BUSINESS
HDFC Bank's Abheek Barua pegs Q1 GDP growth at 7.6% versus 5.6% YoY
Industrial growth is expected to pick up to 8 percent in Q1 from 0.1 percent last year. In part, a favorable base effect is likely to support growth in the first quarter.
TECHNOLOGY
Your Android phone sends information to Google upto 90 times in an hour
Interestingly Google even collects more data from iPhone users than Apple itself does. This, however, only works when the phone is used. In idle mode iPhones very rarely communicate with Google’s servers
BUSINESS
An evening walk down Dalal Street | Last hour recovery helps D-Street cut losses, Nifty ends below 11,700
A weak rupee weighed on indices through the day, with the Indian currency dropping to a fresh low of 70.8550. Analysts had attributed the fall to rising crude oil prices and month-end dollar buying by oil companies to pay these off.
BUSINESS
Tomato prices plunge to Rs 2 per kilo: Report
Poor rainfall, sudden surge in production of tomatoes and decline in consumption are the key causes behind the drop in prices
ECONOMY
RBI proposes introduction of varnished currency notes on a trial basis
The central bank announced the move in its annual report, which was released on Wednesday.
BUSINESS
ITI jumps 20% on advance work order worth Rs 6,633cr
The company has received an advance work order (AWO) from BSNL for the operation and maintenance and sales & marketing of the passive infrastructure of 6945 BTS sites of BSNL's GSM network in UP East, UP West, Uttarkhand and Tamilnadu circles.
BUSINESS
MTNL ends with 10% gain on buzz of Rs 30,600 cr financial aid by DoT to cut debt
The annual general meeting (AGM) of the company will be held on September 28, 2018.
WORLD
This Bengaluru-based institute will help Morocco develop a database on the lines of Aadhaar
Morocco signed a MoU with International Institute of Information Technology, Bengaluru in Rabat on August 27
INDIA
Activists’ arrests an attack on freedom of speech: Former CJI Lodha
The former Chief Justice of India has said the government’s actions are “an attempt to suppress the dissenting voice”
BUSINESS
Citi maintains neutral stance on Pidilite with a target of Rs 1,216
The firm added that the company will be prioritizing growth over margins. It expects margin to be in the band of 20-24 percent.
BUSINESS
PNB Housing Finance down 3%; JPMorgan maintains underweight with potential downside of 25%
JPMorgan believes that book risk are contained and company do need monitoring given the state of real estate market.
BUSINESS
Who will bear liability in cyber fraud cases — banks or customers?
Depending on the type of account and the circumstances in which the fraud took place, the liability to be borne by customers can range from Rs 5,000 to Rs 25,000
BUSINESS
Ola announces launch of Ola Mobility Institute
The institute will focus on leveraging the ‘disruptive’ potential of mobility as a growth and innovation for India’s economy
BUSINESS
Petronet LNG gains 3% as Citi maintains buy with upside potential of 24%
Citi raised target price to Rs 290 from Rs 285 per share.
BUSINESS
News highlights: Corporate insolvency resolution process initiated against Lavasa
This blog will keep track of breaking news and important developments through the day.
BUSINESS
ITC touches 52-week high; BofAML maintains buy with target Rs 360
BofAML expects healthy show in FMCG despite rising competitive intensity.
BUSINESS
Flying taxis in next 5 years? Uber shortlists India in hunt for launch cities
The five shortlisted countries are Japan, India, Australia, Brazil and France. Uber customers in launch cities will be able to push a button and get a flight on demand
SPORTS-TRENDS
Asian Games 2018: Sports disciplines that made their debut at the event
Here’s a quick look at 10 sports that were introduced at the 2018 Asian Games in Indonesia
BUSINESS
Closing Bell: Nifty ends August series below 11,700, Sensex ends flat; pharma, metals gain big
At the close of market hours, the Sensex ended lower by 32.83 points or 0.08% at 38690.10, while the Nifty was down 12.20 points or 0.10% at 11679.70.
BUSINESS
Axis Bank falls 2% even as UBS raises target price to Rs 765; sees upside of 16.5%
UBS believes that the lender is well placed to gain market share in deposits. It also observed that asset quality clean-up was nearing the end.
BUSINESS
Vistara to add more seats in the economy class
The addition will take the tally of seats in the economy cabin from 158 to 164.
BUSINESS
CEOs of top US companies made 312 times more than their workers in 2017
According to the researchers, the exponential growth in CEO pays is not by virtue of their contribution to economic output but by virtue of their position
BUSINESS
Cadila Healthcare rises 2% on USFDA approval for Gemfibrozil & Aripiprazole tablets
Zydus Cadila has received the final approval from the USFDA to market Gemfibrozil Tablets USP 600 mg and Aripiprazole Orally Disintegrating Tablets USP in strengths of 10 mg, 15 mg, 20 mg, and 30 mg.
POLITICS
RSS mulls organising 'Vaicharik Kumbh' across India to hold discussions with writers, artists
The first kumbh, called the ‘saanskritik kumbh’, will be targeted at the film industry specifically. It will be held in Mumbai on September 5.
