*India Daybook – Stocks in News*
*Aurobindo Pharma:* Company gets exclusive rights for BioFactura's monoclonal antibody ustekinumab biosimilar (Positive)
*Zydus Life:* US FDA concludes pre-approval inspection with Zero observations for Ahmadabad-based formulation manufacturing facility at SEZ 2 (Positive)
*Gland Pharma:* Company gets USFDA nod for Fomepizole’s Abbreviated New Drug Application (Positive)
*RVNL:* Company emerges as lowest bidder for a NHAI project worth Rs 808.48 cr (Positive)
*HAL:* Ministry of Defence & HAL sign Rs 458 cr deal for two upgraded Dornier aircraft for Indian Coast Guard (Positive)
*Samvardhana Motherson:* To acquire Rollon Hydraulics for an equity value of Rs 103 cr (Positive)
*TVS Motor:* Company launched ‘Modern-Retro’ motorcycle in Indonesia (Positive)
*Sula Vineyards:* Company has recorded its highest ever Q1 net revenues overall as well as for Own Brands. (Positive)
*Reliance Industries:* Company sets July 20 as record date for Reliance Strategic Investments demerger (Positive)
*Prism Johnson:* Company to transfer limestone land parcels, mining lease in Andhra Pradesh to Ramco Cements (Positive)
*IRB Infra:* June toll revenue up 16.5% at Rs 383.3 cr vs Rs 329.1 cr (YoY) (Positive)
*Oil upstream stocks:* Oil prices climb to the highest in two months outweighing Fed rate hike (Positive)
*Max Ventures:* Max Estates'' first luxury residential project in NCR garners pre-formal launch sales of INR 1,800+ crores (Positive)
*Usha Martin:* SOCIETE GENERALE bought 16,59,466 shares at Rs 279.99/ share (Positive)
*IOC:*Board approves raising capital of up to Rs 22,000 crore via rights issue (Neutral)
*HDFC Bank:* Bank to replace HDFC Ltd on MSCI indexes. (Neutral)
*Reliance Industries:* Reliance Retail board approves equity capital reduction plan shares valued at Rs 1,362 apiece (Neutral)
*Vedanta:* Board approves acquisition of Vedanta Foxconn Semiconductors & Vedanta Displays (Neutral)
*Hindustan Zinc:* Company declares an interim dividend of Rs 7 per share (Neutral)
*Tata Motors:* Group global wholesales at 3,22,159 in Q1 FY24 (Neutral)
*Hindustan Zinc:* Company declares interim dividend of Rs 7 per share (Neutral)
*Adani Ent:* Company has completed acquisition of 29.81% stake of Stark Enterprise (Neutral)
*Spice Jet:* To Consider Raising Capital Via Equity And/Or Convertible Securities On Preferential Basis (Neutral)
*HDFC:* All existing F&O monthly and weekly contracts in the underlying HDFC contracts with expiry dates post July 12, 2023, shall expire on July 12, 2023 (Neutral)
*Som Distilleries:* Board approves fund raising through the issue of convertible equity warrants to promoters (Neutral)
*Suzlon:* Board has approved a proposal to raise up to Rs 2,000 crore (Neutral)
*Zee Ent:* NCLT hearing in the Zee-Sony Merger case set to resume (Neutral)
*Aurobindo Pharma:* Company gets exclusive rights for BioFactura's monoclonal antibody ustekinumab biosimilar (Positive)
*Zydus Life:* US FDA concludes pre-approval inspection with Zero observations for Ahmadabad-based formulation manufacturing facility at SEZ 2 (Positive)
*Gland Pharma:* Company gets USFDA nod for Fomepizole’s Abbreviated New Drug Application (Positive)
*RVNL:* Company emerges as lowest bidder for a NHAI project worth Rs 808.48 cr (Positive)
*HAL:* Ministry of Defence & HAL sign Rs 458 cr deal for two upgraded Dornier aircraft for Indian Coast Guard (Positive)
*Samvardhana Motherson:* To acquire Rollon Hydraulics for an equity value of Rs 103 cr (Positive)
*TVS Motor:* Company launched ‘Modern-Retro’ motorcycle in Indonesia (Positive)
*Sula Vineyards:* Company has recorded its highest ever Q1 net revenues overall as well as for Own Brands. (Positive)
*Reliance Industries:* Company sets July 20 as record date for Reliance Strategic Investments demerger (Positive)
*Prism Johnson:* Company to transfer limestone land parcels, mining lease in Andhra Pradesh to Ramco Cements (Positive)
*IRB Infra:* June toll revenue up 16.5% at Rs 383.3 cr vs Rs 329.1 cr (YoY) (Positive)
*Oil upstream stocks:* Oil prices climb to the highest in two months outweighing Fed rate hike (Positive)
*Max Ventures:* Max Estates'' first luxury residential project in NCR garners pre-formal launch sales of INR 1,800+ crores (Positive)
*Usha Martin:* SOCIETE GENERALE bought 16,59,466 shares at Rs 279.99/ share (Positive)
*IOC:*Board approves raising capital of up to Rs 22,000 crore via rights issue (Neutral)
*HDFC Bank:* Bank to replace HDFC Ltd on MSCI indexes. (Neutral)
*Reliance Industries:* Reliance Retail board approves equity capital reduction plan shares valued at Rs 1,362 apiece (Neutral)
*Vedanta:* Board approves acquisition of Vedanta Foxconn Semiconductors & Vedanta Displays (Neutral)
*Hindustan Zinc:* Company declares an interim dividend of Rs 7 per share (Neutral)
*Tata Motors:* Group global wholesales at 3,22,159 in Q1 FY24 (Neutral)
*Hindustan Zinc:* Company declares interim dividend of Rs 7 per share (Neutral)
*Adani Ent:* Company has completed acquisition of 29.81% stake of Stark Enterprise (Neutral)
*Spice Jet:* To Consider Raising Capital Via Equity And/Or Convertible Securities On Preferential Basis (Neutral)
*HDFC:* All existing F&O monthly and weekly contracts in the underlying HDFC contracts with expiry dates post July 12, 2023, shall expire on July 12, 2023 (Neutral)
*Som Distilleries:* Board approves fund raising through the issue of convertible equity warrants to promoters (Neutral)
*Suzlon:* Board has approved a proposal to raise up to Rs 2,000 crore (Neutral)
*Zee Ent:* NCLT hearing in the Zee-Sony Merger case set to resume (Neutral)
*News Headlines from Business News Agencies:*
*Business Standard*
• Jio launches Jio Bharat 4G phone at Rs 999 to make India '2G-mukt'
• GIFT Nifty begins India journey, first day turnover tops $1 billion
• Hero Moto-Harley Davidson tie up for X440 bike
• Will follow path and structure of ICICI, HDFC Bank: IDFC First Bank CEO
• Genus Power Infra win order worth Rs 2,207 crore
• HPL Electric & Power bagging smart meter orders of Rs 903 cr
• Govt planning to launch 6G network by 2030, says Ashwini Vaishnaw
• Govt's battery swapping policy for EVs faces resistance from industry
• Bhel appoints IRPS officer Krishna Kumar Thakur as new HR Director
• IFFCO purchases 2,500 agri drones for spraying fertlisers, chemicals
• Go First extends cancellation of its scheduled flights till July 10
• Gap between perceptions, expectations narrowing to pre-Covid level: Patra
• India mulls bilateral deals for green hydrogen-linked carbon credits
*Economic Times*
• HSBC relaunches private banking in India
• Aurigene Pharmaceutical Services to set up USD 40 mn facility in Hyderabad
• SBI Mutual Fund AUM crosses Rs 8 lakh crore-mark
• Google set to hire former Apple executive as India policy head
• BLS International services expands visa outsourcing services for Egyptian embassy in India
• Chinese smartphones sales exceed 70% of Russian market
• Byju’s promoters have sold shares worth $408.53 million since 2015: PrivateCircle
• Samsung Biologics unveils $897 mln manufacturing deals for Pfizer
• Public-private engagement essential for AI regulation: Cisco executive Jeetu Patel
• Indian companies in 'good credit shape': S&P
• India permits potato imports from Bhutan without any license till Jun 2024
• Video-sharing website BitChute seeks to raise $10 million in new funding round
• L&T Finance sells real estate loans to Phoenix ARC for over Rs 1,000 cr
*Mint*
• Quick Heal Technologies appoints Vishal Salvi as CEO
• ECCB approves SBI's 100% stake acquisition of SBICAP Ventures for ₹708.07 cr
• FanCode to retail ICC Men’s World Cup 2023 products in India
• India's June palm oil imports jump 49% from May over lowest prices in 28 months
• Road & transport minister inaugurates, lays foundation stone of 11 NH projects worth ₹5600 crore in Rajasthan
• India urges IMO to establish a target for 5% zero carbon marine fuel mix by 2030
• China Restricts Exports of Two Minerals Used in High-Performance Chips
• Wipro share buyback sees 77.4% acceptance among retail investors
• SAT asks Sebi to file reply in Care Ratings chief's plea
• DMart operator earns standalone revenue of over ₹11,584 crore in Q1FY24
• Sula Vineyards' COO Chaitanya Rathi resigns
• Torrent Power ventures into green hydrogen blending project, eyes cleaner energy mix
*Business Standard*
• Jio launches Jio Bharat 4G phone at Rs 999 to make India '2G-mukt'
• GIFT Nifty begins India journey, first day turnover tops $1 billion
• Hero Moto-Harley Davidson tie up for X440 bike
• Will follow path and structure of ICICI, HDFC Bank: IDFC First Bank CEO
• Genus Power Infra win order worth Rs 2,207 crore
• HPL Electric & Power bagging smart meter orders of Rs 903 cr
• Govt planning to launch 6G network by 2030, says Ashwini Vaishnaw
• Govt's battery swapping policy for EVs faces resistance from industry
• Bhel appoints IRPS officer Krishna Kumar Thakur as new HR Director
• IFFCO purchases 2,500 agri drones for spraying fertlisers, chemicals
• Go First extends cancellation of its scheduled flights till July 10
• Gap between perceptions, expectations narrowing to pre-Covid level: Patra
• India mulls bilateral deals for green hydrogen-linked carbon credits
*Economic Times*
• HSBC relaunches private banking in India
• Aurigene Pharmaceutical Services to set up USD 40 mn facility in Hyderabad
• SBI Mutual Fund AUM crosses Rs 8 lakh crore-mark
• Google set to hire former Apple executive as India policy head
• BLS International services expands visa outsourcing services for Egyptian embassy in India
• Chinese smartphones sales exceed 70% of Russian market
• Byju’s promoters have sold shares worth $408.53 million since 2015: PrivateCircle
• Samsung Biologics unveils $897 mln manufacturing deals for Pfizer
• Public-private engagement essential for AI regulation: Cisco executive Jeetu Patel
• Indian companies in 'good credit shape': S&P
• India permits potato imports from Bhutan without any license till Jun 2024
• Video-sharing website BitChute seeks to raise $10 million in new funding round
• L&T Finance sells real estate loans to Phoenix ARC for over Rs 1,000 cr
*Mint*
• Quick Heal Technologies appoints Vishal Salvi as CEO
• ECCB approves SBI's 100% stake acquisition of SBICAP Ventures for ₹708.07 cr
• FanCode to retail ICC Men’s World Cup 2023 products in India
• India's June palm oil imports jump 49% from May over lowest prices in 28 months
• Road & transport minister inaugurates, lays foundation stone of 11 NH projects worth ₹5600 crore in Rajasthan
• India urges IMO to establish a target for 5% zero carbon marine fuel mix by 2030
• China Restricts Exports of Two Minerals Used in High-Performance Chips
• Wipro share buyback sees 77.4% acceptance among retail investors
• SAT asks Sebi to file reply in Care Ratings chief's plea
• DMart operator earns standalone revenue of over ₹11,584 crore in Q1FY24
• Sula Vineyards' COO Chaitanya Rathi resigns
• Torrent Power ventures into green hydrogen blending project, eyes cleaner energy mix
*Weekly Updates From 10th July to 14th July 2023*
10.07.2023:
5.20am: Japan: Adjusted current account: Expected positive data.
7.00am : China: Cpi data Expected lower number.
8 30pm and 9.30pm : USA: Fomc speaks.
11.07.2023:
00.30am : Europe: Ecb members speak.
11.30am : Europe: Unemployment Data Expected flat number.
China : outstanding loan growth data Expected lower in number.
9.30pm : USA: Energy outlook.
12.07.2023:
12.30pm : Europe: BOE financial stability data.
5.30pm : India : cpi data Expected higher number.
5.30pm : India: Industrial Production Data Expected lower number.
*6.00pm: USA : Cpi Data Expected higher number.*
7.15pm : USA: Fomc member Kashkari speaks.
8.00pm : USA: Crudeoil Inventory Expected lower inventory.
13.07.2023:
1.30am : USA: Federal Reserve mester speak.
4.30am : Europe: UK rics house price balance.
8.30am : China : Trade Balance Data Expected lower number.
*11.30am : Europe: GBP data mom Expected -0.40% vs +0.20%.*
2.30pm : Europe: Economic forecast.
4.30pm : USA: OPEC Monthly Report.
*6.00pm : USA: Monthly PMI Data Expected +0.20% vs -0.30%.*
*6.00pm : USA: Initial Jobless Claim Data Expected lower employment number.*
14.07.2023:
7.30am : China: NBS press conference.
10.00am : Japan: IIP Data Expected Negative +0.70% vs -1.60%.
*12.00pm : India: WPI Inflation data Expected higher inflation data.*
2.30pm : Europe: Trade Balance Data Expected flat number.
5.50pm : India: Trade Balance Data Expected lower number.
6.00pm: USA: Export Import Data Expected lower in number.
11.30pm : USA: US backer huge oil rig count Expected lower number.
10.07.2023:
5.20am: Japan: Adjusted current account: Expected positive data.
7.00am : China: Cpi data Expected lower number.
8 30pm and 9.30pm : USA: Fomc speaks.
11.07.2023:
00.30am : Europe: Ecb members speak.
11.30am : Europe: Unemployment Data Expected flat number.
China : outstanding loan growth data Expected lower in number.
9.30pm : USA: Energy outlook.
12.07.2023:
12.30pm : Europe: BOE financial stability data.
5.30pm : India : cpi data Expected higher number.
5.30pm : India: Industrial Production Data Expected lower number.
*6.00pm: USA : Cpi Data Expected higher number.*
7.15pm : USA: Fomc member Kashkari speaks.
8.00pm : USA: Crudeoil Inventory Expected lower inventory.
13.07.2023:
1.30am : USA: Federal Reserve mester speak.
4.30am : Europe: UK rics house price balance.
8.30am : China : Trade Balance Data Expected lower number.
*11.30am : Europe: GBP data mom Expected -0.40% vs +0.20%.*
2.30pm : Europe: Economic forecast.
4.30pm : USA: OPEC Monthly Report.
*6.00pm : USA: Monthly PMI Data Expected +0.20% vs -0.30%.*
*6.00pm : USA: Initial Jobless Claim Data Expected lower employment number.*
14.07.2023:
7.30am : China: NBS press conference.
10.00am : Japan: IIP Data Expected Negative +0.70% vs -1.60%.
*12.00pm : India: WPI Inflation data Expected higher inflation data.*
2.30pm : Europe: Trade Balance Data Expected flat number.
5.50pm : India: Trade Balance Data Expected lower number.
6.00pm: USA: Export Import Data Expected lower in number.
11.30pm : USA: US backer huge oil rig count Expected lower number.
The IDG report of RBI accepts that INR must “internationalise” to lower our cost of capital, reduce requirement of holding reserves & reduce exchange rate risk. Can only happen if those abroad hold it as a store of value & transacting currency. Let’s see how this plays out! T.me/AlliesFin
*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 10-07-2023 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -27032* 😭😭
*INDEX FUT. : +320*
*INDEX OPT. : -26326*
*STOCK FUT. : -1025*
*STOCK OPT. : +01*
*SEC. IN F&O BAN FOR, 11 JULY, 2023 :*
*1. BHEL 2. DELTACORP 3. GRANULES 4. INDIACEM 5. IBULHSGFIN 6. PNB 7. ZEEL*
*ADDITION : IBULHSGFIN, PNB, ZEEL*
*DELETION : NIL*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 10-JULY-2023 :*
*FIIS : BUY +589 (8,128-7,539)* 🙂
*DIIS : BUY +288 (8,074-7,786)* 🙂
*BSE SENSEX : +64 (65,344)🔽*
*NSE NIFTY : +24 (19,356)*🔼
*BSE MIDCAP. : -130 (28,868)*🔽
*BSE SMLCAP. : -87 (33,042)*🔽
*B. CRUDE : $ 78.29* 🔼 😩
*GOLD: $1924=INR 58,440(10gr)* 🔽 😔
*SILVER : RS. 73,700 (kg) (5pm)* 🔼 😊
*FOREX : RS. $ 82.57* 🔼 🙂
*7.26% GOI '33: 7.1337%(100.8575)*🔽🙂
*7.41% GOI '36 : 7.2363% (101.47)*🔽🙂
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -27032* 😭😭
*INDEX FUT. : +320*
*INDEX OPT. : -26326*
*STOCK FUT. : -1025*
*STOCK OPT. : +01*
*SEC. IN F&O BAN FOR, 11 JULY, 2023 :*
*1. BHEL 2. DELTACORP 3. GRANULES 4. INDIACEM 5. IBULHSGFIN 6. PNB 7. ZEEL*
*ADDITION : IBULHSGFIN, PNB, ZEEL*
*DELETION : NIL*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 10-JULY-2023 :*
*FIIS : BUY +589 (8,128-7,539)* 🙂
*DIIS : BUY +288 (8,074-7,786)* 🙂
*BSE SENSEX : +64 (65,344)🔽*
*NSE NIFTY : +24 (19,356)*🔼
*BSE MIDCAP. : -130 (28,868)*🔽
*BSE SMLCAP. : -87 (33,042)*🔽
*B. CRUDE : $ 78.29* 🔼 😩
*GOLD: $1924=INR 58,440(10gr)* 🔽 😔
*SILVER : RS. 73,700 (kg) (5pm)* 🔼 😊
*FOREX : RS. $ 82.57* 🔼 🙂
*7.26% GOI '33: 7.1337%(100.8575)*🔽🙂
*7.41% GOI '36 : 7.2363% (101.47)*🔽🙂
10/7/2023
BSE:+63(65344)
NSE:+24(19355)
B.NIFTY:-64(44860)
MID:-130(28868)
SML:-87(33042)
FII|FPI:+588Cr
DII:+288Cr
B.Crude: 78
Gold$:1925=INR: 58631
Silver: 71150
$/Rs: 82.56
7.26 : 2033 G-Sec: 7.13
NSE PE: 22.55
BSE:+63(65344)
NSE:+24(19355)
B.NIFTY:-64(44860)
MID:-130(28868)
SML:-87(33042)
FII|FPI:+588Cr
DII:+288Cr
B.Crude: 78
Gold$:1925=INR: 58631
Silver: 71150
$/Rs: 82.56
7.26 : 2033 G-Sec: 7.13
NSE PE: 22.55
Pranam,
US stocks closed higher on Monday ahead of key inflation data, Dow snapped 3 day losing streak as markets started to recover some ground ahead of earnings season. Dow gained 0.62%, S&P added 0.24% and Nasdaq gained 0.18%.
USD index continued to trade lower, the benchmark fell below 102, 10 year also saw some givebacks to trade in and out of 4.00% mark. Cboe vix closed higher above 15.
Crude futures eased a bit on fears of rate hikes in US but OPEC+ supply cut limited the losses. WTI traded near 73, Brent fell below 78.
Indian indices closed marginally higher led by market heavyweight RIL that gained the most in three months on corporate action, market got boost from other names like TAMO, Bharti and Metal stocks. Sensex added 64 points and Nifty gained 25 points at close.
*The start of the results season and US inflation data may decide the market trend for the rest of week. Participants may continue to focus on stock specific activity as markets consolidate for a while before the next round of upcycle begins. As indicated Q1 results of IT heavyweights may help change the market leadership for next few months and the sector may outperform post the declaration of results. Investors may watch Q1 results season and Annual guidance/ business outlook at the upcoming AGM season for rebalancing portfolios.*
Ask us how 😊
Allies Fin Serve
Investors helpdesk
+919869958999
US stocks closed higher on Monday ahead of key inflation data, Dow snapped 3 day losing streak as markets started to recover some ground ahead of earnings season. Dow gained 0.62%, S&P added 0.24% and Nasdaq gained 0.18%.
USD index continued to trade lower, the benchmark fell below 102, 10 year also saw some givebacks to trade in and out of 4.00% mark. Cboe vix closed higher above 15.
Crude futures eased a bit on fears of rate hikes in US but OPEC+ supply cut limited the losses. WTI traded near 73, Brent fell below 78.
Indian indices closed marginally higher led by market heavyweight RIL that gained the most in three months on corporate action, market got boost from other names like TAMO, Bharti and Metal stocks. Sensex added 64 points and Nifty gained 25 points at close.
*The start of the results season and US inflation data may decide the market trend for the rest of week. Participants may continue to focus on stock specific activity as markets consolidate for a while before the next round of upcycle begins. As indicated Q1 results of IT heavyweights may help change the market leadership for next few months and the sector may outperform post the declaration of results. Investors may watch Q1 results season and Annual guidance/ business outlook at the upcoming AGM season for rebalancing portfolios.*
Ask us how 😊
Allies Fin Serve
Investors helpdesk
+919869958999
Today's Headlines from :
*Economic Times*
📝 Wadia group looking for partners to bid for Go First
📝 CarTrade to acquire OLX India’s auto business for Rs 537 crore
📝 PE inflows plunge 61% to $6.1 bn in Jan-Jun; lowest since 2020
📝 BSE unveils new logo on the occasion of 149th foundation day
📝 ESAF Small Finance Bank refiles draft papers with Sebi for Rs 629 cr IPO
📝 Net direct tax collection rises 16% to Rs 4.75 lakh cr so far this fiscal
📝 India's power consumption grows by 4.4 per cent to 139.23 billion units in June
📝 Oil & Gas exploration: Govt receives 13 bids for 10 blocks
📝 InfoEdge subsidiary invests about Rs 1 crore in healthtech startup BrainSightAI
*Business Standard*
📝 US private investment firm Bain Capital in talks to acquire Vadilal
📝 Uttar Pradesh govt looking to invest about Rs 3,800 cr in agri start-ups
📝 Foxconn walks out of Vedanta joint venture for chip plant in India
📝 India may be world's 2nd-largest economy by 2075, says Goldman Sachs
📝 L&T, Navantia sign teaming deal for Project 75(I) submarines at Rs 43K cr
📝 Adani-Hindenburg case: Sebi defends rule change on offshore investors
📝 HPCL recieves bids to lease part of Chhara LNG terminal on west coast
📝 Public health groups urge GST Council to raise cess on tobacco products
📝 Corporation tax collections decline 8.19% till June 17 this year: CAG
📝 India overtakes China as most attractive emerging market for investing
*Financial Express*
📝 Strong loan growth, NIM compression likely for banks: Analysts
📝 Tata Communications to acquire remaining 41.9% stake in Oasis Smart
📝 Toy makers seek GST tweaks, early PLI
📝 Udyam and CGTMSE collaborate to exchange MSME data
📝 Finmin asks IBA to finalise wage revision of bankers of PSU banks by December 1
📝 China’s factory gate prices fall at fastest pace in 7 years
📝 SBI to sell 2 pc stake in IPO-bound NSDL
📝 Private equity inflow in realty sector down 5 pc to $1.9 bn in Apr-Jun; foreign investors share at 94 pc
*Mint*
📝 Invesco poll finds India debt best among EMs
📝 NASA's James Webb telescope discovers earliest strand of mysterious ‘cosmic web’
📝 IPL 2023 brand value crosses $3 billion
📝 Hyundai targets 60% of sales from SUVs
📝 Equity MF inflows hit 3-month high of ₹8,245 crore in June
📝 Resolution professional invites bids for Go First
📝 Serentica inks pact with Greenko Group to source 1500 MW of green energy a day
📝 US President Joe Biden meets UK's Rishi Sunak ahead of NATO Summit.
*Economic Times*
📝 Wadia group looking for partners to bid for Go First
📝 CarTrade to acquire OLX India’s auto business for Rs 537 crore
📝 PE inflows plunge 61% to $6.1 bn in Jan-Jun; lowest since 2020
📝 BSE unveils new logo on the occasion of 149th foundation day
📝 ESAF Small Finance Bank refiles draft papers with Sebi for Rs 629 cr IPO
📝 Net direct tax collection rises 16% to Rs 4.75 lakh cr so far this fiscal
📝 India's power consumption grows by 4.4 per cent to 139.23 billion units in June
📝 Oil & Gas exploration: Govt receives 13 bids for 10 blocks
📝 InfoEdge subsidiary invests about Rs 1 crore in healthtech startup BrainSightAI
*Business Standard*
📝 US private investment firm Bain Capital in talks to acquire Vadilal
📝 Uttar Pradesh govt looking to invest about Rs 3,800 cr in agri start-ups
📝 Foxconn walks out of Vedanta joint venture for chip plant in India
📝 India may be world's 2nd-largest economy by 2075, says Goldman Sachs
📝 L&T, Navantia sign teaming deal for Project 75(I) submarines at Rs 43K cr
📝 Adani-Hindenburg case: Sebi defends rule change on offshore investors
📝 HPCL recieves bids to lease part of Chhara LNG terminal on west coast
📝 Public health groups urge GST Council to raise cess on tobacco products
📝 Corporation tax collections decline 8.19% till June 17 this year: CAG
📝 India overtakes China as most attractive emerging market for investing
*Financial Express*
📝 Strong loan growth, NIM compression likely for banks: Analysts
📝 Tata Communications to acquire remaining 41.9% stake in Oasis Smart
📝 Toy makers seek GST tweaks, early PLI
📝 Udyam and CGTMSE collaborate to exchange MSME data
📝 Finmin asks IBA to finalise wage revision of bankers of PSU banks by December 1
📝 China’s factory gate prices fall at fastest pace in 7 years
📝 SBI to sell 2 pc stake in IPO-bound NSDL
📝 Private equity inflow in realty sector down 5 pc to $1.9 bn in Apr-Jun; foreign investors share at 94 pc
*Mint*
📝 Invesco poll finds India debt best among EMs
📝 NASA's James Webb telescope discovers earliest strand of mysterious ‘cosmic web’
📝 IPL 2023 brand value crosses $3 billion
📝 Hyundai targets 60% of sales from SUVs
📝 Equity MF inflows hit 3-month high of ₹8,245 crore in June
📝 Resolution professional invites bids for Go First
📝 Serentica inks pact with Greenko Group to source 1500 MW of green energy a day
📝 US President Joe Biden meets UK's Rishi Sunak ahead of NATO Summit.
Mkt. Updates :
*GIFT Nifty +55 pts (19480) from last trade 19425 ,*
Nikkei +234 pts ,
Hangseng +192 pts ,
Around @ 6.52am .
Dow +209.52 pts ,Nsdq +24.77 pts, S&P +10.58 pts , Bovespa -955 pts , Ftse +16 pts , Dax +69 pts , Cac +31 pts , Crude @ $73.32 brl (+0.33), Brent @ $77.99 brl (+0.30) , Gold @ 1931.70 (+0.70), Silver @ $23.38 (+0.07), Euro @ $1.1005, JPY @ $141.38, INR @ 82.525
*US GOVT. 10-YR YIELD : 4.00%*
*Today's Corporate Action, 11 July Ex Date :*
BALKRISIND
Final Dividend - Rs. - 4.0000
BHARATSE
Dividend - Rs. - 1.4000
DRREDDY
Final Dividend - Rs. - 40.0000
JSWSTEEL
Final Dividend - Rs. - 3.4000
NEULANDLAB
Final Dividend - Rs. - 10.0000
PECOS
Final Dividend - Rs. - 3.0000
PERSISTENT
Special Dividend - Rs. - 10.0000
PERSISTENT
Final Dividend - Rs. - 12.0000
PIXTRANS
Final Dividend - Rs. - 6.0000
SATINDLTD
Final Dividend - Rs. - 0.1000
SHRGLTR
Final Dividend - Rs. - 0.1000
WIREFABR
Dividend - Rs. - 0.1000
*Today's Board Meetings, 11-Jul-23 :*
PCBL, Elecon Engineering Company, Excel Realty N Infra, Generic Engineering Construction and Projects, Plastiblends India, Eiko Lifesciences, and Welcure Drugs & Pharmaceuticals will be in focus ahead of the quarter earnings on July 11.
*SEC. IN F&O BAN FOR, 11 JULY, 2023 :*
*1. BHEL 2. DELTACORP 3. GRANULES 4. INDIACEM 5. IBULHSGFIN 6. PNB 7. ZEEL*
*ADDITION : IBULHSGFIN, PNB, ZEEL*
*DELETION : NIL*
*Today's Alert :*
*RBI to Conduct Auction of SDLS BONDS for INR 104 Billion*
*GIFT Nifty +55 pts (19480) from last trade 19425 ,*
Nikkei +234 pts ,
Hangseng +192 pts ,
Around @ 6.52am .
Dow +209.52 pts ,Nsdq +24.77 pts, S&P +10.58 pts , Bovespa -955 pts , Ftse +16 pts , Dax +69 pts , Cac +31 pts , Crude @ $73.32 brl (+0.33), Brent @ $77.99 brl (+0.30) , Gold @ 1931.70 (+0.70), Silver @ $23.38 (+0.07), Euro @ $1.1005, JPY @ $141.38, INR @ 82.525
*US GOVT. 10-YR YIELD : 4.00%*
*Today's Corporate Action, 11 July Ex Date :*
BALKRISIND
Final Dividend - Rs. - 4.0000
BHARATSE
Dividend - Rs. - 1.4000
DRREDDY
Final Dividend - Rs. - 40.0000
JSWSTEEL
Final Dividend - Rs. - 3.4000
NEULANDLAB
Final Dividend - Rs. - 10.0000
PECOS
Final Dividend - Rs. - 3.0000
PERSISTENT
Special Dividend - Rs. - 10.0000
PERSISTENT
Final Dividend - Rs. - 12.0000
PIXTRANS
Final Dividend - Rs. - 6.0000
SATINDLTD
Final Dividend - Rs. - 0.1000
SHRGLTR
Final Dividend - Rs. - 0.1000
WIREFABR
Dividend - Rs. - 0.1000
*Today's Board Meetings, 11-Jul-23 :*
PCBL, Elecon Engineering Company, Excel Realty N Infra, Generic Engineering Construction and Projects, Plastiblends India, Eiko Lifesciences, and Welcure Drugs & Pharmaceuticals will be in focus ahead of the quarter earnings on July 11.
*SEC. IN F&O BAN FOR, 11 JULY, 2023 :*
*1. BHEL 2. DELTACORP 3. GRANULES 4. INDIACEM 5. IBULHSGFIN 6. PNB 7. ZEEL*
*ADDITION : IBULHSGFIN, PNB, ZEEL*
*DELETION : NIL*
*Today's Alert :*
*RBI to Conduct Auction of SDLS BONDS for INR 104 Billion*
India Daybook – Stocks in News
*Sanghvi Movers:* Company gets work orders worth Rs 150 cr from Independent Power Producers (Positive)
*APL Apollo:* Company has been granted Incentives of Rs. 500 Crores by State Investment Promotion Board (SIPB), Government of Chhattisgarh (Positive)
*Car Trade:* Company has entered into a share purchase agreement with Sobek Auto for acquisition of 100% stake for Rs 537 Crores (Positive)
*PCBL:* Announced the commissioning of the first phase of its specialty chemicals capacity expansion at Mundra, Gujarat (Positive)
*LIC:* Total Premium Collected Up 21% at Rs 24,971 Cr Vs Rs 20,644 Cr (YoY) (Positive)
*Kinetic Engineering:* To consider preferential issue to Promoter (Positive)
*SBI Cards:* Rama Mohan Rao Amara resigns as Managing Director & CEO of company (Positive)
*Max Fin:* June Life Insurance premium grew by 45.4 percent. (Positive)
*HDFC Life:* June Life Insurance premium grew by 28.2 percent. (Positive)
*Cyient DLM:* Nippon India Mutual Fund A/C Power & Infra Fund has bought 5 lakh shares (Positive)
*Tata Communications:* Subsidiary has entered into a share purchase agreement to acquire the remaining equity ownership of Oasis Smart Sim Europe (Positive)
*Nazara Technologies:* Board approved funds raising up to Rs 750 crore via issuance of equity shares (Positive)
*Mazdock:* Defence Procurement Board has given initial approval to the proposal to acquire three scorpene submaries (Positive)
*McLeod Russel:* Board approves agreement with Carbon Resources to monetise identified assets. (Positive)
*Gujarat Pipavav:* Q1FY24 container volume up 6.4% at 199,000 Twenty-Foot Equivalent Units (TEUs) vs 187,000 TEUs (YoY) (Neutral)
*Motherson Sumi Wiring:* Appoints Mahender Chhabra as CFO w.e.f. July 10. (Neutral)
*Satin Creditcare:* Board approves fund raising up to ₹5,000 cr via NCDs & appoints Vikas Gupta as Chief Compliance Officer (Neutral)
*Tatva Chinta:* To consider Fund Raising Via Pref Shares, NCDs, Warrants, etc (Neutral)
*SBI:* Bank to offload 2 percent stake in NSDL IPO via OFS (Neutral)
*Vedanta:* Foxconn says it will not move forward on the joint venture with Vedanta
*Divis Lab:* US District court invalidated Novartis’ combination patent for heart failure drug Sacubitril + Valsartan.
*Sanghvi Movers:* Company gets work orders worth Rs 150 cr from Independent Power Producers (Positive)
*APL Apollo:* Company has been granted Incentives of Rs. 500 Crores by State Investment Promotion Board (SIPB), Government of Chhattisgarh (Positive)
*Car Trade:* Company has entered into a share purchase agreement with Sobek Auto for acquisition of 100% stake for Rs 537 Crores (Positive)
*PCBL:* Announced the commissioning of the first phase of its specialty chemicals capacity expansion at Mundra, Gujarat (Positive)
*LIC:* Total Premium Collected Up 21% at Rs 24,971 Cr Vs Rs 20,644 Cr (YoY) (Positive)
*Kinetic Engineering:* To consider preferential issue to Promoter (Positive)
*SBI Cards:* Rama Mohan Rao Amara resigns as Managing Director & CEO of company (Positive)
*Max Fin:* June Life Insurance premium grew by 45.4 percent. (Positive)
*HDFC Life:* June Life Insurance premium grew by 28.2 percent. (Positive)
*Cyient DLM:* Nippon India Mutual Fund A/C Power & Infra Fund has bought 5 lakh shares (Positive)
*Tata Communications:* Subsidiary has entered into a share purchase agreement to acquire the remaining equity ownership of Oasis Smart Sim Europe (Positive)
*Nazara Technologies:* Board approved funds raising up to Rs 750 crore via issuance of equity shares (Positive)
*Mazdock:* Defence Procurement Board has given initial approval to the proposal to acquire three scorpene submaries (Positive)
*McLeod Russel:* Board approves agreement with Carbon Resources to monetise identified assets. (Positive)
*Gujarat Pipavav:* Q1FY24 container volume up 6.4% at 199,000 Twenty-Foot Equivalent Units (TEUs) vs 187,000 TEUs (YoY) (Neutral)
*Motherson Sumi Wiring:* Appoints Mahender Chhabra as CFO w.e.f. July 10. (Neutral)
*Satin Creditcare:* Board approves fund raising up to ₹5,000 cr via NCDs & appoints Vikas Gupta as Chief Compliance Officer (Neutral)
*Tatva Chinta:* To consider Fund Raising Via Pref Shares, NCDs, Warrants, etc (Neutral)
*SBI:* Bank to offload 2 percent stake in NSDL IPO via OFS (Neutral)
*Vedanta:* Foxconn says it will not move forward on the joint venture with Vedanta
*Divis Lab:* US District court invalidated Novartis’ combination patent for heart failure drug Sacubitril + Valsartan.
INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 11-07-2023 :
FIIS F & O : RS. CRS. :
TOTAL NET BUY : +504
INDEX FUT. : +152
INDEX OPT. : +1142
STOCK FUT. : -988
STOCK OPT. : +197
SEC. IN F&O BAN FOR, 12 JULY, 2023 :
1. BHEL 2. DELTACORP 3. GRANULES 4. INDIACEM 5. IBULHSGFIN 6. PNB 7. ZEEL 8. MANAPPURAM
ADDITION : MANAPPURAM
DELETION : NIL
INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 11-JULY-2023 :
FIIS : BUY +1,197 (10,839-9,642) 😄
DIIS : SELL -07 (9,759-9,766) 😳
BSE SENSEX : +274 (65,618)🔼
NSE NIFTY : +83 (19,439)🔼
BSE MIDCAP. : +281 (29,149)🔼
BSE SMLCAP. : +270 (33,312)🔼
B. CRUDE : $ 78.57 🔼 😔
GOLD: $1935=INR 58,260(10gr) 🔽 😔
SILVER : RS. 73,700 (kg) (5pm) 🔼 😊
FOREX : RS. $ 82.37 🔼 😊
7.26% GOI '33: 7.0935%(101.1350)🔽😊
7.41% GOI '36 : 7.1962% (101.8150)🔽🙂
FIIS F & O : RS. CRS. :
TOTAL NET BUY : +504
INDEX FUT. : +152
INDEX OPT. : +1142
STOCK FUT. : -988
STOCK OPT. : +197
SEC. IN F&O BAN FOR, 12 JULY, 2023 :
1. BHEL 2. DELTACORP 3. GRANULES 4. INDIACEM 5. IBULHSGFIN 6. PNB 7. ZEEL 8. MANAPPURAM
ADDITION : MANAPPURAM
DELETION : NIL
INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 11-JULY-2023 :
FIIS : BUY +1,197 (10,839-9,642) 😄
DIIS : SELL -07 (9,759-9,766) 😳
BSE SENSEX : +274 (65,618)🔼
NSE NIFTY : +83 (19,439)🔼
BSE MIDCAP. : +281 (29,149)🔼
BSE SMLCAP. : +270 (33,312)🔼
B. CRUDE : $ 78.57 🔼 😔
GOLD: $1935=INR 58,260(10gr) 🔽 😔
SILVER : RS. 73,700 (kg) (5pm) 🔼 😊
FOREX : RS. $ 82.37 🔼 😊
7.26% GOI '33: 7.0935%(101.1350)🔽😊
7.41% GOI '36 : 7.1962% (101.8150)🔽🙂
*GIFT Nifty +8 pts (19525) from last trade 19517 ,*
Nikkei -351 pts ,
Hangseng +137 pts ,
Around @ 6.52am .
Dow +317.02 pts ,Nsdq +75.22 pts, S&P +29.73 pts , Bovespa -722 pts , Ftse +8 pts , Dax +117 pts , Cac +76 pts , Crude @ $74.85 brl (+0.02), Brent @ $79.40 brl (+0.00) , Gold @ 1939.60 (+2.50), Silver @ $23.345 (+0.06), Euro @ $1.102, JPY @ $139.83, INR @ 82.385
*Today's Corporate Action*
*12th July Ex Date*
AVADHSUGAR
Dividend - Rs. - 10.0000
BLISSGVS
Final Dividend - Rs. - 0.5000
JUBLFOOD
Final Dividend - Rs. - 1.2000
KIRLPNU
Final Dividend - Rs. - 3.0000
NDRAUTO
Final Dividend - Rs. - 5.0000
WHEELS
Final Dividend - Rs. - 3.9700
*Today's Board Meetings*
*12-Jul-23*
Tata Consultancy Services, HCL Technologies, 5paisa Capital, Anand Rathi Wealth, Steel Strips Wheels, Artson Engineering, Hathway Bhawani Cabletel & Datacom, and Sanathnagar Enterprises will be in focus ahead of quarterly earnings on July 12.
*Stock under F&O ban on NSE*
*12-Jul-23*
1 BHEL
2 DELTACORP
3 GRANULES
4 IBULHSGFIN
5 INDIACEM
6 MANAPPURAM
7 PNB
8 ZEEL
Nikkei -351 pts ,
Hangseng +137 pts ,
Around @ 6.52am .
Dow +317.02 pts ,Nsdq +75.22 pts, S&P +29.73 pts , Bovespa -722 pts , Ftse +8 pts , Dax +117 pts , Cac +76 pts , Crude @ $74.85 brl (+0.02), Brent @ $79.40 brl (+0.00) , Gold @ 1939.60 (+2.50), Silver @ $23.345 (+0.06), Euro @ $1.102, JPY @ $139.83, INR @ 82.385
*Today's Corporate Action*
*12th July Ex Date*
AVADHSUGAR
Dividend - Rs. - 10.0000
BLISSGVS
Final Dividend - Rs. - 0.5000
JUBLFOOD
Final Dividend - Rs. - 1.2000
KIRLPNU
Final Dividend - Rs. - 3.0000
NDRAUTO
Final Dividend - Rs. - 5.0000
WHEELS
Final Dividend - Rs. - 3.9700
*Today's Board Meetings*
*12-Jul-23*
Tata Consultancy Services, HCL Technologies, 5paisa Capital, Anand Rathi Wealth, Steel Strips Wheels, Artson Engineering, Hathway Bhawani Cabletel & Datacom, and Sanathnagar Enterprises will be in focus ahead of quarterly earnings on July 12.
*Stock under F&O ban on NSE*
*12-Jul-23*
1 BHEL
2 DELTACORP
3 GRANULES
4 IBULHSGFIN
5 INDIACEM
6 MANAPPURAM
7 PNB
8 ZEEL
*News Headlines from Business News Agencies:*
*Business Standard*
• Tata group closes in on deal to become India's first iPhone manufacturer
• Govt orders inspection of Byju's account books following turmoil: Reports
• Spark Minda receives Rs 750-cr EV battery charger order from leading OEM
• Starlink a step closer to launching its satellite-based internet in India
• Godrej Aerospace in talks to build aircraft parts for Airbus, Boeing
• Global trade costs could rise by $800 bn, carbon tax on shipping lined up
• Print media revenue to rise 13-15% in FY24 due to higher ad spends: CRISIL
• Jalan-Kalrock's plan for Jet Airways unworkable, lenders tell Supreme Court
• Higher demand pushed residential prices up 6% in April-June quarter: Report
• Royal Enfield to launch 3 products in 350-450cc segment within a year
• Poisoned cough syrup traced to India reveals lapses in regulation
• After Qualcomm, MediaTek announces 5G chip for mainstream devices
*Economic Times*
• ITC board recommends second term for Sanjiv Puri as company CMD
• Bajaj Auto to partner with top universities, engineering colleges to set up training centres
• Govt directs telcos to enable intra-circle roaming in rain-hit Himachal Pradesh
• Uber CFO Nelson Chai plans to step down
• Foxconn reaffirms India commitment after Vedanta deal falls through
• Apple expands retail presence in China, opens store on WeChat platform
• Suzlon bags 47.6MW wind energy project from KP Group
• IEA says critical minerals supply could pull close to demand by 2030
• India can be fund capital of the world: IVCA’s Rajat Tandon
• US-based SaaS firm Cilio acquires AutomationFactory AI
• Higher ad spends, falling newsprint cost to improve print revenues, profitability in FY24: Crisil
• Crisil raises concerns over 'inflation' in pulses due to changing weather patterns
*Mint*
• L&T inks ship repair pact with US Navy
• India to become 2nd largest economy by 2075: Goldman Sachs
• Govt issues inspection order against Shree Cement
• Energy firm Oriana Power closes pre-IPO funding round
• India registers remarkable reduction in poverty
• Premier Explosives win order worth ₹552.26 crore
• Centre collects ₹4.75 trillion in net direct tax receipts so far this year
• Navantia, L&T sign pact to jointly bid for Navy's P75 (I) submarine programme
• SJVN CMD takes stock of the situation in hydro projects amid incessant rains
• Indian pharma industry to hit $57 billion by FY25
• Zen Technologies Receives Export Order Worth Rs. 340 Crore
• Lupin receives Establishment Inspection Report (EIR) from US FDA for its Pithampur Unit-2 manufacturing facility.
*Business Standard*
• Tata group closes in on deal to become India's first iPhone manufacturer
• Govt orders inspection of Byju's account books following turmoil: Reports
• Spark Minda receives Rs 750-cr EV battery charger order from leading OEM
• Starlink a step closer to launching its satellite-based internet in India
• Godrej Aerospace in talks to build aircraft parts for Airbus, Boeing
• Global trade costs could rise by $800 bn, carbon tax on shipping lined up
• Print media revenue to rise 13-15% in FY24 due to higher ad spends: CRISIL
• Jalan-Kalrock's plan for Jet Airways unworkable, lenders tell Supreme Court
• Higher demand pushed residential prices up 6% in April-June quarter: Report
• Royal Enfield to launch 3 products in 350-450cc segment within a year
• Poisoned cough syrup traced to India reveals lapses in regulation
• After Qualcomm, MediaTek announces 5G chip for mainstream devices
*Economic Times*
• ITC board recommends second term for Sanjiv Puri as company CMD
• Bajaj Auto to partner with top universities, engineering colleges to set up training centres
• Govt directs telcos to enable intra-circle roaming in rain-hit Himachal Pradesh
• Uber CFO Nelson Chai plans to step down
• Foxconn reaffirms India commitment after Vedanta deal falls through
• Apple expands retail presence in China, opens store on WeChat platform
• Suzlon bags 47.6MW wind energy project from KP Group
• IEA says critical minerals supply could pull close to demand by 2030
• India can be fund capital of the world: IVCA’s Rajat Tandon
• US-based SaaS firm Cilio acquires AutomationFactory AI
• Higher ad spends, falling newsprint cost to improve print revenues, profitability in FY24: Crisil
• Crisil raises concerns over 'inflation' in pulses due to changing weather patterns
*Mint*
• L&T inks ship repair pact with US Navy
• India to become 2nd largest economy by 2075: Goldman Sachs
• Govt issues inspection order against Shree Cement
• Energy firm Oriana Power closes pre-IPO funding round
• India registers remarkable reduction in poverty
• Premier Explosives win order worth ₹552.26 crore
• Centre collects ₹4.75 trillion in net direct tax receipts so far this year
• Navantia, L&T sign pact to jointly bid for Navy's P75 (I) submarine programme
• SJVN CMD takes stock of the situation in hydro projects amid incessant rains
• Indian pharma industry to hit $57 billion by FY25
• Zen Technologies Receives Export Order Worth Rs. 340 Crore
• Lupin receives Establishment Inspection Report (EIR) from US FDA for its Pithampur Unit-2 manufacturing facility.
Today's Headlines from :
*Economic Times*
📝 MCA orders inspection of Byju's books
📝 Adani weighs bid for Anil Ambani’s bankrupt coal plants
📝 Prestige Estates acquires DB Realty’s south Mumbai land parcel for Rs 704 crore
📝 India bond yields track US 10-yr yield lower; inflation data in focus
📝 SBI to raise up to Rs 100 billion via perpetual bonds
📝 Centre allays concerns of states over inclusion of GST network under PMLA
📝 UK unemployment climbs as inflation weighs on economy
📝 ISRO conducts 'launch rehearsal' for Chandrayaan-3 mission
📝 Domestic automobile industry likely to log 17% revenue growth in June qtr: Report
📝 Havells plans to foray into manufacturing for overseas brands
📝 Government adds 43 new partners to implement SAMARTH, 5% higher support
📝Govt floats tender to set up 4.5 lakh tonne green hydrogen production facility in India
📝 Sapphire Venture plans to invest over $1 billion in enterprise AI startups
📝 Personal care startup Clensta raises Rs 75 crore in funding from Parineeti Chopra, others
*Business Standard*
📝 Foxconn in talks for 2 fab plants as Vedanta joint venture fails
📝 GST Council okays 28% tax on online gaming, casinos and horse racing
📝 Temasek plans to step up investment in India technology, retail firms
📝 HDFC Bank gets six months to move HDFC clients to external benchmark
📝 Piyush Goyal meets UK counterpart to discuss free trade agreement
📝 415 million Indians lifted out of poverty in 15 years: UNDP report
📝 DGCA puts SpiceJet under 'enhanced surveillance' starting June 22
📝 RBI eyes 1 mn digital currency transactions daily by year-end: DG
📝 Capital expenditure by CPSEs touches 32% of target in first quarter
📝 Bangladesh, India launch trade transactions in rupees to lower dollar use
*Financial Express*
📝 NCLT dismisses plea seeking insolvency proceedings against Religare Enterprises
📝 RBI cancels licence of 2 co-op banks
📝 ITC says focused on scaling FMCG business, posts revenue at Rs 19,000 crore in FY23
📝 Noida-based solar energy firm Oriana Power closes its pre-IPO funding round
📝 Suzlon bags order for 47.6 MW wind power project from The KP Group
📝 Tata Group closes in on deal to become first Indian iPhone maker
📝 Northwest region gets 62% surplus rainfall, veggies supplies hit
*Mint*
📝 US judge greenlights $69 billion Microsoft-Activision deal, FTC may appeal
📝 Nuclear startup Oklo to go public in US via Sam Altman's SPAC
📝 Govt issues draft notification mandating air-conditioned truck cabins from 2025
📝 Kotak MF to launch machine based fund on 12 Jul
📝 India plans LNG terminal in Iraq
📝 Happiest Minds launches ₹400 crore QIP
📝 Railways plans ₹1 tn signal system recast
📝 UPI QR codes for transactions in CBDC soon: RBI
📝 FSSAI to meet international food regulators
📝 OECD says 27% of jobs at high risk from artificial intelligence
📝 Avanti Finance Partners with Credit Saison India to Accelerate Credit Access and Co-lending in Rural India.
*Economic Times*
📝 MCA orders inspection of Byju's books
📝 Adani weighs bid for Anil Ambani’s bankrupt coal plants
📝 Prestige Estates acquires DB Realty’s south Mumbai land parcel for Rs 704 crore
📝 India bond yields track US 10-yr yield lower; inflation data in focus
📝 SBI to raise up to Rs 100 billion via perpetual bonds
📝 Centre allays concerns of states over inclusion of GST network under PMLA
📝 UK unemployment climbs as inflation weighs on economy
📝 ISRO conducts 'launch rehearsal' for Chandrayaan-3 mission
📝 Domestic automobile industry likely to log 17% revenue growth in June qtr: Report
📝 Havells plans to foray into manufacturing for overseas brands
📝 Government adds 43 new partners to implement SAMARTH, 5% higher support
📝Govt floats tender to set up 4.5 lakh tonne green hydrogen production facility in India
📝 Sapphire Venture plans to invest over $1 billion in enterprise AI startups
📝 Personal care startup Clensta raises Rs 75 crore in funding from Parineeti Chopra, others
*Business Standard*
📝 Foxconn in talks for 2 fab plants as Vedanta joint venture fails
📝 GST Council okays 28% tax on online gaming, casinos and horse racing
📝 Temasek plans to step up investment in India technology, retail firms
📝 HDFC Bank gets six months to move HDFC clients to external benchmark
📝 Piyush Goyal meets UK counterpart to discuss free trade agreement
📝 415 million Indians lifted out of poverty in 15 years: UNDP report
📝 DGCA puts SpiceJet under 'enhanced surveillance' starting June 22
📝 RBI eyes 1 mn digital currency transactions daily by year-end: DG
📝 Capital expenditure by CPSEs touches 32% of target in first quarter
📝 Bangladesh, India launch trade transactions in rupees to lower dollar use
*Financial Express*
📝 NCLT dismisses plea seeking insolvency proceedings against Religare Enterprises
📝 RBI cancels licence of 2 co-op banks
📝 ITC says focused on scaling FMCG business, posts revenue at Rs 19,000 crore in FY23
📝 Noida-based solar energy firm Oriana Power closes its pre-IPO funding round
📝 Suzlon bags order for 47.6 MW wind power project from The KP Group
📝 Tata Group closes in on deal to become first Indian iPhone maker
📝 Northwest region gets 62% surplus rainfall, veggies supplies hit
*Mint*
📝 US judge greenlights $69 billion Microsoft-Activision deal, FTC may appeal
📝 Nuclear startup Oklo to go public in US via Sam Altman's SPAC
📝 Govt issues draft notification mandating air-conditioned truck cabins from 2025
📝 Kotak MF to launch machine based fund on 12 Jul
📝 India plans LNG terminal in Iraq
📝 Happiest Minds launches ₹400 crore QIP
📝 Railways plans ₹1 tn signal system recast
📝 UPI QR codes for transactions in CBDC soon: RBI
📝 FSSAI to meet international food regulators
📝 OECD says 27% of jobs at high risk from artificial intelligence
📝 Avanti Finance Partners with Credit Saison India to Accelerate Credit Access and Co-lending in Rural India.
👍1
*🌹India Daybook – Stocks in News*
*Bharti Airtel:* Company acquires an additional 20.6% stake in Lavelle Networks, post-acquisition Bharti Airtel will hold 45.6% in Lavelle Networks (Positive)
*ITC:* Company's FMCG business records 21% rise in annual consumer spend at Rs 29,000 crore in FY23 (Positive)
*Indoco Remedies:* Company's Goa facility (Plant III) gets EU GMP Certification from German Health Authority (Positive)
*M&M:* June Production up 19.1% at 64,063 units vs 53,788 units (YoY) (Positive)
*PVRINOX:* GST council reduces the tax on food and beverages served in cinema halls from 18 percent to 5 percent (Positive)
*Coal India:* Company said it will be developing rooftop and ground-mounted solar power projects of 600 MW capacity (Positive)
*Lupin:* Received the EIR from the United States Food and Drug Administration (Positive)
*Hindustan Oil:* The company has acquired the balance 50 percent shares of Geoenpro Petroleum Ltd (Positive)
*Sterlite Technologies:* The company announced its partnership with Windstream to support its large-scale fibre expansion projects (Positive)
*Adani Enterprises:* Company raises Rs 1,250 cr via NCDs (Neutral)
*J&K Bank:* Board to consider raising funds on July 15. (Neutral)
*Happiest Minds:* Launches QIP to raise funds with floor price of Rs 972 apiece (Neutral)
*Tatva Chinta:* Board of directors has approved capital raising up to Rs 200 crore (Neutral)
*Prataap Snacks:* The company has fixed July 27 as the record date for dividend (Neutral)
*Delta Corp / Nazara:* GST council taxed Casinos, race courses and online gaming at 28 percent GST on full face value.
*Plastiblends:* The company said its Q1FY24 profit was down 24 percent YoY at Rs 7.6 crore versus Rs 10 crore.
*Bharti Airtel:* Company acquires an additional 20.6% stake in Lavelle Networks, post-acquisition Bharti Airtel will hold 45.6% in Lavelle Networks (Positive)
*ITC:* Company's FMCG business records 21% rise in annual consumer spend at Rs 29,000 crore in FY23 (Positive)
*Indoco Remedies:* Company's Goa facility (Plant III) gets EU GMP Certification from German Health Authority (Positive)
*M&M:* June Production up 19.1% at 64,063 units vs 53,788 units (YoY) (Positive)
*PVRINOX:* GST council reduces the tax on food and beverages served in cinema halls from 18 percent to 5 percent (Positive)
*Coal India:* Company said it will be developing rooftop and ground-mounted solar power projects of 600 MW capacity (Positive)
*Lupin:* Received the EIR from the United States Food and Drug Administration (Positive)
*Hindustan Oil:* The company has acquired the balance 50 percent shares of Geoenpro Petroleum Ltd (Positive)
*Sterlite Technologies:* The company announced its partnership with Windstream to support its large-scale fibre expansion projects (Positive)
*Adani Enterprises:* Company raises Rs 1,250 cr via NCDs (Neutral)
*J&K Bank:* Board to consider raising funds on July 15. (Neutral)
*Happiest Minds:* Launches QIP to raise funds with floor price of Rs 972 apiece (Neutral)
*Tatva Chinta:* Board of directors has approved capital raising up to Rs 200 crore (Neutral)
*Prataap Snacks:* The company has fixed July 27 as the record date for dividend (Neutral)
*Delta Corp / Nazara:* GST council taxed Casinos, race courses and online gaming at 28 percent GST on full face value.
*Plastiblends:* The company said its Q1FY24 profit was down 24 percent YoY at Rs 7.6 crore versus Rs 10 crore.
Global bits
✒️Asian shares rise, dollar dips as traders await US inflation data
✒️Japan's wholesale inflation slows for 6th straight month
✒️Energy stocks lift Toronto market as oil prices climb
✒️Gold rises on softer dollar, yields ahead of US inflation data
✒️Pound scales 15-month peaks on wage growth data
✒️Salesforce to raise prices of some cloud products from August
✒️Small business confidence reaches 7-month high in June, NFIB says
✒️European shares rise, Irish stocks lead
✒️Miners, oil stocks support FTSE 100, strong pound limits gains
✒️Cryptoverse: Hungry exchanges fight for slice of American pie
✒️UK scraps public disclosure of short selling
✒️Foxconn targets India's chip scheme after pulling plug on $19.5 billion venture
✒️South African rand firms on strong local data, weak dollar
✒️Most Gulf markets rise ahead of US inflation data
✒️China property shares rise on financial support policy
✒️US retail investors add equities, while hedge funds trim exposure
✒️Market heavyweights dip ahead of Nasdaq 100 rebalance
✒️UK wage growth matches record high but job market shows signs of cooling
✒️Japan's changing views on price hikes open door for BOJ policy tweak
✒️UK mortgage rates surge to 15-year high after surpassing 'mini-budget' peak
✒️Food prices squeeze consumers in June, hot weather boosts summer spending: BRC
✒️BOK to hold base rate at 3.50% on Thursday, rate cut call pushed to 2024, Reuters poll shows
✒️Fed closing in on end of rate hiking cycle, central bank officials say
✒️UK Food prices squeeze consumers in June, hot weather boosts summer spending: BRC
Source: Reuters
✒️Asian shares rise, dollar dips as traders await US inflation data
✒️Japan's wholesale inflation slows for 6th straight month
✒️Energy stocks lift Toronto market as oil prices climb
✒️Gold rises on softer dollar, yields ahead of US inflation data
✒️Pound scales 15-month peaks on wage growth data
✒️Salesforce to raise prices of some cloud products from August
✒️Small business confidence reaches 7-month high in June, NFIB says
✒️European shares rise, Irish stocks lead
✒️Miners, oil stocks support FTSE 100, strong pound limits gains
✒️Cryptoverse: Hungry exchanges fight for slice of American pie
✒️UK scraps public disclosure of short selling
✒️Foxconn targets India's chip scheme after pulling plug on $19.5 billion venture
✒️South African rand firms on strong local data, weak dollar
✒️Most Gulf markets rise ahead of US inflation data
✒️China property shares rise on financial support policy
✒️US retail investors add equities, while hedge funds trim exposure
✒️Market heavyweights dip ahead of Nasdaq 100 rebalance
✒️UK wage growth matches record high but job market shows signs of cooling
✒️Japan's changing views on price hikes open door for BOJ policy tweak
✒️UK mortgage rates surge to 15-year high after surpassing 'mini-budget' peak
✒️Food prices squeeze consumers in June, hot weather boosts summer spending: BRC
✒️BOK to hold base rate at 3.50% on Thursday, rate cut call pushed to 2024, Reuters poll shows
✒️Fed closing in on end of rate hiking cycle, central bank officials say
✒️UK Food prices squeeze consumers in June, hot weather boosts summer spending: BRC
Source: Reuters