Bajaj Auto today reported a 65 per cent jump in total sales to 4,04,429 units for June.The company had sold 2,44,878 units in the same month a year ago.Its motorcycle sales also increased by 65 per cent to 3,37,752 units as against 2,04,667 in June last year, Bajaj Auto said in a BSE filing.The two-wheeler major said its exports during the month went by up 44 per cent to 1,69,853 units from 1,17,903 units in the year-ago period.In the commercial vehicles category, Bajaj Auto's sales in June stood at 66,677 units compared to 40,211 units in the year-ago period, up 66 per cent.

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After the Silk White edition, comes a new Red edition of the OnePlus 6.

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On the last day of the Pride month, YouTube said that "We are sorry and want to do better."

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The Galaxy Note 9 S Pen will reportedly see the biggest upgrade ever this year.

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After the Google Maps, the Google Home app testing a redesign with Google's Material Theme.

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Pixel smartphones should most probably be getting Android P by the end of this month.

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Samsung is all geared up to begin production of its first batch of foldable OLED displays,

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The very first sale of the Lenovo Z5 saw the device sold out in just over a minute.

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The technology in this patent has not been included in any of Facebook's products.

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It is not clear if Tesla could maintain that level of production for a longer period.

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By Harshal Dewangan

by Yuko Takeo and Emi NobuhiroAsian trade ministers took another step toward creating what could be the world’s biggest trading bloc on Sunday, expressing hope that a deal could be signed by the end of this year.Ministers from the 16-nation Regional Comprehensive Economic Partnership, which includes China, Japan and India but not the U.S., met in Tokyo on Sunday to try and thrash out remaining differences.“The path toward a year-end agreement is now clearer,” said Hiroshige Seko, Japan’s Trade Minister during the joint-press conference held Sunday. “As protectionism concerns increase globally, it’s important that the Asian region flies the flag of free trade.”If ever fully achieved, the partnership would also include the 10 members of the Association of Southeast Asian Nations as well as South Korea, Australia and New Zealand, and cover one third of the world’s economy and almost half its population.While the pact doesn’t seek to impose higher standards in areas such as labor and environmental protection, like the 11-nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership signed earlier this year, consensus continues to prove elusive.Major obstacles include India’s requirement that any agreement to reduce tariffs on goods and services should allow for free movement of people, something India wants for its highly skilled information technology sector.“There are great challenges to the global trading system at this point in time,” said Chan Chun Sing, Singapore’s Trade Minister Sunday. “It serves as added impetus for us to try and achieve a substantive conclusion to the RCEP process.”Any further progress on RCEP could put pressure on the U.S. to consider rejoining the TPP, as the U.S.-China trade war continues. U.S. President Donald Trump’s tariffs on $34 billion of Chinese goods are scheduled to kick in on July 6, a move that China has vowed to retaliate against.

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President Donald Trump has warned that Harley-Davidson is going to take "a big hit" for moving some of its motorcycle production overseas and said the American company made the decision even though he got India to reduce import tariff on the iconic motorcycles. Trump said the Wisconsin-based motorcycle manufacturer risks losing American customers if it shifts production overseas. "I have feeling that maybe Harley, I think they're going to take a big hit. I just think it's a great American product. Our people have more pride then they used to have. I really believe that Harley's going to take a (hit)-- the people that are buying Harley-Davidson, they don't want it built in another country," Trump told Fox News. Harley-Davidson has annouced that it is moving some of its production overseas to avoid tariffs on bikes sold in the European Union. Trump's decision to levy tariffs on steel and aluminum from the European Union and other countries triggered the move. Trump cautioned against Harley-Davidson moving overseas, saying, "I think that Harley is an American bike. It's an American motorcycle and they should build them in this country." He accused the American motorcycle maker of using tariffs as an excuse to produce more bikes overseas. "I think I taught them more about tariffs than I could ever learn. I was saying, let me ask you a question. How much do you pay in India? One hundred per cent. Oh, really? Do you do much business? No. Why? Because the tariff's too high," Trump said. "I'm the one telling them. I said, that's a shame. I got them to reduce the tariffs in India, because I used that as an example. All of the sudden, Harley leaves. Everyone else is coming in," Trump said. Trump has repeatedly raised the issue of high tariffs by India on high-end Harley-Davidson motorcycles, which in part is responsible for the current trade tension between the two countries. In February, Trump had said that the Indian government's decision to reduce the tariff on Harley-Davidson motorbikes from 75 per cent to 50 per cent was not enough and asked that it should be reciprocal, as the US imposes "zero tax" on the import of motorcycles. The president claimed that everybody who ever bought a Harley-Davidson voted for him in the 2016 presidential election. "I devoted a lot of time to Harley-Davidson. I treated them good. I guarantee you, everybody that ever bought a Harley-Davidson voted for Trump. I don't know if you know that. They call them bikers for Trump. There's hundreds," he said. Harley Davidson is the company which is going out of the country, while "everyone else is coming in", he said, warning that the decision of the company would hit it. Harley-Davidson said that shifting targeted production from the US to international facilities could take at least nine to 18 months to be fully completed.

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Jagannadham Thunuguntla, Senior VP and Head of Research, Centrum Broking, discusses Tata Steel, IDBI Bank, ICICI Bank auto stocks with ET Now. Edited excerpts: In the Tata Steel- Thyssenkrupp Group deal, instead of 50-50, Tata Steel’s ownership now will remain at 45%, which means there could be a change for Tata Steel sum of part valuations. How do you think the markets would view this deal? In terms of Tata Steel, ever since the Bhushan Steel deal, there were some hiccups vis-à-vis the balance sheet size and the magnitude of debt. That has created some anxiety. The best part is that Tata Steel has ended up becoming India’s largest steel producer. With this JV, the market will be keen to watch the monetisation, IPO or whatever plan they are formulating in the next two-three years. At some point, Tata Steel has to look at addressing the balance sheet issues because markets’ memories are still fresh when it comes to the Corus deal. That is one of the hiccups. Having said that, with more matured hands like Mr Chandrasekaran at the helm of affairs at the Tata Sons, Tata Steel will eventually make some of these major moves.If any clarity comes in realisation of value, markets will take it positively. In the long term, this deal should be seen as a good move. The only challenge is China and how the global macros play out. Considering it is a metal theme, that standard disclaimer will remain on the metal space any which way.The IDBI Bank-LIC deal is done but from market standpoint, should one now focus not on the compulsions of the deal but on how IDBI Bank has the potential to get rerated?Absolutely. When so much is going on in the PSU banks and the stocks like IDBI Bank were under so much pressure. LIC will be the new owner, albeit by proxy, government will be the owner. We have to see how the new ownership will change. Will there be autonomy and will there be clarity in term of decision making and capital deployment. Keeping all those things into account, it is a still risky a call but can be more of a contrarian bet. But having said that, when there are so many clean plays available in private sector banks or NBFCs or many other segments in the private sector, I am not sure why one will want to be very adventurous. Only time and the coming quarter and maybe upcoming analyst concalls, etc, will give us some insights into how the new owner will be handling IDBI Bank. Even for LIC, it is the first time, they are directly into the banking sector.What do you make of the monthly auto sales numbers so far? Irrespective of the 35% sales that Maruti has managed to clock in the month gone by, it has fallen a wee bit short of expectations that over one lakh units. For M&M, the monthly sales growth has been strong at 26%. Do you think that M&M in the near term may be more driven by July monsoon predications as opposed to what their monthly numbers would be? The auto numbers are quite impressive when markets are looking for some positive macro numbers. The initial auto numbers will be comforting for the overall market.As far as M&M is concerned, it is appearing to be in a sweet spot considering that even Maruti has done phenomenally well. The stock had its own fantastic wealth creation and a fantastic rally. M&M is a more stable play in the last two-three years in terms of stock price performance. M&M may be in a more bright spot at this moment considering Tata Motors is still finding it difficult to make a huge comeback in terms of business.What do you make of the appointment of non-executive chairman at ICICI Bank? Soon a new CEO will come in. Finally, there is a face at the operating level and even at the board level? ICICI Bank has gone through a rollercoaster kind of news flow and faced a lot of hiccups. Finally, if things settles down, probably it is good for investors, it is good for all stakeholders. In that sense probably the bank will remain in focus. But we are in a kind of market where the companies with perceivably high quality companies, are finding people ready to pay for high valuations while companies with a little bit of doubtful credentials, are being ignored, It is difficult to say how the price will play out on let us say ICICI Bank but one can say the repair work is on. Let us hope that even the NPA and asset quality issues will be eventually addressed and if there is a permanent CEO and permanent clarity on management. It will be comforting for the stakeholders and investors. In terms of valuations, it is definitely undervalued than let us say a HDFC Bank but only time can tell whether that will translate into the price or not. It will depend on the management and the new CEO who is going to come. Another interesting name is ICICI Securities after the IPO listing. Because of the group related issues, the stock remained under pressure and the stock may be in focus now considering its reasonably value now at about Rs 11,000 crore market cap for Rs 550 crore PAT is not appearing to be very high valuation for the kind of market leadership it has. I think all the stocks in the group should be kept on radar but we are in the process of repair but not there fully.

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