- Paisa Wasool: Mutual Funds-SIP Returns Calculator | Start from Rs 5k, get Rs 1.75 cr - SOLID MONEY FORMULA
- WhatsApp New Feature: Soon! you can undo, recover WhatsApp deleted messages
- LIC customers ALERT! Insurer launches campaign to revive lapsed policies - All you need to know
- Wealth Guide: Income Tax - SMART TIPS! 5 tax-saving techniques for FY23 - Here is what expert suggests
- Loss-making US company's share price zooms over 400% in one month - factors behind rally DECODED
Stocks in Focus on April 18: Reliance, Jet Airways and Mindtree; here are the 5 newsmakers of the day
Indian domestic stocks market on Tuesday, April 16, 2019, ended with strong gains on positive global cues but there were certain stocks, that came in the news after the market was closed for the day.
Indian domestic stocks market on Tuesday, April 16, 2019, ended with strong gains on positive global cues but there were certain stocks, that came in the news after the market was closed for the day. These stocks can have an impact on the market on Thursday, April 18, 2019. Here is a list of five such stocks:
Reliance Industries: Saudi Arabia’s state energy group, Saudi Aramco, is in talks with Mukesh Ambani’s Reliance Industries Ltd (RIL) to buy up to a 25% stake in its refining and petrochemicals business. The deal or minority stale sale could fetch around $10-15 billion ($1000-15000 crore). In addition, Reliance Retail is in talks to acquire Hamleys from the Chinese company that owns the famed UK toy seller. Besides, the Indian conglomerate said on Wednesday that Japanese shipping group Mitsui OSK Lines Ltd will add six very large ethane carriers (VLECs) to its fleet through an investment deal with Reliance Industries Ltd.
Jet Airways: The cash-strapped carrier shuts down its operations. The company on Wednesday announced its last flight after 25years of operations as lenders refused to offer it Rs 400-crore lifeline.
Mindtree: The company has posted fourth-quarter results of FY19. It has matched its guidance and reported better growth by registering 3.9 per cent sequential rise in revenue. Additionally, the company has announced a special dividend - on the heels of a takeover bid by Larsen and Toubro Ltd (L&T) - of Rs20 per equity share. This may well force L&T to raise its offer price for Mindtree by a similar amount.
Watch Zee Business Live TV streaming below:
CRISIL: The country’s largest rating agency has posted its Q4FY19 results and it seems that its performance has hit a rough patch as the agency has reported 6.1 per cent decline in net profit and 5.2 per cent in EBITDA.
Tata Steel BSL: Formerly Bhushan Steel on Wednesday posted its Q4FY19 results and said that its net loss has narrowed to Rs 212.36 crore from a net loss of Rs21,253 crore that it reported in previous fiscal.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.