Live today: Screener for top 100 dividend stocks Trendlyne's new page for top dividends is live. Dividend yields of stocks have been adjusted for Bonus and Splits for accurate yield calculation. The data also lets you know if the company issued a special dividend, which might be skewing the yield. The table is interactive, and you can also see tags against each company stock in the list for the following: Increasing - dividends are increasing over time Decreasing - Dividends are decreasing over time Special - Special dividend declared may be skewing yields Bsin1Y - Bonus/Split was declared in past one year and has been adjusted in the yield Bsin2Y - Bonus/Split was declared in past two years and has been adjusted in the yield BSin5Y - Bonus/Split declared in past 5 years and adjusted in the yield. It is interesting to note that most high dividend stocks have not given very good returns over the past five years. They could be a good defensive/contra choice even as the market edges up towards their lifetime highs.
Labour reforms across industries on the cards, Motor Vehicles Act being amended to allow states to cap fares, tech automation reducing hiring across engineering colleges, new investments in India's shipping infra Labour reforms allowing 'fixed term jobs' are on their way across industries - a move likely to improve wages and increase jobs across sectors. The reforms are likely to be opposed by labour unions. FE The Centre is set to amend the Motor Vehicles Act to allow state governments to cap fares and end surge pricing for operators like Uber and Ola. BS India churns out 16 lakh engineering graduates every year, and job prospects for fresh graduates look bleaker than before with automation growing across the IT industry. This is set to impact hiring across colleges. ET The government has received over $630 million in investments in the shipping sector till date as it works to improve port connectivity and modernise the sector. The modernisation efforts are critical to India's manufacturing success. Currently the turnaround time for ships in India's port averages two days, compared to ten hours for Hong Kong. IE Photo of the Day: Participants in a chilli-eating competition sit in tubs of cold water. Guardian
Flipkart investing Rs 670 crore to build its own digital wallet, Saudi Arabia's top cleric warns against Pokemon Go, Grofers seeing losses of Rs 24 lakh a day, UltraTech Cement, powered by recent growth and new government projects, set to grow faster than industry. Flipkart hopes for a slice of India's booming payments market, and plans to invest over Rs 670 crore to build its own digital wallet. This would also reduce the company's dependence on cash transactions. The product is being built internally by the team from the company's recent acquisition, payments startup PhonePe. ET Saudi's top clerics have renewed a fatwa against playing the popular Pokemon Go, saying that it violates religious rules against gambling, and uses symbols like the six-pointed star, which are associated with Israel. BS Competition in acquiring customers has driven up costs in the foodtech business, Grofers CEO said, leading to company losses of over Rs 24 lakh a day for the firm. But, he says, 'the worst is over'. FE UltraTech Cement's growth guidance is up from last year's, and the company is set to grow faster than the industry, boosted by ambitious road targets set by the Centre, and increased construction in the second half of the year. ETIG Photo of the Day: Man with a toothache riding to see a dentist during a curfew in Srinagar. Reuters India
And this week's Stock Pick from brokers Research reports roundup this week! Seven company stocks saw BUY reports from analysts One company stock saw a SELL report from analysts Five stocks came in as NEUTRAL. Pick of the week: Tata Consultancy Services Limited - TCS, which has received two target upgrades over the last week from HDFC Securities and ICICI Securities. Date Stock Target Type Report Date Price CMP Upgrades/downgrades - last 6 months 2016-07-13 Cadila Healthcare Limited - CADILAHC 371 NEUTRAL 359.85 360.55 2 upgrades, 4 downgrades till date 2016-07-14 Tata Consultancy Services Li.. - TCS 2650 BUY 2520.3 2433.5 6 upgrades, 3 downgrades till date 2016-07-14 Larsen & Toubro Limited - LT 1770 BUY 1563.85 1574.95 3 upgrades, 2 downgrades till date 2016-07-15 Cyient Limited - CYIENT 508 NEUTRAL 472 487 3 upgrades till date 2016-07-16 Infosys Limited - INFY 1350 BUY 1072.25 1081.7 6 upgrades,1 downgrade till date 2016-07-16 NIIT Technologies Limited - NIITTECH 530 NEUTRAL 470.05 472.3 3 upgrades,1 downgrade till date 2016-07-16 Reliance Industries Limited - RELIANCE 1129 NEUTRAL 1012.55 1004.25 2 upgrades till date 2016-07-18 Suzlon Energy Limited - SUZLON 28 BUY 18.1 18.1 1 upgrade, 1 downgrade till date 2016-07-18 DCB BANK LIMITED - DCBBANK 115 BUY 99.6 99.6 2 upgrades, 1 downgrade till date 2016-07-19 Dr. Reddy's Laboratories Lim.. - DRREDDY 3700 BUY 3575.05 3630.4 2 upgrades, 3 downgrades till date 2016-07-19 MindTree Limited - MINDTREE 600 NEUTRAL 562.45 565.05 2 upgrades, 4 downgrades till date 2016-07-19 Hindustan Unilever Limited - HINDUNILVR 830 SELL 895.15 901.2 3 upgrades, 1 downgrade till date 2016-07-19 Exide Industries Limited - EXIDEIND 195 BUY 175.5 177.6 2 upgrades, 3 downgrades till date Source: Trendlyne Research Reports Summaries
1 lakh crore worth mutual fund investment may be frozen, capital infusion unlikely to solve woes of public banks, Advanced Enzyme IPO hits capital markets, Mumbai Police attach Rs 2,000 crore worth of assets of FTIL Over Rs 1 lakh crore worth of mutual fund investments may be frozen by SEBI due to non-compliance with FATCA. The Act, meant to curb tax evasion, requires mutual fund houses to know if investors have residency or pay taxes in another country. Funds are requesting SEBI to freeze rather than shut down these accounts on August 31. ET The Rs 22,913 crore planned by the government into ailing PSU banks such as SBI won't aid growth, analysts say. The amount being provided according to sources is more of a bailout, and would encourage banks to clean up their NPAs. BS The Advanced Enzyme IPO has hit markets with a price band of Rs 880-896 per equity share. The firm is the second largest enzyme company in the country. FE The Jignesh Shah promoted 63 Moons Technologies (formerly FTIL) is seeking legal recourse after the Mumbai Police attached Rs 2000 crore worth of assets. Firstpost Photo of the Day: A ranger surveys a new lava field in Congo, near Africa's most active volcano. NatGeo
Infosys rejigs top management after weak Q1, moving talent to acquisitions and deals, Raghuram Rajan cautions against rupee depreciation, anonymous leak targets Jabong co-founder Praveen Sinha; JSW Energy to buy Jaiprakash Power's Bina unit Infosys has moved top management into key roles in mergers and acquisitions, and large deal-making. The shift is likely an acknowledgement that Infosys needs to quickly acquire companies in the AI and automation spaces to manage industry shifts that are slowing down its growth. ET RBI Governor Raghuram Rajan said that recent calls to depreciate the rupee to boost the country's exports - a strategy that China used often through the 2000s to enhance low-cost exports - would be counter-productive for India. Such a move he said, would increase inflation. FE The co-founder and former CEO of Jabong Praveen Sinha is the target of an anonymous twitter account, Unicon Baba. The account has leaked what it claims are excerpts of an internal PWC report; the report suggests that Sinha will soon have charges brought against him for siphoning over Rs. 100 crore from the company. LiveMint JSW Energy has formally acquired Jaiprakash Power's Bina power plant for Rs 2,700 crore. This is one among multiple recent acquisitions by JSW Energy, which will up its total capacity to over 6000 Mw. BS Photo of the Day: Salman Khan and AR Rahman give India's Rio Olympics contingent a send-off at an event in Delhi. IE
Tesla Motors likely to enter India with Gadkari offering joint venture support, telcos cut prices by 60% ahead of Jio launch, ED now probing additional Rs 900 crore violations by Mallya, Raghuram Rajan says no rate cut upcoming Nitin Gadkari visited the San Francisco Tesla factory, and offered to promote joint ventures between Tesla and Indian auto companies to ensure the entry of pollution free car transport on Indian roads. Tesla could potentially make India its Asian manufacturing hub, he said. Firstpost Airtel and Idea have cut prices of their data offerings by 60% by adding additional benefits and data services to existing packs. Analysts expect data prices to fall by 15-20% with the entry of Jio. BS The Enforcement Directorate is investigating a fresh complaint by United Spirits against Vijay Mallya. The company says Mallya violated foreign exchange and anti-money laundering laws for funds of about Rs. 900 crore. ET Inflation pressures are escalating, RBI Governor Raghuram Rajan said, indicating that there would be no rate cut coming from the bank in August. A good monsoon should revive the rural economy and consumer demand, he added. LiveMint Photo of the Day: Indians evacuated from South Sudan on an Indian Airforce aircraft arrive in Delhi. Reuters
Infosys struggling under fundamental changes in industry, experts say, iPhone losing market share in critical geos to Samsung, RIL beats profit expectations, Snapdeal-GoJavas deal falls apart Reduced global spending is impacting choices in IT services, experts say, with firms choosing online software over outsourcing providers like Infosys. This may mark a permanent downturn for companies like Infosys and TCS. NDTV Samsung and other smartphone companies are taking a bite out of iPhone's apple, with the Samsung Galaxy S7 taking 16% market share in the US compared to 14.6% for the iPhone. ET Reliance Industries posted an 18% consolidated net profit growth, beating expectations. Revenue however fell 13.13%. Profit growth was helped by better oil refining margins - RIL now claims that its refining margins are now the best in the industry. LiveMint Snapdeal was in talks with GoJavas to acquire the logistics company, but talks have apparently fallen apart over differences in GoJavas valuation. GoJavas has walked out of the deal and is looking for possible ways to buy out the 42% stake Snapdeal already holds in the company. BS Photo of the Day: The Hubble Telescope spots a starburst (on the left) - where an unusually high number of stars are being formed together. Normal galaxies usually make one or two new stars a year, but a starburst galaxy makes over two hundred. NASA
Some outlier CEOs, both in India and Internationally: SUN Network, Divis Labs, NorthStar Realty There's been substantial coverage around tech CEO salaries recently. Reports on Infosys CEO's Vishal Sikka's big pay hike, and shareholders protesting the TCS chief's salary and bonus payouts made the rounds recently. But it's not tech that dominates the 'highest paid Indian CEOs' list. TCS Chief N Chandrasekharan does make the top ten list now with his recent pay hike, and Infosys' Vishal Sikka is a new entrant in the top three with his $7.2 million payout. However, the one with the most gold in their purses is the husband-wife duo at Sun Network, who took home a cool $18 million jointly last year, $9 million each. Their combined salaries accounted for 5% of the company's revenue, an outlier in the Indian industry. The only other CEO that came close was Murali Divi, who owns Divis Labs - his salary of $5.3 million was 1.2% of his company's revenues. India Annual pay (in $) Salary as share of company revenue Kavery Kalanithi, Kalanithi Maran, Sun Network $18 million 5% Vishal Sikka, Infosys $7.2 million 0.08% Pawan Kant Munjal, Hero MotoCorp $6.6 million 0.2% Kumar Mangalam Birla, ABG $6.6 million 0.02% Sunil Kant Munjal, Hero MotoCorp $6.3 million 0.2% Onkar S Kanwar, Apollo Tyres $6.2 million 0.3% D B Gupta, Lupin $5.6 million 0.3% Murali K Divi, Divis Labs $5.3 million 1.2% N Chandrasekaran, TCS $5.3 million 0.03% Sajjan Jindal, JSW Steel $5.2 million 0.1% Compared to top-paid global CEOs, these payouts are pretty modest. However, looking at global CEO pay as % of company revenue, most shares remain below 1% except for some odd exceptions - the real estate company NorthStar Realty has been reporting losses, but its CEO pulls in $60 million in annual pay, 3.3% of company revenue. And GoPro's recent collapse in income means that its CEO pay is now 7.7% of its revenues, not a great sign. International Annual pay (in $) Salary as share of company revenue David M. Zaslav , Discovery Comms $156 million 2.4% Michael T. Fries, Liberty Global $111 million 0.6% Satya Nadella, Microsoft $84 million 0.1% Nicholas Woodman, GoPro $77 million 7.7% Gregory B. Maffei, Liberty Media $73 million 1.6% Lawrence J. Ellison, Oracle $67 million 0.8% Steven M. Mollenkopf, Qualcomm $60 million 0.2% David T. Hamamoto, NorthStar Realty $60 million 3.3% Leslie Moonves, CBS $54 million 0.4% Philippe P. Dauman, Viacom $44 million 0.3%
Former RBI Governor says he 'paid the price' for autonomy, TCS shows some recovery in growth as eyes now turn to Infosys, Essar Oil in talks to sell 23.5% stake, government to overhaul watchdogs to remove conflicts of interest D Subbarao, the RBI Governor from 2008-13, says that he often felt pressured to fall in line with Finance Ministry goals, and that the government "was distinctly uncomfortable with the RBI raising interest rates". BS TCS Q1 results met analyst expectations, but volume growth seems to have "entered the slow lane" and indicates that the company may now be growing at a slower rate than Infosys. Analysts are watching the results closely to understand the impact of Brexit and the slowdown in global growth. ET Essar Oil, India's second largest private oil refiner, is in talks with international companies to sell 23.5% of its stake, in a deal that is expected to close at the end of this month. LiveMint The government is targeting bodies like the Institute of Chartered Accountants of India (ICAI) for overhaul - these bodies act as both regulators and industry representatives. The government plans to remove their regulatory role to end the conflict of interest. FE Photo of the Day: the augmented reality game Pokemon Go which adds Pokemon characters to your surroundings to chase and capture, is a worldwide sensation, and has now been downloaded millions of times in the countries it is available. Atlantic
