HERITAGE FOODS: HERITAGE FOODS: CO ENTERS SUPPLY DEAL WITH JV CO HERITAGE NOVANDIE FOODS

#ETNOWExclusive | The Govt's main #economic agenda of privatisation is getting pushed back as many government officials remain indisposed due to #COVID. Sources say the timelines of major privatisation have shifted by at least a quarter.
https://twitter.com/ETNOWlive/status/1394905059289300993?s=20

MS on IOC
Overweight
Target Rs 139
--
JPM on IOC
Overweight
Target Rs 147
--·
Jefferies on IOC
Hold
Target Rs 100

Bulk Deal & Insider Trade Update
*Bulk deal*
🔸Best Agrolife Limited : Elara India Opportunities Fund Limited Sell 178701 Shares @ Rs. 205.99

🔸Coforge : Hulst B V Sell 3100000 Shares @ Rs. 3250.58

*Insider Trade*
*Acquisition*
🔸GODREJ INDUSTRIES LIMITED Promoter Acquisition 33341 shares of Godrej Agrovet Ltd on 14-May-21

*Disposal*
🔸Mr. Sudhir Jatia Promoter & Director Disposal 1100000 shares of Safari Industries (India) Ltd. on 18-May-21

*Invoke*
🔸ASHWELL HOLDING COMPANY PRIVATE LIMITED Promoter Group Invoke 750000 shares of Bombay Rayon Fashions Ltd.

*Revoke*
🔸Zuari Global Limited Promoter Revoke 555000 shares of Chambal Fertilisers & Chemicals Ltd.

🔸Opelina Sustainable Services Limited Revised Promoter Group Revoke 3100000 shares of Jindal Steel & Power Ltd.

🔸PRISM INTERNATIONAL PRIVATE LIMITED Promoter Revoke 3900000 shares of Gateway Distriparks Ltd. on 18-May-21

*Good Morning*
• Fitch Sees Developed-Market Growth Overtaking Emerging Markets
• India to Spend Additional 147.8B Rupees on Fertilizer Subsidy
• RBI Governor Meets MD & CEOs of Public Sector Banks May 19
• Storm Delays India’s 38,950 tons of Sugar Shipment to Indonesia
• Indian Navy Recovers 22 Bodies After Tauktae Cyclone Sinks Barge
• NCLT Asks DHFL Lenders To Consider Settlement Offer By Wadhawan: BQ
• Global Funds Sell Net INR6.98B of India Stocks Wednesday: NSE
o Domestic funds sell net 8.53b rupees of stocks
• Foreign Investors Buy Net INR11.4B of Indian Equities on May 18
• Foreigners Sell Net INR16.7B Indian Equity Derivatives Wednesday
• Cyclone leaves trail of destruction in Guj, death toll reaches 46: PTI
• India Mulls Panel to Regulate Cryptocurrencies: Economic Times
• AIMIM MP seeks slash in fertiliser prices; writes to Tomar: PTI
• NBCC, Suraksha submit revised bids for Jaypee Infra: PTI
• Indiabulls Housing (IHFL): 4Q net income 2.76b rupees vs. 1.37b y/y; to pay 9 rupees dividend per share
• Indian Oil Corp (IOCL): Cuts refinery run to 84% as Covid hits fuel demand
o Indian Oil 4Q Net Income Beats Estimates

╭───────────────────╮
🌄 *Shuboudhaya : 20 MAY 2021*🙏🏻
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*Today's © top News*

1. Cyclone Tauktae has impacted the weather conditions in several parts of Northern India.

2. *Deep Depression (Remnant of Tauktae) weakened into depression over South Rajasthan and adjoining Gujarat region at 0530 hours IST of the 19th May 2021* . It is about 60 km west-southwest of Udaipur. To weaken gradually into a Well-marked low-pressure area during next 12 hours," the India Meteorological Department (IMD) informed.

3. *Another cyclone is likely to hit the east coast by May 26-27, the India meteorological department said* . A low pressure area is very likely to form over north Andaman Sea and adjoining east-central Bay of Bengal around May 22.

4. *PM Modi conducts aerial survey of areas of Gujarat, Diu devastated by cyclonic storm Tauktae* . Gujarat Chief Minister Vijay Rupani is also accompanying the Prime Minister Modi during this aerial survey.

5. *Nitin Gadkari suggests more companies be given license to manufacture COVID-19 vaccines* .

6. *Bihar government extended the deadline for wheat procurement till June 15 to meet the target of procuring seven lakh metric tonne wheat in the current Rabi season* . The previous deadline was May 31.

7. The Bombay high court on Wednesday permitted Delhi University's associate professor Hany Babu, an accused in the Elgar Parishad-Maoist links case, to be shifted to the private Breach Candy Hospital in Mumbai for medical treatment

8. *Karnataka Chief Minister B S Yediyurappa has announced a relief package of 1250 crore rupees for those distressed by the Covid infused lockdown.*

9. A day after the LDF shocked the people of the state and beyond by dropping former Health Minister KK Shailaja from Pinarayi Vijayan's new Kerala cabinet, reports from local media have suggested that journalist-turned-politician Veena George is all set to replace Shailaja 'Teacher' as the new Health Min. The LDF, which has created history by becoming the first govt to return for a second consecutive term in Kerala, dropped all its sitting ministers except CM Pinarayi Vijayan from the new cabinet in an effort to give 'fresh and new faces' a chance.

10. *Tarun Tejpal case: Goa court adjourns matter till May 21st in rape charges involving former Tehelka editor* : The former Tehelka editor-in-chief is accused of sexually assaulting a female colleague inside the elevator of a luxury hotel in Goa in 2013.

11. *Ministry of Electronics & Information Technology sends notice to #WhatsApp asking to withdraw its updated privacy policy* . Ministry says, updated privacy policy undermines values of informational privacy, data security. It asks WhatsApp to respond to notice by May 25.

12. *Madhya Pradesh: Rs 5 lakh aid to kin of government employees who died of COVID-19*

13. Veteran BJP leader and former Union Minister Chaman Lal Gupta dies in Jammu at 87.

14. Renowned Tamil writer Ki Rajanarayanan dies at 98 in Puducherry, won Sahitya Akademi award in 1991.

15. *Schools affiliated to CBSE have decided to hold another set of online practice tests for Class-XII candidates,* especially after Union education minister Ramesh Pokhriyal made no announcement about cancellation of the boards following meeting with education secretaries of different states. Most city schools have submitted the internal assessment marks to the board. All schools have also completed their pre-boards and additional mock tests.

16. *Indian Army Engineers innovate a solution for efficient conversion of Liquid Oxygen to low pressure Oxygen Gas for Covid patients* : An Indian Army Engineers team under Maj Gen Sanjay Rihani undertook an initiative to find a solution to this challenge. A specialised task force was quickly put together for early execution of an innovation to ensure that oxygen is made available without the use of gas cylinders, thus obviating the need to refill them frequently.

Over seven days, the team of Army Engineers in-direct consultation and material support from CSIR & DRDO put together a working solution using vaporisers, PRVs and liquid oxygen cylinders.

17. At least 22 personnel on board accommodation barge P305 that went adrift in Cyclone Tauktae fury before sinking in the Arabia Sea off Mumbai coast are dead and 65 still missing, a Navy official said.

18. The Indian military is continuing search and rescue operations for a third day after a deadly cyclone left scores missing and stranded at sea. Cyclone Tauktae, the strongest storm on record to hit India's west coast, has killed at least 40 people since it made landfall in western Gujarat state on Monday night.

19. Former NSG director Gen JK Dutt, who headed the commando force during the 2008 Mumbai terror attacks, died on Wednesday due to complications arising out of Covid-19. JK or Jyoti Krishan Dutt was a 1971-batch Indian Police Service (IPS) officer of the West Bengal cadre.

20. *COVID STATUS*
▲ NEW

TOTAL CASES 25496330
▲ 267334
TOTAL ACTIVE 3226719
▲ -127046
TOTAL RECOVERED 21986363
▲ 389851
TOTAL DEATHS 283248
▲ 4529

*✈INTERNATIONAL NEWS*

1. Eminent American civil rights leader Rev. Jesse L. Jackson is urging President Joe Biden to release 60 million doses of COVID-19 vaccines to India, which is experiencing one of the worst outbreaks of thee pandemic in the world.

2. US pharmaceutical company Johnson and Johnson has joined hands with Telangana-based Biological E Limited for the manufacturing of COVID-19 vaccine. The vaccine named, Janssen Covid-19 is currently approved in US, Europe and other nations including Thailand and South Africa.

3. *Defence ministry clears the BRO tunnel under Shinkun La in Ladakh*
Cutting through the red-tape, the Union defence ministry has decided to ask the Border Roads Organisation (BRO) to build a 4.25-kilometre tunnel under the 5,091-metre-high Shinkun La pass to make an all-weather axis from Manali to Leh via Darcha-Padun-Nimmu alignment.

4. *Russian Ambassador to India, Nikolay Kudashev on Wednesday lauded Indian rescue efforts in the aftermath of cyclone Tauktae.* "Deeply saddened to learn about human loss & estruction caused by cyclone Tauktae which struck west coast of India. Admire heroic work of rescue forces.

*🌎WORLD NEWS🌍*

1. *Italy opens up for international travellers; on its way to revive tourism*

2. *A U.S. warship has again sailed through the sensitive waterway that separates Taiwan from its giant neighbour China,* at a time of increased tensions between Taipei and Beijing.

3. *Israel-Palestine conflict* :Assessing conditions for ceasefire in bloody Gaza conflict:

Israel is studying whether conditions are right to stop bombing Palestinian militants in Gaza but is preparing for "more days" of strikes if necessary, an Israeli military source said

4. The United States and its NATO allies are exploring a possible international effort to help secure the airport in Afghanistan's capital Kabul, after American troops withdraw from the country.

5. China has offered to host talks between the parties in Afghanistan in an effort to play a greater role in the conflict-hit country and the larger neighboring region. China stepped up its diplomacy outreach with Pakistan and Afghanistan in the wake of the US troops withdrawal from the war-torn country.

6. Charles Grodin, an American actor whose comic roles in films such as Midnight Run and Beethoven brought smiles to faces for decades, has died at 86. Known for his dry wit, Grodin was a familiar face in Hollywood comedies and prime-time talk shows in the US.

*🚣🚴🏇🏁🏊Sports:*

1. *A 28-member Indian National Football Team squad left for Doha Wednesday evening (May 19, 2021) for India’s three forthcoming matches in the FIFA World Cup Qatar 2022, and AFC Asian Cup China 2023 Qualifiers, slated to be played from June 3 onwards*

2. *U.S. House of Representatives Speaker Nancy Pelosi called for a U.S. diplomatic boycott of the 2022 Winter Olympics in Beijing,* criticizing China for human rights abuses and saying global leaders who attend would lose their moral authority.

3. West Indies names 18-player squad for three back-to-back five-match T-20I series against South Africa, Australia & Pakistan.

4. Tennis, former World No 1 Serena Williams crashed out of the WTA tournament in Parma when she lost in straight sets 7-6, 6-2 to 68th-ranked Czech Katerina Siniakova in the second round

5. *Roger Federer defeated by Pablo Andujar in 2nd round of Geneva Open* : tennis, 20-time Grand Slam champion Roger Federer was handed a shock defeat by world number 75 Pablo Andujar in the second round of Geneva Open. Spaniard Andujar defeated top-seeded Federer 6-4, 4-6, 6-4. Notably, the match was 39-year-old Federer’s first since March this year, and the tournament was his second in past 15 months.

6. *The Downfall of Sushil Kumar: From Olympic Champion to a Murder Accused* . The goodwill, respect, honour that wrestler Sushil Kumar earned so far in his career is at stake as for the nation he is not just an Olympic medalist but also an absconding criminal. For the bronze medal at the 2008 Beijing Olympics, Sushil was awarded the Rajiv Gandhi Khel Ratna award, India's highest sporting honour. Sushil got married to his coach Satpal’s daughter Savi Kumar in 2011.

7. Sushil Kumar is one of the accused in the Chhatrasal Stadium scuffle incident where Sagar Rana, a former junior national champion, lost his life on May 4. Sushil, who has been absconding since the night of the scuffle, is said to be involved in the incident where two factions of wrestlers allegedly opened fire on each other, leaving several injured and 23-year-old Sagar Rana dead. Meanwhile, the Delhi Police on Monday (May 17) said they will reward an amount of Rs one lakh to anyone, who can provide intel about two-time Olympic medallist Sushil Kumar.

8. The Sports Ministry has sought an intervention of the External Affairs Ministry to get a visa for tennis star Sania Mirza's two-year-old son to travel with her when she goes to England for several tournaments ahead of the Tokyo Olympics.

*USD 73.18 💷GBP 103.61*
_In Shimla (HP)_
*🥇Gold ₹49,750©10 gm 24 (Krt)*
🥈 *Silver ₹77,550©Kg*
⛽ *Petrol ₹ 91.31©1Ltr*
⛽ *Diesel ₹ 83.51©1Ltr*

*LPG : ₹ 855/14.2© Kg*

*BSE Sensex* 49,902.64
*NIFTY* : 15,030.20

*🇮🇳Facts about India🇮🇳*

*The Vijayanagara Empire* : When Muhammad Tughlaq was losing his power in Deccan, the two Hindu princes, Harihar and Bukka founded an independent kingdom in the region between the river Krishna and Tungabhadra in 1336.

The Vijayanagara Empire, also called Karnata Kingdom, was based in the Deccan Plateau region in South India. It was established in 1336 by the brothers Harihara I and Bukka Raya I of the Sangama dynasty, It lasted until 1646, although its power declined after a major military defeat in the Battle of Talikota in 1565 by the combined armies of the Deccan sultanates. The empire is named after its capital city of Vijayanagara, whose ruins surround present day Hampi, now a World Heritage Site in Karnataka.

*😀Thought of the day*

Talk to yourself once in a day.. otherwise you may miss meeting an excellent person in this world.

*Joke of the day*

*Pappu* had a dream in which someone murdered him. Next day he closed his bank account. Know
Why?
Because the bank's slogan was: We make your dreams come true.

*😳Why❓❓❓*

*Why is saliva or sweat used for cricket ball in matches?*

The swing of the cricket ball is mainly governed by three factors namely shiny side, climatic conditions and behaviour of the pitch. The cricket ball creates turbulence as it swings. The player uses sweat or saliva to make one side look shinier. This helps to create challenging conditions to the batsman. It is legal and allowed in all matches conducted by ICC. It is called ball tampering.

Ball Tampering is usually done after the ball wears away in the second half of a match.

There are two types of swinging namely conventional swinging and reverse swinging. During conventional swinging, the ball moves towards the side of greater turbulence. During reverse swinging, the ball swings the other side.

*LEARN Sanskrit*🙏🏻

*विरुद्ध* : विपरीत, उलटा

💁🏻‍♂️ *GK© TODAY*

Biggest bird ..... African Ostrich

🛕 *VEDIC GYAN*

Nala was the son of divine Architect Vishwakarma. He acquired skills just like his father. Nala was the one who built Rama Setu. The ocean God advised Sri Rama to build a bridge over the ocean to Rama and recommends the name of Nala because he was the son of Vishwakarma. He was equal to his father in skill. Vishwakarma bestowed a boon to Nala and he would be equal to him in prowess.

Nila was also a valiant Vanara equal to Sugriva in might, courage and prowess. He was the son of Agni. He was one of the commanders of the Vanara army. Nila was one of only four great monkeys (Angada, Nila, Sugriva and Hanuman) who could cross the ocean.

🤔 *How © works* ⁉

*How are clouds formed* ?

Clouds are created when water vapor, an invisible gas, turns into liquid water droplets. These water droplets form on tiny particles, like dust, that are floating in the air. You hang up a wet towel and, when you come back, it's dry.

In other words, we can say it is a process of evaporation followed by condensation causes the formation of clouds. Water present on the earth’s surface gets evaporated due to sunlight, and then rises up in the atmosphere. On reaching a certain height, water vapour present in air condenses to form tiny droplets of water. These water droplets collect to form clouds that float in air.

🧬 *HEALTH CARE:© HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻)

*Benefits of Laughing*
Dopamine is a type of neurotransmitter. Your body makes it, and your nervous system uses it to send messages between nerve cells. That's why it's sometimes called a chemical messenger. Dopamine plays a role in how we feel pleasure.

Happiness reduces stress hormone levels

It reduces cardiac strokes

It also Triggers to release body endorphins which is a natural painkiller.

*Regards

╭───────────────────╮
*🙏PLZ FOLLOW GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©YOUR FAMILY SAFE🌼*
╰───────────────────╯

Stocks To Watch

Axis Bank: OFS for non-retail investors gets 4 times the demand as compared to the shares on offer. OFS for retail investors to open today. SUUTI will exercise the oversubscription option to sell another 0.74% stake in the bank.

Sintex Industries: The company's plant situated at Lunsapur in Gujarat has been damaged due to Cyclone Tauktae. The quantum of loss and estimated impact on the production due to the cyclone is being determined, the company said.

Shree Pushkar Chemicals & Fertilisers: The company's plant situated at Ratnagiri in Maharashtra has been damaged due to Cyclone Tauktae, resulting in a temporary suspension of production at Unit I to V.

lndo Rama Synthetics (India): Approved capex plan up to Rs 600 crore in the company and its wholly-owned subsidiary at Butibori in Nagpur towards the addition of balancing equipment, manufacturing of specialty yarns and to install a 700 TPD PET Resin manufacturing facility.

Tata Steel: Fitch upgrades rating to BB with a stable outlook.

Earnings to watch: HPCL, Brookfield India Real Estate Trust REIT, Bosch, Cosmo Films, Disa India, Electrosteel Castings, EPL, Expleo Solutions, Gujarat Industries Power Co., Havells India, IndInfravit Trust, JK Lakshmi Cement, KNR Constructions, Meghmani Organics, Plastiblends India, Music Broadcast, Relaxo Footwears, The Investment Trust Of India, Torrent Power, Ultramarine & Pigments, Usha Martin, Zee Entertainment Enterprises

Insider Trades

Godrej Agrovet: Promoter Godrej Industries bought 33,341 shares on May 14.

Pledge Share Details

Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 5.55 lakh shares between May 14-18.

Jindal Steel & Power: Promoter Opelina Sustainable Services revoked pledge of 31 lakh shares between May 11-12.

Gateway Distriparks: Promoter Prism International revoked pledge of 39 lakh shares on May 18.As reported on May 19.

Who's Meeting Whom

INOX Leisure: To meet UTIMF on May 20.

KEC International: To meet DAM Capital Advisors on May 20.

UTI Asset Management Company: To meet Enam Investment on May 20.

Mahindra Holidays & Resorts India: To meet Incred Capital on May 24 and Theleme Partners on May 25.

Money Market Update

The rupee ended at 73.16 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 73.04.

Synbiotics Limited, a subsidiary of Ambalal Sarabhai Enterprises Limited (ASE), is the only manufacturer of the Active Pharmaceutical Ingredient (API) Amphotericin B in India and looking at the current outbreak of MUCORMYCOSIS and expected requirement, Synbiotics has ramped up the manufacturing capacity to meet the requirement of this most effective anti-fungal Antibiotic in the post Covid crisis.

Synbiotics Limited has the State of the Art fermentation plant for the manufacturing of the API Amphotericin B.

You have been tracking IOL Chemicals for sometime now. What kind of targets you have for the stock?
IOL Chemicals is the largest producer of ibuprofen and has around 30 per cent share in the global market. It is the largest producer of ethyl acetate at a single location in India. It is the second largest producer of Isobutylbenzene IBB, with 30 per cent share in global market. It has over 12 new products in the pipeline. During the 9 months of FY21, it recorded a PAT of Rs 36 ..

Read more at:
https://economictimes.indiatimes.com/markets/expert-view/glenmark-among-3-stocks-with-great-momentum/articleshow/82518648.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Trading Tweaks

Ex-Date Bonus Issue: IRCON International

Ex-Date Income Distribution RITES: Mindspace Business Parks REIT

Ex-Date Rights Issue: Vikas Lifecare

Ex-Date Stock Split: Jost's Engineering

Record Date Income Distribution: IRB InvIT Fund

Price Band Revised From 20% To 10%: Gokaldas Exports, Indo Rama Synthetics (India), Praj Industries

Move Into Short-Term ASM Framework: Birla Corporation, Venky's (India), Nitin Spinners, Indo Rama Synthetics (India)

Move Out Of Short-Term ASM Framework: Apcotex Industries

Move Into ASM Framework: Best Agrolife, PTC India

*Japan: Tokyo Steel Japan's largest producer of construction steel, raises steel prices by up to 18% for June '21 deliveries*. Hot rolled coil prices for Jun '21 delivery in Japan up by JPY 16,000/t ($147) to reach a staggering price of JPY 1,15,000/t ($1057)

*In India, despite the several price increases, prices are still the best available prices in the world*. Hot Rolled Coil (HRC) in India is Rs 73,000 / tonne (USD 1,000/ tonne) & Cold Rolled Coil (CRC) Rs 86,000 / tonne – (USD 1,175/ tonne). Against this, Prices of hot rolled coil in the US is at USD 1,500/ tonne, in Europe USD 1,220/ tonne.

With significant gap between domestic & international prices as well as pick-up in local demand & higher input cost will keep higher steel prices supported in India. *No wonder, as per Jindal Steel and Power Ltd (JSPL) Managing Director V R Sharma, In India, Steel Prices may Take 2 Years to Cool Down*.