Wage Strike Hit Muthoot Finance; Stock Falls

Muthoot Finance Limited of the Muthoot Group, located in ‘The God’s own Country’, Kerala, has been grappling by employees strike for a week demanding revision of wages. As per Deccan Chronicle report, about 450 employees belonging to the CITU out of 3000 employees of the company in the state have...

Federal Bank Net Profit Recorded At 46pc Increase

Private sector Federal Bank Ltd’s first quarterly FY20 net profit up 46pc to Rs 384.21-crore for prime quarter of the current FY, since bad loans eased. The bank’s net profit in the matching 3-months to June in 2018-19 scaled at Rs262.71-Cr. The bank’s total boosted to Rs.3620.82-Cr for the quarter,...

Sensex, Nifty Up, PSU Bank Rises On Govt Recap Plan

Market frontline indices started Thursday’s trade with positive gains led by strong global cues. The BSE benchmark Sensex is up 104 points at 39943-levels, and the Nifty up 35.50 points at 11952-levesl at 10.45am. Markets ahead will be optimist, as the new Finance Minister Nirmala Sitharaman presents her first the...

Sensex gained enormously at 900 points after exit poll forcast

Indian Stock benchmark indices surged high in the opening trade to an extent upto 900 points following exit poll forecast. Majority of the exit-polls have predicted a clear majority for the ruling NDA govt. At around 9.55am, the Sensex was seen trading at 38,725 points, up near 800 points, while...

Nestle share price up after results, CITI maintains BUY rating

Shares of Nestle India touched an intraday high level at Rs.10,509 per share about 3pc higher during mid-morning trade on NSE on Wednesday, after the company reported a 9.25pc rise in profit at Rs.463.28crore for the quarter ended March 31, 2019. Total Sales rose by 9pc, Indian Sales increased by...

Nifty, Sensex slump, YesBank, Hero MotoCorp were among major losers

Equity benchmark indices started Tuesday’s session on a weak note dragged by Yes Bank with its shares falling over 27pc after the Bank reported a quarterly net loss. At 11.00 am, the Sensex of the BSE traded over 202points lower at 38,865-levels and the NSE Nifty was down 64points at...