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

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,...

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 

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 ...

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...

Citi has a buy call on Ambuja Cements with a target price at Rs 290 as Q2 EBITDA per tonne was at 7-year high but pricing trumped volumes. Most brokerage houses were bullish on Ambuja Cements after June quarter earnings, with CLSA upgrading the stock to buy and also raising price target to Rs 265. Strong cement pricing drove EBITDA per tonne to a multi-quarter high despite an 8 percent decline in volumes, the brokerage said. The cement maker reported a 15 percent year-on-year growth in the June quarter (Q1) standalone profit net of dividend at Rs 412 crore, backed by strong operating income. "Ambuja delivers a strong performance in the quarter backed by higher realizations and accelerated cost-saving actions. Despite higher fuel costs, the company did well by optimizing logistics costs, reducing raw material and fixed costs. Cement demand growth was muted in the quarter," Bimlendra Jha, Managing Director, and CEO said. Standalone revenue from operati...

The Nifty is already trading below its 20 and 100 days moving average. It will be interesting to see if it can take support from its 200-day moving average, which is placed around the 11,140 level. Last month, the Nifty closed on a positive note similar to the manner it closed in the first week of July, but it could not cross the psychological level of 12,000 and profit booking was seen at higher levels. The downtrend continued during the month over weak global cues and lackluster quarterly earnings, which led the market to correct by around 5 percent. Smallcaps and Midcaps underperformed in comparison to their benchmarks, and both indices closed down by 8-9 percent for the month. This is the third consecutive month where Foreign Institutional Investors (FII) are net sellers in the market, and the current month's net outflow is the highest in the last nine months. In the budget, which was announced at the starting of the month, the Finance Minister continued t...

However, AIF investments are open only for those who can invest more than Rs 1 crore There is a very good chance that you are already on your way to wealth creation by investing in either direct equity or mutual funds (MFs). These products have provided a way to participate in the India story. But, how do you protect the downside in a falling market, and diversify beyond mutual funds? The answer to the above question might lie in Alternative Investment Funds (AIFs). They can be used to dice and offer a very different data series that is not correlated to the markets. Some of the more unique examples of what can be expected from AIFs are as follows Long Short Funds: These funds are geared towards absolute, consistent returns and try to outperform liquid and arbitrage funds. Special Situations: Opportunities that open up through mergers, demergers, open offers, Rights Issues, Buybacks, Leveraged IPOs, etc. find a housing under AIFs. Enhanced Equi...

The country's third-largest private sector lender by market capitalization is expected to report healthy year-on-year growth in profit and net interest income. Shares of Kotak Mahindra Bank fell more than 3 percent intraday on July 22 despite brokerages indicating the lender is expected to report healthy numbers for the June quarter. The sharp fall could be attributed to correction in other major lenders like HDFC Bank and RBL Bank. The failure or default on repayment of interest on debts by select major corporates raised concerns over expected asset quality in coming quarters. The stock was quoting at Rs 1,460.25, down Rs 39.55, or 2.64 percent on the BSE at 13:02 hours IST. Country's third-largest private sector lender by market capitalization is expected to report healthy year-on-year growth in profit and net interest income, with stable asset quality on sequentially in Q1. Profit growth in Q1 could be up to 40 percent on fall in provisions, and...

Maheshwari is accused of misusing duty-free imports facility from Bangladesh under the South Asian Free Trade Area (SAFTA) Future Enterprises shares fell 13 percent intraday on July 15 after the Directorate of Revenue Intelligence arrested the company's chief financial officer Dinesh Maheshwari for allegedly evading customs duty worth Rs 14.58 crore. Maheshwari is accused of misusing duty-free imports facility from Bangladesh under the South Asian Free Trade Area (SAFTA). The company was importing readymade garments from Bangladesh through Petrapole Land Customs Station (LCS) without payment of basic customs duty, availing of the South Asian Free Trade Area (SAFTA) benefit, the agency said in a statement on July 13. "...he (Maheshwari) appears to be the main person responsible for the evasion of duty to the tune of Rs 14.58 crore by Future Enterprises Ltd. He appears to be guilty of an offense punishable under Section 135 of the Customs Act and has, there...

Revenue from operations during the quarter increased 7.6 percent to Rs 240.7 crore compared to the corresponding period previous fiscal, the consumer goods company said in its BSE filing Bajaj Consumer Care (erstwhile Bajaj Corp) shares gained 3 percent intraday on July 15 after company's June quarter earnings report. Consolidated net profit grew 8.9 percent to Rs 56.7 crore in June quarter, against Rs 52.1 crore in the same period last year. Revenue from operations during the quarter increased 7.6 percent to Rs 240.7 crore compared to the corresponding period previous fiscal, the consumer goods company said in its BSE filing. At the operating level, consolidated earnings before interest, tax, depreciation, and amortization (EBITDA) rose 0.9 percent to Rs 68.6 crore but margin fell 190 bps to 28.5 percent in Q1 YoY. The stock was quoting at Rs 322.75, up to Rs 4.75, or 1.49 percent on the BSE at 1352 hours IST. A special offer this week. take 2 days  f...

Hero Electric will invest Rs 40-60 crore every year to expand capacity and on R&D Hero Electric, one of the largest electric scooter manufacturers in India by sales, plans to expand its capacity from 100,000 units per annum at present to 500,000 units as the demand for electric two-wheelers is expected to rise significantly in the coming years. The company will also invest in increasing localization of components and establish an ecosystem for manufacturing its e-scooters, enthused by the push towards electric mobility by the Union government. The Naveen Munjal-led company will continue to invest Rs 40 crore to Rs 60 crore every year in the next few years for the expansion of capacity and research and development of products. The company is also in the process of increasing the number of dealerships and sub-dealerships from 600 at present to 1,000 by next year. The company is bullish about the future of electric scooters and expects a significant increase in d...

Avenue Supermarts | Allahabad Bank | BHEL | Urja Global | Mercator | Parag Milk Foods and InterGlobe Aviation are stocks which are in the news today. Results on July 15: Tinplate Company of India, Tata Metaliks, Automotive Stampings, Bajaj Consumer Care. Infosys Q1: Consolidated profit falls 6.8 percent to Rs 3,802 crore versus Rs 4,078 crore. Dollar revenue rises 2.3 percent to $3,131 million versus $3,060 million QoQ. Company raises FY20 constant currency growth guidance to 8.5-10 percent from 7.5-9.5 percent and maintains FY20 EBIT margin guidance at 21-23 percent. 3i Infotech Q1: Profit falls to Rs 1.98 crore versus Rs 34.89 crore and revenue dips to Rs 280.12 crore versus Rs 299.60 crore QoQ. Jet Airways: Creditors Committee to hold its first meeting on July 16, lenders seek to fast-track resolution of company under NCLT. DHFL Q4: Net loss at Rs 2,224 crore versus profit at Rs 314 crore, gross NPA at 2.74 percent versus 1.12 percent QoQ. Avenue Su...

With a view to discourage the practice of avoiding dividend distribution tax through buyback of shares by listed companies, the Finance Minister proposed an additional tax of 20 percent in case of buyback of shares by listed companies. Shares of KPR Mill was trading lower by over 2 percent intraday on July 12 after the company decided to cancel its buyback plan on the back of newly imposed tax obligations on such offerings, The decision pushed the scrip to its lowest level since April 15, 2019. “We have today (Thursday) filed with SEBI our communication conveying that the increase in the amount of buyback obligation due to the tax proposal in the Finance Bill 2019 was neither contemplated nor prevailing at the time of the consideration and the approvals of the board and shareholders,” the company told exchanges. JN Gupta, Former ED at SEBI told CNBC-TV18 that KPR Mill will have to approach the capital market regulator for an exemption. "One a letter of of...