Indian firms' foreign investments double in March to $3 billion
Uploading Date : 18-04-2017Indian companies' foreign direct investment (FDI) in March in their overseas ventures more than doubled to $2.99 billion, according to data released by the Reserve Bank of India (RBI) on Tuesday..................
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DCB Bank falls over 5% post Q4 results
Uploading Date : 17-04-2017DCB Bank dipped 7% to Rs 168 on BSE in intra-day trade after the bank reported 24% year on year drop in net profit at Rs 53 crore for the fourth quarter ended March 2017 (Q4FY17), on higher provisioning and higher tax expense. The private sector lender had profit of Rs 70 crore in the same quarter last fiscal.............
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Apollo Tyres plans to increase market share in Europe to 3.5% from 2.5%
Uploading Date : 17-04-2017With the Hungary plant going on stream, Apollo Tyres plans to increase its market share to 3.5 per cent in the next two-three years from the current 2.5 per cent in Europe. And, it plans to start supplying to major brands, including Volkswagen and Mercedes-Benz. It also said the US would be its next stop for building brands................
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Infosys Q4 results: Stock falls over 4% on weak guidance
Uploading Date : 13-04-2017Infosys shed as much as 4.3%% to Rs 927 on BSE at intra-day Sensex, falling nearly 7% from early morning high of Rs 991 after the company reported a 2.8% fall in its Q4 net profit to Rs 3,603 crore versus Rs 3,708 crore in the sequential quarter ended December 31.........
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Nifty IT index down nearly 3% on Infosys weak guidance
Uploading Date : 13-04-2017Shares of information technology (IT) companies were under pressure with the Nifty IT index down nearly 3% after Infosys said that the revenue is expected to grow 6.5%-8.5% in constant currency terms and 6.1%-8.1% in dollar terms for the year ending March 31, 2018 (FY18)...............
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Muthoot Capital Services rebounds 25% on bonus issue plan
Uploading Date : 12-04-2017Muthoot Capital Services has moved higher by 17% to Rs 431, bouncing back 25% from intra-day’s low of Rs 344 on the National Stock Exchange (NSE), after the company said its board will meet on April 18 to consider a maiden bonus issue.......................
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Sugar shares in focus; Dhampur Sugar, Uttam Sugar up over 5%
Uploading Date : 12-04-2017Shares of sugar companies were in focus, trading higher by up to 10% in noon deals. Uttam Sugar Mills, Dhampur Sugar Mills, Rajshree Sugar, Dwarikesh Sugar, Kesar Enterprises, Triveni Engineering & Industries, KCP Sugar and Mawana Sugars were up in the range of 3% to 10% on the BSE. In comparison, the S&P BSE Sensex was down 0.15% at 29,745 points...............
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Nalco readies Rs 25,000-crore investment for expansion
Uploading Date : 11-04-2017National Aluminium Company (Nalco), a central government-owned entity, is set to join the club of million-tonne producers in the segment by 2020. It has readied about Rs 25,000 crore of investment to expand its aluminium, alumina and power capacities............
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