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[ad_1] The January futures contract of the Nifty 50 on the Singapore Exchange is pointing to a positive start for domestic equities on Tuesday. The contract was trading at 18,000, up 50 points or 0.28 per cent from the previous close. Earnings Today: Infosys, HCL Technologies, Anand Rathi, Cyient, Den Networks and GM Breweries among others to announce Q3 results today. Hindustan Unilever: The company on Wednesday said it has completed the acquisition of a 51 per cent stake in Zywie Ventures for a consideration of Rs 264.28 crore. On December 8 last year, HUL announced it will acquire a 51 per cent stake in Zywie Ventures, marking its entry into the health and wellbeing segment. Sah Polymers: The stock is likely to debut on a positive note following the better-than-expected response to its IPO, according to the market buzz. Overall the IPO was subscribed 17.5 times, and the company issued shares at Rs 65 apiece. Container Corporation of India (Concor): The government to invite

[ad_1] Last Updated: April 18, 2023, 09:56 IST Rishi Sunak's Wife Akshata Murty UK Prime Minister Rishi Sunak’s wife Akshata Murty experienced a paper loss of approximately £49 million; Read details here UK Prime Minister Rishi Sunak’s wife Akshata Murty experienced a paper loss of approximately £49 million (over Rs 500 crore) after shares in Infosys Ltd, the Indian software giant co-founded by her father, Narayana Murthy, dropped 9.4 per cent on Monday. Infosys saw its biggest intraday percentage drop since October 2019, and dragged other IT stocks, with the Nifty IT index dropping as much as 7.6 per cent. After opening with a gap-down, Infosys shares slipped 12 per cent in intraday trade. The stock recovered towards the end of the session and closed at Rs 1259 forming a hammer candlestick pattern on daily charts. The last time Infosys shares hit a lower circuit was on March 23, 2020. According to a Bloomberg report, Murty’s stake in Infosys is still more than $450 million.

[ad_1] Infosys Share Price Today:  Infosys Limited Shares rose marginally to Rs 1,489 apiece on the BSE in Friday’s opening deals after the IT company reported a better-than-expected over 13 per cent rise in profit in the December quarter. It also raised its annual sales forecast on a strong deal pipeline even as it warned of “constraints" in certain verticals amid slowing global economy. Consolidated net profit rose to Rs 6,586 crore in October-December 2022 as against Rs 5,809 crore a year back. The IT bellwether expects a revenue growth of 16-16.5 per cent for the current financial year compared to a growth of 15-16 per cent it had projected earlier despite the “changing global conditions". However, at 21.5 per cent, the margins were lower than 21.6 per cent expected by the street. It was unchanged on sequential basis. Company’s FY23 revenue growth guidance points to a stable near-term demand outlook, notwithstanding a minor upgrade, CLSA noted. The Bengaluru headquar

[ad_1] Stocks to watch on August 16:  Nifty futures traded 94 points, or 0.48 per cent, lower at 19,380, signaling that Dalal Street was headed for a negative start on Wednesday. Here’s a slew of stocks that will be in focus today for various reasons. SBFC Finance: The grey market premium indicates a likely bullish debut for the stock, with gains up to 50 per cent over the issue price of Rs 57 per share. The Rs 1,025 crore IPO had received a strong response, and was subscribed more than 74 times during the offer period. IndiGo: Co-founder’s Rakesh Gangwal and wife Shobha Gangwal are likely to sell up to 4 per cent stake in the company worth Rs 3,730 crore in block deals on Wednesday. As per the term sheet, the offer floor price is set at Rs 2,400 per share. ITC: The company reported a 16.29 per cent YoY rise in Q1 consolidated net profit for the quarter ended June 2023 at Rs 5,104. 93 crore when compared with Rs 4,389.76 crore in the corresponding quarter a year ago. Consolidat

[ad_1] Last Updated: June 28, 2023, 08:17 IST Stocks to Watch on June 28:  The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 18,862.50, up 51.5 points or 0.27% from the previous close. HDFC Ltd: The company said that the process of HDFC-HDFC Bank merger is underway, and the effective date is currently tentative and subject to change. This comes after its chairman Deepak Parekh said that the merger was expected to be completed on July 1, 2023. Additionally, HDFC announced the merger of its wholly-owned subsidiaries, HDFC Investments Limited and HDFC Holdings Limited, with HDFC Limited. Vedanta: Sources have told CNBC-TV18 that Vedanta-Foxconn has submitted a revised application to the Ministry of Electronics and Information Technology (MeitY) to establish a semiconductor fabrication unit in the country. The updated application comes in response to the new guidelines issued by MeitY and aims to

[ad_1] The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 17,644.50, up 53.5 points or 0.30% from the previous close. ZEEL: Zee Enterprises’ managing director and chief executive Puneet Goenka on Thursday moved appellate tribunal NCLAT challenging the order of the National Company Law Tribunal which admitted an IndusInd Bank plea for insolvency proceedings against the firm. The share price fell over 10% intraday on Thursday, before paring losses to close 3.46% lower. Lemon Tree Hotels: The company approved acquisition of up to 22,00,000 Compulsorily Convertible Preference Shares of Aleur Hotels, APG Strategic Real Estate Pool N.V, existing shareholder. HDFC Bank: The private sector lender announced it raised $750 million through a dollar bond sale. The bank, acting through GIFT City IFSC Banking Unit completed the issue of $750 million Senior Unsecured Bonds. The notes are rated Baa3 by Moody’s

[ad_1] Stocks to Watch on July 21:  Nifty futures traded 18 points, or 0.09 per cent, higher at 19,876.50, signaling that Dalal Street was headed for a positive start on Friday. Here’s a slew of stocks that will be in focus today for various reasons. Results today: Reliance Industries, Ultratech Cement, JSW Steel, HDFC Life, Hindustan Zinc, DLF, Vedanta, One97 Communications, Ashok Leyland, Federal Bank, among others will report the April-June quarter results for fiscal year 2023-24 (Q1FY24). Tata Motors: Tata Motors arm JLR announced the appointment of Adrian Mardell as CEO for a three year term. Hindustan Unilever: The FMCG giant registered a 7.3 per cent year-on-year (YoY) increase in consolidated net profit in Q1FY24, in line with Street estimates. Revenue, too, saw an increase of 6 per cent YoY to Rs 15,496 crore. Infosys: The IT major saw 1.3 per cent sequential growth in revenues in the June quarter due to slowdown in deal ramp-ups. Net profit, meanwhile, declined 3 per

[ad_1] Last Updated: June 28, 2023, 08:17 IST Stocks to Watch on June 28:  The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 18,862.50, up 51.5 points or 0.27% from the previous close. HDFC Ltd: The company said that the process of HDFC-HDFC Bank merger is underway, and the effective date is currently tentative and subject to change. This comes after its chairman Deepak Parekh said that the merger was expected to be completed on July 1, 2023. Additionally, HDFC announced the merger of its wholly-owned subsidiaries, HDFC Investments Limited and HDFC Holdings Limited, with HDFC Limited. Vedanta: Sources have told CNBC-TV18 that Vedanta-Foxconn has submitted a revised application to the Ministry of Electronics and Information Technology (MeitY) to establish a semiconductor fabrication unit in the country. The updated application comes in response to the new guidelines issued by MeitY and aims to