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HUL shares closed at Rs 2260.45, up 5 per cent on the BSE after hitting a new a record high during the day’s trading.

HUL spurts 5 per cent, nears Rs 5 lakh cr M-cap

The BSE FMCG Index gained 1.90 per cent and topped the sectoral gainers list, helped by HUL's massive one-day move.

13 Feb 2020 6:27 AM

The impact of coronavirus is still uncertain, but Japanese brokerage Nomura expects China’s GDP growth to slow from 6 per cent year-on-year in the fourth quarter of 2019 to 3.8 per cent in the first quarter of 2020 (previously 5.8 per cent), before rebounding to 6.4 per cent in the second quarter.

Coronavirus to slow China GDP growth to 3.8 per cent in Q1

According to Nomura, the first quarter growth rate in China may dip to 3.8 per cent before a bounce back in Q2 on pent-up demand.

08 Feb 2020 1:57 AM

Market intelligence, innovation, self-disruption, localisation were the other major trends in India’s food retail sector, according to food retail industry leaders assembled at India Food Forum 2020.

India warming up to snackification, says global study

The Indian food consumption market — including food retail and foodservice sectors — is valued at $900 billion.

07 Feb 2020 2:11 AM

The RBI would later announce the qualifying criteria for this policy.

Financial sector stocks rally

The PSBs also gained with Nifty PSU Bank Index closing up by 2.83 per cent.

07 Feb 2020 2:02 AM

Finance Minister Nirmala Sitharaman (Photo: ANI)

Dividend will be taxed in hands of investors: FM

The removal of DDT will lead to estimated annual revenue forgone of Rs 25,000 crore.

02 Feb 2020 5:50 AM

The new personal income tax rates will entail estimated revenue forgone of Rs 40,000 crore per year.

New tax regime gives with one hand, takes away with the other

Analysts claim there won’t any great savings under new tax regime.

02 Feb 2020 5:39 AM

But divestment department is confident with strategic sales of BPCL, Concor, Shipping Corporation of India, Air India, IDBI and LIC IPO coming.

Stiff divestment target of Rs 2.10 lakh crore to finance govt

The government has not been able to achieve the target this year so far with just Rs 18,095 crore collected so far and only 60 more days to go.

02 Feb 2020 3:29 AM

There is consensus among analysts about likely fiscal slippage and widening of fiscal deficit.

Personal income tax reduction tops budget wish list

Any disappointment on market expectations is likely to trigger profit taking in the equity market, which has been trading at higher levels.

31 Jan 2020 1:40 AM

Despite reporting nearly Rs 570-crore loss for the December quarter, Dr Reddy's Laboratories’ (DRL) has shown an im-provement in third quarter (Q3) performance across geographies. Brokerages are now bullish on the second largest pharma stock by market capitalisation.

Brokerages bullish on DRL

The net profit grew 30.62 per cent YoY to Rs 521.70 crore from Rs 399.40 crore the same quarter last year.

30 Jan 2020 1:36 AM

The Sensex fell 458 points, or 1.10 per cent, to close at 41,155 while the Nifty-50 fell 1.06 per cent, or 129.25 points, to 12,119, led by a fall in globally exposed metal stocks, financials and Tata Motors. (Photo: File)

Stocks suffer virus contagion

Crude oil price also fell in the international market with Brent crude futures trading at $58.12 per barrel around 19:30 pm IST.

28 Jan 2020 1:55 AM

Ownership change has started reflecting in performance of Nippon India Mutual Fund, erstwhile Reliance Mutual Fund, as the third quarter results announced last week showed all-round improvement.

Ownership change helps Nippon India Mutual Fund

MF AUM was up at Rs 2.04 lakh crore versus Rs 2.03 lakh crore as of September 30, 2019, up 0.8 per cent.

28 Jan 2020 1:53 AM

Owing to STT and CTT, the market depth in India is the lowest amongst global peers and is a deterrent to price discovery, said a presentation sent by the Assocaiton of National Exchanges Members of India (ANMI) and the Commodity Participants Association of India (CPAI) to the finance ministry.

Market participants seek lower STT, CTT

The trading volumes of copper, the flagship industrial metal, in China is 32 times India’s and in London, 63 times India’s, the CPAI said.

27 Jan 2020 1:15 AM

ITI, India's first PSU and erstwhile Indian Telephone Industries, is on a turnaround path from a telecom equipment manufacturer to a telecom technology company.

On turnaround path, ITI plans Rs 1,600 crore FPO

Besides offering the telecom solutions, ITI is also executing turnkey projects for installation and commissioning of telecom networks.

21 Jan 2020 1:23 AM

The Sensex touched a high of 42,273 points before profit booking set in after Kotak Mahindra Bank’s third quarter results missed the Street’s profit and revenue estimates.

Weak earnings pull down stocks

Over the weekend, index heavyweights like, RIL, HDFC Bank and TCS posted their quarterly numbers, which seem to have disappointed the street.

21 Jan 2020 1:11 AM

Foreign portfolio investors have maintained a positive view on the Indian equity market so far in 2020, with net investments worth Rs 10,200 crore in January so far.

FPIs put in over Rs10,000 crore in January

NSDL data shows FPIs invested Rs 10,200 crore in equity as on Jan. 18, 2020.

20 Jan 2020 1:47 AM

Hyderabad was also the city which added maximum stock at 9.9 million square feet.

Office market booming despite economic woes

Three top office markets of India touched, or were very close to, 10 mn sq. feet mark: Bangalore, NCR & Hyderabad.

18 Jan 2020 1:38 AM

Sensex and Nifty-50 gained close to 0.6 per cent with Sensex touching a record high of 41,899.63 before closing at 41,859.69 and Nifty soared to 12,337.75 and closed at 12,329.55.

Earnings cheer stocks, indices at new peak

The BSE Mid-cap Index gained 0.87 per cent and Small-cap, 0.95 per cent.

14 Jan 2020 1:31 AM

Consolidation in the broking industry continued in the third quarter, with retail investors fleeing Karvy Stock Broking to join other brokers after Sebi barred Karvy from adding new clients and restricted clients’ trade.

Karvy default a boon for discount brokers

Competitive intensity remained strong, as the quarter saw default by Karvy and launch of broking services by PayTM, says an HDFC Securities report.

13 Jan 2020 2:27 AM

As US-Iran tensions eased, Brent crude oil futures traded around $65 a barrel, a fall from $70-plus.

Nifty-50 at new high as hopes soar

The Nifty crossed the 12,300-mark and touched a new peak of 12,311.20.

11 Jan 2020 1:24 AM

The BSE Mid-cap Index down 2.31 per cent and the Small-cap, down 1.96 per cent. (Photo: File)

Panic in stock market as US-Iran tensions simmer

In the bargain, investors ‘wealth of over Rs 3 lakh crore got lost in a day.

07 Jan 2020 2:27 AM

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Shobhaa De