Latest News Headlines Thu Aug 9 09:57:48 IST 2018

2. Partly cloudy Thursday in Delhi
3. The Spy Who Dumped Me': Entertaining in spite of mishmash genres (IANS Review, Rating: **1/2)
4. Muzaffarpur shelter home case: CBI demands medical report of Brajesh Thakur
5. Protesters disrupt road traffic in Maha over Maratha quota
6. Maratha agitators disrupted road traffic in some parts of Maharashtra today as part of their statewide protests over the reservation demand.
7. Rupee gains 18 paise against dollar
8. Rising for the third day, the rupee firmed up by 18 paise to 68.45 against the US dollar in opening trade today on continued selling of the American currency by exporters and banks amid foreign capital inflows.
9. 18-year-old girl, cop shot dead in Rohtak
10. Assam NRC draft contains errors: Tarun Gogoi
11. Former Fergie right-hand man to assist new Socceroos boss Arnold
12. One of Sir Alex Ferguson's closest assistants has been hired to help new Socceroos coach Graham Arnold defend Australia's title at January's Asian Cup and build towards the next World Cup.
13. Police chief's son arrested for assault on septuagenarian Sikh man in California
14. Son of a police chief in California is among two teenagers arrested and charged with attempted robbery and abuse in the brutal attack on a 71-year-old Sikh man this week.
15. Sri Lanka end losing streak against South Africa in tense clash
16. Suranga Lakmal took three key wickets in a tense encounter Wednesday cut short by rain to guide Sri Lanka to their first one-day win over South Africa in 12 matches.
17. Man Utd aim to defy Mourinho's doubts in Premier League opener
18. Manchester United have to defy their own manager Jose Mourinho's fears for a season of doom and gloom when they kick off the Premier League campaign against Leicester City on Friday.
19. China's Peng banned and fined for Wimbledon corruption attempt
20. China's former world number one doubles star Peng Shuai was banned for six months and fined USD 10,000 on Wednesday for attempting to force her doubles partner to withdraw from Wimbledon in 2017, the Tennis Integrity Unit announced.
21. Djokovic backs Davis Cup reforms
22. Reigning Wimbledon champion Novak Djokovic says he is in favour of a bid to turn the Davis Cup tournament into a season-ending Grand Slam-level showdown, as it would ease scheduling woes for the players.
23. IPL like league is the need of the hour for Indian basketball: NBA star Brook Lopez
24. Milwaukee Bucks centre Brook Lopez feels that an IPL like professional league to enhance the popularity of basketball in India.
25. Nagasaki marks 73 years since A-bombing as UN chief attends
26. Nagasaki is marking the 73rd anniversary of the atomic bombing over the city, joined by the head of the United Nations for the first time amid the effort to push forward North Korea's denuclearization.
27. Global Markets: China stock rally helps steady nerves, Russian rouble skids
28. China stock rally helps steady nerves, Russian rouble skids
29. Dun & Bradstreet to go private for $5.38 billion
30. Canada's Sun Life, Manulife reap benefits of Asia growth
31. SonyLIV and Legrand Innovate to entertain with 'The Good Vibes
32. Market opens higher
33. Gulf Oil Lubricants India standalone net profit rises 17.03% in the June 2018 quarter
34. Amber Enterprises India standalone net profit rises 12.69% in the June 2018 quarter
35. Dhampur Sugar Mills consolidated net profit declines 49.45% in the June 2018 quarter
36. Confidence Petroleum India consolidated net profit rises 205.72% in the June 2018 quarter
37. Kilpest India consolidated net profit rises 31.34% in the June 2018 quarter
38. Inox Wind reports consolidated net profit of Rs 10.37 crore in the June 2018 quarter
39. HB Portfolio reports standalone net loss of Rs 0.69 crore in the June 2018 quarter
40. Nitin Spinners standalone net profit rises 21.21% in the June 2018 quarter
41. AU Small Finance Bank standalone net profit rises 24.24% in the June 2018 quarter
42. Sangam Renewables reports standalone net loss of Rs 0.03 crore in the June 2018 quarter
43. Wonderla Holidays standalone net profit rises 27.00% in the June 2018 quarter
44. Future Lifestyle Fashions standalone net profit rises 20.37% in the June 2018 quarter
45. Merck standalone net profit rises 139.99% in the June 2018 quarter
46. Speedage Commercials reports standalone net loss of Rs 0.03 crore in the June 2018 quarter
47. Trident standalone net profit declines 33.42% in the June 2018 quarter
48. Rishiroop standalone net profit declines 23.03% in the June 2018 quarter
49. Dolphin Offshore Enterprises (India) reports standalone net profit of Rs 0.68 crore in the June 2018 quarter
50. Garden Silk Mills reports consolidated net loss of Rs 12.31 crore in the June 2018 quarter
51. Mahindra & Mahindra standalone net profit rises 62.91% in the June 2018 quarter
52. Jindal Hotels reports standalone net profit of Rs 0.04 crore in the June 2018 quarter
53. Dynavision standalone net profit rises 8.41% in the June 2018 quarter
54. ISGEC Heavy Engineering standalone net profit rises 82.92% in the June 2018 quarter
55. J J Finance Corporation standalone net profit rises 100.00% in the June 2018 quarter
56. Kartik Investments Trust reports standalone net loss of Rs 0.01 crore in the June 2018 quarter
57. Steelcast standalone net profit rises 101.53% in the June 2018 quarter
58. Butterfly Gandhimathi Appliances reports standalone net profit of Rs 1.26 crore in the June 2018 quarter
59. P. H. Capital reports standalone net loss of Rs 0.88 crore in the June 2018 quarter
60. Confidence Petroleum India standalone net profit rises 202.51% in the June 2018 quarter
61. Dhoot Industrial Finance standalone net profit declines 84.09% in the June 2018 quarter
62. CSL Finance standalone net profit rises 59.02% in the June 2018 quarter
63. Nikki Global Finance reports standalone net profit of Rs 0.02 crore in the June 2018 quarter
64. Sahara Housing Fina Corporation standalone net profit declines 42.53% in the June 2018 quarter
65. Lovable Lingerie standalone net profit declines 34.78% in the June 2018 quarter
66. Alkali Metals standalone net profit rises 30.77% in the June 2018 quarter
67. Accel Frontline standalone net profit rises 3140.00% in the June 2018 quarter
68. Inox Wind reports standalone net profit of Rs 14.11 crore in the June 2018 quarter
69. Bombay Dyeing & Manufacturing Company reports standalone net loss of Rs 93.74 crore in the June 2018 quarter
70. Electrosteel Castings reports standalone net loss of Rs 573.69 crore in the June 2018 quarter
71. Triveni Glass standalone net profit rises 35.79% in the June 2018 quarter
72. Garden Silk Mills reports standalone net loss of Rs 12.39 crore in the June 2018 quarter
73. RMG Alloy Steel reports standalone net profit of Rs 18.68 crore in the June 2018 quarter
74. Sanghi Industries standalone net profit declines 37.06% in the June 2018 quarter
75. Libord Finance standalone net profit rises 300.00% in the June 2018 quarter
76. Asia Pack standalone net profit rises 40.00% in the June 2018 quarter
77. Kilpest India standalone net profit declines 50.00% in the June 2018 quarter
78. MARKETS LIVE: Indices pare some gains, Sensex slips below 38,000-mark
79. Forbes Asia Investment Briefing: UBS Scales Back On Risk As Trade Talks Falter
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104. The pain of no deal
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115. Israel attacks Hamas post in Gaza in response to gunshots
116. Semi-finished small arms, machines seized in Bengal
117. It was a partly cloudy morning here on Thursday with the minimum temperature recorded at 27.6 degrees Celsius, a notch above the season's average, according to the weather office.
118. CISF takes over security of 15th Finance Commission office
119. Sensex hits 38,000; Nifty nears 11,500
120. UP additional DGP showers rose petals on kanwariyas from helicopter
121. Spike in PM2.5 levels has serious health implications: SC
122. Sensex hits 38,000 for first time, Nifty opens at record high
123. Modi ready with mother-of-all policy reboots
124. Not everyone is happy with e-commerce draft
125. Bandh: Internet suspended in some parts of Pune
126. Declare Nirav Modi an absconder: Customs
127. Indian panel to examine China-backed Asia trade pact
128. नेशनल एल्युमिनियम कंपनी लि. खरीदें रुपये 74.के लक्ष्य पर: कुणाल बोथरा
129. Don’t expect too many AMCs to come to market to raise money
130. T Rowe Price wants FIs to cut holding in UTI
131. How to correctly check returns of mutual funds
132. T Rowe Price wants FIs to cut holding in UTI AMC
133. Multicap schemes are the best bet at this point, say mutual fund advisors
134. SC/ST Act: Justice done, Adarsh Goel posting no longer an issue, says Chirag Paswan
135. Declare 'Nirav Modi' an absconder: Customs Dept
136. Panel suggests higher threshold for NCLT cases
137. 09:49 AM | 09 Aug
138. ICICI Bank is leading the pack with a gain of 3 per cent while Maruti skidded 1 per cent as the worst laggard.
139. Sophos Intercept X
140. Ad: Sterling Holidays
141. Sensex hits 38,000 for first time, Nifty50 nears 11,500
142. Buy National Aluminium Company, target Rs 74: Kunal Bothra
143. Buy Sterlite Technologies Ltd. target Rs 380.0 : Kunal Bothra
144. Buy Sterlite Technologies, target Rs 380: Manas Jaiswal
145. Buy Ajanta Pharma, target Rs 1250: Manas Jaiswal
146. Maharashtra Bandh Live Updates: Internet suspended in 7 tehsils of Pune, no effect in Mumbai
147. Modi ready with mother-of-all policy reboots in poll year
148. ICICI Bank was leading the performance chart with a gain of 3 per cent.
149. Buy National Aluminium Company Ltd. at a price target of Rs 74.0 and a stoploss at Rs 63 from entry point.
150. Buy Sterlite Technologies Ltd. at a price target of Rs 380.0 and a stoploss at Rs 350 from entry point.
151. Buy Sterlite Technologies Ltd. at a price target of Rs 380.0 and a stoploss at Rs 348 from entry point.
152. Buy Ajanta Pharma Ltd. at a price target of Rs 1250.0 and a stoploss at Rs 1160 from entry point.
153. Buy Voltas Ltd. at a price target of Rs 605.0 and a stoploss at Rs 585 from entry point.
154. Buy Cipla Ltd. at a price target of Rs 645.0 and a stoploss at Rs 625 from entry point.
155. These ministries have expressed their reservations and are expected to put their objections in writing.
156. Yesterday, a group of kanwariyas vandalised a car in Delhi's Moti Nagar after it allegedly brushed past one of them.
157. Sensex hits 38,000 for first time, Nifty opens at record highICICI Bank is leading the pack with a gain of 3 per cent while Maruti skidded 1 per cent as the worst laggard.
158. Modi ready with mother-of-all policy rebootsThe policy, being given final touches by the DIPP, will go for Cabinet approval in next two weeks.
159. Not everyone is happy with e-commerce draftThese ministries have expressed their reservations and are expected to put their objections in writing.
160. Bandh: Internet suspended in some parts of PuneGovernment has beefed up security across the state since protests held by Maratha groups last month had witnessed large-scale violence and arson in various parts of the state.
161. Mutual funds are by far the best and the most suitable way of investing.
162. "Having raised rates in back-to-back meetings, MPC has time to assess how the uncertainties pan out.
163. Four state-owned financial institutions which together own 74 per cent in UTI AMC, are not in favour of granting Puri a second term.
164. Yesterday, a group of kanwariyas vandalised a car in Delhi's Moti Nagar after it allegedly brushed past one of them.
165. The world’s largest furniture and home products company IKEA is unfazed by the changing policy landscape in India and was in the country for the long haul, global CEO Jesper Brodin told a select group of journalists here.Brodin’s take is significantly different from that of a few foreign retail executives who recently expressed wariness about the government’s latest draft policy that seeks to ring in sweeping changes to e-commerce business.“Our business is long term. Of course, politics follows its own cycles,” Brodin said in Hyderabad, where the largest Swedish retailer opens its first outlet in India on Thursday. “For me and for us, there is logic in what India is doing for the development of India and we have to trust and believe that and it will continue to happen. So I would say we are not sleepless over that.”Brodin said India is a long-term investment and one of the biggest future markets for IKEA and the company is prepared for some eventualities. “India is a big commitment for us and as a group, we are prepared to take risks for years to come,” he told a select group of reporters in Hyderabad.The IKEA store in Hyderabad’s HITEC City is spread over 400,000 sq ft.“By 2025, we need to bring a certain volume to our business in order to get an impact and profitability,” Brodin said at the store on the eve of its launch. “So, one store is too little volume for us to become as good as we want to.” IKEA would require at least need 8-10 stores in India to leverage economies of scale for the company in India.IKEA said it has been aggressive in pricing by offering 1,000 of the total 7,500 SKUs priced under Rs 200 and 500 of them below Rs 100 and the company seeks to build a long-term market rather than chasing short-term profitability. “We have taken a very offensive strategy, meaning we step in bravely into low prices,” the global head for the Swedish retailer said.“Coming years, we will exponentially increase our efforts into digital interface with the customers,” the CEO said. About 5% of IKEA’s 38 billion euros global revenue in 2017 came through online sales.IKEA looks to upwardly revise investmentsIKEA, which had agreed in 2013 to invest Rs 10,500 crore to open 25 stores in India, is now looking to speed up rollout of stores and upwardly revise its investments here, IKEA India deputy chief executive Patrik Antoni said.“We see India more positive today than we thought when we arrived. We arrived with a positive outlook. But we see a very strong demographic growth and the economy is strong,” Antoni told ETon the sidelines of a media conference on Wednesday.“We see bigger opportunities now,” said Antoni, adding that the changed economic environment and exploding retail market should help IKEA India expedite the rollout of its India stores and amplify investments.â€"CR Sukumar(Rasul Bailay was in Hyderabad at the invitation of IKEA.)
166. HDFC Asset Management Company, which runs HDFC Mutual Funds, has just had an extremely successful stock listing. On the first day after listing, the stock closed up 65 per cent. While the promoter, HDFC, must be wondering whether it had underpriced the issue and thus left money on the table, the price appreciation does indicate an impressive demand for the stock.While I hold no strong view on whether this particular stock is a good investment or not from here onwards, I’ve observed over the last few days that a lot of casual equity investors do not appreciate the unique business model that mutual fund companies have. Coincidentally, just the day HDFC AMC listed, I came across an (unrelated) tweet by the American financial commentator Morgan Housel which brought home the quality of asset management companies’ businesses. Wrote Housel, “Investment management fees might be one of your household’s top budget line items, but you don’t realise it because you pay in autodeducted basis points instead of an invoice.”To test Housel’s theory, I cornered a friend who has been investing in mutual funds for more than two decades and whose investments have grown to around Rs 85 lakh. “How much do you pay for fund management services,” I askedRs “Nothing,” he said. When I told him that he actually paid around Rs 20,000 a month, he was shocked. Housel’s conjecture was absolutely true. At Rs 20,000 a month, fund management is literally the largest single regular expense that my friend’s household makes!I won’t go into the question of whether Rs 20,000 a month is too much for managing Rs 80 lakh. That’s a topic for another day. However, consider the facts: A middle-class household is paying about 15 per cent of its total monthly expenses for fund management, and does not realise it’s doing so, and the amount is rising, and it will continue to pay this basically forever. All this means that running an AMC can be a great business, and quite probably, buying the stock of good AMCs at a reasonable valuation could make you much more money than investing in those AMCs’ mutual funds!But seriously, that makes it sound like mutual funds are not a good way of investing. Nothing could be further from the truth â€" mutual funds are by far the best and the most suitable way of investing that is available to the Indian investor. Despite the cost (and I firmly believe that cost is on the way down), a lot more Indians are going to find it worthwhile to be investing a lot more money into mutual funds in the years to come. There might be a lot of noise around mutual funds, but at the end of the day, only around 2-3 per cent of households have any substantial investments in mutual funds. I know that much higher figures of up to 10 per cent are quoted but based on my experience, I’m unable to believe that. Of households who make discretionary financial savings, maybe it’s 10 per cent.Thus, the other part of this story is the growth potential. Growth will come to all parts of this equation. This 2-3 per cent will keep growing, as will the actual amounts invested by the existing investors, and as will the value of the money invested.However, I wouldn’t expect too many AMCs to come to the equity markets to raise money. In fact, that’s the other part of why this is such a great business â€" there simply isn’t any particular need for too much capital.The two listed AMCs that we have both went public not because they needed capital but as a way of promoters’ raising some money and for liquifying employee stock options.In combination with everything else, this short supply in AMC equity will itself be good news for investors.(Author is CEO, Value Research)
167. Far from Marina Beach, in the rain, paying homage to Kalaignar
168. Indians online: One in five harassed, here is how, why
169. UN refugee agency welcomes Thai move to give cave boys and coach citizenship
170. The 12 rescued boys returned to school this week after all but one of them spent nine days in a Buddhist monastery, a tradition for…
171. Year after she eloped with Dalit, Rohtak girl and police escort are killed
172. जम्मू-काश्मीरमध्ये अजून एका दहशतवाद्याचा खात्मा, एकूण ५ जणांना कंठस्थान
173. Salman Khan reveals what happened when Arpita declared she wanted to marry Aayush Sharma
174. Flipkart The Big Freedom Sale: Redmi 5A की सेल, Nokia, Samsung, Honor, Redmi के ये मोबाइल मिलेंगे सस्ते में
175. US commander: No need for major change in Afghan war plan
176. The world needs less bullies, teach your kids empathy
177. August 9, 2018 9:33:28 am
178. Heavy Rain Showers
179. The Newsroom
180. Fifth militant killed in north Kashmir encounter
181. Maratha groups call for shutdown over demand for 16 pc reservation; security stepped up
182. AIDS, a collection of infections and cancers, people with HIV develop
183. LAKE ELSINORE, AUG 9 :- The Holy Fire spreads in Lake Elsinore, California, the U.S. August 8, 2018 in this still image taken from a video obtained from social media. Lake Elsinore City Hall/via REUTERS-4R
184. TOKYO, AUG 9 :- People pray for victims of the 1945 atomic bombing in front of the Peace Statue on a day commemorating the 73rd anniversary of the bombing at Nagasaki's Peace Park, western Japan in this photo taken by Kyodo August 9, 2018. Mandatory credit Kyodo/via REUTERS-3R
185. TORONTO, AUG 9 :- Felix Auger-Aliassime (CAN) reacts after winning a point against Daniil Medvedev (not pictured) in the Rogers Cup tennis tournament at Aviva Centre Aug 8, 2018; Toronto, Ontario, Canada. Mandatory Credit: John E. Sokolowski-USA TODAY Sports. REUTERS-2R
186. TOKYO, AUG 9 :- A woman prays for victims of the 1945 atomic bombing on a day commemorating the 73rd anniversary of the bombing at Nagasaki's Peace Park, western Japan, in this photo taken by Kyodo August 9, 2018. Mandatory credit Kyodo/via REUTERS-1R
187. Adivasi Dibas to be celebrated today