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IndusInd Bank Q1 Net Up 26% But Higher Bad Loans Weigh On Shares

The bank’s net NPAs as a percentage of total advances ticked up sequentially to 0.38% in Q1. Private sector lender IndusInd Bank kicked off the first quarter earnings season on a strong note by reporting a 26 per cent jump in its quarterly net profit. IndusInd Bank reported a net profit of Rs 661 crore in the quarter ended June ... Read More »

Sensex Ends 181 Points Higher On Buying In Banking Shares

3:432 p.m.: Sensex rose over 150 points while broader Nifty closed above its crucial psychological level of 8,500 for first time in 11 months as encouraging U.S. data and expectations of further monetary stimulus from global policymakers held out hopes for a strong global economic outlook. The Sensex ended 181 points or 0.66 per cent higher at 27,808 and Nifty ... Read More »

Oil Prices Remain Near Two-Month Lows As Investors Bet On Weaker Prices

Singapore: Oil prices remained near two-month lows from the previous trading session on Tuesday as financial traders lost confidence in a recent price rally, switching positions in anticipation of lower prices. International Brent crude oil futures were trading at $46.13 per barrel at 0027 GMT, down 12 cents from their last close and near to the $45.90 two-month lows reached ... Read More »

Hindalco Shares Hit 52-Week High On Alcoa’s Q2 Earnings

Analysts expect Hindalco to report strong numbers after Alcoa beat Q2 estimates Hindalco shares jumped over 5.5 per cent to their 52-week high of Rs. 136.20 on Tuesday, tracking strong numbers of Alcoa, which is the world’s third largest producer of aluminum. Hindalco was the top gainer in the Nifty50 index. Alcoa on Monday posted better than expected second quarter ... Read More »

Shriram EPC Surges 16% On Plan to Convert Debt Into Equity

Shriram EPC approved plan to convert working capital loan into equity shares (Representational image) Shares of Shriram EPC surged as much as 16 per cent to Rs 29.60 today after the company’s board approved the conversion of Rs 1,280 crore working capital loan into equity shares as part of corporate debt restructuring package. The board of the Chennai-based firm, which ... Read More »

Greaves Cotton Surges On Foray Into Spare Parts Business

Shares of engineering firm Greaves Cotton jumped as much as 8 per cent to hit intraday high of Rs 149 after the company announced foray into multi-brand spare parts business. Greaves Cotton is into the business of manufacturing of petrol/diesel engines, farm equipment and gensets. The company said the size of the spare part market that it wants to address ... Read More »

Sensex Snaps 4-Day Rally, Ends 106 Points Lower On Selloff In IT Stocks

Sensex snapped 4-day winning streak on Friday as blue chip Infosys fell as much 9 per cent after the software services exporter posted disappointing results and slashed revenue forecasts. Bigger rival Tata Consultancy Services also fell, even as it reported a more upbeat quarterly profit than Infosys, as investors were concerned about its outlook, given the potential impact from the ... Read More »

NSE Lists Renewable Energy Firm KKVAgro Powers On SME Segment

Mumbai: Leading stock exchange NSE on Friday listed KKVAgro Powers as the 17th company on its platform for small and medium enterprise. The Tamil Nadu-based company is also the first renewable energy sector company to list on NSE’s SME segment — EMERGE. As per a statement by the exchange, the listing signifies India’s thrust and growing interests in the green ... Read More »

Xiaomi’s Redmi Note 4 Smartphone Expected to Launch on July 27

Chinese handset maker Xiaomi has started teasing an upcoming launch event on July 27 where the company is rumoured to launch its next Redmi smartphone. The teaser invite shared on Weibo reveals that Xiaomi is inviting fans to purchase the tickets for Beijing event on July 27. Based on a recent leak, Xiaomi is rumoured to introduce its next Redmi ... Read More »

Facelifted Maruti Suzuki Alto 800 Takes on New Datsun redi-GO and Renault Kwid

Suddenly there seems to be a lot of action in the small car market. This is the highest volume segment in the Indian car bazaar, and it is still clearly ruled by the mighty Maruti Suzuki. We’re seeing yet another facelift for the bestselling Maruti Suzuki Alto 800. It looks like pressure from rivals like the Renault Kwid and new ... Read More »