Category: Companies

Essar Steel in a tight spot over 1,000 acres of unused land at Paradip

With Essar Steel turning bankrupt and its case referred to the National Company Law Tribunal (NCLT) for insolvency resolution.

To facilitate the setting up of the steel plant, the Odisha government through its agency for land acquisition- Odisha Industrial Infrastructure Development Corporation (Idco) had acquired 1,262 acres of land, of which 1,123 acres were private and around 100 acres were government-owned. The acquired land was alloted to Essar Steel with pointed riders. The company…


Boeing drops 2019 outlook after 737 MAX crisis, sees $1 bn in extra costs

Boeing announced on Wednesday that the aftermath of two fatal plane crashes, which has seen its 737 Max planes grounded around the world.

Boeing’s ongoing crisis with its 737 Max planes has already cost it $1 billion this year – and the company said it can’t predict how much worse the financial impacts of the scandal could be. Boeing announced on Wednesday that the aftermath of two fatal plane crashes, which has seen its 737 Max planes grounded…


Reliance Retail Ventures brings 7-Eleven to India after Future exit

The new pathways we build together with SEI will offer Indian customers greater convenience and choices within their own neighbourhoods.

Reliance Retail Ventures (RRVL), the country’s largest retailer with over 12,800 active stores, is all set to enter the fast-growing convenience store segment after it struck a crucial franchisee deal with American major 7-Eleven, Inc (SEI). Days after 7-Eleven’s franchise deal with Future Retail (FRL) fell through, RRVL grabbed the master franchisee for the Dallas-based…


Tata Motors surges 12% on brokerage upgrade, strong business outlook

Shares of Tata Motors rallied 12 per cent, hitting a fresh three-year high at Rs 376.4 on the BSE on Thursday on expectation of a strong business outlook.

Shares of Tata Motors rallied 12 per cent, hitting a fresh three-year high at Rs 376.4 on the BSE on Thursday on expectation of a strong business outlook. The stock was trading at its highest level since April 2018. It surpassed its previous high of Rs 360.65 touched on June 15. This came after brokerage…


Piramal board approves demerger of pharma biz, financial services

PPL’s complex hospital generics and India consumer healthcare businesses are well positioned with differentiated products and business models.

Piramal Enterprises said on Thursday that its board has approved the demerger of its pharmaceuticals business and simplification of its corporate structure to create two listed entities in financial services and pharmaceuticals. The pharma business will be vertically demerged from Piramal Enterprises and consolidated under Piramal Pharma, the company said in a regulatory filing. “In…


Qualcomm, SSW Partners to buy Veoneer in $4.5 bn deal

Chipmaker Qualcomm Inc and SSW Partners have reached an agreement to buy Swedish automotive technology group Veoneer for $4.5 billion.

Chipmaker Qualcomm Inc and SSW Partners have reached an agreement to buy Swedish automotive technology group Veoneer for $4.5 billion, Veoneer said on Monday. Veoneer’s expertise in making advanced driver assistance systems (ADAS) made it an attractive takeover target for both Qualcomm and Canada’s Magna. Qualcomm, SSW Partners to buy Veoneer in $4.5 bn deal,…


Maruti Suzuki sales decline 46% to 86,380 units in September

Maruti Suzuki sales decline 46% to 86,380 units in September, Similarly, utility vehicle sales, including Vitara Brezza, S-Cross and Ertiga.

Maruti Suzuki sales decline 46% to 86,380 units in September, The country’s largest carmaker Maruti Suzuki India (MSI) on Friday reported 46.16 per cent decline in sales at 86,380 units in September. The company had sold 1,60,442 units in September last year, MSI said in a statement. Domestic sales slipped 54.9 per cent to 68,815…


Cipla Ltd eyes acquisitions in India, US after Covid-led windfall

Cipla Ltd needs to ensure its growth after the intense demand for Covid medicines started to wane following the brutal wave in the South Asian nation

Cipla Ltd one of India’s largest drugmakers, has built up a war chest and is on the prowl for deals that can boost growth beyond the Covid-19 windfall it garnered this year. With its extensive arsenal of Covid treatments, the Mumbai-based firm’s cash and cash equivalents swelled 33% to Rs 4,900 crore ($660 million) from…


Reliance Retail extends deadline by 6 months to complete Future buyout

After Future's deal with RRVL, Amazon had dragged Future into arbitration at the Singapore International Arbitration Centre (SIAC).

Reliance Retail Ventures Limited has extended the date for completion of its deal with Future Group by another six months to March 31, 2022 owing to the protracted legal battle with Amazon. “Reliance Retail Ventures Limited (“RRVL”) extended the timeline for Long Stop Date from September 30, 2021 to March 31, 2022, which has been…


Amazon raises ‘Fresh’ capacity to 35 sites in Delhi, Gurugram, 12 other cities

Amazon India on Wednesday said it has more than doubled the processing capacity of its 'Fresh' infrastructure since last year.

Amazon India on Wednesday said it has more than doubled the processing capacity of its ‘Fresh’ infrastructure since last year, and it now has 35 dedicated sites across 14 cities in India. Amazon Fresh is the e-commerce company’s two-hour delivery service of daily essentials and groceries. The company has more than doubled processing capacity since…


Intraday Tips
Stock Name Open Price Trend Details
Reliance 1930.10 Buy  Click Here
Asian Paints 2577.00 Buy  Click Here
HDFC 2448.00 Buy  Click Here
HDFCAMC 2790.00 Buy  Click Here
TCS 3120.00 Buy  Click Here

NSE Top Gainers/Losers
COMPANY LTP %CHNG VOLUME
ITC 253.75 1.83 1,26,68,576
M&M 807.10 1.73 48,32,584
JSWSTEEL 728.65 1.55 42,75,780
TATACONSUM 776.30 1.36 21,46,724
HINDUNILVR 2,043.00 1.34 16,38,568
COMPANY LTP %CHNG VOLUME
HINDALCO 569.90 -4.98 1,67,38,310
DIVISLAB 4,431.15 -2.37 3,48,495
APOLLOHOSP 4,525.45 -1.94 8,77,622
RELIANCE 2,634.00 -1.46 33,99,115
CIPLA 1,014.65 -1.39 12,17,592