Adani Group shares in focus; Adani Power, Adani Enterprises up over 8%

Adani Green Energy, Adani Transmission and Adani Ports and Special Economic Zone were up in the range of 2% to 7% on the BSE.

from Markets https://ift.tt/2KP886P

Continue reading →

Ircon stake sale on course; govt plans to raise around Rs 6 billion

Ircon might have to speed up this procedure and wind up its AGM by August to go for its listing in September

from Markets https://ift.tt/2N2fHDN

Continue reading →

FMCG index hits new high; HUL, Godrej Consumer at record levels

At 11:43 am; Nifty FMCG index was up 0.75% at 29,938, as compared to 0.10% decline in the Nifty 50 index.

from Markets https://ift.tt/2KOW9pE

Continue reading →

Paisa Bazaar under Sebi scanner over Akshay Kumar ad promoting MFs

Sebi has said celebrity endorsements can only be done at an industry level for increasing awareness of MFs as a financial product category

from Markets https://ift.tt/2unJjUr

Continue reading →

PNB Housing rises 6% as PNB, Carlyle Group plan to offload 51% stake

The stock was up by 6% at Rs 1,269 on Wednesday in intra-day trade, extending its 2% gain in the previous day on the BSE.

from Markets https://ift.tt/2L7KXRl

Continue reading →

Shilpa Medicare surges 13% after receiving EIR from USFDA

The stock surged 13% to Rs 434 on the BSE in morning trade after the company said it has received EIR from the US health regulator for it's both facilities located at Raichur, Karnataka.

from Markets https://ift.tt/2L5B1aK

Continue reading →

TCS gains 3% as Q1 profit beats Street estimate

TCS Q1FY19 CC revenue growth at 4.1% QoQ is a meaningful beat to estimates and is highest in several quarters.

from Markets https://ift.tt/2KOIMFY

Continue reading →

MARKETS LIVE: TCS likely to be in focus post June quarter earnings

Catch all the market news here.

from Markets https://ift.tt/2zp32bW

Continue reading →

US says import of Iranian oil sanctionable from Nov 4; India may get relief

US Secretary of State Mike Pompeo indicated that the Trump administration was willing to show some flexibility to countries like India, which is the second largest buyer of Iranian crude

from Markets https://ift.tt/2m5LgBg

Continue reading →

Today's picks: From Hindalco to Indiabulls, hot stocks to watch today

Nifty, Bank Nifty, Hindalco and Indiabulls Housing

from Markets https://ift.tt/2uaasek

Continue reading →

Nifty outlook and top trading ideas from Prabhudas Lilladher for today

Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.

from Markets https://ift.tt/2zrBe73

Continue reading →

Technical calls by HDFC Securities for today: Buy ITC, Bajaj Electricals

Nifty outlook and top trading ideas by Vinay Rajani - Technical Analyst, HDFC Securities.

from Markets https://ift.tt/2mby3GR

Continue reading →

SIT to probe Bitcoin frauds in Maharashtra

A special investigation team (SIT) will be set up to probe cases of Bitcoin investment fraud, the Maharashtra Government announced in the Legislative Council today. Minister of State (Finance) Deepak Kesarkar said the SIT would be headed by the Additional Director General, Economic Offences. He was replying to a calling-attention motion by Hemant Takle, Amarsingh Pandit, Kiran Pawaskar and Leader of Opposition Dhananjay Munde. The opposition legislators raised the issue of alleged cheating to the tune of Rs 30-40 crore of investors in Kolhapur and Sangli by Xipcoin Kripto, a crypto currency firm. The minister said that an SIT will be formed to probe this and other cases involving cheating of Bitcoin investors. If needed, police will seek the Enforcement Directorate's help, he said. The minister also said that an awareness campaign was needed so that people did not fall prey to such scams.

from Markets https://ift.tt/2L3E83e

Continue reading →

Emerging-Market rally pits Morgan Stanley against Goldman Sachs

Ignore cheap valuations and fade the rally, say strategists

from Markets https://ift.tt/2ulEP0J

Continue reading →

Centre miffed with Jute Corporation over low scale of MSP operations

CCEA has found that JCI and other cooperatives have procured under 4% of the jute produced in the country in the past five years

from Markets https://ift.tt/2KXXhXt

Continue reading →

NMDC increases iron ore price by Rs 150 a tonne for non-Karnataka mines

NMDC produced 35.6 mt in 2017-18

from Markets https://ift.tt/2u8P7BQ

Continue reading →

Sensex nears life high on earnings boost; RIL, HDFC Bank shares gain

Both the Sensex and the Nifty have gained 1,202 points, or 3.4%, in the past nine trading sessions on June-quarter earnings optimism and supportive global cues, despite global trade tensions

from Markets https://ift.tt/2zBzlF1

Continue reading →

Pharma sector seen posting moderate growth in FY19 on slow US market

The domestic pharmaceutical sector is likely to register a moderate, single-digit revenue growth in the current fiscal year, on slowing US market growth, increased competition and regulatory overhang, a report said. Consolidation of supply chain in the US market resulting in pricing pressures along with sustained investments in research and development (R&D) will also have an impact on profitability of Indian pharmaceutical companies, Icra said in its report. "The growth trajectory for Indian pharmaceutical industry is likely to be moderate, in single digit, on slowing growth from the US given the relatively moderate proportion of large size drugs going off patent, increased competition leading to price erosion in low double digit, generic adoption reaching saturation levels and regulatory overhang along with base effect catching up," the report said. The rating agency said the revenue growth from the US has come down from 14.4 per cent in FY16 to 4 per cent in FY17

from Markets https://ift.tt/2KLcf3z

Continue reading →

Sebi rejects Max Group family trust's request for open offer exemptions

Neeman Family Foundation Trust submitted an application to the markets regulator in March 2017, seeking exemption from making open offers

from Markets https://ift.tt/2u8mBjM

Continue reading →

Trade war: Aluminium cos need to expand markets beyond US, say analysts

US still accounts for a sizeable 11% share of Indian aluminium exports and domestic makers can explore alternate destinations to avoid the 10% duty on the metal

from Markets https://ift.tt/2JayPwY

Continue reading →