BUSINESS
Suffering losses in Midcap fund? Don’t panic and close your SIP: BNP Paribas MF
Mid & Smallcap companies by nature tend to fall more in a market correction, in the longer term, companies from this space that have healthy earnings growth and cash flow generation could continue to outperform.
BUSINESS
Major sugar stocks gain up to 7% after govt announces bailout package of Rs 8,000 crore
The Cabinet on Wednesday approved a bailout package of Rs 8,000 crore for the sector. The Minimum Selling Price (MSP) has been set at Rs 29 per kg.
BUSINESS
Anarock launches Anarock Retail to tap into India’s $700 billion retail market
Partners with Faithlane PC to create India's most focused retail advisory firm
BUSINESS
RBI Policy Highlights: Bank deposit rates, home loan interest rate may see rise in tranches
Repo rate was hiked by 25 basis points to 6.25 percent while reverse repo has been revised to 6 percent
SPORTS-TRENDS
FIFA World Cup 2018 official squad, Group A: Egypt
Egypt is the second team from Africa to qualify for the World Cup. Their FIFA ranking is 46. Let’s look at Egypt’s official squad for FIFA World Cup, 2018.
BUSINESS
JLL Spark announces USD 100 million global venture fund
Will invest in companies that aim to transform the real estate industry through technology; anticipates significant opportunities in Asia Pacific
INDIA
Man sends PM Narendra Modi a cheque of 9 paise to protest fuel price hike
V Chandraiah said: "You reduced 9 paise in fuel price. The amount I saved from the drop in petrol price, I am donating to the PM’s relief fund."
BUSINESS
Stocks under BSE surveillance fall up to 14% in June; what should you do now?
BSE on June 4 decided to bring 109 companies including Reliance Naval and Engineering, Amtek Auto, GVK Power & Infrastructure under enhanced surveillance measures. "..100 percent margins shall be applicable with effect from June 6 on all open positions as on June 5, and new positions created from June 6, onwards," the exchange said in a circular.
POLITICS
Ahead of 2019 polls, PM Modi plans welfare scheme for 500 million working citizens
Modi aims to initially provide three programmes — old age pension, life insurance and maternity benefits
BUSINESS
Uttar Pradesh to spend Rs 4000 crore towards land acquisition for Jewar airport
Out of Rs 4000 crore, Rs 1500 crore will be made available by budget allocated to state civil aviation department, while another Rs 1500 crore will be provided by Noida. Greater Noida Authority and Yamuna Expressway Industrial Development Authority will contribute the rest.
BUSINESS
HCC surges 7% on contract win by JV in Bangladesh worth Rs 737 cr
The company's share in the joint venture is 40 percent (USD 44 million / Rs 295 crore).
BUSINESS
Saudi Arabia issues first driving licences to women
According to BBC, ten women swapped their foreign licenses for Saudi ones on Monday. The authorities are expecting a large number of applications before June 24, when the ban is slated to be lifted.
BUSINESS
Elecon Engineering up nearly 8% after company pledges shares with Bajaj Finance
Elecon is Bajaj Finance’s customer who has borrowed from them and pledged shares in Bajaj Finance’s favour.
BUSINESS
Rate-sensitives surge ahead of RBI policy outcome; PSU banks, auto names surge
Sectors like banking, real estate and auto, among others, will be impacted the most from the rate hike as the cost of the products will be directly influenced due to increase in interest rate.
BUSINESS
Sell Axis Bank, target Rs 510: Abhishek Mondal
BUSINESS
Buy Sanofi India, target Rs 5335: Abhishek Mondal
Traders can buy the stock around in dips around Rs 5,040-5,050 with a stop loss below Rs 4,880 (closing) for the target of Rs 5,335.
INDIA
75-year-old Mumbai man imprisoned for keeping his cattle out in rain in 2013
The complaint was filed against Gopal in 2013 for keeping his 28 cattle out in the rain, exposed to an unhealthy and uncomfortable environment rather than offering them a proper shed.
BUSINESS
Mcleod Russel gains 2% on sale of 8 tea estates in Assam
The company has entered into a memorandum of understanding (MoU) to sell its 8 tea estates to M.K. Shah Exports for a consideration of Rs 331 crore.
BUSINESS
No all-display screen, no 4TB storage: Lenovo Z5 launched with a notch and 128GB memory
The phone was heavily teased and speculated over the past many months as an all-display phone. Rumours were also rife that the phone might come with a whopping 4TB storage. However, tech enthusiasts and potential buyers across the world were left disappointed as the all the rumours, teasers and speculations proved false.
BUSINESS
Find markets overvalued? Here’s where Credit Suisse sees pockets of opportunity
Mishra said the brokerage is a selective in the IT space but remains overweight on the sector.
BUSINESS
Jubilant Foodworks, Britannia, Bajaj Finance to get astrological support: Satish Gupta
According to Satish Gupta of astrostocktips.in, Jubilant Foodworks, Britannia Industries and Nestle India will get astrological support.
POLITICS
PM Modi LIVE: If we do not innovate, we will stagnate, says PM
Startups are no longer only in big cities. Smaller towns and villages are emerging as vibrant start-up centres, says Prime Minister Narendra Modi.
BUSINESS
Viaan Industries gains 8% after Raj Kundra clarifies on Bitcoin scam
Kundra and Shilpa Shetty Kundra hold 25.48 percent and 25.43 percent stake, respectively, in Viaan Industries as on March 31, 2018.
BUSINESS
See Nifty trading in a 10,200-11,000 band in June series
On the daily chart, immediate support for the Nifty is placed around 10,537 (50-day daily moving average) and 10,440 levels (50 percent retracement of its March to May upmove), whereas 10,699 (23.6 percent retracement of its March to May upmove) will act as immediate resistance.
