Indian benchmark indices are likely to witness quiet to modestly negative start to the trading session as cues from Asian peers are not encouraging. The trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty may open down by 20 points at 10,529.  

In a significant development, Bharti Group sold off its entire stake of 13.64 per cent in Kishori Biyani-led Future Enterprises, making an exit for an estimated sum of Rs. 240 crore on Tuesday. 

The EBITDA for the quarter declined by 2 per cent QoQ to Rs.63 crore in Q4FY18 as compared with Rs.65 crore in Q3FY18. The EBITDA margin expanded by 170 bps to 10.1 per cent for Q4FY18. 

The reported net profit for the quarter came in at Rs 139.95 crore, an increase of 122.5 per cent YoY. This includes exceptional gain of Rs 38.24 crore.

The share price of Dabur India suffered a setback in Tuesday ’s trading as reports surfaced that assets worth Rs 21 crore have been seized from Pradip Burman, the director of the company.  

Lower redemption in the month of April rather than higher sales has helped the equity MF's asset under management to grow

Cipla reported net profit of Rs 153.3 crore, as against Rs 62.8 crore net loss in the corresponding quarter of last year.

Systematic investment plan of mutual funds is in highlights again. This time not with new highs but with SIP contribution registering a decline in the month of April 2018.

Country’s largest bank, the State Bank of India (SBI) reported its Q4FY18 net loss and also reported divergence for its FY17 March financial with RBI assessment.

The board of directors have recommended a dividend of Rs. 100 per equity share of Rs. 10 each, for the FY18.