FNO BAN STK 01-JULY.(OI%)
INDIACEM 132
INDUSTOWER 97
Eq price Band Chang 01-07-2024
Sr. No Symbol Series From To
1 BRIGHT SZ 10 5
2 ASTRON BE 2 5
3 BANKA BE 2 5
4 BGRENERGY BE 2 5
5 BRNL BE 2 5
6 DHRUV BE 2 5
7 GATECH BE 2 5
8 GLFL BE 2 5
9 GOKUL BE 2 5
10 GOYALALUM BE 2 5
11 GTECJAINX BE 2 5
12 ICDSLTD BE 2 5
13 LATTEYS BE 2 5
14 MADHAV BE 2 5
15 MALUPAPER BE 2 5
16 MANAKSTEEL BE 2 5
17 MKPL BE 2 5
18 MOKSH BE 2 5
19 NARMADA BE 2 5
20 PRAKASHSTL BE 2 5
21 SECURKLOUD BE 2 5
22 SHREERAMA BE 2 5
23 SUPREMEINF BZ 2 5
24 VASWANI BE 2 5
25 VIVIDHA BE 2 5
26 DCG SM 20 10
27 KRISHCA SM 20 10
28 OCCL BE 20 5
29 TRIGYN BE 20 5
30 WEIZMANIND BE 20 5
31 KSHITI-RE BE 40 20
32 RAJMET EQ 5 10
33 TATAINVEST EQ 5 20
34 WOCKPHARMA EQ 5 20
35 MELSTAR BZ 2 5
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Saturday, 29 June 2024
Friday, 28 June 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
*News Headlines from Business News Agencies:*
*Business Standard*
Govt to give 5-yr extension for export credit scheme amid economic slowdown
Realtors expand portfolios, boost investments on strong demand in FY25
Govt securities to be included in JP Morgan Bond Index from June 28
Crude prices may remain higher at $85-100 in short term: S&P Global
CtrlS to invest Rs 2,200 crore in Kolkata data centre campus in phases
EU top court rejects drugmaker Servier appeal against EU antitrust fine
UP govt builds 4.8 MT of fertiliser inventory; to cover 84% of demand
Industrial sector in Rajasthan fears output slump after power cut order
H&M sinks on doubts about margin target, June sale drop due to bad weather
Truecaller, HDFC ERGO tie up for insurance product to safeguard subscribers
GST suppliers giving discounts must ensure undertaking from client: CBIC
Tata Group retains top spot as India's most valuable brand at $28.6 billion
*Economic Times*
Dialog acquires 100% in Airtel Lanka via share swap deal
India to enter into bilateral Rupee swap agreements with SAARC countries: RBI
RBI cautions against surge in private credit between corporates and non-banks
Fintech lenders have high delinquency levels in small value loans says RBI
US sanctions Boeing for sharing information about 737 Max 9 investigation
Delta Exchange launches India platform for crypto futures & options trading
London PE Finnest takes majority stake in cloud kitchen firm Kitchens@ with $160 million investment
Cooper Corp, Sinfonia Tech join hands to introduce LPG gensets in India, Japan, ASEAN countries
Emkay Investment Managers launches Emkay Capital Builder Fund AIF
Indian banks' gross NPA ratio at multi-year low of 2.8%, net NPA down to 0.6% in FY24: RBI Fin Stability Report
Serentica seeks partners for supply of 800 MWh battery energy storage systems
*Mint*
SEBI mandates NRI corpus contribution below 25% in new registration rule for FPI
Govt sanctions ₹700 crore for setting up pharma and med tech centres
India's Q1 housing sales rise 5% annually to 1.2 lakh units; demand dips 8%
Brigade Enterprises launches residential project in Bengaluru
Goldman Sachs deploys its first generative AI tool across the firm
Bain Capital-backed Emcure Pharma to float IPO on July 3
Promoters go on an encashment spree, raise ₹62,000 cr via stake sales in 2024
Tariff hikes next on agenda for telcos after auctions
MapmyIndia aims for ₹1,000 cr of revenue by FY27 but faces speed bumps galore
Yes Bank fires 500 staff, undertaking reconstruction, says report
Nvidia AGM: Shareholders approve CEO Jensen Huang's $34 million pay package.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*Business Standard*
Govt to give 5-yr extension for export credit scheme amid economic slowdown
Realtors expand portfolios, boost investments on strong demand in FY25
Govt securities to be included in JP Morgan Bond Index from June 28
Crude prices may remain higher at $85-100 in short term: S&P Global
CtrlS to invest Rs 2,200 crore in Kolkata data centre campus in phases
EU top court rejects drugmaker Servier appeal against EU antitrust fine
UP govt builds 4.8 MT of fertiliser inventory; to cover 84% of demand
Industrial sector in Rajasthan fears output slump after power cut order
H&M sinks on doubts about margin target, June sale drop due to bad weather
Truecaller, HDFC ERGO tie up for insurance product to safeguard subscribers
GST suppliers giving discounts must ensure undertaking from client: CBIC
Tata Group retains top spot as India's most valuable brand at $28.6 billion
*Economic Times*
Dialog acquires 100% in Airtel Lanka via share swap deal
India to enter into bilateral Rupee swap agreements with SAARC countries: RBI
RBI cautions against surge in private credit between corporates and non-banks
Fintech lenders have high delinquency levels in small value loans says RBI
US sanctions Boeing for sharing information about 737 Max 9 investigation
Delta Exchange launches India platform for crypto futures & options trading
London PE Finnest takes majority stake in cloud kitchen firm Kitchens@ with $160 million investment
Cooper Corp, Sinfonia Tech join hands to introduce LPG gensets in India, Japan, ASEAN countries
Emkay Investment Managers launches Emkay Capital Builder Fund AIF
Indian banks' gross NPA ratio at multi-year low of 2.8%, net NPA down to 0.6% in FY24: RBI Fin Stability Report
Serentica seeks partners for supply of 800 MWh battery energy storage systems
*Mint*
SEBI mandates NRI corpus contribution below 25% in new registration rule for FPI
Govt sanctions ₹700 crore for setting up pharma and med tech centres
India's Q1 housing sales rise 5% annually to 1.2 lakh units; demand dips 8%
Brigade Enterprises launches residential project in Bengaluru
Goldman Sachs deploys its first generative AI tool across the firm
Bain Capital-backed Emcure Pharma to float IPO on July 3
Promoters go on an encashment spree, raise ₹62,000 cr via stake sales in 2024
Tariff hikes next on agenda for telcos after auctions
MapmyIndia aims for ₹1,000 cr of revenue by FY27 but faces speed bumps galore
Yes Bank fires 500 staff, undertaking reconstruction, says report
Nvidia AGM: Shareholders approve CEO Jensen Huang's $34 million pay package.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
India Daybook Stocks in News
*Brigade Enterprises:* Company launches 6-tower residential project in Yelahanka, Bengaluru. (Positive)
*Jubilant Ingrevia:* Company successfully receives establishment inspection report (EIR) from USFDA concluded with zero 483 inspectional observation. (Positive)
*INFOSYS:* QORUS and Infosys Finacle Collaborate To Recognize Banking Innovation Initiatives Worldwide (Positive)
*Navkar Corporation:* JSW Infra’s arm JSW Port Logistics to acquire majority stake of Navkar Corporation (Positive)
*Bajaj Auto:* Company starts production at first overseas manufacturing plant in Brazil, even as exports slumped. (Positive)
*Ambuja Cements:* Adani Group firm Ambuja Cements said its board of directors approved the merger with Adani Cementation Ltd with the company. (Positive)
*TVS Motor:* Company incorporates wholly-owned subsidiary in Dubai, UAE. (Positive)
*Sahmi Hotels:* GTI Capital Alpha likely to sell 3% stake in Samhi Hotels via block deals, sources (Positive)
*BHEL:* Company has bagged the Rs 13,300 crore order to set up a 1600 MW thermal power plant in Koderma in Jharkhand from Damodar Valley Corporation (DVC). (Positive)
*Bharti Airtel:* Company’s Nxtra has joined the RE100 initiative led by Climate Group in partnership with CDP. (Positive)
*Tega Industries:* Company unit entered into contract as consortium member with NMDC Ltd. (Positive)
*Reliance Ind:* Jio announces an increase in tariffs in the range of 12-25% (Positive)
*Swan Energy:* Company Says Pre - Payment of Rupees 300 Cr Debt for Its Floating Storage and Regasification Unit (Fsru) Project. (Positive)
*HCL tech:* Company announced 0.46% of equity at discount of 2.75% to closing price (Neutral)
*RBL Bank:* Board approves fund raising up to ₹3,500 crore via QIPs in one or more tranches via debt securities (Neutral)
*AU Small Finance Bank:* To raise funds up to ₹5,000 crore via QIP & other modes. (Neutral)
*Ambuja Cements:* Board approves merger of Adani Cementation with the company. (Neutral)
*Raymond:* Re-appoints Gautam Hari Singhania as MD of the company (Neutral)
*AU Small Finance:* Board will consider the proposal of raising funds by issue of equity shares. (Neutral)
*BPCL:* NCLT approves BPCL's subsidiary's offer for acquisition of Videocon Energy Brazil for up to $270 million (Neutral)
*Sagar Cements:* Company re-appoints S Anand Reddy as Managing Director & S Sreekanth Reddy as Joint Managing Director of the Company for a period of three (3) years. (Neutral)
*NBCC:* Company Approved Appointment of Saleem Ahmad as Chief Financial Officer. (Neutral)
*Polycab:* Promoters to sell upto 2.04% stake via block deal (Neutral)
*Vedanta:* Company raises Rs 2,500 crore via NCDs (Neutral)
*Yes Bank:* Executes one-time-settlement in one of its stressed loan exposures. (Neutral)
*Wipo:* Company units Designit North America and Wipro Design it Services complete merger effective July 1. (Neutral)
*RVNL:* Company incorporates subsidiary RVNL Middle East Contracting in Dubai (Neutral)
*IPCA Lab:* EU Court upholds Rs 126 crore fine imposed on IPCA Labs' subsidiary, Unichem Laboratories. (Neutral)
*Asian Paints:* Company’s Singapore unit completes acquisition of 23.4% stake in Egypt's SCIB Chemicals for Rs 34 crore. (Neutral)
*India Cement:* UltraTech Cement bought 7.05 cr shares at Rs 267.74/sh (Neutral)
*Mahindra Lifespace:* Board Meeting On July 24 To Consider Q1 Results. (Neutral)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*Brigade Enterprises:* Company launches 6-tower residential project in Yelahanka, Bengaluru. (Positive)
*Jubilant Ingrevia:* Company successfully receives establishment inspection report (EIR) from USFDA concluded with zero 483 inspectional observation. (Positive)
*INFOSYS:* QORUS and Infosys Finacle Collaborate To Recognize Banking Innovation Initiatives Worldwide (Positive)
*Navkar Corporation:* JSW Infra’s arm JSW Port Logistics to acquire majority stake of Navkar Corporation (Positive)
*Bajaj Auto:* Company starts production at first overseas manufacturing plant in Brazil, even as exports slumped. (Positive)
*Ambuja Cements:* Adani Group firm Ambuja Cements said its board of directors approved the merger with Adani Cementation Ltd with the company. (Positive)
*TVS Motor:* Company incorporates wholly-owned subsidiary in Dubai, UAE. (Positive)
*Sahmi Hotels:* GTI Capital Alpha likely to sell 3% stake in Samhi Hotels via block deals, sources (Positive)
*BHEL:* Company has bagged the Rs 13,300 crore order to set up a 1600 MW thermal power plant in Koderma in Jharkhand from Damodar Valley Corporation (DVC). (Positive)
*Bharti Airtel:* Company’s Nxtra has joined the RE100 initiative led by Climate Group in partnership with CDP. (Positive)
*Tega Industries:* Company unit entered into contract as consortium member with NMDC Ltd. (Positive)
*Reliance Ind:* Jio announces an increase in tariffs in the range of 12-25% (Positive)
*Swan Energy:* Company Says Pre - Payment of Rupees 300 Cr Debt for Its Floating Storage and Regasification Unit (Fsru) Project. (Positive)
*HCL tech:* Company announced 0.46% of equity at discount of 2.75% to closing price (Neutral)
*RBL Bank:* Board approves fund raising up to ₹3,500 crore via QIPs in one or more tranches via debt securities (Neutral)
*AU Small Finance Bank:* To raise funds up to ₹5,000 crore via QIP & other modes. (Neutral)
*Ambuja Cements:* Board approves merger of Adani Cementation with the company. (Neutral)
*Raymond:* Re-appoints Gautam Hari Singhania as MD of the company (Neutral)
*AU Small Finance:* Board will consider the proposal of raising funds by issue of equity shares. (Neutral)
*BPCL:* NCLT approves BPCL's subsidiary's offer for acquisition of Videocon Energy Brazil for up to $270 million (Neutral)
*Sagar Cements:* Company re-appoints S Anand Reddy as Managing Director & S Sreekanth Reddy as Joint Managing Director of the Company for a period of three (3) years. (Neutral)
*NBCC:* Company Approved Appointment of Saleem Ahmad as Chief Financial Officer. (Neutral)
*Polycab:* Promoters to sell upto 2.04% stake via block deal (Neutral)
*Vedanta:* Company raises Rs 2,500 crore via NCDs (Neutral)
*Yes Bank:* Executes one-time-settlement in one of its stressed loan exposures. (Neutral)
*Wipo:* Company units Designit North America and Wipro Design it Services complete merger effective July 1. (Neutral)
*RVNL:* Company incorporates subsidiary RVNL Middle East Contracting in Dubai (Neutral)
*IPCA Lab:* EU Court upholds Rs 126 crore fine imposed on IPCA Labs' subsidiary, Unichem Laboratories. (Neutral)
*Asian Paints:* Company’s Singapore unit completes acquisition of 23.4% stake in Egypt's SCIB Chemicals for Rs 34 crore. (Neutral)
*India Cement:* UltraTech Cement bought 7.05 cr shares at Rs 267.74/sh (Neutral)
*Mahindra Lifespace:* Board Meeting On July 24 To Consider Q1 Results. (Neutral)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
Ambition is the first step to success. The second is action...
Axit
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Axit
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
*GIFT Nifty +77 pts (23182) from last trade 24105 ,*
Nikkei +425 pts ,
Hangseng -133 pts ,
Now @6.53am .
Dow +36.26 pts ,Nsdq +55.53 pts, S&P
+4.97 pts , Bovespa +1666 pts , Ftse -45 pts , Dax +55 pts , Cac -78 pts , Crude @ $80.67 brl (-0.23), Brent @ $88.51 brl (+0.01) , Gold @ 2337.80 (+1.20), Silver $28.95 (+0.03), Euro @ $1.0706, JPY @ $160.72, INR @ 83.455
*Today's Corporate Action*
*28th June Ex Date*
AEROFLEX
Final Dividend - Rs. - 0.2500
ANDHRAPET
Dividend - Rs. - 2.0000
AVONMORE
Stock Split From Rs.10/- to Rs.1/-
BAJAJHLDNG
Final Dividend - Rs. - 21.00003
BANKBARODA
Dividend - Rs. - 7.6000
DBOL
Final Dividend - Rs. - 2.5000
GICHSGFIN
Final Dividend - Rs. - 4.5000
GPIL
Buy Back of Shares
INDUSINDBK
Final Dividend - Rs. - 16.5000fwog
KPIL
Final Dividend - Rs. - 8.0000
KSOLVES
Interim Dividend - Rs. - 8.0000
MAHSCOOTER
Final Dividend - Rs. - 60.0000
MAWANASUG
Final Dividend - Rs. - 4.0000
NAM-INDIA
Final Dividend - Rs. - 11.0000
RECLTD
Final Dividend - Rs. - 5.0000
RPGLIFE
Final Dividend - Rs. - 16.0000
SWARAJENG
Final Dividend - Rs. - 95.0000
SYNGENE
Final Dividend - Rs. - 1.2500
VAIBHAVGBL
Final Dividend - Rs. - 1.5000
WELCORP
Final Dividend - Rs. - 5.0000
*Today's Key Results/Board Meetings*
*28-Jun-24*
ALEXANDER
A.G.M.
CENLUB
General
KACL
General
KRONOX
Audited Results
LCCINFOTEC
General
RATNAVEER
Increase in Authorised Capital;Preferential Issue of shares;Issue Of Warrants
RRETAIL
General
*Stock under F&O ban on NSE*
*28-Jun-24*
None
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Nikkei +425 pts ,
Hangseng -133 pts ,
Now @6.53am .
Dow +36.26 pts ,Nsdq +55.53 pts, S&P
+4.97 pts , Bovespa +1666 pts , Ftse -45 pts , Dax +55 pts , Cac -78 pts , Crude @ $80.67 brl (-0.23), Brent @ $88.51 brl (+0.01) , Gold @ 2337.80 (+1.20), Silver $28.95 (+0.03), Euro @ $1.0706, JPY @ $160.72, INR @ 83.455
*Today's Corporate Action*
*28th June Ex Date*
AEROFLEX
Final Dividend - Rs. - 0.2500
ANDHRAPET
Dividend - Rs. - 2.0000
AVONMORE
Stock Split From Rs.10/- to Rs.1/-
BAJAJHLDNG
Final Dividend - Rs. - 21.00003
BANKBARODA
Dividend - Rs. - 7.6000
DBOL
Final Dividend - Rs. - 2.5000
GICHSGFIN
Final Dividend - Rs. - 4.5000
GPIL
Buy Back of Shares
INDUSINDBK
Final Dividend - Rs. - 16.5000fwog
KPIL
Final Dividend - Rs. - 8.0000
KSOLVES
Interim Dividend - Rs. - 8.0000
MAHSCOOTER
Final Dividend - Rs. - 60.0000
MAWANASUG
Final Dividend - Rs. - 4.0000
NAM-INDIA
Final Dividend - Rs. - 11.0000
RECLTD
Final Dividend - Rs. - 5.0000
RPGLIFE
Final Dividend - Rs. - 16.0000
SWARAJENG
Final Dividend - Rs. - 95.0000
SYNGENE
Final Dividend - Rs. - 1.2500
VAIBHAVGBL
Final Dividend - Rs. - 1.5000
WELCORP
Final Dividend - Rs. - 5.0000
*Today's Key Results/Board Meetings*
*28-Jun-24*
ALEXANDER
A.G.M.
CENLUB
General
KACL
General
KRONOX
Audited Results
LCCINFOTEC
General
RATNAVEER
Increase in Authorised Capital;Preferential Issue of shares;Issue Of Warrants
RRETAIL
General
*Stock under F&O ban on NSE*
*28-Jun-24*
None
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Thursday, 27 June 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
The Federal Reserve announced that the largest U.S. banks can withstand a severe recession while lending to consumers and corporations. A Boeing 787 Dreamliner mechanic reported "substandard practices," facing retaliation. The SEC is cracking down on companies overstating AI use. Volkswagen plans a $5 billion investment in Rivian. Amazon's market cap surpassed $2 trillion. Qatar Airways is in talks to buy 20% of Virgin Australia. Bosch considers bidding for Whirlpool. All this and more on this edition of World Street.
Banks A-OK
The Federal Reserve announced Wednesday that the largest banks operating in the U.S. could endure a severe recession scenario while continuing to lend to consumers and corporations.
All 31 banks in this year's regulatory test surpassed the threshold of absorbing losses while maintaining above the minimum required capital levels, according to the Fed's statement.
Dreamliner Drama
A subcontractor mechanic who worked on Boeing Co.'s 787 Dreamliner claims he faced retaliation after raising concerns about the work he observed on the plane.
According to a statement from his attorneys, Richard Cuevas reported "substandard manufacturing and maintenance practices" on the 787's forward pressure bulkhead, a critical component for maintaining cabin pressure.
SEC Smackdown
A series of recent U.S. enforcement actions likely marks the start of a broader crackdown on companies exaggerating their use of artificial intelligence to investors.
Since March, the Securities and Exchange Commission (SEC) has accused three companies of "AI washing," or misrepresenting their use of machine learning and related tools. These actions follow multiple warnings from SEC Chair Gary Gensler and the agency’s top enforcement attorney about misleading statements regarding the technology.
Investment Ignition
Volkswagen Group plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial $1 billion investment. An additional $4 billion is expected by 2026, with $1 billion planned for both 2025 and 2026, and another $2 billion in 2026 for a joint venture to develop electrical architecture and software technology.
Rivian's shares soared more than 50% in after-hours trading following the announcement.
Amazon Ascends
Amazon's market capitalization surpassed $2 trillion for the first time, joining the ranks of tech giants like Apple and Microsoft. The surge in megacap tech stocks has been fueled by investor excitement around generative AI.
Amazon’s stock has risen 26 percent this year, outpacing the Nasdaq’s 18 percent rise. Additionally, CNBC reported that Amazon is planning to launch a discount store to compete with Temu and Shein.
Qatar Quest
Qatar Airways is in discussions to acquire approximately 20 percent of Virgin Australia Airlines Pty. Negotiations between Qatar Airways and Virgin Australia’s owner, Bain Capital, may take some time to finalize and could still fall through, reported Bloomberg, citing sources.
Any investment by Qatar Airways would need approval from the Australian government. This deal would provide the Gulf carrier access to a market where its expansion plans were thwarted by the government last year
Hong Kong Haul
Chinese tourists will soon be permitted significantly more duty-free shopping in Hong Kong, as Beijing plans to increase the purchasing limit by up to sixfold to stimulate the city’s sluggish retail sector, according to a newspaper report.
The Chinese government is expected to announce the measure soon, raising the duty-free shopping quota from the current cap of 5,000 yuan to just under 30,000 yuan ($4,128), according to Ming Pao, which cited unnamed sources.
Appliance Alliance
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Banks A-OK
The Federal Reserve announced Wednesday that the largest banks operating in the U.S. could endure a severe recession scenario while continuing to lend to consumers and corporations.
All 31 banks in this year's regulatory test surpassed the threshold of absorbing losses while maintaining above the minimum required capital levels, according to the Fed's statement.
Dreamliner Drama
A subcontractor mechanic who worked on Boeing Co.'s 787 Dreamliner claims he faced retaliation after raising concerns about the work he observed on the plane.
According to a statement from his attorneys, Richard Cuevas reported "substandard manufacturing and maintenance practices" on the 787's forward pressure bulkhead, a critical component for maintaining cabin pressure.
SEC Smackdown
A series of recent U.S. enforcement actions likely marks the start of a broader crackdown on companies exaggerating their use of artificial intelligence to investors.
Since March, the Securities and Exchange Commission (SEC) has accused three companies of "AI washing," or misrepresenting their use of machine learning and related tools. These actions follow multiple warnings from SEC Chair Gary Gensler and the agency’s top enforcement attorney about misleading statements regarding the technology.
Investment Ignition
Volkswagen Group plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial $1 billion investment. An additional $4 billion is expected by 2026, with $1 billion planned for both 2025 and 2026, and another $2 billion in 2026 for a joint venture to develop electrical architecture and software technology.
Rivian's shares soared more than 50% in after-hours trading following the announcement.
Amazon Ascends
Amazon's market capitalization surpassed $2 trillion for the first time, joining the ranks of tech giants like Apple and Microsoft. The surge in megacap tech stocks has been fueled by investor excitement around generative AI.
Amazon’s stock has risen 26 percent this year, outpacing the Nasdaq’s 18 percent rise. Additionally, CNBC reported that Amazon is planning to launch a discount store to compete with Temu and Shein.
Qatar Quest
Qatar Airways is in discussions to acquire approximately 20 percent of Virgin Australia Airlines Pty. Negotiations between Qatar Airways and Virgin Australia’s owner, Bain Capital, may take some time to finalize and could still fall through, reported Bloomberg, citing sources.
Any investment by Qatar Airways would need approval from the Australian government. This deal would provide the Gulf carrier access to a market where its expansion plans were thwarted by the government last year
Hong Kong Haul
Chinese tourists will soon be permitted significantly more duty-free shopping in Hong Kong, as Beijing plans to increase the purchasing limit by up to sixfold to stimulate the city’s sluggish retail sector, according to a newspaper report.
The Chinese government is expected to announce the measure soon, raising the duty-free shopping quota from the current cap of 5,000 yuan to just under 30,000 yuan ($4,128), according to Ming Pao, which cited unnamed sources.
Appliance Alliance
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AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
India Daybook – Stocks in News
@AlliesFin
Ramky Infra: Company receipt two award totaling Rs 131.19 Crores from Power Grid. (Positive)
ITD Cementation: Company wins ₹1,080 cr marine contract (Positive)
KEC International: Company gets new orders worth Rs 1,025 crore for its T&D and cables business (Positive)
Sona Coms: Company gets certification for traction motor for electric two-wheelers under PLI-Auto scheme. (Positive)
SJVN: SJVN Green Energy signs MoU with AM Green Ammonia India. (Positive)
RVNL: Company gets letter of acceptance (LoA) for project worth ₹156.47 crore from Southern Railway (Positive)
PI INDUSTRIES: Company says acquisition of plant health care plc through pi industries management consultancies, cost of acquisition £32.78m (Positive)
UPL: Company incorporates new subsidiary in Mauritius to carry out agro-chemicals business in the country: Exchange filing (Positive)
Union Bank of India: SANY India teams up with Bank to offer financing solutions. (Positive)
JSW Energy: Company signs PPA for 1325 MW renewable projects. (Positive)
Bajaj Finance: Company looks at entering postpaid loan business by September. (Positive)
Supreme Ind: Company received letter of acceptance from Indian Oil Corporation for project worth Rs 55 crore (Positive)
Godrej Ind: Company gets letter Jointly from Promoters That Realignment Pursuant to Family Settlement Agreement Expected to be Completed in July (Positive)
Borosil: Company will be debt-free after ₹150 crore QIP, says CEO (Positive)
Bharti Airtel: Company has acquired 97 MHz spectrum in 900 MHz, 1800 MHz and 2100MHz frequency bands for a total consideration of ₹6,857 crore (Positive)
Reliance Ind: JIO bought airwaves worth 9.74b rupees at telecom spectrum auction (Neutral)
Vodafone Idea: Company bought airwaves worth 35.1b rupees at telecom spectrum auction. (Neutral)
PTC India Finance: Company's board appoints R Balaji as MD & CEO following RBI approval. (Neutral)
AU Small Finance: Board will consider the proposal of raising funds by issue of equity shares. (Neutral)
Yes Bank: Company layoffs Lender cuts jobs as part of restructuring drive to reduce costs (Neutral)
Jubilant Ingrevia: Company appoints Varun Gupta as CFO of the company w.e.f. August 12, 2024. (Neutral)
Tata Communications: Company transfers it's identified new edged digital services business to unit Novamesh effective April 1. (Neutral)
SBI: Bank has raised Rs 10,000 crore through its fifth infrastructure bond issuance. (Neutral)
Paras: Company has appointed retired Indian Administrative Service officer UP Singh as an Independent Director on its Board. (Neutral)
Zee ENT: SEBI concedes to the writ petition filed by Subhash Chandra (Neutral)
Dr Reddy’s: Company’s Switzerland subsidiary to acquire North Star Switzerland and related portfolio from Haleon. (Neutral)
InoxGreen: Company to raise Rs 1,050 crore via preferential issue of shares. (Neutral)
* India Cements:* Company will be excluded from F&O segment after August series (Neutral)
CSB Bank: FIH Mauritius likely to sell 9.72% stake in CSB Bank via block deal, sets floor price at ₹352.4/share, sources to CNBC. (Neutral)
Ganesha Ecosphere: Company makes investment of Rs 100 crore in wholly-owned unit Ganesha Ecopet. (Neutral)
L&T: Company's engineering, procurement, and construction company is facing a deficit of 25,000–30,000 workers.
Patanjali Food: Baba Ramdev and Acharya Balkrishna got notice from Kozhikode court over advertisements relating to ayurvedic medicines of Divya Pharmacy.
Archean Chemicals: India Resurgence Fund – Scheme 1 & Scheme 2 & Piramal Natural Resources likely to sell 10.13% equity of company, sources to CNBC-TV18.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
@AlliesFin
Ramky Infra: Company receipt two award totaling Rs 131.19 Crores from Power Grid. (Positive)
ITD Cementation: Company wins ₹1,080 cr marine contract (Positive)
KEC International: Company gets new orders worth Rs 1,025 crore for its T&D and cables business (Positive)
Sona Coms: Company gets certification for traction motor for electric two-wheelers under PLI-Auto scheme. (Positive)
SJVN: SJVN Green Energy signs MoU with AM Green Ammonia India. (Positive)
RVNL: Company gets letter of acceptance (LoA) for project worth ₹156.47 crore from Southern Railway (Positive)
PI INDUSTRIES: Company says acquisition of plant health care plc through pi industries management consultancies, cost of acquisition £32.78m (Positive)
UPL: Company incorporates new subsidiary in Mauritius to carry out agro-chemicals business in the country: Exchange filing (Positive)
Union Bank of India: SANY India teams up with Bank to offer financing solutions. (Positive)
JSW Energy: Company signs PPA for 1325 MW renewable projects. (Positive)
Bajaj Finance: Company looks at entering postpaid loan business by September. (Positive)
Supreme Ind: Company received letter of acceptance from Indian Oil Corporation for project worth Rs 55 crore (Positive)
Godrej Ind: Company gets letter Jointly from Promoters That Realignment Pursuant to Family Settlement Agreement Expected to be Completed in July (Positive)
Borosil: Company will be debt-free after ₹150 crore QIP, says CEO (Positive)
Bharti Airtel: Company has acquired 97 MHz spectrum in 900 MHz, 1800 MHz and 2100MHz frequency bands for a total consideration of ₹6,857 crore (Positive)
Reliance Ind: JIO bought airwaves worth 9.74b rupees at telecom spectrum auction (Neutral)
Vodafone Idea: Company bought airwaves worth 35.1b rupees at telecom spectrum auction. (Neutral)
PTC India Finance: Company's board appoints R Balaji as MD & CEO following RBI approval. (Neutral)
AU Small Finance: Board will consider the proposal of raising funds by issue of equity shares. (Neutral)
Yes Bank: Company layoffs Lender cuts jobs as part of restructuring drive to reduce costs (Neutral)
Jubilant Ingrevia: Company appoints Varun Gupta as CFO of the company w.e.f. August 12, 2024. (Neutral)
Tata Communications: Company transfers it's identified new edged digital services business to unit Novamesh effective April 1. (Neutral)
SBI: Bank has raised Rs 10,000 crore through its fifth infrastructure bond issuance. (Neutral)
Paras: Company has appointed retired Indian Administrative Service officer UP Singh as an Independent Director on its Board. (Neutral)
Zee ENT: SEBI concedes to the writ petition filed by Subhash Chandra (Neutral)
Dr Reddy’s: Company’s Switzerland subsidiary to acquire North Star Switzerland and related portfolio from Haleon. (Neutral)
InoxGreen: Company to raise Rs 1,050 crore via preferential issue of shares. (Neutral)
* India Cements:* Company will be excluded from F&O segment after August series (Neutral)
CSB Bank: FIH Mauritius likely to sell 9.72% stake in CSB Bank via block deal, sets floor price at ₹352.4/share, sources to CNBC. (Neutral)
Ganesha Ecosphere: Company makes investment of Rs 100 crore in wholly-owned unit Ganesha Ecopet. (Neutral)
L&T: Company's engineering, procurement, and construction company is facing a deficit of 25,000–30,000 workers.
Patanjali Food: Baba Ramdev and Acharya Balkrishna got notice from Kozhikode court over advertisements relating to ayurvedic medicines of Divya Pharmacy.
Archean Chemicals: India Resurgence Fund – Scheme 1 & Scheme 2 & Piramal Natural Resources likely to sell 10.13% equity of company, sources to CNBC-TV18.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
*News Headlines from Business News Agencies:*
*Business Standard*
Sembcorp files case against Siemens Gamesa over unsettled arbitration
Hyundai to pay $40mn fee to banks advising on India IPO, 2nd biggest payday
India Energy Storage Week to witness Rs 2,000 cr investment announcements
Spectrum auction ends on Day 2 with total Rs 11,340 cr bids, officials say
Vodafone Idea in talks with Samsung to expand 4G, 5G with vRAN solutions
FY25 GDP growth may come close to 7.5%: NCAER's Monthly Economic Review
Budget should raise basic exemption to Rs 3.5 lakh under new tax regime: EY
India must add 1.7-3.6 GW data centre capacity to its 2028 target: Report
Bombay HC directs Subhash Chandra to furnish documents sought by Sebi
Govt to form Mediation Council to streamline business dispute resolution
Indian diaspora breaks record with $107 billion remittance surge in FY24
CDSCO says 52 medicines, including Paracetamol, failed quality check in May
*Economic Times*
Farm loan waivers to negatively impact banks' asset quality: Macquarie
Global tyre makers accelerate make-in-India plans, buoyed by govt's PLI scheme
Odisha govt planning to ban liquor like Gujarat and Bihar, says minister
SBI General Insurance appoints Naveen Chandra Jha as MD & CEO
Matter Motors raises Rs 82 crore from Japan Airlines & TransLink Innovation Fund
Inox Green Energy Services gets board approval to raise Rs 1,050 crore
Groww Mutual Fund files draft document with Sebi for Nifty EV & New Age Automotive FOF
SBI raises Rs 10,000 cr via bonds to fund infra projects
Juniper Green Energy secures renewable PPAs in Gujarat, Rajasthan
FHRAI seeks infra status for hotels, convention centres in pre-Budget meet
Titan Eye+ to resume expansion strategy amid growing eyewear market
*Mint*
Bharti Airtel acquires 97 MHz spectrum for ₹6,857 crore at auction
AM Naik steps down as Chairman of LTIMindtree; SN Subrahmanyan to succeed
Centre plans to restructure drug pricing committee
Relief for Byju's as France-based Teleperformance withdraws bankruptcy plea
BHP says carbon offsets remain an option on road to reducing emissions
ISRO arm NSIL signs $18-mn deal with Australia for commercial satellite launch
Kogta Financial raises $148 million from Ontario Teachers’ Pension Plan
Jubilant Ingrevia appoints Varun Gupta As CFO of the company
FMCG firms will strategically boost ad spends as demand stabilizes
Route Mobile owner Proximus Opal eyes Nasdaq listing
Tata Electronics signs tech pact with US chip firm for Dholera fabrication plant.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*Business Standard*
Sembcorp files case against Siemens Gamesa over unsettled arbitration
Hyundai to pay $40mn fee to banks advising on India IPO, 2nd biggest payday
India Energy Storage Week to witness Rs 2,000 cr investment announcements
Spectrum auction ends on Day 2 with total Rs 11,340 cr bids, officials say
Vodafone Idea in talks with Samsung to expand 4G, 5G with vRAN solutions
FY25 GDP growth may come close to 7.5%: NCAER's Monthly Economic Review
Budget should raise basic exemption to Rs 3.5 lakh under new tax regime: EY
India must add 1.7-3.6 GW data centre capacity to its 2028 target: Report
Bombay HC directs Subhash Chandra to furnish documents sought by Sebi
Govt to form Mediation Council to streamline business dispute resolution
Indian diaspora breaks record with $107 billion remittance surge in FY24
CDSCO says 52 medicines, including Paracetamol, failed quality check in May
*Economic Times*
Farm loan waivers to negatively impact banks' asset quality: Macquarie
Global tyre makers accelerate make-in-India plans, buoyed by govt's PLI scheme
Odisha govt planning to ban liquor like Gujarat and Bihar, says minister
SBI General Insurance appoints Naveen Chandra Jha as MD & CEO
Matter Motors raises Rs 82 crore from Japan Airlines & TransLink Innovation Fund
Inox Green Energy Services gets board approval to raise Rs 1,050 crore
Groww Mutual Fund files draft document with Sebi for Nifty EV & New Age Automotive FOF
SBI raises Rs 10,000 cr via bonds to fund infra projects
Juniper Green Energy secures renewable PPAs in Gujarat, Rajasthan
FHRAI seeks infra status for hotels, convention centres in pre-Budget meet
Titan Eye+ to resume expansion strategy amid growing eyewear market
*Mint*
Bharti Airtel acquires 97 MHz spectrum for ₹6,857 crore at auction
AM Naik steps down as Chairman of LTIMindtree; SN Subrahmanyan to succeed
Centre plans to restructure drug pricing committee
Relief for Byju's as France-based Teleperformance withdraws bankruptcy plea
BHP says carbon offsets remain an option on road to reducing emissions
ISRO arm NSIL signs $18-mn deal with Australia for commercial satellite launch
Kogta Financial raises $148 million from Ontario Teachers’ Pension Plan
Jubilant Ingrevia appoints Varun Gupta As CFO of the company
FMCG firms will strategically boost ad spends as demand stabilizes
Route Mobile owner Proximus Opal eyes Nasdaq listing
Tata Electronics signs tech pact with US chip firm for Dholera fabrication plant.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Wednesday, 26 June 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
RBI CHIEF DAS SAYS INDIA MOVING TOWARDS 8% ANNUAL GROWTH IN SUSTAINED MANNER SAYS STABLE INFLATION IS AT THE CORE OF LONG TERM SUSTAINABLE GROWTH
RBI CHIEF DAS SAYS CONFIDENT OF 7.2% GROWTH FOR CURRENT YEAR CURRENT GROWTH MOMENTUM IS VERY STRONG
RBI CENBANK CHIEF: FIND NO REASON WHY GROWTH MOMENTUM SHOULD SLOW DOWN|| OUR ANALYSIS SHOWS MOMENTUM OF GROWTH GOING AHEAD COULD BE EVEN STRONGER CLEAR EVIDENCE OF PRIVATE SECTOR CAPEX PICKING UP
RBI CENBANK CHIEF: INDIA NEEDS GROWTH DRIVEN BY MULTIPLE SECTORS STILL SCOPE FOR WORK TO BE DONE IN AGRICULTURAL SECTOR, PARTICULARLY SUPPLY AND VALUE CHAINS
RBI CENBANK CHIEF DAS SAYS INDIA'S ECONOMY, FINANCIAL SECTOR MUCH STRONGER THAN PRE-COVID PERIOD SAYS THERE CANNOT BE ANY DISTRACTIONS, WAVERING OF FOCUS AT THIS STAGE
RBI CHIEF DAS SAYS SINGLE WRONG MOVE WHEN DEALING WITH INFLATION CHALLENGE CAN THROW YOU OFF TRACK SAYS CANNOT AFFORD TO MAKE ANY MISTAKE, POLICY ERROR WHEN DEALING WITH INFLATION
RBI CENBANK CHIEF: A MODERATE LEVEL OF CURRENT ACCOUNT DEFICIT IS ALWAYS BETTER
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
RBI CHIEF DAS SAYS CONFIDENT OF 7.2% GROWTH FOR CURRENT YEAR CURRENT GROWTH MOMENTUM IS VERY STRONG
RBI CENBANK CHIEF: FIND NO REASON WHY GROWTH MOMENTUM SHOULD SLOW DOWN|| OUR ANALYSIS SHOWS MOMENTUM OF GROWTH GOING AHEAD COULD BE EVEN STRONGER CLEAR EVIDENCE OF PRIVATE SECTOR CAPEX PICKING UP
RBI CENBANK CHIEF: INDIA NEEDS GROWTH DRIVEN BY MULTIPLE SECTORS STILL SCOPE FOR WORK TO BE DONE IN AGRICULTURAL SECTOR, PARTICULARLY SUPPLY AND VALUE CHAINS
RBI CENBANK CHIEF DAS SAYS INDIA'S ECONOMY, FINANCIAL SECTOR MUCH STRONGER THAN PRE-COVID PERIOD SAYS THERE CANNOT BE ANY DISTRACTIONS, WAVERING OF FOCUS AT THIS STAGE
RBI CHIEF DAS SAYS SINGLE WRONG MOVE WHEN DEALING WITH INFLATION CHALLENGE CAN THROW YOU OFF TRACK SAYS CANNOT AFFORD TO MAKE ANY MISTAKE, POLICY ERROR WHEN DEALING WITH INFLATION
RBI CENBANK CHIEF: A MODERATE LEVEL OF CURRENT ACCOUNT DEFICIT IS ALWAYS BETTER
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
Dow -299.05 pts ,Nsdq +220.80 pts, S&P
+21.43 pts , Bovespa -305 pts , Ftse -33 pts , Dax -147 pts , Cac -44 pts , Crude @ $80.74 brl (-0.09), Brent @ $85.01 brl (-0.00) , Gold @ 2330.90 (+0.10), Silver $28.545 (-0.02), Euro @ $1.0708, JPY @ $159.65, INR @ 83.425
Today's Corporate Action
26th June Ex Date
AEGISLOG
Final Dividend - Rs. - 2.0000
WELSPUNLIV
Final Dividend - Rs. - 0.1000
Today's Key Results/Board Meetings
26-Jun-24
HAL
Final Dividend
MARSONS
General
NRBBEARING
General
QUEST
General
SOURCENTRL
General
SREEL
General
SUMERUIND
General
TSPIRITUAL
General;A.G.M
Stock under F&O ban on NSE
26-Jun-24
1 GNFC
2 INDUSTOWER
3 PNB
4 SAIL
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
+21.43 pts , Bovespa -305 pts , Ftse -33 pts , Dax -147 pts , Cac -44 pts , Crude @ $80.74 brl (-0.09), Brent @ $85.01 brl (-0.00) , Gold @ 2330.90 (+0.10), Silver $28.545 (-0.02), Euro @ $1.0708, JPY @ $159.65, INR @ 83.425
Today's Corporate Action
26th June Ex Date
AEGISLOG
Final Dividend - Rs. - 2.0000
WELSPUNLIV
Final Dividend - Rs. - 0.1000
Today's Key Results/Board Meetings
26-Jun-24
HAL
Final Dividend
MARSONS
General
NRBBEARING
General
QUEST
General
SOURCENTRL
General
SREEL
General
SUMERUIND
General
TSPIRITUAL
General;A.G.M
Stock under F&O ban on NSE
26-Jun-24
1 GNFC
2 INDUSTOWER
3 PNB
4 SAIL
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
India Daybook Stocks in News
*VPRPL:* Company gets Rs 273.11 crore order from Uttar Pradesh Jal Nigam. (Positive)
*MAZDOCK:* Department of Public Enterprises approved the proposal for grant of Navratna status to Company (Positive)
*JTEKT INDIA:* Company approved capacity expansion for CVJ forging child part. (Positive)
*Gulshan Polyols:* Company started commercial operations of ethanol at 250 KLPD capacity grain based ethanol plant at Goalpara, Assam. (Positive)
*TRENT:* Company’s Westside collaborates with designer duo saaksha & kinni for "honey i'm home 2.0" collection. (Positive)
*GR Infra:* Company Approved Non-Binding Counter Offer for Acquisition Of 100% Equity Stake in Gr Aligarh Kanpur Highway by Bharat Highways Invit (Positive)
*Vodafone Idea:* Vodafone Group to inject up to ₹3,000 cr into company post Indus stake sales: Moneycontrol (Positive)
*Coforge:* CCI approves Coforge's acquisition of majority stake in Cigniti Technologies: CCI (Positive)
*Time Techno:* Company has received an additional order for supply of Composite Cylinders for total value of Rs. 55 crores (Positive)
*Adani Ports:* S&P Revises Adani Ports Outlook to Positive; Affirms 'BBB-' RTGS (Positive)
*GMDC:* Company and Gujarat Urja Vikas Nigam Join Hands to Ensure Energy Security for Gujarat (Positive)
*Schneider Electric:* Launches Smart Buildings Division to Drive Sustainable Building Innovation in Canada (Positive)
*Zee Ent:* NCLT allows withdrawal of implementation application of composite scheme of arrangement with Sony (Positive)
*Yes Bank:* Company to consider raising funds via debt securities on August 23, 2024. (Neutral)
*Sanghi Ind:* Promoter Ambuja Cements & Ravi Sanghi to sell up to 3.52% stake in the company via offer for sale (OFS). (Neutral)
*M&M FIn:* Vivek Karve resigns as CFO of Mahindra & Mahindra Finance effective October 31. (Neutral)
*IRCTC:* The news in circulation on social media about restriction in booking of e-tickets due to different surname is false and misleading. (Neutral)
*Bajaj Finance:* Tata Motors partners with Bajaj Finance for commercial vehicle financing. (Neutral)
*Mind space Business Parks REIT:* Company raises Rs 650 crore from International Finance Corp via issuance of sustainability linked bonds (Neutral)
*Tantia Construction:* Company Wins Order Worth 7cr Rupees (Neutral)
*Tech Mahindra:* Company plan of merger of unit healthnxt Inc with its parent company Tech Mahindra (Americas) has been approved (Neutral)
*NTPC:* Company planning to raise Rs 12,000 crore through NCDs. (Neutral)
*CE Info:* Promoter Rakesh Kumar Verma likely to sell 0.9% stake in CE Info Systems (Map My India) via block deal, floor price is at ₹2,293.20/Share (Neutral)
*Glenmark Pharmaceuticals:* Company to voluntarily recall 114 batches of potassium chloride extended-release capsules. (Neutral)
*Adani Ent:* Adani to invest ₹1.3 lakh crore in FY25 across portfolio companies. (Neutral)
*Tata Steel:* Company acquired 1,25,00,000 Equity Shares Of Face Value ₹10/- Each Aggregating To ₹12.5 Crore (Neutral)
*Borosil:* Company raises Rs 150 Crore via QIP, allots 47.2 Lakh Shares at Rs 318/Share. (Neutral)
*Adani Ports:* Company says Divij Taneja Appointed as Ceo-Logistics (Neutral)
*Jubilant Ingrevia:* Company Issued Commercial Papers of 1b Rupees on June 25 (Neutral)
*RattanIndia Enterprises:* Vijay Nehra resigns as COO of RattanIndia Enterprises effective June 24.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*VPRPL:* Company gets Rs 273.11 crore order from Uttar Pradesh Jal Nigam. (Positive)
*MAZDOCK:* Department of Public Enterprises approved the proposal for grant of Navratna status to Company (Positive)
*JTEKT INDIA:* Company approved capacity expansion for CVJ forging child part. (Positive)
*Gulshan Polyols:* Company started commercial operations of ethanol at 250 KLPD capacity grain based ethanol plant at Goalpara, Assam. (Positive)
*TRENT:* Company’s Westside collaborates with designer duo saaksha & kinni for "honey i'm home 2.0" collection. (Positive)
*GR Infra:* Company Approved Non-Binding Counter Offer for Acquisition Of 100% Equity Stake in Gr Aligarh Kanpur Highway by Bharat Highways Invit (Positive)
*Vodafone Idea:* Vodafone Group to inject up to ₹3,000 cr into company post Indus stake sales: Moneycontrol (Positive)
*Coforge:* CCI approves Coforge's acquisition of majority stake in Cigniti Technologies: CCI (Positive)
*Time Techno:* Company has received an additional order for supply of Composite Cylinders for total value of Rs. 55 crores (Positive)
*Adani Ports:* S&P Revises Adani Ports Outlook to Positive; Affirms 'BBB-' RTGS (Positive)
*GMDC:* Company and Gujarat Urja Vikas Nigam Join Hands to Ensure Energy Security for Gujarat (Positive)
*Schneider Electric:* Launches Smart Buildings Division to Drive Sustainable Building Innovation in Canada (Positive)
*Zee Ent:* NCLT allows withdrawal of implementation application of composite scheme of arrangement with Sony (Positive)
*Yes Bank:* Company to consider raising funds via debt securities on August 23, 2024. (Neutral)
*Sanghi Ind:* Promoter Ambuja Cements & Ravi Sanghi to sell up to 3.52% stake in the company via offer for sale (OFS). (Neutral)
*M&M FIn:* Vivek Karve resigns as CFO of Mahindra & Mahindra Finance effective October 31. (Neutral)
*IRCTC:* The news in circulation on social media about restriction in booking of e-tickets due to different surname is false and misleading. (Neutral)
*Bajaj Finance:* Tata Motors partners with Bajaj Finance for commercial vehicle financing. (Neutral)
*Mind space Business Parks REIT:* Company raises Rs 650 crore from International Finance Corp via issuance of sustainability linked bonds (Neutral)
*Tantia Construction:* Company Wins Order Worth 7cr Rupees (Neutral)
*Tech Mahindra:* Company plan of merger of unit healthnxt Inc with its parent company Tech Mahindra (Americas) has been approved (Neutral)
*NTPC:* Company planning to raise Rs 12,000 crore through NCDs. (Neutral)
*CE Info:* Promoter Rakesh Kumar Verma likely to sell 0.9% stake in CE Info Systems (Map My India) via block deal, floor price is at ₹2,293.20/Share (Neutral)
*Glenmark Pharmaceuticals:* Company to voluntarily recall 114 batches of potassium chloride extended-release capsules. (Neutral)
*Adani Ent:* Adani to invest ₹1.3 lakh crore in FY25 across portfolio companies. (Neutral)
*Tata Steel:* Company acquired 1,25,00,000 Equity Shares Of Face Value ₹10/- Each Aggregating To ₹12.5 Crore (Neutral)
*Borosil:* Company raises Rs 150 Crore via QIP, allots 47.2 Lakh Shares at Rs 318/Share. (Neutral)
*Adani Ports:* Company says Divij Taneja Appointed as Ceo-Logistics (Neutral)
*Jubilant Ingrevia:* Company Issued Commercial Papers of 1b Rupees on June 25 (Neutral)
*RattanIndia Enterprises:* Vijay Nehra resigns as COO of RattanIndia Enterprises effective June 24.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
*News Headlines from Business News Agencies :*
*Business Standard :*
Tata Motors ties up with Bajaj Finance for commercial vehicle finance
India's FMCG sector to have sustained growth rate of 7-9% in 2024: Report
BII vows $75 mn to Symbiotics' 2nd green basket bond for emerging markets
Crude oil prices seen in a higher range of $85-100 per barrel: S&P Global
AstraZeneca's Imfinzi fails in late-stage trial to treat lung cancer cases
Telcos eye four spectrum bands as auction enters round 4 on Day 1
Jet Airways' Naresh Goyal moves HC, seeks extension of interim medical bail
Dairy startup co Sid's Farm raises $10 million in Series A Round
Water crisis may weigh on India's sovereign credit strength: Moody's
ICICI Bank mkt cap tops $100 bn; becomes only sixth Indian co to hit milestone
Indian imports of Russian coal decline, US shipments surge in May
India expects surge in solar cell output, says will curb imports from China
*Economic Times :*
UP cabinet okays TATA Sons' Rs 650-cr proposal for 'museum of temples' in Ayodhya
India’s external debt stands $663.8 billion at end-March 2024, rise of $39.7 billion from year before
AI startup Etched raises $120 million to develop specialized chip
Norway starts stockpiling grain, citing pandemic, war and climate change
Punjab & Sind Bank signs pact with Indian Army for salary account
Silveline Power signs agreement with SRAM Group for hydrogen-based vehicles
SaaS startup Rocketlane raises $24 million in funding
Industry pitches for tax reduction, rationalisation of duty structure in Budget
India and China top buyers of Russian fuel oil in May, LSEG data shows
Northern Arc Capital raises $75 million from Dutch development bank
Jubilant Pharmova's US arm prepays Rs 626 crore term loan
Milk prices to go up in Karnataka from Wednesday, week after fuel price hike; liquor next in line
*Mint :*
Citi appoints Jeegar Shah as CFO for India business
RBI may implement shallow rate cut even if US Fed defers: Rajani Sinha, CareEdge
The AIF industry body seeks a review of CCI’s definition of control for PE firms
ABSL AMC re-appoints A Balasubramanian as MD & CEO of the company for 3 years
Amid snail-paced monsoon, hydro power generation likely to stay weak
Microsoft hit with EU antitrust charges over Teams
L’Oréal India seeks to amp up its online play, aims to become €1 bn business
IndiGo, Air India leverage AI-based tools to improve customer care service
FY24 one of the most challenging in company’s history: Wipro’s Rishad Premji
JSW Steel to spend $110 million on US facility to support US' green energy push
RBI names former central banker on Bandhan Bank board to aid succession
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*Business Standard :*
Tata Motors ties up with Bajaj Finance for commercial vehicle finance
India's FMCG sector to have sustained growth rate of 7-9% in 2024: Report
BII vows $75 mn to Symbiotics' 2nd green basket bond for emerging markets
Crude oil prices seen in a higher range of $85-100 per barrel: S&P Global
AstraZeneca's Imfinzi fails in late-stage trial to treat lung cancer cases
Telcos eye four spectrum bands as auction enters round 4 on Day 1
Jet Airways' Naresh Goyal moves HC, seeks extension of interim medical bail
Dairy startup co Sid's Farm raises $10 million in Series A Round
Water crisis may weigh on India's sovereign credit strength: Moody's
ICICI Bank mkt cap tops $100 bn; becomes only sixth Indian co to hit milestone
Indian imports of Russian coal decline, US shipments surge in May
India expects surge in solar cell output, says will curb imports from China
*Economic Times :*
UP cabinet okays TATA Sons' Rs 650-cr proposal for 'museum of temples' in Ayodhya
India’s external debt stands $663.8 billion at end-March 2024, rise of $39.7 billion from year before
AI startup Etched raises $120 million to develop specialized chip
Norway starts stockpiling grain, citing pandemic, war and climate change
Punjab & Sind Bank signs pact with Indian Army for salary account
Silveline Power signs agreement with SRAM Group for hydrogen-based vehicles
SaaS startup Rocketlane raises $24 million in funding
Industry pitches for tax reduction, rationalisation of duty structure in Budget
India and China top buyers of Russian fuel oil in May, LSEG data shows
Northern Arc Capital raises $75 million from Dutch development bank
Jubilant Pharmova's US arm prepays Rs 626 crore term loan
Milk prices to go up in Karnataka from Wednesday, week after fuel price hike; liquor next in line
*Mint :*
Citi appoints Jeegar Shah as CFO for India business
RBI may implement shallow rate cut even if US Fed defers: Rajani Sinha, CareEdge
The AIF industry body seeks a review of CCI’s definition of control for PE firms
ABSL AMC re-appoints A Balasubramanian as MD & CEO of the company for 3 years
Amid snail-paced monsoon, hydro power generation likely to stay weak
Microsoft hit with EU antitrust charges over Teams
L’Oréal India seeks to amp up its online play, aims to become €1 bn business
IndiGo, Air India leverage AI-based tools to improve customer care service
FY24 one of the most challenging in company’s history: Wipro’s Rishad Premji
JSW Steel to spend $110 million on US facility to support US' green energy push
RBI names former central banker on Bandhan Bank board to aid succession
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Tuesday, 25 June 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
Vodafone Plc planning to invest up to Rs 3,000 crore in Vodafone Idea after Indus stake sales
https://www.moneycontrol.com/news/business/vodafone-plc-planning-to-invest-up-to-rs-3000-crore-in-vodafone-idea-after-indus-stake-sales-12755913.html
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
https://www.moneycontrol.com/news/business/vodafone-plc-planning-to-invest-up-to-rs-3000-crore-in-vodafone-idea-after-indus-stake-sales-12755913.html
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
GIFT Nifty +17 pts (23572) from last trade 23555
Nikkei +22 pts ,
Hangseng +60 pts ,
Dow +260.88 pts ,Nsdq -192.54 pts, S&P
-16.75 pts , Bovespa +1295 pts , Ftse +43 pts , Dax +162 pts , Cac +78 pts , Crude @ $81.69 brl (+0.06), Brent @ $86.01 brl (-0.00) , Gold @ 2343.20 (-1.20), Silver $29.545 (-0.02), Euro @ $1.0731, JPY @ $159.67, INR @ 83.435
Today's Corporate Action
25th June Ex Date
ALKYLAMINE
Final Dividend - Rs. - 10.0000
ASHCAP
Bonus issue 1:2
BPLPHARMA
Final Dividend - Rs. - 1.0000
CERA
Final Dividend - Rs. - 60.0000
FILTRA
Final Dividend - Rs. - 3.0000
SEPC
Right Issue of Equity Shares
TATAELXSI
Final Dividend - Rs. - 70.0000
VOLTAS
Dividend - Rs. - 5.5000
Today's Key Results/Board Meetings
25-Jun-24
ACEMEN
General;Audited Results
INNOVATUS
Preferential Issue of shares;General
INVENTURE
General;Rights Issue
MIVENMACH
General
MLKFOOD
Interim Dividend;Bonus issue;Stock Split
MMLF
Increase in Authorised Capital;Stock Split
RITCO
Increase in Authorised Capital;Preferential Issue of shares
RMCL
General
ROYALIND
Preferential Issue of shares
SHYMINV
Preferential Issue of shares;General
SUPREMEINF
Audited Results
VIRTUALS
Preferential Issue of shares;General
YESBANK
General
Stock under F&O ban on NSE
25-Jun-24
1 BALRAMCHIN
2 CHAMBLFERT
3 GNFC
4 GRANULES
5 INDUSTOWER
6 PEL
7 PNB
8 SAIL
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Nikkei +22 pts ,
Hangseng +60 pts ,
Dow +260.88 pts ,Nsdq -192.54 pts, S&P
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Today's Corporate Action
25th June Ex Date
ALKYLAMINE
Final Dividend - Rs. - 10.0000
ASHCAP
Bonus issue 1:2
BPLPHARMA
Final Dividend - Rs. - 1.0000
CERA
Final Dividend - Rs. - 60.0000
FILTRA
Final Dividend - Rs. - 3.0000
SEPC
Right Issue of Equity Shares
TATAELXSI
Final Dividend - Rs. - 70.0000
VOLTAS
Dividend - Rs. - 5.5000
Today's Key Results/Board Meetings
25-Jun-24
ACEMEN
General;Audited Results
INNOVATUS
Preferential Issue of shares;General
INVENTURE
General;Rights Issue
MIVENMACH
General
MLKFOOD
Interim Dividend;Bonus issue;Stock Split
MMLF
Increase in Authorised Capital;Stock Split
RITCO
Increase in Authorised Capital;Preferential Issue of shares
RMCL
General
ROYALIND
Preferential Issue of shares
SHYMINV
Preferential Issue of shares;General
SUPREMEINF
Audited Results
VIRTUALS
Preferential Issue of shares;General
YESBANK
General
Stock under F&O ban on NSE
25-Jun-24
1 BALRAMCHIN
2 CHAMBLFERT
3 GNFC
4 GRANULES
5 INDUSTOWER
6 PEL
7 PNB
8 SAIL
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
News Headlines from Business News Agencies:
Business Standard
S&P Global Ratings retains India's growth forecast for FY25 at 6.8%
From 1% deficit in Dec, current account 0.6% in surplus in Q4: RBI
Zee Entertainment CEO Punit Goenka buys majority stake in Maverick Media
Elcid Investments settles disclosure lapses case with Sebi, pays Rs 17.3L
WeWork's exit from India unit unlikely to impact domestic co-working market
Centre imposes stock holding limit on wheat; says no shortage anywhere
Fast fashion retailer Shein filed for London listing in early June: Report
Sun Pharma completes Taro merger, acquires all outstanding shares
Krisumi to invest Rs 2,000 crore for 1,051 new luxury homes in Gurugram
Oyo opens first luxury hotel in Dubai, eyes boosting premium properties
Govt cancels 14 critical mineral block auctions launched in second tranche
Trade bodies ask Rajasthan govt to focus on ease of doing business
Economic Times
SBI plans to raise Rs 10,000 crore via infrastructure bonds on Wednesday
Maiki South Mining secures India's first Lithium and REE blocks of Chhattisgarh with FPO of 76.05%
Sumadhura Group eyes over 3-fold turnover growth to Rs 5,000 cr in 2024-25
Scepticism drives EVs to a disadvantage over ICEs when it comes to financing
IBJA appoints Aksha Mohit Kamboj as Vice President
Adani group firm Ambuja Cement bags 24 limestone mines in FY24
India buys record amount of sunflower oil as Ukraine-Russia fight for market share cuts price
Route Mobile enables WhatsApp ticketing for Nagpur, Hyderabad, Pune metro services
DGTR for continuation of anti-subsidy duty on certain type of steel pipes, tubes from China, Vietnam
RBI urges banks to address credit gaps for underserved sectors
Shoppers Stop aims to open 60 new INTUNE stores in FY25
Mint
India's CAD reduces to 0.7% of GDP, records surplus of 0.6% in Q4: RBI
Bharti Airtel in talks with Vodafone for majority stake in Indus Towers: Report
Govt’s generic pharmacy stores to stock top 200 medicines round the clock
Masdar, AIIB, Sojitz, Mitsubishi, Gentari, IFC eye Hygenco stake in $400 mn deal
Apple charged with breaching EU tech rules, faces another probe
Ujjivan SFB’s investors appear focused on short-term challenges
Paytm joins hands with Skyscanner, Wego, GoogleFlights as it eyes expansion
Prosus gives up on Byju’s, writes off its entire investment in the online tutor
Sony Pictures Networks India appoints Disney Star’s Gaurav Banerjee as MD, CEO
JSW Energy subsidiary wins wind-solar hybrid project
Indian steel exports struggle against China's ultra-cheap shipments
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Business Standard
S&P Global Ratings retains India's growth forecast for FY25 at 6.8%
From 1% deficit in Dec, current account 0.6% in surplus in Q4: RBI
Zee Entertainment CEO Punit Goenka buys majority stake in Maverick Media
Elcid Investments settles disclosure lapses case with Sebi, pays Rs 17.3L
WeWork's exit from India unit unlikely to impact domestic co-working market
Centre imposes stock holding limit on wheat; says no shortage anywhere
Fast fashion retailer Shein filed for London listing in early June: Report
Sun Pharma completes Taro merger, acquires all outstanding shares
Krisumi to invest Rs 2,000 crore for 1,051 new luxury homes in Gurugram
Oyo opens first luxury hotel in Dubai, eyes boosting premium properties
Govt cancels 14 critical mineral block auctions launched in second tranche
Trade bodies ask Rajasthan govt to focus on ease of doing business
Economic Times
SBI plans to raise Rs 10,000 crore via infrastructure bonds on Wednesday
Maiki South Mining secures India's first Lithium and REE blocks of Chhattisgarh with FPO of 76.05%
Sumadhura Group eyes over 3-fold turnover growth to Rs 5,000 cr in 2024-25
Scepticism drives EVs to a disadvantage over ICEs when it comes to financing
IBJA appoints Aksha Mohit Kamboj as Vice President
Adani group firm Ambuja Cement bags 24 limestone mines in FY24
India buys record amount of sunflower oil as Ukraine-Russia fight for market share cuts price
Route Mobile enables WhatsApp ticketing for Nagpur, Hyderabad, Pune metro services
DGTR for continuation of anti-subsidy duty on certain type of steel pipes, tubes from China, Vietnam
RBI urges banks to address credit gaps for underserved sectors
Shoppers Stop aims to open 60 new INTUNE stores in FY25
Mint
India's CAD reduces to 0.7% of GDP, records surplus of 0.6% in Q4: RBI
Bharti Airtel in talks with Vodafone for majority stake in Indus Towers: Report
Govt’s generic pharmacy stores to stock top 200 medicines round the clock
Masdar, AIIB, Sojitz, Mitsubishi, Gentari, IFC eye Hygenco stake in $400 mn deal
Apple charged with breaching EU tech rules, faces another probe
Ujjivan SFB’s investors appear focused on short-term challenges
Paytm joins hands with Skyscanner, Wego, GoogleFlights as it eyes expansion
Prosus gives up on Byju’s, writes off its entire investment in the online tutor
Sony Pictures Networks India appoints Disney Star’s Gaurav Banerjee as MD, CEO
JSW Energy subsidiary wins wind-solar hybrid project
Indian steel exports struggle against China's ultra-cheap shipments
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
India Daybook – Stocks in News
Waaree Energies: Company secures a contract for a 412 MWp solar project in Rajasthan. (Positive)
Amara Raja: Company Announces Strategic Technology Collaboration with Gotion-InoBat-Batteries (Positive)
Sun Pharma: Company Says Combined Entity Is Better Positioned To Compete In Increasingly Competitive Generics Industry (Positive)
S H Kelkar: Company entered into share purchase agreement for sale of 40% stake held by KFL in Nutaste food and drink labs, deal for 125.1m rupees valuing the business at 310m rupees. (Positive)
Swan Energy: Company board approves 49% stake buy in TOPL for ₹440 cr. (Positive)
Muthoot Capital: Company to initiate registration process as a corporate agent with IRDAI. (Positive)
VPRPL: Received contract by office of the Executive Engineer Division XXIV(WS) Goa, having a total value of Rs. 678.18 million. (Positive)
Ceinsys Tech: Received order of extension of Letter of Award from State Water and Sanitation Mission (SWSM), Uttar Pradesh for Lucknow and Devipatan Clusters (Positive)
Himalaya Food: Dollar Tree Chain of Stores USA has approved relaunch of Frozen Appetizers under Himalaya owned brand ‘Chef Ernesto’ (Positive)
Tide Water: Promoter Entity bought 1.62 lakh shares at Rs 2029.37/ Share (Positive)
KIMS: Board Meeting to be held on 28-Jun-2024 to consider and approve Stock split (Positive)
Ind Swift lab: Board to meet on 27 June to consider and approve raising of funds via equity (Positive)
IndiGo: Company doubles frequency between Jeddah and Mumbai (Positive)
Ambuja Cements: Company secures 24 bids for fresh limestone mines, with estimated total resource of 587 million tonne. (Positive)
Shree Cement: Company announced Rs 4,000 crore investment to enhance its renewable energy portfolio now represents almost half of its total installed power capacity. (Neutral)
Maruti: Company gets GST demand notice of ₹5.4 crore for period July 2017 to March 2023. (Neutral)
Sun Pharma: Company has successfully completed the merger of Taro Pharma with its subsidiary. (Neutral)
Borosil: Company opens QIP, sets floor price at ₹331.75/share. (Neutral)
Shalby: Company terminated franchise agreement with madhuban orthopedic and multispecialty surgical hospital. (Neutral)
Zee Entertainment: Company’s CEO Puneet Goenka acquires majority stake in Maverick Media (Neutral)
Hariom Pipes: Raises Rs 72cr via preferential issue to promoters and non-promoters (Neutral)
Chemplast Sanmar: Company approved raising of funds worth up to 10b rupees (Neutral)
JP Associates: Company is offering to pay Rs 200 crore upfront with an assurance to settle Rs 16,000 crore over next 18 months. (Neutral)
Satin Credit Care: Company appoints Monoj Agrawal as CFO of the company w.e.f July 1 (Neutral)
State Bank: FSIB to hold interviews to select a suitable candidate for the post chairman. (Neutral)
AU Small Bank: Company to consider fund raising via QIP or private placement or other modes on June 27. (Neutral)
RBL Bank: Company to consider fund raising via QIP on June 27 (Neutral)
Britannia: Company stops production at historic Kolkata plant, employees offered VRS. (Neutral)
RR Kabel: Promoter Entity sold 5.90 lakh shares at Rs 1734.58/ Share (Neutral)
Allcargo Gati: Company to raise up to ₹200 cr via QIP, indicative price ₹101 cr, floor price ₹106.07/sh (Neutral)
Bandhan Bank: RBI has appointed Arun Kumar Singh, Retd RBI CGM as additional director on the board (Neutral)
Happiest Minds: Promoter and executive chairman, Ashok Soota, has initiated a block deal to sell a 6% stake in the company.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Waaree Energies: Company secures a contract for a 412 MWp solar project in Rajasthan. (Positive)
Amara Raja: Company Announces Strategic Technology Collaboration with Gotion-InoBat-Batteries (Positive)
Sun Pharma: Company Says Combined Entity Is Better Positioned To Compete In Increasingly Competitive Generics Industry (Positive)
S H Kelkar: Company entered into share purchase agreement for sale of 40% stake held by KFL in Nutaste food and drink labs, deal for 125.1m rupees valuing the business at 310m rupees. (Positive)
Swan Energy: Company board approves 49% stake buy in TOPL for ₹440 cr. (Positive)
Muthoot Capital: Company to initiate registration process as a corporate agent with IRDAI. (Positive)
VPRPL: Received contract by office of the Executive Engineer Division XXIV(WS) Goa, having a total value of Rs. 678.18 million. (Positive)
Ceinsys Tech: Received order of extension of Letter of Award from State Water and Sanitation Mission (SWSM), Uttar Pradesh for Lucknow and Devipatan Clusters (Positive)
Himalaya Food: Dollar Tree Chain of Stores USA has approved relaunch of Frozen Appetizers under Himalaya owned brand ‘Chef Ernesto’ (Positive)
Tide Water: Promoter Entity bought 1.62 lakh shares at Rs 2029.37/ Share (Positive)
KIMS: Board Meeting to be held on 28-Jun-2024 to consider and approve Stock split (Positive)
Ind Swift lab: Board to meet on 27 June to consider and approve raising of funds via equity (Positive)
IndiGo: Company doubles frequency between Jeddah and Mumbai (Positive)
Ambuja Cements: Company secures 24 bids for fresh limestone mines, with estimated total resource of 587 million tonne. (Positive)
Shree Cement: Company announced Rs 4,000 crore investment to enhance its renewable energy portfolio now represents almost half of its total installed power capacity. (Neutral)
Maruti: Company gets GST demand notice of ₹5.4 crore for period July 2017 to March 2023. (Neutral)
Sun Pharma: Company has successfully completed the merger of Taro Pharma with its subsidiary. (Neutral)
Borosil: Company opens QIP, sets floor price at ₹331.75/share. (Neutral)
Shalby: Company terminated franchise agreement with madhuban orthopedic and multispecialty surgical hospital. (Neutral)
Zee Entertainment: Company’s CEO Puneet Goenka acquires majority stake in Maverick Media (Neutral)
Hariom Pipes: Raises Rs 72cr via preferential issue to promoters and non-promoters (Neutral)
Chemplast Sanmar: Company approved raising of funds worth up to 10b rupees (Neutral)
JP Associates: Company is offering to pay Rs 200 crore upfront with an assurance to settle Rs 16,000 crore over next 18 months. (Neutral)
Satin Credit Care: Company appoints Monoj Agrawal as CFO of the company w.e.f July 1 (Neutral)
State Bank: FSIB to hold interviews to select a suitable candidate for the post chairman. (Neutral)
AU Small Bank: Company to consider fund raising via QIP or private placement or other modes on June 27. (Neutral)
RBL Bank: Company to consider fund raising via QIP on June 27 (Neutral)
Britannia: Company stops production at historic Kolkata plant, employees offered VRS. (Neutral)
RR Kabel: Promoter Entity sold 5.90 lakh shares at Rs 1734.58/ Share (Neutral)
Allcargo Gati: Company to raise up to ₹200 cr via QIP, indicative price ₹101 cr, floor price ₹106.07/sh (Neutral)
Bandhan Bank: RBI has appointed Arun Kumar Singh, Retd RBI CGM as additional director on the board (Neutral)
Happiest Minds: Promoter and executive chairman, Ashok Soota, has initiated a block deal to sell a 6% stake in the company.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Monday, 24 June 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 24-06-2024 :
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +5667*
*INDEX FUT. : +1776*
*INDEX OPT. : +757*
*STOCK FUT. : +3263*
*STOCK OPT. : -129*
SEC. IN F&O BAN FOR, 25 June, 2024 :
*1. BALRAMCHIN 2. CHAMBLFERT 3. GNFC 4. GRANULES 5. INDUSTOWER 6. PEL 7. PNB8. SAIL*
*ADDITION : PNB, SAIL,*
*DELETION : HAL, HINDCOPPER*
INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 24-JUN-2024 :
*FIIS : SELL -654 (13,720-14,374)*
*DIIS : SELL -820 (11,251-12,071)*
*BSE SENSEX : +131 (77,341)*
*NSE NIFTY : +37 (23,538)*
*BSE MIDCAP. : +171 (47,138)*
*BSE SMLCAP. : +141 (52,077)*
*B. CRUDE : $ 85.13*
*GOLD: $ 2,328=INR 72,600(10gr)*
*SILVER : RS. 89,700 (kg)*
*FOREX : RS. $ 83.47 *
*7.10% GOI '34 : 6.9747% (100.8675)*
*7.18% GOI '33: 7.0205%(101.05)*
*7.18% GOI '37: 7.0231% (101.32)*
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +5667*
*INDEX FUT. : +1776*
*INDEX OPT. : +757*
*STOCK FUT. : +3263*
*STOCK OPT. : -129*
SEC. IN F&O BAN FOR, 25 June, 2024 :
*1. BALRAMCHIN 2. CHAMBLFERT 3. GNFC 4. GRANULES 5. INDUSTOWER 6. PEL 7. PNB8. SAIL*
*ADDITION : PNB, SAIL,*
*DELETION : HAL, HINDCOPPER*
INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 24-JUN-2024 :
*FIIS : SELL -654 (13,720-14,374)*
*DIIS : SELL -820 (11,251-12,071)*
*BSE SENSEX : +131 (77,341)*
*NSE NIFTY : +37 (23,538)*
*BSE MIDCAP. : +171 (47,138)*
*BSE SMLCAP. : +141 (52,077)*
*B. CRUDE : $ 85.13*
*GOLD: $ 2,328=INR 72,600(10gr)*
*SILVER : RS. 89,700 (kg)*
*FOREX : RS. $ 83.47 *
*7.10% GOI '34 : 6.9747% (100.8675)*
*7.18% GOI '33: 7.0205%(101.05)*
*7.18% GOI '37: 7.0231% (101.32)*
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Friday, 21 June 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
Stocks in News
GE Power: Company secures ₹243.46 crore contract from NTPC GE Power Services (Positive)
CLEAN SCIENCE AND TECHNOLOGY: Company has subscribed to additional equity shares of clean fino - chem, a unit of co for 500m rupees (Positive)
Time Techno: Company gets final government NOD to manufacture type-IV composite cylinders for Hydrogen (Positive)
Waaree Energies: Company order from Mahindra Susten will aid the latter's renewable energy initiatives. (Positive)
RPSG VENTURES: Company unit entered into deed of assignment with natures basket, deal for purchase of brand “gift studio”, deal for total purchase consideration of 247.5m rupees (Positive)
Voltas: Company executes share purchase agreement with Singapore-based step-down arm Universal MEP (Positive)
JTEKT INDIA: Company expects export to increase from 4% to 6% (Positive)
BRITANNIA: Company All Permanent Workers Of Taratala, Kolkata Unit Accept VRS (Positive)
ONGC: Company board approves appointment of Devendra Kumar as CFO. (Neutral)
Mphasis: Company appoints Vinay Kalingara as the new head of investor relations (Neutral)
Bank of Baroda: Company Appoints Chayani Manoj sundar as CFO of the bank w.e.f. June 21, 2024 (Neutral)
India Mart: Company reappoints Dinesh Chandra Agarwal as MD & CEO for 5 years w.e.f. Jan 8, 2025 (Neutral)
Yes Bank: Company to consider enabling resolution for debt sale on June 25 (Neutral)
GIC Housing Fianace: Company hit by malware attack affects some of end user systems
Religare Enterprises: SEBI directs Company to facilitate Burman Group in fulfilling obligations under SEBI Takeover Regulations, 2011.
Welspun Spec: Guj Pollution control board directs company to cease Bharuch unit operations
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
GE Power: Company secures ₹243.46 crore contract from NTPC GE Power Services (Positive)
CLEAN SCIENCE AND TECHNOLOGY: Company has subscribed to additional equity shares of clean fino - chem, a unit of co for 500m rupees (Positive)
Time Techno: Company gets final government NOD to manufacture type-IV composite cylinders for Hydrogen (Positive)
Waaree Energies: Company order from Mahindra Susten will aid the latter's renewable energy initiatives. (Positive)
RPSG VENTURES: Company unit entered into deed of assignment with natures basket, deal for purchase of brand “gift studio”, deal for total purchase consideration of 247.5m rupees (Positive)
Voltas: Company executes share purchase agreement with Singapore-based step-down arm Universal MEP (Positive)
JTEKT INDIA: Company expects export to increase from 4% to 6% (Positive)
BRITANNIA: Company All Permanent Workers Of Taratala, Kolkata Unit Accept VRS (Positive)
ONGC: Company board approves appointment of Devendra Kumar as CFO. (Neutral)
Mphasis: Company appoints Vinay Kalingara as the new head of investor relations (Neutral)
Bank of Baroda: Company Appoints Chayani Manoj sundar as CFO of the bank w.e.f. June 21, 2024 (Neutral)
India Mart: Company reappoints Dinesh Chandra Agarwal as MD & CEO for 5 years w.e.f. Jan 8, 2025 (Neutral)
Yes Bank: Company to consider enabling resolution for debt sale on June 25 (Neutral)
GIC Housing Fianace: Company hit by malware attack affects some of end user systems
Religare Enterprises: SEBI directs Company to facilitate Burman Group in fulfilling obligations under SEBI Takeover Regulations, 2011.
Welspun Spec: Guj Pollution control board directs company to cease Bharuch unit operations
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
IB REAL:
Co. Informs Change in the name of the Company from
'Indiabulls Real Estate Limited' to 'Equinox India Developments Limited' with effect from today i.e. June 20, 2024.
IB REAL IS NOW EQUINOX INDIA DEVELOPMENT
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Co. Informs Change in the name of the Company from
'Indiabulls Real Estate Limited' to 'Equinox India Developments Limited' with effect from today i.e. June 20, 2024.
IB REAL IS NOW EQUINOX INDIA DEVELOPMENT
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Wednesday, 19 June 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 19-06-2024 :
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -2546*
*INDEX FUT. : +4356*
*INDEX OPT. : -7951*
*STOCK FUT. : +942*
*STOCK OPT. : +105*
SEC. IN F&O BAN FOR, 20 June, 2024 :
*1. HAL 2. CHAMBLFERT 3. HINDCOPPER 4. INDIACEM 5. SAIL 6. BALRAMCHIN 7. PEL 8. INDUSTOWER*
*ADDITION : INDUSTOWER, HAL*
*DELETION : SUNTV, GNFC*
INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 19-JUN-2024 :
*FIIS : BUY +7,908 (24,852-16,944)*
*DIIS : BUY +7,108 (22,548-15,440)*
*BSE SENSEX : +36 (77,337)*
*NSE NIFTY : -42 (23,516)*
*BSE MIDCAP. : -422 (45,833)*
*BSE SMLCAP. : -301 (51,393)*
*B. CRUDE : $ 85.79*
*GOLD: $ 2,325=INR 72,500(10gr)*
*SILVER : RS. 89,000 (kg)*
*FOREX : RS. $ 83.45 *
*7.10% GOI '34 : 6.9746% (100.8650)*
*7.18% GOI '33: 7.0318%(100.9750)*
*7.18% GOI '37: 7.0313% (101.25)*
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -2546*
*INDEX FUT. : +4356*
*INDEX OPT. : -7951*
*STOCK FUT. : +942*
*STOCK OPT. : +105*
SEC. IN F&O BAN FOR, 20 June, 2024 :
*1. HAL 2. CHAMBLFERT 3. HINDCOPPER 4. INDIACEM 5. SAIL 6. BALRAMCHIN 7. PEL 8. INDUSTOWER*
*ADDITION : INDUSTOWER, HAL*
*DELETION : SUNTV, GNFC*
INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 19-JUN-2024 :
*FIIS : BUY +7,908 (24,852-16,944)*
*DIIS : BUY +7,108 (22,548-15,440)*
*BSE SENSEX : +36 (77,337)*
*NSE NIFTY : -42 (23,516)*
*BSE MIDCAP. : -422 (45,833)*
*BSE SMLCAP. : -301 (51,393)*
*B. CRUDE : $ 85.79*
*GOLD: $ 2,325=INR 72,500(10gr)*
*SILVER : RS. 89,000 (kg)*
*FOREX : RS. $ 83.45 *
*7.10% GOI '34 : 6.9746% (100.8650)*
*7.18% GOI '33: 7.0318%(100.9750)*
*7.18% GOI '37: 7.0313% (101.25)*
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
India Daybook Stocks in News
*Infosys:* Company has launched Infosys AsterTM, an AI-amplified marketing suite that enhances brand experiences, marketing efficiency, and business growth. (Positive)
*Vedanta:* Company expects monetization of its steel and raw materials business, to be completed in first half of FY 2024-25. (Positive)
*Seamec:* Company owns and operates 4 multi-support vessels for diving services and subsea operations and has expanded into main fleet shipping with 3 acquired bulk carriers. (Positive)
*Tata Technologies:* Company collaborates with Microsoft and Tata Motors for InnoVent hackathon for engineering students. (Positive)
*Sona BLW:* Company says received certification for its traction motor for electric 3-wheelers under production- linked incentive scheme (Positive)
*PDS Limited:* Company unit entered into share purchase agreement with abhinav gupta buyer, agreement for proposed sale of entire equity stake held by MTGL in blueprint design (Positive)
*NGL Fine:* Company received certificate of suitability from European directorate, company says certificate of suitability for quality of medicines & healthcare for its product triclabendazole (Positive)
*HG Infra:* Company Received a Letter from South Central Railway Worth 447 Cr Rs (Positive)
*Snowman:* Promoter Gateway Distriparks acquired 3 lakh shares of the company from the open market or 0.18% of the total equity. (Positive)
*Tata Motors:* JLR and Chery sign LoI to license Freelander Brand to CJLR for creation of EVs in China (Positive)
*Prestige Estates:* Company's board of directors are meeting on June 21 to consider and approve raising funds through QIP, preferential issue, rights issue or any other form. (Neutral)
*Craftsman Automation:* Company board approves raising up to Rs 1,200 crore via QIP. (Neutral)
*LIC:* Company clarifies that report on selling land to raise up to $7 billion is incorrect (Neutral)
*BLS E-Services:* Company to make initial investment of approximately Rs 71 crore in Aadifidelis Solutions (Neutral)
*Grasim:* Company says Birla opus launches its new thematic communication and embarks on a journey to make life beautiful (Neutral)
*Bharat Forge:* Company makes additional investment of $40 million in unit Bharat Forge America (Neutral)
*LIC:* Company clarifies that no formal proposal has been initiated to enter health insurance market. (Neutral)
*Dalmia Sugar:* Company fixed July 3 as the record date for the purpose of final dividend for the year 2023-24. (Neutral)
*Marico:* Mitsubishi UFJ Financial Group sells indirect interest in Marico.. (Neutral)
*HUL:* Asian Palm Oil Alliance, expresses concerns over HUL's reported intention to cut palm oil content in soaps by 25%. (Neutral)
*Zee Entertainment:* Company CFO Rohit Kumar Gupta steps down.. (Neutral)
*Indus Tower:* Vodafone PLC to sell stake in co via block deals, Block deal launched to sell 10% stake in company (Neutral)
*Tamilnad Mercantile Bank:* Submits application to RBI with the names of 3 candidates for the appointment of MD & CEO (Neutral)
*PNB Housing Finance:* Company appoints Vikas Rana as Head of Construction Finance effective June 18 (Neutral)
*AMI Organics:* Company opens QIP, sets floor price at Rs 1,228.71/share. (Neutral)
*ZF Commercial:* Wabco Asia likely to sell 5% equity of ZF Commercial Vehicle Control Systems India in a block deal.
*Gland Pharma:* Fosun Pharma Industrial Pte will cut its stake in India's drug company through block deals after being unable to offload it in one go.
*Sansera Engineering:* Client Ebene and CVCIGP II Employee Ebene are likely to divest up to 6.25 million shares, equivalent to an 11.66% equity stake.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*Infosys:* Company has launched Infosys AsterTM, an AI-amplified marketing suite that enhances brand experiences, marketing efficiency, and business growth. (Positive)
*Vedanta:* Company expects monetization of its steel and raw materials business, to be completed in first half of FY 2024-25. (Positive)
*Seamec:* Company owns and operates 4 multi-support vessels for diving services and subsea operations and has expanded into main fleet shipping with 3 acquired bulk carriers. (Positive)
*Tata Technologies:* Company collaborates with Microsoft and Tata Motors for InnoVent hackathon for engineering students. (Positive)
*Sona BLW:* Company says received certification for its traction motor for electric 3-wheelers under production- linked incentive scheme (Positive)
*PDS Limited:* Company unit entered into share purchase agreement with abhinav gupta buyer, agreement for proposed sale of entire equity stake held by MTGL in blueprint design (Positive)
*NGL Fine:* Company received certificate of suitability from European directorate, company says certificate of suitability for quality of medicines & healthcare for its product triclabendazole (Positive)
*HG Infra:* Company Received a Letter from South Central Railway Worth 447 Cr Rs (Positive)
*Snowman:* Promoter Gateway Distriparks acquired 3 lakh shares of the company from the open market or 0.18% of the total equity. (Positive)
*Tata Motors:* JLR and Chery sign LoI to license Freelander Brand to CJLR for creation of EVs in China (Positive)
*Prestige Estates:* Company's board of directors are meeting on June 21 to consider and approve raising funds through QIP, preferential issue, rights issue or any other form. (Neutral)
*Craftsman Automation:* Company board approves raising up to Rs 1,200 crore via QIP. (Neutral)
*LIC:* Company clarifies that report on selling land to raise up to $7 billion is incorrect (Neutral)
*BLS E-Services:* Company to make initial investment of approximately Rs 71 crore in Aadifidelis Solutions (Neutral)
*Grasim:* Company says Birla opus launches its new thematic communication and embarks on a journey to make life beautiful (Neutral)
*Bharat Forge:* Company makes additional investment of $40 million in unit Bharat Forge America (Neutral)
*LIC:* Company clarifies that no formal proposal has been initiated to enter health insurance market. (Neutral)
*Dalmia Sugar:* Company fixed July 3 as the record date for the purpose of final dividend for the year 2023-24. (Neutral)
*Marico:* Mitsubishi UFJ Financial Group sells indirect interest in Marico.. (Neutral)
*HUL:* Asian Palm Oil Alliance, expresses concerns over HUL's reported intention to cut palm oil content in soaps by 25%. (Neutral)
*Zee Entertainment:* Company CFO Rohit Kumar Gupta steps down.. (Neutral)
*Indus Tower:* Vodafone PLC to sell stake in co via block deals, Block deal launched to sell 10% stake in company (Neutral)
*Tamilnad Mercantile Bank:* Submits application to RBI with the names of 3 candidates for the appointment of MD & CEO (Neutral)
*PNB Housing Finance:* Company appoints Vikas Rana as Head of Construction Finance effective June 18 (Neutral)
*AMI Organics:* Company opens QIP, sets floor price at Rs 1,228.71/share. (Neutral)
*ZF Commercial:* Wabco Asia likely to sell 5% equity of ZF Commercial Vehicle Control Systems India in a block deal.
*Gland Pharma:* Fosun Pharma Industrial Pte will cut its stake in India's drug company through block deals after being unable to offload it in one go.
*Sansera Engineering:* Client Ebene and CVCIGP II Employee Ebene are likely to divest up to 6.25 million shares, equivalent to an 11.66% equity stake.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
GIFT Nifty +90 pts (23660) from last trade 23570 ,
Nikkei +261 pts ,
Hangseng +141 pts ,
Dow +56.76 pts ,Nsdq +5.21 pts, S&P
+13.80 pts , Bovespa +492 pts , Ftse +49 pts , Dax +63 pts , Cac +57 pts , Crude @ $81.61 brl (+0.04), Brent @ $85.33 brl (+0.00) , Gold @ 2343.20 (-3.70), Silver $29.575 (+0.01), Euro @ $1.074, JPY @ $157.82, INR @ 83.375
*Today's Corporate Action*
*19th June Ex Date*
ACEENGITEC
Reduction of Capital
BHANDARI
Right Issue of Equity Shares
DALBHARAT
Final Dividend - Rs. - 5.0000
INTELLECT
Final Dividend - Rs. - 3.5000
LTIM
Final Dividend - Rs. - 45.0000
PANCARBON
Final Dividend - Rs. - 12.0000
SAGCEM
Final Dividend - Rs. - 0.7000
SOBHA
Right Issue of Equity Shares
*Today's Key Results/Board Meetings*
*19-Jun-24*
AWFIS
Audited Results
CISTRO
General;Reduction of Capital
LORDSHOTL
General
MARSONS
General
SAPPHIRE
Stock Split
SBIN
General
SEPC
Right Issue of Equity Shares;Rights Issue
*Stock under F&O ban on NSE*
*19-Jun-24*
1 BALRAMCHIN
2 GNFC
3 HINDCOPPER
4 INDIACEM
5 PEL
6 SAIL
7 SUNTV
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Nikkei +261 pts ,
Hangseng +141 pts ,
Dow +56.76 pts ,Nsdq +5.21 pts, S&P
+13.80 pts , Bovespa +492 pts , Ftse +49 pts , Dax +63 pts , Cac +57 pts , Crude @ $81.61 brl (+0.04), Brent @ $85.33 brl (+0.00) , Gold @ 2343.20 (-3.70), Silver $29.575 (+0.01), Euro @ $1.074, JPY @ $157.82, INR @ 83.375
*Today's Corporate Action*
*19th June Ex Date*
ACEENGITEC
Reduction of Capital
BHANDARI
Right Issue of Equity Shares
DALBHARAT
Final Dividend - Rs. - 5.0000
INTELLECT
Final Dividend - Rs. - 3.5000
LTIM
Final Dividend - Rs. - 45.0000
PANCARBON
Final Dividend - Rs. - 12.0000
SAGCEM
Final Dividend - Rs. - 0.7000
SOBHA
Right Issue of Equity Shares
*Today's Key Results/Board Meetings*
*19-Jun-24*
AWFIS
Audited Results
CISTRO
General;Reduction of Capital
LORDSHOTL
General
MARSONS
General
SAPPHIRE
Stock Split
SBIN
General
SEPC
Right Issue of Equity Shares;Rights Issue
*Stock under F&O ban on NSE*
*19-Jun-24*
1 BALRAMCHIN
2 GNFC
3 HINDCOPPER
4 INDIACEM
5 PEL
6 SAIL
7 SUNTV
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Tuesday, 18 June 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
**INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 18-06-2024 :**
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -7258*
*INDEX FUT. : +779*
*INDEX OPT. : -6891*
*STOCK FUT. : -710*
*STOCK OPT. : -435*
**SEC. IN F&O BAN FOR, 19 June, 2024 :**
*1. SUNTV 2. GNFC 3. HINDCOPPER 4. INDIACEM 5. SAIL 6. BALRAMCHIN 7. PEL*
*ADDITION : PEL, GNFC*
*DELETION : GMRINFRA*
**INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 18-JUN-2024 :**
*FIIS : BUY +2,569 (19,101-16,532)*
*DIIS : BUY +1,556 (13,955-12,399)*
*BSE SENSEX : +308 (77,301)*
*NSE NIFTY : +92 (23,558)*
*BSE MIDCAP. : +196 (46,255)*
*BSE SMLCAP. : +494 (51,694)*
*B. CRUDE : $ 84.76*
*GOLD: $ 2,325=INR 72,500(10gr)*
*SILVER : RS. 88,500 (kg)*
*FOREX : RS. $ 83.41 *
*7.10% GOI '34 : 6.9789% (100.8350)*
*7.18% GOI '33: 7.0370%(100.94)*
*7.18% GOI '37: 7.0359% (101.21)*By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Monday, 17 June 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
*News Headlines from Business News Agencies:*
*Business Standard*
InterGlobe Aviation to receive compensation from P&W for engine issues
Trade deficit at 7-month high on rising imports; exports up 9% in May
SBI to monetise subsidiaries after scaling up their biz: Chairman Khara
Delhivery, Xpressbees venture into quick-commerce to meet soaring demand
India in talks with Norway's Equinor for oil reserves, says report
Windfall tax on petroleum crude cut to Rs 3,250 per MT from Rs 5,200
Mahindra group may join global firms for cell production in India: MD Shah
OEMs, electronic component companies seek greater govt support
Airtel prepays dues of Rs 7,904 cr for spectrum acquisition in 2012, 2015
Telcos dial into caller ID service trials to combat rising spam calls
Employment in informal sector below pre-Covid level, shows NSO data
Non-life insurance companies report 15.5% increase in May premium
Amid call for reduced dependency, India's coal import rises 13% in April
Hyundai Motor India gears up for 21% capacity boost in H2 of FY26
*Economic Times*
Indian banks are better placed with strong balance sheet, low NPAs and higher profits: CLSA
DPIIT reviews infrastructure projects of Railways, MoRTH and MoHUA to boost Gati Shakti plan
ACME ties up Rs 5,600 cr loan for green energy project in Andhra Pradesh
Indian room air-conditioner market to reach Rs 50,000 cr by FY29: Voltas
HDFC Bank may take infra bond route to raise around Rs 15,000 crore
With 30 pc topline growth, Godrej Appliances expects to join billion-dollar club in FY25
Dish TV shareholders reject director appointments once again
GIFT City gets record bid for 5.22 lakh sq ft development rights in SEZ
Chinese firms seek anti-dumping probe into pork imports from EU
Hyundai unit files for India IPO that could be country's biggest
Microsoft to delay release of Recall AI feature on security concerns
SBI concludes issuance of $100 million foreign bonds
India to become sixth country to have deep sea mission: Jitendra Singh
Mint
Government to offer 62 coal blocks in auctions next week
Govt misses wheat procurement, FCI stocks at 16-year low
Biocon API facility in Visakhapatnam receives 3 observations from USFDA inspection
Wipro wins multi-million dollar deal from Standard Chartered
Fake Chinese titanium sold to Boeing and Airbus to build planes? FAA begins prob
Paytm in talks with Zomato to sell its movie and ticketing business: Report
Sebi cancels registration of Grovalue Fin Services for violating market norms
India air travel: International footfalls are not growing as fast as domestic
Banks Test Appetite for €4 Billion Vodafone Spain Buyout Debt
ECB’s Lagarde Says Disinflation in Euro Zone Will Be Bumpy
Google CEO testifies at trial of collapsed startup Ozy Media and founder Carlos Watson
Pharma department seeks report on drug misuse, eyes NDPS Act inclusion
RBI completes special audit of IIFL Finance to address regulatory concerns
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*Business Standard*
InterGlobe Aviation to receive compensation from P&W for engine issues
Trade deficit at 7-month high on rising imports; exports up 9% in May
SBI to monetise subsidiaries after scaling up their biz: Chairman Khara
Delhivery, Xpressbees venture into quick-commerce to meet soaring demand
India in talks with Norway's Equinor for oil reserves, says report
Windfall tax on petroleum crude cut to Rs 3,250 per MT from Rs 5,200
Mahindra group may join global firms for cell production in India: MD Shah
OEMs, electronic component companies seek greater govt support
Airtel prepays dues of Rs 7,904 cr for spectrum acquisition in 2012, 2015
Telcos dial into caller ID service trials to combat rising spam calls
Employment in informal sector below pre-Covid level, shows NSO data
Non-life insurance companies report 15.5% increase in May premium
Amid call for reduced dependency, India's coal import rises 13% in April
Hyundai Motor India gears up for 21% capacity boost in H2 of FY26
*Economic Times*
Indian banks are better placed with strong balance sheet, low NPAs and higher profits: CLSA
DPIIT reviews infrastructure projects of Railways, MoRTH and MoHUA to boost Gati Shakti plan
ACME ties up Rs 5,600 cr loan for green energy project in Andhra Pradesh
Indian room air-conditioner market to reach Rs 50,000 cr by FY29: Voltas
HDFC Bank may take infra bond route to raise around Rs 15,000 crore
With 30 pc topline growth, Godrej Appliances expects to join billion-dollar club in FY25
Dish TV shareholders reject director appointments once again
GIFT City gets record bid for 5.22 lakh sq ft development rights in SEZ
Chinese firms seek anti-dumping probe into pork imports from EU
Hyundai unit files for India IPO that could be country's biggest
Microsoft to delay release of Recall AI feature on security concerns
SBI concludes issuance of $100 million foreign bonds
India to become sixth country to have deep sea mission: Jitendra Singh
Mint
Government to offer 62 coal blocks in auctions next week
Govt misses wheat procurement, FCI stocks at 16-year low
Biocon API facility in Visakhapatnam receives 3 observations from USFDA inspection
Wipro wins multi-million dollar deal from Standard Chartered
Fake Chinese titanium sold to Boeing and Airbus to build planes? FAA begins prob
Paytm in talks with Zomato to sell its movie and ticketing business: Report
Sebi cancels registration of Grovalue Fin Services for violating market norms
India air travel: International footfalls are not growing as fast as domestic
Banks Test Appetite for €4 Billion Vodafone Spain Buyout Debt
ECB’s Lagarde Says Disinflation in Euro Zone Will Be Bumpy
Google CEO testifies at trial of collapsed startup Ozy Media and founder Carlos Watson
Pharma department seeks report on drug misuse, eyes NDPS Act inclusion
RBI completes special audit of IIFL Finance to address regulatory concerns
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Friday, 14 June 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 14-06-2024 :
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +3184*
*INDEX FUT. : +563*
*INDEX OPT. : +6351*
*STOCK FUT. : -3538*
*STOCK OPT. : -192*
SEC. IN F&O BAN FOR, 18 June, 2024 :
*1. SUNTV 2. GMRINFRA 3. HINDCOPPER 4. INDIACEM 5. SAIL 6. BALRAMCHIN*
*ADDITION : BALRAMCHIN*
*DELETION : NIL*
INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 14-JUN-2024 :
*FIIS : BUY +2,176 (15,691-13,515)*
*DIIS : BUY +656 (11,876-11,220)*
*BSE SENSEX : +182 (76,993)*
*NSE NIFTY : +67 (23,466)*
*BSE MIDCAP. : +537 (46,059)*
*BSE SMLCAP. : +521 (51,200)*
*B. CRUDE : $ 82.70*
*GOLD: $ 2,329=INR 72,700(10gr)*
*SILVER : RS. 88,500 (kg)*
*FOREX : RS. $ 83.56 *
*7.10% GOI '34 : 6.9832% (100.8050)*
*7.18% GOI '33: 7.0415%(100.91)*
*7.18% GOI '37: 7.0406% (101.17)*
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +3184*
*INDEX FUT. : +563*
*INDEX OPT. : +6351*
*STOCK FUT. : -3538*
*STOCK OPT. : -192*
SEC. IN F&O BAN FOR, 18 June, 2024 :
*1. SUNTV 2. GMRINFRA 3. HINDCOPPER 4. INDIACEM 5. SAIL 6. BALRAMCHIN*
*ADDITION : BALRAMCHIN*
*DELETION : NIL*
INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 14-JUN-2024 :
*FIIS : BUY +2,176 (15,691-13,515)*
*DIIS : BUY +656 (11,876-11,220)*
*BSE SENSEX : +182 (76,993)*
*NSE NIFTY : +67 (23,466)*
*BSE MIDCAP. : +537 (46,059)*
*BSE SMLCAP. : +521 (51,200)*
*B. CRUDE : $ 82.70*
*GOLD: $ 2,329=INR 72,700(10gr)*
*SILVER : RS. 88,500 (kg)*
*FOREX : RS. $ 83.56 *
*7.10% GOI '34 : 6.9832% (100.8050)*
*7.18% GOI '33: 7.0415%(100.91)*
*7.18% GOI '37: 7.0406% (101.17)*
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
India Daybook Stocks in News
@AlliesFin
Tata Elxsi: Company partners with RedHat to work on 5G connected car using former's CVP platform TETHER. (Positive)
Suven Pharma: Company signs definitive agreement to acquire 100% eq shrs in Hyderabad-based Sapala Organics. (Positive)
Wipro: Company to launch on-premise GenAI solution with Hewlett Packard Enterprise. (Positive)
MosChip Tech: MeitY approves Design Linked Incentive application for development of a smart energy meter IC for India & overseas markets (Positive)
Atul Auto: Company Says Has Incorporated A New Subsidiary Company By Name Atulease Pvt Ltd, subsidiary Company Was Incorporated On June 12, 2024. (Positive)
RITES: Company DMRC in accord for exploring O&M of metro rail systems (Positive)
Electro steel Castings: Company to set up iron pipes plant in Odisha. (Positive)
Shipping Corp: NITI Aayog gives in-principle approval for formation of wholly-owned subsidiary of Shipping Corp in GIFT City (Positive)
Advaith Infratech: Company has received an order worth Rs. 27.87 Crores from GETCO (Positive)
Thomas Cook: CRISIL Ratings has upgraded its outlook on the bank loan facilities and corporate credit rating. (Positive)
JK TYRE: CARE Ratings has upgraded long term rating for bank facilities of the company to CARE AA- from CARE A+. (Positive)
Signature Global: Company to buy 3.81 acre land in Gurugram (Positive)
ICICI Lombard: May Premium up 22%, Market Share (Up To May 2024 YoY) +60 BPS (Positive)
Go Digit: May Premium up 36%, Market Share (Up To May 2024 YoY) +11 BPS (Positive)
Star Health: May Premium +16% (YoY), Premium Up To May +19% (YoY) (Positive)
Brigade: Company expects its FY-25 residential launches to see an average pricing of ₹10,000/sqft. (Positive)
Ambuja Cement: Company to acquire 100% stake in Penna Cement Industries for ₹10,422 crore (Positive)
Havells: Company has announced plans to expand AC manufacturing capacities at Ghiloth and Sricity locations to 15 lakh units per year each (Positive)
NALCO: Company has signed Pottangi Bauxite Mining Lease Deed with the Odisha government for 697.979 hectares (Positive)
NBFC Companies: Sales of listed private non-financial companies registered a growth of 6.9% in the fourth quarter of 2023–24 compared to a 5.5% rise in the previous quarter (Positive)
Dixon/Kaynes: Ministry of Electronics and Information Technology plans 100-Day Agenda to invest in Rs 30,000-cr electronic component scheme with capital subsidy (Positive)
NITCO: Board approves monetization of immovable property in Mumbai and conveyance deed worth ₹232 cr with Runwal Construction (Positive)
L&T FH: Morgan Stanley, Larsen & Toubro and Mirae AMC buy stake in L&T Finance (Positive)
Dr Reddy’s Lab: LIC increases its stake in Dr Reddy’s from 4.95% to 5.01% (Neutral)
Puravankara: Board approves raising funds up to ₹1,000 crore via QIP. (Neutral)
Kalpataru Projects: Company raises Rs 300 crore through issuance of NCDs on private placement basis. (Neutral)
Exxaro Tiles: Company to temporarily shut down unit 1 plant for 4 weeks from June 14 due to maintenance. (Neutral)
SEPC: Company to consider fund-raising on June 19. (Neutral)
Jaypee Infratech: Company will delist its equity shares after being acquired by Suraksha Realty. (Neutral)
Pakka: Company approved Raising of Funds Upton Rupees 225 Cr via QIP. (Neutral)
L&T FH: Bain Capital, Other Funds to sell 1530 cr worth shares, Deal is likely in block window since the discount is only 1% to market price (Neutral)
NIACL: May Premium -1% (YoY), Market Share (Up To May 2024 YoY) -192 BPS (Neutral)
Suzlon: Appoints Khaitan & Co. to conduct a review of its corporate governance practices, identify any gaps in the existing practices and ways to strengthen them (Neutral)
Vodafone Idea: Company to pare debt by issuing preferential shares worth ₹2,458 crore to Nokia, Ericsson (Neutral)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
@AlliesFin
Tata Elxsi: Company partners with RedHat to work on 5G connected car using former's CVP platform TETHER. (Positive)
Suven Pharma: Company signs definitive agreement to acquire 100% eq shrs in Hyderabad-based Sapala Organics. (Positive)
Wipro: Company to launch on-premise GenAI solution with Hewlett Packard Enterprise. (Positive)
MosChip Tech: MeitY approves Design Linked Incentive application for development of a smart energy meter IC for India & overseas markets (Positive)
Atul Auto: Company Says Has Incorporated A New Subsidiary Company By Name Atulease Pvt Ltd, subsidiary Company Was Incorporated On June 12, 2024. (Positive)
RITES: Company DMRC in accord for exploring O&M of metro rail systems (Positive)
Electro steel Castings: Company to set up iron pipes plant in Odisha. (Positive)
Shipping Corp: NITI Aayog gives in-principle approval for formation of wholly-owned subsidiary of Shipping Corp in GIFT City (Positive)
Advaith Infratech: Company has received an order worth Rs. 27.87 Crores from GETCO (Positive)
Thomas Cook: CRISIL Ratings has upgraded its outlook on the bank loan facilities and corporate credit rating. (Positive)
JK TYRE: CARE Ratings has upgraded long term rating for bank facilities of the company to CARE AA- from CARE A+. (Positive)
Signature Global: Company to buy 3.81 acre land in Gurugram (Positive)
ICICI Lombard: May Premium up 22%, Market Share (Up To May 2024 YoY) +60 BPS (Positive)
Go Digit: May Premium up 36%, Market Share (Up To May 2024 YoY) +11 BPS (Positive)
Star Health: May Premium +16% (YoY), Premium Up To May +19% (YoY) (Positive)
Brigade: Company expects its FY-25 residential launches to see an average pricing of ₹10,000/sqft. (Positive)
Ambuja Cement: Company to acquire 100% stake in Penna Cement Industries for ₹10,422 crore (Positive)
Havells: Company has announced plans to expand AC manufacturing capacities at Ghiloth and Sricity locations to 15 lakh units per year each (Positive)
NALCO: Company has signed Pottangi Bauxite Mining Lease Deed with the Odisha government for 697.979 hectares (Positive)
NBFC Companies: Sales of listed private non-financial companies registered a growth of 6.9% in the fourth quarter of 2023–24 compared to a 5.5% rise in the previous quarter (Positive)
Dixon/Kaynes: Ministry of Electronics and Information Technology plans 100-Day Agenda to invest in Rs 30,000-cr electronic component scheme with capital subsidy (Positive)
NITCO: Board approves monetization of immovable property in Mumbai and conveyance deed worth ₹232 cr with Runwal Construction (Positive)
L&T FH: Morgan Stanley, Larsen & Toubro and Mirae AMC buy stake in L&T Finance (Positive)
Dr Reddy’s Lab: LIC increases its stake in Dr Reddy’s from 4.95% to 5.01% (Neutral)
Puravankara: Board approves raising funds up to ₹1,000 crore via QIP. (Neutral)
Kalpataru Projects: Company raises Rs 300 crore through issuance of NCDs on private placement basis. (Neutral)
Exxaro Tiles: Company to temporarily shut down unit 1 plant for 4 weeks from June 14 due to maintenance. (Neutral)
SEPC: Company to consider fund-raising on June 19. (Neutral)
Jaypee Infratech: Company will delist its equity shares after being acquired by Suraksha Realty. (Neutral)
Pakka: Company approved Raising of Funds Upton Rupees 225 Cr via QIP. (Neutral)
L&T FH: Bain Capital, Other Funds to sell 1530 cr worth shares, Deal is likely in block window since the discount is only 1% to market price (Neutral)
NIACL: May Premium -1% (YoY), Market Share (Up To May 2024 YoY) -192 BPS (Neutral)
Suzlon: Appoints Khaitan & Co. to conduct a review of its corporate governance practices, identify any gaps in the existing practices and ways to strengthen them (Neutral)
Vodafone Idea: Company to pare debt by issuing preferential shares worth ₹2,458 crore to Nokia, Ericsson (Neutral)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Thursday, 13 June 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
*The Bull Market Craziness is so high that now we have*
Andhra Stocks
Bihar Stocks
Orissa Stocks
Now next in line later this year
Haryana stocks
Maharashtra stocks
Soon this theme will shift from states to district level stocks for ward elections
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Andhra Stocks
Bihar Stocks
Orissa Stocks
Now next in line later this year
Haryana stocks
Maharashtra stocks
Soon this theme will shift from states to district level stocks for ward elections
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
*FED KEEPS INTEREST RATE UNCHANGED TO 5.5%*
*U.S. (JUN 12) FED INTEREST RATE DECISION ACTUAL: 5.50% VS 5.50% PREVIOUS; EST 5.50%*
*FOMC MEDIAN FORECAST SHOWS 25 BPS RATE CUTS IN '24 VS 75 BPS*
*FOMC MEDIAN 2024 CORE PCE INFLATION EST. UP TO 2.8% VS. 2.6%*
*FED: THERE HAS BEEN 'MODEST FURTHER PROGRESS' TOWARD 2% INFLATION OBJECTIVE VS 'LACK OF PROGRESS' CITED IN MAY 1 STATEMENT*
*FOMC MEDIAN FORECAST SHOWS 100 BPS RATE CUTS IN '25 VS 75 BPS*
*FED: DOES NOT EXPECT IT WILL BE APPROPRIATE TO REDUCE POLICY TARGET RANGE UNTIL GAINING GREATER CONFIDENCE INFLATION IS MOVING SUSTAINABLY TOWARD 2%*
*FED: ECONOMY CONTINUES TO EXPAND AT SOLID PACE, JOB GAINS REMAIN STRONG, UNEMPLOYMENT RATE REMAINS LOW*
*FED'S DOT PLOT INDICATES JUST ONE RATE CUT THIS YEAR, IT COULD DISAPPOINT INVESTORS WHO WERE EXPECTING MORE CUTS*
FED PROJECTIONS IMPLY 25 BPS OF RATE CUTS IN 2024 FROM CURRENT LEVEL, ANOTHER 100 BPS IN 2025
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*U.S. (JUN 12) FED INTEREST RATE DECISION ACTUAL: 5.50% VS 5.50% PREVIOUS; EST 5.50%*
*FOMC MEDIAN FORECAST SHOWS 25 BPS RATE CUTS IN '24 VS 75 BPS*
*FOMC MEDIAN 2024 CORE PCE INFLATION EST. UP TO 2.8% VS. 2.6%*
*FED: THERE HAS BEEN 'MODEST FURTHER PROGRESS' TOWARD 2% INFLATION OBJECTIVE VS 'LACK OF PROGRESS' CITED IN MAY 1 STATEMENT*
*FOMC MEDIAN FORECAST SHOWS 100 BPS RATE CUTS IN '25 VS 75 BPS*
*FED: DOES NOT EXPECT IT WILL BE APPROPRIATE TO REDUCE POLICY TARGET RANGE UNTIL GAINING GREATER CONFIDENCE INFLATION IS MOVING SUSTAINABLY TOWARD 2%*
*FED: ECONOMY CONTINUES TO EXPAND AT SOLID PACE, JOB GAINS REMAIN STRONG, UNEMPLOYMENT RATE REMAINS LOW*
*FED'S DOT PLOT INDICATES JUST ONE RATE CUT THIS YEAR, IT COULD DISAPPOINT INVESTORS WHO WERE EXPECTING MORE CUTS*
FED PROJECTIONS IMPLY 25 BPS OF RATE CUTS IN 2024 FROM CURRENT LEVEL, ANOTHER 100 BPS IN 2025
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Wednesday, 12 June 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
*INDIA Inflation Rate y/y*
Actual: 4.75%
Expected: 4.9%
Previous: 4.8%
*INDIA Industrial Production y/y*
Actual: 5.0%
Expected: 4.6%
Previous: 4.9%
(Data seen higher than EST)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Actual: 4.75%
Expected: 4.9%
Previous: 4.8%
*INDIA Industrial Production y/y*
Actual: 5.0%
Expected: 4.6%
Previous: 4.9%
(Data seen higher than EST)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
*India Daybook – Stocks in News*
*TVS Supply Chain Solutions:* Company signs a new 5-year strategic contract with Daimler Truck South East Asia Pte Ltd, a Daimler Truck AG company, for ISCS service in Singapore (Positive)
*Waaree Energies:* Company supplies 68 megawatt solar modules to Gensol Engineering for a solar PV project. (Positive)
*IOL Chemicals:* Company received CEP certificate for Pantoprazole Sodium Sesquihydrate for alternative process (Process - II). (Positive)
*Tube Investment:* Company has entered into a ₹160-crore agreement with South Asia Growth Invest III LLC and South Asia EBT Trust III (Positive)
*Raymond:* Company aiming for more significant contribution from real estate and engineering divisions. (Positive)
*B L Kashyap and Sons:* Company gets two new orders aggregating to Rs 1,021 crore (Positive)
*Indigo:* Citigroup Global buys 31 lakh shares of Indigo for ₹1,362 crore. (Positive)
*Railtel:* Company eyes over 30% revenue growth and strong order inflow in FY25 (Positive)
*HCL Tech:* Company and Apobank in $278 mn partnership for 7.5 years. (Positive)
*TCS:* Company launches new IoT engineering lab in Ohio. (Positive)
*Wipro:* Company launches the Lab45 Artificial Intelligence (AI) Platform designed to increase Efficiencies & Transform Business Functions (Positive)
*Oracle:* Parent company Oracle reports strong bookings, Open AI partners with Parent company Oracle Cloud Infrastructure for hosting services (Positive)
*Go Digit:* Gross Written Premium at ₹ 2,336 cr vs ₹ 1,955 cr in Q4FY23, up 19.5%. (Positive)
*Dollar Ind:* To Open 50 Exclusive Brand Outlet across South India by 2027, Aims 50% Sales Growth in South India in 2024-25 (Positive)
*ICICI Bank:* NCLAT issues notice to ICICI Bank regarding Jai prakash Associates asking it to consider a one-time settlement. (Neutral)
*LTI Mindtree:* Company opens regional headquarters in Riyadh. (Neutral)
*Biocon:* Company has approved the appointment of Mr. Mukesh Kamath, Head - Business Finance R&D, as the Interim CFO (Neutral)
*Tata Technologies:* Company has deployed SAP S/4 HANA, for Mitsubishi Electric India Pvt. Ltd for digital transformation. (Neutral)
*State Bank of India:* Company board has approved raising up to $3 billion via debt in the current financial year.. (Neutral)
*Kotak Mahindra Bank:* SBI Mutual Fund has raised its stake in Kotak Mahindra Bank to over 5%, increasing stake to 5.01%. (Neutral)
*Castrol India:* Company board appoints Kedar Lele as MD for 5 years w.e.f. November 1. (Neutral)
*Zomato:* Apart from its 300 crore investment in Blinkit, Zomato will invest Rs 100 crore in its entertainment division. (Neutral)
*Patanjali Foods:* Company clarifies on report of Patanjali Ayurved’s non-food business to be merged with company. (Neutral)
*PDS Limited:* Co Says Bottom-line Profit Growth Expected To Be +15% in FY25, GMV Expected To Clock +20% Growth in FY25 (Neutral)
*NHPC:* Board of JV National High Power Test Laboratory (NHPTL) approves transfer of 1.31 cr NHPC shares to Power Grid. (Neutral)
*IRB Infra:* Ferrovial sells 5% stake in IRB for €214 million (Neutral)
*Indigo:* Rahul Bhatia's InterGlobe Enterprises divested a 2% stake in a low-cost airline for ₹3,367.30 crore. (Neutral)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*TVS Supply Chain Solutions:* Company signs a new 5-year strategic contract with Daimler Truck South East Asia Pte Ltd, a Daimler Truck AG company, for ISCS service in Singapore (Positive)
*Waaree Energies:* Company supplies 68 megawatt solar modules to Gensol Engineering for a solar PV project. (Positive)
*IOL Chemicals:* Company received CEP certificate for Pantoprazole Sodium Sesquihydrate for alternative process (Process - II). (Positive)
*Tube Investment:* Company has entered into a ₹160-crore agreement with South Asia Growth Invest III LLC and South Asia EBT Trust III (Positive)
*Raymond:* Company aiming for more significant contribution from real estate and engineering divisions. (Positive)
*B L Kashyap and Sons:* Company gets two new orders aggregating to Rs 1,021 crore (Positive)
*Indigo:* Citigroup Global buys 31 lakh shares of Indigo for ₹1,362 crore. (Positive)
*Railtel:* Company eyes over 30% revenue growth and strong order inflow in FY25 (Positive)
*HCL Tech:* Company and Apobank in $278 mn partnership for 7.5 years. (Positive)
*TCS:* Company launches new IoT engineering lab in Ohio. (Positive)
*Wipro:* Company launches the Lab45 Artificial Intelligence (AI) Platform designed to increase Efficiencies & Transform Business Functions (Positive)
*Oracle:* Parent company Oracle reports strong bookings, Open AI partners with Parent company Oracle Cloud Infrastructure for hosting services (Positive)
*Go Digit:* Gross Written Premium at ₹ 2,336 cr vs ₹ 1,955 cr in Q4FY23, up 19.5%. (Positive)
*Dollar Ind:* To Open 50 Exclusive Brand Outlet across South India by 2027, Aims 50% Sales Growth in South India in 2024-25 (Positive)
*ICICI Bank:* NCLAT issues notice to ICICI Bank regarding Jai prakash Associates asking it to consider a one-time settlement. (Neutral)
*LTI Mindtree:* Company opens regional headquarters in Riyadh. (Neutral)
*Biocon:* Company has approved the appointment of Mr. Mukesh Kamath, Head - Business Finance R&D, as the Interim CFO (Neutral)
*Tata Technologies:* Company has deployed SAP S/4 HANA, for Mitsubishi Electric India Pvt. Ltd for digital transformation. (Neutral)
*State Bank of India:* Company board has approved raising up to $3 billion via debt in the current financial year.. (Neutral)
*Kotak Mahindra Bank:* SBI Mutual Fund has raised its stake in Kotak Mahindra Bank to over 5%, increasing stake to 5.01%. (Neutral)
*Castrol India:* Company board appoints Kedar Lele as MD for 5 years w.e.f. November 1. (Neutral)
*Zomato:* Apart from its 300 crore investment in Blinkit, Zomato will invest Rs 100 crore in its entertainment division. (Neutral)
*Patanjali Foods:* Company clarifies on report of Patanjali Ayurved’s non-food business to be merged with company. (Neutral)
*PDS Limited:* Co Says Bottom-line Profit Growth Expected To Be +15% in FY25, GMV Expected To Clock +20% Growth in FY25 (Neutral)
*NHPC:* Board of JV National High Power Test Laboratory (NHPTL) approves transfer of 1.31 cr NHPC shares to Power Grid. (Neutral)
*IRB Infra:* Ferrovial sells 5% stake in IRB for €214 million (Neutral)
*Indigo:* Rahul Bhatia's InterGlobe Enterprises divested a 2% stake in a low-cost airline for ₹3,367.30 crore. (Neutral)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Tuesday, 11 June 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
Instl. Investors EQUITY Cash Trades PROV. - 11/06/2024 : Rs. CRS. :
FIIS : SELL -111 (15,527-15,638)
DIIS : BUY +3,193 (14,162-10,969)
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FIIS : SELL -111 (15,527-15,638)
DIIS : BUY +3,193 (14,162-10,969)
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AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
3 Large Blocks Deals Today
Interglobe - 2% stake sale (Seller - Interglobe Aviation)
IRB - 5% stake sale (Seller - Cintra (Ferrovial affiliate)
Honasa Consumer - 1-2% stake (Sellers - Fireside Ventures & Sofina Ventures
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Interglobe - 2% stake sale (Seller - Interglobe Aviation)
IRB - 5% stake sale (Seller - Cintra (Ferrovial affiliate)
Honasa Consumer - 1-2% stake (Sellers - Fireside Ventures & Sofina Ventures
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AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
India Daybook Stocks in News
*PTC Industries:* Company joins SPV as part of government's drive for defense and aerospace sector (Positive)
*JBM Auto:* Company Unit has Signed an Agreement with Muon India Private Ltd, A Macquarie Group company and Intends to deploy over 2,000 electric buses with Muon's. (Positive)
*Axis Cades:* Company to deliver drones to Indian army as part of order worth Rs 100 crore. (Positive)
*JK Tyre:* Company teams up with EKA Mobility to offer comprehensive tyre management solutions. (Positive)
*Akums Drugs:* Company launches combination drug for gastrointestinal tract disorders. (Positive)
*Bharat Dynamics:* Company eyes new orders worth ₹20,000 crore over next 2-3 years. (Positive)
*Ahluwalia Contracts:* Company wins order Worth 483 Cr rupees (Positive)
*RVNL:* Company gets order worth Rs 394 crore from Bangalore Metro Rail Corp. (Positive)
*Auto Stocks:* Hyundai Motor to file RHP over the next 2 weeks: ET SOURCES (Positive)
*Power Grid:* Company says successfully commissioned project under central sector for Northern Region (Positive)
*Vodafone Idea:* To consider raising funds via equity shares/convertible preference shares on June 13. (Positive)
*Puravankara: Company to Consider Raising Of Funds via QIP on June 13 (Neutral)
*Kalpataru Projects:* Company board approves proposal to raise Rs 300 crore through issuance of NCDs on private placement basis. (Neutral)
*Repco Home:* Company says K.Lakshmi tendered resignation as CFO (Neutral)
*Transformers & Rectifiers:* Company opens QIP sets floor price at Rs 699.95/share. (Neutral)
*IndiGo:* Rahul Bhatia family likely to sell 2% stake for ₹3,293 crore in a block deal. (Neutral)
*Mphasis:* Company' promoter, BCP TOPCO IX, sold 2.85 crore shares. (Neutral)
*Jubilant Food;* Domino’s Pizza opens 2,000th store in India. (Neutral)
*NLC India:* Company to raise foreign currency loan up to $600 million. (Neutral)
*Bank of Baroda:* Keeps MCLR unchanged across tenures w.e.f. June 12 (Neutral)
*MPhasis:* BCP Topco IX Pte likely to sell 10.6% stake in Mphasis via block deals; base price at ₹2,350/share. (Neutral)
*Kalpataru Projects:* Company will issue 30,000 NCDs with a face value of Rs 1 lakh each to raise Rs 300 crore. (Neutral)
*Honasa:* Fireside, Sofina Ventures to sell up to 2% stake of Honasa Cons worth ₹273.2 cr via block, floor price ₹421.3/Sh (Neutral)
*KIOCL:* Company says operation of Pellet Plant Unit at Mangalore has suspended production
*IRB Infra:* Cintra (Ferrovial Affiliate) likely to sell 5% stake of IRB Infra, deal price range is ₹63/sh to ₹70.16/sh
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*PTC Industries:* Company joins SPV as part of government's drive for defense and aerospace sector (Positive)
*JBM Auto:* Company Unit has Signed an Agreement with Muon India Private Ltd, A Macquarie Group company and Intends to deploy over 2,000 electric buses with Muon's. (Positive)
*Axis Cades:* Company to deliver drones to Indian army as part of order worth Rs 100 crore. (Positive)
*JK Tyre:* Company teams up with EKA Mobility to offer comprehensive tyre management solutions. (Positive)
*Akums Drugs:* Company launches combination drug for gastrointestinal tract disorders. (Positive)
*Bharat Dynamics:* Company eyes new orders worth ₹20,000 crore over next 2-3 years. (Positive)
*Ahluwalia Contracts:* Company wins order Worth 483 Cr rupees (Positive)
*RVNL:* Company gets order worth Rs 394 crore from Bangalore Metro Rail Corp. (Positive)
*Auto Stocks:* Hyundai Motor to file RHP over the next 2 weeks: ET SOURCES (Positive)
*Power Grid:* Company says successfully commissioned project under central sector for Northern Region (Positive)
*Vodafone Idea:* To consider raising funds via equity shares/convertible preference shares on June 13. (Positive)
*Puravankara: Company to Consider Raising Of Funds via QIP on June 13 (Neutral)
*Kalpataru Projects:* Company board approves proposal to raise Rs 300 crore through issuance of NCDs on private placement basis. (Neutral)
*Repco Home:* Company says K.Lakshmi tendered resignation as CFO (Neutral)
*Transformers & Rectifiers:* Company opens QIP sets floor price at Rs 699.95/share. (Neutral)
*IndiGo:* Rahul Bhatia family likely to sell 2% stake for ₹3,293 crore in a block deal. (Neutral)
*Mphasis:* Company' promoter, BCP TOPCO IX, sold 2.85 crore shares. (Neutral)
*Jubilant Food;* Domino’s Pizza opens 2,000th store in India. (Neutral)
*NLC India:* Company to raise foreign currency loan up to $600 million. (Neutral)
*Bank of Baroda:* Keeps MCLR unchanged across tenures w.e.f. June 12 (Neutral)
*MPhasis:* BCP Topco IX Pte likely to sell 10.6% stake in Mphasis via block deals; base price at ₹2,350/share. (Neutral)
*Kalpataru Projects:* Company will issue 30,000 NCDs with a face value of Rs 1 lakh each to raise Rs 300 crore. (Neutral)
*Honasa:* Fireside, Sofina Ventures to sell up to 2% stake of Honasa Cons worth ₹273.2 cr via block, floor price ₹421.3/Sh (Neutral)
*KIOCL:* Company says operation of Pellet Plant Unit at Mangalore has suspended production
*IRB Infra:* Cintra (Ferrovial Affiliate) likely to sell 5% stake of IRB Infra, deal price range is ₹63/sh to ₹70.16/sh
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
*News Headlines from Business News Agencies :*
*Business Standard :*
Nvidia triggers speculations over possible Dow inclusion after stock split
India's MF assets at Rs 58.6 trillion in May, up nearly Rs 10 trn in a year
HCLTech launches Enterprise AI Foundry to streamline, scale enterprise AI
ARCs to see 500-700 bps higher recoveries from residential realty: CRISIL
Cognizant to acquire Belcan for $1.3 bn to boost engineering capabilities
Jaypee Infra insolvency: Suraksha to pay 1st tranche to YEIDA before Aug 24
SAIL-Bhilai supplies 4,000 tonnes of heat-treated rails to Railways
UP govt steps up land acquisition for Amritsar-Kolkata Industrial Corridor
Southeast Asia emerges as top choice for Indian tourists, finds Oyo report
High property prices to boost debt recovery from realty projects: Report
Reliance Power becomes debt free on standalone basis; clears pending dues
Citroen inks MoU with CAB-EEZ Infra Tech to supply 2,000 units of e-C3 EVs
*Economic Times* :*
JSW Energy begins construction of 1 GWh battery energy storage project in Rajasthan
SBI Mutual Fund first one to cross Rs 10 lakh crore AAUM milestone
Havells India partners with Jumbo Group for kitchen appliances in UAE
Sebi proposes stricter norms for inclusion of derivative trading on individual stocks
May auto retails impacted by heatwave and elections, dip 5.3% MoM: FADA
Retail buyers oversubscribe Ixigo IPO within hours on debut
Tata Motors to launch multiple electric cars under Avinya brand: Report
Consumer sector in focus post-election results! D-Mart, Tata Consumer could give 12-18% in 1 year
Axiscades Technologies to supply drone systems to Indian Army under Rs 100 crore order
MahaRERA keeps registration of 1,750 lapsed housing projects in abeyance
Parag Parikh Flexi Cap Fund increases stake in ITC, HDFC and Kotak
*Mint :*
Equity mutual fund inflows skyrocket to record ₹34,697 crore in May: AMFI
Rapid growth in India's ad market, China's slowing: Mindshare Asia Pacific CEO
NTPC eyes $50 billion capex to transform into a complete energy company
Centre plans stringent policy measures for reducing pulses and edible oil import
Xiaomi India eyes increased localization, Apple-like ecosystem
Blackstone sells Mphasis tranche in early Monday trade
Kronox Lab Sciences share price lists at ₹165, a 21% premium to IPO price
Gold prices dip on strong US dollar as China pauses buying yellow metal
SEBI mulls boosting NRI/ OCI participation in IFSC-based FPIs
Shyam Metalics May stainless steel production down 28.1% MoM at 4,949 Tonnes
The Leela Hotels IPO valued at $2.5 billion in dramatic turnaround
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*Business Standard :*
Nvidia triggers speculations over possible Dow inclusion after stock split
India's MF assets at Rs 58.6 trillion in May, up nearly Rs 10 trn in a year
HCLTech launches Enterprise AI Foundry to streamline, scale enterprise AI
ARCs to see 500-700 bps higher recoveries from residential realty: CRISIL
Cognizant to acquire Belcan for $1.3 bn to boost engineering capabilities
Jaypee Infra insolvency: Suraksha to pay 1st tranche to YEIDA before Aug 24
SAIL-Bhilai supplies 4,000 tonnes of heat-treated rails to Railways
UP govt steps up land acquisition for Amritsar-Kolkata Industrial Corridor
Southeast Asia emerges as top choice for Indian tourists, finds Oyo report
High property prices to boost debt recovery from realty projects: Report
Reliance Power becomes debt free on standalone basis; clears pending dues
Citroen inks MoU with CAB-EEZ Infra Tech to supply 2,000 units of e-C3 EVs
*Economic Times* :*
JSW Energy begins construction of 1 GWh battery energy storage project in Rajasthan
SBI Mutual Fund first one to cross Rs 10 lakh crore AAUM milestone
Havells India partners with Jumbo Group for kitchen appliances in UAE
Sebi proposes stricter norms for inclusion of derivative trading on individual stocks
May auto retails impacted by heatwave and elections, dip 5.3% MoM: FADA
Retail buyers oversubscribe Ixigo IPO within hours on debut
Tata Motors to launch multiple electric cars under Avinya brand: Report
Consumer sector in focus post-election results! D-Mart, Tata Consumer could give 12-18% in 1 year
Axiscades Technologies to supply drone systems to Indian Army under Rs 100 crore order
MahaRERA keeps registration of 1,750 lapsed housing projects in abeyance
Parag Parikh Flexi Cap Fund increases stake in ITC, HDFC and Kotak
*Mint :*
Equity mutual fund inflows skyrocket to record ₹34,697 crore in May: AMFI
Rapid growth in India's ad market, China's slowing: Mindshare Asia Pacific CEO
NTPC eyes $50 billion capex to transform into a complete energy company
Centre plans stringent policy measures for reducing pulses and edible oil import
Xiaomi India eyes increased localization, Apple-like ecosystem
Blackstone sells Mphasis tranche in early Monday trade
Kronox Lab Sciences share price lists at ₹165, a 21% premium to IPO price
Gold prices dip on strong US dollar as China pauses buying yellow metal
SEBI mulls boosting NRI/ OCI participation in IFSC-based FPIs
Shyam Metalics May stainless steel production down 28.1% MoM at 4,949 Tonnes
The Leela Hotels IPO valued at $2.5 billion in dramatic turnaround
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Monday, 10 June 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
India Daybook Stocks in News
*Ward wizard:* Company gets order worth $1.29 billion from Beulah International Development Corporation to revolutionize Philippines public transport with electric vehicles (Positive)
*KEC Int:* Company gets new orders worth Rs 1,061 crore across business verticals. (Positive)
*Artson Engineering:* Company gets Rs 126 crore order for engineering and construction at Guwahati International Airport (Positive)
*Vakrangee:* Company Partners with Tax2Win for Offering Income Tax Return Filing Services, GST Registration / Return and other Value Added Services on Pan India Basis. (Positive)
*IDBI Bank: Gets income tax order determining Rs 2,701.6 crore refund for AY 2016-17. (Positive)
*RVNL:* Company emerges lowest bidder for a project of Southern Railways worth ₹156.47 crore (Positive)
*Kotak Mahindra Bank:* RBI green signal to Kotak Mahindra General Insurance for 70% stake sale to Zurich Insurance. (Positive)
*Raymond:* Company to redevelop residential project in Bandra estimated to have revenue potential of over Rs 2,000 crore (Positive)
*Gulsha Polyols:* Company Updated Regarding Successful Trail Run For Grain Based Ethanol Plant Of 250 Klpd Capacity At Goalpara, Distt. Assam. (Positive)
*Sharda Motor:* Company plans to buy back up to 10,27,777 fully paid-up equity shares at INR 1,800 per share. (Positive)
*Lupin:* Company signs business transfer agreement with arm Lupin Life Sciences for trade generics business in India. (Positive)
*Adani Green:* Company to set up two wind farms in SriLanka's Mannar town and Pooneryn villages (Positive)
*HDFC AMC:* Company has approved the declaration of Interim Dividend of Rs. 70/- per equity share (Positive)
*Railtel Corp:* Company gets order worth Rs 81 crore from National Informatics Centre Services for ICT infra (Positive)
*Samvardhana Motherson:* Company and its subsidiary SMRP B.V have been upgraded to "Baa3 Stable / Investment Grade" ratings by Moody's. (Positive)
*Ami Organics:* Company says the inspection has concluded successfully on June 7, 2024 without any critical/major observation (Positive)
*EIH Associated Hotels:* Board meeting on June 14 to consider issuing Bonus Shares (Positive)
*Godawari Power:* Board to consider a buyback of equity shares on June 15. (Positive)
*Adani Enterprises:* Adani Airports handles over one million tonnes of Cargo in financial year 2024 to capture a 30.1% market share (Positive)
*PFC:* Maithan Alloys acquires shares worth Rs 101 crore of Power Finance Corp (Neutral)
*Happy Forging:* board gives in-principle approval for setting up solar power plant with investment of up to Rs 120 crore (Neutral)
*Thermax:* Nalanda Capital sells 1.2% stake in company for Rs 765 cr (Neutral)
*Tata Motors:* Company launched Altroz Racer, prices start from Rs 9.49 Lakh (Neutral)
*Petronet LNG:* Petroleum board draft regulations pose challenges for Petronet LNG pricing strategy. (Neutral)
*HDFC Bank:* Announces a reduction in its home loan rate for the 2-year tenure. (Neutral)
*ICICI Bank:* SEBI issues administrative warning to ICICI Bank on outreach for ICICI Securities delist. (Neutral)
*Borosil Renewables:* Company board approves raising up to Rs 450 crore via rights issue of shares. (Neutral)
*Dalmia Bharat:* Company has received reaffirmation in credit rating for bank facilities at CRISIL AA+; Stable / CRISIL A1+. (Neutral)
*MPhasis:* BCP Topco IX Pte likely to sell 10.6% stake in Mphasis via block deals; base price at ₹2,350/share. (Neutral)
*Dr Reddy:* Company’s manufacturing unit in Andhra Pradesh gets 4 observations from US FDA. (Neutral)
*Jubilant Pharmova:* U.S. FDA completes audit of contract manufacturing facility at Washington, issues 3 observations (Neutral)
*Gland Pharma:* Company appoints Srinivas Sadu as Executive Chairman & CEO of the company w.e.f. June 10, 2024. (Neutral)
*Suzlon:* Independent director-Mark Desaedeeleer resigns citing corporate governance standards (Neutral)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*Ward wizard:* Company gets order worth $1.29 billion from Beulah International Development Corporation to revolutionize Philippines public transport with electric vehicles (Positive)
*KEC Int:* Company gets new orders worth Rs 1,061 crore across business verticals. (Positive)
*Artson Engineering:* Company gets Rs 126 crore order for engineering and construction at Guwahati International Airport (Positive)
*Vakrangee:* Company Partners with Tax2Win for Offering Income Tax Return Filing Services, GST Registration / Return and other Value Added Services on Pan India Basis. (Positive)
*IDBI Bank: Gets income tax order determining Rs 2,701.6 crore refund for AY 2016-17. (Positive)
*RVNL:* Company emerges lowest bidder for a project of Southern Railways worth ₹156.47 crore (Positive)
*Kotak Mahindra Bank:* RBI green signal to Kotak Mahindra General Insurance for 70% stake sale to Zurich Insurance. (Positive)
*Raymond:* Company to redevelop residential project in Bandra estimated to have revenue potential of over Rs 2,000 crore (Positive)
*Gulsha Polyols:* Company Updated Regarding Successful Trail Run For Grain Based Ethanol Plant Of 250 Klpd Capacity At Goalpara, Distt. Assam. (Positive)
*Sharda Motor:* Company plans to buy back up to 10,27,777 fully paid-up equity shares at INR 1,800 per share. (Positive)
*Lupin:* Company signs business transfer agreement with arm Lupin Life Sciences for trade generics business in India. (Positive)
*Adani Green:* Company to set up two wind farms in SriLanka's Mannar town and Pooneryn villages (Positive)
*HDFC AMC:* Company has approved the declaration of Interim Dividend of Rs. 70/- per equity share (Positive)
*Railtel Corp:* Company gets order worth Rs 81 crore from National Informatics Centre Services for ICT infra (Positive)
*Samvardhana Motherson:* Company and its subsidiary SMRP B.V have been upgraded to "Baa3 Stable / Investment Grade" ratings by Moody's. (Positive)
*Ami Organics:* Company says the inspection has concluded successfully on June 7, 2024 without any critical/major observation (Positive)
*EIH Associated Hotels:* Board meeting on June 14 to consider issuing Bonus Shares (Positive)
*Godawari Power:* Board to consider a buyback of equity shares on June 15. (Positive)
*Adani Enterprises:* Adani Airports handles over one million tonnes of Cargo in financial year 2024 to capture a 30.1% market share (Positive)
*PFC:* Maithan Alloys acquires shares worth Rs 101 crore of Power Finance Corp (Neutral)
*Happy Forging:* board gives in-principle approval for setting up solar power plant with investment of up to Rs 120 crore (Neutral)
*Thermax:* Nalanda Capital sells 1.2% stake in company for Rs 765 cr (Neutral)
*Tata Motors:* Company launched Altroz Racer, prices start from Rs 9.49 Lakh (Neutral)
*Petronet LNG:* Petroleum board draft regulations pose challenges for Petronet LNG pricing strategy. (Neutral)
*HDFC Bank:* Announces a reduction in its home loan rate for the 2-year tenure. (Neutral)
*ICICI Bank:* SEBI issues administrative warning to ICICI Bank on outreach for ICICI Securities delist. (Neutral)
*Borosil Renewables:* Company board approves raising up to Rs 450 crore via rights issue of shares. (Neutral)
*Dalmia Bharat:* Company has received reaffirmation in credit rating for bank facilities at CRISIL AA+; Stable / CRISIL A1+. (Neutral)
*MPhasis:* BCP Topco IX Pte likely to sell 10.6% stake in Mphasis via block deals; base price at ₹2,350/share. (Neutral)
*Dr Reddy:* Company’s manufacturing unit in Andhra Pradesh gets 4 observations from US FDA. (Neutral)
*Jubilant Pharmova:* U.S. FDA completes audit of contract manufacturing facility at Washington, issues 3 observations (Neutral)
*Gland Pharma:* Company appoints Srinivas Sadu as Executive Chairman & CEO of the company w.e.f. June 10, 2024. (Neutral)
*Suzlon:* Independent director-Mark Desaedeeleer resigns citing corporate governance standards (Neutral)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
*News Headlines from Business News Agencies :*
*Business Standard :*
NCLT allows insolvency against Himalayan Mineral Water on J-K Bank's plea
Narendra Modi sworn in for third consecutive term as India's Prime Minister
Domestic open access solar capacity addition doubles in Jan-Mar: Mercom
Upgrading acquired Stelis unit to triple Syngene's biologics capacity by H2
Capital SFB aims to comply with conversion norms in 12-18 months
Go Air crisis: Central Bank set to auction Wadia's land for Rs 1,965 cr
India's foreign exchange reserves hit new peak of $651.5 billion
ONGC seeks technical help to raise oil, gas output at Mumbai High field
RBI proposes to revise bulk deposits limit for banks to Rs 3 crore
Expect commercial vehicle volumes to witness 4-7% dip this fiscal: ICRA
Banks need to revise plans to deal with credit and deposit growth gap: Das
Pricing challenge in US biz, rich valuations may weigh on pharma stocks
German central bank warns of inflation, lowers growth forecast for 2024
PV exports rise by 268K units in last 4 years; Maruti's biggest gainer
*Economic Times :*
India's May fuel use inches up on month on strong industrial activity
Anil Ambani's Reliance Infra to raise USD 350 mn FCCB to repay rupee debt, expansion
CFI elects Tata Projects MD & CEO Vinayak Pai as President of national council
New govt to continue to maintain focus on infra sector: Icra
PNB plans to expand its overseas footprint, to open representative office in Dubai
Tesla upgrades in-car navigation software in China, introduces lane-level guidance
Crude oil pares weekly loss as Opec+ says it can cancel supply hike
Expect RBI to cut key interest rate when inflation stabilises: India Inc
RBI says India's banking sector is sound and resilient, Gross NPA is below 3%
India showcases investment opportunities at IPEF clean economy investor forum
HSBC estimates B2B ecommerce unicorn Elastic Run valuation at $800 million
Delhi metro signs pact with Konkan railway for collaboration on upcoming projects
Akasa Air well on path to profitability; will launch more intl flights: Co-Founder Aditya Ghosh
*Mint :*
India's energy consumption to grow 90% by 2050: Rosneft CEO
TCS launches artificial intelligence platform to hasten GenAI adoption
Paytm's UPI market share declines for fourth straight month to 8% in May
Vi gets fewer consumer complaints, aims to bolster customer retention
Delhi airport wants to increase international traffic capacity by 40-50%
TR Capital sees over $200 mn annual investment opportunity in India
ONGC seeks technical partner to boost Mumbai High oil, gas output
Cult.fit's e-commerce arm to drive growth, profitability by 2025
SpiceJet settles with Raymach Technologies, vendor to withdraw insolvency case
Air India-Vistara merger: NCLT nod for India's largest international airline
FSSAI discovers food safety violations at Blinkit warehouse in Telangana
Monsoon advances in parts of Maharashtra, says IMD
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*Business Standard :*
NCLT allows insolvency against Himalayan Mineral Water on J-K Bank's plea
Narendra Modi sworn in for third consecutive term as India's Prime Minister
Domestic open access solar capacity addition doubles in Jan-Mar: Mercom
Upgrading acquired Stelis unit to triple Syngene's biologics capacity by H2
Capital SFB aims to comply with conversion norms in 12-18 months
Go Air crisis: Central Bank set to auction Wadia's land for Rs 1,965 cr
India's foreign exchange reserves hit new peak of $651.5 billion
ONGC seeks technical help to raise oil, gas output at Mumbai High field
RBI proposes to revise bulk deposits limit for banks to Rs 3 crore
Expect commercial vehicle volumes to witness 4-7% dip this fiscal: ICRA
Banks need to revise plans to deal with credit and deposit growth gap: Das
Pricing challenge in US biz, rich valuations may weigh on pharma stocks
German central bank warns of inflation, lowers growth forecast for 2024
PV exports rise by 268K units in last 4 years; Maruti's biggest gainer
*Economic Times :*
India's May fuel use inches up on month on strong industrial activity
Anil Ambani's Reliance Infra to raise USD 350 mn FCCB to repay rupee debt, expansion
CFI elects Tata Projects MD & CEO Vinayak Pai as President of national council
New govt to continue to maintain focus on infra sector: Icra
PNB plans to expand its overseas footprint, to open representative office in Dubai
Tesla upgrades in-car navigation software in China, introduces lane-level guidance
Crude oil pares weekly loss as Opec+ says it can cancel supply hike
Expect RBI to cut key interest rate when inflation stabilises: India Inc
RBI says India's banking sector is sound and resilient, Gross NPA is below 3%
India showcases investment opportunities at IPEF clean economy investor forum
HSBC estimates B2B ecommerce unicorn Elastic Run valuation at $800 million
Delhi metro signs pact with Konkan railway for collaboration on upcoming projects
Akasa Air well on path to profitability; will launch more intl flights: Co-Founder Aditya Ghosh
*Mint :*
India's energy consumption to grow 90% by 2050: Rosneft CEO
TCS launches artificial intelligence platform to hasten GenAI adoption
Paytm's UPI market share declines for fourth straight month to 8% in May
Vi gets fewer consumer complaints, aims to bolster customer retention
Delhi airport wants to increase international traffic capacity by 40-50%
TR Capital sees over $200 mn annual investment opportunity in India
ONGC seeks technical partner to boost Mumbai High oil, gas output
Cult.fit's e-commerce arm to drive growth, profitability by 2025
SpiceJet settles with Raymach Technologies, vendor to withdraw insolvency case
Air India-Vistara merger: NCLT nod for India's largest international airline
FSSAI discovers food safety violations at Blinkit warehouse in Telangana
Monsoon advances in parts of Maharashtra, says IMD
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Sunday, 9 June 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
Today's Headlines :
*Economic Times*
CBIC orders release of imports without delay
FPIs net sellers of Indian equities at Rs 14,794 crore in June so far
Monsoon reaches Odisha ahead of schedule
CCI proposes amendments to general rules, seeks stakeholder feedback
Indian Navy gets first woman helicopter pilot
Kotak Mutual Fund, two others file draft documents with Sebi for 4 funds
*Business Standard*
Bajaj Housing Finance files papers with Sebi for Rs 7,000 crore IPO
IPOs of Flipkart, PhonePe could take couple of years, says Walmart exec
As Nvidia hits $3 trn, Jensen Huang's wealth surpasses Michael Dell's
Maharashtra, Karnataka, Delhi top UK's investment flows from India: Report
Mumbai's first Metro line completes 10 years, makes 1.1 million trips
TVS Motor recalls select units of iQube electric two-wheeler for inspection
USFDA issues Form 483 with four observations to Dr Reddy's API unit
Torrent Group market capitalisation doubles to $20 billlion in one year
*Financial Express*
Energy policy continuity likely, but PSUs fear regulatory risks
IT firms move in slow track on hiring & wages
Sebi mandates direct payout of securities to clients
*Mint*
Oil posts third weekly loss on delayed US Fed cuts; Brent at $79
Paytm's UPI market share declines for fourth straight month to 8% in May
Rural consumption improved 40% over a decade, says government survey
ixigo IPO garners ₹333 crore via anchor book ahead of public issue
As Europe’s carbon tax hovers closer, India rushes steelmakers to go green
US yields jump as job growth surges, wage gains accelerate in May
Internet group sues Georgia to block law requiring sites to gather data on sellers.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*Economic Times*
CBIC orders release of imports without delay
FPIs net sellers of Indian equities at Rs 14,794 crore in June so far
Monsoon reaches Odisha ahead of schedule
CCI proposes amendments to general rules, seeks stakeholder feedback
Indian Navy gets first woman helicopter pilot
Kotak Mutual Fund, two others file draft documents with Sebi for 4 funds
*Business Standard*
Bajaj Housing Finance files papers with Sebi for Rs 7,000 crore IPO
IPOs of Flipkart, PhonePe could take couple of years, says Walmart exec
As Nvidia hits $3 trn, Jensen Huang's wealth surpasses Michael Dell's
Maharashtra, Karnataka, Delhi top UK's investment flows from India: Report
Mumbai's first Metro line completes 10 years, makes 1.1 million trips
TVS Motor recalls select units of iQube electric two-wheeler for inspection
USFDA issues Form 483 with four observations to Dr Reddy's API unit
Torrent Group market capitalisation doubles to $20 billlion in one year
*Financial Express*
Energy policy continuity likely, but PSUs fear regulatory risks
IT firms move in slow track on hiring & wages
Sebi mandates direct payout of securities to clients
*Mint*
Oil posts third weekly loss on delayed US Fed cuts; Brent at $79
Paytm's UPI market share declines for fourth straight month to 8% in May
Rural consumption improved 40% over a decade, says government survey
ixigo IPO garners ₹333 crore via anchor book ahead of public issue
As Europe’s carbon tax hovers closer, India rushes steelmakers to go green
US yields jump as job growth surges, wage gains accelerate in May
Internet group sues Georgia to block law requiring sites to gather data on sellers.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Friday, 7 June 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
MS on Chemicals
Still not out of the woods
Downgrade SRF/Aarti to EW & Tata Chem to UW
Fiscal 2025 should be a story of monetisation & restocking as vol traction improves across multiple end markets, tempered by competition and uncertain pricing dynamics.
Remain on sidelines
SRF – Downgrade to EW, TP cut to Rs2,115 from Rs2,557
Aarti – Downgrade to EW, TP Rs 613 from Rs575
Tata Chem – Downgrade to UW, TP cut to Rs 843 from Rs904
Jefferies Greed & Fear
GREED & fear will shave the weighting in public sector companies in the long-only India portfolio Weightings in ICICI Bank, State Bank of India, REC Limited and Coal India will be reduced by one percentage point each.
Investment in PolicyBazaar will be introduced with a 4% weighting
As for the Asia ex-Japan long-only portfolio, the investment in JSW Energy will be increased by one percentage point by shaving the investment in State Bank of India.
Citi on Gas
PNGRB has now issued draft regulations that seek to bring LNG terminals under its purview
move intends to increase regulatory oversight operation of LNG terminals
this could manifest in the form of uncertainty on the strong pricing power that Petronet LNG currently.
Jefferies on Gas Sector
Govt is reviving talks to include NG under GST.
Among 4 key states that could hold sway, 3 are under the ruling NDA.
GAIL's consol Ebitda could rise 2% assuming it retains benefit in LPG segment
GUJGA's competitiveness to propane would improve by 6%
Kotak Inst Eqt on Interglobe Aviation
Buy, TP Raised to Rs 5700 from Rs 5100
Factor in Indigo moving toward its historical peak of spreads over FY2026-27
Recent sound bites from Industry experts suggest most challengers to Indigo will see another year of stiff losses in FY2025
CLSA on ZEE Ent
U-P, TP Rs 150
Board approves Rs20bn fundraising as sector landscape is changing
With this fundraising, think Zee is looking to fortify ahead of increased competition
Await fundraising & Co’s growth pursuit
Low promoter ownership of 4% remains a key challenge
CLSA on OMCs
Given a weaker-than-expected election mandate, fears of a more populist government have risen.
This, along with falling margins, may drive a de-rating of OMCs
Prefer ONGC over IOCL, BPCL and HPCL.
CLSA on Power Sector
Modi 3.0—100-day power plan
NTPC is leading way with 8.8GW of tenders announced this week
While believe off-shore wind subsidies could be postponed, hydro policy is important for India’s net zero.
NTPC, NHPC, PWGR & BHEL are key beneficiary
MS on Wipro
UW, TP Rs 421
Mega-deal ($500m for 5 ys) in US could be taken positively – especially when discretionary spending environment still remains tight
Believe that even though such large deals add to visibility on rev growth, near-term growth could lag peers
MOSL On BEL
Buy, TP Rs 310
Despite reduced majority, expect that upcoming government’s policy focus on investment-led growth, capex, infrastructure, manufacturing,& defense will continue
Co’s order inflows for FY24 were far ahead of its guidance
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Still not out of the woods
Downgrade SRF/Aarti to EW & Tata Chem to UW
Fiscal 2025 should be a story of monetisation & restocking as vol traction improves across multiple end markets, tempered by competition and uncertain pricing dynamics.
Remain on sidelines
SRF – Downgrade to EW, TP cut to Rs2,115 from Rs2,557
Aarti – Downgrade to EW, TP Rs 613 from Rs575
Tata Chem – Downgrade to UW, TP cut to Rs 843 from Rs904
Jefferies Greed & Fear
GREED & fear will shave the weighting in public sector companies in the long-only India portfolio Weightings in ICICI Bank, State Bank of India, REC Limited and Coal India will be reduced by one percentage point each.
Investment in PolicyBazaar will be introduced with a 4% weighting
As for the Asia ex-Japan long-only portfolio, the investment in JSW Energy will be increased by one percentage point by shaving the investment in State Bank of India.
Citi on Gas
PNGRB has now issued draft regulations that seek to bring LNG terminals under its purview
move intends to increase regulatory oversight operation of LNG terminals
this could manifest in the form of uncertainty on the strong pricing power that Petronet LNG currently.
Jefferies on Gas Sector
Govt is reviving talks to include NG under GST.
Among 4 key states that could hold sway, 3 are under the ruling NDA.
GAIL's consol Ebitda could rise 2% assuming it retains benefit in LPG segment
GUJGA's competitiveness to propane would improve by 6%
Kotak Inst Eqt on Interglobe Aviation
Buy, TP Raised to Rs 5700 from Rs 5100
Factor in Indigo moving toward its historical peak of spreads over FY2026-27
Recent sound bites from Industry experts suggest most challengers to Indigo will see another year of stiff losses in FY2025
CLSA on ZEE Ent
U-P, TP Rs 150
Board approves Rs20bn fundraising as sector landscape is changing
With this fundraising, think Zee is looking to fortify ahead of increased competition
Await fundraising & Co’s growth pursuit
Low promoter ownership of 4% remains a key challenge
CLSA on OMCs
Given a weaker-than-expected election mandate, fears of a more populist government have risen.
This, along with falling margins, may drive a de-rating of OMCs
Prefer ONGC over IOCL, BPCL and HPCL.
CLSA on Power Sector
Modi 3.0—100-day power plan
NTPC is leading way with 8.8GW of tenders announced this week
While believe off-shore wind subsidies could be postponed, hydro policy is important for India’s net zero.
NTPC, NHPC, PWGR & BHEL are key beneficiary
MS on Wipro
UW, TP Rs 421
Mega-deal ($500m for 5 ys) in US could be taken positively – especially when discretionary spending environment still remains tight
Believe that even though such large deals add to visibility on rev growth, near-term growth could lag peers
MOSL On BEL
Buy, TP Rs 310
Despite reduced majority, expect that upcoming government’s policy focus on investment-led growth, capex, infrastructure, manufacturing,& defense will continue
Co’s order inflows for FY24 were far ahead of its guidance
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
India Daybook Stocks in News
*Mastek:* Company introduces icxPro platform with Nvidia AI (Positive)
*Muthoot Microfin:* Company enters into co-lending agreement with SBI to empower women entrepreneurs (Positive)
*Dixon Tech:* Company signs term sheet with HKC Corp for prospective Joint Venture (Positive)
*Wipro:* Company gets order worth of $ 500 mln (Rs 4175 crore) by U.S. communication company. (Positive)
*Zen Tech:* Company gets India Patent for TZS (Laser Boresighting), it’s valid up to July 22, 2036. (Positive)
*Indoco Remedies:* Company gets tentative USFDA nod for generic of Invokamet (Positive)
*Orchid Pharma:* Company receives DCGI approval to market a new antibiotic drug combination. (Positive)
*Ashoka:* Company executes EPC agreement worth euros 18.50 m with Serneke International Group AB, Sweden. (Positive)
*RVNL:* Company receives Letter of Award from National Thermal Power Corporation for Project Execution Agency (PEA) contract worth Rs.495 crore. (Positive)
*MPHASIS:* Company earns specialized pega partner distinction in americas for insurance (Positive)
*Bajaj Finance:* Bajaj Housing Finance: Company approves an initial public offering of Rs 4,000 cr new shares (Positive)
*Tvs Srichakra:* Company Says Tvs Eurogrip Tyres Launches Steel Belted Agro Industrial Radial Tyres at the Tire Show in Cologne, Germany (Positive)
*IRB Infra:* The combined toll collections for the month amounted to ₹536 crore, up from ₹411 crore collected in May 2023 (Positive)
*Welspun Enterprises:* Indian Oil Corp agrees to amicably settle suit by mediation proceeds by Delhi HC (Positive)
*Allcargo:* Company signs MoU with Kences Container Terminal (KCTL) to operate a KCTL’s container freight station at Chennai for business/ capacity expansion (Positive)
*Mankind Pharma:* Consortium of Warbug Pincus and Chrys Capital will compete with TPG, Blacstong, EQT & Mankind to acquire BSV Group (Positive)
*HUL:* Company appoints Arun Neelakantan as Executive Director with effect from July 1 (Neutral)
*Pidilite:* Company divests its entire shareholding in an associate company, Climacrew (Neutral)
*ICICI Bank:* SEBI issues administrative warning to ICICI Bank on outreach for ICICI Securities delist. (Neutral)
*Tata Steel:* NCLT approves Scheme of Amalgamation of Bhubaneshwar Power Private with company. (Neutral)
*Zee Entertainment:* Company’s board has approved a fund raise of up to ₹2,000 crore. (Neutral)
*ITC:* Company shareholders approve demerger of hotels business with 99.6% majority (Neutral)
*HIND ZINC:* Company announces 14% decrease in GHG emission intensity in just 4 years. (Neutral)
*PB Fintech:* SEBI issues show cause notice to CEO Yashish Dahiya. (Neutral)
*Alkem Lab:* Company to invest Rs 30 crore in Compulsorily Convertible Preference Shares of Haystack Analytics Private. (Neutral)
*Tata Chemicals:* UK’s Chester Crown Court orders Tata Chemicals Europe to pay GBP 1.1 m of fine for a safety incident which occurred in 2016 (Neutral)
*HDFC AMC:* Board meeting today to Consider Interim Dividend (Neutral)
*TCS:* Press conference today for Industry-First GenAI Announcement (Neutral)
*Tata Motors:* Tata Altroz Racer To Be Launched today (Neutral)
*Trident:* Company Update on Fire Accident in Manufacturing Facilities at Dhaula, Punjab
*Hero MotoCorp:* Board approves purchase of additional shares of up to 2.2% of Ather Energy for ₹124 crore
*ZF Commercial:* Promoters looking to sell 4-5% stake worth Rs 1500cr
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*Mastek:* Company introduces icxPro platform with Nvidia AI (Positive)
*Muthoot Microfin:* Company enters into co-lending agreement with SBI to empower women entrepreneurs (Positive)
*Dixon Tech:* Company signs term sheet with HKC Corp for prospective Joint Venture (Positive)
*Wipro:* Company gets order worth of $ 500 mln (Rs 4175 crore) by U.S. communication company. (Positive)
*Zen Tech:* Company gets India Patent for TZS (Laser Boresighting), it’s valid up to July 22, 2036. (Positive)
*Indoco Remedies:* Company gets tentative USFDA nod for generic of Invokamet (Positive)
*Orchid Pharma:* Company receives DCGI approval to market a new antibiotic drug combination. (Positive)
*Ashoka:* Company executes EPC agreement worth euros 18.50 m with Serneke International Group AB, Sweden. (Positive)
*RVNL:* Company receives Letter of Award from National Thermal Power Corporation for Project Execution Agency (PEA) contract worth Rs.495 crore. (Positive)
*MPHASIS:* Company earns specialized pega partner distinction in americas for insurance (Positive)
*Bajaj Finance:* Bajaj Housing Finance: Company approves an initial public offering of Rs 4,000 cr new shares (Positive)
*Tvs Srichakra:* Company Says Tvs Eurogrip Tyres Launches Steel Belted Agro Industrial Radial Tyres at the Tire Show in Cologne, Germany (Positive)
*IRB Infra:* The combined toll collections for the month amounted to ₹536 crore, up from ₹411 crore collected in May 2023 (Positive)
*Welspun Enterprises:* Indian Oil Corp agrees to amicably settle suit by mediation proceeds by Delhi HC (Positive)
*Allcargo:* Company signs MoU with Kences Container Terminal (KCTL) to operate a KCTL’s container freight station at Chennai for business/ capacity expansion (Positive)
*Mankind Pharma:* Consortium of Warbug Pincus and Chrys Capital will compete with TPG, Blacstong, EQT & Mankind to acquire BSV Group (Positive)
*HUL:* Company appoints Arun Neelakantan as Executive Director with effect from July 1 (Neutral)
*Pidilite:* Company divests its entire shareholding in an associate company, Climacrew (Neutral)
*ICICI Bank:* SEBI issues administrative warning to ICICI Bank on outreach for ICICI Securities delist. (Neutral)
*Tata Steel:* NCLT approves Scheme of Amalgamation of Bhubaneshwar Power Private with company. (Neutral)
*Zee Entertainment:* Company’s board has approved a fund raise of up to ₹2,000 crore. (Neutral)
*ITC:* Company shareholders approve demerger of hotels business with 99.6% majority (Neutral)
*HIND ZINC:* Company announces 14% decrease in GHG emission intensity in just 4 years. (Neutral)
*PB Fintech:* SEBI issues show cause notice to CEO Yashish Dahiya. (Neutral)
*Alkem Lab:* Company to invest Rs 30 crore in Compulsorily Convertible Preference Shares of Haystack Analytics Private. (Neutral)
*Tata Chemicals:* UK’s Chester Crown Court orders Tata Chemicals Europe to pay GBP 1.1 m of fine for a safety incident which occurred in 2016 (Neutral)
*HDFC AMC:* Board meeting today to Consider Interim Dividend (Neutral)
*TCS:* Press conference today for Industry-First GenAI Announcement (Neutral)
*Tata Motors:* Tata Altroz Racer To Be Launched today (Neutral)
*Trident:* Company Update on Fire Accident in Manufacturing Facilities at Dhaula, Punjab
*Hero MotoCorp:* Board approves purchase of additional shares of up to 2.2% of Ather Energy for ₹124 crore
*ZF Commercial:* Promoters looking to sell 4-5% stake worth Rs 1500cr
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
*News Headlines from Business News Agencies :*
*Business Standard :*
NCLAT dismisses plea filed by foreign investors against edtech giant Byju's
Domestic air passenger traffic grows 5.1% to about 138.9 mn in May: ICRA
Sebi warns ICICI Bank over investor outreach for ICICI Securities delisting
Orient Green Power eyeing to raise authorised share capital to Rs 2,500 cr
Over $23 bn of sustainable infra projects identified at IPEF eco forum meet
AC sales may touch new record of 14 mn units by end of 2024: CEAMA
PNB MetLife appoints Sameer Bansal as MD, CEO; to succeed Ashish Srivastava
BlackRock, Citadel Sec-backed group to start new stock exchange in Texas
Nisaba Godrej resigns from VIP Industries board over leadership differences
Google acquires Cameyo to bring vistualised Windows apps on ChromeOS
Nazara Tech arm to acquire US-based Soap Central
Kalpataru Projects Board to meet on June 10 to mull fund raise
*Economic Times :*
Tata Steel says in talks with Dutch govt on proposed decarbonisation roadmap
Zoho applies for semiconductor manufacturing facility in India
RBI sets up panel to track online payment frauds; AP Hota to head committee
ZEE board approves raising upto Rs 2,000 crore through equity or other modes
SBI and Muthoot Microfin join forces to support women entrepreneurs
Paytm reports almost flat growth in UPI payments in May
Sebi issues financial disincentives guidelines for bourses, other MIIs for surveillance lapses
China says it never uses EV subsidies barred by WTO
China's Space Pioneer raises $207 million to fund rocket development
India to spend up to $385 bln to meet renewable energy target, Moody's Ratings estimates
Sony India elevates Jaideep Janakiram to head of International business
*Mint :*
Wipro bags $550 million-deal from US communication service provider
HUL appoints Arun Neelakantan as executive director-customer development
Eighth round of India-EU free trade talks to start on 23 June
Struggling MX Player to offload key assets to Amazon
BJP's inability to get majority could hurt ambitious reform agenda: Fitch
ITC shareholders approve demerger of hotel biz with 99.6% majority votes
Centre plans to procure 1mt of chana dal at market price to replenish buffer
Chinese battery suppliers tied to Ford, VW should be banned, GOP lawmakers say
Cummins India battles stiff competition, export challenges
Bigbasket eyes quick commerce for electronics with Croma tie-up
Federal regulators grant antitrust probe into Microsoft, OpenAI and Nvidia
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*Business Standard :*
NCLAT dismisses plea filed by foreign investors against edtech giant Byju's
Domestic air passenger traffic grows 5.1% to about 138.9 mn in May: ICRA
Sebi warns ICICI Bank over investor outreach for ICICI Securities delisting
Orient Green Power eyeing to raise authorised share capital to Rs 2,500 cr
Over $23 bn of sustainable infra projects identified at IPEF eco forum meet
AC sales may touch new record of 14 mn units by end of 2024: CEAMA
PNB MetLife appoints Sameer Bansal as MD, CEO; to succeed Ashish Srivastava
BlackRock, Citadel Sec-backed group to start new stock exchange in Texas
Nisaba Godrej resigns from VIP Industries board over leadership differences
Google acquires Cameyo to bring vistualised Windows apps on ChromeOS
Nazara Tech arm to acquire US-based Soap Central
Kalpataru Projects Board to meet on June 10 to mull fund raise
*Economic Times :*
Tata Steel says in talks with Dutch govt on proposed decarbonisation roadmap
Zoho applies for semiconductor manufacturing facility in India
RBI sets up panel to track online payment frauds; AP Hota to head committee
ZEE board approves raising upto Rs 2,000 crore through equity or other modes
SBI and Muthoot Microfin join forces to support women entrepreneurs
Paytm reports almost flat growth in UPI payments in May
Sebi issues financial disincentives guidelines for bourses, other MIIs for surveillance lapses
China says it never uses EV subsidies barred by WTO
China's Space Pioneer raises $207 million to fund rocket development
India to spend up to $385 bln to meet renewable energy target, Moody's Ratings estimates
Sony India elevates Jaideep Janakiram to head of International business
*Mint :*
Wipro bags $550 million-deal from US communication service provider
HUL appoints Arun Neelakantan as executive director-customer development
Eighth round of India-EU free trade talks to start on 23 June
Struggling MX Player to offload key assets to Amazon
BJP's inability to get majority could hurt ambitious reform agenda: Fitch
ITC shareholders approve demerger of hotel biz with 99.6% majority votes
Centre plans to procure 1mt of chana dal at market price to replenish buffer
Chinese battery suppliers tied to Ford, VW should be banned, GOP lawmakers say
Cummins India battles stiff competition, export challenges
Bigbasket eyes quick commerce for electronics with Croma tie-up
Federal regulators grant antitrust probe into Microsoft, OpenAI and Nvidia
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Thursday, 6 June 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
6/6/2024
BSE:+692(75074)
NSE:+201(22821)
B.NIFTY:+237(49291)
MID:+969(43555)
SML:+1416(47693)
FII|FPI:-6867Cr
DII:+3718Cr
B.Crude: 79
Gold$:2362=INR: 72754
Silver: 91250
$/Rs: 83.47
7.18 : 2033 G-Sec: 7.06
NSE PE: 21.71
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
BSE:+692(75074)
NSE:+201(22821)
B.NIFTY:+237(49291)
MID:+969(43555)
SML:+1416(47693)
FII|FPI:-6867Cr
DII:+3718Cr
B.Crude: 79
Gold$:2362=INR: 72754
Silver: 91250
$/Rs: 83.47
7.18 : 2033 G-Sec: 7.06
NSE PE: 21.71
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
Latest news LIVE: ECB cuts interest rates by 25 bps for first time since 2019
https://www.moneycontrol.com/news/india/latest-news-live-updates-breaking-national-updates-world-news-live-international-affairs-key-headlines-weather-updates-political-news-liveblog-12742359.html
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
https://www.moneycontrol.com/news/india/latest-news-live-updates-breaking-national-updates-world-news-live-international-affairs-key-headlines-weather-updates-political-news-liveblog-12742359.html
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
*News Headlines from Business News Agencies :*
*Business Standard :*
NSE breaks world record with 19.71 billion single-day orders: NSE CEO
Isro Chairman inaugurates HAL facilities, boosting rocket manufacturing
Maruti Suzuki to invest Rs 450 crore in renewable energy initiative
Murugappa Group's EV arm to raise Rs 310 crore from M&G Investments
SpiceJet plans to raise $250 million by mid-August, says Ajay Singh
MeitY will continue momentum in new govt by building on past legacies: Secy
Fintech firm Fibe raises $90 mn in funding round led by TR Capital
Ministry of steel bets against limiting imports of key raw material
Govt studying 300 airstrips to develop brownfield airports: Aviation secy
May services growth at five-month low as domestic demand weakens
PGIM India MF remains overweight, with bias for long-duration govt bonds
Shortage of pilots, cabin crews 'far more serious' than visible: CAPA India
*Economic Times :*
Peak power demand bounces back to nearly 241 GW on Tuesday
Dutch may pay as much as €3 billion to clean up Tata Steel plant
Sebi makes process of securities payout directly to client account mandatory
Kotak Bank gets RBI nod to sell 70 pc stake in general insurance arm to Zurich Insurance
Vistara nimble enough to make course corrections: CEO Vinod Kannan
DoT to undertake MSME survey to push industry 4.0 applications
Boeing tries again to launch NASA astronauts for the first time after latest round of repairs
Airtel, Jio free cash flow seen rising amid falling capex spends, growing ARPU
Elliott rebuilds stake in SoftBank and pushes for $15 billion buyback: Report
Air India Express bets on growth opportunities, group synergies
SAP aims to double embedded AI use cases to 100 by year-end: SAP CEO
*Mint :*
Fitch affirms India's rating outlook as stable
Indian Airlines face bigger losses in FY25 despite higher demand: CAPA India
We could have handled the delays better, says Air India CEO Campbell Wilson
It takes market about one week after poll results to revert to pre-election levels, says JPMorgan
Abu Dhabi's Adnoc offers India a stake in its upcoming LNG liquefaction terminal
Cheap Vietnamese steel imports start their ascent in Indian domestic market
Indian Oil signs JV with Singapore-based Sun Mobility for battery swapping business
Byju's term-loan lenders kick off bankruptcy proceedings against its US assets
Call for Sebi investigation into market manipulation via exit polls gets louder
Mahindra Manulife Mutual Fund launches Manufacturing Fund
Asia’s chip giants hustle to maintain their edge over the US
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*Business Standard :*
NSE breaks world record with 19.71 billion single-day orders: NSE CEO
Isro Chairman inaugurates HAL facilities, boosting rocket manufacturing
Maruti Suzuki to invest Rs 450 crore in renewable energy initiative
Murugappa Group's EV arm to raise Rs 310 crore from M&G Investments
SpiceJet plans to raise $250 million by mid-August, says Ajay Singh
MeitY will continue momentum in new govt by building on past legacies: Secy
Fintech firm Fibe raises $90 mn in funding round led by TR Capital
Ministry of steel bets against limiting imports of key raw material
Govt studying 300 airstrips to develop brownfield airports: Aviation secy
May services growth at five-month low as domestic demand weakens
PGIM India MF remains overweight, with bias for long-duration govt bonds
Shortage of pilots, cabin crews 'far more serious' than visible: CAPA India
*Economic Times :*
Peak power demand bounces back to nearly 241 GW on Tuesday
Dutch may pay as much as €3 billion to clean up Tata Steel plant
Sebi makes process of securities payout directly to client account mandatory
Kotak Bank gets RBI nod to sell 70 pc stake in general insurance arm to Zurich Insurance
Vistara nimble enough to make course corrections: CEO Vinod Kannan
DoT to undertake MSME survey to push industry 4.0 applications
Boeing tries again to launch NASA astronauts for the first time after latest round of repairs
Airtel, Jio free cash flow seen rising amid falling capex spends, growing ARPU
Elliott rebuilds stake in SoftBank and pushes for $15 billion buyback: Report
Air India Express bets on growth opportunities, group synergies
SAP aims to double embedded AI use cases to 100 by year-end: SAP CEO
*Mint :*
Fitch affirms India's rating outlook as stable
Indian Airlines face bigger losses in FY25 despite higher demand: CAPA India
We could have handled the delays better, says Air India CEO Campbell Wilson
It takes market about one week after poll results to revert to pre-election levels, says JPMorgan
Abu Dhabi's Adnoc offers India a stake in its upcoming LNG liquefaction terminal
Cheap Vietnamese steel imports start their ascent in Indian domestic market
Indian Oil signs JV with Singapore-based Sun Mobility for battery swapping business
Byju's term-loan lenders kick off bankruptcy proceedings against its US assets
Call for Sebi investigation into market manipulation via exit polls gets louder
Mahindra Manulife Mutual Fund launches Manufacturing Fund
Asia’s chip giants hustle to maintain their edge over the US
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
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