NSE share market NEWS tomorrow (28 April, 2023). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (28 April, 2023). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 28 April 2023
Pi Industries was amongst the top gainers, currently trading at 3384.50 in NSE with 16.653 times change in volumes and 10.399% change in price. Other gainers included Indus Towers with 7.007% price change and 2.376 times volumes, Fsn E with 5.735% price change and 1.968 times volumes, Rural Electrification with 5.635% price change and 6.452 times volumes, and Laurus Labs with 5.324% price change and 2.126 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.
Shriram Finance was amongst the top losers, currently trading at 1332.60 in NSE with 2.871 times change in volumes and -5.19% change in price. Other losers included Godrej Consumer with -4.834% price change and 3.077 times volumes, Axis Bank with -2.428% price change and 1.438 times volumes, Crompton Gr with -1.886% price change and 0.811 times volumes, and Gail India with -1.83% price change and 2.312 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.
Biocon Biologics facility gets EU GMP certification for Bevacizumab. Biotechnology major Biocon on Friday said the Bengaluru-based plant of Biocon Biologics has received EU GMP approval for a biosimilar product. Biocon Biologics' facility has received a certificate of GMP compliance for Bevacizumab from the representative E
EaseMyTrip becomes IIFA's official partner, to give complimentary ticket. According to the BSE filing, the complimentary ticket can be only availed by those customers who will be traveling to Abu Dhabi between May 25th and May 27th
Swiggy unveils 'platform fee' of Rs 2 on food orders in monetisation push. Rolled out in phases over last week, the fee is applicable only on food delivery orders at the moment and not on orders on Instamart - the company's quick commerce arm
SBI Card reports surprise Q4 profit growth on higher consumer spending. Profit after tax for the quarter ended March 31 rose 2.7% to Rs 596 crore from the previous year, while analysts had expected decline in profit to Rs 542 crore
Revival plan hits a hurdle: Jet Airways CEO-designate Sanjiv Kapoor quits. He had joined the airline as the Chief Executive Officer in April last year. The source said that Friday was the last working day for Kapoor at the airline
Zuckerberg's net worth rises over bn after results, 2 layoff rounds. Zuckerberg now has a net worth of .3 billion and is the 12th richest person in the world, according to the Bloomberg Billionaires Index
Subsidies corrupt decision-making processes: Bajaj Auto executive director. Some Indian electric vehicle (EV) makers are facing a probe for alleged non-compliance with the standards required to be eligible for FAME-II subsidies because of insufficient domestic value addition
FMCG major Nestle India expects double-digit volume growth this year. FMCG major Nestle India on Friday said there could be a downward revision in prices as the inflationary pressures have started coming down, and expects a double-digit volume growth this year. Nestle India is expanding its retail network in the rural areas
Govt appoints Siddhartha Mohanty as chairman of LIC till June 2024. Appoints Mohanty chairman until June 29, 2024; he'll then take over as MD & CEO
L&T Finance Q4 net up 46% to Rs 501 cr on higher loan sales, margin. Retail-focused non-bank lender L&T Finance Holdings on Friday reported a 46 per cent year-on-year jump in consolidated net income to Rs 501 crore for the March 2023 quarter, boosted by better margins as its high-yielding retail book grew at a faster rate.
Blow to revival plan: Sanjiv Kapoor, CEO-designate of Jet Airways, quits. Jet's air operator certificate was revalidated last May and will lapse on May 19 if it doesn't secure an extension
Taiwanese firm Gogoro eyes India as hub for making electric two-wheelers. The top 50 cities where Gogoro wants to operate account for 25 per cent of all the two wheelers - around 60 million
Nestle plans 10th factory, investing to augment capacity of existing units. FMCG major Nestle India is planning to open a new factory to meet the growing demand here and is scouting for the ideal location, its Chairman & Managing Director Suresh Narayanan said. This would be the tenth factory for Nestle India, which last year anno
See hope in Vi, says Kumar Mangalam Birla after rejoining telco's board. Industrialist Kumar Mangalam Birla on Wednesday said he chose to rejoin the board of the group's struggling telco Vi because he sees "hope" in the business. Birla, who was appointed as an non-independent director on the board of the debt-laden Vodafone Ide
Majority of pilots have accepted new compensation package: Air India. Air India chief Campbell Wilson on Friday said that a majority of pilots have accepted the new compensation package offered last week, amid protests by Air India pilots' unions against the revised salary structure and service conditions. The loss-making ai
SBI Card Q4 net up 3% to Rs 596 cr on rise in finance, operating costs. Impairment losses and bad debts expenses increased by 60 per cent at Rs 630 crore in Q4 against Rs 393 crore in the same period a year ago
Jet Airways revival hits new snag as more employees quit amid uncertainty. In the past week, senior employees, including the company secretary, accountable manager and chief security officer, have quit Jet Airways
Gap between private and public sector wage bills widens in 2022-23. The wage bill of the private sector was 12.7 per cent in the FY22, compared to 11.8 per cent for the public sector
ACC on Hindenburg: Independent review found it in compliance with all laws. Says since matter is sub-judice, financial statements do not carry any adjustments
First time since 2014, Amazon omits India business from earnings call. The change is particularly notable given the high rate of growth of the e-commerce industry in South Asia
Adani Cement pre-pays 0 million Holcim debt, seeks loan extension. Global banks had lent Adani .5 billion to finance the purchase of Holcim Ltd
Indian women more stressed than their global counterparts: Deloitte report. The report also showed that 44 per cent of Indian working women reported experiencing harassment or microaggressions in the workplace over the past year
TV viewership of first 29 IPL matches higher than entire tournament in 2022. There was a 24% jump in the TV viewership of IPL 2023 as compared to IPL 2022
Germany's SAP sees 'phenomenal growth' in India, will increase hiring. Company considering 'specific investment' in the country for sustainability solutions
CSB Bank net profit rises 19% to Rs 156 crore as bad loans decline. Private sector lender CSB Bank on Friday reported 19 per cent rise in net profit at Rs 156 crore for March quarter 2022-23 as bad loans declined. The bank had earned a net profit of Rs 131 crore in the same quarter of previous year. During the quarter, the
Clubhouse lays off over 50% staff: 'We're deeply sorry', say founders. The app was once valued at billion by investors, including Andreessen Horowitz and Tiger Global
Centre appoints Siddhartha Mohanty as chairman of LIC till June 2024. On March 11 Centre had appointed Mohanty as the interim chairperson of the insurance behemoth
Bajaj Auto to boost Chetak's production to 10,000 units a month by June. Bajaj Auto Ltd is ramping up production of its electric scooter Chetak to touch around 10,000 units a month by June, having overcome supply chain constraints as it gradually expands the sales network of the brand, according to a senior company official. Th
Singapore's Wilmar quarterly profit falls 24% on Adani JV stake dilution. Adani Wilmar is a joint venture between Adani Group, chaired by Indian billionaire Gautam Adani, and Wilmar International
UltraTech Q4 net profit falls 36% to Rs 1,670 cr, revenue up 17.7%. Its revenue for operation in FY23 increased 20.23 per cent to Rs 63,239.98 crore against Rs 52,598.83 crore a year ago
After Reliance-Warner deal, JioCinema pricing and local content in focus. Reliance's JioCinema to lock horns with Netflix, Disney; Warner deal to boost English content, local content in focus too
InGovern recommends 'for' vote for Reliance-JioFS spinoff proposal. One big benefit will be unlocking of treasury shares of RIL, says proxy advisory firm
Star Health Insurance earns net profit of Rs 102 cr in March quarter. Star Health and Allied Insurance on Friday reported Rs 102 crore net profit for the fourth quarter ended March 2023. The standalone health insurer had booked a loss of Rs 82 in the January-March quarter of the preceding fiscal. The insurer collected gross
There are no plans to charge subscription for IPL: Viacom18's Anil Jayaraj. 'FIFA for us was quite a landmark. It did well on revenue and viewership'
Zuckerberg's fortune jumps bn on Meta's robust first-quarter sales. Meta shares rose 14% after the earnings report, lifting Zuckerberg's fortune to .3 billion
Reliance Cap lenders to meet on Friday to take call on Hinduja Group bid. Lenders of debt ridden Reliance Capital (RCap) will meet on Friday to take a call on Hinduja Group firm's bid to acquire the financial services firm. IndusInd International Holdings Ltd (IIHL), a Hinduja Group firm, emerged as the highest bidder with an of
SpiceJet to appoint Arun Kashyap as Chief Operating Officer from June 12. No-frills carrier SpiceJet on Thursday announced the appointment of Arun Kashyap as its Chief Operating Officer. Kashyap will be rejoining SpiceJet from Air India where he is the Chief Technical Officer. Earlier, he had served as the Chief Program & Transf
Torrent Power incorporates two wholly-owned subsidiaries TU9, TU13. Torrent Power on Thursday said it has incorporated two wholly-owned subsidiaries -- Torrent Urja 9 Pvt Ltd (TU9) and Torrent Urja 13 Pvt Ltd (TU13) -- for carrying out business in the power sector including renewables. "Company has incorporated a WOS (whol
In a first, Softbank-backed OYO turns cash flow-positive in Q4FY23. The firm expects to report adjusted Ebitda (earnings before interest, taxes, depreciation, and amortisation) of about Rs 800 crore in FY24
Lufthansa to start flights on Munich-Bangalore, Frankfurt-Hyderabad routes. To tap the post-Covid growth opportunities in the Indian aviation market, European airline major Lufthansa on Thursday said it will start flights on Munich-Bangalore and Frankfurt-Hyderabad routes this year. Lufthansa Group, which has been present in the I
Tata Steel signs business cooperation agreement with A&B Global Mining. Tata Steel on Thursday said it has signed an agreement with A&B Global Mining to harness new business development opportunities and deliver mine technical services. The steel major will closely work with ABGM India which will interface with their South Afr
Glenmark Life Sciences profit surges 48% on API boost in March quarter. Revenue from Glenmark Life Sciences's API business, which accounts for about 90% of total revenue, grew 15.5% from last year
IHCL net profit rises four-fold to Rs 339 crore in Q4, total income jumps. Hospitality major IHCL on Thursday reported a four-fold rise in its consolidated net profit in the fourth quarter ended March at Rs 338.84 crore, as against Rs 71.57 crore a year-ago. During the entire financial year of 2022-23, the company swung into a pr
State-owned NTPC arm gets 500 MW renewable energy project from REMCL. State-owned power giant NTPC on Thursday said its arm NTPC Renewable Energy Ltd (NTPCREL) has bagged a 500 MW renewable energy round-the-clock (RE-RTC) project. The work has been awarded by REMCL, which is a joint venture (JV) company of the Ministry of Ra
FMCG brand Dabur to make additional investment of Rs 9.68 bn in Nepal. After signing the MoU, Bedi expressed his happiness for investing a part of the company's accumulated capital in Nepal for capacity enhancement and diversification of products
Tata Group-backed Trent's Q4 revenue jumps as fashion demand rises. Consolidated net profit for the quarter stood at 541.6 million rupees. It posted a profit of 1.6 million rupees a year earlier
Axis Bank reports Rs 5,728-crore loss in Q4 on Citi biz acquisition. Barring the deal, Q4 net profit jumps 61% to Rs 6,625 crore
Easing bilateral rights will help Indian carriers: Lufthansa executive. In order for an airline to operate a scheduled flight between two countries, there must be a "bilateral air services agreement" in place
IRB Infrastructure bags Rs 7,400-crore Hyderabad Outer Ring Road project. It is India's second largest road monetisation asset
IRB Infrastructure bags 158 km-project in Hyderabad for Rs 7,380 cr. IRB Infrastructure Developers on Thursday said it has bagged 158 kilometre-long Hyderabad outer ring road project under the toll-operate-transfer model for Rs 7,380 crore. The Hyderabad Metropolitan Development Authority (HMDA) had invited global competiti
HUL Q4 results: Net profit rises 12.8% to Rs 2,600 crore, revenue up 10.5%. But volumes, top line, and operating performance below expectations
Pharma firm Ipca Labs' plant gets 3 observations from US drugs regulator. The observations were followed by the USFDA inspection at the site from April 18 to April 26
SBI raises 0 mn through bonds to fund offshore business growth. State Bank of India (SBI) on Thursday said it has raised USD 750 million through bonds to fund offshore business growth. The country's biggest lender has concluded the issue of USD 750 million senior unsecured fixed rate notes having maturity of 5 years an
Axis Bank reports Rs 5,361 cr loss in Q4 on Citi acquisition payout. Axis Bank reported a Rs 5,361 crore loss on a consolidated basis for the January-March period against a net profit of Rs 4,417 crore a year ago, impacted by the Rs 12,490 crore payout towards the Citi acquisition. On a standalone basis, the third largest p
Arihant Capital settle case with Sebi, pays Rs 17 lakh as settlement charge. Arihant Capital Markets has settled with Sebi a case pertaining to alleged violation of broker and intermediaries norms. Arihant Capital Markets paid over Rs 17 lakh as settlement charges to the regulator. The order came after Arihant Capital proposed to s
ACC net profit declines 41% to Rs 236 cr in January-March quarter. Cement maker ACC Ltd on Thursday reported a decline of 40.53 per cent in its consolidated net profit at Rs 235.66 crore for the quarter ended March 2023. The company had posted a profit of Rs 396.33 crore in the January-March quarter a year ago, said ACC,
Vice media cancels flagship show amid layoffs and company restructure. The news departments at Vice Media will be significantly impacted by the restructure
PNB to infuse Rs 72.82 cr in its Bhutan subsidiary Druk via rights issue. State-owned Punjab National Bank on Thursday said it proposed to infuse Rs 72.82 crore in its Bhutan subsidiary Druk PNB Bank Ltd via a rights issue. The board has approved participation in the proposed rights issue of Druk PNB Bank Ltd (DPNBL), an oversea
Shriram Finance consolidated net rises 18% to Rs 1,288 crore in Q4. The non-banking finance company's total assets under management stood at Rs 1.86 trillion by the end of March 31
Cloud storage giant Dropbox sacks 500 employees amid slowing growth. In January 2021, Dropbox had laid off 315 employees amid the Covid-19 pandemic
Long-range Airbus jets will put India within reach, says Wizz Air. Wizz Air has 47 of the long-range Airbus A321 XLR on order, with deliveries set to start sometime in 2024
Google took action against 3,500 personal loan apps in 2022 in India. Globally, Google prevented 1.43 million policy-violating apps from being published on Google Play
Razorpay joins hands with ONDC to offer payment reconciliation service. With this, the Tiger Global-backed firm has become the first payment gateway to launch a Payment Reconciliation Service for Network Participants like buyers, sellers, and logistic partners on ONDC
Airtel's 5G service reaches 3,000 cities, Jio 5G in 3089 urban areas. For easy transition from 4G to 5G, Airtel has tuned all the current Airtel 4G SIMS to be 5G compatible
ACC Q4 results: Profit falls 40% due to high energy costs, revenue up 8.1%. The revenue was up 8.1 per cent to Rs 4,790 crore year-on year basis. Total costs was Rs 4,510 crore , up 13.9 per cent due to high energy costs
Wipro Q4 profit declines 0.41% to Rs 3,074.5 cr, revenue rises 14.4%. Net profit for the full year FY23 dipped 7.16 per cent to Rs 11,366.50 crore
Need for business insurance leads to 'Policybazaar of Business' programme. Business Insurance penetration in India at merely 15%
Chola Fin raises Rs 1,000 crore through maiden public bond offering. The offering was oversubscribed 5.17 times the base issue (Rs 500 crore) on the final day of the issue
Co-living operator Settl. to double its bed strength to 5,000 by FY24-end. Settl. already has 7 operational co-living properties with approximately 700 beds in Gurugram
JTL Industries net profit doubles to Rs 36.65 cr in Jan-Mar quarter. Steel pipes maker JTL Industries Ltd has posted a Rs 36.65 crore consolidated net profit during the fourth quarter of financial year 2022-23, on account of higher income. At Rs 36.65 crore, the net profit was almost double of Rs 18.94 crore during the Janu
Coming Soon on JioCinema app: Hollywood content from Warner Bros, HBO. "It's a deep exclusive arrangement which will make JioCinema the house of Warner, HBO in India," said the report
VC firm Burda Investments may sue ex-Zilingo CEO Ankiti Bose: Details here. Burda has clarified that action against Ankiti Bose is a result of the joint decision by all investors and not led by any single investor as claimed by her
Swiggy partners 'Apna' to create 10K jobs for Instamart this year. Industry reports estimate that the delivery workforce will be around 23.5 million by 2029-30
Coforge Q4 net profit drops 45%; full year revenue crosses bn mark. Coforge said it expects full-year revenue growth of 13% to 16% in constant currency terms
Trials for Coal India's in-house e-auction platform to begin in May. Trials for Coal India's in-house e-auction platform will begin in May, a senior official said on Thursday. At present, the e-auctions are conducted through external agencies such as MSTC Ltd and mjunction Ltd. Within the next three-four months, all e-aucti
Godrej Consumer Products to acquire Raymond group's consumer business. FMCG Godrej Consumer Products Ltd (GCPL) is going to acquire the FMCG business from the diversified group Raymond, which includes Park Avenue and KamaSutra brands, industry sources said on Thursday. The deal will strengthen the portfolio of the Godrej Grou
IOCL petrol pumps to sell vehicle batteries in new marketing push. IOCL's 'tyre battery accessories' marketing concept aims to make its 36,000 pumps one stop shop for vehicle owners.
Razorpay launches payment reconciliation for buyers, sellers on ONDC. Razorpay is building its capabilities toward solving all things payments and business banking for over 10 million businesses, making it the go-to platform
After IPL, JioCinema now lands a deal to stream Warner Bros, HBO content. The content deal could bring in thousands of hours of streaming content onto JioCinema, which has become popular for streaming IPL for free
Hindustan Unilever's earnings margin shrinks after increased commodity cost. HUL shares fell about 2%, taking their total declines this year to nearly 4%
Swiggy partners with apna to hire 10,000 gig workers from tier 2, 3 cities. Online food delivery platform Swiggy has partnered with jobs and professional networking company apna to create 10,000 hyperlocal opportunities for its quick commerce grocery service -- Instamart -- in 2023. With this, the company is aiming to strengthen i
Bajaj Finserv net profit rises 31%, announces dividend of Rs 0.8 per share. Bajaj Finserv's total income during the quarter rose 25 per cent to Rs 18,862 crore as compared to Rs 23,625 crore last year
Suzlon bags order for 39-MW wind energy project from First Energy. Renewable energy solution provider Suzlon on Thursday announced that it has bagged a 39-MW wind power project from Thermax Group company First Energy. This order is part of a 100-MW wind-solar hybrid project by First Energy 5 Pvt Ltd, a company statement s
Axis Bank reports wider-than-expected Q4 loss on .41 bn Citi deal. Axis reported a loss of Rs 5,728 crore (0.1 million) for the three months ended March 31, compared to a profit of Rs 4,118 crore a year earlier
Tech Mahindra Q4 results: PAT drops 26% YoY, dividend at Rs 32/share. The company reported increase in revenue by 19.4 per cent
Wipro Q4 net profit dips 0.4% to Rs 3,074.5 crore; revenue rises 11.7%. The IT major also approved a share buyback for 2.69 crore shares at Rs 445 per share
Wipro to buy back Rs 12,000 cr worth of shares at 19% premium. IT services firm initiated a similar programme in 2020 worth Rs 9,500 crore
Godrej buys Raymond's consumer products business for Rs 2,825 cr. Business being sold along with the trademarks of Park Avenue, KamaSutra and Premium
Air India, Sabre Corporation sign multi-year deal for global travel access. This long-term global distribution partnership will support Air India's ambitious growth plans, said Air India's Chief Commercial & Transformation Officer
OYO turns cash flow positive for first time in March quarter: Reports. Hospitality tech firm OYO turned cash flow positive for the first time in the fourth quarter of FY2023. The company's Founder & Group CEO Ritesh Agarwal shared the update with OYO employees addressing a townhall virtually on Thursday, sources told PTI. The
Vedanta chief makes zero debt pledge, says very comfortable servicing debt. Mining mogul Anil Agarwal has said his Vedanta group has ample cash flow to service all its debt repayment obligations and that it aims to become a "net zero debt company" in 2-3 years. Agarwal said questions over Vedanta's debt servicing ability are "abso
Vibrant Energy appoints Anirban Das as its Chief Investment Officer. Renewable energy solutions provider Vibrant Energy on Thursday announced the appointment of Anirban Das as its Chief Investment Officer. Vibrant Energy has announced the appointment of Anirban Das as the Chief Investment Officer (CIO) of the company, a sta
LTIMindtree Q4 results: PAT up 0.5% YoY, dividend at Rs 40 per share. Revenue up by 11.9% Y-o-Y at Rs 8,691 cr
Thanks to funding crunch, India has not seen a new unicorn in over 6 months. This is the longest drought since August 2016 when it took 17 months for India to come up with a new unicorn
Reliance Consumer, udaan partners for distribution of Campa beverages. B2B e-commerce company udaan on Thursday said it has entered into a partnership with Reliance Consumer Products for pan-India distribution of beverage brand Campa's range of products. RCPL's (Reliance Consumer Products Ltd) range of Campa beverages will be
IT firm Coforge FY23 revenue up 24.6% at Rs 8,014.6 cr, profit grows 4.6%. Noida-based company's board recommended an interim dividend of Rs 19 per share
Co-living operator Settl. to open 4 new centres in Gurugram by next month. Co-living operator Settl. will soon open four new centres, with a total capacity of about 300 beds, in Gurugram to cater to the rising demand of rental accommodations from working professionals. Settl. already has seven operational co-living properties wit
Ice-cream brand Baskin Robbins looks at 20% growth in India in FY24. Premium ice-cream brand Baskin Robbins is looking at a 20 per cent growth in India in the 2023-24 financial year, a company official said. Mohit Khattar, the CEO of Graviss Foods, which is the master franchise for Baskin Robbins in South Asia, said the com
Amazon lays off employees in Cloud computing, HR units in fresh wave. The layoffs are part of the previously announced job cuts that would affect 9,000 employees. In the first job cut round, Amazon slashed approximately 18,000 roles
Tech Mahindra Q4 net profit down 27% YoY as clients cut spending. Attrition for quarter reduces to 15% from 24% last year, says company
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