BUSINESS
Banks, financials tumble after RBI extends loan moratorium period by 3 months
The loan moratorium will be extended till August 31, says RBI governor Shaktikanta Das. This makes it a six-month moratorium. He added that the lending institutions are being permitted to restore the margins for working capital to the origin level by March 31, 2021.
BUSINESS
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a negative opening for the index in India with a 40 points loss.
BUSINESS
L&T Infotech share price jumps 6% on Q4 profit; Morgan Stanley remains overweight
For the year ending March 31, the company's revenue was Rs 10,878.6 crore, up 15.2 percent YoY. Net profit rose 0.3 percent to Rs 1,520.5 crore.
BUSINESS
Dr Reddy's Labs share price gains 2% ahead of Q4 numbers
The company told exchanges said it Establishment Inspection Report from the US FDA for its unit in Hyderabad, indicating closure of the audit.
BUSINESS
UltraTech Cement share price gains ahead of Q4 results; management commentary in focus
UltraTech's numbers may show signs of stress due to COVID-19, but the outlook is what investors will read keenly.
BUSINESS
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a positive opening for the index in India with a 70 points gain.
BUSINESS
Fertilizer stocks under pressure on govt's draft order to ban select insecticides
If the ban comes into effect, it may effect companies such as UPL, Rallis India, Atul and Coromandel International, which manufacture some of the products listed in the notification.
BUSINESS
Tata Consumer share price up 3% as company set to acquire PepsiCo's stake in NourishCo
The deal witll help Tata Consumer to use its resources and capabilities to grow its value added liquid refreshment portfolio. The turnover of NourishCo was Rs 181 crore in FY 2019-20.
BUSINESS
D-Street Buzz: Auto stocks rally led by Tata Motors; Maruti, M&M up 2-3% each
The auto index was up 2 percent and is the outperforming sector led by Tata Motors which jumped over 5 percent.
BUSINESS
AU Small Finance Bank stock price jumps 4% after Singapore govt buys over 19 lakh shares
Government of Singapore bought 19,69,686 shares of the bank at Rs 414.6 per share, bulk deal data on May 18 showed on NSE.
BUSINESS
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a positive opening for the index in India with a 200 points gain.
BUSINESS
Aviation stocks tumble on no relief package, suspension of flights till May 31
There will be no commercial domestic or international flights till May 31.
BUSINESS
Financial stocks tumble after government suspends IBC for 1 year; SBI, PNB at 2-week low
Bank Nifty tumbled 6 percent after top banking stocks traded lower by 6-9 percent
BUSINESS
Coal India share price tumbles 5% after government opens mining to private players
The government's decision to commercialise mining ends the monopoly of Coal India and nearly 50 blocks will be on offer immediately.
BUSINESS
What changed for the market while you were sleeping? Top 12 things to know
Trends on SGX Nifty indicate a negative opening for the index in India with a 40 points loss.
BUSINESS
D-Street Buzz: Over 200 stocks hit lower circuit on BSE; M&M, Ashok Leyland fall 3-4% each
207 stocks hit lower circuit on BSE including names like Uttam Value Steel, Cox & Kings, Sadbhav Engineering, Tata Global, A2Z Infra and Tejas Networks.
BUSINESS
Escorts share price up 2% on rise in Q4 profit; Kotak expects tractor industry revival in FY21
For the full fiscal, the company posted a consolidated net profit of Rs 471.7 crore compared to Rs 477.9 crore in 2018-19.
BUSINESS
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a positive opening for the index in India with a 54 points gain.
BUSINESS
Siemens share price falls 2% after consolidated net profit in Q4 falls 38%
Total income of the company declined to Rs 2,919.9 crore in the March quarter from Rs 3,661.7 crore in the corresponding period of the previous fiscal.
BUSINESS
Godrej Consumer share price jumps 4% post Q4 numbers; Jefferies retains 'hold'
Jefferies has maintained a 'hold' rating on the stock, with the target at Rs 550 per share.
BUSINESS
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a negative opening for the index in India with a 145 points loss.
BUSINESS
Ashok Leyland share price jumps 4% after resumption of operations at all plants
Ashok Leyland may consider and issue secured, rated, listed, redeemable, non-convertible debentures, aggregating to Rs 300 crore.
BUSINESS
Maruti Suzuki share price jumps 4% ahead of Q4 result; brokerages expect dip in profit
Revenue from operations during the March quarter may decline in the range of 15-20 percent due to a fall in sales volume.
BUSINESS
Jubilant Life shares hit 5% upper circuit after deal with Gilead to produce COVID-19 vaccine
The deal will \grant Jubilant the right to register, manufacture and sell Gilead’s investigational drug, Remdesivir, a potential therapy for COVID-19 in 127 countries including India.
