NEW DELHI: Shares of Aurobindo Pharma (up 5.22 per cent), Dr. Reddy's Laboratories (up 2.17 per cent), Sun Pharmaceutical Industries (up 2.06 per cent), Lupin (up 1.50 per cent) and Divi's Laboratories (up 1.05 per cent) were trading up, helping the Nifty Pharma index snapping the 6-day losing run.However, Natco Pharma (down 11.93 per cent) cracked nearly 12 per cent, extending the losses for the fourth consecutive sessions. GlaxoSmithKline Pharmaceuticals (down 1.05 per cent) and Piramal Enterprises (down 1 per cent) too were in red.The Nifty Pharma index was trading 1.58 per cent up at 8,904 around 09:35 am (IST), while all other sectoral indices were in red.Pharma stocks rallied in Thursday's early trade on account of value buying by investors.Benchmark indices opened in the negative zone, tracking weak global cues.Selling emerged in auto, FMCG, bank and metal stocks.Benchmark Nifty50 index was 52 points down at 9,856, while the 30-share Sensex was 149 points lower at 31,649 around 9.35 am (IST).In the Nifty50 pack, 12 stocks were trading in green, while 38 stocks were in red.On BSE, 457 stocks were advancing whereas 942 stocks were lagging.cent index IST Laboratories Nifty Pharma pharmaceutical red stocks trading
Proliferation in smartphones and deeper penetration of Internet have encouraged people in rural and semi urban India to jump onto the unsecured personal loan bandwagon, and they are using the services of online marketplaces to access the lending products of banks that were not available to them earlier.Online marketplace Paisabazaar disburses Rs 220 crore of unse cured personal loans per month, spread across 90 locations over tier-1 to 5 cities.deeper encouraged internet loan marketplace online penetration personal Proliferation smartphones
If we take a slightly different view of the market and focus on MSCI India that represents 85% of the market cap in the country , then from Nov 8, 2016 till now, there is no gap between MSCI India and MSCI Emerging Markets. So there has been no decoupling, there is no differentiation, at least in the large caps.In these stocks it is not anticipation of growth recovery that is driving a re-rating or stock prices, it is a pure and simple emerging market rally.This is driven by a weaker dollar and therefore, the risks to this is something external.capex earnings emerging market external growth India market MSCI RBI utilisation
The issue price was fixed at the higher end of price band of Rs 805-815 per share.The funds raised through fresh issue would be used for repayment and pre-payment of a portion of certain outstanding indebtedness availed by company; funding working capital requirements; and general corporate purposes.The company provides private security and facility management services across India and Australia. In addition to the core security services segment, which accounts for 87% of revenue, the company has also forayed into other segments of cash logistics and facility management.facility fixed higher issue management Revenue security segment services The
In what seems to be more trouble brewing for real estate developer HDIL, state-run lender Bank of India has recalled a Rs 306-crore loan given to HDIL subsidiary Privilege Power and Infrastructure. The real estate developer is fighting a similar case with Central Bank of India , where the lender had taken symbolic possession of its Kurla property after it had failed to pay Rs 144 crore.According to the company, it will soon clear its dues it owes to Central Bank of India.bank Bank India developer HDIL loan received Rs crore served time Wadhawan
The debt to equity switch we are expecting for three to four years may actually start to happen now and that will push more money into equities. The visibility in the economy is now a lot lower than it was three months back; so you have no idea how the government's fiscal situation is going to change, no idea of inflation trajectory or how bad the inflation rebound is going to be as one after another vegetable prices are starting to move up.correction economy equities global idea India market meaningful months tax
TOKYO: Japanese stocks were flat in choppy trade on Thursday morning as geopolitical concerns over North Korea 's threats of missile strikes receded.Financial stocks underperformed after US Treasury yields fell as bond prices rose in a flight to safety by nervous investors.Trade was subdued before a three-day weekend starting on Friday. But US Secretary of State Rex Tillerson said he did not believe there was an imminent threat.Excessive geopolitical fears surrounding North Korea seemed to have receded, traders say, but activity is expected to stay subdued with Japanese markets closed on Friday.cent fell flat Japanese North Korea The trade Wednesday yen yields
A giant inflatable chicken parodying Donald Trump has been installed in front of the White House. The US President didn't get to meet his temporary neighbour as he's on a 17-day working vacation at his golf resort in New Jersey.chicken Donald front giant House inflatable parodying President Trump White
NEW DELHI: Shares of auto major Tata Motors plummeted over 4 per cent in early trade and fresh 52-week low of Rs 396 despite the company reported 41.54 per cent rise in net profit to Rs 3,199.93 crore for the June quarter of the current fiscal, benefiting from one-time gain relating to changes made to JLR pension plans.It had posted a consolidated net profit of Rs 2,260.4 crore in the same period last year.Tata Motors DVR was trading 6.54 per cent down at Rs 226.50. However, the brokerage firm maintained buy on the auto major.auto cent consolidated crore JLR major net profit Rs Tata Motors
It had posted profit of Rs 2,551 crore in the same quarter of last fiscal year.“Consolidated profit for the quarter was lower by Rs 793 crore due to translation impact from British pound to rupee,” the company said in its filing.Consolidated revenues for the quarter declined 10% to Rs 58,651 crore, as its operating performance was hit by lower wholesale volume sales of JLR, excluding sales from the group’s China joint venture, and a slowdown in its heavy vehicle business, among other factors.“Consolidated EBIDTA (earnings before interest, taxation, depreciation and amortization) margin declined by 550 bps QoQ and 540bps YoY to 8.5%, impacted by poor performance at JLR’s EBIDTA margin was down 665bps QoQ and 441 bps YoY to 7.9%. JLR’s financial performance was impacted by lower volume, geographical mix, higher incentives, higher marketing expenses and additional cost related to new launches,” analyst at Karvy Stock Broking said in result review, reiterate ‘buy’ rating on the stock.Management expects margin to improve ahead, on lower hedging losses.consolidated crore JLR lower margin performance profit quarter Rs sales
Meanwhile, BHEL, GAIL, Petronet LNG, Bharat Forge, IOB, Adani Power, Union Bank Coffee Day Enterprises, GSPL and Gujarat Gas are among 340 companies scheduled to report their June quarter earnings later today.
Meanwhile, Trump has upped his verbal tone suggesting ‘fire and fury’ if North Korean threats against US continue.companies Exchange index levels market Nifty Sebi session stock trading
North Carolina Democratic Gov.
The rise of online payments through non-bank services, exemplified by Alipay and WeChat Pay – which falls under the Tenpay umbrella – in China, has caused another banking giant, Goldman Sachs, to stand up and take notice too. Furthermore, payments made via third-party payment companies comprised 40 per cent of all retail sales, a figure that is still growing.accounts Alipay bank cent China non online payment Tenpay third party