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12.04 / 06:19
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Shree Cements shares gain 0.65% as Sensex falls
Shree Cements Ltd. traded 0.65 per cent higher in Friday's session at 11:36AM (IST). The stock opened at Rs 25750.0 and has touched an intraday high and low of Rs 25851.85 and Rs 25605.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 30710.15 and a 52-week low of 22601.3. About 202 shares changed hands on the counter so far.
12.04 / 06:19
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ET Exclusive: Japan’s MUFG set to pick 20% stake in HDFC Bank arm HDB Financial for $2 bn
MUFG) is buying a 20% stake in HDB Financial Services, a non-banking subsidiary of HDFC Bank at a $9-10 billion valuation, ahead of its proposed IPO, said people aware. The final decision is likely to take place next week at the HDFC Bank board meeting, said people in the know. Once announced this will be among the largest deal in the shadow banking space in India. HDFC Bank owns around 95% of the shadow bank and employees own 5% as ESOPs. The discussions have been ongoing for years but gathered momentum in the last few weeks. The deal is being done at 5 times book value.
12.04 / 05:43
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Q4 Results Today: What to expect from TCS earnings?
Tata Consultancy Services (TCS). Apart from this, Anand Rathi Wealth will announce its earnings for three-months ended March 31, 2024 along with three more lesser known companies listed on the exchanges — Eraaya Lifespaces, Metalyst Forgings and Milgrey Finance & Investments Here's a preview of what the numbers might look like for TCS:
12.04 / 05:43
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JM Financial initiates coverage on newly-listed Bharti Hexacom, signals 38% upside
JM Financial initiated coverage on Bharti Hexacom Ltd (BHL), which listed at a premium of 32.5% today, with a buy recommendation and a price target of Rs 790. Shares of the company were trading on BSE at Rs 767 on Day 1. “We expect BHL’s ARPU to grow at 10% CAGR, consisting of two elements: 6-7% ARPU CAGR due to regular tariff hikes; and 3-4% ARPU CAGR due to Bharti Airtel’s premiumisation strategy.” read the report by JM Financial.
12.04 / 05:43
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Stocks to buy today: 9 short-term trading ideas by experts for 12 April 2024
India VIX, a measure of volatility in Nifty, was reported at 11.36, up 2.29% over Wednesday's closing. Indian equity markets were closed on Thursday on account of Eid-Ul-Fitr (Ramzan Id).
12.04 / 05:25
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85-year-old woman kills home intruder in act of self-defence ‘heroism’
Police in Idaho said an 85-year-old woman exhibited “heroism, fortitude, and a will to live” after she fatally shot a man who broke into her home, handcuffed her to a chair and made threats to kill her.
12.04 / 05:25
12.04 / 05:25
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Canada needs another 1.3M homes by 2030 to solve supply and demand gap: PBO
Canada will need to build roughly 1.3 million more new homes than are currently projected to eliminate the gap between housing supply and demand, according to a new report by the Parliamentary Budget Officer (PBO).
12.04 / 05:17
12.04 / 05:05
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BEL shares rise 1.87 per cent in Friday's trading session
Bharat Electronics Ltd. rose 1.87 per cent to Rs 233.1 in Friday's trade as of 10:10AM (IST) even as the benchmark Nifty ruled at 22640.55, down 113.25 points. The scrip had closed at Rs 228.8 in the previous session. The stock quoted a 52-week low of Rs 98.85 and a high of Rs 235.2. The company quoted a market-cap of Rs 168709.7 crore on the BSE.
12.04 / 05:05
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Share price of Indian Hotels jumps as Sensex drops 441.09 points
Indian Hotels Company Ltd. gained 1.64 per cent to Rs 606.0 at 10:20AM (IST) in Friday's trade. The scrip hit a high of Rs 607.1 and low of Rs 597.0 so far during the session. The stock had closed at Rs 596.2 in the previous session. The counter had a total traded volume of 10:20AM shares so far with a turnover of Rs 1.46 crore on BSE. The stock traded at a price-to-earnings multiple of 72.72 and a price-to-book ratio of 5.77.
12.04 / 05:05
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Lupin share price up 1.8 per cent
Lupin Ltd. traded 1.8 per cent up at Rs 1634.55 at around 10:15AM (IST) on Friday. The stock had closed at Rs 1605.5 in the previous session. Equity benchmark Sensex traded 444.9 points lower at 74593.25 around the same time.
12.04 / 05:05
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Stock market update: Nifty Auto index falls 0.01% in a weak market
Sona BLW Precision Forgings Ltd.(up 4.69 per cent), Samvardhana Motherson International Ltd.(up 1.77 per cent), Bosch Ltd.(up 1.39 per cent), Tata Motors Ltd.(up 1.15 per cent) and Bajaj Auto Ltd.(up 0.72 per cent) were among the top gainers.
12.04 / 05:01
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Noida news: 42 realtors to clear dues, allow registry of stalled housing projects
High demand for ₹1 crore homes; Over 10,000 units sold in Delhi-NCR in Q1 2024 In December 2023, the Uttar Pradesh government asked Noida development authorities to register within 90 days all flats that are mire in legal cases. Under the UP government policy, registration of stalled flats can start after the builder pays 25% of dues and the remaining 75% to be paid in the next one to three years.
12.04 / 05:01
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Moody's affirms India's ‘Baa3’ stable rating, projects over 6% growth for next two years
ANI reported. In its latest assessment, Moody's noted that India's stable outlook reflects the likelihood of gradual improvement in the country's fiscal metrics, supported by its robust growth prospects, compared to its peers, as per the report.
12.04 / 04:19
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Q4 Results Today: TCS, Anand Rathi among 4 companies to post earnings on April 12
Q4 Results Today: A total of four companies are scheduled to release their financial results for the fourth quarter of FY24 (Q4FY24) on April 12. Tata Consultancy Services (TCS), Anand Rathi, Metal Forge India, and Milgrey Finance Investments Ltd are the four companies that will release their earnings for the January-March 2024 period on April 12. India Inc.
12.04 / 04:19
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Indian student Arfath, found dead in US, took ₹43 lakh education loan; father says 'have to see how to repay'
Mohammed Abdul Arfath who was found dead in Ohio earlier this week, said his family was hopeful that their son will be found alive but all they got is his body. He also expressed concern about the repayment of education loan worth ₹43 lakh the family had taken for Arfath's studies in the United States. “It was his dream to settle in the US.
12.04 / 04:19
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RBI rule ambiguity stifles FX derivatives boom, exposes regulatory gaps in India: Report
FX derivatives market, a playground for speculative bets on the rupee, now faces a regulatory reckoning. The central bank's crackdown, demanding underlying exposure for all trades, has sent shock waves through the market. This disconnect between the regulator's intent and market understanding exposed potential gaps in India's regulatory framework, raising concerns for investors and jeopardizing the country's image as a stable investment destination, according to a report by Reuters.
12.04 / 04:19
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Sushil Kedia-led Kedianomics bullish on Tesla share price as company eyes India expansion
‘Looking forward to meeting with PM Modi’: Elon Musk confirms visit to India Tesla share price has jumped nearly 6 per cent this week so far on NASDAQ ahead of CEO Elon Musk's meeting with Prime Minister Narendra Modi. Musk has confirmed that he will be visiting India and meeting PM Modi amid buzz that EV (electric vehicles) maker Tesla is finally scouting for land to set up a factory in the country. Tesla share price closed 1.65 per cent higher at $174.60 in the previous session.
12.04 / 04:19
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Vietnam's real estate tycoon Truong My Lan sentenced to death in fraud case. Who is she, the case - All you need to know
Vietnam, however, it is rare in financial crime cases and for someone this well known. Lan was involved in the 2011 merger of the troubled Saigon Joint Commercial Bank, or SCB, with two other lenders in a plan coordinated by Vietnam’s central bank. According to the government documents, Lan is accused of using the bank for personal gains, illegally controlling it between 2012 to 2022.
12.04 / 04:19
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Pakistan Army personnel storm police station, thrash cops for arresting commando, video sparks backlash
Pakistan Army personnel engaging in the alleged torture of policemen from Punjab province. As reported by PTI, in one clip, the police officers, clad in uniform, were forced to kneel on the ground by the army personnel. In another scene, two officers undergoing severe mistreatment were observed pleading with the army personnel to refrain from further harm.
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