BUSINESS
Tepid debut: TCNS Clothing closes 8% lower at Rs 657.80 on Day 1
After opening at Rs 715 against issue price of Rs 716, it touched an intraday high of Rs 724.50 and low of Rs 626.60 on the BSE.
INDIA
Government working on e-commerce policy to help Indian firms compete with foreign players
A think tank has been set up by the commerce department, which includes companies such as Ola, Snapdeal, Makemytrip, Urban Clap and Justdial.
INDIA
Individuals could soon be allowed to own private jets without having to operate them
The civil aviation ministry is working on a proposal that would allow private jets to have different owners and operators
BUSINESS
Swiggy to soon deliver groceries, medicines: Report
The company will test its new strategy across Bengaluru, Mumbai and the Delhi-NCR region from October.
INDIA
Govt looking to make travel for Haj pilgrims economical, may restart sea route
A record 1,75,025 Muslims from India will be making the Haj pilgrimage this year. Around 1,308 Muslim women are travelling for the pilgrimage without.
TRENDS
India most 'willing' country to donate organs, but this isn't helping the organ donation rate
Despite being the most "willing", deceased donor donation rate in India is around 0.34 per million, which is abysmally low compared to other developed countries like the US.
BUSINESS
Indian CEOs confident about growth of their companies for next 3 years: KPMG report
According to the fourth annual KPMG CEO Outlook report for India, 89 percent of the CEOs surveyed expressed confidence in the global economy while only 69 percent seemed optimistic about the growth of Indian economy.
BUSINESS
RBI hiking repo rate will be a ‘big mistake’: Mark Mobius
According to Mobius, various Indian states are facing problems and a cut in borrowing costs is needed to boost investments.
BUSINESS
Central Bank of India Q1 widens sharply to Rs 1,522 cr but NII grows 26%
Net interest income during the quarter increased 26 percent year-on-year to Rs 1,678 crore against Rs 1,331 crore in year-ago.
BUSINESS
GIC Re Q1 net profit up 98% to Rs 771 crore
Underwriting losses came down significantly in the first quarter
INDIA
65-year-old banker duped of Rs 35 lakh after 'falling in love' online
The 65-year-old ex-banker gave away Rs 13 lakh of his hard-earned savings and took a loan of Rs 22 lakh to help out a woman who claimed to be detained by immigration officials at the Mumbai airport
BUSINESS
Escorts Q1 profit jumps 93% to Rs 121 cr led by growth across segments
Agri machinery business grew by 25 percent to Rs 1,177.2 crore, construction equipment segment 49.5 percent to Rs 246 crore and railway products division 35 percent to Rs 88.1 crore compared to year-ago.
BUSINESS
Tech Mahindra to report Q1 results today: Telecom, digital commentary eyed
Analysts will watch out for commentary on deals, on the telecom and enterprise businesses, and on the progress of the digital's share in overall revenue
BUSINESS
GIC Re shares rally 10% after a solid growth in Q1 profitability
Gross premium in Q1 increased 9.3 percent to Rs 18,791 crore compared to Rs 17,194 crore in corresponding quarter last fiscal.
BUSINESS
Mahindra to join peers, hike vehicle prices by up to Rs 30,000 in August
Mahindra joins Hyundai, Honda and Tata Motors who have raised prices or will do so next month.
BUSINESS
Shuttl raises $11 million from Amazon India, others in Series B-funding
The investment will help Shuttl consolidate its leadership position in the technology-enabled seat-based bus mobility market.
WORLD
News in Pics: Your daily dose of pictures from around the world
Moneycontrol brings to you select pictures that are making headlines across the globe.
TRENDS
SBI raises interest rates on fixed deposits by up to 10 bps
This revision comes just before the Reserve Bank of India's third bi-monthly policy review, which is scheduled to be announced on August 1
BUSINESS
HDFC Q1 net profit up 54% at Rs 2,190 crore, beats analyst expectations
A healthy growth in interest income and assets under management aided the profit growth.
BUSINESS
Shree Cement Q1 profit falls 37% to Rs 280 cr on weak operational performance
The cement maker said revenue during the quarter increased 19.1 percent to Rs 3,070 crore compared to Rs 2,576.6 crore in same period last year.
WORLD
OxygenOS v5.1.4 out for OnePlus 5 & 5T – all you need to know
New features include better image quality, sleep standby stabilization and group messaging
BUSINESS
New India Assurance Q1 net profit up 27% as gross premiums jump
Crop insurance segment posted an underwriting profit in the first quarter
BUSINESS
Axis Bank likely to report over 50% fall in profit for Q1FY19 on higher NPA provisions
Loan growth and steady interest income may bring in minor relief to the financial numbers for the June quarter
TECHNOLOGY
From newborns to the handicapped, bullet train to ease journey for every passenger
For the comfort of passengers to travel in the bullet train, the railway administration is also extending facilities of freezer, hot case, boiling water as well as tea and coffee maker in the train
