BUSINESS
Govt panel suggests moving routine cases out of NCLT's ambit
The move may result in the resolution of lesser economic offences being dealt with in-house, which will in turn bring down the number of routine cases pending with the NCLT
BUSINESS
J Kumar Infra rises 5% on orders win worth Rs 1,523cr; Q1 profit up 55%
The company's Q1FY19 net profit rose 55.8 percent at Rs 40.18 crore against Rs 25.8 crore in a year ago period. Revenue was up 49.2 percent at Rs 618.4 crore versus Rs 414.5 crore.
BUSINESS
Closing Bell: No stopping the bulls! Sensex ends above 38,000 for first time, Nifty at all-time closing high; banks fuel rally
anks led the rally for equity benchmarks, with major gains coming in from PSU banks. Investors are hopeful of stellar June quarter numbers from State Bank of India on Friday and hence placed big bets on the stock.
BUSINESS
Flipkart enters online groceries market with Supermart
While its competitors, BigBasket and Amazon have already established themselves, the company had not launched the service as they wanted to launch a unique and well-rounded model.
BUSINESS
Envision's Nilesh Shah sees global cues posing risk, says insurance space looks attractive
Among financials, insurance space looks most attractive as India is highly underinsured, Nilesh Shah of Envision Capital believes.
BUSINESS
Apar Industries touches 52-week low on weak June quarter numbers
The company's Q1 consolidated net profit was down 25 percent at Rs 29 crore against Rs 39 crore in a year ago period.
WORLD
Facebook regrets appearance of animated balloons in Indonesia earthquake posts
The word “Selamat” used repeatedly in posts that translates to “to survive”, also means “congratulations” in some context and this prompted the animated balloons.
BUSINESS
Tata Mutual Fund seeks SEBI nod to launch a small-cap fund
The open-ended equity scheme will deploy at least 65 percent of its corpus in equities and equity-related securities of small-cap companies
BUSINESS
Page Industries hits 52-week high on strong Q1 nos; declares interim dividend of Rs 41/share
The company board has declared interim dividend of Rs 41 per equity share.
BUSINESS
HT Media gains 7% on demerger of FM Radio business
The composite scheme of arrangement and amalgamation includes demerger of the FM radio business of the company, except the FM radio business operated by the company in Hyderabad and Uttar Pradesh.
BUSINESS
Bajaj Electricals Q1 net profit up 98% on strong consumer durables show
The consumer durables segment overtook engineering, procurement and construction to become the largest contributor to the company's overall revenue
BUSINESS
Bitcoin takes another plunge, XRP and Litecoin at year's low
After a long gap, bitcoin had touched $8,000 last month. However, all hopes of its meteoric rise like last year were dashed as it tumbled in the subsequent fortnight
BUSINESS
Walmart to approach I-T Dept to ascertain withholding tax liability on merger with Flipkart
Walmart will be required to pay withholding tax while making payment to Flipkart's shareholders, a senior income tax department official said on Thursday
TRENDS
Study finds around 90 percent of US dollar notes carry traces of cocaine
Interestingly, narcotics was not the only thing that was found on a US dollar bill...
WORLD
Airbnb cancels sleepover at Great Wall of China
Winners could have spent a night in a renovated section of the UNESCO-listed world heritage site
BUSINESS
NDA candidate Harivansh Narayan Singh elected Rajya Sabha Dy Chairman
Harivansh, who is a JD(U) MP from Bihar and a former journalist, received 125 of the 230 votes in the house. He beat Congress MP Hariprasad by 20 votes
WORLD
Story of Tsutomu Yamaguchi: The man who survived two atomic bombings
As an only recognised person to have survived both bombings, his story is a history lesson for the future
BUSINESS
Amazon starts pre-Independence Day sale a day before Flipkart; both sales to end August 12
Amazon's sale includes offers on four new device launches - Honor Play, Samsung Galaxy Note 9, Huawei Nova 3i and the Blackberry Key 2
INDIA
IKEA debuts in India, will spend Rs 10,500cr to open 25 more by 2025
The company plans to open 25 such stores by 2025 with the Mumbai store slated to open in early 2019. It plans to invest Rs 10,500 crore in India and also launch an online version in 2019.
BUSINESS
ICICI Bank up 8% after it issues clarification on bad loans; Morgan Stanley calls it its 'top pick in Asia financials'
The bank has clarified that it has made full disclosures about its bad loans and non-performing assets (NPAs) in its annual report, investor presentations and analysts’ calls.
BUSINESS
NITI Aayog suggests Air India be made profitable before it’s privatised
The government may have to prepare a plan to deal with issues concerning Air India’s large workforce ahead of a potential disinvestment.
BUSINESS
SC orders fresh bids for Jaypee Infra; homebuyers to now be part of insolvency process
The apex court also ordered the reconstitution of the CoC in light of recent amendments to the IBC that permit homebuyers to be a part of the resolution process
BUSINESS
Govt may let airlines raise foreign funds for working capital
Airlines will be able to offset the adverse impact of rising fuel prices and a fall in the value of the rupee by raising working capital from foreign lenders
WORLD
Fan mail intended for Pakistan's next PM sent to Bollywood's Imran Khan
Cricketer-turned-politician Imran Khan is set to take oath as Pakistan's next Prime Minister on August 14
