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Canara Bank jumps 5% after solid Q1 results; Kotak Securities maintains add with target Rs 300

BUSINESS

Canara Bank jumps 5% after solid Q1 results; Kotak Securities maintains add with target Rs 300

During the quarter, NII -- the difference between interest earned on loans and that paid on deposits jumped 43 percent YoY to Rs 3,882.9 crore from Rs 2,713 crore in the June quarter last year.

NCLT rejects Jyoti Structures' resolution plan, directs liquidation

BUSINESS

NCLT rejects Jyoti Structures' resolution plan, directs liquidation

Jyoti Structures owes around Rs 7,500 crore to lenders including State Bank of India (SBI), ICICI Bank, Bank of India (BoI) and IDBI Bank.

L&T rises 2% on strong Q1 nos; brokerages maintain buy with target Rs 1,620

BUSINESS

L&T rises 2% on strong Q1 nos; brokerages maintain buy with target Rs 1,620

Revenue for the quarter grew 17.9 percent YoY to Rs 28,283 crore in Q1FY19 from Rs 23,989 crore YoY.

US regulator intensifies probe into ICICI Bank: Report

BUSINESS

US regulator intensifies probe into ICICI Bank: Report

The US regulator has asked for the bank’s accounting practices especially related to the loans given between 2010 and 2016.

Closing Bell: Sensex and Nifty end at record closing high; Nifty PSU bank up 5%

BUSINESS

Closing Bell: Sensex and Nifty end at record closing high; Nifty PSU bank up 5%

The 50-share index managed to scale a fresh record high of 11,185.85, surpassing the previous levels of 11,171 that was recorded earlier this year. There was some last hour volatility and weakness ahead of F&O expiry, but PSU banks’ strength ensured that it managed to clock fresh record highs on both indices.

Indian rupee opens higher at 68.71 per dollar

BUSINESS

Indian rupee opens higher at 68.71 per dollar

Today, USD-INR pair is expected to quote in the range of 68.80 and 69.20, says Motilal Oswal.

Markets@Moneycontrol: Nifty likely to open higher; top 3 stocks which could give 8-10% return

BUSINESS

Markets@Moneycontrol: Nifty likely to open higher; top 3 stocks which could give 8-10% return

Nifty Futures on the Singaporean exchanges were trading strong, with the index inching towards 11,200, pointing to a possible fresh record high.

Top buy & sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term

BUSINESS

Top buy & sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term

Mitessh Thakkar of mitesshthakkar.com advises buying Repco Home Finance with a target Rs 655.

Stocks in the news: ITC, Bharti Airtel, L&T, Hero MotoCorp, PNB, JSW Steel, Amtek Auto

BUSINESS

Stocks in the news: ITC, Bharti Airtel, L&T, Hero MotoCorp, PNB, JSW Steel, Amtek Auto

ITC | Bharti Airtel | L&T | Hero MotoCorp | PNB and JSW Steel are stocks, which are in news today.

What changed for the market while you were sleeping? 10 things to know

BUSINESS

What changed for the market while you were sleeping? 10 things to know

A list of important headlines from across news agencies that could help you with your trade today.

A morning walk down Dalal Street: Nifty likely to be volatile ahead of F&O expiry

BUSINESS

A morning walk down Dalal Street: Nifty likely to be volatile ahead of F&O expiry

Once the key hurdle of 11171 gets taken out, the benchmark index can march towards 11450 in the short term.

Facebook loses $120bn in market cap in after-hours trade following poor Q2 earnings

BUSINESS

Facebook loses $120bn in market cap in after-hours trade following poor Q2 earnings

The magnitude of erosion was such that Facebook lost more than twice the market cap of Tesla

Strategically important Sikkim airport under dispute over security arrangements

INDIA

Strategically important Sikkim airport under dispute over security arrangements

Ministry of Home Affairs has proposed that the CISF handle security at the airport, however, MoCA claims local Sikkim police can secure it.

Mumbai's St Xavier's College to get first non-Christian principal in 150 years

INDIA

Mumbai's St Xavier's College to get first non-Christian principal in 150 years

Rajesh Shinde (55) who presently heads the Botany Department is a resident from Nerul and is serving the college for the past 35 years.

In latest scam, unethical Uber drivers using vomit to dupe customers: Report

WORLD

In latest scam, unethical Uber drivers using vomit to dupe customers: Report

Uber reimburses drivers for any kind of damage caused to their cars by passengers. Taking advantage of the policy, unethical drivers are falsely accusing passengers of vomiting in the cars and are charging $100 as clean up fee.

Podcast | All you need to know about the protests in Maharashtra

BUSINESS

Podcast | All you need to know about the protests in Maharashtra

Why were the protests happening in the first place? Which were the organisations behind the protests? What toll did Maharashtra have to pay in the protests that turned violent today and yesterday? We will aim to answer all these questions on our Pick of the Day.

Odisha government may soon recruit women fire-fighters: Report

INDIA

Odisha government may soon recruit women fire-fighters: Report

The government is planning to introduce a 15% reservation for women in the recruitment of fire-fighters.

BMC's app MCGM 24x7 fails to even register users' accounts

INDIA

BMC's app MCGM 24x7 fails to even register users' accounts

Several unsuccessful attempts were reportedly made to register a complaint about potholes outside Khar Railway Station, Bandra Railway Station and Andheri regional transport office.

Kvikk Lunsj, maker of Cadbury, wins legal battle against Nestle

WORLD

Kvikk Lunsj, maker of Cadbury, wins legal battle against Nestle

The 11-year-legal fight comes to an end between Nestle and Kvikk Lunsj.

Subtitles row: To tamper or not, wonder Kolkata film labs

INDIA

Subtitles row: To tamper or not, wonder Kolkata film labs

According to film lab owners, the recent director by CBFC regarding subtitles certification, is no less than a dilemma as tampering with certified prints is not right.

Idea-Vodafone may initiate tariff war in prepaid segment for seeking subscribers

BUSINESS

Idea-Vodafone may initiate tariff war in prepaid segment for seeking subscribers

Idea Cellular and Vodafone made joint a payment of Rs 7,248.78 crore under protest to the Department of Telecom for merging their mobile business, as any further delay in approvals would hurt the retention of 430 million subscribers and would hurt the servicing of the large financial gross debt, amounting to over Rs 1,25,000 crore.

TN government digs out old video to disprove Jayalalithaa's heir's claim

POLITICS

TN government digs out old video to disprove Jayalalithaa's heir's claim

Justice S Vaidyanathan noted that everything relating to the life and death of Jayalalithaa and also Amrutha’s claims remained a question mark.

India to soon get waiver on US law penalising securing of Russian weapons: Reports

WORLD

India to soon get waiver on US law penalising securing of Russian weapons: Reports

The US Senate and House Armed Services Committee however, has made an amendment to section 231 of CAATSA, meaning India, along with Indonesia and Vietnam, will be able to secure the weapons from Russia with no repercussions.

Gujarat government likely to implement 'one citizen, one vehicle' policy

INDIA

Gujarat government likely to implement 'one citizen, one vehicle' policy

According to the government, this move will aid in controlling the rising vehicle population.

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