BUSINESS
L&T Infotech gains 3%; board to consider Q1 results on July 23
A meeting of the board of directors of the company will be held on July 23 to consider, approve and take on record, the un-audited standalone and consolidated financial results of the company for the quarter ended June 30, 2018.
BUSINESS
AMFI releases list of stocks based on market capitalisation for mutual funds
SEBI had asked AMFI last year to rank stocks based on their market capitalisation for the convenience of mutual funds
BUSINESS
Capital First rises 2% as company plan to raise Rs 100cr
The tenor of the said instruments is 3 years and to be listed on NSE.
BUSINESS
TCS Q1 PAT seen up 3% QoQ to Rs. 7,108.1 cr: Motilal Oswal
Net Sales are expected to increase by 5.8 percent Q-o-Q (up 14.7 percent Y-o-Y) to Rs. 33,927.3 crore, according to Motilal Oswal.
BUSINESS
Dr Lal PathLabs stock falls 3% after its chief financial officer resigns
Bidani will now be serving his notice period in the company.
BUSINESS
Low base of GST to boost Q1 earnings; Nifty earnings growth seen at 21%
On segments, it expects autos, consumer and media to benefit from weak GST, while telecom and cement are likely to see a sharp decline.
BUSINESS
HSBC upgrades Ujjivan to ‘hold’; maintains buy call on Equitas
The brokerage house believes that loan book diversification could weigh on its earnings in the near term, analysts at the firm wrote in a research note.
BUSINESS
Lemon Tree Hotels shares rise 4% on likely increase in occupancy, addition of rooms
The stock has been rallied more than 35 percent from its issue price of Rs 56 per share. It listed on April 10, 2018.
BUSINESS
TCS Q1 PAT seen up 4.6% QoQ to Rs. 7,221.8 cr: Edelweiss
Net Sales are expected to increase by 7 percent Q-o-Q (up 16 percent Y-o-Y) to Rs. 34,331 crore, according to Edelweiss.
BUSINESS
Petronet LNG gains 1.5% after Deutsche Bank maintains buy; sets target at Rs 310
The global financial services firm said that it is confident that there is limited threat of competition for Dahej terminal.
BUSINESS
IndusInd Bank shares end 1% lower post stable Q1 earnings, analysts maintain positive stance
Analysts said quarterly numbers were in line with stable asset quality.
BUSINESS
L&T Infotech Q1 PAT may dip 15.9% QoQ to Rs. 284 cr: HDFC Securities
Net Sales are expected to increase by 5.6 percent Q-o-Q (up 26.5 percent Y-o-Y) to Rs. 2,114 crore, according to HDFC Securities.
BUSINESS
C Sivasankaran may file case against Cyrus Mistry over botched TTSL-Vodafone deal: Report
Sivasankaran will write to Tata Sons, asking them to sue Mistry as the deal reportedly caused a loss of Rs 26,000 crore to the group.
INDIA
Intelligence agencies in Kashmir may probe social media groups to tackle terror
There are over 500 WhatsApp groups in Kashmir that are used as tools for radicalization.
BUSINESS
HCL Tech Q1 PAT seen up 6.5% QoQ to Rs. 2,371 cr: HDFC Securities
Net Sales are expected to increase by 7.7 percent Q-o-Q (up 16.8 percent Y-o-Y) to Rs. 14,190 crore, according to HDFC Securities.
BUSINESS
IndusInd Bank posts 23% rise in Q1FY19 net profit at Rs 1,035.7 crore
For Q1 FY18-19, a Reuters poll had projected net profit to grow 21 percent growth in net profit at Rs 1,014.7 crore.
BUSINESS
Sensex rallies 305 pts to close above 36,000; 5 factors driving market uptrend
Experts said the market has taken all negatives into its stride: global trade tensions, carnage in mid and smallcaps, interest rate hike concerns, et al
BUSINESS
NMDC shares gain 1% after raising iron ore lumps, fines prices
The prices of iron ore lumps and fines are raised by Rs 150 per tonne.
BUSINESS
Uttam Galva Steel gains nearly 5% despite Q1 net loss widen to Rs 366cr
The firm's total income in the June quarter fell to Rs 93.16 crore, from Rs 949.80 crore in the year-ago quarter.
BUSINESS
Wipro Q1 PAT seen up 5.4% QoQ to Rs. 1,900 cr: HDFC Securities
Net Sales are expected to increase by 1.3 percent Q-o-Q (up 2.4 percent Y-o-Y) to Rs. 13,952 crore, according to HDFC Securities.
BUSINESS
Aurobindo closing in on acquisition of Mallinckrodt's specialty generics ops: Report
The Indian drug maker has a decent track record in turning around the businesses that it acquires.
BUSINESS
Tata Motors down nearly 40% in 2018. Raamdeo of Motilal Oswal sees it as quotational loss
“For Tata Motors, prima-facie, I would say that it is a quotational loss because it is a huge franchise and the value will come back,” said Raamdeo Agarwal of Motilal Oswal
BUSINESS
Nava Bharat Ventures stock rallies 5% on likely strong profits from Zambia project
Nava Bharat has debt of Rs 400 crore for India business and Zamibian asset has debt of $500 million.
BUSINESS
SEBI plans to have greater scrutiny for foreign investors from high-risk countries
Higher scrutiny includes bi-annual scrutiny of accounts and UBO reporting once every three months
