Nasmaste !!
• India’s Efforts to Protect Environment Multi-Dimensional: Modi
o Meets 10% ethanol blending 5-months before deadline
o High ethanol blending in petrol saved INR410b Fx reserve
• India Targets 138.28m Tons Coal Production from 58 Coal Blocks
o India sees operationalization of 58 coal blocks in FY23
• India Reports Biggest Jump in Covid Cases in Three Months (1)
o Mumbai saw 231% surge in hospitalizations in May over April
• India Seeks Kazakhstan’s Help to Convince OPEC+ to Produce More
• Singapore Raises Concerns on Tata’s Acquisition of Air India
• India’s Wheat Export Ban Was Crucial for Food Security: Minister
• India Coffee Crop to Increase on Early Rain, Mexico Stable: USDA
• India’s FX Reserves Rise $3.85b to $601.4b in Week to May 27
• RBI Sold INR28.3B of Bonds in Sec. Market in Week to May 27
• Fighting Child Marriage Is Key to Rebuilding India’s Economy
• SEBI Fines IIFL Dealer, Associate in Front-Running Case
• India Stocks Post Weekly Gain; RBI Rate Action, Outlook in Focus
• Global Funds Sell Net INR37.7B of India Stocks Friday: NSE
o Domestic funds buy net 23.6b rupees of stocks
• Foreign Investors Sell Net INR5.71B of India Equities Thursday
• Foreigners Buy Net INR73.7B of Indian Equity Derivatives Friday
• Largest delegation of UK varsities, edu leaders to visit India: PTI
• Sun Pharma to expand field force in India by 10% this fiscal: PTI
• RBI Monetary Policy Committee meeting starts June 6; decision to be announced June 8
• Adani Transmission (ADANIT): To Buy Essar Mahan-Sipat Project for $247M EV
• Gayatri Projects (GAYP): Defaults on principal, interest payment on loan
• Ind-Swift (INSW): Launches Cardio, Diabetic, Antibiotic Drugs in Quatar
• Lupin (LPC): Avion, Balchem Unit Sue Lupin to Block Birth-Control Pill Copies
• Man Infraconstruction (MINF): In Jv. pact to develope Florida Luxury Condominium
• NTPC (NTPC): NTPC, Mecon Accord for Consultancy, Project Management Services
• Poonawalla Fincorp (POONAWAL): SEBI revokes orders against Poonawalla Fincorp MD Abhay Bhutada
• Punjab & Sind Bank (PJSB): RBI imposes INR2.75m monetary penalty on PJSB
• Reliance Infrastructure (RELI): Approves raising up to $500m via private placement of foreign currency bonds
• Tata Power (TPWR): Tata Power Launches Smart Home Automation Energy Solutions
By: via @AlliesFin Serve Stock Market
