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     The board of directors of Mahindra Logistics approved an investment of an amount upto Rs 7 crore in Transtech Logistics Private Limited. Transtech Logistics Private Limited (TLPL) provides transport management solution to third party logistics companies (3PLs), shippers and transporters on a ‘software as a service’ model (SaaS) under the brand name ShipX.MLL has been a customer to ShipX for more than three years and using the product for its supply chain management Vertical.      For 2 Days Free Trial Click here: CapitalHeight .      Shares of Tata Chemicals declined 2.2 percent intraday after ICICI Prudential Life Insurance has reduced its stake in the company. ICICI Prudential Life Insurance sold 52, 13,678 shares (more than 2 percent) of the company at an average price of Rs 414.21 per share which were worth Rs 216 crore. Its stake in the company reduced to 2.97 percent from 5.02 perce...

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...

The Reserve Bank of India (RBI) will go for status quo in key policy rates in its August policy review, the economic research department of country's largest lender SBI said today. The call is contrary to the expectations of a majority of analysts predicting for another hike given the rise in inflation lately, including domestic ratings agency Icra which came out with its expectation of a hike today. For 2 Days Free Trial Click here: CapitalHeigth .         Asian Paints on Tuesday posted 30.56 per cent rise in consolidated profit at Rs 558.02 crore for the quarter ended June 2018. It has posted a net profit of Rs 427.41 crore in the corresponding quarter last year. ET Now poll had predicted a net profit of Rs 521 crore. Consolidated revenue from operations increased to Rs 4,398.59 crore in Q1FY19 over Rs 4,228.26 crore in Q1FY18. Decorative paint business of the company registered double-digit volume growth. Ebitda on a consolidated basis jumped to Rs 874.40...

    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...