Business
JK Tyre Stocks Drop by 5.5% as Q4 Profit Disappoints
JK Tyre said the cost of raw materials consumed was higher at Rs 1,436.82 crore during the fourth quarter (Q4) compared with Rs 1,420.08 crore a year ago.
Food Giant Nestle Prepares to Step into Cosmetic Wardrobe
With a reported sales of 91.4 billion Swiss francs in 2018, Nestle expects to finalise the negotiation with the investment firms in the second half of 2019.
Larsen and Toubro Acquires 1,168 Shares of Mindtree from Open Market
The mode of the acquisition was open market purchases and L&T's holding after the said purchase stood at 25.94 per cent. The latest stock purchase was made at Rs 972 apiece.
WPI Inflation Slips to 3.07% in April, Food Prices Still High
Wholesale Price Index (WPI)-based inflation was at 3.18 per cent in March. It was 3.62 per cent in April 2018.
Sensex, Nifty Open Lower on Weak Domestic, Global Cues
The BSE gauge Sensex fell 61.88 points to trade at 37,028 in early deals, while the NSE Nifty declined 18.45 points to 11,129.75.
Amid Trade Tensions Between US & China, Uber Shares Fall for Second Day After Ill-fated IPO
The stock hit a low of $37.17, valuing the company at about $12 billion less than the IPO price of $45.
After Jet Shutdown, Air India Declares Over 40% Discount on Bookings Three Hours Before Take-Off
Tickets can be booked from Air India booking counters, on the website, the mobile app, or through travel agents, the statement said.
Reliance Industries Grabs Hamleys. But Do You Know Who All Were in the Race?
Reliance Industries Ltd, through its subsidiary Reliance Brands, signed an agreement to pick up a 100% stake in the 258-year-old toy retailer from C Banner International Holdings.
Gaurang Shetty, Third Director to Quit Jet Airways in a Month
The airline informed the exchanges that whole-time director Gaurang Shetty's resignation was effective from April 23 and was due to personal reasons.
Why is Thursday Important for Cash-starved Jet Airways?
Key bidder Etihad Airways may outline its bid for Jet Airways on Thursday itself since Friday (10 May) is a holiday in UAE, where Etihad is based.
Neogen Chemicals Makes Strong Debut, Lists at Over 22% Premium
The net proceeds from the fresh issue, the company has proposed, be utilised for prepayment or repayment of loans, long-term working capital and general corporate purposes.
Carbon Tax Best Way to Cut Greenhouse Gas Emissions: IMF
The French government was forced to suspend the plan in the face of the popular Yellow Vest protest movement.
Lower Prices, Festive Demand Boost Gold Purchases in India, Singapore
Gold demand spiked in India as a fall in prices to the lowest level in more than four months boosted retail purchases.
As Sebi Orders NSE to 'Disgorge' Rs 1,000 Cr, Here's All You Need to Know About the Co-location Case
The co-location case dates back to 2015, when a whistleblower wrote a letter to Sebi alleging that NSE was giving a few high-frequency traders and brokers preferential access to its trading platform.
Supreme Court Sets Aside Centre's Decision to Merge NSEL and FTIL
A bench comprising justices R F Nariman and Vineet Saran delivered the judgement on a batch of petitions filed by 63 Moon Technologies Ltd challenging the Bombay High Court's December 2017 verdict upholding the Centre's decision to merge NSEL with FTIL.
Rupee Rises 32 Paise to 69.70 vs US Dollar in Early Trade Amid Easing Crude Prices
The rupee opened strong at 69.83 at the interbank forex market, then gained further ground to touch 69.70 per dollar, displaying gains of 32 paise against the greenback over its previous close.
