BUSINESS
Sensex off day’s highs, Nifty manages to hold 10,750; banks, metals surge
The Sensex ended higher by 284.20 points at 35463.08, while the Nifty was up 83.70 points at 10768.40.
BUSINESS
Coinbase says it's 'on track' to become a regulated securities firm
Chief Operating Officer and President Asiff Hirji wrote, "if approved, Coinbase will soon be capable of offering blockchain-based securities, under the oversight of the US SEC and FINRA."
WORLD
News in Pics: Your daily dose of pictures from around the world
Moneycontrol brings to you select pictures that are making headlines across the globe…
BUSINESS
Buy Firstsource Solutions: Equity99
With a healthy dividend payout and becoming net long term debt free company, we believe FSL could witness a massive upside going ahead. We are recommending a buy.
BUSINESS
Meesho raises $11.5 million from Sequoia and existing investors
Existing investors such as SAIF Partners, Y Combinator and Venture Highway also participated in the round
BUSINESS
Buy Sheela Foam: Equity99
Looking at the revenue drivers and company’s ability to generate FCF we are recommending a buy.
BUSINESS
All you need to know about why Rajinikanth's Kaala is surrounded by controversies
Widespread protests by pro-Kannada activists marred the screening of the film in most parts of Karnataka.
BUSINESS
Buy Power Finance Corporation: Equity99
Given that large part of stress pertains to state utilities, where recovery is just a matter of time we believe stock is available at a throw away price. It is trading at below band of it’s historic P/B value band. We are recommending a buy.
INDIA
President Kovind will not host Iftaar, Diwali at Rashtrapati Bhavan
After the President took oath in July 2017, he had directed that Rashtrapati Bhavan being a public building, there would be no religious observances at the taxpayer's expense
BUSINESS
Nifty reclaims key milestone of 10,800, Sensex soars 400 points. 5 factors why the market rallied today
Five key factors that seem to have worked in the market’s favour are the ebbing of trade war fears, global market’s rally, technical factors as well as crude movements and early arrival of monsoon.
BUSINESS
Buy IndusInd Bank, target Rs 2248: Siddharth Sedani
We expect slippages from the corporate book to shrink as the bank increases its exposure to higher-rated corporate bodies. Thus, we model a gross-NPA ratio of 0.97 percent in FY20.
BUSINESS
Buy Apollo Tyres, target Rs 340: Siddharth Sedani
We expect earnings to come at Rs. 1390 Cr, leading to an EPS of Rs 24.3 in FY20 and maintain a buy.
BUSINESS
Buy Sundram Fasteners, target Rs 760: Siddharth Sedani
The company is significantly adding capacity and has incurred Rs 200 – 300 crore capex in FY18.
BUSINESS
HT Media rises 3%, to invest Rs 400 cr in subsidiary company
The company approved the proposal to invest an amount up to Rs 400 crore in its wholly-owned subsidiary company HT Music and Entertainment Company.
BUSINESS
Only buyers in Goldstone Infratech as company launches new electric feeder bus
The company announced the launch as well as export of its full electric feeder bus eBuzz KG, the 1st bus in this category to be manufactured in India.
BUSINESS
KDDL locked at 5% upper circuit; board to consider fund raising on June 11
There were pending buy orders of 75 shares, with no sellers available.
TRENDS
Russian President Vladimir Putin responds to his shirtless photo-ops
Defending his shirtless picture, Putin wittily said, “You know, I have seen 'photos' of me riding a bear. I have not ridden a bear yet, but there are such photos already.”
BUSINESS
Lemon Tree Hotels gains 2% as company licenses property in Gwalior
Carnation Hotel, the hotel management arm of the company will be operating and marketing this hotel.
INDIA
Bombay HC asks media not to use the word ‘Dalit’ in news reports
Earlier this year, the NDA government had asked all central and state offices to not use the word 'Dalit' as it does not find mention in the Constitution or any statute
BUSINESS
Future Group to deliver milk directly to homes; fruits and vegetables grocery will soon be added to cart
The group plans to dot the country with around 10,000 Easyday stores
TECHNOLOGY
The reason why Elon Musk's Tesla Motors will never make motorcycles
After a motorcycle road mishap at 17, Musk decided to stay away from two-wheelers.
BUSINESS
Global brokerages see another rate hike in 2018; ICICI Bank, IndusInd Bank among top buy ideas
The RBI's Monetary Policy Committee hiked the key rate for the first time in over four years by 0.25 percent to curb inflationary pressures from high oil prices.
TECHNOLOGY
Unihertz brings a tiny compact smartphone Atom with a fingerprint scanner
Unihertz Atom is a tiny phone that comes with a 2.45-inch display and operates on Android Oreo.
INDIA
CBI files case against National Defence Academy principal, conducts raids in Pune
Charges have been filed due to alleged irregularities in the appointment of 13 ineligible teaching staff members
