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Shares of Hathway Cable and Datacom jumped 20 percent after company entered in to partnership with Netflix to offer video streaming services to its subscribers.Netflix said that it has partnered Hathway Broadband to offer video streaming services to the latter's eight lakh subscribers. Under the alliance, Netflix will be offered through Hathway's set-top box that includes a remote with a dedicated Netflix button to allow users to launch the service directly.      For Expert Advice Click here: CapitalHeight .         Shares of Merck fell 5 percent intraday today after Competition Commission of India has approved the acquisition of 51.8 percent stake in the company by Procter & Gamble Overseas. CCI has passed an order approving the transaction involving the proposed acquisition by Procter & Gamble Overseas India B. V. of 51.8 percent equity share capital of the company.       Shares of Tata Consultancy...

The Indian rupee has seen the worst day in its history on Tuesday, touching 70 a dollar for the first time, led by depreciation in the Turkish Lira that put more pressure not only on Euro but also on other Asian currencies. The fall in currency started couple of days back, taking total dip to 2.4 percent in August and year-to-date around 10 percent.      For Expert Advice Click here: CapitalHeight .         The Turkish lira has plunged by about 25 percent in a week or 45 percent on a year-to-date basis, due to heady mix of high foreign debt, rising  CAD and deteriorating political situation. Although India is less vulnerable relative to other EMs in terms of external debt and current account deficit, but if the crisis continues further, it could hurt economic recovery.         India's annual  rate of inflation  based on wholesale prices eased to          5.0...

Resident Ram Nath Kovind has given his assent to a Bill that will deter fugitive economic offenders from evading the legal process in India and fleeing the country.    For 2 Days Free Trial Click here: CapitalHeight .       The government will soon invite fresh bids for a 100 per cent stake sale in Pawan Hans as ONGC i ready to sell its entire stake in the company, an official said. Helicopter services provider Pawan Hans is a joint venture between the government, which holds 51 per cent stake, and state-owned ONGC, which owns the remaining 49 per cent. HDFC AMC listed at approx. 60% premium.    Shares of Britannia Industries gained 1.6 percent on the back of strong June quarter numbers. The company has reported June quarter consolidated profit growth of 19.4 percent year-on-year to Rs 258.1 crore with double digit volume growth. Profit in the first quarter of last year was at Rs 216.1 crore.    HDFC Asset Management Company...

    Lupin received tentative approval from the US health regulator for its Tadalafil tablets, indicated for treating erectile dysfunction and prostate gland enlargement. The clearance from the United States Food and Drug Administration (USFDA) is for marketing Tadalafil tablets in strengths of 2.5 mg, 5 mg, 10 mg, and 20 mg, in the US, Lupin said in a statement. The product is a generic version of Eli Lilly and the company's Cialis tablets in the same strengths, it added.      For Expert Advice Click here: CapitalHeight .         Shares of Hindalco lost around 8 percent afternoon after reports emerged that it is likely to acquire Aleris for USD 2.5 billion. According to sources the company and its Canadian arm, Novelis, is in process of raising debt for the said deal. Investors may have taken note of this point as the firm already has a consolidated net debt of Rs 40,000 crore. Further, the report added that the compani...

DCB Bank, a small-sized private sector bank, delivered sub-par earnings in the first quarter of FY19. Significant margin contraction and elevated operating expenses undermined its performance. The retail focused bank stands out for its comfortable asset quality in a sector marred by high non-performing assets. It enjoys strong parentage of the Aga Khan Fund for Economic Development (AKFED), which has provided capital as and when required. The healthy capitalization will support future growth, making it a worthy contender in a weak banking environment. For Expert Advice Click here: CapitalHeight .   Private sector lender Federal Bank after reporting better earnings growth on lower provisions and strong loan growth for the quarter ended June. Profit during the quarter grew by 25 percent year-on-year to Rs 262.7 crore and net interest income jumped 22.4 percent to Rs 980 crore, with loan growth at 24 percent YoY.Net interest margin for the quarter stood at 3.12 percent...