The share price of Dhunseri Investments was locked in 20 percent upper circuit on December 5 after the company reported strong earnings in the September quarter.The stock was quoting at Rs 250.85, up 20 percent, and there were pending buy orders of 1,089 shares, with no sellers available on the BSE at 1457 hours.The company’s net profit during the quarter ended September jumped to Rs 11.27 crore against Rs 4.97 crore in the same period last year due to nil tax expenses (against 0.31 crore YoY) and changes in fair value of investments routed through P&L.Close Consolidated profit from continuing operations during the quarter jumped to Rs 26.4 crore from Rs 5.14 crore YoY. related news D-Street Buzz: Banks bleed led by YES Bank, RBL Bank, SBI; Omaxe tanks 20% Shakti Pumps shares fall 3% after CARE revises credit rating Andhra Bank share price falls 3% after RBI imposes Rs 25 lakh penalty Dhunseri Investments is an investment company registered with the Reserve Bank of … [Read more...] about Dhunseri Investments share price locked in 20% upper circuit after strong September quarter
Shares of Gati plunged five percent and Allcargo Logistics added four percent in the early trade on December 6 after the later acquired majority stake in the courier company.Allcargo Logistics will acquire 1.04 crore shares of Gati at Rs 75 per share and has made an open offer for 26 percent stake at Rs 75 per share.The Allcargo board has approved the share purchase agreement between the company and promoter for acquisition up to 1,03,85,332 equity shares at a price of Rs 75 per equity share and to acquire the preferential issue of 1,33,33,340 equity shares of Gati at Rs 75 per share.Close The company has also made an open offer to acquire up to 3,17,42,615 equity shares of Gati, representing 26 percent stake, at Rs 75 per share, aggregating to Rs 238 crore. related news D-Street Buzz: Banks bleed led by YES Bank, RBL Bank, SBI; Omaxe tanks 20% Shakti Pumps shares fall 3% after CARE revises credit rating Andhra Bank share price falls 3% after RBI … [Read more...] about Gati share price dips 5% on Allcargo majority stake buy
VST Tillers Tractors share price fell 2 percent intraday on December 6 after the company reported weak sales in November.The company’s tractor sales were down 10 percent at 568 units against 628 units, while it sold 1,238 power tillers in the month compared to 2,108 units sold, YoY.On month-on-month basis, the company's tractor sales were down 50 percent from 857 units, while power tillers sales were up 12 percent from 1,104 units.Close The share touched its 52-week high of Rs 1,648 and 52-week low Rs 901.05 on February 8, 2019 and August 6, 2019, respectively. related news D-Street Buzz: Banks bleed led by YES Bank, RBL Bank, SBI; Omaxe tanks 20% Shakti Pumps shares fall 3% after CARE revises credit rating Andhra Bank share price falls 3% after RBI imposes Rs 25 lakh penalty The stock is trading 34.09 percent below its 52-week high and 20.54 percent above its 52-week low.At 1128 hours, VST Tillers Tractors was quoting at Rs 1,086.15, down Rs 7.75, or 0.71 … [Read more...] about VST Tillers Tractors share price slips 2% on weak November data
In clinics around the world, a type of artificial intelligence called deep learning is starting to supplement or replace humans in common tasks such as analyzing medical images. Already, at Massachusetts General Hospital in Boston, “every one of the 50,000 screening mammograms we do every year is processed through our deep learning model, and that information is provided to the radiologist,” says Constance Lehman, chief of the hospital’s breast imaging division. advertisement advertisement In deep learning, a subset of a type of artificial intelligence called machine learning, computer models essentially teach themselves to make predictions from large sets of data. The raw power of the technology has improved dramatically in recent years, and it’s now used in everything from medical diagnostics to online shopping to autonomous vehicles. But deep learning tools also raise worrying questions because they solve problems in ways that humans can’t … [Read more...] about Machine learning could transform medicine. Should we let it?
Ola plans to reduce employee strength by 15-20 percent over the next six months to improve margins ahead of its plans to go public in the next two-three years, according to a report in The Times of India.The majority of cuts would be from the operations team, the paper quoted sources. Ola employs 5,800-6,000 people across group companies and 8-10 percent of them from its electric mobility and financial services businesses would also be re-deployed, besides 350-400 fired.Moneycontrol could not independently verify the report.Close Over the past year-and-a-half, the company already cut its tech team to 150-200 people from 800 and has reduced employee expense to Rs 414 crore from Rs 495 crore. related news Rape, POCSO case probes should be completed in 2 months: Ravi Shankar Prasad to write to CMs, CJs Delhi fire tragedy: building owner and his manager arrested Granting citizenship on basis of religion will reduce India to 'Hindutva version of Pakistan': Shashi Tharoor Since … [Read more...] about Ola to cut staff count as it plans to go public: Report