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FREE EDUCATIONAL TELEGRAM CHANNEL
Disclaimer : This channel DOES NOT provide any stock market related advice or recommendation
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED !!!
https://t.me/marketswizard
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Market Wizard
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Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Financial News Bulletin Dt.21st June, 2021 forwarded by Allahabad Bank Employees' Union-APTS- affiliated to All India Bank Employees' Association (AIBEA)
The Finance Industry Development Council (FIDC) has urged the Ministry of Micro, Small & Medium Enterprises (MSME) to address issues faced by MSME borrowers and the NBFCs catering to these enterprises. The industry body of retail NBFCs had a virtual meeting with Nitin Gadkari, the Minister of MSMEs on June 15. On Friday, FIDC wrote to the minister outlining the needs of the sector. FIDC in its letter has requested the loop minister to include wholesale and retail trade in the list of activities allowed for registration as MSME and also make consequent changes to the 'Udyam' portal.
-Business Standard
Bank of Maharashtra has become top performer among public sector lenders in terms of retail and MSME loan growth during 2020-21. The bank recorded a 35% growth in MSME loans at Rs 23,133 Cr in 2020-21, according to the Bank of Maharashtra data. It was followed by the Indian Bank which posted a 15.22% growth in loan disbursal to MSMEs with aggregate loans at Rs 70,180 crore at the end of March 2021. When it came to loans to retail, Bank of Maharashtra with nearly 25.61% growth was ahead of even the SBI which recorded 16.47% rise.
-Business Standard
Karnataka Bank has declared accounts of Reliance Home Finance and Reliance Commercial Finance a fruad with combined loan outstandings of over Rs 160 Cr to the lender. The bank has reported to the RBI regarding frauds in the credit facilities extended earlier to two listed companies -- Reliance Home Finance with loan outstanding of Rs 21.94 Cr and Reliance Commercial Finance Rs 138.41 Cr as fraud, Karnataka Bank said in a regulatory filing.
-Economic Times
The joint venture floated by Centrum Group and digital payments startup Bharatpe for launching a small finance bank will infuse Rs 1,800 Cr capital into troubled Punjab & Maharashtra Cooperative Bank (PMC) on its merger with the proposed bank, a top Centrum official has said.
-Economic Times
Mumbai-based NBFC Authum Investment and Infrastructure has been declared as the preferred bidder for Anil Ambani's debt laden Reliance Home Finance with over 90% of the creditors voting for the Co. Saturday was the last date for the voting which started on May 31 and creditors which included private and public sector banks and bondholders selected Authum to take over the Co.
-Economic Times
SEBI has asked mortgage lender PNB Housing Finance to temporarily halt its proposed share sale programme. On 31 May, investors led by Carlyle Group announced an investment of ₹4,000 Cr in PNB Housing Finance.
-Livemint
The Centre has extended the tenure of appointment of Ananta Barua as Whole-time Member of the SEBI for a period of two years beyond July 31.
-Business Line
Worried by rising claims and low premium, insurers have approached the IRDAI for a re-pricing of the Corona Kavach and Corona Rakshak policies. Insurers point out that these low ticket policies were expected to be for a short duration, but with the pandemic continuing, they are turning out to be expensive propositions for them and hitting their balance sheets.
-Business Line
Foreign portfolio investors (FPIs) pumped in a net Rs 13,667 Cr so far in June as Indian markets continued to remain attractive to overseas investors. However, market experts noted that FPIs withdrew money from Indian equities this week. According to depositories data, FPIs invested Rs 15,312 Cr in equities between June 1 and June 18.
-Moneycontrol.com
4 of the top 10 most valued firms cumulatively added Rs 68,458.72 Cr in market capitalisation (m-cap) last week. SBI's valuation diminished by Rs 14,948.73 Cr to Rs 3,68,407.96 Cr and that of HDFC declined Rs 12,796.03 Cr to Rs 4,49,176.18 Cr. The market capitalisation of Kotak Mahindra Bank dipped Rs 6,908.63 Cr to Rs 3,49,019.23 Cr and that of ICICI Bank dived Rs 3,644.88 Cr to Rs 4,36,390.78 Cr.
The Finance Industry Development Council (FIDC) has urged the Ministry of Micro, Small & Medium Enterprises (MSME) to address issues faced by MSME borrowers and the NBFCs catering to these enterprises. The industry body of retail NBFCs had a virtual meeting with Nitin Gadkari, the Minister of MSMEs on June 15. On Friday, FIDC wrote to the minister outlining the needs of the sector. FIDC in its letter has requested the loop minister to include wholesale and retail trade in the list of activities allowed for registration as MSME and also make consequent changes to the 'Udyam' portal.
-Business Standard
Bank of Maharashtra has become top performer among public sector lenders in terms of retail and MSME loan growth during 2020-21. The bank recorded a 35% growth in MSME loans at Rs 23,133 Cr in 2020-21, according to the Bank of Maharashtra data. It was followed by the Indian Bank which posted a 15.22% growth in loan disbursal to MSMEs with aggregate loans at Rs 70,180 crore at the end of March 2021. When it came to loans to retail, Bank of Maharashtra with nearly 25.61% growth was ahead of even the SBI which recorded 16.47% rise.
-Business Standard
Karnataka Bank has declared accounts of Reliance Home Finance and Reliance Commercial Finance a fruad with combined loan outstandings of over Rs 160 Cr to the lender. The bank has reported to the RBI regarding frauds in the credit facilities extended earlier to two listed companies -- Reliance Home Finance with loan outstanding of Rs 21.94 Cr and Reliance Commercial Finance Rs 138.41 Cr as fraud, Karnataka Bank said in a regulatory filing.
-Economic Times
The joint venture floated by Centrum Group and digital payments startup Bharatpe for launching a small finance bank will infuse Rs 1,800 Cr capital into troubled Punjab & Maharashtra Cooperative Bank (PMC) on its merger with the proposed bank, a top Centrum official has said.
-Economic Times
Mumbai-based NBFC Authum Investment and Infrastructure has been declared as the preferred bidder for Anil Ambani's debt laden Reliance Home Finance with over 90% of the creditors voting for the Co. Saturday was the last date for the voting which started on May 31 and creditors which included private and public sector banks and bondholders selected Authum to take over the Co.
-Economic Times
SEBI has asked mortgage lender PNB Housing Finance to temporarily halt its proposed share sale programme. On 31 May, investors led by Carlyle Group announced an investment of ₹4,000 Cr in PNB Housing Finance.
-Livemint
The Centre has extended the tenure of appointment of Ananta Barua as Whole-time Member of the SEBI for a period of two years beyond July 31.
-Business Line
Worried by rising claims and low premium, insurers have approached the IRDAI for a re-pricing of the Corona Kavach and Corona Rakshak policies. Insurers point out that these low ticket policies were expected to be for a short duration, but with the pandemic continuing, they are turning out to be expensive propositions for them and hitting their balance sheets.
-Business Line
Foreign portfolio investors (FPIs) pumped in a net Rs 13,667 Cr so far in June as Indian markets continued to remain attractive to overseas investors. However, market experts noted that FPIs withdrew money from Indian equities this week. According to depositories data, FPIs invested Rs 15,312 Cr in equities between June 1 and June 18.
-Moneycontrol.com
4 of the top 10 most valued firms cumulatively added Rs 68,458.72 Cr in market capitalisation (m-cap) last week. SBI's valuation diminished by Rs 14,948.73 Cr to Rs 3,68,407.96 Cr and that of HDFC declined Rs 12,796.03 Cr to Rs 4,49,176.18 Cr. The market capitalisation of Kotak Mahindra Bank dipped Rs 6,908.63 Cr to Rs 3,49,019.23 Cr and that of ICICI Bank dived Rs 3,644.88 Cr to Rs 4,36,390.78 Cr.
HDFC Bank's valuation eroded by Rs 3,503.96 Cr to reach Rs 8,16,587.81 Cr and that of Bajaj Finance dipped Rs 1,901.32 Cr to Rs 3,67,425.99 Cr. In the ranking of top-10 most valued firms, RIL maintained its numero uno status, followed by TCS, HDFC Bank, Infosys, HUL, HDFC, ICICI Bank, SBI, Bajaj Finance and Kotak Mahindra Bank. During the last week, the 30-share BSE benchmark Sensex declined 130.31 points or 0.24%.
-Business Today
-Business Today
Among financials, go for midsize, corporate facing banks: Chakri Lokapriya
https://economictimes.indiatimes.com/markets/expert-view/among-financials-go-for-midsize-corporate-facing-banks-chakri-lokapriya/articleshow/83639242.cms
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https://economictimes.indiatimes.com/markets/expert-view/among-financials-go-for-midsize-corporate-facing-banks-chakri-lokapriya/articleshow/83639242.cms
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The Economic Times
Among financials, go for midsize, corporate facing banks: Chakri Lokapriya
“Today financials are in a far stronger place than they were even pre pandemic and therefore whenever the economy revives, the banks are more ready to lend either to the corporate consumer or even the government for that matter. Consumer facing private sector…
Consumer demand may rebound strongly in Q2: Trent chairman Noel N Tata
https://mybs.in/2ZfCf6g
－shared via Business Standard iPhone App
https://mybs.in/2ZfCf6g
－shared via Business Standard iPhone App
Business-Standard
Consumer demand may rebound strongly in Q2: Trent chairman Noel N Tata
Trent will continue to focus on building out differentiated brands and accelerating its reach through stores and digital platforms, said Noel Tata
Viacom18 and Zee Entertainment in early merger talks
https://www.livemint.com/companies/news/viacom18-and-zee-entertainment-in-early-merger-talks-11624212805434.html
https://www.livemint.com/companies/news/viacom18-and-zee-entertainment-in-early-merger-talks-11624212805434.html
mint
Viacom18 and Zee Entertainment in early merger talks
The merger of Viacom18 and Zee is proposed to be done through a share swap deal. The talks started a few weeks ago, and the deal is unlikely to involve any cash transaction
Decision over flex-fuel engines in 8-10 days, says Nitin Gadkari
https://economictimes.indiatimes.com/industry/renewables/decision-over-flex-fuel-engines-in-8-10-days-says-nitin-gadkari/articleshow/83693170.cms
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https://etapp.onelink.me/tOvY/135dde21
https://economictimes.indiatimes.com/industry/renewables/decision-over-flex-fuel-engines-in-8-10-days-says-nitin-gadkari/articleshow/83693170.cms
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The Economic Times
Decision over flex-fuel engines in 8-10 days, says Nitin Gadkari
"I am transport minister, I am going to issue an order to the industry, that only petrol engines will not be there, there will be flex-fuel engines, where there will be choice for the people that they can use 100 per cent crude oil or 100 per ethanol," he…
Ahead of AGM, buzz over possible Aramco rep on RIL board and $15-bn deal update
https://www.livemint.com/companies/news/ahead-of-agm-buzz-over-possible-aramco-representative-on-ril-board-and-15-bn-deal-update-11624184615957.html
https://www.livemint.com/companies/news/ahead-of-agm-buzz-over-possible-aramco-representative-on-ril-board-and-15-bn-deal-update-11624184615957.html
mint
Ahead of AGM, buzz over possible Aramco representative on RIL board and $15-bn deal update
There is also expectation of some update on Saudi Aramco deal and speculation that the Chairman of Saudi Aramco may join RIL's board
Investors to look at EMs once Covid's worst is behind: Andrew Holland
https://mybs.in/2ZfCDXn
－shared via Business Standard iPhone App
https://mybs.in/2ZfCDXn
－shared via Business Standard iPhone App
Business-Standard
Investors to look at EMs once Covid's worst is behind: Andrew Holland
Housing and retail sales in the US are already starting to fall, CEO Holland
*Economic Times*
Ø Godrej Properties tops in sales bookings for FY21 among listed entities; overtakes Macrotech
Ø Mahindra Logistics eyes sharp business growth in H2 FY22
Ø A possible Saudi Aramco appointment on Reliance board triggers buzz over $15 billion deal
Ø FPIs invest Rs 13,667 cr in Indian markets in June so far
Ø RIL AGM, Powell testimony, F&O expiry to shape markets this week
Ø Sona Comstar, Shyam Metalics to make D-Street debut on June 24
*Financial Express*
Ø Govt open to more measures to boost economy: CEA Subramanian
Ø Life insurers may see short-term pressure on profitability due to pandemic: ICICI Pru Life
Ø FPIs invest Rs 13,667 cr in Indian markets in June so far
Ø Punjab National Bank, SBI Life among top mutual fund buys in May
*Business Standard*
Ø Adani Power to acquire 1,200 MW Essar Power's Mahan project
Ø Lenders select Authum Investment's Rs 2,900 cr bid for Reliance Home Fin
Ø Vedanta emerges as successful bidder for coal block for mining in Odisha
Ø Consumer demand may rebound in Q2 this fiscal: Trent Chairman Noel N Tata
Ø Vaccination and stimulus will make 9-9.5% growth possible: CII president
Ø Four of top-10 firms add Rs 68,458 crore in m-cap; HUL, Infosys top gainers
*Business Line*
Ø Insurers seek re-pricing of Corona Kavach, Corona Rakshak policies
Ø AAI mulls Adani’s request for time to take over 3 airports
Ø Draft cabinet note floated for 100 per cent FDI in oil PSUs: Sources
Ø Amara Raja plugs into new energy
*Mint*
Ø Proposal for 100% FDI in oil PSUs can accelerate BPCL privatisation, if approved
Ø Govt mulls extending Atmanirbhar Bharat Rojgar Yojana till March 2022
Ø Bank of Maharashtra tops PSU bank chart in MSME loan growth in FY21
Ø Leather exports jump to $641.72 mn in Apr-May 2021: industry body
Ø Godrej Properties tops in sales bookings for FY21 among listed entities; overtakes Macrotech
Ø Mahindra Logistics eyes sharp business growth in H2 FY22
Ø A possible Saudi Aramco appointment on Reliance board triggers buzz over $15 billion deal
Ø FPIs invest Rs 13,667 cr in Indian markets in June so far
Ø RIL AGM, Powell testimony, F&O expiry to shape markets this week
Ø Sona Comstar, Shyam Metalics to make D-Street debut on June 24
*Financial Express*
Ø Govt open to more measures to boost economy: CEA Subramanian
Ø Life insurers may see short-term pressure on profitability due to pandemic: ICICI Pru Life
Ø FPIs invest Rs 13,667 cr in Indian markets in June so far
Ø Punjab National Bank, SBI Life among top mutual fund buys in May
*Business Standard*
Ø Adani Power to acquire 1,200 MW Essar Power's Mahan project
Ø Lenders select Authum Investment's Rs 2,900 cr bid for Reliance Home Fin
Ø Vedanta emerges as successful bidder for coal block for mining in Odisha
Ø Consumer demand may rebound in Q2 this fiscal: Trent Chairman Noel N Tata
Ø Vaccination and stimulus will make 9-9.5% growth possible: CII president
Ø Four of top-10 firms add Rs 68,458 crore in m-cap; HUL, Infosys top gainers
*Business Line*
Ø Insurers seek re-pricing of Corona Kavach, Corona Rakshak policies
Ø AAI mulls Adani’s request for time to take over 3 airports
Ø Draft cabinet note floated for 100 per cent FDI in oil PSUs: Sources
Ø Amara Raja plugs into new energy
*Mint*
Ø Proposal for 100% FDI in oil PSUs can accelerate BPCL privatisation, if approved
Ø Govt mulls extending Atmanirbhar Bharat Rojgar Yojana till March 2022
Ø Bank of Maharashtra tops PSU bank chart in MSME loan growth in FY21
Ø Leather exports jump to $641.72 mn in Apr-May 2021: industry body
Money Market Update
The rupee ended at 73.87 against the U.S. Dollar on Friday as compared to Thursday's closing of 74.
The rupee ended at 73.87 against the U.S. Dollar on Friday as compared to Thursday's closing of 74.
Trading Tweaks
Ex-Date Interim Dividend: Info Edge (India)
Ex-Date Final Dividend: Supreme Industries
Ex-Date AGM: JSW Holdings, Angel Broking
Ex-Date Stock Split: GG Engineering
Record Date Final Dividend: Balkrishna Industries
Price Band Revised From 10% To 5%: Sarda Energy & Minerals
Move Into Short-Term ASM Framework: Nahar Spinning Mills, Ador Welding
Move Out Of Short-Term ASM Framework DB Realty, HSIL, Jaiprakash Power Ventures, RattanIndia Power
Move Into ASM Framework: Jaiprakash Power Ventures, RattanIndia Power, Dwarikesh Sugar Industries, Globus Spirits, Bajaj Hindusthan Sugar, Parsvnath Developers
Move Out Of ASM Framework: Suven Pharmaceuticals, Genus Power Infrastructures, Prism Johnson, Ganesh Housing Corporation, Jain Irrigation Systems
Ex-Date Interim Dividend: Info Edge (India)
Ex-Date Final Dividend: Supreme Industries
Ex-Date AGM: JSW Holdings, Angel Broking
Ex-Date Stock Split: GG Engineering
Record Date Final Dividend: Balkrishna Industries
Price Band Revised From 10% To 5%: Sarda Energy & Minerals
Move Into Short-Term ASM Framework: Nahar Spinning Mills, Ador Welding
Move Out Of Short-Term ASM Framework DB Realty, HSIL, Jaiprakash Power Ventures, RattanIndia Power
Move Into ASM Framework: Jaiprakash Power Ventures, RattanIndia Power, Dwarikesh Sugar Industries, Globus Spirits, Bajaj Hindusthan Sugar, Parsvnath Developers
Move Out Of ASM Framework: Suven Pharmaceuticals, Genus Power Infrastructures, Prism Johnson, Ganesh Housing Corporation, Jain Irrigation Systems
Who’s Meeting Whom
Gati: To meet ITI Mutual Fund and Ambit Capital on June 22.
Mahindra Logistics: To meet Wellington Management on June 22 and Burman Family Holdings on June 24.
Magma Fincorp: To meet International Finance Corporation on June 21.
Radico Khaitan: To meet Elo Pension Fund on June 21 and Principal AMC and First State Investors on June 22.
Tata Motors: To meet Nomura on June 22.
Gati: To meet ITI Mutual Fund and Ambit Capital on June 22.
Mahindra Logistics: To meet Wellington Management on June 22 and Burman Family Holdings on June 24.
Magma Fincorp: To meet International Finance Corporation on June 21.
Radico Khaitan: To meet Elo Pension Fund on June 21 and Principal AMC and First State Investors on June 22.
Tata Motors: To meet Nomura on June 22.
Insider Trades
Advanced Enzyme Technologies: Promoter Advanced Vital Enzymes sold 31.15 lakh shares between June 16-17.
Asian Granito India: Promoter Kamleshkumar Patel sold 1.50 lakh shares on June 17.
Aarti Industries: Promoter Sarla Shah sold 5,000 shares on June 14.
GHCL: Promoter Ram Krishna Dalmia Foundation sold 5,000 shares on June 16.
KEI Industries: Promoter Anil Gupta sold 4 lakh shares on June 16.
Kabra Extrusiontechnik: Promoter Kolsite Industries bought 3,000 shares between June 15-16.
Advanced Enzyme Technologies: Promoter Advanced Vital Enzymes sold 31.15 lakh shares between June 16-17.
Asian Granito India: Promoter Kamleshkumar Patel sold 1.50 lakh shares on June 17.
Aarti Industries: Promoter Sarla Shah sold 5,000 shares on June 14.
GHCL: Promoter Ram Krishna Dalmia Foundation sold 5,000 shares on June 16.
KEI Industries: Promoter Anil Gupta sold 4 lakh shares on June 16.
Kabra Extrusiontechnik: Promoter Kolsite Industries bought 3,000 shares between June 15-16.
Pledge Share Details
Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 3 lakh shares on June 16.
JSW Holdings: Promoter Siddeshwari Tradex created a pledge of 8.75 lakh shares on June 17.
Tilaknagar Industries: Promoter Amit Dahanukar revoked pledge of 15.50 lakh shares between June 11-15.
Zee Learn: Promoter Essel Media Ventures invoked pledge of 1 crore shares on June 15
Zee Media Corporation: Promoter 25FPS Media invoked pledge of 1.60 crore shares on June 15.
Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 3 lakh shares on June 16.
JSW Holdings: Promoter Siddeshwari Tradex created a pledge of 8.75 lakh shares on June 17.
Tilaknagar Industries: Promoter Amit Dahanukar revoked pledge of 15.50 lakh shares between June 11-15.
Zee Learn: Promoter Essel Media Ventures invoked pledge of 1 crore shares on June 15
Zee Media Corporation: Promoter 25FPS Media invoked pledge of 1.60 crore shares on June 15.