BUSINESS
'Nifty likely to be near 12,000 by year-end; prefer midcaps to largecaps'
Among midcaps, one needs to buy relative strength stocks which traded sideways followed by 10 percent correction, Gautam Shah of JM Financial advised.
BUSINESS
Nestle, HUL, ITC interested in GSK's $4 billion consumer nutrition business in India
Even private equity players like KKR are looking at the sale keenly as an entry point into the Indian nutrition foods market.
BUSINESS
News highlights: Nawaz Sharif, Maryam Nawaz arrested after landing in Lahore from Abu Dhabi
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
IDBI Bank shares drop 7% after employees threaten 6-day strike next week to protest stake sale to LIC
The public sector lender on Thursday received notice from a section of officers that they proposed to go on strike from July 16 to July 21, 2018.
BUSINESS
Just Dial Q1 PAT seen up 9.7% QoQ to Rs. 42.7 cr: Edelweiss
Net Sales are expected to increase by 5.5 percent Q-o-Q (up 11.3 percent Y-o-Y) to Rs. 211.4 crore, according to Edelweiss.
BUSINESS
L&T Technology Services Q1 PAT seen up 31.8% QoQ to Rs. 209.7 cr: Edelweiss
Net Sales are expected to increase by 4 percent Q-o-Q (up 33.3 percent Y-o-Y) to Rs. 1,096.7 crore, according to Edelweiss.
BUSINESS
Idea Cellular slips nearly 3% after Credit Suisse maintains Underperform, sees 17% downside
Vodafone Idea may prioritise cost savings over market share retention, Credit Suisse said.
BUSINESS
L&T Infotech Q1 PAT seen up 15.8% QoQ to Rs. 334.9 cr: Edelweiss
Net Sales are expected to increase by 6.5 percent Q-o-Q (up 27.6 percent Y-o-Y) to Rs. 2,131.7 crore, according to Edelweiss.
BUSINESS
Zee Entertainment stock falls 2% after Macquarie cuts target price on rising uncertainty
Macquarie slashed target price to Rs 615 from Rs 675 per share as valuations are expected to be lower than peak till it comes out unscathed from digital disruption.
BUSINESS
Persistent Q1 PAT seen up 13.8% QoQ to Rs. 83.9 cr: Edelweiss
Net Sales are expected to increase by 8.5 percent Q-o-Q (up 12.1 percent Y-o-Y) to Rs. 816.3 crore, according to Edelweiss.
BUSINESS
Maharashtra cyber cell bans 11 websites for streaming 'Sanju' on Facebook Live
Producers of the film had lodged a complaint on July 9 with the cyber cell of the film going viral on Facebook.
BUSINESS
Novartis down 2% after its injection manufacturer received a show cause notice
Themis has been manufacturing Diclofenac 1 ml injection under Voveran brand since 2015 and has been marketed by the Company in India based on regulatory approvals granted to them earlier.
BUSINESS
New book on Google: Sergey Brin's 'playboy' behaviour was a sexual harassment claim waiting to happen
One of the early employees at Google, quoted in the book "Valley of Genius: The Uncensored History of Silicon Valley," alleges Brin used to be a "playboy" among female employees
BUSINESS
Tata Steel eyes sale of South-East Asia operations: Report
With a profit of Rs 437 crore, the businesses contributed only roughly 2 percent of its total EBITDA of Rs 22,045 crore
BUSINESS
Bajaj Finance, Bajaj Finserv, Cholamandalam Investment to get astrological support: Satish Gupta
Bajaj Finance, Bajaj Finserv, Cholamandalam Investment and Shriram Transport Finance will get astrological support, says Satish Gupta of astrostocktips.
INDIA
India needs more private lenders but fewer banks: CEA Arvind Subramanian
Speaking about the banking situation in the country, Subramanian said the Insolvency and Bankruptcy Code (IBC) is a major achievement and resolution is beginning to happen in a way that never happened before.
BUSINESS
eClerx Q1 PAT may dip 0.9% QoQ to Rs. 63.2 cr: Edelweiss
Net Sales are expected to increase by 0.7 percent Q-o-Q (up 9.1 percent Y-o-Y) to Rs. 363.5 crore, according to Edelweiss.
BUSINESS
Hexaware Q1 PAT seen up 5.7% QoQ to Rs. 141.9 cr: Edelweiss
Net Sales are expected to increase by 7.8 percent Q-o-Q (up 15 percent Y-o-Y) to Rs. 1,131.3 crore, according to Edelweiss.
BUSINESS
Info Edge Q1 PAT seen up 13.1% QoQ to Rs. 64 cr: Edelweiss
Net Sales are expected to increase by 7.1 percent Q-o-Q (up 15.8 percent Y-o-Y) to Rs. 257.7 crore, according to Edelweiss.
BUSINESS
Trigyn Technologies jumps 6% as Co to set up datacenter for Software Technology Park of India
The firm as consortium partner with ESDS Software Solution has entered into a master service agreement to build and operate datacenter on revenue sharing model with Software Technology Park of India at Electron City in Bangalore.
BUSINESS
Temasek invests $1.5 billion in India in first 3 months of FY19: Report
The company has a positive bias towards India and wants to grow its portfolio here. It also has certain focus areas where it wants to put the capital to work
BUSINESS
Thai cave rescue mission: Thailand thanks Indian govt & Kirloskar Brothers for offering help in rescue mission
Among the members of the team from KBL, there were two Indians, Prasad Kulkarni and Shyam Shukla, both engineers
BUSINESS
HOEC rises 4% on completion of two well re-entry, side track drilling
Based on the test results of these wells there is an increase in gas production by about 10 mmscfd from the current level of 2 mmscfd.
BUSINESS
HDFC Bank hits 52-week high, to consider issue price for share allotment to HDFC
The board meeting of HDFC Bank will be held on July 21 to consider the financial results (unaudited) for the quarter ended June 30, 2018.
