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NSE share market NEWS tomorrow (12 October, 2022). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (12 October, 2022). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 12 October 2022

Mazagon Dock was amongst the top gainers, currently trading at 616.85 in NSE with 1.31 times change in volumes and 6.574% change in price. Other gainers included Manappuram Finance with 4.94% price change and 3.668 times volumes, Kpit Technologies with 4.198% price change and 1.873 times volumes, Idfc First with 3.766% price change and 1.709 times volumes, and Cholamandalam Investment with 3.532% price change and 2.37 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.

Pg Electroplast was amongst the top losers, currently trading at 1057.30 in NSE with 0.223 times change in volumes and -3.742% change in price. Other losers included Laurus Labs with -2.616% price change and 1.669 times volumes, Ncc with -2.446% price change and 1.562 times volumes, Pb Fintech with -2.213% price change and 2.724 times volumes, and Suzlon Energy with -2.113% price change and 1.05 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.

Byju's aims for profitability by March 2023, to fire 2,500 employees. Edtech major Byju's has chalked out a plan to become profitable by March 2023 to optimise its marketing and operational cost, which will lead to retrenchment of 5 per cent employees or about 2,500 people in next six months. Byju's co-founder Divya Gokulnat

HCLTech revenue growth guidance raised to 13.5-14.5%; Q2 profit up 7%. Revenue grows 19.5% to Rs 24,686 crore in Q2

Moonlighting a 'question of ethics', says Wipro CEO Thierry Delaporte. Weeks after Wipro fired 300 of its employees for moonlighting, the company's CEO Thierry Delaporte on Wednesday said that while little side jobs were fine, working for a competitor is a "question of ethics". With record-high attrition rates adding to the w

TVS Motor Company roars past Hero MotoCorp in market capitalisation. TVS has seen the highest earnings upgrades among auto makers over the last few months

NBA, Reliance Retail launch extensive range of merchandise in India. The National Basketball Association and Reliance Retail announced a multi-year collaboration to launch an extensive range of NBA merchandise in India

Anil Agarwal-led Vedanta group gets shareholder nod to rejig capital. The development acquires significance since Vedanta's holding company, Vedanta Resources, will receive nearly 70 per cent of the dividend to be distributed

RBI's revised ARC norms: Aircel, RCom debt resolution faces uncertainty. Reliance Communications, then owned by Anil Ambani, had to shut down its business operations as a result of its high debt burden and a failed merger with Aircel

Byju's to lay off 2,500 staffers, targets profitability by March. The company is also realigning marketing spending to enhance its global footprint

Reliance Retail's brand partnerships increase three-fold in the past decade. A Business Standard analysis found that while the number of Reliance retail stores has grown fourfold in six financial years, this growth has not been uniform

EV solutions start-up Vecmocon raises .2 mn for business expansion. Company assists OEMs and others with the latest technology and components

Dish TV, 4 others settle non-disclosure of AGM voting results with Sebi. Direct-to-Home operator Dish TV India Ltd and four others have settled with markets regulator Sebi a case pertaining to alleged non-disclosure of voting results of the company's Annual General Meeting (AGM) held on December 30, 2021. Apart from Dish TV, it

Govt scraps sale of SAIL's Bhadravathi plant on low bidder interest. During the current financial year (FY23), so far, Rs 24,543.67 crore has been obtained as disinvestment receipts against the target of Rs 65,000 crore

Ozonetel starts WhatsApp platform for firms' customer communications. Service will reduce organisations' cost of operations by over 75%, says company

Shareholders of PVR approve the proposed merger with Inox Leisure. The proposal was passed by over 99 per cent of the number of valid votes cast, PVR said

Reliance Retail, NBA sign contract to launch merchandise in India. The new merchandise is available for fans at select Reliance Retail stores across the country and on Reliance Retail's e-commerce platforms.

Fireside Ventures announces final close of third fund at 5 million. Fireside is betting big on market for D2C brands in India which is set to touch 0 billion by 2025

Govt okays Rs 22,000 crore one-time grant for OMCs to battle losses. This will help them tide over continuing losses in providing domestic liquified petroleum gas

Drug regulator halts production at Maiden Pharma's Sonipat unit. Centre forms panel to analyse causal relation between deaths and cough syrups

West Bengal govt hands over Letter of Award for Tajpur port to Adani Ports. At the event attended by industrialists and CEOs, Banerjee pointed to the growth in agricultural output and said, "Similarly, we have to take care of industry and investment."

Uber, Ola, Rapido continue auto services despite Karnataka govt's ban. Bengaluru is estimated to have about 200,000 autorickshaws out of which around 100,000 offer services through ride-hailing platforms

HCLTech restructures the top management with a new COO and CHRO. VV Apparao, who has worked as the company's Chief Human Resources Officer (CHRO) since 2017, will now take over as the chief delivery officer for nearshore.

Here's why Adani Wilmar expects Q2 revenue growth in low single digit. Edible oil major Adani Wilmar on Wednesday said the company's overall revenue in the July-September quarter will annually grow by low single-digit amid a fall in rates of edible oils. Adani Wilmar markets its edible oils and other food items under the Fort

Fireside Ventures announces 5-mn fund for investment in Indian startups. Venture capital firm Fireside Ventures on Wednesday announced closing of its third fund at USD 225 million or Rs 1,830 crore, which it plans to invest in Indian startups over a period of the next 10 years. The new fund is double the size of its previous fu

PepsiCo's beverage volume logs double-digit growth in September quarter. It also said, Beverage unit volume grew 11 per cent, primarily reflecting double-digit growth in India

LIC sells over 2% stake in Power Grid for Rs 3,079 crore in 5 months. LIC has sold over 2 per cent of its holding in Power Grid Corporation over the past five months for Rs 3,079.43 crore, the insurer said on Wednesday. There is a decrease of 2.003 per cent in holding during the period from May 18, 2022 to October 11, 2022.

Disapprove moonlighting, but issue not a big problem in company: HCL Tech. HCL Technologies on Wednesday weighed into the issue of moonlighting, that has created quite a stir in the industry, and said while it does not approve of dual employment, the issue is not a major one within the company. Put simply, moonlighting refers to

Zoho Corporation's business operating system grows 150% in last two years. License upgrades by customers who adopted Zoho One five years ago have increased 92 per cent, contributing to this growth.

RBI says regulated bodies can't get fresh ratings from Brickwork Ratings. Sebi carried out a series of inspections against Brickwork, which obtained its licence as a CRA in 2008, starting April 2014, which led to multiple adjudication proceedings against the firm

Delta Air Lines says it's investing million in air taxi developer. Delta Air Lines says it has invested million in a startup that hopes to build electric helicopter-like air taxis to ferry passengers to the airport. Delta announced Tuesday that it has taken a 2% stake in Joby Aviation, and could invest up to another $

Ready to talk with startups to address their concerns: Sitharaman. The government is ready to talk with the startups who are contemplating moving overseas and address their issues as much as it can to help them stay in India, Union Finance Minister Nirmala Sitharaman said on Tuesday. Prime Minister Narendra Modi, she told

Adani Data Networks gets unified licence for full fledge telecom services. Adani Data Network has been granted unified licence for access services, which enables it to provide all telecom services in the country, according to two official sources. Adani Group entered the telecom sector after buying spectrum in the recent auction.

India's green energy firms join hands to develop carbon-credit market. India's green energy companies, such as Adani Greens, and carbon offsetters like EKI Energy Services, have come together to develop a carbon credit market to help achieve energy transition goals

Attrition in IT companies likely to stay at 20% over recession fears. Tata Consultancy Services (TCS), in its quarterly results announced on Monday, said that the attrition in Q2FY23 was 21 per cent, it was 19.7 per cent in Q1FY23

Govt fines Ramban Tunnel contractor Rs 8.5 cr for collapse that killed 10. The highway authority has ordered the immediate removal of key personnel involved in the project and their debarment for a period of one year

Preliminary report suggests lapse in manufacturing process at Maiden Pharma. The firm has been in news for supplying contaminated cough syrups to Gambia, which is linked to the deaths of 66 children due to the presence of contaminants

D2C footwear start-up Yoho raises Rs 20 cr in pre-series A funding. Funds will be used by the company to create capabilities for new product propositions and sustainable manufacturing standards

MCA approves demerger of NMDC steel plant in Chhattisgarh from NMDC. : The Ministry of Corporate Affairs (MCA) has approved the demerger of NMDC Steel, a three-million tone steel plant in Chhattisgarh, from NMDC Ltd, the iron ore miner said. This is to inform you that the Company is in receipt t of the MCA Order dated 06.10

Haryana stops production at plant making cough syrups flagged by WHO. 12 violations found at Maiden Pharmaceuticals' Sonipat facility, says state health minister

Zee Entertainment, Sony Pictures merger to escalate race for ads, content. Once Zee and Sony are merged, the new company will compete with Disney Star and Viacom18 for a larger share of advertising revenue and more content, according to media experts

E-commerce solutions provider Assiduus Global raises mn in funding. The company will use the financing to improve its technology and expand its business

M&A activity touches all time high in 2022, 58.2% higher than 2021: Report. In Private-Equity (PE)-backed M&A activity, India crossed China for the first time since 2008 accounting for 28 per cent of the market share as compared to China's 24 per cent

Coca-Cola India expands distribution network to rural mkts, kirana stores. "Consciously working on addressing the needs of rural consumers by offering them the most relevant packs," said Coca-Cola India

IndiGo, SpiceJet to wet lease aircraft in the winter to enhance capacity. Wet leasing is an arrangement where the lessor provides an aircraft along with crew and maintenance, and has operational control

Indian craft beer maker Bira 91 to buy Beer Cafe in all-stock deal. Started in 2015, Bira is one of India's most popular craft beer makers and is backed by Japan's Kirin Holdings and Belgium's Sofina

Wipro Q2 results: Net profit declines 9% to Rs 2,659 cr; revenue rises 15%. However, on a sequential basis, the IT firm's profit rose 3.72% in the quarter under review, from Rs 2,563.6 cr in the previous June quarter

Homegrown ed-tech platform Adda247 raises million; Google new investor. Government test prep platform Adda247 on Wednesday said it has raised million in a round led by WestBridge Capital; the round also saw Google as a new investor

HCL Tech Q2 net rises 7% to Rs 3,489 cr, firm declares Rs 10 dividend. The company's revenue from operations rose 19.5% to Rs 24,686 crore in Q2FY23

Multiplex chain PVR's shareholders approve merger with rival INOX Leisures. Multiplex operator PVR on Wednesday said it has received the nod from its shareholders for the scheme of merger with rival Inox Leisure. The leading cinema exhibitor convened a meeting of its shareholders on Tuesday following the directions of the Mumbai b

VVDN signs deal to make Intel products for telecom, networking in India. Gurgaon-based company is a beneficiary of the government's PLI scheme for IT hardware, telecom

India Inc's Q2 profit may fall on commodity price pressures: Report. India Inc is expected to report a three per cent year-on-year decline in profits for the July-September period, a report said on Wednesday. This fall in profitability will be the fourth straight quarter of the decline in profits for the listed companies, r

NSDL acquires 5.6% stake in govt's e-commerce project ONDC for Rs 10 crore. Leading depository NSDL on Wednesday said it has acquired a 5.6 per cent stake in the Union government's Open Network for Digital Commerce for Rs 10 crore. National Securities Depository Limited (NSDL) invested an amount of Rs 10 crore in ONDC under the pr

Health-tech start-up Good Health Company raises mn in funding. Hyderabad-based company will use financing to introduce more product categories and expand team

Govt scraps sale of SAIL's Bhadravathi plant on low bidder interest. The government on Wednesday scrapped the privatisation of SAIL's Bhadravathi steel plant due to insufficient bidder interest. The Expression of Interest (EoI) for selling SAIL's 100 per cent stake in Visvesvaraya Iron and Steel Plant (VISP), Bhadravathi in

Wipro's Q2 profit slips 9.2% amid high employee costs; revenue up 14.6%. Attrition for the quarter was at 23 per cent, down from 23.3 per cent from last quarter

DoT, Meity to hold meeting of smartphone firms, telcos to resolve 5G issues. Top officials of the DoT and IT ministry have called a joint meeting of smartphone companies, including Apple and Samsung, and telecom operators on issues related to provide smooth access to 5G services, a government official said on Tuesday. While over 10

TCS shares fall nearly 2% after Q2 results; m-cap declines by Rs 19,118 cr. Shares of Tata Consultancy Services (TCS) on Tuesday fell by nearly 2 per cent, a day after the firm announced its September quarter earnings. The results were announced post market hours on Monday. The stock of the IT services exporter declined 1.67 per c

India facilities of Cipla, Dr Reddy's Labs, join Global Lighthouse Network. The World Economic Forum on Tuesday announced the addition of 11 factories and industrial sites, including three from India, to its Global Lighthouse Network. From India, the additions are pharma major Cipla's Indore facility, Dr Reddy's Laboratories' Hyde

Cisco launches India Webex infra, sees permanent shift to hybrid work model. Facility's dedicated data centre will enable Cisco to offer India-specific pricing for its customers, taking down costs by over 50%

Rising median loan rates lead to fall in affordability of homebuyers. A cumulative increase of 0.95 per cent in median home loan rate has impacted the purchase affordability and purchase decisions of homebuyers, according to the Affordability Index by Knight Frank

DoT summons mobile device makers, telecom companies to push 5G updates. The two sides play a blame game as users' search for 5G services continues

Masani re-elected as Prez of Asia Pacific Audit Bureaux of Certification. Masani was unanimously re-elected as the President of Asia Pacific Audit Bureaux of Certification as well as Executive Board Member of IFABC (Hon Treasurer)

Apartments sales in 7 cities at 161k units in Jan-Sep; highest since 2015. Sales of only apartments in January-September this year across seven cities stood at 1,61,604 units, surpassing the annual numbers achieved in the last seven years, according to JLL India. Property consultant JLL India on Tuesday released the residential s

T20 WC: INOX signs deal with ICC to live screen India matches in cinemas. Leading multiplex chain INOX Leisure Ltd will live screen all matches to be played by India at the upcoming ICC Men's T20 World Cup 2022 in its cinema halls across the country. It has signed an agreement with the International Cricket Council (ICC) in this

Suzlon secures 144.9 MW wind power order from Aditya Birla Group. Suzlon Group on Tuesday announced that it has bagged an order for the development of 144.9 MW of wind power projects for Aditya Birla Group. "Suzlon Group, which has India's largest wind energy installed base, today announced its new order win for the deve

Marksans Pharma to acquire Tevapharm's bulk formulations business. Drug firm Marksans Pharma on Tuesday said it has inked a pact with Tevapharm India to acquire its Goa-based bulk pharmaceutical formulations business. The company has entered into a business transfer agreement with Tevapharm to acquire its business relatin

Chinese carmaker BYD drives into Indian e-SUV segment with Atto 3. Atto 3 can be charged from 0 per cent to 80 per cent within 50 minutes, and it has a range of 521 km. It can reach 0 to 100 km/h acceleration in 7.3 seconds

Dhoni picks up equity in plant-based protein startup 'Shaka Harry'. Former Indian skipper Mahendra Singh Dhoni has picked up equity in the plant protein startup Shaka Harry', the company said on Tuesday. The startup, which has created plant-based mock-meat, said it has received USD 2 million in a seed funding round led by

India's first Covid cure Vincov-19 completes second phase clinical trial. Completes phase 2 trials successfully on 200 patients

Infosys says Ravi Kumar S resigns as President effective today. IT services major Infosys on Tuesday said its president Ravi Kumar S has resigned from his post. The company did not give any reason for the move which comes just days ahead of its second quarter earnings announcement. "The board of directors placed on rec

Google takes on lease 464,000 sq ft space at Adani data centre in Noida. Adani Enterprises has given on lease 4.64 lakh square feet of space at its data centre in Noida to Raiden Infotech, an entity of Google, for Rs 11 crore monthly rent, according to documents accessed by CRE Matrix. The documents, accessed by the data analyt

AirAsia India plane's fairing panel found missing; DGCA orders probe. Aviation regulator DGCA is probing an incident where a fairing panel was found missing on the wing of an AirAsia plane that landed at the airport here on Monday, according to a senior official. The aircraft, carrying 143 passengers, had landed from Bengalu

Jio 5G network records top median speed of 600 mbps, beats Airtel: Ookla. Telecom major Jio's 5G network has shown top median download speed of close to 600 megabit per second, while Bharti Airtel's network has posted top speed of about 516 mbps, broadband speed research firm Ookla said in a report on Tuesday. The report, based

TCS launches solution to help central banks in use of digital currencies. As major central banks work towards roll-outs of digital currencies, India's largest software exporter TCS on Tuesday announced a solution which will aid in their roll-outs and usage. The Tata Group company has enhanced its blockchain solutions platform Qu

Industry body Nasscom launches responsible AI hub and resource kit. The resource kit comprises sector-agnostic tools and guidance to enable business to leverage AI to grow scale with confidence by prioritising user trust and safety, the Indian IT industry body said.

Ravi Kumar S resigns as president effective today, says Infosys. Kumar, worked with Infosys for almost 20 years, and led the Infosys Global Services Organisation across all industry segments.

Sebi gives go-ahead to HSBC AMC's acquisition of L&T Investment Managers. HSBC MF to subsume MF schemes being operated by L&T MF

IndiGo to launch Mumbai-Istanbul flights from Jan 1, bookings begin. No-frills airline IndiGo on Tuesday said it will connect the city with Istanbul in Turkey from early next year. The non-stop air services on the new route, which will commence from January 1, will be operated daily. Bookings for these flights began from Tu

Tata Group has no plans to enter 5G consumer space, says N Chandrasekaran. Tata Sons Chairman N Chandrasekaran on Tuesday said the conglomerate does not have any plans to have a 5G offering for consumers. He said the group, which exited its consumer-facing telecom service due to losses a few years ago, has concentrated its effort

Start-up funding nosedives by 80% in Q3 and CY22: Tracxn report. The top three sectors to receive maximum funding this quarter were alternative lending, genomics and payments

Karnataka govt orders Ola, Uber, Rapido to stop auto services from Oct 12. The Karnataka government warned app cab aggregators that it would be imposing a fine of Rs 5,000 on vehicles found operating illegally

India's e-retail market to increase to 0 bn-0 bn by 2027: Report. India's e-retail market rose to approximately billion in 2021 and is slated to reach billion in 2022

As consulting firms enter tech, problems grow for Indian IT companies. European clients, which typically account for a quarter to a third of Indian firms' sales, are almost certain to cut their tech budgets - at least until the war in Ukraine comes to an end

Tata to triple Zoya stores by 2027 as India's new rich fuel brand expansion. India's expected surge of rich consumers is driving the jewelry unit of Indian conglomerate Tata Group to triple its Zoya-branded stores by 2027

TCS to give full variable pay to 70 per cent employees in Q2FY23: Report. In Q2FY23, TCS saw an eight per cent year-on-year (YoY) jump in its net profit to Rs 10,465 crore, beating the estimates

Amazon to invest over 1 bn Euros to electrify delivery fleet in Europe. E-commerce giant Amazon has announced that it will invest more than one billion euros to further electrify its transportation fleet across Europe over the next five years

What is 'Google Tax' or Diverted Profits Tax and the Singapore case?. Diverted Profits Tax, commonly known as "Google tax", refers to tax provisions designed to counter the practice of profits being diverted to other jurisdictions that have lower or zero tax rates

Financial status of Indian airlines likely to remain under pressure: ICRA. The financial performance of Indian airlines is likely to remain under pressure in the near term, even as recovery in domestic passenger traffic has been healthy, said Corporate Rating firm ICRA

India's startup sector sees 80% drop in Q3 funding, slowdown to continue. The funding in Indian startups nosedived a massive 80 per cent (year-on-year) in the third quarter (July-September period) this year, with the late stage funding seeing the biggest fall

Chinese EV maker BYD to launch 1st passenger car in India amid global push. Warren Buffet-backed Chinese electric carmaker BYD will launch its first passenger car in India on Tuesday, an electric SUV, marking its entry into the mainstream market

Suzlon Energy looks to pare debt by Rs 583.5 crore after rights issue. Targets repaying remaining debt in eight years; Rs 1,200 crore opened on Tuesday

Startup funding drops by 80% YoY to bn in Q3 of Calendar 2022: Tracxn. Average ticket size also dips across all funding stages, late-stage sees biggest fall of 70%, indicating that investors aren't willing to make large investments until economic conditions improve

JSW Cement to invest over Rs 3,200 crore in new plants in MP and UP. The combined cement capacity of these units will be 5 million tonnes per annum

Jio-bp to set up charging network for M&M's upcoming e-SUVs' launches. Starting with 16 cities, Jio-bp will install DC fast chargers at M&M dealership network and workshops across the country

TCS says confident of achieving double-digit revenue growth in FY23. TCS is confident of achieving a double-digit revenue growth in the current fiscal and will be targeting a similar performance in FY24 as well, a senior executive said on Tuesday. The largest IT services exporter's ability to achieve the number in FY24 will

French mineral firm Imerys plans to ramp up Vizag plant production. Will increase calcium aluminates capacity by 2030 to about 50,000 tonnes from 30,000 tonnes currently in line with India's target of achieving a 300 million tonne crude steel capacity

Indian Immunologicals to double foot and mouth disease vaccine capacity. To Invest Rs 700 crore in Hyderabad for new animal vaccine facility

Oddr raises mn in seed round from Saama Capital and Twin Ventures. Oddr, which is based in Silicon Valley and India, is planning to launch its services in North America, the UK and Australian market along with setting up an R&D centre in India

TCS to hire additional 10k-12k freshers in current year amid 21% attrition. "Attrition will need at least four quarters to come down to 20%. But the overall number of people leaving the company will come down significantly," said Milind Lakkad, Chief HR Officer of TCS.

TCS beats Street estimates in Q2, net rises 8.4%; attrition remains high. Net profit has crossed the Rs 10,000-crore mark for the first time

Inga, TIH Singapore tie up to launch PE fund for mid-sized companies. The fund has set an overall target of raising Rs 500 crore and has received commitment of Rs 25 crore

Latest stock market News for tomorrow Access previous news reports: 792793794795796797798799800801802803804805806807808809810

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