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NSE share market NEWS tomorrow (11 October, 2022). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (11 October, 2022). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 11 October 2022

Pg Electroplast was amongst the top gainers, currently trading at 1098.40 in NSE with 0.611 times change in volumes and 2.167% change in price. Other gainers included Axis Bank with 1.12% price change and 1.131 times volumes, Federal Bank with 0.865% price change and 1.731 times volumes, Adani Enterprises with 0.853% price change and 1.599 times volumes, and Computer Age with 0.85% price change and 0.766 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.

Mazagon Dock was amongst the top losers, currently trading at 578.80 in NSE with 0.375 times change in volumes and -7.444% change in price. Other losers included Suzlon Energy with -7.19% price change and 1.648 times volumes, Jsw Energy with -5.329% price change and 0.611 times volumes, Divi S with -5.002% price change and 5.132 times volumes, and Havells India with -4.906% price change and 2.578 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.

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

MG Motor India expects to turn profitable next year on higher sales. MG Motor India expects its operations to turn profitable next year as it looks to double its volumes with higher production capacity in place, the company's President and Managing Director Rajeev Chaba said on Monday. The company, which has been impacted b

Licious launches D2C plant-based meat brand, eyes pole position within a yr. The plant-based meat market in India is likely to touch 0 million in three years, according to analysts.

Tata Motors' global sales up 33% in Sept quarter at 335,976 units. Tata Motors on Monday reported 33 per cent increase in global sales, including that of Jaguar Land Rover to 3,35,976 units in September quarter 2022. It had sold 2,51,689 units in the same period last year. Global wholesale units of all Tata Motors' commer

Small cities dominate e-comm platforms' festival sales: Industry players. Small cities dominated the festival season sales of e-commerce platforms accounting for around Rs 24,000 crore or around 60 per cent of the total market share in value terms, according to industry players. The figures are for the recently-concluded festiva

Delhi HC grants more time to DMRC to pay Reliance Infra arbitral award. The Delhi High Court granted time till October 31 to the Delhi Metro Rail Corporation to formulate a plan for the payment of the arbitral award amount to the Delhi Airport Metro Express Private Ltd

Hero MotoCorp aims to lead clean mobility transformation with VIDA V1. Hero MotoCorp aims to lead the mobility transformation towards cleaner solutions with its electric scooter VIDA V1, as per a top company official. The country's largest two wheeler maker forayed into the electric space last week with the launch of its firs

Ashok Leyland, IIT Madras tie up to develop hybrid EVS using turbine tech. While the main powertrain will be the electric motor, the onboard power would be generated by a micro gas turbine developed jointly by NCCRD and Aerostrovilos Energy, an IITM-incubated start-up

Adani Ports receives NCLT approval to acquire 58.1% in Gangavaram Port. Deal to be a share swap, with issuance of 47.7 million APSEZ shares to the erstwhile GPL promoters; post-transaction, GPL will become a fully-owned subsidiary of APSEZ

Tata Motors' website faces glitches after customers rush to book Tiago.ev. Tata Motors on Monday said its website faced temporary glitches as customers rushed in to book its recently introduced electric hatchback Tiago.ev. Bookings for the model commenced on Monday and deliveries are expected to commence from January next year. "

TCS sees softness in long-term deals after second-quarter beat. Many of India's top IT services firms are looking at various cost-cutting measures, as they are worried that tightening budgets at recession-wary US and European clients will sharply hit their profits

Delhi HC directs L'Oreal to pay profiteered amount of Rs 186 crore. The court, which clubbed the petitions, had posted the matter for next hearing on October 19

Amid expanding fleet, Vistara looks to hire AirAsia pilots on deputation. Full service carrier Vistara is looking to rope in pilots on deputation from budget airline AirAsia India to ensure adequate crew for its expanding fleet of A320 planes, according to sources. Both airlines are part of the Tata group and the latest move ind

TCS says moonlighting 'ethical issue'; no action taken against any staff. The country's largest IT services exporter TCS on Monday said moonlighting is an "ethical issue" and against its core values but has not taken any action against any staff. The company, which employs over 6.16 lakh people, will take into account all the r

Inox Green Energy Services sells entire stake in 3 arms to Adani Energy. Inox Wind on Monday said its arm Inox Green Energy Services has sold its entire equity stake in three special purpose vehicles to Adani Green Energy. "Inox Wind... through its subsidiary arm, Inox Green Energy Services Ltd (IGESL) has sold the entire equit

CCI okays equity and CCD allotment of five highway SPVs by Indinfravit. The five SPVs are engaged in operating and maintaining highways in the states of Andhra Pradesh, Uttar Pradesh, Bihar and Maharashtra

Bajaj Auto buys back 6.4 mn shares worth Rs 2,499.97 cr at Rs 4,600 apiece. Bajaj Auto Ltd on Monday said it has bought back over 64 lakh shares from public shareholders for Rs 2,499.97 crore under its share buyback exercise. The company, which had commenced the share buyback on July 4, 2022, said its Buyback Committee at its meet

Infosys board to consider a proposal for buyback of equity shares on Oct 13. IT major Infosys Ltd on Monday said its board would decide on a proposal for share buyback in its meeting to be held on Thursday. The board of the company will consider a proposal for buyback of fully paid-up equity shares of the company at its meeting to

CCI clears ADIA's minority stake buy in Intas Pharmaceuticals. Anti-trust regulator Competition Commission of India (CCI) on Monday cleared Platinum Owl's acquisition of a minority stake in Intas Pharmaceuticals. The proposed transaction involves a secondary acquisition by Platinum Owl of 3 per cent of the equity shar

Adani group eyeing to raise billion for renewables, cement arms. Small investors may look at gaining small stakes in the Adani group. However, bigger firms may soon launch joint ventures with the group in the coming days

Reliance Industries, Jio in talks to raise funds through foreign loans. The loans, which are likely to have a five-year term, are anticipated to be priced 130-150 basis points higher than the Secured Overnight Financing Rate (SOFR), a benchmark rate used around the world

Adani Group may buy debt-laden Jaiprakash's cement unit for 6 mn: Report. The acquisition will be made by one of the cement units recently acquired by Asia's richest person, the people said, adding an announcement was expected as early as this week

Paytm loan disbursals up 482% YoY in Q2, firm sees 'continued growth'. Festive season preparation drives business for digital payments company

Warburg Pincus to acquire majority stake in MSME lender Vistaar Finance. NBFC has more than Rs 2,600 crore in AUM and it has some 200 branches

Consolidation picks pace in cement sector; JSW, Adani to buy smaller units. Adani aims to become India's top cement company by 2030; rival Ultratech stepping up capacity

Why are India's super wealthy looking abroad for family offices?. RIL Chairman Mukesh Ambani is setting up a family office. It's a trend among wealthy Indian families who set up such entities, often overseas. Find out why the India's super wealthy are looking abroad

Music education platform Artium Academy raises mn in funding round. Company offers courses designed by musicians Sonu Nigam, KS Chithra, Shubha Mudgal and others

New Jersey-based Amneal Pharma starts mfg operations for Indian market. The firm already has manufacturing units in four Indian cities, all of which are focused on the export market

JSW Steel reports combined production growth of 12% to 5.68 MT in Jul-Sep. JSW Steel has reported a 12 per cent year-on-year growth in its combined steel production at 5.68 million tonne (MT) in the quarter ended September 2022. In the year-ago-period, its combined steel output was at 5.07 MT, JSW Steel said in a statement. "JSW

TCS' Q2 net profit rises 8% to Rs 10,431 cr, firm declares Rs 8 dividend. The firm's consolidated revenue from operations rose 18% to Rs 55,309 cr

Auto sales up 57% during Navratri as all categories put up strong show. Overall sales were also 27% higher than Navratri 2020 and 16% above the pre-pandemic season in 2019; trend seen continuing till Diwali

Flickstree raises mn in pre-series B round led by Venture Catalysts. Flickstree is a content and marketing tech start-up that uses AI to create free branded video content; its data engine promote these videos, which keep churning transactions in auto-pilot mode

Top headlines: TCS Q2 net rises 8%; Nobel economics for research on banks. The firm's consolidated revenue from operations rose 18% to Rs 55,309 crore in Q2FY23 as against Rs 46,867 crore in Q2FY22

NMDC leaves lump ore prices, fines unchanged for third straight time. State-owned mining giant NMDC has left the prices of lump ore and fines unchanged for the third time in a row. In a regulatory filing on Monday, NMDC said it has fixed the prices of lump ore at Rs 4,100 per tonne and that of fines at Rs 2,910 a tonne with

5G-enabled device shipments speed up: Here're top brands in India. Currently only 8-9 per cent of all smartphones in India are 5G enabled but adoption is increasing fast

Renault SA open to reducing stake in Nissan Motor in carve-out talks. Executives have discussed Renault's carve-out plan and reshaping the pair's two decade-old alliance since February during meetings in France and Japan.

Hyundai Motor India posts highest PAT in 4 years at Rs 2,861.77 cr in FY22. Hyundai Motor India Ltd recorded a 55 per cent rise in its profit after tax at Rs 2,861.77 crore in the fiscal ended March 31, 2022, its highest in four years, according to financial data accessed by business intelligence platform Tofler. The company, whic

Karcher India expects double-digit growth, aims to be 100 mn firm by 2030. Germany-based cleaning solutions provider Karcher anticipates a strong double-digit growth in the mechanised cleaning industry in India in coming years and aims its unit here to be a 100 million Euro (around Rs 807 crore) company by 2030, said a company of

Andersen Global sees extraordinary mkt opportunities in India: CEO Vorsatz. Tax firm Andersen Global sees 'extraordinary' market opportunities in India and will continue to add quality manpower and focus on training, its Chairman and CEO Mark L Vorsatz said. The global tax firm is looking to expand its practice in Japan and China

Zoho's Vembu warns SaaS players of slowdown; sees growth, hiring decline. The company is betting big on tier II and tier III cities because it says a big part of the talent pool comes from there

DMRC seeks Rs 3,500 cr from govt to comply with directions in DAMEPL case. The DMRC has sought a sum of Rs 3,500 crore from the Government of India in the form of grant/equity interest free subordinate debt to comply with High Court directions in the DAMEPL case

AM/NS India eyes 0-300 mn gain from purchase of Essar group infra assets. The port and power assets are primarily captive to AM/NS' Hazira steel plant in Gujarat, will expand firm's footprint and operating efficiencies

IOC, HPCL, BPCL may post 2nd consecutive quarterly loss in July-Sept. State-owned oil marketing companies IOC, BPCL and HPCL may for the first time ever post the second consecutive quarterly loss with a combined loss of Rs 21,270 crore in July-September, on holding petrol and diesel prices below the cost of production. The t

IDBI Bank bidders need to seek MHA security clearance in bidding process. In a first, the government has made it mandatory for interested buyers of IDBI Bank to provide details for security clearance from the Ministry of Home Affairs (MHA) in the first stage of the bidding process. So far, in all instances of CPSE privatisation,

Car prices to rise as auto cos gear to comply with stricter emission norms. Passenger and commercial vehicle prices are expected to rise as automobile companies invest in upgrading vehicles to meet stricter emission norms that kick in from April next year. The Indian automobile industry is currently working to make their products

Your next meal from Zomato may be delivered by CEO Deepinder Goyal. Goyal and other senior execs of the firm wear the official red Zomato t-shirt once a quarter and deliver orders, revealed Sanjeev Bikchandani of Naukri.com and an investor in Zomato

IT firms seen logging steady sequential growth in Q2: Brokerages. Indian IT services companies are expected to log steady sequential revenue growth in September quarter but an overhang of weak global cues tinged with macro risks will put spotlight on management commentary around deal momentum and demand outlook, say anal

Uber, Ola respond to Karnataka govt notice, say fares comply with rules. Mobility players such as Ola, Uber and Rapido were asked to stop their auto-rickshaw services in Bengaluru in three days; state transport dept had issued notices to these firms on Thursday

Maiden Pharma may lose import-export code over cough syrup deaths in Gambia. Pharmexcil suspends membership; may recommend DGFT to withdraw Import-Export Code

Delhi International Airport to raise up to Rs 1,600 cr via debentures. Tweaks plans to opt for Debentures as alternative to lease financing

HUL, GCPL cut soap prices by up to 15% as raw material rates soften. FMCG firms Hindustan Unilever Ltd and Godrej Consumer Products Ltd (GCPL) have cut prices of some soap brands by up to 15 per cent amid palm oil and other raw materials turning relatively cheaper. HUL has reduced prices of its offerings under popular soap

Amazon among 314 entities to get Delhi govt approval for 24/7 operation. Amazon India is among 314 applicants that have been granted approval to operate 24/7 in the national capital and a notification to this effect will be issued within a week, an official from the Delhi Lieutenant Governor office said on Sunday. The applicati

Suzlon Energy charts course to return to its pre-2007 boom days. Sailing in neck-deep debt for over a decade now, largest wind power player Suzlon Energy, which lost its charismatic founder-chairman Tulsi Tanti recently, is on a strong revival course and is confident of returning to its boom years of pre-2007. The Pune-

Allcargo expects to be among top 10 logistics firms globally in 3-4 yrs. Logistics firm Allcargo Group is bullish on its business prospects and expects to grow at an average 15 per cent annually, mainly driven by organic growth, its Chairman Shashi Kiran Shetty has said. The company is also looking to be among the top 10 player

Byju's says incorrect Indian map is not part of its study material. Edtech major Byju's on Sunday said an incorrect map of India that is circulating on the internet has been wrongly attributed to the company and it will approach the authorities for further investigation and action. The map, which has been attributed to Byj

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