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Revenue of the company declined to Rs 50.28 crore versus Rs 71.31 crore. Share price of Opto Circuits Indiaslipped more than 4 percent in the early trade on August 20 on poor June quarter numbers. The company's Q1 consolidated net profit fell 16 percent to Rs 10.8 crore versus Rs 12.95 crore in the same quarter last fiscal. Revenue of the company declined to Rs 50.28 crore versus Rs 71.31 crore. At 0932 hours, Opto Circuits India was quoting at Rs 4.25, down Rs 0.19, or 4.28 percent on the BSE. The share touched its 52-week high Rs 13.41 and 52-week low Rs 2.95 on 21 August 2018 and 31 July 2019, respectively. Currently, it is trading 68.31 percent below its 52-week high and 44.07 percent above its 52-week low. Best Share Market News, Click Here To Get More News -  Share Market tips , for 2 Days Free T rial give a missed call @9644405057 and Get Share Market Services.

Sudhir Gharpure and his sales team sat chatting at a big Maruti Suzuki dealership on the outskirts of Mumbai some two hours after its doors were opened on a recent Saturday morning - not a single customer was in sight. "There used to be close to 15-20 bookings each day, but now we're down to 3-5 on good days," said Gharpure, the general manager at the dealership. Gharpure's experience is not an isolated one. Across India dealerships are being pushed out of business and the Indian auto sector is going through its biggest slump in nearly two decades. Passenger vehicle sales fell for eight straight months until June, and in May sales dropped 20.55% - the sharpest recorded fall in 18 years. Preliminary data indicates passenger vehicle sales may have plunged as much as 30 percent in July. The slump in India, along with a simultaneous slide in Chinese auto sales, is a blow for automakers wrestling with higher costs driven by more stringent emission norms...

The decision by India’s government to impose a tax on stock buybacks puts the brakes on what could have been another great year for share repurchases. More than 70 companies, including software exporter Wipro Ltd., announced or completed 354.6 billion ($5.2 billion) of share buybacks in the first half of 2019, data compiled by Bloomberg show. That’s about two thirds of the 546 billion of such transactions for all of 2018, which was the most in at least six years, the data show. “In the last three years, buybacks had supported the rally in stocks and helped improve the earnings per share for companies," said Umesh Mehta, head of research at Samco Securities Ltd. in Mumbai. “That opportunity is now closed. Companies would now have to move back to distributing dividends, where the tax liability is lower." Taxing Times The proposed tax may affect share purchases worth 100 billion that are in progress. Infosys Ltd., India’s second-largest provider of IT ser...

Gold prices surged as much as 1.8% to their highest in more than five years on Thursday after the U.S. Federal Reserve signalled possible interest rate cuts later this year, sending the dollar and U.S. Treasury yields lower. Spot gold jumped 1.4% to $1,378.70 per ounce as of 0252 GMT, after hitting its highest since March 17, 2014 at $1,383.81. U.S. gold futures surged 2.5% to $1,382.70 an ounce. The Federal Reserve on Wednesday said it was ready to battle growing global and domestic economic risks with interest rate cuts beginning as early as next month, as it took stock of rising trade tensions and growing concerns about weak inflation. Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies. "The weakness in the dollar seen due to the rate cut expectations and a lot of short covering due to the sudden jump in prices are behind the sharp move...

Oil prices climbed on Wednesday, extending sharp gains from the previous session on rekindled hopes for a U.S.-China trade deal and on continued tensions in the Middle East after tanker attacks there last week. Brent crude futures were up 34 cents, or 0.6%, at $62.48 a barrel by 0028 GMT. They rose 2% on Tuesday. U.S. West Texas Intermediate crude gained 44 cents, or 0.8%, to $54.34 a barrel. The U.S. benchmark surged 3.8% in the last session. In a post on Twitter, U.S. President Donald Trump said preparations were starting for him to meet Chinese President Xi Jinping at the G20 summit in Osaka next week. That comes after talks to reach a broad deal on trade between the United States and China broke down last month after Washington accused the Chinese of backing away from previously agreed commitments. Interaction between the two sides since then has been limited, and Trump has threatened, repeatedly, to slap more tariffs on Chinese products in an escalation...

Gold prices rose on Friday, heading towards their first monthly gain since January on increased safe-haven demand, after U.S. President Donald Trump vowed to levy tariffs on all Mexican imports, ratcheting up concerns of a global economic slowdown. The new threat of tariffs on Mexico, coupled with a string of soggy economic data from the United States this month and the long-drawn Sino-U.S. trade war, also translated into increased bets that the U.S. Federal Reserve could cut interest rates this year. Spot gold was up 0.2% at $1,290.68 per ounce at 0322 GMT. It has risen about 0.6% so far this month. The metal is also on track for a second consecutive weekly gain, up about 0.4% over the week. U.S. gold futures rose 0.3% to $1,290.50 an ounce. An infuriated Trump on Thursday vowed to impose a tariff on all goods coming from Mexico starting at 5% and ratcheting higher until the flow of illegal immigrants into the United States ceases. Asian shares and sove...

आईडीएफसी फर्स्ट बैंक (IDFC First Bank) के शेयर में करीब 7% की कमजोरी देखने को मिल रही है। बैंक के निदेशक मंडल ने हाल ही में हुई अपनी एक बैठक में अधिकतम 5,000 करोड़ रुपये की ऋण प्रतिभूतियाँ जारी करने के प्रस्ताव को मंजूरी दे दी। बैंक इन प्रतिभूतियों को कुल ऋण सीमा के भीतर प्राइवेट प्ल्साइमेंट आधार पर जारी करेगा। हालाँकि प्रतिभूतियाँ जारी करने से पहले बैंक को शेयरधारकों और संबंधित प्राधिकरणों से जरूरी मंजूरी लेनी होगी। दूसरी तरफ बीएसई में आईडीएफसी फर्स्ट बैंक का शेयर 49.25 रुपये के पिछले बंद स्तर के मुकाबले कमजोरी के साथ 46.40 रुपये पर खुल कर अभी तक के कारोबार में 44.75 रुपये के निचले स्तर तक गिरा है। 10 बजे के करीब आईडीएफसी फर्स्ट बैंक का शेयर 3.40 रुपये या 6.90% की कमजोरी के साथ 45.85 रुपये के भाव पर चल रहा है। इस भाव पर बैंक की बाजार पूँजी 21,471.40 करोड़ रुपये है। वहीं इसके पिछले 52 हफ्तों का शिखर 56.90 रुपये और निचला स्तर 32.70 रुपये रहा है।  Best Share Market News, Click Here To Get More News -  Share Market tips , for 2 Days Free Trial give a missed call...

Facing increasing pressure, food and beverages giant PepsiCo on Thursday said it has withdrawn the case it filed against nine Gujarat farmers for growing a potato variety which it claimed was its registered product. "To safeguard the larger interest of farmers, PepsiCo India was compelled to take judicial recourse to protect its registered variety. PepsiCo from the very start had also offered an amicable settlement to farmers. After discussions with the government, the company has agreed to withdraw cases against farmers...," the company said in a statement.  PepsiCo had sued the nine farmers of Sabarkantha and Aravalli districts of north Gujarat for allegedly growing the FL2027 or FC5 variety of potatoes for which it has claimed Plant Variety Protection (PVP) rights. It held that it obtained PVP rights over the potato variety under the Protection of Plant Variety and Farmers Right (PPVFR) Act, 2001 and that the farmers were violating its rights over the s...

पिछले दो हफ्ते से सोयाबीन वायदा (मई) की कीमतों में गिरावट हो रही है और जवाबी खरीद को 3,750 रुपये के स्तर पर बाधा का सामना करना पड़ सकता है। इस वर्ष मॉनसून के लगभग सामान्य रहने के अनुमान के बाद 2019-20 में अधिक उत्पादन अनुमान के कारण कीमतों में नरमी का रुझान है। इसके साथ ही सीबोट में सोयाबीन की कीमतों में गिरावट से भी नरमी का सेंटीमेंट बना हुआ है। चीन और अमेरिका ने अगले चरण की वार्ता के लिए एक संभावित समय-सीमा तय की है और जून के प्रारंभ तक समझौता कर लेने का लक्ष्य तय किया है। सरसों वायदा (मई) कीमतों को 3,810 रुपये के स्तर पर अड़चन का सामना करना पड़ सकता है और कीमतों की बढ़त पर रोक लगी सकती है। चीन की ओर से सरसोंमील की माँग के अभाव और नाफेड द्वारा धीमी खरीदारी के कारण कीमतों पर दबाव रह सकता है। सोया तेल वायदा (मई) की कीमतों के 738-746 रुपये के दायरे में सीमित दायरे में कारोबार करने की संभावना है। हाजिर बाजारों में कम उपलब्धता और अधिक माँग के कारण सोया तेल की कीमतों को मदद मिल रही है। सीपीओ वायदा (मई) की कीमतों के 539-546 रुपये के दायरे में कारोबार करने की संभावना है। खाद्य त...

Spot gold was up 0.1 percent at $1,286.91 per ounce as of 0408 GMT. The metal, earlier this week, hit an over five-week low and was down about 0.5 pct so far for the week. Gold was range-bound on Friday as investors awaited the U.S. jobs report for further cues on the economy, after the European Central Bank's (ECB) dovish policy stance spurred the dollar against the euro, while the metal was on track for a second straight weekly decline. Spot gold was up 0.1 percent at $1,286.91 per ounce as of 0408 GMT. The metal, earlier this week, hit an over five-week low and was down about 0.5 pct so far for the week. U.S. gold futures were also up 0.1 percent at $1,287.60 an ounce. The dollar was holding near its new 2019 high posted in the previous session after the ECB postponed an interest rate hike until 2020 and offered banks a fresh round of loans to prevent a credit crunch that could worsen the European Union's economic slowdown. "ECB decision ec...

A bumper harvest has led to a crash in turmeric prices in India, the world’s biggest producer and exporter of the bright yellow spice, causing furious farmers to stage protests in key growing regions demanding government help, growers and traders said. Turmeric, which holds antioxidant and anti-inflammatory properties, has been gaining in popularity among health-conscious consumers around the world in recent years. But it is still predominantly used in a variety of tangy Indian curries, aromatic biryani, and other food products. Indians also consider turmeric auspicious and it is smeared onto the faces of both the bride and groom ahead of weddings in a ceremony meant to bring good health. This year's bumper crop is the result of a boom in last year's planting after prices soared in 2018 due to lower output and depleted stocks. Now, prices have slumped nearly 24 percent since the beginning of 2019 thanks to mounting stocks at wholesale markets. "Turmer...

Buy Turmeric Apr Abv 6150 SL BELOW 6100 TGT 6220-6280. NCDEX Turmeric trading range for the day is 6086-6218. Turmeric gained on the back of concerns that drought conditions and cold weather will affect crop production. However, upside seen limited on higher supplies prospects from new season crop limiting the downside. There is an expectation of higher production this season due to higher acreage in Telangana. In Nizamabad, a major spot market in AP, the price ended at 6292.5 Rupees dropped -43.2 Rupees. BUY TURMERIC APR ABV 6150 SL BELOW 6100 TGT 6220-6280. NCDEX. Best Share Market News, Click Here To Get More News - NCDEX Tips , for 2 Days Free Trial give a missed call @9644405056 and Get Share Market Services.

A suitability of 90/10 retirement strategy is further subjected to a willingness to withstand in bear phase and duration between now and retirement period. By Dinesh Rohira Retiring investor in India might often get prompt to adopt Warren Buffett’s investing strategy of aggressive risk tolerance on the face value of earning higher returns. As highlighted in his 2013 letter to Berkshire Hathaway shareholders about his 90/10 strategy with 90 percent allocation going into equity and remaining 10 percent in bond. It significantly paid off over a longer period with stocks earning about 60 percent returns in comparison to 8 percent by bonds on the overall portfolio. The basic fundamental that he intended to cover in his letter revolved around retirement strategy with asset allocation overweighing on equities and overlooking on the emotion among other takeaways. However, adopting this kind strategy comes with a deep understanding of the market and anticipating the...

This blog will give you the latest news and updates on the Rs 11,400-crore PNB fraud case. Finance Ministry has written to four Hong Kong banks that got LOUs Finance Ministry sources told ANI that they will write letters to SBI, Axis Bank, Allahabad Bank and Bank of India telling them to reconcile accounts and check for irregularities. The sources added that several regulatory measures are put in place - all banks are to reconcile LoUs they have given, PSU banks are to appoint special representative or agency to monitor status for all loans above Rs 250 crore and consortium cannot exceed 7 banks. PNB tops the list in losing Rs 1,790 crore due to 9 jeweller defaulters: Report Punjab National Bank (PNB) tops the list in a data report which shows that gems and diamonds traders have cost banks over Rs 5,000 crore through 90 defaults. The Federation of Bank of India Staff Unions (FBISU) compiled data, accessed by The Times of India, shows that PNB, due to nine defaulters, has ...

The company has entered into MoU with UP state government for Rs 73.44 crore for expansion of its paper unit III from installed capacity of 70 MT to 100 MT. Shares of Yash Papers rose more than 10 percent in the early trade on Friday on signing MoU with Uttar Pradesh government. The company has entered into MoU with UP state government for Rs 73.44 crore for expansion of its paper unit III from installed capacity of 70 MT to 100 MT. It will also increase tableware unit capacity from existing installed capacity 11.50 MT to 23 MT in the coming years. At 09:36 hrs Yash Papers was quoting at Rs 74.20, up Rs 3.90, or 5.55 percent. The share touched its 52-week high Rs 85.30 and 52-week low Rs 23.10 on 12 February, 2018 and 03 March, 2017, respectively. Currently, it is trading 13.01 percent below its 52-week high and 221.21 percent above its 52-week low. Two days Free Trials and best services packages  for dealing in Stock market click here to get >...

All sectoral indices are trading in the red, while midcaps are also trading weak. Nifty PSU bank index is down over 1 percent. Market Outlook: In an interview to CNBC-TV18, from the sideline of the IIFL Enterprising India Conference, Ashutosh Datar, Equity Strategist at IIFL Institutional Equities shared his views and readings on the market. Datar said that focus should be on companies where earnings momentum is strong. He further said that there are opportunities to buy and be underweight in financial sector. Allahabad Bank declines: Shares of Allahabad Bank lost over 3 percent intraday on Thursday as investors reacted to its announcement of exposure to Rotomac Group. In a filing to exchanges, the public sector bank declared that it has exposure of over Rs 500 crore to the group. Further, it clarified that the said amount has been declared as a non-performing asset (NPA) and the required provision has been made. It also informed that some accounts have been filed ...