BUSINESS
JK Tyre Q1 PAT seen up 92.5% QoQ to Rs. 100.1 cr: ICICI Direct
Net Sales are expected to increase by 19.8 percent Y-o-Y (down 8.4 percent Q-o-Q) to Rs. 2,163.7 crore, according to ICICI Direct.
BUSINESS
Insurance regulator moving fast on life insurance product regulation overhaul
Changes in product structure and distribution architecture will be made in the next few months
BUSINESS
HPCL, BPCL, IOC shares rally 2% each after fall in crude oil prices
Brent crude oil prices corrected sharply from its recent 3-1/2-year high of $80.50 hit last month.
WORLD
Elon Musk, Skype founder pledge to not develop lethal AI weapons systems
The signatories warned of a future where the wielders of such technology would have an immoral and unfair upper hand
BUSINESS
UltraTech Cement Q1 PAT may dip 22.3% YoY to Rs. 691.6 cr: ICICI Direct
Net Sales are expected to increase by 32.1 percent Y-o-Y (down 0.9 percent Q-o-Q) to Rs. 8,752.2 crore, according to ICICI Direct.
POLITICS
Bill to amend RTI Act to be introduced in Monsoon Session: Report
To protest the bill, NCPRI is planning to hold a protest march in Delhi and nationwide agitations on the opening day of the Monsoon Session
BUSINESS
HDFC Bank stock gains 2% to hit all-time high after raising funds from parent firm
This is part of the bank's Rs 24,000 crore fundraising plan that was approved by the board of directors in December.
BUSINESS
Major overhaul: Unique question paper for each JEE, NEET candidate from next year?
The new software’s algorithm will pick up random questions to set a paper for each student
BUSINESS
HDFC shares hit record high ahead of Rs 2,800cr AMC IPO next week
HDFC AMC aims to raise Rs 2,787.60-2,800.33 crore through the public issue, of which Rs 945 crore will go to promoter HDFC and the rest funds to Standard Life.
BUSINESS
See earnings growth of 18% in FY19: Aditya Birla Sun Life AMC
During the recent fall in the equity market, the fund house reduced exposure to mid-cap stocks in its Multicap Fund, but is now looking at selectively buying some of these stocks
POLITICS
Congress working on 'hyperlocal' social media strategy in poll-bound states: Report
According to a party worker, the social media teams are fanning out and collecting data on voter profiles and specific local issues.
BUSINESS
UltraTech Cement Q1 PAT may dip 34.3% YoY to Rs. 585 cr: Kotak
Net Sales are expected to increase by 28.1 percent Y-o-Y (down 5.7 percent Q-o-Q) to Rs. 8,485.7 crore, according to Kotak.
BUSINESS
Sun Pharmaceutical gains 1% on first USFDA approval from Halol plant
Infugem uses a proprietary technology which allows cytotoxic oncology products to be premixed in a sterile environment and supplied to the prescribers in RTA infusion bags.
TRENDS
New CISF squad: Belgian Malinois dogs to help curb rising fidayeen threats
Malinois dogs had assisted United States Navy SEAL in tracking down former al-Qaeda leader Osama bin Laden's hideout in Pakistan’s Abbottabad in 2001
BUSINESS
United Spirits, Radico Khaitan, Pioneer Distilleries to get astrological support: Satish Gupta
United Spirits, Radico Khaitan, Pioneer Distilleries and Associated Alcohol will get astrological support, says Satish Gupta of astrostocktips.
BUSINESS
Ashok Leyland slips 14% as Macquarie maintains underperform
Revenue from operations grew by 46.8 percent year-on-year to Rs 6,250 crore with realisations at Rs 14.83 lakh per unit against Rs 14.88 lakh per unit in year-ago.
TRENDS
Crypto players emerging as top sponsors of sports
Bayern Munich star James Rodriguez launched his own cryptocurrency, JR10, which was made available on the SelfSell App from May 27 this year
BUSINESS
GST Council likely to discuss inclusion of natural gas, ATF under GST amid apprehension from some states
The Council may also discuss rationalisation of rates, which could mean drawing a strategy towards fewer tax slabs under GST.
BUSINESS
Sachin Tendulkar-backed Smaaash plans to raise Rs 500 crore via IPO
The company is planning to use the cash to fund its inorganic growth initiatives, repay part of its debt and to meet its working capital requirements.
INDIA
Govt drops FRDI Bill amid public anxiety over security of deposits: Report
The misconception that led to panic withdrawal of cash from banks was one of the reasons cited for the withdrawal
INDIA
Greater Noida building collapse highlights: Four dead, land owner and two others arrested
Twelve labourers working on the site are suspected to be trapped, rescue operations are underway
BUSINESS
Sintex Industries soars 9% after strong operational show in Q1
The stock touched an intraday high of Rs 16.07 and an intraday low of Rs 15.44.
BUSINESS
D-street Buzz: Metal, auto, midcap underperform; PNB, IOB, Andhra Bank gain up to 13% on capital infusion
Bajaj Finserv, Berger Paints, HDFC Bank, Seamec and Nestle are some of the very few stocks that hit fresh 52-week high in the morning trade on the NSE.
BUSINESS
DoT rejects Vodafone-Idea request to recalculate dues
DoT has said the numbers are fine and the two telcos should pay the dues to get final approval for their merger
