Maruti Suzuki India, Axis Bank joins Rs 1-lakh-cr market-cap club
Posted on 31st October 2014 |
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| Maruti Suzuki India, the country’s largest carmaker and Axis Bank, the third largest private bank, have joined the elite club of companies with market capitalisation (m-cap) of more than Rs 1 lakh crore. Shares of both these companies hit their respective lifetime highs during intra-day deal on the bourses. At 1340 hours, shares of Axis Bank up about 2% to Rs 437 on the BSE, taking its market value to Rs 1,03,154 crore. Axis Bank is at the nineteen positions in overall market capitalization ranking, now joined HDFC Bank, State Bank of India and ICICI Bank, which having m-cap of more than Rs 1 lakh crore. Maruti Suzuki India scrip too surged nearly 3% to Rs 3,331 on the BSE, taking its market value to Rs 1,00,594 crore. The company has become the second auto company after Tata Motors to cross the Rs 100,000 crore marks. Axis Bank hits a record high of Rs 440, while Maruti Suzuki India touched a lifetime high of Rs 3,349 in intra-day deals on BSE. With the addition of Axis Bank and Maruti Suzuki India, total companies having m-cap of more than Rs 1 lakh crore now has 20 members. There are four each companies from information technology and banking sectors and two each from automobiles, fast moving consumer goods (FMCG) and oil and gas sectors are in the list.
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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