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1/3/2024
BSE:+1245(73745)
NSE:+355(22338)
MID:+349(39696)
SML:+307(45532)
FII|FPI:+128Cr
DII:+3814Cr
B.Crude: 83
Gold$:2055=INR: 62802
Silver: 69752
$/Rs: 82.90
7.18 : 2033 G-Sec: 7.05
NSE PE: 23.06
T.me/AlliesFin
Mkt. Updates :

*GIFT Nifty +60 pts (22511) from last trade 22451 ,*

Dow +90.99 pts ,Nsdq +183.02 pts, S&P
+40.81 pts , Bovespa +160 pts , Ftse +52 pts , Dax +56 pts , Cac +6 pts , Crude @ $79.81 brl (+1.55), Brent @ $83.55 brl (-0.00) , Gold @ 2091.60 (+36.90), Silver $23.345 (+0.46), Euro @ $1.0837, JPY @ $150.11, INR @ 82.841


*US GOVT. 10-YR YIELD : 4.19%*


*Today's Corporate Action, 02 Mar Ex Date :**

None 


*Today's Key Results/Board Meetings, 02-Mar-24 :*

NOL
Preferential Issue of shares;General    


*SEC. IN F&O BAN FOR, 02-Mar-24 :)*

*1. ZEEL*
๐Ÿ‘1
*GIFT Nifty +8 pts (22515) from last trade 22507 ,*


Nikkei +333 pts ,
Hangseng +40 pts ,


Crude @ $79.98 brl (+0.01), Brent @ $83.62 brl (+0.07) , Gold @ 2094.90 (-0.80), Silver $23.37 (+0.00), Euro @ $1.0841, JPY @ $150.11, INR @ 82.845





*Today's Corporate Action*
*4th Mar Ex Date*



JYOTISTRUC
E.G.M. 
STEELXIND
E.G.M. 
TIGERLOGS
Stock  Split From Rs.10/- to Rs.1/-  




*Today's Key Results/Board Meetings*
*04-Mar-24*




 ALFAVIO
General        
CITL
Preferential Issue of shares;General  
DRA
General        
GMPL
Increase in Authorised Capital;General  
IGCIL
General        
NVENTURES
General        
PARKHOTELS
Quarterly Results      
POWERGRID
General        
RITCO
Preferential Issue of shares    
ROJL
General        
SPANDANA
General        
SUPRAPFSL
General        
WEL
Interim Dividend;General    




*Stock under F&O ban on NSE*
*04-Mar-24*



1 ZEEL
Today's Headlines


*Economic Times*

๐Ÿ“ ATC logs $322 mn India goodwill impairment charge for 2023

๐Ÿ“ Core inflation to stay around 3% till Q1 FY25: Economists

๐Ÿ“ Centre eyes 10x expansion in domestically flagged Ships

๐Ÿ“ MP industry conclave attracts investment proposals worth Rs 1 lakh crore

๐Ÿ“ Foxconn, Samsung, 3 others to get Rs 4,400+ cr under PLI scheme

๐Ÿ“ Edelweiss Alternatives set to buy IT park in Bengaluru for over Rs 1,475 crore

๐Ÿ“ FPIs reverse trend; infuse Rs 1,500 crore into Indian equities in February

๐Ÿ“ LIC Housing Finance plans to raise funds via green bonds in next financial year

๐Ÿ“ Punjab's GST mop-up rises 16 pc to over Rs 19,000 crore till February

๐Ÿ“ Saudi extends voluntary oil cut of 1 mn barrels per day until mid-2024

๐Ÿ“ ARCIL buys Saraswat's NPAs at 86% haircut

๐Ÿ“ GMR Highways raises Rs 700 cr debt to prepay Yes Bank

๐Ÿ“ SJVN Green Energy bags 200 MW solar project

๐Ÿ“ Rooftop solar installations rise 6.25 pc to 1.7 GW in 2023: Mercom

*Business Standard*

๐Ÿ“ Govt to meet Google, startup executives over app issue on Monday

๐Ÿ“ Flipkart unveils its UPI handle to boost India's digital evolution

๐Ÿ“ Europe's higher defence expenditure may hit exports

๐Ÿ“ EAM S Jaishankar's Japan, Korea visits to focus on semiconductor push

๐Ÿ“ National pension system added 21.5% fewer corporate subscribers in 2023

๐Ÿ“ PM Narendra Modi flags off first crude oil tanker from ONGC's KG project

๐Ÿ“ Rising interest rates prompting more people to go in for term deposits

๐Ÿ“ 50% of companies review their BCDR strategy only once in 3 years: Report

๐Ÿ“ Car leasing player Avyens eyes 8-10 per cent fleet growth in 2024

๐Ÿ“ India Inc pushes capital expenditure as capacity utilisation nears 75%

๐Ÿ“ Nearly 66% greenfield units under PLI scheme for bulk drugs completed

*Financial Express*

๐Ÿ“ Five CIL mines to be converted into pump-storage power projects

๐Ÿ“ India to be on high-stake global stage of chip makers in 5 years: IT Minister Vaishnaw

๐Ÿ“ Godrej & Boyce to increase focus on smaller cities, invest Rs 40 crore in 3 years on distribution

๐Ÿ“ India-UAE non-oil trade target of USD 100 billion by 2030 ambitious, but achievable: CII President

๐Ÿ“ Foodโ€™s weight in inflation index to drop 5 pps with latest consumption survey

๐Ÿ“ Agri trade via e-NAM set to cross Rs 80,000 crore in FY24

*Mint*

๐Ÿ“ Sony renews exclusive media rights deal with UEFA for 3 years

๐Ÿ“ Centre plans to leverage MCC period to prepare over 10,000 km highway contract

๐Ÿ“ IG Drones eyes aggressive defence foray

๐Ÿ“ Centre rejigs plan for sale of Bharat rice and wheat

๐Ÿ“ Vedanta Resources to deleverage debt by $3 billion over three years

๐Ÿ“ PM Modi to inaugurate first under-river tunnel of Kolkata Metro on 6 Mar.
๐Ÿ‘1
*๐Ÿ‡ฎ๐Ÿ‡ณIndia Daybook Stocks in News*


*MOIL:* Feb production at 1.5 lk tn manganese; up 15% YoY. (Positive)

*AMI Organics:* Company gets patents for 2 inventions for 20 years (Positive)

*KPI Green Energy* Company signs power purchase pact for 200MW project (Positive)

*Brigade Enterprises:* Company launches Bengaluru residential project with revenue potential of Rs 380 crore. (Positive)

*Patel Engineering:* JV gets LoA from Telangana Government for Rs 525.4 crore contract (Positive)

*Wardwizard:* Company opens new assembly line for electric 2-wheelers in Jharkhand. (Positive)

*HG Infra:* Bags order worth โ‚น447 crore from South Central Railway (Positive)

*Pidilite:* Company has launched its new product Fevikwik Gel (Positive)

*Gujarat Ambuja Exports:* Company commissions a 120 TPD liquid glucose unit in Malda, West Bengal (Positive)

*Swan Energy:* Swan LNG has pre-paid its entire loan along with interest to its consortium of Banks amounting to Rs 2206 crore (Positive)

*Zaggle Prepaid:* Company has entered into an agreement with Axis Bank to become referral partner. (Positive)

*PSP Projects:* Company received new Work Orders worth INR 386.24 Crores (Positive)

*Vimta Labs:* Company has received Grants-in-aid (GIA of Rs. 409.49 lalchs from Ministry of Food Processing Industries for upgradation of Food Testing Laboratory. (Positive)

*Oil upstream stocks:* Oil steadies near the highest level this year after OPEC+ extends its production cuts to stave off a global crude surplus. (Positive)

*NTPC:* Company approves Rs 17,200 crore investment for Singrauli thermal project (Positive)

*SJVN:* Company gets 200 MW Gujarat solar park project worth Rs 1,100 crore (Positive)

*Godrej Properties;* Company has signed agreements to develop a 62-acre township project in North Bengaluru, offering 5.6 million sq ft of saleable area (Positive)

*Signature Global:* Records sale of luxury residence โ€œDe-Luxe DXPโ€ in Sector 37D, Gurugram, along with the vibrant Dwarka Expressway for over Rs.3600 Crore. (Positive)

*EMart:* Commenced the commercial operations of a new Multi Brand Store under the brand name โ€˜BAJAJ ELECTRONICSโ€™ on 02nd March 2024 in Telangana (Positive)

*Info Edge:* Company said its mobile applications - Naukri jobseeker, Naukrigulf Job Search App and 99acres Buy/Sell/Rent Property have been reinstated on the Google Play Store. (Positive)

*Apollo Tubes:* Company gets Rs 16.86 crore GST demand. (Neutral)

*Finolex Industries:* Company in pact to buy 15.3% stake in Hinduja Renewables for Rs 3.14 crore. (Neutral)

*Vedanta:* Vedanta Resources plans to deleverage as much as $3 billion debt over the next three years. (Neutral)

*Godrej Ind:* Godrej & Boyce to invest Rs 40 crore to expand distribution footprint for its consumer brands in smaller cities. (Neutral)

*Coforge:* Board decided not to proceed with the proposed offering of its American Depository Receipts (Neutral)

*Dr Lal Pathlabs:* Bharath U resigns from CEO post, last working day would be on or before May 20

*Ganesha Ecosphere:* Search and Seizure operations carried out by GST Department on March 1 and 2, 2024 at the company's factory in Kanpur and Bilaspur
๐Ÿ‘1
4/3/2024
BSE:+66(73872)
NSE:+27(22405)
MID:+63(40025)
SML:-357(45495)
FII|FPI:-564Cr
DII:+3542Cr
B.Crude: 83
Gold$:2082=INR: 63535
Silver: 70681
$/Rs: 82.89
7.18 : 2033 G-Sec: 7.06
NSE PE: 23.13
T.me/AlliesFin
ใ€ฝarket ใ€ฝโญ•โญ•D as on
0๏ธโƒฃ4๏ธโƒฃโž–0๏ธโƒฃ3๏ธโƒฃโž–2๏ธโƒฃ4๏ธโƒฃ
provisional Evening

BSE Sensex-30 (P/E 25.25) + 66 (73,872) ๐Ÿ”ผ๐Ÿ˜
BSEmidcap-150 (P/E 29.21) + 3 (13,568) ๐Ÿ”ผ๐Ÿ˜
BSE small cap-250 (P/E 30.78) - 32 (6,082) ๐Ÿ”ฝ๐Ÿ™

Nifty-50 (P/E 23.10) + 27 (22,406) ๐Ÿ”ผ๐Ÿซค
Bank Nifty (P/E 15.70) + 159 (47,298) ๐Ÿ”ผ๐Ÿ™‚

Fii Cash - 0546 Crs ๐Ÿ˜•
Dii Cash + 3,543 Crs โ˜บ๏ธ

10 Yrs G'Sec. Benchmark 7.18 GS-2033 (Rs. 100.81) YTM 7.0601 % ๐Ÿ”ผ๐Ÿ˜‘
Call 6.49 % (6.61 %) โ†˜๏ธโ˜บ๏ธ
TREP 6.34 % (6.50 %) โ†˜๏ธ๐Ÿ˜‡
REPO 6.49 % (6.61 %) โ†˜๏ธโ˜บ๏ธ
T-Bill(3m) 6.90 % โ†”๏ธ๐Ÿ˜ถ

BrntCrude 83.14 $/brl โ‚น. 6,586 ๐Ÿ”ผ
Gold Comex 2,082 $/oz โ‚น/10 gms 63,531 โ†—๏ธ
Silver Comex 23.35 $/oz 70,681 โ‚น/kg โ†—๏ธ

$/โ‚น 82.89๐Ÿ”ผ๐Ÿ˜
โ‚ฌ/โ‚น 89.95 ๐Ÿ”ฝ ๐Ÿ™
ยฃ/โ‚น 105.06 ๐Ÿ”ฝ๐Ÿ™

Data Compiled
(Not Responsible for Any Error)

Baltic Dry Index + 92 (2,203) โ†—๏ธ

DJIA Future - 94 (38,994) ๐Ÿ”ฝ

US Tech 100 Future - 1 (18,302) ๐Ÿ”ฝ


๐Ÿ‡ฎ๐Ÿ‡ณ เคญเคพเคฐเคค เคฎเคพเคคเคพ เค•เฅ€ เคœเคฏ ๐Ÿ‡ฎ๐Ÿ‡ณ
๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿ™๐Ÿป๐Ÿ‡ฎ๐Ÿ‡ณ เคตเค‚เคฆเฅ‡ เคฎเคพเคคเคฐเคฎเฅ  ๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿ™๐Ÿป๐Ÿ‡ฎ๐Ÿ‡ณ
*News Headlines from Business News Agencies :*

*Business Standard :*

๐Ÿ“ Tata Motors plans to demerge business into two separate companies

๐Ÿ“ Swan Energy's natural gas business arm prepays Rs 2,206 crore debt

๐Ÿ“ Govt's AI advisory only for large platforms, not for startups: MeitY

๐Ÿ“ At 4.3% in FY25, inflation may head lower than RBI forecast, estimates CMIE

๐Ÿ“ RBI may launch interoperable payment system for internet banking in 2024

๐Ÿ“ Investors should grab opportunity presented by India's growth: CEO, Deloitte South Asia

๐Ÿ“ Biocon Biologics gets green light to launch Yesafili biosimilar in Canada

๐Ÿ“ British accounting watchdog fines KPMG $1.9 mn over Saatchi audit failings

๐Ÿ“ Cadila Pharma launches quadrivalent influenza vaccine 'Cadiflu Tetra'

๐Ÿ“ Knight Frank India hires Harry Rogers as director of global capital markets

๐Ÿ“ Godrej Properties to develop 62 acre township project in north Bengaluru

๐Ÿ“ Microsoft to integrate Copilot AI in OneDrive cloud storage


*Economic Times :*

๐Ÿ“ Navigating travel insurance for parents visiting the USA from India

๐Ÿ“ EV infrastructure startup Gravity opens fastest charger in New York

๐Ÿ“ Sajid Nadiadwala ventures into Marathi cinema, partners with Tejaswini Pandit

๐Ÿ“ Nokia, Sterlite Technologies collaborate to enhance digital solutions for govt, enterprises

๐Ÿ“ EU antitrust chief Margrethe Vestager to hold news conference, Apple in focus

๐Ÿ“ Tesla has conducted site survey for Thailand EV facility, says government official

๐Ÿ“ Pernod Ricard India appoints Gagandeep Sethi as head of sustainability & responsibility

๐Ÿ“ Aon appoints Rishi Mehra as head of India

๐Ÿ“ Lighthouse Funds invests Rs 229 crore in Safari Industries

๐Ÿ“ BYD to launch its premium electric sedan, Seal, in India

๐Ÿ“ India likely to buy more soyoil in 2024, reduce palm oil purchases, top dealer says


*Mint :*

๐Ÿ“ Moody's upgrades India's 2024 GDP growth forecast to 6.8%

๐Ÿ“ RIL plans foray into pumped storage projects amid energy transition push

๐Ÿ“ Latin America's largest lender Itau eyes a share of India's banking pie

๐Ÿ“ JSLโ€™s Hisar plant to be hub for green hydrogen production

๐Ÿ“ Two-wheeler exports got a jump-start in February.

๐Ÿ“ Italian luxury shoe brand Santoni to expand presence in India

๐Ÿ“ Edtech firms bet on upskilling, higher education amid funding gloom

๐Ÿ“ Google calls off contract with YouTube Music team that demanded better pay

๐Ÿ“ LIC Housing Finance plans to raise funds through green bonds in FY25

๐Ÿ“ MOIL achieved record production in February 2024, with sales growing by 18% YoY.

๐Ÿ“ India to swap 2.5m tonnes of conventional urea with nano urea in FY24: Minister

๐Ÿ“ EaseMyTrip, PNB collaborate to introduce PNB EMT co-branded credit card
๐Ÿ‡ฎ๐Ÿ‡ณIndia Daybook Stocks in News


*Garden Reach:* in pact with Indian Register of Shipping to develop green energy, autonomous vessels. (Positive)

*Jindal Stainless:* Company begins use of Green Hydrogen in Hisarโ€™s Stainless Steel Plant in partnership with Hygenco (Positive)

*EaseMyTrip:* Company and PNB collaborate to introduce PNB EMT co-branded credit card (Positive)

*KIMS to enter into definitive agreements for taking land on 99-year lease. (Positive)

*Tata Motors:* Company to spin-off business in two listed companies (Positive)

*Cyient:* Company in pact with Mass Medic for medtech innovation. (Positive)

*LTI Mindtree:* Company's product division Fosfor announces launch of Fosf or Decision. (Positive)

*Jio Financial:* Companyโ€™s promoters Sikka Ports & Terminals, Jamnagar Utilities & Power to acquire up to 14 crore shares of company. (Positive)

*NTPC:* Green Energy unit signs JV agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam. (Positive)

*Tanla Solutions:* Launches messaging-as-a-platform for telecom companies to report Google Rich Business Messaging. (Positive)

*NBCC:* Companyโ€™s unit awarded work order worth 920m rupees (Positive)

*BEL/BEML/Mishra Dhatu:* Signed MOUs for indigenous development of advanced fueling & control system for engines for heavy duty applications. (Positive)

*Elgi Rubber:* Company says ops at co's reclaimed rubber manufacturing plant in Tamilnadu fully resumed (Positive)

*Brigade:* Company launched dioro at Brigade El Dorado (Positive)

*CL Educate:* Mathew Cyriac bought 10,35,000 Shares at Rs 88/ Share (Positive)

*Ashiana housing:* Company says that converted 63 units into booking of project "one44". (Positive)

*Thomas Cook:* Company has acquired a 50% stake in 500 FT Investment L.L.C, UAE, to establish a travel-related business (Positive)

*AGS Transact:* Company partners with Patanjali Ayurved Limited to launch open-loop Cobranded Rupay Prepaid Cards (Positive)

*Au Small Bank;* RBI approves merger of Fincare Small Finance Bank with AU Small Finance Bank (Positive)

*Power Companies:* Peak power demand in country estimated to rise by 7% year-on-year to 260 Gigawatts this summer. (Positive)

*Infibeam:* Gets RBI's final authorisation to operate as a Payment Aggregator for its payment gateway brand - CCAvenue. (Positive)

*Park Hotels:* PAT at Rs 27.42 cr versus Rs 18.77 cr; total income at Rs 164 cr versus Rs 143.0 cr. (Positive)

*Lodha:* Co launches QIP worth Rs 3300 cr, QIP indicative price at Rs 1098 per share. (Neutral)

*Reliance Ind:* Company says Saab to set up weapon system plant at MET City: Agencies (Neutral)

*Ritco Logistics:* Company's board approves raising up to Rs 120 crore via QIP (Neutral)

*Bajaj Auto:* Buyback to open for bid from 06th March to 13th March 2024. (Neutral)

*ISMT:* Board meet On 7-March to consider interim Dividend. (Neutral)

*Kirloskar Ferrous:* Board meet On 7-March to consider interim Dividend. (Neutral)

*IIFL Finance:* RBI directs IIFL Finance to cease and desist from sanctioning or disbursing gold loans or assigning/ securitising/ selling any of its gold loans with immediate effect
๐Ÿ‘1
Market Update
@AlliesFin
Gift Nifty +9 pts
Gift Nifty 22509
(22500 Nifty Fut Clsd)
*Dow -97.55 pts*
Nsdq -67.43 pts, S&P
-6.13 pts , Bovespa -839 pts , Ftse -42 pts , Dax -18 pts , Cac +22 pts ,Nikkei -169 now ,Crude @ $78.74 brl (+0.00), Brent @ $82.84 brl (-0.71) , Gold @ 2123.70 (-2.60), Silver $24.155 (+0.00), Euro @ $1.0843, JPY @ $150.49, INR @ 82.902

*Today's Corporate Action*
*5th Mar Ex Date*
CGCL
Stock  Split From Rs.2/- to Rs.1/-
CGCL
Bonus issue 1:1
VMS
E.G.M. 

*Today's Key Results/Board Meetings*
*05-Mar-24*
BAIDFIN
Increase in Authorised Capital    
BHAGCHEM
Stock  Split      
BLUECHIPT
General        
MARBLE
Quarterly Results      
MFSINTRCRP
Quarterly Results;General
ROSEMER
Issue Of Warrants;Preferential Issue of shares;General
ROYALIND
Issue Of Warrants;Preferential Issue of shares
SHISHIND
Issue Of Warrants;Preferential Issue of shares;General
SMAUTO
General        
SPVGLOBAL
Voluntary Delisting of Shares;General  
TRIMURTHI
Preferential Issue of shares    
VIPULLTD
Issue Of Warrants;Preferential Issue of shares 

*Stock under F&O ban on NSE*
*05-Mar-24*
1 ZEEL
POSSIBLY PROFIT BOOKING SEEN IN I.T SECTOR DUE TO THIS UPDATE BY CLSA @ALLIESFIN
*Instl. Investors EQUITY Cash Trades PROV. - 05/03/2024 : Rs. CRS. :*

*FIIS : BUY +574 (15,215-14,641)*

*DIIS : BUY +1,834 (11,888-10,054)*
INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 05-03-2024 :

@AlliesFin

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

*TOTAL NET SELL : -23012* ๐Ÿ˜ญ

*INDEX FUT. : -1401*

*INDEX OPT. : -16270*

*STOCK FUT. : -4537*

*STOCK OPT. : -803*

*SEC. IN BAN FOR, 06.MAR, 2024 :*

*1. Zeel*

*ADDITION : NIL*
*DELETION : NIL*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 05-MAR-2024 :*

*FIIS : BUY +574 (15,215-14,641)* ๐Ÿ™‚

*DIIS : BUY +1,834 (11,888-10,054)* ๐Ÿ˜ƒ

*BSE SENSEX : -195 (73,677)๐Ÿ”ฝ*

*NSE NIFTY : -49 (22,356)๐Ÿ”ฝ*

*BSE MIDCAP. -68 (39,958)*๐Ÿ”ฝ

*BSE SMLCAP. : -288 (45,207)*๐Ÿ”ฝ

*B. CRUDE : $ 82.94* ๐Ÿ”ฝ๐Ÿ™‚

*GOLD: $ 2,126=INR 63,770(10gr)*๐Ÿ”ผ๐Ÿ™‚

*SILVER : RS. 74,700 (kg)(5pm)*๐Ÿ”ผ๐Ÿ˜Š

*FOREX : RS. $ 82.89 โ†”๏ธ ๐Ÿ˜ณ*

*7.18% GOI '33: 7.0567%(100.8325)๐Ÿ”ฝ๐Ÿ™‚*

*7.18% GOI '37: 7.1067% (100.6150)๐Ÿ”ฝ๐Ÿ™‚*
GIFT Nifty -15 pts (22422) from last trade 22437 ,


Nikkei -96 pts ,
Hangseng +5 pts ,


Dow -404.64 pts ,Nsdq -267.92 pts, S&P
-52.30 pts , Bovespa -242 pts , Ftse +5 pts , Dax -17 pts , Cac -23 pts , Crude @ $78.20 brl (+0.05), Brent @ $82.08 brl (-0.72) , Gold @ 2135.30 (-6.60), Silver $23.855 (+0.00), Euro @ $1.0857, JPY @ $149.90, INR @ 82.885





*Today's Corporate Action*
*6th Mar Ex Date*



DCMSHRIRAM
Interim Dividend - Rs. - 4.0000
MARICO
Interim Dividend - Rs. - 6.5000
SAHARA
E.G.M. 



*Today's Key Results/Board Meetings*
*06-Mar-24*




BATLIBOI
Preferential Issue of shares    
CELESTIAL
Quarterly Results      
CMMHOSP
General        
EUROLED
General        
GORANIN
General        
INDGELA
Interim Dividend      
IZMO
General        
LLOYDSENGG
Employees Stock Option Plan;General  
RONI
Preferential Issue of shares;General  
SUDARSCHEM
Interim Dividend    




*Stock under F&O ban on NSE*
*06-Mar-24*



1 ZEEL
Today's Headlines


*Economic Times*

๐Ÿ“ Banks turn to bulk deposits to meet credit demand on tepid retail FDs

๐Ÿ“ Reliance Capital lenders' counsel asks Hindujas to roll out IBC plan

๐Ÿ“ Promoter sells 5.2% stake in Aavas Financiers via open market for Rs 570 crore

๐Ÿ“ Big Basket aims to turn profitable in 8 months; eyeing IPO in 2025

๐Ÿ“ Matrix Gas & Renewables raises Rs 350 cr in pre-IPO round

๐Ÿ“ States borrowing cost falls to 32-week low of 7.40 percent

๐Ÿ“ Services sector PMI eases in Feb to 60.6 from 61.8 in Jan

๐Ÿ“ Alok Ind raises Rs 7,000 cr from RIL, two banks for expansion & repayment of high cost debt

๐Ÿ“ Cybersecurity startup Axonius raises $200 million from returning investors

๐Ÿ“ GenAI startup Ema secures $25 million in funding led by Accel, Prosus

๐Ÿ“ Exly raises $6.2 million in latest funding round led by Chiratae Ventures

๐Ÿ“ HCL Group invests Rs 166 crore in edtech firm Education Initiatives

*Business Standard*

๐Ÿ“ Bloomberg to add Indian bonds to emerging market indices in January 2025

๐Ÿ“ RBI bars JM Financial from financing against debentures and shares

๐Ÿ“ Paytm will overcome regulatory setbacks, says Vijay Shekhar Sharma

๐Ÿ“ Adani Power receives creditors' approval for Lanco Amarkantak Power buy

๐Ÿ“ On road to IPO, Udaan saw sales of over 2.25 billion products in 2023

๐Ÿ“ Byju's investors file caveats in SC expecting challenge to NCLT's order

๐Ÿ“ GE Healthcare plans to launch 40 new products across the spectrum

๐Ÿ“ CIEL Group acquires strategic stake in Courseplay, plans IPO in FY25

๐Ÿ“ More than 2,500 fraud connections being cut daily, say DoT officials

๐Ÿ“ Banking system liquidity goes into surplus mode after three months

๐Ÿ“ Govt notifies FDI norms for space; move may bring in $44 bn by 2033

๐Ÿ“ MCA starts comprehensive review of auditing standards regulations

๐Ÿ“ BSE may buy out S&P Dow Jones Indices' entire 50% stake in joint venture

*Financial Express*

๐Ÿ“ TCS, Infosys face election uncertainty in UK, US: CLSA

๐Ÿ“ mPokket raises Rs 500 crore debt from BPEA Credit

๐Ÿ“ Wipro partners with General Motors, Magna to develop automotive software marketplace, SDVerse

๐Ÿ“ BHEL receives Rs 9500 crore order from NTPC for Singrauli Super Thermal Power Project expansion

๐Ÿ“ Securitisation of loans originated by small finance banks to cross Rs 10,000 cr in FY2024, says ICRA

๐Ÿ“ Tata Power Solar Systems, Union Bank renew partnership to offer financing solutions

๐Ÿ“ FCI may raise Rs 15,000-cr short-term loan this fiscal

๐Ÿ“ 30 banks join RBI UDGAM portal for unclaimed deposits

*Mint*

๐Ÿ“ Sibanye Reports $2 Billion Loss After US Mine Impairment

๐Ÿ“ Gopal Snacks IPO: Rajkot-based company raises โ‚น194 crore from anchor investors

๐Ÿ“ Indians buy gold bonds worth a record โ‚น8,000 cr in February

๐Ÿ“ Sri Lanka's debt restructuring plan could be completed by June: Officials

๐Ÿ“ Greenko acquires GI Hydro's Sikkim project for enterprise value of โ‚น1,000 cr

๐Ÿ“ PM Modi unveils development projects worth โ‚น19,600 cr in Odisha's Chandikhole

๐Ÿ“ Swiggy partners IRCTC to provide food delivery service on Indian Railways

๐Ÿ“ Govt likely to consider tax cuts on flex-fuel vehicles
๐Ÿ‡ฎ๐Ÿ‡ณIndia Daybook Stocks in News

@AlliesFin

*NHPC:* Company starts work on 1,200 MW Jalaun Ultra Renewable Energy Power Park in Uttar Pradesh (Positive)

*Indiabulls Housing Finance:* Moody's upgrades long-term rating to B2 from B3; Outlook remains stable (Positive)

*JKumar Infra:* JV gets order from #BMC for construction project worth Rs 1,330 crore. (Positive)

*Jubilant Ingrevia:* Company commissions multipurpose agro active & intermediate plant via wholly-owned subsidiary in Gujarat (Positive)

*Westlife Food:* FSSAI verifies McDonald's India uses 100% real cheese. (Positive)

*Wipro:* Company acquires 27% stake in SD Verse LLC for $5.85 m. (Positive)

*Allied Digital:* Company bags order worth โ‚น190 crore for MIDC Taloja Smart Industrial City Project. (Positive)

*Power Mech:* Company bags order worth โ‚น658.57 crore from Madhya Pradesh Government & Gujarat Mineral Development Corporation. (Positive)

*Man Industries:* Company received API Certification for manufacturing electric resistance welded pipes. (Positive)

*Coal India:* Companyโ€™s unit South Eastern Coalfield's Gevra Mine set to become largest coal mine in Asia. (Positive)

*Sonata Software:* Company to open delivery center in Poland to address growing demands from global clients. (Positive)

*Bhagiradha Chemicals:* Company to split each share into 10 shares (Positive)

*Havells:* Company plans to add kitchen appliances to portfolio. (Positive)

*AB Fashion:* Caladium Investment exercises right to convert all 6.6 crore warrants into equity shares. (Positive)

*IRCTC:* Company signs MoU with Swiggy to provide pre-ordered meals to passengers via IRCTC e-Catering Services (Positive)

*JSW Energy:* Subsidiary signs battery energy storage purchase agreement (BESPA) for the first project of 250 MW / 500 MWh battery energy storage system (Positive)

*Indiabulls Real Estate:* Company gets MIDCโ€™s vacation order for a plot in Nashik SEZ (Positive)

*Alok Ind;* Company secures Rs 7,000 Cr Funding From Reliance Industries, Axis Bank, And State Bank Of India (Positive)

*Coal India:* Gets environmental clearance to expand production capacity in Gevra Mine (Positive)

*Aavas Fin:* SBI Mutual Fund, Amansa Capital invest Rs 1,186 crore after promoters pare stake. (Positive)

*Torrent Pharma:* USFDA issues Establishment Inspection Report (EIR) for Gujarat's Oral-Oncology Manufacturing facility. (Positive)

*Zomato:* ALIBABA Unit Antfin to sell Rs 2800 cr worth shares in co via block deal. (Neutral)

*Wipro:* Company acquires 27% stake in SD Verse LLC for $5.85 m (Neutral)

*SBI Life Insurance:* Board to consider payment of interim dividend on March 10. (Neutral)

*SAMIL:* Japan's Sumitomo Wiring Systems to sell 4.4% stake at a discount of 2% (Neutral)

*REC:* Board meeting scheduled on March 16 to consider an interim dividend. (Neutral)

*Bharat Forge:* Company to invest Rs 179.9 crore in arm Bharat Forge Global Holding in the form of capital reserve. (Neutral)

*Bank of India:* Invests Rs 60.35 crore in National Asset Reconstruction Company under preferential share issuance. (Neutral)

*ONGC:* Board approves additional investment of Rs 99 crore in unit ONGC Green. (Neutral)

*Tata Technologies:* Company appoints S. Sukanya as Chief Operating Officer (Neutral)

*Mahanagar Gas:* Company cuts CNG price in Mumbai by Rs 2.50/Kg to Rs 73.50. (Neutral)

*Bharti Airtel:* Approves allotment of 5.68 mn shares to FCCB holders at conversion rate of โ‚น518/sh. (Neutral)

*CG Power:* Company gets โ‚น190 cr income tax demand notice for FY22

*JM Financial:* RBI: Deficiencies found in companyโ€™s loans for NCDs; to conduct special audit