🇮🇳Business News Headlines

Economic Times
 
Ø India's Agriculture Exports jump to $ 41 Billion
Ø Bank of Baroda cuts MCLR for various tenors
Ø Century Ply Q4 Profit rises 115% to Rs 83 Crore
Ø NHPC March quarter profit rises 80% to Rs 464 Cr
Ø IIFL Home Finance looking to raise up to Rs 1,000 Cr through bonds
Ø 3rd tranche of open market purchase of Rs 40,000 cr G-Secs on June 17: RBI
Ø RBI hikes ATM interchange fee to Rs 17 from Rs 15; allows 5 free ATM transactions
Ø Tata Steel eyes growth opportunities after paring debt beyond target
Ø Slintel raises $20 Million in funding round led by GGV Capital
Ø Edtech startup Leverage Edu raises $2 Million from Trifecta Capital
Ø US annual inflation jumps to 13-year high of 5% in May

Business Standard

Ø Tata Digital to acquire majority stake in online healthcare marketplace 1MG
Ø GST Council to meet Saturday, discuss tax exemption on Covid-19 essentials
Ø Fintech firms expect business as usual by July, says FACE survey
Ø YES Bank board approves fundraising up to Rs 10K crore via debt securities
Ø Koo expands its wings, govt of Nigeria joins microblogging platform
Ø Amazon gets UK antitrust scrutiny over data usage, says report
Ø In a first, Verizon brings commercially available private 5G network in US
Ø G-7 plans 1 Billion extra Covid-19 Shots to end pandemic next year
Ø Gati Ltd looks to shut two more businesses post cold chain exit
Ø Eightfold AI raises $220 mn from SoftBank Vision fund, valuation doubles

Financial Express

Ø Lenders start voting on resolution plan of RCFL
Ø Coal Sector facing some headwinds from financial markets: Govt
Ø Cult.fit acquires Tread to launch hardware-at-home biz
Ø At 6,499 MW, Delhi sees highest power demand this Summer
Ø JSW Steel output rises 10 % to 13.67 LT in May
Ø Wipro IT Services approves issuance of up to USD 750 mn dollar denominated notes
Ø IIT Madras to develop software to monitor maritime traffic

Mint

Ø Monsoon sets in over Odisha, to cover entire state in 2 days: IMD
Ø OPEC sees Oil demand recovery gaining strength in second half of the year
Ø Waterfield Advisors hits first close of its Rs500 Crore Fund of Funds
Ø Govt to auction 'major' oil, gas fields of ONGC, Oil India: Dharmendra Pradhan
Ø 49% of new-to-credit retail borrowers below 30 years, 24% were women: Report
Ø Electric mobility startup Cell Propulsion raises $2 Million
Ø Kale Logistics raises $5 Million in Series A funding led by Inflexor Ventures
Ø LIC’s Individual Annual Premium equivalent decline 13% in May

Patience is the "KEY" To make "MONEY" In Stock Market.

Congratulations to those who have taken rs.200 dividend and also capital appreciation on Oracle.
Simple formula for making Money in Stock Market, Don't react and Stay invested in Fundamental Stocks.
In short term stocks may very volatile but if you understand their business model and know how company earn cash flow from their products then it is a opportunity for YOU to Make Money.
It takes time to understand Stock Market Properly till then Keep Learning.

Stay Tuned... :)

Gn

Gn

Read this article you will learn.

You can apply for Sona Comstar IPO.
Check the below list of peers company listed in India.
Mother-son Sumi is in Top, in terms of profitability.
Although PAT reduced compare to Last FY, but YOU can add this stocks in your Portfolio for Listing gain as well as Long Term.

If YOU ask my View i will choose Mother-son Sumi & Robert Bosch rather than anyone.

My concern is only YOUR Money Safety Nothing Else.
This is also an IPO Listed in 2018.

One of the Best Company after Mother-son Sumi, but very very volatile.
First time investors either stay away or start with less quantity.

Gn

🇮🇳Business News Headlines

Economic Times

Ø Former RBI Governor D Subbarao red flags rising income inequality
Ø CG Power lines up Rs 135 Crore capital expenditure in current financial year
Ø Coal India may announce 20-25% additional dividend on June 14
Ø Axis Bank's stake in Max Life likely to rise to 20% in 12-18 months
Ø Baba Ramdev's Ruchi Soya files FPO document to raise up to Rs 4,300 Crore
Ø Exim Bank sees India's Q1 merchandise exports at $87.2 bn
Ø IRDAI looking for agency to manage its grievance redressal centre
Ø Discoms' outstanding dues to Gencos fall 11.2 per cent to Rs 81,628 crore in April
Ø NTPC invites Global expression of interest for hydrogen fuel cell based pilot projects
Ø Saint-Gobain eyes up to Rs 1,000 crore revenue from housing solutions business in 3 to 5 Years
Ø Dropshop raises $1.3 Million in funding round led by Inflection Point
Ø DeFi startup Instadapp raises $10 million in funding

Business Standard

Ø Reliance Power to raise Rs 1,325 Cr from RInfra via preferential allotment
Ø No plans to make vaccine as it requires separate infra: Sun Pharma
Ø Edelweiss Financial plans to slash wholesale book by half to Rs 5,900 Crore
Ø DHFL insolvency case: NCLT appoints panel to oversee resolution plan
Ø Ministry of Defence allocates Rs 500 Cr for designing innovative products
Ø Japan to start antitrust probe on Apple and Google, says report
Ø G7 agrees to boost climate finance, plans to meet $100 bn a year target
Ø IPO buzz on the Street as dozen finserv players line up Rs 55,000 cr issues
Ø FPIs invest Rs 13,424 cr in June so far as Covid-19 Cases decline

Financial Express

Ø Private ARCs moving to retail loans as national bad bank nearing reality
Ø No cyber breach into NIC Email system: Govt
Ø NBCC to submit project report on RINL’s 22-acre land in Vizag by June-end
Ø Amway plans to invest Rs 170 Crore over 2-3 years in India
Ø ITC to expand Welcomhotel brand to 25 Hotels
Ø DLF targets 30 pc growth in sales bookings to Rs 4,000 Cr during FY22; to launch 8 mn sq ft area
Ø IMF will explore options for re-allocating reserves to raise $100 billion for poor countries
Ø Bank of Maharashtra plans to raise up to Rs 2,000 Cr through QIP

Mint

Ø 9GW green contracts to be auctioned
Ø LIC looks to raise up to ₹25,000 Crore from anchor investors
Ø UAE’s ADQ to invest $500 Million in Flipkart
Ø Europe keeps aiding companies to avoid surge of Covid-19 insolvencies
Ø Amazon India announces machine learning Summer School for engineering students
Ø Airline Industry sees Long-term rebound for sector
Ø RBI explores buying highly rated foreign Corp Bonds

Jab tak market samajh me aayega tab tak market se bahar ho jaoge.