BUSINESS
JM Financial Credit Solutions bond issue oversubscribed on Day 1
As against an allocation of Rs 225 crore, the retail and HNI portions have received subscriptions of Rs 555 crore and Rs 427 crore.
BUSINESS
SEBI may soon allow issuers to contest credit ratings assigned by agencies
The proposal was approved at the regulator’s board meeting in December last year, but a circular has not been formally issued yet.
INDIA
Podcast | All you need to know about India's jobs data
India will need to create 10 million jobs per annum until 2030 to see a healthy reduction in unemployment and underemployment numbers.
TRENDS
French citizenship for ‘Spiderman’ migrant who saved boy dangling between life and death
Mamoudou Gassama, a 22-year-old Malian immigrant in France, became the darling of social media after a video of him climbing the four storeys amid cheers from the crowd present on the spot went viral.
BUSINESS
REC Q4 net profit down 37% on higher provisions
The company has recommended a final dividend of Rs 1.75 per share for FY18
TECHNOLOGY
Apple knew about the bendgate in iPhone 6, internal documents show
Due to the unwanted characteristics, the phones developed a fault dubbed as touch disease— a flaw that causes the touchscreen to work intermittently
POLITICS
Pranab Mukherjee to address 600 RSS workers in Nagpur
Pranab Mukherjee has been a Congress member for more than two decades and has worked closely with Indira Gandhi as well as Rajiv Gandhi
BUSINESS
This billionaire is training hard to go to space 'in months'
Branson owns a space tourism company Virgin Galactic. He has been investing in the company since 2004 to make commercial space tourism a thing
BUSINESS
Xiaomi Mi TV 4C, Mi TV 4X and Mi TV 4S launched in China; here's all you need to know
The launch comes ahead of the annual mega event on May 31, when the Chinese device maker is expected to launch Xiaomi Mi 8 flagship smartphone along with its upcoming firmware OS MIUI 10.
BUSINESS
Bank of India Q4 loss at Rs 3,970 cr on higher provisions; asset quality worsens
Net interest income or NII (the difference between interest earned and paid) fell 26 percent to Rs 2,563.85 crore from Rs 3,469 crore in the year-ago period.
TECHNOLOGY
Microsoft follows Google and Facebook, plans to launch bias detection tools for AI
As a lot of important judgements and decisions are being made based on AI systems, detection of unfair bias becomes important
BUSINESS
Podcast | Super Monday! Sensex reclaims Mount 35K; Nifty above 10,680
The market began the expiry week on a strong note with Nifty reclaiming 10,700 levels in intraday trade. The rally on the index was led by banking stocks, followed by pharma, realty, auto, as well as metal stocks.
BUSINESS
Podcast | Deep dive – The business of family: The Oberois
The story of the Oberois begins with the irrepressible Mohan Singh Oberoi who was born on August 15, 1898, in Bhaun, a small village in undivided Punjab.
BUSINESS
Nifty rallies for 3rd day on oil slide, rupee gain; Sensex closes up 241 pts, midcaps outperform
The Nifty Midcap index outperformed frontliners, rising 1.4 percent on strong market breadth. More than two shares advanced for every share falling on the NSE.
BUSINESS
Markets@Moneycontrol: Indices open expiry week on a positive note
The 30-share BSE Sensex rose 240.61 points to 35,165.48 and the 50-share NSE Nifty gained 83.50 points at 10,688.70.
POLITICS
Ready for talks with Hurriyat: Union Home Minister Rajnath Singh
“To not welcome anyone who wants to talk is not the right thing,” Union Home Minister Rajnath Singh said
CRICKET
5 uncapped Indians who impressed the most in IPL 2018
Uncapped Indian players have shown great potential in IPL 2018 and many of them look ready to be blooded into the national side.
BUSINESS
Steel, mobile, e-vehicle makers all seek Patanjali's support: Acharya Balkrishna
Various electric vehicles (EVs), steel and mobile chip manufacturers have sought Baba Ramdev's Patanjali Ayurved's support regarding buyout, joint venture (JV) partnerships and financial aid
BUSINESS
L&T Q4 profit up 5% YoY at Rs 3,167 cr; Expects 12-15% revenue growth in FY19
Consolidated EBIDTA was 24.3 percent at Rs 5,390 crore. Consolidated EBIDTA margin was up at 13.2 percent.
BUSINESS
Buy Ashoka Buildcon, target Rs 290: Akash Jain
"We expect a target of Rs 290 by FY19 end and is one of our top picks in the infrastructure space owing to its strong execution capabilities and recent order wins in the EPC segment," says Akash Jain, Vice President - Equity Research at Ajcon Global.
WORLD
PM Narendra Modi's visit to Singapore and Indonesia: A look at his agenda
The visit is expected to boost the government's Act East Policy.
BUSINESS
With squeeze on bank financing, retail bond issues to hit all-time high this fiscal: ICRA
Raising funds from abroad, in spite of RBI’s relaxed norms, is not a viable option, because rising bond yields across the globe and a depreciating Indian rupee (INR) end up inflating hedging premiums.
BUSINESS
L&T Q4 preview: Profit to decline by 9.4% despite improvement in order flow
A Reuters poll of analyst estimates forecast net profit to decline 9.4 percent to Rs 2,994 crore.
BUSINESS
Akshay Kumar launches ad campaign for Swachh Bharat to promote twin pit toilet technology
Akshay said that there is a need for influencers of society to talk freely about toilets.
