Market Close Highlights, Oct 14: Sensex adds 591 pts, Nifty ends above 25,100; IT, Banks outperform
https://www.business-standard.com/markets/news/stock-market-live-updates-today-sensex-nifty-nse-bse-ril-hcl-q2-results-hyundai-ipo-124101400056_1.html
https://www.business-standard.com/markets/news/stock-market-live-updates-today-sensex-nifty-nse-bse-ril-hcl-q2-results-hyundai-ipo-124101400056_1.html
Business-Standard
Stock Market LIVE Updates: Sensex up 300 pts, at 81,650, Nifty at 25,050; Financials gain, FMCG down
Stock Market Today: Markets in India were likely to open with a slight upside on Monday, indicated GIFT Nifty futures, which were trading around 50 points ahead of Nifty futures last close: Stock market live updates
Indian conglomerates to spend $800 billion in new projects in 10 years: S&P Global Ratings’ report
https://www.thehindu.com/business/indian-conglomerates-to-spend-800-billion-in-new-projects-in-10-years-sp-global-ratings-report/article68751802.ece
https://www.thehindu.com/business/indian-conglomerates-to-spend-800-billion-in-new-projects-in-10-years-sp-global-ratings-report/article68751802.ece
The Hindu
Indian conglomerates to spend $800 billion in new projects in 10 years: S&P Global Ratings’ report
Indian business groups to invest $800 billion in growth over 10 years, focusing on new sectors like green energy and EVs.
Top Carmakers Get GST Notice Worth Rs 10,000 Crore For Non-Payment Of Compensation Cess
https://www.ndtvprofit.com/business/india-carmakers-get-gst-notices-rs-10000-crore-utility-vehicle-cess-dispute
https://www.ndtvprofit.com/business/india-carmakers-get-gst-notices-rs-10000-crore-utility-vehicle-cess-dispute
NDTV Profit
Top Carmakers Get GST Notice Worth Rs 10,000 Crore For Non-Payment Of Compensation Cess
The GST authority has issued notices to the majority of car manufacturers for alleged non-payment of cess from the financial year 2018 to 2022 on SUV sales.
RIL Q2 results: Net profit slips 5% to Rs 16,563 crore on weak fuel biz
https://www.business-standard.com/companies/results/reliance-q2fy25-profit-drops-5-on-weak-oil-to-chemical-business-124101401045_1.html
https://www.business-standard.com/companies/results/reliance-q2fy25-profit-drops-5-on-weak-oil-to-chemical-business-124101401045_1.html
Business-Standard
RIL Q2FY25 results: PAT down 4.8% at Rs 16,563 cr, misses estimates
Reliance Industries Q2 results: This is the third consecutive quarter the company has reported a decline in profits owing to weakness in its oil-to-chemicals (O2C) business. RIL's Q2 profits also missed street estimates
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PVR Inox Q2FY25 results: Multiplex firm swings into red at Rs 11.8 cr loss
https://www.business-standard.com/companies/news/pvr-inox-q2fy25-results-multiplex-firm-swings-into-red-at-rs-11-8-cr-loss-124101500686_1.html
https://www.business-standard.com/companies/news/pvr-inox-q2fy25-results-multiplex-firm-swings-into-red-at-rs-11-8-cr-loss-124101500686_1.html
Business-Standard
PVR Inox Q2FY25 results: Multiplex firm swings into red at Rs 11.8 cr loss
PVR Inox said it expects to add 110-120 screens in the year ending March 2025. So far this fiscal year, it has added 71 and closed 42 screens
Sunil Mittal joins Ambani to pitch for satellite cos buying spectrum
https://www.thehindu.com/business/Industry/sunil-mittal-joins-ambani-to-pitch-for-satellite-cos-buying-spectrum/article68755974.ece
https://www.thehindu.com/business/Industry/sunil-mittal-joins-ambani-to-pitch-for-satellite-cos-buying-spectrum/article68755974.ece
The Hindu
Sunil Mittal joins Ambani to pitch for satellite cos buying spectrum
Telecom leaders advocate for satellite companies to pay license fees and buy airwaves for fair competition.
SCO Summit 2024: S Jaishankar arrives in Pakistan; first visit in nine yrs
https://www.business-standard.com/external-affairs-defence-security/news/sco-summit-2024-s-jaishankar-arrives-in-pakistan-first-visit-in-nine-yrs-124101500775_1.html
https://www.business-standard.com/external-affairs-defence-security/news/sco-summit-2024-s-jaishankar-arrives-in-pakistan-first-visit-in-nine-yrs-124101500775_1.html
Business-Standard
SCO Summit 2024: S Jaishankar arrives in Pakistan; first visit in nine yrs
SCO Summit 2024: Islamabad is hosting the 2024 Shanghai Cooperation Organisation (SCO) Summit on October 15-16 to be attended by 900 delegates
Zomato's Blinkit Introduces Quick 10-Minute Return And Exchange Feature
https://www.ndtvprofit.com/business/zomatos-blinkit-introduces-quick-10-minute-return-and-exchange-feature
https://www.ndtvprofit.com/business/zomatos-blinkit-introduces-quick-10-minute-return-and-exchange-feature
NDTV Profit
Zomato's Blinkit Introduces Quick 10-Minute Return And Exchange Feature
Albinder Dhindsa, Co-Founder of Blinkit shared the news on his X profile on Tuesday.
SEBI Raises Position Limit For Trading Members In Index Futures And Options To Rs 7,500 Crore
https://www.ndtvprofit.com/markets/sebi-raises-position-limit-for-trading-members-in-index-futures-and-options-to-rs-7500-crore
https://www.ndtvprofit.com/markets/sebi-raises-position-limit-for-trading-members-in-index-futures-and-options-to-rs-7500-crore
NDTV Profit
SEBI Raises Position Limit For Trading Members In Index Futures And Options To Rs 7,500 Crore
The new position limits are effective immediately, and monitoring based on the previous day's OI will start from April 1, 2025.
JLR Retail Sales Rises 36% To 3,214 units In First Half Of FY25
https://www.ndtvprofit.com/business/jlr-retail-sales-rises-36-to-3214-units-in-first-half-of-fy25
https://www.ndtvprofit.com/business/jlr-retail-sales-rises-36-to-3214-units-in-first-half-of-fy25
NDTV Profit
JLR Retail Sales Rises 36% To 3,214 units In First Half Of FY25
The strong sales performance in the April-September period was led by robust offtakes in both first and second quarter.
Holcim considers dual listing of $30 billion US business
https://economictimes.indiatimes.com/markets/ipos/fpos/holcim-considers-dual-listing-of-30-billion-us-business/articleshow/114265977.cms
https://economictimes.indiatimes.com/markets/ipos/fpos/holcim-considers-dual-listing-of-30-billion-us-business/articleshow/114265977.cms
The Economic Times
Holcim considers dual listing of $30 billion US business
US listings have become increasingly appealing to European companies because the country offers a broader investor base and bigger pool of capital, allowing for higher valuations. Construction company CRH Plc moved its primary listing from London to New York…
Hot Stocks: 3 stocks that may give returns between 20-43%
https://economictimes.indiatimes.com/markets/stocks/news/hot-stocks-3-stocks-that-may-give-returns-between-20-43/articleshow/114266009.cms
https://economictimes.indiatimes.com/markets/stocks/news/hot-stocks-3-stocks-that-may-give-returns-between-20-43/articleshow/114266009.cms
The Economic Times
Hot Stocks: 3 stocks that may give returns between 20-43%
Brokerages have initiated coverage on these stocks with buy ratings and project returns of 20% to 43%, as per their analysts price targets.
FPIs raise holdings in 50 SMID Cap stocks
https://economictimes.indiatimes.com/markets/stocks/news/fpis-raise-holdings-in-50-smid-cap-stocks/articleshow/114266033.cms
https://economictimes.indiatimes.com/markets/stocks/news/fpis-raise-holdings-in-50-smid-cap-stocks/articleshow/114266033.cms
The Economic Times
FPIs raise holdings in 50 SMID Cap stocks
According to consensus price target estimates of analysts compiled by Refinitiv, the stock could give a return of 26% over the next year. FPI holding in Heritage Foods increased from 3.32% to 8.26% while Genus Power saw their stakes rise from 2.77% to 7.36%
Xiaomi A4 5G phone with Qualcomm SD 4s Gen 2 to be priced under Rs 10,000
https://www.business-standard.com/technology/tech-news/xiaomi-a4-5g-phone-with-qualcomm-sd-4s-gen-2-to-be-priced-under-rs-10-000-124101600925_1.html
https://www.business-standard.com/technology/tech-news/xiaomi-a4-5g-phone-with-qualcomm-sd-4s-gen-2-to-be-priced-under-rs-10-000-124101600925_1.html
Business-Standard
Xiaomi A4 5G phone with Qualcomm SD 4s Gen 2 to be priced under Rs 10,000
Xiaomi A4 5G: The budget-friendly Xiaomi A4 5G aims to enhance accessibility to 5G connectivity in India, designed specifically for the local market, said Xiaomi and Qualcomm in a joint statement
LandT Technology Services, Bajaj Finserv among 5 stocks with short covering - Shift in Sentiment
https://economictimes.indiatimes.com/markets/stocks/news/lampt-technology-services-bajaj-finserv-among-5-stocks-with-short-covering/slideshow/114285844.cms
https://economictimes.indiatimes.com/markets/stocks/news/lampt-technology-services-bajaj-finserv-among-5-stocks-with-short-covering/slideshow/114285844.cms
The Economic Times
LandT Technology Services, Bajaj Finserv among 5 stocks with short covering - Shift in Sentiment
Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information. This usually results in a decrease in open interest and can drive the stock price higher. In Wednesday's trading session…
Chinese finance professionals switch careers as industry crackdown dims prospects
https://www.thehindu.com/business/chinese-finance-professionals-switch-careers-as-industry-crackdown-dims-prospects/article68760846.ece
https://www.thehindu.com/business/chinese-finance-professionals-switch-careers-as-industry-crackdown-dims-prospects/article68760846.ece
The Hindu
Chinese finance professionals switch careers as industry crackdown dims prospects
Disillusioned Chinese bankers and fund managers are giving up careers in a finance sector where government campaigns and regulation have coloured prospects to the extent that areas as varied as education and even stand-up comedy seem preferable.
Stock to Watch: Infosys shares in focus ahead of Q2 earnings
https://economictimes.indiatimes.com/markets/stocks/news/stock-to-watch-infosys-shares-in-focus-ahead-of-q2-earnings/articleshow/114298528.cms
https://economictimes.indiatimes.com/markets/stocks/news/stock-to-watch-infosys-shares-in-focus-ahead-of-q2-earnings/articleshow/114298528.cms
The Economic Times
Stock to Watch: Infosys shares in focus ahead of Q2 earnings
Infosys Share Price: Infosys, India's second largest software exporter, will announce its earnings for the September 2024 quarter today. Analysts expect healthy numbers with a 5% rise in net sales year-on-year and an 11% increase in profit after tax. Investor…
Mphasis Q2 Results: Net Profit Rises 4.6%, Revenue Up 3%
https://www.ndtvprofit.com/quarterly-earnings/mphasis-q2-results-net-profit-rises-46-revenue-up-3
https://www.ndtvprofit.com/quarterly-earnings/mphasis-q2-results-net-profit-rises-46-revenue-up-3
NDTV Profit
Mphasis Q2 Results: Net Profit Rises 4.6%, Revenue Up 3%
Mphasis' operating profit or EBIT advanced 6% to Rs 544 crore, compared to Rs 514 crore the previous quarter.
Institutional Investors Flock To QIPs Amid IPO Frenzy
https://www.ndtvprofit.com/ipos/qips-outshine-ipos-institutional-investors-favour-private-placements
https://www.ndtvprofit.com/ipos/qips-outshine-ipos-institutional-investors-favour-private-placements
NDTV Profit
Institutional Investors Flock To QIPs Amid IPO Frenzy
This surge reflects heightened institutional confidence in the QIPs as a strategic funding method for companies.