Sterlite Power has sold 14.7 per cent stake in IndiGrid with the transaction valued at Rs 840 crore at a unit price of Rs 98. The sale of its stake has been made to institutional and HNI investors, the company said in a statement.

The company, which is into real estate, exhibition centre, food and beverages and engineering businesses, had reported a net profit of Rs 37.83 crore in the corresponding period of the last fiscal.

Its consolidated income from operations stood at Rs 605.95 crore for the quarter under consideration. It was Rs 1,138.31 crore for the corresponding period a year ago.

The company had reported a net profit of Rs 2,602.79 crore in the same quarter a year ago.

Standalone revenue from operations declined 26.20 per cent YoY to Rs 7,420 crore.

The biggest bets of the ICICI Pru investment team, led by market veteran S Naren, during the month were in power, oil and gas, shipping, textiles, banking and PSU stocks.

The bulls wrote huge number of puts intraday at 11,300 and 11,200 levels on weekly expiry options.

The BSE SmallCap index was trading 0.66 per cent up at 14030.95.

The BSE MidCap index was trading 0.3 per cent up at 14626.53.

The Nifty Telecom index was trading 0.25 per cent up at 1257.11.

MSCI cut Bharti's weight from 3.5 per cent to 1.8 per cent in the India index and from 0.285 per cent to 0.144 per cent in the Emerging Markets (EM) Index on Wednesday.

The consolidated PAT was Rs 330.02 crore during the corresponding period last year, the city-based Murugappa Group company said in a statement.

The bank had posted a net profit of Rs 185.65 crore in the corresponding period of the previous fiscal, CUB said in a regulatory filing.

Consolidated total income stood at Rs 44.62 crore during the quarter under consideration. It was at Rs 358.22 crore in the same period a year ago.

It also restricted the number of layers of CICs within a Group, including the parent CIC) to two, in order to address the complexity in group structures and existence of multiple CICs within a group.

Remittances went down very sharply, but we benefited from higher-margin developments like higher deposit accretion, micro ATM and cash management services, and Aadhaar-enabled payments services (AEPS), Gupta told .

Under the framework, exchanges can levy penalty on companies in case of non-redressal of investor complaints and ask depositories to freeze the shareholding of the promoter entities.

Its revenues from operations dropped 41.09 per cent to Rs 50,909.24 crore from Rs 86,412.87 crore a year ago.

Its total income rose to Rs 16,932.24 crore during the quarter under review from Rs 14,605.12 crore a year ago.

CLSA also raised the target price to Rs 535 (from Rs 325 earlier), indicating an upside of 13 per cent from the current market.

The index was trading 0.29 per cent up at 3108.25.

The Nifty Infrastructure index was trading 0.56 per cent up at 3214.7.

CK Narayan of Chart Advise, Dalal Street's most seasoned and arguably senior-most expert in market technicals, will share his technical tips on the go right here on this page.

Shyam Sekhar, a Chennai-based value investor who runs iThought Financials, said if MSCI can be gamed, it only shows the state of credibility of our brokerages and media. The rot runs too deep, he tweeted.

The index was trading 0.27 per cent up at 1579.7.

The Nifty Metal index was trading 0.86 per cent up at 2375.05.

The Nifty Media index was trading 1.58 per cent up at 1420.9.

Shares of Vodafone Idea Ltd. traded 0.68 per cent up in trade at 09:42AM on Thursday.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2%, and gains in semiconductor makers drove Japan's Nikkei 1.9% higher to a six-month peak.

MCX said it will launch a liquidity enhancement scheme in the newly launched segment 'options on goods' with gold mini contract.

Realisation may improve a bit, but Ebitda margin is seen cracking 700-1,300 basis points, analysts warned.

Santosh Tibrewalla HUF sold 60,000 shares of Hindon Chemicals at Rs 17.64 while Sanjay Goenka bought 52,000 shares at Rs 18.15 per share.

Once Nifty manages to break out above 11,340, it may scale up towards the 11,450-11,500 zone in the short term.

Launch of the first Covid-19 vaccine in Russia, rebound in European markets and firm US stock futures boosted sentiments on Dalal Street but looming uncertainty on the stimulus package in the US kept investors on their toes.

Many of us start off our mutual fund SIPs with the theoretical acceptance of the volatility that is intrinsic to equities as an asset class, and of the fact that we cannot simply escape to the haven of fixed deposits and bonds if we intend to counter inflation and build an adequate corpus for our long-term goals.

The AMC's investment team led by market veteran Prashant Jain sold shares in large quantities in RIL, HDFC Bank, Aurobindo Pharma, Adani Ports, ITC, Axis Bank and SpiceJet, among others, and completely exited Vodafone Idea, DLF, ICICI Prudential Life.

During a post earnings call with analysts, ace investor Rakesh Jhunjhunwala questioned the accounting procedure and sought clarity over Titan management on these hedges.

The Nifty Infrastructure index was trading 0.11 per cent up at 3200.35.

The index was trading 0.11 per cent up at 13852.11.

The index was trading 0.47 per cent down at 14325.27.

Shares of State Bank of India traded 2.84 per cent up in trade at 09:41AM on Wednesday.

Taking cognizance of her petition, a single-judge bench of the Bombay High Court has granted interim relief to Suyash and has restrained defendants from displaying, exhibiting, advertising or utilizing her image in any manner until further order. The court has also directed internet service providers across the country from facilitating access to all websites and apps displaying Suyashs image/likeness without her consent.

Around the world, businesses and societies are in uncharted territory. The coronavirus has engulfed us all in a crisis like few others before it, and the glo...