India's Shoppers stop posts 83% drop in Q2 profit on weak demand
India's Shoppers stop (SHOP.NS) on Wednesday posted a 83.2% fall in second quarter profit as the department store was hit by rising expenses and weaker demand, with customers delaying purchases of clothes and cosmetics due to a late festive season. Key Points
ReutersMarket in a bullish trend; buy these 2 stocks on dips now: Shilpa Rout
Analyst Shilpa Rout suggests buying Oracle Financial Services Software (OFSS) and Chambal Fertilisers on dips. OFSS has been consolidating above Rs 3,600 and is expected to reach targets of Rs 3,700 and above with a stop loss of around Rs 3,620 for intraday. Chambal Fertilisers is experiencing a good breakout and can be bought with a stop loss of Rs 280, targeting Rs 325-330 zones. The market is expected to remain bullish, with minor dips presenting buying opportunities. Key Points
Economic TimesFox News boss was angry with anchors for fact-checking Trump: ‘Bad for business’
Donald Trump News: “This has to stop now. This is bad business and there is clearly a lack of understanding," Suzanne Scott said. | World News Key Points
Hindustan TimesStocks to buy this week: Experts suggest these six technical picks; do you own any?
Sensex and Nifty have been correcting after hitting record highs due to softer Q1FY24 earnings of heavyweights like Infosys and Reliance Industries. Investors are cautious ahead of the US Fed meeting outcome on July 26. Key Points
mintDelhi govt suspends bus driver after video shows him not halting for women at bus stop
The video shows three women trying to board a bus when it stops at a bus stop for a passenger to de-board. However, the driver immediately drives off without waiting for the women. The bus driver was identified and has been suspended, reported PTI, citing a government official. Key Points
Economic Times
Stocks to buy: HAL, M&M, RIL among six stocks to buy for the short term
The market is witnessing positive momentum however, the short term outlook remains hazy. Analysts recommend following a stock-specific approach in this market. Based on the recommendations of several analysts, here are six stocks that look attractive on technical charts. Take a look. Key Points
mintWorli NSCI bus stop gets facelift; 600 more being renovated
Over 600 bus stops are being refurbished with well-equipped facilities, Lokesh Chandra, General Manager, BEST (Brihanmumbai Electricity Supply and Transport Undertaking), said. Of these, 30 are already ready. Key Points
The Indian ExpressIRCTC, Piramal Ent, Delta Corp among 6 stocks that can jump 8-23% in the next 3-4 weeks; do you own any?
Nifty 50 reached a record high last week and closed almost 1% higher. Technical experts suggest potential upside towards 22,500. Six stocks recommended for buying include PEL, Oberoi Realty, and Delta Corp. Key Points
mintUP boys kills 17-year old sister after she refuses to stop texting on her phone
The incident took place in UP's Shekhpura Kadeem village Sunday. The police said a manhunt has been launched to nab the absconding accused who is in his early 20s. Key Points
ThePrintHemen Kapadia’s 2 top stock picks in a volatile market
The Reliance stock holds the key. There was a huge volume spike on Friday or Thursday over the last quite a few months. That means smart people have bought and if Reliance stabilizes, that will be the first indication that yes the market is trying to sort of find its feet. Key Points
Economic Times
Shoppers stop share price cracks over 11% as firm's MD, CEO Venu Nair resigns
Shoppers stop share price: Shares of Shoppers stop hit their 52-week high of ₹889.75 on BSE on August 9, 2023. As of August 24 close, the stock has gained 14.5 per cent in the current calendar year so far against a 7 per cent gain in the equity benchmark Sensex. Key Points
mintShoppers stop adds plus size private label
Shoppers stop offers 16 private brands and over 800 brands across categories. In fiscal 2022, the company’s private labels contributed to 13.7% of the retailer’s overall sales while repotting a 45% growth in business year-on-year Key Points
mintTechnical Breakout Stocks: How to trade Borosil Renewables, Lemon Tree Hotels and Cipla on Wednesday
Sectorally, selling was seen in realty, public sector, metal, oil & gas, and energy space while some buying was seen in healthcare. Sharp selloff was also seen in the small & midcap spaces, which plunged nearly 3% each. Key Points
Economic TimesCopies of paper carrying rape case report stolen
Denver: Nearly all the copies of a Colorado newspaper were stolen from newspaper racks on the same day the Ouray County Plaindealer published a story about... Key Points
The Tribune IndiaRed Sea and ship of state
International Business News: US-led strikes won’t stop Houthi attacks on ships. GOI should prepare for trade disruptions. Low-value/high-volume exports, critical imported parts fo Key Points
Times Of India
Apparel retail sector is likely to face another quarter of slowdown: Report
This is primarily due to the lower footfall during the peak season, impact of world cup during weekends and late onset of winter season. As a result, most brands have kicked-off end of season sale offering upto 65% discount, 2 weeks early in December 2023 against normal one month EOSS window in January. Key Points
Economic TimesHostages' families want Israel to stop war or ‘we'll only receive dead bodies’
Israel-Hamas War: Noam Perry, daughter of hostage Haim Perry, said, “We only receive dead bodies. We want you to stop the fight and start negotiations.” | World News Key Points
Hindustan TimesShoppers stop promotes Kavindra Mishra as Executive Director and CEO
Venugopal G. Nair, the Managing Director and CEO of Shoppers Stop, has resigned from his position for personal reasons. The company praised Nair for his contributions in strengthening the business during the post-Covid era. Kavindra Mishra, the Chief Commercial Officer and CEO of Homestop, has been promoted as the new Executive Director & CEO of Shoppers Stop. Key Points
Economic TimesUK delivery driver dies after being dragged for 800 yards under his own van as he fought off thief
A delivery driver was dragged for 800 yards under his own van when he tried to stop it from being stolen by a thief. He was admitted in a hospital in critical condition for two weeks but could not recover. Key Points
India TodayTechnical Picks: Hindustan Copper, IRFC, 8 others among top picks by Prabhudas Lilladher; do you own?
On the outlook for Nifty 50, Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd said, ‘The index has managed to remain above the crucial 19,400 zone, which is quite important to maintain the bias and sentiment intact as of now.' Key Points
mint
Breakout Stocks: How are Bombay Burmah, Angel One and Paytm looking on charts for Monday’s trade?
The Indian market closed in the red for the third consecutive day, with the S&P BSE Sensex falling over 200 points and the Nifty50 closing below 19600 levels. Stocks in the oil & gas, metal, telecom, FMCG, and energy sectors saw selling. Some stocks that performed well include Bombay Burmah Trading, Angel One, and Paytm, which hit fresh 52-week highs. Analysts recommend buying Bombay Burmah for long-term investment, Angel One for a positional target of 2490, and Paytm with a stop loss at 948. Key Points
Economic TimesIndia ready to lead from front in fight against tuberculosis: Health Minister Mansukh Mandaviya
Union Health Minister Mansukh Mandaviya on March 25 said India is ready to lead from the front and be the voice of the Global South in the collaborative fight against tuberculosis (TB). He also emphasied on developing TB vaccines, saying it was the need of the hour. “We have seen the unwavering commitment of Prime Minister Narendra Modi to end TB in India. We are ready to lead from the front and be voice of the Global South in the collaborative fight against TB,” Mr. Mandaviya said during an address to the 36th board meeting of stop TB Partnership at Varanasi, Uttar Pradesh. Key Points
The HinduOsho Krishan is betting on these 2 stocks. Here’s why
Osho Krishna says: Reliance has formed a drastic breakout, hovering at its 52-week high. A V-shape recovery on the weekly chart led to a fresh breakout in the yesterday trading session. Hold positions with a strong support at Rs 2,580 and a short-term stop loss of Rs 2580. Investors should accumulate for medium to long-term, with an immediate target of Rs 2,720. Polycab has seen a breakdown below the 200-day SMA, stay on the sidelines until consolidation or accumulate at Rs 3,600 or around Rs 4,200. Key Points
Economic TimesHow to Get Around GamStop? All Ways to Cancel & Get Around Self-Exclusion
The best approach to dealing with GamStop and gambling-related issues is to prioritize responsible gaming and well-being. Understanding the consequences and implications of bypassing GamStop, as well as seeking help when needed, is fundamental to maintaining a healthy relationship with gambling. Key Points
mintTechnical Breakout Stocks: How to trade Thermax, Avenue Supermarts and Hitachi Energy on Friday
Sensex and Nifty closed in the green on Thursday. Power, infrastructure, public sector and realty stocks saw buying action. Key Points
Economic Times
Shoppers stop to expand affordable fashion footprint
Shoppers stop plans to expand its value format chain Intune to 10 stores, targeting the lower-end segment of the apparel market in India. The new format will sell private labels and focus on affordable products for women, children, and men. The company's profit after tax for Q2 fell 41% from the previous year, while sales grew 4%. Demand for apparel retail has moderated since Diwali 2022, but the company expects demand to return to normal in the second half of the year. Key Points
mintUS FTC eyes options after Microsoft/Activision loss, source says
The U.S. Federal Trade Commission is considering its options after stinging losses last week in its bid to stop Microsoft's $69 billion deal to buy Activision, a source told Reuters on Monday amid expectations the agency's fight is nearing the end. Key Points
ReutersCanada to stop ads on Facebook, but sees path to settle dispute
The Canadian government will stop spending some C$10 million ($7.5 million) per year on Facebook and Instagram ads amid a dispute over a new law on paying online news publishers that the Meta-owned platforms have opposed, Heritage Minister Pablo Rodriguez said on Wednesday. Key Points
ReutersMaharashtra: At least 10 killed as container truck hits four vehicles, rams into a hotel in Dhule
The brakes of the truck failed, following which its driver lost control over the wheels. It hit two motorcycles, a car and another container from the rear side. The truck then rammed into a hotel near a bus stop Key Points
FirstpostNo institution should stop students from taking exam due to non-release of scholarships: Bains
If any college/university is found violating these instructions, strict action will be taken against them by the Punjab government. Bains directed the officials to immediately issue a notice in this regard. Key Points
The Indian Express
Taking away MP tag won't stop me from representing people of Wayanad: Rahul Gandhi
Member of Parliament is a tag. It is a post. So, BJP can take away the tag, the post, the house and they can even jail me, but they cannot stop me from representing the people of Wayanad. I am surprised that even after so many years, BJP has not understood its opponent. They do not understand that their opponent will not get intimidated. They think I will get scared by sending police to my house or that I will be disturbed if my house is taken away, he said. Key Points
Economic Times'Atal Setu not a picnic spot': Mumbai police warns motorists as many stop to click selfies, climb railing of MTHL
Mumbai police bans slow-moving vehicles on sea bridge, but autorickshaws and motorcycles are seen violating the ban. Couples seen crossing bridge ladder to alight on viewing platform prompts calls for action. Key Points
mintBreakout Stocks: How Aster DM, Borosil Renewables and Torrent Power are looking on charts on Thursday’s tr
Sectors that were in focus include banks, auto, IT, oil & gas, and capital goods. Selling was seen in realty and consumer durable stocks. Key Points
Economic Times