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Happiest Minds Valuations Expensive, Investors Should Wait, Book Profit: Analysts
Written by Abhishek Vasudev | Friday September 18, 2020Happiest Minds outperformed IRCTC and DMart, which had delivered returns of just a little over 100 per cent on debut. -
Sensex, Nifty Off Day's Highs; Pharma Shares Outperform, Banks Subdued
Edited by Abhishek Vasudev | Friday September 18, 2020Eight of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Pharma index's over 5 per cent gain. -
Rupee Rises By 33 Paise To 73.33 Against Dollar
Press Trust of India | Friday September 18, 2020, MumbaiOn Thursday, the rupee had depreciated by 14 paise to end at 73.66 against the US dollar. -
Pharma Stocks Lift Sensex, Nifty As Dr Reddy's Hits Record High
Reuters | Friday September 18, 2020, BengaluruThe pharmaceutical firm hit an all-time high and was the top boost to the Nifty 50 as it settled a patent litigation with Bristol-Myers Squibb Co over the cancer treatment Revlimid. -
Indian-Origin Ex-JPMorgan Trader Gets 8 Months' Jail For Currency Rigging
Chris Dolmetsch, Bloomberg | Friday September 18, 2020Akshay Aiyer had asked the judge to sentence him to a term of probation with a period of home confinement. -
Dr Reddy's Soars To Record High After Drug Maker Settles Patent Litigation In US
Edited by Sandeep Singh | Friday September 18, 2020The Nifty Pharma index - which captures the performance of 10 drug makers in the country, including Dr Reddy's, Lupin, Cipla and Sun Pharma - jumped as much as 3.66 per cent. -
Sensex Rises Over 200 Points, Nifty Crosses 11,550; Pharma Stocks Jump
Edited by Sandeep Singh (with inputs from agencies) | Friday September 18, 2020In contrast to the US central bank, the Bank of England made clear overnight that it is open to further aggressive easing and is looking closely at taking interest rates negative. -
Sensex, Nifty Likely To Open Higher Today
Edited by Sandeep Singh (with inputs from agencies) | Friday September 18, 2020On Thursday, the S&P BSE Sensex index had dropped 323.00 points - or 0.82 per cent - to end at 38,979.85. -
Gold, Silver Price Today: Domestic Gold Futures Tank Over 1% to Rs 51,250, Silver Holds Rs 66,900
Edited by Sandeep Singh (with inputs from agencies) | Friday September 18, 2020Gold And Silver Prices Today: Multi Commodity Exchange (MCX) gold futures fell 1.10 per cent whereas silver futures tumbled 2.71 per cent on Thursday, tracking global spot rates. -
Government Imposes Security Condition On Foreign Direct Investment In Defence
Reuters | Thursday September 17, 2020The government had allowed foreign firms to directly invest up to 74 per cent ownership in defence sector from an earlier cap of 49 per cent. -
Happiest Minds Technologies Shares Double In Strong Market Debut
Edited by Sandeep Singh | Thursday September 17, 2020The stock of Happiest Minds Technologies listed at Rs 356.8 apiece, marking a premium of 114.94 per cent compared to its issue price of Rs 166. -
Jindal Steel Expects To Produce 19% More Steel This Year As Demand Surges
Reuters | Thursday September 17, 2020The company is likely to export 2.5 million tonnes of steel in 2020/21, up from 300,000 tonnes the previous year. -
Sensex, Nifty Off Near 3-Week Peaks Amid Selling Pressure In Banks
Written by Sandeep Singh | Thursday September 17, 2020The Nifty Bank index - which tracks shares in 12 major lenders in the country - cracked 1.12 per cent, led by State Bank of India and HDFC Bank, falling 1.26 per cent and 0.75 per cent respectively. -
Supreme Court Rejects Resuming Insolvency Case Against Anil Ambani
Upmanyu Trivedi, Bloomberg | Thursday September 17, 2020A three-judge panel headed by Justice L. Nageswara Rao ruled that the bankruptcy case against the former billionaire will remain suspended. -
Automakers Should Cut Royalty Payments To Foreign Parent Firms: Report
Reuters | Thursday September 17, 2020Maruti Suzuki paid Rs 3,820 crore in royalties to Suzuki Motor in the fiscal year ending March 31, 2020, amounting to 5 per cent of its revenue.
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