NSE share market NEWS tomorrow (13 February, 2023). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (13 February, 2023). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 13 February 2023
Oil India was amongst the top gainers, currently trading at 241.00 in NSE with 11.471 times change in volumes and 7.806% change in price. Other gainers included Kaynes Technology with 7.168% price change and 1.465 times volumes, Glenmark Pharmaceuticals with 5.544% price change and 9.32 times volumes, National Aluminium with 2.868% price change and 2.129 times volumes, and Pg Electroplast with 2.748% price change and 0.676 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.
Info Edge was amongst the top losers, currently trading at 3463.85 in NSE with 11.284 times change in volumes and -9.176% change in price. Other losers included Lupin with -8.411% price change and 1.631 times volumes, Adani Enterprises with -7.001% price change and 1.077 times volumes, Coforge with -6.969% price change and 36.702 times volumes, and Kalyan Jewellers with -5.279% price change and 1.833 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.
Debt-ridden Jaypee Infratech Dec quarter net loss widens to Rs 601 crore. Debt-ridden Jaypee Infratech Ltd, which is undergoing insolvency resolution, on Monday reported widening of its consolidated net loss to Rs 601.24 crore for the third quarter of this fiscal. Its net loss at stood Rs 540.03 crore in the year-ago period. Tot
Japan's NTT says planning Rs 2,000 cr investment in Bengal data centres. Company has committed investing billion in India, plans more data centres
YES Bank moves SC against Bombay HC ruling on AT1 bond write-off. The HC had given the bank six weeks' time to challenge the order in the apex court
Zee Entertainment Dec quarter profit plummets 92% as ad spends shrink. Zee Entertainment Enterprises reported a 92% slump in quarterly profit, hurt by shrinking advertisement spending and a rise in expenses
Power Finance Corporation net profit rises 7% to Rs 5,241 cr in Dec quarter. State-owned Power Finance Corporation (PFC) on Monday posted a 7 per cent rise in its consolidated net profit at Rs 5,241.10 crore in the December quarter, mainly on the back of higher revenues. The consolidated net profit of the company was Rs 4,893.91 cr
Boeing plans new logistics centre in India amid major aircraft order. Boeing Co plans to invest about million in India to set up a logistics centre for airplane parts
M&A deals jump by 40% to 3 bn in 2022, aided by bn HDFC merger. The USD 57-billion HDFC-HDFC Bank deal helped the overall merger and acquisition activity in the country rise by 40 per cent to reach USD 163 billion in 2022, a report said on Monday. Strategic deals like the one involving the HDFC twins accounted for a bu
Nykaa Dec quarter profit plunges 71% to Rs 8.48 crore; revenue rises 33%. Beauty and fashion firm FSN E-Commerce Ventures, which operates under the Nykaa brand, posted a 70.75 per cent drop in consolidated profit to Rs 8.48 crore for the third quarter ended December, mainly on account of investment in retail stores. The company
Hindenburg row: Adani group reassures investors as stocks plunge further. Says business plans "fully funded" after reports about revenue target cut and capex halt
Kalanithi Maran can encash Rs 270 cr bank guarantee in SpiceJet dispute: SC. Court orders SpiceJet to deposit Rs 75 cr in drawn-out dispute over airline's acquisition
Velocity launches India's first ChatGPT-powered AI chatbot 'Lexi'. Homegrown financial technology firm Velocity on Monday launched India's first AI chatbot integrated with OpenAI's ChatGPT, called "Lexi".
NLC India reports consolidated loss at Rs 396 crore in December quarter. NLC India Ltd on Monday reported a consolidated loss of Rs 396.35 crore for the quarter ended on December 31, 2022. The company had posted a consolidated profit of Rs 229.88 crore in the corresponding quarter of previous fiscal, NLC India said in a regulat
Rolls-Royce offers engine co-creation for medium fighter. 'We are keen to partner India for co-development of combat engine technology in the country. We believe that such a partnership should result in the transfer of both know-how & know-why', says company
Financial services firm KFin Technologies reports 79% profit growth in Q3. Total income rises 14% to Rs 194 crore while expenses declined 4.8% to Rs 123 crore
Apply for Maharashtra licence in 3 weeks, Supreme Court tells Uber. State govt asked to frame policy; officials say all cab aggregators will need licences
T-Hub, Suzuki Motor pact to help Indian start-ups access Japan's ecosystem. T-Hub, an innovation hub and ecosystem enabler on Monday announced its partnership with Suzuki Motor Corporation (SMC), a leading corporation in the automobile sector to accelerate the growth of the Indian start-up ecosystem. A press release from T-Hub sai
SAIL's net profit falls by 65% to Rs 542 crore in December quarter. State-owned SAIL on Monday posted around 65 per cent fall in its consolidated net profit at Rs 542.18 crore in the December 2022 quarter, on account of higher expenses. The company had clocked a net profit of Rs 1,528.54 crore in the October-December perio
Sebi probing Hindenburg Research allegations against Adani Group. SC hearing: Govt agrees to form expert panel to strengthen regulatory regime
Castrol India reports PAT at Rs 193 crore in October-December 2022. Lubes maker Castrol India on Monday reported its profit after tax at Rs 193 crore in the October-December quarter of 2022. The company had reported a PAT (profit after tax) of Rs 189 crore in the corresponding quarter of the preceding year. The company fol
5 PSU insurers have Rs 347-crore exposure to Adani firms: FinMin. Earlier this month, Finance Secretary TV Somanathan had termed the Adani issue a 'storm in a teacup'
Srei insolvency: Kanorias' offer under section 12A to pay off dues rejected. Srei administrator Rajneesh Sharma has rejected the group promoters' offer under section 12A of Insolvency and Bankruptcy Code (IBC) to pay off dues of around Rs 32,000 crore to creditors to withdraw their companies from the ongoing insolvency process, sou
CCI approves acquisition of real estate assets by Nexus Select Trust. Competition Commission of India on Monday approved the acquisition of commercial real estate assets by Nexus Select Trust. Nexus Select Trust is a Sebi-registered real estate investment trust (acquirer REIT) and is backed by global investment firm Blacksto
IRB Infra December quarter net profit almost doubles to Rs 141 crores. IRB Infrastructure Developers Ltd on Monday reported a 94.49 per cent jump in its consolidated net profit to Rs 141.35 crore for the quarter ended December 31, 2022. The company had clocked a net profit of Rs 72.68 crore during the year-ago quarter, IRB I
India's Landmark Cars profit jumps by 37% in first earnings since listing. Indian luxury auto dealer Landmark Cars reported a 37% jump in quarterly profit in its first earnings report since going public, driven by the strong demand for premium cars
GMR Power and Urban Infra posts net profit at Rs 361 crore in Dec quarter. GMR Power And Urban Infra Ltd on Monday reported its consolidated net profit at Rs 360.53 crore in the quarter ended December 31, 2022. The company had posted a consolidated net loss of Rs 558.41 crore in the corresponding quarter of previous fiscal, GMR P
Hindenburg effect: Adani Group cuts revenue growth target, capex amid rout. Holding back on investments for even as little as three months could save the conglomerate as much as bn- funds that can be deployed to pay down debt or boost the cash pile, said another person
Vodafone Idea in talks with banks to refinance Rs 3-4k crore loans. This is expected to free up some cash for Vodafone Idea which needs to pay urgently to Indus Towers, Nokia and Ericsson
DBS says not concerned about exposure to Adani group amid Hindenburg rout. DBS Group has a tightly managed exposure to India's troubled Adani group of companies, the CEO of Southeast Asia's largest bank said on Monday
Infosys Foundation partners with Karnataka govt, rebuilds 100-bed hospital. This initiative aims to provide quality maternity and childcare to help the underprivileged, advancing the Foundation's commitment towards rural development, and to provide better health infra
HAL hands over advanced light helicopter to Mauritius ahead of schedule. "HAL would provide all the necessary technical, logistic, and maintenance support for ALH helicopter in Mauritius," the PSU said in a statement
Garuda Aerospace raises mn, aims to sell 25,000 drones in next 18 mnths. A part of the funds will be used for R&D to accelerate the development of building advanced drone solutions for the armed forces, in collaboration with global companies for the defence and aerospace
Hoax bomb call at Google office in Pune; caller held in Hyderabad. Google company's office in Maharashtra's Pune city was briefly put on alert after it received a call about a bomb in the premises which later turned out to be a hoax, police said on Monday. A man, who allegedly made the call in an inebriated state, has bee
JSW Steel crude steel output surges 15% to 1.89 mn tonnes in January. JSW Steel on Monday reported a 15 per cent rise in crude steel production at 18.91 lakh tonnes in January. The company's crude steel production was at 16.46 lakh tonnes (LT) in January 2022, JSW Steel said in a regulatory filing. "JSW Steel reported highes
Renault, Nissan to invest 0 million to expand lineup, add jobs in India. The two will produce six new vehicles in the South Asian nations- including two electric cars - for domestic and international customers
Drone start-up Garuda raises mn in series A funding from SphitiCap. Company will use money to expand operations, research, and to train drone pilots
Kerala govt to raise Rs 400 cr for Adani Ports as part of Vizhinjam pact. Kerala will have to provide Adani Ports Rs 400 crore when 30 per cent of the breakwater is completed and they have been knocking on the doors of the government for a while
Google starts new campaign to expand misinformation 'prebunking' in Europe. After seeing promising results in Eastern Europe, Google will initiate a new campaign in Germany that aims to make people more resilient to the corrosive effects of online misinformation. The tech giant plans to release a series of short videos highlightin
NCLT directs Insolvency proceeding against Zee Learn, after Yes Bank's plea. The National Company Law Tribunal (NCLT) has directed to initiate insolvency proceedings against Zee Learn, following a petition filed by private sector lender Yes Bank Ltd. Yes Bank Ltd (YBL) had claimed a default of Rs 468.99 crore by the Essel Group com
IndiGo restores pilots' increments amid financial turnaround, Q3 profit. Airline made net profit of Rs 1,422 cr in Q3FY23, after three consecutive quarters of loss
Brigade Enterprises sells properties worth Rs 2,618.5 cr in Apr-Dec FY23. Realty firm Brigade Enterprises has sold housing and commercial properties worth Rs 2,618.5 crore during the first three quarters of 2022-23 fiscal, up 31 per cent from the year-ago period, on better demand and higher price realisation. Bengaluru-based Bri
Alliance Group firm Urbanrise buys 96.5 acre land from Reliance Capital. Realty firm Urbanrise, an Alliance Group company, has acquired a 96.5 acre land parcel at Tambaram, Chennai from Reliance Capital and will invest Rs 3,600 crore to develop a township project. The company said in a statement that it will develop a mega town
Bajaj Hindusthan Sugar posts net loss of Rs 58.36 crore in December quarter. Sugar major Bajaj Hindusthan Sugar Ltd on Monday reported a consolidated net loss of Rs 58.36 crore in the third quarter of this fiscal year on higher expenses. Its net loss stood at Rs 164.53 crore in the year-ago period. Total income rose to Rs 1,433.54
Apple supplier Salcomp sees India revenue of - bn, plans rapid hiring. The plans come as Apple shifts production away from China after its strict COVID-related lockdowns and restrictions, and with rising trade and geopolitical tensions between Beijing and Washington
575 small firms hiring employees laid off by tech giants: Report. India third in global tech-hiring geographies; USA and European Union lead
Highest-ever quarterly revenue by Essar Oil in Q3 as CBM output doubles. The company reported 100% offtake of gas through GAIL's Urja Ganga pipeline
Adani Enterprises Q3 results tomorrow: Know about its past performance here. Adani Enterprises has been in the spotlight since January 24 when the US-based short-seller Hindenburg Research released a report stating that its shares are overvalued
Chemplast Sanmar to spend Rs 680 cr on expanding CMC works at Hosur. Phase-1 of project slated to be completed by Q2 of FY24
JCB to enter mass segment to achieve 30-fold spike in card base in 5 years. The firm has reached the milestone of issuing one million Rupay JCB cards in India
Reliance seeks .75 per mn thermal unit for CBM gas, ONGC wants .35. Billionaire Mukesh Ambani's Reliance Industries Ltd and state-owned Oil and Natural Gas Corporation (ONGC) are separately auctioning natural gas extracted from coal seams at prices linked to Brent crude oil price. Reliance is seeking a minimum USD 12.75 pe
Nissan, Renault to invest Rs 5,300 cr in India to make 6 new models. Alliance announces country plan to increase production, scale up research and shift to carbon-neutral manufacturing
Higher Ulip sales, repricing in annuity products squeezed margins at LIC. Analysts expect modest RoEV given lower margin profile than private peers
Govt to initiate closure of SAIL's steel unit in Bhadravathi: MoS Finance. The government has decided to shut SAIL's loss- making Visveswaraya Iron & Steel Plant (VISP) at Bhadravathi in Karnataka, Parliament was informed on Monday. The government had originally planned for privatising VISP and had invited Expression of Interest
MapmyIndia invests in drone firm Indrones to expand customer offering. Geospatial software company buys 20% stake in start-up that has developed technologies for data collection
Blinkit looking to expand dark store count by 40% over next 12 months. Quick commerce player Blinkit is looking to expand its micro-fulfilment centres or dark stores, targeting up to 40 per cent increase in store count in the next 12 months, according to company CEO Albinder Dhindsa. The company, which was acquired by online
Merger of 7 subsidiaries with Tata Steel to complete by FY24: CEO Narendran. The merger of 7 subsidiary companies with Tata Steel is expected to be completed in 2023-24 fiscal year, its CEO and managing director T V Narendran said. In September 2022, Tata Steel board had approved a proposal to merge six of its subsidiaries into its
PSBs profit jumps 65% to Rs 29,175 cr in Q3; Bank of Maharashtra tops chart. Public sector banks (PSBs) have logged a robust profit growth of 65 per cent to Rs 29,175 crore during the third quarter ended December 2022, with Bank of Maharashtra (BoM) emerging as the top performer in terms of percentage growth in profit. The Pune-hea
Oil India reports highest-ever quarterly profit of Rs 1,746 cr in Q3. State-owned Oil India Ltd (OIL) reported its highest ever quarterly net profit in the third quarter ended December 31 on the back of a rise in oil and natural gas prices. Net profit of Rs 1,746.10 crore, or Rs 16.10 per share, in October-December compared
Nayara Energy Q3 profit up 2% as shutdown, windfall tax impact margins. Nayara Energy, India's second largest private oil refining and fuel marketing company, saw its net profit rise by a marginal 2 per cent in the third quarter ended December 31 as the company undertook a month-long maintenance shutdown and windfall tax impac
Shriram Finance employs 3,536 people in Q3 hiring drive, to add 1,000 in Q4. Total workforce up 10% so far in FY23; recruitment also driven by merger of group firms
ABB steps up focus on manufacturing amid revival in the capex cycle. Plan is to increase number of factories in country; position India as global hub for exports
Fusion Microfinance sees asset growth moderating as pent-up demand tapers. Expects to NIMs to improve to 11.3-11.5% from 10.3%
Hitachi India aims to contribute bn to parent's global revenue by 2030. Hitachi India, part of the Japanese conglomerate Hitachi, aims to work towards contributing USD 20 billion in the overall consolidated global revenue for the parent company by 2030 with a 'higher double-digit profit', said Managing Director Bharat Kaushal.
Amazon, Flipkart, 20 e-tailors get notice for selling drugs without licence. Amazon and Flipkart Health plus are among the 20 online sellers that have been issued show-cause notices by the Drugs Controller General of India (DCGI) over the online sale of drugs in violation of norms. The show-cause notice dated February 8 by DCGI V G
Committed to Tajpur Port, waiting for formalities to finish: Adani official. Adani Ports & SEZ Ltd (APSEZ) remains committed to Rs 15,000 crore deep-sea port project in Tajpur, West Bengal and the company is waiting for completion of statutory formalities, such as the draft concession agreement from the state, a top official of Ada
Three Adani Group companies pledge additional shares for SBI: Report. Three Adani Group companies have pledged additional shares for State Bank of India, days after a scathing report by a US short-seller led to over USD 100 billion loss in its market value, as per stock exchange filings. Adani Ports and Special Economic Zone
Air Asia flight grounded by DGCA in Pune after a tyre found cracked. An Air Asia aircraft was "grounded" by the Directorate General of Civil Aviation at a runway in Pune on Sunday after one of the flight's tyres was found "cracked", officials said
BIS conducts 100 search operations to curb sale of non-ISI certified toys. During the search and seizure operations conducted by the Bureau of Indian Standards, a quantity of 9,565 and 30,229 was seized during the years 2021-22 and 2022-23 (up to Jan 25, 2023), respectively
Top headlines: SC on Adani-Hindenburg row, Ola rides down the value chain. Business Standard brings you the top headlines at this hour
Air India seals record order for about 500 jets from Airbus, Boeing: Report. The order reflects Air India's strategy to modernise its ageing fleet and re-capture a solid share of trips between India's large overseas diaspora and cities such as Delhi and Mumbai
Adani Group firms pledge shares for lenders of AEL: SBICAP Trustee. SBICAP Trustee said it had received the pledges in its capacity as "security trustee" of the lenders of Adani Enterprises
GoDaddy CEO Aman Bhutani cuts 8% jobs amid tough macroeconomic situation. In an email to employees, Bhutani said that most impacted roles are in the US, affecting multiple levels in the company and every division
After Twitter Blue rollout, all legacy Blue badges to be removed soon: Musk. Earlier this month, the Twitter CEO had said that all legacy verified accounts will soon lose their Blue badges as those are 'deeply corrupted'
Indian regulators aware of concerns on Adani Group issue, says Sitharaman. Nirmala Sitharaman told reporters after meeting the central bank's directors in New Delhi, the capital
Sun Pharma recalls over 34k bottles of generic drug in US due to mfg issues. Drug major Sun Pharma is recalling over 34,000 bottles of a generic medication, used to treat high blood pressure, in the US market due to failed dissolution testing. As per the US Food and Drug Administration's Enforcement Report, the US-based arm of Sun
Regulators very experienced; seized of the matter: FM on Adani Group row. Finance Minister Nirmala Sitharaman on Saturday said the country's regulators are very experienced and are seized of the matter relating to the Adani Group crisis. The minister was replying to a question on the observations of the Supreme Court on public i
Sintex Industries resolution: NCLT approves joint bid of RIL, ACRE. The National Company Law Tribunal (NCLT) has approved the joint bid of Reliance Industries and Assets Care & Reconstruction Enterprise (ACRE) for debt-ridden textiles maker Sintex Industries. The Ahmedabad bench of the NCLT in an oral order on Friday appro
Indiabulls Real Estate posts Q3 net loss of Rs 236.77 crore on lower income. Indiabulls Real Estate Ltd (IBREAL) has posted a consolidated net loss of Rs 236.77 crore for the third quarter of this fiscal year on a lower income. Its net loss stood at Rs 87.04 crore in the year-ago period, according to a regulatory filing. Total inco
Google adds PDF annotation with stylus, finger in Drive on Android. Google has added the ability to annotate PDFs using a stylus or finger in its cloud service Drive on Android
IBM Philippines not liable for TDS under I-T Act, says Karnataka HC. The High Court of Karnataka has ruled that IBM Philippines "shall not be liable for TDS under Section 195 of the Income Tax Act." It has therefore dismissed four appeals filed by the IT Department against IBM India Private Limited. The appeals were in rela
ABB India mulls utilising Rs 1,800 cr for acquisitions to drive growth. Electrification and automation major ABB India can utilise around Rs 1,800 crore of its cash balance for inorganic growth or acquisitions apart from organic expansion plans, a top company official said. The company has identified high-growth potential segm
Formula E, Tata Com announce multi-year collaboration on broadcasting races. Electric car racing body Formula E and Tata Communications on Saturday announced a strategic multi-year collaboration with the digital services company becoming the official broadcast distribution provider to the ABB FIA Formula E World Championship. The n
Brigade Enterprises Dec quarter sales bookings up 48% to Rs 1,009 crore. Realty firm Brigade Enterprises Ltd's sales bookings rose by 48 per cent to Rs 1,009.7 crore in the third quarter of this fiscal on higher volumes and price realisation amid strong housing demand. The Bengaluru-based company sold residential and commercial
Sundaram Home Finance eyes disbursements of over Rs 10 cr in business loans. Sundaram Home Finance, the wholly-owned subsidiary of non-banking finance company Sundaram Finance has set a target to disburse over Rs 10 crore under the small business loans segment, a top company official said on Saturday. The city-headquartered company
NALCO profit up by 61% in December quarter, net profit at Rs 274 crore. NALCO, a Navratna CPSE under Ministry of Mines, posted a net profit of Rs 274 crore for the third quarter ending December 31, 2022, as against Rs 170 crore in the preceding quarter
SPIC Ltd reports PAT for October-December quarter at Rs 85.18 crore. Southern Petrochemicals Industries Corporation Ltd (SPIC) an agri-nutrient and fertiliser company has reported profit after tax for the Oct-Dec '22 quarter at Rs 85.18 crore, the company said on Saturday. The flagship firm of Singapore-based AM Internation
17.64% of exclusive POCSO cases reported conviction: Centre tells Lok Sabha. Conviction was reported in nearly 18 per cent cases in which the accused were booked under the The Protection of Children from Sexual Offences Act, the government told Lok Sabha on Friday citing a third party evaluation. In a written reply in Lok Sabha, La
Reddit hacked after sophisticated, highly-targeted phishing attack. Online discussion forum Reddit on Friday confirmed that its systems were hacked as a result of a sophisticated and highly-targeted phishing attack.
Glenmark Pharma December quarter PAT rises by 21.3% to Rs 290.8 crore. Glenmark Pharmaceuticals Ltd on Friday reported a 21.3 per cent rise in consolidated profit after tax at Rs 290.8 crore for the third quarter ended December 31, 2022. The company had posted a consolidated consolidated profit after tax of Rs 239.8 crore in
Karnataka govt, Samsung body ink MoU to set up 'IoT Innovation Lab'. The project costs Rs 1.52 crore and also includes setting up of AI labs in at least two institutions
Yahoo to lay off more than 20% of staff to restructure its ad tech division. The cuts will impact nearly 50% of Yahoo's ad tech employees by the end of this year, including nearly 1,000 employees this week, the company said
Hindenburg's accusations against Adani Group put money-laundering in focus. A more than 0 billion rout in the share prices of the highly leveraged infrastructure owner has the potential to spark a broader contagion, especially if the local banking system gets infected
Index provider MSCI cuts 4 Adani group securities free-float designations. MSCI said it had reduced the free floats of Adani Enterprises, Adani Total Gas, Adani Transmission and the Associated Cement Companies, the report said
Short video app TikTok hands over pink slips, fires entire India staff. Most of the employees of TikTok India were working in Brazil and Dubai markets after the Centre banned the app in India in June 2020
Top headlines: Adani stcks remain in MSCI indices, TikTok fires India staff. Business Standard brings you the top headlines at this hour
PayPal forecasts strong full-year profit, says CEO to retire at year-end. The company's upbeat forecast also comes alongside its previously announced commitment of lowering expenses in the backdrop of its key e-commerce segment feeling the pinch of a slowdown
Paytm launches G20-theme QR Code to celebrates India's presidency. One97 Communications Limited that owns leading payments and financial services company Paytm, on Friday launched a special G20-theme, QR Code to celebrate India's presidency.
Reliance to invest Rs 75,000 crore in UP to expand telecom network. Billionaire Mukesh Ambani on Friday announced Rs 75,000 crore investment over the next four years in expanding the telecom network, including roll out of 5G services, retail and new energy business in Uttar Pradesh. Speaking at the UP Investor Summit, he s
Drug marker Lupin reports 72% decline in Q3 net profit to Rs 153 cr. Drug maker Lupin has reported 72 per cent decline in consolidated net profit at Rs 153 crore for the third quarter ended December 31, 2022. The company had reported a net profit of Rs 545 crore for October-December period last fiscal. Total revenue from op
Aditya Birla Group commits Rs 25,000 cr investment across various biz in UP. Aditya Birla Group on Friday committed Rs 25,000 crore investment across its various businesses in Uttar Pradesh. Speaking at Global Investors Summit here, Kumar Mangalam Birla said the investment would go into various businesses like cement, metals, chemi
Open core firm GitLab to cut 7% jobs amid tough macroeconomic conditions. The company's most recent reported headcount was 1,630, implying that the round of redundancies will affect approximately 114 people, though that specific figure is dependent on its current headcount
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