Nifty Analysis for tomorrow

Coronavirus lockdown: MM counts loss of 87,000 vehicles, 30,000 tractors in Q1

"The estimated quantum of loss due to COVID-19 lockdown for first quarter of 2020-21 is around 87,000 vehicles and around 30,000 tractors," MM said in a regulatory filing.

Former Apple exec raises $88 million for startups, entrepreneurs who can excel despite coronavirus pandemic

Pascal Cagni, the former head of Apple in Europe, has raised 80 million euros (approx. $88 million) .

Lupin inks distribution pact with 3 firms to commercialise NaMuscla in Europe

Exeltis Healthcare SL, Cresco Pharma BV and Macure Pharma ApS will commercialise NaMuscla for the symptomatic treatment of myotonia in adults with non-dystrophic myotonic (NDM) disorders in certain European Union (EU) territories, Lupin said in a statement.

Amazon India expands packaging-free shipping to over 100 cities

PFS is a sustainable packaging solution in which customer orders are shipped in their original packaging without any additional packaging, or significantly reduced packaging, it said in a statement.

Here#39;s a list of banks that have cut savings account rates

Interest rates are slashed to encourage customers to hold less money in banks and promote spending.

Mumbai airport braces for Cyclone Nisarga: Flights cancelled, aircraft flown out and parked

Nearly 80 aircraft are parked at the airport.

Mumbai airport prepares for Cyclone Nisarga: Flights cancelled, aircraft flown out and parked

Nearly 80 aircraft are parked at the airport.

Yes Bank hires six investment banks for Rs 10,000 crore fundraise via share sale: Report

If it is to comply with Reserve Bank of India (RBI) mandates, the private sector lender requires at least Rs 4,000 crore of equity this year

Nokia, Vodafone Idea complete 1st phase of DSR deployment in India

The Dynamic Spectrum Refarming (DSR) technology, helps in enhancing user experience with optimal use of spectrum assets.

Saregama, Facebook ink global licensing deal

This partnership will allow users to choose from a wide variety of music to add to their social experiences such as videos, stories via music stickers and other creative content, a statement said.

Flipkart investor attempted tax avoidance during stake sale: Report

The India-Mauritius Double Tax Avoidance Agreement (DTAA) was amended in 2016 to curb misuse of the tax treaty.

Bajaj beats Hero to become Indiaâ€™s largest two-wheeler manufacturer

For the sixth consecutive month, Bajajâ€™s two-wheelers exports were higher than its domestic two-wheeler sales.

COVID-19 drug | No approval yet for Indian companies to market remdesivir: Report

It is the only drug so far that has shown significant effect on patients infected with COVID-19.

COVID-19 impact on operations to be visible in next couple of quarters: Adani Enterprises

During the first phase of lockdown till April 19, the company said its offices, storage locations and production facility remained closed, and the company maintained minimum level of operations to ensure timely supply of goods and services to its customers in the essential sectors.

US endowment fund Regents, Oppenheimer top buyers in Uday Kotak#39;s mega Rs 6,900-crore block deal

The second highest buyer of shares was Oppenheimer Developing Markets Fund.

Nissan Motor India launches new version of Datsun redi-GO

The new Datsun redi-GO comes in two engine variants of 0.8 litre petrol and 1-litre petrol with automated manual transmission option, Nissan Motor India said in a statement.

Tata Motors resumes operations across all manufacturing plants

Around 59 per cent of company#39;s passenger vehicle showrooms, covering 69 per cent of the retail market, have commenced operations, it added.

Financial data of 70 lakh BHIM users compromised says cyber security company, NPCI denies claim

The company stated it reached out to the websiteâ€™s developers on May 5 and then approached Indiaâ€™s cybersecurity authority â€“ Computer Emergency Response Team (CERT-In) on May 22, after which the breach was closed.

Silver futures slip 0.45% in afternoon trade

In the futures market, silver for July delivery touched an intraday high of Rs 51,235 and a low of Rs 50,284 per kg on the MCX.

Moody#39;s downgrade expected, India unlikely to slip to junk status: Bank of America

Economists at Bank of America (BofA) Securities pitched for the country to continue with the fiscal stimulus measures because of the impact of the coronavirus pandemic.

Race car brand Shelby keen to burn rubber in India; looks to build cars in Mumbai

Shelby wonâ€™t have competition in India in its product segment and price range with the exception of Porsche

JSW Steel#39;s crude steel output falls over 14% in May

However, on month-on-month basis the production in May was 122 percent higher compared to 5.63 LT in April 2020, which was about 60 percent lower compared to 13.90 LT crude steel JSW Steel had produced in April 2019.

Investors in two Franklin Templeton debt schemes may get their money back by July: Report

These investors will reportedly get back 7-9 percent of their money by July first week

Paytm claims telecom firms not preventing phishing; Delhi HC seeks Centre, Trai response

A bench of Chief Justice D N Patel and Justice Prateek Jalan issued notice to the Ministry of Communication, Telecom Regulatory Authority of India and major mobile service providers, including Airtel, Reliance Jio, MTNL, BSNL and Vodafone seeking their stand on the plea before the next date of hearing on June 24.

SBI Card reports average daily spends at over Rs 175 crore in May

The company which is promoted by the country#39;s largest lender State Bank of India (SBI) and goes by the brand name SBI Card said it has been focusing on business continuity since the first lockdown (late March) was announced, and has been continuously scaling up business operations since then.

NTPC begins search for CEO of distribution business

Last week NTPC had announced its plan to foray into electricity distribution business and also offered to acquire 51 per stake in two utilities of Anil Dhirubhai Ambani Group (ADAG) in Delhi.

Want to apply for an MSME loan? Here are the steps to follow

Banks and NBFCs offer MSME loans to the applicant only if certain eligibility criteria meets. MSME loans are also unsecured loans. The Government of India and Reserve Bank of India (RBI) define MSME loans, as the loans for business enterprises need support in terms of finance, infrastructure and other areas.

Indian carmakers offer teaser loans as banking sources say RBI softens stance

So far, at least Maruti Suzuki, Hyundai and Mercedes Benz have launched such schemes, according to press releases over the past week.

Mercedes-Benz India launches top-end variants of GLE LWB

The new top-end variants of the GLE LWB (long wheelbase) -- 450 4MATIC (petrol) and 400 d 4MATIC (diesel) are powered by BS-VI in-line six-cylinder engines.

International flight resumption | No government nod yet, but airlines continue to accept bookings

All airlines, except Air India, are accepting bookings to destinations such as Singapore, Bangkok and Dubai

Strides Pharma gets USFDA nod for generic ointment to treat skin conditions

The approval is granted to the company#39;s step-down wholly owned subsidiary, Strides Pharma Global, Singapore, by the United States Food and Drug Administration (USFDA) for triamcinolone acetonide ointment USP, 0.05 per cent, Strides Pharma Science said in a regulatory filing.

PM Modi Speech Highlights | World looking for trusted, reliable partner, India has potential, says Prime Minister

Live coverage of Prime Minister Narendra Modi#39;s address at the CII Annual Session 2020

PM Modi Speech LIVE | World looking for trusted, reliable partner, India has potential, says PM Modi

Live coverage of Prime Minister Narendra Modi#39;s address at the CII Annual Session 2020

Coronavirus lockdown: Startup to launch online funeral management service

As part of its #39;Moksha Seva#39; service, the company aims to provide services like helping a family get the death certificate of the deceased, assembling a bier, transporting the body to preferred crematorium, obtaining crematorium pass, providing priest and material required for the last rites.

Cash-starved Karnataka receives major relief from liquor sale: Report

Karnataka, which had set a fiscal target of Rs 22,700 crore from excise this year had suffered losses due to the COVID-19 lockdown.

Bank lending targets under Rs 20 lakh crore stimulus unfeasible: Former RBI deputy Governor Gandhi

Speaking at a webinar hosted by payment system company Electronic Payments and Services, Gandhi said that the RBI needs to re-introduce a one-time restructuring package and mere moratoriums will not suffice in unprecedented times like the COVID-19 pandemic.

Govt may ask global telcos to use 100% local content in equipment manufacturing: Report

The Department of Telecommunications (DoT) will reportedly meet vendors on June 3 to seek their inputs and discuss ways to boost manufacturing,

Franklin Templeton trustees or Deloitte: Who to vote for in crucial June vote?

It appears that the regulatory hierarchy is sought to be turned upside down.

Singaporeâ€™s Temasek backed Fullerton India raises Rs 750 crore

The additional capital will help the firm to consolidate its growth agenda and lend further to individuals and MSMEs

Vodafone launches Rs 251 prepaid data pack, here#39;s all you need to know

The plan is available for Vodafone customers in Bihar, Chennai, Gujarat, Haryana, Kerala, Tamil Nadu (barring Chennai), and UP East.

International funds give best average returns in May, bank funds worst hit

Advisers are suggesting an investment in international funds as a means to diversify across countries and currencies due to volatility in Indian equities.

Hyundai Motor#39;s May sales fall sharply year on year due to COVID-19 impact

South Korea#39;s Hyundai Motor Co said on Monday its provisional May sales fell 39% year-on-year to 217,510 vehicles globally, as the coronavirus outbreak continued to hit demand in key markets.

Now, visit Godrej Appliances stores virtually to get product demonstrations, make purchases

Using the â€˜video-assistâ€™ feature, the customer can view the product from his/her home.

LT arm converts govt healthcare units into COVID-19 patient-care facilities

It is capable of quickly turning around existing or under-construction medical infrastructure into COVID-19 related facilities and transform large establishments like marriage halls, schools and hotel rooms quickly into isolation wards.

Adani Ports raises Rs 100 crore through NCDs

"The company has raised Rs 100 crore today by allotment of 1,000 Rated, Listed, Secured, Redeemable NCDs of the face value of Rs 10,00,000 each on private placement basis," the company said.

Godrej Properties sees strong sales this year despite COVID-19; cash flow may pose challenges

In an interview with PTI, Godrej Properties Executive Chairman Pirojsha Godrej said there will be a slowdown in the industry but people who want to buy properties during this time will certainly prefer real estate companies with strong financial capabilities to execute projects.

Manappuram Finance to raise up to Rs 500 crore via NCDs

"The financial recourse and management committee of the board of directors of the company held on June 1...has approved the allotment of 5,000 secured redeemable non-convertible debentures ...aggregating to Rs 5,00,00,00,000,... on a private placement basis to be listed on the BSE," Manappuram Finance said in a regulatory filing.