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American inventor Elisha Graves Otis built the first safety elevator in 1952. In the 1870s, Otis entered Europe. Its elevators were installed at the Kremlin, Balmoral Castle, the Hungarian Royal Palace and the Eiffel Tower. In the early 1900s, the Buckingham and the Mysore Palaces were also home to Otis elevators
VST Industries declined 1.5% to Rs 2,950 at 15:25 IST on BSE after net profit fell 8.99% to Rs 39.79 crore on 15.73% decline in net sales to Rs 209.18 crore in Q1 June 2017 over Q1 June 2016.
Bata, Capital First, Emami, Godrej Properties, Greenply, Kaya, KEC International Mahindra Holidays, PNB, Reliance Infrastructure, UCO Bank, Voltas and Wockhardt are some of the prominent firms that will declare their April-June quarter results on Wednesday. Among the actively-tracked firms are Edelweiss Financial, Eimco, Entertainment Network, Max Ventures, Narayana Hrudalaya, TBZ, Transport Corporation, Solar Industries and VST Industries.
Indian tobacco market could feel the heat of US drug regulator’s latest proposal to cut the level of nicotine in cigarettes.
Tobacco stocks bounced back today rising by up to 3 per cent on value-buying, a day after a sharp plunge in the wake of higher cess.
Mumbai : Sensex on Tuesday slipped from life highs to end sharply lower at 31,710.99 by falling 364 points following a steep plunge in ITC Ltd stocks after the GST Council on Monday hiked tax on cigarettes.
Even as India’s home-grown tobacco major ITC witnessed its biggest crash in 25 years on Tuesday, top market experts are least worried. The share price of the company fell 12 per cent to close at ₹284 after GST on cigarettes were raised on Monday post-market closing.
3:30 pm Market at Close: Benchmark indices ended the session on a weaker note, with the Nifty closing below 9900-mark.
Bears took complete control over Dalal Street on Tuesday as the BSE Sensex crashed nearly 450 points intraday, dragged entirely by index heavyweights ITC post hike in cigarettes cess and also to some extent Reliance Industries.
ITC shares crashed 15 percent intraday Tuesday, the biggest intraday fall since 2012, as brokerage houses downgraded the stock after the Goods and Services Tax (GST) Council decided to increase the cess on cigarettes. However, the stock shot up 35 percent since the beginning of 2017 (till July 17).
VST Industries shares tumbled nearly 8 percent intraday Tuesday after the GST Council headed by Finance Minister Arun Jaitley raised the specific cess on cigarettes in all categories below 75 mm.
ITC Ltd jumped as much as 9.6 per cent to a record high, and the stock was the top percentage gainer on the broader NSE index.
Tata Consultancy Services, Yes Bank and IndusInd Bank grabbed the headlines this week on the earnings front. But there were quite a few surprises from some well-known and some rather unknown names.
VST Industries on Wednesday tanked 3.13% to Rs 3,005 on BSE after net profit fell 8.5% to Rs 45.10 crore on 15.7% decline in net sales to Rs 227.03 crore in Q4 March 2017 over Q4 March 2016.
VST Industries lost 3.13% to Rs 3,005 at 11:04 IST on BSE after net profit fell 8.5% to Rs 45.10 crore on 15.7% decline in net sales to Rs 227.03 crore in Q4 March 2017 over Q4 March 2016.
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After Infosys results that failed to cheer market participants last week, this week it will be the turn of TCS. Its board is meeting on Tuesday to take account of the audited results of the company for the full year and the quarter ended March 2017. Analysts expect TCS to report about 3 per cent sequential fall in consolidated net profit. Hindustan Oil Exploration, Omax Autos and VST Industries will also announce their FY and Q4 financial performance.