Nifty Analysis for tomorrow

Indian companies continue to pay a high cost for compliance, report says

India#39;s Ease of Doing Business Ranking has improved significantly from 133 in 2009 to 63 in 2019.

Turbulence in Hong Kong could open a window of opportunity for India

India must grab this opportunity to become a successful â€˜trade diversionâ€™ market for rerouting trade from Hong Kong to the United Kingdom

Exclusive | Hedge fund Route One Investment in talks to raise stake in IndusInd Bank

A few other investors may also join Route One and participate in what could potentially be a wider fundraising round through the preferential allotment route

Sodexo warns of deeper fall in sales as coronavirus persists

The French firm, which provides catering for businesses, industrial sites, the military, government agencies, hospitals, schools and sports events, said it expects sales for the fourth quarter ending on August 31 to fall 27 percent.

CG Power#39;s current debt default at Rs 1,023 crore

The total debt payment default also includes Rs 873 crore principal as of June 30, according to a regulatory filing.

Low interest rates critical for survival of banks, says veteran banker KV Kamath

"If interest rates are at 6 percent, NPA#39;s will double in six years. Both cost of credit and the flow of credit both have to be looked at," he said adding that the problem with low interest, however, is that capital injection will be significantly lower.

Exclusive | KV Kamath says economic contraction not as bad as estimated, rebound faster than anticipated

Veteran banker KV Kamath expects the economy to see a shallow U-shaped recovery

SC grants one-month bail to Unitech promoter Sanjay Chandra after 3 years in jail

SC granted the bail as Sanjay Chandraâ€™s parents have tested positive for COVID-19.

Edutech startup Unacademy acquires PrepLadder for $50 million

Chandigarh-based PrepLadder was founded by Deepanshu Goyal and Vitul Goyal in 2015.

Tata Power seeks shareholders#39; nod to raise Rs 2,600 crore from Tata Sons

The company has listed a special resolution for issuance of shares to Tata Sons on a preferential basis in the 101st AGM scheduled for July 30, stated a regulatory filing.

India#39;s June palm oil imports drop 18% YoY: Trade body

The country#39;s imports of soyoil in June rose 49 percent from a year ago to 331,264 tonnes, while sunflower oil imports rose 66 percent to 268,128 tonnes, according to provisional data compiled by the Solvent Extractors#39; Association.

Malaysia#39;s AirAsia sees 2020 capacity at 45-60% of 2019 levels on coronavirus hit

The forecast was released in a presentation posted on the airline#39;s website on Tuesday, a day after it reported its biggest first-quarter loss since it listed on the Malaysian bourse in November 2004, according to Refinitiv Eikon data.

Tata Power subsidiary completes sale of 3 ships for $212.76 million

"Singapore-based Trust Energy Resources Pte Ltd (TERPL), a wholly-owned subsidiary of Tata Power has announced completion of sale of its three ships -- MV Trust Agility, MV Trust Integrity and MV Trust Amity to Oldendorff Carriers GmbH Co. KG, Germany -- for a consideration of USD 212.76 million," Tata Power said in a regulatory filing.

JLR starts deliveries of BS-VI petrol derivatives of Range Rover Evoque, Discovery Sport

The two SUVS are powered by Ingenium 2.0 (litre) turbocharged petrol powertrain, producing power of 184 kW, which is supported by a 48-volt mild hybrid system. These are available in feature-rich #39;S#39; and sportier #39;R-Dynamic SE#39; variants, JLR India said in a statement.

Caplin Point Labs#39; subsidiary inks distribution pact with Xellia Pharmaceuticals for 5 injectables in the US

The first product is expected to be launched shortly, while approvals for the remaining are expected in the next 12-18 months, Caplin Point Laboratories said in a BSE filing.

Car loan EMI scheme: Maruti Suzuki India ties up with Axis Bank for easy vehicle financing options

Maruti Suzuki and Axis Bank will offer a variety of car loan EMI schemes to customers and 100 percent on-road funding for salaried customers for eight years

Suzlon Energy loss widens to Rs 834.22 crore in March quarter

The consolidated net loss of the company was Rs 294.64 crore in the quarter ended on March 31, 2019, a regulatory filing said.

China#39;s Sinovac starts late stage trials for its COVID-19 vaccine

Sinovac said the study, which will be done in partnership with Brazilian vaccine producer the Instituto Butantan, would recruit nearly 9,000 healthcare professionals working in COVID-19 specialised facilities and start this month.

Tesla shares surge 13% as strong deliveries drive profit optimism

The day#39;s jump increased Tesla#39;s stock market value by $30 billion (24 billion pounds), eclipsing the entire value of Ford Motor Co , currently at $25 billion.

Infosys brings back over 200 employees, their families from US via chartered flight

The company brought these people back from San Francisco via a special chartered flight that landed in Bengaluru on Monday morning.

COVID-19 pandemic | Vistara will let passenger book adjacent seat at discount to keep it vacant

Kannan said the occupancy rate in Vistara flights has been on an average between 50 to 60 percent since the domestic passenger services resumed on May 25.

Coronavirus impact: A segue to ecommerce life

This digital transformation of goods has benefitted both the consumer and the retailer.

Indian app Trell records 1.2 crore downloads since Chinese app block

The company co-founder Pulkit Agarwal said that the app registered 5 times growth in daily active users and touching 2 crore monthly active users in last two days.

Indiabulls Housing Finance to convene EGM on July 29 for shareholders#39; nod to raise up to $300 million

The company said the intent of the fundraising plan is to augment the long-term resources and to maintain sufficient liquidity for meeting funding requirements of its business activities.

IDBI Trusteeship Services releases 12.5 lakh pledged shares of Max Financial

"12,50,000 shares of MFSL were released by the Trustee to the promoter group on the instructions of the lender on account of release event in terms of the loan agreement, resulting in reduction in the number of pledged shares," MFSL said in the regulatory filing on Monday.

Vasudeva Maiya, former CEO of Guru Raghavendra Bank, found dead in his car

The police have begun an investigation into Vasudev Maiya#39;s death.

Zinc futures rise on spot demand

On the Multi Commodity Exchange, zinc contracts for July delivery traded higher by Rs 1.35, or 0.83 percent, at Rs 163.40 per kg with a business turnover of 2,072 lots.

Nickel futures rise on firm spot demand

On the Multi Commodity Exchange, nickel contracts for July delivery gained Rs 14.30, or 1.46 percent, to Rs 991 per kg in a business turnover of 2,373 lots.

UK Chancellor Rishi Sunak unveils 1.57 billion pounds arts, culture COVID-19 rescue package

The Department for Culture, Media and Sport (DCMS) said the new package represents the â€œbiggest ever one-off investment in UK cultureâ€ and will provide a lifeline to vital cultural and heritage organisations across the country hit hard by the pandemic.

Overall performance may be quite volatile in FY21 due to coronavirus: Dr Reddy#39;s Laboratories

The company however remains cautiously optimistic of re-calibrating its levers to suit the new business environment, it noted.

Hyundai records over 15 lakh visitors on its online car sales platform

With the #39;Click To Buy#39; online sales platform, that integrates over 600 dealerships, the auto major is offering a complete end-to-end online car buying solution that enables customers to purchase cars from the convenience and safety of their homes, HMIL said in a statement.

Fixed deposits: 4 FDs you must invest in to beat low interest rates

But, most of the fixed deposits still offers interest rates which are high when compared to banks.

Demand for MGNREGA work up 70%, but employment opportunities insufficient

Among states, Uttar Pradesh â€“ which saw the highest reverse migration during the lockdown, had the highest applications at 74.94 lakh households in June

Airtel deploysÂ cloud-based VoLTE network powered by Nokia software products

The network supports over 110 million customers, which makes it "the largest cloud-based VoLTE network in India and the largest Nokia-run VoLTE in the world," a statement by Nokia said.

US sanctions will hit Huawei, UK decision not set in stone: British minister

Britain granted Huawei a limited role in its future 5G networks in January but officials at the National Cyber Security Centre (NCSC) have since studied the impact of the US measures that were announced in May.

Free food, housing, air tickets â€“ incentives Indian companies are offering to lure back migrant workers

Private companies are also competing with government incentives for rural opportunities such as free food, fuel, cash transfers and promise of jobs

The fare dilemma: United#39;s flights from Delhi put spotlight on Air India#39;s Vande Bharat ticket price

Fares charged for United#39;s repatriation flights much lower than those charged by Air India.

Lockdown impact: Sobha#39;s Q1 sales bookings down 37% at Rs 488 crore

Its sales bookings stood at Rs 777.7 crore in the year-ago period. In the previous quarter, bookings were down 30 percent from Rs 694.5 crore.

Govt may appoint ecommerce regulator; impose stricter rules on Google, Amazon: Report

These proposals are part of a 15-page ecommerce policy draft prepared by the Department for Promotion of Industry Internal Trade.

COVID-19 impact | Will have to cut wages by 50% if there is another lockdown: Rajiv Bajaj

Bajaj Autoâ€™s Managing Director Rajiv Bajaj said while there had been no salary cut so far, the company would have to lower wages by 50 percent if another hard lockdown was imposed.

The #39;van life#39; business is booming

Coronavirus is just a distant memory while zipping around in a several-hundred-thousand-dollar custom van on the open road.

Gold slips as risk appetite improves, virus surge caps losses

Spot gold was down 0.1 percent to $1,773.49 per ounce by 0306 GMT. US gold futures fell 0.4 percent to $1,782.30.

Tesla mocks shortsellers with sale of red satin shorts

The "Short Shorts" on the Tesla shop website feature gold trim and "S3XY" in gold across the back, which also happens to be formed from Tesla model names.

Audi India head says luxury cars may benefit from the absence of luxury holidays

QA with Balbir Singh Dhillon, Head of Audi India

Paytm#39;s Vijay Shekhar Sharma to buy 51% stake in Raheja QBE General Insurance for Rs 290 crore

This marks the entry of Paytm into the insurance segment. The payments company has been selling insurance products as a third-party distributor.

Adani Transmission inks pact with KPTL to buy Alipurduar Transmission

Alipurduar Transmission operates transmission lines aggregating to around 650 circuit kilometres (ckt. km) in West Bengal and Bihar, ATL said.

Zydus Cadila gets approval from Mexican authority to test COVID-19 drug

"Clinical and regulatory development of Desidustat in COVID-19 is being executed in Mexico by Avant SantÃ© Research Center S.A. de C.V., a leading contract research organisation headquartered in Monterrey, Mexico," Cadila Healthcare said in a regulatory filing.