BUSINESS
Market Update: PSU banks down 1%; midcap underperforms, Bajaj Finance, RIL, ITC most active
The Nifty midcap index underperforms dragged by CG Power, Bharat Financial, Ashok Leyland, Hindustan Zinc and IFCI.
WORLD
Know Shubham Goel - The 22-year-old NRI running for Governor of California
A software professional, Shubham decided to ‘be the change that he wants to see in the world’ by running for Governor of California
BUSINESS
Microsoft to acquire GitHub: Report
Microsoft has agreed to acquire GitHub Inc and a deal could be announced as soon as June 4.
POLITICS
New book claims Nawaz Sharif was unaware of Pakistan army's Kargil infiltration
In her book named 'From Kargil to the Coup: Events that shook Pakistan', Nasim Zehra, a Pakistani journalist, claims the then PM and other senior officials were unaware of the military operation
POLITICS
Congress names 60 lakh fake voters in MP, EC forms teams to probe allegations
The poll panel has formed two teams to probe the allegations and they have to submit a report by June 7
INDIA
Shimla water crisis: Situation improves but rationing to continue, schools to remain shut for a week
The Municipal Corporation has managed to plug some leakages and pilferages increasing the daily water supply in Shimla by 10 MLD.
CURRENT-AFFAIRS-TRENDS
Indian Army to drastically cut down its supplies from state-owned ordnance factories: Report
The official explained that payment for the emergency procurement for this project has been distributed over the years due to shortage of funds
BUSINESS
Govt planning to slash stake in CPSEs to 49%: Report
NTPC, Steel Authority of India Ltd and Power Grid Corp are some of the companies where the government could shed their majority stake
BUSINESS
Buy M&M Financial Services, target Rs 544: Akash Jain
The company's Q4FY18 consolidated net profit rose 79.4 percent at Rs 513.1 crore against Rs 286 crore, in the same quarter last year, says Akash Jain of Ajcon Global.
BUSINESS
Buy Mahindra and Mahindra with a targe of Rs 1,049: Akash Jain
With the forecast of an upcoming normal monsoon the company is confident of good growth in the coming months, says Akash Jain of Ajcon Global
POLITICS
Kumaraswamy asks officials to cut down expenses after announcing farm loan waiver
The move comes after the Congress-JD(S) coalition government announced a farm loan waiver last week
BUSINESS
The rise continues: Jet fuel prices hiked for the 11th month in a row
As on date, Jet fuel costs Rs 70, 028 per kilolitre (Delhi) – over 34% more than the average price last year.
INDIA
Fuel price today: Check latest petrol, diesel prices after a dip for sixth consecutive day
Fuel prices were hiked for 16 consecutive days, which led to petrol and diesel prices touching highest levels in India
BUSINESS
Ambit Cap’s Pramod Gubbi says downside in largecaps possible; likes consumption names
For investors in the current market, he said that it would be prudent to have a systematic approach with investing rather than timing the market.
BUSINESS
Walmart India plans new "dark store" to boost kirana stores programme: Report
The new fulfillment centre will most likely be opened in Lucknow over the next month
BUSINESS
NCC, Nestle, ADF Foods, HUL, Colgate to get astrological support: Satish Gupta
NCC, Nestle, ADF Foods, HUL, Colgate will get astrological support, says Satish Gupta of astrostocktips.
TRENDS
'Can I have a ticket please?': Sania Mirza joins Tendulkar, Kohli in support of Chhetri's plea to football fans
Sunil Chettri, also the third highest goal scorer in international football, took to social media, saying "To all of you, who have lost hope or don’t have any hope for Indian football, we request you to come and watch us at the stadium. Abuse but make us feel relevant."
BUSINESS
ICICI Bank board begins hunt for new chairman: Report
Veteran banker and former Bank of Baroda chairman and managing director, MD Mallya, is the frontrunner to succeed MK Sharma
INDIA
Thousand-year-old idols worth Rs 150 crore stolen from TN temple found in Gujarat museum
The said 1000-year-old bronze idols had gone missing from Brihadesswarar Temple at Thanjavur, Tamil Nadu more than five decades ago.
BUSINESS
Dilip Buildcon rises 3% on LoA from NHAI worth Rs 1,314 cr
The company has received letter of award worth of Rs 1313.90 for a new hybrid annuity project in the state of Karnataka.
BUSINESS
Government is considering merger of 4 public sector banks: Report
If the plan goes through, the merged entity will become the second-largest bank in the country after State Bank of India, with combined assets of Rs 16.58 lakh crore
BUSINESS
Buy Tata Motors, target Rs 495; expect JLR volumes to increase by 9% in 2018-19: Nomura
The reserach firm expect 9 percent growth in overall JLR volumes in 2018-19.
INDIA
Scientific study will be done to determine colour of Taj Mahal: Centre
“First it was yellow and now it is becoming brown and green,” an SC bench had observed last month
BUSINESS
Nifty to consolidate in 10,680-10,780 range today; Buy BPCL for the short term
The Nifty will now consolidate in the price band of 10,680-10,780 before the next leg of upmove towards 10,840 levels, says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management.
