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MSCI to raise weight of Bharti Airtel in Feb quarterly index review

Mumbai, Jan. 14 -- MSCI Global Standard Indexes will increase the weight of telecom operator Bharti Airtel stock in its February 2021quarterly review. National Securities Depository Ltd (NSDL) had on... Read More


IndusInd Bank gains 4% after promoters get Sebi nod for capital infusion

MUMBAI, Jan. 14 -- Shares of IndusInd Bank rose nearly 4% after the company said the Securities and Exchange Board of India (Sebi) granted prompters an additional two weeks of time for infusion of res... Read More


Bharti Airtel surges 6% on plans to raise foreign investment limit

MUMBAI, Jan. 13 -- Shares of Bharti Airtel jumped a little over 6% on Wednesday after the company said it will begin the process of revising its foreign investment limit to 100%, effective immediately... Read More


RBI imposes Rs 2 crore fine on Deutsche Bank for non-compliance of various norms

Mumbai, Jan. 12 -- The Reserve Bank of India (RBI) on Tuesday said it has imposed a penalty of over Rs.2 crore on Deutsche Bank for non-compliance with certain provisions of directions issued by RBI (... Read More


L&T Infotech gains 5% on expanding global alliance with IBM

MUMBAI, Jan. 12 -- Shares of Larsen & Toubro Infotech (LTI) rose 4.7% on Tuesday to hit a fresh 52-week high of Rs.4443.75 on the BSE after the company said it is expanding its multi-year, global alli... Read More


Tata Motors spurts 13% as JLR sales recover in December quarter

Mumbai, Jan. 12 -- Shares of Tata Motors Ltd rallied as much as 13.36% on Tuesday -- highest since September 2018 -- after its subsidiary Jaguar Land Rover reported a sequential rise in the retail sal... Read More


TCS hits Rs.12 trillion market cap on strong Q3 performance

MUMBAI, Jan. 11 -- Tata Consultancy Services Ltd (TCS) on Monday became the second Indian company to hit Rs.12 trillion in market capitalisation after the information technology (IT) services major po... Read More


Biocon Biologics receives Rs.555 Cr Capital Injection from ADQ

Mumbai, Jan. 7 -- Biocon Ltd on Thursday said that the board of its subsidiary Biocon Biologics Ltd had approved a primary equity investment of Rs.555 crore by Abu Dhabi based ADQ. Biocon Biologics i... Read More


Realty stocks surge after Maharashtra cuts levies on real estate projects by 50%

New Delhi, Jan. 7 -- Shares of realty firms rose up to 8% after the Maharashtra government cleared a proposal to cut levies on real estate projects by 50% until December 2021. Shares of Oberoi Realty... Read More


S&P Global, Fitch assign 'BBB-' rating to SBI's proposed senior bonds

MUMBAI, Jan. 6 -- S&P Global Ratings on Wednesday assigned its 'BBB-' long-term issue rating to a proposed issue of senior unsecured notes by State Bank of India (SBI: BBB-/Stable/A-3) under the bank'... Read More