Latest Stock Market News

During the quarter, total revenue stood at Rs 6,442.8 crore, up 71 per cent against Rs 3,767.4 crore in the year ago period.At the operating level, Ebitda rose 53 percent to Rs 1,527 crore in the third quarter of this fiscal over Rs 1000 crore in the year ago period.

The biggest contribution came from the biosimilars business, which reported a 54% increase in revenues to Rs 1,507 crore. Research Services revenues (Syngene) rose 23% YoY to Rs 786 crore and generics business revenues grew 18% YoY to Rs 718 crore.

Quarterly revenue for the cash-strapped telco was flat sequentially and up 9.3% on-year, to Rs 10620.6 crore in the October-December quarter, helped by “improving subscriber mix, tariff interventions and 4G subscriber additions.,” the company said Tuesday

According to bulk deal data available with the BSE, Investcorp Private Equity Fund II sold 4,50,000 shares, amounting to 1.89 per cent stake in the company.The shares were sold at an average price of Rs 1,861.44 per piece, taking the transaction value to Rs 83.76 crore

CCI has approved acquisition of certain equity share capital of LT Foods Ltd by SALIC International Investment Corporation, according to an official release.Last year in November, LT Foods said it has raised nearly Rs 390 crore by selling shares to Saudi Agricultural and Livestock Investment Company (SALIC) through private placement

​According to the release on Tuesday, Adani Group’s gross debt stood at Rs 2.26 lakh crore ($27.3 billion) at the end of September, and that amount is forecast to remain steady through the end of March

The U.S-based firm, which manages nearly a trillion dollars in assets globally, said India is one of its best-performing markets

True North may consider selling some of its stake, according to the report. A deal could also involve issuing new shares, it said. However, deliberations are still at an early stage. Details such as size and structure could change and the insurer could decide not to go ahead with the stake sale, it added

Traders are now betting heavily that the Fed will continue to raise rates, by a quarter of a percent at each of its next two meetings in March and in May, based on pricing in futures contracts tied to the Fed policy rate. That would bring the benchmark rate to where Fed policymakers have since December said it will need to go to be "sufficiently restrictive" to bring down inflation

Below are the key additions and deletions by mutual fund houses for the last three consecutive months across market capitalisation. Take a look. For more such web stories click on the ET icon below