Bajaj Auto June sales up 24% at at 3,46,136 units

The company had sold 2,78,097 units in the same month a year ago.

from Moneycontrol Business News https://ift.tt/2Ts3AIS

Green to Greener: GAIL eyes 1 GW renewable energy capacity, to set up biogas, ethanol plants

As part of a push to embrace cleaner forms of energy, GAIL will be laying pipeline infrastructure to connect consumption centers to gas sources and spend as much as Rs 4,000 crore on renewable energy, GAIL Chairman and Managing Director Manoj Jain said.

from Moneycontrol Business News https://ift.tt/3xajg2g

#39;Mid smallcaps may continue to outperform; these sectors to benefit form unlocking of economy#39;

Nair picks auto, consumers durables, hospitality, banks and industrials to take charge as the economy reopens

from Moneycontrol Market Outlook https://ift.tt/363A3YL

Trade Spotlight: What should investors do with Central Bank, IOB and PNC Infratech?

Stocks that were in focus include the Central Bank of India which closed with gains of over 8 percent, IOB rose nearly 9 percent, and PNC Infratech closed with gains of 11 percent on Wednesday.

from Moneycontrol Market Outlook https://ift.tt/3jt2Xtd

Bajaj Auto to set up engineering design centre in Spain, new company in Brazil

The centre in Spain is Bajaj’s attempt at garnering European engineering talent, on the lines of its rivals Hero MotoCorp and Royal Enfield. Brazil’s two-wheeler market is the largest in Latin America, and the eighth-largest in the world. It is dominated by Japanese heavyweight Honda

from Moneycontrol Business News https://ift.tt/2TrLmat

DAILY VOICE | Third Covid wave biggest test for Indian market, says Amit Shah of BNP Paribas

We do not think the domestic economy-related stocks will materially outperform as the second lockdown was very methodical with select sectors like travel, tourism, restaurants, and consumers were severely impacted, says Shah.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-third-covid-wave-biggest-test-for-indian-market-says-amit-shahbnp-paribas_15245581.html

Hot Stocks: ICICI Lombard, Info Edge and IGL top buy ideas, here’s why

If the index breaks the crucial resistance zone of 15920-16000 levels in the coming trading sessions then buying will resume again. Support for the index is placed near 15500 levels which are clubbed with a SAR indicator.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/hot-stocks-icici-lombard-info-edgeigl-top-buy-ideas-here’s-why_15245481.html

Focus on profitability as IT firms set to clock best growth after COVID-19

Ramp-up of deals won in earlier quarters and increased spending intensity on new technologies are set to accelerate revenue growth rates

from Moneycontrol Business News https://ift.tt/3w7Y1gd

Zydus’ COVID-19 vaccine shows 66.6% efficacy in Phase-3 interim analysis, company files for emergency use

No moderate case of COVID-19 disease was observed in the vaccine arm post administration of the third dose suggesting 100% efficacy for moderate disease. No severe cases or deaths due to COVID-19 occurred in the vaccine arm after administration of the second dose of the vaccine.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/zydus’-covid-19-vaccine-shows-666-efficacyphase-3-interim-analysis-company-files-for-emergency-use_15245821.html

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

from Moneycontrol Business News https://ift.tt/3qC0NZX

Moneycontrol Daily: Your Essential 7

A daily round up of the most interesting articles to help jump start the day.

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Small Midcap Mantra: This AMC is trading near crucial support; experts see over 20% upside in short term

Technical charts suggest a buying opportunity in Nippon India MF.

from Moneycontrol Market Outlook https://ift.tt/3jsOWvJ

Bharat Biotech says hasn#39;t got advance payment nor supplied jabs to Brazil

Bharat Biotech was responding to reports in media about the allegations of graft surrounding the $324-million Covaxin contract signed by Brazil, which has since been suspended by that country.

from Moneycontrol Business News https://ift.tt/3A67RlQ

Received 27,700 user complaints, removed over 59,000 content pieces in April in India: Google

Google is among the first large digital platforms to release its monthly compliance report in compliance with the IT rules that came into force from May 26.

from Moneycontrol Business News https://ift.tt/3h5pSsW

Google to clamp down on online financial scams in Britain

Britain#39;s financial watchdog issued 1,200 consumer warnings last year about scams advertised via social media platforms by fake companies, double the number in 2019.

from Moneycontrol Business News https://ift.tt/3qzCkEB

June auto sales likely to improve over May; experts see better days ahead

Experts see the numbers improving in the coming months amid the pick-up in vaccination drive, hopes of a normal monsoon and rural recovery.

from Moneycontrol Business News https://ift.tt/3hixMOO

Amid worries over demand revival, Axis Bank sees 10 times growth in online shopping fest

The bank is giving its debit and credit card holders a flat 15 percent cashback on partner e-commerce portals like Flipkart and Amazon as part of the ten-day "Grab Deals Fest" which is on till July 4.

from Moneycontrol Business News https://ift.tt/3y92oc6

EdTech start-up Nalanda Learning Systems raises Rs 40 crore

"We have raised Rs 40 crore from Aavishkaar Capital to fund our drive to expand nationally using digital content," said Tamal Mukherjee, the CEO of Nalanda Learning Systems.

from Moneycontrol Business News https://ift.tt/3hnLPSW

CredR raises $6.5 million in its latest round led by Yamaha Motors

The funding will be used towards consolidating its market position, strengthening its technology platform and expanding customer offerings, it said.

from Moneycontrol Business News https://ift.tt/3hbh4Cd

PLI scheme extension to boost job creation across electronics manufacturing

The one-year extension was given due to production delays and component shortages amidst COVID-19. The idea behind the PLI scheme is to transform manufacturing from #39;assemble in India#39; to ‘make in India.’

from Moneycontrol Business News https://ift.tt/2Tdvk4c

Kotak Institutional Equities tweaks midcap model portfolio towards #39;reopening plays#39;; 18 stocks to watch

Brokerage says equity markets will have to adjust to higher interest rates as central banks exit their ultra-loose monetary policies over the next few months

from Moneycontrol Market Outlook https://ift.tt/3dsMiCa

Gold price today: Yellow metal trades flat below Rs 47,000 per 10 gm

Gold has support at $1,750-1,734 a troy ounce and resistance at $1,774-1,788. Silver has support at $25.55-25.20 a troy ounce and resistance at $26.20-26.55, say experts.

from Moneycontrol Market Outlook https://ift.tt/3A9BvGW

More lockdowns will destroy business, employment economy: Rahul Bajaj in his last address as Bajaj Auto Chairman

There is enough evidence to show that lockdowns create massive economic uncertainty; threaten the livelihood of daily workers and the poor; prompt needless urban-to-rural migration; and sharply accentuate fears in an already fearful milieu. That will be an unmitigated disaster, the company said

from Moneycontrol Business News https://ift.tt/3jsBtUH

USFDA warning letter on Lupin#39;s Somerset facility cites repeated GMP violations at Lupin#39;s manufacturing network

"Repeated violations at multiple sites demonstrate that your company’s corporate oversight and control over the manufacture of drugs is inadequate," USFDA said in its warning letter addressed to Vinita Gupta, CEO of Lupin.

from Moneycontrol Business News https://ift.tt/3x6aK4p

Indiabulls Housing Finance gets board nod for over Rs 7,000 crore fund mop-up

This includes USD 275 million (Rs 2,043.43 crore) by issuing equity shares or other instruments.

from Moneycontrol Business News https://ift.tt/3hdGr4Y

To partner with Amazon, vendors must offer a part of their company

Such deals—75 of them over the past decade—have helped Amazon build a presence in businesses ranging from call-centre services to natural gas, The Wall Street Journal has reported.

from Moneycontrol Business News https://ift.tt/3duXUET

Not just fiscal relief, a blend of many ingredients needed to spice up hotel sectorÂ

The fiscal sops doled out are also too paltry to make a difference

from Moneycontrol Business News https://www.moneycontrol.com/news/business/not-just-fiscal-reliefblendmany-ingredients-needed-to-spicehotel-sector _15242061.html

Quizizz raises $31.5 million in funding round led by Tiger Global

The Bengaluru-based company will use the capital to expand its teams in India and the United States and to invest in partnerships to fuel international expansion.

from Moneycontrol Business News https://ift.tt/2Tk1NFU

High time to reinvent SEZsÂ

Options must be explored to make these export enclaves play a meaningful role in job creation and economic progress 

from Moneycontrol Business News https://www.moneycontrol.com/news/business/high-time-to-reinvent-sezs _15241941.html

DAILY VOICE | Earnings cycle in India bottomed, balance sheet of India Inc in best shape now, says Harish Krishnan of Kotak AMC

Generally, retail investors give a greater weightage to small and midcaps compared to institutional investors who typically have greater exposure to larger companies, says Krishnan.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-earnings-cycleindia-bottomed-balance-sheetindia-incbest-shape-now-says-harish-krishnankotak-amc_15241681.html

Trade Spotlight: What should investors do with Sequent Scientific, Titagarh Wagon Tata Tele?

Here#39;s what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today

from Moneycontrol Market Outlook https://ift.tt/3drO2fk

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

from Moneycontrol Business News https://ift.tt/3dteMMm

Petrol, diesel prices today on June 30: Fuel prices unchanged after record high, check rates in your city

In Mumbai, a litre of petrol cost Rs 104.90 while diesel priced at Rs 96.72.

from Moneycontrol Business News https://ift.tt/2TkfxAr

GIC Re swings to black in FY21, posts Rs 1,991 crore net profit

Investment income zoomed to Rs 8,820.86 crore for the year ended March 2021 as compared to the previous financial year#39;s Rs 7,125.48 crore.

from Moneycontrol Business News https://ift.tt/35YdeWj

ZF plans to invest EUR 200 million to drive growth in India over 10 years

A global leader in driveline and chasis technology, among others, ZF has been in India for more than five decades, operating through eight entities, two wholly-owned subsidiaries, five JV partners, along with 14 manufacturing locations as well as a technology centre in Hyderabad.

from Moneycontrol Business News https://ift.tt/3joaBFi

PM Jan Suraksha: FinMin keeps term insurance, accident insurance rates unchanged

Premiums to be paid for policies under PMJJBY and PMSBY will continue at Rs 330 and Rs 12 this year, although insurance companies wanted an increase of as much as 20 percent

from Moneycontrol Business News https://ift.tt/3dnfJ8I

Top commodity traders pile into the energy transition

Groups reaping bumper rewards from oil volatility sink cash into renewables and carbon trading

from Moneycontrol Business News https://ift.tt/3AbmjsY

Jaguar Land Rover drives in updated Range Rover Sport SVR in India tagged at Rs 2.19 crore

The SUV comes with a five litre supercharged V8 petrol engine that delivers a power of 423 kW and torque of 700 Nm and is capable of accelerating from 0-100 kmph in 4.5 seconds.

from Moneycontrol Business News https://ift.tt/3y0mN3d

Audi e-tron and e-tron Sportback to launch in India on July 22; bookings open

Each of these SUVs can be booked with an initial booking amount of Rs 5 lakh and the company will launch several new models under the e-tron brand, Audi India said in a statement.

from Moneycontrol Business News https://ift.tt/3y4pwsl

This underperforming sector produces nine multibaggers in 2021; what should you do?

Almost 60 per cent of the companies - 36 out of 62 - in the SP BSE FMCG index hit a fresh 52-week high in June, including names like HUL, United Breweries, Marico, Vadilal Industries, Tata Coffee, Venky#39;s and Dalmia Bharat, among others; Unlock 2.0 sparks off huge sales

from Moneycontrol Market Outlook https://ift.tt/3AcXWv4

Airblack raises $5.2 million in funding from Info Edge Ventures, Elevation Capital

The series A round also saw participation from Atelier Ventures, Ankur Nagpal (Teachable Founder and CEO), Kunal Shah (Cred founder), Better Capital, Vidit Aatrey (Meesho co-founder and CEO).

from Moneycontrol Business News https://ift.tt/2SBzwu8

Google restores services after multiple users face outage

Platforms including Google, YouTube, and Gmail were down, with users citing issues with login and accessing the website in parts of North America, according to Downdetector.

from Moneycontrol Business News https://ift.tt/3xhokSF

#39;Picture looks promising post-interval for multiplexes#39;

With vaccination drive picking up, multiplexes expect to reopen in tier 1 and 2 cities over the next three months.

from Moneycontrol Business News https://ift.tt/3A61DT4

Dr Reddy#39;s says #39;slight#39; delay in commercial rollout of Sputnik V vaccine

The delay is "due to dependency on imported consignments, and quality testing in India", the company has said.

from Moneycontrol Business News https://ift.tt/3y5dcYM

Gold Price Today: Yellow metal trades lower, experts say buy on dips for a target of Rs 47,220: Experts

Gold may remain range-bound below $18,00 until there is more clarity about the Fed#39;s monetary policy stance, experts say.

from Moneycontrol Market Outlook https://ift.tt/3w0ARbr

The Green Pivot | How Hero, Bajaj and TVS are preparing for EV competition

From barely 150,000 units sold until FY2021, analysts expect the electric two-wheeler market to grow exponentially to 15 million units annually by FY2026

from Moneycontrol Business News https://www.moneycontrol.com/news/business/the-green-pivot-|-how-hero-bajajtvspreparing-for-ev-competition_15239301.html

Facebook to publish interim compliance report as per IT rules on July 2, final report on July 15

The final report will be published on July 15, containing details of user complaints received and action taken.

from Moneycontrol Business News https://ift.tt/3doq1FY

IGL: Quality gas play at a premium

IGL#39;s valuation is fair, given zero debt on its books, monopoly in operations and long-term growth drivers

from Moneycontrol Business News https://ift.tt/3607Pyc

DAILY VOICE | Zomato IPO could see highest-ever oversubscription: Naveen Chandramohan of ITUS Capital

The primary market always turns robust during bullish markets and we clearly are in one. The supply over the next 6 months should see record issuances in terms of volumes, says Chandramohan

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-zomato-ipo-could-see-highest-ever-oversubscription-naveen-chandramohanitus-capital_15238541.html

Taj Hotels assists families of employees who died of COVID-19 with 3 months’ salary, job for family member

The luxury hotels chain will also fund the education of children of employees who succumbed to COVID. Bajaj Auto, Borosil, Tata Motors, Tata Steel, and Tech Mahindra among those which have announced similar relief packages.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/taj-hotels-assists-familiesemployees-who-diedcovid-193-months’-salary-job-for-family-member_15238861.html