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Indian Overseas Bank posts Rs 121 crore net profit in Q1

New Delhi, Aug. 20 -- State-owned Indian Overseas Bank on Thursday, reported a standalone net profit of Rs.120.69 crore for the June quarter of FY21 as provisions declined and other income rose. The b... Read More


L&T Finance Holdings gains 4% on Rs.200-crore fund raise plan

MUMBAI, Aug. 20 -- Shares of L&T Finance Holdings gained as much as 4.2% to hit Rs.70 on the BSE in Thursday's session so far after its committee of directors approved raising of Rs.200 crore through ... Read More


Future Group firms hits 5% upper limit on hopes RIL deal could be clinched soon

Mumbai, Aug. 19 -- Shares of Future Group companies hit their upper circuit of 5% on Wednesday as investors hoped that a deal with Reliance Industries Ltd (RIL) could be expedited after Reliance Retai... Read More


IRB Infra shares surge 16% as company gets Rs.74 crore arbitral award

MUMBAI, Aug. 19 -- Shares of IRB Infrastructure Developers jumped 16.3% after the company on Tuesday received a unanimous arbitral award of Rs.73.86 crore for one of its earlier projects in Punjab. A... Read More


After KKR, L&T Finance, now Yes Bank sells CG Power shares worth Rs 76 crore

Mumbai, Aug. 18 -- Private sector lender Yes Bank Ltd on Tuesday, offloaded 5.18 crore shares or 8.27% equity stake in CG Power & Industrial Solutions Ltd for Rs.76 crore, via open market transactions... Read More


Indian rupee ends at one-month high against US dollar

MUMBAI, Aug. 18 -- The Indian rupee strengthened on Tuesday to close at a one-month high against the US dollar tracking firm domestic equities. The domestic currency closed at 74.76 against the US do... Read More


L&T Finance sells its remaining CG Power stake for Rs 73 crore

Mumbai, Aug. 17 -- L&T Finance Ltd on Monday divested its remaining 8.4% stake in CG Power & Industrial Solutions Ltd for Rs.73 crore, through open market transactions. The bulk deal data available w... Read More


Glenmark Pharmaceuticals gains 7% on strong June quarter performance

Mumbai, Aug. 17 -- Glenmark Pharmaceuticals jumped as much as 6.96% on Monday after the company's consolidated net profit more than doubled to Rs.254.04 crore in Q1 June 2020 from Rs.109.28 crore in Q... Read More


Eicher Motors falls 5% on weak June quarter performance

Mumbai, Aug. 14 -- Shares of Eicher Motors fell as much as 5% as the company reported a consolidated loss of Rs.55.2 crore for the quarter ended June against a profit of Rs.451.8 crore in the correspo... Read More


Tata Power gains 9% after strong Q1 performance

MUMBAI, Aug. 13 -- Shares of Tata Power jumped 8.8% after the company reported a 10.3% year-on-year rise in its June quarter consolidated net profit to Rs.268.10 crore. At 1225 pm, the stock traded a... Read More