BUSINESS
NCLAT upholds Competition Commission's Rs 6.3k-crore fine on 11 cement companies
The fine was imposed by the CCI in June 2012 for reportedly violating provisions of the Competition Act 2002, and was stayed by the Competition Appellate Tribunal (compat) in 2013
INDIA
Kerala state police's Facebook page gains traction, third largest such account globally by follower count
Kerala state police are gaining attention with their Facebook page. They have started created amusing memes about the current affairs and socially relevant issues
TRENDS
Dhoni highest taxpayer in Bihar and Jharkhand with Rs 12.17 crore filed as ITR
The 37-year-old cricketer's tax has seen a rise from Rs 10.93 crore paid in 2016-17 fiscal.
BUSINESS
D-Street Buzz: Hexaware down 9%, metal gains 1%; 87 stocks hit fresh 52-week low
Top gainers on the Nifty includes, Indiabulls Housing, Vedanta, Bajaj Finserv, Adani Ports and Yes Bank.
BUSINESS
Auto fares in Delhi may get hiked; experts suggest it is a bad move
According to the new changes, the auto drivers will be allowed to charge Rs 25 for the first kilometre followed by Rs 10 for each kilometre thereafter
BUSINESS
BHEL Q1 profit jumps 93% to Rs 156 cr on strong operational performance
Profit for the quarter stood at Rs 155.58 crore, which increased from Rs 80.82 crore in corresponding period last fiscal.
INDIA
Rajasthani sculptors roped in to restore CSMT at a cost of Rs 40 crore
Key sculptor Maan Singh says that they are “using the original stone, carbon stone from Porbander, and replicating the work in the exact way it was originally built”
BUSINESS
Bharti Infratel stock gains nearly 2% after exchanges clear proposed merger with Indus Towers
'no adverse observation' letter has been received from the Stock Exchange for the proposed merger of Bharti Infratel and Indus Towers.
BUSINESS
Asian Paints falls 3% even as Q1 profit rises 30%; top brokerages hike target price
The firm started off the financial year 2018-19 with 30 percent profit growth in June quarter, backed by operational performance and product price hike. The growth was also due to low base in the previous year.
BUSINESS
TTK Prestige Q1 profit falls 73% to Rs 36 cr, operational numbers strong
Revenue from operations for the quarter stood at Rs 418.9 crore, which increased 17.2 percent compared to Rs 357.5 crore in corresponding period last fiscal.
BUSINESS
Hexaware down 9% post Q2 nos; Macquarie downgrades to neutral, raises target price
Credit Suisse has maintained underperform rating on Hexaware and raised target to Rs 380 from Rs 360 per share.
BUSINESS
AIDS-related deaths in India declined 56.8% between 2010 and 2017: UN
New HIV infections in the country fell from 1.2 lakh in 2010 to 88,000 in 2017. AIDS-related deaths fell from 1.6 lakh to 69,000 in the same period
WORLD
Changing your display name to Elon Musk will now get you locked out of Twitter
Twitter has put the system in place to challenge the rising number of cryptocurrency scams going around the platform
INDIA
Push for stricter law: Goa police wants 7-day jail without bail for drunk drivers
The Motor Vehicles (Amendment) Bill has been introduced in Rajya Sabha with certain changes to be included in the Motor Vehicles Act, 1988
BUSINESS
'See single-digit returns from market by end of this year; Good time to look at midcaps'
Ratnesh Kumar of BOB Capital said the valuation froth had been built up in the financial services space, which has cooled off a bit now.
BUSINESS
Buy ITC, target Rs 312: Shitij Gandhi
Traders can accumulate the stock in a range of Rs 283-286 for the upside target of Rs 312 levels and a stop loss below Rs 267.
TECHNOLOGY
The Rs 120-crore Zonda HP Barchetta: Meet the world's most expensive car
The hypercar which debuted in the festival dethrones Rolls Royce Sweptail which was the most expensive car till now, priced at Rs 88 core or $12.8 million
BUSINESS
Buy Apollo Tyres, says Shitij Gandhi
Traders can accumulate the stock in the range of Rs 270-275 for the upside target of Rs 300 and a stop loss below Rs 255.
BUSINESS
Buy Exide Industries, target Rs 303: Shitij Gandhi
Traders can accumulate the stock in a range of Rs 270-273 for the target of Rs 303 and a stop loss below Rs 252.
BUSINESS
Amazon, Flipkart to face off in this year's campus placements
Many from the premier institutes anticipate both companies to come to their campuses, but believe Flipkart would be a better fit for their students this time around
BUSINESS
Buy Suven Life Sciences, target Rs 268: Aditya Agarwala
The stock may be bought in the range of Rs 237-240 for targets of Rs 265-285, keeping a stop loss below Rs 215.
BUSINESS
Buy Ujjivan Financial Services with target of Rs 445-465: Aditya Agarwala
The stock may be bought in the range of Rs 390-394 for the target of Rs 445-465, keeping a stop loss below Rs 360.
BUSINESS
Sri Adhikari Brothers, Nelco among 6 stocks that are under NSE's ASM mechanism from July 25
Stocks which are included in the ASM category include Lakshmi Precision, Sri Adhikari Brothers, Super Spinning Mills, 8K Miles Software, Nelco Ltd, and Soril Infra
BUSINESS
Karur Vysya Bank Q1 profit falls 69% to Rs 46 cr on high provisions; NPA rises
On the asset quality front, gross non-performing assets (NPA) as a percentage of gross advances increased to 7.44 percent in June quarter from 6.56 percent in previous quarter.
