Business News Headlines

Economic Times
Ø Adani group to raise $4.5 billion via a mix of offshore loans
Ø Govt loses challenge to $111 mn arbitration award in dispute with Reliance/Shell
Ø Tencent buys stake worth $264 mn in Flipkart from Binny Bansal
Ø Oil consumers face a summer of pain as China starts coming back to market
Ø Maruti Suzuki dispatches record 2.33 lakh units through Railways in FY22
Ø Banker to 467 million Indians says loan demand is bouncing back
Ø OmniCard launches cash withdrawal facility across all ATMs via e-wallet
Ø IRDAI's new norms to prompt insurers to launch innovative policies swiftly: Experts
Ø Assam joins hands with NLC India to set up 1GW solar power project
Ø FMCG majors including HUL, Britannia, Marico make big gains as inflation blunts small firms' edge
Ø Devraj Lahiri to head ITC's cigarette business
Ø Steel industry seeks government intervention to check coking coal price

Business Standard
Ø IDBI Bank sale: RBI may not relax stake-dilution timeline for new buyer
Ø Goyal pitches for permanent solution for food security with WTO head
Ø Stormy Dhanlaxmi EGM on cards today under a cloud of allegations and exits
Ø IPL media rights auction: Bid amount nearing Rs 50,000-crore mark
Ø India's Airports Authority to procure navigation aid from Russian firm
Ø JSW Infrastructure commissions Rs 1,300-cr Paradip East Quay coal terminal
Ø Ultratech joins race for Ambuja Cements and ACC, submits non-binding bid
Ø Tata Tech eyes acquisitions, 69% growth to nearly $800 mn by 2025
Ø Credit card linkage to UPI: Uncertainty over pricing leaves players in dark
Ø At 1.97 mn, new SIP openings in May lowest in 12 months, shows Amfi data

Financial Express
Ø FPIs pull out Rs 14,000-cr from Indian equities in June on global, domestic concerns
Ø Sugar mills seek easing of export ban, cite high raw sugar stocks
Ø Sebi cautions investors against dealing with unregulated algo-trading platforms
Ø IndInfravit buys five road assets for $1.2 billion
Ø Neobanks provide digital and mobile-first financial solutions to SMEs
Ø Schneider Electric revamps IT partner programme for SME partners to hone skills, co-develop solutions, more
Ø Govt concerned about dip in LIC share price; calls it temporary blip

STOCK LENDING OFFERS
#slbm #alliesfin #nse
LAST TRADES PER SHARE
MRF 300
LALPATH LAB 20
APOLLO HOSPITAL 10
NAVINFLOURINE 10
GUJARAT GAS 8
IRCTC 7
PVR 6
AUBANK 5
& MANY MORE.

INDIAN MARKET : MAY MONTH INFLATION AT 7.04 % V 7.79 % PREVIOUS MONTH , EST. 7.1 %

*🔹INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 13-06-2022 :*

*FIIS F & O : RS. CRS. :*

*TOTAL NET SELL : -4447* 😭

*INDEX FUT. : -1799*

*INDEX OPT. : -834*

*STOCK FUT. : -1796*

*STOCK OPT. : -18*

*🔹SEC. IN F&O BAN FOR, 14 JUNE, 2022 :*

*1. DELTACORP 2. RBL BK.*

*ADDITION : RBL BK.*
*DELETION : NIL*

*🔹INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 13-JUN-22 : (Rs. CRS )*

*FIIS : SELL -4,164 (3,927-8,091)* 😢

*DIIS : BUY +2,815 (6,970-4,155)* 😄

*BSE SENSEX : -1457 (52,846)🔽*

*NSE NIFTY : -427 (15,775)🔽*

*BSE MIDCAP. : -613 (21,877)*🔽

*BSE SMLCAP. : -814 (25,043)*🔽

*B. CRUDE : $ 120.21* 🔽 😄

*GOLD: $1828=INR 51770(10gr)*🔽😩

*SILVER :* *RS. 61,650 (kg) (5pm) 🔼 🙂*

*FOREX : RS. : $ 78.0350* 🔽 😩

*6.54% GOI '32 : 7.6036% (92.84)* 🔼 😢

*5.74% GOI '26 : 7.3417% (94.04)* 🔼 😩

*6.67% GOI '35 : 7.7212% (91.28)* 🔼 😩

*Mkt. Updates :*

*SGX Nifty -80 pts (15710) from last trade 15790 ,*

Nikkei -501 pts ,
Hangseng -284 pts ,
Now @6.55am .

Dow -876.05 pts ,Nsdq -530.80 pts, S&P
-151.23 pts , Bovespa -2883 pts , Ftse -111 pts , Dax -334 pts , Cac -164 pts , Crude @ $120.82 brl (-0.11), Brent @ $122.27 brl (-0.00) , Gold @ 1821.70 (-10.70), Silver @ $21.07 (-0.18), Euro @ $1.0409, JPY @ $134.27,  INR @ 78.095


*US GOVT. 10-YEAR YIELD : 3.37%*


*Today's Corporate Action, 14 June Ex Date :*

AVONMORE
Buy Back of Shares
DCBBANK
Dividend - Rs. - 1.0000
HAVELLS
Final Dividend - Rs. - 4.5000
INDIANB
Final Dividend - Rs. - 6.5000
PUNJCOMMU
E.G.M.
RSYSTEMINT
Interim Dividend - Rs. - 6.5000


*Today's Key Results/Board Meetings, 14-Jun-22 :*

BAJAJ-AUTO
Buy Back of Shares
GENESYS
Employees Stock Option Plan;Preferential Issue of shares
ITDC
Audited Results
MEL
General
NAGARFERT
Audited Results
OPTOCIRCUI
Quarterly Results
PNBHOUSING
General
SPANDANA
General


*SEC. IN F&O BAN FOR, 14 JUNE, 2022 :*

*1. DELTACORP 2. RBL BK.*

*ADDITION : RBL BK.*
*DELETION : NIL*

*Business News Headlines*

*Economic Times :*

Ø Crompton Greaves Consumer Electricals to raise Rs 925 crore via NCDs

Ø Adani plans up to $4.5 billion fundraise from foreign banks

Ø RBL has the team to achieve version 2.0 in just half a decade: Subramaniakumar

Ø Industry tailwinds, deal pipeline to help Route Mobile achieve 40% growth in FY23: CEO

Ø Tata companies well-capitalised, focus on future growth business: N Chandrasekaran

Ø GSK Velu in talks with investors, PEs & banking firms to buy back Metropolis Healthcare

Ø Zydus Lifesciences' Rs 750 cr-share buyback to open on June 23

Ø Industry tailwinds, deal pipeline to help Route Mobile achieve 40% growth in FY23: CEO

Ø RBI imposes monetary penalty on Urban Co-operative Bank, Budaun

Ø FMCG majors including HUL, Britannia, Marico make big gains as inflation blunts small firms' edge

Ø Embassy REIT distributes over Rs 5,800 crore to unitholders since listing

Ø Rajesh Exports setting up India's first display plant with $3 bn investment


*Business Standard :*

Ø Retail inflation eases to 7.04% in May, but remains above RBI's target band

Ø NCLAT upholds CCI order, asks Amazon to pay Rs 200 cr penalty in 45 days

Ø Zomato, Swiggy directed to make data sharing call the user's prerogative

Ø RIL-BGEPIL dispute: Govt mulls appealing against English court order

Ø Foxconn's Bharat FIH gets Sebi nod to raise Rs 5,000 crore through IPO

Ø IIFL Home Fin eyes IPO; looks to raise Rs 5,000 cr via direct assignment

Ø Ahmedabad-based Nandan Terry scraps IPO plans; withdraws draft papers

Ø Tata Steel unveils 7 mn pound green investment plan for UK steel tube mill

Ø Credit card linkage to UPI: Uncertainty over pricing leaves players in dark

Ø Two broadcasters for IPL: Digital and TV rights valued at Rs 44,075 cr


*Financial Express :*

Ø Dhanlaxmi Bank shareholders question rights issue plan

Ø Rustomjee group firm Keystone Realtors files IPO papers with SEBI; plans to raise Rs 850-cr via public issue

Ø Debt mutual fund sees Rs 32,722-crore outflow in May on rising interest rates

Ø Drone segment gets off to a flying start in India

Ø Neobanks provide digital and mobile-first financial solutions to SMEs

Ø Schneider Electric revamps IT partner programme for SME partners to hone skills, co-develop solutions, more

Ø Vedanta to modify design of waste heat recovery plant in Goa to increase power generation

Ø Bank of Baroda hikes MCLR by 10-20 bps

Stocks in News


Zydus Lifesciences: Company offers to buyback Rs 750 cr of shares. (Positive)

WPIL: Company gets Rs 430.87 cr order from the Government of West Bengal (Positive)

Delta Corp: HDFC MF Bought Additional 57.89 Lakh Shares or 2.15% Stake Via Open Market on 10-June. (Positive)

Dynamatic Tech: Won the contract to manufacture the Escape Hatch Door for Airbus A220 Aircraft. (Positive)

Bajaj Auto: To Consider & Approve Proposal For BuyBack Today (Positive)

Torrent Power: The company has completed the acquisition of a 50 MW solar power plant from SkyPower Group in Telangana (Positive)

Capri Global: Life Insurance Corporation of India bought additional 35.41 lakh equity shares in the company (Positive)

Aether Industries: SBI Mutual Fund acquired additional 3.23 lakh equity shares in the company via open market transactions (Positive)

Premier Ltd: The automotive manufacturer along with Azure Power Global Ltd has jointly invested Rs 700 crore to build a 1.25 Gigawatt solar cells (Positive)

Dr Reddy: Company received USFDA approval for its drug (Positive)

Metropolis Health: Says Continuously Explores Strategic Options, keeps receiving interest for a potential minority stake purchase (Positive)

TCS: Company adds 100 new jobs in Minnesota, US. (Neutral)

State Bank of India: As per sources, Paritosh Tripathi was named the new MD & CEO of SBI General Insurance. (Neutral)

Bajaj Finance: Increases fixed deposit rate by up to 20bps (Neutral)

GR Infra: CBI caught both NHAI officials demanding and accepting bribe of Rs 4 lakh from the employees of GR infra.

Zomato: Govt to crackdown on Food Delivery apps like Zomato and Swiggy.

Srei Infrastructure: Fraud Transactions Cost unit Srei Equipment Finance INR30.25B: Filing

Instl. Investors EQUITY Cash Trades PROV. - 14/06/2022 : Rs. CRS. :

FIIS : SELL -4,502 (3,927-8,925)

DIIS : BUY +3,807 (7,035-3,227)

*Mkt. Updates :*

*SGX Nifty -22 pts (15720) from last trade 15742 ,*

Nikkei -157 pts ,
Hangseng +43 pts ,
Now @6.53am .

Dow -151.91 pts ,Nsdq +19.12 pts, S&P
-14.15 pts , Bovespa -534 pts , Ftse -18 pts , Dax -122 pts , Cac -72 pts , Crude @ $118.67 brl (-0.26), Brent @ $120.75 brl (-0.42) , Gold @ 1811.90 (-1.60), Silver @ $21.03 (+0.07), Euro @ $1.0434, JPY @ $135.07,  INR @ 77.995


*US GOVT. 10-YEAR YIELD : 3.42%*


*Today's Corporate Action, 15 June Ex Date :*

CANBK
Dividend - Rs. - 6.5000
HIGHENE
Final Dividend - Rs. - 15.0000
HINDUNILVR
Final Dividend - Rs. - 19.0000
KEC
Final Dividend - Rs. - 4.0000
KHAICHEM
Final Dividend - Rs. - 0.1500
NEWGEN
Dividend - Rs. - 4.5000
SABOOSOD
Right Issue of Equity Shares
SONATSOFTW
Final Dividend - Rs. - 13.0000
TATACHEM
Final Dividend - Rs. - 12.5000
TATAELXSI
Final Dividend - Rs. - 42.5000
TATAPOWER
Final Dividend - Rs. - 1.7500
TATASTEEL
Final Dividend - Rs. - 51.0000
TINPLATE
Dividend - Rs. - 4.0000


*Today's Key Results/Board Meetings, 15-Jun-22 :*

AMALGAM
A.G.M.;General
GUJARATPOLY
General
IOB
General
KUMPFIN
A.G.M.
LLOYDSME
General
NDMETAL
General
RCIIND
Audited Results
STELLAR
Audited Results


*SEC. IN F&O BAN FOR, 15 JUNE, 2022 :*

*1. DELTACORP 2. RBL BK. 3. IBULHSGFIN*

*ADDITION : IBULHSGFIN*
*DELETION : NIL*

Business News Headlines

Economic Times
Ø TotalEnergies to acquire 25% interest in Adani New Industries to create world's largest green hydrogen ecosystem
Ø CCI approves BC Asia Investments' stake acquisition in IIFL Wealth Management
Ø Zerodha founder Nithin Kamath’s next mission: Consolidate dad’s portfolio
Ø Capital Small Finance Bank pays Rs 5.8 lakh to settle case with Sebi
Ø PNB Housing Finance to raise up to Rs 2,000 cr via bonds
Ø Bajaj Auto defers share buyback; Shekhar Bajaj steps down
Ø Irdai reduces solvency margin requirement for crop business; to unlock Rs 1,400 crore funds
Ø Industry tailwinds, deal pipeline to help Route Mobile achieve 40% growth in FY23: CEO
Ø RBI imposes monetary penalty on Urban Co-operative Bank, Budaun
Ø Asset quality worries completely unfounded: RBL Bank
Ø Embassy REIT distributes over Rs 5,800 crore to unitholders since listing
Ø NTPC to begin commercial operations of 15 MW solar capacity at Kawas Solar Project from midnight

Business Standard
Ø Tesla India policy exec quits after company puts entry plan on hold: Report
Ø WPI inflation in May accelerates to 15.88% on higher food prices
Ø LIC increases stake in Capri Global Capital, Hero MotoCorp and HUL
Ø Fitch sees another 100 bps policy rate hike by Dec, cites rising inflation
Ø Lots of interest in Metropolis, but we want a strategic fit: MD Ameera Shah
Ø IIFL Home Fin eyes IPO; looks to raise Rs 5,000 cr via direct assignment
Ø Ahmedabad-based Nandan Terry scraps IPO plans; withdraws draft papers
Ø Tata Steel unveils 7 mn pound green investment plan for UK steel tube mill
Ø BCCI walks away with Rs 48,390 cr in three-day IPL auction for media rights
Ø Refrigerator import ban, volume recovery can helfp Whirlpool stay cool

Financial Express
Ø Airlines to pay up to Rs 20,000 if denied boarding: DGCA
Ø Coinbase to reduce workforce by 18% as cryptocurrencies crash
Ø New tea marketing trends disrupt auction centre operations
Ø Drone segment gets off to a flying start in India
Ø IDBI Bank raises interest rates on retail term deposits by up to 25 bps
Ø Schneider Electric revamps IT partner programme for SME partners to hone skills, co-develop solutions, more
Ø Bank stocks attractive, says HDFC MF’s Prashant Jain; finds D-Street valuations reasonable now
Ø Capital Small Finance Bank pays Rs 5.8 lakh to settle case with Sebi
Ø Bajaj Chetak EV Clocks 14,000 Unit Sales: 16,000 Bookings In The Pipeline

Stocks in News post Market Hours :

1)ASIAN PAINTS LIMITED : Company has subscribed to 51% of the equity share capital of Weatherseal Fenestration comprising of 10,409 equity shares of Rs. 10 each at a premium of Rs. 18,091 per share, issued on preferential basis for an aggregate cash consideration of Rs. 18,84,13,309

2)NLC IndiaLtd, Engineers India : NLCIL appoints Engineers India Ltd as Project Management Consultant for Methanol Project

3)GPT Infraprojects Limited : Company has incorporated a new subsidiary at Republic of Ghana for manufacture of concrete sleepers.

4)G R Infraprojects Ltd : GR BANDIKUI JAIPUR EXPRESSWAY PRIVATE LIMITED" wholly owned subsidiary of the Company has executed the concession agreement with the National Highways Authority of India on 14th June 2022

5)SUKHJIT STARCH & CHEMICALS LTD : Company has successfully commissioned Hydrogen Generating Plant from Biogas produced from biomass/ process effluent at its new manufacturing unit commissioned at Phagwara (Punjab)

6)Inda National Ltd : subsidiary Kineco Ltd's -Patent for "Eccentric Assembly for Sliding Door", invented by its Rail Divisions' in house R&D team

7)Sigachi Industries Limited : Company has incorporated a wholly owned subsidiary in Dubai, UAE, under the name of “SIGACHI MENA FZCO” as a Free Zone Company in compliance with the regulations issued by the Dubai Integrated Economic Zones Authority (DIEZA)

8)Pacheli Industrial Finance : Board meeting On June 18 to approve the following:
I. To consider Right Issue and raise funds for expansion.
2.To consider acquiring purpose
and Epand In hosphality business.

9)Tarson Products Limited : Company has entered into a Memorandum of Understanding (MOU) dated 14th June, 2022, with Board of Radiation & Isotope Technology, Government of India (BRIT) in relation to setting up of Gamma Radiation Processing Plant of the Company at Amta, Howrah, West Bengal for captive consumption purpose

10)Shriram City Union Finance Limited : approved the issue of Secured Rated Listed Redeemable Principal Protected Market Linked Non-Convertible Debentures (PP-MLD) of face value of % 10,00,000/- each for an amount of Rs 50 crores(“Base Issue size”)with green shoe option upto Rs 250crores agercgating up to 3000 PP-MLDs amounting to Rs 3,00,00,00,00/-as one or more issuances, in one or more tranches either as fully paid up or partly paid-up on private placement basis

11)Moneyboxx : MoneyBoxx Finance advances its financial inclusion drive by expanding in Haryana

12)Wipro to quadruple the number of employees in Norway
With increased local investment, Wipro is positioning itself as a core part of the business eco-system in Norway

13)Cipla : Cipla and DNDi launch child-friendly 4-in-1 antiretroviral treatment for young children living with HIV in South Africa

14)DEV INFORMATION TECHNOLOGY LTD : DEV IT bags order worth Rs. 2.52 crore for Online Integrated Portal for Farmers (RajKisan Saathi) comprising of services related to agriculture, horticulture, seed certification, seed corporation, and agriculture marketing.

15)Arihant Superstructures Limited: approved allotment of 10,00,000 (Ten Lacs) Senior, Secured, Unrated, Unlisted, Redeemable, Non-convertible Debentures (NCDs) to Indian Real Estate Investment Fund totally aggregating to Rs. 10,00,00,000/ - (Rupees Ten Crores Only) having Face Value of Rs. 100 (Rupees Hundred Only) each on Private Placement basis

16)Praveg Communications : the Company has received a Letter of Award (“LoA”) dated June 13, 2022 from Tourism Corporation of Gujarat Limited (TCGL) for “Development of Site at Adalaj, Gandhinagar, Gujarat as a Themed Destination”

17LIC: The company’s stake in Hero MotoCorp has increased from 9.163% to 11.256%. It has also increased its stake in Hindustan Unilever to 5.008%.

18)NTPC: The company has started commercial operations for 15 MW out of 56 MW Kawas Solar PV Project at Kawas, Gujarat, taking its total operational capacity to 54,666.68 MW.

CABINET APPROVES AUCTION OF IMT/5G SPECTRUM. 5G SERVICES TO BE ROLLED OUT SOON – ABOUT 10 TIMES FASTER THAN 4G. OVER 72 GHZ OF SPECTRUM TO BE AUCTIONED FOR A PERIOD OF 20 YEARS.

#BREAKINGNEWS

FED EVENT WOULD BE DISCOUNTED SOON BY MARKETS AND SUCH +VE DEVELOPMENTS COULD HELP STABILIZE AND RESTORE CERTAINTY.

*🔹INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 15-06-2022 :*

*FIIS F & O : RS. CRS. :*

*TOTAL NET BUY : +1951* 😄

*INDEX FUT. : +11*

*INDEX OPT. : +2502*

*STOCK FUT. : -630*

*STOCK OPT. : +68*


*🔹INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 15-JUN-22 : (Rs. CRS )*

*FIIS : SELL -3,531 (3,943-7,474)* 😢

*DIIS : BUY +2,588 (5,417-2,829)* 😄

*BSE SENSEX : -152 (52,541)🔽*

*NSE NIFTY : -40 (15,692)🔽*

*BSE MIDCAP. : +114 (21,955)*🔼

*BSE SMLCAP. : +123 (25,066)*🔼

*B. CRUDE : $ 120.63* 🔽 😄😄

*GOLD: $1830=INR 51570(10gr)*🔼🙂

*SILVER :* *RS. 60,350 (kg) (5pm) ↔️ 😳*

*FOREX : RS. : $ 78.0650* 🔽 😔

*6.54% GOI '32 : 7.5921% (92.9175)* 🔼 😔

*5.74% GOI '26 : 7.3140% (94.1450)* 🔼 😔

*6.67% GOI '35 : 7.7173% (91.3125)* ↔️ 😔

Govt cuts gold base import price to $585/10 gm from $597/10 gm

Govt cuts silver base import price to $695/kg vs $721/kg @alliesfin

IPL AUCTION
#AlliesFin

Total Matches: 410
Balls Per Match: 240 (not counting extras)

Total Broadcast Rights: 48390 Cr
Total Balls Bowled: 98400

Each Ball Bowled is worth Rupees 50 Lakh

Per over 300 lakh

And you think India me Mandi hai 😀

U.S FED : FED HIKES RATES BY 75 BPS

US 10-YEAR TREASURY YIELDS RISE TO 3.425%, AFTER BRIEFLY DIPPING ON FED STATEMENT

U.S. DOLLAR CURRENCY INDEX RISES AFTER FED DECISION; LAST UP 0.48% AT 105.79

Business News Headlines

Economic Times
Ø Powell says Fed could hike rates by 0.75 again in July
Ø NBFC-MFIs gear up to raise equity as growth prospects return
Ø FPIs more bearish on equities than during first Covid jolt
Ø Hero MotoCorp-backed EV maker Ather Energy in talks with state govts to set up third manufacturing plant
Ø Fitch revises rating outlook on 9 banks
Ø India's diesel sales rise 48% in first two weeks of June
Ø Jio-bp to power Zomato's 100% electric vehicle fleet
Ø JSW Steel crude steel production in May jumps 31 per cent
Ø RBI imposes monetary penalty on Urban Co-operative Bank, Budaun
Ø Metropolis is gearing up to serve a larger segment of consumers: Ameera Shah, MD
Ø IPL media rights: BCCI takes home record Rs 48,390 crore
Ø Bullish on Indian market, "absolutely" compliant with local laws: Amazon India senior exec

Business Standard
Ø France's Airbus close to clinching Air India deal for 50 A350 aircraft
Ø Expect telcos to buy spectrum worth Rs 1 trn-Rs 1.1 trn in 5G auction: Icra
Ø Fitch revises outlook on domestic lenders to 'Stable', affirms IDRs
Ø Sugar mills foresee output spike, want 8 mn tonne OGL exports next season
Ø Lots of interest in Metropolis, but we want a strategic fit: MD Ameera Shah
Ø Indian Hotels' Taj ranked world's strongest hotel brand by Brand Finance
Ø Ashok Leyland arm Switch Mobility to raise $300 mn, unveils e-bus platform
Ø Tata Steel unveils 7 mn pound green investment plan for UK steel tube mill
Ø Irdai working group recommends relaxing investment norms for insurers
Ø COAI names Reliance Jio's Pramod Mittal as Chairperson for 2022-23

Financial Express
Ø Viacom18 invests in digital with IPL
Ø PhonePe prepping for IPO, seeks valuation of $8-10 billion
Ø New tea marketing trends disrupt auction centre operations
Ø Yes Bank seeks shareholders’ nod for raising up to Rs 10,000 crore debt capital
Ø Indian Railways to invest Rs 50 crore in startups annually; innovators to retain their IPR
Ø Schneider Electric revamps IT partner programme for SME partners to hone skills, co-develop solutions, more
Ø Bank stocks attractive, says HDFC MF’s Prashant Jain; finds D-Street valuations reasonable now
Ø Capital Small Finance Bank pays Rs 5.8 lakh to settle case with Sebi
Ø Realtors worry more about input price increase than interest rates