StockMarket

Mumbai: The Centre, seeking to supersede 63 Moons’ board, has told an appeals court that it would examine the dwindling of a dedicated fund used to square trades on the National Spot Exchange (NSEL) before the mothballed platform was hit by a Rs 5,600-crore scam six years ago.

NSEL is a subsidiary of 63 Moons and its settlement guarantee fund

Details
Category: Stock Market

Write comment (94 Comments)

The week that was in 10 stocks: Some surged up to 22%, some hit lifetime lows
It was a week of consolidation for the domestic equity market, as rising crude oil prices kept market participants cautious during the past five sessions. BSE benchmark Sensex slipped marginally by 73 points, or 0.19 per cent, to 39,067 on April 26 from 39,140 on April 18. Nifty added marginally 1.90 points, or 0.02 per cent to 11,754.

Below are

Details
Category: Stock Market

Write comment (97 Comments)

Registrar of Companies begins probe into Jet's books
Mumbai: Registrar of Companies, Mumbai, has initiated inspection of the books of Jet Airways, almost eight months after the corporate affairs ministry (MCA) directed it to probe allegations that the now grounded airline siphoned off money, two officials familiar with the development said.

The RoC is likely to call the erstwhile directors of the

Details
Category: Stock Market

Write comment (93 Comments)

MNCs, FIIs took out a record $48.9 billion in 2018
Mumbai: Multinational companies and foreign investors in Indian assets repatriated a record $49 billion last year either through dividends or interests, reflecting the inherent strength and vastness of an economy that now ranks consistently among the world’s fastest expanding.

Investment income outflow, in the current account of India’s balance of

Details
Category: Stock Market

Write comment (96 Comments)

By DK Aggarwal

Policy makers across Asia, Europe and North America have reversed course and some of the major central banks have turned dovish in their outlook. The US Fed has signalled that it won’t go for a rate hike at least for a while, while the European Central Bank has cut inflation and growth forecasts, and said it would not hike rates at

Details
Category: Stock Market

Write comment (99 Comments)

Fund manager falls into Mumbai manhole
MUMBAI: Mumbai's creaky infrastructure was back in discussion on social media on Friday when Helios Capital's founder Samir Arora said on Twitter that he fell into an open manhole the previous day outside Phoenix Mills office in Mahalaxmi.

Describing the experience as “scary and smelly”, Arora tweeted he is fine except for minor scratches for whi

Details
Category: Stock Market

Write comment (96 Comments)

Low inflation boosting markets for the wrong reasons
It was only a few months ago that the US Federal Reserve was intent on continuing to increase interest rates. But now, some policy makers are even hinting that the next move may be a rate cut, and they may even pursue other forms of policy easing despite equities reaching record highs again. If that is the message Fed Chairman Jerome Powell will
Details
Category: Stock Market

Write comment (100 Comments)

The domestic equity market traded largely sideways with an upward bias all through the week and Nifty ended higher. But smallcap and midcap indices still languished, indicating that the market is in no hurry to set a decisive path for itself yet.

Such divergent behaviour of the Indian bourses will generate no meaningful direction for the market.

Details
Category: Stock Market

Write comment (96 Comments)

HDFC AMC Q4 Result: HDFC AMC profit surges 61% in Q4 - The TheIndianSubcontinent

Never miss a great news story!Get instant notifications from TheIndianSubcontinentAllowNot now

You can switch off notifications anytime using browser settings.

Earnings

Stock Analysis, IPO, Mutual Funds, Bonds - More

For the full year ended March 31, HDFC MF's profit

Details
Category: Stock Market

Write comment (99 Comments)

FPIs stay bullish on India for third consecutive month; invest Rs 17,219 crore in April
NEW DELHI: Foreign investors were net buyers in the Indian capital markets for the third straight month in April, pouring in Rs 17,219 crore on favourable macroeconomic conditions and ample liquidity.

India has been one of the top recipients of foreign fund flows among emerging markets since February 2019 on the back of positive global sentiment,

Details
Category: Stock Market

Write comment (94 Comments)

US-based asset management firm Providence Equity Partners is likely to join Vodafone Idea in selling their stakes in Indus Towers for roughly Rs 2,000 crore and Rs 5,500 crore, respectively, before the tower company’s merger with Bharti Infratel, people aware of the matter said.

Under the terms of the merger, Providence, which owns 4.85 per cent

Details
Category: Stock Market

Write comment (92 Comments)

CCI clears CDPQ's acquisition of debentures in Edelweiss arm
New Delhi" The Competition Commission of India has approved Canadian fund manager CDPQ's acquisition of compulsorily convertible debentures of Rs 1,800 crore in Edelweiss Group's non-banking financial services arm.

Earlier in March this year, Edelweiss said CDPQ Private Equity Asia Pte, a wholly-owned subsidiary of CDPQ, and Edelweiss Group signed

Details
Category: Stock Market

Write comment (93 Comments)

Government stake to fall below 51% in bluechip PSUs to boost disnvestment
NEW DELHI: Government proposes to offload substantial portion of its stake in select blue chip companies this year to meet higher disinvestment target even though the exercise will bring down its holding below 51 per cent level, the minimum holding required for an entity to qualify as a central public sector enterprise (CPSE).

Officials in

Details
Category: Stock Market

Write comment (98 Comments)

Leela shareholders back sale to Brookfield
Hotel Leelaventure's shareholders have overwhelmingly backed the proposal to sell key hotel assets to Brookfield Asset Management though the transaction cannot go ahead till the capital markets watchdog completes its investigation into complaints made by key Leela shareholders.

Nearly 86 per cent of all shareholders voted in favour of the

Details
Category: Stock Market

Write comment (98 Comments)

CCI approves Baring PE-NIIT Tech's Rs 2,627 crore deal
New Delhi: The Competition Commission said Friday it has cleared Baring Private Equity Asia's 30 per cent stake purchase in mid-sized IT services firm NIIT Technologies in a Rs 2,627-crore deal.

The acquisition will trigger an open offer under which Baring Private Equity Asia (BPEA) will make an offer to public shareholders of NIIT Technologies

Details
Category: Stock Market

Write comment (93 Comments)

Crude, rupee, earnings among 8 factors steering stock market in the week ahead
NEW DELHI: Election-related jitters, crude oil prices, heightened VIX, rupee movement and April F-O expiry swayed sentiment in the domestic market last week.

Benchmarks Sensex and Nifty swung between gains and losses through the week.

Eventually, on a weekly basis, Sensex slipped 73 points, or 0.2 per cent, while Nifty added 2 points.

Going

Details
Category: Stock Market

Write comment (97 Comments)

A three-way merger of all lending and insurance businesses in the Shriram Group would help simplify the conglomerate’s ownership structure, making it sufficiently attractive for potential investors to consider buying Ajay Piramal’s stake and give the billionaire an exit route that is mutually beneficial to both sets of shareholders.

“We are l

Details
Category: Stock Market

Write comment (93 Comments)

Leelaventure gets shareholders' nod to sell hotels; to abide by Sebi directive
New Delhi: Hotel Leelaventure Friday said its shareholders have approved the resolutions to sell its four hotels, hotel operations, and its shares in the company's arm Leela Palaces and Resorts Ltd by postal ballot.

The company, however, said it will abide by the directions of Sebi that none of the transactions proposed in the its postal ballot

Details
Category: Stock Market

Write comment (90 Comments)

The week gone by remained as flat as it could get. In our previous weekly note, we had projected the market to remain volatile with the 11,760 level providing stiff resistance to any rally. On those projected lines, the market remained volatile, headed nowhere and continued to face resistance at the 11,760 level before finally ended the week flat
Details
Category: Stock Market

Write comment (92 Comments)

Mumbai: Yes Bank on Friday reported a massive quarterly loss, amplified by provisions against bad loans to an infrastructure conglomerate and an airline, as the lender’s first non-founder CEO Ravneet Gill began a cleanup act in right earnest.

The bank posted a loss of Rs 1,507 crore for the January-March quarter, compared with a profit of Rs 1,180

Details
Category: Stock Market

Write comment (97 Comments)

Piramal Enterprises Q4 profit dives 88% to Rs 456 crore
New Delhi: Piramal Enterprises Friday reported 88 per cent plunge in consolidated net profit to Rs 456.24 crore for the fourth quarter ended March 31, 2019.

In the year-ago period, the company had a net profit of Rs 3,943.98 crore on the back of deferred tax, according to a regulatory filing.

These figures are after taking into account tax and

Details
Category: Stock Market

Write comment (97 Comments)

Tesla's Musk agrees to new vetting rules for tweets in SEC deal
NEW YORK: Tesla Inc Chief Executive Elon Musk has reached a deal with the US Securities and Exchange Commission to settle a dispute over his use of Twitter, agreeing to submit his public statements about the company’s finances and other topics to vetting by its legal counsel, according to a court filing on Friday.

If it is approved by a judge, the

Details
Category: Stock Market

Write comment (92 Comments)

Brokerages have cut earnings estimates for Maruti Suzuki (India) by 3-13 per cent for the ongoing financial year after the auto maker reported a weak set of numbers for the March quarter.

“MSIL’s strong brand, wide distribution, apt portfolio for India and low penetration of cars in India keep us constructive on MSIL in the long term. However, giv

Details
Category: Stock Market

Write comment (99 Comments)

YES Bank likely to post drop in Q4 profit; shares trading higher
NEW DELHI: YES Bank will come out with its March quarter earnings on Friday. The private lender is expected to report a degrowth in profit despite healthy expansion in net interest income (NII). Analysts said the commentary from new Managing Director and CEO Ravneet Gill will be crucial.

Elara Capital expects the bank to report a 7.2 per cent

Details
Category: Stock Market

Write comment (96 Comments)

Wall Street week ahead: Good news from China could boost materials shares
NEW YORK: Even as the lift from optimism over prospects for US-China trade detente shows signs of wearing off for the wider US stock market, upbeat sentiment around China’s economy could bolster shares of materials companies.

Shares of S-P 500 industrial and technology companies, which were buffeted by last year’s tit-for-tat tariffs as well

Details
Category: Stock Market

Write comment (99 Comments)

Mumbai: Tata Steel’s stabilising debt profile has prompted analysts to increase their target price and upgrade profit estimates after the fourth-quarter earnings. The stock, analysts believe, could give returns of up to 60 per cent in the next one year with continued reduction in debt from internal accruals and divestment of noncore businesses.

The

Details
Category: Stock Market

Write comment (95 Comments)

Share market update: Realty shares mixed; Indiabulls Real Estate slips 2%
NEW DELHI: Most realty shares were trading on a mixed note in Friday's morning session.

Shares of Indiabulls Real Estate (down 2.27 per cent), Godrej Properties (down 1.15 per cent), Phoenix Mills (down 0.92 per cent) and Sunteck Realty (down 0.70 per cent) were trading with losses.

Sobha (up 1.07 per cent), DLF (up 0.86 per cent), Prestige

Details
Category: Stock Market

Write comment (95 Comments)

Reliance Home Finance debt downgraded to default
Mumbai: Care Ratings has downgraded Reliance Home Finance’s long term debt program of Rs 4,979 crore to default due to delay in servicing bank debt.

The rating for long term debt program was downgraded to Care D from Care BBB+ due delays in debt servicing with some of the banks factoring in linkages between RHFL and its parent Reliance Capital.

Details
Category: Stock Market

Write comment (95 Comments)

National Company Law Tribunal orders liquidation of ABG Shipyard
Mumbai: The National Company Law Tribunal (NCLT) has ordered liquidation of ABG Shipyard, one of the first of the ‘dirty dozen’ accounts Reserve Bank of India red flagged for insolvency proceedings under the newly introduced Insolvency and Bankruptcy Code (IC) two years ago, despite protests from sole bidder Liberty House that claimed its offer for
Details
Category: Stock Market

Write comment (92 Comments)

Tata Steel jumps 5% post earnings, but brokerages have mixed views
NEW DELHI: Shares of Tata Steel jumped 5 per cent in morning trade on Friday, a day after the company reported Rs 2,430.92 crore profit (attributable to shareholders) for March quarter.

The company reported robust volumes, in which realisations declined in kilter with global prices, pointing to marginal gains for future profitability, as overseas

Details
Category: Stock Market

Write comment (95 Comments)