NSE share market NEWS tomorrow (10 October, 2022). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (10 October, 2022). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 10 October 2022
Rail Vikas was amongst the top gainers, currently trading at 38.50 in NSE with 8.39 times change in volumes and 6.944% change in price. Other gainers included Angel One with 5.485% price change and 4.167 times volumes, Pg Electroplast with 4.369% price change and 12.126 times volumes, One 97 with 2.799% price change and 2.414 times volumes, and Axis Bank with 2.799% price change and 1.881 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 575.55 in NSE with 1.001 times change in volumes and -4.298% change in price. Other losers included Varun Beverages with -4.021% price change and 1.081 times volumes, Kpit Technologies with -3.493% price change and 0.574 times volumes, Ashok Leyland with -3.32% price change and 0.761 times volumes, and Solar Industries with -3.083% price change and 0.731 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.
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
Infy faces suit in US for allegedly opposing hiring Indians for jobs in US. A case against Infosys by a former recruiter alleging that the tech giant discriminated against Indians, can proceed, a federal judge in New York has ordered
HCLTech to boost presence in Mexico; to hire 1300 employees over next 2 yrs. The new centre in Guadalaraja will enable the company to serve its local and international client base across industries
HCL Tech to hire 1,300 people in Mexico over next 2 yrs, to open 6th centre. IT company HCL Technologies plans to hire 1,300 people in Mexico over the next two years, according to a statement. The move is expected to strengthen its current employee base of 2,400 people in that country. HCL Tech outlined its expansion plans in Mexic
Retail job searches decline 11.8%, after an uptick of 27.70% says report. There has been a decline of 11.80 per cent in Indians searching for retail jobs from August 2021 to August this year, according to a report. Indians searching for retail jobs has seen a fall during the pandemic and beyond as jobs in retail sector have seen
Top headlines: HCLTech in Mexico, CNG price rise, oil purchase and more. From HCLTech announcing plans to hire more people over next 2 years to India's reiterating its choice of importing oil, here are the top headlines this evening
Ambuja gets shareholders' nod for raising Rs 20K-cr from Adani group firm. Ambuja Cements Ltd on Saturday said it has received shareholders' approval for all proposals in its EGM, including a resolution to raise Rs 20,000 crore from an Adani group firm and appointment of Gautam Adani and others on the board of the company. The Ex
Railways ministry launches probe into Oracle India corruption case. Oracle was fined million by US SEC for paying bribes to officials of railway-owned PSU
Maiden Pharmaceuticals breaks silence on cough syrup deaths in Gambia. The pharma company Maiden Pharmaceuticals has come under scanner after 66 children died in the Gambia after consuming cough syrup produced in India
CM Gehlot invites Vedanta to set-up semiconductor industry in Rajasthan. Rajasthan Chief Minister Ashok Gehlot has invited Vedanta Group to set up its semi-conductor chip manufacturing industry in Rajasthan amid a tussle for the project between Maharashtra and Gujarat. During the inaugural session of 'Invest Rajasthan' Summit h
PNB Housing Finance appoints Vinay Gupta as CFO, to succeed Kapish Jain. PNB Housing Finance on Friday announced the appointment of Vinay Gupta as the Chief Financial Officer. The appointment will be effective from October 26, it said in a regulatory filing. Gupta's appointment follows the resignation of Kapish Jain as the CFO
Shanghvi says will participate in Suzlon Energy's Rs 1,200-cr rights issue. The rights issue will open on October 11, closing on October 20
Dabur enters peanut butter market with 'Real Health Peanut Butter' range. This peanut butter has No added sugar, salt & oil," said Smerth Khanna
Tracxn Technologies garners Rs 139 crore from anchor investors. The company's Initial Public Offering (IPO) will be entirely an Offer For Sale (OFS) of 38,672,208 equity shares by promoters and investors
Yogi Adityanath invites Tata group to participate in investor summit. Uttar Pradesh Chief Minister Yogi Adityanath on Friday invited Tata group to participate in the Global Investors Summit slated for February next year while highlighting the environment created by the state for attracting investment. According to an officia
Anil Agarwal faces key vote for plan to tap Vedanta cash reserves. Shareholders of Indian unit Vedanta Ltd. will on a company plan to move money out of its reserves and into its balance sheet, increasing the probability that the funds will be used for dividends
Pay gap rising between freshers and top management in Indian IT companies. The packages of freshers have increased marginally, by 20 per cent, since 2010, while the packages of CXO-level employees have gone up by 70-90 per cent
Companies can omit important information under new CSR disclosure rules. New rules let companies omit details like title, location, and duration of the business's CSR project, budget allotted for it, the amount spent on it during the current fiscal year among others
FAME-II: Subsidies to Hero Electric, Okinawa halted for non-compliance. Centre has also asked Greaves Cotton's Ampere, Rattanindia's Revolt, Okaya and Jitendra EV to face an audit to be conducted by the Automotive Research Association of India (ARAI)
Mukesh Ambani joins the list of global rich with family office in Singapore. Asia's second-wealthiest man, Reliance Industries Ltd. Chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move.
Credit Suisse offers to buy back debt securities worth 3 bn Swiss francs. Credit Suisse Group AG is offering to buy back debt securities for cash worth approximately 3 billion Swiss francs, just as the embattled lender tries to put finishing touches on a planned overhaul
Kerala's agriculture startup launches end-to-end supply chain for bananas. A Kerala-based agribusiness startup has launched an end-to-end supply chain connecting banana cultivators, traders and exporters on a single platform. The start-up, Greenikk, has built enablement centres (EC) in the major banana producing agricultural-belt
Tesla to deliver first Semi Trucks to Pepsi by Dec 1, says Elon Musk. Tesla has started the production of its long-delayed Semi Truck that will have a 500 miles (800 km) range and will first reach Pepsi facilities, Elon Musk announced on Friday.
WPP acquires remaining 26% stake in MediaCom from Balsara family. Deal size not known immediately, marks the exit of the Balsaras from the agency
RattanIndia to buy 100% stake in electric motorcycle maker Revolt Motors. RattanIndia Enterprises said it was buying the stake it did not already own in electric motorcycle maker Revolt Motors, at a time when eco-conscious consumers are turning to alternative vehicles
Infosys again faces legal action for age and gender discrimination in US. Court rejects firm's plea to dismiss petition, as defendants to repond in 21 days
Gautam Adani announces investment worth Rs 65,000 cr in Rajasthan. Richest Asian Gautam Adani on Friday announced a Rs 65,000 crore investment in Rajasthan over the next 5 to 7 years in setting up a mega 10,000 MW solar power capacity, expanding cement plant and upgrading Jaipur airport. The investment by ports-to-energy
Equitas SFB gross advances up by 20% at Rs 22,802 cr at September end. Equitas Small Finance Bank on Friday said its gross advances grew by 20 per cent to Rs 22,802 crore at end of September 2022 quarter. The Bank's gross advances in the year-ago period of September 2021 stood at Rs 18,978 crore. During the second quarter end
Lupin ties up with global agencies to support tuberculosis treatment. Drug firm Lupin on Friday said it has tied up with Unitaid, The Aurum Institute, the Clinton Health Access Initiative (CHAI), and other global procurement agencies to support tuberculosis prevention treatment initiative to be rolled out to 138 countries. A
Audi India retail sales up 29% to 2,947 units during Jan-Sept period. German luxury carmaker Audi on Friday reported a 29 per cent growth in retail sales at 2,947 units in the January-September period of this year in India. Audi India had retailed 2,291 units in the same period last year. The growth was driven by the new A8
Asha Ramanathan, new COO; Gayathri Parthasarthy, new FSS lead at PwC India. Asha is a qualified chartered accountant (CA), and Parthasarthy is a Financial Services industry veteran
Indiabulls Housing Finance opens public issue of bonds to raise Rs 800 cr. Indiabulls Housing Finance on Friday opened the public issue of bonds to raise debt capital of up to Rs 800 crore. The public issue of secured, redeemable, non-convertible debentures of face value of Rs 1,000 each, is the tranche III for the non-banking fi
Hero MotoCorp forays into electric segment; drives in VIDA V1 e-scooter. The country's largest two-wheeler maker Hero MotoCorp on Friday forayed into the electric vehicle segment with the launch of its first electric scooter VIDA V1 priced at Rs 1.45 lakh. The company has introduced two trims of the scooter -- VIDA V1 plus and
Coffee Day Enterprises' total default at Rs 465.66 cr in second qtr of FY23. Coffee Day Enterprises Ltd has reported a total default of Rs 465.66 crore on payments of interest and repayment of principal amount on loans from banks, financial institutions and Unlisted Debt Securities as NCDs and NCRPS, for the quarter ended September
Xiaomi rejects speculation over India operations being moved to Pakistan. Rumours started with a portal's tweet that the Chinese cellphone manufacturer may shift its operations from India to Pakistan after its assets worth 6 million were seized
OYO elevates two senior execs in service experience and revenue functions. The firm recently had also revamped its flagship patron-facing app, CO-OYO, allowing users to now run their own promotional offers ahead of the peak festive travel season this year
Quess Corp to sell its stake in Simpliance Technologies for Rs 120 crore. Aparajitha, a Human Resource compliance service firm from Madurai, Tamil Nadu, along with its affiliates would take over a 53 per cent stake in Simpliance from Quess Corp.
AM/NS India receives environmental clearance for Hazira plant expansion. This increased steel manufacturing capacity represents a significant boost for the government's National Steel Policy, which envisages doubling domestic capacity to 300 MTPA by 2030
France's Teleperformance bets on India for mid to senior leadership talent. Indian is also significant in the company's stated target of becoming a Euro 10 billion company by 2025
Mahindra arm forms JV with Actis; to invest Rs 2,200 cr in industrial units. Realty firm Mahindra Lifespace Developers Ltd on Thursday announced a joint venture with Actis to develop industrial and logistics facilities with an initial investment of Rs 2,200 crore. Actis is a global investment firm. In a regulatory filing, Mahindra
SpiceJet shares settle 9% higher on report of likely Rs 1,000-cr govt loan. Shares of SpiceJet on Thursday ended nearly 9 per cent higher amid reports that the company is expected to receive an additional Rs 1,000 crore as part of the modified ECLGS (Emergency Credit Line Guarantee Scheme). After beginning the trade on a positive
Nykaa, Dubai's Apparel Group forge GCC alliance to build multi-beauty brand. Indian cosmetics and fashion retailer Nykaa on Thursday entered a strategic alliance with Dubai-based fashion and lifestyle retail conglomerate Apparel Group to expand in Gulf countries
RBI directs credit information companies to appoint internal ombudsman. The Reserve Bank of India (RBI) on Thursday has directed all the credit information companies to appoint an internal ombudsman by April 1, 2023
Asteria Aerospace gets DGCA's micro category drone certification. Asteria Aerospace Limited on Thursday announced that it has received India's first micro category drone type certification for its indigenously designed A200 drone from the Directorate General of Civil Aviation (DGCA). The A200 drone was found to be fully
Karnataka HC declines relief to Xiaomi over Rs 5,551-cr asset freeze. The Enforcement Directorate froze Rs 5,551 crore of Xiaomi assets in April, alleging the company made illegal remittances to foreign entities by passing them off as royalty payments
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