StockMarket

Power lunch with Warren Buffett can cost at least $2.9 million
You can now bid for the chance to have Warren Buffett join you and up to seven friends for lunch.

Now in its 19th straight year, the Power Lunch with Warren Buffett auctions a meal with the Berkshire Hathaway CEO, with all of the proceeds going to charity.

Bidding on eBay opened Sunday at $25,000, and the highest bidder had escalated the price tag

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Dollar Industries FY18 profit up 48% at Rs 64 crore
KOLKATA: Dollar Industries reported a nearly 48 % jump in its consolidated net profit to Rs 64.25 crore for financial year 2017-18 as against Rs 43.46 crore profit registered in the previous fiscal.

While total revenue stood at Rs 984.52 crore for 2017-18 as compared to Rs 887.53 crore in 2016-17, profit before tax during the year under review was

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Stock market update: 15 stocks touched 52-week highs on NSE on Wednesday
NEW DELHI: Radico Khaitan, Varun Beverages, Pidilite Industries, Merck, Mahindra - Mahindra, Avenue Supermarts and Dabur India stood among the 15 stocks that touched 52-week highs on NSE on Wednesday.

Shares of Merck (up 20 per cent), Jindal Poly Films (up 19.99 per cent) and Nava Bharat Ventures (up 19.99 per cent) zoomed up to 20 per cent in

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Stock market update: HDFC Bank keeps Nifty Private Bank index marginally up
NEW DELHI: In line with public-sector bank stocks, most private bank stocks too were suffering losses during early trade on Thursday.

However, gains in HDFC Bank (up 1.99 per cent), IndusInd Bank (up 0.38 per cent) and Kotak Mahindra Bank (up 0.13 per cent) were keeping the sectoral index marginally up.

The Nifty Private Bank index was trading

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Dollar Industries FY18 profit up 48% at Rs 64 crore
KOLKATA: Dollar Industries reported a nearly 48 % jump in its consolidated net profit to Rs 64.25 crore for financial year 2017-18 as against Rs 43.46 crore profit registered in the previous fiscal.

While total revenue stood at Rs 984.52 crore for 2017-18 as compared to Rs 887.53 crore in 2016-17, profit before tax during the year under review was

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Tech view: Nifty forms small bullish candle; stays below its 20-day SMA
NEW DELHI: The Nifty50 settled lower on Wednesday, but defended its supports at 10,600 and 10,550 well to settle with marginal losses. The index formed a small bullish candle on the daily chart, even as it continued to form lower highs and lows for the second session.

The said supports stayed intact as the Nifty50 headed for F-O expiry on

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Economist Shah booked for manipulating NSE software
NEW DELHI: In a sensational case, CBI has booked unknown officials of National Stock Exchange (NSE), Securities Exchange Board of India (Sebi), promoter of stock-trading company OPG Securities Sanjay Gupta and an economist and former consultant in the finance ministry, Ajay Narottam Shah, for manipulating NSE software to get prior access to the
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Dilip Buildcon Q4 profit up 11% at Rs 217 crore
Highways sector player Dilip Buildcon today reported a 11.01 per cent jump in its standalone net profit to Rs 217.7 crore for the quarter ended March 2018.

The company had clocked a standalone net profit of Rs 196.1 crore for the year-ago quarter.

Its total income rose to Rs 2,562 crore during the quarter as against Rs 1,753.5 crore in the

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Stock market update: These stocks zoomed up to 20% despite weak market sentiment
NEW DELHI: Shares of Merck (up 20 per cent), Jindal Poly Films (up 19.99 per cent) and Nava Bharat Ventures (up 19.99 per cent) zoomed up to 20 per cent in an otherwise weak market, emerging among the top gainers of Wednesday's session.

Crisil (up 12.76 per cent), Bodal Chemicals (up 10.46 per cent), MSP Steel - Power (up 9.87 per cent) and

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Stock market update: PSU bank stocks suffer losses; OBC, SBI slip 1%
NEW DELHI: Most PSU bank stocks were incurring losses during morning trade on Thursday.

The Nifty PSU Bank index was trading 0.81 per cent down at 2,935 around 10:25 am, with 11 stocks, out of total 12, declining in trade.

PSU banks are on a 2-day strike to protest against a "meagre" 2 per cent salary hike offered by Indian Banks Association

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IOB Q4 loss widens to Rs 3,607 crore on rising bad loans
Public sector lender Indian Overseas Bank (IOB) witnessed widening of losses to Rs 3,606.73 crore in the March quarter due to higher provisioning for mounting bad loans.

The bank had registered a net loss of Rs 646.66 crore in the same quarter of previous fiscal.

The loss was mainly due to provisioning requirements including higher provisions on

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Fortis defers announcement of Q4, annual financial results to June 11
Fortis defers announcement of Q4, annual financial results to June 11 - The TheIndianSubcontinent

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ICICI Bank drops 2% on probe against Chanda Kochhar
ICICI Bank crashed 2 per cent on Thursday after the board ordered an independent probe against its CEO Chanda Kochhar.

The inquiry, including a forensic audit, will look into a whistleblower's allegations of violations of the bank’s code of conduct, rules on conflict of interest and any impropriety involving quid pro quo dealings with certain b

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MCX sees record turnover, volumes in gold options

Multi Commodity Exchange of India Ltd (MCX) witnessed a record turnover and volume of Rs 2,021 crore and 6443 kilograms (kg) respectively on Tuesday in gold options contract, according to a release issued by the exchange.

The release added that "This signifies the increasing acceptance of gold options amongst market participants. The physical

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Stock market update: Realty stocks mixed; DLF up, but Sobha, Unitech suffer
NEW DELHI: Realty stocks were trading mixed during afternoon trade on Wednesday.

Shares of Brigade Enterprises (up 1.11 per cent), Prestige Estates Projects (up 0.98 per cent), DLF (up 0.71 per cent) and Housing Development - Infrastructure (up 0.53 per cent) were trading up.

However, Sobha (down 3.32 per cent), Phoenix Mills (down 1.14 per

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PW quits as auditor of BSE-listed Atlanta
Mumbai: Price Waterhouse (PW), a network firm of PwC India has quit as auditor to BSE-listed construction and infrastructure company Atlanta Limited after it apparently refused to share details of an ongoing income tax investigation and the resignation of an independent director.

The income tax department is investigating sources of some of the

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What is making India tick Pricing has got the power
Not any more a kid in a candy store. It's all about the new-found joy of pricing power and getting the goodies you want.

That's the analogy Kenneth Andrade used trying to describe the current business environment in India.

"The easier process in 2017 and 2016 was raising money and deploying money was the more difficult process. Today, I think it

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Stock market update: Pharma stocks under pressure; Aurobindo Pharma among top losers
NEW DELHI: Most pharma stocks were experiencing the heat of selling during afternoon trade on Wednesday, keeping the sectoral index down.

The Nifty Pharma index was trading 0.80 per cent down at 8,343 around 01:45 pm with only 2 components, out of total 10, trading with gains.

Glenmark Pharmaceuticals (down 2.99 per cent), Piramal Enterprises

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Tata Consultancy Services shares turn ex-bonus
Shares of Tata Consultancy Services (TCS), the largest Indian IT firm by sales, turned ex-bonus on Thursday.

The IT major announced a 1:1 bonus for its shareholders on its 50th anniversary.

The scrip was trading 0.19 per cent down at new adjusted price of Rs 1,755.45 today morning. The BSE Sensex was up 95 points, 0.27 per cent, at 35,000 at

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Satin Creditcare Q4 profit rises to Rs 44 cr
Mumbai: Satin Creditcare reported profit after tax of Rs 44.1 crore during the quarter ended March 31, 2018 on robust lending to micro borrowers.

"Being the most impacted MFI, we have swiftly recovered from the impact of demonetisation and returned back to profitability in Q2FY18,” said HP Singh chairman and managing director Satin Creditcare.

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By Andy MukherjeeA stock connect between India and Singapore, modeled on the popular Shanghai-Hong Kong link, died before it could be born. Blame a mix of chest-thu mping nationalism on the Indian side and political naivete on the part of the Singaporeans.

Singapore Exchange Ltd. was asked by the High Court in Mumbai on Tuesday to suspend the

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Stock market update: Punj Lloyd surges over 15% on upbeat Q4 numbers
NEW DELHI: Emerging among the top gainers, shares of Punj Lloyd (up 15.48 per cent) jumped over 15 per cent in morning trade on Thursday.

The infrastructure firm on Wednesday reported a standalone profit of Rs 944 crore for the quarter ended March 2018.

The company had posted a loss of Rs 181.58 crore for the same period last year.

Total income

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Fallout of NSE-SGX fight: MSCI looking to cap Indiaweightage
By Andrea Tan and Benjamin RobertsonMSCI Inc., one of the world’s biggest index compilers, is placing emerging markets including India and Brazil on notice for limiting investor access.

The two countries, along with Turkey and South Korea, are “potential future examples” of markets whose weights could be capped on MSCI indexes, the New Yor

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Stock market update: Nifty IT trades with small gains; Tech Mahindra, HCL Tech in the green
NEW DELHI: IT stocks Infibeam Incorporation (up 1.72 per cent), Tech Mahindra (up 1.33 per cent), Tata Elxsi (up 1.10 per cent), KPIT Technologies (up 0.84 per cent) and HCL Technologies (up 0.26 per cent) were trading in the positive territory during afternoon trade on Wednesday.

The Nifty IT index was trading 0.18 per cent up at 13,585 around

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The penultimate day of the expiry of the current derivative series saw the Nifty50 oscillating in an 80-point range. Stocks made a modestly negative opening and got weaker in the early trade. However, a sharp recovery followed, and after a ranged oscillation, the Nifty ended 18.95 points or 0.18 per cent lower.

For Thursday, we expect the market

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Stock market update: Nifty Bank settles in the green; YES Bank, Kotak Bank, SBI top gainers
NEW DELHI: The Nifty Bank index settled 0.28 per cent up at 26,328 on Wednesday, backed by gains in YES Bank (up 1.73 per cent), Kotak Mahindra Bank (up 1.39 per cent) and State Bank of India (up 1 per cent).

Shares of HDFC Bank (up 0.88 per cent), IndusInd Bank (up 0.70 per cent) and Punjab National Bank (up 0.47 per cent) also managed to close

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Stock market update: Nifty FMCG index down; ITC, Britannia among top drags
NEW DELHI: FMCG stocks Marico (down 1.15 per cent), Britannia Industries (down 0.95 per cent), ITC (down 0.93 per cent) and Jubilant Foodworks (down 0.91 per cent) were incurring losses during afternoon trade on Wednesday.

Stocks such as United Breweries (down 0.77 per cent), Procter - Gamble Hygiene - Healthcare (down 0.15 per cent),

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ONGC reports 36% jump in Q4 profit at Rs 5,915 crore
New Delhi: Oil and Natural Gas Corp (ONGC) has reported a 36% jump in profit for the fourth quarter on higher crude prices and lower statutory levies.

Profit rose to Rs 5,915 crore in the three months to March. Revenue from operations grew 10% to Rs 23,969 crore.

International oil prices are up about 60% in a year, boosting revenues and profits

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Stock market update: 70 stocks hit 52-week lows on NSE
NEW DELHI: As many as 70 stocks including Bannari Amman Sugars, Bharati Defence and Infrastructure, Eveready Industries India, Sundaram Finance Holdings and Zylog Systems hit 52-week lows on NSE on Wednesday.

Indian equity benchmarks extended losses to the second day on Wednesday on losses in bank, financial, capital goods, pharma, oil - gas

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Italian stocks attempt comeback amid tepid European market
LONDON: A modest recovery in Italian stocks failed to lift European equities more broadly in early trading on Wednesday, as investors mulled the possibility of fresh Italian elections as early as July.

The pan-European STOXX 600 index was down 0.1 per cent by 0722 GMT, while Germany's DAX rose 0.2 per cent.

Late on Tuesday sources said that Italy

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