Infosys shares drop 1% over alleged Rs 32,000 crore GST evasion

Infosys shares dropped by 1% following news of an investigation by the Directorate General of GST Intelligence regarding a Rs 32,000 crore GST evasion. Infosys clarified via a filing that GST should not apply to services by overseas branches and asserted compliance with all GST obligations.

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Stocks in news: ITC, Tata Motors, Zomato, Adani Enterprises, Infosys

Markets experienced a slight uptick on Wednesday. Key companies such as ITC, Tata Motors, and Infosys will be under focus due to their quarterly results. Tata Steel and Coal India reported profit growths, while Infosys faces a GST investigation concerning Rs 32000 crore. Bank of Baroda and Sonata Software also posted their quarterly results.

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Stocks in news: Maruti, M&M, Tata Consumer, Adani Energy, Vedanta

Sensex and Nifty achieved new record highs amid volatile trading, continuing their three-day winning streak. Stocks like Maruti, M&M, and Tata Consumer were highlighted due to earnings and news. Significant profit reports came from GAIL and Indus Towers. Additionally, Vedanta received creditor approval for its demerger scheme filing.

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Donald Trump says he 'probably' will debate Kamala Harris but 'can also make a case for not'

Donald Trump appeared uncertain about debating Kamala Harris, after previously committing to it. In a Fox News interview, he mentioned that both candidates are well-known and highlighted his past reluctance to participate in debates. His comments to Christians about not needing to vote in the future sparked concerns, posing questions about his intentions.

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Two early Ola Electric investors to reap up to 824% returns in biggest IPO this year

Ola Electric IPO Latest News: Tiger Global, through its arm Internet Fund Pte, has acquired the shares at Rs 11.70 and will get around 549% return on investment through the IPO. The PE firm is selling about 63.6 lakh shares under the OFS and is likely to make a profit of Rs 49 crore.

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Australia to invest $18 million for Cable Connectivity & Resilience Centre in Indo-Pacific

“This work is integral to the prosperity and security of our region. From emails to e-commerce, accessing news, social media and streaming content, we rely on a vast network of undersea cables, which carry over 95 per cent of international data traffic,” Australian Foreign Ministry said in a statement.

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Stocks in news: L&T, Axis Bank, HUL, Bajaj Finance, Tata Consumer

Equity markets react to capital gains tax hike but recover losses. Focus on L&T, Axis Bank, HUL, Bajaj Finance, Tata Consumer for news developments and earnings. Companies like Bajaj Finance and ICICI Pru Life report positive profit growth. South Indian Bank plans fund raising, while Torrent Pharma and Tata Consumer announce financial results.

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Stocks in news: HUL, Bajaj Finance, Suzlon Energy, Federal Bank, Gensol Engineering

Domestic markets closed lower on Monday with Reliance Industries and Kotak Bank under pressure. HUL and Bajaj Finance to announce Q1 results. Suzlon Energy reports impressive 200% YoY profit growth. Federal Bank appoints new MD and CEO. Gensol Engineering secures 116 MW solar project bid in Gujarat. TCS expands partnership with Rolls Royce. Coal India wins bid for graphite block.

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Stocks in news: IDBI Bank, Suzlon Energy, RIL, HDFC Bank, Kotak Bank, JSW Steel

Profit booking causes dip in equity indices after rally. IDBI Bank, Suzlon Energy, RIL, HDFC Bank, Kotak Mahindra Bank, and JSW Steel in focus. RIL's profit down 5%. Major updates from YES Bank, Vedanta, JK Cement, HDFC Life, Patanjali Foods, Zaggle Prepaid, Jubilant Pharmova, EMS JV. Kotak Mahindra Bank posts Rs 6,250 crore profit.

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Stocks in news: RIL, Wipro, Paytm, Infosys, Tata Technologies

Nifty50 reaches 24,800; RIL, Wipro, Infosys, Tata Technologies reveal first-quarter results. Vodafone Idea issues Rs 615 crore in equity shares. Infosys records 3.6% revenue growth, broad-based in constant currency. Tata Technologies' profit falls 15%. CIE Automotive earns Rs 217 crore. JSW Steel's results await.

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Stocks in news: Infosys, Tata Technologies, Asian Paints, Nazara Technologies, Adani Green

Domestic markets reach record levels with companies like Infosys and Asian Paints announcing first quarter results. Adani Green reports a significant increase in energy sales while Angel One experiences a decline in profits. Nazara Technologies faces GST liability issues. L&T Finance and Bajaj Finance see positive financial results.

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Stocks in news: Bajaj Auto, SpiceJet, Jio Financial, HUL, Vedanta, ZEE

Domestic markets saw positive trends with various companies like Bajaj Auto, SpiceJet, and Jio Financial making news. Vedanta launches QIP issue, while HDFC AMC reports profit jump. Updates on Angel One, Vodafone Idea, Unichem Labs, and more. Stay informed on the latest developments in the financial sector.

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Pakistan government to ban jailed ex-PM Imran Khan's party for alleged anti-state activities

Information Minister Attaullah Tarar announced that the federal government has decided to ban the Pakistan Tehreek-e-Insaf (PTI), alleging that the former ruling party was involved in anti-state activities, The News International reported.

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Stocks in news: HCL Tech, DMart, Jio Financial, HDFC Life, Kotak Bank

Domestic markets reached record highs. HCL Tech, DMart, Jio Financial, HDFC Life, Kotak Bank, HDFC AMC, and Angel One focus on results. Ashok Vaswani, Kotak’s new chief, stresses tech transformation. HCL Tech reports Rs 4,257 crore profit, Aurobindo Pharma plans share buyback, Blue Star's Rs 27,500 crore market growth projected. DMart profits Rs 774 crore. IREDA profits Rs 384 crore.

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Stocks in news: TCS, HCL Tech, Anand Rathi Wealth, Prestige Estates, RIL

Domestic markets closed steady with focus on TCS, HCL Tech, Anand Rathi Wealth, and others for their first quarter results. Companies like RIL's Ethane Crystal LLC and Prestige Estates face challenges. GTPL Hathway shows growth in revenue. Oriental Rail Infra secures a significant order from Indian Railways. Adani Wilmar expands stake in OCIPL.

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Stocks in news: Nykaa, TCS, Tata Elxsi, Glenmark Life, YES Bank, Siemens

Markets fell half a percent. TCS, Tata Elxsi, Anand Rathi Wealth, and Akme Fintrade Q1 results are in focus. Canada Pension Plan sold Nykaa shares at Rs 174 apiece. Glenmark promoters to sell a 7.85% stake. Moody's affirmed YES Bank's Ba3 rating. Siemens and RVNL won the Bangalore Metro Rail Corp project. Kesoram posted a Rs 62 crore Q1 loss.

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Stocks in news: Delta Corp, Paytm, Delhivery, Mankind Pharma, JSW Steel

Sensex and Nifty hit records. Delta Corp's Q1 profit dips 34% to Rs 40.48 crore from Rs 61.43 crore last year. Paytm's One97 Communications faces labor notice. Bandhan Bank staff seek legal aid. JSW Steel updates production. Delhivery's equity sold by pension board. Hema CIPEF to sell Mankind Pharma stake. RVNL wins Nagpur Metro project. Mahindra cuts XUV700 price.

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Stocks in news: Jupiter Wagons, Nestle, RailTel, Bandhan Bank, Godrej Consumer, PG Electropast

Jupiter Wagons’ QIP floor price is Rs 689.47. Nestle declared an interim dividend. Govind Singh remains Utkarsh SFB CEO. Godrej Consumer grew in Q1. Bandhan Bank launched trade products. JSW Steel targets net zero by 2050. Maruti delivered 2 million cars by rail. RailTel suggested FY24 dividend. Preeti Engineering started QIB. Mphasis goes ex-dividend. PG Electroplast stock split.

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Stocks in news: HDFC Bank, IDFC First Bank, IDBI Bank, Dr Reddy's, Lloyds Metals

HDFC Bank advances rose 53% to Rs 24.87 lakh crore. LIC boosted IDFC First Bank's stake to 2.68%. Dr Reddy's, Sun Pharma recalled items in the US. PNB's global business grew 10%. Raymond Realty, Poonawalla Fincorp, IDBI, Ujjivan SFB, Lloyds Metals, RBL Bank's deposits rose 18%, and Mahindra Lifespace will redevelop Mumbai societies.

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Stocks in news: Bajaj Finance, Vedanta, L&T Finance, Hindustan Zinc, Star Health

Nifty surpasses 24,300 with bullish momentum. Key companies perform well: Bajaj Finance, Vedanta, L&T Finance. Hindustan Zinc focuses on silver production growth. Indiabulls Housing Finance rebrands to Sammaan Capital. Star Health targets doubling Gross Written Premium.

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Employer arrested for Indian farm worker's death in Italy

Satnam Singh was abandoned by his employer after a strawberry wrapping machine severed his arm in Lazio, near Rome, last month and died due to "copious bleeding", the ANSA news agency reported.

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Stocks in news: YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc

Indian markets corrected impacting shares of YES Bank, DMart, and Kotak Bank. Despite this, Zomato and Hindustan Zinc were affected, with DMart reporting increased revenue. Additionally, HDFC Bank's weight in the index may increase, as YES Bank reported growth in loans. Force Motors sales declined, KEC International secured new orders, and IEX saw an increase in electricity volume.

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Stocks in news: Patanjali Foods, IOL Chemicals, Carysil, Tata Steel, Coal India

Coal India's coal production rose 8% to 189.3 million tonnes in the first quarter. Patanjali Foods approved the acquisition of the home and personal care business. DCX Systems received a Rs 1,250 crore order.

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