China regulator fines hospital owner 100 million yuan for insider trading

BEIJING - China's securities regulator has imposed a fine of more than 100 million yuan ($15.11 million) on the owner of a hospital for insider trading, and confiscated a further 34 million yuan of his illegal gains.

Liu Yuejun, the actual controller of the Red Cross Hospital in southwest China's Sichuan Province, had bought shares in Shenzhen-listed Hangkeng

Toyota to halt operations at all Japan plants as typhoon precaution

TOKYO - Toyota Motor Corp will suspend operations at all of its assembly plants in Japan, including those of its subsidiaries, from Monday morning as a precautionary measure as a powerful typhoon approaches Japan's mainland, a spokesman said.

Tens of thousands across Japan were advised to evacuate, hundreds of flights were cancelled and rail services disrupted on

Prime Minister inaugurates ferry service

Prime Minister Narendra Modi on Sunday inaugurated the first phase of the Ghogha-Dahej Ro-Ro ferry service, a first-of-its-kind project in India, calling it "a landmark occasion for entire South-East Asia".

Describing it as his dream project, Modi said the ferry service was his "invaluable gift to India" and claimed that the even for South-East Asia, this was

Quarterly results to drive equity markets

The ongoing quarterly results season, along with cues from global markets and direction of foreign funds, are expected to set the tone for the key Indian equity indices, analysts feel.

According to market observers, indices' movements will also be influenced by geo-political developments in the Korean peninsula as well as derivatives expiry and crude oil prices.


Saudi`s Almarai third-quarter profit flat, warns of adverse market conditions

DUBAI - Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a flat third-quarter net profit on Sunday, and warned it remained cautious on the year due to adverse market conditions.

Almarai made a profit of 667 million riyals ($178 million) in the three months to Sept. 20, compared to a revised quarterly profit of 664.3 million riyals in the year

RBI says linking Aadhaar number to bank accounts mandatory

MUMBAI  - The Reserve Bank of India (RBI) on Saturday dismissed media reports that it was not necessary to link national identity card numbers, known as Aadhaar numbers, to bank accounts.

It said in a statement the requirement remained in force under anti-money laundering rules.

"The Reserve Bank clarifies that, in applicable cases, linkage of Aadh

Ecuador defends big Yasuni rainforest oil bet

YASUNI PARK, Ecuador  - The manager of state oil company Petroamazonas defended Ecuador’s plans to expand exploitation of major oil reserves in one of the world's most species-diverse rainforests, saying it will ensure minimum environmental impact and use appropriate technology.

The OPEC country is avidly seeking resources to revitalize an ailing econom

China says jobless rate lowest in years, but challenges persist

BEIJING  - China's unemployment rate has hit its lowest rate in multiple years at 3.95 percent by the end of September, but employment and social security still face challenges as the economy pushes ahead with structural reforms.

The ministry of human resources and social security said in a statement on Sunday that 10.97 million new jobs had been created in C

22/10/2017 10:00:06 AM | Posted in Diwali Expert Views read full news
Next SGB issue price fixed at Rs 2,971 per gram

The government on Saturday said it has fixed Rs 2,971 per gram as issue price for the next offering of its Sovereign Gold Bond (SGB) scheme, an official said.

The issue price has been fixed at Rs 2,971 per gram for subscription during October 23-25, with settlement on October 30, said a statement from the Ministry of Finance.

"The Government of India, in consu

Modi to arrive in Gujarat to inaugurate Ro-Ro ferry service

Prime Minister Narendra Modi is slated to arrive here on Sunday, his third visit to the poll-bound state, to inaugurate the first phase of the the Ghogha-Dahej Ro-Ro ferry service between Saurashtra and the South Gujarat region.

Upon his arrival here, Modi will fly down to Saurashtra's Bhavnagar district where he would inaugurate the Rs 615 crore, 31km "roll-on, roll-off

Two 400KV power stations commissioned in Ghaziabad

Minister of State for External Affairs and Ghaziabad MP General V.K. Singh (retd), along with Uttar Pradesh Minister of Power Shrikant Sharma, commissioned two 400KV power stations here on Saturday.

District Information Officer V.B. Singh said V.K. Singh and Shrikant Sharma jointly commissioned the power stations from the grounds of Shipra Mall in the Indirapuram locality of the

Apple, Foxconn to meet as iPhone X faces production issues: Report

Apple Chief Operating Officer (COO) Jeff Williams is scheduled to meet Foxconn Chairman Terry Gou during his visit to Taiwan later this month to discuss issues affecting the production of the "super premium" iPhone X, reports said on Saturday.

"The meeting comes at a time when iPhone X production continues to be plagued by problems with the dot projector, a compone

Indian, Russian firms sign agreement for IT solutions

 India and Russia have signed an agreement to cooperate in Information Technology and the projects in the agreement include cooperation in Smart City projects, cyber security and e-governance, officials said.

The agreements were signed by Russian RusITExport (RITE), a key integrator of top Russian IT solutions in the global market, and Indian firm Aark Infosoft Pvt Ltd. for

Macro-data led positive momentum lifts equity indices

The key Indian equity indices -- the S&P BSE Sensex and the NSE Nifty 50 -- rose for the third straight week as a healthy macro-data led positive momentum enhanced the risk-taking appetite of investors.

However, profit booking, along with fears of higher non-performing asset (NPA) levels in the banking sector arrested the north-bound movement of the key indices during the tru

Responsibility of clean air lies with all: Assocham

 Expressing concern over poor implementation of the Supreme Court ban on the sale of fire crackers in the Delhi-National Capital Region (NCR), industry chamber Assocham on Saturday said ensuring a clean environment should be a combined responsibility of the centre, the state governments, civil society and public at large and not of the apex court alone.

"The economic in

Diwali sales fail to bring cheer back to markets in Agra, Mathura

A spurt in sales of consumer products, including cars and two-wheelers, during the five-day long Diwali festivities brought temporary cheer to markets in Agra, Mathura, Firozabad, after a prolonged subdued business environment in the post-demonetisation and GST phase.

For how long will this trend continue, ask shopkeepers of Kinari Bazar and Johri Bazar in Agra, who remain confus

Linking bank accounts with Aadhaar mandatory, it is government's decision: RBI

At a time when customers are rushing to link all their bank accounts with Aadhaar, the Reserve Bank of India (RBI) has clarified that it never issued any such directions, it was the decision of the Indian government.

The apex bank further clarified that in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenanc

Neutral NIIT Technologies Ltd For Target Rs.540.00 - Motilal Oswal

* We expect 1.1% QoQ CC revenue growth for NITEC in 2QFY18. While strength is being seen in Digital, we expect some of that to be offset by a ramp-down in one of its top customers.

* The company would have a tailwind of 140bp because of crosscurrency movements leading to USD revenue growth of 2.5% QoQ. n We expect EBITDA margin to expand by 70bp QoQ to 16.3%, because of the absence of

21/10/2017 2:01:12 PM | Posted in Broking Firm Views - Long Term Report read full news
Hold Federal Bank Ltd For Target Rs. 139.00 - Arihant Capital

For The Quarter Ended Q2FY18 Federal BAnkReported stedy profitability. the net profitstood at rs.264 cr vs rs.201 cr in thecorresponding quarter of the previous year andrs.210 cr in the sequential quarter.

The Bank`s Top-line Performace was up as netinterest income increased by 24% to Rs.899 CrsCompared to Rs.726 Crs Yoy & Rs.801 Crs Qo

21/10/2017 2:00:10 PM | Posted in Broking Firm Views - Long Term Report read full news
Buy Ultratech Cement Ltd For Target Rs.4,937.00 - Motilal Oswal

* 2QFY18 cement volumes are estimated at 12.77mt, including volumes of JPA’s assets. Standalone volumes for Ultratech are likely to grow by 4% YoY. JPA is expected to operate at utilization of 35% for 2QFY18. Realizations are estimated to increase 1.7% YoY (-2.3% QoQ) to INR4,908/ton.

*  We estimate grey cement EBITDA/ton at INR888 (-INR295/ton QoQ) due to weak realizations

21/10/2017 12:39:37 PM | Posted in Broking Firm Views - Long Term Report read full news
Hold Karnataka Bank Ltd For Target Rs.170.00 - Arihant Capital


The Karnaraka Bank Ltd For The Quarter Ended Q2 FY18 Reported Fall In Its net profit by 25% YoY to Rs.93 Crs Sequentially The Profit De-grew by 305. this Was Majorly Due To Higher Provisions Cost Which Increased By 73% YoY And 14% QoQ.



Bank Repo

21/10/2017 12:39:23 PM | Posted in Broking Firm Views - Long Term Report read full news
AUM rises for the 16th consecutive quarter - Motilal Oswal

* Domestic MFs maintained their positive momentum in September – industry average AUM increased for the 16th consecutive quarter in 3QCY17 (+7.3% QoQ) to touch a new high of INR21t. On a YoY basis, average AUM increased 29.9% (INR4.8t) in September 2017, primarily on account of inflows in growth (equity), income and liquid funds, backed by increased participation of domestic investors in

21/10/2017 12:15:10 PM | Posted in Special Event Reports read full news
Buy Delta Corp Ltd For Target Rs.257.00 - Motilal Oswal

Multiple earnings drivers in place

* Results in-line (GST-adjusted): Revenue grew 8.2% YoY to INR1,453m (est. of INR1,800m) in 2QFY18. EBITDA margin expanded 290bp YoY to 45.1% (est. of 38%), while EBITDA grew 15.6% YoY to INR655m (est. of INR684m). Consequently, adjusted PAT rose 34% YoY to INR433m (est. of INR413m) i

21/10/2017 11:57:13 AM | Posted in Broking Firm Views - Long Term Report read full news
Reduce NIIT Technologies Ltd For Target Rs.580.00 - Emkay

* NIIT Tech reported strong growth of 4.4% sequentially for Q2FY18 despite headwind of 2mn$ revenues from a travel client for the quarter driven by strong traction in digital business both organic and inorganically (2 month additional revenues on RuleTek).

* Commentary remain confident on order intake, large deal structuring, pipeline of new logos. Expect the run-rate to improve from

21/10/2017 11:50:22 AM | Posted in Broking Firm Views - Long Term Report read full news
Japanese firm sues Apple over`Animoji` feature in iPhone X

Tokyo-based firm Emonster that owns the trademark for "Animoji" in the US, has filed a lawsuit against Apple for using the same word for a feature in the iPhone X.

Emonster owns an iOS app called "Animoji" that lets people send emoji that are animated in a loop like GIFs.

The iPhone X's "Animoji" feature lets people transform their face into