BUSINESS
Samsung Galaxy Note 9 may come with a massive 512GB storage, 8GB RAM
Galaxy Note 9 is expected to launch by the end of July and will replace Galaxy S9 -which was launched in March this year
BUSINESS
Sell ITC, target Rs 250: Dinesh Rohira
"The scrip is facing a resistance at Rs 296 levels and support at Rs 244 levels. We have a sell recommendation for ITC with target of Rs 250 which is currently trading at Rs 272.30," says Dinesh Rohira of 5nance.com.
BUSINESS
DB Corp gains 6% on approval of buyback proposal
The board of directors of the company at its meeting held on May 26, 2018 has approved buyback proposal for purchase of not exceeding 92,00,000 fully paid equity shares.
BUSINESS
Buy Just Dial, target Rs 575: Dinesh Rohira
"The scrip has a support at Rs 468 levels and resistance level at Rs 682. We have a buy recommendation for Just Dial with target of Rs 575 which is currently trading at Rs 507.65," says Dinesh Rohira of 5nance.com.
BUSINESS
Reliance Entertainment, Imtiaz Ali ink pact for movie production
This will be a 50:50 joint venture for production of movies
BUSINESS
OxygenOS 5.1.2 for OnePlus 5 and 5T: Security, connectivity issues fixed; new features added
The update, which is 1.6GB in size, will be rolled out incrementally to all devices.
BUSINESS
Dr Reddy's Laboratories up 1% on lawsuit files in US District Court
The company’s wholly-owned subsidiary Promius Pharma LLC has filed a lawsuit for patent infringement in the United States District Court for Eastern District of Texas against Perrigo UK FINCO Limited Partnership, Perrigo Israel Pharmaceuticals and Taro Pharmaceuticals Inc.
BUSINESS
Manpasand Beverages locked in 20% lower circuit after co cancels Board meet, changes auditor
The company on Monday informed the NSE that a Board meeting, scheduled on May 30, 2018, which was supposed to consider results as well as dividend issue, was cancelled.
BUSINESS
Sun Pharma gains 8% post Q4 nos; CLSA, Macquarie upgrades rating
Consolidated EBITDA margin stood at 24.1 percent in Q4FY18.
BUSINESS
Buy Jain Irrigation Systems, target Rs 123: Dinesh Rohira
"The support level for the scrip is currently placed at Rs 84 and resistance level from the upper band is placed at Rs 135. We have a buy recommendation for Jain Irrigation which is currently trading at Rs 103.90," says Dinesh Rohira of 5nance.com.
BUSINESS
Government may stall Tata Tele-Tata Communications deal over Rs 10,000 cr dues: Report
The government, which owns 26 percent in Tata Communications, could block shareholder approval of the deal if Tata Teleservices fails to pay its dues.
BUSINESS
Oil retailers, aviation stocks rally 3-20% after sharp correction in crude prices
Brent and WTI have respectively fallen by 5.5 percent and 7.5 percent from peaks reached earlier in May.
POLITICS
Bypolls for 4 Lok Sabha seats, 10 assembly constituencies: All you need to know
By-elections for four Lok Sabha seats, 10 assembly constituencies across 10 states and polls for the Rajarajeshwarinagar seat in Karnataka are being held May 28.
BUSINESS
Adani Enterprises rises 3% on stake sale in subsidiary company
The company has entered into agreement for stake sale on May 25 and received Rs 51000 as consideration from sale.
BUSINESS
Bank of Baroda rises 4% despite weak Q4; global brokerages cut target prices by up to 14%
Global brokerages observed that the bank had a soft quarter, but see profitability increasing ahead. Having said that, they have collectively reduced their target prices on the stock, with a downside of up to 14 percent.
BUSINESS
What should investors do with Tech Mahindra post stellar Q4 results?
Goldman Sachs maintains a buy rating on Tech Mahindra post Q4 results but raised its 12-month target price to Rs 880 from Rs 824 earlier.
BUSINESS
Nifty likely to head higher with critical resistance at 10,700; JSPL good short term bet
On the weekly chart, the Nifty ended nearly flat. It rebounded from the low of 10,418 towards finishing off the week nearer to the high of 10,628 with a Dragonfly Doji.
BUSINESS
Stock market prediction for May 28-June 1: Satish Gupta
According to Satish Gupta of astrostocktips, personal care stocks like HUL, Colgate, Godrej Consumer, Proctor & Gamble and Marico will get astrological support.
BUSINESS
Closing Bell: Sensex up 241 pts, Nifty fails to hold 10,700; IT stocks correct on rupee gain
The rupee traded 42 paise higher at 67.34 against the US dollar.
BUSINESS
Indian rupee opens higher by 26 paise at 67.52 per dollar
The Indian rupee gained in the early trade on Monday. It has opened higher by 26 paise at 67.52 per dollar versus 67.78 yesterday.
BUSINESS
RBI appoints Sudha Balakrishnan as its first CFO: Report
RBI has been on the look out for a CFO since May 2017 when it first advertised for the post. A foreign bank executive was reportedly selected for the post, but declined to join due to differences in remuneration.
BUSINESS
Buy or sell: Top stock trading ideas by market experts which are good bets in the near term
Prakash Gaba of prakashgaba.com recommends buying Dabur India with target at Rs 385 and stop loss at Rs 374, Exide Industries with target at Rs 266 and stop loss at Rs 252 and a buy also in Hindalco Industries with target at Rs 255 and stop loss at Rs 237.
BUSINESS
Markets@Moneycontrol: Nifty likely to open flat; 3 stocks which could give 8-18% return
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 8 points or 0.08 percent. Nifty futures were trading around 10,647-level on the Singaporean Exchange.
BUSINESS
News highlights: Expect some reduction in oil prices from tomorrow onwards, says DEA Secretary
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.
