INDIA
Husband can't use wife's debit card, says court on SBI-customer three-and-a-half-year-old squabble
In November 2013, a Bengaluru resident handed over her SBI debit card and PIN to her husband, to withdraw Rs. 25,000 from the ATM. The ATM delivered a debit confirmation slip without dispensing the cash
BUSINESS
Think you can spot winners, losers better than experts? Check out Ambit Capital’s confession
“After some soul searching, the team presents the worst of its buy and sell ideas over the past 12 months,” Ambit’s Institutional Equities said in the report.
BUSINESS
Japanese financial regulator blames executives in its first crypto-exchange rejection report
The FSA in a report said it was rejecting FSHO's application after the exchange failed to comply with its suggestions following on-site inspections earlier in the year
TRENDS
Anand Mahindra procures Thar used in Rajnikanth's movie Kaala for his museum
Last year in May, Anand Mahindra had requested the producers on Twitter asking for the Thar used in the movie Kaala to be preserved in the company's automobile museum.
INDIA
Over 25 lakh Maharashtra farmers waiting to get crop insurance claims worth Rs 800 crore
The claims of 20 lakh farmers were settled after CM’s direction, costing around Rs 1,500 crore, but another 25 lakh are pending
BUSINESS
Cipla rises nearly 3% as company to market Eli Lilly's diabetes drug
Under this agreement, Lilly’s BASAGLAR that is manufactured by Lilly will be marketed and distributed in India by Cipla.
TECHNOLOGY
NASA reveals conclusive evidence of Earth-like organic compounds on Mars
Lead author of second paper Chris Webster of NASA's Jet Propulsion Laboratory said, “This is the first time we've seen something repeatable in the methane story, so it offers us a handle in understanding it."
BUSINESS
In a boost for logistics industry, truck axle load permit to be hiked by 20-25%: Report
The load allowance has been raised for the first time in 30 years
POLITICS
Pranab Mukherjee's speech leaves Congress disgruntled but reassured; RSS says 'he endorsed our ideology'
Pranab Mukherjee's speech seems to have stirred a hornet's nest. Here are a few reactions:
ENVIRONMENT
Railway stations in Bengaluru get plastic crushers that give you cashback for discarding a single-use bottle
The Bengaluru division of South Western Railway has set up bottle crushers at KSR city, Yeshwantpur Cantonment and Krishnarajapuram stations to tackle plastic pollution.
BUSINESS
SBI, ICICI Bank and PNB see surge in digital transactions: Report
These banks have reporting a sharp rise in digital transactions, especially in net banking, point of sale and mobile banking
BUSINESS
Buy Bajaj Finance with stop loss around Rs 2083: Hadrien Mendonca
Other momentum oscillators also indicate that stock has the legs to carry forward the momentum. Protect every long position with a stop loss around Rs 2,083 levels.
BUSINESS
Buy Infosys, target Rs 1343: Hadrien Mendonca
We expect the stock to move higher towards its potential target of Rs 1,343 in the medium term.
BUSINESS
Kwality under ASM list; locked at 5% lower circuit; slips 33% in last 7 days
The meeting of board of directors of the company will be held on June 20, 2018 to consider and approve the proposal for buyback of securities and/or bonus issue of securities.
BUSINESS
Aurobindo Pharma gains 3% on USFDA approval for heartburn drug
The said product will be launched in June 2018.
BUSINESS
Investors should adopt a buy on dips strategy in near term
“Midway support on the Nifty is placed around 10,700 levels. On the upside, major resistances are placed around 10,780 and 10,820 levels,” says Jaydeb Dey at Stewart & Mackertich Wealth Management Ltd.
BUSINESS
Buy Sanofi India, target Rs 5707: Hadrien Mendonca
Maintaining its higher top higher bottom structure, relative strength too indicates stock has a potential of making a dash towards its potential target of Rs 5,707 in the medium term.
BUSINESS
Facebook notifying users about the bug which may have caused their posts to be shared publicly
Facebook said that it was sending a notification to the affected users and suggesting them to review Facebook posts they made during that time bug was active
BUSINESS
Mahindra Finance becomes third biggest agri-equipment lender in the US
Mahindra Finance USA is a joint venture between MMFSL and De Lage Landen Financial Services, Inc., a fully-owned subsidiary of the Rabobank Group
INDIA
Centre considers law to control arbitrary fee hikes in private schools: Report
The Centre's proposal comes after the success of a similar regulation passed in Uttar Pradesh
BUSINESS
Azim Premji’s younger son joins board of Wipro Enterprises
Tariq’s appointment is in accordance with the Companies Act, 2013 and his “independent view will add to the board’s deliberations"
TRENDS
Mumbai rains: Weather department says heavy rainfall likely on weekend; advises to 'stay indoors'
The weather bureau has issued an ‘extremely heavy’ rainfall alert for the island city from June 9 to June 11 (Saturday to Monday), requesting citizens ‘to stay indoors as much as possible on these three days.’
BUSINESS
ICICI Bank seeks more time to respond to SEBI's showcause notice: Report
SEBI had sent a 12-page showcause notice to ICICI Bank and Chanda Kochhar on May 23 in relation to disclosures made while giving loans to Videocon group
BUSINESS
Vakrangee locked at 5% upper circuit; board meeting on June 14
A meeting of board of directors of the company will be held on June 14 to consider financial results for the quarter and year ended March 31, 2018.
