Namaste !!
• India Coal Giant Seeks Fresh Imports to Fill Supply Gap
• India’s Factory Output Expands to Eight-Month High in April
o April Industrial Production Rises 7.1% Y/y, Est. +5.0%
• Record India Power Demand Stokes Concern of Blackouts Rebounding
• Banker to 467 Million Indians Says Loan Demand Is Bouncing Back
• Saudis Cut Oil Flows to China While Meeting Other Requests
• SEBI Cautions Against Unregulated Algorithmic Trading Platforms
• India Outlook to Stable by Fitch; IDR Rating Affirmed (1)
• India Court to Give Verdict Monday on Amazon Plea Against CCI
o NCLAT verdict on CCI order on Amazon-Future deal
• India’s RBI Names Subramaniakumar as RBL Bank Head for 3 Years
• India’s FX Reserves Fall $306M to $601.1b in Week to June 3
• SUPERTANKER TRACKER: US-Bound Ships at 6-Week High; India Drops
• India Exim Bank Extends $55m to Sri Lanka for Fertilizer Import
• Global Funds Sell Net INR39.7B of India Stocks Friday: NSE
o Domestic funds buy net 28.3b rupees of stocks
• Foreign Investors Sell Net INR14B of Indian Equities on Thursday
• Foreigners Buy Net INR8.93B of Indian Equity Derivatives Friday
• Maintaining good relationship meets interests of both India and China: Chinese Defence Minister: PTI
• Govt loses challenge to $111M arbitration award in dispute with Reliance/Shell: PTI
• Sonia admitted to hospital due to post-Covid issues: PTI
• Delhi HC to pronounce verdict on Monday on plea for hate speech FIR against BJP leaders: PTI
• 5:30pm: India May Consumer Price Inflation y/y; est. 7.10%, prior 7.79%
• Rupee Slips to New Record Amid a Drop in Equities: Inside India
• Aban Offshore (ABAN): To sell rig driller to ADNOC Drilling Co. for INR2.18b
• Bajaj Auto (BJAUT): Bajaj Auto Rolls Out First Electric Scooter From Plant in Pune; Chetak Tech, Vendor Partners to Invest INR7.5B in EV Plant
• Berger Paints (BRGR): Says 1 contractual employee dies in Howrah fire
• Bank of Baroda (BOB): Raises MCLR Lending Rate 10-20 BPS Across Tenors
• Coal India (COAL): Floats Two E-Tenders of 3 Millions Tons Each to Import Coal From Abroad; M/T Tenders Have Option to Raise Bid Qty by 100%
• GlaxoSmithKline Pharma (GLXO): Board recommends dividend INR90/share
• Hindustan Zinc (HZ): DIPAM Secy says to sell residual stake in HZ in tranche
• IDBI Bank (IDBI): Expression of Int for IDBI sale may come by July
• IIFL Finance (IIFL): CDC Group PLC sells 9.19m shares of IIFL; Max Life Insurance buy 2.46m and Nomura India Inv. buy 4.47m shares of IIFL: NSE deal; CDC Group sells 6.81m share of IIFL: BSE Deal
• Laurus Labs (LAURUS): To Spend Up to 10% Profit on Disruptive Technologies
• Life Insurance Corp (LICI): LIC Loses 25% Since IPO as Anchor Investors’ Lock- In Ends
• Vedanta (VEDL): Enter pact with Liberia for 3 iron ore mining concessions
By: via @AlliesFin Serve Stock Market
