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Friday, January 31, 2020

Budget: Govt to launch campaign to eliminate TB by 2025, says Sitharaman

Presenting the Budget for 2020-21, Sitharaman proposed to expand Jan Aushadhi Kendras to all districts of the country to provide medicines at affordable rates

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Coronavirus: Another Air India plane to leave for Wuhan at 12:50 pm today

The first plane -- Air India's jumbo B747 aircraft carrying 211 students, 110 working professionals and three minors-- reached Delhi around 7.30 am

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Coronavirus: Another Air India plane to leave for Wuhan at 12:50 pm today

The first plane -- Air India's jumbo B747 aircraft carrying 211 students, 110 working professionals and three minors-- reached Delhi around 7.30 am

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Coronavirus: US declares health emergency, bans travelers from China

Sweeping new restrictions will also be imposed on American citizens, with those returning from the province at the disease's epicenter placed in facilities for mandatory 14-day quarantines

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JSW Steel upstages ArcelorMittal, Vedanta to win Nuagaon block

The block, currently held by merchant miner KJS Ahluwalia with deposits of 790 million tonnes of iron ore, is the first of 21 lapsing blocks to have been successfully auctioned

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Coronavirus: US declares health emergency, bans travelers from China

Sweeping new restrictions will also be imposed on American citizens, with those returning from the province at the disease's epicenter placed in facilities for mandatory 14-day quarantines

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Preparing for the next pandemic - and dealing with the current one

A new strain of virus is airborne. Veer Arjun Singh reports on the debate that follows the inevitable outbreaks

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Will Nirmala Sitharaman's Union Budget help make the 2020s India's decade?

PM Modi kicked off the "new decade" theme on Friday morning in his customary statement before the beginning of the Budget session.

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Budget 2020: PM Narendra Modi seems keen to move beyond gradual moves

On January 6, he held a series of meetings with Indian Inc, economists and experts on the Union Budget for 2020.

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Preparing for the next pandemic - and dealing with the current one

A new strain of virus is airborne. Veer Arjun Singh reports on the debate that follows the inevitable outbreaks

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Indian economy faced abrupt slowdown in 2019; it's not in recession: IMF MD

Kristalina Georgieva said India had undertaken some important reforms that over the longer term would be beneficial for the country, but they do have some short-term impact

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Budget 2020: Govt may increase spending on infra, offer tax incentives

In annual economic report, the government predicted that economic growth would pick up to 6.0% to 6.5% in the fiscal year beginning April 1

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FM Nirmala Sitharaman to present Budget 2020 in Parliament today

The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha

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Budget 2020: SBI chairman Rajnish Kumar expects higher infra spending

I am expecting that the budget will be on reviving economic growth, says SBi Chairman Rajnish Kumar

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Indian economy faced abrupt slowdown in 2019; it's not in recession: IMF MD

Kristalina Georgieva said India had undertaken some important reforms that over the longer term would be beneficial for the country, but they do have some short-term impact

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Thursday, January 30, 2020

Wipro slips over 2% after Abidali Neemuchwala steps down as MD and CEO

Neemuchwala is leaving due to "family commitments" and will continue to hold office until a successor is appointed, said Wipro in a regulatory filing.

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Amber Enterprises soars 9% on robust Q3 earnings; zooms 47% in January

The company's operating Ebitda more than doubled at Rs 52 crore in Q3, compared to Rs 26 crore logged in the same quarter last year.

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Britain all set to leave EU. What next for the country and its people?

Nothing will change for most people in Britain thanks to the transition period, which preserves the status quo until at least December 31, 2020

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New IBM CEO Arvind Krishna described as 'brilliant, right person to lead'

Krishna said IBM has such talented people and technology that we can bring together to help our clients solve their toughest problems

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ITC to announce Q3 results today; here's what to expect from FMCG major

Shares of ITC have underperformed the market by falling over 8.5 per cent during October-December period against 6 per cent rise in the Nifty.

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New IBM CEO Arvind Krishna described as 'brilliant, right person to lead'

Krishna said IBM has such talented people and technology that we can bring together to help our clients solve their toughest problems

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Jamia firing: Protesters detained; Oppn likely to protest in parliament

The attacker who may be a minor, was immediately detained after the incident

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Stocks to watch: Wipro, Tata Motors, SBI, HUL, ITC, Tech Mahindra, BEL

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

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Budget session 2020 LIVE updates: Economic Survey to be released today

Budget session 2020 LIVE updates: The Economic Survey is a detailed report card on the economic performance in the year

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Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

For Bajaj Auto, the RSI has shown a steep rise with a trend reversal and signaled a buy

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MARKET LIVE: SGX Nifty suggests a positive start for domestic indices

Catch all the live market updates here

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MARKET LIVE: SGX Nifty suggests a positive start for domestic indices

Catch all the live market updates here

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Abidali Neemuchwala quits as Wipro CEO and MD, cites 'family commitments'

"lt has been my honour and privilege to serve Wipro, a company with a rich legacy of almost 75 years," he said about his resignation

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Abidali Neemuchwala quits as Wipro CEO and MD, cites 'family commitments'

"lt has been my honour and privilege to serve Wipro, a company with a rich legacy of almost 75 years," he said about his resignation

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Govt messed up control mechanisms: B N Srikrishna on Data Protection Bill

Former Supreme Court judge and the prime architect of India's privacy bill, Justice B N Srikrishna, flayed the government for the changes made to the Personal Data Protection Bill

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'I am giving freedom': Man on Facebook minutes before Jamia firing

While the Facebook profile named the man as Rambhakt Gopal, police officials said they were yet to ascertain whether it was his real name

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Unilever likely put Lipton Tea on the block amid slowdown in demand

Unilever is following a consumer shift to coffee as a primary source of caffeine, with takeaway cafes proliferating from London to Beijing

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Abidali Neemuchwala quits as Wipro CEO and MD, cites 'family commitments'

"lt has been my honour and privilege to serve Wipro, a company with a rich legacy of almost 75 years," he said about his resignation

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Arvind Krishna named IBM CEO as company fights for cloud business spot

IBM is a late entrant to the business of cloud services, a segment now dominated by Amazon and Microsoft.

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Best of BS opinion: PSB reforms, India's energy policy, and more

When India loses respect in the comity of nations, it is because of a transient loss of the liberal spirit, Uddalok Bhattacharya sums up

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Arvind Krishna named IBM CEO as company fights for cloud business spot

IBM is a late entrant to the business of cloud services, a segment now dominated by Amazon and Microsoft.

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Missing link in rare inherited skin disease exposed

Hokkaido University scientists are getting closer to understanding how a rare hereditary disease impairs the skin's barrier function, which determines how well the skin is protected.

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How the human brain solves complex decision-making problems

A new study on meta reinforcement learning algorithms helps us understand how the human brain learns to adapt to complexity and uncertainty when learning and making decisions. A research team succeeded in discovering both a computational and neural mechanism for human meta reinforcement learning, opening up the possibility of porting key elements of human intelligence into artificial intelligence algorithms. This study provides a glimpse into how it might ultimately use computational models to reverse engineer human reinforcement learning.

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Wednesday, January 29, 2020

China coronavirus death toll rises to 170; confirmed cases soar to 7,711

Chinese President Xi Jinping called the coronavirus a "demon" which should be brought under control

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Bajaj Auto may report double-digit rise in profit, revenue growth in Q3

On the bourses, Bajaj Auto outperformed the benchmarks by surging 9.45 per cent in the October-December period as compared to the S&P BSE Sensex's 7.69 per cent gain

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Bajaj Auto may report double-digit rise in profit, revenue growth in Q3

On the bourses, Bajaj Auto outperformed the benchmarks by surging 9.45 per cent in the October-December period as compared to the S&P BSE Sensex's 7.69 per cent gain

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Coronavirus prompts India's top cotton trader to stop sales to China

Kotak Commodity Services will look for new buyers of cotton in countries such as Bangladesh, Indonesia, Taiwan and Vietnam to make up for any possible shortfall in sales to China

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Budget 2020: Markets brace for Rs 8-trillion gross borrowing in FY21

Bond traders say the market wouldn't be perturbed if the government is not able to keep the fiscal glide path in mind and overshoots its targets by 0.5 percentage points

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Investors place bets on roadbuilders in hope of boost in infra spending

Sitharaman outlined $1.5 trillion in infrastructure investment last month, of which federal and state govts will contribute at least 75%

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China coronavirus death toll rises to 170; confirmed cases soar to 7,711

Chinese President Xi Jinping called the coronavirus a "demon" which should be brought under control

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Bajaj Auto may report double-digit rise in profit, revenue growth in Q3

On the bourses, Bajaj Auto outperformed the benchmarks by surging 9.45 per cent in the October-December period as compared to the S&P BSE Sensex's 7.69 per cent gain

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US Fed keeps rates steady, flags 'uncertainties' from coronavirus outbreak

Central bank keeps key overnight lending rate remains at 1.50%-1.75%; chief says policy appropriate and not on preset course.

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Best of BS Opinion: Budget India needs, taxman's power under GST, and more

From why the Budget should be judged on delivering things like realism, fiscal prudence, fewer schemes and more governance to how the taxman has too much power under GST.

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Fears over rights of passenger loom after airlines ban Kunal Kamra

The move has raised fears that the govt can use the no-fly list to settle political scores, undermining freedom of citizens.

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Coronavirus: Air India, IndiGo join global peers to suspend China flights

The airlines saw a large number of cancellations impacting loads.

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Apple logs double-digit growth in India with aggressive pricing, strategy

2019 witnesses fastest rollout of new iPhones in India

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Ind-Ra expects states fiscal deficit to touch 3% of GDP in FY21

Ind-Ra's Devendra Pant said while bigger states are better placed to manage fiscal shocks, states which see fiscal deficit at 4% or more may see deterioration

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Facebook revenue grows 25% in Q4 as company warns of rising expenses

Facebook has been under fierce scrutiny worldwide in recent years over its privacy practices.

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Shareholders reject Rakesh Gangwal's special resolution at IndiGo's EGM

51.44% shareholders oppose proposal to relax rules on sale and purchase of share by promoters

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Shareholders reject Rakesh Gangwal's special resolution at IndiGo's EGM

51.44% shareholders oppose proposal to relax rules on sale and purchase of share by promoters

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Shareholders reject Rakesh Gangwal's special resolution at IndiGo's EGM

51.44% shareholders oppose proposal to relax rules on sale and purchase of share by promoters

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Designing a puncture-free tire

Some golf carts and lawnmowers have airless tires, but we still have long way to go before they are on every vehicle that comes off the assembly line. Aerospace engineers have developed an algorithm to find an optimal design for a puncture-free with both strength and elasticity needed for a comfortable, shock-free ride like conventional pneumatic tires.

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Monitoring intermediates in CO2 conversion to formate by metal catalyst

The production of formate from CO2 is considered an attractive strategy for the long-term storage of solar renewable energy in chemical form.

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Demand for drone delivery in e-retail is high, ability to meet that demand low

Consumers want what they want, and they want it now. Drone delivery has long been talked about as an option to satisfy consumer delivery demands, but how realistic is it? New research looks at how possible and desirable it is to use drones for delivery for e-retailers considering cost and effectiveness in certain population areas and in certain locations.

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Researchers discover how cellular senescence leads to neurodegeneration

Although a link has been established between chronic inflammation and neurodegenerative diseases, there have been many open questions regarding how cellular senescence, a process whereby cells that stop dividing under stress spew out a mix of inflammatory proteins, affects these pathologies. Researchers report that senescence in astrocytes, the most abundant cell type in the brain, leads to damaging ''excitotoxicity'' in cortical neurons that are involved in memory.

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Gut reaction: How immunity ramps up against incoming threats

A new study has revealed how the gut's protective mechanisms ramp up significantly with food intake, and at times of the day when mealtimes are anticipated based on regular eating habits. Researchers found that eating causes a hormone called VIP to kickstart the activity of immune cells in response to potentially incoming pathogens or 'bad' bacteria. The researchers also found that immunity increased at anticipated mealtimes indicating that maintaining regular eating patterns could be more important than previously thought.

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Tuesday, January 28, 2020

Tata Coffee hits 52-week high on strong December quarter results

The company reported a strong 61 per cent year-on-year (YoY) jump in its consolidated profit before exceptional items and tax (PBT) at Rs 53 crore in December quarter (Q3FY20).

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Coronavirus: Hong Kong stocks plunge at reopen even as Asia markets bounce

Among the worst-hit sectors on global trading floors are firms linked to travel and tourism, as big-spending Chinese tourists stay at home with Beijing clamping down on people's movement.

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Oil rises for second day as investors take stock of hit from coronavirus

Brent crude rose 33 cents, or 0.6%, to $59.84 a barrel by 0103 GMT, while US crude was up 31 cents, or 0.6%, at $53.79 a barrel.

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A $1.5 trillion and more wiped out: Coronavirus fallout across assets

Here's a look at how the major global asset classes have reacted so far

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Reduce tariffs and streamline taxes: Indo-US business groups to FM

In a series of recommendations ahead of the Union Budget 2020, USISPF urged Sitharaman to allow two per cent mandatory spend on CSR as a tax-deductible expense

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Stocks to watch: Bajaj Finance, Bajaj Finserv, Pidilite Ind, Trident, DHFL

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

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Weekly stock picks by Religare Broking: Buy Bata India, CONCOR

CONCOR has retraced considerably from its record high and reached closer to the support zone of the long-term moving average (200 EMA) on the daily chart

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Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

Castrol India has made a more or less higher bottom formation pattern on the daily chart and has bounced back with a positive candle to signal strength

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Technical calls from HDFC Securities: Buy Nippon Life, Max India

Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities

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MARKET LIVE: SGX Nifty suggests a green start for domestic indices

Catch all the live market updates here

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Coronavirus: China toll rises to 132; total number of infected near 6000

The White House is holding daily meetings on the outbreak and monitoring China-US flights as a likely source of infections, sources briefed on the matter told Reuters

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In a breakthrough, Australia researchers grow coronavirus from cell culture

The deadly coronavirus has claimed 132 lives and nearly 6,000 infection cases have been reported in China.

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Fund managers climb on AI bandwagon to tap new investors embracing equities

Fund houses are preparing for a future where passive investing, which has decimated fees for US managers, takes hold in the country

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In a breakthrough, Australia researchers grow coronavirus from cell culture

The deadly coronavirus has claimed 132 lives and nearly 6,000 infection cases have been reported in China.

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Reliance launches new road project to counter pushback against plastics

India, which uses about 14 million tonnes of plastic annually, lacks an organized system for management of plastic waste, leading to widespread littering

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Best of BS Opinion: Air India privatisation, identity politics, and more

Identity politics dressing up as state policy can be a thorn in the flesh. Uddalok Bhattacharya sums up

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LTCG removal, fiscal prudence: What brokerages want from FM this Budget?

Most domestic and foreign brokerages look forward to credible steps to prop-up growth

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Trump proposes Palestinian state with capital in eastern Jerusalem

Under Trump's proposed Middle East peace plan, the United States will recognize Israeli settlements on the occupied West Bank

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Coronavirus: China okays India request to airlift 250 nationals from Wuhan

Will have to undergo mandatory 14-day quarantine on arrival

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Indian armed forces can make Pakistan bite dust in 10 days: PM Modi

He also said the Citizenship Act was brought to correct "historical" injustices

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Declare education 'for profit': Educationists, private schools urge govt

It is an open secret that school owners make money - at times hand over fist - but maintain that they are not for profit

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Stand-up comedian Kunal Kamra banned from flying by IndiGo, Air India

Kunal Kamra allegedly heckled Goswami, the editor of Republic TV, on a Mumbai-Lucknow IndiGo plane on Tuesday

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Here's why Oxford University Press named 'Samvidhaan' as Hindi word of 2019

The Oxford Hindi Word of the Year is a word or expression that has attracted a great deal of attention and reflects the ethos, mood, or preoccupations of the past year.

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Monday, January 27, 2020

Aptech slips 4% on reports of Sebi probe against Rakesh Jhunjhunwala

Sebi is examining a time frame of February 2016 to September 2016 for irregular trades, which it suspects were done on the basis of insider information, reports said.

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HDFC gains 3% as Q3 PBT jumps 219% YoY on fair-value gain from Gruh Finance

For the quarter under review, the company received a fair value gain of Rs 9,020 crore from de-recognition of investment in Gruh Finance, which got merged with private sector lender Bandhan Bank.

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Limited expertise may hurt India's ability to contain coronavirus outbreak

Containing pandemics requires a multi-pronged approach: from mathematical analysis to the ability to rapidly develop drugs and vaccines.

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First coronavirus case confirmed in Germany: Bavarian health ministry

The ministry gave no further details on how the patient came to be infected but said he was in a "medically good state".

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New study debunks myth of Cahokia's Native American lost civilization

An archaeologist has dug up ancient human feces, among other demographic clues, to challenge the narrative around the legendary demise of Cahokia, North America's most iconic pre-Columbian metropolis.

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Study examines prostate cancer treatment decisions

A five-year follow-up study of more than 2,000 US men who received prostate cancer treatment is creating a road map for future patients regarding long-term bowel, bladder and sexual function in order to clarify expectations and enable men to make informed choices about care.

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Stocks to watch: HDFC, IndiGo, Maruti, DHFL, Mastek, Manappuram Finance

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

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Rakesh Jhunjhunwala under Sebi probe for insider trading in 2016: Reports

The billionaire investor is being probed for insider trading in education firm Aptech, according to reports

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Rakesh Jhunjhunwala under Sebi probe for insider trading in 2016: Reports

The billionaire investor is being probed for insider trading in education firm Aptech, according to reports

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Maruti Q3 preview: Analysts see healthy nos due to recovery in sales volume

analysts see double-digit growth in the company's top-line as well as the bottom-line

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Maruti Q3 preview: Analysts see healthy nos due to recovery in sales volume

analysts see double-digit growth in the company's top-line as well as the bottom-line

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MARKET LIVE: SGX Nifty indicates a lower opening for benchmark indices

Catch all the live market updates here

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MARKET LIVE: SGX Nifty indicates a lower opening for benchmark indices

Catch all the live market updates here

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ITI FPO subscribed 9% a day before close; firm plans to raise Rs 1,300 cr

The price band for the FP0 is Rs 72-Rs 77 per share

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Science at the interface: Bioinspired materials reveal useful properties

Researchers explore new materials with physical properties that can be custom-tailored to suit particular needs. The work is inspired by mechanisms in nature, where the complex three-dimensional structure of surrounding proteins influences the electrochemical properties of metals at their core.

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Rakesh Jhunjhunwala under Sebi probe for insider trading in 2016: Reports

The billionaire investor is being probed for insider trading in education firm Aptech, according to reports

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Maruti Q3 preview: Analysts see healthy nos due to recovery in sales volume

analysts see double-digit growth in the company's top-line as well as the bottom-line

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Death toll in coronavirus outbreak jumps to 106, nearly 1,300 new cases

The total number of confirmed cases is now more than 4,000 nationwide, says health commission.

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Best of BS Opinion: Trends in the new year, India's jobs crisis, and more

From all available indications, the year 2020 will mark a sharp break with the past five years. Uddalok Bhattacharya sums up

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All assets of the K K Modi group are up for sale, tweets Lalit Modi

The investment banker will have a mandate to sell the companies to the highest bidder, he added

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Budget 2020 Wishlist: Here are the key challenges for automobile sector

Like the last quarter, firms will focus across its value chain to ensure smooth transition to BS-VI

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Jindal Defence in JV with Brazil's Taurus Armas for making small arms

Initial investment of $5 million, production to start by September

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Google Pay leads UPIs in digital payments, Amazon Pay most favoured wallet

All the findings in this report are based on transactions held on the Razorpay platform from January 2018 to December 2019

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Sunday, January 26, 2020

Cement stocks gain up to 24% ahead of Budget 2020. Should you book profit?

All the major cement stocks are trading with breakouts, signaling higher levels in the coming sessions. Any boost in Budget may trigger another 10 per cent rise in a short span

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Cement stocks gain up to 24% ahead of Budget 2020. Should you book profit?

All the major cement stocks are trading with breakouts, signaling higher levels in the coming sessions. Any boost in Budget may trigger another 10 per cent rise in a short span

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HDFC dips 1% ahead of Q3 nos; analysts eye 20% YoY loan growth, weak NIM

Analysts expect the non-banking finance company (NBFC) to report healthy loan growth amid weak net interest income and weak margins.

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UltraTech Cement extends gain post Q3 results; stock hits over 7-month high

The company management said the signs of revival were visible in some markets during the latter part of the October-December quarter.

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Metal shares decline as coronavirus fears intensify; JSW Steel falls 5%

Tata Steel and Jindal Steel and Power (JSPL) dipped more than 3 per cent on the . Vedanta, Hindalco Industries, Steel Authority of India (SAIL), Moil and NMDC were down in the range of 2%-3%

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Amazon workers criticise company on climate change despite risk to jobs

Amazon, which relies on fossil fuels to power the planes, trucks and vans that ship packages all over the world, has an enormous carbon footprint.

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Play safe with PSU stocks ahead of Budget despite divestment trigger

Among the stocks that comprise the index, seven have recorded negative returns during the fiscal

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Amazon workers criticise company on climate change despite risk to jobs

Amazon, which relies on fossil fuels to power the planes, trucks and vans that ship packages all over the world, has an enormous carbon footprint.

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APL Apollo Tubes surges 9%, hits 52-week high on strong Q3 results

The company's Q3 net revenues rose 25 per cent year-on-year (YoY) to Rs 2,116 crore on the back of strong volume growth

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Govt announces plan to sell entire stake in Air India, sets terms for sale

March 17 is deadline for submissions of initial expressions of interest; any bidder would have to agree to assume roughly $3.26 billion in debt.

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Nifty outlook and top stock picks by CapitalVia: Buy Vedanta, HUL

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

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Stock calls by Sameet Chavan of Angel Broking: Buy Equitas Holdings

We may see Nifty going back to 12,300 - 12,390 ahead of the budget and a positive outcome would enable it crossing this sturdy wall of 12,400 convincingly.

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Govt announces plan to sell entire stake in Air India, sets terms for sale

March 17 is deadline for submissions of initial expressions of interest; any bidder would have to agree to assume roughly $3.26 billion in debt.

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Nifty view & stock recommendations by Prabhudas Lilladher: Buy Titan, BHEL

The support for the week is seen at 40,950/12,030 while resistance is seen at 42,260/12,460. Bank Nifty would have a range of 30,580-31,880

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After bad loan issue, experts see more pain ahead for Bank of Baroda

Credit costs could stay elevated in the coming financial year

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MARKET LIVE: SGX Nifty suggests gap-down start for domestic indices

Catch all the live market updates here

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Coronavirus: China death toll now at 80; virus spreads to Beijing, Shanghai

The newly identified coronavirus has created alarm because much about it is still unknown, such as how dangerous it is and how easily it spreads between people

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Mallya could use an SC ruling to seek mitigation at extradition hearings

Mallya, who relocated to London in 2017, controlled Kingfisher Beer in India, where he is still a substantial shareholder

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Entirely internal, says India as EU moves to vote on CAA resolution

The European Parliament is set to debate and vote on a resolution tabled by some of its members against the CAA which it says marks a 'dangerous shift' in the country's citizenship regime

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No Indian in China infected by coronavirus, embassy in touch with them: MEA

The death toll in the deadly new coronavirus in China rose to 56 on Sunday with confirmed cases of viral affliction reaching 2,008, including 23 from aborad.

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How despite migration caste discrimination follows India's disadvantaged

SCs and STs benefited less from migration as social discrimination continued to impact them in the places they migrated to, research shows

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NBA legend Kobe Bryant, daughter killed in California helicopter crash

The aircraft went down in a remote field off Las Virgenes around 10 a.m. Nobody on the ground was hurt

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Best of BS Opinion: Climate change, structural reforms in tax rate, more

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

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RIL's partnership with Saudi Aramco not a retreat from energy biz: Report

Ambani had in August last year announced that the deal with Aramco will close by March 2020 but it is now expected to close within the current calendar year

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Gold imports decline 6.77% to $23 bn during Apr-Dec 2019: Govt data

The decline in gold imports has helped in narrowing the country's trade deficit to $118 bn during the period, against $148.23 bn a year ago

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Three out of 22 expressways, green corridors to be built in 3 yrs: Gadkari

These 22 projects comprising 7,500 km of greenfield expressways and corridors are planned to be completed by FY25 at a cost of Rs 3.10 trn

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Gold imports decline 6.77% to $23 bn during Apr-Dec 2019: Govt data

The decline in gold imports has helped in narrowing the country's trade deficit to $118 bn during the period, against $148.23 bn a year ago

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India must welcome investments: UKIBC on Piyush Goyal's remark on Amazon

The comments from the lobby grouping come after there was a sharp criticism of Goyal for saying Amazon was not doing India a favour by the investment announcement

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India must welcome investments: UKIBC on Piyush Goyal's remark on Amazon

The comments from the lobby grouping come after there was a sharp criticism of Goyal for saying Amazon was not doing India a favour by the investment announcement

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Eyeing leadership position in electric vehicle segment, says Tata Motors

The auto major aims to build complete in-house capabilities in terms of design, supply chain and even full local manufacturing in the EV space

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China orders ban on wild animal trade until Coronavirus outbreak eases

The lethal virus is believed to have originated in a market in the central city of Wuhan, where a range of wildlife was reportedly sold

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From Rafale to Goa's save the frog campaign, themes of Republic Day Parade

Jammu and Kashmir, which participated in the parade for the first time as a Union Territory, had the "Back to Village'' programme as its theme

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Budget expectations, earnings, coronavirus to drive stock market this week

Earnings from major companies such as HDFC, US Fed's interest rate decision and hopes of positive measures from the Budget would drive sentiment in the equity markets this week which may also witness volatile sessions amid derivatives expiry, according to analysts. Participants would also keep an eye on the spread of the deadly coronavirus in China and other countries, they added. The lethal virus has claimed 56 lives in China, and spread to about a dozen nations. "Going ahead, markets are likely to be volatile due to monthly F&O expiry just ahead of the Union Budget that would be presented towards the end of the elongated week. Also, stock-specific action is likely to continue with the ongoing results season which has been mixed so far. Apart from these, investors would also watch out for the US Fed and Bank of England's monetary policy," Motilal Oswal Financial Services, Head - Retail Research, Siddhartha Khemka said. He added that on the macro front, US Q4 GDP and India's ...

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Budget expectations, earnings, coronavirus to drive stock market this week

On the macro front, US Q4 GDP and India's fiscal deficit data would be released

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Saturday, January 25, 2020

Sebi to rationalise margin system in derivatives segment to boost liquidity

The regulator is expected to come out with the new margining system this week

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Republic Day 2020: Mobile phone, internet services snapped in Kashmir

While mobile internet services were suspended hours after their restoration on Saturday, mobile phone connectivity was suspended in the early hours of Sunday

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Budget 2020: Govt unlikely to offer relief in income tax, here's why

Expectations were that Sitharaman, who had in September last year cut corporate tax rates to their lowest to boost economic growth, would announce similar sops for individual taxpayers

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India vs New Zealand 2nd T20 Live: Another high-scoring match on cards

India vs New Zealand 2nd T20 match will be telecast live on Star Sports 1 and Star Sports 1 HD with English commentary from 12:20 pm IST. Check Live score, toss updates and match commentary here

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Canada's first 'presumptive' coronavirus case detected in Toronto

The patient, a man in his 50s, had been staying in Wuhan, the epicenter of the outbreak of the virus, which first appeared in December

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Coronavirus: Death toll rises to 56 in China, over 2000 confirmed cases

A total of 2,684 suspected cases have also been reported so far, it said

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Canada's first 'presumptive' coronavirus case detected in Toronto

The patient, a man in his 50s, had been staying in Wuhan, the epicenter of the outbreak of the virus, which first appeared in December

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Coronavirus: Death toll rises to 56 in China, over 2000 confirmed cases

A total of 2,684 suspected cases have also been reported so far, it said

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Coronavirus: Death toll rises to 56 in China, over 2000 confirmed cases

A total of 2,684 suspected cases have also been reported so far, it said

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Republic Day 2020 LIVE updates: What to expect from today's celebration

India's 71st Republic Day celebrations are going to be special. Catch LIVE updates on the Republic Day parade and celebrations

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Budget 2020-21 wishlist: Here are the key challenges in Healthcare sector

Lack of skilled human resource impedes healthcare delivery especially in tier 2, 3 cities and rural areas

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Amid protests, President asks youth to follow non-violence on eve of R-Day

The President also recalled the words of Ambedkar, the architect of the constitution

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Expanding cooperation, India, Brazil target $15 billion in trade by 2022

The decisions were taken during wide-ranging talks between Prime Minister Narendra Modi and Brazilian President Jair Messias Bolsonaro here

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TVS Motor forays into electric mobility; unveils smart scooter iQube

TVS iQube Electric is equipped with 4.4 kW electric motor to deliver both high power and efficiency with no transmission loss

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TVS Motors enters electric scooter segment; iQube launched at Rs 115,000

TVS Motor Company on Saturday said it has forayed into electric segment with the launch of an e-scooter, priced at Rs 1.15 lakh (ex-showroom Karnataka). Equipped with 4.4 kw electric motor, the TVS iQube Electric can achieve a top speed of 78 kmph with a range of 75 kms in one full charge. The scooter can accelerate from of 0 to 40 kmph in 4.2 seconds. The model also comes with TVS SmartXonnect platform which encompasses multiple features such as geo-fencing, remote battery charge navigation, among others. "As India moves ahead, its mobility solutions would increasingly be total experience-led, nowhere is this felt sharper than among the youth of India. Our focus on the Green & Connected' youth of India, is embodied, in the first of the TVS Electric portfolio," TVS Motor Company Chairman Venu Srinivasan said. The electric scooter was launched by Karnataka Chief Minister B S Yediyurappa and Union Transport Minister Nitin Jairam Gadkari, along with Srinivasan.

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Govt's decision to withdraw MEIS incentives set to hit textile exporters

The government has removed the benefit of 4 per cent Merchandise Exports from India Scheme on exports of made ups and garments with retrospective effect, that is, from March 7, 2019

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'Nobody can leave': Wuhan residents stock up post Coronavirus outbreak

The barricade, at one of the tolls for highways exiting the city, was blocked with red and yellow plastic barriers and cones

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US stresses equal protection for all under India's Citizenship Act

On Jammu and Kashmir, Wells said she was "pleased to see some incremental steps, including the partial return of internet service" in Kashmir

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Rajasthan Assembly passes resolution against CAA, BJP members oppose

Leader of Opposition Gulab Chand Kataria questioned the right to challenge the Act in the state assembly

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41 dead in China virus outbreak; Nepal, Australia and Japan confirm cases

Authorities have since imposed transport restrictions on nearly all of Hubei province, which has a population of 59 million.

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ICICI Bank Q3FY20: Net profit at Rs 4146 crore vs Rs 1605 crore YoY

ICICI Bank's asset quality improves in the third quarter on a sequential basis

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EC bans Kapil Mishra from campaigning for 48 hours over controversial tweet

The ban order, signed by the Chef Election Commissioner and two fellow Election Commissioners, would come into force from 5 PM on Saturday, they said

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ICICI Bank Q3FY20: Net profit at Rs 4146 crore vs Rs 1605 crore YoY

ICICI Bank's asset quality improves in the third quarter on a sequential basis

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Birla Corp aims 20 MT to become fifth largest cement company in India

While the Mukutban project has been financed by a Rs 1,625 crore term loan stretching 12 years from a consortium of four banks led by the Bank of Baroda at less than 9 per cent interest

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India, Brazil ink 15 pacts; PM Modi says a 'new chapter in bilateral ties'

PM Modi said an action plan has been finalised to further expand strategic ties between the two strategic partners

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India, Brazil ink 15 pacts; PM Modi says a 'new chapter in bilateral ties'

PM Modi said an action plan has been finalised to further expand strategic ties between the two strategic partners

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RS panel calls for breaking encryption to track distribution of child porn

The ad hoc committee has called for broadening of POSCO Act and mandatory policing on apps to regulate access to child pornography

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Industrial reforms, low carbon emissions exalt Odisha in Niti Aayog ranking

Over the years, Odisha has rolled out a suite of reforms on the industrial front to ease worries for investors

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India shedding passive foreign policy to advance its interests: US Official

Wells, who has just returned from a trip to the region besides attending the Raisina Dialogue in New Delhi, said nowhere this shift is more visible than in the Indo-Pacific region.

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Friday, January 24, 2020

US statement on curbing terror financing has praise, warning for Pak

Pakistan's economic reforms will suffer 'devastating impact' if it fails in its obligations to end terror financing, says US diplomat.

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Nirbhaya case: Court rejects convicts' lawyer's plea seeking Tihar papers

The public prosecutor, appearing for the Delhi Police, told the court that Tihar jail authorities have supplied all the relevant documents sought by the lawyer of the death row convicts in the case

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China enforces vast quarantine to contain virus, cases emerge in S Asia

Nepal confirms one case and Europe two in France as virus spreads quickly across countries.

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Curbs eased after 5 months, 2G internet restored in Kashmir from midnight

According to a notification issued by the home department of the Jammu and Kashmir administration, access to the internet with 2G speed on mobile phones will resume from January 25.

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Death toll in China virus jumps to 41, cases rise to nearly 1,300

Fifteen new deaths all took place in Wuhan, the city of 11 million where the deadly respiratory contagion first emerged.

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Best of BS Opinion: Dilemma of Arif Mohammad Khan, Budget 2020, and more

From the problem of Budgetary over-reach to the danger that majoritarianism poses to our society and our state, here's a selection of Business Standard Opinion pieces for the day.

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Thursday, January 23, 2020

KEI Industries gains 5% post launch of QIP issue to raise Rs 500 cr

The company said it has launched a qualified placement of shares on Thursday and fixed floor price of Rs 518.14 per share.

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Adani Gas crashes 14% on report of gas regulator's notice on non-disclosure

Regulator PNGRB is seeking to cancel the company's licences and levy Rs 400 crore penalty for the violations, the report said

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India vs New Zealand 1st T20 Live score: Toss to take place at 11:50 am IST

India vs New Zealand 1st T20 match will be telecast live on Star Sports 1 and Star Sports 1 HD with English commentary from 12:20 pm IST. Check live score, toss and match updates here

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Wuhan coronavirus outbreak hits South Korea, second person tests positive

Several nations including the US have stepped up checks on airport passengers to detect the coronavirus, which first emerged in the central Chinese city of Wuhan

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Bank of Baroda Q3 preview: DHFL could dent asset quality, say analysts

The bank, which is slated to report its Q3FY20 numbers later today, is expected to report a nearly 300 per cent rise in the net profit at Rs 1,851 crore on a year-on-year (YoY) basis.

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Wuhan coronavirus outbreak hits South Korea, second person tests positive

Several nations including the US have stepped up checks on airport passengers to detect the coronavirus, which first emerged in the central Chinese city of Wuhan

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Zensar Technologies stock plunges 13% on weak Q3 numbers

The company's dollar revenue declined 5.9 per cent in Q3FY20, against analysts' estimates of 1.1 per cent growth on sequential basis.

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Huawei exec's fate in limbo as Canada court adjourns extradition hearing

US seeks extradition of Huawei chief financial officer Meng Wanzhou, who was arrested in December 2018 during a flight stopover in Vancouver.

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Companies announce clinical trials for vaccine against China virus

At least four companies say they are working 'very rapidly' to find a vaccine.

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Ten cities in China's Hubei suspend public transportation over coronavirus

Buses in cities of Chibi, Xiantao, Zhijiang, Qianjiang, Xianning, Huangshi and Enshi have suspended services

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Death toll from coronavirus rises to 25 in China with 830 confirmed cases

A total of 1,072 suspected cases have been reported in 20 provincial-level regions, according to the National Health Commission

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Companies announce clinical trials for vaccine against China virus

At least four companies say they are working 'very rapidly' to find a vaccine.

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Ten cities in China's Hubei suspend public transportation over coronavirus

Buses in cities of Chibi, Xiantao, Zhijiang, Qianjiang, Xianning, Huangshi and Enshi have suspended services

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Stocks to watch: Indiabulls Housing, BoB, UltraTech Cement, M&M, Biocon

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

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Death toll from coronavirus rises to 25 in China with 830 confirmed cases

A total of 1,072 suspected cases have been reported in 20 provincial-level regions, according to the National Health Commission

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With China backing, Pakistan may be out of FATF 'Grey List' next month

In recent meetings of FATF, Pakistan has got the support of Malaysia and Turkey besides China

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Outlook & trading strategies for Copper, Silver by Tradebulls Securities

Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst

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Derivatives strategy by HDFC Securities: Buy Infosys' January Futures

Long build-up has been seen in the Infy Futures' accompanied by the rise in Open Interest with price rising by 1.8 per cent

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Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi

The Nifty is likely to bounce till 12,300 levels in the short-term after which it is again likely to correct

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MARKET LIVE: SGX Nifty indicates a lower opening for benchmark indices

Catch all the live market updates here

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MARKET LIVE: SGX Nifty indicates a lower opening for benchmark indices

Catch all the live market updates here

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Top 10 business headlines: Govt seeks RBI interim dividend, telcos get help

News on why the government wants Rs 10,000 crore as interim dividend from the central bank and is going easy on telecom companies that owe it dues.

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Best of BS Opinion: Budget in the season of protests, new axis of infra

From Andhra Pradesh government's decision to build three capitals to how the government missed the chance to defuse the anger over CAA and focus on the economy, here's a selection of Business Standard

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Wednesday, January 22, 2020

L&T retains order inflow, revenue guidance in Q3; should you buy the stock?

The overall profit came in at Rs 2,352 crore, including the profit after tax (PAT) from discontinued operations for the quarter, up 15.2 per cent YoY.

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AU Small Finance Banks soars 9%, hits new high on strong Q3 results

The private sector lender's stock is trading at its highest level since its listing on July 10, 2017

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Axis Bank jumps 3% as Q3 loan growth hits 7-qtr high, NIM best in 2.5 yrs

The bank's net interest income, which grew 15.15 per cent, met D-Street estimates. It's standalone NII stood at Rs 6,452.98 crore over an NII of Rs 5,603.7 crore clocked in Q3FY19.

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Stocks to watch: RBL Bank, Axis Bank, Biocon, PVR Ltd, L&T, Canara Bank

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

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Yediyurappa Govt invites global business leaders to Invest Karnataka summit

The chief minister, who is at Davos to attend the World Economic Forum annual meeting, announced the dates for the summit, November 3-5, at an event in this Swiss ski resort town

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Volkswagen in Canada ordered to pay CAN$196.5 mn over emissions scandal

News outlets said the fine against Volkswagen was the largest environmental penalty in Canadian history.

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Boeing CEO Calhoun expects to resume 737 MAX production before mid-year

Dave Calhoun says Boeing is not considering scrapping the MAX and expects it will continue to fly for a generation.

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Passed between humans; milder than SARS: All about new China virus

The new SARS-like virus has killed 17 people in China, infected hundreds and reached as far as the United States.

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MARKET LIVE: SGX Nifty indicates a flat start for domestic indices

Catch all the live market updates here

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Stock recommendation from Prabhudas Lilladher: Buy ICICI Pru Life, ACC

The RSI on ICICI Pru Life has indicated a strong trend reversal with positive bias, signalling a buy

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Saudi prince may have sent spyware via Whatsapp to hack Bezos' phone: Probe

Saudi authorities rejected the latest allegations on Saudi Crown Prince Mohammad bin Salman

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Chanting Azadi will be an act of sedition; action will be taken: Adityanath

Adityanath accused the Congress, the Samajwadi Party and the Left parties of doing politics at the cost of the nation

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Top 10 business headlines: AGR deadline nears; Bezos phone hack shocks UN

Three companies negotiate the deadline to pay the government dues for spectrum and the UN calls for a probe into the hacking of Amazon boss Jeff Bezos's phone.

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OSIRIS-REx completes closest flyover of sample site nightingale

OSIRIS-REx successfully executed a 0.4-mile (620-m) flyover of site Nightingale yesterday as part of the mission's Reconnaissance B phase activities.

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Keeping lead out of drinking water when switching disinfectants

Researchers found that the hazards of switching disinfectants in water systems -- increased lead levels -- can be mitigated if the change is done correctly.

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Less may be more in next-gen batteries

Engineers build full lithium-ion batteries with silicon anodes and an alumina layer to protect cathodes from degrading. By limiting their energy density, the batteries promise excellent stability for transportation and grid storage use.

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Best of BS Opinion: Governing unlisted firms, Budget 2020, and more

From lessons the years of slowing growth hold for Budget to how a takeover code for unlisted companies will help, here's a selection of Business Standard Opinion.

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Rupee one of the worst performers among its Asian peers in the past 1 year

Down 2% versus $ since Dec 2018, against mild appreciation in many Southeast Asian currencies

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AGR dues: OIL moves SC; Moody's says business conditions risky in India

OIL has received demand notices for the period from FY08 to FY19 amounting to over Rs 48,000 crore including licence fee, penalties and interest, the company said

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Poor mental health 'both cause and effect' of school exclusion

Children with mental health needs require urgent support from primary school onwards to avoid exclusion, which can be both cause and effect of poor mental health, new research concludes.

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Women still face barriers to breastfeed at work

Despite the protections in place to support breastfeeding for employees, the burden still falls on working mothers to advocate for the resources they need, according to a new study.

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Possible Alzheimer's breakthrough suggested

Researchers say they have identified a previously unknown gene and associated protein (which they have named 'aggregatin') which could potentially be suppressed to slow the advance of Alzheimer's disease.

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Drug combo reverses arthritis in rats

Researchers have discovered that a powerful combination of 2 experimental drugs reverses the cellular and molecular signs of osteoarthritis in rats as well as in isolated human cartilage cells.

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Tuesday, January 21, 2020

IndiaMART InterMESH zooms 13%, hits new high on strong Q3 results

The stock surpassed its previous high of Rs 2,310 touched on October 10, 2019

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Zee Entertainment dips 4% as Q3 profit plunges on low ad revenue, high cost

According to the management, the domestic ad revenue was hit by the persisting slowdown in the key consumer sectors.

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Bharti Airtel hits highest level since October 2007 on 100% FDI nod

The Department of Telecom has approved raising of foreign direct investment (FDI) in the company to 100 per cent from 49 per cent allowed earlier.

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In a first for a US carmaker, Tesla crosses $100 bn stock market valuation

Tesla's market value also puts Musk a step closer to earning the first $346 million tranche of options in a record-breaking pay package

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Trump again offers to 'help' resolve Kashmir issue, meets Pak PM in Davos

President Trump has repeatedly offered to mediate following India's August 5 decision to revoke the special status to Jammu and Kashmir and bifurcate the state into two Union Territories

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Stocks to watch: L&T, Asian Paints, Axis Bank, ZEEL, Bharti Airtel, Havells

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

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GM's Cruise unveils Origin, an electric car sans steering wheel, pedals

Cruise's Chief Executive Officer, Dan Ammann, said the boxy vehicle with sliding doors will be used for the company's own ride-hailing service

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Mitsubishi offices raided in Germany over suspected diesel emissions fraud

A spokesperson for Mitsubishi Motors in Japan on Wednesday confirmed the raid on its German distributors as well as on its European research and development facilities

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Amazon founder Bezos's phone 'hacked by Saudi crown prince' in 2018: Report

According to The Guardian, a digital forensic analysis revealed that the encrypted message from the number used by Mohammed bin Salman included a malicious file that infiltrated his phone

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Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

The RSI on GIC Housing Finance's chart is showing a trend reversal and the chart looks good too for the further upside

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Mitsubishi offices raided in Germany over suspected diesel emissions fraud

A spokesperson for Mitsubishi Motors in Japan on Wednesday confirmed the raid on its German distributors as well as on its European research and development facilities

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Weekly stock picks by Religare Broking: Buy Aurobindo Pharma, Ramco Cements

Currently, Ramo Cements' stock is hovering in a range, after a sharp up move, offering fresh buying opportunity to those who missed the chance earlier

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Technical calls from HDFC Securities: Buy Ashok Leyland, Tata Elxsi

Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities

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MARKET LIVE: Sensex, Nifty likely to open higher; Airtel, ZEEL in focus

Catch all the live market updates here

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MARKET LIVE: Sensex, Nifty likely to open higher; Airtel, ZEEL in focus

Catch all the live market updates here

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L&T Q3 preview: Analysts see a cut in order inflow guidance for FY20

Engineering and capital goods major L&T will announce its December-quarter financial result on January 22

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L&T Q3 preview: Analysts see a cut in order inflow guidance for FY20

Engineering and capital goods major L&T will announce its December-quarter financial result on January 22

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L&T Q3 preview: Analysts see a cut in order inflow guidance for FY20

Engineering and capital goods major L&T will announce its December-quarter financial result on January 22

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Best of BS Opinion: Simplifying tax on capital, Trump economy, and more

From why life expectancy in the US has been declining to how an undefined constitutional clause has grown too big for the times, here's a selection of Business Standard Opinion pieces for the day

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Gujarat replaces West Bengal as top governing state in 2019, says study

Delhi is ranked fifth on the parameter of health, one of its main claims of governance

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Budget 2020 wishlist: Here are the key challenges for agriculture sector

Need improvement in fishing gear, infra for deep sea fishing, collection, storage and traceability of harvest, and processing of aqua produce

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Budget: Here's a look at how 'winners' from last year's fiscal plan fared

The slump in consumption has hit the rural sector hard

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Budget 2020: All eyes on tax receipts as mop-up dips by Rs 1.91 trillion

The numbers become all the more important because actual tax collections fell short by Rs 1.91 trn compared to what was projected in 2018-19.

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Monday, January 20, 2020

KEI Industries soars 6% as December quarter earnings beat Street estimates

The company reported a 50% growth in net profit at Rs 72.54 crore on the back of healthy 21% jump in net sales at Rs 1,314 crore during the quarter

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Tata Sons Chairman N Chandrasekaran joins platform LinkedIn as influencer

Other LinkedIn Influencers from India include Kiran Mazumdar Shaw, Kailash Satyarthi, Vani Kola, and Anny Divya.

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SC says pleas by telcos on statutory dues will be heard next week

The telcos said they wanted an open court hearing on their fresh pleas with regard to working out a fresh schedule of payment of their dues

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IMF, Gopinath will draw govt's ire, warns Chidambaram after growth forecast

"I suppose we must prepare ourselves for an attack by government ministers on the IMF and Dr Gita Gopinath," Chidambaram said.

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SC says pleas by telcos on statutory dues will be heard next week

The telcos said they wanted an open court hearing on their fresh pleas with regard to working out a fresh schedule of payment of their dues

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Century Textiles hits fresh 52-week high, surges 40% in 3 months

The management is confident of sustaining and improving its performance in the second half (October- March) of the year on the back of revenue enhancement measures

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Indian aviation startups to pitch for support at Singapore Air Show 2020

More than 60 startups from 10 countries, including India, are scheduled to make presentations on a wide range of domains during the show

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Info Edge gains over 3% as Zomato acquires Uber Eats' India business

The deal is applicable only in India and Uber Eats will continue to operate in Bangladesh and Sri Lanka.

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Vodafone Idea zooms 16% on hope SC could extend AGR payment deadline

The court, on October 24 last year, had ordered telecom companies to pay their licence fees and spectrum user charges (SUCs) within 90 days

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Apollo Tricoat Tubes surges 6%, hits new high on strong Q3 results

The company reported a strong 86 per cent QoQ jump in its net profit at Rs 17.5 crore for December quarter.

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Global resource consumption at 100 bn tonnes for 1st time, recycling falls

Global use of materials is projected to balloon to 170-184 billion tonnes by mid-century, the report said.

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Macron, Trump agree to extend talks on France's digital tax: Report

Two presidents agree that 'a trade war that will benefit no one'.

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Stocks to watch: Info Edge, ZEEL, Havells, Polycab, IndiaMART, HDFC AMC

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

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Nearly half billion people currently unemployed or underemployed: UN

"I think that this is an extremely worrying finding," he said, adding that lacking access to decent work appeared to be part of what was spurring growing protest movements and unrest around the world.

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Stock recommendation from Prabhudas Lilladher: Buy Dr Reddy's, GAIL

The stock of Dr. Reddy's has been on a gradual rise with positive indicators supporting the momentum and currently has given a breakout above the previous peak of 3,000

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Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi

The Nifty has provided a sell crossover on its hourly charts and with that, the index seems to have reversed the overall trend in the short term.

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Top 10 biz headlines: Telcos move SC again, prices of Maruti drop, and more

From Amazon's delivery fleet to HDFC Bank's retail loan growth, here are the top 10 business headlines for the day

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MARKET LIVE: SGX Nifty suggests a subdued start for domestic indices

Catch all the live market updates here

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India's top 63 billionaires have more wealth than 2018-19 Budget outlay

The gap between the top 1 per cent and the bottom 50 per cent of the population just keeps expanding, global non-profit organisation Oxfam said in its latest annual report on income inequality

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Rupee-dollar derivatives set to enter stock exchanges in GIFT City IFSC

At present, cross-currency trades are permitted on the International Exchange (INX) floated by the BSE and NSE IFSC exchange situated in GIFT City IFSC

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Uber sells its India food delivery business to Zomato in all-stock deal

The deal is applicable only in India and Uber Eats will continue to operate in Bangladesh and Sri Lanka

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Uber sells its India food delivery business to Zomato in all-stock deal

The deal is applicable only in India and Uber Eats will continue to operate in Bangladesh and Sri Lanka

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Best of BS Opinion: Climate-related financial risks, Budget 2020, and more

From how Budget 2020 could be the litmus test for the government's reform credentials to the reasons why natural farming could be an alternative to high input cost agriculture

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Sunday, January 19, 2020

Amazon India to include 10,000 e-vehicles in its delivery fleet by 2025

With the introduction of electric vehicles, Amazon India aims to reduce carbon emissions and environmental impact of delivery operations

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'Too small to fight India': Malaysia rules out action over palm oil ban

Malaysian Prime Minister Mahathir Mohamad has criticised India's new religion-based citizenship law.

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India ranks 76th on WEF's Social Mobility Index, Denmark tops the list

The Global Social Mobility Index is designed to provide policy-makers with a means to identify areas for improving social mobility and promoting equally shared opportunities in their economies

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Don't artificially boost GDP number: Cong to govt on 'data revamp' reports

The government has suddenly expressed alarm and a 'revamp of official statistics' is being proposed, says Congress

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Adani Enterprises denies wrongdoing in coal supply contracts case

The company further said that it is a preliminary investigation report only and added that it shall respond to the same and shall also put forth the factual position to the authority.

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Global majority sees capitalism as harmful; mistrust high in India: Survey

On a national level, lack of trust in capitalism was highest in Thailand and India on 75% and 74% respectively, with France close behind on 69%

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'Too small to fight India': Malaysia rules out action over palm oil ban

Malaysian Prime Minister Mahathir Mohamad has criticised India's new religion-based citizenship law.

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Prestige Estates up 10% as arm acquires 50% stake in Lokhandwala DB Realty

Prestige Falcon Realty Ventures has invested in Lokhandwala DB Realty LLP by way of capital account contribution and has been admitted as partner of the LLP with 50 per cent economic & voting rights.

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I-T Dept launches searches at premises of Bharat Hotels, Cargo Motors Group

The searches, they said, were launched late Sunday and are related to a tax evasion probe being conducted by the department.

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BJP to elect party president; J P Nadda to take over from Amit Shah

Top party leaders, including Union ministers and chief ministers of BJP-ruled states, will file nomination papers in support of his candidature, sources said.

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HDFC Bank slips over 1% as Q3 provisions rise; analysts maintain 'Buy'

On the upside, the Mumbai-headquartered bank's net profit rose 32.8 per cent year-on-year to Rs 7,416.5 crore, compared to Rs 5,585.85 crore in the corresponding period of the previous year

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Lupin falls 3% as USFDA issues 5 observations for Vizag facility

The United States Food and Drug Administration (USFDA) carried out the inspection of the company's Vizag API manufacturing facility between January 13, 2020 and January 17, 2020.

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HCL Tech falls 5% from day's high on profit booking post Q3 results

The stock hit a new high of Rs 619, up 3 per cent after it reported a better-than-expected 2.1 per cent quarter on quarter revenue growth in constant currency (CC) terms.

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Two days ahead of the impeachment trial, Trump defenders and critics clash

Coming two days before Trump's trial opens in the Senate, the clashing arguments offered an early taste of the historic drama to play out in coming weeks

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Pakistani minister, officials lobbying in Beijing to get off FATF grey list

Islamabad's best chance is to get 'largely-compliant' rating on curbing terror financing.

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Stocks to watch: TCS, RIL, HDFC Bank, HCL Tech, JSPL, Piramal Enterprises

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

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Stock ideas from Prabhudas Lilladher: Buy Bharat Electronics, Castrol

Mid-caps continue with their strong up-trend and is anticipated to do so till the budget time

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MARKET LIVE: Benchmarks set to open higher; TCS, RIL, HDFC Bank in focus

Catch all the live market updates here.

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MARKET LIVE: Benchmarks set to open higher; TCS, RIL, HDFC Bank in focus

Catch all the live market updates here.

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Nifty view & two stocks that Sameet Chavan of Angel Broking is bullish on

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

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Wealth of India's richest 1% more than 4 times that of 70% poorest: Oxfam

The report flagged that global inequality is shockingly entrenched and vast and the number of billionaires has doubled in the last decade, despite their combined wealth having declined last year

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RSS does not want to be another power centre, says Mohan Bhagwat

Bhagwat said that if there is a power centre barring the Constitution, the Sangh will oppose it

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Best of BS Opinion: Tough measures recoil on those who espouse them

The regime in India seems to be trapped in its advocacy of statism as a panacea for all ills

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Protesters hold 'Free Hong Kong' signs, demand boycott of Communist Party

Sporting their movement's trademark black clothing and face masks, rally participants packed into Chater Garden, not far from the city's Legislative Council building.

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Kia Motors eyes full capacity utilisation in India with slew of new models

Kia Motors' manufacturing facility in Andhra Pradesh has an installed production capacity to roll out 3 lakh units per annum on a three shift basis.

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Budget 2020: Steel sector seeks relief in customs duty on key raw materials

Industry body said exemption available to coking coal was also removed by the government in 2014-15 Budget by bringing it at par with other types of coal and imposing 2.5 per cent basic customs duty

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Disney drops 'Fox' from 20th Century, Searchlight Pictures post acquisition

Discussions about a name change are underway, but no consensus has emerged, according to a source close to the situation.

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Budget 2020: Steel sector seeks relief in customs duty on key raw materials

Industry body said exemption available to coking coal was also removed by the government in 2014-15 Budget by bringing it at par with other types of coal and imposing 2.5 per cent basic customs duty

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Centre considering specific excise duty on aviation fuel to curb volatility

Finance Minister Nirmala Sitharaman will present her second budget on February 1.

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Centre considering specific excise duty on aviation fuel to curb volatility

Finance Minister Nirmala Sitharaman will present her second budget on February 1.

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Reliance outpaces industry in petrol, diesel sales from its outlets

LPG sales was up 37 per cent with new customers and increasing penetration in new markets

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Centre considering specific excise duty on aviation fuel to curb volatility

Finance Minister Nirmala Sitharaman will present her second budget on February 1.

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Reliance outpaces industry in petrol, diesel sales from its outlets

LPG sales was up 37 per cent with new customers and increasing penetration in new markets

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FM Sitharaman to set realistic nominal GDP target at 9.5-10%: Report

"This year, there will be a realistic assessment of the nominal GDP," said a source.

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DoT examining if deadline for AGR payment applies to non-telecom PSUs

The DoT has sought Rs 1.72 trillion in past statutory dues from state-owned gas utility GAIL India Ltd

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FM Sitharaman to set realistic nominal GDP target at 9.5-10%: Report

"This year, there will be a realistic assessment of the nominal GDP," said a source.

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DoT examining if deadline for AGR payment applies to non-telecom PSUs

The DoT has sought Rs 1.72 trillion in past statutory dues from state-owned gas utility GAIL India Ltd

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Investment in equity MFs dips 41% to Rs 75,000 cr on volatility, slowdown

Equity schemes have seen a little bit of a slowdown in 2019 as compared to the past few years

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Saturday, January 18, 2020

India vs Australia 3rd ODI Live score: Toss will take place at 1:00 pm IST

India vs Australia 3rd ODI match will be telecast live on Star Sports 1 and Star Sports 1 HD with English commentary. Check Live score, match updates and commentary here

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WEF 2020: Union Ministers, CMs, over 100 Indian CEOs to attend Davos summit

From India, besides Deepika over 100 CEOs as well as political leaders including union ministers and chief ministers will take part

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Six of 10 most-valued firms add Rs 62,773 cr in m-cap; RIL, HUL top gainers

The market cap of ITC rose by Rs 2,273.86 crore to Rs 2,94,802.65 crore

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Q3 earnings, budget expectations to drive markets this week: Analysts

Market will also be guided by other key factors like Brent crude movement, rupee-dollar trend and foreign investment flows

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FPIs remain net buyers in January despite heightened geopolitical tensions

Positive developments on US-China trade deal front led to renewed buying interest by the FPIs

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Prince Harry, Meghan to give up 'royal highness' titles, public funds

The Buckingham Palace noted that they would continue to maintain their private patronages and associations

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IT happens: Facebook sorry for Jinping's name gaffe, cites technical glitch

The error most notably appeared on the official Facebook page of Myanmar's civilian leader Aung San Suu Kyi

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Trump warns Iran's supreme leader Khamenei to be 'careful with his words'

"Their economy is crashing, and their people are suffering. He should be very careful with his words!" Trump tweeted

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Dr Oetker beats slowdown, logs 24% growth in 'strongest year' in India

FMCG company's peanut butter and mayonnaise brands help it grow in slowing sector.

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Boeing's woes continue as software flaw to further delay 737 Max's return

The 737 Max is costing the plane-maker billions of dollars in losses. The software problem was discovered during the final validation review process of the updates being installed on the plane

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ED attaches assets worth Rs 204 cr of ex-Bhushan Power CMD Sanjay Singal

The Enforcement Directorate had on Friday filed a charge sheet against Singal and others before a special Prevention of Money Laundering Act (PMLA) court here.

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Need to focus on reducing inequality, IMF cites risks to global economy

Georgieva, who served as the World Bank's chief executive officer before moving to the IMF in October, has made reversing inequalities one of her top priorities

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Facebook must disclose app records for Massachusetts probe, judge rules

Cambridge's clients had included U.S. President Donald Trump's 2016 election campaign

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Goal of making India $5 trillion economy difficult, not impossible: Gadkari

"If we want to become a $5 trillion economy, we have to increase the domestic production of these things instead of importing them," he said.

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Petroleum products, engineering goods drive India's export growth

Exports of petroleum-related products also grew at a higher rate of 7.8 per cent during 2019.

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Goal of making India $5 trillion economy difficult, not impossible: Gadkari

"If we want to become a $5 trillion economy, we have to increase the domestic production of these things instead of importing them," he said.

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Shabana Azmi injured in road accident on Mumbai-Pune Expressway in Raigad

The incident took place around 3.30 pm near Khalapur, over 60 km from Mumbai, when the car in which she was traveling rammed into a truck, said Raigad Superintendent of Police Anil Paraskar.

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Vodafone Idea's troubles over spectrum dues casts shadow on more MF schemes

Mutual funds' overall debt exposure to Vodafone Idea stood at Rs 3,389 crore in December 2019.

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FIH Hockey Pro League, India vs Netherlands LIVE: Match to begin at 7 pm

With all the top teams of the world in fray, FIH Hockey Pro League will be ideal preparation for India ahead of the Tokyo Olympics. Check India vs Netherlands live score and match updates here

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More suicides among unemployed & self-employed than farmers in 2018: Report

Unemployed persons (12,936) were slightly behind those self-employed (13,149) who took their own lives

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HDFC Bank Q3 net profit rises 33% to Rs 7,416 cr on higher interest income

India's largest private sector lender reported a net profit of Rs 7,416 cr for the three months ended on December 31

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CAA subject of Union list, states have to implement it: Kerala Governor

Governor Khan said people have a right to be adamant about their opinion but no right to go beyond the boundary of the law.

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Senior journalist, former MP Ashwini Chopra passes away at 63 due to cancer

The media baron-turned journalist was elected as an MP from Karnal, Haryana, in 2014. He was the editor of Punjab Kesari, Delhi.

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Friday, January 17, 2020

Online pharmacies see record funding in 2019, investments double to $321 mn

The industry experts are expecting more activity in the segment, especially if a delayed regulatory framework takes place during the current year.

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Online pharmacies see record funding in 2019, investments double to $321 mn

The industry experts are expecting more activity in the segment, especially if a delayed regulatory framework takes place during the current year.

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Integrity of Constitution has to be preserved against hasty changes: Parekh

Mortgage lender HDFC chairman Deepak Parekh on Thursday said integrity of the Constitution has to be preserved against any ill-conceived changes and asserted that fundamental rights cannot be curtailed or abrogated. Parekh made the remarks while ...

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GMR to develop, operate & manage duty-free outlets at Kannur Airport

Under the concession agreement, GAL would design, finance and operate the Duty-Free shops at Kannur International Airport for a period of 7 years, which is extendable by 3 more years

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Now malls, pubs can remain open 24/7 in select parts of Mumbai from Jan 26

The areas where these establishments will remain open all night are Fort and Kala Ghoda in south Mumbai and Bandra Kurla Complex in the west

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We must speak out now or we will regret later: Amarinder Singh slams CAA

"Why have Muslims been excluded? And why have they (Centre) not included Jews in the CAA?" asked the Punjab CM

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Davos diplomacy likely between India, Malaysia amid palm oil row

India has repeatedly objected to Malaysian Prime Minister Mahathir Mohamad speaking out against recent policies which critics say discriminate against Muslims

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Telecom dues: Curative petitions rarely admitted by SC, say analysts

The rules around curative petition are fairly tight as the petitioner has to establish that there was a genuine violation of principles of natural justice, say analysts

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Thursday, January 16, 2020

Vodafone Idea tanks 39%, banks slip up to 8% as SC rejects AGR review plea

With this, the telcos will have to together pay an estimated Rs 1.47 trillion in AGR dues that include penalties and interest on penalties by January 23.

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Rallis India soars 15%, hits 52-wk high on robust December quarter results

The company recorded consolidated revenues of Rs 534 crore for Q3FY20, a growth of 28 per cent over previous year's quarter of Rs 417 crore

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Technology investment in India rose 95% at $9.3 bn in 2019: Report

The data collated by Dealroom.co show that the Indian investment figures coincided with record investment numbers registered by UK in 2019, at $13.2 bn, behind the US ($116 bn) and China ($33.5 bn)

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Bankrupt Jet Airways plans to sell Netherlands biz to Dutch airline KLM

KLM is a part of Air France KLM

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Stock up: Google-parent Alphabet joins $1 trillion valuation club

Shares of the Internet search giant are up nearly 17% over the last three months, outpacing a broader rally in the S&P 500 index over the same period by 6 percentage points.

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Stock up: Google-parent Alphabet joins $1 trillion valuation club

Shares of the Internet search giant are up nearly 17% over the last three months, outpacing a broader rally in the S&P 500 index over the same period by 6 percentage points.

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China posts weakest growth in 29 years as trade war with US bites

China's manufacturing is improving and it recently signed a trade agreement with the US, but analysts are not sure if the gains can be sustained.

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Commodity view by Bhavik Patel of Tradebulls Securities: Buy Gold, Copper

Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls Securities

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Stocks that Prabhudas Lilladher is bullish on: Buy Biocon, Eicher Motors

Biocon has maintained a strong base near 280 levels which is a good support level and currently has indicated a positive bullish candle pattern to imply strength

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Derivatives strategy by HDFC Securities: Buy Manappuram Finance Jan Futures

Stock price has broken out on the daily chart by closing above the resistance level of 181.5 to close at all time high with higher volumes

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Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi

The daily, as well as weekly momentum indicator MACD for Nifty, is well in the buy mode

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Donald Trump's impeachment trial begins in Senate, he calls it a 'hoax'

Trump's acquittal is widely expected in the Republican-dominated Senate

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Q3 result preview: Here's what brokerages expect in TCS' Oct-Dec numbers

Some key things to watch out for are the firm's outlook on client budgets and spends for 2020, outlook on a challenged US/Europe capital market/banking segment and select retail performance

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MARKET LIVE: SGX Nifty suggests a flat start; RIL, TCS, Airtel in focus

Catch all the live market updates here

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Q3 result preview: Here's what brokerages expect in TCS' Oct-Dec numbers

Some key things to watch out for are the firm's outlook on client budgets and spends for 2020, outlook on a challenged US/Europe capital market/banking segment and select retail performance

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Best of BS Opinion: Satya Nadella's remarks on CAA, Budget 2020, and more

Was Satya Nadella right to pass an opinion on the Citizenship Amendment Act? The opinion pages tackle several issues

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Electron spins in slowly moving quantum dots may be controlled by electric fields

A new article presents a theoretical analysis of electron spins in moving semiconductor quantum dots, showing how these can be controlled by electric fields in a way that suggests they may be usable as information storage and processing components of quantum computers.

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Researchers investigate molecule, VISTA, which keeps immune system quiet against cancer

Researchers are studying a valuable target in regulating the immune response in cancer and autoimmunity. VISTA is a tempering molecule that hinders T cells in the immune system from activating against self-antigens such as cancer cells. Their new publication describes how VISTA controls T-cell responses.

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Sepsis associated with 1 in 5 deaths globally, double previous estimate

Twice as many people as previously believed are dying of sepsis worldwide, according to a new analysis. Among them are a disproportionately high number of children in poor areas.

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Making sense of the self

Interoception is the awareness of our physiological states. But precisely how the brain calculates and reacts to this information remains unclear. Neuroscientists now demonstrate how the insular cortex orchestrates the process. The work represents the first steps toward understanding the neural basis of interoception, which could allow researchers to address key questions in eating disorders, obesity, drug addiction, and a host of other diseases.

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Physicists design 'super-human' red blood cells to deliver drugs to specific targets

A team of physicists from McMaster University has developed a process to modify red blood cells so they can be used to distribute drugs throughout the body, which could specifically target infections or treat catastrophic diseases such as cancer or Alzheimer's.

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Small change for climate change: Time to increase research funding to save the world

A new study shows that there is a huge disproportion in the level of funding for social science research into the greatest challenge in combating global warming -- how to get individuals and societies to overcome ingrained human habits to make the changes necessary to mitigate climate change.

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Hormone resistance in breast cancer linked to DNA 'rewiring'

Researchers have revealed changes to the 3D arrangement of DNA linked to treatment resistance in ER+ breast cancer.

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Wednesday, January 15, 2020

Weekly stock picks by Religare Broking: Buy Berger Paints, REC Limited

On January 14, Berger Paint's stock surged strongly and made a new record high, supported with a noticeable rise in volume

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36 ministers to visit J&K next week, five months after Article 370 move

These ministers are set to hold 51 meetings in Jammu and eight in Kashmir

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MARKET LIVE: SGX Nifty suggests flat start for stocks; Jet Airways in focus

Catch all the live market updates here.

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MARKET LIVE: SGX Nifty suggests flat start for stocks; Jet Airways in focus

Catch all the live market updates here.

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Karvy case: Interim relief to Axis Bank from Securities Appellate Tribunal

The tribunal granted interim relief in light of the fact that the National Securities Depository had earlier reversed securities to clients on the basis of Sebi's November 2019 order

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BIS notifies good delivery norms for gold, silver and 31 other items

Unlike earlier, gold and silver meeting the Indian standards could now be delivered on exchanges like MCX which deal in their derivatives

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Gaganyaan mission: Indian astronauts to start training in Russia next week

The Rs 10,000-crore ambitious project is expected to be launched in 2022

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Ahead of Budget, Mutual funds' exposure to banks, financials sees a rise

The value of MF holdings in in ICICI Bank increased by Rs 2,900 crore in December

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Gold jewellery below 2 gram exempted from mandatory hallmarking

Silver jewellery and articles have been kept out of mandatory hallmarking as of now

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After slowdown, inflation now presents a new test for food companies

Improving volume growth and protecting margins is likely to be tough amid the current consumption slowdown; Nestle better placed, say analysts

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Seven firms to list commercial papers on BSE for Rs 8,812 crore issue size

Besides, HDFC Securities Ltd, Shriram City Union Finance Ltd and KEC International Ltd made applications to list their CPs at BSE for issue size of Rs 490 crore, Rs 477 crore and Rs 20 crore

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CACP recommends dual price policy for sugar trade for farmers' benefit

To cost corporate users 20-30% more than kitchen consumers

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Best of BS Opinion: Learning from classroom, growth stabilisation and more

Here's a collection of Business Standard Opinion pieces for the day

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Govt plans restrictions on imports of products categorised as 'others'

Piyush Goyal said India is facing 'big' problem in imports of a category called "others" and in that category, all sorts of stuff is being imported into the country

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China-backed Pakistan bid to raise Kashmir issue at UNSC fails yet again

The attempt failed as other member countries felt Kashmir is a bilateral matter between India and Pakistan

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Huawei likely to conduct trial runs of 5G waves for Airtel, Vodafone

Sources said both Airtel and Vodafone have also joined ZTE, Nokia and Ericsson, apart from Huawei, for conducting the 5G trials

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Fresh round of layoffs at Oyo, 100-150 staff likely to be impacted

The bulk of this fresh round of layoffs will be from its cloud kitchen business, which has about 200-300 employees in India

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BS-VI switch will impact 2-wheeler sales until Diwali, says Honda CEO

On Wednesday, Honda launched the latest generation, 6G, of its flagship scooter brand, the Activa

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Budget 2020: Govt may announce sops to woo Apple, Samsung suppliers

The proposals floated by MeitY include offering of interest subsidy on local borrowing by manufacturers

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Beauty sleep could be real, say body clock biologists

Biologists have explained for the first time why having a good night's sleep really could prepare us for the rigors of the day ahead.

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Taking the temperature of dark matter

Warm, cold, just right? Physicists are using gravitational lensing to take the temperature of dark matter, the mysterious substance that makes up about a quarter of our universe.

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Neanderthals went underwater for their tools

Neanderthals collected clam shells and volcanic rock from the beach and coastal waters of Italy during the Middle Paleolithic, according to a new study.

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Astronomers discover class of strange objects near our galaxy's enormous black hole

Astronomers have discovered a new class of bizarre objects at the center of our galaxy, not far from the supermassive black hole called Sagittarius A*.

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Tuesday, January 14, 2020

Amazon to invest $1 bn in digitising small businesses in India: Jeff Bezos

Amazon has committed $5.5 billion in India investments and sees the country as a key growth market

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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...