NSE share market NEWS tomorrow (06 January, 2023). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (06 January, 2023). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 06 January 2023
Kpit Technologies was amongst the top gainers, currently trading at 716.65 in NSE with 4.702 times change in volumes and 4.973% change in price. Other gainers included Pg Electroplast with 3.894% price change and 3.678 times volumes, Supreme Industries with 2.689% price change and 2.504 times volumes, Astral Poly with 2.497% price change and 3.005 times volumes, and Havells India with 2.176% price change and 0.489 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.
Lic Housing was amongst the top losers, currently trading at 404.95 in NSE with 1.302 times change in volumes and -3.687% change in price. Other losers included Inox Wind with -3.482% price change and 2.761 times volumes, Dabur India with -3.474% price change and 1.056 times volumes, National Buildings with -3.015% price change and 1.074 times volumes, and Tata Consultancy with -3.007% price change and 1.363 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 Fashion and Retail proposes to raise Rs 500 crore through NCDs. Aditya Birla Fashion and Retail Ltd (ABFRL) plans to raise Rs 500 crore through issuance of bonds on private placement basis. "The company proposed to raise funds by issuing 5,000 listed, unsecured, rated, redeemable non-convertible debentures (NCDs) of a
Asset under management likely to be around Rs 9 trillion in FY23: PFRDA. Pension regulator Pension Fund Regulatory and Development Authority (PFRDA) on Friday said the asset under management is likely to be around Rs 9 lakh crore this financial year due to market volatility. "Earlier, we were looking at an AUM of over Rs 10 lak
Drug firm Gland Pharma to fully acquire Europe-based Cenexi Group. Drug firm Gland Pharma on Friday said it has inked a pact with FPCI Sino French Midcap Fund to acquire 100 per cent stake in Europe-based Cenexi Group. Gland Pharma International PTE, a Singapore-based wholly owned subsidiary of the company, has entered in
NCLT admits insolvency plea filed against Future Supply Chain Solutions. The National Company Law Tribunal (NCLT) has on Friday admitted the insolvency plea filed against Future Supply Chain Solutions Ltd (FSCSL). Future group firm FSCSL in a regulatory filing said the Mumbai bench of NCLT has allowed the plea filed by DHL E-co
Vodafone Idea approaches banks for loans worth Rs 7,000 crore: Report. The lenders have, however, sought clarity from the telco on the Government's potential shareholding and its plans to infuse capital in Vi
India's fallen tech darlings value buys for Franklin after bn wipeout. Funds managed by Franklin Templeton bought at least 3.3 million shares of e-commerce logistics provider Delhivery Ltd. and more than 2 million shares of PB Fintech Ltd
Macrotech Q3 sales bookings up 16% at Rs 3,035 cr; pre-sales rise 62%. Realty firm Macrotech Developers Ltd on Friday reported a 16 per cent growth in its sales bookings at Rs 3,035 crore in the third quarter of this fiscal on better housing demand. Macrotech Developers, which sells properties under the 'Lodha' brand, is one
S Korean firm Mirae acquires industrial, warehousing asset in Maharashtra. South Korea's Mirae Asset Global Investments Co Ltd has acquired an industrial and warehousing asset at Bhiwandi in Maharashtra for Rs 130 crore. Anarock, one of the leading real estate consultants in the country, facilitated this deal. Mirae Asset Global
Reliance group firms make open offer to buy 26% stake in Lotus Chocolate. Two Reliance group firms - Reliance Consumer Products Ltd (RCPL) and Reliance Retail Ventures Ltd (RRVL) - have announced an open offer to acquire a 26 per cent additional stake in Lotus Chocolate. The firms will together acquire 33.38 lakh shares of Lotus
Madras HC upholds Singapore arbitration award against Shriram Group firm. Court permits enforcement of award of about Rs 195 crore plus interest
NCLAT dismisses Wave Group's appeal for insolvency proceedings. The NCLAT upheld the old order, along with the fine of Rs 1 crore
Dabur India expects low to mid single-digit revenue growth in Q3. Dabur India expects a "low to mid single- digit revenue growth" for the quarter ended December 2022 on account of the challenging macroeconomic environment and muted category growth during the period. However, the homegrown FMCG major said inflation starte
Signature Global sells housing properties worth Rs 1,330 cr in Apr-Sep FY23. Realty firm Signature Global, which plans to launch a public issue soon, has sold properties worth Rs 1,330 crore in the first half of this fiscal. The company had achieved sales bookings of Rs 2,590 crore in the entire previous financial year. Credit rati
Sobha Q3 sales bookings up 36% to Rs 1,425 cr on strong revival in demand. Bengaluru-based realty firm Sobha Ltd on Friday reported a 36 per cent growth in its sales bookings to Rs 1,424.7 crore for the quarter ended December 2022 on strong revival in demand. In a regulatory filing, Sobha Ltd informed that its sales bookings stoo
Oil firms making Rs 10 a litre profit on petrol, Rs 6.5 loss on diesel. Oil companies are selling petrol at a profit of Rs 10 per litre but retail prices haven't been reduced as they recoup past losses and make up for a Rs 6.5 a litre loss on diesel, a report said. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Cor
Zydus Lifesciences launches generic anti-epilepsy drug in US market. Zydus Lifesciences on Friday said it has launched generic epilepsy treatment medication in the US market. Zydus Pharmaceuticals (USA) Inc, a unit of the company, has launched Topiramate extended-release capsules in the American market. The company had earl
Amazon plans to lay off around 1,000 employees in India: Report. E-commerce company Amazon plans to lay off around 1,000 employees in India as part of its biggest retrenchment exercise across the globe, according to sources. The company has announced the elimination of over 18,000 roles across the globe due to uncertain
Banks reluctant to fund loss-making Vodafone Idea before capital hike. "Without that (capital injection) it looks difficult for the company to ...survive," said one top official at a state-owned bank
Startup movement picked up momentum in India: Union Minister Jitendra Singh. Union Minister Jitendra Singh on Thursday said the startup movement has picked up momentum in the country and led to the creation of over 80,000 startups, whose number was about 350 before 2014. Singh said that due to a push from Prime Minister Narendra Mo
Manchester City announces new regional partnership with Jio Platforms. The partnership was enabled and supported by RISE Worldwide, a Reliance initiative, India's largest sports and entertainment company
Mirae Investments acquires industrial asset in Mumbai for Rs 130 cr. Group's first acquisition under India-focused funds allocation for high-grade real estate
Google set to challenge Android antitrust ruling at Supreme Court. The Competition Commission of India (CCI) in October fined the Alphabet Inc unit 1 million for exploiting its dominant position in the market for Android which powers 97% of smartphones in India
FMCG Q3 sales: Rural market continues to drag; urban maintains steady pace. The Indian FMCG sector witnessed improvement in margins and slow growth in the December 2022 quarter but the rural markets continued to drag as retail inflation stayed at elevated levels, according to industry players. Godrej Consumer Products Ltd (GCPL) a
Jio Platforms inks pact with SOA University to set up 5G lab in Bhubaneswar. Digital services company Jio Platforms on Thursday said it has signed an agreement with SOA University to set up a 5G lab in Bhubaneswar. The proposed lab will help in meeting the growing requirements of research and training in the latest 5G standards, in
Hyundai Motor India launches Hyundai Pavilion on Metaverse space. Hyundai Pavilion on Metaverse will introduce the much awaited all-electric SUV Hyundai Ioniq 5 for users to experience its various features
Indian start-ups take 5 yrs to cross 0 mn revenue mark: Redseer. There are about 100 unicorns and 170 soonicorns in India. Of these 270 firms, over 40 start-ups in the fintech, e-commerce, and logistics sectors have crossed 0 million in revenue as of FY22
Auto retail sales dip 5% in December after two-month cruising: FADA. The Indian auto industry's domestic PV sales in December 2022 were 276,000 units, 8.3 per cent higher than in December 2021, according to company numbers
Sebi extends relaxation on dispatching hard copies of financial statements. Sebi's extension comes after Ministry of Corporate Affairs has also provided similar relaxations to companies dispatching physical copies of financial statements
L&T Realty Developers to sell its entire stake in Think Tower Developers. L&T Realty Developers Ltd, a subsidiary of L&T, has agreed to sell its complete stake in Think Tower Developers Pvt Ltd, the engineering and construction conglomerate said on Thursday. The agreement is expected to complete on January 30, which is subject t
Pfizer announces 12-week paternity leave policy for its employees. The policy that came into effect on January 1, 2023, gives biological and adoptive fathers the option to take leaves in up to four tranches
Google likely to approach Supreme Court on Friday against CCI order. The appellate tribunal directed Google to pay 10 per cent of the penalty fees levied by the competition commission of India (CCI) as a condition for admitting its appeal for stay
InCred Financial Services aims to float about Rs 10,000-crore AIF. Subsequently, it will look to raise money from institutional investors, including Sovereign Wealth Funds
Varde-Arena consortium revises bid; emerges as highest bidder for Srei. The Varde Partners-Arena consortium has emerged as the highest bidder after it submitted a revised bid on Thursday with an additional cash component of Rs 3,600 crore for the two Srei group of companies under the insolvency and bankruptcy process, sources
OYO writes to NCLT to expedite inquiry on FHRAI executive committee. The travel firm has further requested to make the same available to members of the hospitality industry and the public at large
BSNL to start 5G services in 2024, says telecom minister Ashwini Vaishnaw. BSNL has shortlisted a TCS and C-DOT led consortium for rolling out 4G network, which will be upgraded to 5G in about a year of placing the order under the contract
Google India to mentor 1 mn Indian women entrepreneurs: Antony Blinken. Applauding the efforts of the US-India Alliance for Women's Economic Empowerment that connects the private sector and civil society to help women grow their businesses, US Secretary of State Antony Blinken has said that Google India has committed to mentor
Housing sales momentum likely to sustain in 2023, says JLL India. Sales of residential apartments, which rose 68 per cent in 2022, are likely to sustain this year on likely moderation in inflation and better price deals from builders, according to JLL India. In a statement, JLL India on Thursday said that the sale of apa
Srei's CoC to take cognizance of the valuation report on Friday. The Committee of Creditors (CoC) of Srei lenders will take cognizance of the valuation report of the twin Srei Group companies undergoing a resolution process on Friday, a source said on Thursday. If the fair and liquidation value of Srei Infrastructure Fi
Now connect to WhatsApp by choosing proxy server if denied the right. Meta-owned WhatsApp launched a proxy support for users all over the world, like millions of people in Iran and elsewhere who continue to be denied the right to communicate freely and privately
Mukesh Ambani to focus on green energy as scions helm other Reliance units. Reliance is seeking billions of dollars of investments in India's energy sector and has approached potential investors including Middle Eastern funds, two of the people said
Covid wave in China has Indian electronics cos worried about parts shortage. Chinese suppliers are already not assuring the delivery timelines for orders placed in the past few weeks due to high Covid-19 infections
Godrej Properties sells over 1 mn sq ft for Rs 435 cr at Ahmedabad project. The company has sold 870 homes with a booking value of approximately Rs 435 crore since the project was launched in October, last year
Indian startups take 5 yrs to scale from zero to 0 mn revenue: Report. What took 18 years in 2000 to reach 0 million revenue has come down to five years, according to data by Redseer Strategy Consultants
Carmakers may end up paying penalties for missing emissions targets: Report. CAFE scores are designed to encourage carmakers to focus on technologies that reduce CO2 emissions
Godrej Consumer Products sees Q3 sales rise on personal, home care demand. The company expects sales on a constant currency basis to increase in the mid-teens percentage range for the third quarter, with overall profit seeing "meaningful improvement," as gross margins expand
Reliance Jio and Bharti Airtel launch 5G services in Bhubaneswar. Telecom operators Jio and Bharti Airtel on Thursday started their 5G services in the state capital. The 5G services of both the companies were unveiled by Union Education Minister Dharmendra Pradhan and Union Telecom Minister Ashwini Vaishnaw at an event h
Indian employees likely to be impacted as Amazon says will cut 18,000 jobs. Amazon India said last year it will shut down distribution, food delivery and edtech divisions by end of 2023
ISRO, Microsoft join hands to empower spacetech startups in India. The space tech startups identified by ISRO will be on-boarded onto the aMicrosoft for Startups Founders Hub' platform, that supports startups at every stage of their journey-from idea to unicorn
Satya Nadella checks right boxes talking about G20, Make in India and AI. Looking to help in "amplifying" the India story, Microsoft Executive Chairman and CEO Satya Nadella on Thursday said the country's technology story and the policies that helped it reach here is a tale that needs to be told to the world. Briefing the media
We want to push India's trillion digital economy dream: Satya Nadella. Nadella said that India's tax spend as a percentage of its GDP is becoming normalised when compared to the developed world, and is now among the top 10 countries
India's tech spend becoming normalised with developing world: Satya Nadella. India could probably be among the top 10 countries in the world going by its GDP to tech-spend ratio, according to Microsoft's data, the company's Executive Chairman and CEO Satya Nadella said on Thursday. Responding to a question on Microsoft's future in
Paid most of bn tax for PhonePe shifting base to India, confirms Walmart. The company said last month it had completed the separation of PhonePe from Flipkart, adding that it would remain a majority stakeholder in both the companies
India-built public goods infra globally applicable: Satya Nadella. Microsoft chief praises country's digital public good infrastructure as 'great, important'
UK-India trade body writes to envoy on Vi equity conversion delay. Considering that the issue may gather momentum in the upcoming months, Vikram K Doraiswami, the Indian high commissioner in the UK, has sought guidance from the finance ministry
Prasanna Kumar Motupalli appointed chairman and MD of NLC India Ltd. Prasanna Kumar Motupalli was on Thursday appointed as Chairman and Managing Director (CMD) of the state-run NLC India Ltd (NLCIL), a Personnel Ministry order said. The Appointments Committee of the Cabinet has approved Motupalli's appointment till the date
Elevated coal price a drag on margins of domestic base metal players: Icra. The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICRA said on Thursday. In a recent note on the primary base metal industry, ICRA said that the earnings of the i
Allegis Group names Venkat Shastry as new India managing director. Talent solutions firm says executive will focus on revenue, customers and partner relationships
India Inc beats US firms in office leasing for first time in 2022: CBRE. Indian companies have overtaken American firms in gross leasing of office space for the first time, with almost a 50 per cent share in the total demand, according to CBRE India. In its report released on Thursday, CBRE said that the gross leasing of office
SaaS start-up SirionLabs closes series D funding round at 0 mn. Company says it will use the capital to expand its position in contract lifecycle management business
Govt to release norms to support startups' innovation in technical textiles. The government will soon release guidelines to support startups interested in undertaking research and innovation in the technical textiles segment and is contemplating a grant of up to Rs 50 lakh for approved proposals, a top official said on Thursday. Re
Reliance Jio to be official mobile partner of Manchester City in India. Man City's OTT platform CITY+ will be integrated into the JioTV platform and provide exclusive content to Indian viewers
Capital infusion in Vodafone Idea under discussion: Ashwini Vaishnaw. Debt-ridden telecom firm Vodafone Idea has various requirements, including infusion of capital, and discussions on this front are going on, telecom minister Ashwini Vaishnaw said on Thursday. Vodafone Idea (VIL), reeling under debt burden of over Rs 2 lakh
NTPC crosses 300 billion units electricity generation mark in FY23. State-owned power giant NTPC on Thursday crossed the 300 billion units (BU) mark of electricity generated during the current fiscal year. As of January 5, 2023, NTPC has recorded a PLF (plant load factor or capacity utilisation) of 73.7 per cent, compared
GCPL expects double-digit domestic sales growth in December 2022 quarter. FMCG major Godrej Consumer Products Ltd (GCPL) expects a double-digit sales growth in the domestic market for the December 2022 quarter. This is backed by low single-digit volume growth said the Godrej Group's FMCG arm in its quarterly update for the third
Neobanking start-up Jupiter raises Rs 100 cr in venture debt from Alteria. Mumbai, Bengaluru-based company will use money to expand its lending products
Lupin launches fixed-dose triple drug combination to manage asthma. Pharmaceuticals firm Lupin Ltd on Thursday said it has launched a fixed-dose triple drug combination of Indacaterol, Glycopyrronium and Mometasone for managing asthma. The product launched under the brand name DIFIZMA is being offered as a dry powder inhal
Honda Motorcycle & Scooter India sales up 11% at 233,151 units in Dec 2022. Honda Motorcycle & Scooter India on Wednesday reported a 10.7 per cent increase in domestic sales at 2,33,151 units in December 2022. The company had registered domestic sales of 2,10,638 units in the year-ago period, Honda Motorcycle & Scooter India (HMSI
Coal India, trade unions sign pact for 19% minimum guaranteed benefit. State-owned Coal India Limited (CIL) and trade unions have agreed to a 19 per cent minimum guaranteed benefit of the monthly emolument, benefitting 2.38 lakh non-executive workers, an official statement said on Wednesday. In this regard, "CIL and the four
Indian tyre industry to scale turnover of Rs 1 trn in next 3 years: ATMA. The Indian tyre industry will be able to scale a turnover of Rs 1 lakh crore in the next three years on the back of new capacities available, Automotive Tyre Manufacturers Association said on Wednesday. The industry has completed investment of Rs 35,000 cr
Govt sticks to demand for increased share in Barmer oil & gas block. The SC has been hearing a dispute between Vedanta and the federal government related to an extension of the production-sharing contract for the Barmer asset in the western state of Rajasthan
Delhi govt refuses to participate in arbitral award payment to RInfra. The DMRC on December 15 had launched a rights issue to raise Rs 7,131 crore from its existing shareholders - the Centre and the Delhi government, which own 50 per cent of the company each
RBI lifts ban on M&M Finance for outsourcing recovery, repossession agents. On September 22, the regulator barred Mahindra Finance from carrying out any recovery or repossession activity through outsourced agents
Global macro headwinds may moderate growth for Indian IT industry: Icra. The evolving global macroeconomic headwinds could moderate growth for Indian IT services industry over the medium term, ICRA said on Wednesday. Rating agency ICRA, in its recent research report, has cited that given the Indian IT services industry generate
Nexus Venture to raise 0 mn fund to bet on domestic, US tech startups. Nexus will invest the new funds in early stage funding rounds of Indian internet and technology startups, as well as U.S.-based software firms
Operational losses of OMCs expected to shrink in Q3, say analysts. Public sector OMCs reported cumulative losses of Rs. 27,276 crore during the first six months of FY23
Delhi HC restrains firm from using Swiss Military symbol in trademark case. The court also cited the Daboutt's division bench's judgment in Shree Nath vs Allied Blenders and Distillers Pvt. Ltd where the wonderment principle was elaborated
Varun Beverages, ABB India rise to MFs' largecap bucket after strong run-up. Muthoot Finance, Paytm move to the midcap list after MF industry rejigs stock classification
Microsoft, NIELIT team up to train youth in cybersecurity skills for jobs. Tech titan Microsoft and National Institute of Electronics and Information Technology (NIELIT) on Wednesday announced a collaboration to increase access to skills for jobs through Cyber Shikshaa and Ready4Cybersecurity programmes. Nearly 3,500 learners wil
Switch Mobility, 2 others bag 2-million e-bus contracts by CESL: Repor. A senior CESL official, who did not want to be named, said the exact quantities being awarded to the three companies would be known by Friday
Indus Towers appoints Prachur Sah as MD & CEO, to suceed Bimal Dayal. Telecom infrastructure company Indus Towers on Wednesday said it has appointed Prachur Sah as managing director and chief executive officer of the company with effect from January 3, 2023. The position had been vacant since the resignation of Bimal Dayal i
LG Electronics announces appointment Hong Ju Jeon as MD for India business. South Korean consumer electronics major LG on Wednesday announced the appointment of Hong Ju Jeon as the Managing Director of its India business. Former managing director of LG Electronics India Young Lak Kim has been promoted to the position of Executive
EU's privacy watchdog fines Meta 4 mn for ads based on online activity. EU's privacy watchdog tells firm it can't use its contracts with users to justify sending them such ads
CBI chargesheets CG Power, ex-promoter Thapar in Rs 2,435-cr fraud case. The CBI has filed a charge sheet against CG Power and Industrial Solutions and its former promoter Gautam Thapar in an alleged Rs 2435-crore bank fraud case that affected 12 banks, officials said. This comes after the agency conducted a probe for nearly 1
Toyota Motor's Indian unit warns of a possible customer data breach. Toyota India said it has notified the relevant Indian authorities of the data breach at Toyota Kirloskar Motor, a joint venture with Indian conglomerate Kirloskar Group
NARCL emerges as the highest bidder for SREI with NPV of Rs 5,555 cr. In the final lap, there were just two bidders in the fray - NARCL, and Authum with an NPV of Rs 5,526 crore
Promoters unwilling to infuse capital in Vi, govt stake unviable: Report. The promoters are willing to infuse Rs 2,000-3,000 crore but it is too less to revive the company
Volkswagen group's India sales rise 85% to 101,270 units in 2022. German automotive group Volkswagen's sales in India grew 85.48 per cent to 1,01,270 units in 2022, KODA AUTO Volkswagen India Pvt Ltd said on Wednesday. The group's sales in India stood at 54,598 units in 2021. The strategy of the group, which is present i
CCI declines interim stay for Google on Android-related antitrust ruling. An Indian tribunal declined Google's request for an interim stay on an antitrust ruling that ordered the tech giant to change its approach to its Android platform
NCLAT directs Google to pay 10% of Rs 1,337 crore penalty imposed by CCI. CCI penalised Google in October over alleged violations in the Android mobile ecosystem
Suhail Sameer to start VC fund with two former co-founders: Report. On Tuesday, BharatPe announced that Sameer was stepping away from his post and will serve as the Strategic Advisor effective January 7
Byju's founder raising funds to buy back as much as 15% of firm: Report. Raveendran is in the midst of overhauling the company's strategy and cutting marketing spend with a goal to be profitable by March
Shapoorji Pallonji's housing platform to invest Rs 750 cr on new project. Business conglomerate Shapoorji Pallonji's housing platform Joyville will invest around Rs 750 crore to develop a new housing project in Pune. Joyville Shapoorji Housing is a USD 200 million platform set up by Shapoorji Pallonji, ADB, IFC and Actis to deve
Income Tax searches on premises of Exel Group of companies in Hyderabad. The Income Tax department on Wednesday conducted searches on premises of Exel Group of companies in Hyderabad and neighbouring Sangareddy district for alleged irregularities in income tax payment
Major setback for Google as NCLAT refuses interim stay on CCI order. Tribunal asks Google to deposit 10% of Rs 1,330 cr penalty levied by CCI; next hearing on April 3
Retail giant Walmart gets -billion tax bill for PhonePe shift to India. The bill stems from the relocation and rise in value of PhonePe Pvt, which Walmart took majority ownership of after acquiring parent outfit Flipkart Online Services Pvt
Mercedes-Benz Energy signs deal with Lohum to recycle EV batteries. Lohum has committed to lift a minimum of 50 MegaWatt Hertz (MwH) across multiple second-use modules a year from Mercedes-Benz Energy
FMCG cos expect fewer price hikes, robust growth in 2023 despite headwinds. Industry strong enough to withstand another Covid hot for at least two quarters; global recession to have little impact; rural demand remains a concern
CESL accelerates on the green track, opens bids for 6,465 electric buses. The subsidiary of a joint venture owned by four public sector power companies is moving rapidly to enable the creation of a transport ecosystem based on renewable energy
On industry demand, ASCI extends 'Dark Patterns' paper feedback deadline. According to data analysed by ASCI, 29 per cent of ads in 2021-22 were misleading
RBI lifts curbs on loan recovery via third parties: M&M Financial Services. MMFSL shares had plunged over 20% following the order in September, before recouping those losses by December
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