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NSE share market NEWS tomorrow (12 May, 2023). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (12 May, 2023). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 12 May 2023

Eicher Motors was amongst the top gainers, currently trading at 3626.35 in NSE with 8.975 times change in volumes and 6.491% change in price. Other gainers included Glenmark Pharmaceuticals with 5.654% price change and 3.538 times volumes, Kfin Technologies with 5.436% price change and 11.119 times volumes, Polycab India with 4.751% price change and 2.931 times volumes, and Max Healthcare with 3.264% price change and 6.637 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.

Rail Vikas was amongst the top losers, currently trading at 120.40 in NSE with 0.424 times change in volumes and -4.972% change in price. Other losers included Manappuram Finance with -4.805% price change and 2.271 times volumes, Hindalco Industries with -3.826% price change and 1.006 times volumes, Icici Pru with -3.711% price change and 1.32 times volumes, and Laurus Labs with -3.36% price change and 0.498 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.

Colgate-Palmolive beats Q4 profit estimates helped by price hikes. Colgate-Palmolive (India) Ltd's fourth-quarter profit fell less than expected, helped by price hikes implemented to combat surging costs

Tata Motors expects JLR's cash flow to quadruple to .50 bn this fiscal. India's Tata Motors Ltd expects its luxury car group, JLR free cash flow to nearly quadruple to top .50 billion this fiscal, and the automaker also declared its first dividend in nearly seven years

Manappuram posts 58% jump in profit on healthy gold loan business. The company's interest income jumped 23% to 17.14 billion rupees, while expenses rose a comparatively smaller 8.3%

Hero MotoCorp partners Motosport SA in Costa Rica for sales, services. Hero MotoCorp on Friday said it has roped in Motosport SA as a partner in Costa Rica. As the exclusive distributor for the sale and service of Hero MotoCorp motorcycles and scooters in the country, Motosport SA will play a key role in the rapid expansion o

HPCL's profit jumps 79% to Rs 3,608 cr on refining, marketing margins. Hindustan Petroleum Corporation Ltd (HPCL) on Friday reported a 79 per cent jump in its March quarter net profit on the back of a recovery in fuel marketing margins and better refining margins. Consolidated net profit was at Rs 3,608.32 crore in January-Ma

CCI asks Google to share policies on data sharing, in-app billing. Move based on complaints that tech giant failed to comply with directive on third-party billing

IOB net up 19% to Rs 656 cr in Q4FY23, income rises 16% to Rs 5,271 cr. Improvement in bad loan situation; marginal rise in low-cost deposits as percentage of overall deposits

Great Eastern Shipping net profit jumps nearly four-fold to Rs 721.94 cr. Great Eastern Shipping Company Ltd (GE Shipping), the country's largest private ship liner, on Friday reported a nearly four-fold jump in its consolidated net profit to Rs 721.94 crore in the March 2023 quarter. GE Shipping had posted a profit of Rs 188.97

Lessors seek status quo on aircraft, NCLAT to hear matter on Monday. This means that nobody would be able to touch the aircraft for any work until a final order is passed by the Tribunal. The next hearing is on Monday

Byju's raises 0 mn from Davidson Kempner Capital at bn valuation. Edtech major BYJU'S is learnt to have closed USD 250 million fundraising from Davidson Kempner Capital and is in the process to close another funding round of USD 750 million by the end of this month, sources aware of the development said on Friday. The co

Polycab India consolidated PAT rises 31.68% to Rs 428 crore in Q4. Electrical goods company Polycab India on Friday reported a 31.68 per cent growth in consolidated profit after tax (PAT) during the quarter ending March 31, at Rs 428.41 crore compared to the same period of the previous financial year. The company's PAT st

Max Financial Services profit slumps 64% to Rs 52 crore in Jan-Mar quarter. Max Financial Services Ltd (MFSL) on Friday reported a 64 per cent decline in consolidated net profit at Rs 52 crore for the last quarter of 2022-23. The company had reported a net profit of Rs 144 crore in the January-March period a year ago. The company

Byju's closes Rs 2,000-crore debt funding from Davidson Kempner Capital. This is part of billion funding in a mix of equity and structured instruments

Five major e-commerce firms delist around 13,118 items from platforms. A total of 13,118 items have been delisted by these companies, Amazon delisted 8,095 alarm clips, Flipkart delisted around 5,000 clips and 21 clips were delisted by Meesho

IndiGrid net profit rises 37% YoY to Rs 137 crore in Jan-Mar quarter. Infrastructure investment trust India Grid Trust on Friday posted a 37.4 per cent rise in its consolidated net profit to Rs 137.12 crore in the January-March 2023 quarter compared to a year ago, on the back of higher revenues. The consolidated net profit o

Concerned about aircraft lease rates if NCLT order stands: Boeing. India introduced a Bill in 2018 and a new Bill in 2022 to implement the CTC, but it has not yet been passed by Parliament

Kotak Mahindra Bank to be the biggest beneficiary of MSCI rejig. In a note, Nuvama Research. said that Kotak Mahindra Bank's weighting in the index has gone up by 135 basis points to 2.8 per cent

DGCA fines Air India Rs 30 lakh, suspends pilot for three months. 'We acknowledge and accept the DGCA's ruling', said Air India

MSCI drops Adani Transmission and Adani Total Gas from India index. The exclusion follows changes in MSCI's calculation on the amount of shares considered freely tradable in the public market for the two companies

Risky jurisdiction: Aircraft lessors raise alarm over Go First crisis. India is a critical market for lessors, in which sale-and-leaseback deals accounted for 75% of plane deliveries from 2018 to 2022, compared with a global average of 35%

Adani shortseller saga probe to test Sebi, SC check on the rich & powerful. With PM largely silent on the controversy despite attacks from opposition, these investigations are most significant way India can signal to investors that it is willing to scrutinize its largest firm

Pratt & Whitney opposes Go Airlines' push to enforce arbitration against it. (Reuters) -Pratt & Whitney opposed India's Go Airlines' push to enforce an arbitration ruling against the U.S. company for the supply of spare engines, a Delaware court filing showed.

Sebi's Shirpur Gold Refinery order raised before NCLT, may bite Goenkas. Bourses NSE, BSE brought up the issue during Zee-Sony merger hearing

Zee Media board approves submission of bid to pave way for RBNL takeover. In its company filing, Zee Media said that a resolution had been passed on May 5, 2023, that granted approval to the company to submit its EOI with the CIRP of RBNL

Apple to open first online shop in Vietnam in push to emerging market. The opening on May 18 comes just weeks after the Cupertino, California-based company opened its first Apple stores in India - Mumbai and Delhi

Son owes SoftBank .2 bn on side deals post losses at Vision Fund unit. His unrealized losses widened by about 0 million from three months before, with most of the deficit linked to the Latin America fund

Paytm to forego 3% commission it charges as buyer app on ONDC: Report. The commission will be removed on orders fulfilled by the sellers where there are no complaints by the customers

SoftBank offloads 2% stake worth 0 million in Paytm to meet SEBI rules. This was done in a series of open market transactions since Feb 2023 to comply with Sebi's takeover regulations

NCLT dismisses Central Bank insolvency plea against Simplex Infrastructures. EPC firm's balance sheets do not show negative net worth, says tribunal's Kolkata bench

Wadia Group company took 0 million loan from Deutsche Bank: Report. The Wadia Group company obtained the loan by putting a charge on the account of the London-based parent of Britannia Industries

Pratt & Whitney faces higher risks after Go First filed for bankruptcy. NEW YORK/BENGALURU (Reuters) -Pratt & Whitney on Thursday opposed Go Airlines (India) Ltd's push to enforce an arbitration ruling in an engine dispute, with the U.S. company arguing in a Delaware court that the Indian airline's bankruptcy filing has raised

Magicpin records multi-fold growth in daily orders on ONDC in 5 weeks. Hyperlocal startup magicpin on Friday said has recorded 200-fold growth in daily orders to 20,000 per day within the first five weeks of joining the government-supported Open Network for Digital Commerce (ONDC). Magicpin said it has reached 20,000 per orde

Maruti Suzuki to invest .5 bn by 2030 to double its capacity in India. It will invest Rs 45,000 crore to start eight assembly lines with an annual production capacity of 250,000 units each across two new facilities

USA's Neuberger Berman slashes valuation of India's Pine Labs, PharmEasy. Fintech firm's valuation cut by 38% and online pharmacy's by 21% as start-up investors battle macroeconomic uncertainties

Tesla recalls 1.1 million electric cars from China over braking defect. Some 1.1 million electric cars that Tesla made at its Shanghai factory or imported into China between January 2019 and April this year will need to be fixed

Sundaram Home Finance confident of growth as demand remains positive: MD. Sundaram Home Finance was confident of continuing its growth during the current financial year as the demand in real estate sector remains positive, a top official said on Friday. The company, a wholly-owned subsidiary of non-banking finance company Sundar

Centre eyeing to tax OTT platform Netflix's income in India: Report. The authorities have reportedly held that the company has a permanent establishment in the country and is thus liable to pay the tax on its income here

Noise reports over Rs 2,000 crore revenue in FY23 with 100% growth YoY. Homegrown consumer wearable company Noise on Friday said it clocked over Rs 2,000 crore in revenue in FY23 with a record growth of over 100 per cent (year-on-year)

Adani-owned Ambuja Cements to expand production capacity by 14 mn tonnes. The projects are expected to be commissioned in two years and will funded using internal accruals, it added

Jupiter Life Line Hospitals files IPO papers with Sebi to raise Rs 615 cr. Multispecialty hospital chain Jupiter Life Line Hospitals has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth Rs 615 crore and an off

Hindustan Aeronautics posts first decline in profit in 10 quarters. The company also said it incurred tax expenses of 124.7 million rupees in the quarter, against a gain of 5.28 billion rupees from tax refunds a year ago

Pincode clocks 5,000 daily orders on ONDC within month of launch. E-commerce app of fintech platform PhonePe says after Bengaluru it will be in more cities

Vedanta Q4 results: Net profit down 68%, dividend of Rs 33/ share declared. In FY23, it reported an all-time high consolidated revenue of Rs 1.4 trillion, up 11% YoY

Five Star Business Finance expects 30% growth in AUM in FY24. Firm plans 60 new branches during the year, increase staff strength and hike ticket size as well

Cipla's Q4 net profit up 45% at Rs 526 cr on account of robust sales. Drug major Cipla on Friday said its consolidated net profit increased by 45 per cent to Rs 526 crore for the fourth quarter ended March 31, 2023, driven by robust sales across the domestic business and US market. The Mumbai-based company had reported a net

Adani-Hindenburg: May grant Sebi a three-month extension for probe, says SC. In April, Sebi moved the SC and sought a six-month extension to complete its probe

DLF Q4 profit up 40% to Rs 569.6 cr, net profit rises 36% to Rs 2,034 cr. Realty major DLF on Friday reported a 40 per cent increase in its consolidated net profit at Rs 569.60 crore in the quarter ended March 2023 on lower expenses. Its net profit stood at Rs 405.54 crore in the year-ago period. Total income fell to Rs 1,575.70

OYO-owned Weddingz.in to expand to 7 cities in 2023 amid rise in demand. OYO-owned Weddingz.in on Friday announced its plans to enter seven new cities in 2023, including in Ahmedabad, Hyderabad, Chandigarh, Vadodara, Goa, Varanasi and Ludhiana, to cater to the rise in demand for venues and service providers. Weddingz.in has a p

Tata Motors Q4 results: Net profit at Rs 5,407 crore, dividend declared. Tata Motors Q4 results: In Q4FY23 the revenue of Jaguar Land Rover (JLR) were up 49%

Tata Steel Mining signs MoU with BPCL to get LNG for Odisha plant. In an attempt to secure long-term supply of liquified natural gas for its ferroalloys plant located in Odisha's Jajpur, Tata Steel Mining Ltd (TSML) has signed a memorandum of understanding with Bharat Petroleum Corporation Ltd (BPCL). As per the MoU signe

Britannia forecasts around 3% input cost inflation for FY24: MD Berry. Britannia Industries Ltd, India's largest biscuit maker, has forecast low single-digit input cost inflation for the current fiscal year. The company said it is closely monitoring input costs and will remain watchful of competitive pricing activities. Brita

DGCA slaps Rs 30 lakh fine on AI after pilot invited friend in cockpit. Aviation regulator DGCA on Friday imposed a fine of Rs 30 lakh for lapses in addressing "safety sensitive issue" related to the incident of a pilot allowing a female friend in the cockpit during a Dubai-Delhi flight on February 27. Besides, the licence of

ONDC records 500-fold rise in transactions to over 25,000 orders since Jan. ONDC has also expanded its geographic footprint from 85 cities at the start of the year to over 230 now.

Key Apple supplier Foxconn reports loss of 56% in Q1, outlook flat. In the first quarter of 2023, revenue totaled 1.4624 trillion Taiwanese dollars, up 4 per cent year-on-year

Innokaiz India gets listed on BSE SME Platform, takes tally of cos to 435. Leading bourse BSE's small and medium enterprises (SMEs) platform on Thursday announced the listing of Innokaiz India, taking the tally of such listed companies on the exchange to 435. Innokaiz India Ltd became the 435th company to get listed on the BSE SM

India accounts for over 75% of Truecaller's net sales in Q1, avg users jump. India accounted for 75.5 per cent of the total net sales of Truecaller across revenue streams -- Truecaller for Business, Premium subscriptions and Ads -- in the first quarter of this year

Amp Energy India bags 150 MW hybrid project from CESC via subsidiary. Amp Energy India on Thursday said it has won a 150 MW hybrid energy project from CESC Limited. It has won the wind-solar project through its subsidiary Amp Green Energy Private Ltd at a tariff of Rs 3.07 per unit. The tariff discovered was the lowest in th

'Risky jurisdiction': Aircraft lessors raise alarm over Go First crisis. SMBC, along with firms such as Jackson Square Aviation and Bank of China Aviation, raised the alarm after a tribunal gave Go Airlines (India) Ltd bankruptcy protection to allow it to revive itself

Gillette India profit rises 48% in March quarter, revenue up 9.3%. The company's revenue from operation rose by 9.3 per cent to Rs 619 crore for the March quarter as compared to Rs 567 crore in the year-ago period

China's SAIC Motor plans to sell its stake in MG Motor to domestic entities. SAIC is in the advanced stages of talks with investors from different Indian companies, which include Reliance, Hero Group, Premji Invest, and JSW Group for equity sale

Eicher Motors Q4 net profit up 48%, records highest-ever revenue. Company that makes Royal Enfield motorcycles plans Rs 1,000 crore capex in FY24

Three Adani firms consider raising up to bn after .5 bn share sale. The three companies said on Wednesday they were holding board meetings on Saturday to consider proposals to raise funds. They did not disclose how much they intended to raise

ONGC discovers crude oil, natural gas in in two blocks in Mumbai offshore. State-owned Oil and Natural Gas Corporation (ONGC) has discovered crude oil and natural gas in two blocks in Mumbai offshore, the company said on Thursday without giving details of reserves found. The discoveries, which have been named 'Amrit' and 'Moonga'

Asian Paints Q4 net surges 45% to Rs 1,234 cr on improvement in margins. During the year, the paints major crossed Rs 34,000 crore in revenue at a consolidated level

Ajmera Realty & Infra profit up 7.9% in Q4FY23, income down 36.7%. However, for the full year, total income fell to Rs 440.63 crore in FY23 from Rs 489.11 crore in FY22

South Indian Bank Q4 net profit up 23% at Rs 334 cr as advances grow. During the period under review, the bank's operating profit was seen up by 95% from Rs 288 crore in fourth quarter of FY22 to Rs 562 crore during the same period in FY23

Italy's antitrust watchdog probes Apple over competition in app market. Italy's antitrust authority is probing allegations that Apple is abusing its dominant position in the app market, thwarting competition, officials said on Thursday. The authority alleges that Apple's privacy policy for third-party developers is more restri

JioCinema reports record 1,300 crore views in first five weeks of IPL. Reliance-owned JioCinema, which has the live streaming right for Tata IPL, on Thursday said it has clocked over 1,300 crore video views in the first five weeks of the T20 cricket tournament. The average time spent per viewer per match touched 60 minutes, s

Let's get business running, crisis-hit Go First's IRP tells staff. The airline has indicated to the civil aviation ministry it would be able to start operations in around two weeks

Tata Capital launches payment facility, UPI 123PAY for feature phone users. UPI 123PAY will be useful, especially for payments of low-value and microfinance customers

Religare Enterprises reports net profit at Rs 20 cr in March quarter. Religare Enterprises on Thursday posted Rs 20 crore profit on a standalone basis for the fourth quarter ended March 2023. The company had registered a net loss of Rs 7 crore in the January-March quarter of the preceding fiscal. The total income increased t

Suzuki Motor to invest aggressively to grow auto industry in India. Suzuki Motor Corporation will continue to invest aggressively to grow the automobile industry in India, a senior company official said on Thursday. "We will continue to make investments aggressively to grow the industry and make people happy in India and c

Adani Group's Abu Dhabi backer says no plan to join any new share sale. Three companies controlled by Adani are considering a fundraising that may draw as much as billion

BLS International profit jumps over 2-fold to Rs 76.73 cr for Jan-Mar. BLS International on Thursday reported a more than two-fold jump in its consolidated net profit at Rs 76.73 crore for the quarter ended March. Its net profit stood at Rs 35.20 crore in the year-ago period, the company said in a statement. BLS International

Voluntary insolvency by Go First a fraudulent exercise: SMBC to NCLAT. Initiation of insolvency by Go First was a "fraudulent exercise", alleged one of the aircraft lessors of the Wadia group firm SMBC Aviation Capital Ltd before the National Company Law Appellate Tribunal (NCLAT). SMBC Aviation Capital through its counsel Ar

AI pilots' unions decide to accept revised service terms, compensation. Air India's two pilot unions on Thursday decided to accept the revised service norms and new compensation structure offered by the airline. The Indian Commercial Pilots Association (ICPA) and the Indian Pilots Guild (IPG) had opposed the carrier's revised

Aditya Birla Capital Q4 net up 35%, to raise upto Rs 3,000 cr in equity. The fund raised through equity offering would be used for supporting growth in lending and insurance businesses

Amp Energy wins CESC's 150 MW 'Wind-Solar Hybrid' auction at Rs 3.07/unit. The company said, the contracted capacity of the project will be 150MW and would require a 250 MW of wind and solar capacity installation

Nexus Select Trust's initial public offering garners 5.4 times subscription. The REIT plans to utilise the net proceeds of the fresh issue portion to repay debts and to acq­uire stakes and redeem debt securities in ce­rtain asset special purpose vehicles

Air India pilot unions end protest on new salary contracts, service rewards. The change in stance from unions comes as Air India stepped up efforts to attract pilots from Go First that temporarily stopped operations last week

The non-IT and IT services account for 54% of Smartworks' business. For Smartworks, the non-IT and IT services already account for 54% of their business. This is far higher than the broader real estate market, where they account for 40% of the inventor

We are not trying to put anybody out of business through ONDC: DPIIT Secy. The government wants all e-commerce players to become part of the Open Network for Digital Commerce (ONDC) and this initiative is not trying to put anybody out of business, a top official said on Thursday. Secretary of the Department for Promotion of Indus

Pfizer pouring windfall profits from Covid-19 vaccine into cancer battle. The U.S. government will end the COVID Public Health Emergency on Thursday that allowed millions of Americans to receive vaccines, tests and treatments at no cost

Telangana recorded 40% rise in online orders in FY22: Unicommerce. The data also revealed that consumers from Telangana are shopping across various categories

Deploying AI tools to reduce international scam calls by 50%: WhatsApp. WhatsApp responded to the minister's comments in a statement saying protecting the privacy and security of users is fundamental to Meta and to WhatsApp

Elon Musk asks federal appeals court to end 'Twitter Sitter' Deal. In his decision, Liman ruled that Musk willingly waived his First Amendment right to tweet without restraint, a finding Musk denied in his appeal brief

Tech startups find one of their last funding sources shrinking up. Climbing interest rates have made the funding more expensive for companies, and one of the biggest venture lenders faced a run on the bank that forced government regulators to seize it and sell it

Vodafone Idea expected to come up with revival plan within a month: Report. In an interview, telecom secretary K Rajaraman said that the return of Kumar Mangalam Birla, chairman of Aditya Birla group, to the board of the ailing telco is a 'positive step'

Microsoft freezes salaries of full-time workers due to economic uncertainty. The company will, however, consider raising rates for hourly workers while maintaining a bonus and stock award program without "overfunding" it, Nadella said without elaborating

NCLAT to hear SMBC Aviation's plea against NCLT order on Go First today. Soon after the NCLT allowed Go First's plea on Wednesday, SMBC Aviation Capital's counsel moved the NCLAT

Income Tax officials search Mankind Pharma's New Delhi office: Report. India's Income Tax Department is conducting searches at Mankind Pharma Ltd's office in New Delhi, a government source told Reuters on Thursday, days after the condom maker's successful public listing

NIIF appoints Rajiv Dhar as interim MD & CEO; Sujoy Bose demits office. State-backed collaborative investment platform doesn't give timeline for making a full-time appointment

Uber launches flight bookings in UK, plans to double down on growth. The introduction of commercial flight bookings is "the latest and most ambitious step" in Uber's strategy, said its UK general manager Andrew Brem

Apple now the only major smartphone brand without a foldable device. With Alphabet Inc.'s Google launching the Pixel Fold at an event Wednesday, every major brand running the Android operating system has now adopted the form factor

FIR against ex-BharatPe MD Ashneer Grover, wife over alleged Rs 81cr fraud. Delhi Police's Economic Offences Wing also books Grover's other relatives on charges of defrauding BharatPe

Disney+ loses 4 million subscribers as fresh layoff round approaches. Entertainment giant The Walt Disney Company's flagship streaming service Disney+ lost four million subscribers in its second quarter that ended April 1

Chemplast Sanmar unit signs deal to manufacture advanced intermediate. Company estimates commercial supplies will start from the fourth quarter of 2023-24

Set for demerger, Sanofi's consumer health brands have strong traction. Company says split will allow it to unlock business potential in pharmaceuticals and consumer healthcare

Hyundai to invest .45 bn in Tamil Nadu for EV production over next 10 yrs. Hyundai, through its Indian subsidiary Hyundai Motor India, will also set up a battery pack assembly unit with an annual capacity of 178,000 units and install 100 EV charging stations across the state

Karthik Balagopalan to replace Abhishek Ganguly as MD of Puma India. Ganguly had been the MD of the company since 2014 and is leaving to pursue 'a career as an entrepreneur in his own venture'

Latest stock market News for tomorrow Access previous news reports: 649650651652653654655656657658659660661662663664665666667

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