Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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June 18, 2024

• News Headlines from Business News Agencies:
• Business Standard
• Alembic gets USFDA nod for generic injection to treat hereditary angioedema
• Gruner to set up compressed biogas plant in Gujarat at Rs 220-cr investment
• FMCG companies increase prices to maintain margins due to high input costs
• China's May industrial output lags expectations, retail sales a bright spot
• Gold, silver import from UAE surges 210%, need duty revision in FTA: GTRI
• StanChart fails to cut US sanctions breach claims from London lawsuit
• FDI, R&D, manufacturing key to achieve $5 bn defence export: Study
• Adani gets environmental nod for Rs 45,000 cr Mundra port expansion
• AstraZeneca chemotherapy gets US nod for certain type of endometrial cancer
• Apple Intelligence gradual rollout to push AI-backed Siri for 2025: Report
• SoftBank Group-backed Oyo in talks to raise Rs 1,000 cr from family offices
• Economic Times
• IFC to fund $105 mn for Brookfield’s Bikaner Solar Power Project
• Mahindra Lifespace eyes Rs 8-10K crore sales in housing, industrial spaces by FY28
• RBI cancels licence of Purvanchal Co-op Bank, Ghazipur
• Dairy brand Sid's Farm appoints Sunil Potturi as new Chief Technology Officer
• 20% monsoon deficit adds to India's sweltering heatwave troubles
• Centre proposes ESZ for villages on fringes of Bhitarkanika National Park
• Lupin appoints Abdelaziz Toumi as CEO of newly formed arm
• EU cybersecurity label should not discriminate against Big Tech, European groups say
• Landmark EU nature restoration plan gets final approval as bloc gives the green light
• FPIs offload Indian equities worth Rs 3,064 crore in June so far
• China's central bank leaves key policy rate unchanged as expected
• Mint
• Royalty dispute: Nestle India highlights significant gains from parent's IPRs
• Railways to float ₹5,000 crore tender for Kavach safety system
• Zomato confirms discussions with Paytm regarding its movies and events business
• VentureSoul Partners launches ₹600 crore tech-focused debt fund
• Reserve Bank of India wins risk manager of the year award 2024
• I Squared Capital, Stonepeak eye Vodafone’s Indus Towers stake in $2.3 bn deal
• Tata Motors puts pedal to the metal but margin, market share concerns remain
• FPIs slash bearish bets ahead of Union budget, set stage for rally
• German Chamber in China Says EU Tariffs Won’t Protect Automakers
• Flipkart's q-commerce entry weeks away, will take on Zepto, Blinkit, Instamart
• Bonus Issue Alert
• Hindustan Petroleum Corporation : ₹ 536
• Ex Date : 21/06/2024
• Ratio : 1:2
• Bonus Issue Alert
• Bharat Petroleum Corporation : ₹ 628
• Ex Date : 21/06/2024
• Ratio : 1:1
• Split Alert
• Prem. Explosives : ₹3490
• Ex Date : 21/06/2024
• Old FV : ₹10
• New FV : ₹2
• Split Alert
• Share India Securities : ₹ 1534
• Ex Date : 27/06/2024
• Old FV : ₹10
• New FV : ₹2
• Bonus Issue Alert
• PVV Infra : ₹ 30.7
• Ex Date : 21/06/2024
• Ratio : 1:5
• BIOCON: CO SAYS US FDA CONCLUDES GMP INSPECTION AT API FACILITY AT VISAKHAPATNAM, ANDHRA PRADESH || THREE OBSERVATIONS WERE CITED AT THE END OF THE INSPECTION
• Zomato confirms talks with Paytm for its movies, ticketing business; Says no binding decision yet - CNBC TV18
• Zomato further clarified that the discussion is currently taking place with an intent to further strengthen their going-out business.
• Fintech firm NeoFinity launches payment tag for Gen Z and millennials.
• #RBI special audit over, necessary measures taken to address regulatory concerns: IIFL Finance.
• Godawari Power and Ispat share buyback: Board approves ₹301 crore repurchase at ₹1,400 per share.
• MSP on sugar: Industry demands and likely impact on retail prices.
• India’s Stock Market Has Too Much Of a Good Thing - “Extreme euphoria” of retail investors may prompt tax changes
• Who Owns Market ( India)
• 1)Promoters 32.70%
• 2)FPIs 17.90%
• 3)Government 11.20%
• 4)Individual Investor 9.50%
• 5)Domestic MF 8.90%
• 6)Foreign Promoters 8%
• 7)Bank, FIIs, Insurance 5.60%
• 8)Others 6.10%
• The electricity to power the “powerful” Nvidia chips
• The electricity to power the data centres
• The electricity infrastructure to charge the electric cars
• The electricity for powering the manufacturing facilities getting created in India and US
• *Need lot of electricity in future*
• Tata Group to take majority of the share in VIVO India.
• Indian Govt is keen on ensuring that in case of joint venture with Chinese company, Indian partner involves at least a 51% stake.HFCL exempted from European Commission's anti-dumping duties - CNBC TV18. Oppo is also in talks with local players to divest it's Indian unit.
• HFCL exempted from European Commission's anti-dumping duties - CNBC TV18. HFCL Share Price: Shares of HFCL Ltd ended at ₹117.80, up by ₹5.55, or 4.94% on the BSE on Friday (June 14).
• Hindustan Aeronautics Gets Rs 45,000 Crore Tender For 156 Prachand Choppers
• In a big boost for Made in India in defence, Hindustan Aeronautics Limited (HAL) on Monday said the Defence Ministry has issued a Request for Proposal (RFP) for 156 Light Combat Helicopters (LCH).
• Stocks in News post Market closure