Surat-based ABG Shipyard and its former promoters are accused of duping a consortium of 28 banks to the tune of Rs 22,842 crore
At 10:40 AM, AWL up 5 per cent stood at 50th position in overall market-cap ranking with a m-cap of Rs 1.04 trillion, BSE data shows.
While analysts remain mixed on how the government's largest-ever IPO would perform on Dalal Street, they expect the issue to sail through as the markets have staged strong recovery from March lows.
Reports suggest LTI & Mindtree could be eyeing a merger. Besides, the acquisition race for Holcim's India assets is heating up Ultratech Cement reportedly throwing in its hat in the ring
LIC IPO price band likely to be set at Rs 902-949 a share
Live news updates: Catch all the latest news developments from across the world here
HUL Q4 preview: Analysts lack consensus on the net profit change from last year. However, all estimates showed that it will likely fall between 3-9 per cent on a sequential basis
CLOSING BELL: Sectorally, all the indices ended in the green zone, led by the Nifty Realty and Auto indices, up 3.5 per cent and 3 per cent, respectively
Analysts expect revenue to decline by 11-12 per cent year-on-year (YoY) in Q4, marked by decline in volumes and surge in average selling price due to steep price hikes taken over the last few quarters
According to a Bloomberg report, Gautam Adani's conglomerate is in advanced talks to acquire Holcim Ltd.'s businesses in India.
Analysts have flagged concerns around increased competition from bigger hospital players, and the inability to sustain profitability levels.
On April 12, the board of Simplex Infra approved fund raise of up to Rs 421.80 crore by issuing shares and warrants to Swan Construction, a non-promoter group company on a preferential basis.
Overall, the Nifty IT index has declined 19 per cent from its historic peak of 39,446 recorded in early January, 2022. Charts indicate 31,000 to 30,000 as the accumulation range for the index.
The majority of Tata Sons shareholders vote for directors' appointment
Khadim India surged 18% to Rs 274, while Liberty Shoes surged 13% to Rs 177.95, followed by Superhouse (11% to Rs 209) and Mirza International (6% to Rs 230).
Q4 ebitda margin was up by 405 bps to 35 per cent on the back of strong operational efficiency and internal cost control measures.
In Q1, standalone EBITDA margin improved 310 basis points (bps) to 15.5 per cent from 12 per cent in Q4.
Stocks to Watch today: Bajaj Finance, HDFC Life, Macrotech Developers, KPIT Technologies are among those slated to announce their Q4 earnings today.
According to the technical analyst from Anand Rathi, Genus Power has confirmed a multi-year breakout above the Rs 95 mark, and seems poised to rally towards Rs 140 in the next few months.
Twitter may announce the $43 billion deal later on Monday once its board has met to recommend the transaction.
Twitter's shares were up about 6% following the news
With Rs 1.05 trillion, Adani Power is the sixth Adani Group company which has touched the Rs 1-trillion m-cap milestone
Holcim Ltd., the world's biggest cement maker, is considering a potential sale of businesses in India including Ambuja Cements.
The government will sell its 3.5 per cent equity in LIC for Rs 21,000 crore, valuing India's largest insurer at Rs 6 trillion
Inflation is up in India. At some point, the RBI will have to raise rates, like the rest of the world is doing, Rajan said
ICICI Bank Q4 review: With steady growth delivery, strong asset quality, and low credit costs, the bank can continue to drive steady low-risk returns with consistent earnings per share compounding
Among FMCG stocks, Adani Wilmar seems to be better placed at current levels as per the technical charts.
Live news updates: Washington's top diplomat and its defence secretary meet Ukrainian President Volodomyr Zelenskiy in Kyiv.
CLOSING BELL: Bajaj Auto, HDFC Bank, ICICI Bank, Axis Bank, HDFC, Nestle India, Bharti Airtel, and Kotak Bank were the only gainers, rising up to 2 per cent
Fears of steeper interest rate hikes by the US Fed have made investors jittery globally.
The government holds 53% stake in BPCL and is planning to sell its entire stake
Brokerage firm Motilal Oswal Financial Services believes Hindustan Zinc to reach peak mine output after management guides flat production growth in FY23.
Future Supply Chain Solutions (down 20 per cent at Rs 37.30) and Future Lifestyle Fashions (down 20 per cent at Rs 29.40) also hit their respective all-time lows in intra-day trade on Monday.
Palm oil is used in products like cooking oil, processed foods, cosmetics and biofuels.
The MCX Gold futures may seek near support around Rs 52,040; whereas Silver futures have multiple key support around Rs 65,235 and Rs 64,600.
Stocks to Watch Today: Shares of pharma company - Aurobindo, Sun Pharma and Jubilant are likely to be in focus as the trio have recalled different products in the US market as per the latest USFDA
Latest news live updates: From coronavirus updates to Russia-Ukraine conflict, catch all the live updates here.
Eight of the top-10 most valued firms together lost Rs 2,21,555.61 crore from their market valuation last week, with Infosys and HDFC Bank suffering the biggest hit.
Ola Electric is recalling 1,441 units of its electric two-wheelers in the wake of incidents of vehicles catching fire, according to a company statement.
On the occasion of National Panchayati Raj Day, Prime Minister Narendra Modi will visit Jammu and Kashmir today and address gram sabhas across the country.
The government will sell 3.5% equity for Rs 21,000 crore valuing India's largest insurer at Rs 6 trillion.
NII stood at Rs 12,605 cr, other income rose 15% to Rs 4,737 crore
A majority of the secured creditors voted against the resolution.
While the RBI's monetary policy committee kept rates steady in its recent policy review in April, UBS expects the Indian central bank to hike rates starting June 2022
In the case of senior citizens, the aggregate of Rs 50,000 apply; rule came into force on April 21
JCB India's revenues jumped from Rs 4,500 cr in 2010-11 to nearly Rs 12,000 cr in 2020-21, while profits surged from Rs 483 cr to Rs 1,500 crore
Says HDFC will have the benefit of distribution at all 6,500 branches of the bank. Today not all the branches of HDFC Bank source housing loans from HDFC
He is likely to be replaced by economist Suman Bery.
CLOSING BELL: SBI, HUL, IndusInd Bank, Axis Bank, Dr Reddy's Labs, Bajaj Finserv, and ICICI Bank fell in the range of 2-3 per cent
The company's board is scheduled to meet on April 28 to consider a proposal for raising funds