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NSE share market NEWS tomorrow (23 May, 2022). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (23 May, 2022). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 23 May 2022

Pg Electroplast was amongst the top gainers, currently trading at 733.85 in NSE with 4.992 times change in volumes and 8.775% change in price. Other gainers included One 97 with 7.619% price change and 7.372 times volumes, Jsw Energy with 5.812% price change and 1.537 times volumes, Container Corporation with 4.665% price change and 0.694 times volumes, and Mahindra Mahindra with 4.216% price change and 1.93 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.

Jindal Steel was amongst the top losers, currently trading at 395.55 in NSE with 6.532 times change in volumes and -17.387% change in price. Other losers included Jsw Steel with -13.239% price change and 2.837 times volumes, Tata Steel with -12.613% price change and 4.18 times volumes, Nmdc with -12.496% price change and 4.732 times volumes, and Steel Authority with -10.904% price change and 3.785 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.

Ather Energy to set up 8 more retail stores in Kerala to expand presence. The company said it has also been talking to prospective retail partners in these markets and has already begun locating spaces to set up its fast EV charging network -- Ather Grid

CarTrade Tech ties up with Chola for financing used vehicle purchases. Chola, the financial services arm of the Murugappa Group, will be the preferred financier for customers purchasing used vehicles from CarTrade Tech's CarWale abSure's dealers

Marico acquires 54% stake in breakfast & snacks brand True Elements. FMCG major Marico on Monday said it has acquired a majority 54 per cent stake in the digital-first healthy breakfast and snacks brand True Elements for an undisclosed amount.

Start-up Wakefit logs Rs 636 cr revenue, marking 50% y-o-y growth. Firm that makes mattresses and pillows aims to expand to smaller cities and is setting up a manufacturing facility in Sonipat.

Actis acquires Hyderabad-based Rx Propellant for an undisclosed amount. Global investor Actis has acquired Hyderabad-based Rx Propellant, which provides real estate solutions to tenants in life sciences and related sectors.

ONGC becomes 1st gas producer to trade on IGX; firm to expand volume slowly. State-owned Oil and Natural Gas Corporation (ONGC) on Monday said it has become the first gas producer to trade domestic gas on the Indian Gas Exchange, trading unspecified volumes from its eastern offshore KG-DWN-98/2 block. In a statement, ONGC said it w

IHCL looks to build portfolio of 300hotels, scale up new business. The Indian Hotels Company (IHCL) is eyeing to build a portfolio of 300 hotels and strengthen and scale up new businesses, including Qmin, 7Rivers, ama Stays & Trails, under its Ahvaan 2025. We have signed over 100 hotels and opened over 40 hotels in the pa

Domestic steel industry hit by moving train post govt's duty measures: ICRA. The domestic steel sector has been "hit by a moving train," ratings agency Icra said reacting to the duty-related measures taken by the government.

Macleods Pharma, TBO Tek, Suraj Estate Developers get Sebi's nod for IPOs. These firms, which filed their preliminary IPO papers with Sebi between December 2021 and March 2022, obtained Sebi's observations during May 17-20, an update with Sebi showed on Monday

Centre reduces import duties on steel, cement: Here's what realtors say. Owing to the surge of property prices, the realty sector has been urging the Centre to take necessary measures that will ease the burden on the developers.

Zomato net loss triples to Rs 360 crore in Q4, revenue rises 75%. Food delivery firm says it has expanded to more than 300 new cities and it expects revenue growth to accelerate.

Jio, Airtel in position to buy pan-India spectrum, VIL bid unclear: Report. Research analysts at BofA were of the view that Vodafone Idea (VIL)management has focused on top core circles and the company may selectively bid in their core 3G and 4G circles

Indian Hotels to stay the course on asset monetisation for growth. Hospitality chain says its needs 'see what we need and what we don't' as it goes on monetisation plan.

Nalanda India Equity Fund buys Jyothy Labs shares worth Rs 96 crore. Nalanda India Equity Fund Ltd on Monday bought FMCG company Jyothy Laboratories' shares worth Rs 96 crore through an open market transaction. According to bulk deal data available with BSE, Nalanda India Equity Fund Ltd purchased 62,00,000 shares at an ave

PE inflows in real estate down 62% at .18 billion in March quarter. As per data, PE investments in office segment fell to 2 mn during January-March period from ,148 mn in the year-ago period, while the inflows in residential segment fell to mn from 4 mn

Exim Bank, JBIC sign 0 mn loan agreement to support healthcare sector. The agreement was signed on Monday on the sidelines of the Quad Leaders' Summit, Exim Bank said in a release

SAIL Q4 net slips 29% to Rs 2,479 cr, firm declares dividend of Rs 2.25. SAIL's consolidated revenue from operations rose 32% to Rs 30,759 cr

Is there a scary twist ahead in the Indian start-up story?. Cars24 laid off 600 workers, just days after Vedantu fired 424 employees. Y Combinator has asked founders of its portfolio firms to prep for the worst. Is there a twist ahead in the start-up story?

Vodafone Idea to soon get Rs 20,000 crore in fresh funding, says CEO. Vodafone Idea is planning to raise Rs 20,000 crore, including Rs 10,000 crore in equity and remaining as fresh loans from banks

Adani-Holcim deal: Open offers for Ambuja Cements and ACC from July 6. The acquisition will make the Adani family the second biggest cement maker in India after Ultratech

Mahindra to explore partnership options for electric vehicle parts. Mahindra last week signed a partnership agreement with Volkswagen in which it will explore equipping its electric cars with motors, battery system components and cells made by the German automaker

Jet Airways hires senior executives as it prepares to take wing again. The Kalrock-Jalan consortium which is reviving the grounded airline on Monday announced the appointment of senior executives in charge of engineering, inflight product and services, sales, and digital

Tata Power, Tata Motors to develop 7MWp solar rooftop in passenger vehicles. The rooftop installation is collectively expected to generate 23 million units of electricity, mitigating 5.23 lakh tonne of carbon dioxide

Hope to start broadband internet service on SpiceJet aircraft soon: CMD. SpiceJet will induct more Boeing 737 Max aircraft over the next few months and it hopes to start broadband internet service on its planes soon, its Chairman and Managing Director (CMD) Ajay Singh said

Petrol under-recovery at Rs 13, diesel Rs 24; RIL-BP says ops unsustainable. Two sources aware of the matter said Reliance BP Mobility Ltd contends that PSU oil marketing companies control over 90% of the market and are the price-setters

Divi's Lab Q4 net up 78% at Rs 895 cr, revenue rises 41% to Rs 2,518 cr. Divi's Laboratories on Monday said its consolidated net profit increased by 78 per cent to Rs 895 crore in the quarter ended on March 31, 2022.

Mahindra & Mahindra to explore more partnerships for EV parts: CEO. Mahindra last week signed a partnership agreement with Volkswagen in which it will explore equipping its electric cars with motors, battery system components and cells made by the German automaker.

On track to receive first 737 Max plane by mid-June, says Akasa Air. Ace investor Rakesh Jhunjhunwala-backed Akasa Air, in a release, also said that it is on track to launch its commercial operations by July

1K Kirana raises mn, aims to serve over 10 mn consumers in 12 months. Hyperlocal shopping and distribution network says it will use the financing for improving its technology and expanding team.

Self-driving vehicle start-up Minus Zero raises .7mn in seed fund. The company plans the public launch of its first Autonomous vehicle use-case in late 2022 to early 2023.

Vedanta's iron ore unit launches campaign on environmental conservation. Vedanta's iron ore business on Monday said it has launched a campaign to underline biodiversity conservation and systematic mine reclamation measures across all of its business units.

Urban Company rolls out health insurance for service professionals. The tech-enabled home services company has tied up with ACKO Insurance to craft this insurance cover.

Non-payment of TDS not a ground for initiation of insolvency process: NCLAT. The National Company Law Appellate Tribunal (NCLAT) has held that dues on account of non-payment of TDS can not be a ground to initiate insolvency proceedings against any company. Setting aside an order of the Kolkata bench of NCLT, the appellate tribunal

Duty hike to hurt 90,000 tn of exports monthly: ArcelorMittal Nippon Steel. ArcelorMittal Nippon Steel India Ltd expects about 90,000 tonnes of steel exports every month to be hit by government's duty increase, alongside a dampening effect on fresh investments

Maruti Suzuki to acquire 12.09% stake in AI firm Sociograph Solutions. Maruti Suzuki India (MSI) on Monday said it will acquire an equity stake of 12.09 per cent in Sociograph Solutions Pvt Ltd (SSPL) for about Rs 2 crore. SSPL is an artificial intelligence (AI) software company that specialises in visual AI platform predomin

'Hike in export duties on iron ore, pellets to raise costs for steel mills'. India's imposition of higher export tax on iron ore and various intermediate products such as pellets will raise costs for steel mills, says Moody's

Pfizer/BioNTech say three Covid shots generate good response in under-5s. Three doses of Pfizer's COVID-19 vaccine offer strong protection for children younger than 5, the company announced Monday.

Steel products' prices should fall by 10% for primary producers: EEPC. In the wake of rising input costs, especially primary steel, the government's decision to remove import duty on raw materials for the metal production would lower costs for domestic steelmakers

Karnataka HC extends stay on ED order seizing Xiaomi India assets. The ED froze Xiaomi's accounts on April 29 alleging that it has violated the Foreign Exchange Management Act by illegally transferring money abroad to three companies under guise of royalty payments

Top headlines: RBI Governor on rate hike in June; metal stocks bleed. Business Standard brings you the top headlines on Monday

Zomato Q4 Results: Net loss widens to Rs 360 cr. Consolidated revenue from operations rose 75% to Rs 1,212 cr

LIC Housing Finance plans to expand project loan business in FY23. With this, "the company will take the share of project finance from 5 per cent to 10 per cent in incremental business in the current year", said Y Viswanatha Gowd, MD and CEO, LIC Housing Finance.

Greenko to supply green power to ArcelorMittal, Ayana Renewable, 3 states. ArcelorMittal has made an investment of around 0 million for 1,000 MW capacity of the project.

NCLAT dismisses Hinduja Leyland Finance plea for insolvency proceedings. The NCLAT has dismissed the plea of Hinduja Leyland Finance to initiate insolvency proceedings against its creditor Fly Express Logistics

Tata Motors expects PV industry to surpass FY19 volumes this fiscal. The firm expects a better business environment this fiscal even as chip shortages continue to making it challenging to cater to the enhanced demand

HCL, UNLEASH to develop solutions for aquatic ecosystem conservation. These solutions will aim to tackle challenges from source (mountains and glaciers) to sink (oceans and seas) and their links to terrestrial ecosystems, according to a statement

Prestige Group to pump at least Rs 7,500 cr to gain foothold in Mumbai. The listed company, which has a presence in the southern market and has delivered over 250 projects, will develop both residential and commercial projects in the financial capital

Apple Inc planning to ramp up production in India over China: Report. India and Vietnam, which are already sites of Apple production, are among the countries being seen as an alternative option to China

Infosys reappoints Salil Parekh as CEO and MD for the next 5 years. Parekh, the CEO & MD of Infosys since January 2018, has successfully led Infosys in the last 4 years

MFs collect Rs 1.08 tn via 176 NFOs in FY22 on retail investors' interest. According to the data compiled by Morningstar India, there were 176 new fund offers in 2021-22 which managed to collect a staggering Rs 1,07,896 crore during their inception stage

Cooling items in hot demand; refrigerator, AC sales jump: Croma report. As per Croma's 'Unboxed Summer 2022' report, sales of refrigerators have shot up more than 100 per cent over 2021, while those of air conditioners (ACs) jumped by three times

GAIL's natural gas supply reaches HPCL Mittal Energy refinery in Bathinda. The dedicated pipeline, which will supply 1 million standard cubic meters per day of gas to HMEL, has been laid at a cost of Rs 142 crore

JK Cement plans to raise up to Rs 500 cr via non-convertible debentures. JK Cement Ltd plans to raise up to Rs 500 crore via non-convertible debentures (NCDs) on a private placement basis in one or more tranches. The company's board has recommended the proposal in this regard for approval of shareholders in the next AGM of the

LML Electric plans 3 products next yr, to invest Rs 350 cr for expansion. LML Electric, which has announced its plans to roll out three products next year, is looking to invest Rs 350-crore in the business, including in setting up a new manufacturing plant

Amazon accuses Future independent directors of 'fraudulent stratagem'. Amazon dragged Future Group to arbitration at SIAC in October 2020, arguing that FRL had violated their contract by entering into a deal for sale of its assets to Reliance Retail

Export duty hike: Ficci seeks 3 months to clear 'pending steel orders'. Three-month exemption will provide some relief to the players whose orders are in the pipeline, an industry executive said.

Zomato Q4 results: what to look at in food-delivery firm's numbers tomorrow. Zomato loss had narrowed substantially to Rs 63 crore for the third quarter ended December (Q3FY22) from a loss of Rs 352 crore in the year-ago period

Promoter status in Eveready hinges on completion of 'open offer': Burmans. The promoter status for Burman family in Eveready Industries, in which it is vying to acquire an additional 26 per cent stake through a Rs 607-crore open offer, hinges on the nod by SEBI

Uber steps up bus service, runs pilot services in Delhi and Gurgaon. The Uber app will let customers book bus seats as the company works with private firms and state-run services.

Investment trust IndiGrid net profit in March qtr jumps 45% to Rs 99.80 cr. Infrastructure investment trust IndiGrid has posted over 45 per cent rise in its consolidated net profit at Rs 99.80 crore in the March quarter, mainly on the back of higher revenues.

Musk opens hardcore litigation department at Tesla to fight lawsuits. Elon Musk announced to open a litigation department at Tesla to initiate and execute lawsuits, as the electric car-maker is facing lawsuits over rampant sexually harassment at the workplace

Vijay Shekhar Sharma re-appointed as MD & CEO of Paytm till Dec 2027. CFO Madhur Deora has been re-appointed till May 19, 2027; Paytm forms joint venture general insurance firm, to invest Rs 950 crore in 10 years

BHEL returns to black, posts Rs 912-cr net profit in Q4, declares dividend. Total income during January-March 2022, rose to Rs 8,181.72 crore, from Rs 7,245.16 crore in the year-ago period

Paytm forms general insurance JV; to invest Rs 950 cr in 10 years. The proposal to set up joint venture firm Paytm General Insurance Limited (PGIL) was approved by the board on May 20, the company said in a regulatory filing.

Power Grid's Q4 net rises 18% to Rs 4,156 cr, declares interim dividend. State-owned Power Grid Corporation of India Ltd on Saturday posted about 18 per cent rise in its consolidated net profit at Rs 4,156.44 crore for the March 2022 quarter, backed by higher income.

India Inc optimistic about new job openings in FY23, says report. India Inc seems to be optimistic about opening of new vacancies amid steady hiring trends during the current financial year as the country's economy is on a growth trajectory, a report said.

IDBI Bank to sell 25% stake in Ageas Federal Life Insurance for Rs 580 cr. The transaction is expected to be completed in Q2FY23, subject to regulatory approvals and satisfaction of the terms and conditions set out in the share purchase agreement.

Jet Airways gets certificate to resume commercial flight operations. The airline intends to recommence commercial operations in July-September quarter.

Thermax's net profit tumbles 4.4% to Rs 103.2 cr in March quarter. Thermax on Friday reported a 4.4 per cent decline in consolidated net profit at Rs 102.54 crore for the quarter ended March. The company had reported a consolidated net profit of Rs 107.35 crore in the year-ago period, according to a BSE filing. Total inco

Hackers, fraudulent customers stole Rs 7.38 cr, complaint lodged: Razorpay. Hackers and fraudulent customers have stolen Rs 7.38 crore by tampering and manipulating the authorisation process of Razorpay

Singapore Airlines will continue to support Vistara's growth, says CEO. Says Vistara was competing with even more airlines when it was formed, has established itself clearly as the leading full-service carrier in India

FPI holding in HDFC, HDFC Bank drops amid sharp selloff in domestic market. FPIs have sold shares worth Rs 1.6 trn in domestic equities market so far this year. Historically, foreign investors have had high exposure to both HDFC Bank and HDFC

JSW Steel increases quantum of pulverised coal purchased from Russia. JSW Steel has increased the quantum of pulverised coal being purchased from Russia to 10-15 per cent of its requirements in recent times, the company's Deputy Managing Director Vinod Nowal said

IGL to invest Rs 8,000 cr in five years to expand CNG gas network: CEO. Indraprastha Gas Ltd, the nation's largest CNG retailer, will invest about Rs 8,000 crore in the next five years to expand the city gas network of CNG stations and pipelines

Woodland seeks 20% topline growth of over Rs 1,200 cr this fiscal. Owned by Aero Club, the privately-held Woodland closed FY22 with Rs 1,000 crore revenue and has set a target of crossing Rs 1,200 crore this year or clawing back to the pre-pandemic sales this fiscal

Hackers steal Rs 7.3 cr in 831 transactions over three months from Razorpay. Fraudsters were using the browser to tamper with authorisation data on some merchant sites that were using an older version of Razorpay's integration

Sebi imposes penalty of Rs 1 cr on IIFL for misusing client securities. Capital markets regulator Sebi on Friday imposed a penalty of Rs 1 crore on India Infoline Ltd (IIFL) for misutilisation of client securities. The amount has to be paid by IIFL within 45 days. The order came after Sebi conducted multiple inspections of the

Amara Raja Batteries Q4 profit dips 47.8% at Rs 98.85 cr, revenue up 3.7%. Amara Raja Batteries Ltd on Friday reported a decline of 47.80 per cent in consolidated net profit at Rs 98.85 crore in the fourth quarter ended March 2022.

Nuvoco Vistas Corp Q4 profit down 22% at Rs 29 cr, revenue jumps 11.34%. Nuvoco Vistas Corp Ltd on Friday reported a decline of 22.37 per cent in consolidated net profit at Rs 29.11 crore in the fourth quarter ended March.

Indiabulls Housing Finance Q4 net up 11.23% to Rs 307 cr, FY22 net dips. Income from operations fell to Rs 2,189 cr in Q4FY22 from Rs 2,372 cr in Q4FY21. Amount set aside for impairment on financial instruments declined to Rs 92 cr from Rs 316 cr

Paytm parent's quarterly loss widens to Rs 763 crore amid higher expenses. One97 Communication, the parent company of Paytm reported a loss of Rs. 780 in March quarter

Supreme Court to hear Subrata Roy's plea against Patna HC order on July 13. A bench of Justices A M Khanwilkar, J B Pardiwala passed the order while taking into account the request made by the Bihar government's counsel who said state needed time to file a counter-affidavit

SpiceJet flights stopped by Delhi ATC for non-payment of airport user fees. AAI has put SpiceJet on 'cash and carry' mode since 2020, due to the airline's inability to clear airport dues

German retailer Metro looking to sell India operations for .75 bn: Report. The German retailer operates 31 cash-and-carry stores across India

Zilingo sacks Indian-origin CEO Ankiti Bose after forensic audit. On March 31, Ankiti Bose was placed under suspension following complaints of alleged discrepancies in Zilingo's accounts.

Sona BLW expects two-third of revenues from EV components in coming years. With carmakers investing billions of dollars to build EVs, auto part suppliers are also diversifying their business towards new and clean technologies and moving away from gasoline-reliant supply chai

ZincSearch raises .6 mn in seed funding led by Nexus Venture Partners. ZincSearch has amassed more than 7,900 GitHub stars in just five months, making it one of the fastest-growing open source enterprise projects of the last 12-months.

Board evaluating Sebi penalty of Rs 1 crore, says Fortis Healthcare. Market regulator SEBI slapped a fine on Fortis Healthcare subsidiaries on account of fund diversion by erstwhile promoters

MOPE invests Rs 194 cr in Pathkind Diagnostics for undisclosed stake. Motilal Oswal Private Equity on Friday announced that a fund managed by it has made an investment of Rs 194.4 crore or million in Pathkind Diagnostics for an undisclosed stake.

Zydus Lifesciences Q4 profit dips 41% to Rs 397 cr due to higher expenses. The company had posted a consolidated net profit of Rs 679 crore in the same quarter of previous fiscal year, Zydus Lifesciences said in a regulatory filing.

Amazon, Flipkart in talks to buy stake in bn diagnostic chain Metropolis. Metropolis runs more than 3,000 diagnostics centers as well as pathology laboratories in India and Africa

Daimler India logs 48% growth in truck wholesales from previous year. Daimler India Commercial Vehicles Pvt Ltd (DICV) on Friday reported 48 per cent growth in truck wholesales at 14,222 units in 2021. The company, which manufactures BharatBenz brand of trucks and buses, had registered truck wholesales of 9,624 units in 2020

NTPC net profit jumps 12% to Rs 5,199 cr in Q4 due to higher revenues. State-owned power giant NTPC on Friday posted a nearly 12 per cent jump in consolidated net profit to Rs 5,199.51 crore in the March quarter, mainly on the back of higher revenues. The consolidated net profit of the company was at Rs 4649.49 crore in the

After United States, Canada bans China's Huawei, ZTE from 5G networks. After the US, Canada has now moved to ban Chinese telecommunication giants Huawei and ZTE from its 5G networks in order to ensure the "long term safety of our telecommunications infrastructure".

Ola, Uber get notices for alleged consumer rights breach, unfair practices. Improper grievance redress mechanism, poor service, hefty cancellation charges and fairness of algorithm used to charge fares among major issues raised

Zydus Lifesciences Q4 net dips to 24% Rs 397 cr, revenue up 5%. Company says operational performance came amid geopolitical turmoil resulting in supply chain challenges and inflationary pressures

HeidelbergCement India Q4 net profit sharply falls 33.13% to Rs 93.61 cr. HeidelbergCement India Ltd on Friday reported a 33.13 per cent decline in its net profit to Rs 93.61 crore for the fourth quarter ended March 2022, mainly due to higher operating costs. The company had reported a net profit of Rs 139.99 crore in the year-a

WhatsApp will be open to all businesses through Cloud API: Mark Zuckerberg. This will be made possible by offering free, secure cloud hosting services provided by Meta

Uber to show drivers destination before they decide on trip request. Firm says it has raised rates to cushion impact of rising fuel prices on drivers' earnings

Netflix lays off 150 workers as it loses long-term subscribers: Reports. Netflix is fast losing subscribers -- who have been with the streaming service for more than three years - further adding to its woes as the company faces stalled growth amid revenue slowdown.

Latest stock market News for tomorrow Access previous news reports: 890891892893894895896897898899900901902903904905906907908

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