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FIIs sell Rs 9038.58 Cr in local equities

Foreign Institutional Investors (FIIs) were net sellers of local stocks today




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FIIs sell Rs 8148.12 Cr in local equities

Foreign Institutional Investors (FIIs) were net sellers of local stocks today




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FIIs equity sales stand at Rs 8238.01 Cr today

Foreign Institutional Investors (FIIs) were net sellers of local stocks today




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FIIs sell Rs 5853.07 Cr in local equities

Foreign Institutional Investors (FIIs) were net sellers of local stocks today




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RBI Announces Rs 50,000 Crore Special Liquidity Facility for Mutual Funds

Heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom. The stress is, however, confined to the high-risk debt MF segment at this stage; the larger industry remains liquid. The RBI has stated that it remains vigilant and will take whatever steps are necessary to mitigate the economic impact of COVID-19 and preserve financial stability. With a view to easing liquidity pressures on MFs, it has been decided to open a special liquidity facility for mutual funds of Rs 50,000 crore.




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RBI Announces Rs 50,000 crore Special Liquidity Facility for Mutual Funds (SLF-MF)

Reserve Bank will review the timeline and amount, depending upon market conditions




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India's Gold Demand Tanks 36% In March Quarter

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Reserve Bank Extends Regulatory Benefits Under Special Liquidity Facility For Mutual Funds

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5Paisa Capital reports consolidated net loss of Rs 1.70 crore in the March 2020 quarter

Sales rise 69.34% to Rs 35.41 crore




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Gillette India standalone net profit declines 40.31% in the March 2020 quarter

Sales decline 12.66% to Rs 406.57 crore




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Cyient consolidated net profit declines 74.41% in the March 2020 quarter

Sales decline 7.68% to Rs 1073.60 crore




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Vista Equity Partners to invest Rs 11,367 crore into Jio Platform

Vista is a leading global investment firm focused on empowering and growing enterprise software, data and technology enabled companies that are reinventing industries and catalyzing change. Vista has more than $57 billion in cumulative capital commitments and its global network of companies collectively represent the 5th largest enterprise software company in the world.




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Hexaware Technologies launches KareRing, a cloud based quarantine zone management solution

KareRing adheres to standards like data encryption. Advanced tracking technology increases accuracy by using other sensory data. The app leverages AI-powered global identity verification to authenticate users' identity before onboarding them and uses data analytics and intelligence techniques to visualize user data. An inbuilt, WHO-compliant bot is used for user self-health assessment. The app has also an added functionality for healthcare organizations to evaluate the efficacy of the vaccine under trial.




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Procter & Gamble Hygiene and Health Care standalone net profit rises 1.10% in the March 2020 quarter

Sales decline 6.19% to Rs 656.05 crore




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Western Transmission Gujarat standalone net profit declines 13.48% in the March 2020 quarter

Sales rise 27.54% to Rs 13.20 crore




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R Systems International consolidated net profit declines 23.02% in the March 2020 quarter

Sales rise 6.60% to Rs 209.26 crore




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Adani Gas consolidated net profit rises 60.28% in the March 2020 quarter

Sales decline 0.77% to Rs 462.25 crore




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SBI Card & Payment Services standalone net profit declines 66.41% in the March 2020 quarter

For the full year, net profit rose 43.91% to Rs 1244.82 crore in the year ended March 2020 as against Rs 864.97 crore during the previous year ended March 2019




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TCI Express standalone net profit declines 12.56% in the March 2020 quarter

Sales decline 10.50% to Rs 237.94 crore




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Shree Cement consolidated net profit rises 57.60% in the March 2020 quarter

Sales decline 2.13% to Rs 3415.14 crore




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Reliance Power reports standalone net loss of Rs 264.94 crore in the March 2020 quarter

Sales decline 2.72% to Rs 6.09 crore




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Reliance Home Finance reports standalone net loss of Rs 238.37 crore in the March 2020 quarter

Sales decline 53.40% to Rs 276.85 crore




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Uttam Galva Steels reports consolidated net loss of Rs 536.04 crore in the March 2020 quarter

Sales decline 57.18% to Rs 118.66 crore




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Reliance Power reports consolidated net loss of Rs 4206.38 crore in the March 2020 quarter

Sales rise 13.39% to Rs 1798.05 crore




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Swaraj Engines standalone net profit declines 4.86% in the March 2020 quarter

Sales decline 8.53% to Rs 175.13 crore




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Reliance Capital reports consolidated net loss of Rs 2124.00 crore in the March 2020 quarter

Sales decline 33.91% to Rs 3580.00 crore




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Reliance Infrastructure reports consolidated net loss of Rs 153.84 crore in the March 2020 quarter

Sales decline 9.01% to Rs 3625.86 crore




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Jayalalithaa breaks the jinx: Five top victory quotes

She said she has no other interest in life than working for the people of Tamil Nadu




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Pre-budget media quarantine in FinMin to start from Jan 4

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




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Cyient tumbles after weak Q4 numbers

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.




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Gillette India skids after Q3 PAT tumbles 40% YoY

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.




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ICICI Securities firms up after Q4 PAT rises 28% to Rs 156 cr

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.




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Procter & Gamble Hygiene inches higher after muted Q3 performance

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.




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Adani Gas gains after Q4 PAT jumps 60% to Rs 121.41 cr

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.




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Quick Wrap: Nifty Pharma Index rises 2.13%

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SBI Card Q4 PAT tumbles 66% on Covid-19 provisions

SBI Card's net profit jumped 43.9% to Rs 1244.82 crore on a 33.8% rise in total income to Rs 9752.29 crore in the year ended March 2020 (FY20) over the year ended March 2019 (FY19)




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Mahindra Holidays & Resorts India reports consolidated net loss of Rs 164.57 crore in the March 2020 quarter

Sales decline 2.83% to Rs 616.61 crore




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Adani Transmission consolidated net profit declines 35.72% in the March 2020 quarter

Sales rise 25.20% to Rs 3186.96 crore




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ICICI Bank consolidated net profit rises 6.92% in the March 2020 quarter

Total Operating Income rise 11.47% to Rs 21740.68 crore




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Avantel standalone net profit rises 27.55% in the March 2020 quarter

Sales rise 49.79% to Rs 21.69 crore




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HDFC Asset Management Company standalone net profit declines 9.54% in the March 2020 quarter

Sales decline 2.13% to Rs 476.13 crore




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CA Harbor Investments to acquire a majority stake in SeQuent

Transaction expected to close in Q3 2020




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Swaraj Engines' Q4 PAT falls 4.9% to 15.84 cr

Swaraj Engines' net profit fell 4.9% to Rs 15.84 crore on a 8.5% decline in net sales to Rs 175.13 crore in Q4 March 2020 over Q4 March 2019.




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Shree Cement Q4 PAT jumps 58% YoY to Rs 535 cr

On a consolidated basis, Shree Cement's net profit jumped 57.6% to Rs 535.93 crore on 2.1% decline in net sales to Rs 3,415.14 crore in Q4 March 2020 over Q4 March 2019.




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Carlyle Group to buy 74% stake in SeQuent Scientific

The US-based private equity investor will buy shares at Rs 86 each and the transaction is expected to close in the third quarter of 2020.




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Adani Transmission Q4 PAT slumps 60% YoY to Rs 59 cr

Adani Transmission's consolidated net profit dropped 60% to Rs 59 crore on a 3% decline in operational revenue to Rs 2220 crore in Q4 March 2020 over Q4 March 2019.




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ICICI Bank Q4 PAT rises 26% to Rs 1221 cr

ICICI Bank on Saturday (9 May 2020) said its net profit rose 26.04% to Rs 1,221.36 crore on 12.09% rise in total income to Rs 23,443.66 crore in Q4 March 2020 over Q4 March 2019.




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Nadal: Djokovic will need vaccine if required by the tour

Rafael Nadal says Novak Djokovic will need to be vaccinated to keep playing if the governing bodies of tennis make coronavirus shots obligatory once they become available. Nadal told the Spanish newspaper La Voz de Galicia this week that Djokovic and all players will have to follow the rules when tennis eventually returns to action. Nadal said no one can be forced to take the vaccine and everyone should be free to make their choices, but all players will have to comply if tennis officials require vaccination to travel and to protect everyone on the tour. Then Djokovic will have to be vaccinated if he wants to keep playing tennis at the top level, Nadal said. The same for me. Everyone will have to follow the rules, just like now we have to stay at home. Djokovic recently said he was against taking a vaccine for the coronavirus even if it became mandatory to travel. He later said he was open to changing his mind. If the ATP or the International Tennis Federation obligates us to take the




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The Equalizer', Silence of the Lambs' TV reboots greenlit at CBS

CBS network has given straight-to-season orders to TV spin-offs based on movies The Equalizer and Silence of the Lambs. The Silence of the Lambs series, titled Clarice, features Pretty Little Liars actor Rebecca Breeds as FBI agent Clarice Starling, the character portrayed by Jodie Foster and later Julianne Moore on the big screen. In The Equalizer reboot, Queen Latifah will play the role of a retired special-ops agent, the part previously essayed on TV and film by Edward Woodward and Denzel Washington. Chris Noth, Lorraine Toussaint, Tory Kittles, Liza Lapira, and Laya DeLeon Hayes also star. According to Entertainment Weekly, CBS also greenlit to series a new comedy from Chuck Lorre along with Marco Pennette titled B Positive. The network is planning to premiere the shows sometime later this year or in 2021.




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UK plans 14-day compulsory quarantine for all airport arrivals

The UK is planning to bring in compulsory 14-day quarantine for all travellers arriving in the country from any part of the world, except the Republic of Ireland, as part of measures to track the spread of coronavirus, according to UK media reports. The new restriction, which means travellers including Britons arriving in the UK would have to self-isolate at a private residence and fined up to 1,000 pounds or deported for flouting the rules, is expected to take effect at the end of this month. According to The Times', the quarantine will form part of the announcements when British Prime Minister Boris Johnson makes a televised address to the nation on Sunday in relation to the COVID-19 lockdown. He has vowed to move with maximum caution as he reopens the economy by lifting some of the social distancing measures and stay-at-home orders next week, enabling people to exercise more than once a day and visit garden centres. These measures will help protect the British public and reduce the