BUSINESS
Bharat Electronics Q1 profit zooms 43% to Rs 180 cr, order inflow rises 48%
BEL said orderbook at the end of June stood at Rs 41,645 crore, which increased a percent over Rs 41,052 crore reported in corresponding period last fiscal.
INDIA
Fanney Khan song with ‘Achche Din’ lyrics used to target Modi govt, makers launch new version
Soon after the release of the song, social media users started using it in the context of Modi’s political slogan ‘Acche Din’ that he used during the Lok Sabha elections of 2014 and raised questions on his governance
BUSINESS
Govt may pool lands of loss-making PSUs, give them to state-owned developers
Several central public sector enterprises have shown interest in becoming land management agencies
WORLD
Fox develops AI to determine movie's audience based on its trailers
After linking attendance record to hundreds of trailers, the AI is now capable of determining who is most likely to watch a movie
WORLD
Fortnite to come to Samsung Galaxy Note 9 on Aug 24, other Android users to get it on Sep 23
Fortnite Mobile will be supported by about 40 Android devices at launch and these include most recent smartphones by Google, Samsung, Huawei, and more
BUSINESS
Raymond posts Q1 profit at Rs 1.9 cr on strong operational performance
Raymond's revenue during the quarter increased 4.5 percent to Rs 1,251 crore compared to Rs 1,197 crore reported in corresponding period last year.
BUSINESS
HealthPlix raises $3 million from Kalaari Capital and IDG Ventures India
The company will utilise the funds to further strengthen its technology to assist doctors and expand its team and services in other markets.
WORLD
Startup launches diamond-studded gold-plated Apple AirPods worth Rs 6.8 lakh - here's a look
The pods are coated with 3.0 micron-thick gold, two rows of 2K diamonds and is hand polished
TRENDS
DIFC Courts, Smart Dubai to launch world's first 'Court of the Blockchain'
DIFC said that the platform will enable different courts to share information in a decentralised manner and will eliminate document duplications
BUSINESS
UPI 2.0 ready for mid-August launch: Report
The option to make recurring payments to merchants will likely be excluded from the upgraded UPI
INDIA
Reasons for exclusion from NRC to remain confidential: Report
State NRC officials have assured that those not included in the list will not be sent to detention centres.
BUSINESS
UPL Q1 profit rises 6% to Rs 514 cr, higher finance cost restricts growth
Revenue from operations grew by 11 percent to Rs 4,134 crore compared to Rs 3,723 crore in same period last year.
BUSINESS
HPCL lists President of India as promoter despite ONGC now owning controlling stake
ONGC had bought the government's 51.11 percent stake in HPCL for Rs 36,915 in January this year
BUSINESS
Check out Insider Trading transaction for 26 July 2018; Bajaj Auto, ITC, RBL Bank in focus
Bajaj Auto stock was bought by Kevin Dsa (officer & relatives) to the tune of 500 shares through market purchase on July 25 and Shishir Jaipuria bought 61,933 shares of Ginni Filaments through market purchase from July 20 to July 25, 2018.
BUSINESS
Dabur Q1 profit jumps 25% to Rs 329 crore; volume growth at 21%
The consolidated revenue was reported at Rs 2,080.7 crore, up 16.2 percent on year in the June quarter FY19.
BUSINESS
Bank of India Q1 profit rises 8% despite higher provisions, asset quality weakens
Provisions for bad loans more than halved sequentially to Rs 2,564 crore from Rs 6,674 crore, but increased 14 percent year-on-year.
BUSINESS
Redington slips 10% on weak June quarter numbers
The company's consolidated net profit was down 40 percent at Rs 85.8 crore against Rs 143.5 crore, Q-o-Q (down 8% YoY).
BUSINESS
Haryana organises special camp to make villages ideal, cultured and stress-free: Report
Haryana govt led by CM Manohar Lal Khattar has turned to babas to make the villages ‘adarsh’ (ideal), sanskarwan (well-cultured) and tanavmukt (stress-free).
BUSINESS
SC gives govt benefit of doubt in tax exemption cases
The tax department processes millions of requests every year, making it difficult for officers to parse through the paperwork and investigate whether the said goods conform to the category under which exemption is claimed.
BUSINESS
Poll reveals that 75% of the US investors believe bitcoin is 'very risky'
The study also revealed that the perception of the investors regarding cryptocurrencies changes with gender and age
REAL-ESTATE
Commercial real estate segment witnesses 12.6 million sq ft of absorption in second quarter of 2018: Colliers Research
Bengaluru continued to account for the highest share of absorption at 34 percent in the second quarter followed by the National Capital Region at 28 percent followed by Mumbai at 14 percent
WORLD
WhatsApp’s group video calling feature is finally live - here's how to use it
Users can now add up to four contacts into a single end-to-end-encrypted video call
INDIA
Leaders of Indian contingent for 2018 Asian Games: An MP facing attempt to murder charges and Suresh Kalmadi's ex-secretary
The Asian Games preparation for India have been mired in controversy. The decisions to not allow the football team to participate and to not provide kits for sports whose federations are not recognized by the IOA have not been received well.
BUSINESS
Brokerages mixed on Godrej Consumer, but raised target post Q1 earnings beat estimates
Brokerage houses are mixed in their ratings as some have downgraded the stock due to high valuations and some retained ratings. But all brokerage houses raised target prices on the stock.
