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...

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  

Total income, however, declined to Rs 1,540.95 crore during the April-June quarter of this fiscal from Rs 1,657.67 crore in the corresponding period of the previous year, the company said in a regulatory filing. Realty major DLF on Monday reported over two-fold jump in its consolidated net profit at Rs 414.72 crore for the quarter ending June despite a fall in revenue. Its net profit stood at Rs 172.77 crore in the year-ago period. Total income, however, declined to Rs 1,540.95 crore during the April-June quarter of this fiscal from Rs 1,657.67 crore in the corresponding period of the previous year, the company said in a regulatory filing. The company reported an exceptional income of Rs 296.51 crore, which helped in a significant rise in its net profit. The company's net sales bookings stood at Rs 705 crore in the June quarter. In a statement, DLF said that promoters infused the last tranche of funds amounting to Rs 2,250 crore into the company in the las...

Cochin Shipyard | MMTC | IFB Agro | Kingfa Science | SPARC | Dalmia Bharat Sugar and DLF are stocks, which are in news today. Axis Bank, Hero MotoCorp, Tech Mahindra, Bank of India, PNB Housing Finance, Piramal Enterprises, Dish TV, New Delhi Television, GRP, Repro India, Sumeet Industries, TCI Express, Chemfab Alkalis, TCI Developers, Andhra Cements, Kalpataru Power Transmission, VIP Industries, Aegis Logistics, Gulf Oil Lubricants, Vinati Organics, Shoppers Stop, Solar Industries, Prism Johnson, United Bank of India, Vaibhav Global, Cholamandalam Investment, NOCIL, PTL Enterprises, Spice Mobility, Balkrishna Paper Mills, Super Spinning Mills, R Systems International, Gujarat Gas, Mangalore Refinery and Petrochemicals, Swaraj Engines, NMDC, RPG Life Sciences, Granules India, Welspun India, HeidelbergCement India, Fertilizers and Chemicals Travancore, Orient Electric, EIH Associated Hotels Dr. Reddy’s Laboratories Q1: Net profit up 45.4% at Rs 663 crore versus Rs 456.1 cr...

Net interest income grew by 26.8 percent year-on-year to Rs 7,737.43 crore for the quarter ended June 2019, beating analyst expectations. The country's largest private sector lender, ICICI Bank, posted a profit of Rs 1,908 crore in June quarter (Q1) over lower provisioning and healthy NII growth. It was against a loss of Rs 119.55 crore reported in the year-ago period and a profit of Rs 969.06 crore in the previous quarter. The profit was partly impacted by lower other income. Net interest income grew (NII) by 26.8 percent year-on-year to Rs 7,737.43 crore for quarter that ended on June 2019 with healthy loan growth of 15 percent YoY, which beat analyst expectations. NII was expected at Rs 7,427.1 crore, according to a poll of analysts conducted by CNBC-TV18. The year-on-year growth in domestic advances was 18 percent in June 2019. "We continued to leverage strong retail franchise, resulting in a 22 percent year-on-year growth in the retail loan portf...

Network18 Group Sports Editor Gaurav Kalra says it will exciting to watch how the youngsters picked in the squad will make a difference in the tour. After India's exit from World Cup 2019, the team is warming up for its Caribbean challenge. India soon flies to West Indies to take in three T20Is, three ODIs, and two Test matches. In this episode of On the Ball podcast, Monyecontrol's Prakhar Sachdeo discusses India's team selection for the T20Is and ODIs with Network18 Group Sports Editor Gaurav Kalra. Shreyas Iyer and Navdeep Saini will be the players to watch out for, given they're hungry to make a mark on the big stage and would like to make an impact against the Windies, says Kalra. Get a 2 days free trial in Stock Market Tips and MCX Tips  

The stock rallied 13 percent in last 5 sessions, but in last year, it lost 75 percent of value amid rising bad debts and unexpected loss. Shares of Yes Bank rallied 10 percent intraday on July 26 after a media report indicated that global private equity firms TPG Capital and Advent International could infuse fresh capital in the private sector lender. The stock rallied 13 percent in last 5 sessions, but in last year, it lost 75 percent of value amid rising bad debts and unexpected loss. At 1252 hours IST, it was quoting at Rs 93.70, up to Rs 6.05, or 6.90 percent on the BSE. "TPG Capital’s Indian private equity arm and buyout firm Advent International Corporation are among institutional investors that will infuse fresh capital into Yes Bank," Mint said quoting two people directly aware of the ongoing discussions. “TPG and Advent International are the front runners. They will most likely invest around $350 million each," the report added. The rep...

Research house Jefferies has maintained buy rating with a target of Rs 3,600 per share Shares of Bajaj Finance rose 6.5 percent intraday on July 26 after research house Jefferies maintained a buy rating on the stock on better June quarter numbers. The company has reported June quarter consolidated net profit at Rs 1,195 crore, a jump of 43 percent against the consolidated profit of Rs 835.9 crore in the corresponding period of the last fiscal. Net interest income during the quarter beat street estimates and grew 43 percent to Rs 3,695 crore compared to the year-ago. The consolidated asset under management surged 41 percent YoY to Rs 1.29 lakh crore. Research house Jefferies has maintained buy rating with a target of Rs 3,600 per share Pre Provision Operating Profit (PPoP) is ahead of the estimates, but provision surprised negatively. Meanwhile, the asset quality is stable QoQ. The firm feels that the company has flagged early signs of stress in digital...

The company reported a 17 percent year-on-year growth in June quarter profit at Rs 329.1 crore from Rs 281.5 crore in the same period last fiscal. The share price of Canara Bank shed 4 percent intraday on July 25 as research house Morgan Stanley remained underweight on the stock with a target of Rs 220 per share. The company reported weaker PPoP and asset quality in Q1FY20, while company's Q1FY20 PAT is Rs 300 crore against an estimate of Rs 600 crore, said Morgan Stanley. Lower margins and sequential rise in slippages are the key negatives, while higher fees and lower than expected other operating expenses are the key positives. The company reported a 17 percent year-on-year growth in June quarter profit at Rs 329.1 crore from Rs 281.5 crore in the same period last fiscal. Also Read - Canara Bank Q1 profit jumps 17% to Rs 329 cr, asset quality improves However, net interest income in June quarter fell 16.6 percent to Rs 3,240.1 crore year-on-year but ...

Time schedule for completion of the work shall be 330 calendar days after the commencement date of the contract. Mcnally Bharat Engineering shares rose 4.6 percent intraday Thursday after the company won an order worth Rs 46.70 crore. It has touched a 52-week low of Rs 2.30. The company received one order from SGTORE Company, a Hong Kong-based company, relating to work of design and engineering, the supply of equipment, two years spare parts, three months consumables on EPS basis worth Rs 46,70,58,418. The scope of work of the contract includes implementation of the first phase of an outdoor lead and zinc floatation plant project for the production of 170,000 metric tons of zinc concentrate with zinc Grade of 55% and 54,000 metric tons of lead concentrate with a lead grade of 60%. Time schedule for completion of the work shall be 330 calendar days after the commencement date of the contract. At 12:10 hrs Mcnally Bharat Engineering was quoting at Rs 2.49, u...

Profit grew by 10.9 percent year-on-year to Rs 634.3 crore and net interest income increased by 7.7 percent to Rs 1,961.7 crore in the quarter ended June 2019. Shriram Transport Finance Corporation shares rallied 9 percent intraday on July 25 as its June quarter earnings beat analyst expectations despite slowdown and election period. Profit grew 10.9 percent year-on-year to Rs 634.3 crore and net interest income increased 7.7 percent to Rs 1,961.7 crore in the quarter ended June 2019. Operating profit grew 9.8 percent year-on-year (up 2 percent QoQ) to Rs 1,542.8 crore in Q1. Capital adequacy ratio also inched up to 20.1 percent at the end of June quarter against 16.9 percent in the previous year. While having the overweight call on the stock with a target price at Rs 1,350 (implying 46 percent potential upside from current levels), global investment firm Morgan Stanley said numbers were in-line with its estimates as profit was marginally better than expectations....

Zemdri is the latest milestone in Cipla's history of proactive and humanitarian leadership in enabling access to life-saving drugs, the company said Shares of pharma company Cipla rallied nearly four percent intraday on July 25 after its US subsidiary acquired worldwide rights, excluding Greater China, of key anti-infective drug Zemdri. Cipla USA acquired the prescription drug from Achaogen in Chapter 11, US Bankruptcy Code auction of Achaogen's assets. Zimri (IV Plazomicin) is a once-daily novel intravenous (IV) aminoglycoside used in the treatment of complicated urinary tract infections (cUTI), including pyelonephritis, in adults who are unresponsive to currently available treatment options. The drug was approved by the United States Food & Drug Administration (USFDA) in June 2018 and was launched in the same year, with patent protection expected to continue until 2031 or 2032. "The acquisition of Zemdri deepens our pipeline of specialty pro...

Jaguar Land Rover reported a loss of 402 million pounds and its loss before tax stood at 383 million pounds. Tata Motors, on July 25, posted a big loss of Rs 3,698 crore in June quarter on weakness in domestic as well as Jaguar Land Rover volumes. Jaguar Land Rover reported a pre-tax loss of 395 million pounds, compared to 264 million pound loss in the same period a year ago, on quarterly revenues that declined 2.8 percent year-on-year to 5.1 billion pounds resulting from the weaker market conditions, the company said. Additional plant shutdown time and delays in WLTP (Worldwide Harmonised Light Vehicle Test Procedure) certification resulting from Brexit contingency planning also contributed to the lower sales and profits, it added. It was a worst-than-expected loss at a bottom-line level as the consolidated loss was estimated at Rs 2,127 crore and JLR loss at 236 million pounds for the quarter ended June 2019, according to a poll of analysts conducted by CNBC-TV1...

Revenue of the company was down at Rs 663.6 crore versus Rs 831.8 crore.+ The share price of Bayer CropScience touched 52-week low, falling 3.6 percent intraday Wednesday after the company posted poor numbers for the quarter ended June 2019. The company's Q1 net profit fell to Rs 59.3 crore versus Rs 147.2 crore in the same quarter last fiscal. Revenue of the company was down at Rs 663.6 crore versus Rs 831.8 crore. D. Narain, Vice Chairman & Managing Director and CEO of Bayer CropScience said, “Late-onset of monsoon and delayed Kharif sowing season resulted in deferment of product placement in the market, which impacted our Q1 results." "While the rain deficit has reduced in July and would support improved sales growth in Q2, significant rain delays continue in some areas of Western and Southern India, which could impact our results,” he added. The share price declined 28 percent in the last year. Get a 2 days free trial in Stock ...

Nomura expects Torrent to record strong cash flow generation over the next three years Shares of Torrent Pharmaceuticals rallied 6 percent intraday on July 24 after June quarter numbers met analyst expectations. Global brokerages remained bullish on the stock, expecting a double-digit return from current levels. Company's profit in June quarter grew 32.5 percent and revenue increased 8 percent compared to year-ago. At the operating level, earnings before interest, tax, depreciation, and amortization (EBITDA) rose 13.4 percent and margin expanded 128bps YoY. The stock was quoting at Rs 1,535.25, up to Rs 66.65, or 4.54 percent on the BSE at 1126 hours IST. The single-digit growth in revenue was due to a high base last year while India growth was at 9 percent and US business grew 13 percent compared to year-ago. Global brokerage house CLSA has an outperform rating on the stock but slashed price target to Rs 1,690 from Rs 1,800 (implying 15 percent potential ...

Zee Entertainment | Torrent Pharma | MCX | Praj Industries | JK Paper | M&M Financial and Everest Industries are stocks which are in the news today. Asian Paints, Canara Bank, Bharti Infratel, GE T&D India, Sagar Cements, Orient Bell, Liberty Shoes, Quess Corp, Monnet Ispat & Energy, MPS, Security and Intelligence Services, NELCO, Kewal Kiran Clothing, ICICI Prudential Life, Monsanto India, Sharda Cropchem, V-Guard Industries, Syngene International, KSB, Reliance Nippon Life Asset Management, Oberoi Realty, IDFC First Bank, Tube Investments of India, Newgen Software Technologies, Jubilant Foodworks, Rane (Madras), Intellect Design Arena, Umang Dairies, Syndicate Bank, Karur Vysya Bank, Crompton Greaves Consumer Electricals, Shriram Transport Finance Company, Cigniti Technologies, PI Industries, Tejas Networks, Maharashtra Scooters L&T Q1: Profit grows 21.2 percent to Rs 1,473 crore versus Rs 1,215 crore, revenue increases 9.7 percent to Rs 29,636 crores...