markets

 
Play this video BTVI
img

Stocks In News

 

WHEELS INDIA

Mulls 1:1 Bonus Share Issue

CITY UNION BANK

To Issue 1:10 Bonus Shares; Record Date At July 11

AVANTI FEEDS

Approved Bonus Issue Of 1:2; Record Date At June 27

PHOENIX MILL

Arm Buys Under-Construction Asset For Rs 234 Cr In Indore At Auction

Brownfield Acquisition To Add Approx. 1.1 Mn Sq. Ft. To Co's Retail Portfolio

SYMPHONY

Co In Pact To Buy 95% Of Climate Tech Pty, Australia

Deal Size Stands At Rs 201-211 Cr In Valuation

TATA MOTORS

JLR Investor Presentation:

Have Exciting Products, Plans In The Pipeline To Generate Sustainable Growth

Aiming For A 4-7% EBIT Margin Over Medium Term, Will Invest 4.5 Bn GBP In FY19-21

Aiming For A 7-9% EBIT Margin Over Long Term

Long Term Investment Pegged At 12-13% Of Revenue

Retail Volume Grew By 1.7% & Revenue Grew By 6% In FY18

Also Launched Jaguar I-Pace As Co's First All Battery Electric Vehicle

ASIAN PAINTS

To Set Up 5 Lk KL/Annum Plant At Visakhapatnam For Rs 1,785 Cr

To Set Up 6 Lk KL/Annum Plant In Mysore For Rs 2,300 Cr

Co's International Business Did Not Perform Well In FY18

Economy & Inflated Currency Hit Co's Egyptian Operations

UNICHEM LAB

To Launch Generic Tadalafil After Filing ANDA With USFDA

BIOCON

Sterile Drug Product Manufacturing Facility In Bengaluru Receives EIR From USFDA

USFDA's Pre-Approval & Inspection Of Facility Done In April & May 2018

EIR Notifies That The Inspection Stands Closed

Co Committed To Global Standards Of Quality & Compliance

DR REDDY'S

Dr Reddy's Loses Patent Case With Eli Lilly Over Alimta

Co Cannot Launch Its Alternative Salt Forms Until The Eli Lilly Patent Expires

The U.S. District Court For The Southern District Of Indiana Ruled In Favour Of Lilly

The Eli Lilly Patent Expires In May 2022

  • SENSEX

    35,470.35 219.25   (-0.61 %)
  • NIFTY

    10,762.45 59.40   (-0.55 %)
img
Play this video BTVI
UCO approaches FinMin seeking Rs 5,000 Cr for recap in FY19

News In Brief

 

    Wall Street opens lower as trade fears weigh

    New York: Wall Street’s main indexes opened lower on Monday as a move to curb Chinese investments in U.S. technology firms further raised tensions between the United States and its trading partners.

    The Dow Jones Industrial Average fell 117.16 points, or 0.48 percent, at the open to 24,463.73. The S&P 500 opened lower by 11.94 points, or 0.43 percent, at 2,742.94. The Nasdaq Composite dropped 61.70 points, or 0.80 percent, to 7,631.12 at the opening bell.

    (Reuters)

     

    Taliban key commander among 12 killed in Afghanistan

    Kabul: A key Taliban commander was among 12 militants who were killed on Monday as security forces repulsed an attack by the militant group to overrun a district in Afghanistan's Faryab province, officials said. 

    "Hundreds of Taliban militants launched massive offensive to overrun Ghormach district but the security forces retaliated and forcing militants to flee after leaving 12 bodies behind including their key commander Mullah Wais," Army spokesman Mohammad Hanif Rezai told Xinhua news agency. He said that 19 more militants sustained injuries in the fighting that lasted for a few hours.

    (IANS) 

    WDM witnesses trade worth Rs 566.50 cr on NSE

    Mumbai: Wholesale debt market segment of the National Stock Exchange today witnessed a total turnover of Rs 566.50 crore in 22 trades.

    Top securities (nn-repo) traded at the WDM: The 7.94 per cent Government security maturing in CG2021 traded value of Rs 125.00 crore at weighted yield of 7.69 per cent, the 7.80 per cent Government security maturing in CG2021 traded value of Rs 125.00 crore at weighted yield of 7.67 per cent and the 6.84 per cent Government security maturing in CG2022 traded value of Rs 50.00 crore at weighted yield of 7.85 per cent, an nse release said.

    (PTI)

    EU Commission says hopes Turkey will stay committed partner after vote

    Brussels: The European Commission said on Monday it hoped Turkey would remain a committed partner after an election which gave President Tayyip Erdogan sweeping new executive powers. 

    With virtually all votes counted, Erdogan took 53 percent of the vote while in the parliamentary vote his AK Party took 42.5 percent and its MHP nationalist allies secured 11 percent, outstripping expectations. “We hope that under President Erdogan’s leadership Turkey will remain a committed partner for the European Union on major issues of common interest such as migration, security, regional stability and the fight against terrorism,” a spokesman for the European Commission told a regular briefing.

    (Reuters)

    Four Germans arrested, one released, during elections in Turkey

    Berlin: Four German citizens were detained in Turkey during Sunday’s elections, a German foreign ministry spokeswoman said, with one of them subsequently released. 

    “I can confirm that ... three German citizens were arrested,” foreign ministry spokeswoman Maria Adebahr told a regular news conference.“I cannot confirm that these were election observers in the sense of being member of the OSCE mission,” she added. The fourth German citizen, a businesswoman, had been released and was not banned from leaving the country, she added.

    (Reuters)

    Erdogan adviser says focus on economic targets, reforms after elections

    Ankara: The Turkish government will focus on economic targets and reforms after President Tayyip Erdogan triumphed in Sunday’s presidential and parliamentary elections, Erdogan’s chief economic adviser Cemil Ertem told Reuters. 

    In an interview, Ertem said the central bank’s independence is fundamental and the bank acts in line with its needs and realities. He added that the government would take strong steps on budget discipline.

    (Reuters)

    Russia's Lavrov to meet Bolton on Wednesday: Agencies

    Moscow: Russian Foreign Minister Sergei Lavrov will meet U.S. national security adviser John Bolton in Moscow on Wednesday, Interfax cited the foreign ministry as saying.

    (Reuters)

    Russia hopes to discuss Syria with Bolton in Moscow: RIA

    Moscow: Russian officials hope to discuss the situation in Syria with U.S. national security adviser John Bolton during his visit to Moscow, RIA news agency citied Russian Deputy Foreign Minister Mikhail Bogdanov as saying on Monday. 

    U.S. Secretary of State Mike Pompeo said last week Bolton was planning to travel to Moscow on Sunday or Monday and that he expected that the visit would lead to a meeting between U.S. President Donald Trump and Russian President Vladimir Putin.

    (Reuters)

    China, France sign agreement on imports of French beef to China

    Beijing: China signed an agreement on Monday with France on importing beef from the European country. 

    The deal was on the hygiene and inspection requirements for French beef, according to a statement read out by an unidentified Chinese official who announced the agreement at the Great Hall of the People.

    (Reuters)

    Diageo India invests in HipBar

    New Delhi: Diageo India, through its legal entity United Spirits, today announced an undisclosed equity investment in HipBar, a payment technology startup that caters to the beverage alcohol industry and its consumers, through its mobile wallet and delivery app.

    With this investment, the company will support HipBar's digital ambition and help expand its footprint across more markets, a company release said. 

    (PTI)

    Vodafone offers free Amazon Prime subscription with RED plans

    Mumbai: Vodafone India has joined hands with Amazon to offer the latter's Prime one-year subscription worth Rs 999 for free to all its RED postpaid customers.

    This aims at providing customers Prime Video, Prime Music and unlimited free fast shipping on items along with early and exclusive access to deals on Amazon.in, a joint statement said today.

    (PTI) 

    Merkel still seeking European solution on migration: Spokesman

    Berlin: German Chancellor Angela Merkel continues to seek a European solution on the migration issue in talks with other European leaders, her spokesman said on Monday, after discussions among some European Union states failed to produce an agreement. 

    “The chancellor is working with European partners to discuss European solutions,” Steffen Seibert told a regular government news conference. Merkel, facing a revolt by her Bavarian conservative allies that could break up her government, on Sunday said she would seek direct deals with separate EU states on migration, conceding the bloc had failed to find a joint solution to the issue threatening her government.

    (Reuters)

    Opposition denied equal conditions in Turkey elections: OSCE observers

    Ankara: Opposition parties were denied equal conditions for campaigning in Turkey’s elections and the incumbent president and ruling party enjoyed undue advantages, including in the media, the Organization for Security and Cooperation in Europe (OSCE) said on Monday.

    “The restrictions we have seen on fundamental freedoms have had an impact on these elections. I hope that Turkey lifts these restrictions as soon as possible,” said Ignacio Sanchez Amor, head of the OSCE short-term observer mission in Turkey. But observers from the rights body praised the high participation of Turkish citizens in the elections, saying they had demonstrated their commitment to democracy. Turnout in Sunday’s polls was around 87%.

    (Reuters)

    AT&T to buy online ad exchange firm AppNexus

    AT&T Inc said on Monday it would acquire online advertisement exchange company AppNexus Inc.

    AppNexus will become a part of AT&T advertising & analytics, as U.S. telecom company aims to grow its digital advertising in order to combat Alphabet Inc’s Google and Facebook Inc.  AT&T did not disclose the deal value. However, it is expected to be $1.6 billion, the Wall Street Journal reported here, citing sources last week.

    (Reuters) 

    Turkey's Erdogan, Russia's Putin discuss deepening ties

    Ankara: Russian President Vladimir Putin called Turkish counterpart Tayyip Erdogan to congratulate him on his election victory, and the two leaders discussed deepening and improving bilateral ties in the phone call, a Turkish presidential source said. 

    Putin and Erdogan reiterated the importance of cooperation on regional issues, especially on Syria, the source added.

    (Reuters)

    Harley-Davidson says will not raise prices to cover tariff costs

    Harley-Davidson Inc said on Monday it would not raise retail or wholesale prices to its dealers to cover the costs of the retaliatory tariffs by the European Union on U.S. products.

    In the near term, the company will bear the significant impact resulting from these tariffs, it said in a regulatory filing. The company estimated the incremental cost for the rest of 2018 to be $30 million to $45 million.

    (Reuters)

    Shell, Exxon not to seek compensation for end of Groningen gas production: Govt

    Amsterdam: Energy companies Royal Dutch Shell (RDSa.L) and Exxon Mobil (XOM.N) will not submit a claim for missed revenue due to the Dutch government’s decision to halt gas production at the Groningen field by 2030, the Dutch ministry of Economic Affairs said on Monday. 

    The Dutch government expects that around 450 billion cubic metres (bcm) of gas will be left in the ground at the Groningen field, with an estimated value of 70 billion euros (61.58 billion pounds).

    (Reuters)

    Thai deputy PM says general election to be held between February 24 and May 5

    Bangkok: Thai Deputy Prime Minister Wissanu Krea-ngam said on Monday a general election will be held next year between Feb. 24 and May 5, signaling the possibility of another delay of a vote that had tentatively been set for next February. 

    Wissanu also told reporters the ruling junta would lift a ban, in place since a 2014 coup, on some political activity by parties between September and December this year.  But a ban on campaigning would remain during that period, Wissanu said.  The military has been running Thailand since the May 2014 coup when it ousted the civilian government of Prime Minister Yingluck Shinawatra.

    (Reuters) 

    PM May's spokesman: It’s up to companies if they want to air their views over Brexit

    London: Prime Minister Theresa May’s spokesman on Monday said it was up to individual firms to decide if they wanted to speak out about Brexit, but that the government was confident of securing an EU exit deal that businesses can get behind.

    “We have had long-standing engagement with business in relation to the Brexit process ... and we will continue to have that engagement. But what we’re clear on is that we are going to secure a Brexit deal which all employers in this country should be able to support,” the spokesman told reporters, adding that the government had had more than 2,500 meetings with business. A number of high-profile employers have in recent days warned of the dangers to their business of any failure to get a workable Brexit deal.

    (Reuters)

    One person dies after explosion at Zimbabwe president's rally: State radio

    Harare: One person died on Monday from injuries following an explosion that rocked Zimbabwe President Emmerson Mnangagwa’s Saturday campaign rally in the city of Bulawayo, state-owned radio said on its official Twitter account. 

    Mnangagwa escaped unhurt and police have said they were searching for a motive for the blast that injured 49 people in the opposition stronghold.

    (Reuters)

    Jet Airways says to buy additional 75 Boeing 737 Max jets

    Bengaluru: Jet Airways (India) Ltd said on Monday it has entered into an agreement with Boeing Co for purchase bit.ly/2K5KXVn of an additional 75 Boeing 737 MAX aircraft. 

    In April this year, Boeing said it had won an order for 75 of its 737 MAX narrowbody jets from the Indian carrier.

    (Reuters)

    Forced tech transfers still practiced in China: EU's Katainen

    Beijing: Forced tech transfers in China are still practiced and hampering investment, European Union Commission Vice President Jyrki Katainen said on Monday.

    The European Union and China’s planned exchange of market access offers in investment talks is a step closer to reaching an agreement, Katainen said in a news conference following the EU-China High-level Economic Dialogue in Beijing.  Separately, he said EU’s countermeasures against U.S. tariffs are in line with WTO rules.

    (Reuters) 

    Heathrow expansion sends message about 'Global Britain': PM May's spokesman

    London: Prime Minister Theresa May believes that expanding London’s Heathrow airport sends a message about Britain’s global ambitions, her spokesman said on Monday before a vote in parliament on an expansion plan.

    “The PM has set out on a number of occasions why she believes that expanding Heathrow is the right decision for Britain and that she believes it sends out an important message about global Britain and making the most of the opportunities which lie ahead of us,” the spokesman told reporters.  

    (Reuters) 

    RBI sets rupee reference rate at 68.1466 against dollar

    Mumbai: The Reserve Bank of India today fixed the reference rate of the rupee at 68.1466 against the US dollar and 79.3499 for the euro.

    The corresponding rates were 67.7695 and 78.8566, as on June 22, 2018. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 90.2738 and 62.27 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon. The SDR-rupee figure will be based on this rate, the statement added. 

    (PTI) 

    South Korea picks Boeing P-8 for $1.7 billion maritime patrol aircraft contract

    Seoul: South Korea’s military picked Boeing Co (BA.N) to supply the country’s maritime patrol aircraft in a contract worth around 1.9 trillion won ($1.71 billion), a senior executive at Boeing said on Monday. 

    The South Korean procurement agency Defense Acquisition Program Administration (DAPA) said separately that it had decided to buy the P-8 Poseidon aircraft through the U.S. government foreign military sales program. South Korea said in February that it would procure from overseas new maritime patrol aircraft with stronger anti-submarine capabilities in order to better respond to the threat of North Korea’s submarine-launched ballistic missiles.

    (Reuters)

    Sensex falls 219.25 pts to end at 35,470.35

    New Delhi: Sensex falls 219.25 pts to end at 35,470.35, while Nifty sheds 59.40 pts to 10,762.45.

    (PTI)

     

    Use plastic with responsibility: Parrikar

    Panaji: Goa Chief Minister Manohar Parrikar on Monday asked the people to be responsible with the use of plastic. "Now that the new market has been inaugurated, I want to underline that it is our responsibility to keep it clean.

    We should stop throwing plastic bags everywhere," Parrikar said in a video, a day after a new fish market was opened in south Goa's Margao area. The Chief Minister, who has returned from a three-month stint in the US where he was undergoing advanced treatment for pancreatic cancer, has been using videos to communicate with the people of the state.

    (IANS) 

    India announces USD 100 million credit to Seychelles for augmenting maritime defence capability

    New Delhi: India on Monday announced USD 100 million credit to Seychelles for augmenting its maritime defence capability, said Prime Minister Narendra Modi after a meeting with Seychelles President Danny Faure.

    (PTI)

    Recent floods cost French insurers around 430 million euros: Insurance body

    Paris: A wave of floods and storms that hit France during the spring is estimated to have the country’s insurers some 430 million euros ($501.4 million), said the FFA French insurance federation on Monday.

    There were flash-floods in Paris in May and June, while back in January heavy rainfall had caused the River Seine to engulf riverside walkways in the capital and had led the world-famous Louvre museum to close a basement display of Islamic art.

    (Reuters)

    Turkish elections were healthy, electoral board says

    Ankara: Turkey’s presidential and parliamentary elections on Sunday were healthy, the head of the High Electoral Board (YSK) said on Monday, after unofficial results showed President Tayyip Erdogan and the alliance of his ruling AK Party winning both votes.

    Speaking to reporters in Ankara, Sadi Guven said the YSK had registered 99.91 percent of the votes, and that the final results would be opened to the public in 10 or 11 days.

    (Reuters)

    Ifo economist says German economic boom is over

    Berlin: Germany’s economic boom times are over and Europe’s largest economy is on the way to a more normal growth path, Ifo economist Klaus Wohlrabe told Reuters on Monday after its latest survey showed a deterioration in German business confidence.

    Wohlrabe said the specter of a global trade war sparked by US President Donald Trump and a slowing global economy contributed to the drop in the Ifo business climate index to 101.8 in June. He added that uncertainty among German companies was growing and export expectations had fallen further. The recent crisis in Chancellor Angela Merkel’s ruling coalition over migration was not reflected in the June survey, Wohlrabe said.

    (Reuters)

    Greystar to buy Education Realty for about $4.6 billion including debt

    Greystar Student Housing Growth and Income Fund, an affiliate of Greystar Real Estate Partners, will buy Education Realty Trust Inc, an owner of collegiate housing communities, for about $4.6 billion including debt, Education Realty said on Monday.

    Education Realty shareholders will receive $41.50 per share in cash. Under the deal, Education Realty will discontinue its regular quarterly dividends, it said.

    (Reuters)

    Ghanshyam Tiwari tenders resignation from BJP

    Rebel leader Ghanshyam Tiwari on Monday tendered his resignation from Bharatiya Janata Party (BJP), saying he will fight against "undeclared emergency" in the country.

    (PTI)

    Monsoon session from July 18

    New Delhi: The Monsoon session of Parliament will commence from July 18 and end on August 10, the Cabinet Committee of Parliamentary Affairs recommended today.

    The CCPA, chaired by Home Minister Rajanth Singh, met here today to recommend the dates. The President will now formally convene the session. The session will have nearly 18 sittings, Parliamentary Affairs minister Ananth Kumar told reporters here.

    (PTI)

    ING expects details on consequences of bribery probe by end of third quarter

    Amsterdam: ING, which is under investigation by Dutch prosecutors in a criminal probe into money laundering and corruption that could result in significant fines, said on Monday it expects more information on the timing of any “consequences” later this year.

    ING first acknowledged it was subject to the probe in its 2017 annual report, and has declined comment beyond closely-worded disclosures.

    (Reuters)

    NBCC agrees in HC to not cut trees till July 4 for south Delhi redevelopment

    New Delhi: NBCC has agreed in the Delhi High Court to not cut trees till July 4 for south Delhi redevelopment.

    (PTI)

    ING expects details on consequences of bribery probe by end of Q3

    Amsterdam: ING, which is under investigation by Dutch prosecutors in a criminal probe into money laundering and corruption that could result in significant fines, said on Monday it expects more information on the timing of any “consequences” later this  year.

    ING first acknowledged it was subject to the probe in its 2017 annual report, and has declined comment beyond closely-worded disclosures.

     (Reuters) 

    Russia says 70 Syrian rebels killed in fighting in country's south: Agencies

    Moscow: The Syrian army, supported by the Russian Air Force, has repelled a rebel attack in the southern “de-escalation zone,” killing around 70 rebels, Russian news agencies cited the Russian Defence Ministry as saying on Monday.

     (Reuters) 

    Earthquake shakes southern Greece

    Athens: A 5.5 magnitude earthquake shook the southwestern area of the Peloponnese in Greece in the early hours of Monday.  Its epicenter was offshore, 26 km (16 miles) west of the town of Methoni at a depth of 30.4 km, the U.S. Geological Survey said. 

    There were no early reports of serious damage or injuries, officials said.  An aftershock was measured at 3.3, the head of the Athens Geodynamic Institute, Gerasimos Papadopoulos, told Greek TV ERT.  The Peloponnese is a peninsula, separated from mainland Greece by the Corinth canal.

    (Reuters) 

    Foodgrain prices ruled steady

    Chennai: Prices of all commodities ruled steady in the wholesale foodgrain market here today.

    Following are the wholesale rates of various agri-commodities (rates in rupees per quintal, unless stated otherwise): Thoor Dal Rs 6,700, Urad Dal Rs 6,700, Moong Dal Rs 6,900, Gram Dal Rs 4,600, Sugar Rs 3,500, Wheat Rs 2,900, Maida (90 kg) Rs 2,600 and Sooji (90 kg) Rs 3,000. 

    (PTI) 

    Erdogan says Turkey will continue advancing in Syria

    Ankara: Turkey will continue to “liberate Syrian lands” so that refugees can return to Syria safely, President Tayyip Erdogan said in an election victory speech on Monday.

    Speaking to supporters from the balcony of his ruling AK Party’s headquarters in Ankara after Sunday’s presidential and parliamentary elections, Erdogan said Turkey would also act more decisively against terrorist organisations.

    (Reuters) 

     

     

     

     

img

Global Markets

 

twitter @BTVI