BUSINESS
Coal India stock gains 2% on likely divestment by August 31; Edelweiss upgrades to Buy
Edelweiss Securities has upgraded the country's largest coal miner to Buy from Hold with a target price of Rs 325, citing waning operating performance concerns and favourable risk-reward.
BUSINESS
Bharat Forge stock falls 3% after Kotak retains Sell call, cuts target on stretched valuations
Kotak slashed target price to Rs 600 (from Rs 650 per share earlier) as it cut target multiple to 22X (from 25X earlier).
BUSINESS
Ashoka Buildcon surges 17% as company shares trade ex-bonus
The company had recommended bonus issue of equity shares in the ratio of 1 equity share for every 2 equity shares of Rs 5 each.
BUSINESS
Oil retailer, aviation stocks spike 4-6% following sharp fall in crude prices
Any fall in crude oil price is always good for oil marketing companies as well as for country like India which imports more than 80 percent of its requirement.
BUSINESS
L&T gains 2% as construction arm win orders worth Rs 2,388cr
The water and effluent treatment business has secured orders from the Madhya Pradesh Jal Nigam Maryadit.
BUSINESS
Aban Offshore rises 4% on LoA to deploy 3 jack-up rigs in UAE
The company's wholly owned step-down subsidiary received letter of award for the deployment of three jack-up rigs owned by step-down subsidiaries of the company, in the United Arab Emirates.
BUSINESS
Nitish Kumar, Amit Shah to discuss seat sharing pact for 2019 polls: Report
During the meeting, Kumar will talk about how many seats JD(U) will get to contest in the Lok Sabha polls, so as to start the process of identifying the seats
BUSINESS
Birlas may lose Rs 7,000-cr on proposed ABRL-Samara Capital deal
The Birlas is said to have invested close to Rs 11,000 crore in debt and equity of ABRL over the past decade.
TECHNOLOGY
Skoda reopens bookings for Octavia RS, to start deliveries soon
The 2017 Octavia RS is the performance variant of the standard Octavia. It comes with a 2-litre turbo-petrol engine capable of producing 230 PS of power and 350 Nm of torque
TECHNOLOGY
Government implements principles of net neutrality
Under the move, no platform will be allowed to block, decline speed or grant preferential speed to any particular content in the digital universe.
BUSINESS
PMO asks ministers to submit reports of projects that Modi can inaugurate in next 6 months
The exercise is well timed as it has been initiated right before assembly elections in three BJP-ruled states -- Rajasthan, Madhya Pradesh and Chhattisgarh.
BUSINESS
BJP IT Cell chief tweets scenes from Netflix series 'Sacred Games' to mock Congress
A case has also been filed in the Delhi High Court over the ‘derogatory’ scenes in the series
BUSINESS
RIL hits $100bn market cap, Goldman Sachs sees further 29% upmove
Global brokerage house Goldman Sachs said it expects Q1 EBITDA to grow 45 percent YoY (up 2 percent QoQ).
BUSINESS
Future Generali says clients can send videos via WhatsApp to claim vehicle insurance
The company also said that once WhatsApp's payments feature is launched, its customers can use it to renew their policies
INDIA
Vasai-Virar belt still flooded, residents struggle for drinking water
Around 13 lakh residents live in the area, where electricity was cut off for more than 30 hours. Locals struggled to get food supplies and drinking water as neighbourhood grocery stores remained shut on July 11.
BUSINESS
RailYatri's 'rush-o-rush meter' will tell you when to book rail tickets to ensure confirmation
The feature will analyse historical data to come up with a prediction and will detail the rate at which tickets get sold out in each segment and for different destinations
BUSINESS
Alembic Pharma gains 2% on tentative USFDA approval for Ticagrelor tablets
Ticagrelor tablets are indicated to reduce the rate of cardiovascular death, myocardial infarction, and stroke in patients with acute coronary syndrome (ACS) or a history of myocardial infarction (Ml).
BUSINESS
Cipla rises 2% as company to acquire 100% in South African pharma Co
The said acquisition is subject to approval by the South African Competition Commission and expected to be completed before September 30, 2018.
BUSINESS
Rally to continue in largecaps, see shift to midcaps over next 3 months: Sundaram
S Krishna Kumar, CIO of Sundaram Asset Management, is positive on the commercial vehicle and ancillary suppliers with a two year view
BUSINESS
Bajaj Finance, Bajaj Finserv, Shriram Transport to get astrological support: Satish Gupta
Bajaj Finance, Bajaj Finserv, Cholamandalam Investment and Shriram Transport Finance will get astrological support, says Satish Gupta of astrostocktips.
INDIA
Bihar cops serve hakka noodles and boiled veggies to jailed Chinese national
Wu Tiandong, the Chinese national in question, was arrested on June 17 on the charge of possessing liquor in Bihar
BUSINESS
Cadila Healthcare receives on USFDA nod for migraine drug
The drug will be manufactured at the group’s manufacturing facility at Moraiya, Ahmedabad.
BUSINESS
Omaxe rises 2% as Co to reconstruct multi-level car parking at Delhi
The lease period is 99 years, while construction period is 3 years.
BUSINESS
Reduce prices or expect demand to sink, IOC chief warns OPEC: Report
With oil prices rising over the past one and a half month, IOC chairman said if the trend continues, the nation’s consumers would explore alternatives such as electric vehicles and gas as more cost effective.
