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Market LIVE Updates: Indices trade flat, Nifty above 15,700; IndusInd Bank top gainer – Moneycontrol

July 04, 2022 / 11:15 AM IST

July 04, 2022 / 11:11 AM IST

Windfall Tax | Oil marketing companies may bargain with refiners, says Revenue Secretary Tarun Bajaj

The quantum of duties will be reviewed every 15 days to see how the international prices have moved, based on which action will be taken

July 04, 2022 / 11:01 AM IST

Market update at 11 AM: Sensex is up 8.06 points or 0.02% at 52915.99, and the Nifty shed 17.30 points or 0.11% at 15734.70.

Market update at 11 AM: Sensex is up 8.06 points or 0.02% at 52915.99, and the Nifty shed 17.30 points or 0.11% at 15734.70.

July 04, 2022 / 10:50 AM IST

JPMorgan gives ONGC the thumbs down as shares fall further after tax raid

JPMorgan gives ONGC the thumbs down as shares fall further after tax raid

The government on Friday surprised investors after imposing a $240 per tonne special additional excise duty on crude oil production in the country

July 04, 2022 / 10:47 AM IST

Ashoka Buildcon JV emerges lowest bidder for project of Rs 611 croreAshoka Buildcon in joint venture with Cube Construction Engineering emerged as “the Lowest Bidder” for the project viz. ‘Request for Proposal for Selection of Agency for Construction and Maintenance of Rajiv Gandhi Fintech Digital Institute, Jodhpur’ by Department of Information Technology & Communication, Govt. of RajasthanThe awarded bid project cost for the project is Rs 611 crore. The share of the company in JV is 65%.

Ashoka Buildcon JV emerges lowest bidder for project of Rs 611 crore     Ashoka Buildcon in joint venture with Cube Construction Engineering emerged as "the Lowest Bidder" for the project viz. 'Request for Proposal for Selection of Agency for Construction and Maintenance of Rajiv Gandhi Fintech Digital Institute, Jodhpur' by Department of Information Technology & Communication, Govt. of Rajasthan    The awarded bid project cost for the project is Rs 611 crore. The share of the company in JV is 65%.

July 04, 2022 / 10:41 AM IST

BSE Oil & Gas index slipped 0.7 percent dragged by the ONGC, HPCL, BPCL, IOC

BSE Oil & Gas index slipped 0.7 percent dragged by the ONGC, HPCL, BPCL, IOC

July 04, 2022 / 10:36 AM IST

Jefferies View on Metals Stocks.

Research house Jefferies has cut FY23-24 EPS estimates for JSW, Hindalco and Tata Steel by 2-34 percent.
 
It’s still early to turn constructive as PB valuations remain above the historical troughs.

The earnings visibility is poor, while consensus downgrades will continue.

Jefferies retain hold on Tata Steel, Hindalco & remained underperform on JSW Steel, reported CNBC-TV18.

Hindalco Industries was quoting at Rs 327.50, down Rs 13.75, or 4.03 percent, Tata Steel was quoting at Rs 845.15, down Rs 28.15, or 3.22 percent and Tata Steel was quoting at Rs 845.15, down Rs 28.15, or 3.22 percent on the BSE.

July 04, 2022 / 10:32 AM IST

Endurance Technologies acquires 51% stake in Maxwell Energy Systems

Endurance Technologies has acquired 51% of the equity share capital of Maxwell Energy Systems on 1st July, 2022, through a combination of primary issuance and secondary purchase, company said.

Balance 49% stake shall be purchased in a phased manner in five tranches, spread over the next five financial years, it added.

The aggregate cost of acquisition is Rs 1350 million.

Endurance Technologies was quoting at Rs 1,423.85, up Rs 11.80, or 0.84 percent on the BSE.

July 04, 2022 / 10:24 AM IST

Stock market bears have it all in their favour in July except history

Stock market bears have it all in their favour in July except history

Bears have wind in their sails as they look to profit from continued decline in the Nifty 50 but history may have some say if they will succeed in July

July 04, 2022 / 10:17 AM IST

Nifty Information Technology index shed 1.5 percent dragged by the HCL Technologies, Infosys, Wipro

Nifty Information Technology index shed 1.5 percent dragged by the HCL Technologies, Infosys, Wipro

July 04, 2022 / 10:13 AM IST

Adani Ports Business Updates:Adani Ports and Special Economic Zone handled the highest ever monthly cargo of 31.88 MMT in June ’22, implying a 12% y-o-y jump, company said in its press release.This also marks the highest ever cargo handled in a quarter at 90.89 MMT during Q1 FY23, which is 16% q-o-q growth, and 8% y-o-y growth over a strong Q1 FY22 that saw the post COVID volume surge, it added.

Adani Ports Business Updates:     Adani Ports and Special Economic Zone handled the highest ever monthly cargo of 31.88 MMT in June ’22, implying a 12% y-o-y jump, company said in its press release.    This also marks the highest ever cargo handled in a quarter at 90.89 MMT during Q1 FY23, which is 16% q-o-q growth, and 8% y-o-y growth over a strong Q1 FY22 that saw the post COVID volume surge, it added.

July 04, 2022 / 10:09 AM IST

Buzzing:Zee Media Corporation has informed that Mr. Sudhir Chaudhary has resigned from the position of Chief Executive Officer (CEO) of the company with effect from the close of business hours of July 1, 2022. Consequently, he also ceases to be the Key Managerial Personnel of the company.The company has initiated the process for nomination of Mr. Abhay Ojha, Chief Business Officer of the company as a key managerial personnel in place of Mr. Sudhir Chaudhary. 

Buzzing :    Zee Media Corporation has informed that Mr. Sudhir Chaudhary has resigned from the position of Chief Executive Officer (CEO) of the company with effect from the close of business hours of July 1, 2022. Consequently, he also ceases to be the Key Managerial Personnel of the company.    The company has initiated the process for nomination of Mr. Abhay Ojha, Chief Business Officer of the company as a key managerial personnel in place of Mr. Sudhir Chaudhary.