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According to media reports, the promoters of Cipla, Yusuf Khwaja Hamied and Mustafa Khwaja Hamied were likely sellers. Reports, citing a term sheet issued by Kotak Securities said Cipla promoters will sell as much as 2.5 per cent of the drugmaker on Tuesday for Rs 1,844 crore.

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A total of 21,451 shares changed hands on the counter till 10:05AM (IST)

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Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1381133.31 Crore) operating in IT Software sector.

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To begin with, LIC boasts of the largest network of insurance agents in the country comprising of nearly two crore individual agents contributing 94% to the individual NBP in FY21.

The move, analysts said, is aimed at strengthening the JioPhone Next, a 4G smartphone that RIL has co-developed with Google and is critical for the Indian telecom market leader, Reliance Jio Infocomm’s quest to reach 500 million subscribers, from 421 million at the end of December.

S&P 500 ends down as Russia-Ukraine tensions heat up

Updated at : 2022-02-15 08:20:02

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By the closing bell, the Dow Jones Industrial Average joined the S&P 500 in negative territory, while the Nasdaq Composite Index ended essentially unchanged.

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When you click to buy stocks, the broking company, where you have opened a demat account, places an order on your behalf on the BSE or the NSE. The exchanges then find a match and relay transaction details to the depositories — CDSL or NSDL. These depositories process the actual transfer of shares to your demat account in two business days.

LIC IPO: RBI gears up to tackle cash crunch

Updated at : 2022-02-15 08:20:02

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The government has asked the National Payments Corporation of India to keep the infrastructure ready for managing large volumes for subscriptions and processing refunds. The use of the Unified Payments Interface (UPI) platform would result in money moving very fast in and out of bank deposits.

Crisil, Enkei Wheels, Gujarat Credit Corp, Garbi Finvest, Soma Textiles, Polo Hotels, Mitsh and Advance Syntex are among the companies that will announce their December quarter results today.

Heartbreak day on D-Street as stocks slide over 3%

Updated at : 2022-02-15 08:20:02

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Both indices slumped as much as 3.25% in the last 30 minutes of trading but rebounded slightly after the Nifty hit 16,800, which has been a crucial support for the index in recent weeks. A fall below 16,800 could result in the index declining by as much as 5% in the near term, said analysts.

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