts to offset rise in operational expenses: PVR. PVR is working on a pricing matrix that includes a ticket price of as low as Rs 69 for old and rerun films

IT company Persistent Systems to acquire Palo Alto-based Capiot. IT firm Persistent Systems on Thursday said it will acquire Palo Alto-based Capiot.

JLR drives in SUV Defender starting at Rs 73.98 lakh; I-Pace next in line. The latest version of the model comes with a 2-litre turbocharged petrol engine and would be available in two body styles in the country

Nxtra Data shares issued to Carlyle affiliated entity post CCI nod: Airtel. On July 1, Airtel had announced that Carlyle Group will acquire about 25 per cent stake in its data centre business, Nxtra Data, for USD 235 million

Sanjeev Krishan to take over as PwC India chairman starting Jan 1 next yr. Prior to this, Sanjeev had been the head of deals practice at the company

No formal proposal yet from SP group on separation, says Tata Sons. Tata Sons reiterates that it will only respond in court; settlement remains deadlocked

LIC Housing Finance expects Q3 loan growth to be in double-digits. India's second-largest pureplay mortgage lender LIC Housing Finance expects a bumper festival season as it eyes loan growth to be in double-digits

Shapoorji Pallonji Group yet to send formal request for separation: Tatas. Tata Sons reiterates that it will only respond in court; settlement remains deadlocked

Sterling & Wilson signs pact to build solar battery storage plant in Niger. Engineering firm Sterling and Wilson Pvt Ltd (SWPL) on Thursday said it has signed a contract to construct a solar PV battery storage and diesel genset-based hybrid power plant in Niger in West Africa. The company has signed the contract with France-based

Paytm Mall's 8-day long festive season sale to begin from October 16. Homegrown e-commerce platform Paytm Mall on Thursday said it will start its eight-day long 'Maha Shopping Festival' sale from October 16 with participation of over 5,500 brands. The firm's online sale coincides with Flipkart's 'Big Billion Days' sales and

Mindtree's net profit jumps 88% to Rs 253.7 cr; salary hikes from January. The firm's revenues remained flat year-on-year at Rs 1,926 crore during the period under review and witnessed a marginal 1 per cent gain sequentially

Rapido forays into rickshaw booking, eyes expanding to 50 cities by yr-end. Ride hailing app Rapido on Thursday launched auto rickshaw booking service across 14 cities

Bombay High Court impleads T Rowe Price in UTI AMC's stake sale petition. This year the Officers Association filed an interim application pleading urgent hearing of the writ petition ahead of the IPO and to implead T Rowe Price as a respondent

Food delivery unicorn Zomato raises Rs 379 cr from US investor Kora. Gurugram-based Zomato has allotted 12,656 Class J5-1 compulsorily convertible cumulative preference shares at an issue price of Rs 3,00,235 per share to Kora

Air India facing a very challenging financial situation: Hardeep Puri. Hardeep Puri has called Air India's LWP scheme a "win-win for employees and management", and pointed out that Air India has not laid off a single employee like international and domestic carriers

Pandemic shock forced me to exit retail biz: Future Group founder Biyani. Future Group founder says lost about Rs 7,000-crore revenue in 3-4 months; he would now 'think small' and focus on becoming digital-first

Den Networks Q2 consolidated net profit declines 61.4% to Rs 36 cr. The company had reported a net profit of Rs 95.30 crore in the September 2019 quarter, Den Networks said in a regulatory filing

Bharat Dynamics Limited pays final dividend of Rs 35 crore to government. Bharat Dynamics Limited, a Hyderabad based Defence Public Sector Undertaking has paid final dividend of Rs 35.018 crore to the government of India

Reliance Jio continues to remain the fastest mobile network: Trai. Vodafone recorded the highest speed in terms of upload in September, according to the latest data from the telecom regulator

Food delivery volumes back to 85% of pre-Covid levels, says Swiggy. The recovery is taking place owing to multiple rounds of unlocks and restaurants opening up for business.

Wipro board approves Rs 9,500-crore share buyback; revenue up 1.4%. The company is looking at buying 237.5 million equity shares, or 4.16 per cent of its paid-up capital, though the date of the programme has not been fixed.

Abbott launches next gen heart rhythm management devices in India. Healthcare major Abbott on Wednesday said it has launched next-generation heart rhythm management devices in India

CLP Wind Farms raises Rs 300 cr through non-convertible debentures. The company said the move will help sustain the expansion of its renewable energy portfolio in alignment with the company's vision to invest in low-carbon footprint businesses

Walmart-backed payments firm PhonePe launches vehicle insurance service. Firm says users don't need to upload documents before making a purchase and they can view their policy documents instantly

Telecom a force-multiplier for all sectors, is an essential service: COAI. Telecom sector with transformational powers is set to be a force-multiplier for other sectors, and the government needs to view it as an essential service and enabler for industries, COAI said

Gujarat: Tanishq store puts up apology note after furore over withdrawn ad. A Tanishq showroom in Gandhidham town of Gujarat's Kutch district has put up a note on its door, apologising to Hindus in the district over the brand's controversial TV ad which was withdrawn

Infosys Q2 consolidated net up 20.5% YoY at Rs 4,845 cr; ups FY21 guidance. On a sequential basis, profit grew 14.45 per cent.

15% of start-ups have halted operations due to Covid-19 pandemic: Report. The impact of Covid-19 has been severe on the Indian start-up ecosystem during the lockdown as 15 per cent of start-ups have halted operations

Alstom's e-locos approved for freight locomotives to run at 120 kmph. Electric locos allow heavy freight trains to haul 6,000 tonnes at a top speed of 120 kmph and they are expected to increase the average speed by at least 20-25 kmph

Housing sales may increase by 35% in Oct-Dec on festive demand: Report. The coming festive season is likely to witness a surge in demand for residential properties and the housing sales may rise 35 per cent across the top 7 cities during the Oct-Dec period on a QoQ basis

Biyani's 'very honest' admission of why he had to sell Future Group to RIL. Future Group's Kishore Biyani said the retail major lost nearly Rs 7,000 crore revenue in first three-four months of the pandemic due to closing of stores, which led him to sell his business to RIL

Mercedes-Benz reports 38% drop in sales at 2,058 units in India for Q3. German luxury car maker Mercedes-Benz on Wednesday reported a 38.64 per cent drop in its sales at 2,058 units in India in the third quarter of the ongoing year but almost reached its pre-COVID sales level. The company had sold 3,354 units in the July-Septe

Amazon opens largest fulfilment centre in Bengal ahead of festive season. The facility has a capacity of 1.2 mn cubic ft; firm triples storage at an existing centre for large appliances and furniture to 600,000 cubic ft

US watchdog probes Jockey's India partner over rights abuse allegations. Page has denied wrongdoing and called allegations of verbal abuse and workplace intimidation against employees 'outrageous'

Covid-19 impact: CRISIL downgrades Thomas Cook India's rating to A+. The ratings are a result of the pandemic weakening the company's business and financial risk profiles

Glenmark Pharma launches pulmonary fibrosis treatment drug in India. Glenmark Pharma announced the launch of its generic version of Nintedanib (NINDANIB), used for the treatment of pulmonary fibrosis, in India

Private banks may see NIMs dip in Q2FY21; loan restructuring roadmap eyed. Market participants would watch out for greater clarity on NPA recognition, loan restructuring roadmap, and credit costs for the rest of the year

Tatas, private equity investors in talks with BigBasket for stake buy. Firm continues to see huge traction as it enters year-end sale period

Hindustan Zinc, Gujarat govt sign pact to set up zinc smelter plant. Vedanta Group firm Hindustan Zinc Ltd (HZL) on Wednesday said it has signed a pact with Gujarat government to set up a greenfield zinc smelter in the state. The project will entail an investment of up to Rs 10,000 crore. Spread over 415 acres, the facility

Covid-19: Bharat Biotech cuts Covaxin phase-2 clinical trial size by half. For phase-2 studies, the firm is also testing the vaccine on children above 12 years of age. In phase-1, they only tested adults.

3.9 million flyers in September, 66% lower than last year, says DGCA. India's largest airline, IndiGo's market share came down to 57.5 per cent from an all-time high of 60.4 per cent in July

Vedanta's failed delisting triggers debate on FDI tag, limited disclosure. Officials said the assumption that Vedanta's delisting would have been successful at a price of Rs 140 was "completely misplaced

Centre mandates all ministries, public depts to use BSNL, MTNL services. The memorandum dated October 12, was issued to all secretaries and departments under the central government following consultation with the finance ministry

Tata Steel BSL posts Rs 341.71 crore net profit for September quarter. Tata Steel BSL on Wednesday posted a consolidated net profit of Rs 341.71 crore for the quarter ended September 2020, helped by higher income

GreenBase, Tamil Nadu sign MoU to set up industrial, logistics park. The setting up of the park would see creation of multiple direct and indirect jobs besides boosting the socio-economic growth in the regiongreenbase

TCS to recruit 10,000 staff in US by 2022 after demand for services surges. The Mumbai-based company has hired over 21,500 employees in the past five years in the US

Infosys outshines rivals with Q2 performance; net profit jumps 20.5%. Revenue grows 86%; firm revises revenue and margin guidance upward

Hindustan Zinc, Gujarat govt sign pact to set up zinc smelter plant. Vedanta Group firm Hindustan Zinc Ltd (HZL) on Wednesday said it has signed a pact with Gujarat government to set up a greenfield zinc smelter in the state.

After TCS, Infosys announces salary hikes as sector overcomes pandemic. Hike will be effective from January 1 next year, quantum to be similar like last year

Hindustan Zinc, Gujarat govt sign MoU for Rs 10,000 cr greenfield smelter. Located over 100 km from Hazira port and 90 km from the upcoming Magdala port, the unit will occupy 415 acres and will be operational by 2022

Oil PSUs to float online portal to promote Aatmanirbhar Bharat campaign. Public sector oil companies will launch a portal to provide information on their capital goods requirements to domestic industry in line with the government's Aatmanirbhar Bharat campaign

Property developers give up profit margins for sales volume: Analysts. Margins in residential projects have come down from 20-30 per cent last year to 8 to 10 per cent in today's market

CCEA gives in-principle nod to demerger, strategic disinvestment of NSP. After the demerger, NSP will become a separate company and the managements of NMDC and NSP will be accountable for their respective operations and financial performance

Coolpad aims to sell 300,000 mobile phones during festive season. Mobile phone company Coolpad expects a twofold jump during the festive season in the country with a total sale of 300,000 handsets, a top company official said on Wednesday

Infosys to roll out salary hikes from Jan 2021, incentives to junior staff. India's second-largest IT services firm Infosys on Wednesday said it will roll out salary hikes and promotions across all levels effective January 1

E-commerce industry sees order volume growth of 31% during July-Sept 2020. After the lockdown was lifted across the country, this was the first quarter in which businesses were operational in a large part of the country

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