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KEC International goes up 5% on new job contracts
NEW DELHI: KEC International made the most of fresh order wins as the stock climbed 5 per cent on Wednesday.

The company secured new orders worth of Rs 1,357 crore.

The job contracts are worth of Rs 1,234 crore under transmission and distribution segment across India, the Middle East, Africa, SAARC and the Americas. The company has also bagged

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IndusInd Q1 net up 24%, asset quality improves
MUMBAI: IndusInd Bank’s net profit rose 24 per cent in the quarter ended June 2018 loans grew strongly, asset quality improved and slippages and credit costs fell. Net profit rose to Rs 1,036 crore from Rs 837 crore last year mainly due to a 29 per cent rise in the bank’s loan book.

The rise in profit was in line with a Bloomberg poll of 9 brokers

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HCL Technologies to consider share buyback on Thursday
New Delhi: HCL Technologies said on Monday that it will consider share buy-back on July 12 - roughly a year after it announced its first buyback. HCL will be the second large IT services firm after sector leader Tata Consultancy Services (TCS) to look at a buyback and return cash to shareholders. Last month, TCS announced Rs 16,000 crore buyback,
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Shilpa Medicare surges 11% on getting EIR from USFDA for Raichur units
Shares of Shilpa Medicare rallied over 11 per cent in early trade on Wednesday on getting EIR from USFDA for facilities located in Karnataka.

The company informed bourses that it has received establishment inspection report (EIR) from the US health regulator for both API manufacturing facilities located at Raichur, Karnataka.

The scrip was trading

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Wall Street enters third day of gains as trade fears ease
U.S. stocks rose on Monday, with bank stocks leading third day of gains in a row after strong U.S. jobs data from last week helped investors brush aside trade concerns.

The S-P financial index rose 1.3 percent, providing the biggest boost to the main S-P index. But gains were widespread, with technology, energy, industrials, consumer

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Do you understand Monday's 0.78 percent increase in the BSE Sensex was its 2nd biggest spike in last 10 Mondays What's truly stimulated the bulls First, signs that the global economy is slowly but certainly getting into the pink of health, as suggested by strong United States tasks numbers. At the very same time, slower wage growth in the US reduced the probability
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Government looks to increase FRP of sugarcane by 8%
NEW DELHI:The government plans to recommend an 8 per cent increase in the fair and remunerative price (FRP) of sugarcane over the previous year, which the industry fears will make their operations unviable. If FRP is raised to Rs 275/quintal for the 2018-19 season beginning October, mills may find it difficult to pay farmers their dues. Official
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The equity market had a buoyant start to the week, as NSE benchmark Nifty ended the day with a gain of 80.25 points or 0.74 per cent. Monday’s session remained technically important, as the Nifty officially reversed the negative breakdown that it suffered a couple of days back from a large symmetrical triangle formation.

Further to this, with the

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Tech view: Nifty forms Hanging Man-like pattern, shows promise
NEW DELHI: Nifty50 was on a high on Monday as it settled around the day’s high point after seeing a gap-down opening. The index broke out of a downsliping trend and closed above the 10,850 level. It ended up forming a Hanging Man-like pattern on the day chart.

The index surpassed its falling supply trend line formed by connecting the swing highs

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Tata Consultancy Services scales fresh record high post Q1 numbers
Shares of Tata Consultancy Services (TCS) gained as much as 2.9 per cent to hit a record high of Rs 1,928.7 after its posted better-than-expected results for the quarter ended June 2018.

The IT major on Tuesday reported Rs 7,340 crore consolidated net profit for the first quarter of fiscal 2018-19, registering 23.5 per cent annual and 6.3 per

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SBI to raise $500-700 million via green bonds
MUMBAI: State Bank of India (SBI) would sell its first series of green bonds to raise about $500-750 million, demonstrating its commitment to sustainable and climate-friendly projects in a country that must accelerate broader economic growth to haul its marginal population out of the poverty sinkhole.

The green bond sale, likely in two tranches,

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Stock market update: These stocks zoomed over 11% on Monday
NEW DELHI: Shares of Hexaware Technologies (up 22.97 per cent), Rane Holdings (up 15.86 per cent), Time Technoplast (up 14.51 per cent), Puravankara (up 11.87 per cent), Meghmani Organics (up 11.62 per cent) and V-Mart Retail (up 11.11 per cent) zoomed over 11 per cent on NSE on Monday.

Healthy buying in metal, auto, pharma, oil - gas and bank

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Sebi rejects Max Group family trust's request for open offer exemptions
NEW DELHI: Sebi today rejected request of a family trust to exempt it from making open offers for two companies of diversified Max Group, following rejig of promoter holdings.

Neeman Family Foundation Trust -- a trust of Max Group promoter Analjit Singh -- had sought exemption from open offer requirement with respect to share acquisition in

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Market Tomorrow: 2 trading ideas for Tuesday's session
The benchmark BSE Sensex today surged by around 277 points to close at more than five-month high of 35,934.72 on heavy buying in energy, capital goods, power and banking stocks following positive leads from global markets, PTI reported.

A strengthening rupee against the US dollar also bolstered the trading sentiment even as investors shifted their

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Share market update: Nearly 20 stocks hit 52-week highs on NSE on Monday
NEW DELHI: Overall 16 stocks, including Alok Industries, Asian Paints, Berger Paints, Britannia Industries and Cigniti Technologies hit 52-week highs on NSE on Monday.

Zydus Wellness, V-Mart Retail, Tata Elxsi, RBL Bank, Page Industries, Mahindra - Mahindra and Hexaware Technologies also featured among stocks that touched 52-week highs.

Healthy

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Sebi invites fresh counter bids for PACL group properties
NEW DELHI: Markets regulator Sebi today invited fresh proposals from interested entities for the properties belonging to PACL group after receiving a new bid from the company.

The entities have been asked to submit counter proposals till July 17 to the R M Lodha committee, in response to the new proposal submitted by PACL, the regulator said

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Value of shares pledged by promoters falls 11% in Q1
The value of shares pledged by promoters of BSE-listed companies fell to Rs 2.14 lakh crore at the end of June quarter, a decline of almost 11 per cent from the preceding three months, according to exchange data.

The value of pledged shares stood at Rs 2.4 lakh crore as of March-end.

At the end of the April-June quarter, the first of current

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F O: Volatility drops, trading range shifts higher for Nifty50
By Chandan Taparia The Nifty50 index opened with a gap up and witnessed sustain buying interest till the end of session before closing at 10,860. The index formed a Hammer candle on the daily scale and finally surpassed its falling supply trend line, which was formed by connecting the swing highs of 11,171, 10,929, 10,837 and 10,816 levels.

As

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Irda nod to LIC-IDBI deal based on merit, says official
By Vijay Ganeshan IyerET NOW: The Insurance Regulatory Development Authority of India (Irda), has defended the exemption given to Life Insurance Corporation for acquiring up to 51 per cent in the state-owned IDBI Bank, saying the decision was based purely on merits of the case.

Speaking to ET NOW, Nilesh Sathe, whole-time member of Irda, said LIC

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Shriram group mulls merger of Shriram Transport Fin, City Union
New Delhi: Non-banking financial firms Shriram Transport Finance Company and Shriram City Union Finance (SCUF) are in early stages of discussion for merger, a source said today.

The move is aimed at listing the holding company Shriram Capital.

"Discussions are going on. The advantages and merits of the merger are being looked into," the source

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China taps unicorn cavalry in trade war
By Shuli RenA trade war can be fought on many fronts. As China breeds unicorns, they are being asked to stay at home rather than gallop overseas to enrich US investors.

The US pipeline of Chinese IPOs has been light since President Donald Trump started making noises about tariffs in early March. The only billion-dollar offering is the pending sale

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Only one Nifty company may report loss in Q1; any guesses
A low base effect may help Nifty companies to report multi-quarter high earnings growth for June quarter.

While nine Nifty companies, including three from the banking sector, are expected to report a drop in bottom line on a year-on-year basis, Bharti Airtel may be the only one to post a loss.

The telecom sector has been witnessing continued

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No need to 'panic' over Kroll's comments on India: BSE
Bengaluru: There was no need to 'panic' over risk management firm Kroll's observations about Indian economy as the country was a thought leader in corporate governance worldwide, BSE Managing Director and CEO Ashishkumar Chauhan has said.

"We should not be panicky just because one company (Kroll) has made some not-so-rosy observations on global

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China tariffs leave Fed worried
The Federal Reserve has once again flagged the damage that a trade war between the US and key partners could do to the economy.

In the minutes of their June meeting released on Thursday, central bankers said “uncertainty and risks associated with trade policy had intensified, adding they “were concerned that such uncertainty and risks eventually co

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Global brokerages lap up TCS' Q1 nos, quickly raise target prices
Most of the global brokerages gave thumbs up to Tata Consultancy Services (TCS) post its stellar Q1 results.

The IT major posted Rs 7,340 crore consolidated net profit for the first quarter of fiscal 2018-19, registering 23.5 per cent annual and 6.3 per cent sequential growth.

Macquarie upgraded TCS shares to 'outperform' from 'neutral' with a

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US-China trade war to impact FPI inflows: BofA-ML
The US-China trade war will impact foreign investment into the country, and the Reserve Bank of India (RBI) will have to sell foreign currencies to defend the rupee at the 69 level to a dollar, a report said today.

"We expect the US-China trade war to further discourage FPI (foreign portfolio investment) flows, although the direct real impact will

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Sterlite Tech rallies 4% on acquiring Italian optical cable firm
Shares of Sterlite Technologies rallied more than 4 per cent on Monday after the company said one of its subsidiaries will acquire Metallurgica Bresciana (MB), a European specialised optical cable manufacturer, for 47 million euros in an all-cash deal.

The scrip was up 4.57 per cent at Rs 303.30 at around 9.30 am (IST), whereas BSE Sensex was up

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Many of BhushanSuppliers may have to shut shop
MUMBAI: Operational creditors to Bhushan Power - Steel have sought ministerial intervention to resolve their payment issues as they stare at imminent closure of their units if they don’t get their payments resolved, one of the suppliers has said.

A group of suppliers to the failed power and steel company have met Petroleum Minister Dharmendra

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India Inc's revenue growth may hit 3-year high in Q1
India Inc will deliver the highest quarterly revenue growth in three years at 12.8 per cent in the April-June period, but high oil prices will narrow profit margins by 0.20 per cent, a report said today.

This would be the third consecutive quarter of double digit growth, but the jump in performance in the earlier two quarters could have been

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Share market update: private bank stocks up; Axis Bank, YES Bank, ICICI Bank among top gainers
NEW DELHI: In line with their PSU peers, most private bank stocks too were trading in the positive territory during morning trade on Monday.

The Nifty Private Bank index was trading 0.58 per cent up at 15,145 around 10:35 am.

Shares of Axis Bank (up 2.30 per cent), Federal Bank (up 2.27 per cent), YES Bank (up 1.64 per cent), South Indian Bank

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