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Latest Stock Market News

Indus Towers Q2 up 38% on year; colocations rise

Updated at : 2021-10-26 01:20:01

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Consolidated revenue for the fiscal first quarter stood at Rs. 6,877 crore, up 8 per cent on-year and consolidated earnings before interest tax depreciation and amortization (EBITDA) increased 17 per cent to Rs 3,641 crore.

Canara Bank raises Rs 1,500 cr through bonds

Updated at : 2021-10-26 01:20:01

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The bank said as many as 16 allottees have been issued the non-convertible, perpetual, taxable, subordinated bonds bearing a coupon of 8.40 per cent, it said.

The credit card giant said it would offer these services in partnership with Bakkt Holdings Inc, the digital assets platform founded by NYSE-owner Intercontinental Exchange.

Tesla breaches $1 trillion market cap

Updated at : 2021-10-26 00:20:01

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Tesla Inc on Monday breached a trillion dollars in market capitalization, the fifth U.S. company to join the club.

The company reported a consolidated profit of Rs 42 crore during the period under consideration, 77 per cent lower than last year.

The rating, according to Sharekhan, will allow investors to understand how the companies in their portfolios are managing their environmental, social, and governance – or ESG – risks relative to their peers.

Axis Securities expects the bank to log a net profit of Rs 1,993 crore, down 8.8 per cent over Rs 2,184 crore in the year-ago quarter. It sees NII rising 2.7 per cent YoY to Rs 4,020 crore from Rs 3,913 crore YoY.

Tuesday is likely to see a positive start to the day. The levels of 18190 and 18270 will act as probable resistance points; the supports will come in at 18065 and 17950 levels.

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Nifty50 seems to have smartly recoiled after testing its 20-day simple moving average, which has resulted in a Hammer kind of formation, said Mazhar Mohammad of Chartviewindia.in.

The Indian government is planning to compartmentalise virtual currencies and their tax treatment on the basis of their use case — payments, investment, or utility.

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