Yes Bank soars 4.88% as CEO salary's proposed at Rs2.84cr annually; to expand ESOP-bucket by 15cr
Tue, Aug 18, 2020 3:38 PM

Yes Bank soars 4.88% as CEO salary's proposed at Rs2.84cr annually; to expand ESOP-bucket by 15cr

Yes Bank has commenced its annual general meeting (AGM) for the financial year FY20, and the lender has proposed remuneration plans for employees, top management including CEO & MD Prakash Kumar. The outcome of AGM was welcomed positively on Dalal Street, as the bank's stock has gained by at least 4.5% with an intraday high of Rs14.97 per piece on Sensex before correcting.

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HFCL Q1 results: Net profit dips 81% to Rs 21.3 cr
Tue, Aug 18, 2020 1:32 AM

HFCL Q1 results: Net profit dips 81% to Rs 21.3 cr

Domestic telecom gear maker HFCL on Monday posted an 81% dip in consolidated net profit to Rs 21.34 crore in the first quarter ended June 30. The company had posted a net profit of Rs 117.12 crore in the corresponding period of the previous financial year, it said in a BSE filing.

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Frost & Sullivan LCV Customer Leadership Award 2020
Mon, Aug 17, 2020 8:48 PM

Frost & Sullivan LCV Customer Leadership Award 2020

The flagship of Hinduja Group, Ashok Leyland ended on a higher note after the automaker announced that it has received the Frost and Sullivan 2020 GCC Light Commercial Vehicle (LCV) Customer Value Leadership Award for its LCV truck, PARTNER on Monday. The award was based on an analysis which includes in-depth interviews and primary market analysis.

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Dividend Alert - Britannia announces Rs 83/share as dividend, to shell out Rs 2,000 crore
Mon, Aug 17, 2020 5:07 PM

Dividend Alert - Britannia announces Rs 83/share as dividend, to shell out Rs 2,000 crore

Coming out of June quarter with a fat bottomline, the cookie maker said its board has approved an interim dividend of Rs 83 per share. That means, the company will shell out Rs 1,997 crore as dividend, Rs 1,011 crore of which will go to the promoters and the rest to public shareholders.

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Hot Today : CYIENT (NSE 10.11%)
Mon, Aug 17, 2020 4:11 PM

Hot Today : CYIENT (NSE 10.11%)

Share price of Hyderabad based IT firm Cyient increased by more than 10% on Monday. The company recently reported a consolidated net profit of Rs 81.4 crore for June 2020 quarter. "Q1 FY21 results were better than our expectations," Cyient Managing Director and CEO Krishna Bodanapu said.

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AGR Update: There's no legal basis for transferring AGR dues of RCom- Jio tells SC
Mon, Aug 17, 2020 3:58 PM

AGR Update: There's no legal basis for transferring AGR dues of RCom- Jio tells SC

Reliance Jio on Monday told the Supreme Court that there is no legal basis for transferring bankrupt Reliance Communications’ dues, adjusted gross revenue (AGR) or otherwise, to Jio as the two telecom operators in a spectrum-sharing agreement do not share liabilities. The Supreme Court on 14 August had asked Reliance Jio why it should not be held liable to pay the dues of RCom as it has been using the latter’s spectrum since 2016.

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Last week recap: Markets end the week marginally lower
Sun, Aug 16, 2020 10:50 PM

Last week recap: Markets end the week marginally lower

Indian markets settled marginally lower: The Nifty ended with a weekly loss of 1.08% whereas Bank Nifty has ended 2.33% lower. ​India’s wholesale price index shrank 0.58% for the month of July whereas food inflation stood at 4.08% higher than June which came at 2.04%. India’s factory output contracted at lower pace in the month of June compared to previous month.

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FPIs invest Rs 28,203 cr in Aug so far; turn net investor in debt after 5 months
Sun, Aug 16, 2020 3:20 PM

FPIs invest Rs 28,203 cr in Aug so far; turn net investor in debt after 5 months

Foreign portfolio investors (FPIs) remained net investors in Indian markets in the first half of August, pumping in Rs 28,203 crore in debt and equities on net basis in the period, according to the depositories data. Market experts attributed the inflows to better-than-expected corporate earnings and increasing global liquidity.

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Gold ETF inflows soar 86% to Rs 921 cr in July
Sun, Aug 16, 2020 3:00 PM

Gold ETF inflows soar 86% to Rs 921 cr in July

Gold ETFs witnessed an inflow of Rs 921 crore in July, a surge of 86 per cent from the preceding month, as new investors rushed to add the precious metal in their portfolios in view of higher prices. With this, net inflow in a gold exchange traded fund or ETF category has reached to Rs 4,452 crore in the first seven months of the year, data with the Association of Mutual Funds in India (AMFI) showed.

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Intraday Trading - Everything you need to know
Sat, Aug 15, 2020 10:12 PM

Intraday Trading - Everything you need to know

Intraday trading includes buying and selling equities within the same trading day. Investors observe the daily movement of stock of prices to earn a profit. Traders invest in equities, currencies, commodities, and equity derivatives through intraday investments. It is essential to have in-depth knowledge about i advanced stock market tools to indulge in intraday trading.

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74th Independence Day | Govt to connect 6 lakh villages via optical fibre; Aksh Optifibre, HFCL in focus
Sat, Aug 15, 2020 8:07 PM

74th Independence Day | Govt to connect 6 lakh villages via optical fibre; Aksh Optifibre, HFCL in focus

The government aims to connect all villages through optical fibre network in the next 1,000 days, prime minister Narendra Modi said in his speech while addressing the nation on 74th Independence Day. Hence, the project of laying an optical fibre network could be beneficial for companies like Himachal Futuristic Communications (HFCL), Aksh Optifibre, Finolex Cables, Sterlite Technologies, Birla Cable, Vindhya Telelink, Paramount Communications etc.

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Did you know?
Sat, Aug 15, 2020 4:01 PM

Did you know?

Bombay Stock Exchange (BSE) , established in 1875, is the oldest share market not only in India but in the entire Asian region. It remains based in Dalal Street, Mumbai and list around 5500 companies under its umbrella. Currently, BSE is also the Fastest Stock Exchange in the world with a speed of 6 microseconds per transaction.

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ICICI Bank raises Rs 15,000 crore through QIP of equity shares
Sat, Aug 15, 2020 3:29 PM

ICICI Bank raises Rs 15,000 crore through QIP of equity shares

ICICI Bank said on Saturday it has completed the allotment of equity shares under its qualified institutions placement and raised about Rs 15,000 crore. According to regulatory filings, the names of allotees are Monetary Authority of Singapore (11.08 per cent), Morgan Stanley Investment Management Inc (7.31 per cent) and Societe Generale (5.55 per cent).

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74th Independence Day | PM announces major infra push; stocks like L&T, HG Infra may be in focus
Sat, Aug 15, 2020 3:24 PM

74th Independence Day | PM announces major infra push; stocks like L&T, HG Infra may be in focus

Underscoring his focus on 'Make in India' and extending it to 'Make for World', the PM Narendra Modi announced a major push to infra sector while addressing the nation on 74th Independence Day . The move is expected to boost infra stocks, including Larsen & Toubro (L&T), Nirlon, HG Infra Engineering, Indian Hume Pipe Company, Bharat Road Network, Generic Engineering Construction and Projects, Anubhav Infrastructure and Jaihind Projects.

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AGR case: SBI files intervention plea on behalf of Reliance Communications
Sat, Aug 15, 2020 1:17 AM

AGR case: SBI files intervention plea on behalf of Reliance Communications

State Bank of India (SBI) on August 12 filed a plea in the Supreme Court (SC), requesting approval to intervene on behalf of Reliance Communications in the adjusted gross revenue (AGR) case. The amount recoverable from RCom is Rs 31,000 crore, Solicitor General Tushar Mehta said on August 10.

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