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BusinessToday.In
July 19, 2019
Equity markets plunged sharply with benchmark indices losing almost 1.50% each, amid heavy selling in auto and financial stocks. BSE Sensex closed 560 points down at 38,337 against the last close of 38,897.46. NSE Nifty50 ended at 11,419, declining by 177 points against the last close of 11,474.


BusinessToday.In
July 19, 2019
Shares of cement maker ACC rose by over 5% Friday after the company reported 38.6% rise in net profit and flagged better demand and growth going forward.


BusinessToday.In
New Delhi, July 19, 2019
IndiGo Q1 results: Revenue from operations surged 44.7 per cent year-on-year to Rs 9,420.10 crore, driven by a 30.3 per cent increase in capacity compared with the year-ago period


BusinessToday.In
New Delhi, July 19, 2019
RBL Bank's net advances grew by 35 per cent to Rs 56,836 crore during Q1FY20 from Rs 2,198.1 crore in the year-ago period; the bank's deposit rose 35 per cent y-o-y to Rs 60,810 crore


BusinessToday.In
July 19, 2019
Mukesh Ambani's Reliance Jio Infocomm is expected to report lower profitability on account of the demerger of its fiber and tower assets. But its mushrooming subscriber numbers will boost revenues


BusinessToday.In
July 19, 2019
While Reliance Jio reported net addition of 81.8 lakh users to its subscriber base during May, both Vodafone Idea and Bharti Airtel lost 56.97 lakh and 15.08 lakh users, respectively, over the month


BusinessToday.In
July 19, 2019
Netflix has responded to the intense competition in India by announcing a lower-priced mobile-only plan on Wednesday, which will cost half its typical subscription fee, as well as new original content


BusinessToday.In
July 19, 2019
IT firm Cyient stock fell the most on BSE, after hitting a fresh 52-week low, as the company recorded losses in its Q1 earnings report.


BusinessToday.In
New Delhi, July 19, 2019
Mukesh Ambani's Reliance Brands completes 100% acquisition of HamleysA day ahead of its June quarter earnings, Mukesh Ambani-led Reliance Industries said that it has completed the acquisition of British toy retailer Hamleys for about Rs 620 crore (GBP 67.96 million) in an all-cash deal. In May this year, Reliance Brands, a subsidiary of Reliance Industries, had signed an agreement to acquire 100 per cent stake in iconic toymaker Hamleys from Chinese fashion conglomerate C Banner International...


Reuters
New Delhi, July 19, 2019
SEBI also proposed a format for disclosing reasons when the auditor of a listed entity or one of its material units resigns, including details of information the auditor failed to get from the company


BusinessToday.In
July 18, 2019
Yes Bank share fell to a fresh 52-week low after reporting a 91 per cent decline in net profit in its financial results for the quarter ended June 30, 2019


BusinessToday.In
July 18, 2019
Fast Moving Consumer Goods (FMCG) sector will face a slowdown in 2019 with the deceleration being driven by North and West zones in India.


PTI
July 18, 2019



BusinessToday.In
New Delhi, July 18, 2019
The IT service rivals - Infosys, Cognizant, TCS and Wipro - often lose employees to each other. The trend of junior employees switching companies for small hike has become a concern for IT firms.


BusinessToday.In
New Delhi, July 18, 2019
Colgate-Palmolive India's net sales rose by 4 per cent to Rs 1,076 crore from Rs 1,033.55 crore in the year ago quarter; EBITDA climbed 6.2 per cent to Rs 291 crore in Q1FY20


BusinessToday.In
July 18, 2019
In the Asian Development Outlook, the Asian Development Bank raised concerns over the deepening trade tensions between the United States and China


BusinessToday.In
July 18, 2019
Share of Wipro rose over 3% in the early trade today despite the IT software company reporting a fall in Q1 revenue, EBIT and margins on a sequential basis. It also  saw slowdown in growth areas like BFSI due to stress in capital markets and the European banking space. 


BusinessToday.In
July 18, 2019
Shares of IT services firm Mindtree fell in early trade today after it reported 41.4% decline in its net profit at Rs 92.70 crore for the first quarter ended June 30, 2019, compared to Rs 158.20 crore in the same period last year.


BusinessToday.In
July 18, 2019
YES Bank share price fell up to 15% to 83.70 level compared to the previous close of 98.45 on BSE.  YES Bank share price has been losing for the last two days and fallen 14.44% in the period.


BusinessToday.In
New Delhi, July 17, 2019
Last month, Mindtree board had approved induction of five L&T's nominees as directors into the company's board, including L&T's Chief Executive Officer (CEO) and Managing Director S N Subrahmanyan and its Chief Financial Officer (CFO) Ramamurthi Shankar Raman


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