Rupee pares early gains, weakens to six-week low against US dollar

Rupee pares early gains, weakens to six-week low against US dollar

Mumbai: The Indian rupee has cut all gains on Friday morning and has weakened the 65-point mark to a six-week high against the dollar after losses in global capital and currency markets amid uncertainty about The Brazilian and American politics.

The rupee hit a high of 65.02 – a level reached on April 6. In 12h-28h, the rupee weakened to 65.01, down 0.21% from its previous close of 64.85. Earlier in the morning trading, it opened at 64.75 and was strengthened to 0.25% or $ 64.69.

The Sensex index fell 0.18% or 53.77 points to 30 375.47. So far this year, it increased by 13%.

Until this year, the rupee has gained 5.5%, while foreign investors bought 7.12 billion and 9.47 billion dollars respectively in local capital markets and loans.

The 10-year yield bond was trading at 6.669% since the previous close of 6.677%. Bond yields and prices move in opposite directions.

Asian currencies were trading lower. The Indonesian rupiah fell 0.3%, South Korea gained 0.21%, the Philippine peso, 0.13%, the Taiwan dollar, 0.11%, China’s 0.06% and China’s rENMINBI 0 , 05%. However, the Japanese yen increased by 0.31%.

The dollar index, which measures the strength of the US dollar against major currencies, traded at 97,834, down 0.05% from its previous close of 97,879.

The Council on Goods and Services Tax (GST) held on Thursday 1 July for the establishment of the unified indirect tax that would contribute to the creation of a single national market and ensure that consumer products are any tax burden

Market Live: Sensex, Nifty off the day’s lows; market breadth still negative

Moneycontrol News

14:14 Checking the benchmarks market outweighs the weak points of the day, the Sensex Nifty trades and are almost flat with a positive bias.

The Sensex rose 41.72 points 30,476.51, while Nifty rose 8.25 points to 9,437.70. The width of the market remained negative as the stocks of 848 advanced against a decrease of 1771 shares, while 153 stocks remained unchanged.

Asian Paints, Gail and IndusInd Bank were the top losers in both indices, while ITC and HUL the most won.

13h 30 Faith and Order List: BSE stock contracts present futures and options in five companies, including RBL Banco and Compañía Nacional de Aluminio (Nalco), as of May 26

Hindustan Construction Company, Kajaria Ceramics and Ramco Cement from other companies in which futures and options have been authorized.

Market control 13:15: benchmark indexes are trading low, Sensex and Nifty cut all losses and completely reverse the trend.

The Sensex fell 33.44 points 30,401.35, while the Nifty fell 18.40 points 9411.05. The amplitude of the market was negative as the stocks of 798 advanced against a decrease of 1743 shares, while stocks of 155 remained unchanged.

ITC and the State Bank of India were the first winners, while Asian Paints, Hindalco and Gail were the main losers.

12:51 Gains: State Bank of India (SBI) rose by 122 percent year over year net profit for the March quarter at Rs 2,814 crore Friday, which was slightly lower than the CNBC-TV18 estimate of Rs2.832 crore.

The largest public sector bank recorded a net profit of Rs 1,263.81 crore in the corresponding quarter of last year.

Net interest income increased by 17.3% (year-on-year) 18,070,700,000 DEM for the quarter ending in March, which was higher than the CNBC-TV18 estimate of 15,275 and R $ 90 million. OSE reported net interest income of $ 15 401.30 gross in the same period last year.

24:30. Control: The Rajesh Exports Jewelry Company announced today that it hired an export order of Rs 1.140 crore value from a company based in the UAE.

“Rajesh exports has acquired a prestige order for its products worth Rs 1,140 crore,” the company said in a report to the BSE.

24:05 pm Checking the market selling pressure took over the D-Street at the end of the morning session, as the market erased a large portion of its profits.

Sensex recorded only 48.79 30.483.58 points, while the Nifty increased 4.30 points 9433.75. The width of the market, however, was negative as the 1311 stocks advanced against a decline of 1,385 shares, while 125 stocks remained unchanged.

ITC Hul continued to gain in indices, while Maruti Suzuki, TCS, Hindalco and Eicher Motors lost more.

Zombie 11:40: share price of Sutlej Industries Textiles and rose more than 4 percent intraday on Friday as the company has approved the subdivision of its shares.

The company, at its meeting held on May 18, approved the subdivision of the shares of Rs 10 each into 10 shares of Re 1 each.

The shares of the subdivision are subject to shareholder approval and will be effective after other legislative and regulatory approvals.

11:24 CESC World brokerage: Macquarie maintains the most aggressive target price of Rs 12 months of 1100 on Cesc sees strong revaluation in share price as a result of restructuring. It increased its target price from Rs 658 to Rs 1100.

CESC has announced a massive restructuring of its activities dividing the existing company into four different companies focused on a particular industry. This is a clean mirror and departed without loss of value for minorities.

11:10. Checking the market benchmark indices gave some of their initial earnings after Sensex hit a record high in the morning session.

The Sensex climbed 142.25 points to 30,577.04, and the Nifty increased by 36.25 points to 9465.70. Some 1,532 shares have advanced, 735 and 105 shares decreased shares have not changed.

The best loser includes OSE, HUL, ITC, Bharti Airtel and Coal India, while the top losers include TCS, Infosys, Wipro, Asian Paints and Maruti Suzuki.

Blue Whale Game: Noida Police Notice Against Parents; Here are safety tips to keep your kids safe

Police urged people to educate children about Internet safety and to protect them from dangerous activities like this online game.

Noida police advised parents to be vigilant and asked them to keep track of their children’s social network accounts as a result of multiple suicide cases that arose due to the Blue Whale Challenge. Police urged people to educate children about Internet safety and to protect them from dangerous activities like this online game.

PK Upadhyay School District Inspector was quoted by PTI as saying: “Parents should have access to their child’s computer and mobile phone to regularly monitor the sites they navigate.” He added that it is also necessary to monitor the social problems of children’s media accounts in Whatsapp, Snapchat, Facebook and Twitter.

Upadhyay also suggested that in order to keep track of children’s activities, parents can even install spyware and keep an eye on what their children are doing. “Parents have to check their call records, their messages and their search history. They can also install spyware on their devices to track their activity,” he said. He also urged them to restrict their students’ online navigation to educational sites and other appropriate sites and recommended that parents pay attention to any changes in the child’s behavior.

“Parents should spend more time with their children every day to give advice,” he added.

The Blue Whale game is a 50-day challenge that requires players to complete tasks by an anonymous “handler”.
The “manipulator” asks players to get hurt, which leads to suicide. In the game, the participant must complete a task every day. Participants should share pictures of the challenges / tasks they perform.

 

State Bank Of India Q4 Net More Than Doubles To Rs. 2,815 Crore

State Bank Of India Q4 Net More Than Doubles To Rs. 2,815 Crore

 

Mumbai: State Bank of India (SBI), the country’s largest lender by assets, has recorded more than double its net profit in the fourth quarter as planned, while its non-performing loan ratio declined quarterly.

The autonomous net result, including the contributions of the subsidiaries, jumped to Rs. 2,815 crore for the three months to March 31, Rs. 1,264 crore in the previous year. It was the biggest profit of six quarters.

On average, analysts expected a net profit of Rs. 2,833 crore for the lender, according to data compiled by Thomson Reuters.
Active registration 150 billion in the banking sector of India has been a concern for the regulator and the government, which controls the 20 lenders who dominate the sector.

While the OSE did as well as its state competitors in managing their assets at a disadvantage, investors remain cautious because of their high exposure to industries under stress such as steel and power.

This month, the government amended its laws, giving the central bank greater power to identify and enforce the resolution on specific loans.

Gross unsecured loans as a percentage of total loans to the SBI, which account for more than a fifth of total bank assets in India, fell to 6.9% in March from 7.23% in December.

In absolute terms, however, gross bad loans increased to Rs. 1.12 lakh million rupees in late March of Rs. Rs 1.08 million lakh in December.

Provisions for doubtful accounts decreased 9.4 percent compared to the previous year to Rs. 10,993 crorein the March quarter.

Net interest income increased by 17.3% during the year prior to Rs. 18,071 crore in the March quarter. Fee income rose 4.9 percent compared with the previous year to Rs. 6,078 crore.

OSE, which merged its five subsidiary banks with itself and also supported a niche lender for women in the first consolidation movement in the sector also faces integration challenges fluidity of operations.

President Arundhati Bhattacharya told Reuters last month that the bank expects an increase in annual profit in three years on profits and cost efficiencies resulting from the merger of the subsidiaries.

SBI shares’ are ranked 2.5 percent higher after the results in a Mumbai market, which fell 0.1 percent.

Samsung Galaxy C10 with dual cameras in Rose Gold colour leaked

Samsung Galaxy C10 with dual cameras in Rose Gold colour leaked

Amsung will soon launch its first smartphone with two cameras. We know that Samsung is working to bring the successor to the Fire Resistance Note 7 titled Galaxy Note 8 in real life. Apart from that, the South Korean smartphone maker is also working on another smartphone, which would be the Samsung Galaxy C10. We do not know much about the Galaxy C10 at present, apart from the fact that it can be installed with two cameras.

If the rumors turn out to be true, Samsung Galaxy C10 will probably be the first smartphone phone maker in South Korea to offer two cameras. It should be remembered that the rumors previously disclosed in Note 8 to come also show the arrival of two chambers. That said, Samsung, if you rely on speculation, probably highlights a lot of adaptation to the new trend of dual camera.

This is not a negligible fact that dual camera is the new trend that is that most smartphone manufacturers have been. The recently announced Xiaomi 6 comes with exactly the same camera settings. Now Samsung is probably ready to embrace the trend and lead the race. We say that when the news filtered makes the next Samsung Galaxy C10 shows the arrival of two cameras. Galaxy Note 8 is also rumored to be the establishment of two sports cameras. However, this information is only rumored and should be taken with a pinch of salt until officials have announced devices.

The press returns to Samsung Galaxy C10 to come were shared in Weibo, and are shown for the first time by Android titles. The picture shows only the top half of the back of the phone unfinished. In addition to showing the double camera in all its splendor, it also shows that the power button is placed on the right side of the unit. The leak also provides a guide for the Galaxy C10 announced in pink. However, Samsung can also advertise various color combinations.

Earlier leaks suggest that Samsung Galaxy C10 can be equipped with a dual LED flash, which should be placed between the two rear chambers. As of now, no further details on the smartphone have been revealed
In addition to C10, Samsung is also working on Galaxy Note 8 and Note 7 reconditioned, to be known Note 7R. Rumors suggest, in terms of specs, the Samsung Galaxy Note 8, which will be announced, will display a 6.3-inch screen and will also include a two-camera configuration such as the C10. In addition, the smart phone must include a CIS dual-camera 12-megapixel wide-angle and 13 megapixel telephoto. Rumors indicate that even Note 8 is compatible with 3X optical zoom, comes with two 6P lenses and supports dual OI