*India Daybook – Stocks in News*

*Anupam Rasayan:* Signs Letter of Intent Worth $ 265 Million or Rs 2186 Cr with Japanese Speciality Chemical Company (Positive)

*Zydus Life:* The USFDA good manufacturing practice inspection concluded with nil observations (Positive)

*Infosys:* Belgium’s Keytrade Bank Selects Infosys Finacle Suite for Core Banking Transformation (Positive)

*3i Infotech:* Arm NuRe FutureTech Signs MoU with SRM Valliammai Eng College, Chennai (Positive)

*LTIM:* Joins Microsoft Intelligent Security Association (MISA) (Positive)

*Zee Entertainment:* Investment entity Plutus Wealth Management LLP has bought 75 lakh equity shares (Positive)

*Capacite Infraprojects:* Societe Generale has bought 24.17 lakh equity shares or a 3.5 percent stake in the company (Positive)

*KEC International:* The company has bagged new orders worth Rs 1,373 crore (Positive)

*Dhampur Sugar:* Company has completed expansion of its grain-based distillery capacity of 100 KLPD (Positive)

*Greaves:* Promoter has bought 1.15 lakh shares in the company (Positive)

*Pricol:* Promoter has bought 7.1 lakh shares in the company (Positive)

*LIC Housing:* Ashwani Ghai Resigns As Whole Time Director & CEO w.e.f. June 13, 2023 (Neutral)

*ONGC:* ONGC Petro additions plans on 3-year bond sale, as per sources Neutral)

*Tata Steel:* 19 persons injured after mishap at Tata Steel plant in Dhenkanal, Odisha (Neutral)

*Kotak Mahindra Bank:* The Board of Directors will meet on June 16 to consider raising funds (Neutral)

*Reliance:* NCLT approves withdrawal of scheme of amalgamation of Reliance Green Energy with Reliance Industries (Neutral)

*Tata Chemicals and Canara Bank:* The companies will go ex-dividend today (Neutral)

*Zomato:* Zomato Australia Pty Limited, a Australia-based step down subsidiary of the company has been deregistered (Neutral)

*Nazara:* Europe-based financial services group Societe Generale has sold 4 lakh shares or a 0.6 percent stake

*Fiem Industries:* A fire incident occurred in one building of unit-7 at the Sonipat plant in Haryana.

*Tata Chemicals:* Company downward revised Soda Ash prices by Rs 2,300 per metric tonne

*Global bits*

✒️Nikkei hits fresh 33-yr high ahead of BOJ policy meeting

✒️China, Hong Kong shares open higher after policy rate cut

✒️Euro, sterling hover close to multi-week highs

✒️U.S. short-term yields slip after hitting 3-mth top

✒️Toronto market climbs to one-week high as U.S. inflation eases

✒️UK's FTSE 100 gains as miners strengthen, offsetting services weakness

✒️Gulf bourses gain on rising oil prices, Fed rate pause optimism

✒️China's new bank loans picked up in May from the previous month, as the central bank kept policy accommodative to support the economy, but signs of slowing momentum have raised expectations that more stimulus may be needed to sustain the recovery.

✒️Tyson Foods to lay off 228 employees near Chicago who decline move to Arkansas

✒️Exclusive: SoftBank prepares new round of layoffs at Vision Fund

✒️Wells Fargo CFO expects upside in net interest income

✒️U.S. Bancorp CEO says economy heading for "moderate" recession

✒️Dollar skids to three-week low as modest US inflation data reinforces Fed pause view

✒️API shows U.S. crude, fuel stocks rose last week

✒️Oil prices climbed over 3% on Tuesday on hopes for growing fuel demand after China's central bank lowered a short-term lending rate for the first time in 10 months

✒️OMV Petrom makes largest crude oil discovery in decades

✒️IKEA is training call centre workers to become interior design advisers as the Swedish furniture giant aims to offer more home improvement services and hand run-of-the-mill customer queries to an artificial intelligence bot called Billie.

✒️New Zealand's economy likely in recession as rate hikes take hold

✒️HSBC to close New Zealand wealth and personal banking business

✒️S.Korea's jobless rate falls to record low, factory sector still shaky

✒️Investors may exit consumer goods firms over EU deforestation law

✒️Domino's Pizza to shut 27 stores in Denmark, Australian arm

✒️Fed still waiting on a core services price crash

✒️German investor morale improves but challenges remain – ZEW

✒️BoE's Bailey says data show labour market 'very tight'

✒️Bank of England's Dhingra says effect of rate rises will be slow

✒️Surprise UK wage jump raises likelihood of higher interest rates

✒️Analysts bet bumper Turkish rate hikes on the way

✒️Nigerian banking stocks rise 8% after central bank governor suspended

✒️Finnair raises profit outlook on higher travel demand

✒️US small business sentiment edges up in May, NFIB says

✒️Indian shares rose as easing inflation boosts gains

✒️Oracle beats quarterly revenue estimates on cloud services demand

✒️BlackRock on Tuesday launched the "Brown to Green Materials Fund" targeting undervalued carbon-intensive companies that produce the raw materials and products driving the energy transition.

Source: Reuters

*Eco Update::*

*US- Interest Rate Decision*

Act: 5.25% vs Exp: 5.25% vs Prv: 5.25%

*Data is inline with the expectations.*

Source: Reuters.

*Business News Headlines*

*Economic Times*
Ø PNB, LIC, SBI & BOB look to seek bids for UTI AMC stake
Ø Fed pause interest rate hikes but signals more tightening to come
Ø May WPI inflation falls to over 7-yr low of -3.48%
Ø Corporate dollar inflows boost ₹
to 1-month high
Ø Biparjoy landfall today, 50,000 evacuated in Guj
Ø Voda, Hutchison merge to create UK’s largest telco
Ø Govt's call for fuel price cut may eat into OMCs’ margins

*Business Standard*
Ø GST audit of 50,000 new cases in FY24, says CBIC chairman
Ø M&M, Hinduja join race to buy MG Motor India stake
Ø Lenovo to invest $1 bn in 3 yrs
to advance AI infra solutions
Ø Housing prices surge up to 59%
on high demand
Ø 30% localisation: Tough road for Apple
Ø Renault eyes next million cars
by ’30 on EV push, new models
Ø India oil demand growth to cross China’s by 2027: IEA

*Financial Express*
Ø Big tech firms need more Govt sights
Ø FY24 windfall tax kitty may fall amid softer crude prices
Ø Volvo Cars India to electrify before parent’s 2030 goal
Ø EU weighs decision on Google ad biz breakup
Ø NBFCs may see higher cost of
funds as bonds mature: CLSA
Ø Oberoi Realty’s fortune hinges on timely launches, new plots
Ø Working to help India attract
private capital, says Yellen

*Mint*
Ø Coastal Gujarat, Pak brace for floods as Biparjoy nears
Ø reachWPI contracts for second month as energy prices cool
Ø Seafood exports rise 4.31% to
$8 billion in 2022-23
Ø BSE sells 4.5% stake in CDSL for ₹468 crore
Ø Zurich Insurance eyes 51% of
Kotak’s general insurance arm
Ø Sterling Accuris buys Gujarat
pathology network VIP Lab
Ø Telecom sector pines for tariff call

*Business Line*
Ø At 2.59 lakh, 2­w exports hit 5­ month high in May  
Ø Zurich Insurance Group eyes
$400 ­mn stake in Kotak arm
Ø Modi’s US visit: Yoga, bilateral  talks, CEO meet, defence deals on  agenda Ø Tata Realty turns to commercial
projects on weak home sales
Ø India, China account for 80% of  Russia’s crude oil exports in May 
Ø Need to reduce gaps in emerging  clean energy technologies Oil  Minister
Ø Bernstein bullish on Reliance,
sets a price target of ₹3,040      

Enhanced Surveillance Measure applicable for companies having a market cap less than 500 crs.

ESM-1- Stock moves into this category if the price movement is more than
30% in 1 month
100% in 6 months
150% in 12 months

ESM-2- When ESM-1 stock moves more than
15% in 5 days
30% in a month

ESM-2 stocks will trade only on Monday in periodic call auction with a 2% circuit.

ESM-2 stock will spend 1 month there and will come out of ESM-2 and move to ESM-1 if close-to-close price variation is less than <= 8%.

KARUR VYSYA BANK

A BANK TRIPLES OR 3X IN JUST 1 YEAR.

WHO SAYS BANK CANNOT TRIPLE IN 1 YEAR ?

CLASSIC EXAMPLE AND LEARNINGS.

@A1GURUKULAM

LINK TO THIS POST
https://telegram.me/A1GuruKulam/7570

ASHOK LEYLAND

TRYING TO ENTER NEW ZONE OR LIFE TIME TOPS.

+VE SIGN

KEEP A WATCH FOR UPCOMING MONTHS

LEARN WITH AXiiT @A1GURUKULAM

LINK TO THIS POST
https://telegram.me/A1GuruKulam/7571

Is your portfolio doing same ?
Outperforming or underperforming indices ?

Traders look at *Price,*
Investors look at *Value..*

Traders watch *CNBC,*
Investors *Read Books..*

Traders Watch Minutely *Charts,*
Investors chill out on *Beaches..*

Traders make *Brokers* Rich,
Investors make *themselves* Rich..

Traders *average* on *Downside,*
Investors average on *Upside..*

Traders look at *10%* Profit,
Investors look at *10x* Profits..

Trading is a *Maths,*
Investing is an *Art..*

Traders ride on *Tips,*
Investors ride on *Research..*

Traders are always in *Hurry,*
Investors are always *Cool..*

*Mkt. Updates :*

*SGX Nifty +2 pts (18895) from last trade 18893 ,*

Nikkei -75 pts ,
Hangseng -57 pts ,
Now @6.53am .

Dow -108.94 pts ,Nsdq -93.25 pts, S&P -16.25 pts , Bovespa -462 pts , Ftse +14 pts , Dax +67 pts , Cac +97 pts , Crude @ $71.26 brl (-0.52), Brent @ $76.09 brl (-0.52) , Gold @ 1969.00 (-2.20), Silver @ $24.185 (+0.05), Euro @ $1.0938, JPY @ $141.87, INR @ 81.915


*US GOVT. 10-YR YIELD : 3.77%*


*Today's Corporate Action, 19 June Ex Date :*

ACGL
Final Dividend - Rs. - 15.0000
ASHCAP
Bonus issue 1:2
CRAFTSMAN
Final Dividend - Rs. - 11.2500
FUTSOL
Final Dividend - Rs. - 1.0000
HINDUNILVR
Final Dividend - Rs. - 22.0000
VINCOFE
Right Issue of Equity Shares 


*Today's Board Meetings, 19-Jun-23 :*

CANFINHOME
General        
CUBEXTUB
General        
DLCL
Audited Results      
EASTWEST
General        
GAL
Audited Results;General    
GANESHBE
General        
KUMPFIN
A.G.M.        
NINSYS
Bonus issue;Increase in Authorised Capital  
PARSVNATH
Audited Results;Dividend    
REGENTRP
General        
ROSEMER
General;Preferential Issue of shares;Issue Of Warrants
SHIVAEXPO
Audited Results      
SPAR
General        
ZGOLDINV
Audited Results;General  


*SEC. IN F&O BAN FOR, 19 JUN, 2023 :*

*1. IBULHSGFIN 2. IEX 3. INDIACEM 4. DELTACORP 5. L&TFH 6. MANAPPURAM 7. TATACHEM 8. ZEEL*

*ADDITION : NIL*
*DELETION : BHEL*

*News Headlines from Business News Agencies:*

*Business Standar :*

• Profit trajectory to continue despite ECL regime impact: BoB MD & CEO

• Rs 10,500 crore in the pipeline for coal-fired thermal power project in UP.

• Fluctuations in airfares likely to continue, says IndiGo CEO Pieter Elbers

• India plans to challenge European Union's carbon border tax at WTO.

• PNB's unsecured loan exposure within regulatory norms, says MD & CEO.

• Axis Bank appoints former RBI deputy guv Vishwanathan as non-exec chairman.

• L&T's InvIT closes acquisition of Rs 8,270 crore roads from Brookfield.

• NCDEX all set to relaunch groundnut futures after more than 13 years.

• Bank of Maharashtra plans to recover 5% from written-off accounts in FY24.

• IKIO Lighting makes strong debut on bourses, rises 40% on listing day.

• Natco gets USFDA approval for Tipiracil Hydrochloride, Trifluridine Tablets.

• India to have 40% of global workforce by 2050: NSA Ajit Doval

• DoT to make room for 'powerful' regulator in new Telecommunications Bill

• India's net direct tax mop-up soars 36% to Rs 3.78 trillion in Q1FY24

*Economic Times :*

• ONGC chief expects Russian oil to make up 30% of India's imports- Interfax

• Prospects for UBS are better than ever: CEO Sergio Ermotti

• India to manufacture
BrahMos, drones in UP defence corridor, says Union minister

• U Saravanan becomes CMD of state-owner fertilizer firm NFL.

• Airtel may raise up to $1 billion in offshore bonds.

• Oil exploration contracts not to be covered under IBC moratorium.

• Tatas look to fast-track synergy between AI Express and AirAsia.

• Bank of Japan sticks to ultra-loose monetary policy.

• Bank of England raise rates to 4.75% as inflation slow to fall.

• Govt likely to come out with logistics cost estimate by Sept: DPIIT Official

• India-UK FTA has to be win-win for both sides, says FICCI president

• Twitch star signs $100 million deal with rival platform Kick

• Dr Reddy's clears USFDA inspection for two plants

• S&P 500 above 4,400 leaves no room for more gains: Citigroup

*Mint :*

• Monsoon likely to reach east India next week: Skymet

• Windfall tax on petroleum crude, ATF, diesel retained at zero.

• PNB Housing Finance to consider raising funds of ₹5,000 cr on June.

• RBI clarifies on HDFC Bank's commercial liabilities.

• RBI imposes ₹20 lakh penalty on Manappuram Finance.

• CNG truck sales see drastic fall as buyers favour diesel.

• Patanjali eyes premium foods, to scale up dry fruit biz

• RBI approves re-appointment of Vasudevan P N as MD, CEO of Equitas SFB

• Govt likely to get record ₹63,000 crore dividend from listed PSUs

• NTPC Vidyut Vyapar Nigam commissions first solar rooftop project at IIT Jodhpur

• US inflation won't come down as quickly as markets are pricing: Goldman Sachs

• Samvardhana Motherson to buy 100% stake in France-based Cirma Entreprise

• US inflation won't come down as quickly as markets are pricing: Goldman Sachs

*🌹India Daybook – Stocks in News*

*HAL:* GE-HAL deal to pave the way for 80% transfer of technology of jet engines by value: media (Positive)

*HDFC Bank:* Reserve Bank of allows the bank to hold Commercial Papers issued by HDFC Limited till their maturity (Positive)

*Gufic Biosciences:* Company gets National Medical Products Administration, China approval for Prilocaine (Positive)

*Axis cades:* Company to acquire GmBH, Germany (Positive)

*Castrol:* Company announces alliance with Mahindra Insurance Brokers (Positive)

*Steel companies:* India mulls imposing countervailing duty to check dumping of steel products (Positive)

*Skipper:* Company wins fresh orders worth Rs.1135 Crores from Domestic & International Market’ (Positive)

*ABB:* Kanpur Metro deploys ABB India’s Electrification solutions for reliable power control and distribution (Positive)

*Wipro:* Expands its Immersive Innovation Experiences with the Launch of Energy and Utilities with Microsoft (Positive)

*JBM Auto:* Company is top contender to acquire controlling stake in SML Isuzu: media. (Positive)

*TVS Shrichakra:* TVS Eurogrip Tyres makes a mark at Latin Tyre & Auto Parts Expo in Panama (Positive)

*Electronics Mart India:* Company has commenced the commercial operation of a new Exclusive Brand Outlet (Positive)

*Dr Reddy:* USFDA completed a GMP inspection at API manufacturing facility in Bollaram, Hyderabad (Positive)

*IKIO Lighting:* Quant Mutual Fund via Quant Quantamental Fund has acquired 6.01 lakh shares and Quant Multi Asset Fund bought 6.02 lakh shares. (Positive)

*IIFL Finance:* DSP Mutual Fund has bought 50 lakh equity shares. (Neutral)

*Kalpataru Projects:* Board to consider raising funds via NCDs. (Neutral)

*PNB Housing Finance:* Board to consider raising funds worth Rs 5,000 cr (Neutral)

*Axis Bank:* Board appoints NS Vishwanathan as Non-Executive (Part-time) Chairman for 3 years (Neutral)

*Bharti Airtel:* Company mulls offshore bond issue to raise $1 bn. (Neutral)

*PFC:* Incorporation of a Special Purpose Vehicle {SPY} for development of Independent Transmission Projects. (Neutral)

*Tata Steel:* Company plans Rs 16,000 crore consolidated capex in FY24 (Neutral)

*Oil upstream companies:* Windfall Tax on petroleum crude, ATF, Diesel, Petrol continues to be nil (Neutral)

*Adani Enterprises:* Subsidiary has signed a Share Purchase Agreement for proposed acquisition of 100 percent stake in Stark Enterprises (Neutral)

*Kalyan Jewellers:* Highdell Investment, owned by private equity firm Warburg Pincus, has sold partial stake in company through open market transactions (Neutral)

*Aavas Financiers:* Foreign portfolio investor Small Cap World Fund Inc has offloaded 7.08 lakh equity shares

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 19-06-2023 :*

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

*TOTAL NET BUY : +543* 🙂

*INDEX FUT. : -1324*

*INDEX OPT. : +4100*

*STOCK FUT. : -1882*

*STOCK OPT. : -350*

*SEC. IN F&O BAN FOR, 20 JUN, 2023 :*

*1. IBULHSGFIN 2. HAL 3. INDIACEM 4. DELTACORP 5. L&TFH 6. MANAPPURAM 7. TATACHEM 8. ZEEL*

*ADDITION : HAL*
*DELETION : IEX*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 19-JUN-2023 :*

*FIIS : SELL -1,031 (8,355-9,386)* 😩

*DIIS : SELL -365 (6,412-6,777)* 😔

*BSE SENSEX : -216 (63,168)🔽*

*NSE NIFTY : -70 (18,756)*🔽

*BSE MIDCAP. : -22 (28,309)*🔽

*BSE SMLCAP. : +77 (32,369)*🔼

*B. CRUDE : $ 76.49* 🔼 😔

*GOLD: $1953=INR 59,300(10gr)* 🔽 😔

*SILVER : RS. 73,800 (kg) 🙂(5pm)* 🔼 🙂

*FOREX : RS. $ 81.94* ↔️ 😳

*7.26% GOI '33: 7.0605%(101.3650)*🔼😔

*7.26% GOI '32 : 7.1001%(101.05)* 🔼😔

*7.41% GOI '36 : 7.1543% (102.19)*🔼😔

*SGX Nifty -5 pts (18835) from last trade 18840 ,*


Nikkei +84 pts ,
Hangseng -49 pts ,
Around @ 7.00am .


US Mkt Clsd , Bovespa -462 pts , Ftse -54 pts , Dax -156 pts , Cac -74 pts , Crude @ $71.29 brl (-0.49), Brent @ $76.09 brl (-0.00) , Gold @ 1963.30 (-7.90), Silver @ $24.055 (-0.07), Euro @ $1.092, JPY @ $141.95, INR @ 81.915




*Today's Corporate Action*
*20th June Ex Date*


 

BANKINDIA
Dividend - Rs. - 2.0000
BLUESTARCO
Bonus issue 1:1
CEATLTD
Final Dividend - Rs. - 12.0000
CERA
Dividend - Rs. - 50.0000
DREDGECORP
E.G.M. 
MFL
Final Dividend - Rs. - 2.5000
MOL
Final Dividend - Rs. - 1.4000
NEWGEN
Final Dividend - Rs. - 5.0000
SAGCEM
Final Dividend - Rs. - 0.7000



*Today's Board Meetings*
*20-Jun-23*




AREYDRG
Preferential Issue of shares    
ASWTR
General;Preferential Issue of shares  
AURIONPRO
Preferential Issue of shares;Issue Of Warrants
LESHAIND
General        
MANAPPURAM
General        
MKEXIM
General        
QGO
General        
SATIN
General        
SECURCRED
General        
ZBINTXPP
General        
ZHINUDYP
General




*Stock under F&O ban on NSE*
*20-Jun-23*




1 DELTACORP
2 HAL
3 IBULHSGFIN
4 INDIACEM
5 L&TFH
6 MANAPPURAM
7 TATACHEM
8 ZEEL

India Daybook – Stocks in News

HDFC: Company divests stake in HDFC Credila to Baring PE & ChrysCapital for Rs 9,060 crore (Positive)

Royal Orchid Hotels: Company appoints Philip Logan as Chief Operating Officer (Positive)

Sun Pharma: Acne cream WINLEVI gets Health Canada approval (Positive)

Bharat Agri: Receives Commencement Certificate from Thane Municipal Corp for a residential project (Positive)

FMCG Stocks: India reduces basic import duty on refined soyabean, sunflower oils by 5% (Positive)

ITI: Company signs MoU with TCIL & CDOT to synergise R&D initiatives in telecommunications (Positive)

HPCL: Company bags long-term contract from OPaL to supply 13.53 trillion Btu of Natural Gas (Positive)

InterGlobe Aviation: The low-cost airline has placed an order for 500 Airbus A320 Family aircraft. (Positive)

3i Infotech: Bags An Order Worth Rs 42.6 Cr Fm Indian Pvt Sector Bank (Positive)

Can Fin Homes: Board approves raising funds up to Rs 4,000 cr via Debt instruments. (Neutral)

Aurionpro: Consider Fund Raising by way of Shares or Warrants. (Neutral)

Shriram Finance: TPG India Investments II Inc has sold its entire shareholding of 99.18 lakh shares (Neutral)

Ami Organics: High networth individual Girishkumar Limbabhai Chovatia has sold 3.6 lakh shares in the company (Neutral)

Aether Industries: Company launches QIP to raise Rs 750 cr, sets floor price at Rs 936/share (Neutral)

Timken: Holder to sell 63 lk shares in company worth $231 million at a floor price of Rs 3,000/share: Sources

HDFC AMC: Abrdn to sell 2.18 cr shares (10.2% equity) in HDFC AMC via BlockDeals: Sources

Tega Industries: Promoters have offloaded a total of 4.1 percent stake in the company

SPOT NIFTY CHART.
NIFTY ALMOST DOUBLE TOP FORMATION ON DAILY CHART
WATCH 18000 PE DEC 23 OR 18500 PE JULY 23.
STOP LOSS CAN BE TODAYS SPOT NIFTY TOP. @A1GURUKULAM

LINK TO THIS POST
https://telegram.me/A1GuruKulam/7575

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 20-06-2023 :*

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

*TOTAL NET SELL : -26071* 😭😭

*INDEX FUT. : +369*

*INDEX OPT. : -26288*

*STOCK FUT. : -326*

*STOCK OPT. : +173*

*SEC. IN F&O BAN FOR, 21 JUN, 2023 :*

*1. IBULHSGFIN 2. HAL 3. INDIACEM 4. DELTACORP 5. L&TFH 6. HINDCOPPER 7. BHEL*

*ADDITION : BHEL, HINDCOPPER*
*DELETION : ZEEL, TATACHEM, MANAPPURAM*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 20-JUN-2023 :*

*FIIS : SELL -1,942 (11,734-13,676)* 😢

*DIIS : BUY +1,972 (9,851-7,879)* 😀

*BSE SENSEX : +159 (63,327)🔼*

*NSE NIFTY : +61 (18,817)*🔼

*BSE MIDCAP. : +133 (28,442)*🔼

*BSE SMLCAP. : +129 (32,498)*🔼

*B. CRUDE : $ 74.80* 🔽 😊

*GOLD: $1933=INR 58,6000(10gr)* 🔽 😩

*SILVER : RS. 74,300 (kg) 🙂(5pm)* 🔼 🙂

*FOREX : RS. $ 82.12* 🔽 😔

*7.26% GOI '33: 7.0583%(101.38)*🔽😳

*7.26% GOI '32 : 7.0971%(101.07)* 🔽🙂

*7.41% GOI '36 : 7.1554% (102.18)*↔️😳

*News Headlines from Business News Agencies:*

*Business Standard*

• Google scouts for suppliers to move some Pixel production to India
• IndiGo has flexibility to decide 2035 size, says CEO Pieter Elbers
• Uttar Pradesh's farm exports increase 5% to Rs 19,000 crore in FY23
• Barings PE, ChrysCapital acquire 90% stake in HDFC Credila for Rs 9,060 cr
• Leadership at global institutions like UN needs to be re-evaluated: PM Modi
• Centre planning to stop subsidies of firms found violating FAME-II norms
• Daniel Zhang to step down as Alibaba CEO, Eddie Wu Yongming to succeed him
• LT Foods is eyeing Rs 11.5K-crore revenue in 5 years: CEO Ritesh Arora
• Sebi order 'unjustified and unwarranted', Zee Ent argues before SAT
• Urge farmers to cultivate millets, pulses: FM Nirmala Sitharaman to Nabard
• Foodgrain prices increase up to 15% in 2 weeks due to delays in monsoon
• Pidilite to manufacture Litokol and Tenax products from Italy in India

*Economic Times*

• Spacetech startup Digantara raises $10 million in latest funding
• Carlos Ghosn sues Nissan for $1 bln in Lebanon-lawsuit
• Seven medicines manufactured in India flagged ‘toxic’ by WHO
• Suzuki Motor Company freezes car & bike plants in cash-strapped Pakistan due to import restrictions
• SBI MD Swaminathan Janakiraman appointed as RBI's deputy governor
• IIFL Securities to approach SAT against Sebi order on taking up new clients
• L Catterton pumps $60 million into pet food maker Drools at $600 million valuation
• SpiceJet suspends flights on Puducherry- Bengaluru- Hyderabad route
• Biparjoy Cyclone: LIC announces relaxations for victims of cyclone
• BharatPe appoints Partha Pratim Sengupta as nominee director in Unity Bank
• Hyundai Motor to invest $85 billion by 2032 to accelerate EV plans
• Medtech firm Surgalign files for Chapter 11 bankruptcy

*Mint*

• Airtel partners Matter Motor Works to deploy IoT in Aera e-bikes
• Cement prices likely to dip 1-3% this FY despite healthy demand: Crisil
• Construction material firm Infra.Market to raise $150 mn from Varde Partners
• Delta Corp reappoints Ashish Kapadia as MD for 5 years
• China riding on high demand for Nvidia AI chips
• HDFC Mutual Fund launches its first non-cyclical consumer fund
• Thales in talks with Adani, Reliance for drone management
• Max Life Insurance invests ₹49.5 crore in Capital Small Finance Bank
• Norwegian fund commits equity, guarantees for Enel Green Power’s wind plant
• Intel to invest $25 billion to build factory in Israel
• Hasmukh Adhia, Principal Adviser to Guj CM, appointed as Director & Chmn of Gujarat Mineral Development Corporation
• BEL order intake at Rs 5,900 crore in FY24 till date

*India Daybook – Stocks in News*

*Pidilite:* Company to manufacture Litokol and Tenax products from Italy in India (Positive)

*HDFC Life:* Competition Commission of India approves acquisition of additional stake in HDFC Life & HDFC Ergo by HDFC (Positive)

*HDFC AMC:* SBI Mutual Fund, Zulia Investments, Smallcap World Fund and Societe Generale have bought 99.1 lakh equity shares (Positive)

*KIMS:* SBI Mutual Fund has bought 40.68 lakh shares or 5.08 percent stake (Positive)

*Thyrocare:* ICICI Prudential Mutual Fund bought 22.53 lakh equity shares (Positive)

*Archean Chemical:* Europe-based financial services group Societe Generale has bought 6.42 lakh equity shares (Positive)

*PFC:* Company sets up a Special Purpose Vehicle (SPV) for development of independent transmission projects (Positive)

*GR Infra:* Received Letter of Award for a project 'Four laning of NH 530B (Positive)

*Bharti Airtel:* Matter Motor Works and Bharti Airtel announced a strategic partnership to deploy Airtel’s IoT solution in Matter AERA, India’s first and only geared electric motorbike. (Positive)

*GMDC:* Hasmukh Adhia, Principal Adviser to Guj CM, appointed as Director and Chairman of company. (Positive)

*Gujarat Alkalies:* Hasmukh Adhia, Principal Adviser to Guj CM, appointed as Director and Chairman of company. (Positive)

*Rail Vikas Nigam:* The company in its clarification note to exchanges said the news with respect to the breaking of a joint venture between RVNL and Transmashholding (TMH) is factually incorrect (Positive)

*Avenue Supermarts:* Vice President of Buying & Merchandising, Dheeraj Kampani, tenders his resignation. (Neutral)

*Fino PB:* Rakesh Bhartia withdraws his nominations as Part-time Chairman. (Neutral)

*Shilpa Medicare:* Company to consider fund raising via Rights Issue on June 23 (Neutral)

*Piramal Ent:* Company to sell entire 8.34% stake in Shriram Finance via Block Deals (Neutral)

*SBI:* Managing Director Swaminathan Janakiraman appointed RBI Deputy Governor (Neutral)

*Jamna Auto:* Foreign portfolio investor Smallcap World Fund Inc has sold 59.05 lakh shares

*Aptech:* Anil Pant, MD & CEO, informed the company on June 19 that he would be proceeding on indefinite leave with effect from June 20.