MARKET WRAP: Sensex, Nifty end little changed; Tata Steel, SBI advance 3%

All that happened in the markets today

1:12 PM

Business failures can't be deemed as crimes, will reform laws, says PM Modi

Hardselling his administration's pro-business approach, Prime Minister Narendra Modi on Friday said the government is working to decriminalise provision of Companies Act to make it easier to do business in the country. Speaking at an Assocham event, he said the recent cut in corporate tax has brought rates to all-time low for businesses. READ MORE

1:06 PM

ABB India trades weak after stock turns ex-date for spin off

ABB India shares dipped 4 per cent to Rs 1,280 on the BSE on Friday after the stock turned ex-date for spin off today.
 

The board of directors of ABB India has fixed "December 23, 2019" as the record date for determining the names of the equity shareholders of the Company to whom equity shares of ABB Power Products and Systems India Limited ("APPSlL"), would be issued and allotted. READ MORE

12:55 PM

NEWS ALERT | Anish Shah appointed CFO of Mahindra & Mahindra till April 2021: BSE Filing

-- Shah will become MD & CEO of co for 3 years w.e.f April 2, 2021.

 

-- VS Parthasarathy will step down as CFO on April 1, 2020

-- Board approves transition of Anand Mahindra's role to Non-executive Chairman. 

 

-- Pawan Goenka re-designated MD & CEO upto November 11, 2020

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12:52 PM

Dr Reddy's reaping benefits of domestic market focus, outperforms peers

The focus of Dr Reddy’s Laboratories (DRL) on the domestic market seems to be paying off. This has helped the company outperform the domestic pharma market in seven of the last eight quarters.

 

In November, DRL registered growth of 28 per cent year-on-year (YoY), which was the highest among peers and double that of the industry growth (14.5 per cent). The trailing twelve-month average, at 15.4 per cent, was also higher than the pharma growth of 9.8 per cent. READ MORE

12:42 PM

MARKET CHECK | Top 5 gainers on the BSE at this hour

12:31 PM

IPO Watch | Prince Pipes issue subscribed 90% so far on Day 3

12:16 PM

PM Modi at ASSOCHAM AGM

For me, FDI means First Develop India. The country has attracted a large chunk of Foreign Direct Investment in the last five years

12:14 PM

PM Modi at ASSOCHAM AGM

No inappropriate action will be taken against genuine business decisions

12:14 PM

PM Modi at ASSOCHAM AGM

Genuine business failure cannot be termed as fraud

12:14 PM

PM Modi at ASSOCHAM AGM

Banking sector has been strengthened; can help in making India a $5 trillion economy

12:13 PM

PM Modi at ASSOCHAM AGM

Systemeic weaknesses have been addressed. Corporates should look to invest more

12:12 PM

PM Modi at ASSOCHAM AGM

Have put an end to government's interference in banking. Economy should be formalised and modernised

12:09 PM

PM Modi at ASSOCHAM AGM

> Current corporate tax rates lowest in 100 yrs

>> Moving towards faceless tax administration to bring transparency and accountability

12:08 PM

PM Modi at ASSOCHAM AGM

We inherited a weak economy. NDA halted economic slump in India

12:07 PM

PM Modi at ASSOCHAM AGM

13 banks are back in profit; 6 banks out of PCA framework