Very Imp Decisions taken in 50th GST council meeting today. Brief given below
1. Transporters will not be required to file declaration for paying GST under forward charge every year
2. No RCM on services supplied by a director of a company to the company in his private or personal capacity such as supplying services by way of renting of immovable property to the company
3. Relief for taxpayer, Govt extended the special procedure regarding mismatch in ITC availed in GSTR-3B and 2A for two more years i.e 2019-20 and 2020-21
4. Amnesty schemes notified vide notifications dated 31.03.2023 regarding non-filers of FORM GSTR-4, FORM GSTR-9 & FORM GSTR-10 returns, revocation of cancellation of registration extended till 31.08.2023
5. To do away with the requirement that the physical verification of business premises is to be conducted in the presence of the applicant
6. To provide for physical verification in high risk cases even where Aadhaar has been authenticated.
7. System-based intimation to the taxpayers in respect of the excess availment of ITC in FORM GSTR-3B vis a vis that made available in FORM GSTR-2B
8. Supply of food and beverages in cinema halls is taxable at 5%
9. If the sale of cinema ticket and supply of food and beverages clubbed together then gst rate of cinema ticket will apply
10. 28% GST on the value of the chips purchased in casinos
11. 28% GST on the full value of the bets placed in Online Gaming
12. GST Appellate tribunal will be started in a phased manner
13. Relaxations provided in FY 2021-22 in respect of various tables of FORM GSTR-9 and FORM GSTR-9C be continued for FY 2022-23
14. No GSTR-9 for turnover upto 2 crores
15. Input Services Distributor (ISD) mechanism is not mandatory for distribution of input tax credit of common input services procured from third parties to the distinct persons as per the present provisions of GST law. Amendment may be made in GST law to make ISD mechanism mandatory prospectively
16. Detailed Circular to be issued to provide clarity on liability to reverse input tax credit in cases involving warranty replacement of parts and repair services during warranty period
17. Refund of accumulated input tax credit (ITC) to be restricted to ITC appearing in FORM GSTR-2B
18. Only Name of state on tax invoice, not the name and full address of the recipient, in cases of supply of taxable services by or through an ECO
1. Transporters will not be required to file declaration for paying GST under forward charge every year
2. No RCM on services supplied by a director of a company to the company in his private or personal capacity such as supplying services by way of renting of immovable property to the company
3. Relief for taxpayer, Govt extended the special procedure regarding mismatch in ITC availed in GSTR-3B and 2A for two more years i.e 2019-20 and 2020-21
4. Amnesty schemes notified vide notifications dated 31.03.2023 regarding non-filers of FORM GSTR-4, FORM GSTR-9 & FORM GSTR-10 returns, revocation of cancellation of registration extended till 31.08.2023
5. To do away with the requirement that the physical verification of business premises is to be conducted in the presence of the applicant
6. To provide for physical verification in high risk cases even where Aadhaar has been authenticated.
7. System-based intimation to the taxpayers in respect of the excess availment of ITC in FORM GSTR-3B vis a vis that made available in FORM GSTR-2B
8. Supply of food and beverages in cinema halls is taxable at 5%
9. If the sale of cinema ticket and supply of food and beverages clubbed together then gst rate of cinema ticket will apply
10. 28% GST on the value of the chips purchased in casinos
11. 28% GST on the full value of the bets placed in Online Gaming
12. GST Appellate tribunal will be started in a phased manner
13. Relaxations provided in FY 2021-22 in respect of various tables of FORM GSTR-9 and FORM GSTR-9C be continued for FY 2022-23
14. No GSTR-9 for turnover upto 2 crores
15. Input Services Distributor (ISD) mechanism is not mandatory for distribution of input tax credit of common input services procured from third parties to the distinct persons as per the present provisions of GST law. Amendment may be made in GST law to make ISD mechanism mandatory prospectively
16. Detailed Circular to be issued to provide clarity on liability to reverse input tax credit in cases involving warranty replacement of parts and repair services during warranty period
17. Refund of accumulated input tax credit (ITC) to be restricted to ITC appearing in FORM GSTR-2B
18. Only Name of state on tax invoice, not the name and full address of the recipient, in cases of supply of taxable services by or through an ECO
*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 12-07-2023 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -5706*
*INDEX FUT. : +74*
*INDEX OPT. : -2591*
*STOCK FUT. : -2925*
*STOCK OPT. : -263*
*SEC. IN F&O BAN FOR, 13 JULY, 2023 :*
*1. HINDCOPPER 2. INDIACEM 3. IBULHSGFIN 4. PNB 5. ZEEL 6. MANAPPURAM*
*ADDITION : HINDCOPPER*
*DELETION : BHEL, DELTACORP, GRANULES*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 12-JULY-2023 :*
*FIIS : SELL -1,243 (18,217-19,460)* 😢
*DIIS : BUY +437 (15,051-14,614)* 🙂
*BSE SENSEX : -224 (65,394)🔽*
*NSE NIFTY : -55 (19,384)*🔽
*BSE MIDCAP. : +139 (29,288)*🔼
*BSE SMLCAP. : +190 (33,502)*🔼
*B. CRUDE : $ 80.19* 🔼 😢
*GOLD: $1956=INR 58,600(10gr)* 🔼 🙂
*SILVER : RS. 73,900 (kg) (5pm)* 🔼 🙂
*FOREX : RS. $ 82.24* 🔼 🙂
*7.26% GOI '33: 7.1160%(100.98)*🔼😔
*7.41% GOI '36 : 7.2103% (101.6925)*🔼😔
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -5706*
*INDEX FUT. : +74*
*INDEX OPT. : -2591*
*STOCK FUT. : -2925*
*STOCK OPT. : -263*
*SEC. IN F&O BAN FOR, 13 JULY, 2023 :*
*1. HINDCOPPER 2. INDIACEM 3. IBULHSGFIN 4. PNB 5. ZEEL 6. MANAPPURAM*
*ADDITION : HINDCOPPER*
*DELETION : BHEL, DELTACORP, GRANULES*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 12-JULY-2023 :*
*FIIS : SELL -1,243 (18,217-19,460)* 😢
*DIIS : BUY +437 (15,051-14,614)* 🙂
*BSE SENSEX : -224 (65,394)🔽*
*NSE NIFTY : -55 (19,384)*🔽
*BSE MIDCAP. : +139 (29,288)*🔼
*BSE SMLCAP. : +190 (33,502)*🔼
*B. CRUDE : $ 80.19* 🔼 😢
*GOLD: $1956=INR 58,600(10gr)* 🔼 🙂
*SILVER : RS. 73,900 (kg) (5pm)* 🔼 🙂
*FOREX : RS. $ 82.24* 🔼 🙂
*7.26% GOI '33: 7.1160%(100.98)*🔼😔
*7.41% GOI '36 : 7.2103% (101.6925)*🔼😔
*GIFT Nifty +96 pts (19558) from last trade 19462 ,*
Nikkei +361 pts ,
Hangseng +320 pts ,
Around @ 6.55am .
Dow +86.01 pts ,Nsdq +158.28 pts, S&P +32.90 pts , Bovespa +110 pts , Ftse +133 pts , Dax +232 pts , Cac +113 pts , Crude @ $75.83 brl (+0.08), Brent @ $80.23 brl (+0.12) , Gold @ 1962.80 (+1.10), Silver @ $24.355 (+0.04), Euro @ $1.114, JPY @ $138.10, INR @ 81.995
*Today's Corporate Action*
*13th July Ex Date*
AMRUTANJAN
Buy Back of Shares
ICICIPRULI
Final Dividend - Rs. - 0.6000
MAGADHSUGAR
Dividend - Rs. - 7.0000
ORIENTHOT
Dividend - Rs. - 0.5000
SANINFRA
Final Dividend - Rs. - 0.0350
TITAN
Dividend - Rs. - 10.0000
WENDT
Final Dividend - Rs. - 50.0000
*Today's Board Meetings*
*13-Jul-23*
Wipro, Federal Bank, Aditya Birla Money, Tata Metaliks, Angel One, Avantel, Bhansali Engineering Polymers, GI Engineering Solutions, Sterling and Wilson Renewable Energy, and Unitech will be in focus ahead of quarterly earnings on July 13.
*Stock under F&O ban on NSE*
*13-Jul-23*
1 HINDCOPPER
2 IBULHSGFIN
3 INDIACEM
4 MANAPPURAM
5 PNB
6 ZEEL
Nikkei +361 pts ,
Hangseng +320 pts ,
Around @ 6.55am .
Dow +86.01 pts ,Nsdq +158.28 pts, S&P +32.90 pts , Bovespa +110 pts , Ftse +133 pts , Dax +232 pts , Cac +113 pts , Crude @ $75.83 brl (+0.08), Brent @ $80.23 brl (+0.12) , Gold @ 1962.80 (+1.10), Silver @ $24.355 (+0.04), Euro @ $1.114, JPY @ $138.10, INR @ 81.995
*Today's Corporate Action*
*13th July Ex Date*
AMRUTANJAN
Buy Back of Shares
ICICIPRULI
Final Dividend - Rs. - 0.6000
MAGADHSUGAR
Dividend - Rs. - 7.0000
ORIENTHOT
Dividend - Rs. - 0.5000
SANINFRA
Final Dividend - Rs. - 0.0350
TITAN
Dividend - Rs. - 10.0000
WENDT
Final Dividend - Rs. - 50.0000
*Today's Board Meetings*
*13-Jul-23*
Wipro, Federal Bank, Aditya Birla Money, Tata Metaliks, Angel One, Avantel, Bhansali Engineering Polymers, GI Engineering Solutions, Sterling and Wilson Renewable Energy, and Unitech will be in focus ahead of quarterly earnings on July 13.
*Stock under F&O ban on NSE*
*13-Jul-23*
1 HINDCOPPER
2 IBULHSGFIN
3 INDIACEM
4 MANAPPURAM
5 PNB
6 ZEEL
Bank nifty expiry from September will be on Wednesday instead of Thursday
Midcap nifty expiry on Monday instead of Wednesday
Monday - midcap
Tuesday - fin nifty
Wednesday - bank nifty
Thursday - Nifty
Friday - sensex
Midcap nifty expiry on Monday instead of Wednesday
Monday - midcap
Tuesday - fin nifty
Wednesday - bank nifty
Thursday - Nifty
Friday - sensex
Today's Headlines from :
*Economic Times*
📝 TCS' Q1 profit rises 17% to Rs 11,074 cr, investors to get Rs 9/share dividend
📝 India, France to deepen strategic ties
📝 India proposes ease of business norms at G20
📝 HCL Tech Q1 Results: PAT rises 8% YoY to Rs 3,534 crore; dividend declared at Rs 10/share
📝 Nvidia in talks to become anchor investor in Arm IPO
📝 Utkarsh SFB IPO subscribed 4.73 times on Day 1; retail portion fully booked
📝 SBI to sell up to Rs 10,000 crore of AT-1 bonds this week
📝 Agri ministry asks banks to promote Rs 1 lakh cr Agriculture Infrastructure Fund
📝 India’s retail inflation rises to 4.81% in June on higher food prices
📝 India's industrial production output up 5.2% in May from 4.5% in April
📝 US inflation hits two-year low; declines sharply to 3% in June
📝 Global public debt hits record $92 trillion- UN report
📝 Fold Health raises $6 million in funding led by Iron Pillar
📝 Hectar Global raises $2.1 million in seed funding led by Powerhouse Ventures
*Business Standard*
📝 India's outward FDI shrinks by half YoY in June 2023, shows RBI data
📝 IAMAI urges GST Council to tax gaming platform fee, not full face value
📝 Placed under enhanced surveillance, SpiceJet to get Rs 500 cr from promoter
📝 Merged HDFC Bank: New entity will have market capitalisation of Rs 12.5 trn
📝 Housing ministry to organise national conclave on urban planning
📝 Patanjali Foods' promoters plan to offload up to 9% stake through OFS
📝 Centre imposes import restrictions on certain gold jewellery, articles
📝 Oil prices rise as mild US inflation data calms fear of Fed rate hike
📝 Confused over UV definition, car companies await govt notification on cess
📝 Sebi to tweak 'fit & proper' regime for bourses, clearing corporations
*Financial Express*
📝 Bank of India targets $4-billion international business by 2026
📝 Reliance Capital administrator files Hinduja’s resolution plan with NCLT Mumbai for approval
📝 Vedanta to continue ‘sizeable investments’ in India; made $35 bn investment till date: Chairman Anil Agarwal
📝 CapFort Ventures launches a Rs 200 crore fund to invest in tech startups
📝 Razorpay launches its payment gateway for businesses in Malaysia
📝 Reliance Retail among prospective buyers for Future Enterprises
📝 India, ADB sign $130 million loan to promote horticulture in Himachal Pradesh
📝 FinEzzy aims to disburse Rs 1,500 crore in loans against mutual funds over next year
📝 Govt directs NAFED, NCCF to procure tomatoes from AP, Karnataka, Maha for distribution in key consumption centres
📝 Cabinet nod to lithium mining by private companies
*Mint*
📝 Telecom manufacturing at ₹18,000 cr, should be scaled up 10x: Vaishnaw
📝 India in talks with Netherlands for pharma supplies
📝 Wipro to invest $1 bn in AI over three years
📝 Elon Musk announces new company xAI, set to build ChatGPT alternative
📝 Hindalco Industries board approves proposal to sell land for ₹595 crore
📝 Sebi to auction 22 properties of Bishal Group, NVD Solar on August 14
📝 PFC files draft shelf prospectus to raise ₹10,000 crore via NCDs
📝 IMD issues red alert for northeast India, Sikkim, Bihar.
*Economic Times*
📝 TCS' Q1 profit rises 17% to Rs 11,074 cr, investors to get Rs 9/share dividend
📝 India, France to deepen strategic ties
📝 India proposes ease of business norms at G20
📝 HCL Tech Q1 Results: PAT rises 8% YoY to Rs 3,534 crore; dividend declared at Rs 10/share
📝 Nvidia in talks to become anchor investor in Arm IPO
📝 Utkarsh SFB IPO subscribed 4.73 times on Day 1; retail portion fully booked
📝 SBI to sell up to Rs 10,000 crore of AT-1 bonds this week
📝 Agri ministry asks banks to promote Rs 1 lakh cr Agriculture Infrastructure Fund
📝 India’s retail inflation rises to 4.81% in June on higher food prices
📝 India's industrial production output up 5.2% in May from 4.5% in April
📝 US inflation hits two-year low; declines sharply to 3% in June
📝 Global public debt hits record $92 trillion- UN report
📝 Fold Health raises $6 million in funding led by Iron Pillar
📝 Hectar Global raises $2.1 million in seed funding led by Powerhouse Ventures
*Business Standard*
📝 India's outward FDI shrinks by half YoY in June 2023, shows RBI data
📝 IAMAI urges GST Council to tax gaming platform fee, not full face value
📝 Placed under enhanced surveillance, SpiceJet to get Rs 500 cr from promoter
📝 Merged HDFC Bank: New entity will have market capitalisation of Rs 12.5 trn
📝 Housing ministry to organise national conclave on urban planning
📝 Patanjali Foods' promoters plan to offload up to 9% stake through OFS
📝 Centre imposes import restrictions on certain gold jewellery, articles
📝 Oil prices rise as mild US inflation data calms fear of Fed rate hike
📝 Confused over UV definition, car companies await govt notification on cess
📝 Sebi to tweak 'fit & proper' regime for bourses, clearing corporations
*Financial Express*
📝 Bank of India targets $4-billion international business by 2026
📝 Reliance Capital administrator files Hinduja’s resolution plan with NCLT Mumbai for approval
📝 Vedanta to continue ‘sizeable investments’ in India; made $35 bn investment till date: Chairman Anil Agarwal
📝 CapFort Ventures launches a Rs 200 crore fund to invest in tech startups
📝 Razorpay launches its payment gateway for businesses in Malaysia
📝 Reliance Retail among prospective buyers for Future Enterprises
📝 India, ADB sign $130 million loan to promote horticulture in Himachal Pradesh
📝 FinEzzy aims to disburse Rs 1,500 crore in loans against mutual funds over next year
📝 Govt directs NAFED, NCCF to procure tomatoes from AP, Karnataka, Maha for distribution in key consumption centres
📝 Cabinet nod to lithium mining by private companies
*Mint*
📝 Telecom manufacturing at ₹18,000 cr, should be scaled up 10x: Vaishnaw
📝 India in talks with Netherlands for pharma supplies
📝 Wipro to invest $1 bn in AI over three years
📝 Elon Musk announces new company xAI, set to build ChatGPT alternative
📝 Hindalco Industries board approves proposal to sell land for ₹595 crore
📝 Sebi to auction 22 properties of Bishal Group, NVD Solar on August 14
📝 PFC files draft shelf prospectus to raise ₹10,000 crore via NCDs
📝 IMD issues red alert for northeast India, Sikkim, Bihar.
*News Headlines from Business News Agencies:*
*Business Standard*
• Passenger vehicle sales up 2% YoY in June, 3W sales almost double: Siam
• TCS Q1FY24 result: Net profit up 16.8% YoY; revenue rises to Rs 59,381 cr
• Walt Disney Co weighs options for struggling TV business in India
• BFSI, tech clients spending more on cost-optimisation deals: Wipro chairman
• Hinduja Group dials lenders to raise $1 bn for Reliance Capital acquisition
• Sebi to auction 22 properties of Bishal Group, NVD Solar on August 14
• Glida plans to set up 3,000 EV charging points pan-India by March 2025
• Govt directs Nafed, NCCF to procure tomato from AP, Karnataka, Maharashtra
• Reliance Retail among three prospective buyers for Future Enterprises
• FSSAI set to meet international regulators on food safety system
• Data protection bill could cap penalty for data breach at Rs 250 crore
• Sterlite Power bags new orders worth Rs 1,400 cr in March quarter
• Auto component makers stepping up investments in green mobility business
*Economic Times*
• RBI looking at additional loans for home buyers of stuck projects
• Vehicle loans outstanding rise 22 pc in May despite high interest rates
• Razorpay launches full-stack payments in Malaysia
• Vedanta has lined up partners for semiconductor venture: Chairman Anil Agarwal
• Indian cabinet allows lithium's commercial mining to charge up EV ambitions
• Countries agree to extend digital services tax freeze through 2024
• Power availability rose to 22.30 hrs in rural areas, 23.3 hrs urban since 2014: RK Singh
• Satya MicroCapital raises Rs 53 crore in ECB from German bank
• Utkarsh SFB Issue: retail portion booked over 3.5x
• SoftBank considering US listing for PayPay payments business
• Taiwan chip exports plunge 21% as device makers clear inventory
• Japan's second-largest lender Sumitomo Mitsui launches US digital bank
• Prestige Group registers 30% jump in sales at of Rs 3914.7 crore in Q1FY24
• Gujarat in talks with Foxconn for its semiconductor plant
*Mint*
• India’s June CPI inflation rises to 4.81% from 4.31% in May
• US annual consumer inflation cools to 3%, lowest since 2021
• Centre approves release of ₹7,532 crore to 22 states under Disaster Response Fund
• Dilip Buildcon gets provisional completion certificate for a project worth ₹860.5 cr
• TCS attrition rate declines to 17.8%, 523 employees added in June quarter
• Beijing's regulatory crackdown wipes $1.1 trln off Chinese Big Tech
• Maruti Suzuki Fronx CNG launched in India at ₹8.41 lakh
• Ather Energy set to launch 450S electric affordable scooter.
• Domino’s Pizza Strikes Deal With Uber in Search for New Sales
• Wipro launches ai360, will invest $1 billion into AI the next three years
• Bharti Airtel buys 20.6% stake in Lavelle Networks, total stake to be 45.6%
• Coal India subsidiary SECL to develop 600 MW solar projects
• Disney explores strategic options for its business in India: Report
• KPMG to expand ties with Microsoft, will spend $2 billion in AI, cloud services
*Business Standard*
• Passenger vehicle sales up 2% YoY in June, 3W sales almost double: Siam
• TCS Q1FY24 result: Net profit up 16.8% YoY; revenue rises to Rs 59,381 cr
• Walt Disney Co weighs options for struggling TV business in India
• BFSI, tech clients spending more on cost-optimisation deals: Wipro chairman
• Hinduja Group dials lenders to raise $1 bn for Reliance Capital acquisition
• Sebi to auction 22 properties of Bishal Group, NVD Solar on August 14
• Glida plans to set up 3,000 EV charging points pan-India by March 2025
• Govt directs Nafed, NCCF to procure tomato from AP, Karnataka, Maharashtra
• Reliance Retail among three prospective buyers for Future Enterprises
• FSSAI set to meet international regulators on food safety system
• Data protection bill could cap penalty for data breach at Rs 250 crore
• Sterlite Power bags new orders worth Rs 1,400 cr in March quarter
• Auto component makers stepping up investments in green mobility business
*Economic Times*
• RBI looking at additional loans for home buyers of stuck projects
• Vehicle loans outstanding rise 22 pc in May despite high interest rates
• Razorpay launches full-stack payments in Malaysia
• Vedanta has lined up partners for semiconductor venture: Chairman Anil Agarwal
• Indian cabinet allows lithium's commercial mining to charge up EV ambitions
• Countries agree to extend digital services tax freeze through 2024
• Power availability rose to 22.30 hrs in rural areas, 23.3 hrs urban since 2014: RK Singh
• Satya MicroCapital raises Rs 53 crore in ECB from German bank
• Utkarsh SFB Issue: retail portion booked over 3.5x
• SoftBank considering US listing for PayPay payments business
• Taiwan chip exports plunge 21% as device makers clear inventory
• Japan's second-largest lender Sumitomo Mitsui launches US digital bank
• Prestige Group registers 30% jump in sales at of Rs 3914.7 crore in Q1FY24
• Gujarat in talks with Foxconn for its semiconductor plant
*Mint*
• India’s June CPI inflation rises to 4.81% from 4.31% in May
• US annual consumer inflation cools to 3%, lowest since 2021
• Centre approves release of ₹7,532 crore to 22 states under Disaster Response Fund
• Dilip Buildcon gets provisional completion certificate for a project worth ₹860.5 cr
• TCS attrition rate declines to 17.8%, 523 employees added in June quarter
• Beijing's regulatory crackdown wipes $1.1 trln off Chinese Big Tech
• Maruti Suzuki Fronx CNG launched in India at ₹8.41 lakh
• Ather Energy set to launch 450S electric affordable scooter.
• Domino’s Pizza Strikes Deal With Uber in Search for New Sales
• Wipro launches ai360, will invest $1 billion into AI the next three years
• Bharti Airtel buys 20.6% stake in Lavelle Networks, total stake to be 45.6%
• Coal India subsidiary SECL to develop 600 MW solar projects
• Disney explores strategic options for its business in India: Report
• KPMG to expand ties with Microsoft, will spend $2 billion in AI, cloud services
*India Daybook – Stocks in News*
*Auro Pharma:* APL Healthcare receives approval from US FDA to manufacture & market Sevelamer Hydrochloride (Positive)
*Prestige Estate:* Registers 30% jump in sales at of Rs 3914.7 crore in Q1FY24 (Positive)
*Century Textiles:* Hindalco to sell Kalwa land to Century Textiles for Rs 595 cr (Positive)
*SpiceJet:* Chairman AjaySingh to infuse Rs 500 crore to shore up airline’s finances (Positive)
*Deep Industries:* Company bags a project worth Rs 130 cr From ONGC (Positive)
*Primo Chemicals:* Europe-based financial services group Societe Generale has bought 47.97 lakh equity shares (Positive)
*Dream Folks:* Company and Plaza Premium Group have announced a collaboration to include over 340+ Plaza Premium Lounges (Positive)
*Dr. Reddy’s:* Company’s proposed Rituximab biosimilar application accepted for review by USFDA, EMA and MHRA (Neutral)
*TCS:* Net profit at Rs 11,074 cr Vs poll of Rs 10,866 cr, Revenue at Rs 59381 cr Vs poll of Rs 59450 cr (Neutral)
*HCLTech:* Company to acquire German engineering services company ASAP Group for €251.1 million (Neutral)
*Lupin:* US FDA issues a Form-483 with two observations for Lupin’s Nagpur oral solid dosage facility (Neutral)
*Star Health:* Private equity firm Apis Growth 15 Limited has offloaded 52.84 lakh equity shares (Neutral)
*Texmaco Rail:* The board members will meet on July 17 to consider raising funds (Neutral)
*Star Housing:* The board members will meet on July 15 to consider raising funds (Neutral)
*Reliance Industries:* All existing contracts for July, August and September will expire on July 19. (Neutral)
*Venus Remedies:* Trading of Venus Remedies shares restricted by both BSE and NSE
*HCL Tech:* Net profit at Rs 3534 cr Vs poll of Rs 3809 cr, Revenue at Rs 26296 cr Vs poll of Rs 26960 cr
*Patanjali:* Floor price fixed at Rs 1000 per share, Patanjali Foods launches OFS to sell up to 7% equity
*Delta Corp:* Equirus Wealth sold 25.32 lakh shares in the company
*Auro Pharma:* APL Healthcare receives approval from US FDA to manufacture & market Sevelamer Hydrochloride (Positive)
*Prestige Estate:* Registers 30% jump in sales at of Rs 3914.7 crore in Q1FY24 (Positive)
*Century Textiles:* Hindalco to sell Kalwa land to Century Textiles for Rs 595 cr (Positive)
*SpiceJet:* Chairman AjaySingh to infuse Rs 500 crore to shore up airline’s finances (Positive)
*Deep Industries:* Company bags a project worth Rs 130 cr From ONGC (Positive)
*Primo Chemicals:* Europe-based financial services group Societe Generale has bought 47.97 lakh equity shares (Positive)
*Dream Folks:* Company and Plaza Premium Group have announced a collaboration to include over 340+ Plaza Premium Lounges (Positive)
*Dr. Reddy’s:* Company’s proposed Rituximab biosimilar application accepted for review by USFDA, EMA and MHRA (Neutral)
*TCS:* Net profit at Rs 11,074 cr Vs poll of Rs 10,866 cr, Revenue at Rs 59381 cr Vs poll of Rs 59450 cr (Neutral)
*HCLTech:* Company to acquire German engineering services company ASAP Group for €251.1 million (Neutral)
*Lupin:* US FDA issues a Form-483 with two observations for Lupin’s Nagpur oral solid dosage facility (Neutral)
*Star Health:* Private equity firm Apis Growth 15 Limited has offloaded 52.84 lakh equity shares (Neutral)
*Texmaco Rail:* The board members will meet on July 17 to consider raising funds (Neutral)
*Star Housing:* The board members will meet on July 15 to consider raising funds (Neutral)
*Reliance Industries:* All existing contracts for July, August and September will expire on July 19. (Neutral)
*Venus Remedies:* Trading of Venus Remedies shares restricted by both BSE and NSE
*HCL Tech:* Net profit at Rs 3534 cr Vs poll of Rs 3809 cr, Revenue at Rs 26296 cr Vs poll of Rs 26960 cr
*Patanjali:* Floor price fixed at Rs 1000 per share, Patanjali Foods launches OFS to sell up to 7% equity
*Delta Corp:* Equirus Wealth sold 25.32 lakh shares in the company
*GIFT Nifty +42 pts (19540) from last trade 19498 ,*
Nikkei -128 pts ,
Hangseng +184 pts ,
Around @ 6.52am .
Dow +47.71 pts ,Nsdq +219.61 pts, S&P +37.88 pts , Bovespa +1597 pts , Ftse +24 pts , Dax +118 pts , Cac +36 pts , Crude @ $77.21 brl (+0.32), Brent @ $81.36 brl (+0.00) , Gold @ 1964.80 (+1.00), Silver @ $25.09 (+0.04), Euro @ $1.1226, JPY @ $137.93, INR @ 82.0451
*Today's Corporate Action*
*14th July Ex Date*
APOLLOTYRE
Special Dividend - Rs. - 0.5000
APOLLOTYRE
Final Dividend - Rs. - 4.0000
APTECHT
Bonus issue 2:5
ARTEMISMED
Dividend - Rs. - 0.4500
ATUL
Final Dividend - Rs. - 25.0000
AUBANK
Final Dividend - Rs. - 1.0000
BOSCHLTD
Final Dividend - Rs. - 280.0000
BSOFT
Final Dividend - Rs. - 2.0000
CONTROLPR
Final Dividend - Rs. - 5.0000
COROMANDEL
Final Dividend - Rs. - 6.0000
EXPLEOSOL
Dividend - Rs. - 5.0000
GLOBUSSPR
Dividend - Rs. - 6.0000
KABRAEXTRU
Final Dividend - Rs. - 3.5000
KSOLVES
Final Dividend - Rs. - 8.0000
M&M
Dividend - Rs. - 16.2500
MAHLOG
Final Dividend - Rs. - 2.5000
POLYCHEM
Final Dividend - Rs. - 20.0000
PTL
Final Dividend - Rs. - 1.7500
RECLTD
Final Dividend - Rs. - 4.3500
SAFARIND
Final Dividend - Rs. - 2.0000
SHANTIGEAR
Final Dividend - Rs. - 2.0000
TIRUMALCHM
Dividend - Rs. - 1.5000
TRANSCOR
Dividend - Rs. - 0.2000
UJJIVANSFB
Final Dividend - Rs. - 0.5000
ULTRAMAR
Final Dividend - Rs. - 5.0000
*Today's Board Meetings*
*14-Jul-23*
JSW Energy, Bandhan Bank, CCL Products (India), Coromandel Engineering Company, Den Networks, GTPL Hathway, Just Dial, Kesoram Industries, Sastasundar Ventures, Tata Steel Long Products, Unichem Laboratories, Vandana Knitwear, and VST Industries will be in focus ahead of quarterly earnings on July 14
*Stock under F&O ban on NSE*
*14-Jul-23*
1 DELTACORP
2 HINDCOPPER
3 IBULHSGFIN
4 INDIACEM
5 MANAPPURAM
6 PNB
7 ZEEL
Nikkei -128 pts ,
Hangseng +184 pts ,
Around @ 6.52am .
Dow +47.71 pts ,Nsdq +219.61 pts, S&P +37.88 pts , Bovespa +1597 pts , Ftse +24 pts , Dax +118 pts , Cac +36 pts , Crude @ $77.21 brl (+0.32), Brent @ $81.36 brl (+0.00) , Gold @ 1964.80 (+1.00), Silver @ $25.09 (+0.04), Euro @ $1.1226, JPY @ $137.93, INR @ 82.0451
*Today's Corporate Action*
*14th July Ex Date*
APOLLOTYRE
Special Dividend - Rs. - 0.5000
APOLLOTYRE
Final Dividend - Rs. - 4.0000
APTECHT
Bonus issue 2:5
ARTEMISMED
Dividend - Rs. - 0.4500
ATUL
Final Dividend - Rs. - 25.0000
AUBANK
Final Dividend - Rs. - 1.0000
BOSCHLTD
Final Dividend - Rs. - 280.0000
BSOFT
Final Dividend - Rs. - 2.0000
CONTROLPR
Final Dividend - Rs. - 5.0000
COROMANDEL
Final Dividend - Rs. - 6.0000
EXPLEOSOL
Dividend - Rs. - 5.0000
GLOBUSSPR
Dividend - Rs. - 6.0000
KABRAEXTRU
Final Dividend - Rs. - 3.5000
KSOLVES
Final Dividend - Rs. - 8.0000
M&M
Dividend - Rs. - 16.2500
MAHLOG
Final Dividend - Rs. - 2.5000
POLYCHEM
Final Dividend - Rs. - 20.0000
PTL
Final Dividend - Rs. - 1.7500
RECLTD
Final Dividend - Rs. - 4.3500
SAFARIND
Final Dividend - Rs. - 2.0000
SHANTIGEAR
Final Dividend - Rs. - 2.0000
TIRUMALCHM
Dividend - Rs. - 1.5000
TRANSCOR
Dividend - Rs. - 0.2000
UJJIVANSFB
Final Dividend - Rs. - 0.5000
ULTRAMAR
Final Dividend - Rs. - 5.0000
*Today's Board Meetings*
*14-Jul-23*
JSW Energy, Bandhan Bank, CCL Products (India), Coromandel Engineering Company, Den Networks, GTPL Hathway, Just Dial, Kesoram Industries, Sastasundar Ventures, Tata Steel Long Products, Unichem Laboratories, Vandana Knitwear, and VST Industries will be in focus ahead of quarterly earnings on July 14
*Stock under F&O ban on NSE*
*14-Jul-23*
1 DELTACORP
2 HINDCOPPER
3 IBULHSGFIN
4 INDIACEM
5 MANAPPURAM
6 PNB
7 ZEEL
*News Headlines from Business News Agencies:*
*Business Standard*
• India to buy 26 Rafale fighters, 3 Scorpene subs; defence min approves plan
• Wipro Q1 results: Net profit rises 11.9% to Rs 2,870 cr, revenue up 6%
• Zomato temporarily suspends rollout of UPI enrolment for new users
• HDFC Bank becomes first to offer interoperability between CBDC and UPI
• Adequately funded to place three-digit aircraft order this year: Akasa CEO
• HPL won smart meter orders worth Rs 903 cr
• Housing. com partners with FinBox to offer instant loans up to Rs 10 lakh
• Promoting healthy eating: MoU signed to introduce millets in armed forces
• Byju's appoints ex-upGrad chief Arjun Mohan as CEO for int'l business
• PepsiCo raises revenue, profit forecasts on price hikes and steady demand
• Govt considering a renewed subsidy plan to support EV industry
• Generative AI deals expected in next 2 quarters; will not be mega wins: TCS CEO
• Weak demand for SBI perpetual bonds as investors seek higher returns
• RBI signals greater scrutiny of fintech industry amid funding drought
• Rupee, govt bonds gain after lower-than-expected US inflation data
• Apple partners with NGO to promote clean energy innovation in India
*Economic Times*
• 28% GST on online gaming to yield Rs 20,000 cr annually: Revenue Secretary
• Harshvardhan Bansal appointed president of NAREDCO Delhi chapter
• Zetwerk Manufacturing appoints Pulkit Bhandari as chief financial officer
• India will be a $4 trillion economy in 2024-25: PHD Chamber
• France may adopt UPI, announcement likely during PM Modi's visit: Report
• Vi, Truecaller tie up to secure customer communication
• Continued vigil on inflation needed given erratic monsoon progress: SBI Research
• India may ban exports of most rice varieties: Report
• Foxconn-Vedanta JV split credit negative for UK conglomerate: CreditSights
• Citi group to step up hiring at India in-house centres, says head HR Sara Wechter
• Godrej Properties emerged as the highest bidder for two land parcels in Gurgaon
• DoT to decide soon on Trai's proposals to set up satellite earth station gateways
• RIL’s Jio Financial Services to enter FTSE indices effective July 20
• Wind and solar to produce over a third of global power by 2030: Report
*Mint*
• Federal Bank arm Fedfina reconsidering capital raising options: CEO Srinivasan
• Swiggy enters retail food and grocery segment with LYNK acquisition
• Go Airlines can now admit one of its vendors under CIRP: Report
• Indian airlines to face capacity shortage in peak travel season
• Go First flights cancelled until July 16
• Telecom manufacturing at ₹18,000 cr, should be scaled up 10x: Vaishnaw
• India plans global biofuel alliance with eye on Opec+
• Icra expects domestic tyre demand to grow 6-8% in FY24
• Amazon Pay aims to be at the top in payment aggregator space, says Vikas Bansal
• HCL Technologies inks deal with ASAP Group for about ₹2,300 crore
• Govt restricts import of certain gold articles amid swelling trade deficit
• India in talks with Netherlands for pharma supplies
• UK offers millions of public sector workers pay raises in push to end strikes
• Cotton yarn industry to see 5-7% volume growth in FY24: Report
*Business Standard*
• India to buy 26 Rafale fighters, 3 Scorpene subs; defence min approves plan
• Wipro Q1 results: Net profit rises 11.9% to Rs 2,870 cr, revenue up 6%
• Zomato temporarily suspends rollout of UPI enrolment for new users
• HDFC Bank becomes first to offer interoperability between CBDC and UPI
• Adequately funded to place three-digit aircraft order this year: Akasa CEO
• HPL won smart meter orders worth Rs 903 cr
• Housing. com partners with FinBox to offer instant loans up to Rs 10 lakh
• Promoting healthy eating: MoU signed to introduce millets in armed forces
• Byju's appoints ex-upGrad chief Arjun Mohan as CEO for int'l business
• PepsiCo raises revenue, profit forecasts on price hikes and steady demand
• Govt considering a renewed subsidy plan to support EV industry
• Generative AI deals expected in next 2 quarters; will not be mega wins: TCS CEO
• Weak demand for SBI perpetual bonds as investors seek higher returns
• RBI signals greater scrutiny of fintech industry amid funding drought
• Rupee, govt bonds gain after lower-than-expected US inflation data
• Apple partners with NGO to promote clean energy innovation in India
*Economic Times*
• 28% GST on online gaming to yield Rs 20,000 cr annually: Revenue Secretary
• Harshvardhan Bansal appointed president of NAREDCO Delhi chapter
• Zetwerk Manufacturing appoints Pulkit Bhandari as chief financial officer
• India will be a $4 trillion economy in 2024-25: PHD Chamber
• France may adopt UPI, announcement likely during PM Modi's visit: Report
• Vi, Truecaller tie up to secure customer communication
• Continued vigil on inflation needed given erratic monsoon progress: SBI Research
• India may ban exports of most rice varieties: Report
• Foxconn-Vedanta JV split credit negative for UK conglomerate: CreditSights
• Citi group to step up hiring at India in-house centres, says head HR Sara Wechter
• Godrej Properties emerged as the highest bidder for two land parcels in Gurgaon
• DoT to decide soon on Trai's proposals to set up satellite earth station gateways
• RIL’s Jio Financial Services to enter FTSE indices effective July 20
• Wind and solar to produce over a third of global power by 2030: Report
*Mint*
• Federal Bank arm Fedfina reconsidering capital raising options: CEO Srinivasan
• Swiggy enters retail food and grocery segment with LYNK acquisition
• Go Airlines can now admit one of its vendors under CIRP: Report
• Indian airlines to face capacity shortage in peak travel season
• Go First flights cancelled until July 16
• Telecom manufacturing at ₹18,000 cr, should be scaled up 10x: Vaishnaw
• India plans global biofuel alliance with eye on Opec+
• Icra expects domestic tyre demand to grow 6-8% in FY24
• Amazon Pay aims to be at the top in payment aggregator space, says Vikas Bansal
• HCL Technologies inks deal with ASAP Group for about ₹2,300 crore
• Govt restricts import of certain gold articles amid swelling trade deficit
• India in talks with Netherlands for pharma supplies
• UK offers millions of public sector workers pay raises in push to end strikes
• Cotton yarn industry to see 5-7% volume growth in FY24: Report
10 July 2023
Watch out for IT results due in next couple of weeks , expect a sharp upswing in It heavyweights post declaration of Q1 numbers as it seems the worst of price action may be behind post result commentary. One can start building some small positions ahead of the numbers and add to positions once stock price stabilize post result. The next leg of index upmove will be dominated by IT names if there are no major surprises.
14 july 2023
nifty IT in two days up 4.5%
Watch out for IT results due in next couple of weeks , expect a sharp upswing in It heavyweights post declaration of Q1 numbers as it seems the worst of price action may be behind post result commentary. One can start building some small positions ahead of the numbers and add to positions once stock price stabilize post result. The next leg of index upmove will be dominated by IT names if there are no major surprises.
14 july 2023
nifty IT in two days up 4.5%
👌1
🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
10 July 2023 Watch out for IT results due in next couple of weeks , expect a sharp upswing in It heavyweights post declaration of Q1 numbers as it seems the worst of price action may be behind post result commentary. One can start building some small positions…
IT stcoks scaling to 5-12 months highs
https://hindi.business-standard.com/companies/panasonic-energy-the-company-that-supplies-batteries-to-tesla-will-enter-the-indian-market
TESLA JOURNEY BEINGS IN INDIA.
PANASONIC IS LISTED PLAYER.
TESLA JOURNEY BEINGS IN INDIA.
PANASONIC IS LISTED PLAYER.
बिज़नेस स्टैंडर्ड
Tesla को बैटरी सप्लाई करने वाली कंपनी Panasonic Energy भारतीय बाजार में करेगी प्रवेश-बिज़नेस स्टैंडर्ड
पैनासोनिक टेस्ला के वाहनों के लिए बैटरी सेल का एक महत्त्वपूर्ण हिस्सा आपूर्ति करती है, जिसमें मॉडल एस, मॉडल 3 और मॉडल एक्स शामिल हैं। | panasonic in India
ISRO UPDATE
Chandrayaan-3 launch today at 14:35 Hrs.
The launch can be viewed LIVE at
http://isro.gov.in
https://facebook.com/ISRO
https://youtube.com/watch?v=q2ueCg9bvvQ
DD National
from 14:00 Hrs. IST on July 14, 2023.
Chandrayaan-3 launch today at 14:35 Hrs.
The launch can be viewed LIVE at
http://isro.gov.in
https://facebook.com/ISRO
https://youtube.com/watch?v=q2ueCg9bvvQ
DD National
from 14:00 Hrs. IST on July 14, 2023.
www.isro.gov.in
Indian Space Research Organisation
Indian Space Research Organisation (ISRO) is the space agency of India. The organisation is involved in science, engineering and technology to harvest the benefits
*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 14-07-2023 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -12317*
*INDEX FUT. : +252*
*INDEX OPT. : -15765*
*STOCK FUT. : +3182*
*STOCK OPT. : +12*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 14-JULY-2023 :*
*FIIS : BUY +2,636 (12,486-9,849)* 😄
*DIIS : SELL -772 (7,334-8,106)* 😩
*BSE SENSEX : +502 (66,061)🔼*
*NSE NIFTY : +151 (19,564)*🔼
*BSE MIDCAP. : +292 (29,393)*🔼
*BSE SMLCAP. : +380 (33,702)*🔼
*B. CRUDE : $ 80.50* 🔼 😔
*GOLD: $1956=INR 58,500(10gr)* ↔️ 🙂
*SILVER : RS. 77,400 (kg) (5pm)* 🔼 😊
*FOREX : RS. $ 82.16* 🔽 😔
*7.26% GOI '33: 7.0910%(101.1525)*🔼😔
*7.41% GOI '36 : 7.1854% (101.9050)*🔼😔
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -12317*
*INDEX FUT. : +252*
*INDEX OPT. : -15765*
*STOCK FUT. : +3182*
*STOCK OPT. : +12*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 14-JULY-2023 :*
*FIIS : BUY +2,636 (12,486-9,849)* 😄
*DIIS : SELL -772 (7,334-8,106)* 😩
*BSE SENSEX : +502 (66,061)🔼*
*NSE NIFTY : +151 (19,564)*🔼
*BSE MIDCAP. : +292 (29,393)*🔼
*BSE SMLCAP. : +380 (33,702)*🔼
*B. CRUDE : $ 80.50* 🔼 😔
*GOLD: $1956=INR 58,500(10gr)* ↔️ 🙂
*SILVER : RS. 77,400 (kg) (5pm)* 🔼 😊
*FOREX : RS. $ 82.16* 🔽 😔
*7.26% GOI '33: 7.0910%(101.1525)*🔼😔
*7.41% GOI '36 : 7.1854% (101.9050)*🔼😔