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The government has approved the privatisation of Ferro Scrap Nigam Ltd (FSNL) to Japanese company Konoike Transport Co Ltd for Rs 320 crore. FSNL, a subsidiary of MSTC Ltd under the Steel Ministry, received two bids, with Konoike's being the highest. The sale includes 100 per cent equity shareholding and management control transfer.

The Economic Times

Govt approves sale of FSNL to Japan's Konoike Transport Co for Rs 320 cr

The government has approved the privatisation of Ferro Scrap Nigam Ltd (FSNL) to Japanese company Konoike Transport Co Ltd for Rs 320 crore. FSNL, a subsidiary of MSTC Ltd under the Steel Ministry, received two bids, with Konoike's being the highest. The sale includes 100 per cent equity shareholding and management control transfer.

Logistics

Steel

Transport

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Thu, Sep 19, 2024

Stocks News

Suzlon Energy excluded from Stage 1 Additional Surveillance Measure framework

The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earnings ratio.

SUZLON

Cola price war intensifies with Reliance's Campa expansion

Reliance Consumer Products is intensifying competition in the Indian soft drinks market by expanding its Campa range at half the price of Coca-Cola and PepsiCo brands. This move has prompted Coca-Cola and PepsiCo to increase promotions, though they have not yet reduced prices. The festive season could see further developments in this cola price war.

RELIANCE

SC rejects telecom firms' pleas on AGR case, Vodafone Idea stocks tank

Failure of last legal recourse by telcos to hit Vi the hardest despite the firm paying back Rs 7,900 crore

IDEA

Indus Towers clarifies on share price drop following Supreme Court's AGR plea dismissal

On Thursday (September 19), shares of Indus Towers plunged 8.86% to ₹389.65, with an intra-day low of ₹366.30, a 14.32% drop.

INDUSTOWER

Thomas Cook opens new franchise outlet in Chromepet, Chennai

THOMASCOOK

VCs happy with returns as early backers offload 10% stake in Honasa Consumer: Varun Alagh

According to the bulk deal data available on the National Stock Exchange (NSE), Peak XV Partners sold a 3.81% stake in Honasa Consumer and Fireside Ventures offloaded a 2.03% stake in the company.

HONASA

Uno Minda plans new facilities in Indonesia and India

Uno Minda has been a significant player in the Indonesian market since 2005, when it established its first manufacturing facility. PTMA currently supplies components and systems to major two-wheeler OEMs in the country. The new plant will enable Uno Minda to diversify its product offerings and cater to the growing demand for passenger car components. Once the new plant is commissioned, the existing plant will also be relocated to the new site to consolidate operations and achieve economies of scale. The total capital expenditure for the new plant is estimated at Rs 210 crore.

UNOMINDA

MINDACORP

TOTAL

Gainers & Losers: NTPC, Aavas Financiers among 6 stocks in action on Thursday

Indian headline indices reached record highs on Thursday, with the Nifty surpassing 25,000 and closing at 83,184.80, while the Sensex ended at 25,415.80, driven by HDFC Bank.

Stock market update: FMCG stocks down as market rises

The 30-share BSE Sensex closed up 236.57 points at 83184.8

BSE

Motisons Jewellers board OKs 1:10 stock split proposal

Motisons Jewellers said that its board had approved a proposal to split one equity share of the company having face value of Rs 10 each into ten equity shares with a face value of Re 1 each.

MOTISONS

Bharti Airtel becomes 4th Indian company to achieve ₹10 lakh crore in market capitalisation

The stock of Bharti Airtel rallied more than 3% in Thursday’s trade, taking the year-to-date gains to 62%. In comparison, the benchmark Nifty has gained 17% during the same period.

BHARTIARTL

Top Gainers and Losers today on 19 September, 2024: NTPC, Kotak Mahindra Bank, Bharat Petroleum Corporation, Coal India among most active stocks; Check full list here

Top Gainers and Losers Today : The Sensex gained 236.57 points, or 0.29, to settle at 82948.23, while the Nifty gained 38.25 points, or 0.15, to close at 25377.55.

Siemens Ltd receives nod for energy business demerger; stock trades flat

Siemens Ltd to transfer demerged energy business to wholly-owned subsidiary

SIEMENS

ICICI Bank, Bharti Airtel, NTPC—Over 240 shares jump to 1-year peaks; Sensex, Nifty 50 hit record highs

Stocks at record high: As many as 241 stocks, including ICICI Bank, Bharti Airtel, NTPC and Britannia Industries, hit their fresh 52-week highs in intraday trade on BSE on Thursday, September 19.

Unique Picks: Stocks held by only one MF scheme in August, rally upto 280% in CY24

ETMarkets' latest mutual fund analysis explores stocks held by just one scheme. As of August 2024, we identified 157 of these stocks. To refine our focus, we concentrated on those with a mutual fund market value exceeding ₹20 crore and a share price increase of over 20% in calendar year 2024 to date.

FOCUS

Lokesh Machines to make heavy machine guns; stock plummets

Lokesh Machines secures manufacturing licence for 12.7-30 mm calibre guns

LOKESHMACH

Stock Split: Motisons Jewellers, after a 50% surge in a month, will divide its shares

Record date for the stock split has been fixed as Saturday, November 9, 2024.

MOTISONS

Veeram Securities Ltd leads losers in 'B' group

P N Gadgil Jewellers Ltd, Ecos (India) Mobility & Hospitality Ltd, Kriti Industries (India) Ltd and PTC India Ltd are among the other losers in the BSE's 'B' group today, 19 September 2024.

‘Most enduring gift to humankind’: Anand Mahindra excited about Elon Musk-owned Neuralink's ‘Blindsight’ device

Indian business tycoon Anand Mahindra has expressed his excitement about Elon Musk's Neuralink company and its potential to revolutionise vision restoration.

M&M

NTPC Green Energy files DRHP for proposed IPO of Rs 10,000 cr

NTPC Green Energy (NGEL), a subsidiary of NTPC, has filed a draft red herring prospectus (DRHP) dated 18 September, 2024, with the Securities and Exchange Board of India, BSE and National Stock Exchange of India in respect of its proposed initial public offer (IPO) of equity shares, subject to receipt of requisite approvals, market conditions and other considerations.

NTPC

BSE

Is there a way out for Vodafone Idea after mounting AGR woes? Balaji Subramanian explains

If you add the spectrum payouts also, the number goes up to a much higher number. So, the company has given these numbers. It would be around Rs 27,000-28,000 crores in FY26. And from FY27 onwards, it would be around Rs 41,000-42,000 crores. So, these are pretty big numbers. And a favourable outcome would have reduced these numbers by around Rs 8,000 crores.

IDEA

SPECTRUM

REC shares drop 4.81% as Sensex rises

A total of 494,040 shares changed hands on the counter till 01:59PM (IST)

RECLTD

TOTAL

BEL shares fall 4.56% as Nifty gains

The stock quoted a 52-week high price of Rs 340.35 and a 52-week low of Rs 127.0.

BEL

Mphasis shares drop 1.48% as Sensex rises

A total of 46,823 shares changed hands on the counter till 01:49PM (IST)

MPHASIS

TOTAL

VCs happy with returns as early backers offload 10% stake in Honasa Consumer: Varun Alagh

According to the bulk deal data available on the National Stock Exchange (NSE), Peak XV Partners sold a 3.81% stake in Honasa Consumer and Fireside Ventures offloaded a 2.03% stake in the company.

HONASA

GAIL shares down 3.69% as Sensex rises

A total of 296,738 shares changed hands on the counter till 01:34PM (IST)

GAIL

TOTAL

Bandhan Bank shares drop 1.54% as Sensex rises

A total of 384,097 shares changed hands on the counter till 01:28PM (IST)

BANDHANBNK

TOTAL

2 top stock recommendations from Rahul Sharma

So, if you speak of macro, we may get into a broad consolidation of 1,000 points where 25,500, 25,600 is the upper end of the spectrum and on the lower side we may head towards 24,500 mark.

SPECTRUM

Share price of Marico rises as Nifty strengthens

A total of 26,347 shares changed hands on the counter till 01:24PM (IST).

MARICO

TOTAL

Video on demand category generated $1.04 billion in revenues during H1 2024

The premium video-on-demand market in India saw a significant rise in the first half of 2024, generating $1.04 billion in revenues. Local content, especially live sports and dramas, drove engagement. Jio Cinema, Netflix, and Disney+ Hotstar led the revenue charts, with cricket events like IPL and ICC World Cup boosting viewership.

IPL

Bharat Forge shares fall 0.74% as Nifty gains

A total of 15,434 shares changed hands on the counter till time (IST).

BHARATFORG

TOTAL

Havells India shares up 0.02% as Nifty gains

A total of 16,842 shares changed hands on the counter till 01:13PM (IST).

HAVELLS

TOTAL

ONGC share price: 5 key reasons why Jefferies expects more than 40% upside for the stock after 15% correction in a month

Stock Market Today: ONGC share price has corrected more than 15% in i month. While declining crude price in sentimentally negative, the removal of windfall tax may be a key positive. Here are 5 key reasons why Jefferies expects more than 40% upside for the stock

ONGC

Ashok Leyland shares rise 0.52% as Nifty gains

The stock quoted a 52-week high price of Rs 264.7 and a 52-week low of Rs 157.65.

ASHOKLEY

VIP Industries distances itself from controversial video; stocks trade flat

VIP Industries rejects ‘false and divisive content in fake ad’

VIPIND

SC rejects telecom firms' pleas in AGR case; Vi shares plunge 10%

The rejection of the final legal remedy leaves Vodafone Idea with limited options, worsening its financial struggles amid fierce competition and heavy debt

IDEA

SRF shares decline 0.04% as Sensex climbs

A total of 42,545 shares changed hands on the counter till 12:42PM (IST)

SRF

TOTAL

Indus Towers shares fall 13% after SC rejects re-computation in AGR case

Indus Towers Share Price: Indus Towers' shares dropped 10% to their day's low of Rs 366.30 on the BSE after the Supreme Court upheld its ruling on the Adjusted Gross Revenue (AGR) case, rejecting telecom companies' requests for a re-computation and affirming the full AGR demand.

INDUSTOWER

BSE

Colgate-Palmolive shares drop 0.35% as Sensex rises

A total of 1,411 shares changed hands on the counter till 12:38PM (IST)

COLPAL

TOTAL

Ambuja Cements shares drop 3.04% as Sensex rises

On the technical charts, the RSI of the stock stood at 33.8.

AMBUJACEM

Pidilite Ind shares gain 0.04% as Sensex rises

A total of 1,404 shares changed hands on the counter till 12:06PM (IST)

TOTAL

Companies News Today Live Updates on September 19, 2024: 'Aap bhi ab...': Shark Tank's Anupam Mittal reacts to Indigo CEO Pieter Elbers' comment on living in India

Companies News Today Live Updates: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

INDIGO

MITTAL

Vodafone Idea shares tank 10% after SC rejects AGR plea; Airtel pares gains

Vodafone Idea share price plunged 10 per cent to Rs 11.61 per share on the National Stock Exchange (NSE) on Thursday

IDEA

Tilaknagar Industries invests ₹8 cr in cocktail mixer brand Bartisans; stock leaps

Combination of primary investment and secondary acquisition for 36.17 per cent stake

Vedanta shares decline 2.34% as Sensex climbs

A total of 134,459 shares changed hands on the counter till 11:47AM (IST)

VEDL

TOTAL

Cummins India shares fall 2.87% as Nifty gains

The stock quoted a 52-week high price of Rs 4169.5 and a 52-week low of Rs 1590.3.

CUMMINSIND

DCX Systems bags Rs 155-cr order from Israeli defence co; stock rises 5%

DCX Systems received export orders worth Rs 154.8 crore from Elta Systems

DCXINDIA

WORTH

Hemang Jani on 3 liquor stocks to bet on for long term

So, on an overall basis, very positive outlook on the spirits companies per se. I think United Spirits, Radico Khaitan, United Breweries, all should be part of the long-term investment portfolio.

Crompton Greaves shares down 0.15% as Nifty gains

A total of 8,901 shares changed hands on the counter till 11:36AM (IST).

CROMPTON

TOTAL

DLF shares down 1.44% as Nifty gains

A total of 27,920 shares changed hands on the counter till 11:26AM (IST).

DLF

TOTAL