Bse

Gulf Oil Lubricants appreciated 52.46%, as the new entity will trade in the stock exchanges as a “pure lubes play”. The shares ended the day at Rs 250.95 apiece, a gain of Rs 86.35. The listing of the lubricants business happened after the demerger of the lubricants business of Gulf Oil Corporation Ltd, which was spun off into Gulf Oil Lubricants. It will manage the standalone lubricant business in India under the 'Gulf Oil' brand. To mark the event, Sanjay G Hinduja, Chairman, Gulf Oil International, struck the gong to commence the day’s trading at the listing ceremony of GOLIL at the BSE. In an interaction with ET, Hinduja, Chairman, Gulf Oil International, said, “Gulf Oil Lubricants will try to realize its vision of attaining the top 3 lubricant brands position in the industry. The company will continue to outperform the industry by enhancing its distribution, investing in the brand, and securing more OEM tie-ups. “This is in line with our global vision … [Read more...] about Hinduja Group lists Gulf Oil Lubricants on BSE

Kolkata: Coal India (CIL) on Wednesday posted a 55.1 per cent year-on-year fall in its consolidated net profit for the first quarter this fiscal at Rs 2077.51 crore as its sales dipped close to 27 per cent owing to the Covid-19 pandemic. The world’s largest coal miner’s net profit for the first quarter of the last fiscal was at Rs 4,629.9 crore.The coal behemoth’s sales during the April-June period this year fell 26.8 per cent y-o-y to Rs 17,007 crore against Rs 23,223 crore for the same period last year, the company said in a stock exchange filing. Total income for the period under review stood at Rs 19271.8 crore compared with Rs 26089.2 crore in the year-ago period. The miner realised Rs 1,13,896.2 crore in April-June from fuel supply agreement (FSA) at Rs 1359.5 per tonne.The CIL said: “The continuing Covid-19 pandemic has impacted the business of the group adversely. For the first quarlet 2020-21, CIL offtake was 12O.4 MT against the last year same period … [Read more...] about Coal India Q1 net dips 55 per cent

NEW DELHI: Public sector Jammu and Kashmir Bank is looking to raise up to Rs 4,500 crore through equities and debt, according to its annual report.The bank will seek shareholders' approval for the fund raise proposal in its annual general meeting to be held on September 28, 2020, the lender said in its Annual Report 2019-20.The implementation of Basel III guidelines has necessitated the need for banks in India to augment their capital base.This becomes important as Basel III capital requirements call for increase in quantity and quality of capital, besides providing for capital buffer during economic downturn, the lender said in its report.In the light of the economic and business environment in India besides the downward pressures in the financial sector, increase in NPAs, slow growth in overall business variables, among others, the bank gauges the capital requirements for the near to medium term from time to time, it said.Based on these factors in the capital planning exercise … [Read more...] about J&K Bank plans to raise up to Rs 4,500 cr capital via equity, debt

Indian shares rose on Tuesday, with Reliance Industries Ltd leading the charge, as stronger Asian equities and a report of further stimulus for India's virus-hit economy bolstered risk appetite.The blue-chip NSE Nifty 50 index rose 0.31% to 11,390.50, while the benchmark S&P BSE Sensex was up 0.42% at 38,580.00 by 0448 GMT. Both indexes fell more than 2.6% last week.Conglomerate Reliance Industries was the top boost to the Nifty, gaining as much as 1.5%. Media reports said the Mukesh Ambani-controlled company was in talks with players such as Facebook Inc and private equity firms Silver Lake and KKR to invest in its retail arm.Further boosting sentiment, the Mint newspaper said on Monday a second round of stimulus measures for the Indian economy is on the table, as the central government monitors how different sectors are recovering.In the broader market, Asian shares and U.S. futures rose as investors looked to whether high-flying U.S. technology stocks could recover from their … [Read more...] about Indian shares rise on upbeat global cues, Reliance boost

Domestic equities traded on a positive note during the session, but pared all gains at the fag-end of the day tracking weak opening of European equities, traders said. … [Read more...] about Sensex pares intra-day gains to end 52 points lower; Nifty slips below 11,350