BUSINESS
SBI shares fall 4% on loss of Rs 4,876 cr in Q1 even as asset quality improves QoQ
In absolute terms, SBI's gross NPAs declined 4.7 percent sequentially to Rs 2,12,840 crore and net NPAs dropped 10.5 percent to Rs 99,236.3 crore in June quarter.
BUSINESS
IIFL Mutual Fund seeks regulatory nod to launch US technology fund
The scheme will allocate at least 95% of its assets in equity and equity-related instruments listed on US stock exchanges and belonging to IT, internet and allied sectors
BUSINESS
Alkem Laboratories gains 1% after no Form 483 issued by USFDA for Baddi plant
The meeting of the board of directors of the company is scheduled on August 10, to consider and approve the standalone and consolidated unaudited financial results of the company for the quarter ended June 30, 2018.
POLITICS
Duty to form law to stop criminals from contesting elections: SC to Centre
The CJI reportedly told attorney general KK Venugopal that under the Constitution, the government was obligated to formulate a law that stops criminals from contesting elections
WORLD
Sony unveils limited edition PS4 Pro to celebrate 500 million consoles sold
The 500 Million PlayStation will come with a vertical stand, a PlayStation Camera, and a giant hard disk
TECHNOLOGY
Apple gets patent on face detection, gesture control patent for Mac
The patent granted on Tuesday states that the body language will play a key role in the recognition process, with the head, torso and arm, being used to signal an intent to the Mac.
BUSINESS
SBI, LIC want US-based T Rowe Price to cut stake in UTI AMC: Report
T Rowe Price owns a 26 percent stake in UTI AMC and is the company's single largest shareholder
COMPANIES
2018 promises healthy appetite for sales growth at QSR chains
Brokerage firm Philip Capital maintains a positive stance on quick serving restaurants.
BUSINESS
Bosch Q1 profit surges 42% to Rs 431 cr on strong growth in automotive products biz
Bosch said automotive products business in June quarter grew by 9.7 percent to Rs 2,727 crore with its EBIT (earnings before interest and tax) rising 61.5 percent to Rs 560.3 crore YoY.
POLITICS
Monsoon Session highlights: Lok Sabha adjourned sine die; triple talaq Bill deferred
This blog will keep you updated about the ongoing monsoon session in the Parliament.
BUSINESS
Google search volume can predict price movement of cryptocurrency, suggests study
The paper argues that “high investor attention predicts high future returns over a 1-2 week horizon for Bitcoin, a one-week horizon for Ripple (XRP), and 1-6 week horizon for Ethereum."
BUSINESS
NIIT Tech, HCL Technologies, Hexaware, TCS to get astrological support: Satish Gupta
NIIT Technologies, HCL Technologies, Hexaware Technologies and Tata Consultancy Services will get astrological support, says Satish Gupta of astrostocktips.
BUSINESS
Bosch rises 3% on strong June quarter numbers
Revenue was up 21.3 percent at Rs 3,212 crore versus Rs 2,648 crore.
INDIA
Taxis from other states may soon need permit to ply in Delhi: Kailash Gahlot
In June, 404 such vehicles were challaned by Delhi's transport department and 104 such vehicles were impounded
INDIA
Chhattisgarh govt to distribute free lunches to MNREGA workers
Unlike other government schemes, this Mukhyamantri Tiffin Distribution Scheme 2018 arises out of an incident that happened during the Chief Minister's visit to Gaurkheda Village in Bilaspur.
BUSINESS
Taro Pharma Q1 profit up 23% to $67.3m; operational income dips 19%
Net sales during the quarter fell 4.2 percent to $154.6 million compared to $161.3 million in same period last fiscal.
BUSINESS
'India remains best market among EMs; overweight consumption, IT is joker in the pack'
Atul Suri said 10,000 or somewhere around that level is higher bottom for the market now.
BUSINESS
Tata Communications declines 6% on poor June quarter numbers
Revenue fell 2.8 percent to Rs 3,912.3 crore versus Rs 4,008.6 crore, QoQ.
BUSINESS
Tata Sons gets green light from Registrar of Companies to go private: Report
The move is a setback for the Mistry family, which has filed a petition that seeks to stay Tata Sons' conversion into a private limited company
BUSINESS
Buy Deepak Nitrite, target Rs 330: Ashish Chaturmohta
The stock can be bought at current level and on dips to Rs 275 with a stop loss below Rs 265 and a target of Rs 330 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
WORLD
Twitter founder defends decision to not suspend Alex Jones
Jack Dorsey explained Jones did not violate Twitter’s policies and that the social media giant would not give in to outside forces
BUSINESS
Buy Phillips Carbon Black, target Rs 320: Ashish Chaturmohta
The stock can be bought at current level and on dips towards Rs 275 with a stop loss below Rs 265 and a target of Rs 320 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
BUSINESS
Buy Kansai Nerolac Paints, target Rs 600: Ashish Chaturmohta
The stock can be bought at current level and on dips to Rs 505 with a stop loss below Rs 490 and a target of Rs 600 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
BUSINESS
Monsoon Session: All you need to know about changes made in triple talaq Bill to be tabled in Rajya Sabha today
Today is the last day of the Monsoon Session and the government is hoping the passage of the triple talaq Bill.
