BUSINESS
Indian Oil hikes prices of non-subsidised cylinder by nearly Rs 50
The state-owned Indian Oil on Friday hiked prices of non-subsidised cooking gas by up to Rs 49.5. per cylinder for the country's top metros.
BUSINESS
M&M automotive segment sales rise 12%, tractor sector 14% in May
Domestic sales grew by 8 percent to 43,818 vehicles in May 2018 while exports shot up 134 percent to 3,031 units compared to same month last year.
BUSINESS
Bajaj Auto zooms 7% as company records 30% jump in May sales figures
Domestic sales during the month grew by 29 percent to 2.24 lakh units and exports grew by 31 percent to 1.82 lakh units compared to same month previous year.
BUSINESS
Essar Oil looking to raise Rs 3,000 crore in debt funding: Report
The company is in the process of changing its name to Nayara Energy.
BUSINESS
MSCI capping India’s weightage could be 'mega negative': Samir Arora
Speaking on the issue of abrupt resignations by auditors, Arora pointed to the lack of transparency in informing shareholders about their reasoning.
BUSINESS
Kimbho app's disappearance: Official Patanjali spokesperson clarifies that it was a trial version
A few hours before the app was taken off, the app’s website had put up a message stating that they were ‘upgrading the servers since they were experiencing extremely heavy traffic’.
BUSINESS
The Good, the bad & the ugly of March quarter results; where should investors park their money now?
India’s macro is weak, politics uncertain and valuations rich, a potentially dangerous combination in case earnings were to disappoint.
BUSINESS
Podcast | Story of the Day: Kimbho? kutra tvam? read, where is Kimbho?
Kimbho, the #swadeshi answer to WhatsApp was launched by Baba Ramdev’s Patanjali on Wednesday, the 30th of May
BUSINESS
Ashok Leyland May auto sales up 51% at 13,659 units
The light commercial vehicle (LCV) sales were up 10 percent at 3,238 units versus 2,932 units.
POLITICS
BJP loses Kairana, Noorpur bypolls: Has Yogi Adityanath been hit by the 'Noida jinx'?
There is a superstition in UP that any chief minister visiting Noida loses power and does not come back to assume office again.
INDIA
Villagers in Haryana lock school in protest as all of its students fail 10th CBSE exam
The Haryana state government has ordered a probe into the matter to ascertain the reason behind the cent percent failure rate for Deeghot Senior Secondary School
BUSINESS
Maruti Suzuki May sales grow 26% to 1.72 lakh units; exports jump 48%
Compact car segment registered a healthy 50.8 percent growth in the month of May, wherein it sold 77,263 units during the month against 51,234 units in same month last year.
BUSINESS
Xiaomi launches ‘mammoth’ 75-inch Mi TV 4 with AI voice assistant; prices it under Rs 1 lakh
The television is currently available in China only and there is no word yet from the company whether the television will be launched in India or globally
INDIA
India to go ahead with S-400 defence deal with Russia despite US concerns: Report
India is looking to purchase five units of the Russian S-400 air defence systems.
BUSINESS
Sudarshan Chemical rises 5% ahead of board meet to consider stake sale in subsidiary
The meeting of board of directors of the Company will be held on June 1 to consider and approve the sale of shareholding held by the company in Prescient Color, a wholly owned subsidiary of the company.
BUSINESS
PNB may not get fresh capital infusion from government
Fraud-hit bank is relying on recovery of dues under the IBC and proceeds from sale of its non-core assets to reduces losses.
BUSINESS
Lok Sabha by-poll results put BJP on back foot, will this impact markets?
Market experts see political uncertainty remaining till the 2019 general elections as the government might rollout populist measures, which could strain India's macros further.
BUSINESS
Market update: 67 stocks hit new 52-week low; IT, metal outperform; Bajaj Auto up 2%
On the NSE 67 stocks hit a new 52-week low. These include Atlanta, BEML and Engineers India among others.
BUSINESS
Shriram EPC soars 15% after NCLAT stays insolvency proceedings against co
The petition was filed by Assets Care & Reconstruction Enterprises Ltd, earlier in May.
BUSINESS
Godrej Consumers, HUL, Marico, Colgate to get astrological support: Satish Gupta
Godrej Consumers, HUL, Marico and Colgate will get astrological support, says Satish Gupta of astrostocktips.
BUSINESS
ICICI Bank trims gains post 5% surge on buzz of Kochchar going on indefinite leave; lender denies reports
On Friday morning, reports emerged that the ICICI Bank CEO and MD may have been asked to go on indefinite leave pending an independent enquiry to probe "conflict of interest" allegations against her regarding loans extended to Videocon Group, according to a report in Mint.
BUSINESS
Idea Cellular rises 2% on completion of sale of tower biz to ATC Telecom
The company announced the completion of sale of its pan-India standalone tower business, by way of divesting its entire stake in ICISL (100% subsidiary of Idea), to ATC Telecom Infrastructure.
BUSINESS
Report claims ICICI chief Kochhar asked to take indefinite break; bank says planned leave
Bank likely to initiate enquiry which could be headed by retired Supreme Court judge, which would begin next week and will be completed over the next two months.
BUSINESS
Closing Bell: Sensex loses 95 pts, Nifty ends below 10,700; Midcap index sheds 267 pts
Asian markets traded mixed as US-China trade concerns return to the fore.
