BUSINESS
REC, PFC shares rally up to 3% after Macquarie rates 'Outperform', says structural story intact
The Macquarie note said that the recent fall in stock prices were driven by weak sentiment in PSU shares, but concerns over decline in growth, rising competitive intensity and softer demand for power are overblown.
BUSINESS
Former Google Pay VP Ambarish Kenghe joins Angel One as Group CEO, shares higher by 4%
Kenghe earlier served as the Vice President and general manager of Google Pay in India, Japan, Singapore, and the rest of the Asia Pacific region
BUSINESS
Jindal Drilling shares jump 8% after firm acquires jackup rig 'Jindal Pioneer' for $75 million
A jackup rig is a mobile offshore unit which is typically used to drill oil and natural gas from ocean beds.
BUSINESS
RBZ Jewellers shares crash 6% after reporting a Rs 2 crore fraud by employee
Its cashier Om Kumar Manoj Kumar Shukla allegedly falsified the company's records at one of its branches over a period of time.
BUSINESS
Tata Steel, SAIL, other steel stocks surge up to 4% after China announces plans to cut steel output
The latest move by China is expected to reduce the dumping of cheap steel into the Indian market, which would act as a major positive to the Indian steel companies.
BUSINESS
M&M shares rally 3% after UBS upgrades to Buy but lowers price target, Tesla fears an 'overreaction' as demand will revive
UBS said it sees 'limited impact' on M&M shares from Tesla’s potential entry, which are 'not-well suited' for Indian markets, given low ground clearance, sedan form factor, and high prices.
BUSINESS
Bitcoin below $84,000 on jitters over Trump tariffs after testing $95,000
The sharp decline in Bitcoin comes after US President Donald Trump unveiled fresh tariffs on China, Canada and Mexico, triggering a selloff in global equities and a rush for safe haven buying.
BUSINESS
Pharma, IT stocks tumble up to 4% as Trump tariffs take effect
Tariffs are expected to make investors move away from export-sensitive stocks, including IT and pharma
BUSINESS
DLF, Prestige Estates, other realty stocks gain up to 5%, snap 5-day losing streak
The shares of Prestige Estates were the top gainer on the index, rising nearly 5 percent to trade at Rs 1,179 apiece.
BUSINESS
L&T shares gain after firm's power transmission, distribution vertical bags 'large' orders
The company has won an order to implement 765 Kv and 400 Kv transmission line segments. This would be related to a renewable energy zone in Uttar Pradesh
BUSINESS
Bajaj Auto top loser in BSE Auto index after hitting 52-week low as February sales skid, knocking off Bajaj Finserv shares
Overall, the company's total domestic sales dropped 11 percent to 1.83 lakh units, while exports surged 21 percent to 1.69 lakh units.
BUSINESS
Stocks of IREDA, Tata Tech, 4 other F&O entrants extend losses for 2nd day, fall up to 7%
IREDA shares were the top loser among the pack of six. The renewable energy stock fell over 7 percent to trade at Rs 144.5
BUSINESS
Summer surge: Blue Star, Voltas, other AC stocks rise up to 7% on higher sales hope after IMD's heatwave warning
The meteorological department had on February 28 said that the maximum and minimum temperatures are likely to remain above the normal benchmarks during March, except for certain parts, including northwest India and peninsular India.
BUSINESS
Coffee Day shares rise 20% after NCLAT overturns insolvency plea in a Rs 228 crore default case
Coffee Day shares have been locked at five percent lower circuit for the past four consecutive sessions, but saw a massive surge on March 3, riding on the positive news flow.
BUSINESS
Granules shares fall 8% as US FDA issues warning letter after inspection at firm's Gagillapur facility
Granules added that manufacturing and distribution of its existing products at the facility will continue unaffected.
BUSINESS
Angel One's AWS resources compromised in data leakage; shares fall sharply
Angel One discovered that some if its Amazon Web Services (AWS) resources were compromised after its dark-web monitoring partner alerted the company about a data leakage post on unauthorized access of its clients' data.
BUSINESS
TechM, Wipro, other IT stocks decline up to 6%, extend losses for 7th session on fears of trade war, slowing US economy
The IT index tumbled 4% as data showed that US weekly jobless claims rose more than expected last week, adding to worries that the world's largest economy may be slowing
BUSINESS
Transrail Lighting shares surge 5% after new orders worth Rs 2,752 crore
With the fresh order wins, Transrail's year-to-date order inflows have crossed Rs 7,400 crore, a growth of nearly 90 percent compared to last year.
TRENDS
Work week debate: Niti Aayog's former CEO Amitabh Kant bats straight, says nation needs hard work
Amitabh Kant advocated the younger generation to work hard and cited the economic success of nations like Japan, South Korea and China, which he said were the result of the entire nation’s hard work.
BUSINESS
Aditya Birla firm Century Enka's shares crash 11% after fire at Gujarat plant disrupts production
No injuries or casualties were reported in the incident, said the company, adding that the fire was contained at the time of communication to the exchange, but it resulted in a disruption of production.
BUSINESS
Have reduced my exposure to Indian markets, Chinese stocks look better at this point: Chris Wood
'If you have no Indian equities at all, I would start buying now. If you already own a lot of Indian equities, I would wait,' says global head of equity strategy at Jefferies
BUSINESS
Real estate shares extend losses for a fourth session, Prestige Estates top loser after I-T search
This correction comes amid concerns over investor interest in the sector, given the soaring property prices in major metros.
BUSINESS
'Dene wala jab bhi deta...': CLSA is all praises for RBI's recent liquidity relief for lenders
Shares of Bandhan Bank, AU Small Finance Bank, Fusion Finance and other lenders rose up to 8 percent in February 27, after RBI restored risk weights on exposure of schedule commercial banks (SCBs) to non-banking finance companies (NBFCs), a move that may reduce the cost of funds.
BUSINESS
Zara shuts iconic Mumbai store with Rs 7.5 lakh daily rent after 8 years: Report
The store's sales were not able to match the exorbitant rentals, a report said.
