BUSINESS
BSE stock gains 3% after Investec retains Buy, sees 50% potential upside
The research house expects several levers to support revenue momentum and investments in last few years to contribute meaningfully in FY19/20.
BUSINESS
PM Modi inaugurates 10th smart city centre in Naya Raipur
The Centre will control and monitor online water and power supply, sanitation, traffic movement, integrated building management, city connectivity and Internet infrastructure (data centre), under one roof
BUSINESS
Mindtree slips 4% after Citi downgrades to Sell but ups target price
Citi, however, has raised its target price for the stock to Rs 970 from Rs 875 after it increased EPS estimates by 6 percent primarily due to INR depreciation.
POLITICS
Split verdict in AIADMK MLAs' disqualification case, status quo in Tamil Nadu for now
Chief Justice Indira Banerjee upheld the disqualification, while Justice M Sundar quashed it. There won't be any fresh elections till the matter is heard by a larger bench
TRENDS
FIFA World Cup 2018 Official squad: Group E – Team 17 – Brazil
Brazil was the first team from CONMEBOL to qualify for the 2018 World Cup
TRENDS
FIFA World Cup 2018 Official squad: Group D – Team 16 – Nigeria
Nigeria was the first team from Africa to qualify for the 2018 World Cup.
TRENDS
FIFA World Cup 2018 Official squad: Group D – Team 14 – Croatia
Croatia finished second in Europe’s Group I and made it to the World Cup, thanks to a 4-1 aggregate play-off win over Greece.
BUSINESS
Macquarie neutral on TCS with target Rs 1600; don't see regulatory challenge to buyback
Macquarie don't see any regulatory challenge to buyback, while it expect company to post 10.8% YoY growth in dollar revenue in FY19.
BUSINESS
Edelweiss Securities initiates coverage on Aditya Birla Capital, sees 42% upside
Aditya Birla Capital is in a sweet spot to capture the financialisation story, Edelweiss believes.
BUSINESS
Ikea to open restaurants in India to boost its business: Report
Ikea India's Patrick Antoni says that food will be the first contact point for people who visit the store
INDIA
SC/ST reservation in promotions applies to states as well: Centre
Ram Vilas Paswan clarified that the Supreme Court’s approval to the Centre to reestablish quotas in promotions will be inclusive of government jobs at both central and state levels
TRENDS
FIFA World Cup 2018 Official squad: Group D – Team 13 – Argentina
Argentina finished third in the CONMEBOL standings, reaching the tournament on the final match day.
INDIA
Govt may ask Ola, Uber to give women option to choose ride-sharing partners
The idea of giving women passengers the option to choose co-passengers was brought up by Union WCD Minister Maneka Gandhi last week
BUSINESS
Axis Capital maintains buy on Westlife Development; target Rs 450
Axis Capital believes that company continuing to benefit from uptick in consumer sentiment.
TRENDS
FIFA World Cup 2018 Official squad: Group C – Team 10 – Denmark
Denmark booked a spot in the World Cup thanks to a 5-1 aggregate playoff win over the Republic of Ireland.
TRENDS
FIFA World Cup 2018 Official squad: Group C – Team 12 – Peru
Peru ended their 36-year World Cup drought by finishing fifth in the South American Qualifiers and defeating New Zealand in the Intercontinental playoff.
BUSINESS
HCL Technologies rises 1% on IT infra services contract win from Falck
The company will support Falck’s business transformation by consolidating, simplyfing and standardizing Falck’s IT infrastructure operations through a centralised global service delivery model.
BUSINESS
ICICI Securities gains over 3% after CLSA initiates coverage with Buy rating
CLSA expects revenue/net profit to grow at a CAGR of 17/21 percent over FY18-21.
TRENDS
FIFA World Cup 2018 Official squad: Group C – Team 9 – Australia
Australia became the 31st team to qualify for the World Cup after defeating Honduras in their Intercontinental playoff.
BUSINESS
FIFA World Cup 2018: Cities where the World Cup affects productivity – Mumbai makes the list
Employers in the cities like Rio and New York are going to be unhappiest as the football actions on the pitch in Russia coincides with the working hours in these cities
BUSINESS
Will it be Rajinikanth vs Hrithik Roshan? 2.0 likely to clash with Super 30 on Republic Day 2019
A clash with a Rajinikanth film could come as big blow to the makers of Super 30 who were banking on the strategic release date.
BUSINESS
3 pharmaceutical sweet spots that could return 13-34% in 1 year
Post-correction, pharmaceutical companies are now available at reasonable valuations making them attractive to long term investors
BUSINESS
Beware! Malware affected apps that steal financial data through other banking apps seen
The QuickHeal security lab in Pune has detected two banking Trojans, specifically designed to steal user’s financial or banking data from a smartphone.
BUSINESS
Punj Lloyd stock slips 11% after ICICI Bank drags company to NCLT
The bank has pleaded to initiate proceedings under the Insolvency & Bankruptcy Code (IBC).
