Air India Express cancels 70 flights after several crew members call in for a 'mass sick leave'
According to the reports, the staff called in sick together to protest against the mismanagement by authorities at the Tata Group-owned airline.
TBO Tek IPO opens for subscription today. Should you apply?
TBO Tek IPO opens today with a price band of Rs 875-920 per share. Analysts advise subscribing due to growth potential. The platform connects global buyers and suppliers. Travel industry is expected to reach $1.9 trillion in 2023.
Jonathan Schiessl discusses the focus on FMCG sector by foreign investors in India and the potential in private sector banking despite challenges post-HDFC merger. He suggests exploring undervalued sectors like IT and exercising caution in real estate investments.
Hot Stocks: Brokerage view on Max Financials, Pidilite, JSW Energy and PB Fintech
Morgan Stanley rates PB Fintech as Equal Weight, Jefferies suggests buying JSW Energy, Goldman Sachs reaffirms its buy rating on Pidilite Industries, and UBS recommends buying Max Financials.
Happiest Minds focusing on areas like analytics, automation, gen AI and security: Joseph Anantharaju
Venkatraman Narayanan and Joseph Anantharaju of Happiest Minds outline positive Q4 results and strategic plans for FY25, leveraging recent acquisitions for growth and aiming for 35-40% revenue growth with a 20-24% margin target. Strong focus on organic and inorganic growth strategies.
Q4 results today: L&T, Hero MotoCorp among 47 companies to announce earnings today
47 companies will announce Q4 earnings today, including L&T and Hero MotoCorp. L&T expected to show 17% YoY revenue growth, while Hero MotoCorp may see 14% YoY increase in revenue.
Fitch sees rupee rebounding to 82 per dollar on bond inflows
The rupee is expected to appreciate to 82 per dollar by the year-end, from about 83.50 currently, Jeremy Zook, a director at Fitch in Hong Kong, said in an interview last week. The Reserve Bank of India may continue to prevent any sharp swings in the currency by absorbing inflows, he said.
Buy Kajaria Ceramics, target price Rs 1480: JM Financial
Kajaria Ceramics Ltd. key Products/Revenue Segments include Tiles, Other Operating Revenue for the year ending 31-Mar-2022.
Sonata Software shares fall 14% in early deals, here's why
Sonata Software stock slipped 13.80% to Rs 549.30 against the previous close of Rs 637.40. Market cap of the firm fell to Rs 15,815 crore on BSE.
Buy Indraprastha Gas, target price Rs 470: JM Financial
Indraprastha Gas Ltd. key Products/Revenue Segments include Gas Natural and Other Operating Revenue for the year ending 31-Mar-2023.
Unsung heroes of Dalal Street: These stocks under Rs 100 delivered up to 3,700% returns in 2 years
With a sharp rally of 3,663%, Spright Agro is the top gainer in the list. Shares of the company traded at Rs 35.84 on May 6, 2024, against Rs 0.95 exactly two years ago
Time to look at long-term stories rather than momentum picks now: Seshadri Sen
Seshadri Sen analyzes market dynamics post-exit poll, emphasizing short-term corrections and long-term investment strategies in manufacturing, consumer discretionary, cement, and aviation sectors. He advocates strategic stock selection and patient investing for optimal returns.
Buy Dr. Reddy's Laboratories, target price Rs 6935: JM Financial
Dr. Reddy's Laboratories Ltd. key Products/Revenue Segments include Pharmaceuticals, Licence Fees, Other Operating Revenue, Spent Chemicals, Service Income and Scrap for the year ending 31-Mar-2022.
At multi-year highs: These 3 stocks witness 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
Citi shares Vodafone Idea's bull case target price, says stars finally aligning for Vi
Citi said it incorporated the equity raise and increased its FY25-26 Ebitda estimates by 5-18 per cent, introducing a base case target price of Rs 15 for Vodafone Idea.
HDFC Bank Share Price Live Updates: HDFC Bank Closes at Rs 1506.15 with Strong Trading Volume
Cipla Stocks Live Updates: Cipla Closes at Rs 1387.20 with Moderate Trading Volume Discrepancy
Tata Steel Share Price Today Live Updates: Tata Steel Closes at Rs 164.25 with Strong Trading Volume
JSW Steel Share Price Live Updates: JSW Steel Closes at Rs 857.35 with Below-Average Trading Volume
ITC Stocks Live Updates: ITC Closes at Rs 440.35 with Moderate Trading Activity
ICICI Bank Share Price Live Updates: ICICI Bank Closes at Rs 1131.9 with Strong Trading Volume
Coal India Stocks Live Updates: Coal India Closes at Rs 456.0 with High Trading Volume
Axis Bank Stocks Live Updates: Axis Bank Closes at Rs 1127.7 with Lower-than-Average Trading Volume
Stocks in the news: L&T, Dr Reddy's Labs, LTIMindtree, PB Fintech, JSW Energy, Tata Power & Voltas
L&T, Tata Power, Canara Bank, TVS Motor, Hero Moto, Bharat Forge, BSE, SKF India, Piramal Enterprises, Kalpataru Projects, Capri Global, Kirloskar Oil and others will announce their Q4 results today.
Tata Power Q4 results today; can this Tata stock sustain rally? Here's earnings preview
Tata Power Q4 results: JM Financial sees Tata Power's profit rising 8 per cent YoY to Rs 838.20 crore, as it expects DISCOMS to post better-than-expected performance. Sales are seen climbing 21 per cent YoY to Rs 15,090 crore.
Akshaya Tritiya 2024: 5 things to buy on this auspicious day
Akshaya Tritiya is an auspicious day for new beginnings, investments, and weddings, believed to bring prosperity. Traditionally, people buy gold, perform religious ceremonies, and make charitable donations
Canara Bank Share Price LIVE: Stock up in early trade; m-cap at 1.05 Lakh Crore
Canara Bank Stock Price Live: The Canara Bank has been in focus today amid company-specific news and/or recent price action on the counter. Canara Bank shares settled the previous traded session at 576.75, down 2.54%. The stock has traded in a wide range of 632.90 and 291.35 in the last one year. At last count, the Canara Bank sector company commanded a market capitalisation of 1.05 Lakh Crore. Heres a deep dive Canara Bank stock performance, peer returns, historical details, & other insights
Tata Power Company Share Price LIVE: Stock up 4.82% in last one month; What you should know
Tata Power Company Ltd Stock Price Live: The Tata Power Company Ltd has been in focus today amid company-specific news and/or recent price action on the counter. Tata Power Company Ltd shares settled the previous traded session at 436.40, down 2.22%. The stock has traded in a wide range of 464.20 and 199.50 in the last one year. At last count, the Tata Power Company Ltd sector company commanded a market capitalisation of 1.39 Lakh Crore. Heres a deep dive Tata Power Company Ltd stock performance, peer returns, historical details, & other insights
JSW Steel Share Price LIVE: Stock down in early trade; m-cap at 2.09 Lakh Crore
JSW Steel Ltd Stock Price Live: The JSW Steel Ltd has been in focus today amid company-specific news and/or recent price action on the counter. JSW Steel Ltd shares settled the previous traded session at 856.95, down 2.61%. The stock has traded in a wide range of 913.95 and 681.30 in the last one year. At last count, the JSW Steel Ltd sector company commanded a market capitalisation of 2.10 Lakh Crore. Heres a deep dive JSW Steel Ltd stock performance, peer returns, historical details, & other insights
Raymond Share Price LIVE Updates: up 8.21% in 5 days, where is the stock headed?
Raymond Ltd Stock Price Live: The Raymond Ltd has been in focus today amid company-specific news and/or recent price action on the counter. Raymond Ltd shares settled the previous traded session at 2,173.15, down 0.86%. The stock has traded in a wide range of 2,333.00 and 1,487.60 in the last one year. At last count, the Raymond Ltd sector company commanded a market capitalisation of 14.47 Thousand Crore. Heres a deep dive Raymond Ltd stock performance, peer returns, historical details, & other insights
Titan Company Share Price LIVE Updates: down 0.07% in 5 days, where is the stock headed?
Titan Company Ltd Stock Price Live: The Titan Company Ltd has been in focus today amid company-specific news and/or recent price action on the counter. Titan Company Ltd shares settled the previous traded session at 3,270.90, down 0.28%. The stock has traded in a wide range of 3,886.95 and 2,670.00 in the last one year. At last count, the Titan Company Ltd sector company commanded a market capitalisation of 2.90 Lakh Crore. Heres a deep dive Titan Company Ltd stock performance, peer returns, historical details, & other insights
Vodafone Idea share price target: Management upbeat; 3 events to watch out for
Vodafone Idea, Nuvama said, expects the upgradation capex to be similar to what peers like Bharti Airtel Ltd have done over the last three years.
Sensex, Nifty, Live Today, 2024-05-08
How Mhow, Silvassa and Rewa emerged as hotspots for Indian hotels
With their lower operational costs and untapped market potential, smaller cities are not just catching up, they're poised to lead the next wave of hotel development in India
Bank holiday today: Banks to remain closed in THIS state for Rabindranath Tagore Jayanti 2024
Bank holiday today: Today is Rabindra Jayanti, the birthday of Rabindranath Tagore, a prominent Bengali poet, writer, and philosopher.
FOREX-Dollar regains momentum as yen struggles
FOREX-Dollar regains momentum as yen struggles The dollar was back on the front foot on Wednesday, making modest gains after earlier losses from renewed bets on Federal Reserve rate cuts this year, while the yen eased towards the 155 per dollar level and kept intervention risks from Tokyo high. The offshore yuan further retreated from a more than three-month high hit last week, helped by hopes of further policy stimulus from Beijing to shore up its economy. It last stood at 7.2247 per dollar. The yen was last little changed at 154.75 per dollar, edging away from its peak of 151.86 hit last week on the back of suspected intervention from Japanese authorities to prop up the sliding currency. Analysts have said that any intervention from Tokyo would only serve as a temporary respite for the yen, given stark interest rate differentials between the U.S. and Japan remain. Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank will scrutinise the impact of yen moves on inflation in guiding monetary policy, while the country's Finance Minister Shunichi Suzuki repeated a warning that authorities were ready to respond to excessively volatile moves in the currency market. If we were to see a sudden, sharp move up in dollar/yen then I would expect them to step into the market to support the yen. But if we continue to see a gradual move up, I doubt they'll come in, but there's obviously a risk, said Carol Kong, a currency strategist at Commonwealth Bank of Australia. The euro and New Zealand dollar edged 0.02% lower each to $1.0752 and $0.6000, respectively. Against a basket of currencies, the greenback was steady at 105.41, some distance away from a roughly one-month low it hit last week. Investors continue to be focused on the pace and timing of Fed rate cuts that will likely drive currency moves, with the latest weaker-than-expected U.S. jobs data and an easing bias from the U.S. central bank cementing expectations that rates will likely be lower by the end of the year. While Minneapolis Fed President Neel Kashkari said on Tuesday it is too soon to declare that inflation has definitely stalled out, that did little to move the needle on market pricing for rate cuts. The market brushed off comments from Minneapolis Fed President Kashkari, who sits at the hawkish end of the spectrum and is a non-voter this year, said Rodrigo Catril, senior FX strategist at National Australia Bank. Elsewhere, sterling dipped 0.08% to $1.2499, ahead of the Bank of England's policy decision on Thursday, where focus will be on how soon the central bank could begin cutting rates. Analysts expect the central bank to leave the door open to lower interest rates as early as June. The Australian dollar fell 0.2% to $0.6585, pressured in part by a less hawkish outlook from the Reserve Bank of Australia than anticipated after it held interest rates steady on Tuesday.
Todays Stock Recommendation: 8th May 2024
M&M Fin to increase due diligence for onboarding: CEO
Rebello said that the company has started centralising operations in the last six months to overcome the challenges of decentralised operations - how it was structured historically.
GIFT Nifty up 5 points; here's the trading setup for today's session
Although Nifty opens positive, it is witnessing resistance at higher levels, indicating cautiousness among the investors with the progress of both the result season and the Lok Sabha election. We expect this volatile move to continue till the Exit poll. Hence market to remain in a broader range until clarity emerges, said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Stocks in news: L&T, Hero MotoCorp, Voltas, PB Fintech, LTIMindtree
Shares of L&T, Tata Power, Canara Bank, Hero Moto and BSE will be in focus today as the companies will announce their fourth quarter results.
Sanstar gets Sebi go-ahead for IPO
When a company receives final observation from Sebi, it's a signal from the regulator to go ahead with the IPO. The regulator issued its final observations on the draft papers last week.
Lok Sabha election 2024: Over 63 per cent polling in third phase
NSE, BSE to conduct special trading session on May 18
The National Stock Exchange (NSE) and BSE on Tuesday said they will conduct a special trading session in the equity and equity derivative segments on May 18 to check their preparedness for handling major disruptions or failure at the primary site. The special live trading session will have an intra-day switchover from the Primary Site (PR) to the Disaster Recovery (DR) site.
Disney reports small loss but sees improvement in streaming
Disney reported higher revenues Tuesday on a strong performance by its theme parks division and an improving streaming business, but a write-down in the company's India business resulted in a small loss. The entertainment giant cited Walt Disney World Resort, Hong Kong Disneyland and the company's cruise division as areas of strength in parks and experiences, but saw lower results at Disneyland Resorts.
ET Market Watch: Sensex and Nifty slip amid Lok Sabha voting, high VIX
Nephew, niece not in Kalyani HUF: Baba Kalyani to court
Baba Kalyani filed his affidavit on Tuesday, stating that his nephew Sameer and niece Pallavi have no right to file and maintain a suit seeking partition of an alleged Kalyani Family HUF. According to him, the suit is filed by the siblings who by birth are members of the Hiremath family and, therefore, have no right to file and maintain a suit seeking partition of a Kalyani Family HUF.
Mint Primer | Infra financing guidelines: Why are banks upset?
Banks faced NPA crisis between 2009 and 2012 due to excessive lending to infrastructure firms, prompting the Reserve Bank of India to frame guidelines on resolving stressed assets
This Kerala-based NBFC's NCDs promise to double your money in 75 months. Should you invest?
In six years and three months, an investment in non-convertible debentures issued by Muthoot Mercantile would grow 100 per cent. The issue will close on May 17.
United Breweries Q4 Results: Beverage maker posts 5-fold jump in net profit to Rs 80.15 crore
United Breweries Ltd on Tuesday reported a more than five-fold jump in net profit to Rs 80.15 crore for the January-March period of 2023-24 compared to the year-ago period. The beverages maker had reported a net profit of Rs 13.05 crore for the April-March quarter of 2022-23, according to an exchange filing.
SMFG invests Rs 1,300 crore in SMFG India Credit Co Limited via rights issue
The Sumitomo Mitsui Financial Group holds 100% in SMFG India Credit Co, which was formerly Fullerton India Credit Company Limited. Following the fund infusion, SMFG India Credit Co has invested Rs 150 crore in its wholly owned subsidiary SMFG India Home Finance Co. Ltd.
Prudent Corporate Advisory Q4 Results: PAT grows 19% YoY to Rs 138.7 crore
A retail wealth management services firm engaged in distributing a wide range of financial products reported a 32% growth in yearly average asset under management (AUM) in the mutual fund vertical and a 50% growth in revenues from non-mutual fund products.
Is it better to have single or joint holding in mutual funds?
Joint holding makes transactions difficult and opens up the risk of disputes
CreditAccess Grameen Q4 Results: Net profit soars 34% YoY to Rs 397 crore on business expansion
The lenders pre-provision operating profit was 36% higher at Rs 683 crore, helped by 34% rise in net interest income at Rs 922 crore. Total income rose 37% year-on-year at Rs 1,459 crore.
TBO Tek rides high on global travel demand
It will also raise up to Rs 1,151 crore through an offer for sale by promoters and investors. The promoter groups stake will fall to 44.4% after the IPO from 51.3%.
Spectrum allocation for satcom delayed, reference to Trai after elections
Allocation of spectrum for satellite broadband services will take another four to six months, as the terms of reference may go out only after elections.
Market Trading Guide: CG Power, Wipro among 5 stock recommendations for Wednesday
Paring all its early gains, the 30-share BSE Sensex went lower by 384 points or 0.52% to settle at 73,512. During the day, it tanked 636 points or 0.86% to 73,259.26.
Indias popularity soars in Asian-bond portfolios: Morningstar
It underscores the favourable sentiment among fund managers toward the country
IGL Q4 Results: Net profit rises 16% YoY to Rs 382.80 crore
Indraprastha Gas Ltd, India's largest CNG retailer, on Tuesday reported a 16 per cent rise in March quarter net profit as it sold more gas. The net profit of Rs 382.80 crore in the latest January-March quarter was compared to Rs 329.75 crore profit registered a year ago, the company said in a statement.
How did D-Street mavens' portfolios fare in March quarter? Here's the data
Six superstar investors' portfolios were diagnosed by Trendlyne.
Faced a financial setback? Here are 6 steps to follow to improve your CIBIL score
It takes time to improve your CIBIL score after a financial setback. Borrowers should take a number of steps which include monitoring their score, paying bills on time, reducing their credit card balances and avoiding to open multiple new accounts.
India sees 230% surge in ghost shopping malls: Report
Several shopping centers are struggling as an increasing number of consumers turn to online shopping and are shifting to larger centers for enhanced experiences.
Dr Reddy's Q4 results: Profit up 36% at Rs 1,310 crore; Rs 40 dividend declared
Dr Reddy's Q4 results: The drugmaker's total revenue climbed 12.65 per cent to Rs 7,114 crore in Q4 FY24 as against Rs 6,315 crore in the corresponding period last year.
PB Fintech Q4 Results: Policybazaar parent back in black with PAT of Rs 64 crore
The company had recorded a loss of Rs 488 crore in the year-ago period.
Godrej family settlement agreement: Lessons to learn to save disputes and taxes
For a family arrangement to have a legal binding effect on the parties to the settlement, it should be bonafide, voluntary and aimed at resolving family disputes and rival claims.
How does a demat account facilitate margin funding in trading? MintGenie explains
Margin Trading Facility (MTF) allows investors to purchase securities by paying only a portion of the total value and securing a loan for the remaining amount from the broker. Brokers hold acquired securities as collateral until the loan is repaid.
After Patanjali rebuke, Supreme Court targets makers, endorsers of deceptive food and health ads
A Supreme Court bench has asked advertisers to submit self-declaration forms confirming compliance with cable TV rules and advertising codes before airing ads
RIL, Zomato among 10 companies that saw highest increase in mutual fund holdings in March
The mutual fund holding in Reliance Industries increased by Rs 28,255 crore in March.
NSE to run special trading session on May 18 (Saturday). Details here
The special session would be divided into two parts the first session would begin at 9:15 am and run till 10 am. Trading in this session would be done from the primary site.
Tech View: Nifty finds support at 50-DEMA. What should traders do on Wednesday
Nity on Tuesday ended 140 points lower to form a long negative candle pattern with a minor lower shadow on the daily chart and found support around the 50-day exponential moving average at 22,240 levels.