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NSE share market NEWS tomorrow (16 May, 2023). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (16 May, 2023). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 16 May 2023

Mazagon Dock was amongst the top gainers, currently trading at 809.45 in NSE with 17.798 times change in volumes and 7.418% change in price. Other gainers included 8 20 with 6.545% price change and 7.838 times volumes, Astral Poly with 5.694% price change and 6.473 times volumes, Pb Fintech with 4.697% price change and 0.794 times volumes, and Aurobindo Pharma with 4.53% price change and 5.897 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.

Cyient was amongst the top losers, currently trading at 1230.15 in NSE with 1.212 times change in volumes and -3.26% change in price. Other losers included Rural Electrification with -2.714% price change and 2.131 times volumes, Torrent Pharmaceuticals with -2.593% price change and 1.711 times volumes, Jindal Steel with -2.548% price change and 2.535 times volumes, and Abb Power with -2.454% price change and 1.231 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.

Audi's ex-chief pleads guilty in automaker's diesel emissions scandal. The former head of Volkswagen's luxury division Audi pleaded guilty Tuesday to charges tied to the automaker's diesel emissions scandal, becoming the highest-ranking executive convicted over cars that cheated on emissions tests with the help of illegal sof

NASDAQ-listed firm MakeMyTrip posts .4 million profit for Jan-Mar quarter. Online travel service provider MakeMyTrip Ltd on Tuesday reported a profit of USD 5.4 million in the fourth quarter ended March 31, 2023. The NASDAQ-listed firm had posted a loss of USD 4.1 million in the same quarter of the previous fiscal, MakeMyTrip Ltd

India Inc offers higher stipends to apprentices, shows TeamLease report. TeamLease on Tuesday released its 'Stipend Primer Report' for FY22, which suggests that a 2% increase was witnessed in 2022 in average stipend payouts, as against the previous fiscal

Air India Express hires 280 pilots, 250 crew in recent recruitment drive. Low-cost international carrier Air India Express on Tuesday said it has hired over 280 pilots and 250 cabin crew during a recent recruitment drive conducted across Delhi, Mumbai and Bangalore. Approximately 300 pilots actively participated in the selection

Paytm appoints Bhavesh Gupta as president and chief operating officer. Bhavesh Gupta will continue reporting to Vijay Shekhar Sharma, managing director and chief executive officer of the company

Murugappa's Coromandel International plans Rs 2K cr investment by 2025. Murugappa Group firm says government's 'One Nation, One Fertiliser' scheme has no impact on its business

HAML invites global tenders for EPC contractor for Hyderabad Airport Metro. Global tenders have been invited for selection of the Engineering, Procurement and Construction (EPC) contractor for the Hyderabad Airport Metro project

Oberoi Realty Q4 results: Consolidated net profit rises 106% to Rs 480 cr. Oberoi Realty to issue non-convertible debentures worth Rs 1,500 crore by way of private placement

Bank of Baroda makes Rs 500 crore provision for Go First exposure. Out of this exposure, about Rs 1,000 crore is collateralised by tangible securities and by way of corporate guarantees

Zomato begins its own UPI offering, Flipkart expected to follow soon. The report citing sources added that e-commerce platform Flipkart is also hopping on the bandwagon and has started its work for UPI offerings

Ministry of corporate affairs notifies timelines for fast-track M&As. Experts however said that while the government move is a step in the right direction, on the ground the implementation would be hard

Chemplast Sanmar Q4 results: Net profit declines 80% to Rs 46 crore. For the full year, revenues were lower by 16% as compared to the last year - however, sales volumes of almost all the products were higher on a Y-o-Y basis

US investor Baron Capital slashes Swiggy's valuation by 34% to .1 bn. In January last year, Swiggy raised 0 million in a funding round that was led by Invesco and saw participation from a host of investors including Baron Capital Group

PVR-INOX plans to shut down around 50 cinema screens over next 6 months. Leading cinema exhibitor PVR INOX plans to close around 50 loss-making screens, having an accelerated depreciation. "The company plans to shut down approximately 50 cinema screens over the next 6 months," said PVR INOX in its investor's update for the four

Bharti Airtel Q4 results: Net profit surges 50% to Rs 3,006 crore. Its revenue witnessed a 14.3 per cent YoY rise and reached Rs 36,009 crore in Q4FY23

Experion to invest Rs 50 cr in global expansion, hire 1,500 IT employees. IT company Experion Technologies on Tuesday said it plans to invest Rs 50 crore in the next 12 months to expand its international operations and build capacity in Japan, the Nordic region as well as in existing markets including the United States, Australi

Bombay Burmah Trading Corp's Go First exposure falls to Rs 65 crore. Bombay Burmah will also make a claim with the resolution professional appointed by the National Company Law Tribunal. If the airline restarts early, the losses of the banks would reduce, say corporate

73% job seekers prefer large corporates over start-ups, says report. With the current economic uncertainties and the recent challenges faced by the startups ecosystem, 73 per cent of job seekers interviewed said they prefer large corporations over start-ups, a report said on Tuesday. Around 73 per cent job seekers prefer st

Triveni Turbine net profit grows 68% to Rs 55.6 cr. in March quarter

Engine Leasing Finance moves to NCLAT against Go First's insolvency. After three aircraft lessors, Engine Leasing Finance BV has moved the National Company Law Appellate Tribunal (NCLAT), opposing the insolvency resolution proceedings initiated against Go First. Ireland-based Engine Leasing Finance is a leading engine finan

Mondelez International names Samir Jain as president of India business. Jain joins Mondelez International from Bunge India, where he led the business as managing director for the last 10 years

Agraga raises Rs 70 crore in funding round led by IvyCap Ventures. Digital logistics start-up Agraga has raised Rs 70 crore in a funding round led by IvyCap Ventures with participation from Alteria, the company said on Tuesday. The funds will enable Agraga to expand operations across India from its current presence in thr

LIC's new business premium drops 50% to Rs 5,810.1 crore in April. LIC's group single premium declined 65.76% to Rs 2899.63 crore in April while individual single premium dropped by 23.07% to 1014.47 crore

Zomato inks partnership with ICICI Bank to launch its own UPI offering. Currently, Zomato UPI has been rolled out to select users only. Further expansion of the service will hinge on the initial customer response

Paytm appoints Bhavesh Gupta as COO, President amid profitability push. The fintech giant, in its Q4 results for FY23, managed to narrow its losses to Rs 168 crore. This compares to losses of Rs 392 crore a quarter ago and Rs 761 crore in the year-ago period

ZestMoney sets up new leadership team, a day after founders resign. ZestMoney's founders have resigned, several weeks after fintech giant PhonePe decided to halt its proposed acquisition of the buy now, pay later (BNPL) platform

With growing user base, ONDC can start a price-war in ecomm market: Report. However, the new e-commerce platform has a long way to go before it can match the technological and service capabilities of companies like Amazon, Flipkart, Swiggy, Zomato, and others

HDFC Life declares highest ever bonus of Rs 3,660 cr on participating plans. 2.31 million policyholders are eligible for this bonus

Go First: Aircraft lessor moves Delhi HC to take back its leased plane. As Go First undergoes insolvency resolution proceedings, an aircraft lessor moved the Delhi High Court seeking directions to the authorities to release the plane leased to the crisis-hit airline. Besides, two more aircraft lessors have moved the National C

LIC Housing Finance Q4 result: PAT up 5% to Rs 1,180 cr, dividend declared. LIC Housing Finance reported a jump of 5.5% in its consolidated net profit, which came in at Rs 1,180.3 crore, as against Rs 1,118.6 crore in the corresponding period of the previous year

VIL still needs additional liquidity to survive, says Vodafone Group. Vodafone Group owns 32.29% stake in VIL while Aditya Birla group owns 18.07% stake in VIL after the government picked up 33% stake in the loss-making company

JK Paper Q4 results: Consolidated net profit rises 64.7% to Rs 280 crore. The company's consolidated total income rises by 29.22 per cent to Rs 1,760 crore for the March quarter as compared to Rs 1,362 crore in the year-ago period

Redington posts record Q4 revenue on strong demand for laptops, phones. IT products distributor Redington reported 26% increase in quarterly revenue, boosted by demand for laptops and mobile phones

Eveready Industries cuts number of direct distributors to 1,000 from 5,000. Batteries and flashlights maker Eveready Industries India Ltd has cut the number of its direct distributors to 1,000, from 5,000 earlier, as part of a network revamp strategy to drive efficiency, according to company Managing Director Suvamoy Saha. The com

TCS, Intellect in race for development of advanced version of portal GeM. IT major TCS and Intellect Design Arena are in the race for a contract for the development of an advanced version of public procurement portal GeM, sources said. The government invited tenders for new GeM (Government e-marketplace) portal development work

Jupiter Wagons raises Rs 125 cr via qualified institutional placement route. Jupiter Wagons Ltd (JWL) has raised Rs 125 crore through qualified institutional placement (QIP) route. The funds will be utilized to accelerate its wagon manufacturing capacity, JWL said in a statement on Tuesday. "JWL...has successfully concluded the fun

Granules profit up 7.8% to Rs 120 crore boosted by drug ingredient business. Granules India reported a 7.8% rise in fourth-quarter profit, spurred by strong growth in its business of making active pharmaceutical ingredient (API) for drugs

BigBasket secures capex procurement ERP software from Zoho Corporation. Technology company Zoho Corporation on Tuesday said it has implemented a custom-built capex procurement ERP software Zoho Creator to online grocery seller BigBasket. The cloud-based customer enterprise resource planning (ERP) software has helped BigBasket

Jindal Steel and Power Q4 results: PAT falls 69.4% to Rs 466 crore. The company's consolidated gross revenue down by 1.9 per cent to Rs 15,781 crore for the March quarter as compared to Rs 16,089 crore in the year-ago period

Foxconn lines up Rs 4,110 cr for new Hyderabad plant, 25,000 jobs likely. The factory's construction will be finished in nine months, and operations will start within a year

Senior Tesla executives to visit India this week in pivot beyond China. The executives are scheduled to meet govt representatives including those from the office of Prime Minister Narendra Modi to discuss local sourcing of components for Tesla's models

Online gaming unicorn MPL forays into Africa, launches its app in Nigeria. MPL, which became a unicorn in 2021, has partnered with Africa's gaming publisher Carry1st to launch in the continent

Average stipend pay outs hiked by 2% in India in FY23, Chennai leads. "Employers are willing to pay higher stipends than industry mandates as they see the value of investing in apprentices to bridge the skill crisis and create a sustainable talent supply chain"

Bank of Baroda Q4 net profit up 168% at Rs 4,775 cr on healthy NII. Public sector lender recommends dividend of Rs 5.5 per share for face value of Rs 10 each

Indian Oil posts first profit increase in 5 quarters as crude prices cool. IOC's revenue from operations rose almost 10% to Rs 2.26 trillion

As HCCB plans to sell its bottling business, senior officials bid adieu. The list of officials who resigned includes Neil Comerford who was executive director (ED) of the sales and commercial department, ED, HR Indrajeet Sengupta, among others

Jio-bp launches diesel that will save of Rs 1.1 lakh per truck yearly. Jio-bp on Tuesday announced the launch of its diesel with Active technology, set to elevate diesel standards for Indian consumers.

Infosys, bp deepen relationship to transform digital application landscape. The companies will continue to explore more avenues for bp to advance sustainability, DE&I and other social impact initiatives

Infra lender NaBFID to sanction loan worth Rs 1 trillion this fiscal. MUMBAI (Reuters) - The Indian government-backed National Bank for Financing Infrastructure and Development (NaBFID) expects to sanction close to 1 trillion rupees (.23 billion) in loans this financial year, its top executive told Reuters on Tuesday.

Kia to build new electric vehicle plant in Mexico, likely to invest bn. Hyundai Motor and Kia aim to sell around 2 million and 1.6 million all-electric vehicles, respectively, by that year

Tube Investments of India records over 100% jump in Q4 consolidated net. Tube Investments of India Ltd has recorded over 111.9 per cent jump on its profit for the fourth quarter ending March 31, 2023 at Rs 477.40 crore. The city-based Murugappa Group firm had registered consolidated net at Rs 225.22 crore registered in the corr

Coromandel International posts Q4 consolidated net at Rs 246.44 crore. Agriculture solutions provider Coromandel International has reported consolidated net profit at Rs 246.44 crore for the quarter ending March 31, 2023, the company said on Tuesday. The consolidated net profit stood at Rs 289.79 crore recorded in the corresp

Max Healthcare Institute's PAT soars 86% to Rs 320 crore in Jan-Mar quarter. Max Healthcare Institute on Tuesday said its profit after tax (PAT) jumped 86 per cent to Rs 320 crore in March quarter 2022-23 on account of improvement in operating metrics in hospitals and reduction in finance costs. The healthcare provider had reported

TV Today Network Q4 results: Net profit falls 83.6% to Rs 5.85 crore. The company's consolidated total revenue from operation down by 10.36 per cent to Rs 217.14 crore for the March quarter as compared to Rs 242.26 crore in the year-ago period

Jubilant Ingrevia Q4 profit slump 24% as supplements faced headwinds. Consolidated net profit fell to 523.1 million rupees (.4 million) for the three months ended March 31 from 685.9 million rupees a year earlier, marking the fourth straight quarter of earnings drop

INOX invests in Tata Steel's Dhenkanal plant to set up air separation units. INOX Air Products will invest Rs 1,300 crore to set up two air separation units having capacity of 1,800 tonnes a day each at Tata Steel's plant in Dhenkanal, Odisha, company's Managing Director Siddharth Jain said. The plant is being set up as part of a p

Number of cases under IBC gone up by 24% in Q4FY23, says CARE Ratings. Only 10per cent% have ended in approval of resolution plans, while 31 per cent remain in the resolution process vs. 35 per cent as of the end of March 2022

Bharti Airtel Q4 net profit jumps 49% to Rs 3,005 cr, revenue up 14.3%. Airtel also recommended a final dividend of Rs 4 per share of face value Rs 5 each

Dish TV minority shareholders seek EGM, removal of 2 independent directors. A group of minority shareholders of Dish TV has sent a notice to call an Extraordinary General meeting (EGM) of the direct-to-home service provider, raising concerns over corporate governance issues, seeking reconstitution of the board and removal of two i

70% of MSMEs believe more than 50% of customers will pay using UPI. A report by NeoGrowth looks at the data from around 3,000 retail customers and 1,000 retail sellers across the country

NCLAT closes Insolvency case against Marvel Realtors & Developers. The National Company Law Appellate Tribunal (NCLAT) has closed the Corporate Insolvency Resolution Process (CIRP) against Marvel Realtors & Developers Ltd after taking on record settlement with its financial creditor. A two-member bench of NCLAT headed by

IHCL partners Chalet Airport Hotel to open 400-key Taj at IGI Airport's T3. Indian Hotels Company Ltd (IHCL) on Tuesday announced the signing of a 400-key Taj branded hotel at Indira Gandhi International Airport's Terminal 3 in New Delhi in partnership with Chalet Airport Hotel. The 400-key hotel will be situated adjacent to the I

Go First backs emergency arbitration in dispute with Pratt & Whitney. (Reuters) - India's Go Airlines said on Monday it needed an emergency arbitration in its dispute with engine maker Pratt & Whitney to be enforced in Delaware to prevent it from going out of business.

Shopping from Amazon may get costlier as platform hikes seller commission. The move comes as the platform, like other tech companies, seeks to conserve cash and expand revenue channels in the midst of a global slowdown

Dumping other banks, Warren Buffett recommits to Bank of America stocks. Investor Warren Buffett recommitted to his favourite bank stock, Bank of America, during the first quarter while dumping two other banks as part of a number of moves in Berkshire Hathaway's stock portfolio. Berkshire provided a quarterly update on its US h

Apple to not make iPads, Mac PCs but may manufacture AirPods in India. This comes amid reports that the Cupertino-based tech giant may soon start producing all its major products in India

Ravneet Kaur appointed new CCI chairperson, regulator gets quorum. The government has appointed Ravneet Kaur as the Chairperson of the Competition Commission of India (CCI), according to an official order. There has been no full-time Chairperson for the competition regulator since Ashok Kumar Gupta demitted office in Octo

Vedanta-Foxconn JV set to get govt approval for its chip-making plant. VFSL is a joint venture between India's Vedanta Group and Taiwan's Hon Hai Precision Industry (Foxconn). The two have 63 and 37 per cent stake in the company, respectively

BSNL targets to increase market share by double in three years: BSNL CMD. The Chairman and Managing Director of the Bharat Sanchar Nigam Limited (BSNL) Pravin Kumar Purwar has said that the BSNL has set up a target to reach 15 per cent to 20 per cent of market share

Shapoorji Pallonji Group taps private credit market to raise .6 bn. The group has been seeking ways to free up cash as rising interest rates bite

Vice Media files for bankruptcy, the latest digital media setback. Vice Media is filing for Chapter 11 bankruptcy protection, the latest digital media company to falter after a meteoric rise. Vice said on Monday that it has agreed to sell its assets to a consortium of lenders Fortress Investment Group, Soros Fund Managem

Welspun One Logistics Parks raises Rs 500 cr under 2nd AIF in initial phase. Welspun One Logistics Parks (WOLP) on Monday said it has successfully concluded the initial close of its second Alternative Investment Fund (AIF), WOLP Fund 2, raising Rs 500 crore in eight weeks. WOLP Fund 2 was launched in March and aims to raise a corpu

Apax Funds buys 0 mn minority stake in travel tech company IBS Software. Global travel and logistics SaaS company IBS Software on Monday said Apax Funds will buy a minority stake in the company for USD 450 million. Post the latest transaction, IBS Software's Founder and Executive Chairman V K Mathews will remain the majority sh

Coromandel International posts 15% YoY drop in Q4 PAT amid rise in costs. Indian agricultural chemicals maker Coromandel International Ltd reported a 15% fall in its quarterly profit on Monday, as soaring costs offset growing demand

Manufacturing firm Tube Investments' Q4 profit rises 74% at Rs 312 cr. Company's net profit in FY23 increases 24% at Rs 956 cr from Rs 769 cr in FY22

'Factually baseless': Sebi to SC on probing Adani firms since 2016. Stand by reply that stated Sebi was probing some Adani group firms: FinMin

NCLAT to pass order on appeal against Go First's insolvency on May 22. Appellate tribunal tells all parties in the matter to file written submissions in 48 hours

PVR Inox March-quarter consolidated net loss widens to Rs 333 crore. PVR Inox to raise funds via the issue of non-convertible debentures worth Rs 100 crore

Skipper Q4 PAT down 3.4%, sees highest-ever quarterly revenue of Rs 657 cr. Dip in profit largely due to MTM losses arising from the depreciation of the rupee to the dollar

VI adopts Ericsson's online charging solution for faster product launches. Ericsson's solution implemented across India, replaces VI's three existing solutions

Pfizer consolidated net profit rises 3% to Rs 130 crore in March quarter. The company said its board recommended a final dividend of Rs 35 per share of Rs 10 each

Biphore, Zenara gets approval for Cannabidiol that treats neuro disorders. Biophore India Pharmaceuticals has announced that it has received approval from Central Drugs Standard Control Organisation (CDSCO) for manufacturing of Cannabidiol active ingredient in India

Amazon plans to focus on utilising AI to speed up delivery services. Amazon has said that it will be focusing on using artificial intelligence (AI) to speed up delivery services, aiming to minimise the distance between its products and customers, the media reported

HCLTech expands partnership with SAP to drive digital transformation. We are delighted to expand our partnership with SAP to continue elevating the experience for our people through the best of technology, said C Vijayakumar

Amazon's venture fund leads Rs 110 crore in Indian innerwear maker XYXX. XYXX, a leading men's premium innerwear and lifestyle brand would use the funding to expand its business

Cognizant's new platform offers responsible AI for enterprise customers. Platform has a library of reusable generative AI models and agents, development tooling, and control components including API and access management, versioning, and auditing

Fertiliser firm Coromandel International's Q4 profit up 18% at Rs 290 cr. Company says 'strong growth' in products portfolio helped performance

NuRe, Railtel tie up for passenger services app on revenue share basis. 3i Infotech-led consortium NuRe Bharat Network and RailTel on Monday unveiled PIPOnet mobile app which aims to provide all services, including e-ticketing, travel, stay reservations, and entertainment apps, for railway passengers. NuRe Bharat Network CEO S

Suryoday SFB posts Q4 net profit of Rs 40 cr vs year-ago loss of Rs 48 cr. For the whole of FY23, the net profit stood at Rs 77.1 crore against loss of Rs 93 crore a year ago

Allow Go First pilots to exit without impediment: Pilot body to Scindia. The pilot's body has written to the minister seeking his intervention to help Go First pilots facing hurdles in leaving the airline

IIFCL's net profit doubles to highest ever of Rs 1,076 crore in FY23. India Infrastructure Finance Company Ltd (IIFCL) on Monday reported a two-fold jump in standalone net profit to Rs 1,076 crore for the fiscal ended March 2023 aided by an increase in lending and reduction of bad loans. The state-owned infrastructure financ

NSE net profit rises 31% YoY to Rs 2,067 crore in Jan-Mar quarter. The National Stock Exchange (NSE) on Monday reported a 31 per cent rise in consolidated net profit at Rs 2,067 crore for the three months ended March. In comparison, the exchange had posted a net profit of Rs 1,580 crore in the year-ago period, NSE said in

Dish TV Institutional shareholders call for EGM, seek to remove 2 directors. The notice said the Board is acting at the behest of certain minority shareholders holding merely 4 percent stake in the company

UGRO Capital net profit rises two-fold at Rs 14 cr in March quarter. Technology-driven non-bank lender UGRO Capital on Monday reported a two-fold rise in its consolidated net profit at Rs 14 crore in the January-March 2023 quarter. The company had posted a net profit of Rs 6.1 crore in the corresponding quarter a year ago,

NCLAT allows withdrawal of CIRP for McLeod Russel India, says IRP. Sources close to the development indicated that the settlement between McLeod promoters and IL&FS included a combination of payment of an amount and land

Amazon implements India layoffs to reduce workforce globally: Report. The downsizing round is part of the layoffs announcement made in March by Amazon CEO Andy Jassy, which was expected to impact 9,000 employees

ZestMoney founders resign weeks after PhonePe calls off to acquisition. In April, ZestMoney laid off 100 employees, or about 20 per cent of its workforce

IT major Infosys rewards employees with equity shares under 2 schemes. Under the 2015 Stock Incentive Compensation Plan, 104,335 equity shares were allotted and 407,527 shares were allotted under the Infosys Expanded Stock Ownership Program 2019

Suryoday Small Finance Bank posts profit of Rs 39 cr for Jan-Mar. Suryoday Small Finance Bank on Monday posted a net profit of Rs 39 crore for the March quarter of 2022-23 as bad loans fell. The bank had posted a net loss of Rs 48 crore for the same quarter a year ago. Total income during Q4 FY23 rose to Rs 363 crore fro

DMart retail chain slumps nearly by 5% on profit miss, margin drop. Shares of Avenue Supermarts Ltd, which operates the DMart retail chain, fell 4.7% after the company's fourth-quarter profit missed estimates and core profit margin contracted

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