BUSINESS
See support for MCX Crude at Rs 4,570-4,490/bbl levels
Crude oil should continue to remain under pressure as higher inventories, increasing US production and the OPEC meeting on Sunday weigh on prices.
INDIA
Engineering student sells Audi for Rs 17.5 lakh – steals it back using duplicate key
The M. Tech. student has been arrested by the Delhi police and the car has been recovered
BUSINESS
Previous govts gave LPG connections to 13 cr families in 67 years, Modi regime will do it in 5: Pradhan
India aims to increase LPG usage to cover 80 percent of its households by March 2019
BUSINESS
Archidply Industries touches 52-week low; reports Rs 3 cr loss in Q4
The company has reported net loss of Rs 3.16 crore against profit of Rs 1.64 crore in a same quarter last fiscal.
BUSINESS
Orient Cement stock jumps 15% after deal to buy 2 units from Jaypee called off
The CK Birla Group firm has terminated the agreement to acquire two entities, Bhilai Jaypee Cement and Nigrie Cement Grinding Unit, from Jaypee group firms for a total consideration of Rs 1,946 crore.
BUSINESS
Dilip Buildcon down 17% even after auditors clarify they haven't resigned
But the company in its clarification note to exchanges on Wednesday said that there was no truth in the matter and the rumors are baseless.
INDIA
Bangladesh strain of Nipah virus responsible for outbreak in Kerala, death toll reaches to 15
First identification of Nipah virus as a cause of an outbreak of encephalitis was reported in 2001 in Meherpur district of Bangladesh.
BUSINESS
JM Financial sees Nifty at 11,800 by December-end; bets big on FMCG, IT
In the case of IT, he has a target of 15,000 on the CNX IT index.
BUSINESS
Pricol slips 4% as JV with Zorg Industries called off
The board recommended a dividend of Re 1 per share (100%) to the shareholders of the company for the year March 31, 2018.
BUSINESS
Baba Ramdev’s Kimbho app disappears from Google Play Store; security researcher terms it a 'disaster'
Kimbho, meaning ‘What’s up?’ in Sanskrit, was released by Patanjali on Wednesday as a ‘swadeshi’ messaging application.
SPORTS-TRENDS
Podcast | Deep Dive - Citius, Altius, Fortius…Pauperculus? The economics of Olympics
Few things inspire a country’s patriotic spirit like the hosting of a major global sporting event like the World Cup or the Olympics
BUSINESS
Income tax authorities to examine Walmart-Flipkart deal: Report
Walmart earlier this month announced that it would purchase a 77 percent stake in Flipkart for USD 16 billion
BUSINESS
Endurance Technologies likely to test Rs 1,480: Siddharth Sedani
On valuation front, currently, the stock is trading at PE of 30.8x its FY19E EPS & 26.4x its FY20E EPS. We have a target of Rs 1480 per share.
BUSINESS
Yes Bank likely to test Rs 407: Siddharth Sedani
With 18.4 percent capital adequacy (tier-1 13.2 percent), the bank is well capitalised for 30 percent loan growth over FY’19-20. Our April 2019 target of Rs 407 is based on the two-stage dividend discount model.
BUSINESS
Buy Rallis India, target Rs 240: Achin Goel
Traders can accumulate the stock in the range of Rs 208-211 for the target of Rs 240 and a stop loss below Rs 197.
BUSINESS
Atlanta hits 52-week low, locked at 20% lower circuit on statutory auditor resignation
There were pending sell orders of 110,352 shares, with no buyers available.
BUSINESS
Buy Tata Coffee, target Rs 132: Achin Goel
Traders can accumulate the stock in the range of Rs 112-116 for the target of Rs 132 and a stop loss below Rs 108.
BUSINESS
In a first, Madhya Pradesh University allows MBBS students to write exams in Hinglish
The facility will be given in oral and practical exam as well.
BUSINESS
Accumulate DCB Bank, target Rs 207: Achin Goel
Traders can accumulate the stock in the range of Rs 182-186 for the target of Rs 207 and a stop loss below Rs 174.
BUSINESS
Buy Reliance Capital, target Rs 480: Achin Goel
Traders can accumulate the stock in the range of Rs 420-426 for the target of Rs 480 and a stop loss below Rs 399 can be kept for all long positions.
BUSINESS
Accumulate ABB, target Rs 1,370: Achin Goel
Traders can accumulate the stock in the range of Rs 1,230-1,240 for the target of Rs 1,370 and a stop loss can be placed below Rs 1,182.
BUSINESS
Mutual funds invested 7.37% of equity AUM only in IT sector in April
According to mutual fund managers, fund houses are augmenting stake in the IT sector amid depreciating rupee and market volatility
BUSINESS
It's a redux as Tatas' Venkataraman says AirAsia probe rooted in Cyrus Mistry’s 'baseless charges'
Venkataramanan is responsible for management and oversight of all the Tata Trusts, Sir Dorabji Tata Trust being the largest of these
BUSINESS
Reduced rate of child marriages brings India to 113 rank from 116 on childhood index
India jumped three positions up from 116 last year with improvement in India’s overall score by 14 points.
