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
BUSINESS
PNB, IOB, Andhra Bank, Corporation Bank, Allahabad Bank up 4-13% post capital infusion
Of the Rs 11,336 crore, Rs 2,816 crore will be infused in PNB, Rs 2,157 crore in IOB, Rs 2,019 crore in Andhra Bank, Rs 2,555 in Corporation Bank, and Rs 1,790 crore in Allahabad Bank.
BUSINESS
TCNS Clothing IPO opens; here's what analysts recommend
Given the decent financials, mature valuations and growth prospects, majority of brokerage houses are of the view that investors can subscribe the issue with a long term perspective, but not for listing gains.
BUSINESS
Indian rupee opens higher at 68.42 per dollar
Today, USD-INR pair is expected to quote in the range of 68.30 and 68.80, says Motilal Oswal.
BUSINESS
Decreased volatility suggests limited Nifty downside; 3 value picks that can return up to 15%
Immediate support for the Nifty is seen around 10,800 and 10,600 levels, whereas 11,200 will act as stiff resistance, says Abhishek Mondal of Guiness Securities.
BUSINESS
Markets@Moneycontrol: Nifty likely to open higher; top 3 stocks which could give 5-10% return
Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 37 points or 0.34 percent. Nifty futures were trading around 11,062-level on the Singaporean Exchange.
BUSINESS
Top buy & sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term
Mitessh Thakkar of mitesshthakkar.com suggests buying Adani Power with a stop loss below Rs 20 and target of Rs 23.50, IndusInd Bank with a stop loss of Rs 1892 and target of Rs 1930 and Nestle India with a stop loss of Rs 10280 and target of Rs 11000.
BUSINESS
3 stocks that could return 9-13% in 1-2 months
The Nifty is likely to trade with a positive bias and move toward its all-time highs in coming sessions.
BUSINESS
3 killed as under-construction building collapses in Noida; several feared trapped
"Till now three dead bodies have been recovered, while four teams have deployed for rescue operations," said NDRF Deputy Commandant RS Kushwaha.
BUSINESS
News Highlights: Centre increases floor price of sugarcane to Rs 275 per quintal
This blog will keep track of breaking news and important developments through the day
