Page 50 - Companies

BSE closes points 353.83 down on August 12

New Delhi, Aug 12 (ANI): Trading at the Bombay Stock Exchange today closed 353.83 points down to stand at 27,512.26. At the National Stock Exchange the Nifty closed 108.55 points down to stand at 8,353.80. Rajesh Exports Ltd and Cadila Healthcare Ltd were among the top gainers of group A with an increase of 6.01% and 4.44% along with Infosys Ltd and HCL Technologies Ltd with an increase of 3.39% and 3.19% respectively, while the top losers of group A include Housing Development and Infrastructure Ltd and Vedanta Limited with a decrease of 8.96% and 8.03% along with Hindustan Petroleum Corporation Ltd and Indian Oil Corporation Ltd with a decrease of 7.56% and 7.26% at the close of the markets. The Auto sector is down 458.46 points at 18,960.37 while the Banking sector is down 644.35 points at 20,711.77 and the Realty sector is down 77.20 points at 1,347.43. The Indian currency is up 1.03% at Rs 64.85 per dollar.

Mercedes- Benz launches AMG S63 in India

Bengaluru, Aug 12 (ANI): German automaker Mercedes-Benz rolled out its latest luxurious sedan Mercedes-AMG S63 in India, which combines high driving performance with ultimate luxury. The vehicle is priced between rupees 25-30 million. Mercedes-Benz India Managing Director, Eberhard Kern, said it was high level of luxury limousine driving in India. Mercedes-Benz plans to increase the number of cars it makes in India, hoping to trim retail prices to help grab a bigger share of a luxury car market where competition is intensifying from rivals Audi and BMW.

BSE closes points 235.63 down on August 11

New Delhi, Aug 11 (ANI): Trading at the Bombay Stock Exchange today closed 235.63 points down to stand at 27,866.09. At the National Stock Exchange the Nifty closed 63.25 points down to stand at 8,462.35. Jubilant Life Sciences Ltd and NIIT Technologies Ltd were among the top gainers of group A with an increase of 10.64% and 6.85% along with Eclerx Services Ltd and Ajanta Pharma Ltd with an increase of 6.66% and 3.97% respectively, while the top losers of group A include Apollo Tyres Ltd and Jain Irrigation Systems Ltd with a decrease of 12.46% and 8.22% along with Engineers India Ltd and JK Tyres and Industries Ltd with a decrease of 6.51% and 6.32% at the close of the markets. The Auto sector is down 259.14 points at 19,418.83 while the Banking sector is down 331.79 points at 21,356.12 and the Realty sector is down 24.44 points at 1,424.63. The Indian currency is up 0.56% at Rs 64.23 per dollar.

BSE closes points 134.67 down on August 10

New Delhi, Aug 10 (ANI): Trading at the Bombay Stock Exchange today closed 134.67 points down to stand at 28,101.72. At the National Stock Exchange the Nifty closed 39.00 points down to stand at 8,525.60. Gujarat State Petronet Ltd and Godrej Properties Ltd were among the top gainers of group A with an increase of 6.48% and 6.42 % along with Eclerx Services Ltd and Trent Ltd with an increase of 6.38% and 5.52% respectively, while the top losers of group A include Mangalore Refinery and Petrochemicals Ltd and Jaiprakash Associates Ltd with a decrease of 10.31% and 7.47% along with Jaiprakash Power Ventures Limited and Alembic Pharmaceuticals Ltd with a decrease of 6.23% and 6.21% at the close of the markets. The Auto sector is down 87.20 points at 19,677.97 while the Banking sector is down 14.49 points at 21,687.91 and the Realty sector is up 11.87 points at 1,449.07. The Indian currency is up 0.07% at Rs 63.86 per dollar.

BSE closes points 61.74 down on August 7

New Delhi, Aug 7 (ANI): Trading at the Bombay Stock Exchange today closed 61.74 points down to stand at 28,236.39. At the National Stock Exchange the Nifty closed 24.05 points down to stand at 8,564.60. MRPL and ATUL were among the top gainers of group A with an increase of 9.49% and 8.47% along with HINDUSTAN PETROLEUM CORPORATION LTD and NEYVELI LIGNITE CORPORATION LTD. with an increase of 6.95% and 5.59% respectively, while the top losers of group A include Jaypee Infratech Ltd and MOTHERSON SUMI SYSTEMS LTD. with a decrease of 7.59 % and 6.23 % along with BHEL and ADANI ENTERPRISES LTD. with a decrease of 5.81 % and 5.14 % at the close of the markets. The Auto sector is up 13.29 points at 19,765.17 while the Banking sector is down161.64 points at 21,702.40 and the Realty sector is down 4.76 points at 1,437.20. The Indian currency is down 0.14% at Rs 63.82 per dollar.

BSE closes points 75.05 up on August 6

New Delhi, Aug 6 (ANI): Trading at the Bombay Stock Exchange today closed 75.05 points up to stand at 28,298.13. At the National Stock Exchange the Nifty closed 20.70 points up to stand at 8,588.65. Jaiprakash Power Ventures Ltd andAlok Industries Ltd were among the top gainers of group A with an increase of19.64% and 12.88% along with Cummins India Ltd and BF Utilities Ltd with an increase of 12.77% and 9.61% respectively, while the top losers of group A include Nestle India Ltd and Bata India Ltd with a decrease of 5.03% and 4.92% along with Motherson Sumi Systems Ltd and Welspun Corp Ltd with a decrease of 4.86% and4.52% at the close of the markets. The Auto sector is up 110.80 points at 19,751.88 while the Banking sector is up 120.30 points at 21,864.04 and the Realty sector is up 6.76 points at 1,441.96. The Indian currency is up 0.03% at Rs 63.77 per dollar.

BSE closes points 151.15 up on August 5

New Delhi, August 5 (ANI): Trading at the Bombay Stock Exchange today closed 151.15 points up to stand at 28,223.08. At the National Stock Exchange the Nifty closed 51.05 points up to stand at 8,567.95. Shipping Corporation of India Ltd and Suzlon Energy Ltd were among the top gainers of group A with an increase of 10.68% and 10.45% along with Hindustan Construction Co. Ltd and Atul Ltd with an increase of 9.19% and 7.77% respectively, while the top losers of group A include Kailash Auto Finance Ltd and Bharti Infratel Ltd with a decrease of 4.86% and 4.04% along with Raymond Ltd and Essar Oil Ltd with a decrease of 3.87% and 3.23% at the close of the markets. The Auto sector is up 200.96 points at 19,641.08 while the Banking sector is down 71.11 points at 21,743.74 and the Realty sector is up 46.05 points at 1,435.20. The Indian currency is up 0.05% at Rs 63.78 per dollar.

BSE closes points 115.13 down on August 4

New Delhi, Aug 4 (ANI): Trading at the Bombay Stock Exchange today closed 115.13 points down to stand at 28,071.93. At the National Stock Exchange the Nifty closed 26.15 points down to stand at 8,516.90. Adani Enterprises Ltd and Torrent Power Ltd were among the top gainers of group A with an increase of 11.32% and 10.12% along with Punj Lloyd Ltd and Union Bank of India with an increase of 9.12% and 8.16% respectively, while the top losers of group A include Sun TV Network Ltd and Kailash Auto Finance Ltd with a decrease of 5.76% and 4.97% along with NIIT Technologies Ltd and Firstsource Solutions Ltd with a decrease of 4.27% and 3.85% at the close of the markets. The Auto sector is up 193.07 points at 19,440.12 while the Banking sector is up 103.12 points at 21,814.85 and the Realty sector is down 2.49 points at 1,389.15. The Indian currency is down 0.41% at Rs 63.77 per dollar.

RBI keeps policy rates on hold at 7.25%

Mumbai, August 04 (ANI): The Reserve Bank of India (RBI) kept its policy rate on hold at 7.25 percent on Tuesday, as widely expected, while leaving the door open to ease further depending on the inflation outlook and how swiftly banks lower their lending rates. The RBI also said government economic reforms and the timing of any increase in U.S. interest rates would be key factors that will determine whether the central bank cuts rates for a fourth time this year. The next policy review is set for September 29. Any increase in US rates decided at a Federal Reserve meeting earlier that month is expected to suck money out of emerging markets. RBI Governor, Raghuram Rajan, said they were also monitoring inflation and monsoon trend in the country. Rajan added that the Reserve Bank awaits greater transmission of its front-loaded past actions, it would monitor developments for emerging room for accommodation. The RBI governor currently has wide discretion in deciding interest rates. Rajan sa

BSE closes points 72.50 up on August 3

New Delhi, August 3 (ANI): Trading at the Bombay Stock Exchange today closed 72.50 points up to stand at 28,187.06. At the National Stock Exchange the Nifty closed 10.20 points up to stand at 8,543.05. Jaiprakash Associates Ltd and Suzlon Energy Ltd were among the top gainers of group A with an increase of 18.36% and 11.64% along with Sun TV Network Ltd and Alok Industries Ltd with an increase of 11.22% and 10.60% respectively, while the top losers of group A include HCL Technologies Ltd and Gujarat Pipavav Port Ltd with a decrease of 5.94% and 5.26% along with Firstsource Solutions Ltd and Kailash Auto Finance Ltd with a decrease of 5.25% and 4.90% at the close of the markets. The Auto sector is up 139.27 points at 19,247.05 while the Banking sector is up 212.49 points at 21,711.73 and the Realty sector is up 4.29 points at 1,391.64. The Indian currency is down 0.18% at Rs 64.02 per dollar.

BSE closes points 409.21 up on July 31

New Delhi, July 31 (ANI): Trading at the Bombay Stock Exchange today closed 409.21 points up to stand at 28,114.56. At the National Stock Exchange the Nifty closed 111.05 points up to stand at 8,532.85. Rajesh Exports Ltd and Sun TV Network Ltd were among the top gainers of group A with an increase of 13.70% and 8.77% along with Union Bank of India and Sanofi India Ltd with an increase of 8.06% and 6.98% respectively, while the top losers of group A include Gati Ltd and Kailash Auto Finance Ltd with a decrease of 8.59% and 4.98% along with Alembic Pharmaceuticals Ltd and Titan Company Limited with a decrease of 4.70% and 4.65% at the close of the markets. The Auto sector is up 338.35 points at 19,107.78 while the Banking sector is up 354.21 points at 21,499.24 and the Realty sector is up 39.00 points at 1,387.35. The Indian currency is up 0.11% at Rs 64.11 per dollar.

BSE closes points 141.92 up on July 30

New Delhi, July 30 (ANI): Trading at the Bombay Stock Exchange today closed 141.92 points up to stand at 27,705.35. At the National Stock Exchange the Nifty closed 46.75 points up to stand at 8,421.80. Unitech Ltd and Bank of Baroda were among the top gainers of group A with an increase of18.24% and 10.03% along with Punjab National Bank and Adani Enterprises Ltd with an increase of8.98% and 8.40% respectively, while the top losers of group A include Rajesh Exports Ltd and Alstom T and D India Ltd with a decrease of 3.95% and 3.82% along with Sunrise Asian Ltd and Vakrangee Ltd with a decrease of 3.10% and 2.85% at the close of the markets. The Auto sector is up 50.41 points at 18,769.43 while the Banking sector is up 122.25 points at 21,145.03 and the Realty sector is up 45.34 points at 1,348.35.The Indian currency is up 0.14 % at Rs 64.00 per dollar.

BSE closes points 104.20 up on July 29

New Delhi, July 29 (ANI): Trading at the Bombay Stock Exchange today closed 104.20 points up to stand at 27,563.43. At the National Stock Exchange the Nifty closed 38.05 points up to stand at8,375.05. Jet Airways (India) Ltd and Sun Tv Network Ltd were among the top gainers of group A with an increase of 19.06% and 10.61% along with Manappuram Finance Ltd and CEAT Ltd with an increase of 6.53% and 6.44% respectively, while the top losers of group A include Rajesh Exports Ltd and TATA Communications Ltd with a decrease of 9.26% and 7.19% along with JaiPrakash Associates Ltd and PMC Fincorp Limited with a decrease of 5.13% and 4.74% at the close of the markets. The Auto sector is up 257.45 points at 18,719.02 while the Banking sector is up 46.15 points at 21,022.78 and the Realty sector is up 15.73 points at 1,303.01. The Indian currency is down 0.12 % at Rs 63.83per dollar.

BSE closes points 102.15 down on July 28

New Delhi, July 28 (ANI): Trading at the Bombay Stock Exchange today closed 102.15 points down to stand at 27,459.23. At the National Stock Exchange the Nifty closed 24.00 points down to stand at8,337.00. Jubilant Life Sciences Ltd and Aditya Birla Nuvo Ltd were among the top gainers of group A with an increase of 11.35% and 6.75% along with Jet Airways (India) Ltd and Punjab National Bank with an increase of 2.82% and 4.95% respectively, while the top losers of group A include Syndicate Bank and Jaypee Infratech Ltd with a decrease of 9.03% and 7.01% along with JSW Energy Ltd and Info Edge (India) Ltd with a decrease of 6.80% and 6.52 % at the close of the markets. The Auto sector is down 128.75 points at 18,461.57 while the Banking sector is up 89.55 points at 20,976.63 and the Realty sector is down 36.05 points at 1,287.28. The Indian currency is down 0.31 % at Rs 63.96 per dollar.

BSE closes points 550.93 down on July 27

New Delhi, July 27 (ANI): Trading at the Bombay stock exchange today closed 550.93 points down to stand at 27,561.38 At the national stock exchange the nifty closed 160.55 points down to stand at 8,361.00. TATA ELXSI LTD. and SUN TV NETWORK LTD. were among the top gainers of group A with an increase of 5.10 % and 4.61 % along with ATUL LTD and PERSISTENT SYSTEMS LTD with an increase of 4.15% and 4.02 % respectively, while the top losers of group A include KAILASH AUTO FINANCE LTD .and JAIPRAKASH POWER VENTURES LIMITED. with a decrease of 9.86% and 7.41% along with Jaypee Infratech Ltd. and INDIAN OVERSEAS BANK. with a decrease of 7.19% and 6.05% at the close of the markets. The auto sector is down 363.16 points at 18,590.32 while the banking sector is down 487.06 points at 20,887.08 and the realty sector is down 28.91 points at 1,323.33. The Indian currency is up 0.16% at Rs 64.14 per dollar.

Justice AP Shah committee submits report on MAT to Jaitley

New Delhi, July 24 (ANI): The government appointed Justice AP Shah-led committee submitted its report on Minimum Alternate Tax (MAT) to Union Finance Minister Arun Jaitley here on Friday. The report gives its suggestions on the issue as to whether MAT should apply to foreign companies including foreign portfolio investors (FPIs). The report is of high importance as the Castleton Case is due for hearing in the Supreme Court on August 4. The Supreme Court is due to hear a plea filed by Castleton Investment Limited, a Mauritius-based entity, on the levy of MAT. Castleton had moved court against a 2012 ruling by the Authority of Advance Ruling that said the company would have to pay MAT on capital gains arising from sale of shares.

Wipro quarterly profit lifted by higher global IT spending

Bengaluru, July 24 (ANI): Higher IT spending by global clients helped India's third'biggest software services exporter Wipro to post quarterly profit broadly in line with forecasts, the company said. For the quarter ended June, Wipro reported a four percent rise in net profit for its first quarter to June 30. Profit was 21.9 billion Indian rupees, compared with 21.03 billion rupees in the same period last year. Total revenue rose 10 percent to 123.71 billion rupees, with the company taking on 36 new clients. Wipro's Chief Executive Officer TK Kurien said the company was not expecting to see a further decline in energy in the second quarter.

BSE closes points 188.70 up on July 23

New Delhi, July 23 (ANI): Trading at the Bombay stock exchange today closed 188.70 points up to stand at 28,370.84. At the national stock exchange the nifty closed 43.70 points down to stand at 8,589.80. Polaris Consulting and Services Limited. and RAJESH EXPORTS LTD. were among the top gainers of group A with an increase of 9.29% and 7.84% along with JUBILANT LIFE SCIENCES LIMITED and CAIRN INDIA LTD. with an increase of 7.29% and 6.20% respectively, while the top losers of group A include KAILASH AUTO FINANCE LTD.and TV18 BROADCAST LTD. with a decrease of 9.96% and 7.96% along with JSW Energy Ltd and CONTAINER CORPORATION OF INDIA LTD. with a decrease of 5.51% and 5.29% at the close of the markets. The auto sector is up 94.18 points at 19,170.06 while the banking sector is down 155.51 points at 21,633.35 and the realty sector is up 4.94 points at 1,370.34. The Indian currency is up 0.30% at Rs 63.77per dollar.

BSE closes points 237.9 down on July 22

New Delhi, July 22 (ANI): Trading at the Bombay stock exchange today closed 322.79 points up to stand at 28,504.93. At the national stock exchange the nifty closed 104.05 points up to stand at 8,633.50. SREI INFRASTRUCTURE FINANCE LTD. and INDIABULLS REAL ESTATE LTD. were among the top gainers of group A with an increase of 15.98% and 7.86% along with Indiabulls Housing Finance Ltd. and JUBILANT LIFE SCIENCES LIMITED. with an increase of 7.75% and 7.49% respectively, while the top losers of group A include KAILASH AUTO FINANCE LTD. and TV18 BROADCAST LTD. with a decrease of 19.98% and 12.31% along with TTK PRESTIGE LTD. and RattanIndia Power Limited with a decrease of 4.96% and 4.79% at the close of the markets. The auto sector is up 208.09 points at 19,075.88 while the banking sector is up 311.22 points at 21,788.86 and the realty sector is up 10.86 points at 1,365.40. The Indian currency is down 0.18% at Rs 63.54 per dollar.

Infosys revamp brings in more large deals and profits in first quarter

Bengaluru, July 21 (ANI): IT services provider Infosys Limited on Tuesday (July 21) said a business revamp initiated by its first non-founder boss helped it win more large deals in the first quarter, fuelling a 5 percent rise in net profit. Infosys, a bellwether for India's $150 billion IT services industry, has in recent years struggled to innovate and retain market share due to a staff exodus that also hurt its ability to win big deals. Under Chief Executive Vishal Sikka, brought in about a year ago to chart a new strategy, Infosys has made bets on automation and other high-margin services such as artificial intelligence and digital technology to regain ground lost to rivals including leader Tata Consultancy Services Ltd. Sikka said it was the first significant step in their journey to become leading services company.