BUSINESS
Coal India rises 4% post Q4 show; brokerages upbeat on better price hike realisations
The company reported a fall of over 52 percent in the net profit for March quarter at Rs 1,295 crore. A steep increase in its gratuity payout/employee benefit expenses at Rs 16,654 crore dragged its results.
BUSINESS
Buy Kajaria Ceramics, target Rs 600: Abhishek Mondal
Positional traders can buy the stock around current level and add on dips around Rs 555-560 with a stop loss below Rs 526 for a target of Rs 600.
BUSINESS
Power Grid gains 2%; CLSA downgrades to outperform, cut target to Rs 237
Brokerage house CLSA has downgraded Power Grid to outperform from buy and cut target price to Rs 237 from Rs 250 per share.
BUSINESS
Glenmark Pharma hits 52-week low on weak Q4; price erosion in US rises to 12%
Revenue of the company was down 7 percent at Rs 2,279.8 crore against Rs 2,457.7 crore
BUSINESS
See Nifty in 10,500-10,700 band till May expiry; these 3 buy ideas could offer 11-13% returns
Since the last week, writing in both 10,500 put and 10,700 call have been observed which indicates sideways movement in expiry week.
BUSINESS
Nifty may series to expire between 10,600-10,700: Dynamic Levels
We expect Nifty to expire between 10,600-10,700 in May series, says Dynamic Levels.
BUSINESS
Indian rupee opens marginally higher at 67.84 per dollar
For the day, rupee is expected to quote in the range of 67.70 and 68.05, says Motilal Oswal.
BUSINESS
Buy or sell: Top stock trading ideas by market experts which are good short term bets
Prakash Gaba of prakashgaba.com is of the view that one can buy United Spirits with target at Rs 3430 and stop loss at Rs 3330 and sell Hindustan Unilever with target at Rs 1554 and stop loss at Rs 1574.
BUSINESS
Nifty may correct to 10,500 if it breaks below 10,605; sell Bharti Airtel
The index failed to sustain above 10,700 for the second consecutive session, ending the session with a bearish Marubzu candle closer to its day’s low of 10,616.10.
BUSINESS
Markets@Moneycontrol: Nifty likely to open below 10,600; 3 stocks which could give 7-11% return
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 80 points or 0.76 percent.
BUSINESS
News highlights: BJP will not come to power at center in 2019, says Chandrababu Naidu
This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.
BUSINESS
Don't ignore these 5 rural consumption bets that could return 12-33% in the medium term
Factors fuelling rural growth in FY18 are a normal monsoon, low base effect, increase in MSP, an increase in rural allocation in recent budgets.
BUSINESS
Stocks in the news: ONGC, ICICI Bank, Glenmark Pharma, Fortis, Interglobe Aviation, BoB
ONGC | ICICI Bank | Glenmark Pharma | Fortis | Interglobe Aviation | SAIL | Canara Bank | Bank of Baroda | Dilip Buildcon are stocks which are in news today.
BUSINESS
News highlights: Italy renews attempt to form government, end turmoil
This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.
BUSINESS
Glenmark Q4 profit drops 17.5% YoY to Rs 152 crore, but beats estimates
The revenues for Q4 declined 7.2 percent YoY to Rs 2,280 crore from Rs 2,457.1 crore last year.
INDIA
UP government signs MoU to fast-track work on Jewar International Airport
The nodal agency, YEIDA, will start preparing documents to select the concessioner. The bidding process is likely to commence at the end of July
BUSINESS
E-sellers allege that Flipkart does not pay on time
The sellers raised their concerns with the e-tailer on the Facebook page of Flipkart Seller Club, AIOVA said in a statement.
INDIA
Podcast | Monsoon hits Kerala: Here's why this particular weather forecast is important
The private weather forecaster Skymet said the Monsoon would hit the Kerala coast on May 28. However, the India Meteorological Department, in its morning bulletin, declared that the Monsoon would hit Kerala in the next 24 hours.
BUSINESS
IndiGo announces upto Rs 400 fuel surcharge to counter rising oil prices
The surcharge will be applicable on domestic trips and it will be effective from the midnight of May 29
CRICKET
‘Who’s Ian Chappell?’, Gayle’s dismissive dig during an interview
Gayle hit back at Ian Chappell for his proposal for a worldwide ban on the West Indian
BUSINESS
World’s first in-display fingerprint sensor phone Vivo Apex to launch as Vivo Nex in China: Reports
Unveiled as a concept phone at the Mobile World Congress 2018, the device came out with the first ever in-display fingerprint sensor on a smartphone along with 91 percent screen-to-body ratio, the highest ever
ECONOMY
Companies to increase spend on travel and entertainment in 2018: AmEx survey
Thirty seven percent Indian companies who were surveyed likely to spend more on travel and entertainment this year; 40 percent feel Indian businesses are likely to invest more than last year in improving administrative process efficiency
BUSINESS
TRAI picks blockchain to curb telemarketing menace
TRAI has sought feedback by June 11 on the proposed framework and will issue its final order after studying the suggestions
BUSINESS
CBI books AirAsia CEO Tony Fernandes, others on corruption charges
The case relates to alleged violation of norms by directors of the aviation company for relaxation of 5/20 rules in the aviation sector to get licenses for international operations, as well as violation of Foreign Investment Promotion Board (FIPB)rules, the CBI has alleged.
