Avoiding big draw downs at all costs is important because
10% loss requires 11% gain
20% loss requires 25% gain
50% loss requires100% gain
90% loss requires 900% gain
to get back to break-even.
Managing the down side is much more important than managing the upside
#StockMarket
10% loss requires 11% gain
20% loss requires 25% gain
50% loss requires100% gain
90% loss requires 900% gain
to get back to break-even.
Managing the down side is much more important than managing the upside
#StockMarket
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All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
*GMR INFRASTRUCTURE LTD*
*A Big Turnaround Story*
*We are describing the Assets of Group here below, after reading this in detail, you will realise the real value of GMR Group*
■ The only Company which is engaged in diversified big Businesses like:
■ Airports Development and Operations
■ Energy Sector
■ Transaportation
■ Urban Structures
■ Services Business
■ Sports
■ Other Business
■ Main Business is Airports and Energy Sector and we all know Both these business are in huge demand after opening up theme. Infact GMR is amoung the TOP 5 AIRPORT DEVELOPER AND OPERATORS GLOBALLY, which is very attractive. 3 Airports are operational, while 2 are under developed with 267 routes and 100+Millions passengers per year. Major Airports are:
• Delhi int'l Airport,
• Hyderabad Int'l Airport
• Bidar Airport
Besides Company has tie up with Megawide Construction Corporation of Phillippines, developing and maintaining Mactan Cebu Int'l Airport- the second Largest airport of Phillipines.
■ GMR Energy is operating very efficiently as it has balanced diversification towards Coal, Gas, LSHS, Renewal sources such as Wind and Solar energy. Infact its future projects are based on Solar energy which is most cost efficient in oerations.
■ GMR's Transportation Business focuses on Surface Transport projects including Roads, Railways, Metros and Airstrips/Runways. GMR operates through its 4 subsidiaries:
• GMR Pochannpali Expressways Limited
• GMR Chennai Outer Ring Road Private Limited
• GMR Ambala Chandigarh Expressways Private Limited
• GMR Hydrrabad Vijaywada Expressways Private Limited
■ Urban Infratructure arm of GMR contribute towards the growth and development of specialised Industrial Projects. Currently developing 2 multi products projects which aims creating state of the art establishments that is sustainable, are as under:
• 2101 Acre multi product special investment region at Krishnagiri, TamilNadu.
• 10000 acre Port based multi product special Investment region at Kakinada, Andhra Pradesh.
■ Services Business Arm of the Company deals in Specialised Services in the field of *Aviation and Other Sectors.* These services classified as:
▪︎Airport Services
▪︎Security Services
▪︎Advisory Services
■ Spoets Division of the Group deals with the belief that sports provides a connect with the community at large. Group holds:
*▪︎ Delhi Capitals* is a Franchise of Cricket team which represents the city of Delhi in Indian Premier League(IPL), The world's biggest Cricket league. DC is owned by GMR Group and JSW Group jointly.
*▪︎UP Yodha* is a Kabaddi team based in Lucknow, UP that plays in the pro Kabaddi League.
■ Other Business of the Group are also very diverified mainly divided into 3 parts:
• *GMR Airospace and Industrial Park* is a Versatile world class business area of operations that can be customised according to the need and nature of business. It is constructed at Hyderabad, housed with Hyderabad International Airport Limited.
• *GMR Arena* is a State of the Art facility built in the heart of Hyderabad City, which transforms every event in hosts into a immersive experience.
• *GMR Innovex* innovation verical of GMR Group, aims to foster both a culture if innovation with the organisation & build a philisophy of open innovation that enables free flow of ideas and resources between GMR and External Ecosystem partners.
■ Capax Cycle has been completed and now its time to reap the Benefits
■ Dont go with its Book Value on books, its the Cost of Assets, actual Realisable Value of these Assets are in multiple of book value.
■ Yes, its true Company have huge debts on its books, but now at turn around stage Company is planning to hive off its Debt. Remember before Steel Cycle rebound before 2020, steel stocks remained huge debt ridden, but when steel cycle revived in 2020-21, mostly companies have repaid/planning to repay 50%-60% of their entire debt in next 2 l-3 quarters. So its the power of turning the story in favour. Just wait and watch the Fundamentals improving Rapidly.
*A Big Turnaround Story*
*We are describing the Assets of Group here below, after reading this in detail, you will realise the real value of GMR Group*
■ The only Company which is engaged in diversified big Businesses like:
■ Airports Development and Operations
■ Energy Sector
■ Transaportation
■ Urban Structures
■ Services Business
■ Sports
■ Other Business
■ Main Business is Airports and Energy Sector and we all know Both these business are in huge demand after opening up theme. Infact GMR is amoung the TOP 5 AIRPORT DEVELOPER AND OPERATORS GLOBALLY, which is very attractive. 3 Airports are operational, while 2 are under developed with 267 routes and 100+Millions passengers per year. Major Airports are:
• Delhi int'l Airport,
• Hyderabad Int'l Airport
• Bidar Airport
Besides Company has tie up with Megawide Construction Corporation of Phillippines, developing and maintaining Mactan Cebu Int'l Airport- the second Largest airport of Phillipines.
■ GMR Energy is operating very efficiently as it has balanced diversification towards Coal, Gas, LSHS, Renewal sources such as Wind and Solar energy. Infact its future projects are based on Solar energy which is most cost efficient in oerations.
■ GMR's Transportation Business focuses on Surface Transport projects including Roads, Railways, Metros and Airstrips/Runways. GMR operates through its 4 subsidiaries:
• GMR Pochannpali Expressways Limited
• GMR Chennai Outer Ring Road Private Limited
• GMR Ambala Chandigarh Expressways Private Limited
• GMR Hydrrabad Vijaywada Expressways Private Limited
■ Urban Infratructure arm of GMR contribute towards the growth and development of specialised Industrial Projects. Currently developing 2 multi products projects which aims creating state of the art establishments that is sustainable, are as under:
• 2101 Acre multi product special investment region at Krishnagiri, TamilNadu.
• 10000 acre Port based multi product special Investment region at Kakinada, Andhra Pradesh.
■ Services Business Arm of the Company deals in Specialised Services in the field of *Aviation and Other Sectors.* These services classified as:
▪︎Airport Services
▪︎Security Services
▪︎Advisory Services
■ Spoets Division of the Group deals with the belief that sports provides a connect with the community at large. Group holds:
*▪︎ Delhi Capitals* is a Franchise of Cricket team which represents the city of Delhi in Indian Premier League(IPL), The world's biggest Cricket league. DC is owned by GMR Group and JSW Group jointly.
*▪︎UP Yodha* is a Kabaddi team based in Lucknow, UP that plays in the pro Kabaddi League.
■ Other Business of the Group are also very diverified mainly divided into 3 parts:
• *GMR Airospace and Industrial Park* is a Versatile world class business area of operations that can be customised according to the need and nature of business. It is constructed at Hyderabad, housed with Hyderabad International Airport Limited.
• *GMR Arena* is a State of the Art facility built in the heart of Hyderabad City, which transforms every event in hosts into a immersive experience.
• *GMR Innovex* innovation verical of GMR Group, aims to foster both a culture if innovation with the organisation & build a philisophy of open innovation that enables free flow of ideas and resources between GMR and External Ecosystem partners.
■ Capax Cycle has been completed and now its time to reap the Benefits
■ Dont go with its Book Value on books, its the Cost of Assets, actual Realisable Value of these Assets are in multiple of book value.
■ Yes, its true Company have huge debts on its books, but now at turn around stage Company is planning to hive off its Debt. Remember before Steel Cycle rebound before 2020, steel stocks remained huge debt ridden, but when steel cycle revived in 2020-21, mostly companies have repaid/planning to repay 50%-60% of their entire debt in next 2 l-3 quarters. So its the power of turning the story in favour. Just wait and watch the Fundamentals improving Rapidly.
It is a Big Turnaround story and will soon turned huge profitable.
Catch its Ownership before it leashes its real power. Buy and Hold 👍
Catch its Ownership before it leashes its real power. Buy and Hold 👍
Insider Trades
Adani Green Energy: Promoter Infinite Trade and Investment bought 15 lakh shares on June 14.
Asian Granito India: Promoter Kamleshkumar Patel sold 1.50 lakh shares on June 14.
Godrej Agrovet: Promoter Godrej Industries bought 36,772 shares on June 10.
Mold-Tek Packaging: Promoter Golukonda Satyavati sold 2,000 shares between June 4-10.
Ultramarine & Pigments: Promoters (Sridhar Sundararajan HUF and Kala Sundarvedha) sold 6,185 shares on June 14.
Adani Green Energy: Promoter Infinite Trade and Investment bought 15 lakh shares on June 14.
Asian Granito India: Promoter Kamleshkumar Patel sold 1.50 lakh shares on June 14.
Godrej Agrovet: Promoter Godrej Industries bought 36,772 shares on June 10.
Mold-Tek Packaging: Promoter Golukonda Satyavati sold 2,000 shares between June 4-10.
Ultramarine & Pigments: Promoters (Sridhar Sundararajan HUF and Kala Sundarvedha) sold 6,185 shares on June 14.
Pledge Share Details
Emami: Promoter Sneha Enclave created a pledge of 15 lakh shares between June 10-11. Promoter Sneha Gardens revoked pledge of 3 lakh shares on June 11.
Jindal Steel & Power: Promoter OPJ Trading revoked pledge of 42.21 lakh shares between June 9-10.As reported on June 15.
Emami: Promoter Sneha Enclave created a pledge of 15 lakh shares between June 10-11. Promoter Sneha Gardens revoked pledge of 3 lakh shares on June 11.
Jindal Steel & Power: Promoter OPJ Trading revoked pledge of 42.21 lakh shares between June 9-10.As reported on June 15.
Stocks To Watch
Dr. Reddy’s Laboratories: International Center for Dispute Resolution, U.S. has ordered a subsidiary of the company to pay $46.25 million (towards milestones, interest and fees) to Hatchtech Pty. for a skin treatment lotion. Dr Reddy’s arm signed an asset-purchase agreement with Hatchtech in 2015. In July 2020, the company received approval from the U.S. FDA for Xeglyze (abametapir) lotion. That triggered a contractual pre-commercialisation milestone payment of $20 million to Hatchtech. That amount is included in the award, along with interest and fees, by the international arbitrator.
Jubilant Pharmova: Jubilant HollisterStier LLC, a step-down subsidiary of the company, has partnered with Ocugen Inc. for manufacturing of Covid-19 vaccine candidate, Covaxin, for the U.S. and Canadian markets.
RITES: Emerged as the lowest bidder for Rs 1,741 crore railways project. A tender was called the Ministry of Railways for railway electrification work on a turnkey basis.
Wipro: Extended its partnership with Levi Strauss & Co. The four-year agreement builds upon the companies’ existing collaboration in digital commerce, infrastructure, and finance. Wipro will provide Global IT support services across Levi Strauss & Co.’s consumer digital technology space. Further, the company has announced a strategic partnership with FEV to open Innovation Lab for developing Software Defined Vehicles. The lab will help automakers, OEMs create enhanced automobile experiences.
Godrej Agrovet: Executed a share purchase agreement with Saar Yavin and Adaya Aroyo, Maxximilk Ltd (Israel) and Godrej Maxximilk Pvt Ltd for the acquisition of 2.95 lakh shares of GMPL. Post-acquisition GMPL will become a wholly-owned subsidiary of the company. The acquisition was made at Rs 10 crore and is expected to be completed before June 30.
ICICI Bank: Allotted 28,274 unsecured long-term bonds in the nature of debentures aggregating to Rs 2,827.4 crore on a private placement basis on June 15. The bonds carry a coupon rate of 6.45% per annum for a period of seven years.
Videocon Industries: Has fixed June 18 as the record date for the purpose of delisting of equity shares from BSE and NSE.
Nesco: Appointed Krishna Patel as the Chairman and Managing Director with effect from June 15. Patel will replace Sumant Patel, who has been appointed as Executive Director and Chief Mentor of the company effective June 15.
Earnings: Asahi India Glass, CESC, Nureca, Olectra Greentech, Rites, RPSG Ventures, Somany Ceramics, Welspun Enterprises
Dr. Reddy’s Laboratories: International Center for Dispute Resolution, U.S. has ordered a subsidiary of the company to pay $46.25 million (towards milestones, interest and fees) to Hatchtech Pty. for a skin treatment lotion. Dr Reddy’s arm signed an asset-purchase agreement with Hatchtech in 2015. In July 2020, the company received approval from the U.S. FDA for Xeglyze (abametapir) lotion. That triggered a contractual pre-commercialisation milestone payment of $20 million to Hatchtech. That amount is included in the award, along with interest and fees, by the international arbitrator.
Jubilant Pharmova: Jubilant HollisterStier LLC, a step-down subsidiary of the company, has partnered with Ocugen Inc. for manufacturing of Covid-19 vaccine candidate, Covaxin, for the U.S. and Canadian markets.
RITES: Emerged as the lowest bidder for Rs 1,741 crore railways project. A tender was called the Ministry of Railways for railway electrification work on a turnkey basis.
Wipro: Extended its partnership with Levi Strauss & Co. The four-year agreement builds upon the companies’ existing collaboration in digital commerce, infrastructure, and finance. Wipro will provide Global IT support services across Levi Strauss & Co.’s consumer digital technology space. Further, the company has announced a strategic partnership with FEV to open Innovation Lab for developing Software Defined Vehicles. The lab will help automakers, OEMs create enhanced automobile experiences.
Godrej Agrovet: Executed a share purchase agreement with Saar Yavin and Adaya Aroyo, Maxximilk Ltd (Israel) and Godrej Maxximilk Pvt Ltd for the acquisition of 2.95 lakh shares of GMPL. Post-acquisition GMPL will become a wholly-owned subsidiary of the company. The acquisition was made at Rs 10 crore and is expected to be completed before June 30.
ICICI Bank: Allotted 28,274 unsecured long-term bonds in the nature of debentures aggregating to Rs 2,827.4 crore on a private placement basis on June 15. The bonds carry a coupon rate of 6.45% per annum for a period of seven years.
Videocon Industries: Has fixed June 18 as the record date for the purpose of delisting of equity shares from BSE and NSE.
Nesco: Appointed Krishna Patel as the Chairman and Managing Director with effect from June 15. Patel will replace Sumant Patel, who has been appointed as Executive Director and Chief Mentor of the company effective June 15.
Earnings: Asahi India Glass, CESC, Nureca, Olectra Greentech, Rites, RPSG Ventures, Somany Ceramics, Welspun Enterprises
World Markets
Dow - 94
Nasdaq - 101
Dax + 56
Nikkei - 72
Hangseng - 50
Sgxnifty - 39 (15832)
Brent Crude 74.47
Dow Fut + 7
Dollar Index 90.52
Dow - 94
Nasdaq - 101
Dax + 56
Nikkei - 72
Hangseng - 50
Sgxnifty - 39 (15832)
Brent Crude 74.47
Dow Fut + 7
Dollar Index 90.52
Dear All,
Nirmal Bang is inviting you to a Zoom webinar.
When: Jun 16, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_IJQ9ap0tROGEzZdOQ6YpDw
After registering, you will receive a confirmation email containing information about joining the webinar.
Nirmal Bang is inviting you to a Zoom webinar.
When: Jun 16, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_IJQ9ap0tROGEzZdOQ6YpDw
After registering, you will receive a confirmation email containing information about joining the webinar.
Zoom Video
Welcome! You are invited to join a webinar: Morning Market Update. After registering, you will receive a confirmation email about…
Financial News Bulletin Dt.16th June, 2021 forwarded by Allahabad Bank Employees' Union-APTS- affiliated to All India Bank Employees' Association (AIBEA)
The RBI is unlikely to react yet to multi- month high retail prices as economic recovery remains its prime focus amid the deadly second wave of the pandemic, according to two senior sources aware of the central bank's thinking. The annual retail inflation rate rose 6.30% year-on-year in May, up from 4.29% in April and sharply above analysts' estimate of 5.30%. The wholesale price inflation rate rose 12.94%, its highest in at least two decades.
-Business Standard
Bank of Baroda is working towards providing a flexible working model to its employees aimed at striking a work-life balance and productivity enhancement in the long run. The work environment went through a sea change during the pandemic and employees are able to work from home and office, the bank said in its annual report for 2020-21.
-Business Today
HDFC Bank was facing technical glitches with its mobile app today. The issues lasted for over an hour. The bank had informed the customers about the same stating that it was looking into the problem which will be resolved “shortly.”
-Business Line
Deutsche Bank will hire over 3,000 techies this year to strengthen its technology centres in India, Russia, Romania and the US. The bank would hire over 1,000 people in India including 300 engineering graduates of various disciplines from 30 different campuses of NITs and IITs. These freshers are expected to come on board in July, the Bank said.
-Business Line
LIC Housing Finance reported a 5% Y-o-Y decline in 4th quarter standalone net profit at ₹399 Cr against ₹421 Cr in the year ago quarter. The board of directors recommended a dividend of ₹8.50 per equity share (425%) of ₹2 each, subject to approval of the members of the Co at the forthcoming Annual General Meeting.
-Business Line
SBI Cards and Payment Services said its has raised Rs 500 Cr by issuing bonds. Its board of directors has approved the allotment of 5,000 fixed rate, unsecured, rated, taxable, redeemable and senior non- convertible debentures aggregating to Rs 500 Cr on a private placement basis, SBI Card said in a regulatory filing.
-Business Standard
Navi General Insurance has introduced a subscription-based health insurance in Kerala through monthly EMIs instead of paying an upfront annual premium. The health insurance policies can be purchased using EMIs starting as low as ₹240 per month. With no agents and a completely digital and paperless process, customers can buy health insurance via the Navi Health app within 2 minutes, with the policy issued to them instantly on the app. The Co offers health insurance cover ranging from ₹2 lakh to ₹1 Cr for individuals and families.
-Business Line
India's exports rose by 69.35% to $32.27 billion in May, driven by healthy growth in sectors such as engineering, petroleum products and gems and jewellery, even as trade deficit widened to $6.28 billion, according to Govt data released today. Exports in May last year stood at $19 billion, and in May 2019 it was at $29.85 billion, the data showed. Imports too grew in May 2021 by 73.64% to $38.55 billion, from $222 billion in the same month a year ago -- leaving a trade deficit for the month being reviewed at $6.28 billion.
-Business Standard
Financial wealth in India grew 11% to USD 3.4 trillion in 2020 despite the coronavirus pandemic, a global consultancy BCG estimated today. The 11% growth in financial wealth was at par with the compounded annual growth rate for the 5 years to 2020, the report by BCG said.
-Economic Times
Pension regulator PFRDA has allowed National Pension System (NPS) subscribers with savings of upto ₹5 lakhs in NPS to take the entire amount at retirement without mandating any investment in annuity. Hitherto, this facility (without annuity rider) was available only for withdrawal of NPS corpus or savings upto ₹2 lakh at the time of retirement.
The RBI is unlikely to react yet to multi- month high retail prices as economic recovery remains its prime focus amid the deadly second wave of the pandemic, according to two senior sources aware of the central bank's thinking. The annual retail inflation rate rose 6.30% year-on-year in May, up from 4.29% in April and sharply above analysts' estimate of 5.30%. The wholesale price inflation rate rose 12.94%, its highest in at least two decades.
-Business Standard
Bank of Baroda is working towards providing a flexible working model to its employees aimed at striking a work-life balance and productivity enhancement in the long run. The work environment went through a sea change during the pandemic and employees are able to work from home and office, the bank said in its annual report for 2020-21.
-Business Today
HDFC Bank was facing technical glitches with its mobile app today. The issues lasted for over an hour. The bank had informed the customers about the same stating that it was looking into the problem which will be resolved “shortly.”
-Business Line
Deutsche Bank will hire over 3,000 techies this year to strengthen its technology centres in India, Russia, Romania and the US. The bank would hire over 1,000 people in India including 300 engineering graduates of various disciplines from 30 different campuses of NITs and IITs. These freshers are expected to come on board in July, the Bank said.
-Business Line
LIC Housing Finance reported a 5% Y-o-Y decline in 4th quarter standalone net profit at ₹399 Cr against ₹421 Cr in the year ago quarter. The board of directors recommended a dividend of ₹8.50 per equity share (425%) of ₹2 each, subject to approval of the members of the Co at the forthcoming Annual General Meeting.
-Business Line
SBI Cards and Payment Services said its has raised Rs 500 Cr by issuing bonds. Its board of directors has approved the allotment of 5,000 fixed rate, unsecured, rated, taxable, redeemable and senior non- convertible debentures aggregating to Rs 500 Cr on a private placement basis, SBI Card said in a regulatory filing.
-Business Standard
Navi General Insurance has introduced a subscription-based health insurance in Kerala through monthly EMIs instead of paying an upfront annual premium. The health insurance policies can be purchased using EMIs starting as low as ₹240 per month. With no agents and a completely digital and paperless process, customers can buy health insurance via the Navi Health app within 2 minutes, with the policy issued to them instantly on the app. The Co offers health insurance cover ranging from ₹2 lakh to ₹1 Cr for individuals and families.
-Business Line
India's exports rose by 69.35% to $32.27 billion in May, driven by healthy growth in sectors such as engineering, petroleum products and gems and jewellery, even as trade deficit widened to $6.28 billion, according to Govt data released today. Exports in May last year stood at $19 billion, and in May 2019 it was at $29.85 billion, the data showed. Imports too grew in May 2021 by 73.64% to $38.55 billion, from $222 billion in the same month a year ago -- leaving a trade deficit for the month being reviewed at $6.28 billion.
-Business Standard
Financial wealth in India grew 11% to USD 3.4 trillion in 2020 despite the coronavirus pandemic, a global consultancy BCG estimated today. The 11% growth in financial wealth was at par with the compounded annual growth rate for the 5 years to 2020, the report by BCG said.
-Economic Times
Pension regulator PFRDA has allowed National Pension System (NPS) subscribers with savings of upto ₹5 lakhs in NPS to take the entire amount at retirement without mandating any investment in annuity. Hitherto, this facility (without annuity rider) was available only for withdrawal of NPS corpus or savings upto ₹2 lakh at the time of retirement.
Simultaneously, the PFRDA has also raised the premature withdrawal limit on a lumpsum basis for NPS to ₹2.5 lakh from ₹1 lakh earlier, Supratim Bandyopadhyay, Chairman, PFRDA told.
-Business Line
Fitch Ratings has placed negative outlook on Gautam Adani-led Adani Ports and Special Economic Zone Limited's (APSEZ) affirming long-term foreign- currency Issuer Default Rating (IDR) at 'BBB-'.
-Business Standard
Ten central trade unions will hold a day-long nationwide protest on 26 June in collaboration with farmers' unions, seeking a host of demands, including the repeal of recently approved farm laws, labour codes, and an income transfer scheme for the poor. The central unions including AITUC, CITU, INTUC, HMS, among others, said in a joint memorandum that they will continue to agitate for better jobs, decent work environment, better compensation, equality at work and give full support to farmers who will complete seven months of agitation on 26 June.
-Livemint
USD /INR 73.31
Sensex 52773.05 (+221.52)
BSE Bankex 39930.73 (+358.44)
Nifty 50 15869.25 (+57.40)
Nifty Bank 35247.70 (+297.15)
-Business Line
Fitch Ratings has placed negative outlook on Gautam Adani-led Adani Ports and Special Economic Zone Limited's (APSEZ) affirming long-term foreign- currency Issuer Default Rating (IDR) at 'BBB-'.
-Business Standard
Ten central trade unions will hold a day-long nationwide protest on 26 June in collaboration with farmers' unions, seeking a host of demands, including the repeal of recently approved farm laws, labour codes, and an income transfer scheme for the poor. The central unions including AITUC, CITU, INTUC, HMS, among others, said in a joint memorandum that they will continue to agitate for better jobs, decent work environment, better compensation, equality at work and give full support to farmers who will complete seven months of agitation on 26 June.
-Livemint
USD /INR 73.31
Sensex 52773.05 (+221.52)
BSE Bankex 39930.73 (+358.44)
Nifty 50 15869.25 (+57.40)
Nifty Bank 35247.70 (+297.15)
*Good Morning*
• India May Trade Deficit at $6.28b
o Exports rose 69.35% y/y to $32.27b
o Imports rose 73.64% y/y to $38.55b
• Giant Poor-Sighted Bird Poses Dilemma for India’s Energy Push
• Ravva Oil Field Is Key Interest In Anil Agarwal’s Videocon Takeover
• India Cumulative Monsoon Rainfall 31% Above Normal on June 15
• India Stocks Ignore Inflation Data and Extend Run to Record High
• Rob Arnott’s Big Bet on Emerging Markets Is Paying Off
• Global Funds Buy Net INR6.34B of India Stocks on Tuesday: NSE
o Domestic funds sell net 6.49b rupees of stocks
• Foreign Investors Buy Net INR8.07B of Indian Equities on June 14
• Foreigners Buy Net INR954.5M India Equity Derivatives on Tuesday
• Jaishankar, Sitharaman to headline UK’s India Global Forum: PTI
• Govt allocates 78,000 tonnes of FCI rice for ethanol making in 2020-21: PTI
• Sembcorp on prowl for renewable projects acquisitions in India: PTI
• 11:05am: India federal cabinet to meet
• Canara Bank (CBK): Clarifies has sought RBI nod to take 12% stake in NARCL
• Jubilant Food (JUBI): 4Q net income 1.04b rupees vs. 210.5m y/y, est. 1.07b; Revenue +15% y/y to 10.3b
• LIC Housing (LICHF): 4Q net income -5.2% y/y to 3.99b rupees, misses est. 6.65b; Board approves preferential issue of 45.4m shares to founder LIC
• RITES Ltd. (RITE): Emerge lowest bidder for INR17.4b railways project
• Sun Pharmaceutical (SUNP): Corcept Therapeutics settles patent litigation with Sun Pharma
• Wipro (WPRO): Expands partnership with Levi Strauss with four-year pact
• India May Trade Deficit at $6.28b
o Exports rose 69.35% y/y to $32.27b
o Imports rose 73.64% y/y to $38.55b
• Giant Poor-Sighted Bird Poses Dilemma for India’s Energy Push
• Ravva Oil Field Is Key Interest In Anil Agarwal’s Videocon Takeover
• India Cumulative Monsoon Rainfall 31% Above Normal on June 15
• India Stocks Ignore Inflation Data and Extend Run to Record High
• Rob Arnott’s Big Bet on Emerging Markets Is Paying Off
• Global Funds Buy Net INR6.34B of India Stocks on Tuesday: NSE
o Domestic funds sell net 6.49b rupees of stocks
• Foreign Investors Buy Net INR8.07B of Indian Equities on June 14
• Foreigners Buy Net INR954.5M India Equity Derivatives on Tuesday
• Jaishankar, Sitharaman to headline UK’s India Global Forum: PTI
• Govt allocates 78,000 tonnes of FCI rice for ethanol making in 2020-21: PTI
• Sembcorp on prowl for renewable projects acquisitions in India: PTI
• 11:05am: India federal cabinet to meet
• Canara Bank (CBK): Clarifies has sought RBI nod to take 12% stake in NARCL
• Jubilant Food (JUBI): 4Q net income 1.04b rupees vs. 210.5m y/y, est. 1.07b; Revenue +15% y/y to 10.3b
• LIC Housing (LICHF): 4Q net income -5.2% y/y to 3.99b rupees, misses est. 6.65b; Board approves preferential issue of 45.4m shares to founder LIC
• RITES Ltd. (RITE): Emerge lowest bidder for INR17.4b railways project
• Sun Pharmaceutical (SUNP): Corcept Therapeutics settles patent litigation with Sun Pharma
• Wipro (WPRO): Expands partnership with Levi Strauss with four-year pact
*SGX Nifty -46 pts (15825) from last trade 15871 ,*
Nikkei -80 pts ,
Hangseng -108 pts ,
Now @7.05am .
Dow -94.42 pts ,Nsdq -104.42 pts, S&P
-8.56 pts, , Bovespa -116 pts , Ftse +25 pts , Dax +55 pts , Cac +23 pts , Crude @ $72.48 brl (+0.36), Brent @ $74.30 brl (+0.31) , Gold @ 1857.70 (+1.40), Silver @ $27.815 (+0.12), Euro @ $1.2123, JPY @ $110.10, INR @ 73.345
*Today's Corporate Action*
*16th Jun Ex Date*
ICICIPRULI
Final Dividend - Rs. - 2.0000
LINDEINDIA
Final Dividend - Rs. - 3.0000
SRTRANSFIN
Final Dividend - Rs. - 6.0000
TATAINVEST
Dividend - Rs. - 24.0000
*Today's Key Results/Board Meetings*
*16-Jun-21*
AREYDRG
General;Preferential Issue of shares
ASAHIINDIA
Audited Results;Dividend;Quarterly Results
ASHOKALC
Audited Results
BNRUDY
Audited Results;General
CESC
Audited Results;Stock Split
COMSYN
Audited Results
CONTILI
Audited Results
DALALSTCOM
Audited Results;General
DCAL
Employees Stock Option Plan;General
DHRUV
General
DIAMINESQ
Employees Stock Option Plan;General
DICIND
Quarterly Results
EASUN
General
EKI
Audited Results;Employees Stock Option Plan
FEDERALBNK
General
GEL
Audited Results;Half Yearly Results
GODAVARI
Audited Results
HARDCAS
Audited Results;General
INDOASIAF
Audited Results
INDPRUD
A.G.M.;Amalgamation;Audited Results;Dividend;Quarterly Results
J&KBANK
General
KAKATCEM
Audited Results;Final Dividend
KRANTI
Bonus issue;General
LOKESHMACH
Audited Results
MANAKSTELTD
Audited Results
NEXTMEDIA
Audited Results;Quarterly Results
NURECA
Audited Results;Final Dividend;General
OLECTRA
Audited Results
PANAENERG
Audited Results;Dividend
PRIMEFRESH
Audited Results;Half Yearly Results
PRITIKAUTO
Audited Results;General;Quarterly Results
PUNCTRD
Audited Results;Quarterly Results
RITES
Audited Results;Final Dividend
ROSEMER
Audited Results
RPSGVENT
Audited Results
SBC
Audited Results
SHREMETAL
Audited Results;General
SOMANYCERA
Audited Results;Final Dividend;General
TELESYS
Audited Results;General
WELENT
Audited Results;Final Dividend
*Stock under F&O ban on NSE*
*16-Jun-21*
1ADANIPORTS
2CANBK
3ESCORTS
4NATIONALUM
5PNB
6SUNTV
Nikkei -80 pts ,
Hangseng -108 pts ,
Now @7.05am .
Dow -94.42 pts ,Nsdq -104.42 pts, S&P
-8.56 pts, , Bovespa -116 pts , Ftse +25 pts , Dax +55 pts , Cac +23 pts , Crude @ $72.48 brl (+0.36), Brent @ $74.30 brl (+0.31) , Gold @ 1857.70 (+1.40), Silver @ $27.815 (+0.12), Euro @ $1.2123, JPY @ $110.10, INR @ 73.345
*Today's Corporate Action*
*16th Jun Ex Date*
ICICIPRULI
Final Dividend - Rs. - 2.0000
LINDEINDIA
Final Dividend - Rs. - 3.0000
SRTRANSFIN
Final Dividend - Rs. - 6.0000
TATAINVEST
Dividend - Rs. - 24.0000
*Today's Key Results/Board Meetings*
*16-Jun-21*
AREYDRG
General;Preferential Issue of shares
ASAHIINDIA
Audited Results;Dividend;Quarterly Results
ASHOKALC
Audited Results
BNRUDY
Audited Results;General
CESC
Audited Results;Stock Split
COMSYN
Audited Results
CONTILI
Audited Results
DALALSTCOM
Audited Results;General
DCAL
Employees Stock Option Plan;General
DHRUV
General
DIAMINESQ
Employees Stock Option Plan;General
DICIND
Quarterly Results
EASUN
General
EKI
Audited Results;Employees Stock Option Plan
FEDERALBNK
General
GEL
Audited Results;Half Yearly Results
GODAVARI
Audited Results
HARDCAS
Audited Results;General
INDOASIAF
Audited Results
INDPRUD
A.G.M.;Amalgamation;Audited Results;Dividend;Quarterly Results
J&KBANK
General
KAKATCEM
Audited Results;Final Dividend
KRANTI
Bonus issue;General
LOKESHMACH
Audited Results
MANAKSTELTD
Audited Results
NEXTMEDIA
Audited Results;Quarterly Results
NURECA
Audited Results;Final Dividend;General
OLECTRA
Audited Results
PANAENERG
Audited Results;Dividend
PRIMEFRESH
Audited Results;Half Yearly Results
PRITIKAUTO
Audited Results;General;Quarterly Results
PUNCTRD
Audited Results;Quarterly Results
RITES
Audited Results;Final Dividend
ROSEMER
Audited Results
RPSGVENT
Audited Results
SBC
Audited Results
SHREMETAL
Audited Results;General
SOMANYCERA
Audited Results;Final Dividend;General
TELESYS
Audited Results;General
WELENT
Audited Results;Final Dividend
*Stock under F&O ban on NSE*
*16-Jun-21*
1ADANIPORTS
2CANBK
3ESCORTS
4NATIONALUM
5PNB
6SUNTV
GM jsk stock in news amarraja, geshipping,sci,mmtc,ongc,BEML,kalyanjew, jubiliant pharmo,tatapower,abanoff,selzer,Glenmark,wipro,techmah,marksan,rites,pfc,nureca, lupin, jubiliant food,gati,snowman. Negative stocks newzensoft,nelcast,NMDC,asianpaint,Berger, Nicolas. Nifty range 15725-15900.
Who’s Meeting Whom
Surya Roshni: To meet PhillipCapital (India) on June 16.
VIP Industries: To meet Enam AMC on June 16.
Bajaj Electricals: To meet PhillipCapital (India) on June 17.
Surya Roshni: To meet PhillipCapital (India) on June 16.
VIP Industries: To meet Enam AMC on June 16.
Bajaj Electricals: To meet PhillipCapital (India) on June 17.
Money Market Update
The rupee ended at 73.30 against the U.S. Dollar on Tuesday as compared to Monday's closing of 73.27.
The rupee ended at 73.30 against the U.S. Dollar on Tuesday as compared to Monday's closing of 73.27.
Trading Tweaks
Ex-Date AGM: Bank of Maharashtra, Tejas Networks
Ex-Date Dividend: ICICI Prudential Life Insurance Company, Linde India, Tata Investment Corporation, Shriram Transport Finance Company
Price Band Revised From 10% To 5%: Arshiya, Future Lifestyle Fashions, Future Retail, Future Supply Chain Solutions, Jaiprakash Associates
Price Band Revised From 20% To 10%: Future Consumer, Reliance Industrial Infrastructure, Sarda Energy & Minerals
Move Into ASM Framework: HEG, Sarda Energy & Minerals, Godawari Power & Ispat, eClerx Services
Move Into Short-Term ASM Framework: Reliance Industrial Infrastructure
Move Out Of Short-Term ASM Framework: IndoStar Capital Finance, Spandana Sphoorty Financial, Ador Welding, Suzlon Energy, Religare Enterprises, IIFL Securities
Ex-Date AGM: Bank of Maharashtra, Tejas Networks
Ex-Date Dividend: ICICI Prudential Life Insurance Company, Linde India, Tata Investment Corporation, Shriram Transport Finance Company
Price Band Revised From 10% To 5%: Arshiya, Future Lifestyle Fashions, Future Retail, Future Supply Chain Solutions, Jaiprakash Associates
Price Band Revised From 20% To 10%: Future Consumer, Reliance Industrial Infrastructure, Sarda Energy & Minerals
Move Into ASM Framework: HEG, Sarda Energy & Minerals, Godawari Power & Ispat, eClerx Services
Move Into Short-Term ASM Framework: Reliance Industrial Infrastructure
Move Out Of Short-Term ASM Framework: IndoStar Capital Finance, Spandana Sphoorty Financial, Ador Welding, Suzlon Energy, Religare Enterprises, IIFL Securities
╭───────────────────╮
🌄 *S̴h̴u̴b̴o̴u̴d̴h̴a̴y̴a : 16 Jun/जेस्ट मासा (Wednesday) ग्रीष्म ऋतू*🙏🏻
╰───────────────────╯
*Today's top News* ➣➣➣➣➣➣➣➣➣➣➣➣➣➣
1. The Health Ministry said that pre-registration through online CoWIN and prior booking of appointment is not mandatory to get the Covid-19 vaccine.
2. The Jharkhand govt has announced black fungus as an epidemic.
3. Chandigarh administration eases COVID restrictions & announced that all shops will remain open from 10 am to 7 pm in the city, despite a daily night curfew being in force.
4. A court in New Delhi on 15 June deferred immediate release of Jawaharlal Nehru University students Devangana Kalita and Natasha Narwal, who have been granted bail by the Delhi high court in the riots 'conspiracy' case. The high court granted them bail and directed them to furnish a personal bond of Rs 50,000 each along with two sureties of the like amount.
5. The three student activists were arrested in May 2020 and are accused of being the "masterminds" of the February 2020 violence, which had left 53 people dead and hundreds injured. Narwal, along with 17 others, are accused in the case.
6. Maharashtra govt to provide Rs. 5 lakh assistance to children who have lost their parents during Corona period.
7. Jal Shakti Ministry has urged all the MPs to participate and support Jal Shakti Abhiyan. Minister of State for Jal Shakti Rattan Lal Kataria said.
8. Six suspended Bahujan Samaj Party (BSP) lawmakers on Tuesday met Samajwadi Party (SP) chief Akhilesh Yadav, who said the rebel legislators will join his party ahead of assembly polls in Uttar Pradesh scheduled early next year.
9. Two more persons have been arrested by the National Investigation Agency (NIA) in the case of explosives-laden SUV found near the residence of industrialist Mukesh Ambani.
10. Bharat Biotech - the vaccine maker of Covaxin said that the supply price of COVAXIN to Centre at ₹150/dose, is a non-competitive price and clearly not sustainable in the long run. Therefore it requires higher price in private markets.
11. *The Haryana government gave nod to increase pension financial assistance under social security schemes with effect from April 1.* The Cabinet increased old-age pension and the assistance for widows, handicapped, girl child and eunuchs from Rs 2,250 to Rs 2,500 per month. Financial assistance given to destitute children has been increased from Rs 1,350 to Rs 1,600/month & the assistance to disabled children not going schools has been hiked from Rs 1,650 to Rs 1,950 per month.
12. Chirag Paswan removed as LJP chief a day after coup: The two Lok Janshakti Party factions headed by Chirag Paswan and Pashupati Kumar Paras moved swiftly to take control of the party as a national executive meeting of the organisation expelled five MPs while the Paras-led group removed Paswan as its president.
13. *Karnataka imposes restrictions under Sec 144 in Bengaluru city limits till June 21* : The virus claimed 125 lives, including 23 in Bengaluru, taking the state's death toll to 32,913 and the city's toll to 15,307 since the pandemic broke out in mid-March a year ago.
14. The Central Board of Secondary Education (CBSE) has formed a committee to decide the evaluation criteria for computation of Class 12 results. The committee will submit its report on 18 June, 2021.
15. Today (16 June) Bollywood actor turned Politician Mithun Chakraborty is celebrating his 70th Birthday. Born on 16 June 1950 Barishal, Bangladesh.
16. An IndiGo flight had a lucky escape when one of its tyres burst on landing in Hubli, Karnataka on 14 June evening. IndiGo flight 6E-7979, an ATR, had landed in Hubli from Kannur in Kerala when its tire burst upon landing. All are safe.
17. Mazagon Dock Shipbuilders Ltd (MDSL) will deliver the first of the four stealth guided missile destroyers to the Indian Navy by October and a Scorpene-class submarine by the end of the fiscal year. Mazagon Dock Limited, is a shipyard situated in Mazagaon, Bombay.
🌄 *S̴h̴u̴b̴o̴u̴d̴h̴a̴y̴a : 16 Jun/जेस्ट मासा (Wednesday) ग्रीष्म ऋतू*🙏🏻
╰───────────────────╯
*Today's top News* ➣➣➣➣➣➣➣➣➣➣➣➣➣➣
1. The Health Ministry said that pre-registration through online CoWIN and prior booking of appointment is not mandatory to get the Covid-19 vaccine.
2. The Jharkhand govt has announced black fungus as an epidemic.
3. Chandigarh administration eases COVID restrictions & announced that all shops will remain open from 10 am to 7 pm in the city, despite a daily night curfew being in force.
4. A court in New Delhi on 15 June deferred immediate release of Jawaharlal Nehru University students Devangana Kalita and Natasha Narwal, who have been granted bail by the Delhi high court in the riots 'conspiracy' case. The high court granted them bail and directed them to furnish a personal bond of Rs 50,000 each along with two sureties of the like amount.
5. The three student activists were arrested in May 2020 and are accused of being the "masterminds" of the February 2020 violence, which had left 53 people dead and hundreds injured. Narwal, along with 17 others, are accused in the case.
6. Maharashtra govt to provide Rs. 5 lakh assistance to children who have lost their parents during Corona period.
7. Jal Shakti Ministry has urged all the MPs to participate and support Jal Shakti Abhiyan. Minister of State for Jal Shakti Rattan Lal Kataria said.
8. Six suspended Bahujan Samaj Party (BSP) lawmakers on Tuesday met Samajwadi Party (SP) chief Akhilesh Yadav, who said the rebel legislators will join his party ahead of assembly polls in Uttar Pradesh scheduled early next year.
9. Two more persons have been arrested by the National Investigation Agency (NIA) in the case of explosives-laden SUV found near the residence of industrialist Mukesh Ambani.
10. Bharat Biotech - the vaccine maker of Covaxin said that the supply price of COVAXIN to Centre at ₹150/dose, is a non-competitive price and clearly not sustainable in the long run. Therefore it requires higher price in private markets.
11. *The Haryana government gave nod to increase pension financial assistance under social security schemes with effect from April 1.* The Cabinet increased old-age pension and the assistance for widows, handicapped, girl child and eunuchs from Rs 2,250 to Rs 2,500 per month. Financial assistance given to destitute children has been increased from Rs 1,350 to Rs 1,600/month & the assistance to disabled children not going schools has been hiked from Rs 1,650 to Rs 1,950 per month.
12. Chirag Paswan removed as LJP chief a day after coup: The two Lok Janshakti Party factions headed by Chirag Paswan and Pashupati Kumar Paras moved swiftly to take control of the party as a national executive meeting of the organisation expelled five MPs while the Paras-led group removed Paswan as its president.
13. *Karnataka imposes restrictions under Sec 144 in Bengaluru city limits till June 21* : The virus claimed 125 lives, including 23 in Bengaluru, taking the state's death toll to 32,913 and the city's toll to 15,307 since the pandemic broke out in mid-March a year ago.
14. The Central Board of Secondary Education (CBSE) has formed a committee to decide the evaluation criteria for computation of Class 12 results. The committee will submit its report on 18 June, 2021.
15. Today (16 June) Bollywood actor turned Politician Mithun Chakraborty is celebrating his 70th Birthday. Born on 16 June 1950 Barishal, Bangladesh.
16. An IndiGo flight had a lucky escape when one of its tyres burst on landing in Hubli, Karnataka on 14 June evening. IndiGo flight 6E-7979, an ATR, had landed in Hubli from Kannur in Kerala when its tire burst upon landing. All are safe.
17. Mazagon Dock Shipbuilders Ltd (MDSL) will deliver the first of the four stealth guided missile destroyers to the Indian Navy by October and a Scorpene-class submarine by the end of the fiscal year. Mazagon Dock Limited, is a shipyard situated in Mazagaon, Bombay.
It manufactures warships and submarines for the Indian Navy and offshore platforms and associated support vessels for offshore oil drilling. It also builds tankers, cargo bulk carriers, passenger ships and ferries.
18. An encounter broke out between terrorists and security forces in Wagura area of Naugam, on the outskirts of Srinagar yesterday (15June) evening.
19. Army chief General MM Naravane on Tuesday paid homage to the Indian soldiers martyred in the Glawan Valley clash against the Chinese forces last year.
20. The Indian Army has released a video song in a tribute to the Indian soldiers who fought valiantly in a fierce hand-to-hand combat with Chinese troops in the treacherous region of eastern Ladakh to defend India’s territorial integrity
21. *ASC Centre Defence Ministry Recruitment 2021:* ASC Centre (South)-2 ATC, Ministry of Defence has invited applications for various Group C posts, including, Civil Motor Driver, Cleaner, Cook and Civilian Catering Instructor. The advertisement for ASC Centre Defence Ministry Group C postswas published in the Employment news on June 12.
*✈INTERNATIONAL NEWS*
1. *India will get delivery of the first three of 24 MH-60R Seahawk helicopters next month,* manufactured by the US-based Sikorsky-Lockheed Martin. The fourth-generation MH-60R ‘Romeo’ helicopters will replace India’s British Sea King helicopters acquired in the 1970s.
2. *India likely to join B3W project to counter China’s BRI* ; India-SA TRIPS proposal gets support at G7
- India and the G-7 member countries have agreed on an infrastructural proposal of Build Back Better World (B3W) as an alternative to the Chinese Belt and Road (BRI). Keeping in mind the principles of “transparency and inclusion’’, this was endorsed at the G7 summit.
3. *External Affairs Minister S Jaishankar met with his Qatari counterpart Mohammed bin Abdulrahman Al-Thani in Doha* . Both the leaders discussed bilateral cooperation and exchanged views on regional and global issues. This is the minister’s 2nd visit to the Gulf nation in less than a week’s time.
4. *Supreme Court closes murder case against 2 Italian Marines* . More than nine years after two Italian Marines killed two fishermen off the coast in Kerala, Two victims' families to get Rs 4 crore each, Rs 2 crore to be given to boat's owner.
*🌎WORLD NEWS🌍*
1. *The govt of Bangladesh has authorised Johnson and Johnson single dose COVID vaccine for emergency use in the country.*
2. Twenty-eight Chinese air force aircraft, including fighters and nuclear-capable bombers, entered Taiwan's air defence identification zone (ADIZ) on Tuesday, the island's government said, the largest reported incursion.
3. 25 killed in gas explosion in Hubei, China. The blast occurred on Sunday (13 June) that ripped through the market in the city of Shiyan which injured 138 people. Chinese President Xi Jinping has called for a thorough investigation into the cause of the blast.
4. The National Investigation Agency has announced a reward of 10 lakh rupees for information on two suspects in the Israel embassy blast case.
5. Recent commercial satellite imagery reveals that China has made substantial progress in the construction of its third aircraft carrier, commonly known as the Type 003. The vessel is slated to become the largest surface combatant in the Chinese People’s Liberation Army Navy (PLAN) and significantly upgrade China’s naval capabilities.
6. Saudi Arabia cancels Haj performance for foreign pilgrims this year in view of COVID-19 pandemic. Saudi has decided to allow citizens and residents inside the Kingdom only to attend Haj in limited numbers.
*🚣🚴🏇🏁🏊Sports:*
1. Today Birthday of Cotah Ramaswami (born 16 June 1896- Jan 1990) was a double sports international who represented India in both cricket and tennis.
18. An encounter broke out between terrorists and security forces in Wagura area of Naugam, on the outskirts of Srinagar yesterday (15June) evening.
19. Army chief General MM Naravane on Tuesday paid homage to the Indian soldiers martyred in the Glawan Valley clash against the Chinese forces last year.
20. The Indian Army has released a video song in a tribute to the Indian soldiers who fought valiantly in a fierce hand-to-hand combat with Chinese troops in the treacherous region of eastern Ladakh to defend India’s territorial integrity
21. *ASC Centre Defence Ministry Recruitment 2021:* ASC Centre (South)-2 ATC, Ministry of Defence has invited applications for various Group C posts, including, Civil Motor Driver, Cleaner, Cook and Civilian Catering Instructor. The advertisement for ASC Centre Defence Ministry Group C postswas published in the Employment news on June 12.
*✈INTERNATIONAL NEWS*
1. *India will get delivery of the first three of 24 MH-60R Seahawk helicopters next month,* manufactured by the US-based Sikorsky-Lockheed Martin. The fourth-generation MH-60R ‘Romeo’ helicopters will replace India’s British Sea King helicopters acquired in the 1970s.
2. *India likely to join B3W project to counter China’s BRI* ; India-SA TRIPS proposal gets support at G7
- India and the G-7 member countries have agreed on an infrastructural proposal of Build Back Better World (B3W) as an alternative to the Chinese Belt and Road (BRI). Keeping in mind the principles of “transparency and inclusion’’, this was endorsed at the G7 summit.
3. *External Affairs Minister S Jaishankar met with his Qatari counterpart Mohammed bin Abdulrahman Al-Thani in Doha* . Both the leaders discussed bilateral cooperation and exchanged views on regional and global issues. This is the minister’s 2nd visit to the Gulf nation in less than a week’s time.
4. *Supreme Court closes murder case against 2 Italian Marines* . More than nine years after two Italian Marines killed two fishermen off the coast in Kerala, Two victims' families to get Rs 4 crore each, Rs 2 crore to be given to boat's owner.
*🌎WORLD NEWS🌍*
1. *The govt of Bangladesh has authorised Johnson and Johnson single dose COVID vaccine for emergency use in the country.*
2. Twenty-eight Chinese air force aircraft, including fighters and nuclear-capable bombers, entered Taiwan's air defence identification zone (ADIZ) on Tuesday, the island's government said, the largest reported incursion.
3. 25 killed in gas explosion in Hubei, China. The blast occurred on Sunday (13 June) that ripped through the market in the city of Shiyan which injured 138 people. Chinese President Xi Jinping has called for a thorough investigation into the cause of the blast.
4. The National Investigation Agency has announced a reward of 10 lakh rupees for information on two suspects in the Israel embassy blast case.
5. Recent commercial satellite imagery reveals that China has made substantial progress in the construction of its third aircraft carrier, commonly known as the Type 003. The vessel is slated to become the largest surface combatant in the Chinese People’s Liberation Army Navy (PLAN) and significantly upgrade China’s naval capabilities.
6. Saudi Arabia cancels Haj performance for foreign pilgrims this year in view of COVID-19 pandemic. Saudi has decided to allow citizens and residents inside the Kingdom only to attend Haj in limited numbers.
*🚣🚴🏇🏁🏊Sports:*
1. Today Birthday of Cotah Ramaswami (born 16 June 1896- Jan 1990) was a double sports international who represented India in both cricket and tennis.