INDIA
Mumbai man's hilarious ‘shuddh Hindi’ chat with Zomato exec goes viral
Conversation between a Mumbai man and a Zomato customer care executive has gone viral on Twitter
BUSINESS
SBI Life Insurance Q1 net profit up 13% YoY at Rs 354 crore
The protection business saw an increase of 57.5 percent YoY in the first quarter
BUSINESS
SEBI writes to AMFI, mutual funds against 25 violations
SEBI has indicated that the regulator is closely monitoring all the decisions and practices of the 42-player mutual fund industry
BUSINESS
These 4 Sensex stocks gained over 1000% in the last 10 years; do you own any?
As many as 19 constituent stocks of the Sensex have actually outperformed it over the last 10 years, despite the index having returned over 150 percent
WORLD
Rivals SpaceX and Arianespace launch satellites within 15 minutes of each other
Arianespace’s Ariane 5 rocket carried four satellites into the orbit while SpaceX launched 10 satellites on Falcon 9.
BUSINESS
Markets@Moneycontrol | Benchmark indices clock in record highs on day of expiry
The Sensex is up 126.41 points or 0.34% at 36984.64, while the Nifty closed up 35.30 points or 0.32% at 11167.30.
BUSINESS
Reliance Industries to report Q1 earnings on July 27: Key factors to watch out for
The stock rallied 21 percent in 2018 on top of 70.5 percent surge in the previous year. It is Rs 28 away from its record high of Rs 1,138.25 touched last week.
BUSINESS
Trell raises $1.25 mn in funds from Beenext, WEH Ventures and others
The funds will be used to expand and strengthen the team in areas including product, technology and data science.
BUSINESS
Uber may shun Google Maps for open source ones: Report
Because of their cost effectiveness, these maps are used by academics as well as flourishing start-ups who cannot afford to purchase enterprise-level mapping services
BUSINESS
Hindalco subsidiary Novelis acquires US-based Aleris for $2.6 bn
Aleris is the market leader in the Building and Construction (B&C) segment in the US, driven mainly by its unique recycling enabled continuous cast technology at Uhrichsville and other plants.
BUSINESS
An evening walk down Dalal Street | Sensex, Nifty manage to end at record closing highs; PSU banks surge
The Sensex is up 126.41 points or 0.34% at 36984.64, while the Nifty closed up 35.30 points or 0.32% at 11167.30
BUSINESS
Nasscom outlines roadmap for reskilling platform FutureSkills
The FutureSkills programme aims to re-skill 1 million professionals along with 1 million potential employees and students in the industry over a period of 5 years
WORLD
Microsoft to tackle forced updates by incorporating machine learning into Windows 10
Called a ‘predictive model’ by Microsoft, the feature will also predict the best time to restart the computer to install updates
WORLD
MIT's self-powered cell-sized robots could relay data from human body, pipelines
These robots can reach spots and places tough to penetrate or reach otherwise and can also monitor environments and collect information
INDIA
Delhi to soon get app-based AC buses with pick-up from home?
The Delhi Transport Department, fast-tracked the plan, getting a plan in place to tackle any issues that may have delayed the previous proposals.
BUSINESS
Buy Sterlite Technologies, expect 19% upside: Siddharth Sedani
We remain positive on the company and maintain our BUY rating on the stock with a target price of Rs 400 per share.
BUSINESS
Buy Mphasis with a target of Rs 1350: Siddharth Sedani
We expect the company to report revenue CAGR of 14.18 percent over the next two financial years.
BUSINESS
Buy Mastek, says Siddharth Sedani
We expect a gradual margin expansion in sync with revenue growth. Majesco stake contributes Rs 90 a share.
BUSINESS
Yes Bank slips 6% after asset quality weakens as slippages rise, provisions jumps
Standard restructured exposure for the quarter stood at Rs 249.4 crore, declined compared to Rs 337.6 crore in the March quarter.
BUSINESS
Aye Finance raises $10 million in debt from Triple Jump B.V and MicroVest Fund
With the recent fund raised, the company is gearing up to bolster its lending portfolio and offer affordable business loans to larger number of microenterprises in India.
WORLD
Apple's cheaper iPhone may miss September launch on production snag
The cheaper LCD-display device will cost between $600 and $700, which roughly translates to between Rs 40,000 and Rs 48,000
BUSINESS
News highlights: Center orders CBI probe into Cambridge Analytica scandal
This blog will keep track of situation in Delhi-NCR region due to heavy rainfall.
BUSINESS
Tata Power Q1 net profit jumps to Rs 1,769cr led by one-time gain
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was down 8.5 percent at Rs 1,771 crore and margin was down 600 bps at 24.2 percent.
BUSINESS
Yes Bank Q1 profit jumps 31% to Rs 1,260 cr with robust loan growth but slippages rise
Asset quality weakened for the quarter ended June 2018 with gross non-performing assets (NPA) rising to 1.31 percent against 1.28 percent in previous quarter, though net NPA was lower at 0.59 percent versus 0.64 percent sequentially.
