Tejas Networks rallied about 11 percent on Tuesday after the domestic telecom gear maker posted 9.2 percent increase in consolidated net profit for January-March 2019 quarter at Rs 35.89 crore on account of sales growth in international business and to local private sector players. The company's total income for the quarter ended March jumped to Rs 280 crore from Rs 112.19 crore in the corresponding quarter of the previous fiscal. READ MORE
Blackstone, one of the world’s leading investment firms, is buying 51 percent from promoters of Essel Propack Limited (EPL) for Rs 1,142 crore. Ashok Goel, VC & MD of Essel Propack, spoke to CNBC-TV18 about the deal. According to Goel, the deal would take 2-4 months before it gets consummated. He also said that he was in no hurry to sell the remaining stake following the deal. Goel will retain 6 percent stake in the company and will get Rs 16 crore per year for five years as advisor of the company. READ MORE
ACC Q1 results today: Key things to watch out for
As part of the revision in February 12 circular, the Reserve Bank of India (RBI) is likely to replace the one-day default norm with a 30-days grace period to identify the early stress of borrowers, reported Business Standard.
February 12 circular which was struck down and termed ultra vires by the Supreme Court mentioned that even a single day default on the payment of the principal or the interest, or any other amount, wholly or partly, would lead the banks to classify the account as a special mention account (SMA). READ MORE
Sales of Indian junk bonds have made a big comeback in 2019, almost tripling to hit a five-year high, boosted by a risk-on rally prompted by a dovish US Federal Reserve that has given the Asia market a record start to the year. Indian companies have sold $3.7 billion in high-yield, or junk-rated, bonds so far this year, an increase of 187 percent from 2018, Refinitiv data show. The last time Indian companies sold more junk bonds was in 2014, when total volumes for the year were $4.1 billion, the data showed. READ MORE
| Company | Price | Chng | %Chng |
|---|---|---|---|
| Zee Entertain | 416.60 | +20.05 | +5.06 |
| Indiabulls Hsg | 752.85 | +18.90 | +2.58 |
| Yes Bank | 242.65 | +4.30 | +1.80 |
| Reliance | 1,367.80 | +22.45 | +1.67 |
| Sun Pharma | 461.75 | +7.25 | +1.60 |
| Yes Bank | 242.85 | +4.45 | +1.87 |
| Reliance | 1,366.50 | +21.70 | +1.61 |
| Bajaj Finance | 3,039.65 | +48.20 | +1.61 |
| Sun Pharma | 461.25 | +6.75 | +1.49 |
| ONGC | 159.85 | +2.10 | +1.33 |
| Company | Price | Chng | %Chng |
|---|---|---|---|
| GAIL | 337.95 | -6.90 | -2.00 |
| NTPC | 133.90 | -2.10 | -1.54 |
| BPCL | 336.00 | -4.10 | -1.21 |
| M&M | 666.50 | -6.90 | -1.02 |
| IOC | 148.20 | -1.55 | -1.04 |
| NTPC | 133.95 | -1.80 | -1.33 |
| Tata Steel | 529.10 | -6.20 | -1.16 |
| TCS | 2,141.60 | -22.75 | -1.05 |
| Bharti Airtel | 318.00 | -3.15 | -0.98 |
| M&M | 666.30 | -5.65 | -0.84 |
| Price | Chng | %Chng | |
|---|---|---|---|
| USD/INR | 69.73 | +0.06 | +0.09 |
| EUR/INR | 78.40 | -0.05 | -0.07 |
| GBP/INR | 90.52 | +0.04 | +0.05 |
| JPY/INR | 0.62 | +0.00 | +0.13 |
