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Category Archives: Top Corporate News

US markets end in green, treasury yields slip on US inflation data

The Dow Jones Industrial Average rose 44.28 points, or 0.19 percent, to 22,885.29, the S&P 500 gained 4.63 points, or 0.18 percent, to 2,555.56 and the Nasdaq Composite added 19.10 points, or 0.29 percent, to 6,610.61. European shares rose to their highest in nearly four months, helped by corporate earnings updates. The pan-European FTSEurofirst 300

TOP CORPORATE NEWS – 13 OCT 2017

Karnataka Bank Q2FY18 standalone net profit declines 24.6% yoy to Rs.93.4 crore Karnataka Bank reported its Q2FY18 results today. NII for the quarter increased by 10.9% yoy to Rs.440 crore vs Rs.397 crore in previous year corresponding quarter. This was largely due to almost flat growth of 0.9% yoy in interest earned to Rs.1318 crore

Stocks to look out for today: 13 OCT 2017

During the previous trading session, Nifty opened the session on optimistic note and as the day progressed it continued to trade higher and end the session near day’s high. Nifty managed to close above its 78.6% retracement and it went past its swing high of 10,067. Day’s action formed a sizeable bull candle. Going forward,

TOP CORPORATE NEWS- 12 OCT 2017

Cyient Q2 earnings better than estimates Cyient Q2 earnings highlights: Net Profit surges 29% at Rs109.7 crore Revenue up 6% at Rs965.4 crore EBITDA up 23.4% at Rs139.8 crore Ø Realty stocks in demand Realty stocks after Finance Minister Arun Jaitley was quoted as stating that there is a strong case to bring real estate

TOP CORPORATE NEWS- 11 OCT 2017

Bharti Airtel, Infratel stock soar; KKR-led fund may buy arm Infratel Shares of Bharti Airtel hit a three-week high on Wednesday after a media report said a global consortium, led by private equity firm KKR &  Co, is in talks to acquire the company’s subsidiary Bharti Infratel and Indus Towers for around $11 billion. The

TOP CORPORATE NEWS- 10 OCT 2017

Vedanta reports 42% increase in mined metal production at Zinc India Vedanta Resources said that the mined metal production at its Indian zinc unit increased by 42% in the first half, boosted by higher ore production across all its mines. The company, which mines zinc in the western Indian state of Rajasthan, said integrated zinc

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