NSE share market NEWS tomorrow (31 August, 2023). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (31 August, 2023). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 31 August 2023
Ncc was amongst the top gainers, currently trading at 169.60 in NSE with 13.063 times change in volumes and 10.201% change in price. Other gainers included Bse with 9.811% price change and 1.655 times volumes, Titagarh Rail with 9.277% price change and 2.085 times volumes, Kalyan Jewellers with 8.162% price change and 3.59 times volumes, and Prestige Estates with 5.512% price change and 0.919 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.
Torrent Pharmaceuticals was amongst the top losers, currently trading at 1842.50 in NSE with 3.199 times change in volumes and -5.74% change in price. Other losers included Suzlon Energy with -5.029% price change and 4.68 times volumes, Power Finance with -4.636% price change and 10.551 times volumes, Adani Green with -4.312% price change and 6.298 times volumes, and Adani Enterprises with -3.734% price change and 0.961 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.
Adani Group rubbishes allegations of 'opaque' funding by family's partners. The Organised Crime and Corruption Reporting Project (OCCRP) on Thursday trained gun at billionaire Gautam Adani's group, alleging hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment fun
Tata Power Renewable Energy inks pact with SSMI to set up 28-MW solar plant. Tata Power Renewable Energy Limited (TPREL) has partnered with Sanyo Special Steel Manufacturing India Private Limited (SSMI) to set up a 28.12-megawatt green energy plant in Maharashtra. In a statement on Thursday, TPREL, an arm of Tata Power, said it has
Tata Power arm in deal with steel maker Sanyo to set up captive solar plant. Tata Power: The solar plant is projected to produce an annual electricity of 61.875 million units and will be likely commissioned by March 2024
Adani Group, Hindenburg, Supreme Court and OCCRP: All you need to know. Just months after the Hindenburg report led to a sharp sell-off of Adani Group shares in the Indian share market, another report has come up with similar allegations. Here is all you need to know
NRL, IIT-Guwahati sign pact to develop green carbon from bamboo dust. The Numaligarh Refinery Ltd (NRL) and IIT-Guwahati have signed a Memorandum of Agreement (MoA) to develop technology for production of marketable green carbon from bamboo dust. As part of the project, a plant of capacity 5 MT/batch will be set up to produc
Dunzo delays employee salaries yet again, sets October as new deadline. Dunzo, a quick commerce startup backed by Reliance and Google, had earlier told its employees that their June and July salaries would be paid in September
Standard Chartered gives 20-week paternity, adoption leave to all employees. The bank announced that the leave will be made available irrespective of gender, relationship status, or how a child comes to permanently join an employee's family
Digital lending firm Lendingkart's Q1 profit doubles, revenue rises 43%. Company says MSME 'segment flourishing' and the demand for business will grow
Jupiter Life Line Hospital IPO to open for public subscription on Sep 6. The initial share sale of multispecialty hospital chain Jupiter Life Line Hospitals will open for public subscription on September 6. The three day initial public offering (IPO) will conclude on September 8 and the bidding for anchor investors will open on
Ashok Leyland partners CSB Bank Ltd for vehicle financing solutions. Commercial vehicle maker Ashok Leyland on Thursday said it has partnered with CSB Bank Ltd for offering vehicle financing solutions to its customers. The two companies have signed a Memorandum of Understanding and the partnership will enable them to offer
Amazon inks pact with India Post for exporters; launches digital assistant. Amazon on Thursday said it has signed an agreement with India Post to simplify cross-border logistics for MSME exporters. Minister of State for Science and Technology Jitendra Singh unveiled a postal stamp to commemorate a decade of partnership between Ind
Market regulator Sebi examined funds named by OCCRP in Adani Group probe. The funds named today are already a part of a regulatory probe into violations of public float norms by the Adani Group and any new facts will be considered, sources added
Hero Electric to diversify into premium space under A2B brand. Hero Electric on Thursday said it will diversify into premium segment under the A2B brand as it aims to create differentiated brands to cater to multiple segments in the electric mobility space. Under the A2B brand, the company will introduce a diverse por
JSW Group in talks with Chinese carmaker Leapmotor for EV technology. JSW is likely to use a single platform on which it can build at least three mid-sized sport-utility vehicles (SUVs), one of the sources said
Zydus Lifesciences gets USFDA nod for generic acne treatment drug. Zydus Lifesciences on Thursday said it has received approval from the US health regulator to market a generic product to treat acne in the American market. The drug firm has received final approval from the US Food and Drug Administration (USFDA) for Isotr
Vistara to begin 2nd Thiruvananthapuram-Mumbai flight service from Sep 1. Vistara Airlines, a joint venture of Tata Sons Private Limited and Singapore Airlines Limited (SIA), will be launching its second daily flight service to Mumbai from the state capital on September 1, the Thiruvananthapuram International Airport Ltd (TIAL)
Festive season discounts remain flat in August for cars, shows data. Anticipated strong festival demand in automotive industry may lead to reduced discounts for utility vehicles
FMC India brings bio-fungicides for bacterial leaf blight disease in rice. FMC India, an agriculture sciences firm that provides crop protection solutions and technologies, has introduced a new bio-fungicide that will help in controlling bacterial leaf blight, one of the most serious diseases of rice. In a statement on Thursday,
Food inflation still a concern: Nestle India CMD Suresh Narayanan. Food inflation is still a cause of concern despite measures taken by the government to check overall price rise and the movement of commodity prices needs to be closely watched for a long-term impact, Nestle India Chairman & Managing Director Suresh Naraya
Aeroflex Industries shares jump 51% in debut trade on issue price of Rs 108. Shares of Aeroflex Industries made a strong debut on Thursday and ended the day with a premium of 51 per cent against the issue price of Rs 108. The stock began the trade at Rs 197.40, up 82.8 per cent from the issue price on the BSE. During the day, it hi
Garena's Free Fire to return to India from Sep 5 as govt revokes ban. Esports company Garena will restart Free Fire online games in India from September 5 after the government revoked the ban on the app. Garena's Free Fire app was removed from Google Play Store and Apple's App Store after the government banned it in February
L&T makes 'asset heavy' exception for billion green hydrogen play. The company plans to target build-own-operate opportunities in the green hydrogen space, a detour from its asset light strategy
Microsoft to stop packaging Teams and Office software in Europe. Microsoft will stop packaging its Teams videoconferencing app with its Office software in Europe in an effort to head off antitrust penalties by regulators. The tech giant also said Thursday that it would take steps to make it easier for competing products
Adani family's partners used 'opaque' funds to invest in its stocks: OCCRP. Citing review of files from multiple tax havens, internal Adani Group emails, OCCRP said investigation found at least 2 cases where investors bought and sold Adani stock via offshore structures
Google to roll out SGE in India for genAI-enabled search on Chrome. With breakthroughs in generative AI, Google is relooking at new applications for search engines
BEL makes vehicle for NDRF to respond to biological, chemical disasters. State-owned Bharat Electronics Limited (BEL) has designed and manufactured a vehicle for the National Disaster Response Force to respond to incidents involving hazardous chemicals, biological or radiological substances, a release said. The first CBRN (Chem
J&J, Lupin cut prices for tuberculosis drug in lower-income countries. (Reuters) - Johnson & Johnson and Indian drugmaker Lupin will supply their versions of the tuberculosis drug bedaquiline at a significantly cheaper price in low- and middle-income countries, a global anti-tuberculosis group said on Wednesday.
Sales growth of listed private non-financial cos moderates to 2.1% in Q1. The combined sales figures of 1,712 listed private manufacturing companies exhibited a relatively stable trend compared to the same period in the previous financial year
NCLT reserves order on Torrent Investent's plea against lenders on bidding. The National Company Law Tribunal (NCLT) on Wednesday reserved its order on Torrent Investment's plea against lenders accepting the resolution plan of Indusind International Holdings (IIHL), the investment arm of the Hinduja Group, to take over Anil Ambani
DGCA suspends Air India's simulator facilities in Mumbai, Hyderabad. If pilot licenses and certificates lapse, A-I's international and domestic flights could get impacted
PhonePe expects to achieve operational profit by 2025: CEO Sameer Nigam. India's most valuable fintech firm PhonePe expects to achieve operational profit by 2025, a top official of the company said on Wednesday. PhonePe founder and CEO Sameer Nigam told PTI that the company's payment, advertising, banking and insurance business
Software firm Hexaware announces 100-120% variable pay to all employees. Software services firm Hexaware Technologies Wednesday announced up to 120 per cent variable pay to its more than 28,500 employees. The payout ranges from 100 per cent to all employees and up to 120 per cent for high performers who have shown exceptional p
MediBuddy raises mn in additional funding, to grow via acquisitions. A substantial portion of these funds will be meticulously channelled into strategic acquisitions and fortifying its existing offerings
Apple's India revenue up 50% but still only 1.5% of its global returns. In India, 60% revenue from iPhones, versus 52% globally
Tata Steel CEO TV Narendran new chairperson of IIT-Kharagpur's board. Tata Steel Ltd's CEO and MD TV Narendran was appointed the new chairperson of the board of governors of IIT-Kharagpur, a statement said. IIT-Kharagpur director VK Tewari said that as a man beholding technical and industrial supremacy, Narendran understands
JSW Group may acquire Ford Motor's Chennai plant to manufacture EVs: Report. The talks to acquire the Ford plant in Chennai started a couple of months ago and are now in an advanced stage, a report said on Wednesday
Goldman Sachs invested in seven companies using Chinese state funds. Despite deteriorating relations between the US and China, Goldman Sachs has intensified its investment activities through this fund
Reliance in talks with head hunters to find CEO for Jio's Insurance biz. Executives from Reliance have met several firms in recent weeks to help them map top talent across life, health and general insurance segments
JLL appointed as global real estate facilities manager by Rolls-Royce. JLL will operate as Rolls-Royce's strategic global facilities management partner across 15 million square feet of manufacturing, warehouse and office space at 44 sites in six countries
SAT 'not satisfied' with Sebi order in Zee matter, seeks regulator's reply. Tribunal hears Punit Goenka's appeal, to hear case for final decision on Sept 8
Maruti to Amul: Disney Star onboards 18 sponsors for Asia Cup 2023. Asia Cup 2023 is set to take place from August 30 to September 17 and the tournament will be broadcast live on Star Sports Network and Disney+ Hotstar
PhonePe forays into online stock broking as it expands its services. The platform will charge users an onboarding price of 199 rupees, while there will be no charge for trades of up to 400 rupees, the company said in a statement
Strides Pharma arm gets USFDA approval for generic Mycophenolate Mofetil. Strides Pharma Science Ltd on Wednesday said its wholly-owned arm, Strides Pharma Global Pte. Ltd, Singapore, has received approval from the US health regulator for generic Mycophenolate Mofetil for oral suspension indicated in organ transplant patients to
BharatPe CBO Dhruv Dhanraj Bahl steps down for entrepreneurial journey. Fintech platform BharatPe's Chief Business Officer Dhruv Dhanraj Bahl is leaving the company after about four years of service, the company confirmed. Bahl's exit follows a series of exits of top executives from the Gurugram-based company. Bahl joined the
Titagarh Rail Systems bags Rs 350 cr contract for Ahmedabad Metro project. The Ahmedabad Metro Rail Phase-II project is being implemented by Gujarat Metro Rail Corporation (GMRC) at a cost of Rs 13,500 crore
EV maker Ather Energy's revenue jumps 4.4 times, loss 2.5 times in FY23. The company is not expecting to achieve profitability this year due to the recent changes made by the government in the subsidy regime
Reliance Jio sends legal opinion backing satcom spectrum auction to Trai. A similar legal opinion had been sent by industry body Broadband India Forum (BIF) to Trai, arguing against satellite spectrum auction
WhiteHat Jr CEO Ananya Tripathi quits in another top-level exit at Byju's. Tripathi, who has been on maternity leave since May, has decided to quit. However, Byju's is yet to formally acknowledge her resignation
India's record dry August may push domestic FMCG sector in slow lane. Rural demand had just started to move back into positive territory after being under pressure for over a year
Tata Power-DDL gets three year extension from DSIR for in house R&D unit. Tata Power Delhi Distribution Ltd (Tata Power-DDL) has received a three-year extension till 2026 from the Department of Scientific and Industrial Research (DSIR) for its in-house R&D unit. Tata Power Delhi Distribution Ltd is a joint venture between Tata P
PhonePe takes on Zerodha, Upstox, Groww, unveils stock broking platform. Walmart-owned fintech firm said what differentiates its stock broking platform 'Share.Market' is that it elevates discount broking by combining research, convenience and technology
French banking major BNP Paribas looks to sell retail broking arm Sharekhan. BNP's acquisition was completed in 2016 after receiving approvals from all regulatory authorities
DGCA suspends Air India's Boeing simulator facility in Mumbai for lapses. Pilot licenses may lapse; airline's flights could get impacted
ONGC to invest up to Rs 2 trillion by 2038 to meet net-zero goals. Production timeline from ONGC Videsh Limited assets in Colombia and Mozambique remain on track
Maruti Suzuki India appoints Schneider's executive Arnab Roy as CFO. Roy to take charge as CFO from January 1, 2024
Two IndiGo flights suffer technical snags mid-flight, land safely. The IndiGo flight 6E-2012 which was operating from Madurai to Mumbai landed in its destination once the technical issues were noticed
Edtech giant Byju's CBO Prathyusha Agarwal, two senior executives quit. These exits come at a time when the most valuable edtech company has been trying to address challenges such as due diligence issues, legal battles with lenders, challenges in raising fresh capital
Nitin Gadkari unveils world's first BS-VI 100% ethanol-powered car. Toyota Innova HyCross runs on 100% ethanol
ONGC to invest Rs 2 trn in energy transition projects, says chairman. State-owned Oil and Natural Gas Corporation (ONGC) will invest about Rs 2 lakh crore to achieve zero carbon emissions by 2038, its chairman Arun Kumar Singh said on Tuesday. The firm will invest Rs 1 lakh crore by 2030 in setting up 10 gigawatts of renewab
Puneet Dalmia appointed as MD, CEO, Dalmia Cement (Bharat) after Singhi. Dalmia Cement (Bharat) on Tuesday said Puneet Dalmia will take over as its Managing Director and Chief Executive Officer after Mahendra Singhi's decade-long tenure comes to an end on December 8. The Board of Directors of Dalmia Cement (Bharat) also decided
Tata Motors, Mahindra gain certificates for production-linked payouts. Indian automakers Tata Motors and Mahindra and Mahindra have received domestic value certificates, a metric key to qualifying for payouts under the nation's production-linked incentive scheme
Meta platform back on track with spending focused where investors want. After an unpopular pivot to Chief Executive Officer Mark Zuckerberg's metaverse virtual-reality vision in 2021 and last year's record stock plummet, the firm is seen to be back on track
TVS Supply Chain Solutions appoints R Dinesh as Executive Chairman. TVS Supply Chain Solutions said on Tuesday its founder-promoter R Dinesh has been appointed the Executive Chairman of the company's Board. Dinesh, who was the Executive Vice Chairman of the newly listed TVS Supply Chain Solutions, will take over from S Mah
Blue Energy Motors bags contract from CONCOR for 100 LNG-powered trucks. Green fuel truck maker Blue Energy Motors said on Tuesday it has bagged a contract from the Container Corporation of India Ltd (CONCOR) for the supply of 100 LNG-powered trucks. A Navratna PSU and leading containerized multimodal logistics services firm CO
Return to office or risk losing job, Amazon CEO Andy Jassy warns staff. Morale at Amazon has taken a hit since the company laid off about 27,000 employees
3M agrees to pay bn to settle earplug lawsuits from US service members. Chemical and consumer product manufacturer 3M has agreed to pay USD 6 billion to settle numerous lawsuits from US service members who say they experienced hearing loss or other serious injuries after using faulty earplugs made by the company. The settlemen
ITC's Puri hopes food export bans are short-lived once supply stabilises. The company, a major wheat exporter, saw its agriculture business revenue decline 25% in the April-June quarter, hit by the export bans, according to its quarterly earnings presentation
Succession at Reliance: A large family fortune starts a risky transition. That transition could arrive by 2028. At Reliance Industries Ltd.'s annual general meeting Monday, the 66-year-old announced that his three children would be joining the board
Bullish on green mobility, Tata Motors unveils new identity for EV biz. Tata Passenger Electric Mobility on Tuesday unveiled a new brand identity as it gears up to introduce ten new battery electric vehicles by 2026. As the EV offering grows, spurred by surging consumer demand and a robust, thriving product lineup, customers e
SnapE cabs looking to double its fleet in FY'24, expand to smaller cities. Ride-hailing app SnapE, which operates EV cabs, is planning to more than double its current fleet by the end of FY'24, and venture into smaller cities, a company official said on Tuesday. The company also plans to induct more women drivers in its workforce
Byju's business head Prathyusha Agarwal resigns amid reorganisation. Agarwal had joined Byju's in February 2022 from Zee Entertainment Enterprises. Two other business heads - Himanshu Bajaj and Mukut Deepak - have also left, the company
Arnab Roy to be Maruti Suzuki's new CFO from January 1, Ajay Seth to retire. Ajay Seth, current CFO of the company, will step down from his post on December 31 on account of superannuation
Maruti Suzuki plans to double production capacity to 4 mn over 8 years. The company will also take up suggestions by shareholders for a stock split to its board for consideration, he said while speaking at the annual general meeting of the carmaker
Cash reserves to support plan for expanding production capacity: Maruti. Company chairman Bhargava defends decision to issue equity shares on preferential basis to parent Suzuki Motor Corporation
NBCC bags Rs 66 cr order from Indian Medical Association to plan IMA House. State-owned construction firm NBCC has received a Rs 66 crore order from the Indian Medical Association to plan and execute IMA House in the national capital. In a regulatory filing on Monday, NBCC said it bagged a project management consultancy work order
Vedanta seeks to identify its dollar bondholders as billion debt looms. Vedanta has engaged a corporate advisory firm Morrow Sodali to identify owners of notes that mature in January 2024, August 2024 and March 2025, according to a notice sent last week
Gensol Engineering bags EPC projects worth Rs 101.6 crore in Dubai. Homegrown Gensol Engineering Limited on Tuesday announced bagging orders for EPC projects worth Rs 101.6 crore in Dubai. The Engineering, Procurement, and Construction (EPC) projects have been secured from Dubai Government Workshop Warehouse and Dubai Poli
Sunil Mittal's Airtel plans Uganda's biggest IPO to raise 6 million. The offer opens on Wednesday and closes on Oct. 13, according to a prospectus released in the capital, Kampala, on Tuesday. The company will start trading on the exchange on Oct. 31
Succession at Reliance: Here is what we know about the Ambani siblings. The 66-year-old elevated his three children as non-executive directors to Reliance's board and said he will spend the next five years of his chairmanship preparing them to take charge
Escorts Kubota mulls sale of railway equipment unit to focus on tractors. Its railway equipment business makes brake systems, couplers, suspension systems, friction and rubber products. It accounted for 10% of Escorts Kubota's revenue in fiscal 2023, but clocked 32% YoY
Punj Lloyd fails to attract any bidder in second round of e-auction. Debt-ridden engineering, procurement and construction company Punj Lloyd, which is facing liquidation, has again failed to attract any buyer in the second round of e-auctions conducted by its liquidator. The second round of e-auction was conducted on the d
Maruti Suzuki India announces appointment of Arnab Roy as CFO Designate. Maruti Suzuki India on Tuesday announced appointment of Arnab Roy as CFO Designate with effect from October 16, 2023. He will succeed present CFO Ajay Seth who will retire at the end of this year. Seth shall be superannuating from the post of wholetime CFO
Future Consumer sells Nilgiri Dairy Farm to AVA Cholayil Healthcare. Debt-ridden Future Consumer Ltd on Tuesday announced the sale of its dairy business Nilgiri Dairy Farm to AVA Cholayil Healthcare for a total consideration of Rs 67 crore. As per the deal, Future Consumer has entered into a "transfer agreement for the tran
Cashfree Payments appoints Chetan Yadav as senior VP-human resources. Yadav will look after teams such as human resources business partners, human resources operations, talent acquisition, and administration
IT firms' growth in Q1 FY24 lowest in 10 qtrs, slowdown to get worse: ICRA. Order book and deal pipeline of most companies remain strong, says ratings agency
Digikore Studios files draft papers with NSE Emerge for IPO plans. Visual effects (VFX) studio Digikore Studios Ltd on Tuesday said it plans to enter the primary market with an initial public offering (IPO). Digikore has filed draft papers with the NSE's SME segment Emerge for floating an IPO, according to a statement iss
Tata Motors unit unveils new brand identity for electric vehicles. Tata.ev reflects 'values of sustainability, community, and technology'
UST acquires MobileComm to bolster its position in telecom vertical. UST has a strong presence in India with over 20,000 employees, out of its total headcount of about 30,000
Crypto unicorn CoinSwitch lays off 44 employees citing role redundancy. The company has 519 employees, according to its LinkedIn profile. This would mean around 8 per cent of CoinSwitch's workforce has been shown the door
Ferns N Petals joins ONDC platform for better customer experience. / -- In a significant move to elevate the gifting experience for millions of customers, India's largest gifting brand FNP has officially joined the Open Network for Digital Commerce (ONDC). This strategic collaboration aims to revolutionize the way individ
Growth of revenue, market share is top priority: Hero MotoCorp CEO. Achieving production target for FY24 is secondary right now, he added
Gillette India June quarter PAT up 36% to Rs 92 cr helped by sales growth. Shaving and oral cleaning products maker Gillette India Ltd on Tuesday reported 35.74 per cent rise in profit after tax (PAT) at Rs 91.75 crore for the fourth quarter ended June 2023 helped by sales growth and increased productivity. The company, which fol
Greenwood Group to invest Rs 500 cr for hotels in Northeast in 10 yrs. The Greenwood Hotels and Resorts Group on Tuesday announced that it will invest Rs 500 crore to roll out hospitality projects across Northeast over the next 10 years. The company has launched its latest property 'The Greenwood Guwahati' in the business seg
Uber completes 10 years in India, says drivers earned Rs 50,000 crore. The service now offers options like car, auto, moto, and bus rides via the app, available in 125 cities across India
Tata Sons shareholders clear directors' appointment, dividend payment. Holding company of Tata group reappoints Saurabh Agrawal and Ralf Speth for another 5 years
SnapE cabs to more than double fleet in FY'24, expand to smaller cities. Ride-hailing app SnapE, which operates EV cabs, is planning to more than double its current fleet by the end of FY'24, and venture into smaller cities, a company official said on Tuesday. The company also plans to induct more women drivers in its workforce
Bharat Mandapam designed as window to India: Architect Sanjay Singh. Bharat Mandapam, the venue of the G20 Summit scheduled next month, is designed as a window to India, displaying the country's rich heritage and cultural diversity to the world. Located in the heart of the national capital, the state-of-the-art internationa
SJVN gets letters of award to build 3 solar projects of 320 MW in Assam. State-owned SJVN Ltd on Tuesday said it has received letters of award for three solar projects worth Rs 1,900 crore from Assam Power Development Corporation. These projects, with a cumulative capacity of 320 MW, will be developed by an SJVN arm, SGEL, on a
Tata Power arm to set up 4.4 MW solar energy project for ANANG Group. Tata Power Renewable Energy Limited (TPREL) on Tuesday said it has signed an agreement with automotive components maker ANAND Group to set up a captive 4.4 MW solar project. In a statement, the Tata Power arm said it will facilitate the generation of 10 mi
Toyota Motor to resume Japan plants after rare system malfunction. The company doesn't suspect it's the victim of a cyberattack, the spokesperson said
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