Bajaj Auto maintains market share in domestic market Bajaj Auto maintains market share in domestic market Rishikesh Gaikwad / Friday, October 23, 2020 / Article rating: 3.6 Bajaj Auto announced its quarterly results for Q2FY21 on October 22, 2020. The total volumes stood at 10,53,337 units, showing a decrease of 10 per cent YoY.
Tech Mahindra announces acquisition of 6.03 per cent equity shares in VitalTech Holdings Tech Mahindra announces acquisition of 6.03 per cent equity shares in VitalTech Holdings Rishikesh Gaikwad / Friday, October 23, 2020 / Article rating: 4.0 Tech Mahindra announced on Thursday after the market hours that its wholly-owned subsidiary Tech Mahindra (Americas), Inc. has agreed to acquire 6.03 per cent equity shares in VitalTech Holdings, Inc. It also has an additional option to acquire additional equity of up to 8 per cent until January 2021.
Motherson Sumi Systems to acquire electrical wiring interconnection systems business in Mexico; stock opens 1.01 per cent higher Motherson Sumi Systems to acquire electrical wiring interconnection systems business in Mexico; stock opens 1.01 per cent higher Rishikesh Gaikwad / Wednesday, October 21, 2020 / Article rating: 3.3 Motherson Sumi Systems Limited (MSSL) via its Mexican subsidiary, Motherson Rolling Stocks S de RL de CV (MRS), has signed an asset sale and purchase agreement to acquire the electrical wiring interconnection systems (EWIS) business of Bombardier Transportation, Mexico (BT Ensambles México).
Zensar to divest non-core TPM/MVS business; stock opens 0.54 per cent higher Zensar to divest non-core TPM/MVS business; stock opens 0.54 per cent higher Rishikesh Gaikwad / Tuesday, October 20, 2020 / Article rating: 4.3 Zensar Technologies Ltd announced on Monday after the market hours that it has entered into an agreement to divest its global third-party maintenance (TPM) business with Service Express LLC.
USFDA grants approval to Zydus Cadila for Tofacitinib extended-release tablets USFDA grants approval to Zydus Cadila for Tofacitinib extended-release tablets Rishikesh Gaikwad / Monday, October 19, 2020 / Article rating: 2.5 Zydus Cadila today announced that it has received tentative approval from USFDA to market Tofacitinib extended-release tablets, 11 mg (US RLD: Xeljanz XR® tablets).
Phillips Carbon announces Q2 results; stock closes higher by 2.98 per cent Phillips Carbon announces Q2 results; stock closes higher by 2.98 per cent Rishikesh Gaikwad / Friday, October 16, 2020 / Article rating: 2.5 Philips Carbon Black Limited (PCBL) reported its September quarter results today.Profit before tax for the company stood at Rs 72.47 crore in Q2FY21, which is 28.9 per cent lesser than the corresponding quarter last year. Profit after tax for Q2FY21 stood at Rs 57.55 crore, showing a YoY decrease of 25 per cent
Nine months into 2020: BSE 500 versus S&P 500 Nine months into 2020: BSE 500 versus S&P 500 Rishikesh Gaikwad / Friday, October 9, 2020 / Article rating: 3.3 We compared the performances of two indices namely, S&P 500 and S&P BSE 500. For this, we have taken their closing values to determine the returns from the beginning of 2020 to September 30, 2020, i.e. of almost nine months.
How much of BSE 500 is promoter pledged? How much of BSE 500 is promoter pledged? Rishikesh Gaikwad / Friday, October 9, 2020 / Article rating: 3.4 Hence, we analysed how much of BSE 500 universe is pledged, or has the promoter pledging increased or decreased as a trend? Here are the results of our analysis:
June quarterly results recap June quarterly results recap Rishikesh Gaikwad / Friday, October 9, 2020 / Article rating: 3.5 September results season has begun now with companies posting good recovery in numbers. However, to put it in perspective, let's recap June's quarterly earnings of Nifty 50 companies and compare it with their earnings last year’s same quarter to get an idea of how much effect the pandemic and GDP had on the June quarter.
Is Reliance overweighing Nifty? Is Reliance overweighing Nifty? Rishikesh Gaikwad / Thursday, October 8, 2020 / Article rating: 3.5 Reliance Industries’ weightage in the index has grown from around 5 per cent in September 2016 to nearly 14.90 per cent in September 2020. Whereas, the leader in 2016 i.e. HDFC Bank, which had a weightage of around 8 per cent in FY16, has more or less maintained its weightage of 8 per cent to 9 per cent.