INDIA
Govt begins probe into UPA’s $2.2bn naval aircraft contract after CAG slams deal
The Centre is also likely to rope in investigation agencies at a later stage, if the matter needs to be probed further.
BUSINESS
Apple files patent for AR windshield for self-driving cars
The windshield will support FaceTime calls between different vehicles
BUSINESS
Rajasthan shuts internet services over 140 times in one year; COAI urges telecom secretary to intervene
Indian states shut down internet services for a total of 16,315 hours between 2012 and 2017, which resulted in a total loss of around Rs 87,000 crore
BUSINESS
Union Bank of India Q1 profit rises 11% to Rs 129 cr despite higher provisions, NPA weakens
Union Bank of India's provisions and contingencies fell sharply by 60.7 percent sequentially to Rs 2,229 crore, but increased 30.8 percent YoY in Q1.
BUSINESS
An evening walk down Dalal Street | Sensex gives up 38K, closes 150 pts lower, Nifty holds 11,400
At the close of market hours, the Sensex ended down 155.14 points or 0.41% at 37869.23, while the Nifty was lower by 41.20 points or 0.36% at 11429.50.
BUSINESS
BigBasket looks to expand business with Railways as IRCTC becomes one of top 10 buyers
BigBasket faces tough competition from brick and mortar shops, and pre-qualified wholesale suppliers such as Big Bazaar, Metro Cash and Carry, NAFED and the National Cooperative Consumers Federation of India.
WORLD
Unveiling Note 9, Galaxy Home & partnership with Spotify: Here are the highlights of Samsung’s Unpacked 2018
The announcements include the Note 9, the Galaxy Watch, the Galaxy Home smart speaker and a new partnership with Spotify
BUSINESS
Jet Airways closes 8% down after it defers Q1 result; stock down 65% in last 6 months
The board of directors of the company, at its meeting held on August 9, deferred the matter of consideration of the unaudited financial results for the quarter ended June 30, 2018.
BUSINESS
SBI narrows loss QoQ, improves asset quality: Here are 10 key takeaways from Q1 results
On sequential basis, SBI's Q1 loss narrowed from Rs 7,718.2 crore due to sharp drop in provisions.
BUSINESS
PVR, other multiplex stocks soar up to 6% after SC stays J&K HC order allowing outside food in cinema halls
According to a report on CNBC-TV18, the matter will be heard by the apex court in six weeks. It must be noted that the stay is only limited to the state of J&K only.
BUSINESS
CreditAccess Grameen IPO subscribed 2.22 times so far on last day of issue
The IPO, worth Rs 1,131 crore, got bids for 4.17 crore shares against a total issue size of 1.88 crore shares, data available with NSE, as of 7 pm, revealed.
BUSINESS
Closing Bell: Anti-climax end on D-Street! Sensex closes over 150 points lower, Nifty gives up 11,450
Banks led the losers’ chart, which dragged benchmarks. There was weakness visible among metals, pharmaceuticals as well as energy names, while auto and FMCG names were in the green.
BUSINESS
Lone Star may acquire road projects from IL&FS in a $1 billion deal: Report
IL&FS Transportation Networks has about 28 build-operate-transfer projects in its portfolio, several of which are operational. The estimated value of all projects is Rs 25,000 crore
BUSINESS
Hindalco reports 43% rise in Q1 net profit at Rs 413.5 crore; posts good operational show
Its revenues grew 8.4 percent at Rs 10,593 crore against Rs 9,775 crore seen during the corresponding quarter of last year.
INDIA
Documents in Devanagari script, Urdu dialect exclude many from NRC: Report
The officers who were responsible for the scanning the documents of proof claimed they were difficult to understand due to the Devanagari script in which they were written
BUSINESS
Gail India Q1 profit jumps 23% to Rs 1,259cr on better operating performance
Revenue of the company rose 12 percent at Rs 17,299 crore against Rs 15,431 crore.
BUSINESS
Voltas Q1 net profit flat at Rs 187 crore
Gross sales for the first quarter rose by 8.7 percent
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
