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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


PE firm Westbridge Capital buys IndiGo shares worth Rs 559 cr

Mumbai, Aug. 12 -- Private equity firm Westbridge Capital on Wednesday bought a 1.41% stake in InterGlobe Aviation Ltd, which runs India's biggest airline IndiGo, for Rs.559 crore through an open mark... Read More


Mahindra Finance's Rs 3,089 cr rights issue subscribed 1.3 times

New Delhi, Aug. 12 -- The Rs3,089 crore rights issue of Mahindra & Mahindra Financial Services (Mahindra Finance) was subscribed 1.3 times on Wednesday, the final day of the share sale, the company sa... Read More


Nifty PSU Bank gains 4% on report govt may extend 'ratna' title to some lenders

Mumbai, Aug. 12 -- The Nifty PSU Bank index surged 4% on Wednesday as against a 0.24% decline in the benchmark share index. Shares of public sector banks rose 1-5% on the National Stock Exchange (NSE)... Read More