Sensex sheds 237 pts dragged by HUL, RIL, Infosys; Nifty ends below 18,050

Closing Bell: Broader markets bled more than benchmarks with the BSE Midcap and Smallcap indices falling up to 0.7 per cent

2:32 PM

HDFC to raise at least Rs 3000 cr via bonds; may invite bids next week

India's Housing Development Finance Corp (HDFC) will return to bond market after a gap of two months, three merchant bankers said on Friday. READ MORE
 

2:20 PM

Earnings Alert:: Union Bank Q3 net zooms over 100%; stock up 2%

Union Bank of India Q3 net more-than-doubled to Rs 2,245 crore for the quarter ended December 2022, against Rs 1,085 crore in the corresponding quarter a year ago. Net Interest Income grew 20.3 per cent YoY to Rs 8,628 crore.
 

2:09 PM

Dollar around seven-month low as growth concerns mount, yen retreats

The US dollar loitered around its seven-month lows on Friday as fears of an economic slowdown dented risk appetite, while the yen eased even as speculation swirls that the Bank of Japan (BOJ) will eventually move away from its ultra-easy policy. READ MORE
 

1:59 PM

Budget 2023: Centre likely to announce PLI scheme for more sectors

The government is likely to extend fiscal incentives for production of toys, bicycles and leather and footwear in the forthcoming budget as it looks to expand production linked incentive (PLI) scheme. READ MORE
 

1:47 PM

No issue with crypto in India if laws are followed: MoS IT Chandrasekhar

India's junior IT minister on Thursday said there was no issue with cryptocurrencies in India if all laws are followed, in remarks that contradicted the central bank's view advising investors to stay away from crypto. READ MORE
 

1:36 PM

Coforge jumps 7% after Q3FY23 results beats Street estimate

The firm upgraded its fiscal year 2023 annual revenue growth guidance to 22 per cent in constant currency terms and reaffirmed adjusted EBITDA annual margin guidance. READ MORE
 

1:26 PM

BSE 500:: Hindustan Zinc, Havells India, LTTS among top losers

Hindustan Zinc down nearly 7 per cent and was the top loser among the BSE 500 stocks. Havells India, L&T Technology Services (LTTS), Edelweiss Finance and Hindustan Unilever, down 3 - 4 each were the other significant losers so far on Friday.
 

1:16 PM

2023 to be tough on trade as global economies will slow down: GTRI to Govt

Announcement of measures like quick refund of duties, resolving inverted duty issues and bringing exports through post and courier at par with standard customs clearances in the forthcoming Budget. READ MORE
 

1:05 PM

Gems and jewellery exporters feel the heat of govt curbs on gold imports

Amid rising risks to external demand, the government is concerned about widening trade deficit, bringing the focus back on curbing non-essential imports. READ MORE
 

12:55 PM

Earnings Alert:: Aether Q3 net jumps 38%; stock up 2%

Aether Industries Q3 net jumped 38 per cent to Rs 35.04 crore for the quarter ended December 2022, against Rs 25.40 in the corresponding quarter a year ago. Total income was up 11 per cent YoY at Rs 170.53 crore.
 

12:43 PM

Global Check:: Asian markets hold steady gains; Hang Seng soars 1.4%

Source: Yahoo Finance

12:32 PM

Videocon Group founder Venugopal Dhoot gets interim bail from Bombay HC

Dhoot approached the high court after co-accused Chanda Kochhar, former managing director and chief executive officer of the ICICI bank, and her husband were granted bail. READ MORE
 

12:31 PM

Infosys CEO Salil Parekh signals M&A ramp-up as economic outlook brightens

We are very much looking at what we can do to acquire much more actively. Valuations are in a range that make more sense," Parekh told Bloomberg News in an interview at the WEF in Davos. Read more

12:22 PM

BSE 500:: CoForge, Mazagon Dock, Engineers India among top gainers

CoForge up 6.5 per cent was the top gainer among the BSE 500 stocks so far on Friday. It was followed by Mazagon Dock, Engineers India, Infibeam Avenues and Jindal Stainlesss, up 4 - 5 per cent each.
 

12:20 PM

Videocon Group founder Venugopal Dhoot gets interim bail from Bombay HC

Dhoot approached the high court after co-accused Chanda Kochhar, former managing director and chief executive officer of the ICICI bank, and her husband were granted bail. Read more