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,...

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

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...

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 ...

Brent crude futures were up 23 cents, or 0.4 percent, at $63.23 a barrel by 0054 GMT. Oil prices fell on July 29 after Iran described emergency talks on a multi-party nuclear agreement with a group of signatories as "constructive", suggesting an easing of tensions in the Middle East. Brent crude futures were up 23 cents, or 0.4%, at $63.23 a barrel by 0054 GMT. Prices rose 1.6% last week. US West Texas Intermediate crude was down by 12 cents, or 0.2%, at $56.08 a barrel. WTI gained 1% last week. An emergency meeting with parties to Iran's 2015 nuclear deal was constructive but there are unresolved issues and Tehran will continue to reduce its nuclear commitments if Europeans fail to salvage the pact, Iranian official Abbas Araqchi said on Sunday. "The atmosphere was constructive. Discussions were good. I cannot say that we resolved everything, I can say there are lots of commitments," Araqchi, the senior Iranian nuclear negotiator, told...

Maruti Suzuki | Allahabad Bank | Future Lifestyle Fashions | ICICI Bank | Power Mech Projects | Manpasand Beverages and Usha Martin are stocks which are in news today. Dr Reddy’s Laboratories, DLF, IRB InvIT Fund, Supreme Industries, IFB Agro Industries, Bank of Maharashtra, General Insurance Corporation of India, Navin Fluorine International, Kingfa Science & Technology (India), Sanofi India, Bharat Electronics, Orient Cement, GHCL, Lloyds Steels Industries, India Grid Trust, Gokaldas Exports, Adroit Infotech, Sun Pharma Advanced Research Company, Century Enka, JMC Projects (India), Castrol India, Dalmia Bharat Sugar, Shriram City Union Finance, Chennai Petroleum Corporation, Kansai Nerolac Paints, Rane Engine Valve, Transport Corporation of India, Alembic Pharmaceuticals, Tata Sponge Iron, Cochin Shipyard, Shalby, AYM Syntex, Strides Pharma Science, V2 Retail, Valecha Engineering, Indian Card Clothing Company, EID Parry India, KPR Mill, Muthoot Capital Services Unic...

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...

Bears had completely gripped the indices this week. Technical charts are looking weak which suggest that there will be further declines among the bourses. Investors must not pre-empt bottoms for the mid and smallcap space. Prudent trading and investing calls for restraint and investors must wait for signs of revival before jumping into a quality mid and smallcap stocks, Umesh Mehta, Head of Research, SAMCO Securities, said in an interview with Moneycontrol’s Kshitij Anand. Q) Bears remained in control throughout the week as they pushed the Nifty50 below crucial support levels, down more than 1 percent for the week. It's July expiry was the lowest since October 2018. What do the technicals suggest as crucial support and resistance levels for the coming week? A) Bears have completely gripped the indices this week. The technical charts are looking weak which suggest that there will be a further decline of the bourses. However, the Nifty is expected to see some bo...

While having a buy call on the stock, Jefferies said the bank reported decent pre-provision operating profit and NIM/NII & Fee were a beat offset by elevated costs, though asset quality disappointed in Q1. Shares of Bank of Baroda rallied more than 4 percent intraday on July 26 after global brokerage houses remained bullish on the stock, despite cutting the price target, after the amalgamated lender turned profitable in June quarter (Q1). According to Jefferies, the bank reported decent pre-provision operating profit and NIM/NII, though asset quality disappointed in Q1. The brokerage gas a buy call on the stock. The public sector lender turned profitable in the June quarter after reporting net profit at Rs 710 crore post amalgamation against loss of Rs 49 crore in the year-ago quarter. Last year, Dena Bank and Vijaya Bank were merged with Bank of Baroda. Net interest income during the quarter grew 2.6 percent with YoY credit growth of the amalgamated entit...

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...