In consultation with the chiefs of public sector banks (PSBs), the Finance Ministry has created a roadmap to reviving the state-owned bank and consolidation smaller PSBs to form four large banks with increased reach and competitive advantage.

The rating agency's Managing Director and Group CEO Naresh Takkar is being probed by various government investigation agencies for his alleged involvement in the IL&FS crisis.

L&T Finance Holdings Limited sell its investment in L&T Capital Markets, a wholly-owned subsidiary, to IIFL Wealth Finance Limited. The division provides wealth management services in India.

The last day for filing Income tax returns for the financial year 2018-19 is Saturday, August 31, 2019, which is this weekend. If you are yet to file your returns, read on to know more.

Registering a stupendous 2 per cent gain, the benchmark indices recovered as the central government announced the rollback of FPIs surcharge, a fiscal package for state-owned banks and stimulus for auto sector to revive the economy on Friday.

Civil engineering construction company B.L. Kashyap and Sons Limited received orders in Bengaluru and Trivandrum. Following the announcement, the stock was locked in its upper circuit in post lunch session on Monday.

Auto sector stocks were in focus in morning trade on Monday after the government acknowledged the difficulties faced by the sector and announced a slew of measures to revive growth. On Friday, the Union Finance Minister Nirmala Sitharaman put-forth a five-prong stimulus package to help increase vehicle sales.

The bank is now moving to premium segment after launching four years ago with basic banking services. The bank had posted impressive results for the June quarter. 

The stock gained 10 per cent to hit upper circuit as Bombay HC ruled that the assets of the company's promoters cannot be attached under the MPID Act. The attachment followed the investigation into the Rs. 5,600 crore NSEL scam.

Indian equity markets were in a sea of red on Thursday as markets failed to get any relief from the government with regards to the FPI surcharge. The benchmark index BSE Sensex lost 587.44 points to close at 36,472.93, down by 1.59 per cent. The Nifty50 closed at 10,737.75, down by 180.95 points or 1.67 per cent as bears were in action throughout the day.

ED and CID are investigating alleged irregularities in Foreign Investment Promotion Board (FIPB) approvals given by former Finance Minister P Chidambaram. The stock of United Spirits Limited experienced volatility due its parent company's link to the case. 

The stock of Reliance Nippon Life was buzzing on the bourses on Thursday following a clarification by the company regarding spike in traded volumes. Reliance Nippon Life was among top gainers in an otherwise southwards heading market.

The benchmark index BSE Sensex closed down at 37,060.37, down by 267.64 points or 0.72 per cent on Wednesday. The Nifty50 closed at 10,918.70, down by 98.30 points or 0.89 per cent. Bear mode got activated after India's veteran biscuit-maker Parle threatened of job cuts citing economic slowdown.

Every investor who is active in the equity market needs to have a demat account and a trading account. With many attractive trading rates advertised by new brokerage firms and the current market volatility, traders as well as investors are looking to cut costs and maximise returns.

To support its growing customer base and ecosystem partners, HCL Technologies (HCL) opened a delivery centre in Hamilton, New Zealand.

The city gas distribution company Mahanagar Gas was buzzing in the bourses following a 10 per cent stake sale through a block deal on Tuesday.

The company received confirm export order of Rs. 100 crore for diamond studded gold jewellery. Following this development, the stock gained more than 5 per cent on BSE.

Integrated solar engineering company Sterling and Wilson Solar listed on the exchanges at Rs. 700.00 on BSE at a discount of nearly 10.25 per cent, but as the trading session progressed the stock seems to have gained some traction.

Following a series of positive development, the stock of Sun Pharmaceutical was buzzing on Monday. The stock hit an intraday high of Rs. 434.20 per share, up more than 4 per cent.

The debut of micro finance company (MFI) Spandana Sphoorty on the exchanges was tepid. The stock listed at Rs. 824.00 on BSE at a discount of nearly 4 per cent, but as the trading session progressed the stock turned volatile.

Leading pharma company Lupin received the USFDA approval for 0.2% USP hydrocortisone valerate cream. The medication is a medium-strength corticosteroid.

The consortium of Titagarh Wagons and its subsidiary Titagarh Firema SpA has emerged as the lowest bidder for the Maha-Metro, Pune project. The company has bid for manufacture of 102 metro coaches for the Pune Metro Rail project.

The Indian equity markets regulator constantly revises the pre-emptive surveillance list to check undue stock price volatility and safeguard the interest of investors.

The benchmark indices regain their vigour. Nifty reclaimed 11,000 level. The BSE Sensex closed at 37,311.53, up by 353.37 points or 0.96 per cent on Wednesday, while Nifty ended at 11,029.40, up by 103.55 points or 0.95 per cent.

The stock of Linde India was buzzing on Wednesday as the company divested its industrial gases business in the southern part of India after the divestment was approved by the Competition Commission of India.

Following strong results for Q1FY20, shares of Apollo Hospitals Enterprise hit a fresh 52-week high at Rs. 1,444.00 on Wednesday and were trading higher by more than 4 per cent at Rs. 1,382.00.

Leading pharmaceutical major lost more than 5 per cent in early trade on Wednesday following reports that USFDA has issued a Complete Response Letter with regards to the generic Nuvaring.

Despite a spectacular run-up by Reliance, the benchmark index BSE Sensex closed down at 36,958.16, down by 623.75 points or 1.66 per cent on Tuesday. The Nifty50 closed at 10,925.85, down by 183.80 points or 1.65 per cent.

With the benchmark indices witnessing another session of heavy sell-off, Yes Bank was the biggest loser on Tuesday. Shares of Yes Bank hit a fresh 52-week low of Rs. 72.85 and closed at Rs. 73.60 per share, down by 10.35 per cent on BSE.

Reliance Industries' Chairman Mukesh Ambani announced the launch of Jio Gigafiber services from September 5. The base plans offers internet speed 100 mbps at Rs. 700 per month.

If you are yet to file your returns just because the deadline was extended, you are not alone due to the ease of filing returns online many taxpayers are delaying this customary task. This week has a lot of holidays, you can file the returns right away and avoid last moment errors.

The auto components company withdrew plans to start the proposed tyre manufacturing business. Reacting to this development, the stock recovered more than 10 per cent from its 52-week low on Friday.

Tech company Affle (India) Limited debuted on the stock market at a price of Rs. 929 per share against its issue price of Rs. 745 per share at the higher end of the price band. The stock list at a 25 per cent premium on Thursday.

The benchmark indices zoomed up by substantially in the post lunch session after rumours were rife in the market that government is likely to rollback the higher surcharge applicable on Foreign Portfolio Investors (FPIs).

The initial public offering of Spandana Sphoorty Financial was fully-subscribed on the last day of its subscription, while Sterling & Wilson Solar is subscribed 0.34 times at 12:00 noon on its last day of subscription.

The stock of HCL Technologies was the top gainer on BSE Sensex on Thursday following its results announcement. The company's board also declared an interim dividend of Rs. 2 per share.

The central bank of India cut key policy rates during its monetary policy meeting on Wednesday. Reacting to this development, the Nifty Bank gained more than 100 points, but later slipped to trade at 28,075.30, up by 53.20 points or 0.19 per cent.

The Initial Public Offering (IPO) market is slowly catching up. The two IPOs open for subscription this week are receiving good response from investors.

Home Minister Amit Shah proposes a bill to revoke Article 370, which accords special status to the state of Jammu & Kashmir. The Indian benchmark indices reacted sharply to the decision slipping more than 600 points in the early morning session.

The IPO of the NBFC-MFI opens for subscription. The offer was subscribed by 18 anchor investors at the upper end of the IPO price band set at Rs. 853 to Rs. 856 per share.

The Rs. 3,125 crore Initial Public Offering (IPO) of the global solar EPC company belonging to the Shapoorji Pallonji Group hits the exchanges on Tuesday, August 6, 2019. The company is an integrated solar engineering company.

Alpha is the favourite buzzword of smart investors. NSE launched the smart-beta index Nifty100 Alpha30 in June this year. An alpha index strategy aims to select stocks that have recently outperformed the broad benchmark on a risk adjusted basis. Let's check out which stocks feature in this index.

Despite a decent recovery in the last trading session, the benchmark indices failed to close in the green zone. The BSE Sensex dipped by 462.80 points or 1.23 per cent at 37,018.32 on Thursday on the back of negative global cues as the US Fed cut benchmark policy rate.

India-based subsidiary of Dr. Reddy's, Aurigene has entered an exclusive collaboration agreement with the US-based oncology-focused biotech company Exelixis, Inc.

The leading animal healthcare companies reported 11 per cent YoY increase in sales at Rs. 42.42 crore for Q1FY20 as against Rs. 38.26 crore in Q1FY19, on a standalone basis. Net profit was at Rs. 9.79 as against Rs. 9.68 crore in Q1FY19.

The rating agency has revised its rating for the company's Rs. 315 crore term loan from developing implications to negative implications. The company's board appoints Interim Chairman and Interim Chief Operating Officer.

The IPO of the microfinance company opens for subscription on August 5. The price band for the offer is set at Rs. 853 to Rs. 856 per share.

Reflecting the distress faced by the auto industry, leading automaker Maruti Suzuki reported 27.3 per cent YoY dip in its standalone net profit at Rs. 1,435.5 crore in Q1FY20.

Vedanta's subsidiary, Cairn India Holdings Limited (CIHL) plans to unwind its structured investment in Anglo American Plc through the early exchange option, the company informed on Friday.

The US-based subsidiary of Newgen Software Technologies Limited has received a patent from the US Patent Office for Intelligent Check Deposit Machine.

The stock of GOCL Corp was scaling highs on Thursday as the company informed that the US regulator has approved the merger of Quaker Chemical and Houghton International.

The stock of Chennai-based company Caplin Point Laboratories was buzzing on the bourses on Thursday as the company's subsidiary received US drug regulator's inspection report for its injectable plant.

The company's consolidated revenue for Q1FY20 was at Rs 2,022 crore as compared to Rs. 1,872 in Q1FY19, a growth of 8 per cent YoY. EBITDA was at Rs. 558 crore, up by 11 per cent YoY and EBITDA margin was 28 per cent. 

Mahindra & Mahindra Financial Services reported 66 per cent decline in PAT for Q1FY20 on a consolidated basis. Reacting to the results, the stock was among the top losers in Wednesday's morning session.

The EPC solar company of Shapoorji Pallonji Group has received the capital market regulator's approval for floating its Initial Public Offering (IPO). The company is an end-to-end solar engineering company.

The apex court orders the cancellation of the RERA registration of Amrapali Group and directs ED to investigate the company for money laundering. State-owned real estate developer NBCC India was appointed by the Supreme Court (SC) to complete the unfinished projects taken up by the builder.

The benchmark index extended losses by dipping 305.88 points or 0.80 per cent on Monday as HDFC twins and FMCG majors dragged the index, even as Reliance and TCS provided some support.

Market may be giving goosebumps for investors but traders are still active in the market. We analysed the most traded stocks post Union Budget 2019 and their performance in the month of July.

The benchmark index dipped by 560.45 points or 1.44 per cent on Friday on monsoon concerns and government's non-negotiating stance on super rich tax for FPIs. Auto and bank stocks lost the most during the day.

The stock of Sterlite Technologies was buzzing on the bourses after the company reports strong numbers for Q1FY20. The company's consolidated revenue in the June quarter was up by 63 per cent YoY.

The benchmark index dipped by 318 points on Thursday due to a closing session sell-off. Disappointing June quarter number and weak global cues weighed heavily against the Sensex's three-day rally during the week.

Mindtree reported consolidated revenue for the quarter came in at Rs. 18.34 crore as compared to Rs. 16.39 crore in Q1FY19, registering an increase of 11.9 per cent YoY, while down 0.3 per cent as compared to March quarter revenue of Rs. 18.39 crore.

Edelweiss Financial Services tanked more than 12 per cent as the market was rife with news that the company is planning to sell stakes in its wealth management business. The company has been losing ground since its received credit ratings downgrades.

Aditya Birla Money Limited (ABML) was buzzing on the bourses following the company's results announcement on Wednesday. The company's net profits in Q1FY20 were up by 73.6 per cent compared to Q1FY19.

Larsen & Toubro Infotech (LTI) has entered a definitive agreement to acquire Lymbyc Solutions, a specialist Artificial Intelligence (AI) and machine learning company headquartered in Bangalore.

Indian equity markets headed northwards as major stocks from all sectors except IT and Media moved upwards on Tuesday. The BSE Sensex closed at 39,131.04, up by 234.33 points or 0.60 per cent, while Nifty50 closed at 11,661.05, up by 72.70 points or 0.63 per cent.

The e-governance services company is planning to build a large charging footprint alongside its network of Nextgen Vakrangee Kendra outlets spread across the country. Currently, the company has 3,504 Vakrangee Kendras.

The steel giant reported 20 per cent YoY increase in production in Q1FY20 as the company consolidated Bhushan Steel's (BSL) numbers for the full quarter. Tata Steel also reported higher capacity utilisation at Tata Steel standalone as well as Tata Steel BSL.

The stock of Infosys was buzzing in Monday's morning session after reporting a good set of numbers for the June quarter. The company's Q1FY20 results indicated positive revenue guidance.

The stock of Triveni Engineering was buzzing on Friday as the company issued the Letter of Offer for its buyback scheme. The offer represents 3.88 per cent of the company’s total paid up equity share capital as at March 31, 2019.

Leading two and three-wheelers manufacturer TVS Motors has launched the country's first ethanol-fueled motorcycle, TVS Apache RTR 200 Fi E100. Ethanol is a non-toxic, biodegradable fuel that reduces harmful emissions.

Quess Corp's board approved the allotment of the company's preferential equity shares to Amazon.com NV Investment Holdings LLC for Rs. 50.99 crore. Reacting to the development, the stock was buzzing and move up more than 8 per cent on Friday.

US-based wholly-owned subsidiary of Trigyn Technologies has been awarded a contract along with multiple other companies by the New York State OGS, in the US. The stock was up more than 10 per cent on Friday.

Media stocks were buzzing on Thursday following upgrade of credit rating for Dish TV and good set of quarterly numbers reported by GTPL Hathway.

Indian equity markets headed northwards as auto stocks rallied on Thursday. Positive global cues from the fact that the US Federal Reserve might cut interest rate also helped the rally.

The two companies will offer telecom analytics solutions in the African continent and help to improve the digital transformation journey of the telecom industry there.

TCS reported flat set of numbers for Q1FY20. The company's revenues increased 11.4 per cent YoY to Rs. 38,172 crore. On constant currency terms, revenue growth was 10.6 per cent YoY as margin narrowed due to higher employee costs.

Himachal Futuristic Communications (HFCL) has received a purchase order from Bharat Sanchar Nigam Limited (BSNL) for installation of Defence Communication Network with Optical Transmission for the armed forces.

The stock of Zee Media was trailing by more than 3 per cent on Tuesday following an announcement that the company's Managing Director resigned and a downgrade of its credit ratings. 

The construction company has received completion certificate and is entitled to a bonus of Rs. 37,90,08,000 towards earlier completion of the project.

The most eagerly awaited aspect of the Union Budget 2019 was the taxation part and it was very well-handled by the Cabinet. In her budgetary address, Finance Minister Nirmala Sitharaman, on one hand, announced an exemption of income tax for all taxpayers with income of less than Rs. 5 lakh, while increasing taxes for higher income slabs.

The NBFC sector received its fair share of attention in the Union Budget 2019. The government has relieved non-banking finance companies (NBFCs) from creating debt redemption reserves (DRR) to raise fund from public issues.

The benchmark indices were upbeat in Friday's morning session. The BSE Sensex hit a high of 40,032.41, while Nifty50 inched closers to the 12,000 mark hitting 11,981.75 level.

NCLAT on Thursday approved ArcelorMittal’s bid of Rs. 42,000 crore for Essar Steel India and also ruled that the resolution professional (RP) and not the CoC has to decide on the distribution of amount between financial creditors and operational creditors.

E-commerce company Indiamart Intermesh debuts on the stock market at a price of Rs. 1,180.00 per share against its issue price of Rs. 973 per share on Thursday. The stock was trading more than 35 per cent premium to its issue price in the morning session.

The company has received an additional export order for 80,000 steel wheels for the EU Caravan trailer market. The company expects a record quarterly volume in Q2FY20.

The company had filed a plea in the Supreme Court with regards to the cancellation of PPA with Gujarat Urja and the same has been allowed by the court. The stock of Adani Power traded close to its upper circuit limit of 10 per cent on Tuesday.

The rating company's board has placed ICRA's Managing Director and Chief Executive Officer Naresh Takkar under forced leave with immediate effect. The stock reacted strongly to the development and slipped by more than 5 per cent in the morning session on Tuesday.

Indian equity market gained handsomely following global cues. The governments of US-China agreed to set aside newly proposed trade tariff hikes and continue to resolve trade difference through talks. The news was cheered by Indian investors.

The leading construction company has secured an order inflow of Rs. 262.23 crore for FY19-20, as of the end of June. The new order wins are for construction of institutional, commercial complexes including electrical, plumbing and firefighting works.

Indian software engineers are being held response for faults in coding software of flight-test equipment for Boeing's 737 Max aircraft, by the US media. Two Indian IT firms HCL tech and Cyient have partnerships with Boeing.

Other than profit and loss, important thing that investors watch out for are dividend or bonus shares. Read on to know which stocks will be on investor radar this week.

The Committee of Creditors (CoC) voted in favour of JSW’s Rs. 1,525 crore for the assets of debt-ridden Asian Colour Coated Ispat Limited, said news reports on Saturday. The company was the lone bidder for the assets.

The textile to real estate developers has received Part Occupancy Certificate for Part 2 of its high-rise project located in Dadar-Naigaon. The document is significant for the company as it signifies that the building is fit for occupation.

Leading pharmaceutical company's US arms has received final approval for Ezetimibe and Simvastatin Tablets. The medication is used to treat high levels of cholesterol in the blood.

The company reported that it has defaulted payment towards maturity of its Unsecured Commercial Paper on June 26, 2019. For the Unsecured Commercial Paper aggregating to Rs. 200 crore, Rs. 50 crore was repaid and the balance amount of Rs. 150 crore has not been paid.

Sun Pharmaceutical Industries Limited has entered into an exclusive licensing agreement with a subsidiary of Chinese pharma major China Medical System Holdings (CMS) to develop and commercialise Cyclosporine A 0.09 per cent eye drops and Tildrakizumab a medication for psoriasis and psoriatic arthritis in Greater China.

Ahead of the expiry of derivative contracts for the month of June, Nifty Auto was up 1.37 per cent, fuelled by a unanimous surge in auto stocks led by Tata Motors and M&M on Thursday. 

The benchmark indices Sensex and Nifty opened gap down on Tuesday and during the day scaled up continuously to post a steep gain. Reliance Industries and major private banks contributed the most to the index gains.

SBI Life Insurance Company Limited's promoter BNP Paribas Cardif has initiated an offer for sale (OFS) to sell 2.5 per cent equity shares of the company through separate windows on the exchanges.