NSE share market NEWS tomorrow (09 October, 2020). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (09 October, 2020). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 09 October 2020
Lic Housing was amongst the top gainers, currently trading at 306.05 in NSE with 6.965 times change in volumes and 6.731% change in price. Other gainers included Pnb Housing with 5.828% price change and 4.256 times volumes, Wipro with 4.048% price change and 0.517 times volumes, Bank Baroda with 3.991% price change and 0.939 times volumes, and Punjab National with 3.957% price change and 1.301 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.
Amber Enterprises was amongst the top losers, currently trading at 1872.65 in NSE with 1.607 times change in volumes and -4.195% change in price. Other losers included Biocon with -3.677% price change and 1.916 times volumes, Tata Consumer with -3.482% price change and 1.24 times volumes, Laurus Labs with -3.473% price change and 0.514 times volumes, and Cummins India with -3.323% price change and 1.276 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.
CCI dismisses unfair business practices complaint against Hindalco, Vedanta. The Competition Commission of India (CCI) closed the matter as the informant was not able to substantiate the allegations made against the firms
India's richest club sees nine new entrants; Ambani dominance continues. Half of the nation's 100 richest saw gains rising a collective 14% to 7.5 billion, says Forbes
Adani Enterprises raises Rs 125 cr through NCDs on private placement basis. The company said it has allotted 1,250 NCDs.
TCS launches 10 cyber threat management centres to keep enterprises secure. To stay close to customers and keep enterprises secure and cyber-resilient while meeting data and cyber-sovereignty regulations, Tata Consultancy Services has operationalised 10 new TMCs
User base of InMobi's short video app Roposo crosses 100 mn on Play Store. Since the ban on Chinese apps including TikTok in June, Roposo's user base has been rapidly growing, with daily downloads touching 6 billion in the aftermath of the ban
Expect banks to lend more to the two-wheeler segment: Honda Motor. Honda Motorcycle and Scooter India (HMSI) on Friday said banks should enhance lending to two-wheeler customers in order to help revive the sector
Attacks on officers impacting morale of SBI staff; union demands action. SBI Officers' Association said a series of deadly attacks on bank staff is "adversely affecting their morale and faith" on the state administration and urged for immediate steps to ensure safety
M&M offers free coronavirus insurance plan for Bolero pick-up range. Auto major Mahindra & Mahindra on Friday announced a free coronavirus insurance plan for its Bolero pick-up range, offering a floater cover of up to Rs 1 lakh to the vehicle owner and his family members (up to two children) as part of its mega festive offe
TRP numbers controversy: How does BARC measure TV viewership in India?. With spotlight on alleged manipulation of viewership data, Business Standard decodes the system used to measure TV viewership in India
Madras HC orders formation of panel to ensure self-reliance in cancer drugs. In its judgment the court said India can not be dependent on China for APIs and ordered the formation of a five member committee to ensure self-reliance
India can become 2nd largest economy, will add 548,000 jobs: Salesforce. Salesforce is estimated to have market capitalisation of around USD 240 billion
Magicbricks sees 30-40% rise in online searches from pre-Covid level. Realty portal Magicbricks on Friday said the property searches on its platform has increased 30-40 per cent from the pre-COVID levels
Mid-corporates staring at 16% revenue drop in 2020-21, says India Ratings. In its previous forecast in May, the agency had forecast 6.02 per cent fall in aggregate revenue.
YES Bank case: CBI registers case against HDIL promoters Wadhawans. Searches conducted at residences, offices of Wadhawans
UTI Mutual Fund receives payment of over Rs 12 cr from Altico Capital. Certain UTI Mutual Fund schemes had invested in debt instruments of Altico that were downgraded to below investment grade by credit rating agencies in September 2019
One-third of IBM staff in India may be moved to new infra services biz: CEO. On Thursday, the 109-year-old IBM announced spinning off its managed infrastructure services unit into a new public company that has been temporarily named NewCo
Glenmark's antiviral combination for moderate Covid-19 shows no benefit. The trial's findings confirm that the addition of umifenovir does not show any incremental benefit in clinical outcomes, the company said
IBM spin off will have new leadership team in India: Arvind Krishna. As IBM spins out a new company to help focus in two lucrative markets, the company's CEO Arvind Krishna said that the yet to be named new company will have a separate leadership team in India
Ramco Cements' new grinding unit in Odisha goes starts operation. Ramco Cements Ltd on Friday said it has commenced operations at its new cement grinding unit in Odisha, set up at a cost of about Rs 710 crore.
Adani Gas cuts CNG, PNG prices amid reduction in natural gas rates. Adani Gas on Friday cut CNG and piped cooking gas prices in various geographical areas in sync with the recent reduction in natural gas rates
ONGC chairman says will look at HPCL and MRPL merger after June 2021. ONGC is likely to look at merging its two oil refining subsidiaries, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals, post-June 2021, its chairman Shashi Shanker said
Honda bets big on recovery of rural demand, upcoming festive season. Rural sales at present are around 23 per cent of overall sales, which is nearly the same as in pre-Covid times
CARE downgrades rating for Lakshmi Vilas Bank's issued, proposed securities. The 93-year old private sector Lakshmi Vilas Bank (LVB) on Friday said credit rating agency CARE Ratings has downgraded its rating of already issued and proposed securities
Jio waives post paid security fee to attract customers from rival networks. Reliance Jio has waived security fee deposit for postpaid customers who switch to its network from rival mobile service providers, a company official said on Friday.
Video app Roposo crosses 100 million users on Google Play Store. Roposo on Friday said it has become the first Indian short-video app to have crossed the 10 crore user mark on Google Play Store.
Chennai's EOW arrests DHFL promoters for cheating investors of Rs 218 cr. According to the police, a case was registered by the EOW on the direction of the Madras High Court, against DHFL and 11 others
Infosys looks to double headcount in Canada in 12-18 months: Nilekani. The Aadhaar architect pointed out that Canada is a great centre for artificial intelligence (AI) and University of Toronto and Montreal are big centres for the new-age technology
Origo does first securitised agr-commodity transaction in capital markets. This transaction creates an alternative asset class through Agri-commodities
Ahead of festive sale, Amazon pumps Rs 700 cr into digital payments arm. Amazon Pay has received the infusion from Amazon Corporate Holdings Private Limited, Singapore and Amazon.com Inc Limited, Mauritius, according to the documents filed by Amazon
Amazon, Flipkart in rapid expansion mode to tap upcoming festive season. Amazon India has expanded its fulfilment network in Karnataka with the launch of a new specialised fulfilment centre -the largest in India
Sebi asks ICICI Securities to amend research note on Vedanta, plans probe. brokerage published a report downgrading the stock from 'hold' to 'reduce' citing reduced book value approved by Sebi
IBM to break up 109-year old firm to focus on high-margin cloud computing. IBM will list its IT infrastructure services unit, which provides services including technical support for data centers, as a separate company with a new name by the end of 2021
Realty firm Mahindra Lifespace ties up with Extramarks Education. Realty firm Mahindra Lifespace on Thursday said it has partnered with edutech company Extramarks Education for providing online learning to its customers, brokers and employees at a discounted rate.
One-third of emerging cos may not get restructuring benefits: Ind-Ra. Ind-Ra on Thursday said a third of the mid and emerging corporates (MEC) having turnover of under Rs 750 crore rated by it could be ineligible for restructuring loans despite being "vulnerable"
Telcos expected to speed-dial ARPU improvement, raise tariffs, says Icra. The telecom tariff hike is imminent as service providers need to make sizeable payouts on statutory dues, spectrum buys, regular revenue share obligations and auction instalments Icra Ratings said
Tata Tech, GKN Automotive set up e-mobility software centre in Bengaluru. Spread over 12,650 sq ft, the unit will leverage Tata's expertise in electric and embedded systems, and its ability to attract talent to work on GKN Automotive's e-drive
Titan to exit JV with Montblanc, focus on primary biz, exclusive brands. During its five years of JV with Titan, Montblanc opened 12 boutique stores in the country and established an e-commerce business through Tata's online portal TataCliq
Paytm targets a million apps on its mini app store to take on Google. Paytm founder Vijay Shekhar Sharma called Google "judge, jury and executioner" after his app was temporarily removed from the Android app store last month
Housing finance companies saw excellent growth in Sept: LIC Housing MD. Housing finance companies saw excellent growth in Sept: LIC Housing MD
Unemployment, diseases emerge top challenges for business leaders: Report. 'Unemployment' is the main concern for business executives globally, followed by 'infectious diseases' that progressed by 28 spots to emerge as the second-most recurring risk, according to WEF survey
Future Group to go for mediation over Amazon's legal notice on RIL deal. Amazon.com Inc has slapped a legal notice on Future Group, alleging that the retailer's Rs 24,713 crore asset sale to Reliance Industries violated an agreement with the e-commerce giant
Amazon notice to Future on RIL deal: India's raging retail war explained. Amazon has sent a legal notice to Future Group, alleging the Indian retailer breached the terms of its contract by signing a deal with Mukesh Ambani's Reliance Industries
Toyota Kirloskar ties up with Myles to expand car subscription service. Toyota Kirloskar Motor said it has joined hands with Myles Automotive Technologies to expand its car subscription service for individual customers in Delhi NCR, Mumbai, and Bengaluru
Amid scarcity, Yogi Adityanath unveils UP's largest oxygen plant. INOX commissions oxygen plant in Modinagar, plans another one in Uttar Pradesh
Valli Arunachalam issues legal notice to Murugappa family members, others. The development comes after the shareholders of AIL voted against the induction of Arunachalam into its board
Passenger vehicle retail sales up 9.81% in September to 195,665 units. Other than PVs, tractors remain the only segment to show growth in sales while all the other segments continue to be in red
Voting on Jet Airways revival underway, decision after October 16. Kalrock Capital is the favourite to win the bid with social media also abuzz about lenders choosing it
Byju tops recall value in IPL ads; Dhoni, Virat most recalled celebrities. RCB captain Virat Kohli was just behind Dhoni with a CELEBAR score of 69
Uday Shankar steps down as president of Walt Disney Company India. However, he will remain with Disney's direct-to-consumer and international segment through the end of 2020 to help find his replacement
CK Rajkumar, entrepreneur and founder of Sujatha Bio Tech passes away. Rajkumar owned brands like Nivaran 90 and Velvette shampoo
Forbes India Rich List 2020: Ambani dominance continues; see full list. With a global health crisis raging, listed pharma entrepreneurs fared well while those with interests in real estate suffered
Jio designed to help India lead fourth industrial revolution: Mukesh Ambani. While it took 25 years for the Indian telecom industry to build its 2G network, Jio built its 4G network in only three years.
SITA plans to augment manpower as it sees more opportunities in India. Currently, the centre employs around 400-500 workforce, excluding the ones working with its various offshore partners here
Clix Group submits offer for up to 90% stake in Lakshmi Vilas Bank. Clix, backed by AION Capital, had submitted its letter of intent to LVB on June 15
Infosys inks pact to acquire Blue Acorn iCi for around Rs 915 crore. This acquisition deepens Infosys' capabilities in the Adobe, Magento, Salesforce Commerce and Shopify ecosystems
Fashion retail brand H&M India's revenue rises 14% to Rs 1,700 crore. While H&M was heavily dependent on the online channel for sales, the recent crisis has increased its dependence on the channel further
TCS beats estimates on faster demand recovery, announces Rs 16K-cr buyback. In dollar terms, revenues stood at .42 billion, an increase of 7.2 per cent over the same period of the last financial year.
Covid-19: Over 41% workers in India face increased burnout, says report. India had the second highest percentage of workers facing increased burnout in Asia at 29 per cen
Brickwork Ratings downgrades Lakshmi Vilas Bank's tier-II bonds. LVB's deposits ran down to Rs 23,565 crore in Q3FY20 and Rs 21,443 crore in Q4FY20
Amazon takes on Future Group over deal with Reliance, sends legal notice. A top industry source said the notice was unexpected as Biyani had first approached Amazon for a takeover of the Future Group companies before defaulting to its lenders and suppliers.
DGCA issues detailed ticket refund guidelines after Supreme Court verdict. The top court had, on October 1, also passed directions about the refund and credit shell formation for the bookings and cancellations done during the other time periods around the lockdown
Haryana govt allots 140 acre land to Flipkart to set up fulfillment centre. The fulfilment centre will have a covered area of 3 million square feet at Patli Hazipur, Manesar in Gurugram district, the statement issued by the Haryana government said
Urban Company introduces unlimited mental health leave for workers. Any employee who wants to avail the service would have to register on iWill
Electric 2-wheeler demand showing signs of revival, outlook positive: SMEV. The registration of HSE2W stood at 2,544 units in September 2020 as against 1,473 vehicles sold in the corresponding month of last year
TCS to roll out salary hikes for all employees, effective October 1. Quantum of raise being worked out as firm becomes the first in IT space to announce pay increase
Amazon sends legal notice to Future Group over Reliance deal: Report. Amazon, in its legal notice, cited a contract arrangement that included "a restricted list" of companies Future was not supposed to enter deals with, according to the report
Entrepreneurship is about having a purpose, says Kiran Majumdar Shaw. Entrepreneurship is not about making money but about having a purpose, renowned businesswoman Kiran Mazumdar-Shaw told Delhi government school students on Wednesday
Wipro to consider share buyback proposal, decision on 13 Oct board meeting. Wipro is the second mega Indian IT services firm to consider a buyback programme after market leader TCS
Govt appoints Dinesh Kumar Khara as SBI chairman for three years. Khara, one of the bank's four managing directors, replaces Rajnish Kumar, who is stepping down after being at the helm for three years.
Festival season sales: Over 50% consumers to shop online, says survey. This is a major jump from last year's survey when only 27% of consumers planning festive spending had indicated using e-commerce sites as their primary channel for shopping.
DHFL case: Bogus transactions of Rs 1,864 crore unearthed, says report. According to the report by the transaction auditor, the concerned transactions occurred between FY17 and FY19
Sustainability of recovery in domestic ports business a concern: Icra. The sustainability of recovery trend in the domestic ports business remains a concern and the sector is not out of the woods yet, ratings agency Icra said
Covid-19: Hindustan Coca-Cola Beverages to allow permanent work from home. Hindustan Coca-Cola Beverages said it has introduced an option of permanent work-from-home for its employees whose physical presence in the office is not required as part of a new policy
Truecaller crosses 250 mn monthly active users mark, 185 mn from India. Caller identification app Truecaller on Wednesday said it has crossed 250 million monthly active users mark, with about 185 million users from India.
Maruti Suzuki reports 26% rise in production to 166,086 units in September. The company had produced a total of 1,32,199 units in the same month last year, Maruti Suzuki India (MSI) said in a regulatory filing
Amazon India ties up with IRCTC to start online train ticket bookings. Users can check seat, quota availability on all train classes on Amazon app. They can pre-load money into Amazon Pay Balance wallet and pay in a single click
Shares of Titan gains over 4% as company returning to normalcy. Shares of Titan on Wednesday gained over 4 per cent after the company said its business has been returning to normalcy led by recovery of sales in its jewellery division in the second quarter
Blue Star expects pre-Covid level sales in AC, refrigration in March qtr. Blue Star expects sales from residential air conditioner and commercial refrigeration segment to touch pre-COVID-19 level in the fourth quarter of the current financial year
Amazon India partners IRCTC to offer reserved train ticket bookings. Amazon India on Wednesday said it has partnered with Indian Railway Catering and Tourism Corporation to provide their customers with the facility to book reserved train tickets on its platform
TCS Q2 PAT down 7% YoY at Rs 7,475 cr; announces Rs 16,000 crore buyback. The company's revenue came in at Rs 40,135 crore, up 2.9 per cent YoY and 4.7 per cent on a quarter-on-quarter (QoQ) basis.
Anand Mahindra joins other investors to back robotics start-up Genrobotics. Kerala-based enterprise has been working to eradicate manual scavenging, raises Rs 2.5 cr in pre Series A round
Ergos raises Rs 38.5 crore from Chiratae Ventures, Aavishkaar Capital. Agri-tech start up Ergos Business Solutions on Wednesday said it has raised Rs 38.5 crore in Series A round with fresh investment from Chiratae Ventures and Aavishkaar Capital
Likhitha Infrastructure IPO sails through after tweaks to structure. Garners 9.5x subscription; offer was to close Thursday but was extended due to shortfall in bids from QIBs even as retail portion saw strong demand
UP power utilities' losses top Rs 80k cr as govt defers privatising firm. Purvanchal Vidyut Vitran Nigam Limited account for the maximum share of Rs 19,373 crore or almost 25 per cent of the total amount
Indian CEOs less confident about economic growth; 62% took pay cuts: Survey. Corporate leaders in India are less confident about economic growth and 6 out of 10 CEOs have taken salary cuts as part of the overall cost management measures amid the pandemic, according to a survey
Airtel extends pact with Ericsson for deployment of 5G-ready radio network. Telecom operator Bharti Airtel has extended its contract with Ericsson for deployment of 5G-ready radio network, a statement said on Wednesday
New programme gives HDFC Bank customers financing at Apollo Hospitals. The HealthyLife Programme is created exclusively for HDFC Bank customers
Adarsh Hegde takes over as MD of Allcargo Logistics firm Gati-KWE. Hegde will continue to be joint managing director of Allcargo Logistics
Urban Company introduces unlimited mental health leave policy for employees. Urban Company introduced an initiative under which employees can take unlimited sick leaves in case they are suffering from any form of mental or physical illness
Latest farm reforms may light up Cargill's expansion plans in India. For companies like Cargill, the legal framework brings stability, creating an environment for infrastructure investment
Analysts expect muted YoY performance in Q2FY21 from India Inc. As regards the financial sector, analysts at Credit Suisse expect the management commentary on asset quality to turn more positive given a recent pick-up in collections
Sunteck Realty second quarter sales bookings up 96% at Rs 200 crore. Sunteck Realty Ltd reported 96% increase in its sales bookings at Rs 200 crore for the quarter ended September on better demand for its properties despite the Covid-19 pandemic
Harley fails, Hyundai triumphs: India's auto market is unlike any other. The problems: taxation system favours smaller cars, expat CEOs don't always understand business landscape
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