BUSINESS
An evening walk down Dalal Street: Sensex starts July series with fireworks! Nifty reclaims 10,700
The S&P BSE Sensex rose 385 points or 1.10 percent at 35,423.48 while the Nifty50 surged 1.18 percent or 125.20 points at 10,714.30. However, for the week, Nifty closed down by about 1 percent.
BUSINESS
Startup says their AI is better at diagnosing diseases than doctors
According to Babylon Health, their AI scored 82 percent in UK's official medical test, while the average pass percentage for the real doctors has been 72 percent over the past five years.
TECHNOLOGY
Amazon to deliver Fire TV Stick, Kindle and Echo Smart speaker in two hours through Prime Now app
This will be made possible by Amazon’s Prime Now app as the products are available to consumers on the app with super fast delivery, that too on any day of the week.
BUSINESS
NTPC gains 1% on acquiring majority stake in 2 power generating company
With this acquisition, Kanti Bijlee Utpadan Nigam and Nabinagar Power Generating Company are now wholly owned subsidiaries of NTPC.
POLITICS
PM Modi seeks experts' advice on media campaign for 2019 Lok Sabha polls: Report
Modi tapped them for ideas on as to how to promote the NDA government's achievements before the upcoming general election
BUSINESS
Mahindra CIE Automotive rises 9% after 5% equity changed hands through block deal
About 1.9 crore equity shares exchanged through a block deal trade at Rs 248.70 per share
WORLD
Iranian striker Sardar Azmoun, 23, retires from international football after insults hurled by fans
Azmoun was seen by many as the long-term successor to Ali Daei, and his retirement will be a big blow to the country’s rising progress in international football.
BUSINESS
Short Indiabulls Housing Finance, target Rs 1080: Aditya Agarwal
Traders can build a short position in the range of Rs 1,155 to Rs 1,165 with a price target of Rs 1,080. A stop loss should be placed at Rs 1,197, says Aditya Agarwal of Way2Wealth Brokers.
BUSINESS
Buy NIIT Technologies: Aditya Agarwal
We recommend traders to sell this stock in a range of Rs 1,070 – 1,080 with a price target of Rs 970. A stop loss should be placed at Rs 1,125, says Aditya Agarwal of Way2Wealth Brokers.
BUSINESS
Buy Dr Reddy’s Laboratories, target Rs 2450: Aditya Agarwal
We advocate traders to buy this stock at the current level of Rs 2,300 – 2,280 with a price target of Rs 2,450 and stop loss placed at Rs 2,175, says Aditya Agarwal of Way2Wealth Brokers.
BUSINESS
Reliance Communications gains 8% on settlement agreement between Infratel & HSBC
Reliance Infratel and its minority shareholder HSBC Daisy Investments (Mauritius) today submitted final consent terms of their settlement before NCLAT over sale of tower and fibre asset.
INDIA
Here's why the Delhi Metro staff will go on a strike from June 30
The agitating employees' demands include revision of pay grade for non-executive staff, fixed guidelines for sacking an employee, and the right for employees to form a union.
TRENDS
FIFA World Cup 2018: VAR not solely responsible for slowing down World Cup matches
Statistics reveal that in the first two weeks of the tournament, free kicks took the most time, averaging over 10 minutes per match
BUSINESS
MRPL gains 4% as board to consider preferential issue of shares on July 2
A meeting of the board of directors of the company has been scheduled on July 2 to recommend a proposal for preferential issue of shares.
INDIA
Sex for silence: 5 Kerala priests accused of sexually exploiting woman; crime branch to probe
The priests were allegedly blackmailing the mother-of-two using the secret confessions that she had made to them on various occasions
BUSINESS
China to cap film and entertainment professionals' pay over 'money worship and tax evasion'
This new directive comes with a harsh criticism for yin-yang contracts, stating that these practices damage not just the quality of the country’s film industry but also encourage China’s youngsters to “blindly chase stars”.
BUSINESS
Gallantt Ispat surges 5% stock split approval
The rationale behind the split is to improve the liquidity of equity shares with higher floating stocks and to make the equity shares more affordable to the investors.
BUSINESS
After stellar response to IPO, RITES shares to list on July 2
The company after consultation with book running lead managers has fixed final issue price at Rs 185 per share.
BUSINESS
China has the largest foreign currency reserves - and that is how it stabilises its currency
One of the reasons for governments to stack up on foreign currencies, such as the dollar or euro, is that these stocks can be sold to stabilise their own currency if needed
BUSINESS
Indian second-hand smartphone seller Cashify raises $12 million
The money raised will help develop an online resale site that allows people to buy a second-hand smartphone from the company directly.
BUSINESS
Fine Organic Industries to debut on bourses on July 2
The Rs 600-crore initial public offer was oversubscribed by 8.99 times during June 20-22, 2018.
BUSINESS
India Inc may see number of unicorns double this year: Report
India currently has 11 companies in the Unicorn Club, and this number could rise to 20 in 2018
BUSINESS
HSBC AMC expects earnings growth to help start another bull run
Right now, trade war fears, oil prices and a strengthening dollar have affected Indian markets
BUSINESS
Google invests over Rs 150 crore in feature phone OS maker KaiOS Technologies
The move could be a way of introducing its services to feature phone users who might eventually graduate to a smartphone
