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 27, 2022

• • Crypto Exchanges Hunker Down as Everything Goes Wrong in India
• o A 1% tax on crypto transactions takes effect on July 1
• • India to Double Capacity for Washing Coking Coal to Cut Imports
• • Egypt Signed Deal With India for 180k Tons of Wheat: Minister
• • RBI Extends Card Tokenization Deadline by 3 Months to Sept. 30
• • Akasa Expects Test Flight Next Week, Eyes July Commercial Start
• o India’s newest airline should start selling tickets shortly
• • Ant-Backed Zomato to Buy Blink Stake in $568 Million Deal (1)
• o India’s Zomato to retain separate brand, app for Blinkit
• • Emaar Says Issue Resolved After Reports CEO Detained in India
• • Rupee Under Pressure on Likely Dollar Shortage in Market: Mizuho
• • Stocks Climb, Inflation for 2022 May Have Peaked: Macro Squawk
• • India’s FX Reserves Fall $5.9B to $590.6b in Week to June 17
• o India Official Reserves Drop to Lowest Since May 2021
• • Global Funds Sell Net INR23.5B India Stocks on Friday: NSE
• o Domestic funds buy net 22.1b rupees of stocks
• • Foreign Investors Sell Net INR20.1B of Indian Equities Thursday
• • Foreigners Buy Net INR10.1B of Indian Equity Derivatives Friday
• • Bangladesh Unveils Bridge Shunned by World Bank a Decade Ago
• • Capping Russian Oil Prices Is Pure Fantasy: Julian Lee
• • G-7 and NATO Summits; Xi’s Speech: Week Ahead June 25-July 1
• o ECB Forum in Portugal; Wimbledon, Tour de France kick off
• • Govt to invite bids for power from 8,000 MW thermal capacities without PPAs: PTI
• • Ola Ends Used-Car, Food Delivery Divisions to Focus on EVs: ET
• • Cipla (CIPLA): Co., Macleods HIV Child Treatments Approved in South Africa
• • Dish TV India (DITV): Says Jawahar Lal Goel vacates MD office after votes by shareholders at EGM
• • Dr Reddy’s (DRRD): DR Reddy’s Buys Injectable Product Portfolio From Eton Pharma; to Pay $5M Upfront, up to $45M Contingent; Indivior, Aquestive Therapeutics Agrees Settlement W/ Dr Reddy’s
• • Indian Overseas Bank (IOB): RBI Imposes Penalty of INR5.75M on IOB for non- compliance
• • L&T Finance Holdings (LTFH): Says unit Gets NBFC Registration Certificate
• • Welspun Corp (WLCO): Wins orders worth 6b rupees from India, U.S.A. across the Oil & Gas and Water sector
• • Zomato (ZOMATO): To Buy Blink Commerce Stake in $568 Million Deal
• Dr. Reddy's: Co Gets $72M In Generic Suboxone Settlement || Co Acquires Branded, Generic Injectable Portfolio From Eton Pharma For $50 Million
• SIS: Board Meeting On June 29 To Approve The Proposal For Buyback Of The Equity Shares Of The Co
• Welspun Corp: Co Secured Orders Worth About 6b Rupees || Co Says Orders From India And USA Across Oil & Gas And Water Sector
• Ashoka Buildcon: Co Receives LOA For Project Worth US $106.38m
• Canara Bank: Board Approves Rs 9000-Crore Capital Raising Plan
• KIRI Industries: Co To Buy 81% Stake Of Indo Asia Copper
• Adani Enterprises: Co Unit Raises Rupees 6,000 CR Loan To Build Greenfield Copper Plant In Gujarat
• Hind Copper: Board Meeting On June 30, Co. To Consider Raising Of Funds
• Tata Power: Co Solar Commissions India’s Largest Floating Solar Power Project Of 101.6MWP In Kerala Backwaters
• Rattan India: Co Approved Entering Into An Arrangement For Commercial Development Of Surplus Land Admeasuring 421 Acres, Situated At Amravati Thermal Power Plant Of The Co. At Nandgaon Peth, Amravati
• Infosys: Co In AGM Says On Recession Question CEO Says Sees Strong Deal Pipeline, Growth Guidance Remains At 13-15%
• ICICI Bank: Moody's Upgrades ICICI Bank UK'S Supported Ratings, Stable Outlook
• Federal Bank: Board Meeting On June 30 To Consider Raising Of Equity Capital Of The Bank || Co To Consider Borrowing/ Raising Of Funds In Indian Currency Or Other Currency
• Zomato: Co Says To Acquire Blinkit Shares For 44.47b Rupees
• NTPC: Co. Reaches 2GW Renewable Energy Capacity