· Bajaj Finance - With inflation concerns looming large, the Reserve Bank of India hiked repo rate by 90 basis points to 4.9% in a short span of around two months. The interest rate on 12-23 months cumulative FD will go up from 5.75% to 6.2%. Bajaj Finance FDs are rated AAA/Stable by CRISIL, and AAA (Stable) by ICRA.- Positive
· Reliance Brands on Thursday announced its entry into the food and beverage space through a long-term master franchise partnership with UK-based fresh food and organic coffee chain Pret A Manger. It has entered into a strategic partnership with Pret A Manger to launch and build the brand in India and plans to open the food chain outlets across the country starting with major cities and travel hubs, said a joint statement. Started in London in 1986, Pret A Manger now operates around 550 shops in countries, including the UK, US, Hong Kong, France, Dubai, Switzerland, Brussels, Singapore and Germany. – positive.
· Bharti Airtel defers Rs 3,000 crore FY18, FY19 AGR dues for 4 years – positive
· Federal Bank opens 10 new branches in a single day
· MTAR Tech wins $22.12mn orders in clean energy segment – positive
· Maruti - India's number one car company Maruti Suzuki has come out with its latest offering the Maruti Suzuki Brezza. The car has been launched on June 30 – positive
· Google cleared to buy 1.28% stake in Bharti Airtel - The global technology giant will invest up to $1 billion in the telecom service provider through a mix of equity and commercial partnerships in areas like affordable smartpnones, networks, and cloud.- positive
· Lupin has received approval from the United States Food and Drug Administration (FDA) to market Paliperidone Extended-Release Tablets in the American market.
· TCS to announce Q1 results on July 8, 2022
· Zydus Lifesciences gets final approval from U.S. FDA to market Lacosamide injection USP, 200 mg/20 mL single-dose vials. The drug is used to treat partial-onset seizures and primary generalised tonic-clonic seizures. The growth, which has market size of $50 million according to IQVIA – positive
· Bosch opened its 76-acre new smart campus Spark.NXT, which can house 10,000 employees, in Bengaluru. The technology and services supplier has invested Rs 800 crore over the last five years in developing the campus that features multiple smart solutions based on security, sustainability and user experience.- positive
· Devyani International announced the launch of its 1000th outset with the opening of the newest Pizza Hut at Sion, Mumbai. The quick-service restaurant operator, that operates across India, Nigeria and Nepal aims to build 1,000 more outlets in the next four to five years.- positive
· Westlife Development - McDonald's announced the launch of its first all-women drive-thru restaurant in Ekta Nagar, Gujarat. This new restaurant, operated by Westlife Development, McDonald's India's franchise partner, is located in the vicinity of the Statue of Unity. With this launch, Westlife now operates 45 McDonald's restaurants in Gujarat.- positive
· Kitchen appliance company TTK Prestige completed its long-term settlement with workers at its Uttarakhand, India. The settlement provides for improved productivity comparable with the increased beneifts given to the workers. - Positive
· Ahluwalia Contracts secured the new order worth Rs 209 crore from DC Development Noida for the construction of Adani Connex Data Centers in the city. - positive
· SBI Card partners with Aditya Birla Finance on Credit Card – positive
· Highway developers and infrastructure companies FOCUS after Prime Minister Narendra Modi’s party is seen returning to power in Maharashtra, the richest state in the country and also home to financial capital Mumbai.- Expects positive for L&T, PNC Infra, NCC, GR Infra, Ashoka Buildocn.
By: via @AlliesFin Serve Stock Market
