BUSINESS
Power Grid Corporation Q4 profit at Rs 2,004cr; Revenue up 16.5%
Revenue of the company was up 16.5 percent at Rs 7,811.3 crore against Rs 6,705.6 crore.
CRICKET
IPL 2018: Don’t miss these facts from the latest IPL season
As we wind up yet another scintillating Indian Premier League (IPL) season, here’s a look at some facts and figures you might’ve missed.
POLITICS
Modi wave can be checked if opposition, regional parties work in tandem: Arun Shourie
"I don’t say it is inevitable—I feel Modi can be checked. After all, at the height of his popularity he got only 31% of the vote," said Shourie.
BUSINESS
Coal India Q4 net profit falls 52% post weak operational performance
Its revenues fell 16 percent at Rs 26,909 crore against Rs 23,243 crore year on year.
BUSINESS
Buy Exide Industries, target Rs 290: Ashish Chaturmohta
"The stock can be bought at current level and on dips to Rs 256 with a stop loss below Rs 249 and a target of Rs 290 levels," says Ashish Chaturmohta of Sanctum Wealth Management.
BUSINESS
Buy Pfizer, target Rs 2800: Ashish Chaturmohta
"The stock can be bought at current level and on dips to Rs 2,400 with a stop loss below Rs 2,350 and target of Rs 2,800 levels," says Ashish Chaturmohta of Sanctum Wealth Management.
BUSINESS
Buy Indian Hotels Company, target Rs 170: Ashish Chaturmohta
"The stock can be bought at current level and on dips up to Rs 142 with a stop loss below Rs 137 and a target of Rs 170 levels," says Ashish Chaturmohta of Sanctum Wealth Management.
BUSINESS
Buy JMC Projects, target Rs 780: Ashish Chaturmohta
"The stock can be bought at current levels and on dips to Rs 670 with a stop loss below Rs 650 and a target of Rs 780 levels," says Ashish Chaturmohta of Sanctum Wealth Management.
BUSINESS
Gravita India Q4 profit rises 19% to Rs 11.1 cr, revenue jumps 70%
Revenue from operations shot up 70 percent to Rs 362.4 crore compared to Rs 212.6 crore in same quarter last year.
BUSINESS
Buy Havells India, target Rs 620: Ashish Chaturmohta
"Thus, the stock can be bought at current level and on dips to Rs 556 with a stop loss below Rs 545 and a target of Rs 620 levels," says Ashish Chaturmohta of Sanctum Wealth Management.
BUSINESS
Future Group eyeing acquisition of Iraya to enter ayurveda space: Report
The Kishore Biyani-led company is reportedly in advanced discussions to buy Iraya from Athena Life Sciences
BUSINESS
Godfrey Phillips Q4 profit down 22% at Rs 43 cr on weak operating income
Revenue of the company was down 37 percent at Rs 543.3 crore against Rs 870.7 crore.
BUSINESS
M&M Q4 net profit rises 50% to Rs 1,155 crore, beats Street estimates
Analysts polled by Reuters had expected the Mahindra Group's flagship company to report a standalone net profit of Rs 1,037 crore for the quarter under review.
BUSINESS
M&M stock gains 2% after Q4 earnings beat analyst expectations on strong auto, tractor biz
Farm equipment business, which contributed 28 percent to revenue, reported healthy 41.8 percent growth year-on-year at Rs 3,716 crore.
TECHNOLOGY
Google awards a bug bounty of over Rs 24 lakh for finding security flaw
This was his fifth bounty which he received reporting bugs to Google. The first bug bounty worth $500 he received when he was a month shy of 17
BUSINESS
DCM Shriram Industries down 7% on reporting net loss in Q4
The company recommended a dividend of Rs 4 (40 percent) on equity shares of face value of Rs 10 each for the financial year ended March 31, 2018.
BUSINESS
Stockholm brewery launches beer brewed from treated sewage
The beer branded as PU:REST is being marketed as Sweden’s first beer brewed with recycled water
BUSINESS
RCom surges 10% after arm Reliance Infratel reaches settlement with minority investors
On Tuesday, the company told exchanges that Reliance Infratel, its subsidiary, informed National Company Law Appellate Tribunal (NCLAT) that an amicable settlement has been arrived at between it and minority investors holding 4.26% equity in the Company, and consent terms will be filed shortly.
BUSINESS
Cords Cable Industries zooms 10% on three bulk orders in Haryana, Assam, Gujarat
The combined total estimated value of these contracts is Rs 40 crore, the company said.
BUSINESS
Toffee Insurance raises $1.5 million in seed funding
The company said that it intends to build a strong insur-tech team with capabilities across data science, machine learning and artificial intelligence.
BUSINESS
Facebook looking for new India head, Star India's MD Sanjay Gupta, Tata Sky chief Harit Nagpal in shortlist
Facebook has roped in executive search firm Spencer Stuart to run the search process.
BUSINESS
Nitco rises 8% as company turns profitable in March quarter
Revenue from operation fell 12 percent at Rs 158.81 crore and EBITDA was up at Rs 1.4 crore.
BUSINESS
BHEL Q4 profit more than doubles to Rs 457 cr on strong operational income
Power business increased marginally by 2.5 percent year-on-year to Rs 8,308 crore but its EBIT (earnings before interest and tax) dropped 19.5 percent to Rs 909.4 crore in Q4FY18.
BUSINESS
Uflex stock jumps 17% despite sharp fall in March quarter profit
Films segment sales volumes grew by 8 percent while packaging segment sales volumes rose 12 percent in FY18.
