Sensex ends at record high, up 476 pts; Voda Idea gains 3% on govt relief

Both Sensex and Nifty hit fresh record highs in intra-day deals on Wednesday

1:29 PM

Samco MF to use six 'stress tests' for picking stocks before investing

Samco Asset Management Company (AMC) on Tuesday said it will use ‘stress test’ strategy for picking stocks. The online discount broker last month obtained Sebi approval to foray into the mutual fund (MF). Samco AMC will initially launch a flexicap scheme followed by a global active fund and an equity linked saving scheme (ELSS). READ MORE

1:18 PM

Sector Watch :: Auto stocks rally amid reports of nod to PLI scheme

1:10 PM

Telecom stocks extend gains as reports suggest Cabinet clear relief package

>> Vodafone Idea up 6%, Bharti Airtel 5%

1:06 PM

ALERT : Cabinet clears Auto PLI scheme, telecom relief package, suggest TV reports

>> Cabinet briefing at 3 pm

12:58 PM

Thomas Cook India extends partnership with Visa, to include its Borderless Card

>> The Thomas Cook Borderless card can be loaded with nine global currencies on a single card

>> The partnership benefits customers with access/acceptance across the Visa network over 70 million merchant establishments and e-commerce sites worldwide
 

12:51 PM

Force Motors shares zoom as all-new Gurkha unveiled

12:36 PM

SpiceJet launches 38 new domestic and international flights

>> New flights effective from 15th September in a phased manner
 

>> Launches non-stop flights connecting Visakhapatnam with Mumbai, Udaipur with Chennai and Delhi with Male
 

>> SpiceJet will also connect Surat with Delhi, Varanasi with Bengaluru, Jaipur and Jharsuguda with Mumbai and Chennai with Pune, Jaipur and Varanasi
 

>> Enhances frequency between Bengaluru and Delhi, Bengaluru and Mangalore,  Kishangarh (Ajmer) and Mumbai, Chennai and Goa among others

 

12:24 PM

Tech View: Zee Entertainment, Zee Learn & Zee Media can rally up to 30%

Shares of Essel Group companies have been in the limelight over the last two trading sessions as the top shareholders of the company sought to revamp board composition. The two biggest shareholders -- Invesco Developing Markets Fund and OFI Global China Fund LLC -- called for an extraordinary shareholders’ meeting to remove Punit Goenka as director of Zee Entertainment. READ MORE 

12:14 PM

Man Infra gains in trade

>> Man Infra construction appointed as Developer by Juhu Sai Darshan Co-operative Housing Society Limited at Juhu, Mumbai to undertake redevelopment work

>> The Company is expected to generate total revenue of more than Rs 250 Crores from the said Project

 

12:08 PM

Fitch upgrades outlook on Shriram Transport from 'negative' to 'stable'

Fitch Ratings has revised the outlook on India-based Shriram Transport Finance Company Ltd's (STFC) long-term foreign- and local-currency Issuer Default Ratings (IDR) from “negative” to “stable”. It affirmed ratings at “BB”. The rating agency affirmed “BB-” rating for Manappuram Finance's Issuer Default Ratings with “Stable” outlook. It also affirmed the long-term IDR on IIFL Finance at 'B+'. The outlook is stable and Muthoot Finance's IDRs are at 'BB'. The outlook is Stable. READ MORE

11:59 AM

ALERT :: 38.6 lakh NHPC shares traded in a block

11:47 AM

GST Council may deliver blow to food-delivery operators Swiggy, Zomato

Online food-delivery operators such as Swiggy and Zomato may have to pay goods and services tax (GST) on restaurant services supplied through them. The GST Council in a meeting on Friday in Lucknow will take this up.

 

Estimating GST losses of Rs 2,000 crore in 2019-20 and 2020-21, the fitment panel has recommended food aggregators be classified as e-commerce operators and pay GST on behalf of the restaurants concerned. READ MORE
 

11:37 AM

ALERT :: Sensex hits new record high

11:24 AM

Nifty bank sees positive upmove after negative start; Most banks in green

11:22 AM

Bharti Airtel market cap nears Rs 4-trillion mark;up 23% in 13-trading days

Telecom services provider Bharti Airtel is set to join an elite group of companies having market captialisation (market cap) of Rs 4 trillion after the stock price of the company continued its upward movement on back of a slew positive news. The stock hit a fresh record high of Rs 719.60, up 4 per cent on the BSE in intra-day trade on Wednesday. READ MORE