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

Citi has a buy call on the stock and raised price target to Rs 1,000 from Rs 850 as annualized premium equivalent (APE) growth was at 41 percent YoY and VNB margin was healthy SBI Life Insurance Company shares crossed Rs 800 level for the first time on July 24, rising 4 percent intraday after reporting strong growth in June quarter. The stock has given a 39 percent return in the last nine months. At 0952 hours IST, it was quoting at Rs 803.50, up to Rs 27.40, or 3.53 percent on the BSE. The private life insurer posted a 5 percent year-on-year growth in its June quarter net profit at Rs 372 crore, backed by a 52 percent YoY growth in new business premium in Q1. The company's protection (pure term insurance) new business premium collection grew a whopping 106 percent YoY and the share of protection business grew to 14 percent in Q1FY20 from 10 percent in Q1FY19. The individual new business premium (retail business) collection also increased 41 percent YoY to...

The Dow Jones Industrial Average fell 79.22 points, or 0.29%, to 27,269.97, the S&P 500 gained 14.09 points, or 0.47%, to 3,019.56 and the Nasdaq Composite added 70.10 points, or 0.85%, to 8,321.50 Tech companies led the S&P 500 and the Nasdaq to record closing highs on Wednesday but the Dow lost ground on downbeat earnings, while the euro dropped to a two-month low, pressured by soft economic data. The tech rally was fueled by hints from Texas Instruments Inc that the slowdown in semiconductor demand would not be as long as feared. But Boeing Co and Caterpillar Inc dragged the blue-chip Dow lower after their second-quarter earnings fell short of analyst expectations. Boeing posted its biggest loss in a decade, owing to the grounding of its 737 MAX aircraft, while Caterpillar was challenged by weak China sales in the face of the trade war. "Today's an emblematic day, showing the uneven effect of tariffs on the market," said Chris Wolfe, c...

The company's Q1 standalone net profit jumped 24.7 percent to Rs 140.9 crore versus Rs 113 crore. The share price of Amara Raja Batteries rose more than 4 percent in the early trade on July 22 after the company posted robust numbers for the quarter ended June 2019 (Q1FY20). The company's Q1 standalone net profit jumped 24.7 percent to Rs 140.9 crore versus Rs 113 crore, while revenue rose 2 percent at Rs 1,814.9 crore versus Rs 1,778.7 crore, YoY. Earnings before interest, tax, depreciation, and amortization (EBITDA) jumped 26.6% at Rs 279.1 crore, while margin was up 300 bps at 15.4 percent. At 09:24 hrs Amara Raja Batteries was quoting at Rs 616.10, up to Rs 5.65, or 0.93 percent on the BSE. For taking 2 days free trial and Stock Market Tips with more than 90% accuracy click here MCX Tips

Amara Raja | InterGlobe Aviation | SpiceJet | Cipla | Strides Pharma | CG Power and IOL Chemicals are stocks which are in the news today. Kotak Mahindra Bank, United Spirits, Lakshmi Machine Works, Dewan Housing Finance Corporation, Oriental Bank of Commerce, Can Fin Homes, Hindustan Media Ventures, TVS Motor Company, Aptech, ICICI Securities, Just Dial, GlaxoSmithKline Pharmaceuticals, Just Dial, Wendt (India), Cupid, Mastek, Coromandel International, Allsec Technologies, Srikalahasthi Pipes. Reliance Industries Q1: Consolidated profit falls 2.5 percent to Rs 10,104 crore versus Rs 10,362 crore, revenue rises 13.2 percent to Rs 1.57 lakh crore versus Rs 1.38 lakh crore QoQ. Reliance Jio Q1: Profit rises 6.1 percent to Rs 891 crore versus Rs 840 crore, revenue climbs 5.2 percent to Rs 11,679 crore versus Rs 11,106 crore QoQ. Reliance Industries: Brookfield to invest Rs 25,215 crore in units by Tower Infrastructure Trust. Reliance Industrial Investments & Ho...

On July 19 the Indian rupee ended 17 paise higher at 68.80 against the US dollar as market participants pinned their hopes on an aggressive rate cut by the US Federal Reserve later this month. The Indian rupee slipped in the early trade on Monday. It has opened lower by 10 paise at 68.90 per dollar versus Friday's close 68.80. On July 19 the Indian rupee ended 17 paise higher at 68.80 against the US dollar as market participants pinned their hopes on an aggressive rate cut by the US Federal Reserve later this month. A special offer this week. take 2 days  free trial in Stock Market Tips and MCX Tips

Aditya Birla Fashion | Brigade Enterprises | Capacite Infraprojects | Tata Metaliks | Automotive Stampings and Greaves Cotton are stocks which are in the news today. Results on July 16: HDFC Asset Management Company, TV18 Broadcast, Network18 Media & Investments, Next Mediaworks, Federal Bank, Agro Tech Foods, DCB Bank, 5Paisa Capital, Jay Bharat Maruti, Vikas Molycorp Automotive Stampings and Assemblies Q1: Loss at Rs 9.5 crore versus loss Rs 5.93 crore; revenue rises to Rs 120.34 crore versus Rs 111.5 crore YoY. Cummins India: Sandeep Sinha resigns as Managing Director w.e.f August 17 Tata Metaliks Q1: Profit declines to Rs 19.62 crore versus Rs 30.39 crore; revenue rises to Rs 499 crore versus Rs 467.54 crore YoY. Brigade Enterprises: Company recommended issue of bonus shares in the ratio of 1:2 and to issue 42.75 lakh warrants convertible into 42.75 lakh shares at Rs 269 per share to the promoter group. Jindal Cotex: Company appointed Kanik Shar...

Posted in Stock Market| #Infrastructure Leasing and Financial Services Ltd #Stock Market #NBFC Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More Going ahead with its monetization process, IL&FS Energy Development Company, a subsidiary of the crisis-hit IL&FS, has invited expressions of interest (EoI) to sell its stake in Cipla Wind Energy Ltd and Mahidad Wind Energy Private Ltd. Simple Wind Energy is a special purpose vehicle with under-construction wind energy project with an aggregate capacity of 43.2 MW. With the same characteristics, Mahidad Wind Energy has an aggregate capacity of 60.8 MW, said the invitation on the IL&FS website. The call for EoIs is a part of the asset monetization process as per the 'Report on Progress and Way Forward' submitted by IL&FS to the Ministry of Corporate Affairs in October 2018 which was later filed in the Mumbai bench of the National Company Law Tribunal. "The potential ...

Reliance Infrastructure said it is confident of implementing its Resolution Plan well before the 180-day deadline based on advanced progress of its various asset monetization initiatives Reliance Infrastructure shares rallied nearly 16 percent intraday on July 11 after 16 lenders signed the Inter-Creditor Agreement (ICA). As per the RBI Circular of June 7, 2019, 100 percent of its lenders have signed the ICA for the resolution of the company's debt, the company said. Reliance Infrastructure has now achieved standstill for 180 days as per the ICA, it added. According to the RBI Circular, the Resolution Plan of Reliance Infrastructure is to be implemented within 180 days. Reliance Infrastructure said it is confident of implementing its Resolution Plan well before the 180-day deadline based on advanced progress of its various asset monetization initiatives. As per the RBI framework, Resolution Plan has to be agreed to by 75 percent of the lenders by the v...

Angel trademark has been registered with the United States Patent and Trademark Office, the company said. Cupid shares rallied 5 percent intraday on July 10 after the company registered its trademark in the US. "Angel trademark has been registered with the United States Patent and Trademark Office," company said in its filing. "It would help us to promote and market our Cupid female condoms in the USA," Om Garg, CMD said. The stock was quoting at Rs 116.30, up to Rs 4.25, or 3.79 percent on the BSE at 1450 hours IST. For taking 2 days free trial and Stock Market Tips with more than 90% accuracy click here MCX Tips

U.S. West Texas Intermediate (WTI) crude futures were up 11 cents at $60.54 a barrel by 0055 GMT, after earlier touching the highest since May 23 at $60.63. They gained 4.5% in the previous session . US oil futures hit their highest in over a month on Thursday as a potential hurricane threatened crude output in the Gulf of Mexico and as an incident involving a British tanker in the Middle East highlighted ongoing tensions there. U.S. West Texas Intermediate (WTI) crude futures were up 11 cents at $60.54 a barrel by 0055 GMT, after earlier touching the highest since May 23 at $60.63. They gained 4.5% in the previous session. Brent crude futures were down 5 cents, or 0.1%, at $66.96 a barrel, after ending Wednesday up 4.4%. Five boats believed to belong to Iranian Revolutionary Guards approached a British oil tanker on Wednesday and asked it to stop in Iranian waters close by, but withdrew after a British warship warned them over the radio, a U.S. defense official s...

The Dow Jones Industrial Average fell 22.65 points, or 0.08 percent, to 26,783.49, the S&P 500 gained 3.68 points, or 0.12 percent, to 2,979.63 and the Nasdaq Composite added 43.35 points, or 0.54 percent, to 8,141.73. The S&P 500 ended slightly higher on Tuesday as gains in tech-related shares offset worries about a weakening outlook for earnings. Gains in Amazon.com, Facebook Inc and Apple gave the biggest boost to the S&P 500 and Nasdaq, which ended the day up 0.5 percent. Netflix also rose, ending up 1 percent, after Cowen and Co said the video streaming services provider would benefit from high viewership for the recently released third series of its original show “Stranger Things”. Investors braced for remarks this week from Federal Reserve Chairman Jerome Powell during his two-day testimony before Congress, which starts on Wednesday. Also due on Wednesday is the central bank’s June policy meeting minutes. Wall Street’s main indexes have ...

Imatinib is the generic version of Novartis Pharmaceuticals Corporation's Gleevec tablets Lupin shares rallied 2 percent intraday on July 9 after the launch of cancer drug in the United States. Company's alliance partner Natco had received approval for the drug from the United States Food and Drug Administration (US FDA) earlier. On July 9, the pharma major announced the launch of Imatinib Mesylate tablets, available in 100 mg and 400 mg strengths. Imatinib is the generic version of Novartis Pharmaceuticals Corporation's Gleevec tablets. The drug is indicated for the treatment of newly diagnosed adult and pediatric patients with Philadelphia chromosome-positive chronic myeloid leukemia (Ph+ CML) in chronic phase. Imatinib Mesylate tablets had annual sales of approximately $548 million in the US, according to IQVIA MAT data as of May 2019. The stock was quoting at Rs 746.80, up to Rs 13.05, or 1.78 percent on the BSE at 1316 hours IST. A...

TeamLease | IFCI | Edelweiss Financial | KPI Global | JK Tyre | SAIL | Reliance Power and JSW Steel are stocks which are in the news today. Results on July 8: Steel Strips Wheels, Goa Carbon, Delta Corp Mindtree: K Natarajan, NS Parthasarathy, Rostow Ravanan resigned. Adhunik Industries: Mahesh Kumar Agarwal, Non-Executive Director (Chairman) of the company, has resigned from the post of directorship. Siemens: Company transferred its leasehold interest in the property at Halol Industrial Area (Phase III) in Gujarat to LM Wind Power Blades (India) Private Limited for Rs 158.5 crore. TeamLease Services: Company acquired an additional 25 percent stake in Cassius Technologies Private Limited (Fresher's World). Aster DM Healthcare: Company incorporated a limited liability partnership, Aster Clinical Lab LLP, in India. City Union Bank: Bank is registered as a mutual fund distributor with BSE Star Mutual Fund platform for distribution and redemption ...