Flipkart plans to hire Peeyush Ranjan from Google: Reports

Peeyush Ranjan, a senior engineering director at Google, will join Flipkart's commerce division led by Mukesh Bansal in a key role, says report 

Flipkart is planning to hire another top engineer from Google, to tap into Silicon Valley.

Peeyush Ranjan, a senior engineering director at Google, will join Flipkart's commerce division led by Mukesh Bansal in a key role, says report.

The company also hired another Google engineering leader, Punit Soni, to be chief product officer in the same division. 

Sensex, Nifty trade flat ahead of RBI policy

After a strong start this morning, the market is now trading on a subdued note, as the trades are cautious ahead of the RBI Policy 

After a strong start this morning, the market is now trading on a subdued note, as the trades are cautious ahead of the RBI Policy. The policy will be tabled tomorrow at 11 hrs.

The BSE Sensex is now up 24 points at 28,284 and the NSE Nifty is up six points at 8,592.

The BSE benchmark index so far has touched a high and low at 28,367 and 28,235, respectively.

The NSE Nifty has tested a high at 8,619 and a low at 8,575.

The broader market is out-performing the BSE headline index, the Midcap index has gained over 0.5 per cent at 10,822 and the Smallcap index has advanced almost a per cent at 11,256.

Among sectors, the BSE Healthcare index has spurted 2 per cent at 18,052. The Auto index has also added over a per cent at 19,459.

The FMCG, Consumer Durables, Oil & Gas and Realty indices are the other gainers.

On the losing side, the Metal and Bankex indices have declined 0.4 per cent each at 9,502 and 21,281, respectively.

The breadth is extremely positive in morning session - out of 2,059 stocks traded on the BSE so far 1,330 stocks are advancing, while 640 stocks are declining.

Among Healthcare shares - Aurobindo Pharma and Torrent Pharma have soared 3.5 per cent each at Rs. 1,292 and Rs. 1,238, respectively, on the back of positive news flow.

Sun Pharma has surged 3.3 per cent at Rs. 1,113. Cadila Healthcare has jumped 3 per cent at Rs. 1,844.

Glenmark Pharma has spurted almost 3 per cent at Rs. 811. Apollo Hospitals has climbed over 2.5 cent at Rs. 1,422.

Biocon, Dr Reddy's, Piramal Enterprises, Cipla and Wockhardt are the other significant gainers

Choppy start for Sensex, Nifty

Auto, FMCG, Capital Goods, Healthcare, Realty, PSU indices are the gainers, while Power, Teck, IT and Bankex indices are the losers, 

At 9:34 AM, the Sensex was up 14 points to 28,274, and the Nifty was down 3 points to 8,582.

Auto, FMCG, Capital Goods, Healthcare, Realty, PSU indices are the gainers, while Power, Teck, IT and Bankex indices are the losers,

The BSE Mid-cap Index and BSE Small-cap Index was trading flat.

Dr. Reddy’s could be in focus as it is entering into a definitive agreement to acquire a select portfolio of Belgium-based pharmaceutical firm UCB in India for Rs 800 crore. Adlabs Entertainment is expected to make its debut on the stock market today.

India has challenged the allegations of data manipulation levelled by European and French drug regulatory agencies against GVK Biosciences, says a report.

Bosch Ltd is suspending production of various equipment, including diesel products, Saturday at its Bangalore facility in order to minimise operating cost.

Funds flow from foreign institutional investors into Indian markets is expected to remain unaffected even as the Chinese markets have rallied in recent weeks, say experts. In the first three months of 2015, the Shanghai Composite Index has surged 16%, while India's CNX Nifty has given a 3% return

Govt releases over Rs. 37,420 crore to different states

First Installment of Devolution as per 14th Finance Commission

The Government of India has released more than Rs.37,420 crore to all the States for Financial Year 2015-16 as the First Installment of devolution as per the 14th Finance Commission (FFC).

The details of funds allotted to different States are as follows:

S.No.	State	(Rupee in Crore) Total
1	Andhra Pradesh	1616.78
2	Arunachal Pradesh	516.48
3	Assam	1242.76
4	Bihar	3624.37
5	Chhattisgarh	1157.94
6	Goa	141.51
7	Gujarat	1159.56
8	Haryana	406.10
9	Himachal Pradesh	267.38
10	Jammu & Kashmir	577.63
11	Jharkhand	1178.33
12	Karnataka	1770.46
13	Kerala	937.15
14	Madhya Pradesh	2835.75
15	Maharashtra	2075.59
16	Manipur	231.27
17	Meghalaya	240.75
18	Mizoram	172.40
19	Nagaland	186.68
20	Orissa	1743.46
21	Punjab	590.88
22	Rajasthan	2065.79
23	Sikkim	137.46
24	Tamil Nadu	1510.51
25	Telangana	915.85
26	Tripura	240.62
27	Uttar Pradesh	6735.81
28	Uttarakhand	394.68
29	West Bengal	2746.91
	Total	37,420.86

Adlabs Entertainment to make debut on stock market

The issue had opened on March 10 and the issue price for the public issue is Rs 180 per share.

Adlabs Entertainment Ltd, which recently concluded its initial public offer (IPO), will make debut on the stock market. 

Trading Members of the Exchange are hereby informed that effective from April 06, 2015, the equity shares of Adlabs Entertainment Ltd (Scrip Code: 539056) are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities, according to BSE.

The company's IPO was subscribed 1.11 times.

The issue had opened on March 10 and the issue price for the public issue is Rs 180 per share. 

The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on BSE and NSE.

The Global Co-ordinators & Lead Managers (“GCLMs”) to the Issue are Deutsche Equities India Private Limited, Centrum Capital Limited & Kotak Mahindra Capital Company Limited.

Earlier, the company has finalised allocation of 27,22,135 Equity Shares to Anchor Investors Daiwa India Stock Active Mother Fund, HDFC Infrastructure Fund, Axis Mutual Fund, L&T Mutual Fund and IL&FS Trust Co (Forefront Alternative Equity Scheme) at Rs. 221 per Equity Share aggregating to Rs. 60.16 crore

Lupin launches generic Exforge tablets In US

The stock has hit a high of Rs 2034 and a low of Rs 2004.

Lupin Ltd has announced the launch of generic Exforge tablets In US.

The stock was up 2% at Rs 2039.

The stock has hit a high of Rs 2034 and a low of Rs 2004.

Total traded quantity on the counter stood at over 0.24 lk shares 

Sensex, Nifty in green; healthcare & banking stocks gain

The CNX Midcap and Smallcap indices are up over 0.5 per cent each at 13,088 and 5,676, respectively. 

The market has jumped in noon deals on the back of fresh buying in select banking and FMCG shares.

The Sensex is now up 123 points at 28,081, and the NSE Nifty has gained 33 points at 8,524.

The broader market is also trading with substantial gains. The CNX Midcap and Smallcap indices are up over 0.5 per cent each at 13,088 and 5,676, respectively.


The India VIX (Volatility) index has declined nearly 2 per cent to 14.2275.

Among sectors -

Sun Pharma remains the major gainer, the stock is now up over 4 per cent at Rs. 1,067.

IndusInd Bank has rallied 3.5 per cent to Rs. 916. Punjab National Bank, IDFC and Yes Bank are the other major gainers in the financial space.

Bharti Airtel has surged over 2 per cent to Rs. 401.

Hindalco, NTPC, Hindustan Unilever, Asian Paints and Dr.Reddy's are the other major gainers.

On the other hand, HCL Technologies continues to languish with a loss of over 4 per cent at Rs. 941. Infosys too has shed 2.4 per cent to Rs. 2,165.

BHEL, Maruti, Gail India and BPCL are the other major losers.

The market breadth is extremely positive - out of 1,715 stocks traded on the NSE, 1,128 have advanced and 333 have declined. 

Sun Pharma, Ranbaxy jump ahead of merger

Ranbaxy informed the BSE that committee of the directors of the company fixed 7, April 2015 as the record date to determine the names of the shareholders of Ranbaxy.

Sun Pharma and Ranbaxy is trading on a firm note as today is the last trading day of Ranbaxy Laboratories on the bourses.

Last week, Ranbaxy informed the BSE that committee of the directors of the company fixed 7, April 2015 as the record date to determine the names of the shareholders of Ranbaxy.

Sun Pharma has now jumped 4.6 per cent at Rs. 1,066 and so far has touched a high of Rs. 1,068.

The BSE counter has seen trades of around 132,000 shares, as against two-week daily average volume of 269,000 shares.

Similarly, Ranbaxy has also surged to a high of Rs. 852, and is now up 4.2 per cent at Rs. 848.

On the BSE 137,000 shares have been traded at the counter as against the daily average volume of 98,000 shares in the past two-weeks.

Meanwhile, the Sensex has added 86 points at 28,044

Spectrum auction: Telecom cos to pay Rs 10,791 crore to govt

The payments totalling Rs 10,791 crore on 31 March 2015, were a part of the nearly Rs 29,000 crore that the auction winners need to pay by April 8 

The government has received Rs. 10,791 crore from mobile phone operators including Bharti Airtel, Vodafone India, Idea Cellular and Reliance Jio Infocomm as part of upfront payments for airwaves following the spectrum auction, according to a media report.

 The payments totalling Rs 10,791 crore on 31 March 2015, were a part of the nearly Rs 29,000 crore that the auction winners need to pay by April 8, the report further said. 

Another exit! Wipro’s chief business operations officer Satishchandra Doreswamy resigns

The company reportedly said that said that Satishchandra Doreswamy had left the company to pursue other opportunities. 

Wipro's chief business operations officer and former TCS veteran Satishchandra Doreswamy has resigned from the company, according to reports.

The company reportedly said that said that Satishchandra Doreswamy  had left the company to pursue other opportunities. 

The company has undertook reshuffle that also resulted in the elevation of two executives 

The company recently appointed Abid Ali Neemuchwala as its chief operating officer.

There has been couple of exits over the past two months.