Tuesday, July 17News That Matters

Market

Nifty Slips 59 points, Sensex breaks 35,500; Closed in 35,470

Nifty Slips 59 points, Sensex breaks 35,500; Closed in 35,470

Breaking News, Market
Indices ended at day's low with Nifty slipped below 10,800 and Sensex fell over 219 points as selling pressure seen in midcaps. The market breadth was on decline with 809 shares have advanced, 1721 shares declined, and 143 shares are unchanged. Tata Motors, HPCL, BPCL, L&T, ICICI Bank, Coal India, and Power Grid are the top losers on the indices. Expect IT space, all other sectoral indices ended lower with 0.4 percent to 2 percent cut.
Redmi Y2 launched in India at Rs 9,999; has portrait selfie mode, AI face unlock

Redmi Y2 launched in India at Rs 9,999; has portrait selfie mode, AI face unlock

LifeStyle, Market
Handset maker Xiaomi on Thursday launched a selfie-focused budget smartphone, the Redmi Y2, in India at an event in Delhi. The phone succeeds the Redmi Y1 and is priced starting Rs 9,999. Those want to buy the device will be available to do so on amazon.in, mi.com and Xiaomi's Mi Home retail stores in India. The phone is available in two variants – 3GB RAM and 32GB storage, and 4GB RAM and 64GB storage. The 3GB RAM variant is priced at Rs 9,999, while the beefier 4GB RAM variant costs Rs 12,999.  In addition to the Redmi Y2, Xiaomi also launched its latest operating system MIUI 10 in India. The artificial intelligence-powered OS was unveiled in China last week, and comes with advanced photography algorithms and features such as full screen display gestures, and AI Preload,
HDFC Bank Recognized for Best Practices in Payment Security at Visa Summit

HDFC Bank Recognized for Best Practices in Payment Security at Visa Summit

Market
HDFC Bank has once again been recognized with the Champion Security Award at the 14th Visa Asia Pacific Security Summit. For the second time in a row, the bank has won the award in the India & South Asia category. The Award is a mark of excellence reflecting leadership in risk management and payment security performance. “Congratulations to HDFC Bank on receiving their Visa champion security award. HDFC Bank has reliably exhibited a high level of risk management proficiency, which has constantly created a safe payment environment for consumers and merchants in India & South Asia. The award recognizes banks who apply international best practices to every aspect of keeping electronic transactions secure,” Shivakumar Sriraman, Chief Risk Officer-India & South Asia, Visa, said.
FPI investments in capital markets amount to Rs.223.1 bln in January 2018

FPI investments in capital markets amount to Rs.223.1 bln in January 2018

Market
Both debt and equity markets experience net inflows Foreign Portfolio Investors (FPIs) injected funds worth Rs.223.1 billion in domestic capital market during January 2018. Funds worth Rs.55.2 billion were withdrawn in December 2017. Both debt and equity markets experienced net inflows. Net inflows from debt and equity markets amounted to Rs.93.6 billion and Rs.129.8 billion, respectively. Mutual fund investments fell by 1.5 per cent to Rs.269.3 billion as compared to the preceding month. Investments in equity markets declined while debt markets witnessed rise in investments in January.
Lenovo’s Three-Wave Strategy Delivers Strong Revenue and Earnings in Third Quarter FY2017/18

Lenovo’s Three-Wave Strategy Delivers Strong Revenue and Earnings in Third Quarter FY2017/18

Market
Lenovo Group (HKSE: 0992) (PINK SHEETS: LNVGY) announced results for its third fiscal quarter ended December 31, 2017. Revenue was US$12.9 billion, a 6.3 percent increase year-over-year, and 10 percent increase over the second fiscal quarter of FY2017/18. Lenovo continued to enjoy significant revenue gains in PCs and smart devices (PCSD) and the Data Center Group (DCG). Lenovo’s Mobile Business Group (MBG) performed as expected for the quarter. Lenovo showed strong pre-tax income growth in the quarter, up sharply to US$150 million, a four-fold increase from last quarter, and nearly a 50 percent jump from the same period a year earlier. Lenovo management credited the performance to execution of its “three-wave strategy,” which emphasizes leadership in its core businesses, growth in key seg
CRISIL, SIDBI Launch India’s First MSE Sentiment Index

CRISIL, SIDBI Launch India’s First MSE Sentiment Index

Market
The Union Minister for Finance and Corporate Affairs Shri Arun Jaitley launched CriSidEx , India’s first sentiment index for micro and small enterprises ( MSEs) developed jointly by CRISIL & SIDBI here today. CriSidEx is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a scale of 0 (extremely negative ) to 200 ( extremely positive) . The parametric feedback was captured through a survey of 1100 MSEs in November –December. CriSidEx will have 2 indices , one for the ‘survey quarter’ and another for the ‘next quarter’ once a trend emerges after few rounds of the survey , providing independent time series data. The crucial benefit of CriSidEx is that its readings will flag potential headwinds and changes in production cycles and thus he
Notice Inviting Application (NIA) for Registration of Contractors in Eastern Coalfields Limited

Notice Inviting Application (NIA) for Registration of Contractors in Eastern Coalfields Limited

Logistics, Market
Notice Inviting Application (NIA) for Registration of Contractors in Eastern Coalfields Limited towards Transportation of Coal/Sand and Loading by Pay-Loader / Excavator. Sealed application in prescribed format is invited from the bonafide and experienced contractors for registration towards undertaking the work of: (i) Transportation of Coal. (ii) Transportation of Sand. (iii) Loading by Pay – Loader. (iv) Loading by Excavator. The Application form along with the Notice Inviting Application may be downloaded from ECL website www.easterncoal.gov.in and Government portal www.tenders.gov.in till 31.08.2018 from 01.09.2016. In that case, a Demand Draft (Non - Refundable) of Rs. 573.00 (Rupees Five hundred & Seventy three only), drawn in favour of Eastern Coalfields Limited payable a
Amazon Celebrates Biggest Holiday; More Than Four Million People Trialed Prime In One Week Alone This Season

Amazon Celebrates Biggest Holiday; More Than Four Million People Trialed Prime In One Week Alone This Season

Market
Amazon celebrated its biggest holiday season with customers all around the world shopping at record levels. Prime membership continued to grow this holiday – in fact, in one week alone, more than four million people started Prime free trials or began paid memberships, to benefit from free two-day, one-day or same-day shipping, in addition to ultra-fast one and two hour delivery with Prime Now. Customers shopped from hundreds of millions of products, including a vast selection from small businesses and entrepreneurs. More than one billion items were ordered from small businesses and entrepreneurs worldwide this season – and over just five days, from Thanksgiving through Cyber Monday, nearly 140 million items were ordered from small businesses and entrepreneurs. Amazon Devices also had it
Mahindra Logistics IPO to open on October 31: 10 things you should know

Mahindra Logistics IPO to open on October 31: 10 things you should know

Market
Mahindra Logistics, the subsidiary of Mahindra & Mahindra, is scheduled to open its initial public offering on October 31, with a price band of Rs 425-429 per share. The offer will close for subscription on November 2, 2017. The book running lead managers to the issue are Kotak Mahindra Capital Company and Axis Capital. Equity shares are proposed to be listed on BSE and NSE. Here are 10 things one should know before investing in Mahindra Logistics IPO:- Company Profile Mahindra Logistics, the 3rd party logistics (3PL) solutions provider, is a part of the Mahindra Partners Division of the Mahindra Group. It operates in two distinct business segments - supply chain management (SCM) and corporate people transport solutions (PTS). Through its SCM business, the company offers custom...