Markets near day's lows; Nifty slips below 7,300
Posted on 29th May 2014 |
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| Markets were trading near their day's lows after the first hour of trade weighed down by sell-off in Infosys after after B G Srinivas, President and Board member tendered his resignation from the company. This was the 10th high level exit from the company. At 10:45AM, the 30-share Sensex was down 145 points at 24,411 and the 50-share Nifty was down 35 points at 7,294. Among the index heavyweights Infosys was down 6.1% and Reliance Industries was down 1.1%. HDFC Group shares were among the top Sensex gainers along with FMCG major ITC. ONGC gained 0.8% and M&M up 1.8% after a correction in the previous few sessions. Among other shares, Godrej Industries was up nearly 2% after posting a huge jump in net profit for the fourth quarter and year ended March 31. The stock is quoting at Rs 301, stronger by Rs 7 or 2.5%, on the BSE. HPCL recovered after sliding in early trades rising 2% on the back of highest net profit for fiscal 2014 for the past ten years. For the full fiscal 2013-14, the company reported almost doubling of net profit to Rs 1,733.77 crore. HPCL had reported net loss in two out of the previous three quarters in 2013-14. The increase was mainly due to increased refining and marketing margins. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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