TV is bigger but impact of films is definitely greater: Boman Irani

Actor Boman Irani, who has dabbled in the world of photography, theatre and films, has been a part of reality TV shows, but has not worked in a daily soap. He says the reach of TV is far greater than films, but points out at the same time that films have a much greater impact.

A lot of veteran actors like Ratna Pathak Shah, Supriya Pathak and Anil Kapoor have started exploring

Five ways to celebrate World Photo Day on Facebook

On World Photography Day, which is being celebrated worldwide on Saturday, Facebook has reminded its 2 billion monthly active users how to use the platform to be part of the global event.

According to Facebook data, India figures at fourth spot among the top 10 countries that post most photos on the social media giant and takes fifth spot among in the same category for Messenger app.<

Would love to direct `VIP 3`, says Soundarya Rajinikanth

Basking in the success of Dhanush starrer "VIP 2", director Soundarya Rajinikanth says she would love to direct the planned third part in the "VIP" franchise.

At the success meet of "VIP 2" earlier this week here, Dhanush confirmed "VIP 3" is on the cards.

However, he said they haven't locked a director or script yet.


RBI governor says state banks need more capital

MUMBAI () - State-run banks will need a bigger recapitalisation to resolve bad loan problems weighing on their balance sheets, the Reserve Bank of India Governor Urjit Patel said on Saturday.

Extra capital will need to be raised in several ways, including raising funds from the market and through the government diluting its stake in state-run banks, Patel told a conference in Mumbai.<

Derivative Ideas Nifty For Target Rs.48.00 - Religare Sec


Nifty future has witnessed fresh long liquidation at upper levels of 9900, some short build up was also seen in yesterdays trading session. Huge call writing also seen at 9900 strike, we expect Nifty to be in 9900-9600 range in the short term.




19/08/2017 12:17:35 PM | Posted in Broking Firm Views - Short Term Report read full news
Derivative Ideas For Nifty - Religare Sec


* Nifty futures volume weighted average price (VWAP) is at 9960 and Banknifty futures is at 24460.

* Call writing was seen at Nifty 9900 strike and 10000 strikes.

* Maximum positions are at 10000 CE and 9800 PE. Nifty is expected to be in the range of 9600-9900.

* Infrastructure, Telecom & Metals st

19/08/2017 12:16:02 PM | Posted in Broking Firm Views - Short Term Report read full news
Nifty Energy Index performed well in last week, gained over 2 percent - Religare Sec


* Nifty recovered marginally in the passing week and gained over a percent. Sentiment was upbeat for most part of the week however profit taking in the final session trimmed the weekly gains.

* The coming week is also a holiday shortened one and we expect further decline in the benchmark, citing feeble global markets and lack of

Infosys buyback priced at Rs 1,150 per share

Global software major Infosys Ltd on Saturday announced it buy back 11.3 crore shares of Rs 5 face value at Rs 1,150 per share via a tender offer.

"The Board has approved a proposal to buy back 11.3 crore equity shares of Rs 5 face value from the shareholders at a price of Rs 1,150 per share for an amount not exceeding Rs 13,000 crore," said the IT major in a regulatory fili

Hold Tech Mahindra Ltd For Target Rs.420.00 - Emkay

Recovery will be gradual

* Tech Mahindra reported decline in organic revenues for Q1FY18 but remains confident on improved business traction both on Enterprise as well as Telecom business (ex LCC). LCC business would bottom in Q2FY18 and should then stabilize.

* Commentary is confident on revenue traction driven by strong TCV signings of US$

19/08/2017 12:03:16 PM | Posted in Broking Firm Views - Long Term Report read full news
Buy Ashoka Buildcon Ltd For Target Rs.276.00 - Equirus Sec

Ashoka Buildcon’s (ASBL) saw strong execution ramp-up during 1Q18. Its current order book stands at Rs 64bn and order book/TTM ratio at 2.8x, giving us confidence on the company achieving 20% revenue CAGR over FY17-FY20E. Toll collections grew 14% yoy with most projects seeing decent traffic growth. We expect new HAM project wins, sale of SBI Macquarie stake and steady EPC performance to

19/08/2017 11:58:07 AM | Posted in Broking Firm Views - Long Term Report read full news
Hold JSW Energy Ltd For Target Rs.69.00 - Reliance Sec

Foray into Electric Vehicle Manufacturing Biz – A Big Challenge

JSW Energy (JSWEL) has reported a subdued performance in 1QFY18 largely due to lower generation from thermal plants and lower merchant realisation. Its revenue dipped by 8.9% YoY to Rs22.3 bn owing to 4.4% YoY decline in generation and lower average realisation of Rs3.5/unit vs. Rs3.

19/08/2017 11:44:38 AM | Posted in Broking Firm Views - Long Term Report read full news
Positive Sundram Fasteners Ltd - Sharekhan

Key points

* Healthy operating performance and lower interest cost led to robust PAT growth, results in-line with expectations:

Sundram Fasteners Limited (SFL) registered healthy double-digit topline growth (11% YoY) for Q1FY2018, driven by improved demand scenario and new product additions. The company&rsquo

19/08/2017 11:39:47 AM | Posted in Broking Firm Views - Long Term Report read full news
Reduce Hero MotoCorp Ltd For Target Rs.3,727.00 - IIFL

Better than forecasted OPM offset by higher tax rate

Hero Motocorp (HMCL) revenues were below estimates,OPM was better than forecasts but PAT was in line with estimates.HMCL reported a revenue growth of 7.7%,which was lower than forecasts as realizations came in weaker than expectations owing to Rs500mn impact of dealer compenation for GST. OPM at 16.3

19/08/2017 11:35:47 AM | Posted in Broking Firm Views - Long Term Report read full news
Oil jumps 3 percent as dollar falls, U.S. rig count drops

By Jessica Resnick-Ault

NEW YORK  - Oil prices rose sharply on Friday, as the dollar fell and U.S. drillers cut rigs, feeding a rally that boosted global benchmark Brent crude to a weekly gain while U.S. crude was virtually flat on the week.

U.S. energy firms cut oil rigs for a second week in three, the Baker Hughes energy services firm reported, with d

Hold Mangalam Cement Ltd For Target Rs.355.00 - Emkay

Operating performance beats estimates; Maintain HOLD

* Mangalam Cement’s (MGC) Q1FY18 results surprised positively on operational parameters, with EBITDA at Rs405mn coming in against estimate of Rs295mn, led by higher realization and inclusion of other operating income in revenue.

* Sales volume was up 3.3% yoy at 0.63mt. Reported reali

19/08/2017 11:02:45 AM | Posted in Broking Firm Views - Long Term Report read full news
NuTonomy hopes for second quarter 2018 launch of paid Singapore self-driving car rides

SAN FRANCISCO - U.S. self-driving car startup NuTonomy and southeast Asian ride services partner Grab hope to turn a test pilot in Singapore into a paid, commercial service as soon as the second quarter of next year, NuTonomy Chief Executive Karl Iagnemma said on Friday.

Ride services companies are expected to be one of the most important markets for self-driving cars

U.S. prosecutors recommend three years in prison for Volkswagen engineer Liang

DETROIT - Federal prosecutors on Friday recommended a three-year prison sentence for Volkswagen AG  engineer James Liang for his role in a diesel emissions scandal that has cost the German automaker as much as $25 billion.

Liang, who pleaded guilty to misleading regulators, is cooperating with prosecutors and will be sentenced on Aug. 25.

Prosecutors in

Update On Repco Home Finance Ltd - Sharekhan

Key points

* Operational performance below expectation:

For Q1FY2018, Repco Home Finance (RHF) posted net interest income (NII) growth of 14.2% YoY, slightly below our expectation on account of sequential contraction in net interest margin (NIM, down 40BPS QoQ to 4.30%) coupled with slower loan book growth.

19/08/2017 10:55:41 AM | Posted in Broking Firm Views - Long Term Report read full news
U.S. formally launches probe of China`s intellectual property practices

WASHINGTON  - The United States on Friday formally launched an investigation into China's alleged theft of U.S. intellectual property, a widely expected move following a call from President Donald Trump earlier this week to determine whether a probe was needed.

The probe is the administration's first direct measure against Chinese trade practices, which t

Exclusive: Few foreign bids expected for Petrobras $1 billion natgas project - sources

By Tatiana Bautzer and Alexandra Alper

SAO PAULO/RIO DE JANEIRO  - Taking aim at local corruption, Brazil is trying to get competition among global players to build a $1 billion natural gas plant, but the number of foreign bids will be smaller than anticipated due to more stringent requirements, sources said.

Brazil's state oil company Petroleo Bras

Hold Andhra Bank Ltd For Target Rs.53.00 - SPA Sec

Andhra Bank reported lower NIMs at 3.12% (47bps q-o-q) but better operational performance (cost to income ratio of 38% (100bps q-o-q)) resulted in 5% q-o-q decline in PPOP. Other Income grew by 16% q-o-q to INR 7.5bn and GNPA stood at 13.33% (108bps q-o-q). Credit growth remained muted at 1% q-o-q and PAT declined by 15% q-o-q to INR 404mn. We recommend a HOLD on the stock with a TP of INR 53 i

19/08/2017 10:50:50 AM | Posted in Broking Firm Views - Long Term Report read full news
Buy Mahindra and Mahindra Ltd For Target Rs.1,618.00 - Motilal Oswal

Operating performance in line post adjusting impact of GST

* 1QFY18 volumes grew 2.7% YoY to 201.5k units, driven by 13% growth in Tractors, partially offset by ~2% decline in UVs. Net realizations stood at ~INR550.6k (est. of ~INR541k). Net revenues grew 5% YoY to ~INR110.9b (est. of ~INR109.1b).

* Reported EBITDA margin shrunk 110bp YoY (+

19/08/2017 10:46:15 AM | Posted in Broking Firm Views - Long Term Report read full news
India gold discounts widen as South Korea imports add to supply

By Rajendra Jadhav and Arpan Varghese

MUMBAI/BENGALURU  - Gold prices in India were at their widest discount to international prices in 11 months on Friday due to sluggish demand and an influx of the precious metal sourced from South Korea.

Indian traders are likely to import 25 tonnes of gold from South Korea in July-August, taking advantage of a recen

SAIL looks for product differentiation

State-run Steel Authority of India Ltd (SAIL) sees "product differentiation" as a key strategy to survive in the competitive market, its chairman P.K. Singh said on Friday.

"In the present circumstances, only the best in the class will survive. At a time of high over capacities across the world, product differentiation is the requirement of the hour and we have to match

Modi to inaugurate, lay foundation for NHs worth Rs 15,000 cr

Prime Minister Narendra Modi will inaugurate and lay foundations for National Highways (NH) worth Rs 12,300 crore in Rajasthan's Udaipur on August 29, an official statement said on Friday.

According to the statement, Modi will dedicate a total of 11 NHs (873 km) constructed at an expense of Rs 4,925.12 crore to the nation while laying foundations for NH (555 km) to come up at a co