India News
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Shares of Zee Entertainment Enterprises (ZEEL) were under pressure for the second straight day on Wednesday. The stock fell 7 per cent to Rs 229 on the BSE amid media report that the corporate affairs ministry has ordered an inspection of the financials of the company. The stock of broadcasting & cable TV operator has fallen 11 per cent in the past two trading days.
According to a Moneycontrol report, the ministry has ordered an inspection of financials of ZEEL following allegations of corporate governance lapses and after some independent directors quit recently.
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Shares of Bharti Airtel hit an all-time high of Rs 529, up 2 per cent on the BSE on Wednesday after the telecom operator posted an 8.5 per cent year-on-year (YoY) increase in revenue for the quarter ended December 31, 2019 (Q3FY20), lifted by an improvement in average revenue per user (ARPU). The stock surpassed its previous high of Rs 527.39, touched on October 10, 2007.
The company’s revenue increased by 8.5 per cent YoY to Rs 21,947 crore in Q3FY20, compared to Rs 20,231 crore in the year-ago period. On the operational front, the company posted an improvement in ARPU from Rs 128 to Rs 135, sequentially.
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Malaysia said on Tuesday that India's move to cut back on palm oil purchases from the Southeast Asian nation is temporary and will be resolved amicably between the two nations.
Last month, India restricted imports of refined palm oil and asked importers to avoid purchases from Malaysia after its criticism of India's actions in Kashmir and a new citizenship law.
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Bajaj Auto on Tuesday reported 3.1 cent decline in total sales at 3,94,473 units in January.
The firm had sold a total of 4,07,150 units in January 2019, Bajaj Auto said in a statement.
Total domestic sales were down 16.6 per cent at 1,92,872 units as compared to 2,31,461 units in the year-ago month, it added.
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Shares of Thyrocare Technologies surged 14 per cent to Rs 689 on the BSE on Tuesday after the company reported a strong operational performance with consolidated earnings before interest, tax, depreciation and amortisation (Ebitda) expanding by 300 basis points in the December quarter (Q3FY20).
The stock of the healthcare services company was quoting at its 52-week high level. Besides, it has zoomed 28 per cent in the past two trading days, as compared to a 2 per cent rise in the S&P BSE Sensex.
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The Pinarayi Vijayan-led Kerala government on Monday declared the Novel Coronavirus (nCoV) epidemic as a state calamity, hours after India reported its third confirmed case of coronavirus infection on this day, once again from Kerala.
Kerala's Health Minister KK Shailaja told news agencies that the decision to declare the epidemic as a state calamity was taken under the directions of Chief Minister Pinarayi Vijayan, who has instructed that all necessary steps be taken to ensure that the outbreak is effectively controlled.
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Home Minister Amit Shah on Monday said that the coming Delhi Assembly elections will be a battle between two ideologies.
Your vote to the BJP will ensure security and development for Delhi as well as the country. This election is between two ideologies. At one side there is Rahul Gandhi and Kejriwal who say we are with Shaheen Bagh, he said at a rally in Chirag Delhi.
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Shares of Punjab National Bank rose up to 2.7 per cent to Rs 58.9 on the BSE on Tuesday ahead of its December quarter (Q3FY20) results due later today. Besides, the bank’s Board yesterday approved raising funds through issuance of bonds.
Board of the Bank in its meeting held on February 3, 2020 has granted permission for raising funds through issuance of Basel-III compliant Tier-II Bonds amounting up to Rs 1,000 crore in one or more tranches, the bank said in a regulatory filing.
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Shares of Manappuram Finance slipped 6 per cent to Rs 174 on the BSE in the early morning deal on Tuesday after nearly 5 per cent of total equity of gold finance company changed hands via block deals.
At 09:15 am, around 43.05 million shares of Manappuram Finance have changed hands via block deals on the BSE, the exchange data shows. The name of the buyers and sellers were not ascertained immediately.
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Tata Consultancy Services (TCS) gained over 1.5 per cent on Tuesday after the company said it has bagged a $1.5 billion (about Rs 10,650 crore) contract from pharma company Walgreens Boots Alliance, spread over a period of 10 years. Under the contract, TCS will provide managed services including application maintenance and support, required infrastructure and security operations.
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