India has bounced back, says Apple CEO Tim Cook

Apple CEO Tim Cook said the company witnessed double-digit growth in India in the last quarter, signalling strong momentum following its revised India pricing strategy. “In emerging markets, we returned to growth in Mainland China, grew strong double digits in India and Brazil and we set new Q3 records in Thailand, Vietnam and the Philippines,” he said during the June quarter earnings call.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ZopryJ

Wipro share buyback starts on August 14

Wipro on Tuesday said its Rs 10,497 crore share buyback will commence on August 14 and close on August 28. This follows Sebi’s nod. The company had announced a buyback proposal for purchase of up to 323 million equity shares of Rs 2 each from the shareholders on a proportionate basis at a price of Rs 325 per equity share.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2GGimlX

Cognizant's June profit beats estimates; IT major expects softness in banking demand

IT major Cognizant Technology Solutions (CTS) met both street expectations and its own guidance on the back of marginal improvements in demand from financial services sector. CTS reported quarterly revenue of $4.14 billion — up 3.4% (4.7% in constant currency) in June. Sequentially, revenue grew marginally from $4.11 billion in the quarter ended March.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Znuwra

Maruti Suzuki's total sales in July decline 33.5% yoy

Maruti Suzuki India Limited sold a total of 109,264 units in July 2019.

from India Infoline News Service https://ift.tt/2OwT28p

Escorts posts over 13% decline in sales in July

Domestic tractor sales in July 2019 came in at 4,505 tractors against 5,483 tractors in July 2018.

from India Infoline News Service https://ift.tt/334fuJ6

Highly gratified by cooperation from 'great friend' India on Iran: US

The US is "highly gratified by co-operation from a great friend like India" on the Iranian oil sanctions, the White House said on Wednesday as the Trump administration slapped sanctions against Iranian foreign minister Javad Zarif, ramping up its tension with Tehran. India has brought down the import of oil from Iran, with which it has historic ties, to almost zero.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2MupLII

Rupee opens at 5-week low of 69.2/$, down 41p

Meanwhile, India's fiscal deficit for April-June hit 61.4% of the target from 68.7% in the year-ago period.

from India Infoline News Service https://ift.tt/2YAjQs3

Growth in 8 core sectors dips to 0.2% in June, near 4-year low

Data released by the commerce and industry ministry showed the 8 core sectors — spanning coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — rose an annual 0.2% compared with 7.8% in June 2018 and lower than the previous month’s 4.3%. The core sector accounts for 40.2% of the index of industrial production.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Kg4n7f

Escorts posts over 13% deckine in sales in July

Domestic tractor sales in July 2019 came in at 4,505 tractors against 5,483 tractors in July 2018.

from India Infoline News Service https://ift.tt/2SXab9z

Sensex, Nifty trade lower on global cues; Metal stocks decline

The markets opened negative tracking global cues as both US and Asian markets fell on less-than-expected dovish remarks from the US Fed Reserve.

from India Infoline News Service https://ift.tt/2YunRON

Affle (India) subscribed 86.48 times on final day

The issue was subscribed 86.48 times (Overall), 55.31 times (QIB), 198.69 times (NII), and 10.94 times (Retail).

from India Infoline News Service https://ift.tt/2SXS1Vk

Ashok Leyland's net profit shrinks 45% yoy in Q1FY20

Meanwhile, Ashok Leyland said that its board has approved the plan to raise up to Rs600cr in long-term debt.

from India Infoline News Service https://ift.tt/2MEcspl

Banks go slow on lending to auto dealers

Banking industry experts estimate the total outstanding loans to automobile dealers to be in the range of Rs 70,000-80,000 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/31bEVqv
via

Liquidity crisis casts shadow: NBFC top execs move out to join banks, fintech

Professionals looking for stability switch to safer avenues, say recruitment firms.

from Banking/Finance-Industry-Economic Times https://ift.tt/2GGJLnH
via

SGX Nifty indicates a negative opening for Indian markets

For today, expect morning weakness on lines with global cues, however second half recovery could be on the cards with mid caps outperforming.

from India Infoline News Service https://ift.tt/2YtA3uY

Top stocks in focus today: Bharti Airtel, Eicher Motors, UPL, IDBI

Here are the important stocks to watch out for today.

from India Infoline News Service https://ift.tt/2K6yLSE

Banking

Banking industry experts estimate the total outstanding loans to automobile dealers to be in the range of Rs 70,000-80,000 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/31bEVqv

Banking

Professionals looking for stability switch to safer avenues, say recruitment firms.

from Banking/Finance-Industry-Economic Times https://ift.tt/2GGJLnH

What not to miss today

Here is the important news to watch out for today.

from India Infoline News Service https://ift.tt/2GCOois

Bharti Airtel Q1FY20E Result Expectation

India EBITDA margin is expected to decline on qoq basis while Africa is expected to remain flat.

from India Infoline News Service https://ift.tt/2MvnwVG

Finance Secretary Rajiv Kumar likely to represent government in Bimal Jalan panel

The committee, headed by former RBI governor Bimal Jalan, is expected to get an extension before it finalises its report, said sources.

from Economy-News-Economic Times https://ift.tt/31b0Jma
via

Banking

Banks filing a petition with Delhi High Court against the demand of Rs 38,000 crore as service tax is also likely to be discussed in the meeting.

from Banking/Finance-Industry-Economic Times https://ift.tt/2OvTWSv

Finance ministry-PSU banks meet to review NPAs

Banks filing a petition with Delhi High Court against the demand of Rs 38,000 crore as service tax is also likely to be discussed in the meeting.

from Banking/Finance-Industry-Economic Times https://ift.tt/2OvTWSv
via

Tribunal paves way for fresh round of bids for Jaypee Infratech

In a relief to homeowners, the National Company Law Appellate Tribunal (NCLAT) paved the way on Tuesday for the third round of bidding for beleaguered Jaypee Infratech. It allowed the resolution process to be finished in 90 days which will include a 45-day window for the resolution professional and lenders of the debt-ridden firm to invite fresh bids.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2YfTKel

CEOs seek emotional anchors against stress

"I could not take any more pressure..." These lines from the letter that founder VG Siddhartha wrote to Cafe Coffee Day employees before going missing highlights the plight of leaders in today's stressful world. Although organisations have begun taking initiatives to help employees manage stress levels, it's very lonely at the top.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2LSvpok

Rupee trades at 68.85 against USD

Investors await the US Federal Reserve's announcement on interest rates later today.

from India Infoline News Service https://ift.tt/2YxLhm5

DishTV rises over 3% even as it reports Rs32cr cons. loss in Q1FY20

Its total income stood at Rs930.93cr in the quarter ended June 30, down from Rs1,671.36cr yoy.

from India Infoline News Service https://ift.tt/2SZ9Lje

Tech Mahindra, Axis Bank decline; Hero MotoCorp gains after Q1 results

Shares of Tech Mahindra fell 3.5% and were among the top losers on the Nifty IT index.

from India Infoline News Service https://ift.tt/2YxJMEt

Nifty below 11,050 mark; Axis Bank, HDFC stocks drop

Axis Bank, HDFC, ITC and Tech Mahindra were top losers in the Sensex pack while, gainers include ICICI Bank, IndusInd Bank and Bharti Airtel.

from India Infoline News Service https://ift.tt/2KdbHAI

CAG for review of integrated GST settlements

The CAG report for 2018 said incidents of such claims going undetected by the system exposed the vulnerability of the system to fraudulent input tax credit (ITC) claims.

from Economy-News-Economic Times https://ift.tt/2GQgG9F
via

DishTV reports Rs32cr cons. loss in Q1FY20

Its total income stood at Rs930.93cr in the quarter ended June 30, down from Rs1,671.36cr yoy.

from India Infoline News Service https://ift.tt/2KaCZYk

Important results today: Eicher, Indian Oil, UPL, Ashok Leyland

Future Supply Chain Solutions, JBF Industries, SKM Egg Products, Tanla Solutions will be announcing its Q1 numbers.

from India Infoline News Service https://ift.tt/2YwMryw

Asian markets decline on trade spat ahead of Fed rate decision

Japanese and Hong Kong shares slid following an overnight decline in the S&P 500 Index, with President Donald Trump criticizing China just as his negotiators start talks in Shanghai.

from India Infoline News Service https://ift.tt/2SQFPFX

Asian markets decline on trade spat as Fed awaited

Japanese and Hong Kong shares slid following an overnight decline in the S&P 500 Index, with President Donald Trump criticizing China just as his negotiators start talks in Shanghai.

from India Infoline News Service https://ift.tt/2KfIB3C

Broker Radar for July 31

Check out the stock commentaries and recommendations from brokerage houses.

from India Infoline News Service https://ift.tt/2YfWGrx

RBI eases ECB norms for corporates, NBFCs

Eligible borrowers will now be allowed to raise ECBs from recognised lenders, except foreign branches/overseas subsidiaries of Indian banks.

from India Infoline News Service https://ift.tt/2Or2IkD

A major crisis may be brewing for Indian banks

Many banks believed lending to individuals is risk-free given they are better placed with credit scores. But the recent slowdown and vanishing jobs are upending the belief.

from Banking/Finance-Industry-Economic Times https://ift.tt/2GCIFcE
via

Banking

Many banks believed lending to individuals is risk-free given they are better placed with credit scores. But the recent slowdown and vanishing jobs are upending the belief.

from Banking/Finance-Industry-Economic Times https://ift.tt/2GCIFcE

SGX Nifty indicates a negative opening for Indian markets

Near term, markets seem oversold and due for a bounce as Nifty near 11000 will see smart money buy bluechips.

from India Infoline News Service https://ift.tt/2YcrBF2

Top stocks in focus: Coffee Day, Eicher, Indian Oil, UPL, Axis Bank

Check out the companies which will be in focus during trade today based on recent and latest news developments.

from India Infoline News Service https://ift.tt/2OrcTpb

What not to miss today

Here is the important news to watch out for today.

from India Infoline News Service https://ift.tt/2LQotbz

July revival washes away monsoon deficit

Seasonal rainfall deficit shrinks substantially, crop planting now almost at last year’s level.

from Economy-News-Economic Times https://ift.tt/2LSXoEy
via

Banking

SBI Cards says it’s the second-largest credit card issuer with a customer base of over 8.7 million people in India.

from Banking/Finance-Industry-Economic Times https://ift.tt/314TE6i

Banking

Promoter entity Ryka Commercial sells 11.6 million shares of Future Lifestyle Fashion in a secondary market transaction.

from Banking/Finance-Industry-Economic Times https://ift.tt/2LRC42i

SBI eyes Rs 6,000 cr from sale of part stake in card unit

SBI Cards says it’s the second-largest credit card issuer with a customer base of over 8.7 million people in India.

from Banking/Finance-Industry-Economic Times https://ift.tt/314TE6i
via

Blackstone acquires 6% in Future Lifestyle for Rs 545 crore

Promoter entity Ryka Commercial sells 11.6 million shares of Future Lifestyle Fashion in a secondary market transaction.

from Banking/Finance-Industry-Economic Times https://ift.tt/2LRC42i
via

World merchandise trade up 3% in 2018, lower than 4.6% growth in 2017: WTO

​As per the report, over the 2008-2018 period, China, Vietnam and India were the most dynamic traders among all Asian economies.

from Economy-News-Economic Times https://ift.tt/2Mr2FCA
via

Coffee Day tanks 20% on news of founder VG Siddhartha gone missing

Recently, VG Siddhartha had sold off ~20% stake in Mindtree to L&T.

from India Infoline News Service https://ift.tt/32Z97Xk

Sensex rallies over 200 points led by HDFC Bank, ICICI Bank

Market breadth was largely neutral with a positive bias, with 490 stocks on the BSE trading higher and 401 struggling with losses.

from India Infoline News Service https://ift.tt/331bed9

Unitech goes Amrapali way, Supreme Court asks NBCC to finish 74 projects

Days after the Supreme Court entrusted NBCC with completing Amrapali projects, the PSU will take up Unitech's 74 projects affecting 17,000 buyers, with the court concluding the realtor is incapable of fulfilling its commitment. Unitech's MD Sanjay Chandra has been in jail since August 2017 for failing to hand over possession of flats.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/314Hb2M

Tata Sponge Iron falls 4% on reporting net loss of Rs86cr for Q1FY20

Total expenses rose to Rs827.69cr in Q1FY20 from Rs203.86cr in Q1FY19 due to a ris in finance costs, employee benefit costs, and other expenses.

from India Infoline News Service https://ift.tt/2Y9VVAl

Social media is going bananas over Rahul Bose bill

Marketers are going bananas over the Rahul Bose vs JW Marriott episode, in which the actor was charged Rs 442 for a pair of the yellow fruit at the hotel.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2MtbxaX

Strides Pharma enters China in a joint venture with Sihuan Pharmaceutical

Strides will supply these products to the JV from its manufacturing facilities at India and Singapore. The JV will explore setting up local manufacturing in China in due course.

from India Infoline News Service https://ift.tt/2ymDxF1

DLF's Q1FY20 net profit soars 140% yoy to Rs413cr

Net sales of Rs705cr in this quarter have been achieved and the co. expects this momentum to continue.

from India Infoline News Service https://ift.tt/2Zl1Xue

Important Results Today

Here are the companies that will declare their Q1FY20 results today.

from India Infoline News Service https://ift.tt/2YAeSve

Banking

The automobile sector -- which contributes half of India’s manufacturing output -- is shrinking as stressed shadow banks prioritize survival above lending growth.

from Banking/Finance-Industry-Economic Times https://ift.tt/2KhWI8G

View: India shouldn't bail out stressed shadow banks

The automobile sector -- which contributes half of India’s manufacturing output -- is shrinking as stressed shadow banks prioritize survival above lending growth.

from Banking/Finance-Industry-Economic Times https://ift.tt/2KhWI8G
via

Top stocks in focus today: Axis Bank, Coal India, Dr. Reddys, Hero MotoCorp, Tech Mahindra

Here are the stocks to watch out for today.

from India Infoline News Service https://ift.tt/2Yza8WN

Tech Mahindra Q1FY20E Result Expectation

Comments on the overall health and outlook of Enterprise vertical will be closely followed.

from India Infoline News Service https://ift.tt/339HmM2

SGX Nifty indicates a flat opening for Indian markets

For today, expect some pull back as heavily over sold conditions see smart money buy blue chips.

from India Infoline News Service https://ift.tt/2K4iI86

What not to miss today

Here is the important news to watch out for today.

from India Infoline News Service https://ift.tt/2YqU1GQ

Banking

Private bank chief says no rescue act needed; liquidity crisis shows NBFCs’ key role in driving demand.

from Banking/Finance-Industry-Economic Times https://ift.tt/2ymuAvp

One or two NBFCs may sink, it's a free market: Romesh Sobti, CEO, IndusInd Bank

Private bank chief says no rescue act needed; liquidity crisis shows NBFCs’ key role in driving demand.

from Banking/Finance-Industry-Economic Times https://ift.tt/2ymuAvp
via

Strides Pharma adj. PAT at Rs52.3cr in Q1FY20

For the quarter, EBITDA stood at Rs123.9cr, a growth of 155% yoy vs. Rs48.6cr over the corresponding quarter of the previous year.

from India Infoline News Service https://ift.tt/2ykUU91

Banks raising funds to grab NBFC share

3 PSBs and 2 private lenders plan to raise up to Rs 62,000 crore in growth capital.

from Banking/Finance-Industry-Economic Times https://ift.tt/2LKYXUU
via

NBFC liquidity crunch is putting the squeeze on fintech

Banks are traditionally cheaper sources of capital, but their credit checks tend to be more rigorous. So, most newage lenders source funds from larger traditional NBFCs.

from Banking/Finance-Industry-Economic Times https://ift.tt/2ysWwgZ
via

Rise in rating downgrades reflects slump in economy

Rating cuts outpace upgrades by two to one during Jan-June, first time since 2016.

from Economy-News-Economic Times https://ift.tt/2LKOWqR
via

Banking

3 PSBs and 2 private lenders plan to raise up to Rs 62,000 crore in growth capital.

from Banking/Finance-Industry-Economic Times https://ift.tt/2LKYXUU

Banking

Banks are traditionally cheaper sources of capital, but their credit checks tend to be more rigorous. So, most newage lenders source funds from larger traditional NBFCs.

from Banking/Finance-Industry-Economic Times https://ift.tt/2ysWwgZ

Paytm Money to get Rs 250cr, eyes low-cost broking biz

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/32TJsiN

This Google-owned company needs 'new set of rules'

The video-sharing platform YouTube is striving to block those who would use it to promote racism, hate speech, violence and disinformation, its number two executive has told AFP, as the Google-owned company comes under increasing scrutiny.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2YoPWXL

E-market Udaan plans new round at $2.7 billion valuation

Udaan, an online marketplace that supplies products and gives loans to small merchants, is in talks to raise a new round of funding of around $500 million. This will be at a post-money valuation of close to $2.7 billion, as business-to-business (B2B) startups continue to be high on investors’ radar.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2SJJ81D

Azim Premji’s NGO, Binny Bansal put Rs 960 crore in venture debt company

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Yfx7XO

India rice exports could hit 7-year low on weak demand, higher prices: Industry

Lower shipments from India will help rivals such as Vietnam and Myanmar in raising their exports, according to Indian exporters.

from Economy-News-Economic Times https://ift.tt/2K1NDSt
via

Rupee trades flat at 68.93/$; Bond yield drops

The yield on the 10-year government bond was at 6.44% compared to Friday's close of 6.524%.

from India Infoline News Service https://ift.tt/2JZXnwA

Sensex, Nifty trade lower; Auto stocks slip 2%

The Nifty Auto is trading 2% lower at 7,008.80 levels led by Bajaj Auto, Eicher and Hero MotoCorp.

from India Infoline News Service https://ift.tt/2ZhtMnh

Dr Reddys Laboratories Q1FY20E Result Expectation

Consolidated revenue is expected to witness growth of 7.4% yoy on new launches in US (gSuboxone and gPropofol), growth in India and growth in CIS markets.

from India Infoline News Service https://ift.tt/2Oofws3

Monsanto seeks time to respond to CCI probe on it abusing dominant position in India

The investigation arm of the antitrust watchdog had said Mahyco Monsanto Biotech was charging unfair licence fees and entering pricing agreements to overcharge farmers for the seeds.

from Economy-News-Economic Times https://ift.tt/2JYvYe5
via

Sluggish animal spirits highlight India’s struggle with slowdown

Services activity contracted for the first time in 13 months, adding to India’s struggles in reviving consumer demand.

from Economy-News-Economic Times https://ift.tt/2YfI3Vm
via

Affle (India) IPO to open today

The company has raised ~Rs224.55cr by selling shares to institutional investors as part of its anchor book allocation which opens today.

from India Infoline News Service https://ift.tt/2yj1fBQ

Alvotech, Cipla pact for Arthritis Drug Humiras Biosimilar

Under the partnership, Alvotech will be responsible for the development and supply of the product, while Cipla Gulf will be responsible for registration and commercialization.

from India Infoline News Service https://ift.tt/2MojFd0

Money Market Operations as on July 26, 2019

from PRESS RELEASES FROM RBI https://ift.tt/2OmcrbL
via

Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations

The result of the RBI Fixed Rate Reverse Repo Operations held on July 26, 2019 is as under: Amount (Face Value in ₹ Billion) Items 3 day Reverse Repo Auction 5.50% Fixed Rate 1. Bids received   (i) Number 74 (ii) Amount 351.36 2. Bids accepted   (i) Number 74 (ii) Amount 351.36 Ajit Prasad Director (Communications) Press Release: 2019-2020/266

from PRESS RELEASES FROM RBI https://ift.tt/2JY2o8O
via

Top stocks in focus: Dr Reddys, DLF, Affle India IPO, Cadila, Granules

Check out the companies which will be in focus during trade today based on recent and latest news developments.

from India Infoline News Service https://ift.tt/2Zkg96O

SGX Nifty indicates a negative opening for Indian markets

For today, expect some more consolidation on the index, while broader markets could see another leg up as valuations become extremely attractive for medium term.

from India Infoline News Service https://ift.tt/2MoazN8

It’s not the govt’s intent to hit FPIs: Nirmala Sitharaman

Sitharaman also told ET in an interview that the government was keeping a close watch on the economy.

from Economy-News-Economic Times https://ift.tt/313F4fv
via

As slowdown bites, India Inc readies to tighten belt

Some veterans of India Inc are optimistic that a turnaround isn’t too far away.

from Economy-News-Economic Times https://ift.tt/31aQi1Z
via

What not to miss today

Here is the important news to watch out for today.

from India Infoline News Service https://ift.tt/2ZitXPk

Asian stocks drop as trade talks, Fed in focus

Crude oil traded around $56 a barrel in New York.

from India Infoline News Service https://ift.tt/2GzYz7B

Waterfield to launch development impact bond

The issue will raise around $15 million and is expected to gradually increase the size.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Mnfs9q
via

Banking

The issue will raise around $15 million and is expected to gradually increase the size.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Mnfs9q

Significant rate cut would do a lot of good to the country, says Nirmala Sitharaman

The finance minister says CAG’s comments on fiscal deficit are being looked into seriously.

from Economy-News-Economic Times https://ift.tt/2YqaLhs
via

Cartoonscape - July 29, 2019

from The Hindu - Cartoon https://ift.tt/2ZfqLE0

Sexism in Parliament

India needs more women in legislatures to combat the likes of Azam Khan

from The Hindu - Editorial https://ift.tt/2GwrV6E
via

Ban or regulate?

There are issues with cryptocurrencies, but a ban might not be the best answer

from The Hindu - Editorial https://ift.tt/2Zqittj
via

Canada pension funds lead race for GIP’s Indian road assets

Other contenders such as Piramal and National Investment and Infrastructure Fund (NIIF) had backed out, citing high valuations.

from Economy-News-Economic Times https://ift.tt/2MkUxDD
via

View: Why India needs an 'eyeglasses to all' mission

A mission to provide eyeglasses can pave the way for large-scale manufacturing and raise productivity.

from Economy-News-Economic Times https://ift.tt/32W2XXX
via

UP's role to be critical in making India USD 5-trillion economy: Chandrasekaran

He further said that the state offers significant opportunities for expansion and the Tata Group sees immense potential, whether it is the renewable space, tourism, airlines or electric mobility.

from Economy-News-Economic Times https://ift.tt/2MhScJT
via

Protect the roof over your head

Homing in on a simple policy can save you from financial disaster

from The Hindu - Industry https://ift.tt/2SOMOiG

Cannot reject insolvency plea over claims disputed after demand notice: NCLAT

A three-member Bench, headed by Chairman S J Mukhopadhaya, observed that "existence of dispute must be pre-existing i.e. it must exist before the receipt of the demand notice or invoice".

from Economy-News-Economic Times https://ift.tt/2SJ1jEq
via