stocks News

Sensex zooms by 500 points: Banking, Utilities and Oil stocks gain

Sensex zooms by 500 points:  Banking, Utilities and Oil stocks gain

Mumbai: Financial, Banking, Oil and Gas, and Utility stocks on Monday opened on a high in Indian equity markets.The Sensex at the time of updating this story was trading up by 500 points. This owing to positive cues across Asian markets.On the Sensex, stocks of ONGC reported the highest gain - up by...

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Covid Blues? Samsung may report 20 percent qoq jump

Covid Blues? Samsung may report 20 percent qoq jump

Seoul: Technology major Samsung may show tough resiliency during pandemic times. The technology major is likely to show a bump in sales for the third quarter.Analysts are hoping that Samsung logs in $54.5 billion in sales during the quarter of July-August-September (JAS). If it does, it would be a 3...

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Happiest Minds: IPO of Digital and Agile player commences, Should you invest?

Happiest Minds: IPO of Digital and Agile player commences, Should you invest?

Mumbai: The IPO of Technology and services provider Happiest Minds has been announced and subscription commences from Monday, September 7, 2020. The bids close on Wednesday, September 9, 2020.The issue involves a total of 4.2 crore shares of the face value of Rs 2 each that will fetch Rs 702 crores ...

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Yes Bank sells asset management, mutual fund businesses to Khemka's White Oak

Yes Bank sells asset management, mutual fund businesses to Khemka's White Oak

Mumbai: Troubled lender Yes Bank on Friday executed a definitive agreement for the sale of 100 per cent equity shareholding of Yes Asset Management and Yes Trustee to GPL Finance and Investments which is 99 per cent owned by White Oak Investment Management.The ultimate beneficial holder of the purch...

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Bharti Infratel, ZEE to be excluded from Nifty50

Bharti Infratel, ZEE to be excluded from Nifty50

Mumbai: Bellwether stock index Nifty50 will remove Bharti Infratel and Zee Entertainment Enterprises from the stocks that comprise its weightage, NSE Indices said on Thursday.The Index Maintenance Sub-Committee (IMSC) of NSE Indices decided to make the changes, based on the semi-annual review of ind...

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ICICI Bank raises stake in India International Exchange to 9.9 pc

ICICI Bank raises stake in India International Exchange to 9.9 pc

Mumbai: Private sector lender ICICI Bank on Friday announced the acquisition of a further stake in India International Exchange (India INX) located at GIFT City in Gandhinagar.The lender acquired 4.46 crore shares at Re 1 per share for a total consideration of Rs 4.46 crore. Post the acquisition, IC...

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China's fresh data stokes worry in asian and global indices

China's fresh data stokes worry in asian and global indices

Stock indices across the world cracked over worries related to China's latest data.Markets anxious to spot covid-recovery across major economies were hard-pressed to find motivation in factory and consumer spending data released on Friday.Beijing's reported factory output grew 4.8% from a year for J...

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Zydus Cadilla announces Remdac, the cheapest variant of Remdesivir

Zydus Cadilla announces Remdac, the cheapest variant of Remdesivir

Ahmedabad: Zydus Cadilla, the city based pharmaceutical major, has introduced India's cheapest version of Remdesivir.In a drug filing notification, Zydus admitted that its new drug Remdac would be priced at Rs 2,800 ($37.44) per 100 miligram vial.For those unaware, Remdesivir is referred to as a won...

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Global cues, profit bookings debt equity market

Global cues, profit bookings debt equity market

Mumbai: The Indian equity market closed marginally lower on Wednesday after six consecutive sessions of gains.Analysts opined that profit booking, along with negative global cues, depressed the market.Sector-wise, the top gainers included BSE Auto, Power and IT indices, whereas BSE Healthcare, CD, M...

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Covid-19 pushes down growth of Indian Pharma market to 0.2%

Covid-19 pushes down growth of Indian Pharma market to 0.2%

New Delhi The Covid-19 pandemic is having a mixed bag for the Indian Pharmaceutical Market (IPM) that registered a muted growth in July on the back of a sharper decline in volumes and higher offtake of trade generic medicines.The IPM grew by 0.2 per cent YoY in July (higher 2.4 per cent growth in Ju...

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