RIL, HDFC Bk drag Sensex 115pts, Nifty holds 17,450; indices up 19% in FY22

CLOSING BELL: Hindalco tumbled 5 per cent, followed by Divis Labs, Apollo Hospitals, RIL, Wipro, Eicher Motors, Dr Reddy's Labs, and Cipla

1:40 PM

DFM Foods soars 15%; report says company may get de-listed

1:29 PM

Veranda Learning IPO subscribed 1.6 times so far on final day

Retail investor portion booked 8.8 times. 

Illustration by Binay Sinha

1:20 PM

FMCG stocks firmly higher; Marico gains 3%

 

 

1:07 PM

Russia offers oil to India at steep discount to pre-war price of $35/barrel

Russia is offering India steep discounts on the direct sale of oil as mounting international pressure lowers the appetite for its barrels elsewhere following the invasion of Ukraine, according to people with knowledge of the matter. Read more

Photo: Bloomberg

12:59 PM

Bain Capital buys 24.98% stake in IIFL Wealth for nearly Rs 3,700 cr

Private equity firm Bain Capital will acquire a 24.98 per cent equity stake in IIFL Wealth Management from General Atlantic Singapore and FIH Mauritius, which is owned by Indian-Canadian billionaire Prem Watsa’s company Fairfax. Read here

 

12:48 PM

Britannia's planned price hike signals coming inflationary pain

Britannia Industries Ltd., India’s biggest cookie manufacturer, plans to hike prices as much as 7% this year in another sign that inflationary pressures will hurt poorer consumers the most, as the war in Ukraine wreaks havoc on food supply chains. Read more

Britannia logo

12:40 PM

Most Asian indices hold losses in late deals

 

12:30 PM

Tejas Networks up 5% as co to acquire 64% stake in Saankhya Labs

Shares of Tejas Networks were locked at 5 per cent upper circuit at Rs 424.90 on the BSE in Thursday’s trade after the company said it has signed definitive agreement to acquire 64.4 per cent stake in Saankhya Labs Private Ltd for Rs 283.94 crore in cash. Read here

Illustration: Ajay Mohanty

12:30 PM

NEWS ALERT :: Most of India may see above normal temperature in April, says Met Dept

12:23 PM

Axis Bank can jump up to 7% post Citi deal; needs to hold 200-DMA

The acquisition of Citibank’s India consumer business by Axis Bank did not elicit much enthusiasm in the opening trades for the latter's stock on the NSE and BSE. Shares of Axis Bank opened 1.6 per cent higher at Rs 763, and have traded sideways so far in the day. Axis Bank’s 52-week high stands at Rs 866.90 recorded in November 2021. Read more

Imaging: Ajay Mohanty

12:13 PM

HAL firm in green on bagging govt orders for 15 light helicopters

The Cabinet Committee on Security (CCS) on Wednesday approved the procurement of 15 Light Combat Helicopter (LCH) for Rs 3,887 crore from the company, for the Indian Air Force.

 

12:05 PM

IMF warns Russia sanctions can chip away dollar dominance: Report

Financial sanctions imposed on Russia threaten to gradually dilute the dominance of the U.S. dollar and could result in a more fragmented international monetary system, Gita Gopinath, IMF's First Deputy Managing Director, told The Financial Times. Read here

11:54 AM

MARKET CHECK: Sensex slips in red, Airtel, RIL, Infosys, Wipro drag

 

11:42 AM

Hindalco slips 8% in two days on profit booking; stock up 77% in one year

Shares of Hindalco Industries traded lower for the second straight day, down 4 per cent at Rs 577.45 on the BSE in Thursday’s intra-day trade in an otherwise range-bound market. READ MORE HERE

11:41 AM

US calls India's stand on Russian sanctions 'deeply disappointing'

The U.S. and Australia criticized India for considering a Russian proposal that would undermine sanctions imposed by America and its allies, showing a deepening rift between the emerging security partners as Foreign Minister Sergei Lavrov traveled to Delhi for talks. Read here

Sergei Lavrov. Photo: Bloomberg