Sensex dips 124 pts, smallcaps shine; Paytm cracks 9%, Tata Motors up 2%

CLOSING BELL: HCL Tech (down 2.7 per cent), Tata Steel, Reliance Industries, Wipro, ITC, ICICI Bank, Infosys, and HUL were top Sensex losers

2:11 PM

Earnings Alert: BEML Q3 slips 14%; stock flat

BEML reported a 15.9 per cent dip in Q3FY23  net profit at Rs 66.54 crore as against Rs 79.12 crore in Q3FY22. Total income was down 11.5 per cent YoY at 1,039.76 crore.

2:03 PM

Global Check:: Hang Seng slips 2% in subduded Asian trade

Source: Yahoo Finance

1:56 PM

Earnings Alert: Alkem Labs Q3 slips 14%; stock up 2%

Alkem Laboratories Q3 net slipped 13.8 per cent to Rs 459.96 crore for the quarter ended December 2022 as against Rs 533.35 crore in the corresponding quarter a year ago. Total income, however, rose 15.5 per cent YoY to 3,086.24 crore from Rs 2,672.50 crore.

1:48 PM

GAIL signs advance pricing agreement with CBDT; first oil, gas PSU to do so

State-run GAIL (India) Limited entered into a advance pricing agreement (APA) with the Central Board of Direct Taxes (CBDT) for determining the transfer pricing margin payable on its long-term LNG sourcing contract from the United States for a period of five years. READ MORE

1:40 PM

Earnings Alert: Sanghvi Movers Q3 soars 4-fold; stock jumps 4.5%

Sanghvi Movers Q3 net zoomed 294 per cent to Rs 34.72 crore for the quarter ended December 2022 as against Rs 8.81 crore in the corresponding quarter a year ago. Total income was up 47.9 per cent YoY at Rs 128.96 crore from Rs 87.22 crore during the same period.

1:32 PM

ALERT:: Maruti Suzuki India launches all-new Tour S - with Sedan Taxi; stock flat

Maruti Suzuki India today announced the launch of the All-new Tour S – India's Most Fuel-Efficient Entry-Level Sedan Taxi#. 

1:27 PM

Earnings Alert: Goldiam International Q3 net dips 27%; stock down 5%

Goldiam International Q3 net declined 27.3 per cent to Rs 288 crore for the quarter ended December 2022 as against Rs 396 crore in the quarter ended December 2021. Total income was down 17.1 per cent YoY to Rs 1,856 crore from Rs 2,240 crore.

1:19 PM

India's drug regulator serves show-cause notice to online pharmacies

The Drugs Controller General of India (DCGI) sent a notice on February 8 and gave firms two days to respond, failing which it will take action without warning. Around half a dozen companies are known to have received the notice regarding alleged violation of the Drugs and Cosmetics Act, 1940. READ MORE

1:10 PM

BSE 500:: Punjab & Sind Bank, Aurobindo Pharma, Escorts among top gainers

Punjab & Sind Bank up 6.5 per cent was the top gainer among the BSE 500 stocks so far on Friday. It was followed by Aurobindo Pharma, Escorts Kubota, Medplus Health and KSB, up 5 - 6 per cent each.

1:01 PM

Rs 1.5-trn spending rationalisation helps govt meet FY23 deficit target

The Centre has carried out an expenditure rationalisation exercise of at least Rs 1.5 trillion in the current fiscal year (2022-23, or FY23). This move has helped it meet the fiscal deficit target of 6.4 per cent of nominal gross domestic product (GDP), Business Standard has learnt. READ

 

12:52 PM

Q3 Result :: M&M reports net profit at Rs 1,528 crore

>> Ebitda comes in at Rs 2,814 crore VS Rs 1,806 crore YoY

>> Ebida margin 13% vs 11.85% YoY

12:51 PM

Railways to acquire new rolling stock worth Rs 1.87 trillion in FY24

After a record budgetary allocation, the ministry of railways has plans to acquire new rolling stock worth over Rs 1.87 trillion in the upcoming financial year, according to the national transporter's annual rolling stock programme for 2023-24 (FY24). READ

12:42 PM

FIIs turn net buyers; invest $840 million in Indian bonds in 2023 so far

Foreign institutional investors have purchased $840 million worth of Indian bonds so far in 2023. This is a change in the trend as they were net sellers of bonds in the years 2022 and 2021. READ

12:33 PM

BREAKING :: Air raid alert sounded out across Ukraine

12:25 PM

Reliance to invest Rs 75,000 crore in UP to expand telecom network

Billionaire Mukesh Ambani on Friday announced Rs 75,000 crore investment over the next four years in expanding the telecom network, including roll out of 5G services, retail and new energy business in Uttar Pradesh. READ MORE