Reliance Infra gets nod for Naval & land defence systems

The company has received nod for Naval & Land Defence Systems.

Reliance Infrastructure Ltd has announced that it has received nod for Naval & Land Defence Systems.

Reliance Infrastructure Ltd is currently trading at Rs. 419.25, up by Rs. 8.75 or 2.13% from its previous closing of Rs. 410.5 on the BSE.

The scrip opened at Rs. 414 and has touched a high and low of Rs. 420.8 and Rs. 407.5 respectively. So far 1362396(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 10795.74 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 671.5 on 19-Nov-2014 and a 52 week low of Rs. 282.2 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 422 and Rs. 381 respectively.

The promoters holding in the company stood at 48.53 % while Institutions and Non-Institutions held 35.6 % and 13.09 % respectively.

The stock is currently trading below its 200 DMA.

Oil & gas shares jump on softening crude oil price; Gujarat Gas flares 11%

The Oil Ministry’s demand to reduce or abolish cess on crude oil has propelled buying in shares of this sector.

A softening trend in the prices of crude oil coupled with strong expectation of a further fall in the crude oil prices have helped the oil, gas and exploration shares to post impressive surge on BSE today.

Also, the Oil Ministry’s demand to reduce or abolish cess on crude oil has propelled buying in shares of this sector.

Shares of GAIL are currently trading 8.85% higher at Rs. 344.95 on BSE. It opened higher at Rs. 321 as against its previous close of Rs. 316.90 and hit a high and a low of Rs. 351.40 and Rs. 321 respectively. So far, 4.20 lk shares have changed hands on BSE.

Gujarat Gas is currently trading 10.83% higher at Rs. 537.25 on BSE. It opened higher at Rs. 490.50 as against its previous close of Rs. 484.75 and hit a high and a low of Rs. 570.75 and Rs. 490.50 respectively. So far, 1.52 lk shares have changed hands on BSE.

Shares of Alphageo India are currently trading 6.36% higher at Rs. 585 on BSE. It opened higher at Rs. 554.25 as against its previous close of Rs. 550 and hit a high and a low of Rs. 591 and Rs. 553 respectively. So far, 7,710 shares have changed hands on BSE.

Petronet LNG is currently trading 6.11% higher at Rs. 218.70 on BSE. It opened higher at Rs. 208.25 as against its previous close of Rs. 206.10 and hit a high and a low of Rs. 224.60 and Rs. 208.25 respectively. So far, 3.74 lk shares have changed hands on BSE.

Shares of Indraprastha Gas are currently trading 4.06% higher at Rs. 483 on BSE. It opened higher at Rs. 471.75 as against its previous close of Rs. 464.15 and hit a high and a low of Rs. 496 and Rs. 471.75 respectively. So far, 62,000 shares have changed hands on BSE.

Indian Oil Corporation (IOC) is currently trading 1.41% higher at Rs. 412.80 on BSE. It opened lower at Rs. 406.40 as against its previous close of Rs. 407.05 and hit a high and a low of Rs. 414 and Rs. 404.75 respectively. So far, 40,000 shares have changed hands on BSE.

Shares of BPCL are currently trading 1.61% higher at Rs. 921.50 on BSE. It opened lower at Rs. 901.30 as against its previous close of Rs. 906.90 and hit a high and a low of Rs. 924.50 and Rs. 900.60 respectively. So far, 63,000 shares have changed hands on BSE.

Jindal Steel soars 7% on clean chit from CCI

The CCI reportedly said that the commission did not find ample evidence to support allegation of cartelization.

Shares of Jindal Steel and Power Ltd  surged by by 7.05% on BSE after media report stating that the fair trade regulator, Competition Commission of India (CCI), has given a clean chit to the company regarding allegations of cartelization.

The CCI reportedly said that the commission did not find ample evidence to support allegation of cartelization.

JSPL’s stock opened higher at Rs. 89.75 as against its previous close of Rs. 81.60. It hit a high and a low of Rs. 94.10 and Rs. 85.90 respectively. So far, total 32.49 lk shares have changed hands on BSE.

According to the report, The case pertains to the government’s decision of cancelling the coal mine bids of JSPL and Balco for four blocks amid reports of speculation of cartelization during auctions. Earlier this year, in February, JSPL had won Gare Palma IV-2 and IV -3 mines in India’s coal auction by quoting Rs.108 per tonne for mine. However, the allocation was cancelled on march 20 March and the mines were placed with Coal India Ltd.

The scrip opened at Rs. 89.75 and has touched a high and low of Rs. 94.1 and Rs. 85.9 respectively. So far 24985279(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7465.62 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 208 on 20-Feb-2015 and a 52 week low of Rs. 56 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 83.6 and Rs. 70.1 respectively.

The promoters holding in the company stood at 61.89 % while Institutions and Non-Institutions held 19.53 % and 18.58 % respectively.

The stock is currently trading below its 200 DMA.

Jubilant FoodWorks rises 3% on partnership with Zippr

The company an operator of Dominos pizza stores in India has partnered with Zippr, a Hyderabad based startup to solve the problem of complex addresses.

Jubilant FoodWorks rises 3% to Rs.1,448 on BSE. The company an operator of Dominos pizza stores in India has partnered with Zippr, a Hyderabad based startup to solve the problem of complex addresses. The partnership will allow Domino's consumers to seamlessly share their address during checkout on Domino's online ordering platforms. 

The company said the Zippr has found a unique solution to India's address woes. It has a 8-character code called a 'Zippr' that replaces the 4-line address and enables anyone to use it to share with Emergency services, E-Com, Food Delivery and every place you potentially need an address.  

The scrip opened at Rs. 1441 and has touched a high and low of Rs. 1475.95 and Rs. 1433.75 respectively. So far 371766(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9228.56 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1984 on 17-Jul-2015 and a 52 week low of Rs. 1273 on 17-Dec-2014. Last one week high and low of the scrip stood at Rs. 1440.95 and Rs. 1343 respectively.

The promoters holding in the company stood at 48.79 % while Institutions and Non-Institutions held 45.42 % and 5.79 % respectively.

The stock is currently trading above its 200 DMA.

NOCIL spurts 7%

The scrip opened at Rs. 47.55 and has touched a high and low of Rs. 51.5 and Rs. 47.5 respectively.

NOCIL has jumped 7% to Rs.51 on high volume. 

The scrip opened at Rs. 47.55 and has touched a high and low of Rs. 51.5 and Rs. 47.5 respectively. So far 2739211(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 765.36 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 55.5 on 23-Jul-2015 and a 52 week low of Rs. 31.9 on 17-Dec-2014. Last one week high and low of the scrip stood at Rs. 48.95 and Rs. 46.6 respectively.

The promoters holding in the company stood at 37.55 % while Institutions and Non-Institutions held 2.53 % and 59.91 % respectively.

The stock is currently trading below its 100 DMA.

Pfizer climbs as talks on merger with Allergan advances

The stock opened higher at Rs. 2,426.75 as against its previous close of Rs. 2,420.75. Report suggest's that Pfizer Inc,the parent company, is in advanced talks to buy Allergan for as much as US$ 380 per share

Stock of Pfizer Ltd is currently trading 0.89% higher at Rs. 2,442.35 on BSE on reports about Pfizer Inc., the parent company, is in advanced talks to buy Allergan for as much as US$ 380 per share, valuing the Botox maker at as high as $150 billion in what would be the drug industry’s largest ever deal.

The stock opened higher at Rs. 2,426.75 as against its previous close of Rs. 2,420.75. It hit a high and a low of Rs. 2,450 and Rs. 2,413.05 respectively. So far, total 23,871 shares (BSE+NSE) have changed hands.

The scrip opened at Rs. 2426.75 and has touched a high and low of Rs. 2450 and Rs. 2413.05 respectively. So far 24070 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 11074.38 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2724 on 22-Sep-2015 and a 52 week low of Rs. 1646.2 on 25-Nov-2014. Last one week high and low of the scrip stood at Rs. 2475 and Rs. 2361.6 respectively.

The promoters holding in the company stood at 63.92 % while Institutions and Non-Institutions held 12.89 % and 23.18 % respectively.

The stock is currently trading above its 50 DMA.

Google provides Credit for Startups and other top Startup news of the day

Round up of the major headlines that dominated the Startup sector, nationally and internationally.

Tech giant Google has rolled out two new initiatives in India to strengthen its enterprise presence. Google will select 1,000 Indian start-ups and accord a  credit of $20,000 each for a year to use its cloud service starting next year.

Indian online pharmacy startups chasing an almost $1-billion market are struggling to convert orders into sales. The hitch? Customers aren't providing proper drug prescriptions.

Location-based app for finding patient-reviewed clinics in the vicinity and booking doctor appointments, Medinfi has raised an angel round of Rs 2 crore from a group of investors. The company, founded by Ravi Shankar Mishra, former head of retailer marketing at Amazon late last year, is currently live across Bangalore, Delhi-NCR and Mumbai, covering a network of 3000-plus clinics and doctors.


Aditya Sanghi swears by certain impulsive decisions that he took which positively impacted his life. The decision to co-found a startup was one; getting hitched to his lady-love the other.

Online real estate portal Housing.com said it is going to focus on its home buying and selling business and scale down on all other verticals including listings and rentals.

Tiger Global Management, the most prolific backer of startups in India, has decided to tone down its current aggressive style here, several people aware of the thinking at the US firm said, in a reflection of the limits of its strategy so far as well as the changing investor mood. 

Samsung Electronics Co. employees who came up with creative products outside core businesses in the past would often see their ideas buried in bureaucracy and inertia. The response this year when an engineer developed a wristband to avoid eavesdropping was very different: Samsung helped him start his own company.

Indian angel Network (IAN) has invested Rs 3 crore as in jewelery portal Fourseven. 

HeyPillow, an online real estate marketplace, has garnered $3 million (about Rs 20 crore) in 'Series A' fund-raising from Hampton Capital.

INOX Leisure clocked 1.2% on the bourses

The company has commenced commercial operations of a new multiplex, secured on leave & license basis located in Mumbai, effective Nov 20.

INOX Leisure gained 1.2% to Rs.226.50 on BSE. The company has commenced commercial operations of a new multiplex cinema theatre, taken on leave & license basis located at R City Mall, Ghatkopar, Mumbai, effective November 20, 2015.The company said that the multiplex has 9 screens and 2109 seats.

INOX, along with Satyam Cineplexes Limited, is now present in 55 cities with 102 multiplexes, 402 screens, and a total seating capacity of 104,894 seats across India. The scrip opened at Rs. 224.95 and has touched a high and low of Rs. 227.55 and Rs. 224.05 respectively. 37042 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2156.36 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 276.3 on 23-Oct-2015 and a 52 week low of Rs. 145 on 14-May-2015. Last one week high and low of the scrip stood at Rs. 228.1 and Rs. 220.3 respectively.

The promoters holding in the company stood at 48.7 % while Institutions and Non-Institutions held 30.36 % and 20.94 % respectively.

The stock is currently trading above its 50 DMA.

Anil Ambani's Reliance Group to build 6000 MW solar park in Rajasthan

Ambani said that his group has already made investments of more than Rs. 7,000 crore in the State, spread across solar power generation, telecom, roads, financial services and entertainment sectors.

Anil Ambani-led Reliance Group will develop a 6,000 megawatt (MW) Solar Power Park in Rajasthan at an estimated investment of INR 60,000 crore.

"The Reliance Group has signed an MoU to develop Solar Park and Solar Projects of 6,000 MW capacity, spread over nearly 30,000 acres, over next six years, with a potential to attract investment of about INR 60,000 crore in Rajasthan," Ambani said at the Resurgent Rajasthan Summit in Jaipur on Thursday.

Ambani said that his group has already made investments of more than INR 7,000 crore in the State, spread across solar power generation, telecom, roads, financial services and entertainment sectors.

"We are also one of the largest employers in Rajasthan and provide over 6,000 direct jobs and an estimated upto 25,000 indirect jobs that our businesses provide," he said.

Punj Lloyd, Dr Reddy's Lab among 10 Stocks in focus today

Check out the companies which will be in focus during trade today based on recent and latest news developments.

GMR Infrastructure: GMR Rajahmundry Energy Ltd (GREL), a subsidiary of GMR Energy Limited announced successful commencement of commercial operation of its 2X384MW Gas based combined cycle gas based power plant in Rajahmundry, Andhra Pradesh.

Punj Lloyd: The company has bagged two rural electrification orders worth Rs4.83bn from NTPC Ltd. The orders are part of the Rajiv Gandhi Grameen Vidyutkaran Yojna of 12th Plan to be set up in Orissa.

NALCO: The National Aluminium Co. Ltd. (NALCO) on Thursday signed an agreement with the Skill Development Ministry to spend 5% of its corporate scocial responsibility (CSR) corpus on vocational training.

Britannia Industries Ltd: Britannia Industries plans to enter the snack, chocolate and breakfast segments in the next six months and open a new INR 65 crore Research & Development (R&D) Centre in February

Infosys: The IT Company has completed the acquisition of Noah Consulting, LLC, a leading provider of advanced information management consulting services for the oil and gas industry. The acquisition is in accordance with the terms set out in the agreement announced by the company on October 19, 2015.

RIL: The Reliance Group has signed an MoU to develop Solar Park and Solar Projects of 6,000 MW capacity, spread over nearly 30,000 acres, over next six years, with a potential to attract investment of about Rs600bn in Rajasthan.

HT Media: HT Media will transfer its multi-media content management undertaking to its wholly-owned subsidiary HT Digital Streams on a slump exchange basis.

Tata Consultancy Services: TCS has launched a new Center of Excellence (CoE) for Internet of Things (IoT) solutions in collaboration with Intel. The state-of-the-art Center will be located at the TCS Hyderabad Campus.

Orient Green Power Company Ltd : The company has approved to enter into a Memorandum of Understanding (MoU) with Shri. Chandrabhan Katewa to divest 26% equity shares held by the Company in M/s. Sanjog Sugars & Eco Power Private Limited through an investment vehicle to be identified by Shri. Chandrabhan Katewa subject to all required approvals.

Dr Reddy's Laboratories: The company's Lab spokesperson said that the company has always adhered to all disclosure requirements both of the SECs and Indian stock exchanges including IFRS and Indian accounting standards.  

Sensex, Nifty to open on a flat note

Global cues are not supporting a further confident up move. The US indices ended flat in overnight and Asian markets are seeking direction this morning. European Central Bank's policy meet minutes indicate possibility of further stimulus. The S&P 500 closed 0.1% lower. The Dow was down 0.02% while Nasdaq ended 0.03% lower.

On expected lines, the Seventh Pay Commission announced a 23.55% pay hike for Central govt staff which includes 4.7 million government employees and another 5.2 million retirees. The total financial impact in FY17 is likely to be ₹1,02,100 crore, over the expenditure as per the ‘Business As Usual’ scenario. Of this, the increase in pay would be ₹39,100 crore, increase in allowances would be ₹ 29,300 crore and increase in pension would be ₹33,700 crore. The street expects that this bonanza could spur demand and boost the growth of multiple sectors especially FMCG and Auto.

The outlook however is a flat to weak start. Global cues are not supporting a further confident up move. The US indices ended flat in overnight and Asian markets are seeking direction this morning. European Central Bank's policy meet minutes indicate possibility of further stimulus. The S&P 500 closed 0.1% lower. The Dow was down 0.02%  while Nasdaq ended 0.03% lower.

The Vijay Kelkar Committee, set up to review the public private partnership (PPP) model in India, presented its report to Finance Minister Arun Jaitley on Thursday. The report is aimed at reviving the PPP model of infrastructure development.  The Kelkar committee has analysed the risks involved and the existing framework of risk-sharing between the project developer and the Government.

Anil Ambani-led Reliance Group will develop a 6,000 megawatt (MW) Solar Power Park in Rajasthan at an estimated investment of INR 60,000 crore. "The Reliance Group has signed an MoU to develop Solar Park and Solar Projects of 6,000 MW capacity, spread over nearly 30,000 acres, over next six years, with a potential to attract investment of about INR 60,000 crore in Rajasthan," Ambani said at the Resurgent Rajasthan Summit in Jaipur on Thursday.

Domestic air traffic rose by nearly 19 per cent to 70.39 lakh passengers in October as the domestic tourism season got underway, according to data from the Directorate General of Civil Aviation (DGCA).  IndiGo maintained its leadership position with a market share of 36.80 per cent in October. It flew as many as 25.90 lakh passengers last month. With a load factor of 93 per cent, SpiceJet saw the maximum occupancy in its planes in October while its market share stood at 12.8 per cent.

Shriram Automall India Ltd. is on track to a strong 15-20 per cent growth in the current financial year over the previous fiscal year’s business volume of INR 1,750 crore, reports a business daily. A wholly-owned subsidiary of Shriram Transport Finance Company, Shriram Automall provides sale and disposal of pre-owned vehicles through a network of 55 automalls.

The Government on Thursday announced that it would auction eight coal blocks from schedule III mines for non-regulated sectors like iron and steel, cement and captive power plants in January.

The National Aluminium Co. Ltd. (NALCO) on Thursday signed an agreement with the Skill Development Ministry to spend 5% of its corporate scocial responsibility (CSR) corpus on vocational training.

Britannia Industries Ltd. plans to enter the snack, chocolate and breakfast segments in the next six months and open a new INR 65 crore Research & Development (R&D) Centre in February, reports a business daily. Managing Director Varun Berry is planning to introduce premium cookies and an improved dairy portfolio, according to the financial newspaper.

Finance Minister Arun Jaitley has vowed a corruption-free governance, reasonable tax rates and non-discretionary allotment of natural resources to make it easier for companies to do business in India, according to reports.

The Reserve Bank of India issued revised Directions necessitating prior approval for acquisition of shares or voting rights in private sector banks.

The Indian wind sector is likely to see a transition with two-thirds of the incremental capacity additions till 2017 to come up in the secondary states of Andhra Pradesh, Madhya Pradesh, Gujarat and Karnataka, says India Ratings and Research (Ind-Ra).

Govt to auction 8 coal blocks from Schedule III mines in January

The coal blocks to be auctioned in January include Brahmapuri and Suliyari in Madhya Pradesh, Bundu and Gondulpura in Jharkhand, Gondkhari and Khappa & Extension in Maharashtra, and Jaganathpur A and Jaganathpur B in West Bengal.

The Government on Thursday announced that it would auction eight coal blocks from schedule III mines for non-regulated sectors like iron and steel, cement and captive power plants in January.

Coal Secretary Anil Swarup said that most of schedule II mines are likely to start production in the next two to three months as all issues, including necessary clearances, stamp duty, handing over of assets, etc, have fortunately been resolved with the intervention of the prime minister.

The coal blocks to be auctioned in January include Brahmapuri and Suliyari in Madhya Pradesh, Bundu and Gondulpura in Jharkhand, Gondkhari and Khappa & Extension in Maharashtra, and Jaganathpur A and Jaganathpur B in West Bengal.

These mines together have reserves totalling 1,143.42 mt and their peak rated capacity stands at 12.86 mt. 

Out of the 204 coal blocks cancelled by the Supreme Court last year, the Government has managed to dispose off more than 100 mines through a combination of competitive bids (for private players) and allocation (for public sector units)