BUSINESS
PhonePe acquires billing and POS platform, Zopper Retail
As a part of the acquisition, Neeraj Jain, founder and CEO of Zopper will join the PhonePe team as Head of Product, offline merchant solutions.
POLITICS
Congress' Karnataka alliance 'opportunistic' without positive agenda: Arun Jaitley
Jaitley's comments follow Karnataka Chief Minister HD Kumaraswamy's statements indicating ties between his JD(S) and the Congress might have strained.
WORLD
American Express exploring blockchain-based solution for confirmation of payments
American Express has been looking for a faster and efficient alternative to improve its confirmation of transaction process. It has now resorted to blockchain technology to receive payment confirmation from the merchant and its customer
TECHNOLOGY
TVS Apache RR310 gets new Akrapovic Racing Line exhaust system for better racing dynamics
Made using carbon fibre, this new exhaust shaves off about 4.5 kg from the bikes original kerb weight of 170 kg.
BUSINESS
Hindalco Q1 PAT seen up 16% YoY to Rs. 335.9 cr: ICICI Direct
Net Sales are expected to decrease by 8.2 percent Y-o-Y (down 23.2 percent Q-o-Q) to Rs. 8,966.4 crore, according to ICICI Direct.
BUSINESS
Graphite India Q1 PAT seen up 2146.5% YoY to Rs. 662.7 cr: ICICI Direct
Net Sales are expected to increase by 346.7 percent Y-o-Y (up 29.3 percent Q-o-Q) to Rs. 1,567.8 crore, according to ICICI Direct.
BUSINESS
IDG Ventures and Jungle Ventures-backed Vayana Network crosses $1bn in trade financing
Vayana has facilitated short term trade financing of Rs 1,800 crore in Q1FY19 which is 5 times more than Q1FY18 and 106 percent more than the previous quarter.
BUSINESS
Greenko, others looking to buy Equis' India hydropower assets: Report
The Singapore-based company's Hydreq hydropower platform is valued at about Rs 2,700 crore.
BUSINESS
Coal India Q1 PAT seen up 56.4% YoY to Rs. 3,678 cr: ICICI Direct
Net Sales are expected to increase by 21.4 percent Y-o-Y (down 13.5 percent Q-o-Q) to Rs. 23,265.8 crore, according to ICICI Direct.
BUSINESS
Apple India's woes mount as three senior executives quit firm
Major changes to the company's distribution system and diminishing sales numbers in India are the main reasons the three executives quit Apple
BUSINESS
Markets@Moneycontrol | Sensex falls 200 pts, midcaps take a hit during the day's trade
Among sectoral indices, barring IT stocks, all of them ended in the red, with deep cuts seen among pharmaceuticals, metals, energy and PSU Banks, among others. In the broader markets, investors looked to dump stocks, as the Nifty Midcap index ended over 2.5 percent lower.
BUSINESS
'Hedge fund king' billionaire Steven Cohen to invest in cryptocurrency
Billionaire Hedge Fund investor popularly known as Hedge Fund King, Steven Cohen, to invest in cryptocurrency-focused hedge fund Autonomous Partners.
INDIA
Bombay HC allows ill-treated father to take back property gifted to son
Bombay High Court rules that parents can take back property gifted to their son if he ill-treats or harass them in their old age.
POLITICS
Tharoor tweets about attack on his office from BJP youth wing workers protesting his 'Hindu Pakistan' remark
In a two-part Tweet, Tharoor condemned BJP's actions stating that BJP's dream of building a "Hindu Rashtra" is based on "vandalism & violence"
WORLD
Trump admin allows outright rejection of H-1B, other visas
Even though, the USCIS has said that the measure has been taken up in order to “curb frivolous filings”, immigration experts believe that giving subjective powers to officials could make the immigration process more cumbersome.
BUSINESS
TV Today Q1 PAT seen up 87.8% YoY to Rs. 36.4 cr: ICICI Direct
Net Sales are expected to increase by 23.7 percent Y-o-Y (up 3.1 percent Q-o-Q) to Rs. 186.8 crore, according to ICICI Direct.
BUSINESS
Sun TV Q1 PAT seen up 46.9% YoY to Rs. 369.6 cr: ICICI Direct
Net Sales are expected to increase by 28.2 percent Y-o-Y (up 40.6 percent Q-o-Q) to Rs. 1,007.8 crore, according to ICICI Direct.
WORLD
Microsoft calls for regulating facial recognition tech; highlights 'potential for abuse'
President Brad Smith wrote an internal blog post, highlighting the positive and negative impacts of the technology and how the government must help regulate it
BUSINESS
PVR Q1 PAT seen up 1.8% YoY to Rs. 45.3 cr: ICICI Direct
Net Sales are expected to increase by 8.5 percent Y-o-Y (up 18.1 percent Q-o-Q) to Rs. 690.8 crore, according to ICICI Direct.
BUSINESS
Inox Leisure Q1 PAT seen up 16.5% YoY to Rs. 37.4 cr: ICICI Direct
Net Sales are expected to increase by 6 percent Y-o-Y (up 26.9 percent Q-o-Q) to Rs. 410.7 crore, according to ICICI Direct.
BUSINESS
DB Corp Q1 PAT may dip 13% YoY to Rs. 95.8 cr: ICICI Direct
Net Sales are expected to increase by 7 percent Y-o-Y (up 12.1 percent Q-o-Q) to Rs. 636.1 crore, according to ICICI Direct.
BUSINESS
Hindustan Unilever domestic volume meets target: Here are 5 key takeaways from Q1 earnings
Domestic volume growth was in line with Street estimates, reporting at 12 percent in Q1 against 11 percent in previous quarter and zero percent in year-ago.
BUSINESS
Podcast | Sensex ends over 200 points down, Nifty below 10,950; Tata Steel tanks 7%
The Sensex is down 217.86 points or 0.60% at 36323.77, while the Nifty is down 82.00 points or 0.74% at 10936.90.
BUSINESS
Transport Corp Q1 PAT seen up 71% YoY to Rs. 30.1 cr: ICICI Direct
Net Sales are expected to increase by 17.4 percent Y-o-Y (down 3.6 percent Q-o-Q) to Rs. 583.3 crore, according to ICICI Direct.
