Mumbai, Jan 20 (PTI) BSE benchmark Sensex spiralled lower for the third consecutive session on Thursday to finish below the 60,000-level, weighed by hectic selling in IT, energy and finance stocks amid a sell-off in European equities. A depreciating rupee and continued selling by foreign investors also affected the market sentiment, traders said. The 30-share [...]
New Delhi, Jan 20 (PTI) Asian Paints Ltd on Thursday reported an 18.5 per cent decline in consolidated net profit to Rs 1,031.29 crore for the third quarter ended December 2021 as inflationary trends in raw material prices continued to impact the company's gross margins across businesses. The company had posted a net profit of Rs [...]
New Delhi, Jan 20 (PTI) Shares of CEAT Ltd witnessed heavy selling pressure in early trade on Thursday after the tyre major reported a consolidated net loss of Rs 20 crore for the December 2021 quarter. The stock slumped to a 52-week low of Rs 1,051.30 on the BSE, registering a fall of 7.24 per [...]
New Delhi, Jan 20 (PTI) Shares of PTC India Financial Services slumped over 19 per cent in early trade on Thursday after all three independent directors on the company’s board resigned over corporate governance issues and other matters. On the BSE, the shares tanked 19.49 per cent to a low of Rs 20.65 in early [...]
Mumbai, Jan 20 (PTI) Equity benchmark Sensex dropped over 160 points in opening trade on Thursday, tracking losses in index-majors Infosys, HCL Tech and Reliance Industries amid persistent foreign fund outflows and a mixed trend in Asian peers. The BSE gauge was trading 164.47 points or 0.27 per cent lower at 59,934.35 in early trade. [...]
In an unusual development, all three independent directors on the board of PTC India Financial Services (PFS) on Wednesday resigned over corporate governance issues and other matters. The three independent directors who have resigned from the board with immediate effect are Kamlesh Shivji Vikamsey, Santosh B Nayar and Thomas Mathew T, according to a regulatory [...]
New Delhi, Jan 19 (PTI) Citi Bank on Wednesday offloaded shares of Vedanta Ltd worth over Rs 1,200 crore, through an open market transaction. According to bulk deal data on the BSE, over 3.2 crore shares were sold at an average price of Rs 314.65 apiece. This took the total deal value to Rs 1,204.48 [...]
New Delhi, Jan 19 (PTI) Tata Investment Corporation Ltd on Wednesday reported a 42.86 per cent jump in consolidated profit after tax to Rs 39.73 crore in the third quarter ended December 31, 2021. The company had posted a consolidated profit after tax of Rs 27.81 crore in the corresponding quarter of the previous financial [...]
New Delhi, Jan 19 (PTI) Bajaj Auto on Wednesday reported 17 per cent decline in consolidated profit after tax (PAT) at Rs 1,430 crore for the third quarter ended December 31, 2021 on account of lower sales. The company had posted a consolidated PAT of Rs 1,716 crore in October-December period of 2020-21. Total revenue [...]
New Delhi, Jan 19 (PTI) The initial public offer of payment solutions provider AGS Transact Technologies received 88 per cent subscription on the first day on Wednesday. The IPO received bids for 2,51,98,420 shares against 2,86,74,696 shares on offer, according to data available with the BSE. The Retail Individual Investors (RIIs) category received 1.32 times [...]
