Latest News Headlines Wed Jul 18 10:14:49 IST 2018

2. Rescue operations underway in full swing at Greater Noida where under construction building collapse
3. PM Modi seeks cooperation from all political parties to make Monsoon session productive
4. EC rejects AAP MLAs' plea to cross-examine petitioner in office-of-profit case
5. Monsoon Session begins today; Triple Talaq bill, Constitution (123rd Amendment) bill giving Constitutional status to National Commission for Backward Classes, high on govt's agenda
6. PM’s address at the Valedictory function of New India Conclave at Vigyan Bhawan, New Delhi
7. PM addresses New India Conclave
8. PM’s address at the inauguration of Bansagar Canal Project and laying of Foundation Stone for various development projects in Mirzapur
9. PM in Mirzapur, dedicates Bansagar Canal Project to the Nation
10. PM’s address at the inauguration and laying of Foundation Stone for various development projects in Varanasi
11. PM’s address on laying of Foundation Stone for Poorvanchal Expressway in Azamgarh
12. PM inaugurates, lays Foundation Stone for various development projects in Varanasi
13. PM lays Foundation Stone for Poorvanchal Expressway in Azamgarh
14. We need to find good balance in ODI side before World Cup: Kohli
15. India will have to find the right balance in the ODI side and get their "act together" before the World Cup next year, said skipper Virat Kohli after his team's 1-2 loss in the three-match series.
16. Thai cave boys to leave hospital, speak to media
17. Twelve boys and their football coach rescued from a cave in Thailand will leave hospital today and speak to the media for the first time, a government spokesman said.
18. Marvel launching 'Black Panther' comic spin-ff 'Shuri
19. Marvel Entertainment is planning to launch a new comic book series centred around T'Challa's younger sister, Shuri, months after the character became a fan favourite in the movie "Black Panther".
20. Azealia Banks axes album
21. Azealia Banks has cancelled her album 'Fantasea II: The Second Wave'.
22. Gold steady as dollar firms on U.S. Fed rate outlook
23. PNC Infratech advances after new order win
24. Australia Market bounces on upbeat offshore lead
25. Japan Market gains on upbeat offshore lead, yens soft tone
26. Select PSBs extend gain on government's Rs 113 bn capital infusion plan
27. Banks, India banks
28. MARKETS LIVE: Indices trim opening gains, Nifty tests 11,050; IT stocks up
29. crude oil
30. Technical calls by Religare Broking: Buy Maruti Suzuki, Just Dial
31. Today's picks: From Indian Oil to Bharti Airtel, hot stocks to watch today
32. Technical calls by HDFC Securities: Buy Reliance, M&M Financial Services
33. Nifty outlook and top trading ideas from Prabhudas Lilladher for today
34. Nigerian Multi-Millionaire Kola Karim Signs Joint Venture With Portuguese Construction Giant
35. Channel - Block D - Billionaires - blog - Position 3 - Papa John's Founder Used N-Word On Conference Call
36. Channel - Block D - Billionaires - blog - Position 4 - Nigerian Multi-Millionaire Kola Karim Signs Joint Venture With Portuguese Construction Giant
37. Advertise
38. Reprints
39. Media Centre
40. America’s cultural divide isn’t growing
41. Violent Islamist groups are gaining strength in Africa
42. Trans masculine people are being excluded from the conversation
43. Open Future
44. After two weeks
45. “Who is America?” contains genuine insight
46. Some gender-critical voices are not being heard as they should
47. What sovereignty means for America’s Indian tribes
48. France wins the World Cup
49. Nawaz Sharif returns to Pakistan
50. Vladimir Putin’s hopes for his long-awaited meeting with Donald Trump
51. Divided we stand
52. Daily chart
53. Russia's royal martyrs
54. Keeping it surreal
55. Buffo
56. Israel and eastern Europe
57. France’s World Cup triumph
58. The World Cup
59. Islam in Belgium
60. No smoke without fire
61. Prison politics
62. Back at centre stage
63. Jihad’s next battleground
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65. Delhi Golf Club denies charges of illegal tree axing
66. Maratha soldiers to summit Mount Kun in Kargil to celebrate glorious past
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74. Pollution even when ‘safe’ slows down brain growth in kids
75. Odisha to Spend Rs 1,000 Crore on Cancer Care Programme
76. Is Aggression Different From Bullying?
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79. Film, TV Celebs Mourn ‘Warm, Jovial’ Rita Bhaduri’s Death
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82. SC seeks ideas to enforce sexual harassment law at workplace
83. Men’s childhood environment may determine testosterone levels later
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85. UBI looks at Rs 3,000 cr recovery, expects to turn profit this fiscal
86. UBI looks at Rs 3,000 cr recovery, expects to turn profit...
87. Trump to skip G7 climate sessions following spat with Macron, Trudeau
88. Adnan Sami claims staff was called ‘Indian dogs’ at Kuwait airport
89. Sunny Saturday morning in Delhi
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97. Trying to lose weight? New drug obtained from chilli peppers can help
98. A bad day can increase productivity at work
99. At $113.5 mn, China's most expensive movie 'Asura' becomes an epic flop
100. Kim Kardashian-West argues that she and her siblings, including Kylie Jenner, are 'self-made
101. Vicky Kaushal hurts right arm during 'Uri' shooting in Serbia
102. Shabana Azmi remembers Rita Bhaduri, friend from FTII: I used to clamber into her bed on waking up in the hostel
103. Microsoft to roll out new version of Skype with HD video and group calls from September 1
104. Will not supply advance information about witnesses: Prosecution to tell Court
105. Central govt staff set to get yet another salary windfall
106. Disclose details of gifts received in ITR
107. सेंसेक्स टुडे | शेयर बाजार रिकॉर्ड ऊंचाई पर, PSU बैंक उछले
108. In Focus: PNB, UltraTech, RCom among stocks to track today
109. Rupee opens 3 paise up at 68.42 against dollar
110. This year gifts have to be declared in ITR: Here's how they are taxed
111. All the links you need to file ITR for FY 2017-18
112. Now get MF scheme portfolio every month in your inbox
113. Mutual Fund industry rebounds in June
114. Govt for making FASTags, vehicle tracking systems mandatory for Commercial Vehicles
115. 10:10 AM | 18 Jul
116. By Workstore.in
117. As per the proposal, the vehicles will have to carry a sticker on the front wind screen confirming presence of the FASTag.
118. Ad: Career Times
119. IOB, Corp Bank, PNB rally on capital infusion nod
120. Brokerages adding ‘buy’ tag to Bajaj Auto
121. Framework necessary as TRAI responsible for protecting consumers’ interests: RS Sharma
122. TCNS Clothing raises Rs 337 crore from anchor investors
123. Sensex jumps 200 pts, Nifty50 tests 11,050; IOB rallies 12%
124. Monsoon session begins today: Key bills to be taken up
125. TCNS Clothing IPO to kick off tomorrow; should you subscribe?
126. Central govt employees are set to get yet another windfall
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128. This is the first ever capital infusion in the current fiscal.
129. Shares of Bajaj Auto outperformed its peers by 12 per cent in the past one month.
130. We feel that protecting the consumers data, ensuring their safety and security is very important.
131. The firm sells its products under W, Aurelia and Wishful brands.
132. Vedanta, Bharti AIrtel, Tata Steel and Tata Motors declined 1 per cent each.
133. Central govt staff set to get yet another salary windfallGovt is set to modify index and base year to calculate DA. It will benefit 11 million govt employees.
134. Govt now has a plan to stop Mallyas, NiMosGovt has set up a panel to identify measures to stop defaulting promoters from leaving country.
135. The US currency lost some allure because of selling by banks and exporters.
136. NEW DELHI: The government has set up a committee to identify measures aimed at stopping defaulting promoters from fleeing the country and avoid a high-profile repeat of departures such as those of Nirav Modi and Vijay Mallya, said a top official. This will include a check on possible dual citizenship.Headed by financial services secretary Rajiv Kumar, the committee has representation from the Reserve Bank of India, the ministries of home and external affairs, the Enforcement Directorate and the Central Bureau of Investigation.It will suggest mechanisms and whether changes are required in existing laws. “We will focus on those promoters who have citizenship of any other country and have not declared the same,” the finance ministry official said. If the loan accounts of these promoters are under stress or their companies have defaulted on payments, the government may also seek details of any overseas travel they’re planning, he said. A loan default takes some time to evolve into a non-performing asset and it’s even longer before any fraud is uncovered.
137. ET Intelligence Group: Long-term investors may apply for the upcoming IPO of TCNS Clothing. The company’s unique positioning in the less crowded women’s wear segment, with dominant brands such as ‘W’, ‘Aurelia’ and ‘Wishful’, may attract strong interest from institutions. In the choppy markets, funds are increasingly finding more comfort with consumer companies that offer high growth visibility.The Rs 1,125-crore IPO will be an offer for sale where the promoters, private equity investors TA Associates and employees will be offloading their shares partially. Their holdings currently are 43.7 per cent, 40.7 per cent and 15.6 per cent, respectively.
138. NEW DELHI: The road transport and highways ministry has proposed to make FASTags and vehicle tracking systems mandatory for commercial vehicles seeking a national permit.As per the proposal, the vehicles will have to carry a sticker on the front wind screen confirming presence of the FASTag. FASTags are cards launched by National Highways Authority of India (NHAI) to allow cashless payment of toll fee and facilitate near non-stop movement of vehicles through toll plazas.It employs RFID technology for making toll payments directly from the prepaid account linked to it. The draft amendments to the Motor Vehicles Act, 1988 has already been issued by the ministry and the same will have to be cleared by parliament. “The proposed amendment also provides that no fitness certification will be required at the time of registration for new transport vehicles sold as fully-built vehicles,” a statement from the ministry said. “It has also been proposed that fitness certificates of transport vehicles will be renewed for a two years for vehicles up to eight years old, and for one year for vehicles older than eight years.”The government has also proposed that driving licence and ‘pollution under control’ certificate can be carried in either physical or digital form.TRANSPORTERS PLAN STRIKE The All-India Motor Transport Congress has threatened to go on a nationwide indefinite strike from July 20 to protest against the increase in diesel prices, high toll rates, GST compliance issues and problems with e-way bills.
139. NEW DELHI: TCNS Clothing, the owner of Aurelia, W and Wishful brands, will kick off its Rs 1,125-crore initial share sale on Wednesday. The issue of 15,714,038 shares will be offered in the Rs 714-716 price band. Bids could be made for a minimum lot of 20 shares and in its multiples thereafter. The issue looks fully-priced, said analysts, adding that long-term investors can subscribe to the issue.At the higher end of the price band of Rs 716, the issue is priced at P/E of 44.8 times (post dilution) on FY18 basis compared with industry average of 51.9 times."At this valuation, the issue seems fully priced. TCNS is positioning its brands to carve a niche for itself in terms of comfort, fit and concepts of products. The company is looking at capitalising on the opportunity in the Indian women’s apparel industry and capture market share by strengthening its brand portfolio. Given the mature valuations and growth prospects, one can subscribe to the issue from a long-term perspective," said Centrum Broking.The company retails its products through large format stores such as Pantaloons, Shoppers Stop and Lifestyle, among others.Overall, it covers 1,469 outlets across 203 cities in 29 states and sells products through online retailers - Amazon, Jabong and Myntra -- and its own website. Ambit Capital noted that TCNS improved recall among youth aged 25-35 years and trebled its own-store network since FY13 at a time when peers were stumbling.But the brokerage believes that investors must consider a question: Will the high gross margin of 63 per cent sustain despite own stores drawing only 30 per cent of revenue?"A price differential of up to 60 per cent invites competition from value fashion players and new entrants, which can play truant; a case in point being Madura, a premium offering of ABFRL, which took gradual price hikes until FY16," it said.Choice Broking is expecting this firm to report 20.5 per cent jump in FY19 sales at Rs 1,015.34 crore and an EPS growth of 11.3 per cent at Rs 17.8 per share.The brokerage termed valuations as "demanding". The brokerage did not compare Page Industries as a peer to TCNS and suggested that peer average ex-Page is 38.8 times."With respect to FY18E and FY19E EPS too, it is asking a premium valuation to its peers. Thus, considering its short financial history and premium valuation, we are assigning an AVOID rating to the issue," it said.Valuations look a bit stretched, said Hem Securities. But given the portfolio of established brands, widespread distribution network and presence across a variety of retail channels, the brokerage has a 'Long term subscribe' rating on the issue.The offer will constitute up to 25.63 per cent of the post-offer paid-up equity share capital of the company. This is an offer for sale (OFS) where promoters Onkar Singh Pasricha and Arvinder Singh Pasricha and other existing shareholders such as Anant Kumar Daga, Vijay Kumar Misra and Mit Chand will put their shares on the block.
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