Idea jumps over 7% on CCI nod to Vodafone merger

Shares of Idea Cellular rallied over 7 per cent on the Bombay stock Exchange after the Competition Commission of India (CCI) approved the proposed merger between Vodafone India on Tuesday. Boosted by the development, shares of the company gained as much as 7.40 per cent to hit intra-day high of Rs 98.65 apiece on the Bombay Stock Exchange.

The stocks were currently trading at Rs 98.20

Bharti Infratel Quarterly Result cons net dips 12% at Rs 664 cr

Bharti Infratel, the tower infrastructures arm of Bharti group, has reported a decline of 12 per cent in its consolidated net profit at Rs 664 crore for the first quarter ended June 30, 2017. “The company had registered consolidated net profit of Rs 756 crore in the April-June quarter of the previous fiscal, Bharti Infratel said in a filing to the Bombay Stock Exchange.

The cons

Reliance Industries Ltd. hits record high on bonus issue, Jio Phone

Shares of Reliance Industries continued gaining momentum on Monday and rose over 2 per cent, hitting fresh 52-week high, on the Bombay stock Exchange after the country’s largest private sector company on Friday announced bonus shares in the ratio of 1:1, which happens to be the country’s largest bonus issue. Addressing the 40th annual general meeting, the company’s chairman Mu

ITC gains over 2% on hike in cigarette prices

Shares of cigarette to biscuit maker ITC climbed over 2 per cent on the Bombay stock Exchange after the FMCG major raised the prices of select cigarette brands following the government decision to hike the cess on cigarette companies. Following the announcement, shares of company gained as much as 2.37 per cent to hit intra-day high of Rs 295.35 apiece on the Bombay Stock Exchange.

Th

GVK Power zooms 19% as Equity Intelligence buys stake

Shares of GVK Power & Infrastructure spiked over 19 per cent, hitting 52-week high, on the Bombay stock Exchange after Equity Intelligence India acquired over 1 per cent stake in the company through open market transaction. Boosted by the development, shares of the company gained as much as 19.40 per cent to hit 52-week high of Rs 11.93 apiece on the Bombay Stock Exchange.

The sto

Jammu & Kashmir Bank jumps over 9% on strong Q1

Shares of the Jammu & Kashmir Bank rallied over 9 per cent on the Bombay stock Exchange after the state-run bank reported strong earnings during April-June quarter (Q1FY18), while its asset quality also improved during the quarter under review. The bank has reported 32 per cent year-on-year (Y-o-Y) growth in net profit at Rs 30.19 crore in Q1FY18 against Rs 22.88 crore in Q1FY17.

Reliance Industries Ltd. hits 9-year high on robust Quarterly Result

Shares of Reliance Industries surged nearly 4 per cent, hitting over 9-year high, on the Bombay stock Exchange after the country’s largest private sector company reported a 28 per cent growth in its consolidated net profit at Rs 9,108 crore for the first quarter ended June 30, 2017, boosted by robust growth in retail and petrochemicals business.

Consolidated revenue from operati

Bharti Airtel tanks 4% as rival Jio launches 4G phone

Shares of Bharti Airtel tumbled 4 per cent on the Bombay stock Exchange after Reliance Jio, the telecom subsidiary of Reliance Industries, announced launch of an affordable 4G smartphone. Weighed down by the development, shares of the telecom major declined as much as 3.99 per cent to hit intra-day low of Rs 403.00 apiece on the Bombay Stock Exchange.

The stocks were currently trading

Wipro hits 52-week high as Quarterly Result beats estimates

Shares of Wipro rallied over 8 per cent, hitting 52-week high, on the Bombay stock Exchange after the country’s third largest software exporter reported a higher-than-expected 1.2 per cent growth in its consolidated net profit at Rs 2,077 crore for the first quarter ended June 30, 2017, driven by improved margins in banking, energy and utilities business.

The company in a separa

Triveni Engineering Ltd. surges over 14% on stake buying by AK Goel

Shares of Triveni Engineering & Industries spiked over 14 per cent on the Bombay stock Exchange after media reported that renowned investor Anil Kumar Goel has purchased 14.15 lakh shares of the company at Rs 71.13 each.

Boosted by the development, shares of the company gained as much as 14.32 per cent to hit intra-day high of Rs 81.00 apiece on the Bombay Stock Exchange. The stoc

ABB India surges over 6% on robust Quarterly Result

Shares of ABB India jumped over 6 per cent on the Bombay stock Exchange after the company reported 39 per cent year-on-year growth in net profit at Rs 76 crore for the second quarter ended June 30, 2017. Driven by strong Q2, shares of the company gained as much as 6.59 per cent to hit intra-day high of Rs 1548.40 apiece on the Bombay Stock Exchange.

The stocks were currently trading a

Just Dial zooms 10% on share buyback plans

Shares of Just Dial rallied 10 per cent on the Bombay stock Exchange after local search engine firm said that its board will meet on July 24, to consider share buyback proposal. Following the announcement, shares of the company gained as much as 9.88 per cent to hit intra-day high of Rs 389.85 apiece on the Bombay Stock Exchange.

The stocks were currently trading at Rs 382.50 against

Jio on IUC: Big telcos made excess recovery of Rs 1.2 L cr

Reliance Jio has dismissed as "myth" the claim that incumbent telecom operators are incurring losses due to reduction in call connect charges and alleged that two of established operators had made "excess recovery" to the tune of nearly Rs 1.2 lakh crore, reported PTI. In a presentation yesterday to the telecom regulator on the Interconnection Usage Charges (IUC), a key inpu

Canara Bank first-quarter net profit misses estimates; bad loans rise

Canara Bank posted a lower-than-expected quarterly net profit on Wednesday, hurt by higher bad loan provisions.

Net profit rose to 2.52 billion rupees ($39.18 million) in its fiscal first quarter ended June 30, from 2.29 billion rupees a year earlier, the country's fifth largest state-run lender by assets said 

Analysts on average had expected the Bengaluru-based ba

Balaji Telefilms surges 6% on buzz over stake sale

Shares of Balaji Telefilms jumped nearly 6 per cent on the Bombay stock Exchange after media reported that may sell up to 26 per cent stake in Alt Balaji to Zee, Reliance Jio. Riding high on media reports, shares of the company gained as much as 5.98 per cent to hit intra-day high of Rs 194.90 apiece on the Bombay Stock Exchange.

The stocks were currently trading at Rs 190.20 against

Grasim Industries tanks over 7% as stocks turn ex-dividend

Shares of Grasim Industries plunged over 7 per cent on the Bombay stock Exchange after stocks turned ex-dividend today. Ex-dividend date is the date on or after which a share is traded without a previously declared dividend. Weighed down by the development, shares of the company declined as much as 7.14 per cent to hit intra-day low of Rs 1091.00 apiece on the Bombay Stock Exchange.

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Aurobindo Pharma jumps over 8% on drug approval

Shares of drug maker Aurobindo Pharma rallied over 8 per cent on the Bombay stock Exchange after the company said that it has received final approval from the US Food and Drug Administration (USFDA) to manufacture Sevelamer Carbonate tablets, a drug used in kidney disease. Boosted by the development, shares of company gained as much as 8.29 per cent to hit intra-day high of Rs 794.50 apiece on

ITC recovers from GSL jolt, scrip up over 2%

Shares of cigarettes maker ITC rebounded over 2 per cent on the Bombay stock Exchange after suffering year’s biggest fall of nearly 13 per cent in the previous session after the government increased the cess on cigarettes to compensate manufacturer losses from lower GST rates.

Recouping previous session losses, shares of FMCG major gained as much as 2.21 per cent to hit intra-da

Wipro extends gain on share buyback plan

Shares of Wipro continued gaining streak on Tuesday and rose nearly 2 per cent on the Bombay stock Exchange after the country’s third largest software exporter said that its board would consider a proposal for buyback of equity shares of the Company on July 20, 2017.

“A meeting of the Board of Directors of the Company to be held over July 19-20, 2017, to consider a proposa

Jubilant Foodworks surges over 4% on robust Quarterly Result

Shares of Jubilant Foodworks jumped over 4 per cent on the Bombay stock Exchange after a the company reported a 26 per cent year-on-year growth in its standalone net profit after tax (PAT) at Rs 23.84 crore for the first quarter ended June 30, 2017, driven by robust Same Store Sales growth. Driven by Q1, shares of company gained as much as 4.25 per cent to hit intra-day high of Rs 1,328.75 apie

ITC nosedives 15% as govt hikes cess on cigarettes

Shares of cigarettes maker ITC tumbled 15 per cent on the Bombay stock Exchange after the government increased the cess on cigarettes to compensate manufacturer losses from lower GST rates. Weighed down by the development, shares of FMCG major declined as much as 14.99 per cent to hit intra-day low of Rs 276.90 apiece on the Bombay Stock Exchange.

The stocks were currently trading at

ACC shares up over 3% on robust Quarterly Result

Shares of ACC rose over 3 per cent on the Bombay stock Exchange after the cement maker reported a 32.57 per cent rise in its consolidated net profit at Rs 326.23 crore for the April-June quarter, driven by an increase in sales.

Boosted by strong Q2, shares of company gained as much as 3.34 per cent to hit intra-day high of Rs 1809.80 apiece on the Bombay Stock Exchange. The stocks wer

Reliance Industries Ltd slips over 2% on arbitration penalty

Shares of Reliance Industries fell over 2 per cent on the Bombay stock Exchange after the government asked the company along with Shell and ONGC to pay a combined USD 3 billion in penalty following an arbitration award in the Panna Mukta Tapti (PMT) oil field dispute that went in favour of the government, says an ET report.

Reacting to the news, shares of Mukesh Ambani-led company dec

ITC slips nearly 3% on buzz over cigarettes price hike

Shares of cigarettes maker ITC tanked nearly 3 per cent on the Bombay stock Exchange after media report suggested that the government may consider hiking the compensation cess on cigarettes if prices come down post the implementation of the Goods and Services Tax (GST). Reacting to media reports, shares of company declined as much as 2.89 per cent to hit intra-day low of Rs 327.45 apiece on the

GMR Infra gains 3% on buzz over stake sale in Hyderabad airport

Shares of GMR Infrastructure climbed over 3 per cent on the Bombay stock Exchange after media report suggested that the company was in advanced talks with Abu Dhabi Investment Authority (ADIA) to sell a stake of up to 49 per cent stake in Hyderabad International Airport. Cheering the news, shares of company gained as much as 3.05 per cent to hit intra-day high of Rs 18.55 apiece on the Bombay S