Stock market LIVE: Sensex down 350 pts; BSE SmallCap dips 2%, Wipro up 4% | News on Markets

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11:51 AM

Cash-strapped SpiceJet to lay off 1,400 employees as cost-cutting measure

The airline currently employs 9,000 personnel and operates approximately 30 aircraft, including eight wet-leased from foreign carriers. The carrier’s salary bill reportedly amounts to Rs 60 crore, precipitating the need for workforce downsizing. Reports indicate that salary payments have been overdue for several months, leaving many employees awaiting their January remuneration. READ MORE

11:40 AM

Tata Power dips 6% on profit booking post Q3 results

The consolidated revenue for the company in the period under study also registered a modest growth of 3 per cent to Rs 14,841 crore, as against Rs 14,439 crore in the year-ago period. Earnings before interest, tax, depreciation, and amortisation (ebitda) for the quarter grew by 15 per cent year-on-year to Rs 3,250 crore. READ MORE

11:30 AM

ALERT :: Suratwwala Biz Group receives environmental clearance for built area of 90,502 sq. mtr

>> The company is in receipt of Environmental Clearance certificate towards the Building of structures under commercial Development from office of State Environment Impact Assessment Authority (SEIAA), Maharashtra,  of project name “Suratwala Mark Plazzo” situated at Hinjewadi, Taluka Mulshi District Pune having land admeasuring approximately 14,325 sq.mtrs. 




>> With this approval, the company has got the environmental clearance of total built area of 90502 sq. mtrs (974160 sq. ft.) for this project at Hinjewadi location. 


 

11:06 AM

Apeejay Surrendra Park Hotels lists at 21% premium over its issue price

“The company benefits from decades of experience in the hospitality industry, reflected in high occupancy rates and a proven track record of service excellence. Its expansion plans indicate exciting possibilities for future revenue growth. This listing paints a hopeful picture for ASPHL, but a cautious approach is still advised. Thus, those who want to book profit may exit their holdings, and those who want to hold for the long term may keep a stop loss at Rs 168,” said Shivani Nyati, Head of Wealth, Swastika Investmart Ltd. READ MORE

10:55 AM

ALERT :: Dynacons wins major contract worth Rs 90.02 crore from BSNL

>> Dynacons wins major contract worth Rs 90.02 crore from BSNL for providing Integrated Telecom Network & IT Solutions including Command Centre and Network Operations Centre for its premier customer

10:36 AM

ALERT :: Spark Minda enters into strategic alliance for manufacturing of Smart Vehicle Access Systems


>> Minda Corporation has been awarded a significant order for a leading 2W OEM in India to manufacture Smart Key Systems.


 


>> The awarded products will be manufactured at Spark Minda’s state-of-the-art facility in Pune.


 

10:25 AM

Amber Enterprises slips 12% on weak December quarter earnings

That said, Amber plans to expand its portfolio in the electronics (EMS) space by further strengthening its R&D and PCBA (Printed Circuit Board Assembly) manufacturing capabilities through backward integration of Bare PCB Boards and adding new industries in its EMS portfolio with the Government’s encouraging policy framework for domestic manufacturing. READ MORE

10:15 AM

Man Industries up 1% on order win worth Rs 525 crore

>> The company has received new orders of approximately Rs 525 crore

>> The total unexecuted order book as of today stands at approximately Rs1,600 crore to be executed in 6-7 months

>> The company has also been awarded with the Certificate of Appreciation for being Top Exporter of Kandla Customs for the financial year 2023-24

 

10:04 AM

Piramal Enterprises trades over 1% down after nearly 0.9 million shares change hands

>>  About 0.93 million shares worth Rs 82 crore changed hands at Rs 883.2/sh in block deal window


 

9:50 AM

Listing pre-open :: Apeejay Surrendra Park Hotels to likely list at 21% premium

>> Apeejay Surrendra Park hints at 20.6% listing premium on BSE

>> Issue price: Rs 155

9:47 AM

Bandhan Bank at day’s low post Q3 results

>> Private sector Bandhan Bank on Friday reported over two-fold increase in net profit at Rs 733 crore for Q3FY24 on account of improvement in core income.

9:34 AM

Result Reaction :: ONGC falls 1% on 10% YoY drop in net profit

>> Oil and Natural Gas Corporation (ONGC) reported a decline of around 10 per cent to Rs 10,356 crore in Q3FY24, compared to Rs 11,489 crore in the year-ago period.

>> ONGC’s board has approved a second interim dividend of 80 per cent, i.e. Rs 4 per equity share of face value of Rs 5 each for the fiscal 2023-24.

9:31 AM

Navin Fluorine gains 2% as LIC ups stake

>>  Life Insurance of India (LIC) has increased its stake in the company to 7.07 per cent from 5.03 per cent earlier.

9:29 AM

Railtel Corporation slips 2% on profit booking post order win

>> Company has received order worth Rs 18.21 crore from the Minsitry of Defence.

9:28 AM

Orient Press zooms 14% as it forays into candle biz

>> The Board has approved for setting up of new manufacturing facility/plant for new line of business of production of candles.

9:26 AM

IRCTC in red as it incorporates payment aggregator arm

>> IRCTC has incorporated a wholly-owned subsidiary company in the name of ‘IRCTC Payments Ltd’ for the purpose of payment aggregator business.



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