Page 3300 - Business Finance
KPIT Technologies Ltd spurts around 1%
The stock is quoting at Rs 289.7, up 1.01% on the day as on 12:49 IST on the NSE. KPIT Technologies Ltd is up 115.63% in last one year as compared to a 11.51% spurt in NIFTY and a 38.9% spurt in the Nifty IT index.
Tech Mahindra Ltd up for a third straight session
The stock is quoting at Rs 658.45, up 1.18% on the day as on 12:49 IST on the NSE. Tech Mahindra Ltd is up 70.01% in last one year as compared to a 11.51% spurt in NIFTY and a 38.9% spurt in the Nifty IT index.
Max Financial Services Ltd up for third session in a row
The stock is quoting at Rs 464, up 1.52% on the day as on 12:49 IST on the NSE. Max Financial Services Ltd is down 21.83% in last one year as compared to a 11.51% gain in NIFTY and a 15.79% gain in the Nifty Financial Services index.
HCL Technologies Ltd gains for a fifth straight session
The stock is quoting at Rs 991.2, up 1.19% on the day as on 12:44 IST on the NSE. HCL Technologies Ltd is up 16.07% in last one year as compared to a 11.48% spurt in NIFTY and a 39.08% spurt in the Nifty IT.
ITC Ltd rises for a fifth straight session
The stock is quoting at Rs 279.1, up 0.74% on the day as on 12:44 IST on the NSE. ITC Ltd is down 15.13% in last one year as compared to a 11.48% jump in NIFTY and a 8.98% jump in the Nifty FMCG.
Orient Green Power Company intimates of change in promoter shareholding
The Scheme of Arrangement has been approved by the Honourable High Court of the Republic of Singapore. OGPPL has been a promoter of the Company since 2010, and currently holds 34.91% stake in the Company.
Equity indices flat on weak Asian cues; metal stocks fall
The key Indian equity indices traded on a flat note on Wednesday afternoon tracking weak Asian markets.
Magic Crate raises pre series A funding led by Fireside Ventures
Bangalore-based Magic Crate, an early childhood learning brand on Wednesday announced raising an undisclosed amount in its third round of institutional funding led by Fireside Ventures.The company earlier raised funding led by Mohandas Pai backed Aarin Capital and 3One4 Capital. The latter also participated in the current round.Magic Crate was started in 2015 by IIT-IIM alumnus Viswanathan Ramakrishnan and ex-McKinsey consultant Karthik Lakshman. The start-up provides an inquiry and play-based program for early childhood learning at home."Research shows that about 80% of critical brain development happens before the child turns 8. This has a direct correlation with what they are exposed to, during those years. Also, in this age group, they have a phenomenal amount of free time and it becomes a big challenge to engage them at home. Magic Crate is solving this pain point for millions of busy, but well-intentioned parents," said co-founder and CEO, Magic Crate, Viswanathan ...
Outcome of board meeting of Shri Keshav Cements & Infra
Held on 11 July 2018
TCS shares jump 4% after Q1 earnings
Shares of Tata Consultancy Services rose 4 per cent today after the company posted better-than-expected earnings. The stock after making a positive opening further jumped 3.78 per cent to Rs 1,948 -- its 52-week high -- on BSE. It was the top gainer in the Sensex pack during the morning trade. At NSE, shares of the company gained 3.98 per cent to Rs 1,949.90. "TCS first quarter results were better-than-expected on all fronts against our/street estimates," Emkay Global Financial Services said in a report. Country's largest software exporter yesterday posted 23.4 per cent rise in consolidated net profit to Rs 7,340 crore for the first quarter ended June 30, 2018. The company had reported a net profit of Rs 5,945 crore in the same period previous fiscal, TCS said in a regulatory filing. The Tata Group company -- which accounts for a lion's share of the group's overall profit -- saw its income from operations grow 15.8 per cent to Rs 34,261 crore during the quarter, up from Rs 29,584 ...
Metal and mining stocks drop sharply
Key benchmark indices once again regained positive zone in early afternoon trade amid high intraday volatility. At 12:25 IST, the barometer index, the S&P BSE Sensex, was up 23 points or 0.06% at 36,262.62. The Nifty 50 index was up 3.30 points or 0.03% at 10,950.55. Metal and mining stocks dropped sharply as copper prices slumped in global commodity markets.
Jeera futures extend fall amid profit booking
Jeera prices fell by Rs 190 to Rs 18,340 per quintal in futures trade today, as speculators trimmed positions to book profits at prevailing levels amid lower domestic and exports demand. Furthermore, higher arrivals also pressured on the jeera prices at future trade. At the National Commodity and Derivatives Exchange, jeera for delivery in August fell by Rs 190, or 1.02 per cent, to trade at Rs 18,340 per quintal with an open interest of 5,685 lots. Similarly, the spice for delivery in the current month moved down by Rs 185, or 1 per cent, to trade at Rs 18,135 per quintal in 912 lots. Analysts said besides profit-booking by speculators at existing levels, a fall in demand at the spot market against adequate stocks position, kept pressure on jeera futures.
Market breadth turns negative
Fresh selling at higher levels once again pulled the key benchmark indices in negative zone in mid-morning trade. At 11:25 IST, the barometer index, the S&P BSE Sensex, was down 23.51 points or 0.06% at 36,216.11. The Nifty 50 index was down 7.50 points or 0.07% at 10,939.75. IT stocks saw mixed trend. Cement stocks declined.
Can Fin Homes' board to meet next week to consider raising up to Rs 6K cr
Can Fin Homes' board will meet next week to consider raising up to Rs 6,000 crore through issuance of debentures on a private placement basis. Can Fin Homes is a subsidiary of state-owned Canara Bank. "...The proposal is being placed to the board seeking approval for issuance of redeemable debentures up to an amount of Rs 6,000 crore, on private placement basis, in one or more tranches, subject to approval by members at the 31st annual general meeting scheduled on July 18, 2018," Can Fin Homes said in a regulatory filing. Stock of Can Fin Homes were trading 1.29 per cent down at Rs 339.85 on BSE.
HDFC securities enable MF transactions through Facebook messenger
HDFC securities on Wednesday announced launch of Mutual Funds transactional capabilities on Facebook Messenger through their virtual assistant, Arya.A subsidiary of HDFC Bank, HDFC securities rolled out a theme called "The Pace of Innovation" which is structured to innovate and provide intuitive and relevant digital solutions to customers and this effort, is in line with the vision.This particular feature, apart from mutual fund investments, facilitates a quick overview of total portfolio holding, getting the latest stock quotes and opening an account.Here's a guide to how this works:-Go to Facebook Messenger and search for hdfcsec.Arya-Can open a trading account-Post login, one can complete MF transactions including investments(SIP/ Lumpsum) and redemption(Partial/All)-Portfolio holding view is available-No login required for research recommendations and stock quotes"We want to be where the customers are. Today, social media is a lifestyle statement and we plan to make investments a .
Vardhman Polytex Ltd leads gainers in 'B' group
Ujaas Energy Ltd, Setco Automotive Ltd, Shilpa Medicare Ltd and Shah Alloys Ltd are among the other gainers in the BSE's 'B' group today, 11 July 2018.
Sensex flat as tariff tussle continues; TCS hits record high
(Reuters) - Indian shares were flat on Wednesday as worsening trade tensions between the world's two biggest economies hurt sentiment, while Tata Consultancy Services Ltd hit an all-time high a day after the company posted a record quarterly net profit.
Vistara places $3.1 billion order for Airbus, Boeing jets
SINGAPORE (Reuters) - Indian airline Vistara has placed firm orders for 13 Airbus SE A320neos and six Boeing Co 787 jets valued at $3.1 billion at list prices, as it looks to add more domestic flights and launch international routes later this year.
Oil falls on trade fears after Trump's tariff threat
TOKYO (Reuters) - Oil prices fell on Wednesday, with Brent dropping by more than $1 at one point, after U.S. President Donald Trump threatened to levy new trade tariffs on China.
Sobha plans to raise up to Rs 700 cr via debentures
Realty firm Sobha Ltd plans to raise up to Rs 700 crore through issue of debentures to meet its funding requirement for execution of real estate projects. The Bengaluru-based developer has sought shareholders' approval for the proposed issue of non-convertible debentures (NCDs) on a private placement basis. In a notice to shareholders for convening the annual general meeting (AGM), the company said that the board is contemplating the feasibility of borrowing money through issue of NCDs. The meeting is scheduled to be held on August 7. "...consent of the members is being sought to enable the board of directors to offer or invite subscriptions for non-convertible debentures aggregating up to Rs 700 crore," the notice said. Sobha said that the company borrows money from banks and other financial institutions to execute various projects, both residential and contractual. The company has taken project-specific or general purpose borrowings from various banks and financial ...