Nifty Analysis for tomorrow

E-commerce to drive warehousing demand in Kolkata

E-commerce accounted for 27 per cent of the entire warehousing deals in Kolkata and adjoining areas, while FMCG#39;s share was five per cent last year.

Maruti Suzuki chairman pens book on industrialising India

"Despite the difficulties, it is still possible and necessary to achieve the objectives that have eluded us for so long, provided we exhibit a strong will to change and jointly work for the development of the country," he writes in his book "Getting Competitive: A Practitioner#39;s Guide for India".

Coal India#39;s avg daily production falls 56% during three-day strike

The coal workers were on strike from Thursday to Saturday in protest against the government#39;s move to open the coal sector for commercial mining.

India should focus on 15 imports items to achieve self-reliance: Assocham

These items include electronics, coal, iron-steel, non-ferrous metals and vegetable oils, among others.

FPIs pull out Rs 3,741 crore in three trading sessions in July

The latest withdrawal has come after investment of Rs 24,053 crore by FPIs in domestic markets in June.

Finance Ministry may review capital requirement of PSU banks after second quarter

There is widespread fear that NPAs of the banks will witness a surge due to the economic slowdown triggered by the COVID-19 outbreak and resultant lockdowns.

Industry for alternate sourcing destination as cost from China not going down: Signify Innovations

Now, there are multiple destinations for sourcing components, including South Asian countries, as the processes have been developed outside China as well.

HMD Global bets on Finnish roots, focus on security for success in Indian market

The company, whose lineup includes both smartphones and feature phones, also sees resilience in the Indian market and said sales numbers are inching towards those in pre-COVID time.

GST collection in June at 2,693.75 crore in Odisha, Q1 mop up dips 35% due to lockdown

The Odisha GST revenue in June was at Rs 759.17 crore, as compared to Rs 804.49 crore in the corresponding month last year.

Mutual Funds investment in equity markets rises to Rs 39,500 crore in H1 2020 on attractive valuations

This comes in the backdrop of the coronavirus pandemic related disruptions, a sharp slowdown in economic activity across the globe and a steep sell-off in equities in March 2020.

Mercedes to recall 6,60,000 vehicles in China for oil leak

The recall of 668,954 vehicles will begin on December 18.

DHFL defaults on NCD repayments of Rs 50 crore; says can#39;t pay due to moratorium restrictions

The payments to the lenders or NCD holders remain in abeyance and will be subject to the outcome of the CIRP process, DHFL said.

Lamborghini India banks on healthy order book to prevent sales decline

While new orders are slow to come by, Lamborghini India is not witnessing any cancellations of bookings, although some customers have asked for delayed deliveries due to the health crisis.

Slideshow | Top companies by market cap last week; TCS, RIL biggest gainer

During the past week, the 30-share BSE Sensex advanced 850.15 points, or 2.41 percent. Tata Consultancy Services and Reliance Industries emerged as the biggest gainers in terms of market value.

Coronavirus pandemic | Bajaj Auto unions demand factory halt after 250 workers catch COVID-19

India went into complete lockdown in late March to curb the spread of the virus but it has recently eased restrictions despite the number of cases surging, putting some companies in a difficult position as they try to revive production.

#39;Beautiful#39; to have a pint: England#39;s pubs, restaurants and hairdressers reopen

Pubs were allowed to start serving from 6 am, sparking worries of over-indulgence on what the media dubbed a "Super Saturday" of coronavirus restrictions being eased. Some hairdressers were reported to have opened at the stroke of midnight.

PM Modi announces launch of Aatmanirbhar Bharat App Innovation Challenge, invites startups, tech community to participate

The announcement comes soon after the government banned 59 Chinese apps in India, including the much-popular TikTok app.

Coronavirus impact | Indian billionaires take a knock, have a slow year

The collective wealth of Indian billionaires fell by 22.8 percent compared to last year; the pandemic will hurt company valuations in the coming quarters as well.

With no paparazzis or parties, Paris prepares for virtual fashion week

Brands from Christian Dior to Valentino are pressing ahead with collections and shows through an organised schedule of videos running from July 6-8.

Coal production nil in most mines during 3-day strike: Trade union leader

Five trade unions, including RSS-affiliated Bharatiya Mazdoor Sangh (BMS), of Coal India (CIL) have been on strike since Thursday to protest against the government#39;s decision to start commercial coal mining.

Italy eyes measures to support auto, tourism industries: PM Giuseppe Conte

Speaking at a conference organised by the UIL trade union, Conte said the government needed to "redefine" tax incentives in favour of green, digital investments of the future, adding "we must support the worst affected industries such as automotive and tourism".

Disgorgement in news this last fortnight, both globally and in India

As the Indian market regulator Securities and Exchange Board of India (SEBI) builds precedents on disgorgement, the US Supreme Court in the month of June placed curbs on the ability of the US capital market regulator to disgorge.

This week in Auto: Indian EV startups beat slowdown to raise capital

Here is a complete look at what else made headlines during the week

AstraZeneca#39;s Dapagliflozin gets DCGI nod for treatment of heart failure patients

The company has received import and market permission from DCGI in Form CT-20 (Marketing Authorisation- Additional Indication).

Proposed Rs 8,250 crore Chambal Expressway to be game changer for Madhya Pradesh, Uttar Pradesh, Rajasthan: Nitin Gadkari

The project will also provide cross-connectivity with the Golden Quadrilateral#39;s Delhi-Kolkata corridor, North-South Corridor, East-West Corridor and Delhi-Mumbai -Expressway.

Pakistan will complete CPEC at all costs, says PM Imran Khan

Addressing a meeting held here to review progress on the CPEC projects, Khan said it is an excellent project for Pakistan#39;s socio-economic development and the "gigantic multi-faceted initiative would guarantee a bright future for the nation", the Dawn newspaper reported.

I-T dept amends tax challan to include non-resident e-commerce suppliers for equalisation levy

Over two dozen non-resident tech companies would come under the purview of the equalisation levy which was introduced in Budget 2020-21 and has come into effect from April 1, 2020. Its first installment is due on July 7.

Coronavirus pandemic | How are my kids still getting sick in lockdown?

Months into isolation, parents have told me that their kids have come down with mystery fevers, strep throat, lice, pinworms and roseola.

WhatsApp rolls out #39;It#39;s Between You#39; brand campaign in India

WhatsApp collaborated with Bollywood director Gauri Shinde along with BBDO India to create two 60-second ads that highlight how its features like texts, video calls or even a voice message (which is end-to-end encrypted) help replicate in-person conversations, it said in a statement.

Explained: What are Social Stock Exchanges and how do they work

SSE or Social Stock Exchange may be very helpful for non-profit organisations especially during COVID-19.

Considering to replace multi-modal transportation of goods act with national logistics law: Commerce Ministry

Special Secretary in the logistics division of the ministry, Pawan Agarwal said a National Logistics Efficiency and Advancement Predictability and Safety Act (NLEAPS) is under consideration and this law tends to define various participants of the logistics space and create a light regulatory ecosystem.

Independent director accuses promoters of Rs 600-crore scam in listed optic fibre maker

Promoters of Aksh Optifibre, a Delhi-based company, accused of creating a byzantine collection of shell companies, entering into undisclosed related party deals, and carrying out gold-plated imports. Independent director shoots letters to finance ministry and board calling for forensic audit.

JPMorgan drops terms #39;master,#39; #39;slave#39; from internal tech code and materials

The phrases "master" and "slave" code or drive are used in some programming languages and computer hardware to describe one part of a device or process that controls another.

TikTok distances from Beijing in response to India app ban

In a letter to the Indian government dated June 28th and seen by Reuters on Friday, TikTok Chief Executive Kevin Mayer said the Chinese government has never requested user data, nor would the company turn it over if asked.

Arunachal seeks #39;special consideration#39; for its power sector under Atma Nirbhar Bharat Abhiyan

Deputy Chief Minister Chowna Mein sought consideration in the implementation of system upgradation for generation, transmission and distribution of power, saying heavy rains, landslides and snowfall in the hilly state damage the power infrastructure.

Being loyal to your company may not pay off during COVID-19-linked job cuts

Even employees spending several years in an organisation are also not being spared during layoffs amidst COVID-19 outbreak.

Nickel futures rise on firm spot demand

On the Multi Commodity Exchange, nickel contracts for July delivery gained Rs 4.90, or 0.5 percent, to Rs 981.10 per kg in a business turnover of 1,671 lots.

Second tranche of Bharat Bond ETF to open on July 14, aims to raise Rs 14,000 crore

Edelweiss Mutual Fund aims to raise upto Rs 14,000 crore through the second tranche of Bharat Bond ETF.

CBI books GVK: A once high-flying group is now having trouble staying aloft

Even before its charges filed by CBI, Hyderabad-based GVK Group was facing problems in running its airports. The charges could not have come at a more inappropriate time.

Explained: How did Bharat Biotech emerge as dark horse in race for COVID-19 vaccine?

ICMR and Bharat Biotech are jointly working on the pre-clinical as well as clinical development of the vaccine.

Natural gas futures gain 0.7% in afternoon trade

In the futures market, natural gas for July delivery touched an intraday high of Rs 131.20 and an intraday low of Rs 128.60 per mmBtu on the MCX

Wealth map: Where do India#39;s billionaires live?

Mumbai and Delhi lead with the most number of billionaires in India, but you#39;ll find one each in Thrisur, Haridwar and Hisar too.

Silver futures slip 0.4% in afternoon trade

In the futures market, silver for September delivery touched an intraday high of Rs 49,196 and a low of Rs 48,935 per kg on the MCX.

Motorcycle segment to perform better than other auto verticals amid pandemic: Fitch

In India, motorcycle producers have largely returned to normal operations and the segment does not depend on imported components as much as other parts in the country#39;s automotive industry, which reduces the risk of further supply chain disruptions, it added.