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NEWS ALERT |  ICICI Bank cuts lending rate by 10 bps across all tenures with immediate effect Balrampur Chini Mills gains nearly 2% Eveready Industries Hits 5% -  Lower Circuit Shares of Eveready Industries hit its lower circuit of 5 percent at Rs 75.95. Price Waterhouse resigned as statutory auditor of the company on June 28 citing its inability to analyze the impact of financial support extended by the battery maker to its promoter group entities. The board also entered into an agreement with Madhu Jayanti International to sell assets worth Rs 6 crore related to a packed tea product business. Reliance Home Finance Slumps Over 7% -  Shares of Reliance Home Finance fell as much as 7.2 percent to Rs 10.95. The company failed to repay the principal obligations on its non-convertible debentures held by Reliance Mutual Fund, worth Rs 400 crore. The non-banking lender paid the interest due on the debentures but failed to honor principal repayment obligations, R...

Marico Surges 8% -  On Q4 Results Shares of the world’s largest coconut oil maker rose over 8 percent intraday, its biggest single-day gain in nearly four years, to Rs 367 apiece. The company reported its fourth-quarter earnings on Monday.  HDFC Bank touches 52-week high -  The share price rose 1.5 percent in the early trade on May 7 as the company is going to consider sub-division of its equity shares. ICICI Bank in Focus -  India’s largest private bank ICICI Bank, on Monday, reported a profit of Rs 969.06 crore as against the profit of Rs 1,020 crore in the corresponding quarter of the previous financial year. Its profit fell 5% on the back of higher provisions and increased expenditure.  Total income for the quarter rose to Rs 20,913.82 crore from Rs 19,942.97 crore in the same quarter of last year. Bharti Airtel At Seven Month High -  After Q4 Results Shares of the Sunil Mittal-led telecom operator rose 2.2 percent intraday to Rs 340.85...