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UP hikes petrol price by Rs 2 per litre, diesel by Rs 1 per litre to garner Rs 2,070 cr

Petrol will cost Rs 73.91 per litre while diesel will be available at Rs 63.86 per litre in the state, finance minister Suresh Khanna told reporters after the Cabinet meeting here.




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Market Highlights: Sensex ends 241 pts down, Nifty settles below 9,200; HDFC Bank, Kotak Bank fall, Yes Bank up 6%

Share Market News Today | Sensex, Nifty, Share Prices Highlights: ONGC was the top laggard on BSE Sensex, with a fall of 4.54 per cent. NTPC, Kotak Mahindra Bank, Bharti Airtel and Titan were other losers on the Sensex pack




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Yes Bank results surprise investors, share price soars 20% to hit circuit; check net profit, income

Yes Bank shares jumped 20 per cent to hit upper circuit at Rs 31.60 apiece on BSE in otherwise weak trade on Thursday. Bank reported a net profit of Rs 2,629 crore for the quarter ended on March 31.




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Sensex, Nifty crash may be an opportunity to buy; markets doubled after 2008 global financial crisis

If history is any guide, adversity offers maximum value. The global financial crisis in 2008 culminated in the index being up nearly 100% in 2009.




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Gold prices fall today amid spike in coronavirus cases, still trade above Rs 46,000; silver rates rise

On MCX, gold June futures were trading Rs 153 or 0.33 per cent down at Rs 46,008 per 10 grams. Silver July futures were ruling at Rs 43,265 per kg, up Rs 142 or 0.33 per cent.




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Mukesh Ambani’s Reliance Industries steps up to trim debt, mulls Rs 7500 cr Asian Paints stake sale

Reliance Industries controlled by Mukesh Ambani, Asia’s richest person, is in discussions with banks for a potential sale of its 4.9% stake in Asian Paints Ltd. through a series of block trades.




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Sun Pharma, Aurobindo Pharma among top stock picks from Pharma sector; CLSA sees gain up to 30%

Among pharma stocks, the top stock picks of CLSA are Sun Pharma, Cipla, Aurobindo Pharma and Cadila Healthcare, recommending a 'buy' rating on them




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Equity MF inflows hit 4-month low of Rs 6,108 crore in April

Fears of deepening global slowdown due to the COVID-19 outbreak and subsequent lockdowns have spooked the markets globally, including in India.  Almost all the equity-oriented mutual fund categories registered net inflows last month.




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RIL, HUL lift Sensex 200 pts higher, Nifty slips from day’s high; check what kept markets volatile

Various news flows viz., stake sale by Reliance Industries in its subsidiary Jio Platforms, block deal in HUL, government’s decision to increase the tax on retail fuel etc., influenced the market movements.




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Zoom 5.0: Your video calls are now safe and secure

What does the new encryption algorithm mean for you, and what other security functionality should users be aware of?




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Franklin Templeton effect: Credit risk funds see AUM decline by Rs 19,000 crore in April

Credit risk funds have seen assets decline by nearly Rs 19,000 crore in April as investors rushed to redeem their money after the closure of six debt schemes by Franklin Templeton Mutual Fund, data showed.




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Covid effect: Salary deferred for 60 per cent of GoAir’s staff

Nearly 60% employees of GoAir’s will be put on “temporary leave without pay”, the airline’s promoters Nusli and Jeh Wadia in a joint letter informed employees.




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Muthoot Finance Rating: Retain ‘add’ with FV of Rs 900

A solid security and appreciating asset prices will augur well for Muthoot Finance’s stable asset quality performance during a period when most NBFCs have negligible visibility on their recoveries.




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Covid-19: Over 200 companies in Pune industrial belt resume operations after curbs eased

Over 200 companies in Pune’s industrial belt of Chakan, Talegaon, Kurkumb, Baramati and Ranjangaon have resumed operations after restrictions were eased on Monday, even as the lockdown continues.




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Analyst Corner: SBI Life – upgrade to ‘buy’ with fair value of Rs 1,000

SBI’s focus on the insurance business during a challenging year and SBI Life’s technology push to improve digital agent and client engagements remain crucial.




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Analyst Corner: Maintain ‘buy’ on Kansai Nerolac; FV reduced to Rs 450

Lifting of the lockdown would release pent-up demand from incomplete repainting projects but we do not expect much new repainting work (especially in urban markets), nor a pick-up in fresh painting (construction activity).




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Home-work effect: Mobile data consumption jumps 25%, video crosses 60%

The telcos have also said the government should direct video streaming platforms  to offer only standard definition (SD) and not high definition (HD) content for the time being so as not to choke the bandwidth.  




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Analyst Corner: Maintain ‘neutral’ on Hero MotoCorp; TP at Rs 2,000

The near-term outlook is challenging amid economic stress across sectors due to the lockdown, which has added pain to the already weak demand environment and anomalies due to the BS VI transition.




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Sennheiser PXC 550-II headphones: Now travel with superior audio

The PXC 550-II Wireless features a triple microphone array that makes it easy to stay connected while on the move.




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Shoot like a pro with these camera phones in range of Rs 10,000

Capturing a still image or recording a special moment is among the best ways to preserve a memory. However, to truly enjoy the experience, the quality of the digital image is paramount, and so, it is important to get yourself a device with an amazing camera.




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MSME trade body pegs loss to sector at Rs 40,000-crore per day

AIMO has requested the government to look at protecting the elders and senior citizens of the country and allow the working class to return to their livelihoods, by introducing a citizen risk assessment module.




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Coal ministry’s 710 million tonne production target makes CIL stakeholders jittery

The ministry could have set a target of removing the huge burden and could have kept coal at exposed seams. As and when required coal could be extracted out of the seams.




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Mobile gaming to jump four-fold by 2019: KPMG

With the rising smartphone and tablet penetration, the mobile gaming industry is expected to touch Rs 2,620 crore by 2019, with a year-on-year growth of 20 per cent...




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BSE Sensex falls 214 pts to near 4 month low; NSE Nifty below 8,200

BSE Sensex slipped by 214 points to end at 27,011.31, while NSE Nifty ended below the 8,200-mark.




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Jefferies puts ‘Hold’ rating on Strides Arcolab with Rs 1300 target price

Under the scheme, Strides shareholders will get 1 share of SSL for every 6 shares of Strides while Sequent shareholders will get 1 share of SSL for 25 shares of Sequent.




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NRI BR Shetty to invest Rs 1000 cr to produce India’s biggest-ever movie ‘The Mahabharata’

The promoters of the movie claim that it would be the costliest Indian movie and made in Hollywood style with technicians sourced globally.




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Yes Bank MD & CEO Rana Kapoor: Hope CASA ratio to touch 40% in next 4 quarters

Yes Bank has seen a 30.2% increase in its net profit for the March quarter, due to strong growth in advances and growth in low-cost CASA deposits.




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Samsung launches Galaxy S8 at Rs 57,900

The latest launch by Samsung will compete with Apple's iPhone as well as products from Sony, LG and Asus.




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Maintain ‘buy’ on Aditya Birla Fashion; TP of Rs 200

Aditya Birla Fashion and Retail’s (ABFRL) 12.5% y-o-y revenue growth came in line with estimate, while Ebitda spurt of 30.7% and PAT at Rs 21.8 crore surpassed estimates.




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As promoters fail to infuse capital, recast loans of Rs 50,000 cr fail at CDR cell in FY12

Aggregate recast loans worth around Rs 50,000 crore (Rs 49,332 crore) failed at the corporate debt restructuring (CDR) cell in FY17, taking total failures since the inception of the cell in 2001 to Rs 1.37 lakh crore.




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CDSL IPO subscribed 2.09 times on Day 1

The initial public offering of Central Depository Services (CDSL) was subscribed by 2.09 times on Monday, the first day of its offering with investors bidding for 5.19 crore shares against 2.48 crore shares reserved.




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Eris Lifesciences IPO subscribed 0.75 times

The initial public offering (IPO) of Eris Lifesciences was subscribed 0.75 times on Monday with investors bidding for 1.20 crore shares of the 1.59 crore shares on offer. The qualified institutional buyers bid 70.23 lakh shares against the 86.17 lakh shares reserved for them.




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Manpasand Beverages stock gets ‘Reduce’ rating from Kotak, TP at Rs 700 after reporting healthy quarter

Manpasand reported a healthy quarter overall albeit EBITDA/PAT were below our estimates. Overall, FY2017 was broadly in line with company guidance at start of the year and both Mango Sip and Fruits Up posted robust growth.




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SBI may issue perpetual bonds to raise around Rs 2,500 crore

State Bank of India (SBI), may approach the debt market to issue additional tier-1 bonds or perpetual bonds, according to sources in the bond market.




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India Vs Windies 2018: Kuldeep Yadav shines as India beat Windies in T20 opener

Kuldeep Yadav performed brilliantly in the first T20 against the Windies to ensure India registered a comfortable win over the visitors.




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Govt to sell up to 3% stake in Axis Bank to meet Rs 80,000 cr disinvestment target

At the end of December 2018, Suuti held a 9.56% stake in Axis Bank. The OFS is part of the government’s move to meet its disinvestment target of Rs 80,000 crore for FY19.




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Analyst corner: Buy Apollo Hospitals with June 2020E target of Rs 1,700

As APHS concludes its capex cycle and loss-making ventures breakeven, the stage is set for APHS to double Ebitda and reduce capex to one-third over FY19–21.




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Karur Vysya Bank Q3 net plummets 70% to Rs 21 crore

The bank has witnessed asset quality weakening further in December quarter with the gross non-performing assets (NPA) as of December 2018 increasing to Rs 4,056 crore (8.49%) compared to Rs 2, 663 crore (5.95%).




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Maharashtra targets to export 2,500 tonnes of Alphonso, Kesar mangoes

The board had been holding regular workshops with both farmers and buyers to encourage exports, he said, adding that the board had taken huge efforts to ensure that more mango growers register their orchards with MangoNet.




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Bank of India to sell 25.05% stake in life insurance joint venture

Established in February 2009, Star Union Dai-ichi Life’s (SUD Life) premium income stood at Rs 1,211 crore, while its profit after tax stood at Rs 55 crore during April-December 2018-19.




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Banks’ net interest income to rise over 20% y-o-y in Q4: Analysts

Even as banks see a rise in core income and a drop in fresh bad loans, they may see a fall in non-interest income, with treasury income falling sharply on a sequential basis.




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Cotton association reduces crop estimates for 2018-19 to 315L bales

CAI’s current estimates for the North Zone, Madhya Pradesh, Telangana and Andhra Pradesh are lower by 1 lakh bales each compared to its previous month estimate.




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Cyclone Fani impact: Surat textile industry reels from Rs 500-crore losses

To make matters worse, a sizeable number of labourers from Odisha are employed in the Surat textile industry, said Ashish Gujarati, president of Pandesara Weavers' Association.




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India’s shrimp exports to the US rises by 14 pct in January-June 2019

Total imports of shrimp by US for the first six months of 2019 remained flat at 300,683 tonne compared to 302,495 tonne imported during the same period of 2018. Overall, US imported 695,332 tonne of shrimps last year.




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Avanti Feeds: Maintain ‘Buy’ with a target price of Rs 400

We note the stock price correction of 30% over the past four months offers an attractive entry price and we retain our 'Buy' rating with a DCF-based target price of Rs 400.




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Covid-19 pandemic: 800 million households dependent on remittances to be hit

Global and multilateral institutions and national governments need to come together to make sure that the loss of income is offset through cash-and-kind support.




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The 40-70 rule of decision-making

Leaders should take a decision when they have 40-70% of the information required for taking that decision.




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Need to renew industrial growth: Modi 1.0 launched Make in India, now is the chance for renewal

The need is for a temporary unemployment benefit scheme for up to 100 days a year similar to the MNREGS so that urban workers do not suffer during short periods of unemployment.




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Implement NDCP 2018, Trai counsel urgently

NDCP 2018 is made-to-order for resolution of the challenges seen today in the environment. However, this superb policy—almost entirely—is awaiting implementation since more than a year. 




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“गुजरातमधून करोना हद्दपार करायचा असेल, तर मुख्यमंत्र्यांना हटवा”; भाजपाच्या खासदाराची मागणी

गुजरातमध्ये करोनामुळे होणाऱ्या मृत्यूचा दर इतर राज्यांच्या तुलनेत अधिक