BUSINESS

Lakshmi Vilas Bank’s total business has reached to Rs 51,235 crore as of March 31, 2019 as against Rs 60,314 crore as on March 31, 2018, a decrease of 15.05% Besides, total deposits of the bank declined from Rs 33,309 crore as on March 31, 2018 to Rs 29,279 crore ... Read More »

Meghmani Organics has installed additional capacity to manufacture 2,4-D a widely used and environmental friendly herbicide. For this, the company has set up additional production facility at its existing agro manufacturing facility situated at Bharuch in the state of Gujarat. Meghmani Organics is a leading manufacturer of pigment and pesticide ... Read More »

TV18 Broadcast’s subsidiary — Viacom18 Media is going to launch its second Gujarati channel Colors Gujarati Cinema on June 1, 2019 as a pay channel. It will be a part of the network’s primary COLORS wala Value+ Pack. TV18 Broadcast operates one of India’s leading 24-hour English language news and ... Read More »

Greaves Cotton is currently trading at Rs. 149.25, up by 4.85 points or 3.36% from its previous closing of Rs. 144.40 on the BSE. The scrip opened at Rs. 146.35 and has touched a high and low of Rs. 149.50 and Rs. 145.85 respectively. So far 14001 shares were traded ... Read More »

NTPC is currently trading at Rs. 132.80, up by 0.05 points or 0.04% from its previous closing of Rs. 132.75 on the BSE. The scrip opened at Rs. 132.35 and has touched a high and low of Rs. 133.15 and Rs. 132.30 respectively. So far 9624 shares were traded on the ... Read More »

Hindustan Copper is currently trading at Rs. 46.50, up by 1.20 points or 2.65% from its previous closing of Rs. 45.30 on the BSE. The scrip opened at Rs. 46.50 and has touched a high and low of Rs. 46.50 and Rs. 46.50 respectively. The BSE group ‘A’ stock of face ... Read More »

Tech Mahindra is currently trading at Rs. 741.30, up by 16.20 points or 2.23% from its previous closing of Rs. 725.10 on the BSE. The scrip opened at Rs. 734.00 and has touched a high and low of Rs. 746.85 and Rs. 727.90 respectively. So far 82673 shares were traded ... Read More »

AVT Natural Products is currently trading at Rs. 25.25, up by 1.80 points or 7.68% from its previous closing of Rs. 23.45 on the BSE. The scrip opened at Rs. 24.00 and has touched a high and low of Rs. 26.00 and Rs. 23.75 respectively. So far 12428 shares were traded ... Read More »

Bharat Forge is currently trading at Rs. 498.15, up by 16.40 points or 3.40% from its previous closing of Rs. 481.75 on the BSE. The scrip opened at Rs. 482.10 and has touched a high and low of Rs. 502.85 and Rs. 482.10 respectively. So far 109330 shares were traded ... Read More »

Interglobe Aviation (IndiGo) is currently trading at Rs. 1666.00, up by 3.00 points or 0.18% from its previous closing of Rs. 1663.00 on the BSE. The scrip opened at Rs. 1705.00 and has touched a high and low of Rs. 1716.00 and Rs. 1655.00 respectively. So far 275809 shares were traded ... Read More »

L&T Technology Services is currently trading at Rs. 1784.10, up by 40.20 points or 2.31% from its previous closing of Rs. 1743.90 on the BSE. The scrip opened at Rs. 1748.00 and has touched a high and low of Rs. 1800.00 and Rs. 1747.20 respectively. So far 8819 shares were ... Read More »

Financial Highlights (Consolidated)   Q4 12 Months FY 18-19 FY 17-18 Y-O-Y (%) FY 18-19 FY 17-18 Y-O-Y (%) Net Sales (Rs. Cr) 369.2 391.6 -5.7% 1186.7 1155.6 2.7% EBITDA (Rs. Cr) 24.1 36.3 -33.7% 86.5 139.0 -37.7% EBITDA Margin (%) 6.5% 9.3% -275 bps 7.3% 12.0% – 473 bps Net Profit  (Rs. Cr) ... Read More »

Vakrangee has entered into a partnership with Lendingkart Finance, for offering distribution of business loan through its Nextgen Vakrangee Kendras. These Nextgen Vakrangee Kendras exclusively offer a comprehensive range of products and services across banking, insurance, ATM, assisted e-Commerce, e-Governance and logistics. With 68% of its Nextgen outlets in Tier-5 ... Read More »

Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) has added over 2.50 lakh subscribers in March in Punjab circle. Reliance Jio continued to remain the market leader in Punjab with the highest customer base of 1.20 crore, adding more than 2.50 lakh subscribers in March 2019 as per ... Read More »

Bharti Airtel has submitted a bank guarantee of Rs 644 crore in telecom tribunal TDSAT to complete the merger of Tata Teleservices’ (TTSL) consumer business with the company. The TDSAT on May 2 granted partial stay on an Rs 8,300-crore demand raised by the telecom department from Bharti Airtel for ... Read More »

Maruti Suzuki India has shut production for a day at Gurgaon, Manesar plants to manage rising inventory levels. The company’s installed manufacturing capacity at its two plants in Gurgaon and Manesar in Haryana stands at around 15.5 lakh units per annum. The company gave employees at the two plants a ... Read More »

Siemens India will accelerate efforts to develop and bring to market innovative solutions that create sustainable value for businesses and societies. Siemens is also opening the India office for Next47, an independent global venture firm committed to helping connect Siemens customers to startup innovation from around the world. Siemens is ... Read More »

Thomas Cook (India) has reported results for the fourth quarter and year ended March 31, 2019. The company has reported a net loss of Rs 8.93 crore for the quarter ended March 31, 2019 against net loss of Rs 10.43 crore for the same quarter in the previous year. However, ... Read More »

Pokarna has decided not to pursue restructuring solution for Apparel Business of the company as despite continuous efforts, no attractive restructuring solution could be identified. Accordingly, Apparel Business has been reclassified from discontinued operations to continuing operations. Consequently, in accordance with Ind AS 105 ‘Non-current Assets held for Sale and ... Read More »

Dilip Buildcon has executed the EPC Agreement with the National Highways Authority of India (NHAI) for project of Rehabilitation and Up-gradation from 2 lane to 4 lane of NH Stretch under NHDP-IVB for Varanasi– Dagamagpur (Pkg-1) Section of NH-7 on EPC Mode in the State of Uttar Pradesh and Design ... Read More »