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Business / Business Standard

Despite lockdown, SBI Card reports daily spends at over Rs 175 cr in May

Top online categories were departmental stores and groceries (D&G), utilities and services, while top point of sale categories were D&G, fuel, electronics, health and wellness

2 Jun 2020 2:41 pm
AT1 bonds are risky but back on investor radar after YES Bank episode

AT1 bonds are hybrid instruments and pay a slightly higher rate of interest compared to similar non-perpetual bonds.

2 Jun 2020 2:27 pm
SBI creates separate business vertical for financial inclusion, agri biz

8,000 semi-urban, rural branches to work under the Financial Inclusion and Micro-Markets vertical vertical

2 Jun 2020 2:26 pm
VST Tillers freezes at 20% upper circuit ahead of May sales numbers

The company had posted strong sales in April 2020 with total sales climbing 51 per cent YoY to 1,089 units from 721 units in April 2019.

2 Jun 2020 1:46 pm
Analysts ride two-wheeler stocks for gains as India eases Covid-19 lockdown

Expected demand pick-up in tier-II and tier-III cities as well as preference for personal mobility amid the Covid-19 health concerns are the top two factors that would drive the demand, analysts say.

2 Jun 2020 12:56 pm
Nifty Pharma gains 2.5%, crosses 10K mark for the 1st time since Oct 2018

Aurobindo Pharma, Biocon, Cipla, and JB Chemicals & Pharmaceuticals hit their respective 52-week highs on the NSE on Tuesday.

2 Jun 2020 11:25 am
Adani Green surges 5%, hits record high on no material impact of Covid-19

The company doesn't expect any issue in servicing the debt and other financing arrangements.

2 Jun 2020 10:30 am
Tata Power gains nearly 7% as it completes 51% stake buy in Odisha's TPCODL

TPCODL was incorporated on April 6, 2020 as a wholly-owned subsidiary of GRIDCO Limited (GRIDCO) to carry out the business of Central Electricity Supply Utility of Odisha (CESU).

2 Jun 2020 9:50 am
Mahindra & Mahindra rallies 10% in 2 days on healthy tractor sales in May

The timely relaxation of the lockdown for the agricultural sector ensured speedy recovery of tractor demand during May.

2 Jun 2020 9:35 am
Stocks to watch: RIL, IndiGo, Britannia, Hero Moto, Wipro, Coal India, NCC

Here's a look at the top stocks that may remain in focus today

2 Jun 2020 8:44 am
Nifty view & stock calls by Anand Rathi: Buy Bharti Airtel, Cadila Health

The stock of Bharti Airtel is making a higher top and higher bottom pattern on the daily chart and has formed a Doji candlestick pattern which hints of a trend reversal

2 Jun 2020 7:44 am
Moody's downgrade: Expect bouts of correction; sell-off in markets unlikely

Stock markets generally discount an outcome a few months in advance. They might have seen the bottom in March, unless a more ferocious second wave results in a fresh lockdown, writes Ambareesh Baliga

2 Jun 2020 7:43 am
Market Ahead, June 2: All you need to know before the opening bell

A total of 18 companies, including the likes of Britannia, Indigo, and Motherson Sumi, are scheduled to announce their results today which will induce individual stock reactions

2 Jun 2020 7:39 am
2 Jun 2020 7:33 am
Gold price today: Rs 47,043 per 10 gm; silver at Rs 49,330 per kg

The gold price today for 24-carat gold in New Delhi is Rs 47,700 per 10 gram

2 Jun 2020 7:03 am
Nifty zooms 1,000 points in just 9 trading sessions; HDFC Bank shines

Interestingly, all the 50 Nifty components have delivered positive gains during this period.

2 Jun 2020 2:21 am
Uday Kotak to offload 2.8% in Kotak Bank

Kotak is expected to sell 56 million shares in a block deal via secondary placement in a price range of Rs 1,215-1,240

2 Jun 2020 1:22 am
Punjab National Bank reduces lending rate linked to repo by 40 bps

The bank's marginal cost of funds-based lending rate (MCLR) has also been revised downwards by 15 bps across all tenors.

2 Jun 2020 1:11 am
Moody's rating downgrade unlikely to rattle markets, say experts

'It was expected that Moody's would align back India's rating with Fitch and S&P'

2 Jun 2020 1:07 am
RIL's Rs 53,125-cr rights issue fully subscribed two days ahead of closing

The rights issue closes on June 3. Shares of RIL closed at Rs 1,520 on Monday

1 Jun 2020 11:14 pm
IDBI AMC, IDBI MF Trustee Company settle BILT case for over Rs 90 lakh

Sebi had initiated inspection after finding BILT subsidiary's default

1 Jun 2020 11:09 pm
Sensex, Nifty zoom to 1-month high over unlock 1.0 and FPI buying

The Sensex gained for the fourth consecutive day, rising 879 points, or 2.7%, to end at 33,303, while the Nifty rose 246 points, or 2.6%, to end at 9,826

1 Jun 2020 10:23 pm
Indian banks traded in non-deliverable forward markets for the first time

RBI in the past was against this market, but gave way when it was found that the offshore volume in rupee trading is actually higher than the onshore volume

1 Jun 2020 9:51 pm
Dose of sobering reality, sentiment negative: Analysts on Moody's downgrade

Here's how leading analysts have interpreted the development and its likely impact on the markets.

1 Jun 2020 9:09 pm
Centre marginally hikes kharif MSP even as rising food subsidy weighs

Farmers question calculation method, say returns remain inadequate

1 Jun 2020 8:21 pm
VC firm Antler launches in India; Urban Ladder co-founder joins as partner

Antler said India is expected to be the third-largest market and grow into a 5 trillion dollar economy, fueling a much higher growth for the digital economy

1 Jun 2020 6:34 pm
Metals, crude prices surge on gradual unlocking of global economy

Stronger manufacturing data from China supports upswing

1 Jun 2020 6:03 pm
Top private banks' Q4 profits nearly halve on covid-19 provisioning

The pressure on earnings will continue, say experts

1 Jun 2020 5:34 pm
Market Wrap, June 1: Here's all that happened in the markets today

Sensex rallied 879 points or 2.71 per cent to 33,303.52 levels, with 25 of 30 constituents advancing and 5 declining

1 Jun 2020 5:23 pm
RBI's extension of loan moratorium a credit negative for NBFCs: Moody's

The credit outlook report noted that the Government of India and the Reserve Bank of India have announced a series of measures to alleviate liquidity stress at the NBFCs

1 Jun 2020 3:45 pm
After LPG, aviation fuel prices hiked by Rs 11,000 per KL in Delhi

The price of ATF in the national capital has been raised by Rs 11,030.62 to Rs 33,575.37 per kilolitre

1 Jun 2020 3:09 pm
Biocon rallies 6%, hits record high on favourable ruling from US PTAB

Biocon's partner Mylan received a favourable ruling from U.S. Patent and Trademark Appeal Board (PTAB) on Sanofi's four device patents for Lantus SoloSTAR.

1 Jun 2020 3:01 pm
Corporation tax rate cut may save the day for Britannia in Q4, say analysts

In April, Britannia announced an interim dividend of Rs 35 per share for the financial year 2019-20.

1 Jun 2020 2:19 pm
Auto stocks in top gear despite sales de-growth due to Covid-19

In May, the S&P BSE Auto index gained 5.6 per cent as compared to 3.8 per cent decline in the S&P BSE Sensex.

1 Jun 2020 2:04 pm
IndiGo Q4 preview: Analysts see loss up to Rs 2,600 cr amid Covid-19 woes

Rise in fuel costs due to depreciation of rupee during the quarter, slight decline in passenger load factor, but marginal expansion in fleet capacity are some other factors that could affect earnings

1 Jun 2020 12:49 pm
Adani Power shares surge 10% as Gautam Adani plans to delist Co

The board of Adani Power is scheduled to meet on Wednesday to consider the proposal for voluntary delisting of the equity shares of the Company

1 Jun 2020 12:10 pm
Vodafone Idea, Britannia: Stocks of MNCs zoom up to 100% in two months

The outperformance of MNCs has seen 19 such stocks grab a spot in the top 100 list of companies by market capitalisation (market-cap)

1 Jun 2020 11:53 am
Discoms can now buy power on exchanges just an hour before delivery

Real time electricity market enables consumers, including distribution companies (discoms) and captive users, to buy power on exchanges just an hour before delivery

1 Jun 2020 11:15 am
Nomura sees Nifty at 10,200 in Mar'21; financials to drag earnings

The lockdown's impact on corporate earnings will be worse than seen during the GFC, according to Nomura

1 Jun 2020 10:11 am
Escorts nears record high on May tractor sales nos, soars 32% in one month

Analysts say tractors are likely to see relatively faster recovery in the second half of this fiscal.

1 Jun 2020 10:09 am
Consumer durable stocks rally; Voltas jumps 10%, Symphony up 7% post-Q4 nos

For the quarter under review, Voltas reported a 12.52 per cent year-on-year (YoY) increase in its consolidated net profit at Rs 159.50 crore

1 Jun 2020 10:02 am
IDBI Bank turns profitable after 13 straight quarters of loss; stock up 20%

The asset quality of bank, which is under Prompt Corrective Action (PCA), showed an improvement in slippage during the fourth quarter.

1 Jun 2020 9:54 am
Unlock 1.0: Hotel stks rally up to 19% as operations to resume from June 8

Indian Hotels, Chalet Hotels, EIH, TajGVK Hotels & Resorts, EIH Associated Hotels and Shopper Stop were up in the range of 10 per cent to 19 per cent on the BSE in the intra-day trade.

1 Jun 2020 9:38 am
Stocks to watch: YES Bank, HCL Tech, IDBI Bank, aviation, Dilip Buildcon

Here's a list of stocks that may remain in focus today

1 Jun 2020 8:46 am
Stock picks by Angel Broking: Buy Vinati Organics, Kajaria Ceramics

The level of 9,450 followed by 9,380 would now be seen as a sacrosanct support for Nifty

1 Jun 2020 8:28 am
Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

The stock of HUL has maintained a strong base near 1970-1980 levels and has picked up momentum improving the bias

1 Jun 2020 8:07 am
Top stock picks by CapitalVia Global Research: Buy RIL, Piramal Enterprises

The level of 9,200 might act as a base for Nifty's weekly expiry

1 Jun 2020 8:03 am
1 Jun 2020 7:40 am
Market Ahead, June. 1: Top factors that could guide markets this week

SGX Nifty, which is up 130 points, is indicating a stronger opening for the Indian indices today

1 Jun 2020 7:30 am
Gold price today: Rs 47,010 per 10 gm; silver at Rs 50,110 per kg

The gold price today for 24-carat gold in New Delhi is Rs 47,510 per 10 gram. Gold rate in Chennai is Rs 49,160 and Mumbai Rs 47,010

1 Jun 2020 7:05 am