S V Krishnamachari

Articles by S V Krishnamachari

S V Krishnamachari has about seven years of experience in journalism and has been writing on various topics such as politics, healthcare, business and legal affairs. At IB Times, he tracks stock, currency and bullion markets; covers developments at banks, financial institutions and mutual funds and occasionally writes on the intersection of politics and business.

Follow : @S V Krishnamachari Email : editor@ibtimes.co.in

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Alibaba-backed Paytm close to buying rival FreeCharge from Snapdeal: Report

While Paytm is in the race to buy FreeCharge from Snapdeal, the e-commerce company (Snapdeal) is reportedly up for sale to bigger rival Flipkart.

May 11, 2017

personal finance, mf investments, mutual funds, reliance growth fund, returns on reliance growth fund, reliance mf, mf schemes, indian mutual funds

Close to 100 stocks trading nearing lifetime high on BSE

With benchmark indices Sensex and Nifty hitting new levels, many stocks such as Ceat, ICICI Prudential, Titan, GAIL, Voltas, HDFC and HUL are nearing their lifetime highs.

May 11, 2017

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IT jobs: India's loss is America's gain; layoffs here, stepped-up hiring in US

Indian employees of Wipro, Infosys and Tech Mahindra may be a worried lot, but some of these IT companies are planning to hire American workers in a big way.

May 11, 2017

Snapdeal, Ola drill $1.4 billion hole in SoftBank's pocket

In a statement, Japanese conglomerate SoftBank said it has recognized Japanese yen 160,419 million (~$1.4 billion) as loss on accounts of its investments in Snapdeal and Ola.

May 10, 2017

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DPS North students, aided by crowdfunding platform FuelADream, raise funds to finance heart surgeries for the poor

Fifty students of DPS North school in Bengaluru, facilitated by crowdfunding platform FuelADream, are raising Rs 20 lakh to fund heart surgeries under the aegis of Needy Heart Foundation.

May 10, 2017

Reliance Growth Fund says Rs 1 lakh grows to Rs 1 crore in 22 years

In a comparison to drive home its success, Reliance Growth Fund says Rs 1 lakh invested in the scheme in 1995 is worth Rs 1 crore now.

May 10, 2017

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NSE Nifty crosses 9,400 for first time; Sensex hits new lifetime high on upbeat monsoon rainfall prediction by IMD

Just before closing hours, NSE Nifty crossed the 9,400 mark while the Sensex hits historic high of 30,271; HUL shares gain sharply.

May 10, 2017

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Quick updates on Indian markets: HUDCO IPO, mid-cap shares, buzzing stocks, Sensex reclaims 30,000 mark, Hero Motocorp Q4 results

Tracking Asian stock markets, BSE Sensex gains 240 points to cross the 30,000 again, benchmark indices rally led by select stocks like HUL, Mahindra, Airtel.

May 10, 2017

Wipro, Infosys react to reports of layoffs; Capgemini responds to rumours about laying off 9,000 employees

In separate statements, IT software exporters Wipro and Infosys respond to reports of layoffs affecting many employees, after Capgemini also reacted to similar news.

May 10, 2017

Interglobe Aviation Q4 net profit falls 25%; IndiGo parent to buy 50 ATR aircraft

Interglobe Aviation, which owns budget carrier IndiGo, announced its Q4 and FY2017 results on Tuesday and declared dividend of Rs 34 per share.

May 9, 2017

cars, car sales, domestic car sales, gst on cars, auto industry, traffic

Car sales surge 17% in April, commercial vehicle segment sluggish

Data released by industry body Siam shows overall vehicle sales grew 6.82 percent for April, led by car sales and 7.34 percent for two wheelers.

May 9, 2017

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Godrej Consumer Products declares 1:1 bonus, Rs 12 as fourth interim dividend; Q4 net profit surges

Adi Godrej-led Godrej Consumer Products announces upbeat Q4 results, 1:1 bonus shares and Rs 12 as fourth interim dividend; his daughter Nisaba is the new chief.

May 9, 2017

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Nisaba Godrej succeeds father Adi Godrej as head of Godrej Consumer Products

At 39, Nisaba Godrej will be the youngest women to head a large organisation like Godrej Consumer Products; Adi Godrej will be chairman emeritus.

May 9, 2017

bse sensex, nse nifty, india, stock markets, asian paints, coal tragedy in jharkhand, coal mines in india

ChrysCapital-backed Eris Lifesciences, India Energy Exchange set to come out with IPO

Eris Lifesciences recently got Sebi approval for its IPO; India Energy Exchange is also planning one; S Chand, Avenue Supermarts and BSE are the three prominent firms that got listed this year.

May 9, 2017

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Supreme Court holds 'King of Good Times' Vijay Mallya guilty of contempt of court, summons him

Invoking contempt proceedings against Vijay Mallya, the Supreme Court ordered him to be present on July 10, indicating further trouble for the UB Group promoter.

May 9, 2017

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Capgemini, Cognizant layoff buzz fails to dampen share prices of Infosys, Wipro, TCS, Tech Mahindra

Layoff reports are strong in Capgemini, Cognizant Technology Solutions (CTS) and Wipro, yet shares of Infosys, Tech Mahindra, TCS, HCL Tech are not impacted.

May 9, 2017

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S Chand lists at 5% premium to issue price but falls later

Education book publisher S Chand and Company (SCCL) lists at Rs 707 a gain of 5.5 percent to its issue price of Rs 670 per share.

May 9, 2017

lafargeholcim, acc ambuja cements merger, ultratech cement, acc share price, ambuja cements share price, ultratech cement share price

ACC, Ambuja Cements gain on merger buzz

In June 2016, Ambuja Cements had bought Holcim India's 24 percent stake in ACC; LafargeHolcim owns 63.6 percent in Ambuja Cements; now the two companies are mulling merger.

May 8, 2017

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Vijaya Bank, CESC, Ceat, ACC, ICICI Bank, Indiabulls Real Estate, hit new 52-week high

Stocks that hit new 52-week high on Monday include ACC, Eicher Motors, Escorts, ICICI Bank, Vijaya Bank, Sobha and Ceat.

May 8, 2017

Mutual funds hit a new high in April; investments in equity schemes more than double

Assets under management (AUMs) of India's 42 mutual funds rose to Rs 19.26 lakh crore as of April 30 from Rs 17.55 lakh crore a month earlier.

May 8, 2017

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Articles by S V Krishnamachari

Alibaba-backed Paytm close to buying rival FreeCharge from Snapdeal: Report

Close to 100 stocks trading nearing lifetime high on BSE

IT jobs: India's loss is America's gain; layoffs here, stepped-up hiring in US

Snapdeal, Ola drill $1.4 billion hole in SoftBank's pocket

DPS North students, aided by crowdfunding platform FuelADream, raise funds to finance heart surgeries for the poor

Reliance Growth Fund says Rs 1 lakh grows to Rs 1 crore in 22 years

NSE Nifty crosses 9,400 for first time; Sensex hits new lifetime high on upbeat monsoon rainfall prediction by IMD

Quick updates on Indian markets: HUDCO IPO, mid-cap shares, buzzing stocks, Sensex reclaims 30,000 mark, Hero Motocorp Q4 results

Wipro, Infosys react to reports of layoffs; Capgemini responds to rumours about laying off 9,000 employees

Interglobe Aviation Q4 net profit falls 25%; IndiGo parent to buy 50 ATR aircraft

Car sales surge 17% in April, commercial vehicle segment sluggish

Godrej Consumer Products declares 1:1 bonus, Rs 12 as fourth interim dividend; Q4 net profit surges

Nisaba Godrej succeeds father Adi Godrej as head of Godrej Consumer Products

ChrysCapital-backed Eris Lifesciences, India Energy Exchange set to come out with IPO

Supreme Court holds 'King of Good Times' Vijay Mallya guilty of contempt of court, summons him

Capgemini, Cognizant layoff buzz fails to dampen share prices of Infosys, Wipro, TCS, Tech Mahindra

S Chand lists at 5% premium to issue price but falls later

ACC, Ambuja Cements gain on merger buzz

Vijaya Bank, CESC, Ceat, ACC, ICICI Bank, Indiabulls Real Estate, hit new 52-week high

Mutual funds hit a new high in April; investments in equity schemes more than double

Ranveer Singh touches Sanjay Leela Bhansali's feet; Sara Ali Khan, Aditi Rao Hydari radiate in ethnic outfits at reception

Omar lambasts "arrogant" Congress after BJP's historic victory; Mehbooba reacts [details]

BJP leads in 53 seats, crosses majority mark in Chhattisgarh

Ranbir Kapoor's fans burst crackers inside theatres during Animal screening; fans say 'low budget Salman Khan' fans'