Business Standard

Sensex slides 238 pts, Nifty below 19,100; pvt banks, Airtel, RIL weigh

Closing Bell on Tuesday, October 31: The broader markets saw some action with the BSE MidCap index rising 0.29 per cent and the BSE SmallCap index 0.02 per cent

Image SI Reporter New Delhi
BSE, stock market, sensex

3:27 PM

BFSI Summit LIVE | Every PSU bank's balance sheet is cleaned well, says KS Raju

>> The profits have come after 7-8 yrs of hard work. Operating profits have been growing very well 

>> Views by: K Satyanarayana Raju, MD & CEO, Canara Bank
3:24 PM

Indian Oil posts Q2 profit vs yr-ago loss on strong refining margins

Indian Oil Corp Ltd (IOC) reported a profit for the second-quarter on Tuesday, compared to a loss year ago, as the country's top refiner benefited from higher refining margins. READ MORE

3:15 PM

Analysts flag caution on Mamaearth IPO: Here's why

The valuation seems ‘unusually elevated’, considering the risks and lack of sustainable profitability, he adds. At the price band of Rs 308-324, the company is valued between Rs 9,900 crore to Rs 10,400 crore, significantly lower than the firm's earlier valuation ask of up to Rs 20,000 crore. READ MORE

3:03 PM

BFSI Summit LIVE | Competition is on deposits and not on asset size, says AU SFB's Agarwal

AU SFB's CEO Sanjay Agarwal says that the competition between banks is on deposits and not on the asset size. 

2:51 PM

BS BFSI Summit 2023: Professionally run mfg cos to drive PE growth in India

Over the next 20 years, two key trends will prevail in the Indian corporate sector as professionally-run firms and evolving Indian manufacturing will take centre stage, Amit Chandra, Partner Private Equity, Bain Capital said. "Currently, not all our engines are firing effectively; specifically, it's the export-oriented ones that are underperforming," said Chandra. READ MORE

2:40 PM

BFSI Summit LIVE | To apply for universal bank license once reverse merger completes, says Ujjivan SFB CEO

2:30 PM

IPO Update :: Mamaearth issue subscribed 5% so far on day 1

>> Employee portion subscrubed 1.7x

2:20 PM

Apollo Micro hits new high on heavy volumes; stock zooms 34% in 5 days

In the past five trading days, the stock soared 34% after the company entered into Term Loan (TL) Agreement with Bajaj Finance to avail credit facilities in the form of TL up to Rs 15 crore. READ MORE

markets, bull market, bull, sensex, nifty, market


2:12 PM

ALERT:: US stock futures timid a day after robust rally

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Source: Investing.com

2:04 PM

BS BFSI Summit 2023: 'Technology creating watershed moment in insurance'

IRDAI's chairperson Debasish Panda said there is a need for regulators to embrace innovation and make consumer-centric policies. READ MORE

Debasish Panda, Chairman, IRDAI
1:56 PM

ALERT:: NIIT Q2 net soars 5-fold QoQ; stock zooms 7%

NIIT today reported near 5-fold jump in Q2 consolidated net at Rs 10.60 crore for the quarter ended September 2023 when compared with Rs 2.20 crore in the preceeding quarter (Q1). Revenue rose 30 per cent QoQ to Rs 81.40 crore from Rs 62.50 crore.

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1:49 PM

NLC's Rs 4,400-cr lignite-to-methanol project to be completed by Mar 2027; stock trades flat

The lignite-to-methanol project of NLC India Ltd, estimated at Rs 4,394 crore, at Neyveli, in Tamil Nadu is likely to be completed by March, 2027. READ MORE

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1:39 PM

Q3 gold demand up 10%; price to play key role in Dhanteras buying

Trade feedback is that consumers have accepted the Rs 60,000 per ten-gram price point, so a downward correction could trigger a significant jump in demand. READ MORE

gold

1:29 PM

L&T bags ultra mega offshore project worth Rs 15k cr in Middle East

The scope of work includes procurement and construction for a gas processing plant, consisting of inlet separation facilities and booster compression system. READ MORE

Larsen & Toubro, L&T

1:22 PM

Healthcare and pharma sector sees surge in high-value deals: Report

The pharma and healthcare sector witnessed a decline in deal volumes in Q3 2023, with 26 deals totalling $2.7 billion, down 32 per cent from the same period in 2022 according to the Grant Thornton Bharat Pharma and Healthcare Dealtracker Report. READ MORE

pharma, medicine, drugs

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First Published: Oct 31 2023 | 7:19 AM IST

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