Akshay wardhan

Centurion public issues: IPOs that got oversubscribed 100 times or more

Indian primary market is witnessing unprecedented euphoria among investors as a record number of IPOs get launched and are overwhelmingly oversubscribed by all categories of investors. More than 15 IPOs in India have seen gro

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In the fight to save their jobs, techies receive support from Karnataka government

Techies, who have ironically been caught at the receiving end of technology and are fighting to avoid getting laid off, have received backing from the government in Karnataka with IT Minister Priyank Kharge planning to meet t

Industry News

Worried over repayments, bankers look to nudge Reliance Communications into debt restructuring

Attempts at reviving RCom, the most-leveraged Indian telecom service provider, have started gathering pace with the lenders of the company, under the aegis of SBI, working on a plan to rejig the debt of the beleaguered teleco

Anil Ambani, Reliance Communications Ltd, wireless operator, repay debt, $300 million, junk rated note, Hong Kong, stock sank, Fitch Ratings, Lucror Analytics, liquidity crunch News

M&M shares jump 6% on Q4 results, Rs 12000 cr investment plan; tractor, UV outlook seen positive

The share price of Mahindra and Mahindra (M&M) rose 4.97% intraday on the BSE to Rs 1,429.80 on the back of positive outlook for the company's tractor and utility vehicle segment. Sharekhan maintained its 'BUY' rating on the

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Sensex, Nifty turn negative after opening flat; investors wait for GDP data

Indian benchmark indices opened flat after a muted handover from Wall Street and negative cues from the Asian markets, even as investors wait for the macroeconomic data that will be released after market hours today.

Markets News

Angel Broking bullish on Sun Pharma and Lupin despite steep fall on weak Q4 results

In the past 1 year, the Pharma index has disappointed with negative returns of 21.6% while the Nifty has returned 17.4%. Despite a collective dismal showing by the pharmaceutical sector, Angel Broking is bullish on it as it b

Markets News

HDFC Securities downgrades L&T to ‘neutral’ as valuation seems high; TP Rs 1777

Yesterday the stock price of the engineering giant rose 1.27% to Rs 1,810 making a fresh 52-week high, after the company reported a 28% on-year basis growth in consolidated net profit for the fourth fiscal quarter of the Fina

Markets News

Sensex, Nifty close at new highs, Aurobindo Pharma, Adani Enterprises gain, BHEL slips

Extending their stupendous run, the Indian benchmark indices today managed to hold on to their own in a choppy session of trade. The NSE Nifty managed to close above the 9600-mark while the BSE Sensex closed above the 31,150

NSE, BSE, Sensex, Nifty, Aurobindo Pharma, Adani Enterprises, BHEL, Videocon News

Sensex, Nifty open flat; Sun Pharma, Tech Mahindra start recovery, Videocon continues slump

Indian Benchmark indices opened flat today. BSE Sensex opened 2.45 points higher at 31,111.73 points while NSE Nifty, the broader gauge, opened 14.25 points lower at 9,590.65 points.

Markets News

Sensex, Nifty end at new highs with FMCG support amid selloff in pharma and realty

The NSE Nifty ended above the 9600-mark the first time ever while the BSE Sensex closed above the 31,100 level. Buying in heavyweight stocks, as well as key FMCG and consumer durables, kept the upside going.

Markets News

Videocon continues to plummet even as BSE revises circuit limits to contain volatility

Shares of Videocon Industries fell for the sixth straight day even as the BSE revised circuit limits for the consumer electronics company. BSE had on Friday changed the circuit limits to 5% from 10%. These new limits are appl

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Reliance Communication shares tank 20% after weak Q4 results, increase in net debt

Shares of Reliance Communications Ltd nose dived 20 percent, triggering the lower circuit, to an all-time low of Rs 20.60 on the NSE before closing at Rs 20.80, down 19.22% from the previous close.

Reliance Communications, Reliance Communications news, Reliance Communications debt, reliance jio, aircel, anil ambani, mukesh ambani News

Tech Mahindra shares tank 17% after weak Q4 results, hit 43 month lows

Share prices of Tech Mahindra Ltd tanked as much as 16.9% on the NSE in the opening minutes of trade to hit an intraday low of Rs 356.65. This sharp fall in stock price came after the company announced results for Q4FY17 afte

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ITC shares rise 4.58% to new 52 week high; Q4 PAT up 12%, cigarettes revenue up 4.8%

Shares of ITC rose 4.58 percent to hit a new 52-week high of Rs 313.80 as the diversified consumer company posted a 12.13 percent year-on-year growth in standalone net profit to Rs 2,669.47 crore for the quarter ended March 3

Markets News

Tata Motors to announce Q4 earnings; Here’s what to expect

Automobile major Tata Motors Ltd's financial results for the fourth fiscal quarter of 2017 (Q4 FY17) due Tuesday are expected to be weighed down by a hit in the Q3 sales even as its luxury unit Jaguar Land Rover is likely to

Industry News

GAIL India’s shares fall over 6.6% to more than 3 month lows as Q4 profit falls 69%

Shares of State-run Gail (India) Ltd fell over 6.6% today to Rs 365.30, their lowest level since 14 February, on the back of a 69% year-on-year (YoY) decline in its net profit for Q4FY17, to Rs 260 crore from Rs 832 crore.

Markets News

Sensex, Nifty slip on global fears as bomb blast rattles Manchester; Asian shares mixed

Indian markets today opened in the negative as investors remained cautious over the bomb blast at a pop concert in Manchester. BSE Sensex opened 17.08 points lower at 30,553.89 points while NSE Nifty, the broader gauge, opene

Markets News

Indian markets expected to open higher today, Asian markets trade mixed

The Nifty is likely to open higher on Tuesday tracking positive closing on Wall Street. At 8:44 am, Nifty futures on the Singapore Stock Exchange were trading 30 points higher at 9,479 indicating a positive opening for the do

Markets News

The number of visas Indian techies get, won’t go down: Nirmala Sitharaman on H-1B

Commerce & Industries Minister Nirmala Sitharaman has asked the Indian IT professionals not to panic as the number of visas they currently get, will not decline as only the selection for such visas is getting tougher, but the

Industry News

Sensex, Nifty going strong as GST boost continues, Rupee gains, crude rises on extended output cut

After ending Friday's volatile session on a flat note, Indian markets today opened on a strong positive note today as GST rates announced last week continue to boost investor sentiment and the impact of uncertainty over Donal

Markets News

India Grid InvIT IPO subscribed 1.34 times on last day

India Grid Trust’s InvIT IPO, sponsored by Sterlite Power Grid Ventures, bidding for which opened on BSE and NSE on Wednesday, has been subscribed 1.34 times at the close of bidding.

Markets News

Sensex, Nifty end flat after a volatile session; FMCG stocks rise as GST rates announced

Indian benchmark indices were under pressure for the second consecutive day today in a volatile session. FMCG sector stocks were in focus today as the GST council approved tax rates for various products on Thursday.

Markets News

India Grid InvIT IPO subscribed 83% with only hours left for bidding to close

India Grid Trust’s InvIT IPO, sponsored by Sterlite Power Grid Ventures, bidding for which opened on BSE and NSE on Wednesday, has been subscribed 82.83% so far on the final day of bidding.

Markets News

Rakesh Jhunjhunwala sees GDP growing 10-11% if Modi elected again; says Nifty may double in 4-5 years

Market 'Big Bull' Rakesh Jhunjhunwala is bullish on Prime Minister Narendra Modi and believes that India's GDP would grow at an annual rate of 10-11 percent if Modi is elected to a second term.

Economy News

HUDCO lists at 22% premium after massive IPO oversubscription

In line with the massive subscription of its initial public offer (IPO), shares of Housing and Urban Development Corporation (HUDCO) got a bumper listing on both the exchanges today.

Markets News

Sensex, Nifty recover from yesterday’s fall amid positive global cues

After falling sharply yesterday, Indian markets opened on a strong positive note today as GST rates announced yesterday boosted investor sentiment and the impact of uncertainty over Donald Trump's future seemed short lived.

Markets News

As IT layoffs rise, NASSCOM says all is well but Rajat Gupta says panic is well placed

As the number of Indian IT employees that may reportedly be laid off grows, NASSCOM has sought to assure that things are well in the IT industry but former McKinsey boss Rajat Gupta has said that the Indian IT industry should

Industry News
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