Shares of PNB Housing Finance fell sharply by over 15 percent on August 1, a day after the lender informed that the resignation of MD and CEO Girish Kousgi has been accepted by the board, a move that some brokerage notes have cited as negative, given his role in transforming PNB Housing, scaling new businesses and improving asset quality.This is the fourth day of fall for the shares of the housing...

Cool bullsVoltas shares have been on a roll of late. Conviction in the stock seems to have gone up in the last couple of sessions after the company surprised the Street with a strong operating performance in the March quarter. The proprietary desk of the Pearl brokerage had been steadily accumulating stock for HNI clients over the last few months even as most analysts tracking the sector were skep...

“HUL margin came flat on a year-on-year basis. So, the 50 bps improvement which has happened is really a good thing. We will have to wait for the management commentary on how they will try and manoeuvre the current inflationary situation,” says Shirish Pardeshi, FMCG analyst, Centrum Broking.What is your view on HUL Q3 results?The numbers came in line with our estimates. While we were expect...

Diageo-controlled United Spirits (USL) is piloting Guinness, an Irish dry stout, in a few Indian states, entering the country's beer market that is dominated by Heineken and Anheuser-Busch InBev.Launched in 1759, Guinness is one of world’s top beer brands and USL said the launch is part of the company’s wider strategy to reshape its premium portfolio and have more broad-based growth."The brand...

Sirisha Bandla who is part of six space travellers aboard 'VSS Unity' of Virgin Galactic will become the second India-born woman to fly into space after Kalpana Chawla. According to a report by the news agency, ANI Sirisha Bandla was born in Andhra Pradesh's Guntur district was brought up in Houston.A Virgin Galactic test flight is all set to travel to the edge of space on 11 July and billionaire ...