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NSE share market NEWS tomorrow (18 May, 2023). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (18 May, 2023). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 18 May 2023

Abb Power was amongst the top gainers, currently trading at 3973.65 in NSE with 1.162 times change in volumes and 4.148% change in price. Other gainers included Kfin Technologies with 4.103% price change and 1.75 times volumes, Cholamandalam Investment with 3.035% price change and 2.409 times volumes, Pnb Housing with 2.496% price change and 2.341 times volumes, and Au Small with 2.292% price change and 2.344 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.

Godrej Properties was amongst the top losers, currently trading at 1309.15 in NSE with 1.793 times change in volumes and -5.395% change in price. Other losers included Divi S with -3.504% price change and 4.411 times volumes, Gail India with -3.455% price change and 4.387 times volumes, Apl Apollo with -3.331% price change and 2.005 times volumes, and Aurobindo Pharma with -3.196% price change and 0.831 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.

Nazara's Nodwin Gaming raises mn of equity investment from 5 investors. Funds will be utilised for IP development, geographic expansion and M&A

HCC Q4 results: Multifold rise with net profit at Rs 190.66 crore. Hindustan Construction Company (HCC) on Thursday reported a multifold rise in consolidated net profit at Rs 190.66 crore for the quarter ended March 2023. The company had clocked a profit of Rs 30.88 crore in the year-ago period, it said in a BSE filing. I

Gland Pharma profit declines by 56% on soft demand in March quarter. Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin contracted to 21% from 32% a year earlier

Container Corp Q4 results: Profit rises 7.7% to Rs 279 crore, revenue up 6%. The company's consolidated revenue from operation rose by 6 per cent to Rs 2,184 crore

Coursera expands online learning, certificates, GenAI, hiring solutions. Edtech platform Coursera on Thursday said it is expanding online learning in the country with several new partnerships, degrees and certificates, GenAI features and hiring solutions. "We're excited to see our continued momentum in India, driven by the effo

Sony aims to expand creations rooted in Indian culture via merger with Zee. Japanese conglomerate Sony Group Corporation aims to expand creations rooted in local culture in India through the expected merger of its arm Sony Pictures Networks India with Zee Entertainment Enterprises Ltd, its Chairman and CEO Kenichiro Yoshida said o

Eiko Lifesciences acquires 25.01% stake in Reflux Pharmaceuticals. The acquisition is part of ELL's long-term strategic growth plan to diversify its portfolio and enter new markets

Just 25% consumer, realty firms aware of ESG norms: Deloitte India survey. Deloitte India, in its survey report, has highlighted that despite Sebi implementing sustainability regulations, several mandated disclosures lack clear guidance on responses

IndiGo posts Rs 919 crore net profit, its best-fourth quarter ever. Expenses in the quarter increased to Rs 13,680 crore due to a rise in fuel and maintenance costs

ITC net profit rises 23.35% to Rs 5,175 crore in Q4FY23, beats estimates. The ITC stock closed at Rs 419.65 on the BSE, down 1.87 per cent

Sustainable fashion gets thrown a life jacket after PM wears upcycled sadri. This is the first company in India with end-to-end capabilities in the sector, starting from recycling and making yarn and fibre to value-added finished products

Container Corporation of India announces FY23 dividend of Rs 2 per share. Concor's Q4 profit after tax (PAT) came in at Rs 278.5 crore, with operations revenue of Rs 2,166 crore

PNB Housing Finance Q4 net rises 65% to Rs 279 cr on improved margins, NII. The housing finance company (HFC) had booked a net profit of Rs 170 crore in the March quarter of FY22 and Rs 269 crore in Q3FY23

Dispute between two promoters not to impact corporate performance: Hikal. Pharmaceuticals and crop protection firm Hikal Ltd on Thursday refuted allegations by proxy advisory firm InGovern Research Services that the battle between its two promoters is impacting corporate performance. Hikal is in the midst of a battle between two

Govt tells Pratt & Whitney to get grounded planes 'up and running'. The minister said the Directorate General of Civil Aviation (DGCA) was waiting for Go First's plan on resumption of flights

Flipkart's double-digit growth helps Walmart sales jump 13% at .8 bn. Walmart-owned fintech firm PhonePe saw its annualised total payments volume cross trillion in Q1

Bata India's profit rises to Rs 656.23 mn on lower costs, higher demand. The company said in a statement that it had refreshed its portfolio to offer premium products under these brands

Alibaba plans cloud computing unit spin-off; logistics arms to go public. Alibaba plans to spin-off of its cloud computing business and said on Thursday that its logistics and grocery units will explore initial public offerings as the Chinese e-commerce company kickstarts a restructuring of its operations in hopes of spurring gr

Shein is ready to make its second entry into India with Reliance Retail. The Chinese e-commerce company had first entered the Indian market in 2017

Timex Group acquires watch retail brand Just Watches for undisclosed amount. US-based watchmaker Timex Group on Thursday said it has acquired Just Watches, a premium watch retail brand for an undisclosed sum. With this deal, Timex India will be taking over all the physical stores of Mumbai-based Just Watches and their e-commerce po

Disney Star Network breaks IPL TV viewership records, adds 2.1 cr viewers. The seven matches in Week 6 crossed a peak concurrency of three crore with the MI vs RCB match registering a peak concurrency of 4.7 crore, the highest for week 6

Developers log land purchases worth Rs 26,000 crore in last 17 months. Around 578 acres out of 2,181 acres, was acquired in the first five months of the calendar year 2023 (CY23) alone

Netflix, Ola, Uber not integrated with PIPOnet app, says NuRe Bharat CEO. 3i Infotech-led consortium NuRe Bharat Network has not integrated Netflix, Ola, Uber or any other company with its PIPOnet app, a senior official of the company said. NuRe Bharat Network and RailTel on Monday unveiled PIPOnet mobile app with aims to provid

Industry hopes govt to align domestic laws with int'l: Airbus India chief. Amid concerns of lessors in the wake of Go First insolvency proceedings, aircraft maker Airbus on Thursday said the industry hopes the government will expedite the alignment of domestic laws with international conventions and treaties. With the initiation

State Bank of India's Q4 standalone net jumps 83% to Rs 16,695 crore. FY23 consolidated profit at Rs 55,648 cr - second highest after RIL

REC plans to increase loan book over two-fold to Rs 10 trn by 2030. State-owned non-banking finance firm REC Ltd is planning to increase its loan book over two-fold to Rs 10 lakh crore by 2030, including Rs three lakh crore for renewable energy projects. This assumes significance given India's ambitious target of having 50

In Tamil Nadu, Airtel surpasses 2-million customer mark on 5G network. Airtel was the first to roll-out 5G in the country and Chennai was one of the first eight cities to get ultrafast Airtel 5G Plus

CCI gives nod to proposed merger of Credit Suisse Group with UBS Group. Fair-trade regulator Competition Commission of India (CCI) on Thursday cleared the proposed merger of Credit Suisse Group AG with UBS Group AG. Both Credit Suisse Group AG (Credit Suisse) and UBS Group AG (UBS) are multinational investment banks and financ

Business visit expenses by employer not covered in RBI's remittance scheme. The finance ministry on Thursday said expenses incurred by an employee on a business visit, when such expenses are borne by the employer, will not be covered under RBI's liberalised remittance scheme. A clarification to this effect was provided in a set of

Edtech startup Byju's sued by creditor Glas Trust Company tied to .2 bn. Byju's started negotiating its credit agreement after it breached investor protections on the debt by missing a deadline to disclose annual financial results

India govt wants Go First flights to resume as soon as possible: Minister. Govt wants Go Airlines (India) Ltd flights to resume as soon as possible, the civil aviation minister said on Thursday, a week after the troubled low-cost carrier was granted bankruptcy protection

Top Toyota scientist warns against ditching gasoline too soon ahead of G7. While Toyota and other Japanese carmakers pioneered hybrid technology, they have been slow to ramp up EV output

Oracle lays off over 3,000 employees from health IT arm Cerner: Report. Cloud major Oracle reportedly laid off more than 3,000 employees at the electronic healthcare records firm Cerner which it acquired for .4 billion

SBI Q4 results: Profit rises 83% YoY to Rs 16,695 crore, beats estimate. State Bank of India Q4 earnings: The Board has declared a dividend of Rs 11.30 per share @ 1,130 per cent for the year ending March 31, 2023

Swiggy's food delivery business turned profitable in March: CEO Majety. Rare for global food delivery platforms to achieve profitability in less than 9 years, he says

Adani's NDTV plans to launch 9 news channels in different languages. Media firm New Delhi Television Ltd (NDTV), now owned by Adani group, on Thursday said it plans to launch nine news channels in different Indian languages in phases. The board of the company, at its meeting held on Thursday, has "approved a proposal to see

GAIL Q4FY23 net profit drops 77.5%, revenue from operations up 21.8%. During the whole year, FY23, the company's net profit has nearly halved to Rs 5,301.5 crore

ITC Q4FY23 net profit rises 21.1%, declares dividend of Rs 9.5/ share. ITC Q4 results: The revenue from operations rose 6.5 per cent to Rs 17,506.8 crore during the quarter

Anil Agarwal's Vedanta in talks with banks to raise at least 0 million. The group has been depending on money from its units to tackle its debt load, especially after it failed to sell some zinc assets to Hindustan Zinc Ltd for billion

Zydus Lifesciences Q4 consolidated net profit dips 25.36% to Rs 296.6 cr. Zydus Lifesciences Ltd on Thursday reported a 25.36 per cent decline in consolidated net profit at Rs 296.6 crore in the fourth quarter ended March 31, 2023 impacted by impairment of goodwill of a wholly-owned subsidiary. The company, which had posted a co

GAIL Q4 profit falls 77.5% to Rs 603 cr as Ukraine war weighs on gas supply. State-owned firm's natural gas marketing business, its mainstay, reports decline in profit

Uber introduces 'teen accounts' with safety features in US, Canada. With 'always-on support', parents will be able to contact the driver directly during a trip, contact Uber's support team, or report an issue on behalf of their teen

Ramco Cements Q4 results: Consolidated net profit rises 22.5% to Rs 152 cr. The company's sale of products rose by 50.7 per cent to Rs 2,559 crore for the March quarter as compared to Rs 1,698 crore in the year-ago period

EasyJet has sufficient planes on order for growth targets, says CEO. Supply chain issues mean both plane manufacturers are struggling to deliver new jets on time, but the CEO said that as one of the world's largest A320 family customers, easyJet was well-placed

BT Group to cut up to 55,000 jobs by 2030 as fibre and AI tech arrive. The company has been working through a transformation plan to build a national fibre network under boss Philip Jansen, as well as rolling out high-speed 5G mobile services

PESB recommends no one for IOC top job at blue chip oil companies. This is the second time in recent months that PESB has not been able to find a suitable candidate for high-ranking positions at blue-chip oil companies

IndiGo reports net profit of Rs 919.2 crore in Q4FY23, revenue up 76%. In the whole year, 2022-23, IndiGo reported a net loss of Rs 305.80 crore

Medical tech firm Medtronic to invest Rs 3,000 cr for Hyderabad R&D centre. Facility employs 800 people and will take up more 1,500 in the next five years

Speed Kitchen raises undisclosed amount in funding led by Inflection Point. Cloud kitchen services provider Speed Kitchen has raised an undisclosed amount in seed funding round led by Inflection Point Ventures with participation from high net-worth individuals and angel investors. The kitchen-as-a-service provider for delivery-foc

Wipro enters into a five-year business partnership with ServiceNow. The agreement expands on the two companies' existing partnership and is expected to help accelerate Wipro's goal of building a billion business with ServiceNow by the end of 2026

Wheels India plans capital expenditure Rs 200 cr to ramp up production. Wheels India is looking at double digit growth to come back this year, though there is uncertainty in the overall global environment

Khadi and Village Industries sales grew by 332.14% in last nine years. The turnover of Khadi and Village Industries has grown by more than three times since the Narendra Modi government came to power in 2014. According to the latest figures, the total Khadi sales was Rs 1,081.04 crore in 2013-14, and it has zoomed to Rs 5,942

Airtel Payments Bank's FY23 profit rises over two-fold to Rs 21.7 crore. Airtel Payments Bank on Thursday said that its profit has more than doubled to Rs 21.7 crore in the financial year 2022-23. The company had posted a profit of Rs 9.2 crore in 2021-22. The revenue of Airtel Payments Bank grew 37 per cent to Rs 1,291 crore i

Most Indian companies believe ESG rules are important but only few prepared. The consumer industry was the least ready for ESG requirements, and only 7 per cent of organisations said they have robust preparedness for it, according to a Deloitte India survey

S&P affirms BBB- sovereign credit ratings on India, outlook stable. S&P Global added that solid consumer and investment dynamics will propel India's real gross domestic product (GDP) growth to 6 per cent in fiscal 2024

DLF Cyber City Developers net profit climbs 43% to Rs 1,429 crore in FY23. Realty major DLF's rental arm DCCDL's net profit increased 43 per cent to Rs 1,429 crore in the last fiscal on better income from office and retail properties. Its net profit stood at Rs 1,002 crore in 2021-22. According to an investors' presentation, DCCD

Jubilant Foodworks, Advent Int'l in race to buy Burger King franchise. Stake sale in Restaurant Brands Asia to lead to consolidation in QSR industry

BPCL unveils Rs. 49,000 cr petrochemical project at Mumbai's Bina Refinery. Bharat Petroleum Unveils Ambitious Rs. 49,000 Crore Petrochemical & Capacity Expansion Project at Bina Refinery

PNB Housing Finance Q4 results: Consolidated profit rises 64% to Rs 279 cr. The company's consolidated interest income rose by 22.32 per cent to Rs 1,589 crore for the March quarter as compared to Rs 1,299 crore in the year-ago period

Pfizer suspends sale, use of some products in India over quality concerns. Stockists have been asked not to sell, distribute, or use the products until further notice from Pfizer

Alibaba Group misses revenue estimates, approves cloud unit spinoff. Alibaba on Thursday approved a full spinoff of the Cloud Intelligence Group via a stock dividend distribution to shareholders

Textile maker Arvind reports revenue drop of 14% in March quarter. The Ahmedabad-based company's net profit rose 17% to 970 million rupees, aided by a sharp drop in expenses

Paytm partners with SBI Card, NPCI to launch co-branded RuPay credit cards. Payments and financial services company Paytm on Thursday announced that it has partnered with SBI Card to launch Paytm SBI Card on the RuPay network. The Paytm and SBI Card partnership, which began in 2020, is now expanding with the addition of National P

Pfizer suspends sale of three antibiotics in India over technical issues. Investigating matter with contract manufacturer Astral Steritech, says pharma firm

Non-skippable 30-sec ads, new pause button on TV, announces YouTube. YouTube is yet to inform when these changes will take place and whether these changes will affect global markets

Jet Airways net loss after tax narrows to Rs 54.94 crore in March-quarter. The company's consolidated net revenue from operation rose by 12.45 per cent to Rs 12.37 crore for the March quarter as compared to Rs 11 crore in the year-ago period

Airtel to complete 5G roll out in urban area this year, says official. Bharti Airtel expects to complete 5G rollout in urban areas and some key rural pockets this year and expects the investment in networks to hover around Rs 28,500 crore, a senior official of the company said on Wednesday. Bharti Airtel Managing Director Gop

Railtel posts highest ever operating income of Rs 1,964 cr in FY 2022-23. RailTel on Wednesday announced its Consolidated Operating Income of Rs 704 Crore in the fourth quarter of FY 22-23 with a growth of 55 per cent quarter on quarter in its 139th Board Meeting

Deepak Fertilisers' Q4 profit after tax declines 9% to Rs 257 crore. Deepak Fertilisers and Petrochemicals Corporation (DFPCL) on Wednesday reported a 9 per cent decline in consolidated profit after tax (PAT) to Rs 257.37 crores in the March 2023 quarter. The industrial chemicals and fertilisers producer's PAT was Rs 282.91

Future Retail receives bids from 6 applicants in bankruptcy resolution. Debt-ridden Future Retail Ltd said on Wednesday it had received bids from six applicants in its insolvency resolution process

GlaxoSmithKline Pharma's pre-tax profit falls 8% on govt pricing caps. India's GlaxoSmithKline Pharmaceuticals Ltd reported an 8.6% fall in its pre-tax profit for the fourth quarter on Wednesday, hurt by the government's curbs on pricing of some essential medicines

Burger King's India operator posts bigger loss as costs of essentials rise. Restaurant Brands Asia , earlier known as Burger King India, reported a wider fourth-quarter loss, as it spent more on ingredients at a time when it is also expanding in India and Indonesia

India saw only 100 deals valued at bn in April, 47% dip in deal volumes. India saw only 100 deals valued at billion, with a 47 per cent decline in deal volumes and a steep 89 per cent decline in values compared to April 2022, a report showed on Wednesday

Thermax beats Q4 profit expectations on back of strong sales growth. Indian sustainable energy solutions provider Thermax Ltd posted a better-than-expected jump of 52% in fourth-quarter net profit on Wednesday, helped by a 16% rise in sales.

Room rates, occupancy surpass pre-Covid levels for hotels, says report. Mahindra Holidays is aggressively expanding its inventory by acquiring properties and creating more resorts

Realty firm Group 108 signs MoU to invest Rs 2,000 crore in Noida. Realty firm Group 108 on Wednesday said it has proposed to invest Rs 2,000 crore to develop new projects in Noida and Greater Noida as part of its expansion plan. The company, earlier part of Bhutani Group and now re-branded as Group 108, is currently deve

SKF India's Q4 consolidated profit after tax rises 12% to Rs 122 cr. Auto parts maker SKF India on Wednesday reported a 12 per cent increase in consolidated Profit After Tax (PAT) at Rs 122.93 crore in the March 2023 quarter. The Pune-based company had posted a profit of Rs 109.48 crore in Q4 of FY22, as per a statement. Th

Jindal Stainless to raise upto Rs 5,000 cr through multiple instruments. Jindal Stainless Ltd (JSL) on Wednesday said its board has approved a proposal to raise up to Rs 5,000 crore through multiple financial instruments. The board of directors of the company at its meeting on Wednesday approved raising funds up to Rs 5,000 cro

Digital solutions company STL logs Rs 6,925 crore in revenue, PAT grows 51%. STL said it reported record revenue of Rs 6,925 crore, growing 27 per cent over the previous year along with 29 per cent in EBITDA (Rs 931 crore) and 51 per cent growth PAT (Rs 245 crore)

Hinduja group patriarch Srichand P Hinduja passes away at 87 in London. In the '80s, the brothers were accused of taking commission from manufacturers of Bofors guns, a charge the high court rejected

Black+Decker announces licencing agreement with Indkal Technologies. Indkal's new collection of Black+Decker products will be available on amazon.in and flipkart.com, and in-store channels on June 3

Space Mantra, five other firms lead race to acquire Future Retail. The CoC had provided two options in the EoI and the last date for submission was April 7

Braithwaite revenue up 36.5% to Rs 1043 cr, eyes PDS foodgrain movement biz. State-run Braithwaite & Co Ltd achieved a 36 per cent revenue growth to Rs 1,043 crore in FY'23 and is eyeing the Food Corporation of India's foodgrain movement business to give impetus to its services vertical, a top official said. The company attained a

Auto parts firm Pricol moves CCI over Minda plan to buy 24.5% stake. Battle between the two firms began this February when Minda Corp bought 15.7% in Pricol for Rs 400 crore in the open market. Early this month, Minda sought CCI nod to buy 24.5% more in Pricol

JK Tyre reports nearly three-fold increase in Q4 profit to Rs 108 cr. BENGALURU (Reuters) - India's JK Tyre & Industries Ltd on Wednesday reported a nearly three-fold rise in fourth-quarter profit, as raw material costs fell and domestic demand saw a boost.

Walmart-owned Flipkart sees two top-level exits, both after eight years. Early this year, Flipkart told staff it won't be handing out increments to senior leadership in a 'difficult decision' that was expected to impact 4,500 personnel

Ex-Jet Airways executive Sanjiv Kapoor joins airline service Saudia Group. Aviation industry veteran Sanjiv Kapoor, who stepped down as the CEO-Designate of Jet Airways last month, has joined Saudia Group. Formerly known as Saudi Arabian Airlines, Saudia is the national carrier of Saudi Arabia. "I am thrilled to share that I have

TeamLease Services Q4 net profit dips by 22.92% to Rs 24.37 crore. Staffing company TeamLease Services on Wednesday reported a 22.92 per cent decline in consolidated net profit at Rs 24.37 crore compared to the same period in the previous financial year. The company's net profit stood at Rs 31.62 crores during the corresp

Promoter of Manyavar brand likely to sell 7% stake for Rs 1,962 crore. "The offer is being undertaken by the sellers, for achieving the minimum public shareholding of the company...," it said

Compensating employees with money cuts attrition rate to 5%: Report. The report was conducted to study the impact of research and recognition on attrition in India in 2022. Over 100 firms and one million employees participated in the project

NHPC bags 200MW project worth Rs 1,007.6 cr from Urja Vikas Nigam. State-run hydro power giant NHPC on Wednesday said that it has received a letter of intent to build a 200 MW solar power project worth Rs 1007.60 from Gujarat Urja Vikas Nigam. "Gujarat Urja Vikas Nigam Ltd (GUVNL) had issued a Letter of Intent dated 16.05

Google says in compliance with CCI order, pushes ahead with in-app billing. Google on Wednesday said its Google Play's payments policy is compliant with the anti-trust watchdog CCI's order and it is pushing ahead with plans to enforce the policy in the country. "In 2020, we clarified the requirements of our payments policy, and de

Vedant Fashions promoter plans to sell 7% stake for Rs 1,962 crore. Vedant Fashions Ltd (VFL), which owns the ethnic wear brand Manyavar, on Wednesday said one of its promoters plans to sell up to 7 per cent stake in the company for at least Rs 1,962 crore. Ravi Modi Family Trust, a promoter of VFL, proposes to sell up to

WeWork plunges as 'disruptive' CEO change prompts downgrade: Report. Mathrani's departure is the latest blow for WeWork stock, down 79% this year, as the company has struggled to cut costs and drive earnings

'Govt to issue notices to debar more cos found violating FAME-II norms'. The government will issue notices to more companies that have been found violating localisation norms under the Rs 10,000-crore FAME-II scheme seeking to debar them and recover incentives claimed by them since FY 2019-20, an official said on Wednesday. Als

Group 108 forays into NCR realty market, plans to invest over Rs 2000 cr. The project has a total built-up area of 40 lakh square feet and saleable area of 32 lakh square feet

Google to take 'necessary steps' to enforce new in-app billing policy. The Competition Commission of India (CCI) in October 2022 directed the company to make significant changes to its Play Store policies after it found several anti-competitive practices on the platform

Four entities settle insider trading case in Poonawalla Fincorp with Sebi. Four entities on Wednesday settled with capital markets regulator Sebi a case pertaining to alleged insider trading in the shares of Poonawalla Fincorp Ltd, earlier known as Magma Fincorp Ltd, after paying Rs 10.97 crore towards the settlement fee. The ent

Bourses freeze Orchid Pharma promoters' shares for failing to meet norms. Orchid Pharma on Wednesday said stock exchanges have started freezing the shares of its promoters for the company's failure to comply with market regulator Sebi's minimum public shareholding norms within the stipulated time period. Under Sebi norms, listed

Go First tells pilots to resume work from May 27, training from tomorrow. It is mandatory to do a refresher training as the pilots haven't been flying since 3 May, according to media reports

Latest stock market News for tomorrow Access previous news reports: 645646647648649650651652653654655656657658659660661662663

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