"No accounts will be deleted on May 15 because of this update and no one in India will lose functionality of WhatsApp either. We will follow up with reminders to people over the next several weeks," the spokesperson said in an emailed response to a query on Friday.
According to WhatsApp, the key updates include more information about its service and how it processes user data; how businesses can use Facebook hosted services to store and manage their WhatsApp chats; and how WhatsApp partners with Facebook to offer integrations across the company products.
It also insisted that the acceptance of the privacy policy update does not expand its ability to share user data with Facebook.
According to WhatsApp, the key updates include more information about its service and how it processes user data; how businesses can use Facebook hosted services to store and manage their WhatsApp chats; and how WhatsApp partners with Facebook to offer integrations across the company products.
It also insisted that the acceptance of the privacy policy update does not expand its ability to share user data with Facebook.
📊Dividend Announcements📊
👉🏻Ponni Sugars (Erode) Ltd board recommends dividend of Rs. 5
👉🏻Dabur India Ltd Board recommends Final Dividend of Rs. 3
👉🏻HDFC board recommends dividend of Rs. 23
👉🏻Steel Strips Wheels Ltd Board recommends Final Dividend of Rs. 2
👉🏻Grindwell Norton Ltd Board recommends Dividend of Rs. 9.50
👉🏻Kansai Nerolac Paints Ltd Board recommends Final Dividend of Rs. 4
👉🏻Nitta Gelatin India Ltd Board recommends Dividend of Rs. 3
👉🏻Godrej Agrovet Ltd Board recommends Final Dividend of Rs. 8
👉🏻Great Eastern Shipping Company Ltd Board recommends Final Dividend of Rs. 9 for FY21
👉🏻Sutlej Textiles & Industries Ltd Board recommends Dividend of Rs. 0.30
👉🏻Cholamandalam Investment and Finance Company Limited board recommends final dividend of Rs. 0.70
👉🏻Navin Fluorine International Ltd board recommends final dividend of Rs. 6
👉🏻Ponni Sugars (Erode) Ltd board recommends dividend of Rs. 5
👉🏻Dabur India Ltd Board recommends Final Dividend of Rs. 3
👉🏻HDFC board recommends dividend of Rs. 23
👉🏻Steel Strips Wheels Ltd Board recommends Final Dividend of Rs. 2
👉🏻Grindwell Norton Ltd Board recommends Dividend of Rs. 9.50
👉🏻Kansai Nerolac Paints Ltd Board recommends Final Dividend of Rs. 4
👉🏻Nitta Gelatin India Ltd Board recommends Dividend of Rs. 3
👉🏻Godrej Agrovet Ltd Board recommends Final Dividend of Rs. 8
👉🏻Great Eastern Shipping Company Ltd Board recommends Final Dividend of Rs. 9 for FY21
👉🏻Sutlej Textiles & Industries Ltd Board recommends Dividend of Rs. 0.30
👉🏻Cholamandalam Investment and Finance Company Limited board recommends final dividend of Rs. 0.70
👉🏻Navin Fluorine International Ltd board recommends final dividend of Rs. 6
US Jobs Data !
- April significantly weaker
- Number at 266K vs 1mn expected & 916k prior
- 78K of downward revisions to prior 2-mths
- Unemployment rate 6.1% vs 5.8%e & 6% prior
- 2 silver linings:,
a)Avg hourly earnings,+0.7% MoM
b)Participation rate 61.7% vs 61.5% prior
- April significantly weaker
- Number at 266K vs 1mn expected & 916k prior
- 78K of downward revisions to prior 2-mths
- Unemployment rate 6.1% vs 5.8%e & 6% prior
- 2 silver linings:,
a)Avg hourly earnings,+0.7% MoM
b)Participation rate 61.7% vs 61.5% prior
Stocks under F&O ban on NSE
Six stocks - BHEL, Cadila Healthcare, Canara Bank, Punjab National Bank, SAIL and Sun TV Network - are under the F&O ban for May 17. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.
Six stocks - BHEL, Cadila Healthcare, Canara Bank, Punjab National Bank, SAIL and Sun TV Network - are under the F&O ban for May 17. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.
*Corporate Results*
*Results Monday* – Bharti Airtel, Colgate, Federal Bank, Gland Pharma, GNFC, IndoCount, MRPL, Orient Cement, Shakti Pumps, Sun Pharma Advance and Wabco India
*Results Tuesday* – Aarti Industries, Abbott India, Bridage Enterprises, Canara Bank, century Enka, Glaxo Smithkline Pharma, Jindal Hisar, JSL Industries, Jyothi Labs, Manppuram Finnace, Minda Corp, PI Industries, Route Mobile, Tata Motor, Torrent Pharma and Ujjivan Samll Finance
*Results Wednesday* – Endurance Tech, Heritage Food, Indiabull Housing, IOC, jk Tyre, Man Infra, Mas Financial, Prism Cement and SML Isuzu
*Results Thursday* – Bosch, Emkay Global, Havell’s India, HPCL, Jk Lakshmi Cement, KNR Construction, Torrent Power, Relaxo Foot Wear and Zee Entertainment
*Results Friday –* Birla Soft, CG Consumers, Container Corpoation, Dhanuka Agritech, Dr Lal Path Labs, Hindalco, SBI, Shoppers Stop, Shree Cement, South India Bank and United Spirits
*Results Saturday* – Amaraja Batteries, Amber Enterprises, Mangalam Cement, Sarda Energy
*Results Monday* – Bharti Airtel, Colgate, Federal Bank, Gland Pharma, GNFC, IndoCount, MRPL, Orient Cement, Shakti Pumps, Sun Pharma Advance and Wabco India
*Results Tuesday* – Aarti Industries, Abbott India, Bridage Enterprises, Canara Bank, century Enka, Glaxo Smithkline Pharma, Jindal Hisar, JSL Industries, Jyothi Labs, Manppuram Finnace, Minda Corp, PI Industries, Route Mobile, Tata Motor, Torrent Pharma and Ujjivan Samll Finance
*Results Wednesday* – Endurance Tech, Heritage Food, Indiabull Housing, IOC, jk Tyre, Man Infra, Mas Financial, Prism Cement and SML Isuzu
*Results Thursday* – Bosch, Emkay Global, Havell’s India, HPCL, Jk Lakshmi Cement, KNR Construction, Torrent Power, Relaxo Foot Wear and Zee Entertainment
*Results Friday –* Birla Soft, CG Consumers, Container Corpoation, Dhanuka Agritech, Dr Lal Path Labs, Hindalco, SBI, Shoppers Stop, Shree Cement, South India Bank and United Spirits
*Results Saturday* – Amaraja Batteries, Amber Enterprises, Mangalam Cement, Sarda Energy
GLOBAL MARKET
Asian markets to start positive
-US indices rally on Friday trade
-Dow up 360 and Nasdaq up 305 points
-Commodity prices getting softer may cushion bond yield and inflationary pressure
-Gold at $1844
-Bitcoin fell more than 3% to $46000
Asian markets to start positive
-US indices rally on Friday trade
-Dow up 360 and Nasdaq up 305 points
-Commodity prices getting softer may cushion bond yield and inflationary pressure
-Gold at $1844
-Bitcoin fell more than 3% to $46000
Elon Musk hints Tesla has dumped Bitcoin holdings
CEO tweets ‘indeed’ in response to post about divesting from cryptocurrency
CEO tweets ‘indeed’ in response to post about divesting from cryptocurrency
FEDERAL BANK : Federal Bank expects NIM to remain between 3.20-3.25%. It adds, FY21 slippages are at the same level as that of FY20
Federal Bank CEO Shyami
Srinivasan: FY21 slippages are at the same level of FY20; Expect things to improve by early July
INDO COUNT Q4 : Net Profit Of Rs 57.8 cr against Rs 8 cr profit last year
Revenue Up 71 % to Rs 690 cr
Federal Bank CEO Shyami
Srinivasan: FY21 slippages are at the same level of FY20; Expect things to improve by early July
INDO COUNT Q4 : Net Profit Of Rs 57.8 cr against Rs 8 cr profit last year
Revenue Up 71 % to Rs 690 cr
Lincoln Pharmaceuticals Q4 earnings:
Net profit surged by 40.6% YoY to Rs. 12.6 crore Vs Rs. 8.9 crore
Revenue rose by 1.4% YoY to Rs. 79.6 crore Vs Rs. 78.5 crore
EBITDA up by 78.2% YoY to Rs. 15.3 crore Vs Rs. 8.6 crore
Net profit surged by 40.6% YoY to Rs. 12.6 crore Vs Rs. 8.9 crore
Revenue rose by 1.4% YoY to Rs. 79.6 crore Vs Rs. 78.5 crore
EBITDA up by 78.2% YoY to Rs. 15.3 crore Vs Rs. 8.6 crore
Hindustan Foods Q4 earnings (YoY):
Net profit surged by 54% YoY to Rs. 10.8 crore Vs Rs. 7 crore
Revenue rose by 94.8% YoY to Rs. 482.3 crore Vs Rs. 247.7 crore
EBITDA surged by 49.4% YoY to Rs. 25.5 crore Vs Rs. 17 crore
Net profit surged by 54% YoY to Rs. 10.8 crore Vs Rs. 7 crore
Revenue rose by 94.8% YoY to Rs. 482.3 crore Vs Rs. 247.7 crore
EBITDA surged by 49.4% YoY to Rs. 25.5 crore Vs Rs. 17 crore
NILKAMAL FURNITURE : India has potential of taking furniture exports from $2 to $20 billion, says expert
As the Indian economy recovers from the impact of COVID-19, India's furniture market is looking up. The industry clocked compounded annual growth rate of 9.4 percent in the last five years, rising to $12.6 billion in financial year 2019.
As the Indian economy recovers from the impact of COVID-19, India's furniture market is looking up. The industry clocked compounded annual growth rate of 9.4 percent in the last five years, rising to $12.6 billion in financial year 2019.
MACROTECH DEVELOPER Q2 BIZ UPDATE
👍Pre Sales ⬆️ 88 % To ₹ 2,003 Cr (YOY), ⬆️109 % (QOQ).. Best Ever Sales Performance in Q2
👍Collection ⬆️ 73 % To ₹ 1,912 cr (YOY), ⬆️ 12 % (QOQ)
👍Net Debt ⬇️ 26 % To ₹ 12,508 cr (YOY), ⬇️ 26.5 % (QOQ)
👍Pre Sales ⬆️ 88 % To ₹ 2,003 Cr (YOY), ⬆️109 % (QOQ).. Best Ever Sales Performance in Q2
👍Collection ⬆️ 73 % To ₹ 1,912 cr (YOY), ⬆️ 12 % (QOQ)
👍Net Debt ⬇️ 26 % To ₹ 12,508 cr (YOY), ⬇️ 26.5 % (QOQ)
INCOME TAX DEPARTMENT IS CONDUCTING SEARCHES ON DB REALTY, SHIVALIK GROUP (UNLISTED) AND SUGAR COMPANIES IN THREE DIFFERENT CITIES OF MAHARASHTRA
Result Date
08-Oct-21 TCS
13-Oct-21 INFY
13-Oct-21 WIPRO
14-Oct-21 HCLTECH
16-Oct-21 HDFCBANK
18-Oct-21 LTI
18-Oct-21 ULTRACEMCO
19-Oct-21 ICICIPRULI
19-Oct-21 LTTS
19-Oct-21 NAVINFLUOR
19-Oct-21 NESTLEIND
21-Oct-21 JSWSTEEL
21-Oct-21 MPHASIS
22-Oct-21 HDFCLIFE
23-Oct-21 ICICIBANK
25-Oct-21 HDFCAMC
25-Oct-21 RAMCOCEM
26-Oct-21 AXISBANK
26-Oct-21 BAJFINANCE
26-Oct-21 CIPLA
26-Oct-21 NAM-INDIA
26-Oct-21 PERSISTENT
27-Oct-21 BAJAJ-AUTO
28-Oct-21 BAJAJFINSV
28-Oct-21 M&MFIN
29-Oct-21 CHOLAFIN
29-Oct-21 DRREDDY
30-Oct-21 IDFCFIRSTB
02-Nov-21 DABUR
09-Nov-21 BOSCHLTD
12-Nov-21 AMARAJABAT
08-Oct-21 TCS
13-Oct-21 INFY
13-Oct-21 WIPRO
14-Oct-21 HCLTECH
16-Oct-21 HDFCBANK
18-Oct-21 LTI
18-Oct-21 ULTRACEMCO
19-Oct-21 ICICIPRULI
19-Oct-21 LTTS
19-Oct-21 NAVINFLUOR
19-Oct-21 NESTLEIND
21-Oct-21 JSWSTEEL
21-Oct-21 MPHASIS
22-Oct-21 HDFCLIFE
23-Oct-21 ICICIBANK
25-Oct-21 HDFCAMC
25-Oct-21 RAMCOCEM
26-Oct-21 AXISBANK
26-Oct-21 BAJFINANCE
26-Oct-21 CIPLA
26-Oct-21 NAM-INDIA
26-Oct-21 PERSISTENT
27-Oct-21 BAJAJ-AUTO
28-Oct-21 BAJAJFINSV
28-Oct-21 M&MFIN
29-Oct-21 CHOLAFIN
29-Oct-21 DRREDDY
30-Oct-21 IDFCFIRSTB
02-Nov-21 DABUR
09-Nov-21 BOSCHLTD
12-Nov-21 AMARAJABAT
Morning Alert..
*Mega textile parks to boost exports, jobs*
Cabinet approves 7 parks under PM-Mitra Centre to provide Rs 4445Cr capital support over 5 years., states to pitch in with land. It will be in states offering maximum incentives on land, labour, electricity and labour compliance. Rs 300Cr to be provided as competitiveness incentive support for early establishment of manufacturing units.
Oil hits multi-year high of over $83*
Oil dropped after hitting multi-year high on Wednesday pressured by an American Petroleum Institute report showing rising crude inventories in US. The latest surge in price was due to refusal of organization of Petroleum Exporting Countries and allies to boost output faster.
*Govt plans to allow 20% FDI in LIC*
Govt is considering a proposal for foreign investors to own as much as 20% in LIC, according to a person with knowledge of the matter, which would enable them to participate in nations biggest IPO. While FDI of 74% is permitted in most Indian Insurance companies, the rule dont apply to LIC because it is a special entity created by an act of Parliament.
*Commodity play*
Gold – Rs 46583/10gm, Silver – Rs 60296/kg, Brcrude – Rs 6061/Barrel, Degumsyoil – Rs 1322/10kg, Copper – Rs 710/kg.
*Corporate News*
Nazara tech – Co has raised Rs 315Cr through Preferential allotment of equity shares to 2 institutional investors.
SREI – SREI group promoter Adisri commercial Pvt ltd has moved HC against order of RBI.
Zeel – Co moves NCLAT, seeks more time to reply.
Tata Steel – Cos output grows 7% in July to September.
Sector in Focus - Chemicals, Textiles, Banks & Logistics
*Mega textile parks to boost exports, jobs*
Cabinet approves 7 parks under PM-Mitra Centre to provide Rs 4445Cr capital support over 5 years., states to pitch in with land. It will be in states offering maximum incentives on land, labour, electricity and labour compliance. Rs 300Cr to be provided as competitiveness incentive support for early establishment of manufacturing units.
Oil hits multi-year high of over $83*
Oil dropped after hitting multi-year high on Wednesday pressured by an American Petroleum Institute report showing rising crude inventories in US. The latest surge in price was due to refusal of organization of Petroleum Exporting Countries and allies to boost output faster.
*Govt plans to allow 20% FDI in LIC*
Govt is considering a proposal for foreign investors to own as much as 20% in LIC, according to a person with knowledge of the matter, which would enable them to participate in nations biggest IPO. While FDI of 74% is permitted in most Indian Insurance companies, the rule dont apply to LIC because it is a special entity created by an act of Parliament.
*Commodity play*
Gold – Rs 46583/10gm, Silver – Rs 60296/kg, Brcrude – Rs 6061/Barrel, Degumsyoil – Rs 1322/10kg, Copper – Rs 710/kg.
*Corporate News*
Nazara tech – Co has raised Rs 315Cr through Preferential allotment of equity shares to 2 institutional investors.
SREI – SREI group promoter Adisri commercial Pvt ltd has moved HC against order of RBI.
Zeel – Co moves NCLAT, seeks more time to reply.
Tata Steel – Cos output grows 7% in July to September.
Sector in Focus - Chemicals, Textiles, Banks & Logistics
Shiv Kumar Tripathi (UP-based Lawyer who wrote to CJI) seeks court to take appropriate action in Lakhimpur case, says farmers died due to negligence of the administration
*SGX Nifty +140 pts (17751) from last trade 17611 ,*
Nikkei +284 pts ,
Hangseng +373 pts ,
Now @6.53am .
Dow +102.32 pts ,Nsdq +68.08 pts, S&P
+17.83 pts,, Bovespa +101 pts , Ftse -81 pts , Dax -221 pts , Cac -83 pts , Crude @ $77.16 brl (-0.28), Brent @ $81.08 brl (+0.00) , Gold @ 1763.80 (+2.00), Silver @ $22.645 (+0.11), Euro @ $1.1552, JPY @ $111.38, INR @ 74.755
*Today's Corporate Action*
*7th Oct Ex Date*
AFFLE
Stock Split From Rs.10/- to Rs.2/-
INDSOYA
Stock Split From Rs.10/- to Rs.5/-
UNISON
Bonus issue 4:1
*Today's Key Results/Board Meetings*
*7-Oct-21*
INDITALIA
General
INTELSOFT
Quarterly Results
LLOYDSME
General
MEDICO
General;Bonus issue;Increase in Authorised Capital
SYLPH
Quarterly Results
*Stock under F&O ban on NSE*
*7-Oct-21*
1CANBK
2IBULHSGFIN
3NATIONALUM
4PNB
5SAIL
Nikkei +284 pts ,
Hangseng +373 pts ,
Now @6.53am .
Dow +102.32 pts ,Nsdq +68.08 pts, S&P
+17.83 pts,, Bovespa +101 pts , Ftse -81 pts , Dax -221 pts , Cac -83 pts , Crude @ $77.16 brl (-0.28), Brent @ $81.08 brl (+0.00) , Gold @ 1763.80 (+2.00), Silver @ $22.645 (+0.11), Euro @ $1.1552, JPY @ $111.38, INR @ 74.755
*Today's Corporate Action*
*7th Oct Ex Date*
AFFLE
Stock Split From Rs.10/- to Rs.2/-
INDSOYA
Stock Split From Rs.10/- to Rs.5/-
UNISON
Bonus issue 4:1
*Today's Key Results/Board Meetings*
*7-Oct-21*
INDITALIA
General
INTELSOFT
Quarterly Results
LLOYDSME
General
MEDICO
General;Bonus issue;Increase in Authorised Capital
SYLPH
Quarterly Results
*Stock under F&O ban on NSE*
*7-Oct-21*
1CANBK
2IBULHSGFIN
3NATIONALUM
4PNB
5SAIL