BUSINESS
Buy Parag Milk, target Rs 392: Achin Goel
Traders can accumulate the stock in the range of Rs 345-350 for the target of Rs 392 and a stop loss below Rs 329, says Achin Goel of Bonanza Portfolio.
BUSINESS
2,000 Indian work permit applications pending after downswing in India-Maldives ties
Around 29,000 Indians live and work in the Maldives
BUSINESS
Cipla gains 2% on USFDA approval for generic Isuprel
The company has received final approval for its abbreviated new drug application (ANDA) for Isoproterenol hydrochloride injection USP, 0.2mg/mL, single - use sterile Ampoule from the United States Food and Drug Administration (USFDA).
BUSINESS
Historically midcaps have not corrected more than 20-30%; stagger investments
"We believe that the broader market will undergo time wise base formation, which, in turn, will create a launch pad for the next leg of the upside," says Dharmesh Shah of ICICIdirect.
BUSINESS
Infosys falls more than 2% as stock adjusts for dividend
Infosys, on April 13, had recommended a final dividend of Rs 20.50 per equity share for the financial year ended March 31, 2018 and special dividend of Rs 10 per share.
BUSINESS
Praying outside temple will not reach the god, says the richest temple in Karnataka
The temple is said to be the richest in Karnataka with Rs 96 crore annual income. Sevas done in the temple forms the largest chunk of its revenue
BUSINESS
Samsung Galaxy Note 9 likely to feature 4000 mAh battery, wireless charging
Samsung introduced fast wireless charging with the Galaxy Note 5 and Galaxy S6 edge+, both of which had a 3,000 mAh battery.
TRENDS
Chemistry topper arrested as DRI seizes drugs worth Rs 27 crore in Mumbai
DRI’s Mumbai unit received a specific tip-off and raided a flat in Oberoi Splendor at Jogeshwari, Mumbai, on June 11, 2018, and confiscated 33 kilograms of brown powder, suspected to be Ketamine.
BUSINESS
Adani Transmission rises 3% on LoI for transmission project in Uttar Pradesh
The company has received the LoI from REC Transmission Projects Company, a wholly owned subsidiary of Rural Electrification Corporation, to build, own, operate and maintain the transmission project in the state of Uttar Pradesh.
BUSINESS
Dish TV shares gain over 3% after Rakesh Jhunjhunwala picks up stake worth Rs 93 cr
Rakesh Jhunjhunwala picked up a 0.7 percent stake, or 1.3 crore shares, in the digital-to-home provider.
BUSINESS
Podcast | Stock Picks of the Day: 5 buy ideas that could return 10-22%
“The trend is expected to remain positive till Nifty holds above its recent lowest closing point which is pegged at 10,767,” says Achin Goel of Bonanza Portfolio
BUSINESS
HDFC Bank gains post Cabinet nod to raise Rs 24,000 crore
This is including the premium, over and above the previous approved limit of Rs 10,000 crore, such that the composite foreign shareholding in the bank shall not exceed 74 percent of the enhanced paid-up equity share capital of the bank, said Finance Minister Piyush Goyal after the Cabinet meeting, which was chaired by Prime Minister Narendra Modi.
BUSINESS
ICICI Bank down 1% on likely stake sale in insurance arm
The board of directors of the bank approved the sale of up to 2,87,11,100 shares of ICICI Prudential Life Insurance Company.
BUSINESS
Buy or sell: Top stock trading ideas by market experts which are good short term bets
Mitessh Thakkar of mitesshthakkar.com recommends buying Page industries with a stop loss of Rs 24900 and target of Rs 27000 and Marico around Rs 335 with stop loss of Rs 327 and target of Rs 351.
BUSINESS
Closing Bell: Sensex slips 139 pts, Nifty manages to hold 10,800; RIL at record close
Asian shares traded lower after Fed raises rates and signals more hikes ahead.
BUSINESS
Indian rupee opens at 67.54 per dollar; gains 10 paise
USD-INR pair is expected to quote in the range of 67.45 and 67.80-67.95, says Motilal Oswal.
BUSINESS
Markets@Moneycontrol: Nifty likely to open lower; 3 stocks which could give 10-12% return
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 34.5 points or 0.32 percent. Nifty futures were trading around 10,810-level on the Singaporean Exchange.
BUSINESS
Nifty to trade in a 10,800-10,880 range today; stay cautious on every rise
“Considering the broader market trend, we prefer a buy on dips,” says Jaydeb Dey of Stewart & Mackertich Wealth Management
BUSINESS
How fintechs are meeting the instant loan needs of borrowers
Instant loans are personal loans that are delivered almost instantly or within the span of one working day
BUSINESS
HC order on 18 AIADMK MLAs disqualification case likely today
The fate of the Tamil Nadu government rests on the verdict of this case filed by the MLAs against their disqualification.
BUSINESS
News highlights: Govt extends sale of pre-GST goods with stickers of revised price till July 31
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.
BUSINESS
Stocks in the news: Lupin, Tata Power, Infosys, Cipla, Adani Transmission, Dish TV
Lupin | Tata Power | Infosys | Adani Transmission and Dish TV are stocks, which are in news today.
CURRENT-AFFAIRS-TRENDS
Officials from Portugal check on Abu Salem as gangster complains of boredom
In 2003, convicted gangster Abu Salem was extradited from Portugal after persistent efforts from the government.
BUSINESS
Rakesh Jhunjhunwala picks up 0.7% stake in Dish TV for Rs 92.6 crore
The purchase was done through Jhunjhunwala's firm Rare Enterprises at Rs 71.30 per share
