JPMorgan in Talks With 100 Multinationals for India Finance Hub
By Saikat Das and Siddhi Nayak, Bloomberg
July 17, 2026 at 9:30 AM GMT+8
- More than 100 companies have approached JPMorgan Chase & Co. to explore banking and payment solutions for corporate treasury operations in India's GIFT City.
- Clients approaching the bank include insurance companies and fintech firms, in addition to multinational firms, according to Guhaprasath Rajagopal, managing director and head of payments at JPMorgan India.
- The expansion in GIFT City is creating opportunities for banks to provide liquidity-management services, including physical pooling, cash concentration and notional pooling, said Rajagopal.
More than 100 companies have approached JPMorgan Chase & Co. to explore banking and payment solutions for corporate treasury operations in India’s GIFT City over the next 12 to 18 months, highlighting growing interest from multinational firms in the country’s financial hub.
“We haven’t seen anything like this before,” Guhaprasath Rajagopal, managing director and head of payments at JPMorgan India said in an interview. “Treasury centers are a major theme for GIFT City, and the ability to offer foreign-currency accounts alongside rupee capabilities provides an additional tailwind.”
Clients approaching the Wall Street bank also include insurance companies and fintech firms, he said.
The Gujarat International Finance Tec-City, known as GIFT City, is an initiative of Prime Minister Narendra Modi to position it as a global financial hub to rival Dubai or Hong Kong. The zone offers exemptions from certain taxes and regulatory restrictions, making it more attractive for international capital raising.
Banking assets in the hub based in Modi’s home state doubled to more than $100 billion as of September compared with two years earlier. The interest is being driven by incentives, including a 20-year tax holiday that came into effect in April.
Guhaprasath RajagopalSource: JPMorgan
There are 10 corporate treasury centers already operational in GIFT City. Those include AMNS Global Treasury Centre IFSC and Amefird Treasury, according to the International Financial Services Centres Authority, the regulator.
The next wave is expected to be dominated by multinational companies.
“Significant internal evaluation is underway at corporates, particularly among multinational firms,” said Rajagopal.
The expansion is creating opportunities for banks to provide liquidity-management services, an increasingly important business as global companies seek to centralize cash and funding operations.
JPMorgan offers services including physical pooling, cash concentration and notional pooling, Rajagopal said. Physical pooling consolidates cash balances from subsidiaries into a central account, while notional pooling offsets balances across multiple accounts without physically moving funds.
“Companies across the world want to optimize borrowing costs and deploy surplus cash efficiently, particularly when commodity prices remain volatile,” said the managing director.
— With assistance from Saket Sundria
https://www.bloomberg.com/news/articles/2026-07-17/jpmorgan-in-talks-with-100-multinationals-for-india-finance-hub
By: via 🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Monday, 20 July 2026
Tuesday, 14 July 2026
🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
🌹🇮🇳India Daybook – Stocks in News
EMS: Company emerged as L1 Bidder for ₹105.82 crore sewerage project. (Positive)
ONGC, Oil India: Crude Oil Extends Rally as U.S. President Trump imposes Blockade. (Positive)
Welspun Enterprises: Company has signed agreement for a Rs. 7,300 crore Pune-Shirur highway project. (Positive)
RPG Life: Company has partnered with Archerchem Healthcare to launch a Naproxen and Esomeprazole combination therapy in India. (Positive)
Aastha Spintex: Company has secured orders worth around Rs 77 crore from various entities, highlighting strong demand momentum for the company. (Positive)
Zensar Technologies: HRTI Pvt Ltd bought 1.05 lakh shares at Rs 532.57 per share. (Positive)
Indian Hume Pipe: Remcom Sales Services bought 3.45 lakh shares at Rs 394.43 per share. (Positive)
NHPC: Two of the three 170 MW units at the 510 MW Teesta-V Power Station in Sikkim resumed commercial operations after grid synchronisation. (Positive)
Hariom Pipe: Company has received proceedings from the Tamil Nadu Pollution Control Board (TNPCB) on July 13, 2026, suspending the earlier closure order & restoring power supply to its Perundurai unit. (Positive)
Carraro India: Company gets a rating update from India Ratings (Fitch Group), with the outlook upgraded to ‘Positive’ from ‘Stable’ while retaining its long-term rating at ‘IND A+’. (Positive)
Timken: Company becomes the first company in India to secure BIS licenses for both CRB and TRB rollers across multiple plant. (Positive)
H.G. Infra Engineering: Company has emerged as the L-1 bidder for a Rs. 241 crore project from the Department of Skill, Employment & Entrepreneurship, Government of Rajasthan (Positive)
Blue Cloud Softech Solutions: Company's subsidiary has signed a five-year Master Services Agreement (MSA) with SpaceX International to provide AI services. (Positive)
PDS Limited: Company has entered into a multi-year Sourcing as a Service (SaaS) partnership with the global sourcing arm of a leading French-headquartered global supermarket to manage the retailer's textile sourcing operations across five countries. (Positive)
Emcure Pharma: Company said to acquire the remaining 12.05% stake in its subsidiary Gennova Biopharmaceuticals Ltd for ₹231.87 crore. (Positive)
BEL: Company has received additional orders worth ₹572 crore since its previous disclosure. (Positive)
Captain Polyplast: Company has received order worth Rs. 23.6 Crore from Maharashtra State Electricity Distribution Limited for 1000 SPWPS. (Positive)
Roto Pumps: Construction completed for the first phase of the factory building at Plot No. C-008, Sector 145, Noida. (Positive)
ITC Hotels: Company signed a management agreement for the 117-key Welcomhotel Dehradun Selaqui with Orions Hospitality. (Positive)
Route Mobile: Subsidiary Route Connect will acquire Heltar Technologies' AI-led omnichannel business for up to ₹33.7 Cr (Positive)
Nuvoco: Revenue Rs 3128 Cr vs Rs 2872 Cr, Net Profit at Rs 159.6 Cr vs Rs 133.6 Cr YoY. (Positive)
Grasim: Aditya Birla Renewables to acquire Sprng Energy Platform from Shell in $1.8 billion renewable energy deal. (Neutral)
Container Corp: Company has reported an 8.89% year-on-year increase in container volumes for the quarter ended June, driven by growth in both export-import (EXIM) and domestic cargo.. (Neutral)
HCL Technologies: Q1 FY27 Consolidated Net Profit at Rs. 4,624 crore vs Rs. 4,488 crore QoQ. Revenue at Rs. 34,579 crore vs Rs. 33,981 crore QoQ. (Neutral)
ICICI Prudential Asset Management: Q1 FY27 Standalone Net Profit at Rs. 965 crore vs Rs. 784 crore YoY. Revenue at Rs. 1,564 crore vs Rs. 1,330 crore YoY. (Neutral)
Asian Paints: Company stated that the recent escalation in West Asia has created significant inflationary pressure on raw material costs. To mitigate the impact, it has implemented measured price increases of around 1–2%. (Neutral)
By: via 🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
EMS: Company emerged as L1 Bidder for ₹105.82 crore sewerage project. (Positive)
ONGC, Oil India: Crude Oil Extends Rally as U.S. President Trump imposes Blockade. (Positive)
Welspun Enterprises: Company has signed agreement for a Rs. 7,300 crore Pune-Shirur highway project. (Positive)
RPG Life: Company has partnered with Archerchem Healthcare to launch a Naproxen and Esomeprazole combination therapy in India. (Positive)
Aastha Spintex: Company has secured orders worth around Rs 77 crore from various entities, highlighting strong demand momentum for the company. (Positive)
Zensar Technologies: HRTI Pvt Ltd bought 1.05 lakh shares at Rs 532.57 per share. (Positive)
Indian Hume Pipe: Remcom Sales Services bought 3.45 lakh shares at Rs 394.43 per share. (Positive)
NHPC: Two of the three 170 MW units at the 510 MW Teesta-V Power Station in Sikkim resumed commercial operations after grid synchronisation. (Positive)
Hariom Pipe: Company has received proceedings from the Tamil Nadu Pollution Control Board (TNPCB) on July 13, 2026, suspending the earlier closure order & restoring power supply to its Perundurai unit. (Positive)
Carraro India: Company gets a rating update from India Ratings (Fitch Group), with the outlook upgraded to ‘Positive’ from ‘Stable’ while retaining its long-term rating at ‘IND A+’. (Positive)
Timken: Company becomes the first company in India to secure BIS licenses for both CRB and TRB rollers across multiple plant. (Positive)
H.G. Infra Engineering: Company has emerged as the L-1 bidder for a Rs. 241 crore project from the Department of Skill, Employment & Entrepreneurship, Government of Rajasthan (Positive)
Blue Cloud Softech Solutions: Company's subsidiary has signed a five-year Master Services Agreement (MSA) with SpaceX International to provide AI services. (Positive)
PDS Limited: Company has entered into a multi-year Sourcing as a Service (SaaS) partnership with the global sourcing arm of a leading French-headquartered global supermarket to manage the retailer's textile sourcing operations across five countries. (Positive)
Emcure Pharma: Company said to acquire the remaining 12.05% stake in its subsidiary Gennova Biopharmaceuticals Ltd for ₹231.87 crore. (Positive)
BEL: Company has received additional orders worth ₹572 crore since its previous disclosure. (Positive)
Captain Polyplast: Company has received order worth Rs. 23.6 Crore from Maharashtra State Electricity Distribution Limited for 1000 SPWPS. (Positive)
Roto Pumps: Construction completed for the first phase of the factory building at Plot No. C-008, Sector 145, Noida. (Positive)
ITC Hotels: Company signed a management agreement for the 117-key Welcomhotel Dehradun Selaqui with Orions Hospitality. (Positive)
Route Mobile: Subsidiary Route Connect will acquire Heltar Technologies' AI-led omnichannel business for up to ₹33.7 Cr (Positive)
Nuvoco: Revenue Rs 3128 Cr vs Rs 2872 Cr, Net Profit at Rs 159.6 Cr vs Rs 133.6 Cr YoY. (Positive)
Grasim: Aditya Birla Renewables to acquire Sprng Energy Platform from Shell in $1.8 billion renewable energy deal. (Neutral)
Container Corp: Company has reported an 8.89% year-on-year increase in container volumes for the quarter ended June, driven by growth in both export-import (EXIM) and domestic cargo.. (Neutral)
HCL Technologies: Q1 FY27 Consolidated Net Profit at Rs. 4,624 crore vs Rs. 4,488 crore QoQ. Revenue at Rs. 34,579 crore vs Rs. 33,981 crore QoQ. (Neutral)
ICICI Prudential Asset Management: Q1 FY27 Standalone Net Profit at Rs. 965 crore vs Rs. 784 crore YoY. Revenue at Rs. 1,564 crore vs Rs. 1,330 crore YoY. (Neutral)
Asian Paints: Company stated that the recent escalation in West Asia has created significant inflationary pressure on raw material costs. To mitigate the impact, it has implemented measured price increases of around 1–2%. (Neutral)
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Tuesday, 23 June 2026
Saturday, 13 June 2026
🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
SpaceX to list today on the Nasdaq under the ticker symbol "SPCX" - marking the largest IPO in history at $75 billion (the company is launching at a price of $135 per share, commanding MCAP of $1.7 trillion). This debut instantly positions SpaceX as the seventh-largest company in the US.
The IPO represents a monumental windfall for long-term investors who were early backers of the Elon Musk-led startup.
Here's a list of some of them
# Ron Baron of Baron Capital - After investing $2 billion across 27 rounds starting at a $22 billion valuation in 2017, Baron’s stake is now worth nearly $12 billion. SpaceX currently accounts for 33% of the Baron Partners Fund and 23% of the Baron Asset Fund.
# Founders Fund By Peter Thiel - An early investor since 2008, the fund has turned a $600 million investment into a stake worth over $50 billion, representing a staggering 62,000% return on early capital.
# Alphabet - The Google-parent had made a $900 million investment during a Series F round in 2015. Today, that stake is worth $106 billion, which represents nearly 1-2% of Alphabet's MCAP. The investment is often referred to as Alphabet's "Hidden Asset".
# Fidelity Investments - A major participant across multiple rounds, including leading the 2020 Series I round, SpaceX now represents significant holdings in the Fidelity Contrafund (4.7%), BlueChip Fund (3.3%), and Growth Company Fund (2.6%). All of these funds manage anywhere between $100 billion to $150 billion in assets.
# Andressen Horowitz - The firm had led a Series J funding round in January 2023 at a valuation of $137 billion. In the next three years, that stake is now swelled 12x in value, in-line with the valuation expansion.
# ARK Invest - Cathie Wood's firm was also one of SpaceX's backers, having started investments since late-2023. SpaceX is now the largest holding in the ARK Venture Fund at 17.02%. Since the initial investment, the valuations of SpaceX have gone up by 730%.
# Ontario Teachers Pension Plan - Having invested around $200 million in 2019 through its latest investment vehicle, Ontario Teachers' Pension Plan is now sitting on a $11.6 billion windfall, and the SpaceX investment comprises nearly 4% of its $279 billion AUM.
# Washington University - The first investment made by them was over a decade ago in 2016-17 and was worth $50 million. Today, that investment is over 10% of the total endowment of around $17 billion, making it among the largest concentrated positions for any university.
Before the stock begins to trade, brokerages such as Oppenheimer have initiated coverage on SpaceX with an "outperform" rating and a price target of $190 over the next 12-18 months, stating that the company's diversified portfolio makes it attractive for investors.
New Street Research has also initiated coverage on SpaceX with a target of $165, stating that it views xAI as a $575 billion business.
* With the SpaceX Listing, Elon Musk will become the first trillionaire on the planet. His stake in SpaceX is worth $866.5 billion, along with Tesla's stake which is worth $320 billion. Musk also controls 82% of the voting power at SpaceX.
By: via 🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
The IPO represents a monumental windfall for long-term investors who were early backers of the Elon Musk-led startup.
Here's a list of some of them
# Ron Baron of Baron Capital - After investing $2 billion across 27 rounds starting at a $22 billion valuation in 2017, Baron’s stake is now worth nearly $12 billion. SpaceX currently accounts for 33% of the Baron Partners Fund and 23% of the Baron Asset Fund.
# Founders Fund By Peter Thiel - An early investor since 2008, the fund has turned a $600 million investment into a stake worth over $50 billion, representing a staggering 62,000% return on early capital.
# Alphabet - The Google-parent had made a $900 million investment during a Series F round in 2015. Today, that stake is worth $106 billion, which represents nearly 1-2% of Alphabet's MCAP. The investment is often referred to as Alphabet's "Hidden Asset".
# Fidelity Investments - A major participant across multiple rounds, including leading the 2020 Series I round, SpaceX now represents significant holdings in the Fidelity Contrafund (4.7%), BlueChip Fund (3.3%), and Growth Company Fund (2.6%). All of these funds manage anywhere between $100 billion to $150 billion in assets.
# Andressen Horowitz - The firm had led a Series J funding round in January 2023 at a valuation of $137 billion. In the next three years, that stake is now swelled 12x in value, in-line with the valuation expansion.
# ARK Invest - Cathie Wood's firm was also one of SpaceX's backers, having started investments since late-2023. SpaceX is now the largest holding in the ARK Venture Fund at 17.02%. Since the initial investment, the valuations of SpaceX have gone up by 730%.
# Ontario Teachers Pension Plan - Having invested around $200 million in 2019 through its latest investment vehicle, Ontario Teachers' Pension Plan is now sitting on a $11.6 billion windfall, and the SpaceX investment comprises nearly 4% of its $279 billion AUM.
# Washington University - The first investment made by them was over a decade ago in 2016-17 and was worth $50 million. Today, that investment is over 10% of the total endowment of around $17 billion, making it among the largest concentrated positions for any university.
Before the stock begins to trade, brokerages such as Oppenheimer have initiated coverage on SpaceX with an "outperform" rating and a price target of $190 over the next 12-18 months, stating that the company's diversified portfolio makes it attractive for investors.
New Street Research has also initiated coverage on SpaceX with a target of $165, stating that it views xAI as a $575 billion business.
* With the SpaceX Listing, Elon Musk will become the first trillionaire on the planet. His stake in SpaceX is worth $866.5 billion, along with Tesla's stake which is worth $320 billion. Musk also controls 82% of the voting power at SpaceX.
By: via 🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Wednesday, 10 June 2026
🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
○ Admit Your Mistakes.
Grow Your Returns.
In trading and investing, mistakes are inevitable. But what separates consistent investors from the rest is how they respond to those mistakes.
Admitting mistakes saves capital.
It helps you learn faster.
It builds discipline and emotional control.
It strengthens your strategy and long-term consistency.
The market doesn't reward perfection.
It rewards patience, humility, and persistence.
Be honest with yourself. Learn. Adapt. Improve.
That's how you grow - not just your portfolio, but yourself.
#StockArthi #Investing #Trading #LearnAndGrow #AdmitYourMistakes #Discipline #LongTermSuccess #MakeMoneyWorkForYou
By: via 🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Grow Your Returns.
In trading and investing, mistakes are inevitable. But what separates consistent investors from the rest is how they respond to those mistakes.
Admitting mistakes saves capital.
It helps you learn faster.
It builds discipline and emotional control.
It strengthens your strategy and long-term consistency.
The market doesn't reward perfection.
It rewards patience, humility, and persistence.
Be honest with yourself. Learn. Adapt. Improve.
That's how you grow - not just your portfolio, but yourself.
#StockArthi #Investing #Trading #LearnAndGrow #AdmitYourMistakes #Discipline #LongTermSuccess #MakeMoneyWorkForYou
By: via 🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
🌹🇮🇳India Daybook – Stocks in News
Afcons Infrastructure: Company bags Rs 5,301 crore Vadhvan port breakwater project in Maharashtra. (Positive)
Bharti Hexacom: Company has received significant relief as the Bombay High Court set aside an Rs 473.7 crore spectrum charge demand (Positive)
Bharti Airtel: India halts Starlink approvals amid Iran war security fears. (Positive)
Marksans Pharma: India Ratings and Research has revised the outlook for the Company''s bank loan facilities to Positive from Stable (Positive)
NTPC: Defence Min Approves First Large-Scale Solar Power Project on Defence Land at Sitapur, UP. (Positive)
KNR Constructions: Company bags ₹235.07 Cr Flyover Project in Hyderabad. (Positive)
Muthoot Microfin: Company has received a significant credit rating upgrade from CRISIL (Positive)
Dixon Technologies: Company has enters into a JV binding term sheet with Gemtek (Positive)
MSP Steel & Power Ltd: Promoter Group entities acquired 23,50,000 & 11,05,000 equity shares respectively via open market purchases. (Positive)
HCL Tech: Company has launched a Cybersecurity Fusion Center (CSFC) in Mississauga, Canada, expanding its cybersecurity capabilities in the region. (Positive)
Bharti Hexacom: Company gets relief as Bombay high court sets aside Rs 473.7 crore spectrum charge demand. (Positive)
RMC Switchgears: Company outlines FY27–FY29 growth strategy; bets on EPC, electrical products and pulsebox expansion. (Positive)
Shriram Fin: India CCI approves Sanlam's stake buy in Shriram Life Insurance (Positive)
Emcure Pharma: Kotak Mahindra MF buys 36 lakh shares (Positive)
Ajanta Pharma: Kotak Mahindra MF buys 21 lakh shares (Positive)
Bluestone Jewellery: Nippon India MF buys 25 Lk shares (Positive)
Maruti Suzuki: Company freezes small car prices: Rs 30,000 price hike waived for bookings till June 14 (Neutral)
NLC India: India govt to exercise oversubscription option for 1% stake in NLC India OFS (Neutral)
Quality Power: Company expands with ₹315 Cr Winwin Speciality Insulators acquisition. (Neutral)
Glenmark: Company targets 13-15% revenue CAGR, on track for 23% EBITDA margin by FY27 (Neutral)
Patanjali Foods: Company received notice from Maharashtra FDA regarding promotional claims of Patanjali karela jamun juice; required to address concerns and potential recall of product. (Neutral)
Orient Ceratech Limited: Company has entered into an Agreement for Sale of its Thermal Power Station (Neutral)
PNB Housing Finance Ltd: Company has approved the allotment of 50,000 Listed, Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each. (Neutral)
Manbro Industries Ltd: Board of Directors approved a merger with KD Iron & Steel Private Limited, an entity with common promoters. (Neutral)
KRN Heat: Board approves ₹235.25 cr investment in its subsidiary, KHPL. (Neutral)
Vedanta: Malco Energy Ltd changed to Vedanta Oil & Gas Ltd w.e.f. June 9. (Neutral)
Aviation stocks: Jet fuel for domestic airlines will now cost ₹115 per litre. (Neutral)
JSW Energy: Moody's Ratings has affirmed the "Ba1/Stable" rating for the Senior Secured Notes (Neutral)
Welspun Corp: Company’s arm divests 4.5% stake in EPIC for ₹7 cr. (Neutral)
Newgen Software: Virender Jeet resigns as CEO. (Neutral)
MOIL: Govt exempts Manganeseores & concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more from customs duty. (Neutral)
Dredging Corp: Board approved the appointment of Jasmeet Singh Bindra as Additional Director and Chairman. (Neutral)
Ramkrishna Forgings: Board approved the allotment of 3.35 lakh warrants and 3.35 lakh equity shares worth Rs 52.7 crore. (Neutral)
Garden Reach: The government has nominated Vijay Namdeorao Zade as a Part-Time Official Director. (Neutral)
Vijaya Diagnostic: Sai Siva Prasad has resigned as Chief Technology Officer, effective August 8. (Neutral)
Anupam Rasayan: Company has announced it will make an open offer following the acquisition of a 43% stake in Bliss GVS Pharma. (Neutral)
By: via 🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Afcons Infrastructure: Company bags Rs 5,301 crore Vadhvan port breakwater project in Maharashtra. (Positive)
Bharti Hexacom: Company has received significant relief as the Bombay High Court set aside an Rs 473.7 crore spectrum charge demand (Positive)
Bharti Airtel: India halts Starlink approvals amid Iran war security fears. (Positive)
Marksans Pharma: India Ratings and Research has revised the outlook for the Company''s bank loan facilities to Positive from Stable (Positive)
NTPC: Defence Min Approves First Large-Scale Solar Power Project on Defence Land at Sitapur, UP. (Positive)
KNR Constructions: Company bags ₹235.07 Cr Flyover Project in Hyderabad. (Positive)
Muthoot Microfin: Company has received a significant credit rating upgrade from CRISIL (Positive)
Dixon Technologies: Company has enters into a JV binding term sheet with Gemtek (Positive)
MSP Steel & Power Ltd: Promoter Group entities acquired 23,50,000 & 11,05,000 equity shares respectively via open market purchases. (Positive)
HCL Tech: Company has launched a Cybersecurity Fusion Center (CSFC) in Mississauga, Canada, expanding its cybersecurity capabilities in the region. (Positive)
Bharti Hexacom: Company gets relief as Bombay high court sets aside Rs 473.7 crore spectrum charge demand. (Positive)
RMC Switchgears: Company outlines FY27–FY29 growth strategy; bets on EPC, electrical products and pulsebox expansion. (Positive)
Shriram Fin: India CCI approves Sanlam's stake buy in Shriram Life Insurance (Positive)
Emcure Pharma: Kotak Mahindra MF buys 36 lakh shares (Positive)
Ajanta Pharma: Kotak Mahindra MF buys 21 lakh shares (Positive)
Bluestone Jewellery: Nippon India MF buys 25 Lk shares (Positive)
Maruti Suzuki: Company freezes small car prices: Rs 30,000 price hike waived for bookings till June 14 (Neutral)
NLC India: India govt to exercise oversubscription option for 1% stake in NLC India OFS (Neutral)
Quality Power: Company expands with ₹315 Cr Winwin Speciality Insulators acquisition. (Neutral)
Glenmark: Company targets 13-15% revenue CAGR, on track for 23% EBITDA margin by FY27 (Neutral)
Patanjali Foods: Company received notice from Maharashtra FDA regarding promotional claims of Patanjali karela jamun juice; required to address concerns and potential recall of product. (Neutral)
Orient Ceratech Limited: Company has entered into an Agreement for Sale of its Thermal Power Station (Neutral)
PNB Housing Finance Ltd: Company has approved the allotment of 50,000 Listed, Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each. (Neutral)
Manbro Industries Ltd: Board of Directors approved a merger with KD Iron & Steel Private Limited, an entity with common promoters. (Neutral)
KRN Heat: Board approves ₹235.25 cr investment in its subsidiary, KHPL. (Neutral)
Vedanta: Malco Energy Ltd changed to Vedanta Oil & Gas Ltd w.e.f. June 9. (Neutral)
Aviation stocks: Jet fuel for domestic airlines will now cost ₹115 per litre. (Neutral)
JSW Energy: Moody's Ratings has affirmed the "Ba1/Stable" rating for the Senior Secured Notes (Neutral)
Welspun Corp: Company’s arm divests 4.5% stake in EPIC for ₹7 cr. (Neutral)
Newgen Software: Virender Jeet resigns as CEO. (Neutral)
MOIL: Govt exempts Manganeseores & concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more from customs duty. (Neutral)
Dredging Corp: Board approved the appointment of Jasmeet Singh Bindra as Additional Director and Chairman. (Neutral)
Ramkrishna Forgings: Board approved the allotment of 3.35 lakh warrants and 3.35 lakh equity shares worth Rs 52.7 crore. (Neutral)
Garden Reach: The government has nominated Vijay Namdeorao Zade as a Part-Time Official Director. (Neutral)
Vijaya Diagnostic: Sai Siva Prasad has resigned as Chief Technology Officer, effective August 8. (Neutral)
Anupam Rasayan: Company has announced it will make an open offer following the acquisition of a 43% stake in Bliss GVS Pharma. (Neutral)
By: via 🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Tuesday, 9 June 2026
🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
*News Headlines from Business News Agencies :*
*Business Standard :*
📝 India's bond inflows hit one-year high after RBI's steps to support rupee
📝 India's engineering exports rise to $122 bn in FY26: Govt official
📝 India's auto retail sales reach record high in May, EV share tops 11%
📝 Energy output up, adequate power available: Rajasthan Energy Minister
📝 Vedanta rebrands copper, nickel businesses as Vedanta Copper, Nickel
📝 Household PNG needs to be cheaper to accelerate adoption: Former IGL chief
📝 Drug companies seek NPPA price revision for cancer drugs amid shortage
📝 Refex Mobility crosses ₹100 cr revenue mark, posts 2.5x growth in FY26
📝 UP's green energy roadmap gets ₹5,400 crore booster for solar expansion
📝 SpiceJet plans to induct 3 Airbus A320 planes on damp lease in July
📝 Bandhan Bank opens 8 new branches across 4 states, expands network to 1,984
📝 TCS signs deal to modernise Canada Life's IT infra services across Europe
*Economic Times :*
📝 Centre has coal reserves for 80 days of power generation: Union Minister Kishan Reddy
📝 Zee appoints Tejkarran Singh Bajaj as Zee5 India business head
📝 Defence ministry expects 24 Tejas Mk1A jets to be ready by end of year
📝 Bharat Petroleum to shut crude unit at Mumbai refinery in November
📝 RBI seen joining Asia’s rate-hike push as inflation risks rise
📝 Payal Industrial Park, Fourier partner on hydrogen energy storage pilot
📝 Samsung Electronics' chip chief says discussed next-generation foundry, HBM cooperation with Nvidia CEO
📝 Uber opens sign-ups for London 'robotaxis' ahead of launch 'in months'
📝 Infosys CFO Jayesh Sanghrajka joins Cars24 board as independent director
📝 DEE Development Engineers Ltd bags Rs 387 crore contract from Bharat Petroleum
📝 India has 76 days of fuel reserves, oil supplies secure: Hardeep Singh Puri
*Mint :*
📝 Lupin Collaborates with ERN For Luforbec pMDI Launch In Spain
📝 Urban Company bets on micro-market densification to grow 2x faster than industry
📝 India bans potential carcinogen, chlorine bleaching; sets first tea bag norms
📝 SEBI, RBI working to launch derivatives on corporate bond indices
📝 Carlsberg to file draft papers for $700 million India IPO soon: Report
📝 Treasuries Drop as Jobs Data, Iran Tensions Fuel Rate Hike Bets
📝 Luxury beauty becomes daily indulgence, lifting Shoppers Stop’s distribution arm
📝 Sensodyne maker Haleon to invest £175 mn in first manufacturing plant in India
📝 IndiGo eyes global aviation leadership with 550-aircraft fleet
By: via 🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*Business Standard :*
📝 India's bond inflows hit one-year high after RBI's steps to support rupee
📝 India's engineering exports rise to $122 bn in FY26: Govt official
📝 India's auto retail sales reach record high in May, EV share tops 11%
📝 Energy output up, adequate power available: Rajasthan Energy Minister
📝 Vedanta rebrands copper, nickel businesses as Vedanta Copper, Nickel
📝 Household PNG needs to be cheaper to accelerate adoption: Former IGL chief
📝 Drug companies seek NPPA price revision for cancer drugs amid shortage
📝 Refex Mobility crosses ₹100 cr revenue mark, posts 2.5x growth in FY26
📝 UP's green energy roadmap gets ₹5,400 crore booster for solar expansion
📝 SpiceJet plans to induct 3 Airbus A320 planes on damp lease in July
📝 Bandhan Bank opens 8 new branches across 4 states, expands network to 1,984
📝 TCS signs deal to modernise Canada Life's IT infra services across Europe
*Economic Times :*
📝 Centre has coal reserves for 80 days of power generation: Union Minister Kishan Reddy
📝 Zee appoints Tejkarran Singh Bajaj as Zee5 India business head
📝 Defence ministry expects 24 Tejas Mk1A jets to be ready by end of year
📝 Bharat Petroleum to shut crude unit at Mumbai refinery in November
📝 RBI seen joining Asia’s rate-hike push as inflation risks rise
📝 Payal Industrial Park, Fourier partner on hydrogen energy storage pilot
📝 Samsung Electronics' chip chief says discussed next-generation foundry, HBM cooperation with Nvidia CEO
📝 Uber opens sign-ups for London 'robotaxis' ahead of launch 'in months'
📝 Infosys CFO Jayesh Sanghrajka joins Cars24 board as independent director
📝 DEE Development Engineers Ltd bags Rs 387 crore contract from Bharat Petroleum
📝 India has 76 days of fuel reserves, oil supplies secure: Hardeep Singh Puri
*Mint :*
📝 Lupin Collaborates with ERN For Luforbec pMDI Launch In Spain
📝 Urban Company bets on micro-market densification to grow 2x faster than industry
📝 India bans potential carcinogen, chlorine bleaching; sets first tea bag norms
📝 SEBI, RBI working to launch derivatives on corporate bond indices
📝 Carlsberg to file draft papers for $700 million India IPO soon: Report
📝 Treasuries Drop as Jobs Data, Iran Tensions Fuel Rate Hike Bets
📝 Luxury beauty becomes daily indulgence, lifting Shoppers Stop’s distribution arm
📝 Sensodyne maker Haleon to invest £175 mn in first manufacturing plant in India
📝 IndiGo eyes global aviation leadership with 550-aircraft fleet
By: via 🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
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