ECONOMY
Companies to increase spend on travel and entertainment in 2018: AmEx survey
Thirty seven percent Indian companies who were surveyed likely to spend more on travel and entertainment this year; 40 percent feel Indian businesses are likely to invest more than last year in improving administrative process efficiency
BUSINESS
TRAI picks blockchain to curb telemarketing menace
TRAI has sought feedback by June 11 on the proposed framework and will issue its final order after studying the suggestions
BUSINESS
CBI books AirAsia CEO Tony Fernandes, others on corruption charges
The case relates to alleged violation of norms by directors of the aviation company for relaxation of 5/20 rules in the aviation sector to get licenses for international operations, as well as violation of Foreign Investment Promotion Board (FIPB)rules, the CBI has alleged.
BUSINESS
Thunderstorm kills 40 in Uttar Pradesh, Bihar and Jharkhand
Around 200 people have lost their lives to thunderstorms in the month of May in various parts of north and central India.
BUSINESS
Indian companies face difficulties in verifying background info: HireRight report
About one in six (15.8 percent) background checks on candidates in India identified inaccuracies in the information supplied by them
TECHNOLOGY
FBI suggests to turn off internet routers worldwide as malware creates havoc
The FBI said the size and scope of the infrastructure impacted by VPNFilter malware is significant
CRICKET
Here is Moneycontrol’s IPL 2018 Dream XI
Some powerful hitting, innovative bowling and breathtaking fielding saw people getting enthralled everyday
BUSINESS
Podcast | Bears make a comeback on D-Street; Nifty ends below 10,650
Benchmark indices snapped the three-day winning streak, dented by weak global cues and sharp fall in rupee. Banking & financials are the major losers that pulled the market lower in trade today.
BUSINESS
Markets@Moneycontrol: Indices snap three-day rally, global cues in play
Correction in global stocks amid political turmoil in Italy and Spain, and sharp fall in the rupee dented investor sentiment
BUSINESS
Paytm reports 39% dip in losses for FY17
The company's revenue stands at Rs 828.6 crore, which is a 38.6 percent increase against FY'16 revenue of Rs 597.8 crore
CURRENT-AFFAIRS-TRENDS
Insight 18 | Pakyong Airport puts Sikkim on India’s aviation map
After a 70-year wait, Sikkim is getting its first ever airport in Pakyong near the state’s capital Gangtok.
WORLD
Pair of Yubari melons - a status symbol in Japan - auctioned for Rs 20 lakh
The company will put the melons on display until the end of the month and after that pieces of them will be given away at the market for free
BUSINESS
Fortis board initiates fresh bidding process, bidders will get 10 days to do due diligence
As part of the due diligence, Fortis will give access to data room comprising information related finances, litigation and update on pending investigation
BUSINESS
Nifty snaps 3-day gains; weaker rupee, banks, global cues drag Sensex 216 pts
Correction in global stocks amid political turmoil in Italy & Spain, and sharp fall in the rupee dented investors sentiment.
BUSINESS
Technical View: Profit booking hits D-Street above 10,700; Nifty forms bearish candle
The trend still remains on the upside as long as Nifty holds 10,700 on a closing basis, suggest experts. Being expiry week, large swings can be expected on either side; hence, traders are advised to trade with caution.
BUSINESS
Power Grid Corporation Q4 profit at Rs 2,004cr; Revenue up 16.5%
Revenue of the company was up 16.5 percent at Rs 7,811.3 crore against Rs 6,705.6 crore.
CRICKET
IPL 2018: Don’t miss these facts from the latest IPL season
As we wind up yet another scintillating Indian Premier League (IPL) season, here’s a look at some facts and figures you might’ve missed.
POLITICS
Modi wave can be checked if opposition, regional parties work in tandem: Arun Shourie
"I don’t say it is inevitable—I feel Modi can be checked. After all, at the height of his popularity he got only 31% of the vote," said Shourie.
BUSINESS
Coal India Q4 net profit falls 52% post weak operational performance
Its revenues fell 16 percent at Rs 26,909 crore against Rs 23,243 crore year on year.
BUSINESS
Buy Exide Industries, target Rs 290: Ashish Chaturmohta
"The stock can be bought at current level and on dips to Rs 256 with a stop loss below Rs 249 and a target of Rs 290 levels," says Ashish Chaturmohta of Sanctum Wealth Management.
BUSINESS
Buy Pfizer, target Rs 2800: Ashish Chaturmohta
"The stock can be bought at current level and on dips to Rs 2,400 with a stop loss below Rs 2,350 and target of Rs 2,800 levels," says Ashish Chaturmohta of Sanctum Wealth Management.
BUSINESS
Buy Indian Hotels Company, target Rs 170: Ashish Chaturmohta
"The stock can be bought at current level and on dips up to Rs 142 with a stop loss below Rs 137 and a target of Rs 170 levels," says Ashish Chaturmohta of Sanctum Wealth Management.
BUSINESS
Buy JMC Projects, target Rs 780: Ashish Chaturmohta
"The stock can be bought at current levels and on dips to Rs 670 with a stop loss below Rs 650 and a target of Rs 780 levels," says Ashish Chaturmohta of Sanctum Wealth Management.
BUSINESS
Gravita India Q4 profit rises 19% to Rs 11.1 cr, revenue jumps 70%
Revenue from operations shot up 70 percent to Rs 362.4 crore compared to Rs 212.6 crore in same quarter last year.
