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

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

Cg Power was amongst the top gainers, currently trading at 170.30 in NSE with 1.291 times change in volumes and 6.704% change in price. Other gainers included Adani Green with 6.489% price change and 1.573 times volumes, Srf with 5.731% price change and 1.316 times volumes, Kalyan Jewellers with 5.133% price change and 5.99 times volumes, and Crompton Gr with 5.021% price change and 1.886 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.

Inox Wind was amongst the top losers, currently trading at 88.65 in NSE with 1.167 times change in volumes and -8.325% change in price. Other losers included Tube Invest with -7.616% price change and 0.619 times volumes, Jsw Energy with -7.431% price change and 1.755 times volumes, Fsn E with -6.302% price change and 1.408 times volumes, and Pg Electroplast with -5.961% price change and 2.652 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.

Relaxo Footwears Q4 net profit falls 38% to Rs 63 cr; revenue declines 6.6%. Relaxo Footwears Ltd on Wednesday reported a decline of 38.40 per cent in its net profit at Rs 62.93 crore for the fourth quarter ended March 2022. It had posted a net profit of Rs 102.17 crore in the January-March quarter of the preceding fiscal, Relaxo F

No business can do without data tech, AI adoption: Tata's N Chandrasekaran. All businesses have to become AI and data solution-compliant and no one can escape this trend, Tata Group Chairman N. Chandrasekaran said on Wednesday.

Vodafone Idea shares give up early profits; end 1% lower at close. Shares of telecom operator Vodafone Idea gave up early gains and settled 1 per cent lower amid profit-taking on Wednesday. In early trade, it had gained 4 per cent, a day after the company reported narrowing of its consolidated losses to Rs 6,563.1 crore f

Uber ramps up India hiring, to hire 500 engineers for its tech centres. The company said the hiring plan is a testament to Uber's commitment to India, and its recognition of the engineering talent in the country.

Coinbase admits RBI's use of informal pressure prompted halting of trade. The comments by Coinbase's Armstrong bring forth the challenges that the crypto industry is facing

Google joins Amazon in mulling a bid for broadcast rights of IPL: Report. Google's interest in the global media rights of India's top cricket league intensifies the fight for a sports event that has emerged as the world's third-largest

Venus Pipes IPO subscribed 2.3 times on first day of offer, raises Rs 49 cr. The initial public offer of Venus Pipes and Tubes got fully subscribed within the first few hours of opening on Wednesday. It closed with 2.37 times subscription on the first day

Tata group embedding digital, AI and sustainability into biz, says Chandra. Focus on health and wellness, talent and supply chain rebalancing among key trends for the future....

Don't see inflation as challenge for tariff hike: Vi CEO Ravinder Takkar. Says subscriber churn post tariff hike last November not significant; effect of 20% hike has been absorbed in third and fourth quarter, helped Vi to register growth in revenue and ARPU

PNB Q4 results: Standalone net profit declines 66% to Rs 201 crore. Lender sets aside Rs 325 crore to provide for fraud

Indian Bank net profit falls 43% in Q4, says asset quality improving. The state-owned bank's total income this time was up 9 per cent to Rs 11,405 crore.

Birla Corp net profit down 55.45% in Q4, blames high fuel prices. Company says it has 'healthy growth in sales by volume in almost every segment and market'.

PAG invests Rs 2,000 crore in Optimus Drugs for controlling stake. Exact stake size not revealed, sources put the number at 70%

Vistara restores salaries, flying allowance of pilots to pre-pandemic level. Maxwell said an amount equivalent to the reduction in BFA will be added to the monthly bonus and paid to eligible pilots from April 1

Tata Group readying plan for battery company in India, abroad: Chandra. The group is making a transition towards sustainability across businesses which includes a clean mobility push at Tata Motors and its British luxury unit JLR, says its chief

Apple iPhones to shun Lightning port and get USB-C in 2023: Analyst. Apple is set to abandon iPhone Lightning port in favour of the universally accepted USB-C smartphone port in 2023, a top Apple analyst claimed on Wednesday.

Ultratech joins race for Ambuja Cements and ACC, submits non-binding bid. UltraTech outlines divestiture details that would meet the norms set by Competition Commission of India

IIT-M team working on hyperloop project to get funds from L&T arm. A team of IIT-Madras students working on the development of a hyperloop system on Wednesday said that an arm of engineering, procurement and construction major Larsen & Toubro will give funds and technical support to the project. L&T Technology Services, w

InGovern, others approach Sebi; seek forensic audit of Future Group firms. In its letter, InGovern said many directors and key management personnel have resigned in the past year

Sebi levies Rs 66 lakh fine on 11 entities for flouting market norms. Capital markets regulator Sebi on Wednesday imposed a total penalty of Rs 66 lakh on 10 entities, including Jalan Cement Works Ltd, in a case related to misrepresentation in the company's details.

Hotel and restaurant body asks Sebi to axe Oyo's IPO citing massive losses. The FHRAI on Wednesday urged SEBI to call off online hospitality major Oyo's initial public offering (IPO), citing the massive losses suffered by the hotel rooms aggregator in recent years

FIFA video game to disappear as EA Sports decades-long partnership ends. Months of tense negotiations between EA and FIFA ended without an agreement to extend a partnership

Cipla will use Covid-19 bulk drugs inventory when demand rises. The Covid-19 portfolio contributed 5-6 per cent of Cipla's turnover during peak Covid waves, the firm said

Delhivery raises Rs 2,346 cr from anchor investors as IPO opens today. Delhivery's IPO size is Rs 5,235 crore, the second-biggest after LIC this year

Marks & Spencer Reliance India appoints Ritesh Mishra as Managing Director. Retailer Marks & Spencer India on Wednesday said Ritesh Mishra has been appointed as Managing Director for Marks & Spencer Reliance India Pvt Ltd. Mishra, previously Head of Operations and Property, takes over from James Munson who will now assume the role

E-commerce enablement platform GoKwik raises mn for expansion. E-commerce enablement platform GoKwik said it has raised million led by Think Investments and RTP Global, and will use the funds to work on tech solutions for large marketplaces

HR tech startup Hono raises over Rs 38 cr in funding led by Aakash Chaudhry. Hono is looking to leverage the fresh corpus of funds to expand operations across India, the Middle East, and Southeast Asia, increase market footprint and strengthen its product offering

Chemplast Sanmar Q4 consolidated net profit dips 36% to Rs 232 crore. The company's total income saw a 35 per cent increase to Rs 1,816 crore during the quarter under review, as against Rs 1,350 crore in the fourth quarter of 2020-21

Alembic gets final USFDA nod for medication to treat bronchoconstriction. Alembic Pharmaceuticals Ltd on Wednesday said it has received final approval from the US health regulator for its generic version of Arformoterol Tartrate inhalation solution indicated for long-term treatment of bronchoconstriction in patients with chronic

Netflix to stream ads in TV shows, movies this year amid slow user growth. The streaming giant Netflix saw its stock tumbling by 20 per cent after it reported a loss of 2 lakh paid subscribers in the first quarter of 2022 -- its first subscriber loss in over a decade

Tata Motors expands EV range, launches Nexon EV MAX at Rs 17.74 lakh. The model produces 105 kW (143 PS) of power and delivers a torque of 250 Nm, resulting in 0 to 100 sprint times in under 9 seconds

Tyre makers' capital expenditure to rise to Rs 5,000 cr in FY23: CRISIL. The report is based on the analysis of the top six domestic tyre makers, who account for 80 per cent of the Rs 75,000 crore of the sector, CRISIL said

Uber to hire 500 techies in India for Bengaluru, Hyderabad centres. Uber Technologies on Wednesday announced it will hire 500 employees for its India tech centres by the end of this year.

Hiring boom begins in India as Covid infections decrease; economy reopens. India Inc will hire 5% more people in the April-June period compared to the Q1 this year, a new report showed, as Covid infections decrease amid reopening of industries across the spectrum

"Conscious industry must think beyond its priorities": T V Narendran. India Inc must think outside the regime of incentives and subsidies and improve its competitiveness and productivity while ramping up R&D expenditure for being future ready, CII President T V Narendran said on Wednesday. Speaking at 'Being Future Ready Bus

WeWork takes 660,000 sq ft office space on lease in Noida to expand biz. We have given an entire office tower comprising 660,000 square feet, on 15 years lease to WeWork India, says Bhutani group CEO Ashish Bhutani

Novelis to invest .5 bn in US in Birla Group's biggest greenfield project. The plan is to build a new highly advanced low-carbon recycling and rolling plant in Bay Minette, Alabama, with initial 600 kilotonnes of finished aluminum goods capacity a year

PV dispatches dip 4% in April as supply challenges remain, says SIAM. Total passenger vehicle domestic wholesales stood at 251,581 units last month as compared to 261,633 units in April 2021

Shopflo raises seed funding of .6 mn from Tiger Global and TQ Ventures. First time that Tiger Global has invested in a startup at pre-product stage

Aakash+BYJU'S' Chaudhry invests million in HR automation firm HONO. HONO raises mn in Series A round to double size of operations

Top headlines: MS cuts India GDP forecasts; Novelis to invest .5 bn in US. Business Standard brings you the top news of the evening

Deadline for Reliance Cap resolution plans extended till June 30: Report. So far only eight out of 54 Prospective Resolution Applicants (PRAs) have engaged with lenders of the bankrupt firm.

Asian Paints Q4 results: Net profit flat at Rs 850.4 cr, revenue up 18.7%. The paints major saw its revenue increase 18.7 per cent to Rs 7,892.7 crore in the quarter

Chalet Hotels consolidated net loss narrows to Rs 11.45 crore in Q4. The company had posted a consolidated net loss of Rs 5.98 crore in the same quarter of the preceding fiscal

Polycab India Q4 net profit rises 20% to Rs 325 cr; revenue up 35%. Wires and cables manufacturer Polycab India on Tuesday reported a 20 per cent year-on-year rise in net profit to Rs 325.33 crore for the fourth quarter ending March 31. The company's net profit was Rs 271.06 crore in the year-ago quarter, Polycab India sai

Rainbow Medicare slumps 17% on debut in worst IPO listing in CY22 so far. Stock end at Rs 450, Rs 92 below issue price of Rs 542 a share

Push for Sony's games biz, over 19 mn PlayStation 5 units sold in Q4CY21. Japanese tech giant Sony said that it has sold just 2 million PlayStation 5 (PS5) units in the fourth quarter of 2021, bringing its overall total to 19.3 million.

Vodafone Idea's Q4 net loss narrows to Rs 6,563 cr; ARPU rises to Rs 124. The telco's revenue from operations rose 6.6% to Rs 10,240 crore in Q4FY22 from Rs 9,648 crore in the year-ago period

Gujarat Gas Q4 consolidated net up 28% to Rs 444 crore, income up 36%. For whole of FY22, the firm's consolidated net profit rise by only 1% to Rs 1287.37 crore

Cipla Q4 PAT dips 12% to Rs 362 cr owing to Covid inventory impact. For the full fiscal, Cipla has posted a 4.7% jump in net profit to Rs 2,517 crore, revenue and Ebitda rose 13.6% and 6.4% respectively

Ajanta Pharma Q4 PAT falls 5% to Rs 151 cr; revenue rises to Rs 870 cr. Ajanta Pharma on Tuesday said its consolidated profit after tax declined by 5 per cent to Rs 151 crore for the fourth quarter ended March 2022.

Torrent Power posts Q4 loss of Rs 487 cr versus Rs 459 cr profit a year ago. Torrent Power's revenue from operations grew by 21 per cent to Rs 3,744 crore for Q4 of FY22 as against Rs 3,084 crore in Q4 of FY21

Swiggy scales down Supr Daily, temporarily suspends Swiggy Genie. The company in a blog stated that its restructuring Supr Daily and the services will be suspended in five cities, it also said that Swiggy Genie will be temporarily suspended in 3 cities.

Upskilling platform Josh Talks raises .5 mn from Ankur Capital, others. The firm previously raised .5 mn from the New York-based Media Development Investment Fund (MDIF)

Kansai Nerolac Paints Q4 profit down 85% at Rs 19 cr; revenue up 5.27%. Kansai Nerolac's total expenses were at Rs 1,503.54 crore, up 15.47 per cent in Q4/FY 2021-22, as against Rs 1,302.06 crore in the year-ago period

Vodafone Idea's loss narrows to Rs 6,563 cr in Q4; ARPU improves. Vi registers 7.5% sequential growth in its ARPU at Rs 124 aided by tariff hike in November

Max Financial Services Q4 consolidated net profit doubles to Rs 144 cr. Max Life's assets under management (AUM) were at Rs 1,07,510 crore as on March 31, 2022, a rise of 19 per cent over the previous year

Dynamix Group to launch three new property projects in Mumbai this year. The Mumbai-based developer earned Rs 330 crore in top line in FY21, but the same rose more than three-fold to Rs 760 crore in FY22

Zoho comes up with new platform for unifying marketing operations. It provides stakeholders across the entire marketing organization with a single, shared view of critical information for improved collaboration and results.

NCLAT asks Jet Airways to vacate office from Mack Star Marketing's premises. Bogged down by financial woes, Jet Airways shuttered operations in April 2019 and the insolvency resolution process was initiated in June the same year

JSW Group to make bn bid for Holcim's India cement business: Report. The move comes as Switzerland's Holcim tries to diversify away from its core business of cement and aggregates to focus more on building technology amid increased emphasis on sustainability

JSW offers bn to Swiss cement major Holcim for Ambuja Cements, ACC. Sajjan Jindal said that JSW would offer .5 billion in its own equity and .5 billion from undisclosed private equity partners for Ambuja Cement and ACC.

Canara Bank probes fraud in unit after whistleblower complaint: Report. The whistleblower letter, sent at the end of December and also addressed to Reserve Bank of India and the National Housing Bank, said there were irregularities at one of the branches

ATM player CMS Info Systems' Q4 net rises 14% to Rs 64 cr in March quarter. The revenues of CMS info Systems rose by 22 per cent to Rs 1,589.7 crore in FY22 from Rs 1,306 crore in FY21

Skillmatics raises mn in series B funding round led by Sofina. Operating in a 0 billion global toys and games market, Skillmatics designs content-led games and play centric learning resources.

Cipla partners with Genes2Me to launch Coronavirus RT PCR test kit. The kit is validated by the Indian Council of Medical Research (ICMR) and much more advanced than other RT PCR tests, the drug firm said

Dr Agarwal's Health Care raises over Rs 1,000 cr from TPG Growth, Temasek. Dr Agarwal's Group of Eye Hospitals has added more than 60 units to its network in the past five years alone

MakeMyTrip to enhance business-to-business segment to tap corporate travel. MakeMyTrip said it is planning to enhance its business-to-business segment, targeting large corporates and MSMEs to tap the opportunity in domestic corporate travel.

BharatPe to 'claw back' Ashneer's restricted shares, blocks vendors. BharatPe on Tuesday said it has initiated necessary action against a former founder to claw back his restricted shares following a governance review. In a statement, the firm said it will take all steps to enforce its right under the law. In January 2022,

Sun Pharma's Halol unit gets 10 observations under USFDA's Form 483. Plant's OAI status is unchanged, hinting at status quo; Sun Pharma says will respond to observations within 15 days

Lumax Industries moves Delhi HC over trademark infringement dispute. Lumax Industries Ltd has filed a suit in Delhi High Court seeking to restrain Hindustan Auto Industries Ltd in relation to a dispute on purported trademark infringement and device marks.

Hero Electric partners ReadyAssist for service support to B2B customers. The two companies had earlier announced a collaboration for training and upskilling 20,000 mechanics in EV skill sets across the country

Cosmo Films reports 45.30% increase in net profit at Rs 108 crore in Q4. The company had posted a consolidated net profit of Rs 74.45 crore for January-March period a year ago, Cosmo Films said in a BSE filing

Swiggy temporarily shuts Genie across cities due to worker shortage: Report. Swiggy Genie services have been impacted across Mumbai, Hyderabad, and Bengaluru, said report

Edtech firm iNurture raises mn from ADM Capital in debt and equity. Currently, the company has partnerships with over 30 university campuses across India, offering over 50 programmes on campus, and has more than 15,000 students enrolled in these programmes.

Dalmia Bharat profit down 6.10% to Rs 600 crore in fourth quarter. Cement maker Dalmia Bharat has reported 6.10 per cent decline in consolidated net profit at Rs 600 crore for the fourth quarter ended March 2022.

MRF's March quarter profit declines 50.26% to Rs 165.21 crore. The company had posted a consolidated profit from continuing operations at Rs 332.15 crore in the same period of the previous fiscal, MRF Ltd said in a regulatory filing

Paytm CEO asks Elon Musk to deliver first Tesla car in India at Taj Mahal. Vijay Shekhar Sharma, however, warned Musk about the challenges of building full-self driven cars on Indian roads because of running into the risk of 'most unruly road users'

Asian Paints Q4 results: Net profit declines marginally to Rs 850 cr. Consolidated sales increased 20.6% to Rs 7,890 cr in Q4FY22, the company said on Tuesday

Cera to invest Rs 200 crore in sanitaryware, faucetware expansion. Expansion plans includes a greenfield sanitaryware plant and a brownfield faucetware unit

ICICI Bank, UK's Santander sign MoU to ease corporate banking at both ends. The partnership is aimed at serving the banking needs of the corporate ecosystem in the growing UK-India corridor, the banking executive noted.

ForeignAdmits raises Rs 3.26 crore from Unicorn India Ventures, others. This is the second investment by UIV in Foreign Admits. It had raised a seed round from Unicorn India recently, taking total fundraise to over million

Top headlines: SBI raises up to bn in FY23; Asian Paints Q4 net slips. Business Standard brings you the top headlines on Tuesday

Ashok Leyland's Switch Mobility to invest Rs 1,000 cr in new plant in south. The company is also in talks with financial investors to raise over 0 million for its expansion

Uber Technologies to cut costs and slow down hiring, CEO tells staff. The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc

Reliance Brands signs agreement to retail Tod's in Indian market. Tod's has been operational in India since 2008 with mono-brand stores in DLF Emporio, New Delhi, and Palladium, Mumbai

Future Group hasn't made disclosures to stock exchanges, says Amazon. While arguing in the case, Amazon asked why Future did not inform the Supreme Court about the termination notice it received for its stores

OYO completes acquisition of Europe-based company Direct Booker. Direct Booker has over 3,200 homes and serviced 2 million customers so far, OYO said in a statement

UPL net profit rises 29% to Rs 1,379 crore in Q4; revenue up 24%. The company's net profit stood at Rs 1,065 crore in the corresponding quarter of the previous financial year, UPL said in a statement

Reliance to clock bn in EBITDA by 2022-end, says Morgan Stanley. High refining margins, gas prices and telecom ARPUs key contributors; stock falls nearly 4 per cent on Monday

Valuations are temporary, values are forever: OYO CEO Ritesh Agarwal. Startup founders should remember that valuations are temporary and values are forever, and they must focus on doing good and stay grounded, travel and hospitality technology platform OYO's Founder and Group CEO Ritesh Agarwal said on Monday. Commenting on

Shipping Corp board approves changes in demerger scheme for non-core assets. State-owned Shipping Corporation of India on Monday said its board has approved certain modifications in the scheme of arrangement for demerger of the company's non-core assets

IndiGo case raises issue of India's lack of law for cognitive disabilities. Experts say that while regulations are more pronounced on how to handle physical disabilities, they are silent on mental or cognitive ones

Adani becomes fourth Indian group to acquire franchise in UAE's T20 League. Follows RIL, GMR group and Capri Global; tournament likely to be launched in June

Infibeam Avenues Q4 net profit dips 11% to Rs 28 cr; revenue up 84%. For the full FY22, the profit after tax stood at Rs 84 crore, up 19 per cent over the previous fiscal

IDBI Bank board approves appointment of T N Manoharan as part-time chairman. The bank also announced that M R Kumar has ceased to be the non-executive non-whole time chairman of the bank with effect from May 8, 2022, after completion of the RBI approved term of three years

Navankur Infranergy starts mobile fuel station for doorstep diesel delivery. 'Booster Diesel' will meet the demand for diesel by various end-users at their doorstep, according to a release

Peerless Group managing director S K Roy, 78, dies after prolonged illness. He is credited with diversifying the Peerless group into hospitality, healthcare and real estate. The group's turnover is about Rs 2,500 crore. In 2009, Roy received the Padma Shri

GMR group wins right to run Nagpur Airport as SC upholds Bombay HC decision. MIHAN had moved SC following Bombay High Court's refusal to annul the bidding process of Nagpur airport which was won by GMR in 2018

Lenders' haircut to help Tata Power revive generating firm Coastal Gujarat. Coastal Gujarat's capacity goes up as Gujarat, Maharashtra buy more power

Latest stock market News for tomorrow Access previous news reports: 898899900901902903904905906907908909910911912913914915916

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