The Organization of Petroleum Exporting Countries (OPEC) will hold a meeting on Tuesday, July 2 with its allies and Russia to decide on a production cut. Market participants are expecting that OPEC will decide to extend the oil production cut for another nine months period.

The stock of Emami Limited dipped more than 5 per cent on Thursday as the market was buzzing that the Emami Group is in exploratory talks with Ultratech Cement and private equity funds to sell stakes in its cement business, valuing it at Rs. 5,000-5,500 crore.

Persistent Systems informed the bourses that its subsidiary Persistent Systems Germany GmbH has entered into a share purchase agreement to acquire 100 per cent stake in the capital of Youperience GmbH for cash consideration of 6.8 million euros.

PVR Pictures, the motion picture arm of PVR, has joined hand with Panorama Studios, a subsidiary of Panorama Studios International, formerly known as Apunka Invest Commercial, to distribute films across India.

Tyre stocks were speeding on the bourses on Tuesday as the government decided to impose a counter-veiling duty on truck and bus radial tyre imports from China. 

Engineering and construction arm of Kalpataru Group, JMC Projects on Monday informed the bourses that it has secured new orders worth Rs. 514 crore. 

Indian rupee ended weaker against the US dollar on Friday due to fresh dollar demand from banks and importers.

Sundaram Finance (SFL) has entered into an agreement with its partner BNP Paribas for acquiring stakes held by the latter in their two joint venture companies called Sundaram BNP Paribas Home Finance Limited and Sundaram BNP Paribas Fund Services.

The Indian benchmark indices went through a volatile ride but at the end, they settled for the day in a positive zone, on Wednesday.

In this article, we have tried to provide a list of companies from the BSE 500 universe which have reported growth in their after-tax profit (PAT) and net profit margin as well.

Interglobe Aviation, the operator of Indigo Airline, informed the bourses that it has ordered CFM International LEAP1A engines to power 280 Airbus A320neo and A321neo aircraft, on Monday.

The stock of Infrastructure developer, NCC plummets nearly 19 per cent to touch low of Rs. 95.20 apiece on Friday, in the last trading session in the month of May 2019.

West Coast Paper Mills is planning to acquire International Paper APPM, which is a leading integrated paper and pulp manufacturers in India.

India’s second largest telecom operator (nearly 32 per cent market share) Bharti Airtel is looking to come with IPO of its subsidiary -- Airtel Africa, where it is eyeing over $1 billion initial public offer (IPO) in London.

Leading infrastructure developer IRB Infrastructure informed the bourses that it has received appointed date for its Hapur Moradabad project, w.e.f. May 29, 2019. The company would now commence toll collection and construction of the project.

The board has reviewed the apparel business and has reclassified from it from discontinued operations to continuing operations.

Radico Khaitan on Thursday informed the bourses that pollution control board revoked closure direction on the company’s Uttar Pradesh plant. The company further said that it has not incurred any production loss due to closure.

Government-owned miniratna company MOIL has signed a Memorandum of Understanding (MoU) with the Ministry of Steel, India and where it has set a production target of 14.75 lac tonnes of manganese ore for FY20E.

Zuari Agro Chemicals on Thursday informed the bourses that, rating agency ICRA has downgraded its short term and long-term funds worth Rs. 4215 crore. The long-term rating was downgraded to D from BB (Negative) earlier. While short-term also downgraded to D from A4.

Bodal Chemical on Wednesday informed the bourses that it is planning to acquire 80 per cent stake in Turkey-based company called Sener Bova Kimya Tekstil Sanayi Ve Ticaret Ltd. 

Steel Strips Wheels (SSWL) on Tuesday informed the bourses that it has won a repeat exports orders for 4,00,000 wheels for Trailer Market. 

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.

Indian broad market indices, which opened on flat note and traded in the positive terrain till the afternoon session, witnessed sell-off in the last leg of trading and entered into the negative terrain and ended on a negative note.

The company received orders worth Rs 3,635 crore during the quarter, which is 24.3 per cent higher than the quarter ended on March 2018. The company said that its order backlog is at a six-year high.

Alkem Laboratories informed the bourses that its manufacturing facility located at St. Louis, USA, has received a letter from the US FDA classifying the inspection conducted as Official Action Indicated .

The government-owned enterprise NTPC informed the bourses that it has won 100 MW of Solar capacities at a levelised tariff of Rs 2.9l/unit, applicable for 25 years

Pharma major Lupin informed bourses about its launch of Clobazam Tablets, 10 mg and 20 mg. The company had received approval from the United States Food and Drug Administration (FDA) earlier.

Varun Beverage reported consolidated net sales of Rs. 1,359.2 crore for the March quarter, up by nearly 24.1 per cent from the corresponding quarter of the previous year. This was mainly on account of increase in overall sales volumes to 90 million-unit cases from 80 in Q1CY18

According to DGCA India, passengers carried by domestic airlines during Jan-Mar 2019 were 354.53 lakhs. 

NBCC (India) has secured a total business of Rs. 361.91 crore in the month of April 2019. Earlier, the company had secured a total business of Rs. 3,031.70 crore in March 2019.

The stock of Sterlite Technologies was buzzing on the bourses as its promoter entity Volcan Investments reached an in-principle agreement with their lender to remove pledge on shares. Promoters are expected to release shares of Sterlite pledged with the lender by the end of July, 2019.

The revenue of Security Solutions India grew to Rs. 779 crore from Rs. 572 crore in Q4FY18, while revenue from Security Solutions International was at Rs. 902 crore as against Rs. 841 crore in Q4FY18. Also, revenue from Facility Management increased to Rs. 277 crore from Rs. 182 crore in Q4FY18.

Leading dredging company Mercator has sold its very large crude carrier Nerissa (VLCC), which was built in 2006, for a total net consideration of USD 27.5 million. The company said that the proceeds from this sale will be utilised to bring down its debt and other liabilities.

For the last quarter of FY19, the Godrej Properties reported strong set of numbers across the board. The company’s consolidated total income for the quarter jumped more than 130 per cent yoy to Rs. 1,200 crore.

In order to curb imports and protect the domestic industry, the Central Board of Indirect Taxes and Customs (CBIC) has hiked the basic customs duty (BCD) on wheat to 40 per cent from 30 per cent earlier.

After flying for the last 26 years the Indian airline, Jet Airways stopped operation in April 2019 as it failed to get emergency funding to keep its operation going on. 

The government-owned Garden Reach Shipbuilders & Engineers firm on Monday informed the bourses that it has entered into a contract with the Government of India, Ministry of Defence, for orders worth Rs. 6,311.32 crore.

The company's GNPA and NNPA in Q4FY19 reduced to 2.3 per cent and 1.1 per cent from 3 per cent and 1.7 per cent in Q4FY18, respectively. The provision coverage ratio for the quarter was at 49.8 per cent as against 44.2 per cent in Q4FY18. 

Dr Reddy's Laboratories has reportedly initiated a voluntary recall of anti-seizure drug Divalproex extended-release tablets from the US market owing to cGMP deviations noticed in certain batches of the product.

Texmaco Rail & Engineering’s board has approved the acquisition of a steel casting foundry, located at Urla Industrial Estate, Raipur, Chhattisgarh from Simplex Castings, as a going concern on a slump sale basis. The said acquisition is likely to result in capacity expansion by more than 50 per cent.

Largest steelmaker Tata Steel reported its fourth quarter result of FY19, on Thursday. The company’s consolidated revenue from operation for the quarter was at Rs. 42,424 crore, up by nearly 26 per cent from the corresponding quarter of the previous year. 

The Brent Crude oil prices on Thursday hit US$ 75.6 per barrel, a new high of 2019. But later it dipped with the expectation that major oil producers would raise oil production to fill-up for the shortage caused by tougher US sanctions against Iranian oil exports.

 To reward the shareholders, the board of directors has approved a share buyback proposal aggregating Rs 10,500 crore at a price of Rs 325 per share, which represents nearly 16 per cent premium over today’s closing price.

Hyderabad-based IT service provider Cyient has launched a portfolio of services and solutions that help Communication Service Providers (CSPs) expedite 5G network rollouts globally. 

Jindal Steel and Power Limited (JSPL) informed the bourses that it recorded the highest ever domestic quarterly steel production and sales in Q4FY19. During the March-ended quarter, the company reported a crude steel production of 1.51 million tonnes, this represents a 23 per cent growth from the last quarter of the same fiscal year. 

When amateurs enter the world of equity market, most of them aim to make quick money. Mind you investing is simple but only if you are following some set of discipline and doing through analysis. But we would like to urge amateur investors to be alert as many companies tend to entice investors by cooking up their books of accounts.

Leading capital good company Thermax informed the bourses that it has acquired the entire stake in its joint venture SPX Energy Technologies Limited (TSPX) on Thursday from partners namely Mutares Holding-24 AG, Germany and Balcke-Dürr GmbH, Germany.

Gujarat State Fertilizers and Chemicals (GSFC) informed the bourses today that it will start annual shutdown of Ammonia - IV plant of Baroda Unit from April 13, 2019 for a period of 50 days.

Sobha Limited announced its fourth quarter business update for FY19, on Monday. The company clocked a sales volume of 1,129,268 square feet in Q4FY19 worth Rs. 920.5 crore. The sales value for the quarter was up by nearly 13.3 per cent from the corresponding quarter of the previous year. 

JSW Steel reported a crude steel production of 16.69 million tons (MT) in FY19, registering a growth of 3 per cent over the corresponding period of the previous year. With this, the company achieved 99.6 per cent of its production guidance of 16.75 Million tonnes, given at the start of FY19.

India's largest paint company, Asian Paints informed the bourses on Monday that a fire broke out at the company's paint manufacturing facility in Vishakhapatnam, Andhra Pradesh

PVR Cinemas and CJ 4DPLEX, the world's leading cinema technology company has signed a new deal at CinemaCon 2019 to open 10 ScreenX theatres in India by 2021

The fiscal year 2018-19 the Indian market has gone through a roller-coaster ride, but it finished the fiscal year in a positive note and the benchmark index BSE Sensex delivered a stellar return of around 17 per cent during the fiscal.

Indraprastha Gas (IGL) informed the bourses that it has secured three letters from Petroleum and Natural Gas Regulatory Board (PNGRB) for grant of authorization to the company for development of city gas distribution network in the geographical areas of Kaithal District, Ajmer, Pali and Rajsamand District & Kanpur (except area already authorized) District, Fatehpur and Hamirpur districts.

Hi-Tech Pipes reported highest ever sales volume for the quarter ended on March 2019. The company’s Q4FY19 volume surged nearly 45 per cent to 80,055 metric ton from 55,282 metric ton in the corresponding quarter of the previous year. 

Leading software service provider Cyient announced the business update for Q4FY19 on Monday, reacting to which the stock of Cyient touched its 52-week low.

Steel Strips Wheels (SSWL) reported its performance for the month of March. The company managed to clock net turnover of Rs. 151.60 crore in March 2019, which represents nearly 10 per cent fall from March 2018.

On the first day of the fiscal year 2019-20, the real estate developers Godrej Properties announced its Q4FY19 performance. The company in its exchange filing said that in the recently concluded quarter it recorded the highest ever booking and sold around 2,900 homes.

Suven Life Sciences on Friday informed the bourses that it has secured one product patent from Eurasia, one product patent from Europe, one product patent from South Korea and one product patent from Sri Lanka.

Wabco India’s parent company, Wabco Holdings Inc., a US-based company listed on the NYSE, has plans to merger with ZF Friedrichshafen AG, a privately-held global leader in driveline and chassis technologies. Reacting to this development, the stock of Wabco India soar more than 10 per cent, on Friday.

In an effort to boost liquidity in the market ahead of general election, the country’s central bank, RBI has purchased US$ 5 billion through long-term forex swap auction.

Bodal Chemical, the manufacturer of dye intermediates and dyestuffs, informed bourses on Tuesday that it has successfully completed expansion of dyestuff plant by 6,000 metric tonnes per annum (MTPA) and started production at Dudhwada, Taluka Padra, district Vadodara in Gujarat.

The stock of Kaveri Seeds jumped nearly 3 per on Tuesday as the company commenced corn cob drying facility in Telangana. The facility has a capacity of drying 1455 Mt corn cobs per cycle across 36 bins.

Sugar productions till March 15 were at 273.47 lakh tonnes as against 258.2 lakh tonnes in the corresponding period in the last sugar season representing 6 per cent growth, said a release issued by the Indian Sugar Mills Association (ISMA).

Hotel Leela, an Indian luxury hospitality group, has entered into a binding agreement with a Brookfield Asset Management sponsored private real estate fund, to sell four hotels by way of slump sale. The deal is subject to the approval of shareholders, lenders and other regulatory and statutory bodies.

Indian Hume Pipe Company has received two Letters of Acceptance aggregating to Rs. 551.40 crore (including GST) from Water Resources Investigation Division, Palanpur, Gujarat, the company informed bourses on Tuesday.

The board of directors of Mahindra CIE Automotive has approved the acquisition of 100 per cent of the issued and outstanding share capital of Aurangabad Electricals and authorized the signing of a share purchase agreement. 

KEC International, an infrastructure EPC major, has secured new orders of Rs. 1,323 crore across its various businesses, according to the company’s exchange filing.

Kalpataru Power's fully-owned subsidiary Alipurduar Transmission Limited successfully completed and commenced commercial operations of elements-2 Kishanganj- Darbhanga line.

Engineering and construction mammoth Larsen & Toubro's subsidiary L&T Construction’s Power Transmission and Distribution division has bagged a number of Engineering, Procurement and Construction orders in India and abroad. The order bagged by the company is in the range of Rs. 1,000 to 2,500 crore.

KNR Constructions informed bourses that it has bagged Hybrid Annuity Project (HAM) with Bid Project Cost of Rs. 920 crore and the first year O&M cost is Rs 3.00 crore for the work of ‘Four Laning of Oddanchatram - Madathukulam section of NH - 209.

Himachal Futuristic Communications (HFCL) informed the bourses on Wednesday that is has secured a purchase order worth Rs. 117 crore from Tata Project for the supply of Optical Fibre Cables (OFC) for creating OFC Network Infrastructure under Bharat Net Phase-II Project in the state of Chhattisgarh.

Sterlite Tech has launched TruRibbon – Ribbon Reinvented at the Optical Networking and Communication Conference (OFC2019) at California. TruRibbon is a fully backward compatible ribbon cable.

KPI Global Infrastructure has secured three orders totalling 1,091.25 KW for executing solar power project under Captive Power Producer (CPP) category. 

The board of directors of Varun Beverage approved fundraising of upto Rs. 1,500 crore through Qualified Institutions Placement (QIP) but its subject to the approval of shareholders in the Annual General Meeting which is to be held on April 17, 2019. 

A navratna firm Bharat Electronics (BEL) and Bharat Forge has entered into a memorandum of Understanding (MoU) for strategic co-operation in the field of defence and aerospace products / systems to jointly capitalise on the emerging opportunities in the domestic market.

The maker of iconic bike Royal-Enfield, Eicher Motors informed bourses that workers have resumed work at Royal Enfield’s Oragadam, Chennai facility and reported to work effective from Saturday, February 23, 2019.

Power Mech Projects has bagged orders worth Rs. 202 crore for various projects including rail works in Kanpur, UP; LPG pipeline work in Mundra-Mithirohar, Gujarat; power cycle piping work at Thiruvallur, TN and O&M works of power unit at Khandwa, Madhya Pradesh.

ABB on Tuesday informed the bourses that it has won its largest traction equipment order in India worth Rs 270 crore for train technology from the Indian Railways. 

The 33rd GST Council meeting is set to be held on February 20. The market participant has started speculating that in this meeting the tax rate on realty sector, lottery, cement, etc. may be reduced. 

Grasim Industries has signed a definitive agreement to acquire the chlor-alkali business of K.P.R. Industries (KPR) by way of a slump sale for a cash consideration of Rs 253 crore. The transaction will be funded through internal accruals.

Bodal Chemicals has informed the bourses that it has re-established the complete production of dye intermediates and dyestuff operations which were disrupted and closed partially on October 22, 2018, due to an environmental issue — leakage of ammonia. 

We are now nearing the end of the third quarter earnings season for FY19. Earnings are what ultimately matters for investors as it gets reflected in the share price. Read on to know who were the top performers in Q3FY19. 

Construction firm, C&C Constructions has won two new orders from Sultanate of Oman and Dedicated Freight Corridor Corporation of India Limited. 

Bharti Airtel informed bourses that its subsidiary, Airtel Networks Kenya Limited (Airtel Kenya) has entered an agreement with Telkom Kenya Limited (Telkom Kenya) for merging their respective Mobile, Enterprise and Carrier Services businesses in Kenya to operate as - 'Airtel- Telkom'.

On the last trading day of the week, the Indian benchmark index BSE Sensex tumbled nearly 1.2 per cent or 425 points at 36,546.50. Also, NSE Nifty closed almost 125.80 points to settle at 10,943.60. This fall was led by negative global cues such as escalation of trade war tension between the US and China.

Jet Airways’ flight for survival seems to be stuck in cloudy skies and in a recent update the company informed the bourses that four of its aircraft have been grounded due to non-payment of amounts outstanding to lessors under lease agreements. 

Varun Beverages Limited, one of the largest franchisee of PepsiCo in the world (outside USA) has informed bourses on Thursday that it intent to enter into a binding agreement to acquire franchise rights from SMV Group in the State of Karnataka (13 districts), Maharashtra (14 districts) and Madhya Pradesh (3 districts), subject to approval.

The PAT for the quarter came in at Rs. 63.92 crore, yoy increase of 73.6 per cent. Finance cost for the quarter jumped 132 per cent yoy to Rs. 33.3 crore. 

The net profit for the quarter grew 23 per cent yoy to Rs. 81.3 crore. Net profit margin for the quarter stood at 5.4 per cent. The company's board has declared an interim dividend of Rs. 0.45 per share. 

Capacite’s order book (excluding MHADA) as on December 31, 2018, stood at Rs 7,519 crore. This strong order book gives revenue visibility for the next 4-5 years. The residential segment contributes nearly 77 per cent to the order book, while the commercial & institutional segment contributes around 23 per cent. 

In the quarter, Insecticides reported EBITDA of Rs. 32 crore which represent growth of almost 39 per cent from corresponding quarter of previous year. With better product mix the company managed to improve its EBITDA margin to 14.8 per cent in Q3FY19 from 13.1 per cent in Q3FY18. 

India has become the second largest steel producing country as its crude steel production in 2018 surpassed Japan’s production. In 2018, Japan Produced around 104.3 MT steel. India's steel output was at 106.5 MT in 2018, up by 4.9 per cent from 101.5 MT in 2017.

Strides Pharma Science’s step-down subsidiary Strides Pharma Canada has entered into an arrangement to acquire 80 per cent stake in Pharmapar Inc., a Canada-based specialised generics front-end company. Canada is a new market for the company and one of top 10 global pharmaceutical markets.

Auto Industry in 2018 has gone through a bumpy ride due to various reasons such as higher ownership cost of vehicle owing to an increase in insurance cost and higher fuel prices. Also, on the demand front, the industry witnessed a setback and even in festive seasons, auto sales were muted as automakers failed to lure customers with heavy discounts.

The IPO market in the second half of 2018 almost dried up as the market sentiments and situation were not lucrative for companies. But in the start of 2019, Chalet Hotels seems to be betting big on the current market conditions with the launch of its primary issue on Tuesday, January 29.

The company’s board of directors have approved the buyback of equity shares under the open market route for an aggregate amount not exceeding Rs 225 crore at a maximum buyback price not exceeding Rs 750 apiece. Also, it has declared an interim dividend of Rs 8 per share. 

confidence petroleum india's consolidated revenue for the quarter came in at rs. 283 crore, registering 15.3% yoy increase. this was primarily driven by growth in both cylinder and lpg divisions, which grew around 12.3 per cent and 17 per cent yoy, respectively.

We are now in mid of FY19 third quarter’s earning seasons and around 14 companies from BSE 100 index have reported their third quarter’s result. On aggregate basis these 14 companies have managed to post stellar net sales performance by recording around 38 per cent growth from corresponding quarter of previous year.

After hitting recent low of US$50 for a barrel, Brent crude is heading northward as the US rig count last week indicated a slowdown in shale drilling.