Namaste !!
• India Fuel Tax Cut Helps Cool Worsening Price Expectations
• India Coal Production Jumps 34% Y/y in May: Ministry
• India Raises Minimum Purchase Prices of Monsoon-Sown Crops
• India RBI Signals More Rate Hikes to Come in Inflation Fight (2)
o RBI sees inflation above 6% tolerance level for three qtrs
• India Committed to Maintain Stable Prices of Sugar Locally: PIB
• Sugar Group Revises India’s Output Forecast to Record 36M Tons
• Air Products Gets log- term supply contract for Indian Oil Corp.
• India Stocks Drop After RBI Flags More Rate Hikes to Curb Prices
• Global Funds Sell Net INR24.8B of India Stocks Wednesday: NSE
o Domestic funds buy net 19b rupees of stocks
• Foreign Investors Sell Net INR22.4B of India Equities on Tuesday
• Foreigners Sell Net INR57.9B Indian Equity Derivatives Wednesday
• Rosneft Holds Back on New Oil Deals With Two Indian Firms: Rtrs
• Exports rises 24.18% to USD 9.4 billion during June 1-7: PTI
• Bank of India (BOI): Ups repo-based lending rate to 7.75% from 7.25%
• Deepak Nitrite (DN): Says Fire damaged part of Sodium ; all other facilities safe in Nandesari fire
• Future Retail (FRETAIL): IDBI Trusteeship sold 18.62m shares of Future Retail at 7.35 rupees each: NSE Bulk Deal
• IL&FS Transportation (ILFT): Says unit enters into settlement pact with NHAI; to get INR7.36b on hand over Khed project to NHAI
• Punjab National Bank (PNB): To raise repo linked lending rate to 7.40%
• Tata Power (TPWR): Commissions 450mwdc project for Brookfield Renewable
• Wipro (WPRO): Co and ServiceNow to help modernize Petrobras IT Infrastructure
By: via @AlliesFin Serve Stock Market
