Minda Industries: Q4FY19 revenue up by 8 per cent, but profit declines
Minda Industries: Q4FY19 revenue up by 8 per cent, but profit declines

Minda Industries: Q4FY19 revenue up by 8 per cent, but profit declines

Pratik Shastri Article rating: 5.0

Auto component manufacturer Minda Industries reported its results for Q4FY19 and financial year ended March 31, 2019, during market hours on Thursday. The slowdown in auto sector is evident from the numbers on auto ancillary company. The sales growth is muted with just 8 per cent increase for Q4FY19 on a YoY basis.

 

Markets notch up impressive gains
Markets notch up impressive gains

Markets notch up impressive gains

Dnyanada Kulkarni Article rating: 5.0

The Indian benchmark indices BSE Sensex and NSE Nifty ended in the green at the close of today’s market hours. The Sensex closed at 37,393.48, up 0.75 per cent or 278.60 points, while Nifty closed at 11,257.10, up 0.90 per cent or 100.10 points.

Why low beta stocks perform better
Why low beta stocks perform better

Why low beta stocks perform better

Shashikant Singh Article rating: 5.0

One of the basic fundamental theory on finance suggests that higher beta should be giving higher returns. Read on to find why this is not the case.

HFCL acquires stake in Raddef
HFCL acquires stake in Raddef

HFCL acquires stake in Raddef

Dnyanada Kulkarni Article rating: 3.8

Himachal Futuristic Communications Ltd. (HFCL) has acquired 90 per cent of the equity shares of Raddef Pvt. Ltd.

Overnight Digest: Stocks to watch out on May 17
Overnight Digest: Stocks to watch out on May 17

Overnight Digest: Stocks to watch out on May 17

Shohini Nath Article rating: 5.0

The stocks that are likely to witness significant movement on the bourses on May 17 are Hindalco Industries, Thomas Cook, Action Construction Equipment, Bajaj Auto and Bharat Forge


Ashok Leyland bags orders of Euro 10.06 mn
Ashok Leyland bags orders of Euro 10.06 mn

Ashok Leyland bags orders of Euro 10.06 mn

Dnyanada Kulkarni Article rating: 4.3

Ashok Leyland has secured orders for 400 Ashok Leyland Eagle 916 minibuses from Senbus Industries in Senegal. The total order amounts to a whooping Euro 10.06 million.

Tata Chemicals and Tata Global Beverages surge on demerger plan
Tata Chemicals and Tata Global Beverages surge on demerger plan

Tata Chemicals and Tata Global Beverages surge on demerger plan

Amir Shaikh Article rating: 4.4

Tata Chemicals has approved demerger of its consumer products business into another Tata Group firm Tata Global Beverages, which has ended prolonged speculation. The turnover of the demerged division is around Rs. 1,847 crore, which accounts for nearly 16 per cent of the overall sales of Tata Chemicals on a consolidated basis.

Shilpa Medicare gets USFDA approval for cancer injection
Shilpa Medicare gets USFDA approval for cancer injection

Shilpa Medicare gets USFDA approval for cancer injection

Nidhi Jani Article rating: 5.0

Zoledronic acid injection is used to treat high blood calcium levels, i.e. hypercalcemia that occurs with cancer. It is also used with cancer chemotherapy to treat bone problems that may occur with multiple myeloma and other types of cancer.

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