BUSINESS
Walmart to avoid food-only retailing in India: Report
The retail giant wants to escape the riders associated with 100 percent FDI in food retail.
BUSINESS
SBI hikes rates on short-to-medium term fixed deposits by up to 25 bps
The rates have been kept the same for deposits above Rs 1 crore
BUSINESS
Ganesh Benzoplast Q4 profit jumps 18-fold to Rs 58 cr on one-time gain, operational income
The company said exceptional income of Rs 51.25 crore is on account of effect of write back as per the sanctioned DRS of the company.
BUSINESS
Marksans Pharma reports profit of Rs 4.3 crore in March quarter
The board has recommended dividend of 5 percent per equity share of Re 1 each for the financial year 2017-18.
BUSINESS
Marksans Pharma gains 8% on reporting profit in March quarter
Revenue of the company was up 61 percent at Rs 87 crore versus Rs 54 crore.
BUSINESS
Dilip Buildcon stock sinks 14% as Q4 profit miss analyst estimates
Profit for the quarter increased 11 percent year-on-year to Rs 217.4 crore, but was lower than Nomura estimates of Rs 292 crore due to exceptional loss and higher tax expenses.
BUSINESS
Xiaomi unveils Mi Bluetooth Headset with 40mm dynamic driver and aptX lossless technology
The headphone weighs 235 grams and comes with a 400 mAh battery
BUSINESS
Voting machine malfunction leads to repolling in 122 booths; are VVPATs ready for 2019 polls?
Election Commission orders fresh polling in 73 polling booths in Kairana and 49 in Bhandara-Gondia.
BUSINESS
RCom continues surge, up 12% after co lays out plan to settle dispute with minority investors
RCom offered an upfront payment of Rs 500 crore to its operational creditor Ericsson, which has got an insolvency order against the Anil Ambani group firm.
BUSINESS
Fortis Healthcare gains after co seeks fresh bids for sale; mutually terminates Munjal-Burman’s offer
The board invited interested parties to submit fresh expression of interest (EOI) by May 31. Based on the EOI submitted, the Board will shortlist the bidders on June 1.
BUSINESS
ICICI Prudential MF to revise features of systematic transfer plans from May 31
Systematic transfer plan will be terminated, subject to five consecutive unsuccessful transactions or upon death of the unit-holder
WORLD
North Korea, United States prepare for historic summit amid cancellation threats
Officials from United States and North Korea are meeting to discuss details, after both sides threatened to cancel the historic summit
BUSINESS
United Spirits, Pioneer Distilleries, Radico Khaitan, Associated Alcohol to get astrological support: Satish Gupta
United Spirits, Pioneer Distilleries, Radico Khaitan and Associated Alcohol will get astrological support, says Satish Gupta of astrostocktips.
BUSINESS
Ex-AirAsia CEO paid $5 million bribe to UPA minister: Report
The CBI filed a case against top officials at AirAsia (India) and AirAsia Berhad for alleged criminal conspiracy and colluding with the UPA government to procure international flying rights in 2014.
TECHNOLOGY
WhatsApp's 'Click to Chat' feature lets you chat with unsaved numbers
WhatsApp also allows a user to create a link with a pre-filled message
BUSINESS
Accumulate Astec LifeSciences, target Rs 800: Shitij Gandhi
One can accumulate the stock in the range of Rs 710-725 levels for the upside target of Rs 800 levels and a stop loss below 660.
POLITICS
BJP begins 'Sampark for Samarthan' campaign with eye on 2019 polls
Union ministers, chief ministers and party workers are expected to meet around one lakh imminent citizens and tell them about Modi government’s achievements in the last four years
BUSINESS
Eveready Industries stock hits 52-week low, down 12% on Q4 loss
For the financial year 2017-18, profit fell 41 percent to Rs 54.7 crore and EBITDA declined 21 percent to Rs 105.3 crore compared to previous year while revenue from operations increased 7.5 percent to Rs 1,456.4 crore.
BUSINESS
Buy Sonata Software, target Rs 412: Shitij Gandhi
Traders can accumulate the stock in a range of Rs 370-375 for the upside target of Rs 412 with a stop loss below Rs 345.
BUSINESS
Jio may offer 100 mbps broadband at under Rs 1,000 per month
The fibre-to-the-home service will also come with unlimited calling through a Voice over Internet Protocol phone and JioTV.
BUSINESS
Apple’s 2019 iPhone could sport 3 rear cameras, 3D sensing technology
3D sensing technology on the rear camera will be used for augmented reality purposes.
BUSINESS
Buy PNC Infratech, target Rs 202: Shitij Gandhi
Traders can buy the stock above Rs 178 levels for the target of Rs 202 and a stop loss below Rs 165.
BUSINESS
Oil prices likely to drift lower; Base Metals to remain weak
We believe that the oil prices may continue to remain lower for longer term as increasing production from the US, says Sam Nair of Stewart & Mackertich Wealth Management
BUSINESS
Buy Dabur India, target Rs 408: Abhishek Mondal
Traders can buy the stock in dips around Rs 377-380 with a stop loss below Rs 364 (closing) for a target of Rs 408.
