INDIAN STOCK MARKETS TAKE POSITIVE START: SENSEX JUMPS 150 POINTS, NIFTY AT 11,400

Highlights

• The S&P BSE Sensex is trading at 38,622.10 levels, while the benchmark Nifty50 index is at 38,625.18 

• In the first trading session of the week, Kotak Mahindra Bank was the top Sensex gainer with jump of 2 percent 

• Total 5...

RIL SHARES TUMBLED TO 11 YEAR LOW

Highlights:

• TCS overtook RIL and became the number 1 m-cap.
• Crude oil prices were recorded as the lowest since February 2016.
• RIL shares tumble as crude oil prices slump by 31 percent.

Reliance Industrial Limited (RIL) sha...

MAXXIS TYRES BET ON INDIA TO ENTER THE LIST OF 5 GLOBAL TYRE MAKERS

Highlights:

• Maxxis tyres are investing $400 million on its first manufacturing plant at Gujarat, India.
• Maxxis tyres have set the target of acquiring 12 percent of the two-wheeler tyre market in India by 2023.
•   Maxxis is the worl...

COAL INDIA PRICE SHARE GAINS HAS SURGED BY 4%

Highlights:

• Coal India production has increased for the third consecutive month.
• Production for February is at 14.2 percent on-year basis.
• Coal India stocks are trading at a price of Rs. 173.6 during the trading day.

Coal ...

MAURITIUS OVERSEAS INVESTORS ELIGIBLE FOR FPI REGISTRATIONS: SEBI

Highlights:

• Mauritius comes under the grey list of the Financial Action Task Force (FATF).
• A great percentage of FPIs investing in the Indian market is registered in Mauritius.
• FPIs sold equity worth Rs. 1,160.90 crores on Monday.

THOMAS COOK SHARES SURGED BY 20%

Highlights:

• Thomas Cook's share price increased by 20% after falling for the past 6 months.
• The share price dropped by 36 percent since the start of the year.
• Thomas cook India experienced a profit of Rs. 6.67 crores in its third quarte...

VODAFONE IDEA SHARES SURGED BY 48%

Highlights:

• Vodafone Idea share settled at Rs. 4.49 apiece on BSE after it surged by 48 percent.
• The government wants to retain at least three private players in the industry.
• Vodafone Idea paid Rs. 2,500 crores to the Department of Telecom...

IPO FOR BARBEQUE NATION WILL BE OUT SOON

Highlights:

• Barbeque Nations has filed fresh papers to SEBI for its IPO.
• According to the media reports, the Barbeque nation is planning to raise Rs. 1,000-1,200 crores through the IPO.
• The IPO will allow 50 percent to QIBs and 15 percent t...

SBI IS NOT AMONG TOP 10 MOST-VALUED FIRMS ON BSE

Highlights:

• SBI was overtaken by Bajaj Finance on the list.
• Bajaj Finance stands at the 10th position on the most valued companies list in terms of market cap.
• Bajaj Finance is trading at Rs. 4,768 per share.

India's l...

GAIL Q3 NET SLUMPS BY 25%

Highlights:

• The net profit in the Q3 2019 is lower than that recorded in 2018 for the same period.
• The petrochemical business posted a loss of Rs. 8.51 crores compared to a pre-tax profit of Rs. 29.71 crores in 2018.
• GAIL has declared an in...

EMAMI Q3 PROFIT IS AT RS. 144 CRORES

Highlights:

• The total income of the FMGC was at Rs. 828.22 crores, which is up by 1.02 percent.
• Total net profit of Rs. 137.54 crores in the October-December quarter in a year ago.
• It marked growth of 8 percent in the 65 percent of the port...

INDIA'S CHILLI EXPORTS AFFECTED BY CORONAVIRUS

Highlights:

• India export around Rs. 5,000 crores worth chili of which 60 percent goes to China.
• Suspension of trade in China due to Coronavirus has halted India's export of chili to China.
• The Wuhan virus has affected 28,349 people acro...

BANK OF INDIA GAINED PROFIT IN THIRD QUARTER

Highlights:

• Net profit accounts for Rs. 138.20 crores for December quarter 2019-20.
• Bad-loans has been reduced to Rs. 4,028.03 crores.
• Gross Non-performing Assets are at 16.30 percent in the same quarter.

On Friday, Bank o...

DABUR INDIA NET Q3 PROFIT SURGED

Highlights:

• Q3 net profit is up by 8.62 percent which accounts for Rs. 398.87 crores.
• Dabur’s domestic FMGC business has seen a growth of 5.6 percent during the quarter.
• Revenue from other segments has up by 1.16 percent for the compa...

BAJAJ FINANCE SHARES SURGED

Highlights:

• Bajaj Finance has gone up by 5.09% and traded at Rs. 4,427 during the trading day.
• Quarterly profits account for 52% until December 31.
• Assets under management (AUM) have seen a growth of 35% by 31st December 2019.

INDIA ASKS QATAR TO LOWER ITS LNG PRICES

Headlines:

• India asks Qatar to lower its price for gas supplies under a long-term contract.
• Qatar supplies a total of 8.5 million tones of liquified natural gas (LNG) annually to India.
• India is the third-largest importer of LNG buyers.

SBI TO LAUNCH ITS SBI CARDS IPO

Highlights:

• State Bank of India is planning to launch SBI Cards IPO in February 2020.
• It will raise Rs. 9,000 crores.
• The key risk to the SBI group card will include regulatory risk on MDR/interchange fees, Higher capital requirement, and i...

SHRIRAM FINANCE HOLDS THE PLAN TO MERGE WITH RBI

Highlights:

• Shriram finance holds the plan to merge with Reserve bank of India (RBI) after the Indian central bank has requested it to cut its stake in the insurance sector.
• The central bank initiated the request as the insurance sector is not the rem...

TCS TO LAUNCH ITS FIRST SOFTWARE PLATFORM FOR INDIAN MARKET

Highlights:

• Launching an India-specific software platform will allow the company to surge the growth in India.
• A total of 6 percent of TCS revenue comes from the Indian business, which accounts for billions of dollars annually.
• In the curre...

INDIA BECAME THE 4TH BEST MARKET FOR THE GLOBAL INVESTORS

Highlights:

• A survey on the perception of the CEOs released during the meeting of the World Economic Forum revealed that India is the 4th best Market for global companies who are looking for growth.
• The first 3 countries are the US, China, and Germany...