CapitalHeight

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...

Tata Power Company has reported consolidated Q1FY19 net profit at Rs 1,769 crore, which includes one-time gain on sale of its investments of Rs 1,897 crore. The company had posted net profit of Rs 391 crore in the same quarter last fiscal. Revenue of the company was up 14 percent at Rs 7,313 crore against Rs 6,415 crore. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was down 8.5 percent at Rs 1,771 crore and margin was down 600 bps at 24.2.      For Expert Advice Click here: CapitalHeight .         Larsen & Toubro (L&T) rose 2 percent in the opening trade on Thursday on the back of robust numbers declared by the company in the quarter ended June 2018 (Q1FY19).The company posted a 13.8 percent year-on-year (YoY) increase in consolidated net profit at Rs 1,213 crore, beating analyst estimates driven by order inflow growth in infrastructure, heavy engineering and hydrocarbon segments. Profit for the same...

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...