BUSINESS
HUL Q1 PAT seen up 16.5% YoY to Rs. 1,494.6 cr: ICICI Direct
Net Sales are expected to increase by 12.9 percent Y-o-Y (up 5.8 percent Q-o-Q) to Rs. 9,626.7 crore, according to ICICI Direct.
BUSINESS
Lupin stock falls 3% despite approval from UK MHRA for Goa facility with no critical observations
The pharma major has received approval from UK MHRA (United Kingdom's Medicines and Healthcare products Regulatory Agency) for its Goa facility.
POLITICS
TDP seeks support for trust vote: Here’s all you need to know
The Chandrababu Naidu-led party had moved a no-confidence motion against the NDA government in March over non-fulfilment of promises made by the Centre towards Andhra Pradesh
BUSINESS
Sterlite Technologies Q1 PAT may dip 2.3% QoQ to Rs. 109.8 cr: ICICI Direct
Net Sales are expected to increase by 2.9 percent Q-o-Q (up 17 percent Y-o-Y) to Rs. 871.1 crore, according to ICICI Direct.
BUSINESS
Suven Life Sciences secures product patents in Europe, South Korea; stock down 1%
The company has secured 1 product patent from Europe and 1 product patent from South Korea corresponding to the new chemical entities for the treatment of disorders associated with Neurodegenerative diseases and patents are valid through 2033 and 2034.
BUSINESS
Sell UPL, target Rs 535: Dinesh Rohira
The secondary momentum trend continued to indicate a negative signal with RSI slipping below at 27 coupled with the bearish outlook from MACD trend, says Dinesh Rohira of 5nance.com.
BUSINESS
Buy Prabhat Dairy, target Rs 158: Dinesh Rohira
We have a buy recommendation for Prabhat Dairy which is currently trading at Rs. 149.40, says Dinesh Rohira of 5nance.com.
BUSINESS
Buy Adani Enterprises, target Rs 146: Dinesh Rohira
We have a buy recommendation for Adani Enterprises which is currently trading at Rs. 131.65, says Dinesh Rohira of 5nance.com.
POLITICS
Maharashtra dairy farmers on strike from today, but Mumbai ready with buffer stock
Farmers, led by Lok Sabha MP from Kolhapur Raju Shetti, are protesting against the drop in milk prices and reduction in procurement by milk cooperatives
TECHNOLOGY
Google acknowledges ‘fatal error’ on Pixel 2 camera, says working on it
Last week, a customer complained on Twitter that she was hitting a ‘fatal error’ on her four-month-old Pixel 2 device as she tried to use the phone’s camera
TRENDS
Vladimir Putin grants all year visa-free entry to Russia for World Cup Fan ID holders
With the fan ID, visitors were given visa-free entry into the country along with benefits such as free transport services including inter-city trains and public transport in the host cities
BUSINESS
3i Infotech hits 52-week low on poor Q1 numbers
The company's Q1 net profit was down 28 percent at Rs 6.04 crore against Rs 8.38 crore in the same quarter last fiscal.
BUSINESS
ICICI Bank looks to attach brands of Gitanjali Gems under Sarfaesi Act
Fraud-hit ICICI Bank is sprucing up efforts to attach properties of Mehul Choksi-owned Gitanjali Gems in a bid to recover multiple loans amounting to over Rs 800 crore
BUSINESS
Just Dial gains 2% as board to consider buyback on July 20
The board will also consider allotment of equity shares of the company having a face value of Rs 10 each to certain employees of the company, upon exercise of options by such employees under the relevant employee stock option schemes.
BUSINESS
Infosys rises 6% to hit record high post Q1 nos, bonus issue; analysts remain positive, expect 19% return
Majority of brokerage houses remained positive on the stock, expecting 9-19 percent return over a period of one year on hopes of better margins going ahead.
TRENDS
Flipkart to take on Amazon’s Prime Day sale with its Big Shopping Days sale
The e-commerce giants are banking on attractive smartphone discounts to lure customers during these online shopping fests
BUSINESS
'Domestic inflows will continue to increase in next 3-5 years; expect 12-15% earnings growth in long term'
Sukumar Rajah of Franklin Templeton Investment prefers companies in cyclical sectors, commodities and firms benefiting from the ease of doing business
BUSINESS
PVR down 4% as BoAML downgrades to neutral
BoAML has downgraded PVR to neutral as overhang led by outside food allowance getting implemented.
BUSINESS
ICICI Bank begins external probe into NPA 'irregularities' based on whistleblower complaint
The bank's internal investigation had earlier found that all 31 loan accounts had been classified NPAs well before the filing of an earlier whistleblower complaint
BUSINESS
Dr Reddy's slips over 10% after US Court order on Suboxone; global brokerages' reactions mixed
New Jersey District Court converted a temporary injunction into a preliminary injunction against the company that prevents it from launching generic Suboxone in the US market.
BUSINESS
Foxconn, Maharashtra may sign deal for manufacturing plant
Foxconn had in 2015 announced an investment of $5 billion in Maharashtra to set up a manufacturing unit to make mobile phones and allied components
BUSINESS
PC Jeweller plunges over 22% on buyback withdrawal; down 83% in 6-month
In view of the non-receipt of NOC the company board has decided to withdraw the buyback offer with immediate effect, the company said in BSE filing.
BUSINESS
Tata Motors slips 3% after Moody's downgrades its rating
The rating outlook is remain stable.
BUSINESS
Indian rupee opens lower at 68.55 per dollar
Today, USD-INR pair is expected to quote in the range of 68.40 and 68.95, says Motilal Oswal.
