Sensex slides 238 pts, Nifty below 19,100; pvt banks, Airtel, RIL weigh

Closing Bell on Tuesday, October 31: The broader markets saw some action with the BSE MidCap index rising 0.29 per cent and the BSE SmallCap index 0.02 per cent

1:09 PM

Debut of 50-year bond in India leaves insurers hungry for a share

The government plans to sell Rs 10,000 crore ($1.2 billion) of a 2073 bond on Friday, according to the Reserve Bank of India. READ MORE

12:58 PM

US sales momentum, upward revision in margin guidance to support Cipla

The company's market share in Lanreotide (growth hormone disorder drug) improved from 18 per cent in Q1FY24 to 20 per cent now. READ MORE

12:50 PM

Broking shares rally up to 20%; Emkay, Nuvama, Angel, MOFSL hit 52-wk highs

Emkay Global zoomed 20% to Rs 107.49, its highest level since May 2022 on the BSE, after reporting a consolidated PAT of Rs 9.69 crore in Q2FY24 against a loss of Rs 1.78 crore in Q1FY24. READ MORE

12:40 PM

ALERT:: Vedant Fashions Q2 net dips 29%; stock up 1%

Vedant Fashions today reported a 29 per cent dip in Q2 net profit at Rs 48.99 crore for the quarter ended September 2023 when compared with Rs 68.96 crore in the year ago quarter. Total income was down 7.5 per cent YoY at Rs 232.65 crore.

12:30 PM

ALERT:: MMTC gets Singapore Court order to wind-up arm; stock soars 5%

MMTC's wholly-owned subsidiary, MTPL Singapore has received the Order from Hon'ble High Court of Singapore on winding up of MTPL Singapore. However, the final order is still awaited, the company said in a release to the exchanges.

12:19 PM

India sitting on tsunami of equities; index to double in 5 years: Raamdeo Agrawal

BS BFSI Insight Summit 2023: India is an extremely well explored market. What concerns me is buying a stock at a reasonable valuation, Raamdeo said. READ MORE

12:09 PM

Stock of this exchange and data platform firm has zoomed 114% in 9 weeks

Shares of BSE hit a new high of Rs 1,945.90 today and have rallied 23% in the past six days after revision in transaction charges for Sensex Options, effective from November 1. READ MORE

12:03 PM

BFSI Summit LIVE - PE CEOs | Audience Q&A Round

>> There is change in mindset from being copycat to innovators 

 

>> Tax on Esops a let down for start-ups

 

>> Start-ups in deep tech need to build products based on level-playing field
 

11:58 AM

BFSI Summit LIVE - PE CEOs | Audience Q&A Round

>> Growth & Profitability needs to have a balance approach, depending on the business model - Ankur Bansal, Co-Founder, BlackSoil

 

>> The concept of sustainability has kicked-in e-commerce

 

>> India is more about more products, lower pricing

 

- Ankur Bansal, Co-Founder, BlackSoil

 

11:48 AM

BFSI Summit LIVE - PE CEOs | We back biz ideas we like, irrespective of global factors, says Vishal Tulsyan

>> Industry not guided by what happens in next 6-12 months

 

>> We back the business idea we like, irrespective of the global factors

 

>> We gave on manfacturing in the last 15 years; Time for India to come with exciting ideas

 

>> Happy to see entrepreneurs giving focus on quality

 

- Vishal Tulsyan, MD & CEO, Motilal Oswal Alternates

 

11:42 AM

BFSI Summit LIVE - PE CEOs | PE-VC still an evolving industry unlike banks, Renuka Ramnath

>> AIFs regulations very useful for the industry

 

>> PE-VC still an evolving industry unlike banks

 

>> Regulators more focussed on protecting investors, and hence may be coming in way of the investors need

 

- Renuka Ramnath, Founder, MD & CEO, Multiples Alternate Asset

11:40 AM

BFSI Summit LIVE | India yet to start seeing startup downturns, says Ankur Bansal

>> We have lots of SIP capital, so companies are planning for IPOs to give exits to investors. 
>> IPOs are a good way of giving value to strategic investors. 
>> Before we see new unicorns, there could be downturns of existing players, in line with the US.

Ankur Bansal, BlackSoil, Co-Founder. 

11:38 AM

BFSI Summit LIVE - PE CEOs | Time for Unicorns to come back in focus, Ankur Bansal

>> People more focussed on down-runs; not the time to talk about Unicorns

 

>> Globally there have been down-runs, India yet to see down-runs

>> Overall economy is doing well, but star-up economy is struggling 

 

- Ankur Bansal, Co-Founder, BlackSoil (spec)

 

11:33 AM

BFSI Summit LIVE | PE, VC investing may see some short-term impact of global worries

>> But the long-term trends are intact, says Vishal Tulsyan, MD & CEO, Motilal Oswal Alternates. 

>> Geopolitical worries will not have a bearing on the Indian PE, VC space in the long-run, Tulsyan says. 

11:20 AM

KPIT Tech hits record high, surges 11% after on raising FY24 growth outlook

KPIT increased FY24 CC growth outlook to 37%+ from 27%-30% earlier and EBITDA outlook increased to 20%+ from 19%-20% earlier. READ MORE