BUSINESS
MUST READ: Full text of Raamdeo Agrawal's letter to investors
“Every investor is a value investor so you have to chase the value and not the price. Price will keep moving up and down. The loss is in the price, not in value,” Agrawal said.
BUSINESS
Prakash Industries Q1 net profit up 184% at Rs 168.7cr
Revenue of the company was up 51 percent at Rs 985.4 crore versus Rs 650.5 crore.
BUSINESS
Kotak Securities upgrades Oberoi Realty to Buy, raises target to Rs 560 on likely strong FY19
The research house expects more promising FY19 on account of Thane launch and cash generation from Three Sixty West.
BUSINESS
Cheviot Company gains 4% on bonus issue approval
The bonus issue subject to approval of the members at the ensuing annual general meeting.
BUSINESS
Auto sector to report stellar Q1 numbers led by strong rural demand recovery: HDFC Securities
Automobiles sector will report a stellar quarter in Q1 led by strong recovery in rural demand, government spending on infrastructure, new launches and low base with Ashok Leyland, Bajaj Auto, Hero MotoCorp, Lumax Auto, JBM Auto and Jamna Auto being the top picks from the space.
BUSINESS
Prakash Industries rises 5% on 184% jump in Q1 profit at Rs 168.7cr
The operating profit or EBITDA was up 33 percent at Rs 240.3 crore and margin was up 780 bps at 24.4 percent.
BUSINESS
English fans create ruckus in an IKEA store after team's win against Sweden - here's what the furniture giant did
The company’s UK arm, however, did not take any offense of the fans creating a ruckus in its store and actually congratulated the English side
BUSINESS
In pictures: Samsung opens 'world's largest phone factory' in India
The factory will manufacture over 120 million phones, which is almost double their existing capacity of 67 million units
BUSINESS
FSSAI wants restaurants to mention calorie counts of food items on menus
Restaurants might find it difficult to follow the guideline because recipes are not standardised and ingredients keep changing.
BUSINESS
TCS Q1 PAT seen up 1.5% QoQ to Rs. 7,031 cr: HDFC Securities
Net Sales are expected to increase by 5.8 percent Q-o-Q (up 14.7 percent Y-o-Y) to Rs. 33,925 crore, according to HDFC Securities.
BUSINESS
Tata Motors plans to invest $1 billion in passenger vehicles over next 3 years
The investment is part of Tata’s turnaround 2.0 strategy to make its passenger vehicles financially self sustainable.
BUSINESS
DHFL Pramerica MF cuts minimum application amount for 2 schemes
The fund house has has lowered the minimum application amount for lump sum investments, systematic investment and transfer plans under two schemes.
BUSINESS
IDBI MF appoints new fund managers for 3 of its schemes
Earlier, all three schemes were managed by V Balasubramanian
WORLD
India-South Korea bilateral talks: A look at relations between the two countries
India is becoming a crucial economic partner for South Korea, it would be a good time to examine how the equation between the two countries has shaped up so far
BUSINESS
Buy Colgate Palmolive, target Rs 1,452; expects volume growth to improve over FY19: Goldman Sachs
According to Goldman Sachs, lower prices indicating management's increased focus on re-gaining market share.
BUSINESS
Buy Jai Corp, target Rs 170: Nandish Shah
We recommend buying Jai Corp for the upside target of Rs 170 and keep a stop loss below Rs 139, says Nandish Shah of HDFC Securities.
BUSINESS
HDFC Sec sees IT as a winning horse going forward, bullish on Voltas and Symphony
"I am not bearish on the market right now but have kept a selective bullish bias," Dipen Sheth of HDFC Securities said
BUSINESS
Telcos request Centre to ensure E and V bands are not delicensed by DoT
The E and V bands can be used to increase coverage of networks.
BUSINESS
Steel Strips Wheels gains 4% on largest exports order win from USA
The said order comprises supplies of 1,10,000 truck steel wheels in 5 months from its Chennai plant from next month onwards.
BUSINESS
Buy Nucleus Software, target Rs 420: Nandish Shah
We recommend buying Nucleus for the upside target of Rs 420, keeping a stop loss placed at Rs 370, says Nandish Shah of HDFC Securities.
BUSINESS
Buy Exide Industries, target Rs 285: Nandish Shah
We recommend buying Exide Industries for the upside target of Rs 285 and keeping a stop loss placed below Rs 258, says Nandish Shah of HDFC Securities.
BUSINESS
PNC Infratech surges 3% on bagging 2 EPC packages of Rs 2,520cr
The construction of each package is to be completed in 36 months on EPC mode.
BUSINESS
PPAP Automotive rises 1% on commencing production from Gujarat plant
The company has started commercial production from its newly setup Gujarat plant.
BUSINESS
News18's Aaj Ka No. 1 campaign strikes it rich with substance and a smile
News18 India's 'Aaj Ka No. 1' campaign is proving to be different things to different people.
