Opinion | Markets cheer exit poll result with a 3.75% jump. How are you feeling?

Tata Motors' Q4 profit slumps, JLR turnaround helps

• Tata Motors had posted a loss for the third-quarter, hurt by an impairment charge for its luxury car unit Jaguar Land Rover
• Shares of Tata Motors closed up 7.5% at ₹190.15 ahead of the earnings release

Exit poll effect: Rupee surges 48 paise against $, logs biggest gain in 2 months

• Forex traders said investors welcomed exit poll results that predicted a thumping majority for the current BJP-led government
• The domestic unit opened at 70.36 and advanced to a high of 69.44 during the day

BPCL Q4 net profit rises 16% to ₹3,125 cr; revenue up 10% at ₹83,942 cr

• Company board recommends dividend of ₹8 per share
• BPCL transfers its gas business into a separate wholly owned subsidiary named Bharat Gas Resources Ltd

Ashok Leyland ready to ride on Elon Musk's India dream

• Ashok Leyland is open to Elon Musk for a partnership to finally let Indians experience his path-breaking autonomous Tesla electric cars
• Tesla was expected to enter India with the Model 3 that sells for nearly $35,000

NBFCs shares gain on report RBI may offer credit line

• Indiabulls Real Estate Ltd., Dewan Housing Finance Corp. and Reliance Home Finance Ltd. traded more than 10% higher
• There are rumors in the market that RBI will open a special credit line for NBFCs

Adani stocks cheer incumbency wave in India, Australia

• Adani Enterprises rose as much as 29% in afternoon trade, its sharpest intraday gain in over two years
• Shares of Adani Enterprises have risen by about 170% since Modi assumed power

Ikea picks up a minority stake in Livspace

• This is Ikea's first technology investment in India
• Sources say Livspace has received around $10-15 million from the deal

Investor wealth soars ₹5.33 lakh crore on exit polls prediction

• At the end of Monday's trading session, the m-cap of BSE-listed companies stood at ₹1,51,86,312.05 crore
• The m-cap of BSE-listed firms jumped by ₹7.48 lakh crore in three consecutive gains

Lost Android license: What now for Huawei?

• Losing the Android license means future Huawei phones will not have Google Play Store, Google Maps and YouTube and will not receive Security Updates
• Following Google’s decision, chipmakers like Intel, Qualcomm, Xilinx and Broadcom are also reportedly stopping all business with Huawei

We have already done a course correction in Aditya Birla Frontline Equity

• A Balasubramanian speaks about the performance of Aditya Birla Sun Life AMC’s flagship schemes, the situation in debt funds, and more
• NBFC exposure was more than the competition. We have moved from wholesale NBFCs to wholesale banks, Balasubramanian said

Personal loan: SBI, ICICI Bank, HDFC Bank, PNB, Kotak Bank rates compared

• There are various versions of personal loans available now, some of which are called instant loans
• Personal loans come with high interest rates, so continuous default will put you on a downward spiral

Irdai proposes to increase third-party insurance premium for cars, two-wheelers

• Irdai has proposed to increase the Motor TP premium rates for cars below 1000 cc to ₹2,120 from the existing ₹1,850
• Irdai has proposed a discount of 15%, on Motor TP premium rates for electric private cars and electric two-wheelers

BJP poll campaign was a perfect ambush: Yogendra Yadav

Following Pulwama, what Narendra Modi’s team designed was a classic dodge, distract, derail scheme, says Yogendra Yadav

Three common money disorders: Do you suffer from any of them?

Choose a financial confidant, who is trustworthy, non-judgmental, compassionate and has the ability to listen without offering advice. You can also get professional help from your money coach, or counsellor and find happiness in your relationship with money

Latest WhatsApp beta update adds Night Mode to more sections

• WhatsApp beta's new version (v2.19.145) has introduced the Night Mode to more sections of the app
• The Night Mode works for Contact Profiles and Group Settings

Opinion | Google uninstalls Huawei

As Huawei loses access to updates on the Android operating system, anyone using a Huawei smartphone is sure to be miffed

You may pay tax on FD interest income at accrual stage or when bank pays up

Dividend income from mutual funds in India is exempt from income-tax in India. But interest income from FDs in bank accounts in India is taxable in India

On Google, Narendra Modi’s stock continues to rise

• Searches for Modi far exceed searches for regional leader - even on these leaders’ own turf
• Amongst searches for Narendra Modi, Rahul Gandhi and regional leaders, in 49 out of 55 cities, searches for Modi accounted for more than 50% of all searches

Inventory gain, super-normal marketing margin may lift BPCL and HPCL numbers

• Analysts expect HPCL, BPCL to report higher Ebitda
• Jefferies India expects BPCL to report net income of Rs38.9 billion and HPCL to report net income at ₹30.3 billion

TCS eyes double-digit growth in FY20, says COO Subramaniam

• IT firm targets strong revenue growth in this fiscal without sacrificing its industry-leading profitability
• TCS started FY20 with a 3.6% growth rate in constant currency terms, against 2.8% in April last year

After US ban, Google restricts Huawei from using Android apps and updates

• New Huawei smartphones will also lose access to popular Google apps
• The move comes after the Trump administration blacklisted Huawei

Best gift on a graduation day: Billionaire plans to pay off $40 million debt

• Smith received a thunderous round of applause from the 400 graduates and from their parents
• 'My family is going to create a grant to eliminate your student loans,' Smith told the assemblage

What stocks analysts are betting on, as exit polls predict Modi 2.0

• Exit polls predicted a comfortable win for NDA government in Lok Sabha elections
• Consumption demand may recover in case of formation of a stable government: Analysts

Dr Reddy’s Laboratories serves a bitter medicine in March quarter

• Exclude ₹180.7 cr firm got by selling the US rights for 3 derma brands, and the revenue growth drops to an unexciting 8.5%
• US revenue grew a mere 1% sequentially, despite some big product launches

How to reform India’s financial sector

Implementation of the Indian Financial code will provide the momentum that the country’s ailing financial system requires

State Bank of India shares hit one-and-half year high

• Stock's five-day average volume is about 31% higher than the 30-day average volume
• Stock up 21.4% in the last three months as of Friday's close, outperforming broader NSE index's 6.4% gains

Bajaj Auto’s market share gains aren’t resulting in profit growth

• Bajaj Auto beat competitors hands down in fiscal year 2019 with volume growth of 28.7%
• Meanwhile, valuations are rich at 19 times trailing earnings, despite dull earnings growth

Amara Raja’s margins rise but not enough to power the stock

• A year ago, the one-year forward P-E multiple was about 25 times, it has now shrunk to about 17 times forward earnings
• Analysts attribute the margin enhancement to lower lead prices

Market Update: Top losers and gainers of the broader indices

• Of the 2,286 scrips traded, 1,718 advanced, 440 declined and 129 remained unchanged
• As many as 115 securities had hit the upper circuit limit on Monday while 119 stocks touched lower circuit, as per BSE

Dr. Reddy’s shares shed almost 7% during early morning trade post Q4 results

• On NSE, Dr. Reddy’s was down 7.15% at ₹2,548.75, while on BSE it fell 7.21%
• Though the company posted a profit during the fourth quarter, most of the brokerages changed their view post the results

Opinion | Rising H1B rejection rates can alter Indian IT services model

Apart from increasing local hiring at higher costs, firms may structurally change their delivery methodologies to cope with visa pressures

Delhi Metro spoiler alert: Use headphones while watching Game of Thrones finale

• The official DMRC account issued the spoiler alert on Twitter about Game of Thrones season finale
• Game of Thrones had become the cornerstone of HBO's primetime offerings

Lok Sabha elections 2019: Winner gets an economy riddled with problems

• GDP data due May 31 will probably show growth cooled in the three months through March from a six-quarter low of 6.6%
• Here’s a look at what else the new government should be worried about

What can a new government do to tackle demand slump?

The government that will be in place a few days from now will face a consumption slowdown. Given the role of consumption in driving the Indian economy in the past few years

Rupee, bond prices surge as exit polls show Modi returning to power

• Rupee surged over 1.1%, its biggest single day gains since 18 December 2018 to hit a two-week high
• Bond yield fell 7 basis points to hit a seven-week low

Robot drones that fly; Hummingbird robot that emulates drones

• The hybrid flying sprawl-tuned autonomous robot (FSTAR) can fly over obstacles or run underneath them
• It can run on the ground at a speed of up to eight feet per second which, with low energy consumption using the same motors to fly

Opinion | The tech cold war has begun

• There’s hope that this latest escalation is just part of the US’s trade-war posturing and will be resolved as part of broader negotiations
• An initial Chinese version of Android won’t hold a candle to the original developed by Google

Collaborative driverless cars can speed up traffic by 35%

• Researchers programmed a small fleet of miniature robotic cars to drive on a multi-lane track and observed how the traffic flow changed when one of the cars stopped
• The Cambridge researchers adapted the cars with motion capture sensors and a Raspberry Pi, so that the cars could communicate via WiFi

Backdoor, unencrypted cloud backups can affect WhatsApp users

• Experts opine that backdoor to any encrypted platform is not safe for users
• WhatsApp could easily implement an encrypted external backup, to prevent someone with access to your Google account or internal phone storage from accessing the data

In exit polls, BJP’s politics of performance is the winner

• This will be the first time a non-Congress party is retaining power, if projections hold true
• To be sure, most pollsters in 2014 underestimated the scale of the win notched up by the BJP, then the party in the opposition

Big blow for Huawei! Qualcomm plans to cut off supplies to Chinese phonemaker

• Qualcomm, Xilinx Inc. and Broadcom Inc. have told their employees they will not supply Huawei till further notice
• Trump administration on Friday blacklisted Huawei

Poor show by Congress could signal challenges for Rahul Gandhi

• The results will be particularly significant for the Congress as the 2019 poll is the first general election the party is contesting under the leadership of Gandhi
• In 2014, the Congress faced a historic loss, winning only 44 out of the 543 Lok Sabha seats with a vote share of only 19.3%

Air India stops Mumbai - New York direct flights due to poor demand

• Air India operated three flight per week between Mumbai and New York
• 'The flight has been discontinued owing to poor load factor or low seat occupancy,' said Air India spokesperson

Bajaj Auto defies market sentiment; slips nearly 3% in early trade

• The shares of Bajaj Auto opened at ₹3,071, but lost ground and touched ₹2,953.95, down 2.88%
• Bajaj Auto was trading in the negative zone even as the broader market was trading with significant gains

Nexus of  money, crime continues  in 2019 polls

The candidates contesting the 2019 Lok Sabha elections are richer and facing more criminal charges than the contestants of previous elections

Game of Thrones reaches its end, with one or two shocks left

• The last episode ran roughly an hour and 20 minutes to conclude the storyline of more than a dozen characters
• The record-breaking final season drew 43 million viewers on average for each episode in the US alone

Trump vows China's economy won’t surpass US on his watch

• The US restricted Huawei Tech’s access to the US market, putting it on the blacklist that curtails access to key American suppliers
• Trump’s comments signal he’s in no rush to get back to negotiating with Beijing

Adidas elevates Neelendra Singh as new general manager for India

• Neelendra Singh has been with Adidas for over 14 years
• Adidas is also expected to announce a new marketing head for the India

Bajaj Auto to roll out new models this year

• India’s second-largest motorcycle maker by sales volume hopes that the new products would help to augment its portfolio
• The company says that it sold more than 742,000 units of its 100cc CT model in FY19

Coatue may lead $120 mn funding in Faasos parent

• Deal will mark New York-based hedge fund’s second Indian investment after Swiggy
• New York-based hedge fund Coatue plans to invest $100 million in the latest funding round

Endiya Partners marks first close of Fund 2 at $40 million

• Endiya plans to close the fund at $75 million by the end of this calendar year
• Endiya plans to invest primarily in business-to-business (B2B) startups

NeSL offers IPs its platform to store data

• NeSL will become a platform where data from banks and insolvency professionals can be integrated, says Ramann
• The new project, which will be announced in the next couple of weeks, will help IPs get easier access to data on a company’s debtors

Xiaomi Redmi Note 7S starts at ₹12,999: Full specifications, pricing, offers

• The Redmi Note 7S bridges the price gap between the Note 7 and Note 7 Pro by adding a 48MP camera while sticking to the Snapdragon 660 processor
• All features, other than the 48MP camera, are pretty much the same as the Redmi Note 7

Exit polls hand advantage to BJP in Karnataka edging out Congress-JD(S) alliance

• India Today, a national news channel, gave the BJP 21-25 seats while the Congress-JD(S) got only 3-6 seats
• Suvarna News, a Kannada TV news channel gave the BJP 18-20 while the Congress and JD(S) got 7-10

Regional leaders could see their hopes shrink

• If the election results on 23 May follow along the lines of the exit poll projections, the high table of the so-called federal front may not have many big names
• Pawar, the prime minister aspirant, began efforts to bring together all anti-BJP parties in 2018