Sensex ends lower for third straight day, slips 129 pts; SBI, ITC dip 2%

CLOSING BELL ON MAY 18: The NSE Nifty 50 slipped 52 points to 18,130 as weekly expiry also weighed on the sentiment.

3:11 PM

Thermax declines 7% as investors book profit post March quarter earnings

The company said that the order book for the year stood at a consolidated level stood of Rs 8,788 crore, as compared to Rs 9,410 crore in FY22, down 7 per cent. READ MORE

3:05 PM

Adani's NDTV plans to launch 9 news channels in different languages

The board of the company, at its meeting held on Thursday, has "approved a proposal to seek the permission of the Ministry of Information & Broadcasting for the launch of nine news channels in different Indian languages in phases," NDTV said in a regulatory filing. READ MORE

2:54 PM

SBI Press Meet: Posted higher-ever quarterly profit for third quarter running, says SBI chairman

>> Gross NPA ratio at lowest level in last 10 years

 

>> Restructured book is behaving well within 

 

>> Bank remains very well capitalised

 

>> Global Economy is passing through uncertain times

Source: CNBC TV

2:48 PM

ALERT:: ITC Q4 net rises 21%; stock down over 1%

ITC today reported a 21.4 per cent growth in Q4 net profit of Rs 5,086.90 crore for the quarter ended March 2023 when compared with Rs 4,190.90 crore in the corresponding quarter a year ago. Total income was up 5.6 per cent YoY at Rs 16,398 crore.

2:38 PM

ALERT:: Arvind reports Q4 turnaround; stock up over 1%

Arvind reported a net profit of 48.81 crore for the fourth quarter ended March 2023. In comparison, the company has posted a net loss of Rs 93.31 crore in the similar year ago period. Total income was down 14.3 per cent YoY at Rs 1,720.23 crore.

2:26 PM

Tilaknagar Industries surges 14%, hits 52-week high on healthy Q4 results

Despite a reduction in gross margins, the company was able to maintain its EBITDA margin through multiple cost optimization efforts and improved productivity. READ MORE

stock brokers, Sensex, Nifty, BSE, NSE

 

2:16 PM

ALERT:: Gail India Q4 net plunges 78%; stock falls XX%

Gail India today reported a 77.5 per cent dip in Q4FY23 net profit to Rs 603.52 crore when compared with Rs 2,683.11 crore in Q4FY22. Total income, however was up 23.7 per cent YoY at Rs 33,875.39 crore.

 

2:05 PM

Oracle lays off over 3,000 employees from health IT arm Cerner: Report

Cloud major Oracle reportedly laid off more than 3,000 employees at the electronic healthcare records firm Cerner which it acquired for $28.4 billion. READ MORE

1:54 PM

ALERT:: SBI Q4 net soars 84%; stock slips into red

SBI today reported a strong 83.2 per cent surge in Q4FY23 net profit at Rs 16,694 crore as against Rs 9,114 crore in Q4FY22. Total income was up 29.4 per cent YoY at Rs 1,06,913 crore. READ MORE

1:44 PM

'It's difficult not to be positive on Indian equities'

With Nifty50 almost consolidating at around 18,000 levels, valuations have become reasonable and offer a good entry point for investors, says Madangopal Ramu, head of equity and fund manager at Sundaram Alternate Assets. READ MORE

1:34 PM

ALERT:: Zydus Life Q4 net zooms 99%; stock flat

Zydus Lifesciences Q4 standalone net profit almost doubled to Rs 490.70 crore in the quarter ended March 2023 when compared with Rs 246.90 crore in the quarter ended March 2022. Total income surged over 40 per cent YoY to Rs 2,830.50 crore. 

1:18 PM

Gold ornaments raise retail inflation in personal care segment to 9% in Apr

A 22-month high retail price inflation in gold ornaments pushed the rate of price rise in the personal care segment to nine per cent in April, from 8.25 per cent in March even as overall inflation eased to a 18-month low of 4.70 per cent in the first month of 2023-24. READ MORE

1:08 PM

Global Market Update:: Nikkei, Taiwan shine in Asia trade

Source: Yahoo Finance

12:46 PM

AU Small Finance Bank joins Rs 50,000 cr m-cap club as stock hits new high

Since April, the market price of AU SFB has rallied 30 per cent after the company reported its highest ever quarterly profit of Rs 425 crore in March quarter, up 23 per cent year-on-year (YoY). The bank's net profit was Rs 346 crore in the year-ago quarter. READ MORE

12:35 PM

Everstone in talks to sell 41% stake in India's Burger King franchisee

The Singapore-headquartered buyout firm is in talks with Jubilant Foodworks, which operates Domino's in India, as well as a consortium of PE firms Advent International and General Atlantic, the report said.

 

Everstone Capital, through its investment vehicle QSR Asia Pte Ltd, held a 40.9 per cent stake in Restaurant Brands as of March 31, according to Refinitiv data. READ MORE