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Monday, September 30, 2019

Stocks to watch: Auto cos, Bharti Airtel, RIL, Tata Comm, CG Power, BPCL

Here's a look at the top stocks that may remain in focus today.

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Gel-like fluid designed to prevent wildfires

Scientists and engineers worked with state and local agencies to develop and test a long-lasting, environmentally benign fire-retarding material. If used on high-risk areas, the simple, affordable treatment could dramatically cut the number of fires that occur each year.

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Curbing diesel emission could reduce big city mortality rate

US cities could see a decline in mortality rates and an improved economy through midcentury if federal and local governments maintain stringent air pollution policies and diminish concentrations of diesel freight truck exhaust, according to new research.

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Amazon festival sale: Best deals on Samsung, Xiaomi and other budget phones

The Amazon Great Indian Festival sale started on September 29 and will continue until October 4

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Why do credit rating agencies keep missing big Indian company defaults?

India's major rating firms include Crisil, the Indian unit of S&P Global; ICRA, the local unit of Moody's Investors Service

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Why do credit rating agencies keep missing big Indian company defaults?

India's major rating firms include Crisil, the Indian unit of S&P Global; ICRA, the local unit of Moody's Investors Service

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No need to cut down red and processed meat, study says

Contrary to previous advice, five new systematic reviews suggest that most people can continue to eat red and processed meat as they do now. The major studies have found cutting back has little impact on health.

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YES Bank stock falls 15% as investors worry over HDIL, DHFL exposure

According to a report, YES Bank had an exposure of Rs 3,700 crore to DHFL - which has also defaulted on its loans

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Indian banks are most vulnerable in Asia-Pacific economies, says Moody's

Banks in India risk seeing their capital severely depleted if there is a rise in corporate defaults, warned global rating agency Moody's

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Top stock recommendations by Anand Rathi: Buy Divis Labs, Godfrey Phillips

Stock calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers

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MARKET LIVE: SGX Nifty suggests flat start for benchmark indices

Catch all the live market updates here

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Single investor buying RCom would be preferred: Resolution professional

The AGM saw shareholders expressing disappointment on how their wealth got eroded because of the firm going bankrupt

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Skin-cells-turned-to-heart-cells help unravel genetic underpinnings of cardiac function

A small genetic study identified a protein linked to many genetic variants that affect heart function. Researchers are expanding the model to other organ systems and at larger scales to create a broader understanding of genes and proteins involved.

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Simple cardiac risk score can predict problems with blood flow in the brain

The study shows that for those participants who do not have a history of heart disease or stroke that a simple cardiac risk score -- a summary measure of factors such as blood pressure, diabetes, smoking, abdominal fat, and dietary factors -- is associated with MRI-detected pre-clinical cerebrovascular disease like carotid artery plaque and silent strokes.

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Can a land bank be the solution to India's huge shadow bank crisis?

India's banks are rapidly losing faith in the shadow financiers that lend to property builders

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Mumbai police file FIR in PMC Bank fraud case; ED may initiate probe soon

Police to set up SIT team, hire forensic auditor

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BPCL to SCI, group of secretaries clears strategic stake sale in five PSUs

The sale may fetch over Rs 60,000 crore

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Best of BS Opinion: RBI monetary policy, PM Modi's visit to US, and more

What is the contribution of infrastructure in changing the way labour moves and businesses function? Alokananda Chakraborty sums up the views

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Rising outstanding debt of states challenging, says Reserve Bank report

For 2019-20, states have budgeted a consolidated GFD of 2.6% of the GDP

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Huge cash withdrawals seen at crisis-hit PMC Bank ahead of RBI clampdown

RBI put a slew of restrictions in the bank, such as limiting withdrawals to initially at Rs 1,000, which was later increased to Rs 10,000

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Economic slowdown: Pace of retail credit offtake falls to 15.6%

The economy grew by just 5% in first quarter ended June 2019

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Petronet-Tellurian deal: Is LNG risky for India? Explained in 5 charts

Based on industry estimates, this LNG could cost upwards of $5 per million metric British thermal unit (mmBtu).

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India sees highest rains in 25 years, retreat unlikely before mid-October

Till Sept 30 this year, India received 968.3 millimeters of rainfall as against a normal of 880.6 millimeters

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Indiabulls Group shares tumble; Indiabulls Housing tanks 38%

Indiabulls Housing Finance saw its sharpest intra-day fall since listing, plunging 38 per cent to Rs 240, also its 52-week low on the BSE. The trading volumes on the counter jumped four-fold

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Samsung Galaxy Fold coming to India on October 1: Specs, features, and more

The Galaxy Fold is a new category of smartphones with a 7.3-inch dymanic AMOLED foldable screen

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FPIs withdraw $3 billion in September quarter from equity markets

Despite the 3 per cent gain in September 2019, the FPI sell-off during the quarter has seen the benchmark indices register negative returns in Q3CY19

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Sunday, September 29, 2019

Samsung Galaxy Fold coming to India on October 1: Specs, features, and more

The Galaxy Fold is a new category of smartphones with a 7.3-inch dymanic AMOLED foldable screen

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Lakshmi Vilas Bank under pressure as RBI initiates PCA, IBHFL tanks 14%

Both LVB and Indiabulls Housing Finance are proposed to merge. Last month, IBHFL said it expects the regulator to take a decision on its merger plan with Lakshmi Vilas Bank in the next two months.

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Rate cuts fail to cheer bond market worried about Modi govt's borrowing

All eyes are now on the government's financing plans for the fiscal second half due today, with traders concerned that the authorities could increase bond sales beyond the Rs 2.68 trillion set earlier

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IDBI Bank declines 4% after Board approves 19.18% stake sale in APCIL

Earlier this month, the Union cabinet had approved capital infusion worth over Rs 9,000 crore into the bank.

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Rate cuts fail to cheer bond market worried about Modi govt's borrowing

All eyes are now on the government's financing plans for the fiscal second half due today, with traders concerned that the authorities could increase bond sales beyond the Rs 2.68 trillion set earlier

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Indian Railways plans separate pricing mechanism for steel rails

Indian Railways had in 2018-19 procured 100,000 tonnes of rails from Jindal Steel & Power (JSPL), the first from the private sector in at least three decades

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Forever 21 files for bankruptcy, will shutter most stores in Asia, Europe

Forever 21 has obtained $275 million in financing from lenders with JPMorgan Chase & Co. as agent, as well as $75 million in new capital from TPG Sixth Street Partners and its affiliated funds

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India's fight against anaemia picks up pace, but states need to do more

Anaemia occurs when the concentration of haemoglobin in blood decreases. With oxygen not reaching all organs and tissues of the body, the person is more prone to infections

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Rupee opens 14 paise higher at 70.42 against US dollar

The domestic unit on Friday spurted by 32 paise to close at a nearly two-month high of 70.56.

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India's fight against anaemia picks up pace, but states need to do more

Anaemia occurs when the concentration of haemoglobin in blood decreases. With oxygen not reaching all organs and tissues of the body, the person is more prone to infections

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Stocks to watch: Cipla, Bandhan Bank, LVB, IBHFL, DHFL, Reliance Nippon

Here's a look at the top stocks that may remain in focus today -

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Nifty outlook and stock pick by Angel Broking: Buy SBI Life, Sudarshan Chem

Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd.

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Market outlook and top two trading ideas by Prabhudas Lilladher

Support for the week is seen at 38,230/11,320 for Sensex and Nifty, respectively, while resistance is seen at 39,400/11,700.

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Top stock picks by CapitalVia: Buy Adani Green Energy, Torrent Pharma

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

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MARKET LIVE: SGX Nifty suggests flat start for benchmark indices

Catch all the live market updates here

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Elon Musk outlines plans for vehicle he expects to take humans to Mars

The goal is to make "space travel like air travel", Musk said, during a highly technical presentation from the company's Boca Chica test site near Brownsville, Texas

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JSPL aims to reduce net debt to below Rs 30,000 cr level in next two years

JSPL chairman Naveen Jindal disclosed his plans at the company's 40th AGM in Hisar on September 27, 2019

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Why the festival season may not bring much cheer despite tax cuts by govt

Car sales in August fell the most on record and Maruti Suzuki India Ltd

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Why the festival season may not bring much cheer despite tax cuts by govt

Car sales in August fell the most on record and Maruti Suzuki India Ltd

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Samsung Galaxy A50s review: Great looks and design, performs well too

Priced at Rs 24,999 for the 6GB 128GB version, it is a considerable offering in the mid-range segment. However, it faces tough competition from rivals

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Govt may seek Rs 30,000 crore interim dividend from RBI, says report

Last fiscal, the RBI paid Rs 28,000 crore as interim dividend

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Govt may seek Rs 30,000 crore interim dividend from RBI, says report

Last fiscal, the RBI paid Rs 28,000 crore as interim dividend

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Govt bans onion exports as prices remain high due to seasonal shortage

The government said exports will be prohibited with immediate effect

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Govt bans onion exports as prices remain high due to seasonal shortage

The government said exports will be prohibited with immediate effect

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Consumer durable firms expect double-digit growth during festive season

Leading consumer durable maker Samsung, is expecting double-digit growth in TV panel market, during this festive season sales

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Consumer durable firms expect double-digit growth during festive season

Leading consumer durable maker Samsung, is expecting double-digit growth in TV panel market, during this festive season sales

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Millennials using ride-hailing service would mean more demand for cars: JLR

JLR chief executive Ralf Speth responding to a query on how the so-called trend of millennials not buying new vehicles and instead going for ride hailing services is affecting the auto industry

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Saudi Arabia to invest $100 billion in India, eyes long-term partnership

Vision 2030 of Crown Prince Mohammed bin Salman will also result in significant expansion of trade and business between India and Saudi Arabia

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Saudi Arabia to invest $100 billion in India, eyes long-term partnership

Vision 2030 of Crown Prince Mohammed bin Salman will also result in significant expansion of trade and business between India and Saudi Arabia

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Scrappage policy may bring in stricter norms for pre-2005 built vehicles

A committee of secretaries (CoS) recommended to the ministry redesigning of the scheme

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COAI wants telcos to discuss issue of interconnect usage charges reasonably

The IUC was originally proposed to be made nil from January 1, 2020. But Trai is now reviewing the timeline

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E-cigarettes banned to prevent youth from new way of intoxication: PM Modi

He also said there are several misconceptions being spread about use of e cigarettes, including the one which says that it is not harmful for health

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Privatisation plan of BPCL will need a prior nod of Parliament: Officials

India has a total refining capacity of 249.4 million tonnes of refining capacity and 65,554 petrol pumps and 24,026 LPG distributors

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Saturday, September 28, 2019

HDFC keen to contribute to govt's Rs 20,000 cr realty fund: Deepak Parekh

"This fund, in which the government will put in Rs 10,000 crore and a similar amount will come in from public and private sector institutions, is a path-breaking move"

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HDFC keen to contribute to govt's Rs 20,000 cr realty fund: Deepak Parekh

"This fund, in which the government will put in Rs 10,000 crore and a similar amount will come in from public and private sector institutions, is a path-breaking move"

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COAI wants telcos to discuss issue of interconnect usage charges reasonably

The IUC was originally proposed to be made nil from January 1, 2020. But Trai is now reviewing the timeline

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Govt plans to constitute working group on proposed new industrial policy

The DPIIT had initiated the process of formulation of a new industrial policy in May 2017

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Priyanka hits out at UP govt, says administration protecting Chinmayanand

A post graduate student from Shahjahanpurhas accused Chinmayanand of rape

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Foreign investors pour in Rs 7,714 cr into domestic capital markets in Sept

Prior to this, foreign investors had pulled out a net Rs 5,920.02 crore in August

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When Modi govt is seen borrowing more, rate cuts fail to boost bonds

The concerns persist even after an assurance from a government official that the borrowing plan remains unchanged

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When Modi govt is seen borrowing more, rate cuts fail to boost bonds

The concerns persist even after an assurance from a government official that the borrowing plan remains unchanged

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Donald Trump to supporters: 'Our country is at stake like never before'

'They're trying to stop me because I'm fighting for you', said Trump

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Respect towards India increased significantly since 2014, says PM Modi

"The main reason is because of the 130 crore Indians who elected a strong government," the prime minister said

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Samsung Galaxy A50s review: Great looks and design, performs well too

Priced at Rs 24,999 for the 6GB + 128GB version, it is a considerable offering in the mid-range segment. However, it faces tough competition from rivals

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Samsung Galaxy M30s review: The phone's USP lies in its massive battery

It's an ideal phone for handling excruciating hours of streaming, gaming, camera and the usual social media use.

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Samsung Galaxy M30s review: The phone's USP lies in its massive battery

It's an ideal phone for handling excruciating hours of streaming, gaming, camera and the usual social media use.

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3 ultras eliminated, Army jawan killed in ongoing gunfight in J&K's Ramban

The militants were encircled by the search parties inside a house in the main market after they managed their escape from the scene of the earlier encounter in the highway town in Ramban district

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L&T builds coast guard ship 'Varaha', its 51st offshore patrol vessel

During the coming weeks, Larsen and Toubro said the fifth OPV Varad which was launched was getting ready for taking up sea trials

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Govt asks PSUs to clear vendor dues by Oct 15 to boost spending, growth

Finance Secretary Rajiv Kumar said 34 central PSUs have already spent Rs 48,077 crore till August and have detailed spending of another Rs 50,159 crore till December 2019

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SC sets up Constitution bench to hear pleas against Article 370 abrogation

From the beginning of next month, the bench will commence hearing to examine the constitutional validity of the scrapping of the article's provisions

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Glenmark Pharma shareholders approve raising $200 mn via debt securities

The proposal was approved at the company's annual general meeting held on September 27

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Trump's impeachment inquiry sets house along path with no clear map

Pelosi, the House speaker, must still settle internal divisions over the scope of the inquiry

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Slowdown hits Durga Puja budget, sponsorships for large pandals down 20-50%

Smaller clubs forced to curtail budgets, scale down celebrations

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Militant killed in encounter with security forces in J-K's Ganderbal

An encounter broke out between militants and security forces in the Trumkhal area, in the upper reaches of Ganderbal this morning

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Omaxe gets nod to raise Rs 500 cr, dividend for public shareholders

The company said the real estate sector is passing through challenging times

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Hong Kong braces for mass protests over weekend ahead of China National Day

A series of pro- and anti-Beijing protests is planned ahead of the 70th anniversary of the People's Republic of China on Tuesday

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RBI initiates PCA against LVB over high net NPAs, insufficient CRAR

PCA was initiated after an on-site inspection, under the risk based supervision, carried out for the year ended March 31, 2019

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Friday, September 27, 2019

PM concludes US visit, thanks Trump, US for exceptional hospitality

Modi also mentioned his 'excellent' bilateral meetings with international leaders and the roundtable with American industry leaders

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Go and invest in Pakistan: Rakesh Jhunjunwala tells British investor

The remark came as a retort to repeated questioning by a London-based investor at the World Hindu Economic Forum on the rising joblessness in India

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Go and invest in Pakistan: Rakesh Jhunjunwala tells British investor

The remark came as a retort to repeated questioning by a London-based investor at the World Hindu Economic Forum on the rising joblessness in India

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Asia's $640 billion bad-loan pile lures global investors, says Deloitte

China continues to dominate the region's soured loans, with a total of $295 billion held by Asian banks, while India is the second largest at about $160 billion

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Won't forget Howdy Modi event, says PM, thanks US for 'exceptional welcome'

Modi said 'Wherever I went, whoever I met, be it world leaders, industrialists or citizens from all walks of life, there is a great spirit of optimism towards India'

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India hits out at Imran Khan, says threat of nuclear war 'brinkmanship'

India exercised its right of reply to the statement made by Khan later on Friday and fielded its newest diplomat at its mission at the UN to fend off the allegations made by Pakistan Prime Minister

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Best of BS Opinion: The importance of exports, the power of youth activists

Here's a selection of Business Standard opinion pieces for the day

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World Hindu Economic Forum looks to attract investments, boost prosperity

The World Hindu Economic Forum has earlier been organised in London, Chicago, Losa Angeles, Hong Kong, and Nairobi

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Trade war: Trump considers delisting Chinese firms from US markets

Major US stock indexes slipped on the news, which came days before China celebrates the 70th anniversary of the birth of the People's Republic on October 1

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Thursday, September 26, 2019

Researchers uncover molecular changes associated with treating lymphatic filariasis

The Global Program to Eliminate Lymphatic Filariasis delivers mass drug administration to 500 million people each year, and adverse events are common following treatment. Now, researchers have reported that certain changes in gene expression are associated with these adverse events.

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Human kidney map charts our growing immune defense

The first cell atlas of the human kidney's immune system has been created after scientists mapped nearly 70,000 individual kidney cells from early life and adults. Researchers generated the atlas and used it to map immune cells in the kidney. This shows for the first time how the kidney's immune system develops during early life, and strengthens after birth and as we mature into adults, with implications for tackling kidney disease and transplant rejection.

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Logistics stocks rally in trade; Snowman Logistics hits 52-week high

Snowman Logistics, Allcargo Logistics, Aegis Logistics, VRL Logistics, Gateway Distriparks and Gati rallied up to 9 per cent on the BSE in intra-day trade today.

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Jumping the gap may make electronics faster

A quasi-particle that travels along the interface of a metal and dielectric material may be the solution to problems caused by shrinking electronic components, according to an international team of engineers.

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Scientists finally find superconductivity in place they have been looking for decades

Scientists prove a well-known model of material behavior applies to high-temperature superconductors, giving them a new tool for understanding how these materials conduct electricity with no loss. Simulations suggest we might be able to toggle superconductivity on and off in certain materials by tweaking their chemistry so electrons hop from atom to atom in a particular pattern - as if hopping to the atom diagonally across the street rather than to the one next door.

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YES Bank hits fresh 6-year low on nearly 2% stake sale by promoter

YES Capital, part of the promoter group of YES Bank, sold 1.8 per cent shareholding in the bank for around Rs 240 crore.

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For Wall Street, China's financial markets are bigger than the trade war

However, there are still significant hurdles in setting up shop in China

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Rupee opens 8 paise lower against US dollar amid drop in oil prices

The domestic unit on Thursday strengthened by 16 paise to close at 70.88.

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Top 10 biz headlines: LPG crisis, Sitharaman on liquidity issue, and more

From India bracing for an LPG crisis to Sitharaman commenting on liquidity issue, here are the top 10 business headlines on Friday

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Stocks to watch: YES Bank, Phoenix Mills, ICICI Lombard, Coffee Day, NBFCs

Here's a look at the top stocks that may remain in focus today.

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Rana Kapoor's family sells another 1.8% in YES Bank; stock falls 4.9%

YES Capital sold 46.5 million shares at Rs 51.94 apiece

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Vikram had hard landing; NASA releases images of Chandrayaan 2 landing site

Vikram was scheduled to touch down on September. 7. This event was India's first attempt at a soft landing on the Moon

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MARKET LIVE: SGX Nifty suggests a negative start for benchmark indices

Catch all the live market updates here

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Commodity outlook by Tradebulls Securities: Buy Crude oil, Nickel

Commodity outlook and stock recommendation by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls Securities

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Top stock recommendations by Anand Rathi: Buy Voltas, Reliance Ind, Concor

Trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers

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Derivatives strategy by HDFC Securities: Buy Oct Future for Reliance Ind

Derivative call by Nandish Shah, Senior Technical & Derivative Analyst, HDFC Securities

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Today's picks: From Wipro to Tata Steel, hot stocks to watch on Friday

Hot stocks to lookout for today: Wipro, IOC, Tata Steel

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Best of BS Opinion: Educated unemployed mark India's looming crisis

Here's a selection of Business Standard opinion pieces for the day

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Huawei Technologies founder dangles 5G secrets to create a US foe

Huawei, accused by Donald Trump's administration of aiding Beijing in spying while spearheading China's tech-superpower ambitions, is trying to claw back business and shore up trust in its products

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Whistleblower says White House sought to lock down call records

Complaint, inspector general letter released ahead of hearing

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Indian economy loses Rs 1.17 trillion due to smuggling, says study

The study measures the impact of smuggling in five areas - textiles, tobacco products, readymade garments, capital goods, and consumer electronics - taking into consideration their backward and forwar

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Reserve Bank officers have Rs 105 crore fixed deposit in PMC Bank

The RBI has said the depositors of the PMC bank would not be allowed to withdraw more than Rs 1,000 from a savings account, current account, or any other deposit account for six months

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E-commerce firms expect 60% increase in business this Diwali season

The estimate is in sharp contrast to the prevailing economic scenario in the country, with every other industry blaming slowdown for affecting businesses

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Wednesday, September 25, 2019

IITs may allow weaker students to opt out in 3 years with a BSc degree

If approved, the IITs will implement the suggestion from the current academic year

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How corporation tax cut has made rupee carry trade more lucrative

Going long on the rupee with borrowed dollars offered the best returns in the past month in Asia

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YES Bank hits 6-yr low despite being 'on course' to raise growth capital

The stock has declined 9 per cent in the past two trading days and was trading at its lowest level since September 5, 2013, when it hit a low of Rs 49.50 in the intra-day deal.

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Delhiites staying on rent will now get free electricity up to 200 units

The announcement comes ahead of the Delhi assembly election, which is scheduled to take place early next year

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Rupee opens 7 paise higher at 70.97 against US dollar

The domestic unit on Wednesday dipped three paise to close at 71.04 amid rising demand for the greenback vis-a-vis other currencies overseas, even as crude oil prices eased.

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Top 10 biz headlines: Modi lures investors, IRCTC's IPO, and more

From PM Modi urging investors to come to India and invest to LIC's stake in private sector dropping to 16-year-low, here are the top 10 business headlines on Thursday

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Stocks to watch: CG Power, YES Bank, Sterlite Tech, NTPC, GSK Pharma, ZEEL

Here's a look at the top stocks that may remain in focus today -

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How corporation tax cut has made rupee carry trade more lucrative

Going long on the rupee with borrowed dollars offered the best returns in the past month in Asia

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Two stocks that Sacchitanand Uttekar of Tradebulls Securities is bullish on

Nifty outlook and top trading ideas by Sacchitanand Uttekar, AVP - Technical (Equity)

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Nifty Outlook and trading ideas by CapitalVia: Buy Tech Mahindra, HCL Tech

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

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Today's picks: From Infosys to YES Bank, hot stocks to watch on Thursday

Hot stocks to lookout for today: Infosys, YES Bank, Coal India

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BNP sees second-order boost on corporate tax cut, tweaks stock picks

The surprise tax rate cut came after economic growth in the April-June quarter slumped to its lowest level in six years, hitting the nation's smaller stocks the hardest

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Sebi eases norms for registration of FPIs, junks 'broad-basing' criteria

The erstwhile three categories of FPIs have been merged into two

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MARKET LIVE: SGX Nifty suggests positive start for benchmark indices

Catch all the live market updates here

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India's animal spirits are hushed as consumer demand remains subdued

Economic growth showed little signs of a recovery from a six-year-low

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India's animal spirits are hushed as consumer demand remains subdued

Economic growth showed little signs of a recovery from a six-year-low

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Saudis defer LPG flow: India scrambles to meet peak festive season demand

India, the world's second-largest LPG importer, gets about half of its requirements from foreign suppliers

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Saudis defer LPG flow: India scrambles to meet peak festive season demand

India, the world's second-largest LPG importer, gets about half of its requirements from foreign suppliers

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Best of BS Opinion: Protecting social media users, checking regulators

Here's a selection of Business Standard opinion pieces for the day

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Amazon India claims top spot in mobile phone sales ahead of festive season

Amazon is a key strategic partner for Apple as well as OnePlus

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Mutual funds grant more time to Essel Group for repayment of loan

The fund houses had an outstanding of over Rs 11,000 crore from Essel Group

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Govt plans to set up body to regulate medical devices sector

The proposed body will be separate from the Central Drugs Control Standard Organisation, which will continue to be the regulator for drugs

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Private sector's share in LIC's portfolio plunges to 16-year low

Public sector's share in portfolio stands at third-highest level since liberalisation

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Ford to transfer struggling India business to joint venture with Mahindra

Mahindra, one of India's largest automakers, will own 51 per cent of the new entity

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Ford to transfer struggling India business to joint venture with Mahindra

Mahindra, one of India's largest automakers, will own 51 per cent of the new entity

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Injurious to health: How American doctors uncovered the vaping crisis

Health authorities and physicians suspect the illness is an inflammation or injury caused by chemical exposure to the lungs

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Kaveri Seed jumps 5% after board approves share buyback plan

The board approved the buyback plan of 2.8 million equity shares at Rs 700 per share.

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ADB paints gloomy picture; cuts India FY20 GDP growth forecast to 6.5%

Abrupt declines in manufacturing and investment reflect uncertainty ahead of general elections, subdued lending by banks and other financial institutions, ADB said.

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Tuesday, September 24, 2019

Chinese labour market is changing and its not because of the trade war

President Trump says US tariffs have thrown millions out of work, but Western economists point to relative stability amid a shift to service jobs as the two sides prepare to resume talks

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Happy Diwali ahead for Noida home buyers: Builders can give possession soon

Rules state that if RERA does not issue possession certificate or raises concerns, the builders can start giving possession to buyers

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Balrampur Chini trades near 2-year high in weak mkt; soars 58% in six weeks

The stock of the sweetener company was trading at its highest level since November 2017. In the past six weeks, it has soared 58 per cent from a level of Rs 110.

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14 out of 25 private sugar mills in Tamil Nadu not to start operations

Officials said sugarcane planting area had come down drastically in the state leading to poor capacity utilisation

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Xiaomi Redmi 8A India launch at 12 PM: Livestream, expected specs, features

The Xiaomi Redmi 8A is said to boast a bigger capacity battery, USB type-C charging and data transfer port, and a new aura grip design

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Finally, Apple iPad gets its own iPadOS: Compatible devices and what's new

The iPadOS brings desktop-like browsing experience, improved file manager, enhanced multitasking capabilities, redesigned user interface, etc

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Auto major Maruti Suzuki slashes prices of select car models by Rs 5000

The new prices will be applicable from September 25, 2019, across the country

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Finally, Apple iPad gets its own iPadOS: Compatible devices and what's new

The iPadOS brings desktop-like browsing experience, improved file manager, enhanced multitasking capabilities, redesigned user interface, etc

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Auto major Maruti Suzuki slashes prices of select car models by Rs 5000

The new prices will be applicable from September 25, 2019, across the country

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US-China trade tensions to dampen Asia's growth prospects, says ADB

ADB also slashed its growth estimate for India to 6.5 per cent from 7 per cent

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Top 10 biz headlines: US-India trade deal, merger of insurers, and more

From US-India coming close to a trade deal to govt planning to merge three public insurers, here are the top 10 business headlines for Wednesday

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IndiaMART InterMESH hits fresh high, zooms 103% against issue price

The market price of IndiaMART InterMESH has appreciated 103 per cent against its issue price of Rs 973 per share

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ADB paints gloomy picture; cuts India FY20 GDP growth forecast to 6.5%

Abrupt declines in manufacturing and investment reflect uncertainty ahead of general elections, subdued lending by banks and other financial institutions, ADB said.

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From HDFC Bank to ITC: Shopping list of brokerages post corporation tax cut

While they acknowledge a possible rise in the fiscal deficit as a result of this measure, they do suggest investors who with a long-term investment horizon use the opportunity to buy

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From HDFC Bank to ITC: Shopping list of brokerages post corporation tax cut

While they acknowledge a possible rise in the fiscal deficit as a result of this measure, they do suggest investors who with a long-term investment horizon use the opportunity to buy

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SpiceJet mulls buying 100 Airbus jets after Boeing 737 MAX fallout

The Max has been grounded worldwide since March after a pair of crashes killed 346 people

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Stocks to watch: DLF, Titan, DHFL, SpiceJet, Morepen Labs, Indiabulls Hsg

Here's a look at the top stocks that may remain in focus today.

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SpiceJet mulls buying 100 Airbus jets after Boeing 737 MAX fallout

The Max has been grounded worldwide since March after a pair of crashes killed 346 people

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Monday, September 23, 2019

Rupee opens 16 paise higher against US dollar

The domestic unit on Monday recovered from day's low levels to close flat at 70.94 helped by foreign fund inflows into equities and lower global crude oil prices.

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India's Rs 1.45 trillion tax-cut boost may keep borrowing costs high

While the central bank has cut rates four times this year, banks have been reluctant to fully pass on Asia's most aggressive easing amid a surge in bad loans

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India's Rs 1.45 trillion tax-cut boost may keep borrowing costs high

While the central bank has cut rates four times this year, banks have been reluctant to fully pass on Asia's most aggressive easing amid a surge in bad loans

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NRIs can now apply for Aadhaar card on arrival without 182-day wait

NRIs with Indian passport can now apply for biometric ID on arrival or by scheduling a prior appointment

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Reliance Nippon Life AMC to side-pocket NCDs of Reliance Capital

Reliance Equity Hybrid Fund's exposure to RCap's NCDs stood at Rs 34.6 crore (at face value), while Reliance Equity Savings Fund's exposure to the NCDs stood at Rs 95.7 crore

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Stocks to watch: Aurobindo Pharma, RIL, Apollo Pipes, Phoenix Mills, ZEEL

Here's a look at the top stocks that may remain in focus today.

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Asus ROG Phone II launched; starting price Rs 37,999: Specs, other details

The Asus ROG Phone II goes on sale as a special offering during the Flipkart's upcoming Big Billion Days festive-season sale

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Vivo U10 India launch today at 12 PM: Livestream, specifications, and more

The ViVo U10 will go on sale as a special in Amazon's upcoming Great Indian festive season sale

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Depression and binge-drinking more common among military partners

New research suggests that depression and binge-drinking are more common among the female partners of UK military personnel than among comparable women outside the military community.

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Here's the kind of data hackers get about you from hospitals

New research has uncovered the specific data leaked through hospital breaches, sounding alarm bells for nearly 170 million people.

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Uncovering hidden intelligence of collectives

Scientists discover that information processing in animal groups occurs not only in the brains of animals but also in their social network.

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Scientists enlist tiny biomagnets for faster drug discovery

A new platform brings together CRISPR genome editing with magnetic cell sorting to reveal new drug targets for cancer and regenerative medicine.

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Numbers limit how accurately digital computers model chaos

Digital computers use numbers based on flawed representations of real numbers, which may lead to inaccuracies when simulating the motion of molecules, weather systems and fluids, find scientists.

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Here's the kind of data hackers get about you from hospitals

New research has uncovered the specific data leaked through hospital breaches, sounding alarm bells for nearly 170 million people.

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Scientists enlist tiny biomagnets for faster drug discovery

A new platform brings together CRISPR genome editing with magnetic cell sorting to reveal new drug targets for cancer and regenerative medicine.

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MARKET LIVE: SGX Nifty suggests positive start for benchmark indices

Catch all the live market updates here

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Climate change is real: How it is becoming a nighmare for central banks

Climate change was a warning shot that took time to echo in policy-making corridors

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Today's picks: From BPCL to Cipla, hot stocks to watch on Tuesday

Nifty, Bank Nifty, BPCL, Cipla, Infy

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Debenture trustee sells Rs 200 crore of Zee Entertainment shares

The share sale comes at a time when Essel group is trying to get an extension from mutual funds (MFs) and other lenders to clear its dues

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Excess surcharge paid by FPIs to be adjusted in future tax payments

The higher tax paid would depend on the quantum of individual FPIs' selling during the past two months and the gains realised

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Best of BS opinion: Testing the impact of tax cut, definition of employment

Here's a selection of Business Standard opinion pieces for the day

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Uber ex-CEO Travis Kalanick grabs slice of India's cloud kitchen arena

Cloud kitchens, much like cloud computing services, have become a popular business model for food-delivery providers

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Google Assistant will listen to your conversations again, but ask first

Alphabet's Google paused all human review of assistant audio in July after a Dutch contractor leaked some clips to a journalist, who was then able to identify specific people on the recordings

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Sunday, September 22, 2019

Petrol nears Rs 74 a litre in national capital, govt denies supply crunch

It may be noted that oil prices surged more than 15 per cent to their highest level in nearly four months after an attack on Saudi Arabia's oil facilities

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Reliance Capital dips 9%, hits over 20-year low on ratings downgrade

Reliance Capital said the delay in payments -- the reason of rating downgrade -- was due to technical glitch in bank servers

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As Thomas Cook goes bankrupt, thousands are left stranded across the world

It currently has 600,000 people abroad, forcing governments and insurance companies to coordinate a huge rescue operation

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Here's what India can learn about tax cuts from the American experience

Finance Minister Nirmala Sitharaman is betting that local firms will pass on the corporate tax cuts to customers in the form of lower prices to stimulate demand

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Hotel stocks up on GST rate cut; Royal Orchid, Lemon Tree soar up to 16%

The GST rate on hotel rooms with tariffs of up to Rs 7,500 per night has been cut to 12 per cent from the existing 18 per cent.

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Tax rate cut: Brokerages rejig index targets; Chris Wood ups India exposure

Besides Wood, Nomura, too, has revised its Nifty50 target for March 2020 to 12,545 on the back of a potential 7 per cent earnings increase in FY20/21

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Sonia Gandhi, ex-PM Manmohan Singh visit Tihar jail to meet P Chidambaram

Chidambaram has been lodged in the Tihar Jail since September 5

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A 10% jump for India Inc earnings after Modi govt cut taxes, say analysts

The surprise reduction in corporate tax drove a 5.3 per cent surge in the S&P BSE Sensex Index to 38,014.62 on Friday, its biggest gain since May 2009

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Petronet to invest $2.5 bn in Houston's Tellurian Inc for 5 mn tonnes gas

The agreement also includes PLL making investment in the equity of $28 billion Driftwood project in Louisiana to secure the LNG

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Some WeWork board members trying to oust CEO Adam Neumann: Report

WeWork declined to comment on the report and SoftBank was not immediately available for a comment outside business hours

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Stocks to watch: Thomas Cook (India), Dr Reddy's, Petronet LNG, IRB Infra

Here's a look at the top stocks that may remain in focus today -

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A 10% jump for India Inc earnings after Modi govt cut taxes, say analysts

The surprise reduction in corporate tax drove a 5.3 per cent surge in the S&P BSE Sensex Index to 38,014.62 on Friday, its biggest gain since May 2009

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178-yr-old company, Thomas Cook files for bankruptcy as bailout talks fail

In the space of little more than a year, Thomas Cook's business outlook degenerated from concern about the sales impact of a freak north European heatwave to a full-on fight for survival

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Asus ROG Phone II India launch today: Livestream, specifications, features

The Asus ROG Phone II will be the first smartphone in India powered by Qualcomm's flagship Snapdragon 855+ system-on-chip. Here is a look at the phone's key features and specifications

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Asus ROG Phone II India launch today: Livestream, specifications, features

The Asus ROG Phone II will be the first smartphone in India powered by Qualcomm's flagship Snapdragon 855 system-on-chip. Here is a look at the phone's key features and specifications

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Nifty view and top trading ideas by CapitalVia: Buy Cadila Healthcare, IGL

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

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Nifty view and stock recommendation by Prabhudas Lilladher: Buy Bata, L&T

Here is the weekly technical view on Nifty and stock recommendation by Prabhudas Lilladher

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MARKET LIVE: SGX Nifty suggests positive start for benchmark indices

Catch all the live market updates here

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Best of BS Opinion: The case against loan melas, the lesson in bank merger

Here's a selection of Business Standard opinion pieces for the day

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Houston: Modi endorses Trump to Indian Americans ahead of 2020 US Prez race

Indians form about a fifth of 20 million Asian Americans and are often more educated and earn more than other immigrant groups

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Govt may invite foreign firms to set up rail-making units in India

The government is likely to ask for an Expression of Interest from global companies

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Petronet to invest $2.5 bn in Houston's Tellurian Inc for 5 mn tonnes gas

The agreement also includes PLL making investment in the equity of $28 billion Driftwood project in Louisiana to secure the LNG

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via IFTTT

Dr Reddy's halts worldwide supply of Ranitidine drug after probe by USFDA

Ranitidine is an Over-The-Counter (OTC) and prescription drug which decreases the amount of acid created by the stomach

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Haldia Petrochemicals to form committee to probe industrial fire

HPL has already shut down its plants to extinguish the fire completely and the flow of naphtha has been cut

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Onion shoots up to Rs 70-80 per kg; Centre considers imposing stock limits

Onion prices are on the rise despite several measures taken by the central government to boost supply

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RCap's $13-bn debt at risk on default rating, revives India's credit scare

The default rating is set to exacerbate a yearlong credit crunch among India's shadow lenders, which started with the collapse of IL&FS Group last year

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RCap's $13-bn debt at risk on default rating, revives India's credit scare

The default rating is set to exacerbate a yearlong credit crunch among India's shadow lenders, which started with the collapse of IL&FS Group last year

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Govt to tweak antidumping, subsidy rules to strengthen domestic industry

The changes in the rules of antidumping, countervailing or anti-subsidy and safeguard have been approved by the commerce ministry and will soon be notified by the revenue department, the official said

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Trump to deliver 30-minute speech: What to expect from 'Howdy, Modi'

He is also expected to be present in the audience during Prime Minister Narendra Modi's address

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Saturday, September 21, 2019

PM Modi meets energy sector CEOs in US, discusses investment opportunities

PM also witnessed the signing of MoU between US natural gas company Tellurian Inc. and Petronet LNG of India after

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Banking, FMCG to gain from tax cut; pharma, IT to remain untouched: Report

Giving a sectoral analysis of the impact of tax cut, ICICI Direct Research said domestic auto equipment makers will tend to benefit from the tax cut

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PM Modi meets energy sector CEOs in US, discusses investment opportunities

PM also witnessed the signing of MoU between US natural gas company Tellurian Inc. and Petronet LNG of India after

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Banking, FMCG to gain from tax cut; pharma, IT to remain untouched: Report

Giving a sectoral analysis of the impact of tax cut, ICICI Direct Research said domestic auto equipment makers will tend to benefit from the tax cut

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FPIs withdraw Rs 4,193 crore from capital markets in September so far

Foreign portfolio investors withdrew a net amount of Rs 5,577.99 crore from equities while infusing Rs 1,384.81 crore into the debt segment

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In biggest recruitment drive, Railways hires over 10,500 personnel in RPF

Out of the 1,120 sub-inspectors recruited, 819 are men and 301 women

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361 infra projects show cost overruns of over Rs 3.77 trillion, says report

The average time overrun in these 496 delayed projects is 36.98 months

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361 infra projects show cost overruns of over Rs 3.77 trillion, says report

The average time overrun in these 496 delayed projects is 36.98 months

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Govt had a chance to strengthen the economy five years back: H M Desarda

The amount coming from toll tax is also not more than Rs 7,000 crore, he noted

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Google honours mountaineer Junko Tabei with doodle on her 80th birthday

Apart from the mountains, the doodle also shows a moving animated cartoon representing Tabei

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Govt had a chance to strengthen the economy five years back: H M Desarda

The amount coming from toll tax is also not more than Rs 7,000 crore, he noted

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'Howdy Houston', says PM Modi as he arrives in energy capital

The prime minister was received at the airport by India's Ambassador to the US, Harsh Vardhan Shringla

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Babri Masjid case: CBI court issues summons to former UP CM Kalyan Singh

All the accused are on bail in the case, which is being conducted on a day-to-day basis, on the directions of the apex court

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Petronet signs MoU with US natural gas firm Tellurian in PM Modi's presence

Tellurian and Petronet will endeavour to finalise the transaction agreements by March 31, 2020

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Petronet signs MoU with US natural gas firm Tellurian in PM Modi's presence

Tellurian and Petronet will endeavour to finalise the transaction agreements by March 31, 2020

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PM Modi's meeting with CEOs from energy sector 'fruitful': MEA

The prime minister is scheduled to address over 50,000 Indian-Americans at the "Howdy, Modi" event on Sunday, in which he will be joined by US President Donald Trump

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PM Modi's meeting with CEOs from energy sector 'fruitful': MEA

The prime minister is scheduled to address over 50,000 Indian-Americans at the "Howdy, Modi" event on Sunday, in which he will be joined by US President Donald Trump

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Kuwait has food for 8 months, says report as tensions rise after oil attack

Yemen's Houthi group claimed responsibility for the attacks but a US official said they originated from southwestern Iran

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Utkarsh Small Finance Bank aims at Rs 500-600 cr IPO by Dec 2020

Prospectus and other necessary documents likely to be filed with Sebi by next April, firm has till April 2021 to get listed

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Social media firms can't avoid liability for damage caused by fake news: HC

Freedom of speech comes with responsibility, it said

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Haldia Petrochemicals shuts down plant after fire leaves 15 injured

The fire broke out at the company's Haldia plant in West Bengal on Friday, leaving at least 15 people injured

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'Gully Boy' is India's official entry to 92nd Academy Awards

The film had its world premiere earlier this year at the Berlin International Film Festival

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After 'Howdy Modi,' Trump and PM could sign limited trade deal: Report

The deal under discussion with India would lower some tariffs on US produce and restore preferential treatment for some Indian exports to the United States, sources said

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No connection with UK operator, our business is intact: Thomas Cook India

Thomas Cook India is a completely different entity post acquisition by Fairfax in 2012, UK operator hold no stake in the firm in India, says chairman

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No connection with UK operator, our business is intact: Thomas Cook India

Thomas Cook India is a completely different entity post acquisition by Fairfax in 2012, UK operator hold no stake in the firm in India, says chairman

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Elections in Maharashtra, Haryana to be held on Oct 21; counting on Oct 24

The date for the polls in the two states was announced by the Election Commission (EC) on Saturday

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Maruti Suzuki to launch mini SUV S-Presso ahead of festive season

Maruti Suzuki India (MSI) on Saturday said it will launch mini SUV S-Presso later this month, coinciding with the start of the festive season. The company said the indigenously conceived, designed and developed vehicle is made for India as well as the world. "Our internal research suggests that the criteria of buying a car for the youth, apart from affordability, acquisition cost and maintenance, now also include design and aesthetics," MSI Executive Director (Marketing & Sales) Shashank Srivastava said in a statement. With S-Presso, the company will offer a premium, feature-rich car that will disrupt the entry car segment in the country, he added. MSI Senior Executive Director (Engineering) C V Raman said the company has always developed new segments and cars to match the changing needs, tastes and lifestyles of customers. "Designed in-house by Maruti Suzuki, S-PRESSO marks a big shift in the way compact cars are created and crafted in India. Its design language is inspired from

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GST rate cut in diamond job work to free up Rs 1,500 cr working capital

Move is likely to encourage polishing units to upscale manufacturing

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Global funds draw India plans as Blackstone REIT soars 35% since debut

India can raise $25 billion through REITs over the next three years listing around 150 million square feet of rent-yielding office properties, according to Anarock

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Rs 5,580 cr cane dues: UP files FIRs against Bajaj Hindusthan, Modi Group

Police cases against nine mills filed; recovery certificates issued against some units, which allows district administration to seize movable and immovable properties

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Tax cut gives PM Modi the perfect pitch to win American investments

The cropped tax rates are the latest in a series of steps announced by the government

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With no GST cut, auto sector must find own balance to boost demand: SIAM

The GST Council did not cut tax rates on automobiles. The industry had been demanding a GST rate cut from the current 28 per cent to 18 per cent in order to revive sales

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Tax cut gives PM Modi the perfect pitch to win American investments

The cropped tax rates are the latest in a series of steps announced by the government

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RBI tightens norms for banks, up penalties for failed ATM transactions

The financial compensation should be done suo motu by the bank, without waiting for a complaint or a claim by a customer, the RBI said

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Assembly polls: Maharashtra, Haryana to vote on Oct 21; counting on Oct 24

During the briefing, CEC Sunil Arora reassured all stakeholders about the quality of EVMs

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Friday, September 20, 2019

EC to announce dates of assembly elections in Maharashtra, Haryana today

The poll panel has convened a press conference this noon

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NRAI refuses to support the launch of Zomato Gold on food delivery

NRAI said extension of Gold to delivery would be 'suicidal' for the vertical

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US corporate sector hails India's move to cut income tax rate for companies

This is a welcome step to reverse the economic slowdown

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Saudi drone attack: Where are we a week on and what happens next?

The attack could affect flows of both crude oil and refined products, as Saudi Arabia cuts deliveries to its own processing plants

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States need to jack up growth, India is not in 5% trajectory: Debroy

Asserts there is significant volatility in India's GDP growth, citing examples of rate being less than 5% in one quarter, and going up to 7% in the very next quarter

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Thursday, September 19, 2019

FM Nirmala Sitharaman announces cut in corporation tax rate: Six highlights

The finance minister announced a slew of measures to boost the slowing Indian economy

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Govt cuts corporation tax to 25.17% for domestic firms; Sensex up 1200 pts

Sitharaman said the revenue foregone on reduction in corporate tax and other relief measures will be Rs 1.45 trillion annually

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FM Nirmala Sitharaman announces cut in corporation tax rate: Six highlights

The finance minister announced a slew of measures to boost the slowing Indian economy

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Essel Group shares tumble; ZEE tanks 12%, Dish TV hits over 10-year low

Investors' sentiment dented after reports suggested that the court order could impact the group's future monetisation plans in Zee Entertainment.

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Apple Watch 4, Watch 5 get ECG app, irregular rhythm notification in India

Available with an update to watchOS 6 on Apple Watch Series 4 and later, the ECG app and irregular heart rhythm notification feature will help users identify signs of AFib

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Astral Poly Technik tanks 17% after 2.6% equity changes hands in block deal

Thus far in the calendar year 2019, Astral Poly Technik has outperformed the market by surging 27 per cent, as compared to a marginal 0.07 per cent rise in the S&P BSE Sensex till Thursday.

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Live: Before GST meet, Sitharaman may announce fresh measures for economy

Press Conference Live updates: Before GST council meet, Nirmala Sitharaman may announce fresh measures to boost the Indian economy, Small and Medium Enterprise (MSME), exports and housing

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Live: Before GST meet, Sitharaman may announce fresh measures for economy

Press Conference Live updates: Before GST council meet, Nirmala Sitharaman may announce fresh measures to boost the Indian economy, Small and Medium Enterprise (MSME), exports and housing

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Top 10 business headlines: Loan 'melas', GST Council meeting, and more

From crucial GST meeting to PSBs holding public meeting for loans, here are the top news headlines on Friday

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Stocks to watch: YES Bank, Axis Bank, PSBs, autos, ZEE, Adani Group cos

Here's a look at the top stocks that may trade actively in today's trading session.

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Aberdeen bullish on Indian stocks; says India is a haven from trade war

The view may be an outlier as International money managers have sold $4.7 billion of the nation's shares since June

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Emulating China: India seeks to adopt facial recognition system for police

The government says the move is designed to help one of the world's most understaffed police forces, which has one officer for every 724 citizens

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Emulating China: India seeks to adopt facial recognition system for police

The government says the move is designed to help one of the world's most understaffed police forces, which has one officer for every 724 citizens

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Here's a derivative strategy from HDFC Securities for IndusInd Bank

Views on derivative call by Nandish Shah, Senior Technical & Derivative Analyst, HDFC securities.

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MARKET LIVE: GST Council meeting, oil prices, global cues top factors today

Catch all the live updates of the stock market here

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Best of BS opinion: Working towards a sane society will bring prosperity

Here's a selection of Business Standard opinion pieces for the day

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Banks can set their own policies regarding concurrent audits, says RBI

Earlier, the central bank used to formulate rules for concurrent audits, which are done to shorten the interval between a transaction and its audit

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RCom resolution professional seeks status quo on spectrum licences

The tribunal has asked the DoT to file its reply to the petition by September 24, after which the RP can file a rejoinder to DoT's reply by September 27. The matter will be heard next on September 30

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Hindi second-most used 'Assistant' language globally, says Google

Google, which has been working on supporting Indic languages across its products like Search, Lens and others on its platform, said it will make Google Assistant available in Hindi on all Android TVs

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INX Media case: Chidambaram to remain in Tihar jail till October 3

Special CBI court says no change in circumstances, former union minister allowed pillow, chair

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Researchers alter mouse gut microbiomes by feeding good bacteria their preferred fibers

Humans choose food based on the way it looks, smells, and tastes. But the microbes in our guts use a different classification system -- one that is based on the molecular components that make up different fibers. Investigators found particular components of dietary fiber that encourage growth and metabolic action of beneficial microbes in the mouse gut.

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Alcohol-producing gut bacteria could cause liver damage even in people who don't drink

Non-alcoholic fatty liver disease (NAFLD) is the build-up of fat in the liver due to factors other than alcohol, but its cause remains unknown. Now, researchers have linked NAFLD to gut bacteria that produce a large amount of alcohol in the body, finding these bacteria in over 60% of NAFLD patients. Their findings could help develop a screening method for early diagnosis and treatment of non-alcoholic fatty liver.

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Cash may be king in India, but Google is prince of mobile payments

The company has one of its fastest-growing hits ever with Google Pay, a two-year-old app that millions of consumers are using to spend and transfer tens of billions of dollars

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Wednesday, September 18, 2019

Top 10 biz headlines: Advance tax collection, Bakshi's deal, and more

From advance tax collection showing dismal growth to NCLT refusing to entertain RCom's bid, here are the top 10 business headlines for Thursday

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Stocks to watch: Axis Bank, IIFL Wealth, Zee Group, Indian Bank, steel cos

Here's a look at the top stocks that may remain in focus today -

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Govt plans to reduce stake in MMTC to 75%; STC, PEC may shut down

MMTC saw annual profit after taxes rise to Rs 81.43 crore in 2018-19, from Rs 48.84 crore in the year before, whereas with massive overheads, STC and PEC have both reported losses

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CG Power case: Look out circular issued against ex-chairman Gautam Thapar

The case could be referred to the Serious Fraud Investigation Office (SFIO) if the preliminary inspection report points to a fraud and gaping holes in the books of the firm

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Want an iPhone 11? You can pre-order on Amazon, Flipkart from September 20

The iPhone 11-series includes three smartphones; the iPhone 11, the iPhone 11 Pro and the iPhone 11 Pro Max. All three phones will go on sale in India from September 27

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FMCG stares at worst slump in revenue growth in 15 years: Report

According to the report, the slowdown had been brewing since 2016 but was intensified further by several disruptions in the past two years including demonetisation

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US Fed cuts interest rate for the second time in a row: Top 4 highlights

Moderate economic activity, weak business fixed investment and exports, and global uncertainties promoted the Fed to lower the key interest rates, a second since the recession of 2008

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US Fed cuts interest rate for the second time in a row: Top 4 highlights

Moderate economic activity, weak business fixed investment and exports, and global uncertainties promoted the Fed to lower the key interest rates, a second since the recession of 2008

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Want an iPhone 11? You can pre-order on Amazon, Flipkart from September 20

The iPhone 11-series includes three smartphones; the iPhone 11, the iPhone 11 Pro and the iPhone 11 Pro Max. All three phones will go on sale in India from September 27

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Best of BS Opinion: India's FTAs, misuse of agriculture credit and more

Here's a selection of Business Standard opinion pieces for the day

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Nifty outlook and trading ideas by CapitalVia: Buy HUL, Nestle India

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

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MARKET LIVE: SGX Nifty suggests flat start for benchmark indices

Catch all the live market updates here

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Don't fall for GCPL's valuation, wait for good growth outlook: Analysts

Though the stock currently trades at its five-year historical average, investors should await improvement in growth prospects, say analysts

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Icra sees FY20 steel demand growth shrinking to 5-6% from 7.9% in FY19

Industry's total debt/OPBITDA seen at 4.5 times in FY20 vs 3.5 times in FY19

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ASG Eye Hospitals raises Rs 308 cr from Foundation Holdings

The 14-year-old company runs 33 hospitals in 13 states in the country. Details on the valuation were not immediately clear

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From components to working: All you need to know about e-cigarettes

Hundreds of varieties of vape juice (with and without nicotine) and e-cigarettes are there in the market, mostly imported from China

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Air India privatisation: Sitharaman meets Puri ahead of first GoM meeting

Officials from finance and civil aviation ministries have been discussing this key issue for a while now

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Imaging reveals new results from landmark stem cell trial for stroke

Researchers reported today that bone marrow cells used to treat ischemic stroke in an expanded Phase I trial were not only safe and feasible, but also resulted in enhanced recovery compared to a matched historical control group.

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Child's gluten intake during infancy, rather than mother's during pregnancy, linked to increased risk of developing type 1 diabetes

New research shows that a child's intake of gluten at age 18 months is associated with a 46% increased risk of developing type 1 diabetes for each extra 10g of gluten consumed.

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When is a child an adult?

When does childhood end? That's the question international researchers are asking as they chart age cut-offs for paediatric services around the world. Previous research has found that global health systems do not meet adolescents' needs, yet pediatricians are well placed to provide age-appropriate care to adolescents -- especially if they are trained in adolescent medicine.

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Despite growing burden of diet-related disease, medical education does not equip students to provide high quality nutritional care to patients

Worldwide, nutrition is insufficiently incorporated into medical education, meaning that medical students lack the confidence, skills and knowledge to provide nutritional care to patients, according to a systematic review.

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New tool in fight against malaria

Modifying a class of molecules originally developed to treat the skin disease psoriasis could lead to a new malaria drug that is effective against malaria parasites resistant to currently available drugs.

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'Tunabot: First robotic fish to keep pace with tuna

Mechanical engineers have created the first robotic fish proven to mimic the speed and movements of live yellowfin tuna.

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Tuesday, September 17, 2019

S&P revises Glenmark outlook to 'negative' on weak operating performance

Glenmark's capex for the first quarter of fiscal 2020 was Rs 190 crore, in line with its guidance

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Samsung Galaxy M30s with 6,000mAh battery, 48MP camera to launch at 12 noon

Powered by a 6,000 mAh battery, the Samsung Galaxy M30s would be a significant upgrade over the first-generation model, the Galaxy M30, which was launched earlier this year

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Hotel Leelaventure, TAJGVK, Lemon Tree rally up to 15% on GST rate cut hope

Hotel Leela and TAJGVK Hotels were up 15 per cent and 11 per cent, respectively, while Royal Orchid Hotels, Oriental Hotels, EIH and Lemon Tree were up in the range of 3 to 5 per cent.

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Bajaj Finance gains 3% as board approves raising Rs 8,500 crore via QIP

The approval, it said, is subject to shareholders' nod to be sought through a postal ballot.

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Rupee opens 28 paise higher against US dollar as crude oil price eases

The domestic unit on Tuesday weakened by another 18 paise to settle at 71.78 against the US dollar as investors fretted over higher crude oil prices.

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GST Council unlikely to back tax cuts for automobile sector: Reports

A govt study has said the total annual revenue loss could be as much as Rs 50,000 cr, if the panel decided to lower tax rates for the auto sector to 18% from 28%

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Top 10 biz headlines: GST rates for 5-star hotels, oil crisis, and more

From rationalising GST rates for 5-star hotels to FDI in coal mining, here are the top 10 business headlines on Wednesday

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Auto stocks, Bajaj Finance, Suntech Realty, oil-linked firms to watch today

Here's a look at the top stocks that may remain in focus today.

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Huawei to soon launch Kirin 990 chipset-powered 5G-ready devices in India

According to the company, the 5G version of the chip will be available in India with the upcoming line up of Huawei smartphones

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Hero Electronix to invest Rs 150-200 cr, forays into consumer space

Hero Electronix on Tuesday said it plans to invest Rs 150-200 crore over the next few years primarily in its new consumer tech brand 'Qubo' that will offer a portfolio of AI-powered connected smart devices. The company, which is part of the Hero Group, has launched a voice-controlled smart indoor camera and smart sensors (for doors, gas leakage and smoke) under the 'Qubo' brand. "We want to take Qubo to a million homes in the next 3-5 years. We have been at the forefront of engineering technology and services for enterprise with Tessolve, Mybox, and Zenatix. We see a great opportunity in the consumer space for building products that can meaningfully impact our lives," Hero Electronix Founder Director Ujjwal Munjal told PTI. He added that the company has already invested close to Rs 350 crore in the company across these brands and plans to invest another Rs 150-200 crore over the next couple of years. "We have spent about two years in R&D of these products focussing on consumer ...

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Best of BS Opinion: New revenue information, economic slowdown, and more

Here's a selection of Business Standard opinion pieces for the day

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Oil extends losses after Saudi Arabia to restore output by end-September

Brent crude oil futures fell 36 cents, or 0.6 per cent, to $64.19 a barrel, after tumbling 6.5 per cent the previous session.

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MARKET LIVE: SGX Nifty suggests positive start for benchmark indices

Catch all the live market updates here

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Nifty view and trading ideas by HDFC Securities: Buy Britannia, Finolex Ind

Here are the technical recommendations by Vinay Rajani, Technical & Derivatives Analyst, HDFC Securities.

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As companies struggle to get going, is Vietnam throwing away trade war win?

More and more businesses are complaining about congested ports and roads, rocketing costs for land and labor, and regulations that aren't being loosened fast enough

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Cabinet likely to consider ordinance to ban electronic cigarettes today

The Prohibition of E-cigarettes Ordinance, 2019, has been examined by a Group of Ministers (GoM) following directions from the Prime Minister's Office

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More space on monetary side than fiscal for boosting growth: Sanjeev Sanyal

Economic growth hit over six-year low of 5% for the first quarter ended June 2019 mainly driven by demand slowdown

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No slowdown, auto sector making hue and cry to get package from govt: CAIT

Citing an example of new vehicle launches, CAIT said companies have received huge number of bookings, which do not reflect any slowdown in the sector

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NDDB, Amul oppose dairy import talks with New Zealand and Australia

This comes prior to an important meeting between the commerce ministry and dairy sector entities

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Slowdown dampens consumer confidence; may impact festive buying: Survey

Majority of the consumers are planning to spend less than a reasonable amount by October: Survey

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Electronic nose can sniff out which lung cancer patients will respond to immunotherapy

An electronic nose that detects chemicals in the breath of lung cancer patients can identify with 85% accuracy those who will or will not respond to immunotherapy, according to new research.

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Microbiome may be involved in mechanisms related to muscle strength in older adults

New study suggests the gut microbiome has a role in mechanisms related to muscle strength in older adults. Researchers found differences in bacterial profiles of older adults with high and low physical function, bacterial and strength differences in mice colonized with fecal samples from the adults.

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Electronic nose can sniff out which lung cancer patients will respond to immunotherapy

An electronic nose that detects chemicals in the breath of lung cancer patients can identify with 85% accuracy those who will or will not respond to immunotherapy, according to new research.

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Monday, September 16, 2019

R Ramamoorthy appointed chairman and managing director of Cognizant India

Ramamoorthy, who has been with the company for more than 21 years, played a leading role in developing many of the company's India-based portfolios

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Rupee continues to slide, opens 22 paise lower against US dollar

The domestic unit on Monday plunged 68 paise to 71.60 against the US dollar amid concerns over soaring crude prices following drone attacks on Saudi Arabia's oil facilities.

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'Soft tactile logic' tech distributes decision-making throughout stretchable material

Inspired by octopuses, researchers have developed a structure that senses, computes and responds without any centralized processing -- creating a device that is not quite a robot and not quite a computer, but has characteristics of both. The new technology holds promise for use in a variety of applications, from soft robotics to prosthetic devices.

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Stocks to watch: MMTC, STC, CG Power, TCS, NBCC, Coffee Day, oil-linked cos

Here's a look at the top stocks that may remain in focus today.

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OnePlus 7T, OnePlus TV India launch on September 26: Here is what to expect

The OnePlus 7T Pro is also expected to be announced at the OnePlus launch event on September 26

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Top 10 biz headlines: LIC equity takes hit, rising crude prices, and more

From LIC equity kitty taking a hit to crude oil prices rising due to shortage in supply, here are the top 10 business headlines on Tuesday

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Best of BS opinion: Labour supply expands, US-China trade war, and more

Here's a selection of Business Standard opinion pieces for the day

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OnePlus 7T, OnePlus TV India launch on September 26: Here is what to expect

The OnePlus 7T Pro is also expected to be announced at the OnePlus launch event on September 26

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With Rs 178 as minimum wage, new Wage Code will push migrants into poverty

The landmark Code on Wages, which was passed on August 2, 2019, will have many consequences for the lives and livelihoods of millions of India's migrant workers who

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With Rs 178 as minimum wage, new Wage Code will push migrants into poverty

The landmark Code on Wages, which was passed on August 2, 2019, will have many consequences for the lives and livelihoods of millions of India's migrant workers who

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Which country can boost crude supply to offset the attack on Saudi Arabia?

The attacks cut Saudi production by 5.7 million barrels a day and officials at state oil company Saudi Aramco have become less optimistic on the pace of output recovery

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NHAI to put existing highway projects under infrastructure investment trust

It is learnt that the National Highways Authority of India (NHAI) would prefer brown-field projects over greenfield contracts for InvIT

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Cash-strapped IL&FS Group puts nearly 494 acres of land parcel on block

IL&FS, through its group firms IL&FS Township and Urban Assets and IL&FS Engineering and Construction Company holds a total of 80 per cent equity stake in HCPL

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Govt asks Apple to export more from India, promises sops for company

Apple's manufacturing investment so far is only the "tip of the iceberg", IT Minister Ravi Shankar Prasad said

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MARKET LIVE: SGX Nifty suggests flat start for benchmark indices

Catch all the live market updates here

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Stock picks by Anand Rathi: Buy SPARC, Dish TV, Motilal Oswal Fin Services

Stock recommendation by Jay Anand Thakkar,CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers

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Explained: How the Saudi Aramco attack affects global oil supply

The attack on Saudi oil facilities on Saturday not only knocked out over half of the country's production, it also removed almost all the spare capacity available

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Scientists prove low cost arthritis drug can effectively treat blood cancer sufferers

A simple arthritis drug could be an effective, low cost solution to treat patients with blood cancers such as polycythemia vera (PV) and essential thrombocythemia (ET), a breakthrough study has shown.

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Govt exempts cash payments above Rs 1 crore via APMC from 2% TDS

The government also gave 15 percentage points additional depreciation rate to commercial vehicles, taking it to 45 per cent

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Virtual reality training could improve employee safety

A new study suggests employee safety could be improved through use of virtual reality (VR) in Health and Safety training, such as fire evacuation drills. Researchers developed an immersive VR system to stimulate participants' perception of temperature, and senses of smell, sight and hearing to explore how they behaved during two health and safety training scenarios.

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Virtual reality training could improve employee safety

A new study suggests employee safety could be improved through use of virtual reality (VR) in Health and Safety training, such as fire evacuation drills. Researchers developed an immersive VR system to stimulate participants' perception of temperature, and senses of smell, sight and hearing to explore how they behaved during two health and safety training scenarios.

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Brain-inspired computing could tackle big problems in a small way

While computers have become smaller and more powerful and supercomputers and parallel computing have become the standard, we are about to hit a wall in energy and miniaturization. Now, researchers have designed a 2D device that can provide more than yes-or-no answers and could be more brain-like than current computing architectures.

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Why is Earth so biologically diverse? Mountains hold the answer

Life on Earth is amazingly diverse, and exhibits striking geographical global patterns in biodiversity. A pair of companion papers reveal that mountain regions -- especially those in the tropics -- are hotspots of extraordinary and baffling richness. Although mountain regions cover only 25 percent of Earth's land area, they are home to more than 85 percent of the world's species of amphibians, birds, and mammals, and many of these are found only in mountains.

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Sunday, September 15, 2019

Saudi oil crisis may push domestic air fares up by 10-15% by month end

Fares may rise sooner if crude oil price remains elevated, say airlines

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Can Apple TV+ make a dent in Indian OTT with its aggressive pricing?

At Rs 99 a month, Apple TV+ looks like a real steal, but its growth here also depends on local content and distribution

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Old wine, new bottle: $7-bn exporter refund old plan with Rs 9,000 cr added

The new program will subsume existing export incentives, for which the government had already penciled in a revenue hit of Rs 41,000 crore in July

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Old wine, new bottle: $7-bn exporter refund old plan with Rs 9,000 cr added

The new program will subsume existing export incentives, for which the government had already penciled in a revenue hit of Rs 41,000 crore in July

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Colgate Palmolive rallies 6% in a weak market, trades near record high

In the past two months, post its June quarter (Q1FY20) results, Colgate Palmolive has outperformed the market by surging 17 per cent, as against a 5 per cent decline in the benchmark S&P BSE Sensex

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Motorola's Moto E6s with dual rear cameras to launch today; details here

The Moto E6s launch is crucial for the company, which is looking to resurrect its identity in the budget smartphone segment it once dominated

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Equitas Holdings tanks 17% as Sebi rejects draft scheme for Small Fin Bank

The market regulator advised the company to re-submit the same after ensuring compliance with the provisions mentioned in the Sebi circular.

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Oil-linked stocks slip as crude prices surge after Saudi oil disruption

West Texas Intermediate jumped 10.68 per cent to $60.71 and Brent climbed 11.77 per cent to $67.31 in early Asia trading

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Prabhat Dairy falls 10% on profit booking as board approves delisting plan

On September 5, the company had informed the bourses that it was mulling to voluntarily delist the equity shares of the company from stock exchanges.

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Production at Aramco cut by half after drone attack; oil prices up by 10%

Brent soared almost 20 per cent at one point on Monday, while WTI surged around 15 per cent before paring the gains

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Rupee tumbles 71 paise against US dollar in early trade as oil prices soar

The domestic unit on Friday marched higher for the seventh straight session to close at 70.92, up 22 paise.

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Iron ore prices may decline to $60 on weak Chinese demand, says JSW Steel

Iron ore has had a volatile year. It surged in the first half, triggered by supply disruptions in Brazil and Australia, and plunged in August as output recovered and global growth slowed

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Oil-linked stocks, realty stocks, SBI, and auto stocks to watch today

Here's a look at the top stocks that may remain in focus today -

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Saudi oil attacks raise spectre of oil at $100 per barrel, say analysts

Industry sources have said it may take weeks to bring production fully online

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Top 10 biz headlines: GST rate cut for Auto sector, Hyundai sales, and more

From Eveready's plan to sell battery business to Air India posting operational losses, here are the top business headlines for Monday

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Best of BS Opinion: No time to pause, let the best people do their job

Here's a selection of Business Standard opinion pieces for the day

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MARKET LIVE: SGX Nifty suggests negative start for benchmark indices

Catch all the live market updates here

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Top stock recommendations by Angel Broking: Buy Tata Steel, Bharat Forge

Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd.

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Nifty view and stock picks by CapitalVia: Buy Federal Bank, Hindustan Zinc

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

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Stock recommendation from Prabhudas Lilladher: Buy ICICI Bank, CEAT

Nifty view and stock recommendations by Vaishali Parekh of Prabhudas Lilladher

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Commodity picks: September 16, 2019

Prices at Deesa trade at Rs 5,680 per quintal and are expected to be firm in the week ahead

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Trump to join PM Modi in Indian-American event in Houston, says White House

More than 50,000 Indian-Americans from across the US have registered for the September 22 mega 'Howdy, Modi' event

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UK aviation watchdog prepares for possible Thomas Cook collapse

The Civil Aviation Authority is making contingency plans for the possibility of having to repatriate 'hundreds of thousands' of passengers stranded abroad

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Prestige Estates enters NCR property market; to invest Rs 500 cr in housing

In its last 32 years of operations, the Bengaluru-based Prestige Group has completed 236 real estate projects comprising nearly 125 million sq ft of developable area, mostly in south India

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Amazon strengthens play in furniture segment ahead of Diwali sale

Amazon said, it has seen its furniture business in the country grow by over 120 per cent over the last year.

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Adityanath govt plans Rs 1,000 cr start-up fund in self-employment boost

New start-up policy on anvil with focus on agro, energy sectors

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21 Indians killed in 2,050 ceasefire violations by Pakistan this year: MEA

India has repeatedly called upon Pakistan to ask its forces to adhere to 2003 ceasefire understanding and maintain peace and tranquillity along the Line of Control and International Border, MEA said

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Heavy consequences if Pak loses conventional war against India: Imran Khan

He said that it was in consideration to these consequences that Pakistan approached the United Nations and other international fora on the Kashmir issue

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Saudis race to fix oil supply after Aramco attack slashes output by half

State energy producer Saudi Aramco lost about 5.7 million barrels per day of output after 10 unmanned aerial vehicles struck the world's biggest crude-processing facility

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Maruti Suzuki's PV market share shrinks in Apr-Aug; Hyundai, Mahindra gain

Other players like Renault India, Skoda Auto, Volkswagen India saw their market shares increase marginally during April-August this year

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Maruti Suzuki's PV market share shrinks in Apr-Aug; Hyundai, Mahindra gain

Other players like Renault India, Skoda Auto, Volkswagen India saw their market shares increase marginally during April-August this year

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FPIs turn net buyers, infuse Rs 1,841 cr in first half of Sept

The latest inflows have been triggered by improving investor sentiment on the back of easing US-China trade war and supporting macroeconomic data, experts said

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Flea market reopens in Srinagar; normal life remains affected in Kashmir

Security forces were deployed along the axis to keep an eye on miscreants who might try to force vendors to wind up the stalls, the officials said

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FPIs turn net buyers, infuse Rs 1,841 cr in first half of Sept

The latest inflows have been triggered by improving investor sentiment on the back of easing US-China trade war and supporting macroeconomic data, experts said

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Govt considers measures to improve financial health of State Trading Corp

The measures, which are under consideration, include provision of adequate time for STC to repay bank loans and sale of immovable assets

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Tough time will pass: Gadkari urges industries not to lose heart

The Union Minister for Road Transport and MSMEs was speaking at a function to mark 65th foundation day of the Vidarbha Industries Association

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Whatsapp monitoring: FB moots 'prospective' solution, fails to appease govt

The issue of traceability has been a flashpoint between the government and WhatsApp

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Saturday, September 14, 2019

Whatsapp monitoring: FB moots 'prospective' solution, fails to appease govt

The issue of traceability has been a flashpoint between the government and WhatsApp

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Global regulators to question Facebook's Libra amid EU concerns: Report

Officials from 26 central banks, including the U.S. Federal Reserve and the Bank of England, will meet with representatives of Libra in Basel on Monday

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Six of 10 most valued cos add Rs 50,580 cr in m-cap; SBI, ICICI Bank lead

The market cap of TCS dropped Rs 21,125.9 crore to Rs 8,03,516.90 crore

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Reliance Industries, BP take over Niko's 10% stake in KG-D6 block

Reliance and BP split Niko's share in proportion to their existing shareholding in the block

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Reliance Industries, BP take over Niko's 10% stake in KG-D6 block

Reliance and BP split Niko's share in proportion to their existing shareholding in the block

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IPOs dry up: Only 11 hit bourses this year compared to 24 in 2018

In 2017, as many as 36 firms mopped-up a record amount of over Rs 68,000 crore through initial share-sales

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Omicron has cast a shadow of uncertainty on growth outlook: IndiGo CEO

However, the airline is stronger now when compared to situation in 2020 during the first wave of the pandemic, says Ronojoy Dutta from Com...