China's tough rhetoric leaves trade talks with US in limbo

The stock fell 76 percent in last one year and corrected 77 percent from its 52-week high of Rs 68 touched in August 2018. Hubtown shares fell 14.60 percent to end at its 52-week low of Rs 15.50 on July 30 after media reports indicated that the Income Tax Department conducted a raid on the company. The stock fell 76 percent in last one year and corrected 77 percent from its 52-week high of Rs 68, it touched in August 2018. The Income Tax Department conducted a search on Hubtown and its joint venture and the search is underway, reported CNBC-TV18 quoting unnamed sources. The news came in right before the market closed on July 30. Meanwhile, the company has done some reorganization of its management structure and consequently appointed Sunil Mago as the Chief Financial Officer in place of Nancy Pereira with effect from July 5. "Pereira will be moving to a new role within Hubtown Group," it had said in its BSE filing earlier in July. A special offer

The company said it has been declared L-1 bidder by the Water Resources Department for the project in Jharkhand. Dilip Buildcon shares gained 2 percent intraday on July 30 as the construction company bagged order to construct a dam in Jharkhand. The stock rallied 28 percent in the last six months. It was quoting Rs 420.60, up to Rs 3.70, or 0.89 percent on the BSE at 1113 hours. "Company has been declared L-1 bidder for the project 'construction of Kharkai Dam at Icha with all control gates and its allied works including civil, mechanical (with the design of gates), electrical and SCADA System under SMP in Jharkhand," Dilip Buildcon said in its BSE filing. The company further informed exchanges that it has been declared L-1 bidder by the Water Resources Department for the project in Jharkhand. In addition, its wholly-owned subsidiaries DBL Sangli Borgaon Highways Private Limited and DBL Mangalwedha Solapur Highways Private Limited received the ap

Tech Mahindra | DHFL | JSW Steel | Gujarat Gas | Alkem Labs | Dish TV | Shoppers Stop and Vinati Organics are stocks which are in the news today. Eicher Motors, Indian Oil Corporation, UPL, Ashok Leyland, Apollo Tyres, NR Agarwal Industries, Star Cement, Symphony, Zee Media Corporation, Allahabad Bank, Future Supply Chain Solutions, JBF Industries, SKM Egg Products, Tanla Solutions, Trent, Digicontent, Uttam Value Steels, MAS Financial Services, Gandhi Special Tubes, Tamilnadu PetroProducts, Shyam Century Ferrous, Maithan Alloys, BF Investment, Indian Energy Exchange, Ajanta Pharma, Kabra Extrusion Technik, Vardhman Special Steels, Indiabulls Ventures, Carborundum Universal, Container Corporation of India, Genus Paper & Boards, Heritage Foods, Blue Dart Express, Motilal Oswal Financial Services, Mahindra Holidays & Resorts India, Creditaccess Grameen, LG Balakrishnan & Bros, Sanwaria Consumer, HCL Infosystems, IndiaMart InterMesh, Sequent Scientific, Expleo Solutions,

There were pending sell orders of 2,494,013 shares, with no buyers available Shares of Coffee Day Enterprises shed another 20 percent to hit a 52-week low in the early trade on July 31 after Cafe Coffee Day founder VG Siddhartha body was found near the Netravathi river in Mangaluru. There were pending sell orders of 2,494,013 shares, with no buyers available. The share was locked at 20 percent lower circuit on July 30 after Siddhartha went missing on July 29. Siddhartha was last seen at 6 pm on July 29 when he got off his car. The driver had contacted the family when Siddhartha didn’t return for an over an hour. Also, Read Missing Cafe Coffee Day founder VG Siddhartha dead, body found Siddhartha had written a letter to the board and employees of Coffee Day Enterprises, saying he had "failed as an entrepreneur,". "I fought for a long time but today I gave up," Siddhartha said in the letter dated July 27. At 0922 hours, Coffee Day

Rakesh Radheshyam Jhunjhunwala already held 1.90 percent stake in Jubilant as per the shareholding pattern of June 2019. Rare Enterprises, owned by the ace investor and billionaire Rakesh Jhunjhunwala, picked up 1 percent stake in Jubilant Life Sciences as per bulk deals data available on National Stock Exchange on July 30. The private equity company acquired 2,013,626 shares of the pharma firm at Rs 436.23 per share and sold 263,626 shares at Rs 435.75 per share. Therefore, the net acquisition of Rare Enterprises is 17.5 lakh shares representing 1.098 percent of total paid-up equity. Rakesh Radheshyam Jhunjhunwala already held 1.90 percent stake in Jubilant, as per the shareholding pattern of June 2019. East Bridge Capital Master Fund also increased its stake in the company by acquiring 1,250,000 shares at Rs 435 per share. The above acquisition of shares is on top of 4.63 percent stake already held by East Bridge Capital in the company as of June 2019. T

On July 30 the Indian rupee ended 10 paise lower at 68.86 against the US dollar. The Indian rupee opened marginally lower at 68.90 per dollar on Wednesday against previous close 68.86. On July 30 the Indian rupee ended 10 paise lower at 68.86 against the US dollar on the back of rising crude oil prices and heavy selling in domestic equities. The dollar-rupee August contract on the NSE was at 69.05 in the previous session. Open interest increased 23.46% in the previous session, reported ICICIdirect. We expect the USD-INR to find supports at lower levels. Utilize downsides in the pair to initiate long positions, it added. Get a 2 days free trial in Stock Market Tips and MCX Tips 

In this episode of the Simply Save podcast, Moneycontrol's Personal Finance Editor Kayezad Adajania gets in conversation with debt market expert Joydeep Sen to get answers for questions that are troubling investors. Numerous investors are worried that their debt fund investments could be at risk due to the NBFC crisis. Many are unsure whether they should take the crisis as an opportunity and invest further or pull out their money before it’s too late. If you're sailing in the same boat, here's help at hand. In this episode of the Simply Save podcast, Moneycontrol's Personal Finance Editor Kayezad Adajania gets in conversation with debt market expert Joydeep Sen to get answers for questions that are troubling investors. A special offer this week. take 2 days  free trial in Stock Market Tips and MCX Tips

In this episode of Setting Sail, Maheshwari talks about entrepreneurial ventures and why he turned to a social cause when he started his own venture Udhyam. Building the right team for an organization to succeed is extremely important, a visionary leader should have the skills to ensure that a team works in the right direction to achieve its goals. And Mekin Maheshwari, who runs Udhyam -- a nonprofit startup -- is steadily looking at achieving his goal. That of transforming people from non-privileged backgrounds into entrepreneurs. Maheshwari, who was the technology head at the e-tailer, went on to become the chief people officer at Flipkart. He tells Moneycontrol's Priyanka Sahay, how a colleague once joked about his transition as a demotion, after he had moved to an HR role, from being a top tech executive. Maheshwari recalls that Flipkart has managed to become what it is, because of the people who work there. Hence, he stressed that entrepreneurs should thi

India's debt-laden shadow bank Dewan Housing Finance Ltd (DHFL) has submitted a restructuring plan to its core committee of creditors (CoC), two sources involved in the matter said, adding that lead lenders were deliberating over the plan. DHFL, the fourth-biggest housing finance company in India, has roughly 1 trillion rupees ($14.5 billion) of debt and is in the process of seeking lender approval on a restructuring designed to help it ride out a liquidy crunch and restart its lending business. Several Indian non-banking finance companies (NBFCs), including DHFL, have been stung by an acute credit crunch sparked by the collapse of Infrastructure Leasing & Financial Services late last year. The restructuring plan submitted by DHFL includes the founder's family reducing its stake and restructuring of loans said one of the sources aware of details of the plan. The restructuring could include easier repayment terms, such as longer tenure and reduced inter

Even before Hero MotoCorp Ltd announced its June quarter (Q1 FY20) results, the stock tanked 6.1% to ₹2,258.80, close to its 52-week low on the National Stock Exchange. As expected, the results were weak, in line with the 12.5% year-on-year drop in sales volume, announced earlier this month. Margin pressures along with the 9% drop in net sales led to a steep 16% fall in Ebitda to ₹1,158 crore. Ebitda stands for earnings before interest, tax, depreciation, and amortization. Two-wheeler demand has borne the brunt of the economic slowdown and cost pressures due to regulatory changes. According to Pradesh Jain, executive vice president at Yes Securities Ltd, “Increase in cost of ownership is likely to delay demand recovery. From the time insurance was hiked for vehicles till BS-VI emission norms come into force, the cost of owning a two-wheeler will increase substantially, which is bound to hurt demand." This is what has taken the Hero MotoCorp stock downhill. On the

Tech Mahindra Ltd’s shares had underperformed the market after its revenue growth fell sharply in the March quarter. Profit margins narrowed at a higher-than-expected pace as well, raising concerns about its earnings. The June quarter results, released after market hours on Tuesday, provide no major reason to alter the stock’s trajectory. Dollar revenues grew just 1.9% year-on-year and fell 1.6% compared to the March quarter. “In the current quarter, the company faces seasonality, however, even after factoring the seasonality, Tech Mahindra’s revenues were below our expectation," ICICI Direct Research said in a note. Worse still, the fall in profitability was far higher than Street expectations. Ebit (earnings before interest and tax) margins contracted 1.5 percentage points from a year ago. As a consequence, operating earnings (Ebit) in dollar terms dropped 9% from a year ago. Sequentially, they are down as much as 26%. “Margins are way below estimates leaving r

At a time when there is a broad-based economic slowdown, growth in lending is hard to come by. In that scenario, Axis Bank Ltd’s swift turnaround to a robust core income growth, driven by a 19% increase in domestic loans, should cheer investors. The fact that this growth comes in tandem with a reduction in the private sector lender’s toxic loan pile is an added positive. Indeed, the management said the bank is not chasing extraordinary growth, but would rather lend to good borrowers, a message given by most other private-sector lenders that have announced results so far. This preference for safety is writ large over the Axis Bank’s balance sheet. Loan growth is driven by retail; small businesses, especially the dealership network of the automobile sector, have been avoided. Another safety net provisions, which rose 14% from a year ago, despite the toxic loan stockpile reducing in the June quarter. The bank does not want to take any chances on asset quality and, he

RBI अपने फंड का कितना हिस्सा सरकार को देगी इस बात का फैसला करने के लिए बिमल जालान पैनल का गठन किया गया था। इस पैनल ने कुछ दिनों पहले अपनी आखिरी बैठक की थी। मीडिया में यह खबरें आई कि रिपोर्ट तैयार हो चुकी है। इस रिपोर्ट के मुताबिक अगले 3-5 साल के बीच RBI चरणबद्ध तरीके से सरकार को फंड देगी। हालांकि अब खबर आई है कि फंड ट्रांसफर से पहले जालान कमिटी एक बार और बैठक करने वाला है। बिमल जालान ने बताया, अब एक नया नामित सदस्य आ गया है लिहाजा एक बार फिर बैठक करके पैनल तय करेगा कि कितना फंड ट्रांसफर किया जाए। क्या है मामला? फाइनेंस सेक्रेटरी सुभाष चंद्र गर्ग का ट्रांसफर पावर मिनिस्ट्री में कर दिया गया है। यही वजह है कि पैनल की बैठक दोबारा होगी। गर्ग के ट्रांसफर के बाद सरकार ने अतनु चक्रवर्ती को पैनल में शामिल किया है। हालांकि सरकार ने अभी तक नए फाइनेंस सेक्रेटरी का चयन नहीं किया है। Get a 2 days free trial in Stock Market Tips and MCX Tips 

The category reserved for qualified institutional buyers (QIBs) was subscribed 27 percent, noninstitutional investors 5 percent and retail individual investors 67 percent. The initial public offer of mobile marketing firm Affle India was subscribed 28 percent on the first day of bidding on Monday. The IPO to raise Rs 459 crore, received bids for 9,42,260 shares against the total issue size of 33,78,021 shares as per the NSE data. The category reserved for qualified institutional buyers (QIBs) was subscribed 27 percent, noninstitutional investors 5 percent and retail individual investors 67 percent. Affle India on Friday raised about Rs 206.55 crore from 15 anchor investors. The IPO consists of a fresh issue of Rs 90 crore and an offer for sale of 49,53,020 equity shares including anchor portion of 27,72,483 equity shares. The price range for the offer, which would close on Wednesday, has been fixed at Rs 740-745 per share. ICICI Securities and Nomura Finan

On July 29 the Indian rupee has recovered from the low and ended 14 paise higher at 68.73 against the US currency amid easing crude oil prices. The Indian rupee opened flat at 68.75  per dollar on Tuesday versus previous close 68.73. On July 29 the Indian rupee has recovered from the low and ended 14 paise higher at 68.73 against the US currency amid easing crude oil prices. A special offer this week. take 2 days  free trial in Stock Market Tips and MCX Tips

According to Narnolia Securities, the loan book is expected to grow by 17 percent YoY with healthy all-round growth across the segment. Axis Bank, India's fourth-largest private sector lender by market capitalization, is expected to report healthy numbers for June quarter (Q1) on July 30. The earnings result will be closely watched by the Dalal Street especially after its closest peer ICICI Bank reported better-than-expected earnings on all fronts. Most brokerages expect more than two-fold increase in its Q1FY20 profit on lower provisioning and stable operational income YoY. They also expect double-digit growth in NII and the loan book, compared to year-ago, with stable asset quality. "Traction in advances is seen improving 15 percent YoY led by a focus on high yielding retail and MSME loans. A decline in G-Sec yield is expected to aid trading income leading to a positive impact on PAT. PAT is seen at Rs 1,725 crore on the back of stable operational performan

Average revenue per user (ARPU) was up 3.8 percent at Rs 108 against Rs 104, QoQ. The share price of Vodafone Idea touched a 52-week low of Rs 7.30, down 21 percent intraday July 29 as the company reported poor numbers for the quarter ended June 2019. The company has posted net loss at Rs 4,873.9 crore in the Q1FY20 against loss of Rs 4,881.9 crore in the quarter ended March 2019. Revenue of the company declined to Rs 11,270 crore from Rs 11,775 crore. Earnings before interest, tax, depreciation, and amortization (EBITDA) was up at Rs 3,650 crore against Rs 1,785.3 crore, the margin was up at 32.4 percent versus 15.2 percent, QoQ. Average revenue per user (ARPU) was up 3.8 percent at Rs 108 against Rs 104, QoQ. However, the company has added 4.1 million 4G users in the last quarter. At 10:14 hrs Vodafone Idea Limited was quoting at Rs 7.33, down Rs 1.92, or 20.76 percent on the BSE. For taking 2 days free trial and Stock Market Tips with more than

Motilal Oswal maintained its neutral rating on Havells India post-June quarter results with a target price of Rs 800. Havells India Ltd fell by about 5 percent on Monday. The electrical equipment manufacturer had on July 27 reported a 16.3 percent year-on-year (YoY) decline in June quarter consolidated profit on muted growth in key segments such as cables, lighting, and switchgear. The company's profit fell to Rs 177.09 crore over the June quarter, down from Rs 211.2 crore reported for the year-ago period. This year, the stock has underperformed benchmark indices so far. It is up nearly 2 percent in 2019, while on a yearly basis, the stock has risen a little over 14 percent. Consolidated revenue grew by 4.5 percent YoY to Rs 2,717 crore for the June quarter, with its electrical consumer durables business showing a double-digit growth of 24 percent YoY. The rest of its segments showed tepid growth. The company's switchgear business revenue rose half a p

There were pending sell orders of 2,124,708 shares, with no buyers available. Shares of Coffee Day Enterprises shed 20 percent in the early trade on July 30 after Cafe Coffee Day founder VG Siddhartha was reported missing since the night of July 29. The police said it has begun search operations. There were pending sell orders of 2,124,708 shares, with no buyers available. The share has touched a 52-week low of Rs 154.05. Siddhartha got off his car at a bridge near the Nethravati River, near Mangaluru. The driver alerted family members after he didn't return for an hour. The driver said Siddhartha was on a phone call when he got off the car. Helicopters and Coast Guard have been called for search operations, News18 has reported. The Dakshina Kannada police have launched a search near the Nethravati River. Get a 2 days free trial in Stock Market Tips and MCX Tips  

ABB India Ltd’s shares stood firm at ₹1,394.55 on Monday even as the rest of the market was in turmoil. The order inflows into the Swiss multinational’s Indian arm in the June quarter seemed to have impressed the Street. At ₹1,989 crore, orders rose 23% from the year-ago period. The order book has increased a tad to ₹4,656 crore. But this provides less than a year’s revenue visibility for ABB India. “Lower visibility is mainly due to a short-cycle nature of the business," said Arafat Saiyed, assistant vice president (research) at Reliance Securities Ltd. Additionally, the stock’s rich valuation in an environment of underlying risks to growth is a concern. Analysts’ consensus pegs the forward price-earnings ratio between 60 and 65 times the estimated calendar year earnings. However, the question is whether there would be commensurate earnings growth in the next two years. The June quarter’s revenue growth of 4% reflects macroeconomic stress. Although some segm