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Cipla records sharpest fall in one year post Q2 results; stock down 8%

Cipla records sharpest fall in one year post Q2 results; stock down 8%

Shares of Cipla dipped 8% to Rs 558 on the BSE after the pharmaceutical company posted an 11% decline in its consolidated net profit at Rs 3.77 billion for the September quarter (Q2FY19). It had reported a profit of Rs 4.23 billion in the year-ago quarter. The stock recorded its sharpest intra-day fall in since November 7, 2017.

On Dhanteras, Ramdev to launch first ever Patanjali's clothing store

On Dhanteras, Ramdev to launch first ever Patanjali's clothing store

Yoga Guru Ramdev will launch 'Patanjali Paridhan' , a store with a range of apparels and accessories in the national capital today. The showroom, with more than 3000 varieties of men's, women's and kids wear. The store will open at Netaji Subhash Place on the auspicious occasion of Dhanteras.

Last day of Amazon's Diwali sale: With 80% discounts, easy EMIs and cashback offers, here's all you need to know

Last day of Amazon's Diwali sale: With 80% discounts, easy EMIs and cashback offers, here's all you need to know

Amazon India has announced Diwali sale, bringing the festivities early for online shoppers. After the Great Indian Festival Sale, Amazon India announced its Diwali sale. The sale started on Novermber 2 and will continue till November 5, i.e today.

Paytm Mall Maha Cashback sale: Rs 25,000 off on laptops and other deals you can't afford to miss

Paytm Mall Maha Cashback sale: Rs 25,000 off on laptops and other deals you can't afford to miss

Paytm Mall is back with another round of its Maha Cashback Sale, offering Indian gamers a reason to cheer ahead of the festive season. The sale went live from Novermber 1 and will be lasted till November 7. Under its Maha Cashback sale, Paytm Mall is offering up to Rs 25,000 off on bestselling Gaming laptops along with interesting bank deals and no-cost EMIs with all major banks in India.

Tata Motors 'BB' rating placed on CreditWatch negative after weak Q2 result

Tata Motors 'BB' rating placed on CreditWatch negative after weak Q2 result

Global Rating agency Standard and Poor's ( S&P) has placed its 'BB' long-term issuer credit rating on Tata Motors Ltd on CreditWatch with negative implication.

The CreditWatch listing follows Tata Motors' announcement of half-yearly results that are below our expectation. The interim results were weaker than expected, dragged down by Jaguar Land Rover, S&P said.

Axis Bank extends gain on strong Q2 results; stock surges 18% in 6 days

Axis Bank extends gain on strong Q2 results; stock surges 18% in 6 days

Shares of Axis Bank are up 4% to Rs 633, extending their previous week’s 14% rally on the BSE.

The private sector lender posted a better-than-expected 83% year-on-year (Y-o-Y) jump in its net profit at Rs 7.90 billion in the September quarter (Q2FY19), boosted by higher interest income and improvement in asset quality. Analysts on an average, expected profit of Rs 6.64 billion for the quarter.

Worst rout of sovereign bonds in 7 years may end with RBI's Rs 860 bn binge

Worst rout of sovereign bonds in 7 years may end with RBI's Rs 860 bn binge

With India’s central bank emerging as the biggest buyer of government debt, some traders are calling time on a rout that’s lasted more than a year and sent benchmark yields soaring to a four-year high.

The Reserve Bank of India bought 860 billion rupees ($11.8 billion) of bonds between May and October, and plans to inject 400 billion rupees this month to replenish liquidity drained by its currency defense and a seasonal cash crunch.

Microsoft gears up for another digital revolution with quantum computing

Microsoft gears up for another digital revolution with quantum computing

For Microsoft CEO Satya Nadella, quantum computing is among three technologies -- the other two being Artificial Intelligence (AI) and Mixed Reality -- that will soon disrupt the status quo, impacting our lives, communities and economies.

Believed to be a lot faster and more capable than the existing computing systems, quantum computing is set to herald the next wave of the digital revolution.

Sebi to introduce alternative payment mechanism for retail IPO investors

Sebi to introduce alternative payment mechanism for retail IPO investors

New Delhi: Sebi on Thursday said it will launch Unified Payments Interface as an alternative payment option for retail investors, buying shares in a public issue, in a phased manner from January 1 next year, which will cut listing time for an IPO to three days from six at present.

Sensex back above 35K

Sensex back above 35K

Smiles were back on the faces of investors on Friday as stocks joined their overseas peers in staging a spectacular rally on the back of falling crude oil prices and the easing of worries over the spat between US and China.

The 30-share BSE Sensex rose almost 580 points to end above the 35000-mark at a one-month high of 35011.65.

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