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NSE share market NEWS tomorrow (08 May, 2023). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (08 May, 2023). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 08 May 2023

Marico was amongst the top gainers, currently trading at 530.70 in NSE with 10.322 times change in volumes and 7.516% change in price. Other gainers included Manappuram Finance with 5.116% price change and 0.439 times volumes, Bse with 5.048% price change and 2.467 times volumes, Indusind Bank with 4.943% price change and 0.795 times volumes, and One 97 with 4.88% price change and 2.544 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.

Bank India was amongst the top losers, currently trading at 81.15 in NSE with 1.495 times change in volumes and -5.858% change in price. Other losers included Ncc with -5.046% price change and 1.98 times volumes, Indian Bank with -5.002% price change and 4.872 times volumes, Rail Vikas with -4.695% price change and 0.608 times volumes, and Kfin Technologies with -3.59% price change and 0.892 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.

Aditya Birla Capital to consider raising of funds; board meeting on May 11. The board of directors will also consider and approve the audited standalone and consolidated financial results of the company

Air India extends voluntary retirement offer for employees till May 31. Air India extended a voluntary retirement offer for its non-flying staff till May 31. This is the third such offer by the group after it took control of the airline in January last year

Go Airlines gets portion of aircraft hull insurance premium from insurers. With 50 per cent of its fleet grounded due to the problems with Pratt & Whitney engines, the Wadia group's low cost Go Airlines (India) got a portion of its aircraft hull insurance premium from its insurers, said a top official.

Go First airline asks NCLT to pass urgent order on insolvency plea. Lessors have moved application to repossess aircraft during legal proceedings, says company's lawyer

NLC India board approves raising up to Rs 5,000 crore through bonds. The company's board has also approved a proposal for the incorporation of a wholly-owned subsidiary company to take over the existing renewable assets

Switzerland' Logitech appointments Anand Lakshmanan as its India Head. Switzerland-based tech firm Logitech on Monday announced the appointment of Anand Lakshmanan as its India Head.

Servotech Power Systems' Q4 profit jumps multi-fold to Rs 6 crore. Clean energy solution provider Servotech Power Systems on Monday posted multi-fold jump in consolidated net profit to Rs 6.05 crore for March quarter 2022-23 on the back of higher revenues. In the year-ago period, it logged a profit of Rs 1.3 crore, a comp

Coal India Ltd shares slumps nearly 2% as Q4 profit drops to 17.7%. Shares of Coal India Ltd ended nearly 2 per cent lower on Monday after the company reported a 17.7 per cent drop in its March quarter net profit. The stock dipped 1.87 per cent to settle at Rs 232.90 apiece on the BSE. During the day, it declined 3 per cen

Betterhalf plans to hire 100 employees, strengthen leadership team. Matrimony super app Betterhalf on Monday said it will expand the leadership team and increase the current headcount of 150 employees to 250

Physics Wallah to invest Rs 100 cr in a bid to boost UPSC test preparation. Ed-tech platform Physics Wallah said it plans to invest Rs 100 crore towards strengthening its UPSC vertical, and launched the first centre for for UPSC test preparation in Rajinder Nagar area here

Adani Group gets financial support from three Japanese banks: Report. Adani Group companies are planning to execute large-scale projects across infrastructure and utility space, and need cash flows for these

Easy Trip Planners in-principally approves acquisition of certain entities. The board also approved the appointment of legal advisers, merchant bankers, tax consultants, and other professionals

Kalpataru net profit up by nearly 22% at Rs 140 cr in March quarter. Kalpataru Power Transmission on Monday posted a nearly 22 per cent rise in consolidated net profit to Rs 140 crore for the March 2023 quarter, mainly on the back of higher revenues. It had reported a consolidated net profit of Rs 115 crore in the year-ago

Canara Bank consolidated net profit jumps 74% to Rs 3,337 cr in March qtr. State-owned Canara Bank on Monday reported a 74 per cent jump in March quarter consolidated net profit to Rs 3,336.51 crore, helped by higher core income and lower provisions. The Bengaluru-based lender had reported a net profit of Rs 1,918.80 crore in the

JB Chemicals & Pharmaceuticals to consider sub-division of equity shares. A final decision on this will be taken during the board meeting to be held on 24 May 2023

Indian Bank logs Rs 5,281 cr net profit, plans to raise Rs 7,000 cr funds. Indian Bank closed FY23 with a net profit of Rs 5,281.70 crore and plans to raise about Rs 7,000 crore through equity and bond issues.

Pidilite Industries Q4 results: Net profit rises 11% to Rs 283 crore. The company's board of directors recommended a dividend of Rs 11 per share

VIP Industries posts net loss of Rs 4.26 crore in Q4; revenue up 26.6%. Luggage maker VIP Industries Ltd on Monday reported a consolidated net loss of 4.26 crore for the fourth quarter ended March 2023, impacted by an exceptional loss. The company had posted a net profit of Rs 12.39 crore in the January-March quarter a year ag

US investment firm Invesco slashes Swiggy valuation to .5 billion. This is the second time Invesco has trimmed the valuation of Swiggy, which is backed by SoftBank and Prosus

MF transfer agency CAMS profit marginally rises to Rs 75 crore in Q4FY23. Registrar and transfer agent for mutual funds CAMS on Monday reported a marginal rise in profit after tax to Rs 74.61 crore for the three months ended March. In comparison, the company had posted a profit after tax of Rs 73.84 crore in the same quarter of

Kansai Nerolac Paints Q4 net profit jumps five-fold to Rs 96 crore. Kansai Nerolac Paints Ltd on Monday reported over five-fold growth in its consolidated net profit to Rs 96.24 crore for the fourth quarter ended March 2023. The company had posted a consolidated net profit of Rs 19.17 crore in the January-March period a ye

ADF Foods' net profit increases by 72% to Rs 20 cr in March quarter. FMCG company ADF Foods Ltd on Monday reported a 72 per cent rise in its standalone profit after tax to Rs 20.30 crore for the March 2023 quarter on account of higher revenues. It had reported a PAT of Rs 11.80 crore for the year-ago quarter, the company sa

HFCL consolidated net profit rises 15.5% Y-oY to Rs 79 cr in March quarter. Telecom gear maker HFCL on Monday reported about 15.5 per cent year-on-year rise in consolidated net profit to about Rs 79 crore in the March quarter. Its net profit stood at about Rs 68 crore in the year-ago period. The company's revenue rose 21.13 per ce

Nexus Select Trust raises nearly Rs 1,440 crore from anchor investors. Blackstone-sponsored Nexus Select Trust, which will hit the capital market on Tuesday, has raised Rs 1,440 crore from anchor investors. Nexus Select Trust will launch India's first REIT (Real Estate Investment Trust) Initial Public Offer (IPO) backed by re

Three entities of SAIL supply special desired grade steel for Central Vista. Recently, the steel melting shop 2 of BSP fulfilled the requirement of Alloy Steel Plant by casting special grade blooms for use in the automobile sector

NCLT sends notice to SpiceJet on lessor's insolvency plea, seeks reply. A two-member Principal bench of President Ramalingam Sudhakar and Member Avinash K Srivastava issued a notice to Spicejet to file their reply

Oyo may log positive Ebitda of -55 million this FY, says Moody's. Moody's said it could downgrade the ratings if OYO's cash burn does not "reduce significantly" over the next 12-18 months

JP Morgan ordered to pay Frank founder Javice's lawyers while they sue her. The ruling likely also covers Javice's defense to criminal fraud charges brought by federal prosecutors over the disputed deal

Now lessors seek deregistration of additional 13 Go First planes. Go First which filed insolvency application has a fleet of 54 Airbus aircraft. Half of them have been grounded for months due to engine problems

Carborundum Universal reports profit more than double to Rs 137 cr in Q4. On a consolidated basis, profitability for the year recorded a strong growth across electrominerals and ceramics segments

As Apple slows down hiring, Tim Cook says mass layoffs are 'last resort'. Apple services set an all-time record with .9 billion in the March quarter

Early stage VC firm 3one4 Capital closes its fourth fund at 0 mn. Company invests in SaaS, fintech, digital health and climate technology; has over Rs 6,000 cr in AUM

Vardhman Textiles' net profit up 52% QoQ; declares Rs 3.5 dividend a share. The company reported a net profit of Rs 749 crore for the financial year 2022-23 (FY23) on a standalone basis

Go Airlines asks firms's tribunal to urgently pass order on bankruptcy plea. Go Airlines asked country's company law tribunal to urgently pass an order on its insolvency plea, citing lessors' efforts to take back planes, per the court hearing

Canara Bank net profit up over 90% to Rs 3,175 cr in Jan-Mar quarter. State-owned Canara Bank on Monday reported a nearly doubling of net profit on standalone basis to Rs 3,174.74 crore for the quarter ended March 2023 on the back of higher interest income. The bank's profit in the January-March quarter of 2021-22 was Rs 1,6

A P&W story: From giving wings to aviation in India to Go First grounding. The celebrated engine-maker has landed in a controversy with Go First blaming it for its bankruptcy

CG Power and Industrial Solutions' Q4 profit after tax rises to Rs 428 cr. CG Power and Industrial Solutions on Monday said its consolidated profit after tax (PAT) rose multi-fold to Rs 428.22 crore in March quarter 2022-23 on account of increased income. It had reported a PAT of Rs 111.65 crore for the year-ago quarter, the comp

Big catching up to do for new players, looking beyond metros: Barista CEO. Unfazed by the growing competition from new players as well as international chains, coffee house Barista is now looking beyond metro cities to expand its footprint and drive growth, according to its CEO Rajat Agrawal. From coffee giants Tim Hortons, Tata

General Atlantic to deploy up to bn in new investments in India. The private equity firm manages about billion of assets globally

UPL's profit declines by 42% in March quarter as raw material costs surge. The Mumbai-based company's revenue from operations rose 4.5% to 165.69 billion rupees, with its Latin American operations raking in about 39% of the total revenue

NCLT issues notice to SpiceJet on aircraft lessor's bankruptcy petition. The National Company Law Tribunal on Monday issued a notice to SpiceJet on a petition filed by an aircraft lessor seeking initiation of insolvency resolution proceedings against the budget carrier and the next hearing is scheduled for May 17. The petition

Automotive firm Stellantis India names Aditya Jairaj as Deputy MD. Global automotive group Stellantis on Monday said it has appointed Aditya Jairaj as the Deputy Managing Director with effect from May 4. Jairaj will also lead the Jeep brand's operations in the country. Stellantis India CEO & Managing Director Roland Bouch

Brookfield weighing stake sale in Indian tower business, says report. Brookfield and its institutional partners completed their acquisition of the telecom tower unit of billionaire Mukesh Ambani's Reliance Industries Ltd. for about .4 billion in 2020

Exide posts Rs 181 crore Q4 net profit; revenue at Rs 3,677 crore. Battery maker Exide Industries on Monday posted a consolidated net profit of Rs 181 crore for the fourth quarter ended March 31, 2023. The company had logged a net profit of Rs 3,953 crore in the year-ago period, boosted by one-time income on account of sa

Essar Oil & Gas invests in microbial eCBM technology to boost CBM output. Essar Oil and Gas Exploration and Production Ltd (EOGEPL) on Monday announced an investment in microbial eCBM technology to boost coal-bed methane (CBM) production from its CBM block in West Bengal. The company, which has so far invested Rs 5,000 crore in

Indian Bank's Q4 profit up 47% to Rs 1,447 cr, driven by fall in bad loan. State-owned Indian Bank on Monday reported a 47 per cent rise in net profit to Rs 1,447 crore for the March quarter, helped by a decline in bad loans and a rise in interest income. The bank had earned a net profit of Rs 984 crore in the year-ago period. Du

First C295 for India completes maiden flight: All you need to know. India acquired 56 C295 aircraft in September 2021 to replace the (IAF) legacy AVRO fleet

Greenply Industries to enter into a joint venture agreement with Samet BV. The company to invest around Rs 34 crore in joint venture over the next 4 years

Edtech firm Cuemath lays off 100 employees; founder returns as CEO. Edtech companies laying off employees to conserve cash and focus on profitability

Indian Bank Q4 net profit up 48% to Rs 1,520 crore as NII rises 29%. Board recommends dividend of Rs 8.60 per equity share, clears plan to raise equity capital

Exide profit at Rs 180.12 cr in Q4 FY23, number below analyst expectation. Increase in raw material prices hurt profitability on a sequential basis, says battery maker

Birla Estates buys 28.6-acre land in K'taka for project worth Rs 3,000 cr. Birla Estates on Monday said it has acquired 28.6-acre land in Bengaluru to develop a housing project with an estimated sales potential of Rs 3,000 crore. In a regulatory filing, Century Textiles and Industries Ltd said its arm Birla Estates Pvt Ltd has pu

MakeMyTrip brings generative AI for travel bookings, ties up with Microsoft. MakeMyTrip plans to expand the platform to other Indian languages, such as Bhojpuri and various southern dialects, in the near future

DGCA issues notice to Go First, asks airline to stop selling tickets. 'Why not cancel your licence?' regulator asks Go First which has filed for insolvency

JSW Steel to consider raising of long-term funds; board meeting on 19 May. The board will also consider the recommendation of payment of dividends on the equity shares

Slowly but surely, mutual funds warm up to investment in REITs, InvITs. Exposure up sevenfold in three years to Rs 5,200 cr

As Indian carriers rake up hiring, Go First insists on notice period. Announcing that the company is planning to revive shortly, CEO Kaushik Khona said, pilots will have to serve the six-month notice period

Govt may soon invite financial bids for selling 26% in defence PSU BEML. The government may soon invite financial bids for strategic sale of defence PSU BEML after its non-core business got listed on the bourses last month. In January 2021, the government invited preliminary bids for selling 26 per cent stake in BEML along with

Godrej Properties aims to sell record Rs 14,000 cr in FY24: Pirojsha Godrej. Godrej Properties expects 14 per cent growth in sale bookings this fiscal to a record Rs 14,000 crore on strong housing demand, a top company official said. In an interview with PTI, Godrej Executive Chairman Pirojsha Godrej highlighted that the company's

From Amazon, JP Morgan to KPMG, India Inc is hiring defence veterans. Here's why companies like Amazon, JP Morgan, KPMG and Goldman Sachs are increasingly hiring defence veterans

CEAT's int'l biz, replacement market to see better growth: VC Anant Goenka. Tyre maker CEAT expects recovery in its international business and replacement market, which are more profitable segments, going forward, according to company Vice Chairman Anant Goenka. With raw material prices remaining stable, the company is expecting "

Co-working firm Smartworks leases 0.5 mn sq ft space in Gurugram, Noida. Co-working firm Smartworks has taken on lease 5.3 lakh square feet office space in Noida and Gurugram to cater to rising demand of flexible work space from corporates. Founded by Neetish Sarda and Harsh Binani, Smartworks provides managed office space to e

Will be compliant with the new data protection laws: Truecaller CEO. As Swedish caller identification app Truecaller touched 250 million active users milestone in India, CEO and co-founder Alan Mamedi believes there is still a lot of headroom for growth here, and does not anticipate any changes in how its "privacy-focused,

Coal India Q4 profit drops 18% on wage bill; record net profit in FY23. Coal India Ltd, the world's largest coal miner, on Sunday reported 17.7 per cent drop in its March quarter net profit on higher provision made for wage revision of employees. Consolidated net profit of Rs 5,527.62 crore, or Rs 8.98 per share, in January-Ma

Big catching up for new players: Barista CEO Agarwal on growing competition. Unfazed by the growing competition from new players as well as international chains, coffee house Barista is now looking beyond metro cities for expanding its footprint and drive growth, according to its CEO Rajat Agarwal. From coffee giants Tim Hortons, T

PTC India inks agreement for 115 MW power supply from VS Lignite Power. Power trading solution provider PTC India has inked a long-term power purchase agreement with VS Lignite Power for 115 MW of electricity supply. PTC India executed a long-term power purchase agreement (PPA) for 115 MW with VS Lignite Power Pvt. Ltd, a comp

Grounded Go Air can fly in a week if planes not seized: CEO Kaushik Khona. Go Air - now re-branded as Go First - filed for insolvency protection on Tuesday after half of its Airbus SE A320neo fleet were grounded with engine snags

Coal India net profit rises 62% to record Rs 28,125 crore in FY23. Q4 profit slips marginally, Board declares Rs 4 per share dividend

India to become export hub for Skoda Auto from next year, says co official. Czech car maker Skoda Auto has said India will become an export hub for the company as it is set to commence exports of vehicle kits for assembly in Vietnam from next year. The company, which posted a whopping 125 per cent year-on-year surge in its vehicle

Paradip Port eyes top spot among major ports, aims at 150 mt cargo handling. In a bid to conquer the top spot among major ports of the country, Paradip Port Trust is aiming at 150 million tonne of cargo handling this fiscal and implementing a strategy to raise its capacity to 500 mt by 2047, its chairman P L Haranadh said on Sunday

Adani's Mundra port cargo adds Rs 80,732 crore to Customs' coffers. As per company officials, with the rising traffic at the port, the customs department is targeting to earn Rs 1.15 trillion by the end of the ongoing financial year

Avighna Group to invest Rs 1,000 crore to develop towers in Mumbai. The two projects will be funded through internal accruals, without seeking any external borrowings or institutional funding, the company said in a statement

ED acting on 'malafide' FIR related to 10-yr-old case: Manappuram Finance. He also clarified that the total value of shares attached by ED is worth approximately Rs 2,000 crore, not around Rs 140 crore as stated

MSCI to lower free float of two Adani companies in its May index review. MSCI now sees the Adani Total Gas' free float at 14% and Adani Transmission at 10%, from 25%

Paytm boosts merchant payments leadership, GMV grows 34% in April. The merchant gross merchandise value (GMV) for the month grew 34 per cent to 1.27 lakh crore (.6 billion)

TVS Credit to focus on enhancing leveraging data, technology for experience. Non-banking finance company TVS Credit Services Ltd would emphasize on enhancing customer experience, leveraging data and technology, a top official has said. The company has reported 76 per cent rise in its net profit for the quarter ending March 31, 2023

ASAP Kerala enters agreement with US based tax agency to employ EA students. : The state-run ASAP Kerala has entered into an agreement with US-based tax services company H&R Block to ensure employment for those who complete the Enrolled Agent (EA) course, introduced for the first time in the state. The Additional Skill Acquisition

Rane Engine Valve reports 24.7% to Rs 136.50 crore rise in Q4 revenue. Rane Engine Valve Ltd has reported a net profit at Rs 4.9 crore for the fourth quarter ending March 31, 2023, the company said on Saturday. Total revenue during the quarter under review surged by 24.7 per cent to Rs 136.50 crore from Rs 109.50 crore regist

Vedanta resources repays 0 million loans to Standard Chartered. The company had paid all loans and bonds due last month, cutting its gross debt to .8 billion, it said in a statement in April

Adani Power Q4 profit grows 13% Rs 5,242 cr on lower finance cost. Adani Power Ltd (APL) has posted around 13 per cent jump in consolidated net profit at Rs 5,242 crore for March quarter 2022-23. The company had clocked Rs 4,645 crore net profit in January-March 2021-22, it said in a statement Friday. "Consolidated PAT (p

Temasek considers investing 0 million in jeweller BlueStone: Report. The potential deal could boost BlueStone's plans to expand aggressively in India, the second-largest jewellery consuming nation behind China, as demand surges after the pandemic

Union Bank's Q4 net rises 93.3% to Rs 2,782 cr on healthy growth in NII. The board of directors has recommended a dividend of Rs 3.0 per share (Rs 10 each) for FY23, subject to shareholders' approval, the Mumbai-based lender informed BSE

JSW Energy, SECI sign agreement for 300 MW wind power projects. JSW Energy has signed a power purchase agreement with Solar Energy Corporation of India Ltd (SECI) for wind projects totalling 300 MW. The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 2.94 per kilowatt (KWh), JSW Energy sa

Bank of India Q4 net more than doubles to Rs 1,350 cr on improvement in NII. BOI's capital adequacy ratio stood at 16.28 per cent with the Common Equity Tier of 13.6 per cent at the end of March

Q1 profits jump to .5 bn at Buffett's Berkshire ahead of annual meeting. Warren Buffett's company said its first-quarter profits soared along with the paper value of its investment portfolio giving the thousands of shareholders who will fill an arena Saturday to listen to the billionaire and several other top executives at the

OECD CPI falls to 7.7% in March 2023, as energy inflation continues to drop. Energy prices declined by 0.9 percentage point in March. Food inflation and inflation less food less energy increased slightly

ABFRL to acquire controlling stake in TCNS Clothing for Rs 1,650 crore. Kumar Mangalam Birla, chairman, Aditya Birla Group, said in the release, "This deal is yet another marker of the Aditya Birla Group's faith in the dynamism and buoyancy of the Indian consumer economy"

Adani Power Q4 results: Net profit rises 12.9% to Rs 5,242 crore. Consolidated total revenue higher by 35.8 per cent at Rs 43,041 crore in FY23 against Rs 31,686 crore in FY22

Homegrown edtech startup Teachmint lays off over 70 employees: Report. Led by edtech startups, over 25,000 employees have been laid off by nearly 100 startups in India including BYJU'S, Unacademy and Vedantu

Sundaram Fasteners registers Rs 5,000 crore consolidated revenue in FY23. Auto-components manufacturer Sundaram Fasteners on Friday announced crossing consolidated revenue of Rs 5,000 crore and a net profit of Rs 500 crore for the financial year ended March 31, 2023. Its domestic and overseas subsidiaries have registered a good

Blue Dart Express net profit falls 49% to Rs 69 crore in March quarter. Its total income rose to Rs 1,225.22 crore from Rs 1,169.52 crore in the January-March period of FY22

Olectra Greentech net profit rises 52% to Rs 27 cr in March quarter. Electric bus manufacturer Olectra Greentech posted a 52 per cent rise in its consolidated net profit to Rs 27.01 crore in the March quarter, mainly on the back of higher revenues. "The consolidated net profit for Q4 FY23 (January to March 2023) was Rs 27.0

Piramal Enterprises loss widens to Rs 196 cr on dip in Shriram investment. Non-bank lender Piramal Enterprises on Friday reported a widening of loss to Rs 196 crore from the year-ago period's Rs 42 crore, driven by a dip in the value of its investments in Shriram Group. The company's chief executive Jairam Sridharan told reporter

Equitas Small Finance Bank Q4 results: Net profit rises 58% to Rs 190 crore. Equitas Small Finance Bank board approves dividend of Rs 1 per share

KFin Technologies' profit rises to Rs 196 crore, revenue up 13% in FY23. For the fourth quarter (Q4), the revenues from operations stood at Rs 183 crore, up 1.3 per cent year-on-year

Manappuram Finance faces reputational risk amid probe, says S&P. May impact investor confidence, Stock tanks 11.45% on BSE

India Inc prepares for a tough road to evolving standards, ESG compliance. Firms will have to meet two different standards - domestic and global, say experts

NCLT to hear two insolvency petitions filed against Go First on May 8. As Go First awaits the NCLT ruling on its voluntary insolvency resolution plea, the tribunal is set to hear on Monday two petitions seeking insolvency proceedings against the crisis-hit airline. With liabilities of Rs 11,463 crore and a financial crunch, t

Go First extends flight cancellations till May 12, awaits NCLT's order. The extension comes as the National Company Law Tribunal reserved its order on Go First's plea for an interim moratorium

Paytm Q4 results: Revenue rises 51%, loss narrows to Rs 168 crore. The company's payments services revenue grew by 41 per cent to Rs 1,467 crore in Q4FY23

Latest stock market News for tomorrow Access previous news reports: 653654655656657658659660661662663664665666667668669670671

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