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Wednesday, August 2, 2017

Morning News Headlines

    

Economic Times



Ø  Govt to sell 4% in Hindustan Copper tomorrow

Ø  Snapdeal's first investor Glass backs founders

Ø  Tech Mahindra re-appoints Gurnani as MD & CEO

Ø  Rupee hits 2.5-mth high on RBI rate cut hopes

Ø  Cochin Shipyard IPO subscribed 92% on Day 1



Business Standard


Ø  RBI MPC meet begins; experts expect 0.25% rate cut

Ø  JSW Steel quarterly profit falls 44%, but beats estimates

Ø  Bankers see red as insurance IPOs get bunched up

Ø  Marico falls 6% from record high on disappointing Q1 results

Ø  Ashok Leyland records 14% growth in total sales in July 2017



Business Line


Ø  Sensex ends at record high of 32,575; auto stocks vroom

Ø  Oil, financials get European shares off to firm start in August

Ø  SoftBank Vision Fund may invest up to $2 b in Flipkart

Ø  Manufacturing PMI drops to its lowest in more than eight years at 47.9 in July



Mint 


Ø  SIS IPO subscribed 1.34 times on Day 2

Ø  Godrej Consumer Q1 results knocked down by GST and Indonesia

Ø  Siemens Q3 Result: Tepid order flow but strong profit growth

Ø  Apple revenue rises 7.2% as iPhone shipments beat expectations



Financial Express



Ø  Sebi bans MGH Project from capital markets

Ø  Companies and financial institutions mop up close to Rs 56,000 crore by way of fund raising through equities

Ø  Reliance Jio tactics will have telcos' revenues falling 10% this fiscal

Ø  IndiGo's record Q1 profit fails to amuse Rakesh Jhunjhunwala; ace investor grills management



 Financial Chronicle


Ø  Nifty scrip HDFC Bank returned 23,934% since birth of index

Ø  Flipkart completes eBay India merger

Ø  Timken India set to acquire ABC Bearings

Ø  Sharif Brother to Carry Tarnished Pakistan Political Dynasty









More will update soon!!