BUSINESS NEWS IN SHORTS
Maruti Suzuki Declares 125 Dividend after 48% rise in Profit in Q4
The largest automobile manufacturer in India, Maruti Suzuki India Ltd (MSIL), declared a standalone net profit of Rs 3,878 crore for the fiscal fourth quarter.
Strict RBI action May Affect Kotak Mahindra Bank in Coming Days
RBI has recently announced action on Kotak, saying these acts are required as per the concerns developed out of the Examination of Kotak Bank by
Nifty 50 Performance Today May hint at a Higher Streak Ahead
Ahead of the monthly F&O expiry planned for April 25, the Nifty 50 continued to trade erratically for an additional session. On April 24, it
Stock Update at The Day End- Nifty Started Stronger But Ended Flat
Stock Update as on 24th April : Midcap and smallcap indices in India continued to increase, although the country’s Sensex and Nifty indices flattened following
Chennai Petroleum Corp Surges to 72% in Q4: Grows 10% on Rs. 55 Dividend Declaration
https://www.facebook.com/ChennaiPetroleumCorporationLtd/Image Source Chennai Petroleum Corp News- After the business announced a 72 percent sequential increase in profit for the quarter ended March 31 and a
Mahindra Logistics report for Q4: Faces losses, falling to 1.4%
Image Source It was just one day after the logistics player Mahindra Logistics announced a net loss of Rs 11.9 crore for the March quarter
Vodafone Idea Sells Indus-Towers Stake For ₹3,760 Crore.
Vodafone Idea, the debt strapped Indian wireless carrier, sold its stake in a telecommunications tower firm for $506million as part of efforts to shore up its strained finances. The local arm of Vodafone Group Plc disposed of the 11.15percent holdings in Indus-Towers Ltd. to existing shareholders, vodafone idea said in a filing late Thursday.
Read More at BloombergQuint.
Kotak Securities launches plan with zero brokerage on intraday trades
Kotak Securities on Thursday announced the launch of its Free Trade Plan with zero brokerage on intraday trading and Rs.20 per order for all other Future&Options trades. This fixed brokerage plan is available for Future & Options (F&O) across equity, commodity and currency segments.
Read More at Business-Standard.
Also Read | Intraday Stocks Watchlist for Next Day.
Pfizer-BioNTech vaccine deliveries could start 'before Christmas'
Pfizer and BioNTech could start deliveries of their COVID19 vaccine next month after final trial results showed it had a 95% success rate and no serious side effects the drugmakers said on Wednesday. The vaccine’s efficacy was found to be consistent across different ages and ethnicities. The final analysis comes a week after initial results showed the vaccine was over 90% effective.
Read More at reuters.
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