Nifty Analysis for tomorrow: May 2020

AGC Networks to acquire Fujisoft to enhance presence in MEA region

The proposed acquisition will also enhance the current solution portfolio of AGC and Black Box across cloud computing and virtualisation, cyber security, managed services, data centre and collaboration solutions, a statement said.

Hoteliers rush to raise funds to meet working capital needs

Lemon Tree Hotels and Indian Hotels Company, two of the biggest listed companies in the hotel space, will raise Rs 450 crore

COVID-19 effect: DGCA extends deadline for IndiGo, GoAir to replace unmodified PW engines to August 31

The PW engine-powered A320 neo planes in IndiGo and GoAir fleets have been facing glitches both mid-air and on-ground since their induction way back in 2016.

NIIT Technologies â€“ life beyond buyback

Given our confidence in the execution capabilities of NIIT Tech and our firm belief that technology will have stronger tailwinds in the post-COVID world, any weakness could be an opportunity to re-enter the stock.

Indiaâ€™s Most Valuable Brands 2020: Five out of six auto firms record a fall in brand value due to COVID-19

Brand Maruti Suzuki is valued at $2.8 billion down from $3.8 billion recorded in 2019

Coronavirus impact: Top Indian firms likely to lose $25 billion of brand value, says Brand Finance report

Among the companies, Tata Group retained the title of Indiaâ€™s most valuable brand, breaking the USD 20 billion brand value mark for first time and showing a 2.3 percent growth.

Indiaâ€™s Most Valuable Brands 2020: Companies worldwide likely to lose $1 trillion due to COVID-19; aviation, hotels, retail among worst-affected

While aviation, airlines and airports are among the worst-affected, home delivery apps and online video conferencing platforms have seen a surge in demand due to the work-from-home revolution

Indiaâ€™s Most Valuable Brands 2020: Tata Steel is the most valued among metals and mining companies

Vedanta and JSW Steel come follow Tata Steel on the second and third spots respectively.

Indiaâ€™s Most Valuable Brands 2020: Reliance Industries#39; grows by 25%, ranks third among top 10 most valued brands

Of the most 10 valuable Indian, RIL was the only company to have witnessed a value growth of more than 25 percent.

Amazon#39;s Jeff Bezos invests in UK digital freight forwarder Beacon

Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC.

Domestic cooking gas price hiked effective from June 1

The hike will not impact beneficiaries of Pradhan Mantri Ujjwala as they are covered by the Pradhan Mantri Garib Kalyan Yojana and are entitled to a free cylinder till June 30.

Institutes can pass final-year college students on aggregate marks, says Maharashtra CM Uddhav Thackeray

Maharashtra will be among the first states in India enabling final year students to complete their course without giving examinations.

Emirates sacks 180 pilots in a bid to save cost, more layoffs likely

Reports had earlier said that Dubai-based airline plans to cut 30,000 jobs

COVID-19 impact: LIC listing, IDBI Bank stake sale may be postponed

The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank out of total the disinvestment target of Rs 2.10 lakh crore during the current fiscal.

Citigroup CFO Mark Mason joins efforts to seek justice to George Floyd; here#39;s the full text from his blog

The death of George Floyd, a black man from Minneapolis who died after being pinned by the neck under a white police officer#39;s knee, has sparked riots across major the United States.

What is a sero-survey and will it help in the fight against COVID-19?

ICMR had earlier claimed that the test kit has an impressive 100 percent specificity and 98 percent sensitivity.

China#39;s May factory activity cools as weak demand curbs output

China#39;s factory activity grew at a slower pace in May but momentum in the services and construction sectors quickened

May Preview: PV, CV, two-wheeler sales may see significant fall, but tractors may do better

Retail sales in 2Ws, PVs and CVs are also expected to see massive fall on year-on-year basis, but tractor sales could be better than others, brokerages feel.

Read the full text of Jeff Weinerâ€™s parting note on his last day as LinkedIn CEO

Weiner also shared a video of his team members performing "Sweet Caroline".

Reliance diverts Alok Industries into making PPE; cuts down cost to one-third

The company has redeployed Alok Industries#39; manufacturing facilities in Silvassa, Gujarat for exclusively manufacturing personal protective equipment

Lufthansa accepts tweaked demands by Brussels over state bailout

Lufthansa and the rest of the airline sector have been hard hit by what is expected to be a protracted travel slump due to the coronavirus pandemic.

Will place draft e-commerce policy in public domain for comments soon: DPIIT Secretary

DPIIT Secretary Guruprasad Mohapatra said the e-commerce is a fast emerging sector and it is difficult to predict where it will go in the next couple of years.

IDBI Bank posts Rs 135 crore profit in Q4

Total income rose to Rs 6,925 crore as against Rs 6,616 in the fourth quarter of 2018-19, the bank said in a regulatory filing.

Shot in the arm for acquisitions under IBC: A walk through the amendment and its implications

The attempt at clearing the logjam of various challenges posed before corporate and investors who embark on acquisition of companies is commendable.

Pictorial book for kids offers key info on COVID-19

The book is published by HarperCollins India in partnership with Nosy Crow and is available in English, Hindi, Marathi, Tamil, Malayalam, Gujarati, Assamese and Nepali.

This week in Auto: Industry in urgent need of a bailout; companies bring down capex dramatically

Here are all the stories that made headlines during the week in the auto space

COVID-19 impact: As AGMs go virtual, shareholders worry about management controls

Infosys and TCS to have their AGM June 27 and June 11 respectively, others like Wipro and HCL are expected to follow suit

DPIIT, revenue dept weigh options for more tax relaxations to startups: Official

Talking about the host of measures on which they are working, he said the DPIIT will be extending more funds this year to startups under the Fund of Funds scheme. It has provided over Rs 1,000 crore last year.

Monuments run by Rajasthan govt to be open from June 1: Official

The monuments, except for the ones falling in containment zones and curfew areas, will be opened four days a week (Tuesday, Thursday, Saturday and Sunday) for the first two weeks with social distancing protocols to be properly followed, Director of the archaeology and museum department, Prakash Chandra Sharma, said.

Maruti Suzuki India extends warranty, service timelines till June end

The company has decided to offer free service, warranty and extended warranty to the customers till June end, whose validity is expiring in May, MSI said in a statement.

Chinese firm Sinovac 99% sure COVID-19 vaccine will work: Report

The company published results of the vaccine named CoronaVac in the academic journal Science last month that protected monkeys from infection by the coronavirus.

Delhi-Moscow Air India flight returns after pilot found COVID-19 positive

"When the A320 plane, which did not have any passengers as it was heading to Moscow to bring back stranded Indians under Vande Bharat Mission, had reached Uzbekistan#39;s airspace, our team on ground realised that one of the pilots had tested COVID-positive," senior Air India officials said.

Coronavirus crisis | Why we canâ€™t foresee the pandemicâ€™s long-term effects

Episodes as far-reaching as this one are scarce, widely spaced in time, and so different in circumstances that statisticians cannot easily compare them systematically. The best we can do is examine some case studies

Hyundai Motor India exports over 5,000 units in May

The company has reinforced its commitment to support the government#39;s #39;Make in India#39; vision with more than 5,000 export units for May, the automaker said in a statement.

India needs intelligent lockdown exit strategy: SBI report

India#39;s economic growth slipped to an 11-year low of 4.2 percent in 2019-20 and to 3.1 percent in January-March, the lowest in the last 40 quarters.

#39;See Brent crude at $50 a barrel in 2021 only if there#39;s no mass second wave of COVID-19#39;

The OPEC alliance is now considering extending output cut levels of 9.7 million bpd for May and June into July and beyond, expanding the cuts from the planned 7.7 million bpd set for July to December.

Coronavirus pandemic | Axis Securities rolls out 2/3/5-days work-from-home model

"Depending on the intensity or the necessity, we have categorised people on the 2D/3D/5D model. We have also taken some filters like if the person has old age people at home or small children he/she is not called to office. We have worked on all the combinations and we are ready on that," Axis Securities MD and CEO B Gopkumar said.