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NSE share market NEWS tomorrow (16 May, 2024). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (16 May, 2024). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 16 May 2024

Hindustan Aeronautics was amongst the top gainers, currently trading at 4603.70 in NSE with 4.339 times change in volumes and 10.074% change in price. Other gainers included Inox Wind with 9.108% price change and 3.863 times volumes, Titagarh Rail with 8.975% price change and 7.893 times volumes, Ncc with 8.811% price change and 9.316 times volumes, and Oberoi Realty with 8.703% price change and 1.445 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.

Bandhan Bank was amongst the top losers, currently trading at 179.60 in NSE with 3.711 times change in volumes and -5.424% change in price. Other losers included Mankind Pharma with -4.482% price change and 4.078 times volumes, Canara Bank with -4.454% price change and 1.436 times volumes, Gail India with -2.64% price change and 2.597 times volumes, and Kfin Technologies with -2.503% price change and 1.415 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.

40 start-ups extend support to Digital Competition Bill in a letter to MCA. In the letter, the start-ups have also requested an upward revision of the thresholds for designating Systematically Significant Digital Enterprises (SSDEs)

Mankind Pharma open to acquisitions; board okays Rs 7,500 cr fundraise. The drug maker was reportedly interested in buying private equity (PE) firm Advent International's stake in Mumbai-based biopharma firm Bharat Serums and Vaccines (BSV)

Netflix nears deal for 2 NFL games on Christmas, extending push into sports. The three-season pact will also see Netflix host at least one Christmas game in both 2025 and 2026, the league and the company announced on Wednesday

Gail Q4 results: Consolidated net profit jumps 2.8-times to Rs 2,469 crore. Latest rise was due to low base in Q4 FY23 as a result of supply disruptions

Nepal bans 'Everest, MDH Masala' brand, starts test for ethylene oxide. Nepal has banned these two spice brands after the news about high levels of ethylene oxide traces in the products

Tech Mahindra, IBM to assist businesses worldwide in adoption of GenAI. IT company Tech Mahindra on Thursday said it has collaborated with IBM to assist businesses worldwide in responsibly accelerating the adoption of generative AI (GenAI). Under the partnership, TechM amplifAI and IBM watsonx will integrate to bring new GenAI

Gail Q4 results: Profit slips 22% at Rs 2,177 cr from Q3, revenue down 6%. Gail Q4 FY24 results: Consolidated net profit of the country's largest gas distributer grew multi-fold compared to Q4 FY23

Zoho plans 0 mn foray into chipmaking, seeks incentives from govt. Semiconductors are a key plank of India's business agenda, with a billion package in place to boost the industry as it hopes to compete with countries such as Taiwan in a few years

Netgear explores possibility of building manufacturing facilities in India. Netgear, a global leader in networking technology, is exploring the possibility of establishing manufacturing facilities in India, the company said on Thursday. The inauguration of two new office floors for research and development here exemplifies the Nas

China's Baidu tops quarterly revenue estimates on ad recovery, cloud demand. Baidu has recently intensified its efforts to boost sales from its AI-related products and services

Samco Asset Management eyes Rs 500 cr from special opportunities fund. Samco Asset Management expects to mop up Rs 500 crore from its new fund offer that tracks long-term capital growth through undervalued or overlooked opportunities, a top company official said on Thursday. The new fund offering (NFO) would open on May 17 an

A-I ceased to be 'State' or its instrumentality post disinvestment: SC. Air India Limited (AIL) ceased to be State or its instrumentality under Article 12 of the Constitution after its disinvestment and take over by the Tata Group in January 2022, and no case of alleged violation of fundamental right would lie against it, the

Reliance Retail to sell British online retailer ASOS' products in India. The partnership is the latest in a string of deals by Reliance Retail, which has brought international brands such as American jewellery seller Tiffany & Co and French luxury brand Balenciaga to India

Netgear looks to expand in India as part of global growth strategy. India is the fastest-growing economy in the world and one of the high-growth nations within Netgear as well, said Charles Prober, chief executive officer of Netgear

Crompton Greaves Consumer Electricals Q4 net profit rises to Rs 133.43 cr. Crompton Greaves Consumer Electricals Ltd on Thursday posted a 1.43 per cent increase in consolidated net profit to Rs 133.43 crore in the March 2024 quarter. The company reported a consolidated net profit of Rs 131.55 crore a year ago, Crompton Greaves Co

V-Guard Q4 results: Net profit rises to Rs 76 cr on strong demand. V-Guard's revenue rose by 17.9% to Rs 1,343 crore, driven primarily by the company's core electrical segment, which rose 10.7%

Biocon Q4 results: Profit drops 57% to Rs 135 crore; revenue up 4%. Biocon Q4FY24 results: The company board has recommended a final dividend at the rate of 10 per cent i.e. Re. 0.50 per equity share

AIG to sell 20% stake in Corebridge to Japan's Nippon Life for .8 bn. J.P. Morgan Securities advised AIG on the deal, which is expected to close by the first quarter of 2025

Reliance Retail to bring UK's leading online fashion retailer ASOS to India. Reliance Retail will introduce ASOS's curated portfolio of fashion-led own brand labels to the Indian market through a multi-channel presence for ASOS and a diverse array of retail formats

Motherson Sumi Wiring Q4 results: Net profit rises 38% to Rs 191.44 cr. Auto components maker Motherson Sumi Wiring India Ltd on Thursday reported a 38.3 per cent rise in net profit to Rs 191.44 crore in the fourth quarter ended March 2024. The company had posted a net profit of Rs 138.47 crore in the same quarter a year ago,

Anil Agarwal-led Vedanta's board approves fundraise of up to billion. This is the second time that the company is raising funds in the current fiscal year. Last month, it said it would raise up to 0 million through debt securities

M&M Q4 results: PAT rises 4% to Rs 2,754 crore on strong auto biz. Farm business PAT grew 2 per cent in FY24 when industry volumes declined

Facebook, Instagram face new scrutiny under EU's strict digital regulations. The European Union opened fresh investigations Thursday into Facebook and Instagram over suspicions that they're failing to protect children online, in violation of the bloc's strict digital regulations for social media platforms. It's the latest round of

Brookfield REIT Q4 results: Net operating income rises 89% at Rs 461 cr. Brookfield India Real Estate Trust (BIRET) on Thursday reported an 89 per cent rise in its adjusted net operating income to Rs 460.8 crore during the March quarter and announced distribution of Rs 208.6 crore to unitholders. Its net operating income (NOI)

Akzo Nobel India Q4 results: Net profit rises 13.94% to Rs 108.7 cr. Paints and coatings maker Akzo Nobel India Ltd on Thursday reported a 13.94 per cent increase in consolidated net profit to Rs 108.7 crore in the fourth quarter ended March 2024, driven by volume growth. The company had posted a consolidated net profit of

Info Edge Q4 results: Net profit at Rs 88 crore, revenue rises 7.9%. Naukri.com owner Info Edge posted a consolidated net profit of Rs 87.9 crore in the fourth quarter ended March 31, 2024. The company had registered a loss of Rs 503.1 crore in the year-ago period. The consolidated revenue of operations increased 8.7 per ce

500 customers in India have adopted AI, GenAI: Microsoft India MD Ghose. According to Microsoft and LinkedIn's Work Trend Index, 92 per cent of India's knowledge workers use AI at work, as compared to the global figure of 75 per cent

Microsoft asks some China-based staff to relocate amid Sino-US tensions. Microsoft is asking about 700 to 800 people who are involved in machine learning and other cloud computing-related work to consider relocating, according to the Wall Street Journal

Angel One launches edutainment financial content platform Fin One. Fin One will provide guidance on cryptocurrency investment strategies and risk management while collaborating with industry experts and blockchain professionals

Voda Idea Q4 results: Net loss widens to Rs 7,674 cr, Arpu at Rs 146. The telco's finance cost increased to Rs 6,280.3 crore in Q4, shooting up by 25.5 per cent from Rs 6,284 crore in the same quarter of the previous year

Infibeam Avenues Q4FY24 results: Net profit rises 26.2% to Rs 49.6 crore. In financial year 2024 (FY24), the company reported a net profit of Rs 158.1 crore, up 13 per cent from Rs 139.6 crore in the previous financial year (FY23)

SBI MF adds automotive opportunities fund to its thematic line-up. According to fund house, the growing demand for premium automobiles & rising electric vehicle adoption also bodes well for the cos in this sector, while bringing new investment options to the fold

JK Paper Q4FY24 results: Net profit declines 2.44% to Rs 276.6 crore. JK Paper Ltd on Thursday reported a 2.44 per cent decline in consolidated net profit to Rs 276.6 crore for the fourth quarter ended March 2024, impacted by higher raw material cost and lower realisation across categories. The company had posted a consolida

M&M lines up Rs 37,000 crore investments in auto, farm, services biz. Board endorses Rs 12K cr EV boost; Rs 27K cr total auto investment

Biocon Q4 results: Net profit tanks 57% to Rs 136 cr; revenue up 0.94%. Biocon has re-appointed Kiran Mazumdar Shaw as an Executive Director of the company for a further period of 5 years starting April 2025

Electric vehicle components maker Matel raises million in funding. Founded in 2017, Matel manufactures synchronous machines and motor controllers for e-mobility, industrial applications, agricultural pumping, and the HVAC sector

Ola Cabs CFO Kartik Gupta quits after seven months of taking the role. Before joining Ola, Gupta worked as the Vice President and Regional CFO of Asia Pacific, Middle East and Africa at Procter and Gamble for over 17 years

Kesoram Industries chairperson Manjushree Khaitan passes away in Kolkata. The tyre business was demerged some years back and acquired by Himadri Speciality Chemical and Dalmia Bharat Refractories under a corporate insolvency resolution

Jio, Airtel, Vi deposited Rs 4,350 crore for upcoming spectrum auctions. Reliance Jio had a net worth of Rs 2.31 trillion followed by Airtel with Rs 86,260 crore, DoT said. Vodafone Idea had a negative net worth of Rs 1.16 trillion

Venu Sports: Disney-Fox-WBD sports-streaming venture to be launched soon. Announced in February, the service will try to woo younger viewers who are not tuned in to cable TV with bundled offering of the companies' broad portfolio of professional and collegiate sports rights

PhonePe collaborates with LankaPay to promote UPI payments in Sri Lanka. Apart from the National Payments Corporation of India's (NPCI) UPI, these transactions will be facilitated by the LankaPay National Payment Network

Integration of frequent flyer programs of Vistara, Air India begins. The integration of approximately 7,000 employees of Vistara will begin in June, with its merger into Air India targeted to be completed by the year-end, Air India CEO Campbell Wilson said on Monday

Mankind Pharma Q4 results: Net profit up by 62%, revenue rises by 18.9%. Mankind's revenue from operations rose to Rs 2,441 crore in Q4 FY24, an 18.9 per cent Y-o-Y rise from Rs 2,052 crore reported in Q4 FY23

State Bank of India hikes short term retail FD rates by 25-75 bps. Also hikes bulk deposit rates; other lenders may follow suit

NLC India Q4 results: PAT declines 86% to Rs 114 cr due to lower income. State-owned NLC India Ltd on Wednesday reported 86.2 per cent drop in consolidated net profit to Rs 114.23 crore for the March quarter due to lower income. The company had posted consolidated profit of Rs 829.67 crore in the year-ago period, NLC India said

CEO's growth correlation remark not meant to doubt GDP data: Asian Paints. Asian Paints Ltd on Wednesday said its Managing Director & CEO Amit Syngle's comments on correlation between growth in the paint industry and the GDP were not meant to question the sanctity of the GDP numbers. In a clarification shared on the stock exchang

Canara Bank, JSW Energy among companies getting added to MSCI indexes. India's Canara Bank, Indonesian chemical firm Chandra Asri Pacific and Indian power generator JSW Energy will be the three largest additions to the MSCI emerging markets index

Thomas Cook India Q4 result: PAT at Rs 58 cr, total income up 27.84%. Travel services provider Thomas Cook (India) Ltd on Wednesday reported a consolidated net profit of Rs 58.17 crore for the fourth quarter ended March 2024. The company had posted a consolidated net loss of Rs 10.22 crore in the same quarter a year ago, Tho

CMS Info Systems Q4 results: Net profit jumps 23% to Rs 99.4 crore. Banking logistics and technology player CMS Info Systems on Wednesday reported a 23 per cent jump in its March quarter net profit at Rs 99.4 crore. The company had reported a post-tax profit of Rs 80.6 crore in the year-ago period. The company reported a 2

Leaning in: Isha Ambani beyond Reliance Retail, promotes women to opt STEM. 'A male-dominated STEM/ICT landscape, where women are under-represented, will rob India of its opportunity to rule the roost,' Ambani said

Premium TVs to drive growth in segment for LG, expects to grow at 30%. The 55-inch TV category is fast becoming a bigger chunk of the market for the company, recording a growth of 30-35 per cent

LIC Housing Finance Q4 result: Net profit down 7.5% to Rs 1091 cr. Mortgage financier LIC Housing Finance on Wednesday reported a 7.5 per cent decline in its profit at Rs 1,091 crore in the fourth quarter ended in March 2024. LIC promoted housing finance company had reported a profit of Rs 1,180 crore in the year ago peri

JPMorgan CEO Jamie Dimon favors full engagement with China: Reports. China vowed retaliation, with its commerce ministry saying that Beijing was opposed to the tariff hikes and would take steps to defend its interests

Redington Q4 results: Net profit rises 5% to Rs 326 cr on gadgets demand. Affluent Indians are increasingly spending more than 30,000 rupees (1.30) on new smartphones, benefiting manufacturers and distributors such as Redington

As movies disappoint, PVR Inox may screen T20 Cricket World Cup, concerts. PVR Inox, which reported a net quarterly loss of Rs 130 crore (.6 million) on Tuesday, is building a portfolio of concerts, sports, and alternate events to attract crowds

Q4 FY24 results: RVNL, MOIL, Biocon among 84 firms to post earnings today. Q4 FY24 company results: Dixon Technologies, Jindal Stainless, Power Finance Corporation, Thomas Cook will also release their financial results

Cipla promoters sell 2.53% stake worth Rs 2,600 cr to fund philanthropy. In a stock exchange filing, the company said the stake sale was for the purpose of creating liquidity for specific needs, including philanthropy

India's maiden mythology OTT platform 'Hari Om' set to debut: Details here. Vibhu Agarwal, the force behind this project, has previously been involved with platforms like 'Ullu' and 'Atrangii'

LIC gets 3-year extension from Sebi to meet public shareholding norms. Sebi regulations require all listed companies to maintain a 25% public float, but firms with a post-issue market capitalisation exceeding Rs 1 trillion have a 5-year timeline to meet the 25% MPS rule

Trouble mounts for MDH, Everest as New Zealand checks for contamination. Regulators in India have inspected MDH and Everest plants and sent samples for testing after the global scrutiny, though the results have not yet been made public

SAIL's Bhilai steel plant to install solar energy systems in premises. Bhilai Steel Plant (BSP) has decided to install solar power generation systems on the rooftops of various buildings in its plant premises and township in Bhilai. The flagship unit of the country's largest steel maker Steel Authority of India Limited (SAIL)

LIC gets 3-yr extension from Sebi to achieve 10% public shareholding. State-owned insurance giant now has to meet regulatory requirement on or before May 16, 2027

Canada imposes Rs 82 lakh penalty on Infosys for underpayment of tax. Infosys has stated that it anticipates no significant impact on its financials, operations, or other commitments due to the imposition of the fine

IndiaFirst Life Insurance names Rushabh Gandhi as its next MD & CEO. Financial services veteran will have a 5-year term; incumbent R M Vishakha to retire in June

Granules India Q4 results: Revenue declines 1.6% on weak paracetamol sales. The company's consolidated revenue fell year-on-year to 1,176 crore rupees (nearly 1 million) for the three months to March 31

Digital services firm UST to train over 25,000 employees in GenAI skills. Programme will 'upskill' more than 80 per cent of company's employees, it says

LG looks to enhance lead in TV segment with products tailored for India. Korean consumer electronics major LG will continue to introduce products in the home entertainment segment tailored for India to maintain its leadership position, according to senior company officials. LG Electronics India, which on Wednesday launched 55 A

Number of Agri startups jumps multifold to 7,000 in last 9 years: Report. The number of startups in agriculture and allied sectors has risen to over 7,000 in the last nine years due to a conducive business environment and government support, a report said. Before 2014-15, there were less than 50 startups in agriculture and allie

DLF to enter Mumbai, Goa this year with luxury homes; All details here. Expects 22-25% of its total sales in 2024-25 to come from NRIs

Nivea vs Ponds: Why are two famous moisturiser brands battling in court?. A legal battle has unfolded between Nivea and Ponds over oil content, hydration, market practices, and the use of a specific colour

IIFL Finance raises Rs 1,271 crore through rights issue to fund biz growth. IIFL Finance on Wednesday said it has raised Rs 1,271 crore through a rights issue as part of efforts to raise capital to fund business growth. The decision to raise capital through a rights issue was made following the RBI's ban on March 4, which prohibit

Uber's India tech team powers Uber Eats to 1 million merchants globally. Uber said this milestone marks a significant step in Uber Eats' journey, while also underscoring the role of the India engineering support centres in the growth and evolution of the business

Berger Paints India Q4 results: Net profit rises 19.68% to Rs 222.62 crore. Berger Paints India Ltd on Wednesday reported a 19.68 per cent increase in consolidated net profit to Rs 222.62 crore in the fourth quarter ended March 2024. The company had posted a consolidated net profit of Rs 186.01 crore in the same quarter a year ago

MakeMyTrip's Q4 profit jumps multifold to 2 mn on tax credit gains. Nasdaq-listed MakeMyTrip Ltd on Wednesday reported a multi-fold jump in profit at USD 171.9 million in the March 2024 quarter, aided by gains on tax credit and convertible notes value. The company had posted a profit of USD 5.4 million in the same quarter

ISF paves new direction for Infosys Prize, shifts to early-career focus. The existing prize categories will remain largely unchanged, except for Economics, which will now be a separate category instead of being under Social Sciences

Substantial rise in mobile tariffs needed in India: Airtel CEO Gopal Vittal. Hints at multiple tariff hikes, says free 5G data dragging down Arpu

Jindal Stainless Q4 results: Net profit declines 30% to Rs 500 crore. Jindal Stainless on Wednesday reported a 30 per cent fall in consolidated net profit to Rs 500.65 crore for the March quarter on account of lower income. It had clocked Rs 716.29 crore net profit during the fourth quarter of FY23, the company said in an ex

TVS Motor starts operations in Italy, to introduce range of scooters, bikes. TVS Motor Company Ltd on Wednesday said it has started its operations in Italy with plans to introduce a range of both conventional as well as electric scooters and motorcycles. The company is expanding its operations in Italy via its branch office, TVS Mo

Power Finance Corporation Q4 result: Net profit up 23% at Rs 7,556 cr. The company is expected to borrow around Rs 1 trillion to 1.20 trillion in the financial year

HDFC Life Insurance declares bonus worth Rs 3722 cr to policyholders. In participating or 'par' policies, life insurance companies share the benefit of profit in the form of bonuses with policyholders

Air India Express cancels some flights due to rostering system issues. Air India Express cancelled some flights on Wednesday as the airline grapples with crew rostering system issues, according to sources. The Tata Group-owned carrier, which generally operates around 380 flights daily, has moved to a new rostering system. Sin

GSK's Shingrix vaccine can prevent Shingles for over a decade: Study. Shingles is a painful rash caused by the reactivation of the varicella-zoster virus, the same virus that causes chickenpox. Up to one in three people will develop shingles in their lifetime

Amazon Web Services launches GenAI service Bedrock in APAC Mumbai region. It will support customers across the country, including public sector organisations and companies in regulated industries

GOVO clocks Rs 100 cr revenue in FY24, targets Rs 1,000 cr by FY28: CEO. Audio electronics brand GOVO targets to be a Rs 1,000 crore entity by FY2027-28, a top official of the company said on Wednesday. The Bengaluru-based audio electronics brand, established in 2022, clocked a revenue of Rs 100 crore in FY2023-24, GOVO CEO and

After Wipro, Infosys orders 400,000 litres treated waste water from BWSSB. After Wipro, now Infosys has also taken a plunge into greywater. The tech giant will soon be supplied with four lakh litres of zero-bacteria water, according to sources in the Bangalore Water Supply and Sewerage Board (BWSSB). Starting this month, Wipro is

ReNew inks initial pact with Societe Generale for billion debt financing. Energy firm ReNew on Wednesday announced that it has signed an initial pact with European bank Societe Generale for up to USD 1 billion financing as debt and advisory solutions over the next three years. ReNew has signed a Memorandum of Understanding (MoU)

PhonePe partners LankaPay, enables UPI payments for travelers in Sri Lanka. PhonePe on Wednesday announced a partnership with LankaPay to allow its users to pay using UPI across Sri Lanka. At an event to mark the collaboration, PhonePe said its app users travelling to Sri Lanka can make payments using UPI across LankaPay QR mercha

Glad to see VIL's fund raise; India to benefit from 3 pvt telcos: Airtel MD. Bharti Airtel Managing Director Gopal Vittal on Wednesday said he was happy to see Vodafone Idea raising funds and asserted that India will be well-served with three private players operating in the market. The comment assumes significance as Airtel's smal

L&T Finance aims at 25% CAGR over next few years, retail lending in focus. L&T Finance Ltd is aiming at a 25-per cent compound annual growth rate (CAGR) over the next few years, with focus on consolidating its retail lending business, a top company official said on Wednesday. The financial services arm of Larsen & Toubro plans to

Go Digit General Insurance raises Rs 1,176.59 crore from anchor investors. It allocated over 43 million equity shares at Rs 272 per share on Tuesday, to anchor investors

Amazon's accelerator aims to launch 50 Indian startups in global markets. The applications for the programme open today, will close on June 14, 2024. It will culminate in a demo day where participants will get chance to pitch their business propositions to leading VC firms

PE firm ChrysCapital to invest up to Rs 830 crore in Centre For Sight. "This investment will support CFS's ability to further scale and serve the growing demand for eye care in India both across Tier-I and Tier-II cities," the statement added

Siemens Q4 results: Net profit up 74% at Rs 896 crore on higher revenues. Technology firm Siemens Ltd on Tuesday posted nearly 74 per cent rise in March quarter profit after tax at Rs 896 crore, mainly on the back of higher revenues. The company, which follows October-September financial year, had logged a profit after tax (PAT)

Manipal Hospitals rebrands AMRI units eight months after acquisition. Manipal Hospitals, which acquired an 84 per cent stake in AMRI Hospitals in September 2023 for around Rs 2,300 crore, announced brand integration on Tuesday

Siemens profit surges 70%, to list energy biz into separate entity. Announces demerger of energy business into a separate listed entity, incremental capex of Rs 500 crore

Ikea gets closer to Delhi-NCR, to set up warehouse facility in Gurugram. Spread over 150,000 square feet, the warehouse facility will be able to store over 7,000 products and aid the group's expansion into Delhi-NCR

HDFC Bank's IT expense 7% of total spending, says senior executive. Digital investments part of lender's 'transformation journey', says Parag Rao

Patanjali Foods Q4 results: PAT falls 22% to Rs 206 cr on higher expenses. The Ruchi Gold oil maker's profit fell to Rs 206 crore (around million) for the quarter ended March 31, from Rs 264 crore a year earlier

Zydus Wellness Q4 profit up 3.4%, driven by strong brand performance. For the full year of FY24, the company posted a 14 per cent Y-o-Y decline in PAT and the revenue grew by 3.2 per cent reaching Rs 266.9 crore and Rs 2,327.8 crore respectively

Chinese EV maker Leapmotor to enter India in third quarter of 2024-25. Stellantis and Leapmotor announced on Tuesday that they have received all required approvals to form Leapmotor International BV, a 51:49 joint venture led by Stellantis

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