• Crypto Exchanges Hunker Down as Everything Goes Wrong in India
o A 1% tax on crypto transactions takes effect on July 1
• India to Double Capacity for Washing Coking Coal to Cut Imports
• Egypt Signed Deal With India for 180k Tons of Wheat: Minister
• RBI Extends Card Tokenization Deadline by 3 Months to Sept. 30
• Akasa Expects Test Flight Next Week, Eyes July Commercial Start
o India’s newest airline should start selling tickets shortly
• Ant-Backed Zomato to Buy Blink Stake in $568 Million Deal (1)
o India’s Zomato to retain separate brand, app for Blinkit
• Emaar Says Issue Resolved After Reports CEO Detained in India
• Rupee Under Pressure on Likely Dollar Shortage in Market: Mizuho
• Stocks Climb, Inflation for 2022 May Have Peaked: Macro Squawk
• India’s FX Reserves Fall $5.9B to $590.6b in Week to June 17
o India Official Reserves Drop to Lowest Since May 2021
• Global Funds Sell Net INR23.5B India Stocks on Friday: NSE
o Domestic funds buy net 22.1b rupees of stocks
• Foreign Investors Sell Net INR20.1B of Indian Equities Thursday
• Foreigners Buy Net INR10.1B of Indian Equity Derivatives Friday
• Bangladesh Unveils Bridge Shunned by World Bank a Decade Ago
• Capping Russian Oil Prices Is Pure Fantasy: Julian Lee
• G-7 and NATO Summits; Xi’s Speech: Week Ahead June 25-July 1
o ECB Forum in Portugal; Wimbledon, Tour de France kick off
• Govt to invite bids for power from 8,000 MW thermal capacities without PPAs: PTI
• Ola Ends Used-Car, Food Delivery Divisions to Focus on EVs: ET
• Cipla (CIPLA): Co., Macleods HIV Child Treatments Approved in South Africa
• Dish TV India (DITV): Says Jawahar Lal Goel vacates MD office after votes by shareholders at EGM
• Dr Reddy’s (DRRD): DR Reddy’s Buys Injectable Product Portfolio From Eton Pharma; to Pay $5M Upfront, up to $45M Contingent; Indivior, Aquestive Therapeutics Agrees Settlement W/ Dr Reddy’s
• Indian Overseas Bank (IOB): RBI Imposes Penalty of INR5.75M on IOB for non- compliance
• L&T Finance Holdings (LTFH): Says unit Gets NBFC Registration Certificate
• Welspun Corp (WLCO): Wins orders worth 6b rupees from India, U.S.A. across the Oil & Gas and Water sector
• Zomato (ZOMATO): To Buy Blink Commerce Stake in $568 Million Deal
By: via @AlliesFin Serve Stock Market
