NSE share market NEWS tomorrow (21 October, 2022). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (21 October, 2022). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 21 October 2022
Kpit Technologies was amongst the top gainers, currently trading at 711.95 in NSE with 5.733 times change in volumes and 9.044% change in price. Other gainers included Axis Bank with 9.027% price change and 4.914 times volumes, Pg Electroplast with 4.174% price change and 5.033 times volumes, Union Bank with 4.021% price change and 1.765 times volumes, and Nhpc with 4.01% price change and 5.762 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.
Delhivery was amongst the top losers, currently trading at 385.75 in NSE with 7.444 times change in volumes and -18.126% change in price. Other losers included Laurus Labs with -7.592% price change and 2.181 times volumes, Pb Fintech with -5.265% price change and 1.529 times volumes, Mphasis with -4.864% price change and 2.809 times volumes, and Indian Energy with -4.407% price change and 4.218 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.
What does Nikhil Kamath think of venture funding in today's world?. Business Standard's Raghav Aggarwal caught up with Zerodha co-founder Nikhil Kamath, to talk about the future of fintech and funding in India. Let us listen in to the interview
Walmart-backed PhonePe in talks to raise funds at bn valuation: Report. Indian digital payments firm PhonePe is in talks to raise funds in a round led by General Atlantic at a valuation of billion
SpiceJet to suspend services in Sikkim due to operational constraints. SpiceJet, the only carrier that runs daily flights to and from the greenfield airport in Sikkim's Pakyong, will suspend services in the hill state from October 30 due to "operational constraints". According to a spokesperson of the budget airline, bad weat
United Breweries Q2 net rises 67% to Rs 134.12 cr, revenue up 11.5%. Beer maker United Breweries Ltd has reported a 66.94 per cent growth in its consolidated net profit at Rs 134.12 crore in the second quarter ended September 30, mainly on the back of volume growth. The company, controlled by Dutch multinational brewing com
ICICI Bank Q2 net profit may rise 35% YoY on solid loan book, say analysts. ICICI Bank Q2 preview: Better credit growth, including for mortgages and unsecured loans, should drive up margins, leading to healthy core profitability, analysts said
HPV vaccine prodn delayed due to Covid, to start supply in early 2023: SII. Serum Institute of India (SII) had to defer HPV vaccine production by two years due to the focus on COVID, and will start supplying small quantities of the dose to the Indian government in early 2023, a top official has said. Exports will have to wait till
Covishield production stopped in Dec 2021, says Serum Institute's CEO. CEO Adar Poonawalla said Serum Institute of India stopped producing Covishield vaccine from December 2021 and of the total stock available at that time, about 100 million doses had already expired
Snap's revenue increased 6% YoY to ,128 mn in third quarter of 2022. Snap, the parent company of Snapchat, has reported that its revenue grew 6 per cent year-over-year (YoY) to ,128 million in the third quarter of 2022.
Air India appoints Henry Donohoe as head of safety, security & quality. Air India has appointed Henry Donohoe as the Head of Safety, Security and Quality from November 7
Adani Group considers raising bn debt in lower-cost debt, green bonds. Gautam Adani's group is looking to raise at least billion in new debt over the next year as his conglomerate seeks to refinance its high-cost borrowings and fund projects in the pipeline
Even as overall hiring slows down, no dearth of jobs for senior execs: Rpt. The demand for CXOs has been relatively high in the industrial and manufacturing sectors, auto, chemicals, financial services, and energy firms
Reliance Capital binding bids submission deadline extended to November 20. Reliance Capital Committee of Creditors (COC) has decided to extend the date of submitting the binding bids from October 31 to November 20
Large contracts in pipeline, deal win trend intact in medium term: Mphasis. Mphasis has a reasonable proportion of large contracts in its pipeline and expects its current trend of new deal wins to continue over the medium term, a top company official said
NGT imposes Rs 18.35 cr fine on HPCL-Visakh Refinery for green violations. The National Green Tribunal has imposed a Rs 18.35 crore fine on Hindustan Petroleum Corporation Limited (HPCL)-Visakh Refinery over violation of environmental norms
Wockhardt likely to sell India business to cut debt, focus on UK: Analysts. Company left with low-margin brands in India after selling profitable ones
PhonePe in talks to raise 0 mn in funding at bn valuation. Digital payments firm seeking investors' support to scale up operations and compete with rivals
Meta-owned Facebook introduces new features, including Reels for Groups. Facebook has announced that it is rolling out more options for people to connect over shared interests, including Reels in Facebook Groups and updates to Group profiles
Hindustan Zinc Q2 profit up 33% to Rs 2,680 cr, revenue up to Rs 8,127 cr. Vedanta Group firm Hindustan Zinc on Friday reported 32.8 per cent rise in consolidated net profit at Rs 2,680 crore for September quarter 2022-23. The company had posted a net profit of Rs 2,017 crore for the year-ago period, Hindustan Zinc said in a fili
IDBI Bank net profit up 46% at Rs 828 cr in Q2 FY23, net NPAs down to 1.15%. IDBI Bank on Friday reported a 46 per cent rise in its net profit to Rs 828 crore for the second quarter ended September 30. The bank had posted a net profit of Rs 567.12 crore in the year-ago period. The total income in the September 2022-23 quarter rose
JSW Steel posts surprise quarterly loss of Rs 848 crore on price slump. JSW Steel on Friday reported a consolidated net loss of Rs 915 crore for the quarter ended September 30, 2022. The company had posted a consolidated net profit of Rs 7,179 crore for the year-ago period, JSW Steel said in a filing to BSE. However, income du
DGCA lifts 50% cap restrictions on SpiceJet, to operate with full capacity. Scheduled airlines will operate 21,941 flights on domestic routes every week in the winter schedule starting from October 30
HDFC Life reports 19% jump in Q2 earnings as policy sales pick up. Standalone profit-after-tax was 3.26 billion Indian rupees (.42 million) for the quarter ended Sept.30 compared with 2.74 billion rupees, the insurer said in a regulatory filing
Q2 results: Motilal Oswal Financial Services' PAT up 11% to Rs 509 crore. Motilal Oswal Financial Services Ltd on Friday reported an 11 per cent growth in Profit After Tax (PAT) at Rs 509 crore for three months ended September 2022 driven by robust growth across the segments. This was the highest quarterly profit posted by the c
ADIA, Brookfield, KKR to invest Rs 4k cr in UPL's pure-play biz platforms. Agrochemical major UPL on Friday announced a strategic corporate realignment in which ADIA, Brookfield, KKR and TPG will separately invest Rs 4,040 crore (USD 500 million) for minority stakes in its pure-play business platforms. Abu Dhabi Investment Author
Karur Vysya Bank net profit up 52% at Rs 250 cr in Q2, deposits grow. NPA declines to Rs 2,457 crore, compared to Rs 3,972 crore a year ago
ADIA, KKR, Brookfield to invest in UPL companies as restructuring move. KKR, the US-based private equity firm, will separately invest Rs 2,460 crore to pick up a 13.33 per cent stake in Advanta Enterprises, a subsidiary of UPL.
Reliance Jio Q2 results: Net profit rises 28% to Rs 4,518 crore. The revenue from operations jumped 20.2 per cent to Rs 22,521 crore for the just ended quarter, from Rs 18,735 crore in the year-ago period
Ambuja Cements net profit falls 94% to Rs 51.3 crore in Sept quarter. Ambuja Cements, now part of the Adani Group, on Friday reported a fall of 94.24 per cent in its consolidated net profit at Rs 51.30 crore for the September quarter, mainly due to rising fuel prices and related inflationary impact. The company had clocked a
HUL Q2 net profit rises 22.2% to Rs 2,670 crore; revenue up 16.4%. FMCG major Hindustan Unilever Ltd on Friday reported a 22.19 per cent rise in its consolidated net profit to Rs 2,670 crore for the second quarter ended September 30, mainly helped by volume growth. The company had posted a net profit of Rs 2,185 crore in
Laurus Labs Q2 profit up 14% at Rs 233 cr, revenue jumps to Rs 1,576 cr. Drug firm Laurus Labs on Friday said its consolidated net profit increased 14 per cent to Rs 233 crore in the second quarter ended September 30, 2022. The company had reported a net profit of Rs 204 crore in July-September period a year ago. Revenue from o
J&K Bank Q2 profit doubles to Rs 243 crore amid fall in bad loans. Jammu & Kashmir Bank on Friday reported over two-fold jump in net profit at Rs 243.49 crore for September quarter 2022-23 on a healthy growth in interest income and fall in bad loans. The bank had posted a net profit of Rs 111.09 crore for the year-ago per
CSB Bank Q2 profit at Rs 121 cr, total income rises to Rs 600.12 cr. CSB Bank on Friday reported a marginal uptick in net profit at Rs 120.55 crore for the quarter ended September 2022 on growth in net interest income. The bank had posted a net profit of Rs 118.57 crore for the year-ago period. Total income rose to Rs 600.1
CCI's Rs 1,338 cr penalty a 'major setback' for Indian consumers: Google. Google on Friday said it will review Competition Commission's (CCI) decision to impose a Rs 1,338 crore penalty for alleged anti-competitive practice, and termed the order a "major setback" for Indian consumers and businesses. In its first official respons
Infosys allows employees to take up gig work with managers' prior consent. Several IT companies including Tata Consultancy Services (TCS), HCLTech, IBM, and Wipro have opposed moonlighting, calling it an ethical issue as well as a breach of employee code
Tata Consumer Products Q2 profit rises 36% to Rs 389 cr; revenue up 11%. Tata Consumer Products Ltd (TCPL) on Thursday reported a 36.25 per cent rise in consolidated net profit at Rs 389.43 crore for the second quarter ended September 30, 2022. The company had posted a net profit of Rs 285.80 crore for the July-September period
Asian Paints Q2 results: Net profit rises 31% to Rs 783 cr, sales up 18.8%. The initial capacity to be set up would be 265,000 tonnes per annum. In addition, clinker grinding would be set up in India as well
EPFO adds 1.69 mn new subscribers in August, a 14.4% rise YoY. Retirement fund body EPFO net added 16.94 lakh new subscribers in August 2022, registering a 14.4 per cent rise as compared to the year-ago period, according to official data. The provisional payroll data of the Employees' Provident Fund Organisation (EPFO
Bajaj Finance Q2 results: Net profit jumps 88% to Rs 2,781 crore. The company booked 6.76 million loans in Q2FY23, up 7 per cent YoY compared to 6.33 million loans booked in the year-ago period
'Telcos may see steady Q2 as SUC saving aid margins; 5G updates key focus'. Telecom companies are expected to witness "steady" revenue growth in Q2FY23 with slight sequential uptick in average revenue per user albeit softer net additions, while SUC (spectrum usage charges) savings are seen lifting margins, say analysts. Amid mega
IDBI Bank privatisation: LIC to recover its investment by time of sale. State-owned insurance behemoth LIC is expected to recover its Rs 21,624 crore investment it had made in IDBI Bank as share prices are likely to rebound to 2019 levels by the time the lender is privatised, an official said. The official said that since the
Walmart's PhonePe investing 0 mn to set up data centres in India. The Bengaluru-based firm is setting up data centres in India at a time when it has completed three steps to move its domicile to India
ITC's Q2 net profit up 21% at Rs 4,466 cr as cigarette, snacks sales rise. ITC's standalone revenue from operations rose 27% to Rs 17,160 crore in Q2FY23
CCI fines Google Rs 1,338 cr for anti-competitive practices. CCI also ordered Google not to offer any incentives to smartphone makers for exclusively carrying its search services
SII stopped Covishield production in Dec 2021, says CEO Adar Poonawalla. Chief Executive Officer of Serum Institute of India (SII), Adar Poonawalla, on Thursday said the vaccine manufacturer stopped the production of Covishield vaccine starting December 2021, and of the total stock available at that time, around 100 million dos
IEX net profit falls 7% to Rs 71.20 crore in July-September quarter. Indian Energy Exchange (IEX) on Thursday reported nearly 7 per cent fall in its consolidated net profit at Rs 71.20 crore in September quarter compared to a year ago. The consolidated net profit was Rs 77.38 crore in the quarter ended on September 30, 2021
Sachin Tendulkar partners with digital cricket NFT platform Rario. Digital cricket collectibles platform Rario on Thursday announced that it has partnered with former cricketer Sachin Tendulkar to enter the non-fungible token (NFT) market
CCI slaps Rs 1,337.76 crore penalty on Google for unfair trade practices. The CCI in its press statement said that it found "Google to be dominant in all the above mentioned relevant markets"
Suzlon Energy's Rs 1,200-crore rights issue oversubscribed by 1.8 times. Suzlon Energy on Thursday said that its Rs 1,200-crore rights issue has been subscribed by 1.8 times. "The (rights) issue resulted into subscription of 435.46 crore shares resulting into oversubscription by 1.8 times. The issue period was from October 11,
Reliance Retail to mark entry in beauty and personal space market in Jan. The retailer is already in advanced stage talks to take over Sephora India rights from Arvind Fashions, which also gives it access into the premium beauty and personal care space offline
Dhanlaxmi Bank's shareholders seek to curb CEO's spending powers. The shareholders seek to suspend powers exercised by CEO Shivan JK in respect of all capital and revenue expenditure, except statutory payments such as salaries and wages
Infosys allows employees to take up gig work with managers' prior consent. Infosys has allowed employees to take up 'gig' jobs on the side with prior consent of managers provided such an engagement does not compete with the company, its clients or pose conflict of interest. The company, in an internal communication to employees,
ITC Q2 net profit rises 24% to Rs 4,619.77 crore; revenue up 24.4%. The company attributed the performance to strong and broad-based growth across markets and channels
Asian Paints announces Rs 2,400-cr capex plans for two manufacturing units. Asian Paints on Thursday announced Rs 2,100 crore of phased investment to set up a new plant to produce vinyl acetate ethylene emulsion (VAE) and vinyl acetate monomer (VAM) in the country. The company also announced another Rs 550 crore of investment to s
ICICI Securities Q2 PAT down 14% to Rs 300 cr; total income up marginally. ICICI Securities on Thursday reported a 14 per cent decline in profit after tax to Rs 300 crore in the three months ended September 2022 In comparison, the company had posted a Profit After Tax (PAT) of Rs 351.2 crore in the same quarter preceding fiscal,
Cable manufacturer DCX Systems' Rs 500-cr IPO to open for 3 days on Oct 31. The Rs 500-crore initial share-sale of DCX Systems, manufacturer of cables and wire harness assemblies, will open for public subscription on October 31. The three-day Initial Public Offering (IPO) would close on November 2, according to the Red Herring Pro
Manoj Kohli parts ways with SoftBank India as country head, say sources. Kohli has supported over 20 portfolio companies of the Japanese conglomerate and its Vision Fund
South Indian Bank posts net profit of Rs 223 crore in second quarter. Murali Ramakrishnan, MD and CEO of the Bank, while announcing the results, stated that the strategy of realigning the business by the bank had contributed to the above improved performance
L&T Finance Q2 results: Net profit rises 81% YoY on improved margins. Its capital adequacy was 22.65 per cent (Tier 1: 19.85 per cent) and Debt to Equity (D/E ratio) at 4.18 times in Q2FY23
Air India gets 72,000 job applications for cabin crew; 1,752 for pilots. The airline's aggressive expansion plan, which has already seen 17 long-grounded aircraft return to the skies with 12 more to follow, necessitates a significant expansion in flying crew
Users can now personalise ad experience with Google My Ad Center. Users will also have the ability to turn off ads personalization completely from easy-to-find controls on My Ad Center
Wipro appoints Suzanne Dann as CEO for Americas 2 Strategic Market Unit. In her new role, Dann will focus on increasing bookings, large deal signings, and revenue in high-growth strategic areas.
Shriram Transport Finance Q2 net profit rises 38% to Rs 1,067 crore. The operating profit for the second quarter of the current financial year was up by 24 per cent to Rs 2,131 crore compared to Rs 1,717 crore during the same period in 2021-22
Coforge Q2 net profit rises 36.6% to Rs 220 crore, revenue up 19.9%. The board has recommended an interim dividend of Rs 13 per share, with the record date for payout on 4 November 2022.
Salary hikes and bonuses start to come down for Indian IT services sector. FY24 hikes will stay at lower levels than the spike seen in FY22 and 23
India Inc hiring forensic companies to weed out moonlighters: Report. Forensic companies are checking voice samples to single out employees that are using Zoom for interviews with other companies
Hybrid model of work most preferred, work from office pushing up attrition. In the companies that announced work from the office in the next few months, the attrition rate was recorded at 29 per cent in August, a survey by HR solutions company Aon showed
Amazon witnesses biggest ever festive sale in India, says top exec. More than 80 per cent of the new customers came from smaller towns for the e-commerce giant's month-long festive sale event Great India Festival which would end on October 23
Adani Enterprises to raise Rs 1,000 cr via public issue of debentures. CareEdge has assigned 'A+' to the proposed issuance of debentures. It also reaffirmed ratings for long-term bank ratings 'A+' and short-term facilities 'A1+'
Lupin inks pact to acquire two inhalation brands from Sunovion for mn. Drug maker Lupin on Thursday said it will acquire two inhalation brands from Sunovion Pharmaceuticals Inc for USD 75 million (around Rs 622 crore). The drug firm has inked a pact with US-based Sunovion to acquire Brovana (arformoterol tartrate) inhalation
Persistent Systems targets to double revenues to bn in 4 years. Mid-tier IT company Persistent Systems on Thursday said it is targeting to double the revenues in four years to USD 2 billion. "We will aim to be a USD 2 billion revenue company in four years," its chief executive Sandeep Kalra told PTI, a day after the co
MoEF panel nod to RIL's Hazira manufacturing complex's Rs 10k cr expansion. The Expert Appraisal Committee under the Ministry of Environment, Forests and Climate Change has recommended Environmental Clearance for the Rs 10,000 crore expansion and debottlenecking of Reliance Industries Ltd's Hazira Manufacturing Division (HMD) in G
Start-up PickMyWork says will take up 500,000 gig workers in FY23. Gurugram-based company assists clients in getting customers, saving them cost and effort
Cash-for-gold lender Muthoot Finance joins trend shunning new dollar debt. Muthoot Finance Ltd. is extending a trend in emerging Asia that's dragged down bond issuance in the US currency to its lowest since 2015
Glenmark Pharma launches drug for diabetic patients with comorbidities. Glenmark Pharmaceuticals on Thursday said it has launched a fixed-dose combination for the treatment of diabetes for patients with comorbidities. The Mumbai-based drug maker said it has become the first company to launch Teneligliptin (20mg) + Dapagliflozi
Adani Transmission wins Rs 1,300-cr smart meter deal from Mumbai's BEST. Devices enable customers to online monitor their power consumption, says Adani about multi-year deal
AI receives over 73,750 applications for cabin crew, pilots in 2 months. Air India, which has embarked on expansion plans, on Thursday said it has received more than 1,752 applications for pilots and 72,000 applications for cabin crew in the last two months. The loss-making carrier, taken over by Tata group in January this year
HCL founder Shiv Nadar gets USISPF's Lifetime Achievement Award 2022. Bilateral non-profit organisation honours billionaire for his contribution to technology industry and philanthropy
Asian Paints' Q2 net profit rises 33% to Rs 804 cr; revenue up 19%. Asian Paints on Thursday reported 32.83 per cent rise in consolidated net profit at Rs 803.83 crore for the second quarter ended September 30, 2022 driven by robust sales. The company had posted a net profit of Rs 605.17 crore in the same quarter last fisc
Committed to Axis deal; will follow earlier methodology: Max Life CEO. Max Life and Max Financial Services are committed to going ahead with the deal with Axis Bank, which will see the latter acquire another 7 per cent stake in the life insurance company, said the CEO
Sebi clears govt proposal to turn Vodafone Idea dues into equity: Report. The govt's stake in Vodafone after the conversion could be more than 30%, says a govt official
Hitachi Energy to supply transformers for NTPC renewable energy park. The NTPC REL facility in Kutch produce electricity to support 8 million people
Revfin raises mn in series A funding from Green Frontier Capital. Revfin plans to use the funds to expand its geographical footprint to 25 states and capture over 10 per cent national market share of financed electric three-wheelers
Paracetamol maker Granules India Q2 net profit jumps 80% to Rs 145 cr. Pharmaceutical company Granules India Ltd reported an 80% surge in quarterly profit on Thursday, boosted by higher sales of painkiller drug Paracetamol
Shoppers Stop posts net profit of Rs 18 cr in Q2; revenue jumps 59%. Shoppers Stop reported a 60% jump in its second-quarter revenue on rebounding demand for clothes and shoes even as its move to spend heavily on fresh stock ahead of the festive season pressured profit
Nokia sees improved Q3 profit, higher sales on strong demand for 5G. Wireless and fixed-network equipment maker Nokia reported substantially improved third-quarter profits and higher sales on Thursday on the back of strong demand for 5G technology from operators. The company, based in Espoo, Finland, reported net profit of
Colgate-Palmolive's India arm beats Q3 earnings estimates on price hikes. Sales increased nearly 3% to Rs 13.78 billion
PhonePe investing 0 million on building data centres: Official. Walmart-owned payment services provider PhonePe on Thursday said it is investing USD 200 million (around Rs 1,661 crore) on building data centres in the country, a top official said on Thursday. The investments are driven by the regulatory insistence on da
More companies will have to focus on profitability in future: Nikhil Kamath. If interest rates continue at their current trajectory, the appetite will go down, impacting the consumption and the markets, co-founder of Zerodha and True Beacon said
Bajaj Finance beats estimates as Q2 net profit surges 88% to Rs 2,781 cr. The gross non-performing asset ratio, a measure of asset quality, eased to 1.17% at the end of September from 2.45% a year earlier
Axis Bank's Q2 net profit jumps 70% to Rs 5,330 cr as provisions slide. The lender's net interest income rose 31% on an annual basis and 10% on a sequential basis
Saurabh Agrawal takes over as Tata Power Renewable Energy's chairman. Three more directors including Eduard Ruijs, the Managing Director and Head of the London based BlackRock Global Infrastructure Fund team, also joined the board.
South Indian Bank posts profit in Q2 at Rs 223 cr; asset quality improves. South Indian Bank (SIB) on Thursday reported a net profit of Rs 223.10 crore for the quarter ended September 2022 as provisions for bad loans came down significantly. The lender had posted a net loss of Rs 187.06 crore in the same quarter a year ago. Total
Top headlines: Axis Bank Q2 net jumps 70%; Bajaj Finance Q2 net surges 88%. Business Standard brings you top news of the evening
Indian airline Akasa Air ekes out 1% share of skies as IndiGo leads pack. Chief Executive Officer Vinay Dube has said Akasa is financially strong enough to place larger orders and expand its fleet to 72 aircraft within five years.
Retailers, mall developers eye growth beyond metro cities, says report. Growing internet usage has whetted the appetite for quality products in these cities and has given a fillip to e-commerce too
Wipro Consumer Care-Ventures invests in Indonesia based start-up, YOUVIT. The brand is focused on creating premium quality, yet affordable, products to support the daily lifestyle needs of the consumers
REC, PFC to provide Rs 8,520 crore finance for Buxar thermal power plant. State-owned REC Ltd and Power Finance Corporation have inked a pact to provide Rs 8,520.92 crore finance for setting up a 1,320 MW thermal power plant at Buxar by SJVN Thermal Private Ltd. "REC Limited and Power Finance Corporation Limited (PFC) - Maharat
Piramal Pharma ends at Rs 192 on debut, valued at Rs 22,882 cr at close. Domestic brokerage Motilal Oswal has set a price target of Rs 210 for the stock
Inox Leisure Q2 net loss narrows to Rs 40 cr, revenue rises multi-fold. Multiplex chain operator Inox Leisure Ltd on Wednesday reported a narrowing of its consolidated net loss to Rs 40.37 crore for the second quarter that ended on September 30, 2022, helped by rising footfalls at cinema halls. The company had posted a net los
Committed to completing open offer process for 26% NDTV stake: Adani group. Adani Group, which missed the date for the launch of an open offer to buy an additional 26 per cent stake in NDTV, on Wednesday said it is committed to completing the process and has asked SEBI to provide comments on its draft open offer letter. The conglo
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