Sonowal to take oath in Assam on Sunday, Mamata in West Bengal on May 27

DMDK's vote share plummeted to 2.4% in the 2016 Assembly polls from 7.88% in 2011, even as the party failed to return a single legislator

This is for the first time since MGR's death in 1987 that a party will return to power for a second straight term in Tamil Nadu

She is likely to be sworn in as chief minister for a second consecutive term on May 23

AIADMK Supremo hands over a list of 29 legislators who will be appointed as the ministers

28 others, including her trusted lieutenant and Finance Minister in outgoing Cabinet O Panneerselvam, to also take oath

AIADMK chief becomes Tamil Nadu CM for the sixth time

Kerala's ministers had least average assets and the state also had least number of crorepati ministers

It usually only takes such a harsh step when there is evidence that muscle power has been used

Officials said a better indicator of productive and general expenditure will be replacing the plan and non-plan distiction that has lost relevance post Planning Commission abolition

The government had in September scrapped the 92-year old practice of presenting a separate railway budget

From the next financial year, the railways will not have to pay any dividend, which will save the carrier approximately Rs 10,000 cr

They have decided that by 2019 all its accounting will move to accrual system

The ministry plans to achieve this target by doubling the current pace of electrification

But rail officials expect to achieve at least last year's actual, which is close to Rs 1 lakh crore

26% bridges are over 100-year old, 5% crossed 140 years

The investors are looking for a safety fund for Railways

Government will continue to use the ETF route for disinvestment of PSUs

Railway authorities termed listing of these companies as a 'shocker'

Prabhu spoke about priority being given to safety and need for more funds for railways to move ahead

Centre to launch ambitious job scheme on Swami Vivekananda's birth anniversary

Finance Minister Arun Jaitley in his second budget is likely to focus on steps to accelerate economic growth

Real annual GDP accelerated in Jul-Sept to 7.4% from 7%. But, growth of nominal GDP slowed sharply to 6%

South India constitutes nearly 60% of India's plantation sector

Wants patient treatment, which is currently exempt from service tax, to continue to enjoy this sop under GST for 10 years

Minister says UDAY scheme will itself help save Rs 1.8 lakh crore annually within next three years

Apart from duty safeguards, industry also seeks year-long moratorium on payment of interest and principle

Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets

Bahl's company has been in the middle of some firefighting over reports on how there are efforts to downsize as cash is depleting

Cyient skid 7.32% to Rs 214.75 after consolidated net profit slumped 58.26% to Rs 45.20 crore on a 2.92% decline in net sales to Rs 1,073.60 crore in Q4 March 2020 over Q3 December 2019.

Dr. Reddy's Laboratories jumped 4.84% to Rs 4020 after the company said its manufacturing plant at Srikakulam in Andhra Pradesh received the Establishment Inspection Report (EIR) from US drug regulator.

The domestic equity barometers traded near the day's high in morning trade. The Nifty was trading above the 9300 mark. Buying in index major Reliance Industries (RIL) pushed the benchmarks higher. At 10:29 IST, the barometer index, the S&P BSE Sensex, was up 441.29 points or 1.40% at 31,884.67. The Nifty 50 index rose 122.10 points or 1.33% at 9,321.15.

Gillette India fell 1.13% to Rs 4,934.50 after net profit slumped 40.31% to Rs 52.38 crore on a 12.66% drop in net sales to Rs 406.57 crore in Q3 March 2020 over Q3 March 2019.

Biocon gained 1.82% to Rs 356 after the company said it received establishment inspection report (EIR) for small molecules API manufacturing facility in Bengaluru.

Cadila Healthcare gains 0.11% to Rs 321.95 after the company said it received final approval from US drug regulator for Deferasirox tablets for oral suspension.

Key benchmarks extended gains in mid-morning trade. The Nifty was trading above the 9300 mark. At 11:28 IST, the barometer index, the S&P BSE Sensex, was up 494.49 points or 1.57% at 31,937.87. The Nifty 50 index rose 137.15 points or 1.49% at 9,336.20.

ICICI Securities jumped 3% to Rs 388.30 after consolidated net profit rose 28.3% to Rs 155.88 crore on a 12.5% rise in total income to Rs 481.94 crore in Q4 March 2020 over Q4 March 2019.

NLC India fell 0.46% to Rs 43.70 after the company said eight workers were injured in a fire accident at the TS II power plant in Neyveli, Tamil Nadu.

The benchmark indices pared gains in early afternoon trade as profit booking emerged at higher levels. The Nifty held above the 9300 mark. At 12:29 IST, the barometer index, the S&P BSE Sensex, was up 397.91 points or 1.27% at 31,841.29. The Nifty 50 index rose 106.05 points or 1.15% at 9,305.10.

IndusInd Bank Ltd is quoting at Rs 461.45, up 1.56% on the day as on 12:54 IST on the NSE. The stock is down 68.75% in last one year as compared to a 17.57% slide in NIFTY and a 31.78% slide in the Nifty Bank index.

HDFC Life Insurance Company Ltd is quoting at Rs 519.65, up 5.08% on the day as on 12:54 IST on the NSE. The stock is up 26.88% in last one year as compared to a 17.57% slide in NIFTY and a 20.42% slide in the Nifty Financial Services index.

At 13:30 IST, the barometer index, the S&P BSE Sensex, was up 433.52 points or 1.38% at 31,876.29. The Nifty 50 index rose 120 points or 1.3% at 9,319.05

Procter & Gamble Hygiene & Health Care rose 0.27% to Rs 10190.15 after net profit rose 1.1% to Rs 91.10 crore on 6.2% decline in net sales to Rs 656.05 crore in Q3 March 2020 over Q3 March 2019.

Laurus Labs slumped 8.86% to Rs 445.50 on the BSE.

In the broader market, the S&P BSE Mid-Cap index was up 0.22% while the S&P BSE Small-Cap index down 0.1%.

Healthcare Global Enterprises Ltd, Ganges Securities Ltd, Pritish Nandy Communications Ltd and The Byke Hospitality Ltd are among the other losers in the BSE's 'B' group today, 08 May 2020.

Laurus Labs Ltd, RBL Bank Ltd, Bandhan Bank Ltd and Torrent Power Ltd are among the other losers in the BSE's 'A' group today, 08 May 2020.

Adani Gas rose 3.55% to Rs 107.85 after standalone net profit surged 61% to Rs 122 crore on 1% fall in revenue from operations to Rs 490 crore in Q4 March 2020 over Q4 March 2019.

As per provisional closing, the barometer S&P BSE Sensex gained 199.32 points or 0.63% at 31,642.70. The Nifty 50 index gained 51.55 points or 0.56% at 9,250.60.

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