Friday, Nov 30


Chambal Fertilisers gains 4% as co commenced production at Rajasthan plant


Chambal Fertilisers has been setting up of new Urea plant for production of 1.34 Million MT of Urea per annum at the existing site at Gadepan, Kota, Rajasthan.


Inox Leisure jumps 4% after increase in promoter shareholding beyond 50%


The company will allot shares to Gujarat Fluorochemicals at the issue price of Rs 250 per share, aggregating to Rs 160 crore.

IDFC Bank to seek shareholders#39; nod next month for name change


The bank#39;s board on January 13, 2018 had approved a composite scheme of amalgamation of Capital First, Capital First Home Finance and Capital First Securities (collectively referred as amalgamating companies) with IDFC Bank (amalgamated…

Asia#39;s Iran oil imports plunge to five-year low in October


China, India, Japan and South Korea last month imported about 762,000 barrels per day (bpd) from Iran, according to the data, down 56.4 percent from a year earlier.

Congress is Gandhi-Nehru family#39;s private limited company: Amit Shah


“The Congress is not a democratic party. It is a private limited firm of the Gandhi-Nehru family,” he said addressing an election rally in Kotputli in Jaipur district.

Opinion | India consolidates its position in outsourcing business


In order to ensure that US immigration rules do not blunt the growth of this industry, it has already begun seeking new markets in Continental Europe, Japan, China and Africa.

Suresh Prabhu met several sovereign wealth funds to attract investments


"In the last two days, the minister separately met global pension funds, sovereign wealth funds and other large funds from Australia, Canada, Singapore, Korea, Japan, Norway and the European Union and the US. All are looking at India for…

NPAs are results of previous Congress-led govt#39;s misdeeds: Amit Shah


"The loans given through corrupt practices during the Congress government have turned into NPA. These are not loans given by the Narendra Modi government. These are the results of the misdeeds of the Congress government," he said,…

Centre, states apportion Rs 33,000 cr IGST in November


The apportionment would add to the goods and services tax (GST) revenue of both the centre and states for November. The total revenue collection figures for the month would be released on Saturday.

Lupin rises 2% after launch of skin infection treatment cream in US


Lupin#39;s drug is the generic equivalent of Taro Pharmaceuticals#39; Nystatin and Triamcinolone Acetonide Cream.

JLR to lay off staff temporarily at UK plant to adjust vehicle production


The company further said it will undertake a two-week production pause at the plant in December and has asked 500 workers to stay at home although they would continue to draw salaries during the period.

India should better itself in #39;ease of doing agriculture#39;: Deve Gowda


Gowda cited the farm loan waiver scheme announced by the Congress-JD(S) coalition government in Karnataka headed by his son Chief Minister H D Kumaraswamy as an example for #39;ease of doing agriculture.#39;

D-Street Buzz: Infra stocks drag with Reliance Infra down 5%; Tata Motors shed 3%, YES Bank most active

The breadth of the market favoured the declines with 829 stocks advancing and 852 declining while 379 remained unchanged. On the BSE, 1178 stocks advanced, 1315 declined and 150 remained unchanged.

#39;Metal stocks due for short covering; JSW Tata Steel good long-term bets#39;

On the upside it can go till 11,000 where it may find some supply pressure, Arpan Shah of Monarch Networth Capital said.

IOB plans to raise up to Rs 300 cr bonds

"The board of directors of the bank, have by circular resolution... approved the raising of tier II capital by issue of tier II Basel III compliant bonds for an issue size of Rs 200 crore with green shoe option of additional Rs 100 crore…

GEECL to invest $2 bn to exploit shale gas reserves

GEECL#39;s coal-bed methane (CBM) block may hold as much as 6.63 Trillion cubic feet (Tcf) of shale resources, of which about 1.7 Tcf can be recovered, he said.

Nifty on track to report 10-12% earnings growth for FY19: Kotak AMC


Commodity cost pressure has also abated since then and this bodes well for the future trajectory of growth, said Shibani Kurian of Kotak Mahindra Asset Management

SoftBank sets indicative IPO price at Y1,500, unchanged from initial estimate


The IPO is aimed at providing the group with funds to pay down debt and place big bets on innovations that chief Executive Masayoshi Son predicts will drive future tech trends.

Allahabad Bank gains 2% ahead of board meeting to consider fund raising


Allahabad bank will raise funds through preferential allotment of new equity shares to the Government of India against their capital infusion of Rs 3,054 crore.

Minister Bavaliya files nomination for Jasdan bypoll: Gujarat


After filing his nomination papers, Bavaliya expressed confidence that he would win the poll with a big margin.

EC orders repoll in Ajasora polling station: Mizoram


The repoll will be conducted on December four, Deputy Chief Electoral Officer H Lianzela said.

Allow GST on ATF, uniformity in input tax credit: Aviation ministry to Fin Min

The government is in talks with the oil marketing companies (OMCs) to pass on the benefits of falling crude oil prices to the airline companies

Brent oil edges up on expected OPEC cuts; US crude weaker amid swelling supply

To rein in the glut, OPEC and its main partner Russia are moving closer to an agreement around further production cuts.

Angry farmers march on parliament to denounce their plight


Low food prices, export curbs, anti-inflation policies that keep rural incomes low and a broad shift from subsidies to investment spending have all infuriated and demoralised farmers.

Morgan Stanley overweight on SBI, sees 22% upside


Morgan Stanley expects SBI#39;s margin to improve further as non-performing loans reduced.

Rupee expected to maintain 69/$ level; political, global events eyed


Experts believe that 69 per US dollar level could be maintained, while a fall below 71-72 per US dollar is unlikely on the currency

Shiv Sena MLA Vijay Auti elected Maharashtra Assembly Deputy Speaker

Fadnavis described Auti as a leader rooted to the ground who enjoys unstinted support from his constituents in Parner Assembly seat in Ahmednagar district.


Gold prices to trade sideways today: Angel Commodities

According to Angel Commodities, on Thursday, spot gold prices rose 0.21 percent to close at $1223.6 per ounce as the dollar steadied ahead of the meeting of U.S. President Donald Trump and China’s President Xi Jin Ping at G20 summit in…

Phasing out coal power would benefit Indian consumers, taxpayers: Study

If coal plants are closed in line with the Paris Agreement the industry could lose $92 billion in South Korea, $76 billion in India and $51 billion in South Africa.

Reliance Communications surges 15% as SC clears spectrum sale to Jio

Department of Telecommunications (DoT) to issue NOC for spectrum sale in 1 week after receiving the corporate guarantee.