WhatsApp Financial News

Amazon Prime Video has confirmed that 'Betty La Fea, the Story Continues,' the sequel to the Colombian telenovela that inspired ABC's 'Ugly Betty,' will premiere on July 19. Returning Cast Members

C K Birla Group, on Wednesday said it has forayed into the South Indian market with the acquisition of ARMC IVF Fertility Centre for an undisclosed amount. Currently, Birla Fertility & IVF operates 30 centres and with the acquisition, it has expanded its presence across Kerala, Karnataka, and Tamil Nadu, by adding seven more centres and taking the total to 37 outlets across the country. «ARMC IVF and its Founder and Medical Director, Dr KU Kunjimoideen, have served the patients in the southern region with the highest level of fertility care, and through this partnership, we will continue to uphold this commitment,» Avanti Birla, Founder, Birla Fertility & IVF, C K Birla Healthcare, said in a statement. The company plans to expand its footprint to 100 clinics with an investment of over Rs 500 crore over the next-3-4 years.

Reliance Industries Ltd on Wednesday said it has acquired a step-down subsidiary engaged in the manufacture of petrochemicals and hydrogen, for Rs 314.48 crore. In a stock exchange filing, the firm said Reliance Chemicals and Materials Ltd (RCML) is a step-down wholly owned subsidiary of the Company through Reliance Projects & Property Management Services Ltd (RPPMSL). «It is proposed to make RCML a direct wholly owned subsidiary and hence, the company has today, at around 3:15 p.m., acquired a 100 per cent equity stake of RCML from RPPMSL for an aggregate consideration of Rs 314.48 crore,» it said. RCML was incorporated in India on November 2, 2022, to undertake the business of manufacturing petrochemicals, vinyls, hydrogen & its derivatives, rare and industrial gases, bio-energy products and carbon fibre.

TVS Motor Company on Wednesday reported an 18% increase in standalone net profit to Rs 485.43 crore for the fourth quarter ended March 31, 2024. The company had posted net profit of Rs 410.27 crore in the year-ago period.

BSE on Wednesday recommended payment of a final dividend of Rs 15 per equity share of face value of Rs 2 each. This proposal is subject to the approval of shareholders at the ensuing AGM. The company has fixed June 14 as the record date to determine shareholders who will be eligible to receive a final dividend and the payment will be made on or before August 13.

government is likely to soon finalise a framework for a state mining index which would serve as a tool for stakeholders and ensure ease of doing mining business, an official said on Wednesday. A state mining index would boost cooperative federalism as well as competition among states, Mines secretary V L Kantha Rao said at a day-long workshop on State Mining Index here. Principal secretaries, directors and other officials from 26 states participated in the workshop to discuss and finalise the indicators and sub-indicators of performance which form part of the index framework and methodology. Post consultations and feedback from states, a framework of the state mining index will be finalized and released in July 2024 for actual ranking to take place in April next year, Kantha Rao said.

Reserve Bank of India (RBI) has decided to lift restrictions on Bank of Baroda's Bob World app with immediate effect, the bank said in the exchange filing. The bank said, «We wish to inform that the RBI conveyed to the Bank its decision to lift the restrictions on Bob World with immediate effect, as such the bank is free to onboard customers through Bob World application in accordance with the applicable guidelines and extant laws /regulations.» «The Bank will now resume onboarding new customers in the Bob World application. The Bank remains committed to ensure adherence and compliance of regulatory guidelines,» the filing said.

MUMBAI: The biennial election to four seats of the Maharashtra Legislative Council will be held on June 10, the Election Commission of India announced on Wednesday. Counting of votes will take place on June 13, an official release said here. The six-year tenure of the incumbent Members of Legislative Council (MLCs) will end on July 7. Of the seats going to polls, Mumbai teachers' and Mumbai graduates' constituencies are currently represented by Kapil Patil (Lok Bharati) and Vilas Potnis (Shiv Sena (UBT)).

On the BSE, Labelkraft Technolog(down 18.98 per cent), Sonata Software(down 15.15 per cent), City Crops Agro(down 13.54 per cent), Natura Hue Chem(down 12.36 per cent) and Shree Steel Wire(down 11.49 per cent) stood among the top losers in today's trade.

TVS Motor Company on Wednesday reported a standalone net profit of Rs 485 crore for the quarter ended March 31, 2024, up 18% YoY compared to Rs 410 crore reported by the company in the year-ago period. The revenue from operations for the reported quarter stood at Rs 8,169 crore, a nearly 24% uptick over Rs 6,605 crore reported in the corresponding quarter of the previous financial year.

Democratic Progressive Azad Party chief and former Union Minister during the UPA govt, Ghulam Nabi Azad today heavily criticised Air India for flight cancellations and went on to say that it should be shut as its 'basic culture is bad". Azad said this after his Delhi-Srinagar Air India Express flight got cancelled. «I was supposed to leave in the morning. But I am now leaving on an IndiGo flight after sitting here for 3-4 hours...If the flights were cancelled, they should have informed us in the morning itself. Why did they fool everyone?...Air India should be shut...Air India's basic culture is bad, nothing will become of it,» Azad was quoted as saying by ANI.

Shares of Biocon Ltd.(up 4.06 per cent), Zydus Lifesciences Ltd.(up 2.53 per cent), Ipca Laboratories Ltd.(up 1.79 per cent), Laurus Labs Ltd.(up 1.09 per cent) and Aurobindo Pharma Ltd.(up 1.05 per cent) ended the day as top gainers in the pack.

Energy solutions provider Polaris on Wednesday said it has secured a contract worth Rs 2,246 crore to install 2.2 million smart meters in West Bengal. «With this order, Polaris has successfully closed orders over Rs 7,700 crore across the geographies of Uttar Pradesh, West Bengal, Manipur, Bihar and Ladakh,» the company said in a statement. The new order worth Rs 2,246 crore in West Bengal is for installation of 2.2 million smart meters in the state. Polaris Smart Metering will supply, commission, install and maintain smart meters for consumers and system metering across the consumer base in these important clusters for the next 10 years. These smart meters will be equipped with state-of-the-art technology, enabling prepaid billing, real-time energy monitoring, accurate metering, and improved grid management capabilities.

non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions. «Please refer to provisions of Section 269SS of Income Tax Act, 1961, which stipulates that no individual can receive more than 20,000 rupees as loan amount in cash,» the letter showed. «Consequently, no NBFC should disburse loan amount in excess of 20,000 rupees in cash.»

Two-wheeler major Hero MotoCorp on Wednesday reported a standalone net profit of Rs 1,016.05 crore for the quarter ended March 31, 2024, which was up by over 18% versus Rs 858.93 crore reported by the company in the year-ago period. The profit was broadly in line with the Street's estimates of Rs 1,026 crore. The standalone revenue from operations stood at Rs 9,519 crore for the reported quarter, 14.6% higher over Rs 8,306.78 crore reported in the corresponding period of the last financial year.

AIADMK general secretary Edappadi K Palaniswami on Wednesday said the DMK regime burdening people by borrowing about Rs 3.5 lakh crore is its 'achievement' that marked its 3 years in office and the public would soon prove that it is an «anti-people» government. Slamming Chief Minister M K Stalin for asserting that he has proved through deeds that his party-led government has delivered, Palaniswami accused the DMK government of being an «idle regime» and not useful for the people. Palaniswami, also the leader of opposition, alleged that the DMK government has done no good for the people and did not fulfill assurances that would be beneficial to the people and the Stalin-led regime deceived the people. «Burdening people by borrowing Rs 3.5 lakh crore in about 3 years is the DMK government's achievement,» Palaniswami alleged in a statement.

Open interest indicates that bulls are likely to dominate the following counters. In Wednesday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

Siemens Ltd. gained 3.15 per cent to Rs 6289.8 in Wednesday's trade. It hit a high of Rs 6329.0 and low of Rs 6029.15 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 4175.42, while the 50-DMA was at Rs 5246.41. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Domestic benchmark index NSE Nifty fell 76.75 points to 22225.75, while the BSE Sensex traded 270.2 points down at 73241.65.

The NSE Nifty index traded 70.8 points down at 22231.7, while BSE Sensex was down 278.28 points at 73233.57 as of 11:10AM(IST)on May 08.

Godrej Consumer Products Ltd. traded 1.41 per cent up at Rs 1340.8 at 11:00AM (IST) on Wednesday, even as BSE benchmark Sensex dropped 270.2 points to 73241.65. The stock had closed at Rs 1322.05 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 1350.0 and Rs 932.05, respectively.