News Overview

Amara Raja Batteries and Tata Motors were under pressure.

UltraTech Cement has executed a Share Purchase Agreement for acquiring 100% equity shares in National Limestone Company for a consideration of Rs 23 crore, subject to receipt of applicable regulatory approvals. Powered by Capital Market – Live News

Vimta Labs consolidated net profit surged 44.91% to Rs 11.68 crore on a 14.77% jump in revenue from operations to Rs 67.34 crore in Q3 FY22 over Q3 FY21.

Hero MotoCorp Ltd is quoting at Rs 2763.25, up 1.99% on the day as on 12:54 IST on the NSE. The stock is down 18.12% in last one year as compared to a 22.91% gain in NIFTY and a 10.9% gain in the Nifty Auto index.

Maruti Suzuki India Ltd is quoting at Rs 8205.9, up 2.11% on the day as on 12:54 IST on the NSE. The stock is up 1.95% in last one year as compared to a 22.91% jump in NIFTY and a 10.9% jump in the Nifty Auto index.

Persistent Systems Ltd reported 38.71% growth in total revenues for the Dec-21 quarter on consolidated basis at Rs1,491.72cr

Government of India has recently amended the Factoring Regulation Act, 2011 (“the Act”) which widens the scope of companies that can undertake factoring business. The Act permits Trade Receivables Discounting System (TReDS) to file the particulars of assignment of receivables transactions with the Central Registry on behalf of the Factors for operational efficiency. Further, the Act empowers the Reserve Bank of India to make regulations […]

Fermenta has signed a Definitive Agreement with Aurigene, a stepdown subsidiary of Dr Reddy’s Laboratories Limited.

Tata Teleservices (Maharashtra) was locked in 5% lower circuit at Rs 276.50, for eight consecutive session.

With the revenue scenario remaining tight in FY23, the government may not have too much leeway on hand. It will boil down to what best it can do.