Sensex, Nifty snap 2-day winning run as IT stocks dip post weak Q2 of TCS

Closing Bell on Thursday, October 12, 2023:Infosys and Tech M were the worst hit on the 50-share index, dropping nearly 3 per cent each, followed by Apollo Hospitals, TCS, HCL Tech, LTIMindtree, Wipro

3:14 PM

Germany offers Israel military help and promises to crack down at home

Germany is offering military help to Israel and promising to crack down on support for the militant Hamas group at home following the group's attack on Israel. Chancellor Olaf Scholz on Thursday underlined Germany's historical responsibility for Israel's security. READ MORE

3:03 PM

ALERT:: Marksans Pharma credit ratings retained; stock up nearly 2%

Marksans Pharma in an exchange filing said, that Care Ratings had reaffirmed its credit ratings on its long-term and short-term facilities to 'CARE A+; Stable' and 'CARE A1+', respectively.

2:53 PM

European Market Check:: FTSE, CAC, DAX gain up to 1%

Source: Investing.com

2:46 PM

ALERT:: HDFC AMC Q2 net rises 20%; stock marginally up

HDFC AMC today reported a 19.9 per cent growth in Q2FY24 consolidated net profit at Rs 437 crore when compared with Rs 364.53 crore in the corresponding quarter a year ago. Total income was up 18 per cent YoY at Rs 765.35 crore from Rs 648.93 crore.

2:38 PM

Inclination towards small-cap must be seen with risks linked: Sebi WTM

The Sebi whole-time member also asked the MF industry to keep robust checks on its commissions for distributors to avoid a perverse incentive system or malpractices and missellings. READ MORE

2:28 PM

ALERT:: Morarjee Textiles chairman resigns; stock down over 1%

Morarjee Textiles in an exchange filing said, Urvi A Piramal, has submitted her resignation as a Chairperson of the Board and Non-executive Non-Independent Director of the Company with immediate effect on October 11, 2023.

2:18 PM

Laxmi Organic dips 5% after raising Rs 259 crore via QIP issue

The fund raising committee, at its meeting held on October 10, 2023, approved the allotment of 9.63 million equity shares of face value of Rs 2 at an issue price of Rs 269.20 per share. READ MORE

2:04 PM

India Ratings downgrades Vedanta's long term rating to 'AA-'; stock marginally down

Ind-Ra consistently takes a consolidated perspective of VDL and its subsidiaries, collectively referred to as the VDL group, owing to their intertwined strategic, operational, and financial ties. READ MORE

1:54 PM

ALERT:: DCW new parts from OEM fails to restore 100% production; stock down 1%

DCW in an exchange filing that the new parts for the compressor from the Original Equipment Manufacturer (OEM) have failed to restore the production back to 100%. As per our earlier intimation, the company continues to operate at 75% capacity with the repaired parts. We await the site inspec tion by OEM and future course of action based on their findings. 

1:42 PM

Ind-Ra downgrades Sterling and Wilson Renewable Energy in 'default' grade; stock slips 3%

Ind-Ra highlighted concerns that the company's operating cash flows would not be adequate to address its upcoming debt obligations in October 2023. READ MORE

1:31 PM

IMF projects inflation, growth risks if Israel-Hamas conflict widens

The International Monetary Fund’s No. 2 official says that the war between Israel and Hamas could spur inflation and hamper global growth if it turns into a wider conflict that causes a significant increase in oil prices. READ

1:19 PM

Caution investors: Excess supply of properties could erode returns

The COVID pandemic sparked the desire among people to upgrade their homes both in terms of size and facilities. READ

1:08 PM

Technologies like AI, quantum computing may alter global order: RBI Dy Guv

Deputy Governor T Rabi Sankar said that the objective of RBI is to guide innovation to maximise the financial well-being of people and the efficiency of financial systems. READ

12:54 PM

Forbes India Richest List 2023: Mukesh Ambani reclaims top spot; full list

According to the Forbes India Rich List 2023, Savitri Jindal is the wealthiest Indian woman. READ

12:40 PM

US inflation likely rose modestly as Fed officials signal no rate hike on cards

Inflation in the United States likely eased again last month, though the decline might have slowed since summer, a reminder that the outsize price pressures of the past two years will take more time to cool. READ