BUSINESS
Rakesh Jhunjhunwala raises stake in Jaiprakash Associates to 2.06% in June quarter
Rakesh Jhunjhunwala raised equity stake in the debt-laden company to 2.06 percent in quarter ended June, up from 1.23 percent in March quarter.
BUSINESS
News in Pics: Your daily dose of pictures from around the world
Moneycontrol brings to you select pictures that are making headlines across the globe
BUSINESS
NIIT Tech Q1 revenue rises 4.6% sequentially, Operating profit fell 7.8%
Revenue rose in its top verticals — BFS, insurance and travel transportation rose during the quarter, while operating margin fell 21 bps annually because of wage hike impact and higher visa costs
WORLD
Tesla CEO Elon Musk apologises to Thai cave diver for his ‘pedo guy’ tweet
Musk said his words were "spoken in anger" against Vern Unsworth, as the diver ridiculed Musk by calling his act of commissioning a sub-marine for rescue efforts, a "PR stunt".
BUSINESS
Deterioration in India's macros largely due to outside circumstances: Deepak Parekh
The HDFC chairman said that emerging markets, including India, have faced the effects of a strengthening dollar, rising US interest rates, and higher oil prices
WORLD
Emoji avatar app Bitmoji is ready to compete with Apple and Facebook
Bitmoji, the app born in 2007 as a website called Bitstrips, was launched with a different goal initially – to let non-artistic background users create short comic strips.
BUSINESS
Sun Pharmaceuticals Q1 PAT seen up 68.7% YoY to Rs. 886.9 cr: Kotak
Net Sales are expected to increase by 14.3 percent Y-o-Y (up 1.7 percent Q-o-Q) to Rs. 7,096.3 crore, according to Kotak.
BUSINESS
Bandhan Bank shares jump 8% after posting healthy Q1 earnings with stable asset quality
Bandhan Bank's provisions for bad loans during the quarter rose to Rs 800.2 crore, compared to Rs 556.4 crore in the same quarter last year. In the quarter ended March, the bank had made provisions of Rs 1,090.8 crore.
BUSINESS
Narayana Hrudayalaya Q1 PAT may dip 27.9% YoY to Rs. 7.9 cr: Kotak
Net Sales are expected to increase by 30.4 percent Y-o-Y (up 5.1 percent Q-o-Q) to Rs. 679.5 crore, according to Kotak.
BUSINESS
JM Financial Q1 net profit up 12% at Rs 142.7cr
Revenue of the company rose 23 percent at Rs 827.7 crore versus Rs 673.2 crore.
BUSINESS
Lupin Q1 PAT may dip 2.9% YoY to Rs. 347.5 cr: Kotak
Net Sales are expected to increase by 6.1 percent Y-o-Y (up 1.7 percent Q-o-Q) to Rs. 4,104.2 crore, according to Kotak.
BUSINESS
Bajaj Finance likely to report strong earnings in Q1; key things to watch out for
Kotak expects the NBFC to report loan growth of 35 percent, which along with a stable NIM, will push NII up 36 percent.
BUSINESS
Laurus Labs Q1 PAT may dip 19.6% YoY to Rs. 31.3 cr: Kotak
Net Sales are expected to increase by 2.5 percent Y-o-Y (down 10.1 percent Q-o-Q) to Rs. 503.6 crore, according to Kotak.
BUSINESS
ONGC shares jump over 5% on reports board approves stake sale in Pawan Hans
Oil and Natural Gas Corporation (ONGC) wants its interest to be clubbed with the 51 percent government stake that is already on offer for sale.
BUSINESS
Idea falls 8% on report that co, Voda may pay Rs 7,200-cr spectrum dues to DoT to avoid merger delay
Idea and Vodafone are likely to pay Rs 7,268 crore spectrum dues to the department of telecommunication (DoT) ‘under protest’ in a few weeks, sources told CNBC-TV18.
BUSINESS
Buy Thirumalai Chemicals, target Rs 1,945: Mazhar Mohammad
BUSINESS
HCG Q1 PAT may dip 85.8% YoY to Rs. 7 cr: Kotak
Net Sales are expected to increase by 20.5 percent Y-o-Y (up 3.6 percent Q-o-Q) to Rs. 230.3 crore, according to Kotak.
BUSINESS
Hold V2Retail with a target of Rs 342: Mazhar Mohammad
In case if it closes above Rs 425 then a fresh buying should be considered for a target of Rs 490 whereas a breakdown below Rs 380 on a closing basis.
TRENDS
Cutting role of docs: Americans may soon get prescription drugs via mobile apps
The objective behind the proposed move is to cut down healthcare costs, said the FDA
TECHNOLOGY
Hydrogen-powered Hyundai Nexo to launch in the UK in early 2019
The Nexo claims a 0-62 mph time of 9.2 seconds although since it is an electric motor, every ounce of torque is delivered right from standstill.
BUSINESS
Exit Trent on rallies, says Mazhar Mohammad
After witnessing correction last week from the higher end of the range, it looks prudent to exit this counter on rallies around Rs 350 levels and re-enter only on a breakout above 365 on a closing basis.
BUSINESS
Buy JBM Auto, with target of Rs 409, says Mazhar Mohammad
Long-term investors can buy into this counter with a stop below Rs 305 on a closing basis.
POLITICS
Delhi government to build 10,000 classrooms by end of 2019: Dy CM Manish Sisodia
Delhi cabinet sanctioned construction of 12,748 rooms in government schools, which will include 9,981 classrooms, 106 multipurpose halls, 328 laboratories and 204 libraries
BUSINESS
UltraTech Cement Q1 profit falls 33% to Rs 598 cr, board approves Century Cement demerger
Key concerns highlighted by the company in its filing are rising cost pressures, likely increase in interest rates and sluggish demand in the Tier-II and III urban housing and commercial segment.
