NSE share market NEWS tomorrow (07 February, 2024). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (07 February, 2024). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 07 February 2024
Trent was amongst the top gainers, currently trading at 3607.50 in NSE with 8.139 times change in volumes and 18.863% change in price. Other gainers included Yes Bank with 17.323% price change and 2 times volumes, One 97 with 9.997% price change and 0.318 times volumes, Adani Green with 8.384% price change and 4.517 times volumes, and Angel One with 6.784% price change and 1.356 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.
Indian Energy was amongst the top losers, currently trading at 145.10 in NSE with 1.61 times change in volumes and -5.07% change in price. Other losers included Ireda 8 with -4.989% price change and 0.565 times volumes, Computer Age with -3.071% price change and 0.706 times volumes, Biocon with -2.78% price change and 0.489 times volumes, and Petronet Lng with -2.583% price change and 0.328 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.
Paytm shares rise amid news reports of CEO meeting FM, RBI officials. Paytm's stock price ended the session at Rs 496.7 on Wednesday. Still, since January 31 - when the RBI ordered its payments bank division to stop accepting fresh deposits from March
Nestle India results: Net rises 4.4% in Dec qtr stirred by Nescafe success. Strong demand for Nescafe classic and Nescafe sunrise drives double-digit growth of beverage portfolio
HDFC Bank raises 0 million through maiden sustainable finance bonds. Largest private sector lender HDFC Bank on Wednesday said it has raised USD 300 million in its maiden sustainable finance bond issue. The money raised is part of the USD 750 million bond-raise which was announced on Tuesday, a statement said, adding that t
BBT aims for Rs 600 cr topline, with one-third revenue coming from K'taka. Pre-owned luxury car seller Big Boy Toyz on Wednesday said it aims a topline of Rs 600 crore in the coming financial year, with one-third of this revenue coming from Karnataka. The company also announced the opening of its first dealership in Bengaluru and
Redington Q3 results: Profit rises to Rs 153 cr, income at Rs 111 cr. Information technology solutions provider Redington Ltd has reported a standalone net profit of Rs 153.58 crore for the October-December 2023 quarter, the company said on Wednesday. The company had registered standalone net profits at Rs 141.38 crore durin
JB Pharma CEO attributes 3.5% of company's growth to new introductions. "We are growing at 16 per cent, compared to the Indian Pharma Market (IPM) growth of 8 per cent, and a 12 per cent growth of the market which we cover," Chopra said
Sobha Q3 results: Profit declines more than 50% to Rs 15.08 crore. Consolidated net profit for the Bengaluru-based company was Rs 15.08 crore (.8 million) in the quarter ended Dec 31, compared with Rs 31.81 crore a year earlier
Tata Steel completes amalgamation of five businesses, TRF merger called off. TRF mentioned in its regulatory filing that an application to withdraw the scheme of amalgamation has been filed with the National Company Law Tribunal (NCLT), Kolkata Bench
It is for RBI to deal with Paytm issue, says Financial Services Secy Joshi. Financial Services Secretary Vivek Joshi on Wednesday said it is for the Reserve Bank to deal with the Paytm issue and the government has nothing to do with the matter for now. He also said that Paytm Payments Bank Ltd (PPBL) is a small financial entity an
Apollo Tyres Q3 results: Profit surges 70% to Rs 736 crore, revenue up 2.7%. Consolidated pre-tax profit before exceptional items was Rs 736 crore (around mn) in the quarter ended Dec 31, compared with Rs 424 crore a year earlier
SoftBank-backed Meesho unveils Valmo to enable low-cost deliveries. Valmo would partner with fulfilment centres across the country. This way, it aims to create a national logistics solution by eliminating entry barriers for local players
LG enters self-laundry service in India, to invest million in 2024. Leading home appliances maker LG Electronics India on Wednesday announced its entry into the self-laundry services space, where it is planning to invest USD 4 million (around Rs 33.2 crore). The company has announced a new business venture -- innovative se
Metafin secures million equity to catalyse solar adoption in rural India. Metafin, a cleantech-focused NBFC, on Wednesday said it has raised USD 5 million in equity funding, led by Prime Venture Partners and Varanium Capital. Metafin, which specialises in rooftop solar loans for semi-urban and rural MSMEs, provides financing and
ONGC inks JV pact with NTPC to set up offshore wind energy projects. India's top oil producer ONGC and the nation's biggest power firm NTPC on Wednesday signed a joint venture agreement to set up offshore wind energy projects as the two firms look to boost collaboration in renewable energy. The pact was signed during India
JK Paper Q3 results: Net profit falls 29% to Rs 236 cr on raw material cost. JK Paper Ltd on Thursday reported a 29.13 per cent decline in its consolidated net profit to Rs 236.36 crore for the third quarter ended December 2023, impacted by the rise in raw material cost and weak demand scenario. The company had posted a net profit
Trent Q3 results: PAT jumps 124% to Rs 374 cr on lifestyle segment growth. "The growing scale of our operations distinctly enables us to realise greater operating synergies," said Trent Chairman Noel N Tata
Artisan Partners divests 1.2% stake in Indus Towers for Rs 717 crore. Asset management company Artisan Partners on Wednesday divested a 1.2 per cent stake in telecom infrastructure major Indus Towers for Rs 717 crore through an open market transaction. The US-based Artisan Partners through its affiliate Artisan International
Skye Air enters into partnership with SMILe to deliver shipments via drones. Logistics solution provider Skye Air on Wednesday said it has entered into a partnership with e-commerce enablement platform SMILe (Shree Maruti Integrated Logistics) for delivery of shipments via drones. The partnership is enable faster order fulfilment i
Varroc Engineering Q3 results: PAT at Rs 384 cr, revenue rises 9.4%. Auto parts supplier Varroc Engineering on Wednesday reported a consolidated Profit After Tax (PAT) of Rs 383.9 crore in the December quarter, primarily driven by a tax benefit of Rs 313.1 crore. The company had reported a consolidated PAT of Rs 21.8 crore
SJVN gets LoI for 200 MW solar project form Gujarat Urja Vias Nigam. State-owned SJVN Ltd on Wednesday said it has received a letter of intent from Gujarat Urja Vias Nigam Ltd to set up a 200 megawatt (MW) solar power project. The tentative cost of construction and development of this project is Rs 1,100 crore, SJVN CMD Gee
Kinetic relaunches iconic Luna after 2 decades in electric avatar. Luna was launched in 1972 and it went out of production in 2000
Several startups get RBI approval to operate as payment aggregators. According to industry insiders, several such applications are currently being processed by the RBI and more startups are expected to get approvals in the coming months
ISPRL signs deal with Hindustan Petroleum to lease 300,000 MT space. State-run ISPRL has been selling from the caverns to local refiners after a change in the government rules in 2021
Fortis Healthcare Q3 results: Profit down 3.2%, revenue grows by 7.7%. The company reported a fall in bed occupancy to 64 per cent in Q3FY24, from 66.1 per cent in the same quarter last year. This has been attributed to the addition of 100 operation beds
FTC dings Microsoft over Activision Blizzard's 1,900 jobs cuts in court. The FTC said the layoffs show that the merger created areas of overlap and the court should have paused Microsoft's integration of the two companies while the agency completes its in-house trial
GFCL EV to invest Rs 6,000 crore in indigenous EV battery supply chain. Vivek Jain, chairman of INOXGFL Group, said the investment highlights its pivotal role in shaping the future of the EV and ESS battery industry
Lenovo to expand manufacturing capacity, begin laptop exports in 2 years. Smart devices maker Lenovo plans to expand production capacity of Motorola mobile phones and laptops to meet domestic requirements as well as serve export markets, senior company officials said on Wednesday. Speaking with reporters at Lenovo Tech World eve
Lupin Q3 results: Net jumps 300% to Rs 613 cr on back of record sales. Nilesh Gupta, MD, Lupin Limited said, "We delivered our highest quarterly sales to date, crossed the Rs 5,000 crore mark for the first time, driven by strong growth across geographies."
Logistics firm V-Trans India Ltd targets Rs 3,000 cr turnover by 2026. Logistics firm V-Trans (India) on Thursday said it is targeting a turnover of Rs 3,000 crore by 2026. The company also said it had outlined a comprehensive strategy focusing on surface transport and leveraging technology for sustainable profitability. As p
Apple building prototype of at least two foldable clamshell iPhones: Report. Apple recently approached at least one manufacturer in Asia for components related to two foldable iPhones of different sizes, the report said
Carlyle shares jump 10% after drop in Q4 earnings exceeds estimates. Carlyle said its net profit from asset sales fell nearly 44% to 7.7 million, as market volatility, high interest rates and geopolitical tensions weighed on its ability to cash out investments
Haven't seen rural growth similar to past decade: Britannia's Varun Berry. During the quarter, the food major also implemented price reductions and introduced consumer promotions for its key brands
HUL to make key changes to its management committee, effective from April 1. HUL has appointed Shiva Krishnamurthy as Executive Director of its Foods and Refreshment division. It has also appointed Srinandan Sundaram as the Executive Director, Homecare
Uber bookings beat on robust demand for rides, delivery during holidays. Revenue increased 15% to .94 billion, ahead of estimates for .78 billion
Cognizant Q4 profit up 7% at 8 mn, 2024 revenue guidance at -2% to 2%. The firm, based in Teaneck, New Jersey, reported a 7 per cent increase in net profit at 8 million for the December quarter
MCA issues fresh notice to fintech BharatPe as part of ongoing inquiry. BharatPe claimed that the notice pertained to an inquiry initiated in 2022, requesting additional information on its operations and actions taken against co-founder Ashneer Grover
Canara Bank considering stock split on Feb 26 to boost stock's liquidity. Canara Bank on Wednesday said it is planning split of the equity shares of the state-owned bank to boost the stock's liquidity. The decision in this regard will be taken by the bank's Board of Directors in a meeting, which is scheduled on February 26, Cana
Aether Industries to commission 15 MW solar power plant in Bharuch, Gujarat. Aether Industries will commission a 15 MW solar power project (Auto-Tracker Modules) under the Captive Power Producer (CPP) segment in the Bharuch district of Gujarat with an aim to become more sustainable. Earlier, in July 2023, Aether Industries had comm
Tata Steel board decides not to merge TRF Ltd as company sees turnaround. Tata Steel on Wednesday said its board has decided not to pursue the amalgamation of TRF Ltd, as the associate company is witnessing a turnaround in its business performance. Tata Steel had earlier announced the amalgamation of nine of its strategic busine
Nestle India results: PAT rises over 4% to Rs 655.6 cr in Dec quarter. Nestle India's net rose 8.27 per cent to Rs 4,583.63 crore during the period under review. It was at Rs 4,233.27 crore in the corresponding period of last fiscalpress
Gensol Engineering raises Rs 900 cr equity capital via convertible warrants. Renewable energy solutions provider Gensol Engineering on Wednesday said it has raised Rs 900 crore through the issue of warrants convertible into equity shares on a preferential basis. The equity fundraise saw participation from international and domestic
India fastest growing economy in world, says Tata Steel CEO T V Narendran. Tata Steel CEO and Managing Director T V Narendran claimed India is the fastest growing economy of the world and the next three decades are important for the country on the development front. China has emerged rapidly during the last 30-40 years and the ne
Tata-owned Trent Q3 profit jumps more than two-fold on festive demand. The Tata Group-owned company reported a consolidated net profit of Rs 371 crore (about million) for the three months ended Dec. 31, from Rs 155 crore a year earlier
HDFC Bank announces raising 0 mn through multi-year overseas bonds. Private lender mops up 0 mn via maiden sustainable finance bond
CBI books TTPL's current, former MD in Rs 120 cr loss in consultant hiring. The CBI has registered an FIR against the managing director of Kerala government PSU Travancore Titanium Products Limited (TTPL) and others in connection with its losses of Rs 120 crore due to alleged irregularities in the hiring of 'MECON, Ranchi, Uttaran
GFCL EV to invest Rs 6,000 crore in next 4-5 years to ramp up production. Gujarat Fluorochemicals arm GFCL EV Products on Wednesday announced an investment of Rs 6,000 crore for increasing production capacity of electric vehicle battery materials in the next 4-5 years. The company is poised to enter high-demand regions of the US
IPO for India unit not decided yet, final decision in a month: Hyundai. 'We constantly review various measures, including listing overseas subsidiaries, to increase corporate value, but nothing has been decided,' Hyundai Motor said in a regulatory filing
Trent Q3 results: Net profit rises two-fold to Rs 370.6 cr, revenue up 50%. Tata Group retail firm Trent Ltd on Wednesday reported a two-fold rise in consolidated net profit to Rs 370.64 crore for the third quarter ended December 2023, helped by strong momentum in sales and improved margins. The company had posted a consolidated n
Tata Steel, South East Railway join hands to develop sustainable infra. Private steel major Tata Steel on Wednesday said it will jointly work with South Eastern Railway (SER) to develop sustainable rail infrastructure by utilising its slag-based aggregates. A deliberation on the project execution was held between officials of
Ola Electric considers bidding for mining rights of lithium blocks. Amid growing energy needs, India is trying to encourage electric vehicle production to cut greenhouse gas emissions and reduce reliance on fossil fuel imports
Fintech platform Groww adds 1 million new mutual fund SIPs in December. Fintech platform Groww has emerged as the top distributor of mutual funds with the addition of over 1 million new SIPs (Systematic Investment Plans) in December, accounting for 25 per cent of total new SIPs in the country. According to data from Associatio
NTPC to raise up to 0 mn in debt from foreign investors via ECB route. State-owned NTPC Ltd is looking to raise up to USD 750 million (about Rs 6,222 crore) in debt from foreign investors. According to the request for proposal by the company, the proposed facility is being raised under automatic route as permitted under Exter
Power Grid Corporation Q3 results: Net profit rises 11% to Rs 4,028 crore. State-owned Power Grid Corporation on Wednesday posted a 10.5 per cent rise in consolidated net profit to Rs 4,028.25 crore in the December quarter, mainly on the back of higher revenues. Its consolidated net profit stood at Rs 3,645.29 crore in the year-a
Petrobras in talks for projects with Gulf, Indian, Chinese firms, CEO says. "We have two groups of Asian countries that we're interacting very much right now and we're building relationships right now - Gulf countries, India and China," he said
Manappuram Finance Q3 results: Profit up 46% at Rs 573 cr on strong demand. The October-December quarter included some key festivals that typically spur demand. Most Indian lenders have reported double-digit loan growth for the period
Cactus Venture Partners raises Rs 630 cr fund to invest in startups. Cactus Venture Partners on Wednesday announced that it has raised Rs 630 crore for its maiden fund to invest in early growth stage startups. This is the final close for the fund, which will invest in climate technology, health technology and business-to-bu
Kalpataru Projects Q3 results: Profit rises over 32% to Rs 144 crore. Engineering major Kalpataru Projects International (KPIL) on Wednesday reported over 32 per cent jump in its consolidated net profit to Rs 144 crore in December quarter compared to a year ago mainly on the back of higher revenues. Its profit stood at Rs 10
Meesho reduces logistics cost by 5% through software infra platform Valmo. E-commerce firm Meesho on Wednesday said it has reduced its logistics cost by 5 per cent by using its software logistics infrastructure platform Valmo. Valmo currently handles 20-22 per cent of orders of Meesho, which it plans to double in the next 12-18 m
Tata Consumer Q3 result: Profit rises 27% to Rs 513 crore on festive demand. The company reported a consolidated profit before exceptional items and tax of 5.13 billion rupees (.8 million) in the quarter ended Dec. 31, up 27% from the year-ago period
TotalEnergies, ONGC join forces to detect, measure methane emissions. TotalEnergies and state-owned Oil and Natural Gas Corporation (ONGC) have signed a cooperation agreement to carry out detection and measurement of methane from the Indian firm's operations using the French company's pioneering technology. ONGC is aiming to
Tax implications likely to influence Hyundai's decision to list Indian arm. Hyundai Motor is exploring an initial public offering (IPO) of its Indian unit to raise around bn (at a valuation of up to bn), according to sources
Esconet Technologies secures orders from NICSI for servers, object storage. Esconet Technologies said on Wednesday it has secured an order from National Informatics Centre Services Inc (NICSI) to deliver servers and object storage for the Immigration, Visa and Foreigners Registration & Tracking application of the FRRO. The servers
Coal India aims to deploy 681 EVs at mines, subsidiary headquarters by FY26. State-owned Coal India Ltd aims to take the total number of e-vehicles at its mines to 681 by FY2025-26 from 178 at present, the government said on Wednesday. Coal and Mines Minister Pralhad Joshi in a written reply to the Lok Sabha said that Coal India Lt
Moody's downgrades agri solutions provider UPL, maintains negative outlook. Credit rating agency Moody's Investors Service on Tuesday downgraded agriculture solutions provider UPL to Ba1 and maintained the negative outlook on deterioration in the agrochemical industry. Moody's has downgraded the senior unsecured rating for UPL Cor
GIC buys units in Data Infrastructure Trust for Rs 933 cr via open market. Singaporean sovereign wealth GIC on Tuesday bought units in Data Infrastructure Trust for Rs 933 crore through an open market transaction. GIC through its wholly-owned subsidiary Anahera Investments Pte purchased 6.06 crore units of Data Infrastructure Tru
Nykaa Q3FY24 results: Net profit increases 106% to Rs 17.5 crore. The company's consolidated revenue from operations grew 22 per cent YoY to Rs 1,789 crore, up from Rs 1,462 crore a year ago and Rs 1,507 crore in Q2 FY24
Nexus Select Trust Q3 results: Profit at Rs 107 cr, income at Rs 588 cr. Nexus Select Trust -- the country's first retail space-backed REIT-- on Tuesday reported a consolidated net profit of Rs 106.85 crore in the December quarter and announced the distribution of Rs 303 crore to unitholders in the form of interest and dividend
Jupiter Wagons Q3 results: Consolidated net profit rises 82% to Rs 81 crore. Jupiter Wagons Ltd on Tuesday reported a consolidated net profit of Rs 81.46 crore during the third quarter of the current fiscal, up by 82 per cent from Rs 44.59 crore in the corresponding period last year. The revenue from operation was Rs 895 crore duri
Ashok Leyland would move towards 35% mkt share in MHCV segments: Hinduja. Hinduja Group flagship Ashok Leyland would safely remain above 30 per cent market share in the medium and heavy commercial vehicle segments and confidently move towards 35 per cent going forward, a top official said on Tuesday. The company expects to conti
EID-Parry posts Q3 results: Sugar maker posts loss hurt by export curbs. The company reported a loss after tax of Rs 13.59 crore (.64 million) in the quarter ended Dec. 31, compared to a profit after tax of Rs15.78 crore a year ago
Azad Engineering Q3 results: Profit rises to Rs 16.8 crore, revenue up 49%. Hyderabad-based Azad Engineering on Tuesday reported more than three-fold increase in Profit After Tax (PAT) at Rs 16.8 crore for the three months ended December 2023. The company had posted a PAT of Rs 3.83 crore in the year-ago period, according to a sta
Biocon gets USFDA approval to market generic anti-cancer medication. Biocon Ltd on Tuesday said it has received approval from the US health regulator for a generic anti-cancer medication. The company has received approval from the US Food and Drug Administration (USFDA) for Dasatinib tablets to market in strengths of 20 mg,
HDFC Bank talking to Paytm and evaluating developments: Parag Rao. The Reserve Bank of India (RBI) on January 31 stopped Paytm Payments Bank from accepting fresh deposits and carrying out transactions from February 29, 2024
PhonePe adds former revenue secretary, 2 Walmart executives to its board. The strengthening of PhonePe's board comes at a time when the government is tightening the regulatory framework. PhonePe's rival Paytm is already facing multiple issues
RBI imposes Rs 8.80 lakh fine on Power Finance Corp for norm violation. The PFC did not adhere to specific provisions of the RBI's directives on 'Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies
Explained: What's working and what next for Paytm Payments Bank?. Users on the Paytm app will be able to use UPI services, recharge, pay bills as well as use Paytm QR, Soundbox, card machine, movie bookings, and financial services
IHCL signs pact for 77-key hotel in Dibrugarh, Assam under ginger brand. Indian Hotels Company (IHCL) on Tuesday announced the signing of its first 77-key hotel in Dibrugarh, Assam, under the Ginger brand. "This signing is in line with our commitment to north east India where we have been rapidly expanding our footprint. Dibrug
Britannia Industries Q3 results: Net profit down 40.3% to Rs 556.4 crore. He also highlighted that the company's international business performed extremely well with robust double-digit growth across key markets
Radico Khaitan Q3 results: Net profit up 23% to Rs 75 cr, revenue up 34%. Liquor maker Radico Khaitan Ltd on Tuesday reported a 22.75 per cent increase in consolidated net profit at Rs 75.15 crore for the third quarter ended December 2023. The company had posted a consolidated net profit of Rs 61.22 crore in the October-December
CPPIB, Allianz Group gets CCI nod to acquire Interise Investment Managers. Fair trade regulator CCI on Tuesday said it has approved the proposal of purchasing stakes in Interise Investment Managers by various entities, including Canadian pension fund CPPIB and Allianz Group. Interise Investment Managers is the investment manager
NCLT issues notice to Sony in plea by Zee Ent to implement merger. The plea of Mad Men Film Ventures, a shareholder of Zee, seeking enforcement of the merger has been clubbed together with ZEEL's plea and will be heard on the same date
Berger Paints Q3 results: Net profit jumps 49% to Rs 300 cr, revenue up 7%. Berger Paints on Tuesday posted a 49 per cent year-on-year increase in its consolidated net profit to Rs 300.16 crore for the third quarter of the current financial year. Revenue from operations also grew by 7 per cent to Rs 2,881.83 crore during the Octob
Akzo Nobel India Q3 results: Net profit rises 16.8% to Rs 114 crore. Paints and coatings maker Akzo Nobel India Ltd on Tuesday reported a 16.83 per cent increase in its consolidated net profit to Rs 113.8 crore in the December quarter, helped by a double-digit growth in volumes and raw material deflation. The company posted
Paytm CEO meets Union FM Sitharaman, discusses ongoing challenges: Report. The company, earlier said that it filed a specific clarification on Sunday, categorically denying any investigation by the Enforcement Directorate on OCL, our associates, and our management
Regulator BCAS seeks explanation from Vistara on Mumbai airport incident. Regulator BCAS has sought an explanation from Vistara on the incident at the Mumbai airport where passengers from a Dubai flight were taken to the domestic terminal without completing the immigration process, a senior official said on Tuesday. The incident
V-Mart Q3 results: Profit rises 41.3% at Rs 28.23 cr, revenue up 14.4%. V-Mart Retail Ltd on Monday reported a 41.36 per cent increase in net profit to Rs 28.23 crore for the third quarter ended December 2023, helped by the festive season. It had reported a net profit of Rs 19.97 crore in the October-December period a year ago
NLC India Q3 results: Profit at Rs 254 cr, income declines to Rs 3,249 cr. NLC India on Tuesday reported a consolidated profit of Rs 254.10 crore for the quarter ended on December 31, 2023. The company had posted a consolidated loss of Rs 396.35 crore in the year-ago period. The consolidated income of the company during October-D
White-collar hiring falls 11% annually in Jan, up 1% sequentially : Report. Hiring of white-collar workers fell 11 per cent on an annual basis in January, while it sequentially rose 1 per cent during the same period, a report said on Tuesday. On a year-on-year basis, the overall hiring in the IT sector declined 19 per cent in Janu
P&G Health Q2 results: Net profit dips 6% to Rs 72 cr, income at Rs 315 cr. Procter & Gamble Health Ltd on Tuesday said its profit after tax declined 6 per cent to Rs 72 crore for the second quarter ended December 2023. The company had reported a Profit After Tax (PAT) of Rs 77 crore in the October-December period of the last fisc
SBI Life Insurance buys KIMS shares worth Rs 239 cr in open mkt transaction. SBI Life Insurance Company on Tuesday bought shares of Krishna Institute of Medical Sciences (KIMS) for Rs 239 crore through an open market transaction. According to the bulk deal data available with the BSE, SBI Life Insurance Company Ltd purchased 11.49
Foxconn invites bids for construction of chip assembly plant in India. Taiwanese electronics major Foxconn has invited bids for construction of a chip assembly and testing plant in India. The plant is proposed to be set up in partnership with HCL Group, according to a regulatory filing. The company has earmarked Rs 1,200 cror
EIH Q3 results: Net profit up 54.6% to Rs 229.9 crore, income up 27.6%. EIH Limited, the flagship company of luxury hotel chain The Oberoi Group, on Tuesday reported a consolidated profit after tax of Rs 229.94 crore in the third quarter ended December, up 54.6 per cent from Rs 151.08 crore in the year-ago period. Total income
Tata Group becomes first Indian conglomerate to cross Rs 30 trn mcap. The sharp rally in the TCS stock boosted the Mumbai-based salt-to-software major's total mcap to Rs 30.6 trillion
Arrest of Chanda Kochhar, husband in ICICI-Videocon loan case illegal: HC. The Bombay High Court on Tuesday held as "illegal" the arrest of ICICI Bank's former Managing Director and Chief Executive Officer (CEO) Chanda Kochhar and her businessman-husband Deepak Kochhar by the Central Bureau of Investigation (CBI) in an alleged lo
ChrysCapital Management to raise 0 million to retain NSE stake. ChrysCapital bought a 5 per cent stake in NSE, one of the largest stock exchanges in the world, in 2016. The firm wants to keep its investment until the bourse goes public
Novo invests in Manipal hospitals as it aims to expand Asia footprint. Novo Holdings' key markets in the region are India, South-East Asia and China, where it opened an office in Shanghai last year
Protecting creator economy will be foundational: YouTube CEO Neal Mohan. YouTubeTV subscriptions over eight million; paid over billion to creators, artists over three years
SBI ties up with Flywire to make payments easier for foreign students. Country's largest lender SBI on Tuesday tied up with Flywire for easing payments for Indian students studying abroad. A seamless and fully digital payment experience will be given to students, which is better than the existing complex process, an official
RBI approves HDFC Bank Group's proposal to acquire 9.5% in IndusInd Bank. The RBI has said that HDFC Bank needs to acquire major shareholding within one year from February 5, 2024, failing which the approval shall stand cancelled
Reserve Bank's decision to freeze Paytm shows faulty understanding. Last week, the Reserve Bank of India barred the institution from any further deposit or credit transaction in customer accounts, wallets or cards after Feb. 29
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