BUSINESS
RBI to issue new notes of Rs 100 denomination
Old notes will continue to be legal tender
BUSINESS
US politician suggests converting Google, Facebook and Twitter into public utilities
Republican leader King also asked about how the right-wing outlet Gateway Pundit was losing reach on social media and the role of Facebook’s algorithm.
INDIA
Mumbai University students may soon have access to answer sheets online
The Mumbai University has plans to make the answer sheets available to students online, after the declaration of results, free of charge. Currently, students can seek their answer papers by submitting an application and paying a fee of Rs 50 per paper.
BUSINESS
Closing Bell: Sensex ends the day on a flat note, Nifty below 11,000; IT, pharma crack
The Sensex is down 22.21 points or 0.06% at 36351.23, while the Nifty is down 23.40 points or 0.21% at 10957.10.
INDIA
BMC imposes fine of Rs 1 lakh per day on road contractor for shoddy repair of the Ghatkopar-Mankhurd Link Road
Additional Municipal Commissioner, Vijay Singhal said that the Rs 150-crore contract clearly mentioned that the road should be repaired soon.
BUSINESS
Hindalco tanks 8% on buzz of Aleris acquisition worth $2.5 billion
According to sources to CNBC-TV18, the company and its Canadian arm, Novelis, is in process of raising debt for the said deal. Investors may have taken note of this point as the firm already has a consolidated net debt of Rs 40,000 crore.
BUSINESS
Indian rupee slips 40 paise to 69.03 against dollar
The rupee weakened by 40 paise to 69.03 against previous close of Rs 68.62, hurt by fresh demand for the American currency from importers.
BUSINESS
Sterlite Technologies down 5% despite better Q1 numbers
Revenue of the company rose 3.5 percent at Rs 877 crore against Rs 847 crore.
WORLD
Named ‘highest paid actor’ by Forbes - Dwayne 'The Rock' Johnson - started with just $7
His earning at $124 million last year was the largest ever recorded on the Forbes celebrity list.
BUSINESS
If someone has to be fired for data abuse, it should be me: Mark Zuckerberg
Zuckerberg came under public scrutiny after Cambridge Analytica, a British data mining firm, was accused of influencing the outcome of the 2016 US presidential elections by using data harvested from Facebook
BUSINESS
KNR Construction Q1 PAT may dip 40.8% YoY to Rs. 40 cr: HDFC
Net Sales are expected to decrease by 2.3 percent Y-o-Y (down 24.8 percent Q-o-Q) to Rs. 470 crore, according to HDFC.
BUSINESS
Ashoka Buildcon Q1 PAT may dip 3.5% YoY to Rs. 60 cr: HDFC
Net Sales are expected to decrease by 3.1 percent Y-o-Y (down 0.3 percent Q-o-Q) to Rs. 700 crore, according to HDFC.
TECHNOLOGY
Vivo Nex launched in India at Rs 44,990; features in-display fingerprint sensor, pop-up selfie camera
The device packs in a lot of innovative features which include in-display fingerprint sensor where the entire bottom half of the screen can scan your fingerprint and a pop-up selfie camera
BUSINESS
Kotak Mahindra Bank shares slips 2% after provisions more than doubled in Q1
The bank’s net interest income grew by 15 percent to Rs 2,583 crore in Q1 from Rs 2,245.5 crore in the year ago period.
BUSINESS
PNC Infratech Q1 PAT seen up 208.8% YoY to Rs. 76 cr: HDFC
Net Sales are expected to increase by 96.6 percent Y-o-Y (down 1.1 percent Q-o-Q) to Rs. 691 crore, according to HDFC.
BUSINESS
Sadbhav Engineering Q1 PAT may dip 4.8% YoY to Rs. 53 cr: HDFC
Net Sales are expected to increase by 8.5 percent Y-o-Y (down 7.3 percent Q-o-Q) to Rs. 1,024 crore, according to HDFC.
BUSINESS
Kotak Mahindra Bank Q1 net profit up 12.3% at Rs 1,025 cr, provisions up 130%
Asset quality remained stable for the bank in the first quarter ended June 2018
BUSINESS
NCC Q1 PAT seen up 21.7% YoY to Rs. 77 cr: HDFC
Net Sales are expected to increase by 9.6 percent Y-o-Y (down 5.9 percent Q-o-Q) to Rs. 2,206 crore, according to HDFC.
BUSINESS
Dilip Buildcon Q1 PAT seen up 220.7% YoY to Rs. 195 cr: HDFC
Net Sales are expected to increase by 73.6 percent Y-o-Y (down 8.1 percent Q-o-Q) to Rs. 2,350 crore, according to HDFC.
BUSINESS
Bajaj Finance Q1 standalone net profit up 83% YoY on higher interest income
The NBFC's assets under management (AUM), as on June 30, were 25 percent higher than at the end of the June quarter last year, at Rs 86,042 crore
BUSINESS
RBL Bank shares correct 3% after provisions spike sharply in Q1
Provision coverage ratio at the end of June quarter stood at 60.41 percent, which was improved from 57.99 percent in June 2017 and 57.57 in FY18.
BUSINESS
Ashok Leyland plunges nearly 5%; brokerages cut target price up to Rs 99
The share closed down 14 percent at Rs 110.60 in the previous trading session.
INDIA
Seven Hills to Seven Continents: NRIs offer to buy foreign coins worth Rs 1cr-1.5cr from Tirumala temple
The proposal states that small sachets of coins worth $20 will be packed with sacred cloth and market them. It will be sent to NRIs via international courier services
BUSINESS
Havells Q1 preview: Net profit seen rising 60.4% to Rs 194.8 crore
According to analysts polled by Reuters, the company is seen reporting a rise of 29.8 percent in its sales to Rs 2,415.5 crore for the quarter under review
