Business
Govt Approves Biggest Privatisation Drive, Will Sell Stake in BPCL and Four Other PSUs: FM Sitharaman
The government will sell its 53.29% stake in BPCL after taking out Numaligarh refinery in Assam from its portfolio, said Sitharaman.
Rana Kapoor, Founder of Yes Bank, Now Left with Just 900 Shares of the Lender
Yes Bank’s other co-promoters Madhu Kapur and her family-owned entitiy Mags Finvest Pvt. Ltd together continue to hold 8.33% in the Bank.
Reliance Industries M-cap Inches Closer to Rs 10 Lakh Crore Mark as Stock Climbs by over 4%
Reliance Industries Ltd (RIL) on Tuesday achieved another milestone, becoming the first Indian firm to hit a market valuation of Rs 9.5 lakh crore.
Bharti Airtel, Vodafone Idea Shares See Sharp Gains as Brokerages Cheer Tariff Hike Move
At 10:20 am, shares of Bharti Airtel were trading at Rs 433.70, up 6%, after hitting the day’s high of Rs 435. The stock has risen over 20% in the past three sessions.
Rupee Extends Gains for Second Day, Rises 18 Paise to 71.78 Against US Dollar
At the interbank foreign exchange market, the rupee opened at 71.80 against the US dollar. It fluctuated between a high of 71.68 and a low of 71.87 in day trade.
Bharti Airtel Shares Rise 3% Despite Massive Q2 Loss as Brokerages Stay Positive
At 9:45 am, Bharti Airtel shares were trading at Rs 369.60, up 2%, after hitting day’s high of Rs 373.25. Notably, the stock has risen over 32% in the last one year.
Sensex Ends 170 Points Higher as Bank and IT Stocks Save The Day
Top gainers in the Sensex pack included ICICI Bank, Infosys, Bajaj Finance and HDFC Bank, rising up to 2.67 per cent. While, IndusInd Bank, Vedanta, Tata Motors, ONGC and HUL fell up to 2.79 per cent.
Vodafone CEO Blames Media for 'Distorting' Statement After Govt's Displeasure on 'Business Uncertainty' Remark
Vodafone Group CEO Nick Read is learnt to have written back to Prime Minister Narendra Modi promising that the company will remain invested and blamed the media for distorting his remarks made around telecom business in India.
Affle India Shares Rally 10% After Robust Q2 Numbers; Nomura Expects Further Upside
After the results announcement, Japanese brokerage firm Nomura initiated coverage on the Affle India stock with a ‘buy’ rating and set a target price of Rs 1,900, implying 36% potential upside from its previous close.
Four of Top-10 Firms Lose Rs 55,682 Crore in M-cap; TCS, HUL Worst Hit
Reliance Industries Limited (RIL) and ITC were the other frontline companies that suffered a drop in their market capitalisation (m-cap) for the week ended Friday, while ICICI Bank, HDFC Ltd, HDFC Bank, Infosys, Kotak Mahindra Bank and SBI were on the gai...
'Ask Almighty or Nilekani': Sebi Chief Ajay Tyagi on Even God Can't Change Numbers Remark Amid Infosys Probe
Under fire in the wake of whistleblower complaints about alleged accounting lapses at Infosys, Nilekani had said processes at the company are so strong that even God cannot change the numbers.
Sensex Jumps 184 Points to Hit Fresh Record High as Nifty Reclaims 12,000-Mark
Top gainers in the Sensex pack included Sun Pharma, IndusInd Bank, RIL, ITC, Vedanta, Asian Paints, HDFC and Infosys, advancing up to 3.02 per cent.
Bajaj Electricals Shares Continue to Slide for a Second Day after Q2 Results
The stock has fallen nearly 33% in the past one year compared with a 13% rise in the benchmark Nifty 50 index.
Sensex Rallies 200 Points to Hit Fresh High; Nifty Breaches 12,000-mark
Top gainers in the Sensex pack included IndusInd Bank, SBI, ITC, HDFC, RIL, Axis Bank and Bajaj Finance, advancing up to 3 per cent.
India Would Need Around 2,400 New Aircraft in Next 20 Years: Boeing
Between 2013 and 2018, the number of weekly flights in India increased from 2,022 to 4,501, signifying a strong network growth. Also, the number of airports served in India have increased from 96 in 2013 to 111 in 2018.
Burger King’s India Unit Looks to Raise Rs 4 Billion in IPO
Private equity firm Everstone Capital, which operates Burger King India, is considering a private placement of shares worth 1.5 billion rupees ahead of the IPO.
