WORLD
Intel's drone and AI technology helping restore the Great Wall of China
Intel is making use of the Falcon 8+ drone for the aerial inspection and survey of Jiankou section following which there will be data processing and analysis
TRENDS
Tea from Assam sold at a record-high price of INR 39,001 per kg
Manohari Tea Estate sold 2 kgs of hand-made gold tips at an auction
BUSINESS
JSW Steel Q1 consolidated net profit rises nearly 4 times to Rs 2,339 crore
A Reuters poll of 10 analysts estimated the company to report a consolidated net profit of Rs 2,114 crore, from Rs 624 crore in the corresponding quarter a year ago
BUSINESS
Info Edge hits 52-week high; CLSA maintains buy with target of Rs 1,700
Morgan Stanley has maintained overweight call on Info Edge with a target at Rs 1,900 per share.
BUSINESS
Rakesh Jhunjhunwala raises stake in Karur Vysya Bank to 4.22% in April-June quarter
Rakesh Jhunjhunwala increased stake in Karur Vysya Bank to 4.22 percent from 3.66 percent earlier.
INDIA
BEST bus ticket sales witness monthly drop of Rs 11 crore in 2017-18
The dip in ticket sales, estimated to be around 11 percent, is attributed to poor bus frequency and shrinking of fleet by at least 20 percent
BUSINESS
Crompton Greaves Consumer Electrical Q1 profit, EBITDA jump over 29%
Electricals consumer durables segment registered a 14.7 percent growth YoY in revenue at Rs 925 crore with its EBIT rising 27.4 percent to Rs 180 crore in Q1.
BUSINESS
Tata Elxsi hits record high, up 7% after strong operating margin in Q1
Tata Elxsi's Q1 margin increased sharply by 510 basis points year-on-year.
BUSINESS
InterGlobe Aviation, operator of IndiGo, falls 2% on report of aircraft being grounded at Delhi airport
According to CNBC-TV18, the airline said that ‘few’ aircraft have been grounded at Delhi airport. Further, the report added that the carrier is awaiting spare engines from Pratt & Whitney.
WORLD
Online petition to stop Netflix show Insatiable gathers steam
The show has been accused of "fat-shaming", inviting the ire of viewers.
BUSINESS
Capital infusion in 5 PSBs to be credit positive, help meet regulatory requirements: Moody's
Of the Rs 11,337 crore capital infusion plan, Rs 1,790 crore is for Allahabad Bank, Rs 2,019 crore for Andhra Bank, Rs 2,555 crore for Corporation Bank, Rs 2,157 crore for Indian Overseas Bank and Rs 2,816 crore for Punjab National Bank
BUSINESS
Tata Elxsi Q1 profit rises 0.3%, posts strong operational performance
Profit during the quarter increased to Rs 70.5 crore compared to Rs 70.3 crore in the March quarter.
BUSINESS
RIL to set up production house to create original web series, short films for Jio users
The company's aim is to attract more people to Jio's 215-million-strong customer base, particularly in light of the recent launch of its fiber-to-home service Jio GigaFiber
INDIA
Godhra Civil Court attaches a government vehicle due to delay in paying compensation to farmers
Since the department failed to pay the additional compensation amount, an executive petition was moved to lead to attachment of the properties of the department.
POLITICS
Maratha Kranti Morcha protests highlights: Clashes between protesters and police still on; tear gas used in Thane
Tune into this blog to keep track of key developments of the Maratha agitation throughout the day.
INDIA
Controller of Examination gets the boot for printing degrees of flunked students
Degrees of failed students were printed and distributed to colleges which come under Dr.Babasaheb Ambedkar Marathwada University. A committee was set up to probe into the matter further.
POLITICS
Delivery of VVPATs way behind schedule, dims chances of early Lok Sabha elections
With 3 months to go for the deadline, the poll panel has received only 3.48 lakh units, of the total order of 16.15 lakh VVPAT machies, as of June 19 this year
BUSINESS
Hindalco stock gains 3% on report of likely acquisition of Aleris this week
Sources told channel that Hindalco is expected to buy 100 percent stake in Aleris, giving exit to investors like Oaktree Capital and Apollo Global.
INDIA
Piyush Goyal lauds RPF constable trying to save a woman from falling under the train
In a tweet posted on Tuesday which included a CCTV grab of the incident, the constable can be seen trying to pull the woman towards safety as a local train departs
BUSINESS
Domino’s operator, Jubilant FoodWorks, posts strong rise in Q1 profit to Rs 74.7 cr; SSSG growth at 25.9%
On an operating level, the earnings before interest, taxes, depreciation and amortisation grew 78.5 percent at Rs 142 crore against Rs 79.6 crore year on year.
BUSINESS
Welspun Enterprises doubled Q1 profit at Rs 22.8cr
The operating profit or EBITDA at Rs 30.4 crore and margin was up 200 bps at 8.6 percent.
BUSINESS
Welspun Enterprises rises 5% as Q1 net profit jumps 99% at Rs 22.8cr
Revenue rose 70.3 percent at Rs 355.1 crore versus Rs 208.5 crore.
BUSINESS
Pune tops office transactions growth in India at 118%; NCR sees resurgence in residential launches: Knight Frank report
Knight Frank India today launched the ninth edition of its half-yearly report - India Real Estate.
INDIA
Jute ID cards issued instead of plastic ones at IDSFFK 2018
The International Documentary and Short Film Festival of Kerala (IDSFFK) in its 11th edition this year has banned the use of plastics and is issuing jute ID cards.
