Business

The fall in stock price led to company's market capitalisation erode by over Rs 3,200 crore to Rs 50,782.39 crore.

The scam-ridden infra lending major reported revenue of Rs 824 crore, massively down from Rs 1,734 crore in the previous year.

The S&P benchmark Sensex was trading at 40,673.54, down 1.91 points, while the Nifty 50 index stood at 11,992.20, down 2 points. CSB Bank, HDFC AMC, Yes Bank, M&M and Bajaj Finance were among the key stocks in news today.

The government has taken various steps, including reduction in corporate tax, she said at the India-Sweden Business Summit here.

Growth figures for the previous quarter had dipped to 5%, to an over six-year low. GVA growth too had fallen to 4.9% in the last quarter as compared with 6.9% in the same period last year.

During Question Hour, Piyush Goyal said the government is proud of achievements of the ICF which manufactured the Vande Bharat Express, the Indian semi-high speed train that can run up to about 160 kmph.

The Indiabulls Housing Finance stock climbed as much as 12.5% to hit the day’s high of Rs 376.70. The stock has soared by a massive 40% in the last three trading sessions, including today’s rise, and by over 65% in the last one month.

After touching its record intra-day high of 40,931.71, the 30-share BSE Sensex ended 529.82 points, or 1.31 per cent, higher at 40,889.23.

RCom had posted a consolidated loss of Rs 30,142 crore for September 2019 quarter due to provisioning for liabilities after the Supreme Court ruling on statutory dues.

CSB Bank backed by Canadian billionaire’s Fairfax India through FIH Mauritius Investments Ltd (FIHM), will finalise basis of allotment on 2 December and will credit equity shares to shareholders’ demat accounts on December 3.

At the interbank foreign exchange, the rupee opened at 71.77, showing a decline of just 1 paise over its previous closing.

Some 1.8 million retail subscribers have injected more than 14 billion riyals into the IPO so far, Samba, one of the banks managing the deal, said in a statement.

Zee Entertainment, BPCL, Bharti Airtel, UCO Bank, DHFL, Tata Motors, Coffee Day Enterprises and Reliance Capital were among the key stocks in news today.

RIL shares rallied on Tuesday after Reliance Jio’s rivals Vodafone Idea Ltd and Bharti Airtel Ltd decided to increase voice and data tariffs with effect from 1 December 2019.

Vodafone Idea last week reported consolidated loss of Rs 50,921 crore - highest ever loss posted by any Indian corporate - for the second quarter ended September 30.

The delivery of the new aircraft will begin from May, 2023.