The month of May saw two large share sales -Rs 25,000-crore in Hindustan Unilever (HUL), and Rs 8,400-crore in Bharti Airtel (Airtel
Eight leading promoter-controlled business houses have emerged as the new Corona warriors for the stock market
The Bajaj group is the only one on the list of 12 conglomerates to be down - 1 per cent - since the lockdown came into effect, thanks to the hammering of stocks of non-banking financial companies.
The company almost halved its final dividend to 5.45 Singapore cents a share, down from 10.7 cents announced last year
According to BSE data, Societe Generale picked up 35.3 million shares at Rs 561.1 apiece
Sensex slipped 477 points from day's high to settle at 30,609.30, down 63 points
All that happened in the markets today
Corporate results will continue to pour in throughout the week. Investors will first react to HDFC's and other results that were announced over the weekend
Shares are being offered to large investors at 6 per cent discount to March 22 closing price of Rs 593; Mittal company joins top Indian companies in raising funds
The telecom sector body had earlier voiced against the spectrum auction due to financial stress in the sector
The Delhi government, in a major relaxation. has permitted everyone to go to office. But the Maharashtra government has gone to the other extreme by keeping offices closed till the end of May.
Bharti Airtel reported a consolidated net loss of Rs 5,237 crore in Q4FY20 against a net profit of Rs 107.2 crore in the corresponding quarter last year.
Airtel had, on Monday, reported Q4 loss at Rs 5,237 crore, mainly on account of provisioning for paying statutory dues, while its full year losses ballooned to a record Rs 32,183 crore.
All that happened in the markets today
A 12-quarter high ARPU, strong 4G subscriber addition give a boost to revenue
Today, 18 companies, including Bajaj Finance, Apollo Tyre, and Ujjivan Small Finance Bank, are scheduled to announce their March quarter earnings
During the quarter, the company took an exceptional charge of Rs 7,004 crore mainly on account of the re-assessment of interest on licence fee, and spectrum usage charges (including interest on AGR).
The company had posted a profit of Rs 107.2 crore in the same period a year ago.
Analysts expect the Covid-19 outbreak to have a limited impact on telecommunications companies (telcos) as compared to other sectors
Of 30 constituents, 20 declined and 10 advanced. Mahindra & Mahindra ended as the top loser on the index while telecom major Bharti Airtel was the biggest gainer