#TradeBrainsNews

Trade Brains News - Find Trending Stock Market News

Stay updated with what’s happening in Stock Market and stay ahead of the crowd with Trade Brains News. Download our app to read Top Stock Market News!

News Alert

Corporate Actions

Company Results

IPO News

Commodity Market

Economy

Trending News

LIC lists at 8.11% discount at Rs 872 per share on NSE

The country's largest insurer LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on the NSE. On the BSE, the shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share. LIC had fixed the issue price of its [...]

Indian wearables market grows 20.1% to 13.9 mn units in Jan-Mar: IDC

The Indian wearables market grew 20.1 per cent year-on-year to 13.9 million units in January-March 2022, according to data released by International Data Corporation on Monday. International Data Corporation (IDC) said the growth can be attributed to new launches, discounts across channels, and aggressive marketing by brands. Watches shipment jumped 173 per cent year-on-year to [...]

Canara Bank eyes 8-10% loan growth; rise in corporate credit this fiscal

State-owned Canara Bank is expecting an 8-10 per cent growth in advances as well as a healthy double-digit rise in corporate loan portfolio in the current financial year, its Managing Director and CEO L V Prabhakar said on Monday. In the fiscal ended on March 31, 2022, the lender's gross advances grew by 9.77 per [...]

DTH players seek 8% licence fee waiver to remain competitive

DTH players have approached the government to waive the 8 per cent licence fee imposed on them in line with a similar proposal for broadband services so that they remain competitive in the market, industry body DTH Association has said. The DTH body approached the Information and Broadcasting Ministry following a proposal under the consideration [...]

China’s economy takes Omicron hit as big cities reel under lockdowns

Battling the worst coronavirus outbreak since it emerged in Wuhan two years ago, China on Monday acknowledged that its economy was hit by the Omicron variant leading to lockdowns of several cities as data showed the economy shrank dramatically in April, with experts warning that the decline is yet to bottom out. China, which prides [...]

Avenue Supermarts shares rally over 10% after Q4 earnings

Shares of Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Monday rallied over 10 per cent after the company reported a 3.11 per cent increase in consolidated net profit for the fourth quarter ended March. The stock jumped 10.14 per cent to settle at Rs 3,562.90 on the BSE. During the day, [...]

Eicher Motors shares rally nearly 8% after earnings

Shares of Eicher Motors on Monday jumped nearly 8 per cent after the company reported a 16 per cent rise in its consolidated net profit after tax for the fourth quarter ended March 2022. The stock gained 7.46 per cent to settle at Rs 2,617.80 on the BSE. During the day, it rallied 7.86 per [...]

Sensex, Nifty end six-day fall as banking shares advance

Benchmark BSE Sensex rebounded by 180 points at close after a see-saw trade on Monday, ending its six-day falling streak on the back of gains in banking, financials, power and auto counters. The 30-share BSE benchmark gained 180.22 points or 0.34 per cent to settle at 52,973.84. During the day, it zoomed 634.66 points or [...]

eMudhra sets IPO price band at Rs 243-256 per share

Digital signature certificate provider eMudhra Ltd on Monday said it has fixed a price band of Rs 243-256 a share for its Rs 413-crore Initial Public Offering (IPO). The initial share-sale will open for public on May 20 and conclude on May 24, and the bidding for anchor investors will open on May 19, according [...]

kotak ad

News Alert

NEWSALERT

Tata Motors Q4 consolidated net loss at Rs 992.05 cr; total revenue from operations at Rs 7,585.34 cr: Company filing. PTI RKL ABM ABM

NEWSALERT

Plane in China skids off runway, catches fire; casualties feared: Official media. PTI KJV CPS AKJ CPS

IPO Alert

LIC lists at 8.11% discount at Rs 872 per share on NSE

The country's largest insurer LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on the NSE. On the BSE, the shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share. LIC had fixed the issue price of its [...]

eMudhra sets IPO price band at Rs 243-256 per share

Digital signature certificate provider eMudhra Ltd on Monday said it has fixed a price band of Rs 243-256 a share for its Rs 413-crore Initial Public Offering (IPO). The initial share-sale will open for public on May 20 and conclude on May 24, and the bidding for anchor investors will open on May 19, according [...]

IPO-bound Paradeep Phosphates raises Rs 450 crore from anchor investors

Fertilizer company Paradeep Phosphates on Friday said it has raised a little over Rs 450 crore from anchor investors days before the roll-out of its initial public offering. The company has decided to allocate a total of 10,72,66,532 equity shares to anchor investors at Rs 42 apiece, aggregating the transaction size to Rs 450.52 crore, according to [...]

SC denies interim relief to policyholders seeking stay on LIC IPO shares allotment

The Supreme Court Thursday refused to grant any interim relief and stay the Life Insurance Corporation (LIC) IPO share allotment on a batch of pleas filed by some policyholders. A bench of Justices DY Chandrachud, Surya Kant, and PS Narasimha said that the court should be reluctant to grant any interim relief in matters of [...]

FirstMeridian Business Services files Rs 800-cr IPO papers with Sebi

Staffing company FirstMeridian Business Services Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 800 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 50 crore and an Offer for Sale (OFS) aggregating up to Rs 750 crore by promoters [...]

Top Editor’s Pick

These 3 IPOs are opening this week; Check out the details!

The IPO season is back in the Indian Equity Market. Last week, the mega LIC IPO closed on 11th May 2022 that got subscribed 2.95 times on the final day and will be getting listed in the secondary market this week on May 17, 2022. This week, three more companies are offering public issues, namely [...]

Adani becomes the second largest cement manufacturer in India after Holcim Deal

Indian business tycoon Gautam Adani on Sunday, May 15, clinched a $10.5 billion deal to acquire a 63.19% stake in Swiss cement major Holcim Ltd's India operations, Ambuja Cements Ltd and its subsidiary ACC Ltd. This deal is India’s biggest M&A transaction in the infrastructure and materials space, the Adani Group said. With this acquisition, [...]

Market Recap: Air India New CEO, The Holcim Race, Byju Acquisitions, Twitter deal and more!

The week started off as the Indian equity benchmarks slid. The Nifty 50 hit a fresh two-month closing low on Monday, extending losses to a second straight session. Global markets were weaker amid concerns related to rising interest rates and a tightening lockdown in Shanghai that added to the worries about global economic growth. Most [...]

4 Monopoly Stocks trading over -40% discount from 52Week highs

Monopoly stocks enjoy the benefit of having no competition in their industry and hence generate more profits. If you’re able to pick a good monopoly stock in the right industry and at a lower valuation, it can generate consistent wealth for you in the long term.  During the recent market crackdown of 2022, even the [...]

Time to Accumulate: 14 High Quality Stocks Trading at 52-Week Low & Analyst Estimates!

The stock market in India has taken a severe hit in 2022. The market index Nifty50 has corrected by around 15% from its 52-week high and the majority of the Indian stocks have been hammered because of rising inflation, weak global economic outlook, and the prolonged Russia-Ukraine war. However, amid chaos, there are also opportunities.  [...]

Latest Market News

LIC lists at 8.11% discount at Rs 872 per share on NSE

The country's largest insurer LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on the NSE. On the BSE, the shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share. LIC had fixed the issue price of its [...]

Rupee slumps 14 paise to 77.69 against US dollar in early trade

The rupee depreciated 14 paise to 77.69 against the US dollar in the opening trade on Tuesday tracking persistent foreign fund outflows and elevated global crude oil prices. However, a firm trend in domestic equities capped the losses in the domestic unit, forex traders said. At the interbank foreign exchange, the rupee opened weak at [...]

Indian wearables market grows 20.1% to 13.9 mn units in Jan-Mar: IDC

The Indian wearables market grew 20.1 per cent year-on-year to 13.9 million units in January-March 2022, according to data released by International Data Corporation on Monday. International Data Corporation (IDC) said the growth can be attributed to new launches, discounts across channels, and aggressive marketing by brands. Watches shipment jumped 173 per cent year-on-year to [...]

Ajay Srinivasan quits as MD of Aditya Birla Capital

NBFC firm Aditya Birla Capital Ltd (ABCL) on Monday said Ajay Srinivasan has decided to step down as MD and CEO of the company and his departure has nothing to do with an investigation into alleged irregularities and corruption. According to reports, serious allegations of corruption and mismanagement have been levelled by a whistleblower against [...]

Elgi Equipments clocks Rs 73.1 crore consolidated PAT for Q4 in FY22

Coimbatore-based Elgi Equipments, a leading manufacturer of air compressors, on Monday reported a consolidated profit after tax (PAT) of Rs 73.1 crore for the fourth quarter of financial year 2021-22. In the same period last fiscal, the company had clocked PAT of Rs 43.4 crore. The consolidated PAT for the financial year was Rs 178.4 [...]

Adventum Student Living raises USD 5 mln

Adventum Student Living (ASL) on Monday said it has raised USD 5 million (over Rs 38 crore) from investors. ASL is an integrated destination for students pursuing overseas higher education. Within two years of its inception, ASL has introduced and unified three brands - UniAcco, UniCreds, and UniScholarz - that offer a one-stop solution for [...]

GlaxoSmithKline Pharma Q4 Results: Consolidated net loss at Rs 55 cr

GlaxoSmithKline Pharmaceuticals on Monday reported a Rs 55 crore consolidated net loss from continuing operations for the fourth quarter. The drug firm had reported a net profit of Rs 4 crore for the January-March quarter of the 2020-21 fiscal. Revenue from operations rose to Rs 810 crore for the fourth quarter compared to Rs 744 [...]

Canara Bank eyes 8-10% loan growth; rise in corporate credit this fiscal

State-owned Canara Bank is expecting an 8-10 per cent growth in advances as well as a healthy double-digit rise in corporate loan portfolio in the current financial year, its Managing Director and CEO L V Prabhakar said on Monday. In the fiscal ended on March 31, 2022, the lender's gross advances grew by 9.77 per [...]

Oman Air partners with IBS Software to fully digitalise staff travel programme

Gulf-based carrier Oman Air has partnered with IBS Software to fully digitalise its staff travel programme and simplify processes to make it easier for them to manage their personal and corporate travel. A provider of SaaS (software-as-a-service) solutions to aviation, tourism and hospitality sectors, global PE Fund-backed IBS Software caters to a host of clients [...]

DTH players seek 8% licence fee waiver to remain competitive

DTH players have approached the government to waive the 8 per cent licence fee imposed on them in line with a similar proposal for broadband services so that they remain competitive in the market, industry body DTH Association has said. The DTH body approached the Information and Broadcasting Ministry following a proposal under the consideration [...]

VIL says multiple network initiatives boosted 4G experience for customers in Delhi-NCR

Telecom operator Vodafone Idea on Monday said it has boosted the 4G experience of its customers in the national capital region, with multiple network initiatives that spurred better indoor coverage and faster speeds. The company has, till now, deployed the highly efficient 900MHz spectrum as well as 1800 MHz band on about 8,400 sites in [...]

China’s economy takes Omicron hit as big cities reel under lockdowns

Battling the worst coronavirus outbreak since it emerged in Wuhan two years ago, China on Monday acknowledged that its economy was hit by the Omicron variant leading to lockdowns of several cities as data showed the economy shrank dramatically in April, with experts warning that the decline is yet to bottom out. China, which prides [...]

Neso Brands raises $100 mn in seed fund, appoints Bjorn Bergstrom as CEO

Eyewear house Neso Brands on Monday said it has raised more than USD 100 million (around Rs 775 crore) in seed fund from several investors, including KKR, Softbank, Alpha Wave Global and Temasek. A subsidiary of Softbank-backed eyewear company Lenskart, Neso Brands will partner and invest in consumer eyewear brands around the world and grow [...]

Avenue Supermarts shares rally over 10% after Q4 earnings

Shares of Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Monday rallied over 10 per cent after the company reported a 3.11 per cent increase in consolidated net profit for the fourth quarter ended March. The stock jumped 10.14 per cent to settle at Rs 3,562.90 on the BSE. During the day, [...]

SJVN to develop hydel 490 MW Arun-4 power project worth Rs 4,900 crore in Nepal

State-owned SJVN Ltd will develop another hydro power project Arun-4 worth Rs 4,900 crore in Nepal. A Memorandum of Understanding (MoU) for the development of the 490 MW Arun-4 hydro electric project in Nepal has been signed in Lumbini, Nepal in the presence of Prime Minister Narendra Modi and Prime Minister of Nepal Sher Bahadur [...]

Eicher Motors shares rally nearly 8% after earnings

Shares of Eicher Motors on Monday jumped nearly 8 per cent after the company reported a 16 per cent rise in its consolidated net profit after tax for the fourth quarter ended March 2022. The stock gained 7.46 per cent to settle at Rs 2,617.80 on the BSE. During the day, it rallied 7.86 per [...]

Disclosure lapses: Sebi bars Urja Global, four individuals from securities mkt for 2 years

Sebi has barred Urja Global and four individuals from the securities market for various disclosure lapses and also directed the firm to obtain a practising company secretary's certificate of authenticity for corporate announcements to be made in the next three years. The directions are part of a 56-page order passed by the watchdog on Friday [...]

Paytm to file for new license, says bullish about its roadmap for general insurance

Digital payments and financial services company Paytm has said that it will seek a new general insurance license with a fresh application, aimed at gaining majority shareholding with a 74 per cent upfront equity stake. In a regulatory filing, Paytm reiterated its intention to make inroads in the general insurance sector, as it is extremely [...]

Century Plyboards Q4 Results: Consolidated net profit up 2%, revenue up 21%

Century Plyboards (India) Ltd on Monday reported a 2.08 per cent increase in its consolidated net profit to Rs 88.75 crore for the fourth quarter ended in March 2022. The company had reported a net profit of Rs 86.94 crore in the January-March quarter a year ago, Century Plyboards said in a BSE filing. Its [...]

Honasa Consumer acquires majority stake in skincare brand Dr. Sheth’s

Honasa Consumer Pvt Ltd (HCPL), the company which owns new age FMCG brands such as Mamaearth and The Derma Co, on Monday said it has acquired a majority stake in skincare brand Dr. Sheth's at a valuation of Rs 28 crore. Its product portfolio has solutions for skin concerns like pigmentation, acne, dryness, wrinkles, and [...]

Ban on wheat exports ‘anti-farmer’ move, say Punjab farmers’ unions

Farmers' unions in Punjab on Monday dubbed the Centre's decision of banning wheat exports as an "anti-farmer" move, saying that the Union government is not letting them reap the gains due to higher prices of their crops in the overseas markets. They also slammed the Centre for not announcing a bonus of Rs 500 per [...]

Sensex, Nifty end six-day fall as banking shares advance

Benchmark BSE Sensex rebounded by 180 points at close after a see-saw trade on Monday, ending its six-day falling streak on the back of gains in banking, financials, power and auto counters. The 30-share BSE benchmark gained 180.22 points or 0.34 per cent to settle at 52,973.84. During the day, it zoomed 634.66 points or [...]

These 3 IPOs are opening this week; Check out the details!

The IPO season is back in the Indian Equity Market. Last week, the mega LIC IPO closed on 11th May 2022 that got subscribed 2.95 times on the final day and will be getting listed in the secondary market this week on May 17, 2022. This week, three more companies are offering public issues, namely [...]

BEL to manufacture battery packs for Triton electric trucks

The Pune unit of Navratna Defence PSU Bharat Electronics Limited (BEL) will manufacture Li-ion battery packs for the electric trucks of US-based Triton, as part of an MoU signed between the two companies. The agreement was inked to explore manufacturing of battery cells in India for energy storage systems and electric vehicles in the heavy [...]

Drone excellence centre to be set up in UP

Omnipresent Robot Technologies has inked a pact with Gautam Buddha University and Skill Council of India to set up a drone excellence centre in Uttar Pradesh. The centre will have segments for drone pilot and operations training, drone data processing and analysis and app development, drone design and manufacturing, and drone testing and repair, according [...]

HDFC-backed proptech startup Reloy aims 3-fold jump in revenue to Rs 13 cr in FY23

HDFC-backed proptech firm Reloy is targeting a three-fold jump in its revenue to Rs 13 crore this fiscal, helped by expansion to new cities and the addition of more real estate clients. Founded by Akhil Sharaf in 2018, Reloy, erstwhile Loyalie IT Solutions, has been working closely with top builders to create the perfect home-owning [...]

IG International and BCIL ink pact for propagation of 2.5 million rootstocks for variety of fruits

Fresh fruits importer IG International on Monday announced signing of an agreement with state-run Biotech Consortium India Ltd for propagation of 2.5 million rootstocks for apples, stone fruits, kiwifruit and citrus fruits. BCIL (Biotech Consortium India Ltd) has played a key role in promoting the plant tissue culture sector in India and establishing the National [...]

Insecticides India gets patents for two novel agrochemical compounds for 20 yrs

Agro-chemicals firm Insecticides India Ltd (IIL) on Monday said that it has secured patents for two novel agrochemical compounds for a term of 20 years. The patent secured from the Government of India is for Novel Miticidal Benzyalamide and Novel Dithiolane, which will be used as foundation active ingredients for various fungicide and insecticide compositions [...]

Bharat Forge Q4 Results: Consolidated net profit surges 9.3% to Rs 232 cr

Auto components major Bharat Forge Ltd on Monday reported a 9.3 per cent increase in its consolidated net profit at Rs 231.86 crore in the fourth quarter ended March 2022, driven by higher revenue. The company had posted a consolidated net profit of Rs 212.12 crore in the same period of the preceding fiscal, Bharat [...]

GreenCell Mobility to deploy 50 electric buses in 4 districts of Maharashtra

EverSource Capital-backed shared electric mobility platform GreenCell Mobility on Monday said it plans to deploy 50 electric buses in four districts of the state in a phased manner for inter-city travel. The first such bus is set to be launched on the Ahmednagar-Pune route from June 1, the company said in a statement. These standard [...]

Tata Power Solar Systems bags NHPC’s 300 MW solar project worth Rs 1,731 crore

Tata Power Solar Systems on Monday said it has bagged 300 MW solar project worth Rs 1,731 crore from state-owned NHPC. "Tata Power Solar Systems, one of India's largest integrated solar companies and a wholly-owned subsidiary of Tata Power, bagged an order of 300 MW solar project worth Rs 1,731 crore, inclusive of tax from [...]

eMudhra sets IPO price band at Rs 243-256 per share

Digital signature certificate provider eMudhra Ltd on Monday said it has fixed a price band of Rs 243-256 a share for its Rs 413-crore Initial Public Offering (IPO). The initial share-sale will open for public on May 20 and conclude on May 24, and the bidding for anchor investors will open on May 19, according [...]

Petrol, diesel sales rebound in May as a result of pick up in economic activity

India's petrol and diesel consumption jumped in May as pick up in the economic activity as well as the start of the harvesting season aided the return of demand, a preliminary industry data showed on Monday. Petrol sales grew 14 per cent during the first half of May when compared with the same period in [...]

Sebi eases annual report dispatch rules for entities with listed non-convertible securities

Capital markets regulator Sebi has relaxed compliance rules for entities with listed non-convertible securities from dispatching physical copies of annual report to the debenture holders till December-end. The development comes after the Ministry of Corporate Affairs (MCA) on May 5, extended the relaxations related to dispatching the physical copies of financial statements for the year [...]

Share India Securities Q4 Results: PAT jumps over two-fold to Rs 76 crore

Technology-driven financial services company Share India Securities Ltd on Monday reported more than two-fold jump in its profit after tax at Rs 76.02 crore for the quarter ended March 2022. In comparison, the company had posted a PAT (Profit After Tax) of Rs 35.82 crore in the same quarter of preceding fiscal, Share India Securities [...]

CNG price hiked by Rs 2 per kg; 12th Increase in just 2 months

The price of CNG in the national capital has been hiked by Rs 2 per kg, the 12th increase in rates in just over two months. CNG in the national capital territory of Delhi now costs Rs 73.61 per kg, up from Rs 71.61 per kg, according to the information posted on the website of [...]

Aviation Turbine Fuel price hiked by 5.3%, 10th increase this year

Jet fuel prices on Monday were hiked by a steep 5.3 per cent - the tenth straight increase this year -- to an all-time high, in line with a surge in global energy prices. The price of aviation turbine fuel (ATF) -- the fuel that helps aeroplanes fly -- was hiked by Rs 6,188.25 per [...]

SBI hikes lending rate by 0.1%, EMIs to go up

The country's largest lender State Bank of India has raised its marginal cost of funds based lending rate by 10 basis points or 0.1 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers. This is the second hike in a month raising the cost by 0.2 per [...]

Top Stock Picks: Buy these stocks which can give good returns in short term

The Indian benchmark indices logged their fifth straight week of losses, the longest weekly losing streak since 2020 after Indian shares ended lower for a sixth straight session on Friday. The thirty share index fell 0.26% and settled at 52,793.62, while the NSE Nifty fell 0.16% to 15,782.15 points on Friday. Here’s a list of [...]

ACC and Ambuja Cements rally after Holcim India deal with Adani

Shares of ACC and Ambuja Cements were in huge demand on Monday after Gautam Adani's group clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for USD 10.5 billion. The stock of ACC rallied 7.79 per cent to Rs 2,288.15 on the BSE. Shares of Ambuja Cements gained 4.13 per [...]

Adani Group to acquire Holcim India assets for USD 10.5 bn

Asia's richest man Gautam Adani's group on Sunday said it has clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for USD 10.5 billion, marking the ports-to-energy conglomerate's entry into the cement sector. The Adani Group will acquire 63.1 per cent of Ambuja Cements Ltd along with related assets. Ambuja's [...]

Sensex jumps nearly 274 points in early trade; Nifty climbs to 15,873

The Sensex jumped nearly 274 points in early trade on Monday, tracking significant gains in US markets and buying in index majors Reliance Industries and HDFC. The 30-share BSE benchmark was trading 273.74 points higher at 53,067.36 in early deals. The broader NSE Nifty gained 91.1 points to 15,873.25. Among the Sensex firms, Tata Steel, [...]

Cryptos can lead to dollarisation of economy: RBI officials to par panel

Cryptocurrencies can lead to "dollarisation" of a part of the economy which would be against India’s sovereign interest, top officials of the RBI have told a parliamentary panel, according to sources. Briefing the Parliamentary Standing Committee on Finance chaired by former minister of state for finance Jayant Sinha, top officials of the RBI, including its [...]

Adani to acquire 49% stake in Quintillion Business Media

AMG Media Networks, a unit of billionaire Gautam Adani's conglomerate Adani Enterprises, will pick a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for an undisclosed sum, according to a regulatory filing. Earlier in March, Adani Enterprises announced its foray into the media business by acquiring an [...]

Analysts Bullish on this Multibagger Tata Group stock; Do you own it?

The shares of Voltas, a Tata Group company have fallen by 15.17% in the last five days. There was a major fall on Friday after it reported earnings below estimates for the quarter ended March 2022. Its share price declined 9.78% intraday to ₹ 1,045 apiece.  The air conditioning and engineering services company’s net profit [...]

Lupin, Glenmark recall drugs in US market

Homegrown drug majors Lupin, Glenmark and Dr Reddy's Laboratories are recalling different products in the US, the world's largest market for medicines, due to deviation from standard manufacturing norms. As per the latest enforcement report by the US Food and Drug Administration (USFDA), Lupin is recalling over 33 lakh bottles of Losartan Potassium tablets, in [...]

Market Recap: Air India New CEO, The Holcim Race, Byju Acquisitions, Twitter deal and more!

The week started off as the Indian equity benchmarks slid. The Nifty 50 hit a fresh two-month closing low on Monday, extending losses to a second straight session. Global markets were weaker amid concerns related to rising interest rates and a tightening lockdown in Shanghai that added to the worries about global economic growth. Most [...]

Maruti Suzuki lines up Rs 5,000 cr capex for current fiscal

Maruti Suzuki India (MSI) has lined up Rs 5,000 crore capex for various initiatives, including new product launches, for the current financial year, according to a senior company official. The country's top carmaker, which had earmarked around Rs 4,500 crore in FY22, also believes that parent Suzuki Motor Corp's investment in Gujarat would help in [...]

Majoritarianism will be extremely dangerous for the future of India: Rajan

Majoritarianism will be extremely dangerous for the future of India and it should be resisted at every step, noted economist and former RBI governor Raghuram Rajan said on Saturday. Addressing a webinar, Rajan emphasised on the need to make the government more responsive to criticism by removing some of the legislative constraints on criticism. "Our trend towards [...]

Kalpataru Q4 Results: Consolidated net Profit dips around 39% YoY

Kalpataru Power Transmission (KPTL) on Saturday reported a 39 per cent decline in consolidated net profit to Rs 115 crore in the March quarter compared to the year-ago period. The consolidated net profit of the company was Rs 187 crore in the quarter ended on March 31, 2021, a BSE filing said.   Total income [...]

Cryptocurrencies: why they’ve crashed and what it could mean for their future

If you had invested £100 (US$122) in the cryptocurrency Luna a month ago, you might have been quietly confident you’d made a sensible bet. But Luna’s value has since fallen drastically – at the time of writing, that £100 is worth around 4p (5¢). Luna was by no means the only victim in a week [...]

Global trends, earnings major drivers for stock markets this week: Analysts

Global trends, WPI inflation data for April and the ongoing quarterly earnings of corporates would be the major driving factors for the stock markets, analysts said. Investors would also keep a tab on the movement of foreign institutional investors who are on a selling spree in the domestic equity market for the past many days. [...]

Mcap of eight of top-10 firms tumbles over Rs 2.48 lakh cr; Reliance biggest drag

Eight of the 10 most valued companies suffered a combined erosion of Rs 2,48,372.97 crore in their market valuation last week in line with a weak broader market trend, with Reliance Industries taking the biggest hit. Last week, Sensex lost 2,041.96 points or 3.72 per cent. While Reliance Industries, Tata Consultancy Services, HDFC Bank, Infosys, [...]

Avenue Supermarts or D-Mart Q4 Results: Consolidated net profit up 3.11%

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported a 3.11 per cent increase in its consolidated net profit to Rs 426.75 crore for the fourth quarter ended March 2022. The company had posted a net profit of Rs 413.87 crore in the January-March quarter a year ago, Avenue Supermarts said [...]

Shipping Corporation Q4 Results: Consolidated net profit jumps 77.42%

Shipping Corporation of India (SCI) on Saturday reported a 77.42 per cent jump in its consolidated net profit to Rs 152.16 crore for the fourth quarter ended March 2022. The state-owned company had clocked a consolidated profit of Rs 85.76 crore in the same quarter of 2020-21, it said in a regulatory filing. Its total [...]

Legal backing for RoW by Dec, says telecom minister

Telecom Minister Ashwini Vaishnaw on Saturday said legal backing for Right of Way (RoW) will be in place by December, and launched the GatiShakti Sanchar portal that will centralise and speed up approvals for laying of fibre and tower installations, as the country gears up for 5G roll-out. The GatiShakti Sanchar portal will facilitate centralised [...]

Carborundum Universal Q4 Results: Standalone net profit rises 7.6%

Abrasives and industrial ceramics maker Carborundum Universal Ltd on Saturday reported a 7.60 per cent jump on its standalone net profit for the quarter ending March 31, 2022 at Rs 61.91 crore. The city-based Murugappa Group company had registered standalone net profit at Rs 57.52 crore during the corresponding quarter in the previous year. For [...]

Listed Fans raises USD 1.6 mn in funding led by Whiteboard Capital, Goodwater Capital

Listed Fans has raised USD 1.6 million (around Rs 12.39 crore) in funding led by Whiteboard Capital and Goodwater Capital. Listed Fans is a platform that allows people with social media followings to 'tokenise' their future potential thereby raising capital for their existing/next projects, in return giving their fans/followers an opportunity to invest in something [...]

India prohibits wheat exports with immediate effect

India has banned wheat exports with immediate effect as part of measures to control rising domestic prices, according to official notification. However, the export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of this notification will be allowed, the Directorate General of Foreign Trade (DGFT) said in [...]

PMI Electro to set up commercial EV manufacturing plant in Maharashtra

Electric bus maker PMI Electro on Friday announced the setting up of its largest commercial EV manufacturing plant having annual production capacity of 2,500 vehicles at Chakan in Maharashtra. The facility, for which the foundation stone was laid on Friday, would be in conformity with all green building norms and be commissioned by August 2023, [...]

Non-life insurers’ gross premium income rises 24% to Rs 21,327 cr in April

The gross premium income of non-life insurance companies grew nearly 24 per cent to Rs 21,326.58 crore in April, data from IRDAI showed on Friday. The non-life insurance companies had a gross premium business worth Rs 17,251.10 crore in April 2021. Of the total 31 non-life insurance companies, 24 general insurers registered a growth of [...]

Ashni Biyani resigns as MD of Future Consumer

Ashni Biyani, daughter of Future Group's Chairman Kishore Biyani, has resigned as the Managing Director of Future Consumer Ltd (FCL). Ashni Biyani's resignation has been accepted by the board. However, she would continue on the board and serve as the Non Executive Director of the company, a regulatory filing from FCL said. Besides, the board [...]

IPO-bound Paradeep Phosphates raises Rs 450 crore from anchor investors

Fertilizer company Paradeep Phosphates on Friday said it has raised a little over Rs 450 crore from anchor investors days before the roll-out of its initial public offering. The company has decided to allocate a total of 10,72,66,532 equity shares to anchor investors at Rs 42 apiece, aggregating the transaction size to Rs 450.52 crore, according to [...]

Reliance Infra Q4 Results: Net loss at Rs 449 crore

Reliance Infrastructure on Friday reported a loss of Rs 449.13 crore in the March 2022 quarter. The company had reported a consolidated net profit of Rs 1,611.02 crore in the corresponding quarter of FY21, a BSE filing said. The total income in the quarter under review declined to Rs 4,467.61 crore from Rs 7,860.81 crore in [...]

Reliance Power Q4 Results: Consolidated Loss at Rs 555 cr

Reliance Power on Friday reported a consolidated loss of Rs 555.18 crore for the March quarter, mainly due to higher expenses. The company had clocked a consolidated net profit of Rs 72.56 crore in the quarter ended March 31, 2021, as per a BSE filing. Total income in the quarter rose to Rs 1,878.40 crore [...]

Triveni Turbine Q4 Results: Consolidated net profit rises 42% to Rs 33 crore

Triveni Turbine on Friday posted about 42 per cent rise in its consolidated net profit at Rs 33.02 crore in the March 2022 quarter. The consolidated net profit of the company stood at Rs 23.28 crore in the corresponding quarter for FY21, a BSE filing said. The total income in the quarter under review rose [...]

Nazara Tech Q4 Results: Consolidated profit up 17% to Rs 4.9 cr

Digital gaming and sports platform Nazara Technologies on Friday posted an about 17 per cent increase in consolidated profit to Rs 4.9 crore for the quarter ended March 2022. The company had logged a profit of Rs 4.2 crore in the same period a year ago. Revenue from operations increased by about 42 per cent [...]

Jet Airways to have best possible app, website among Indian carriers: CEO

Jet Airways will have the best possible app, website and IT systems and services among all Indian carriers without losing the human touch, its CEO Sanjiv Kapoor said on Friday. "Human interaction cannot be fully replaced by technology -- it must always be there as a backup, especially when things go wrong (during irregular operations, [...]

Tech Mahindra Q4 Results: Consolidated net profit zooms 39% YoY

IT services provider Tech Mahindra on Friday reported a 39 per cent jump in its consolidated net profit for March 2022 quarter at Rs 1,678.4 crore, and exuded confidence that the positive business momentum will continue in the current fiscal. On a standalone basis, the Mahindra group company reported a post-tax profit at Rs 1,505 [...]

UCO Bank Q4 Results: Net Profit jumps over 3-fold to Rs 312 cr as bad loans fall

State-owned UCO Bank on Friday posted an over three-fold jump in net profit at Rs 312.18 crore for the quarter ended March 2022 as a fall in bad loans lowered the provisioning requirement. The lender had posted a net profit of Rs 80 crore in the corresponding quarter a year ago. Total income during the [...]

Gold price falls Rs 360 on international trends, rupee appreciation

Gold price declined Rs 360 to Rs 50,127 per 10 grams in the national capital on Friday, reflecting an overnight slump in international precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal ended at Rs 50,487 per 10 grams. Silver fell Rs 252 to Rs 58,916 per [...]

Rosmerta Group acquires Sensorise Digital Services

Transport technology services provider Rosmerta Group on Friday announced the acquisition of Sensorise Digital Services, in which it has been a strategic investor since inception. This acquisition reinforces the belief of the group in the opportunities that Machine-to-Machine (M2M) and Internet-of-Things (IoT) space are expected to provide in the years to come, Rosmerta Group said [...]

Vodafone Idea debt a challenge; fundraise critical for competitiveness, say analysts

Even as debt-ridden telecom operator Vodafone Idea's financial performance in the March 2022 quarter has been in line with the industry expectations, the long-pending fundraise is crucial for the company to remain competitive, say analysts. According to a JP Morgan report, high leverage makes the value of Vodafone Idea (VIL) equity complicated and very sensitive [...]

Retail businesses grow 23% in April: RAI

Retail businesses across India grew 23 per cent in April this year in terms of sales as compared to pre-pandemic levels of the same month in 2019 with customers coming back to stores, as per industry body RAI. According to the latest survey by Retailers Association of India (RAI), retail businesses across regions grew in [...]

DB Corp Q4 Results: Consolidated net profit down 60%, Dividend recommended

Media house DB Corp on Friday reported a 60.39 per cent decline in consolidated net profit at Rs 24.52 crore for the fourth quarter ended March 2022. The company had clocked a net profit of Rs 61.91 crore in the January-March period a year ago, DB Corp said in a regulatory filing. However, revenue from [...]

India-UAE trade pact to create huge job opportunities, boost economy: Goyal

The comprehensive trade agreement between India and the UAE will help in creating huge job opportunities and boost growth of the domestic economy, Commerce and Industry Minister Piyush Goyal said on Friday. The bilateral pact, officially dubbed as the Comprehensive Economic Partnership Agreement (CEPA) is expected to increase the bilateral trade in goods to over [...]

IREDA keen to promote renewable energy projects in Odisha

The Indian Renewable Energy Development Agency on Friday said it is keen to promote more green energy projects in Odisha and has already sanctioned loans worth Rs 670 crore within one year of opening its branch in the state. The Indian Renewable Energy Development Agency (IREDA), a public sector non-banking financial institution, has been engaged [...]

Bank of Baroda Q4 Results: Net profit at Rs 1,779 cr

State-owned Bank of Baroda on Friday reported a net profit of Rs 1,779 crore in the quarter ended March 2022. The bank had posted a net loss of Rs 1,047 crore in the same quarter of FY 2020-21. The total income during January-March period of 2021-22, was down at Rs 20,695.90 crore, as against Rs [...]

RattanIndia Power reports Rs 306 cr loss in March quarter

RattanIndia Power on Friday reported a loss of Rs 306.39 crore for the quarter ended March mainly due to lower revenues. The consolidated net profit of the company was at Rs 39.28 crore in the year-ago period, according to a BSE filing. Total income during the quarter came down to Rs 1,032.75 crore from Rs [...]

Welspun Enterprises Q4 Results: Consolidated net profit jumps over 58%

Welspun Enterprises Ltd on Friday said its consolidated net profit jumped over 58 per cent to Rs 65 crore for the quarter ended March 31, on account of reduced expenses. In the year-ago period, the company had clocked Rs 40.94-crore net profit, Welspun Enterprises Ltd (WEL) said in a statement. However, its total income during [...]

VIL records top download speed of 5.92 Gbps in Pune 5G trials

Vodafone Idea Ltd (VIL) and Ericsson on Friday announced achievement of a technology milestone during the ongoing 5G trials, by demonstrating a peak download speed of 5.92 gigabits per second. VIL clinched the new speed milestone on a single test device during its 5G trials in Pune (Maharashtra), according to a release. Earlier, during its [...]

Rupee inches 1 paisa higher to close at 77.49 against US dollar

The rupee pared its initial gains and settled just 1 paisa higher at 77.49 (provisional) against US dollar on Friday, as inflation concerns and strength of the American currency weighed on the local unit. Forex traders said the rupee consolidated in a narrow range, as the weakness in regional currencies and depressing economic data weighed [...]

DRI seizes 15.93 kg gold smuggled through India-Myanmar border

Revenue Intelligence officers have seized 15.93 kg of foreign origin gold valued at over Rs 8 crore smuggled through the India-Myanmar border, the Finance Ministry said on Friday. In an operation code-named 'Gold on the Highway', the Directorate of Revenue Intelligence (DRI) officers acted on specific intelligence mounted surveillance on two oil tankers and a [...]

Emami Q4 Results: Consolidated net profit at Rs 354 cr on hefty MAT credit

FMCG major Emami Ltd on Friday reported a multi-fold rise in consolidated net profit during the March quarter at Rs 354 crore against Rs 87.7 crore a year ago, boosted by a minimum alternate tax (MAT) credit of Rs 288 crore during the period. Revenue for the quarter under review was Rs 770 crore, a [...]

Reliance top-ranked Indian firm on Forbes Global 2000 list

Billionaire Mukesh Ambani's Reliance Industries Ltd climbed two spots to No. 53 on Forbes' latest Global 2000 list of public companies worldwide. Forbes Global 2000 ranks the largest companies in the world using four metrics: sales, profits, assets and market value, Forbes said releasing the 2022 ranking of the world's top 2,000 companies. Reliance is [...]

Swiggy to acquire Dineout

On-demand convenience platform Swiggy on Friday said it has entered into a definitive agreement with Times Internet to acquire dining out and restaurant tech platform Dineout for an undisclosed sum. Dineout, which serves diners across its network of 50,000 restaurants in 20 cities, will continue to operate as an independent app post the acquisition, Swiggy [...]

Frequently Asked Questions

1. What is Trade Brains News?

Trade Brains News offers fast and reliable business news, equity news, and stock market news for the readers. Trade Brains News is a Free stock news publication and provides daily national, international, and business news, tracks market movements, and detailed coverage of significant business events. 

2. What type of News do you get on Trade Brains News?

Trade Brains News offers a wide range of National and International business news and involves categories like Market Alerts, IPO News and Alerts, Stock & Share News, Corporate Announcements like Dividends News, Bonus Alerts etc, Indian corporate Quarterly & Annual result coverage, Commodity news, Economy news and more.

3. Why should you choose Trade Brains News?

Trade Brains News offers a one-stop solution for reading all the Indian Stock Market-related news. Whether it is daily Share Market movements, corporate announcements, New IPOs, or any other big stock market event, Trade Brains News has got all covered.

4. Where can you find Trade Brains News?

Trade Brains News is currently available on desktop and mobile versions and can be read by visiting the Trade Brains News section. 

5. Is Trade Brains News reliable?

Trade Brains offers fast and regular business news, particularly curated by the Trade Brains Editors. We offer hundreds of news daily so that the readers do not miss out on any significant market event. Trade Brains News is a reliable source for reading market news and the brand is available since 2017 with over half a million monthly readers.

6. How is Trade Brains News different from others?

Trade Brains News is expressly focused on providing Stock Market and Business News and ignoring all the irrelevant ones. By following Trade Brains News, the readers will be able to follow the stock market closely without missing any major event and by quickly accessing all the top news of the day.