Market Wizard
12.7K subscribers
63.8K photos
12 videos
1.16K files
21.3K links
FREE FINANCIAL EDUCATIONAL CHANNEL

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!!!
Download Telegram
🌟Good Morning All🌟

☀️ BSC Exclusive Morning Market News & Update☀️

🔹NMDC: Government to sell 7.49% of the company's equity through an offer for sale. The initial plan is for the sale of 11.72 crore shares or 4% of the total equity with a green shoe option to sell another 10.22 crore shares or 3.49% of the total equity. The floor price of Rs 165 per share is at a discount of 5.87% to Monday's closing price. The OFS opens for non-retail investors today and for retail investors tomorrow.

🔹NTPC: The wholly-subsidiary of the company, NTPC Vidyut Vyapar Nigam, has invited bids for e-buses in Delhi, Leh.

🔹CG Power and Industrial Solutions: Allotment of 1.38 crore shares worth Rs 101.2 crore to Standard Chartered Bank (Singapore) completed. SCB now holds 1.02% of the paid-up equity share capital of the company.

🔹Religare Enterprises: Shareholders approved the Rs 570 crore preferential issue of fresh equity shares at a price of Rs 105.25 per share to existing shareholders like Burman family & Ares SSG Capital and selected new marquee investors.

🔹Piramal Enterprises: Approved the allotment of 1,250 secured NCDs at issue price of Rs 10.01 lakh per debenture, aggregating to Rs 125.19 crore on private placement basis.

🔹Vakrangee: Partnered with EDUSAKSHAM an EdTech startup by IIT Alumni, to offer online tuition/live classes, e-Learning courses, practice and assessment-based modules to the customers under highly emerging sector of online education domain.

🔹Maruti Suzuki India: Total production in June up 226% to 1,65,576 units Vs 50,742 units last year.

🔹Force Motors: The company’s total production in June stood at 1,757 units. It reported domestic sales of 1,501 units and exports of 424 units.

🔹Alembic: The company said its bulk drugs business continues to remain under pressure. “Despite persistent efforts by the management to improve efficiency and reduce overheads, the business incurred losses during the year. The company continues to work towards right sizing its operations. The bulk drugs business will remain under pressure due to competitive business scenarios as well as the ever-increasing capital-intensive asset modernisation and refurbishment of manufacturing facilities requirements. The business faces an uncertain future, despite our sincere efforts.”

Pledge Share Details

💫Adani Transmission: Promoter Adani Tradeline LLP created a pledge of 66.06 lakh shares between July 2-3.

💫HFCL: Promoters (MN Ventures, Nextwave Communications and Anant Nahata) revoked pledge of 18.11 crore shares between July 2-3.

💫JSW Steel: Promoter JTPM Metal Traders revoked pledge of 5.84 lakh shares between June 29-30.

💫Prime Focus: Promoter Naresh Malhotra revoked pledge of 93.60 lakh shares on June 1.

💫SH Kelkar and Company: Promoters (Keva Constructions and Kedar Vaze) created a pledge of 50 lakh shares on June 29.

Who’s Meeting Whom

🔸Affle (India): To meet Malabar Investments on July 6 and Franklin Templeton and Janchor Partners on July 7.

🔸Deepak Fertilisers and Petrochemicals Corporation: To meet Mirae Asset Capital Markets (India) on July 6.

Trading Tweaks

🍁Ex-Date Bonus Issue: Bansal Roofing Products

🍁Ex-Date Dividend: Century Textiles & Industries, Ponni Sugars (Erode), SKF India

🍁Ex-Date Final Dividend: JMC Projects (India), Natural Capsules, Piramal Enterprises

🍁Price Band Revised From 10% To 5%: Jain Irrigation Systems, Uttam Sugar Mills

🍁Price Band Revised From 20% To 10%: Apex Frozen Foods, HFCL, Newgen Software Technologies, Steel Exchange India

🍁Move Into Short-Term ASM Framework: Alicon Castalloy, Happiest Minds Technologies

🍁Move Out Of Short-Term ASM Framework: BL Kashyap and Sons, Den Networks, Zee Media Corporation, Sharda Motor Industries

🍁Move Into ASM Framework: Zee Media Corporation, Rupa & Company, Olectra Greentech, Steel Exchange India, Rajratan Global Wire, Bajaj Hindusthan Sugar

Money Market Update

🔆The rupee ended at 74.31 against the U.S. Dollar on Monday as compared to Friday's closing of 74.74.
🏦 Financial News Bulletin Dt.6th July, 2021 forwarded by Allahabad Bank Employees' Union-APTS- affiliated to All India Bank Employees' Association (AIBEA)

The RBI today announced the open market purchase of Government bonds worth Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on July 8. On July 4, RBI Governor Shaktikanta Das had announced that the central bank will conduct the open market purchase of government securities of Rs 1.2 lakh crore under the G-SAP 2.0 in Q2 of the financial year 2021-22 to support the market. This is the first round of purchases under G-SAP 2.0.
-Business Line

Private sector banks reported a steady increase in deposits in the provisional data for the quarter-ended June 30, 2021, though advances remained subdued amidst localised lockdowns that impacted business activity. However, bucking the trend, HDFC Bank reported a 14.4% growth in its advances to about ₹11,47,500 crore as of June 30, 2021 compared to ₹10,03,300 crore a year ago.
-Business Line

Loans against gold jewellery seem to have become a veritable gold mine for banks, going by the rapid growth in their portfolio in FY21. This is underscored by the fact that the portfolio of banks swelled 81.6% year-on-year (y-o-y) to ₹60,464 crore as on March 26, 2021, against ₹33,303 crore as on March 27, 2020, as per RBI data.
-Business LiLine

IndusInd Bank witnessed a 7% growth in its net advances to more than ₹2.11 lakh crore at the end of June this year, according to a regulatory filing. The net advances stood at ₹1.98 lakh crore at the end of June 30, 2020. On a quarter-on-quarter basis, the net advances were down 1 per cent from ₹2.13 lakh crore recorded at the end of March 2021, the bank said in the regulatory filing today.
-Livemint

Axis Bank will keep its focus on scaling up subsidiaries to let these companies gain more prominence in their respective segments, chief executive Amitabh Chaudhry said in its FY21 annual report.
-Livemint

There has been a substantial fall in the installation of point-of-sale (PoS) machines in India. By Q1 2021, the PoS terminal count came down to 4.72 million in March 2021, from an all-time high of 6.03 million in January 2021. According to the Worldline India Digital Payments Report for Q1 2021, the new number likely reflects a more realistic number of the terminals deployed. Industry sources said one reason for the fall is a growing realisation that in-store shopping could take some time to return in a big way owing to the pandemic.
-Business Standard

Digital financial services platform Paytm has launched Postpaid Mini, an extension of its Buy Now, Pay Later service, to drive affordability amongst those new to credit. The small-ticket instant loans will give flexibility to users to maintain liquidity during the Covid pandemic. This service has been launched in partnership with Aditya Birla Finance Ltd.
-Business Line

Market regulator Sebi today issued a detailed framework for penalising market infrastructure institutions (MIIs)— which includes stock exchanges, clearing corporations and depositories— for technical glitches.
-Business Standard

Shares of CSB Bank hit a record high of Rs 372.95, up 7% on the BSE in intra-day trade on Monday after the lender released a business update for the April-June quarter of the financial year 2021-22 (Q1FY22). The stock surpassed its previous high of Rs 362.50 touched on June 30, 2021.
-Business Standard

USD /INR 74.31
Sensex 52880.0 (+395.33)
BSE Bankex 39898.13 (+446.71)
Nifty 50 15834.35 (+112.15)
Nifty Bank 35212.0 (+402.10)
*Economic Times*
Ø Tata Motors plans to hike passenger vehicles prices
Ø FMCG cos see double-digit sales growth in June quarter amid pandemic
Ø Online fashion brand Tjori signs Rs 16 crore equity deal with Hindustan Times
Ø Heranba Industries gets environmental clearance for Rs 110 crore expansion plan
Ø M&M to give its marketing structure a big digital boost
Ø Cash-strapped Vi planning to monetise assets to raise $1 billion
Ø OneWeb in talks to reduce access terminal costs, says Sunil Mittal
Ø IndusInd Bank June-end net advances up 7% at Rs 2.11 lakh cr
Ø Govt to sell up to 7.49% equity in NMDC Ltd through OFS
Ø Corporate buybacks gain steam with banks poised to boost buying
Ø MCX and Europe's EEX sign MoU to share knowledge and expertise on electricity derivative products

*Business Standard*
Ø Zomato's mega IPO gets Sebi nod, may hit market as early as this month
Ø Kotak Pre-IPO AIF raises Rs 1,386 cr, to invest in tech-focused businesses
Ø Steel companies reduce prices by Rs 1,200-2,000 a tonne across products
Ø Govt extends timeline for feedback on draft e-commerce rules to July 21
Ø Sebi announces new rules to make bourses pay for technical glitches
Ø Govt not to impose anti-dumping duty on certain copper items import
Ø India's June services activity shrinks at fastest rate in 11-months
Ø Icra cuts cement, road logistic growth outlook for FY22 due to second wave
Ø Demand from Western markets helped Indian Textile sector stay afloat
Ø Paytm to file draft prospectus next week for $2.3-bn IPO: Report

*Financial Express*
Ø No case for auction of satcom spectrum: Bharti Group Chairman Sunil Mittal
Ø Restaurant body NRAI approaches CCI on deep discounting, data masking, more by Zomato, Swiggy
Ø Demand for residential realty bounces back in June 2021: Report
Ø Tata Motors to hike prices for cars and SUVs again this year
Ø NTPC Renewable Energy Ltd IPO to hit markets in 2022-23
Ø India's services sector activities slump at fastest rate in 11 months in June: PMI
Ø Relief package: Spending curbs on ministries seen offsetting cost
Ø Mcap of eight of 10 most valued firms falls by Rs 65,176cr
Ø HDFC Bank loans rise over 14 pc to Rs 11.47 lakh cr in June
Ø BHEL supplies medical oxygen plant in record time

*Mint*
Ø Sebi gets strict on stock market snags
Ø Raymond's lifestyle biz CEO Joe Kuruvilla resigns
Ø KKR inks deal to buy GIP’s highway portfolio in India
Ø Margin pressures may offset revenue gains of IT firms in Q1
Ø In OPEC deadlock, UAE steps out of Saudi shadow
Ø OPEC+ deal fails, leaving oil market tighter as prices surge
Ø Government asks airlines to increase capacity
Ø Agriculture prices to ease but hunger, climate goals are far off
Ø Religare Enterprises to raise ₹570 cr via preferential issue of shares
Ø NTPC floats tender for deploying hydrogen fuel cell buses in Delhi, Leh
Ø Axis Bank to focus on scaling up subsidiaries, says Amitabh Chaudhry
*SGX Nifty -25 pts (15843) from last trade 15868 ,*


Nikkei +112 pts ,
Hangseng -7 pts ,
Now @6.57am .



US MKT CLSD , , Bovespa -701 pts , Ftse +41 pts  , Dax +11 pts , Cac +14 pts , Crude @ $76.23 brl (+1.07), Brent @ $77.16 brl (-0.00) , Gold @ 1791.50 (+8.20), Silver @ $26.56 (-0.04), Euro @ $1.1862, JPY @ $110.92,  INR @ 74.285







*Today's Corporate Action*
*6th  Jul Ex Date*




BRPL
Bonus issue 3:1
CENTURYTEX
Dividend - Rs. - 1.0000
JMCPROJECT
Final Dividend - Rs. - 0.7000
NATCAPSUQ
Final Dividend - Rs. - 1.0000
PEL
Final Dividend - Rs. - 33.0000
PONNIERODE
Dividend - Rs. - 4.0000
PONNIERODE
Special Dividend - Rs. - 1.0000
SKFINDIA
Dividend - Rs. - 14.5000






*Today's Key Results/Board Meetings*
*6-Jul-21*




CLASELE
Voluntary Delisting of Shares
COFORGE
General
GCMSECU
General
GENESYS
Issue Of Warrants;Preferential Issue of shares
KONARKSY
Audited Results
KWALITY
Audited Results
VOLLF
General




*Stock under F&O ban on NSE*
*6-Jul-21*



1IBULHSGFIN

2NATIONALUM

3PNB
╭───────────────────╮
🌄 S̴h̴u̴b̴o̴u̴d̴h̴a̴y̴ : 06 Jul/आषाढ मास(Tuesday) ग्रीष्म ऋतू {कृष्ण पक्ष}🙏🏻
╰──────────────. ───╯
Today's top News ➣➣➣➣➣➣➣➣➣➣➣➣➣

1. The Ministry of Tourism has signed a Memorandum of Understanding, MoU with Yatra.Com to strengthen the Hospitality and Tourism Industry.

2. The Central Board of Direct Taxes, CBDT has granted further relaxation in electronic filing of Income Tax Forms 15CA and 15CB and extended the date of filing from 30th June to 15th July, 2021. The taxpayers can now submit these forms in manual format to the authorized dealers till 15th Jul 2021.

3. More than 35 crore 71 lakh vaccine doses administered so far in the country :Union Health Ministry report.

4. 52nd edition of the International Film Festival of India to be held from 20th to 28th November in Goa; Poster for the Festival released information and Broadcasting Minister Prakash Javadekar

5. Bihar: Unlock-4 extended for month; University, college & technical institutions to be opened with 50% attendance.

6. Patna court orders 7 days police custody of accused Imran Malik and his brother Nasira Malik in Darbhanga blast case.

7. Congress leader and son of former President Pranab Mukherjee, Abhijit Mukherjee has joined the ruling Trinamool Congress in Kolkata.

8. Twelve BJP MLAs were suspended on Monday from the Maharashtra Legislative Assembly for one year after the state government accused them of “misbehaving” with presiding officer Bhaskar Jadhav in the Speaker’s chamber.

9. The much-feared 3rx wave of coronavirus is likely to hit India by mid-August, while cases may peak in September : The report titled ‘Covid-19: The race to finishing line’, published by SBI Research.

10. The Central Board of Secondary Education (CBSE) on 05 Jul (Monday) announced a special assessment scheme for class 10 and 12 board exams for next year in view of the COVID-19 pandemic, splitting the academic session into two terms.
Nov-Dec, 2021 and March-April, 2022.

11. Earthquake of 3.7 Magnitude Hit Haryana, Mild Tremors Felt Across Delhi-NCR : The earthquake struck at around 10.36 pm. Its epicentre was at a latitude of 28.70 degrees north and longitude of 76.65 degrees east at a depth of 5 km in Jhajjar district of Haryana.

12. Elgar Parishad Case: Human Rights Defender and Jesuit priest Father Activist Stan Swamy, 84, Passes Away Ahead of Hearing on Bail Plea. Swamy was arrested on October 8 last year .

✈️ INTERNATIONAL NEWS

1. Airlines can now operate a maximum of 65% of their pre-Covid domestic flights instead of the 50 per cent allowed till date, the civil aviation ministry.

2. General MM Naravane, the Chief of Army Staff (COAS) is on an official 4-day visit to the United Kingdom & Italy from July 5-July 8, 2021. During the visit, he will be meeting his counterparts and senior military leaders of the two countries with an aim of enhancing India’s defence cooperation.

3. India to maintain warships in Gulf zone to aid merchant ships;:
India will continue to maintain a naval presence in the troubled Persian Gulf and Gulf of Oman, which is aimed at protecting and reassuring Indian-flagged merchant vessels and oil tankers transiting through the region.

4. India will continue to maintain a naval presence in the troubled Persian Gulf & Gulf of Oman, which is aimed at protecting and reassuring Indian-flagged merchant vessels and oil tankers transiting through the region.

5. Today birthday of The 14th Dalai Lama (religious name: Tenzin Gyatso, born 0n 06 July 1935) turns 86: He is the current Dalai Lama. Dalai Lamas are important monks of the Gelug school, the newest school of Tibetan Buddhism, which was formally headed by the Ganden Tripas. From the time of the 5th Dalai Lama to 1959, the central government of Tibet, the Ganden Phodrang, invested the position of Dalai Lama with temporal duties. His was escaped from the Chinese annexation of Tibet in March 1959 and came into India.
6. India received 2600 kilos of delicious mangoes from Bangladesh as a memento of friendship between the two neighbouring countries on 04 Jul. PM of Bangladesh Sheikh Hasina has sent the gift of a special variety of Haribhanga mangoes for the President & the Prime Minister of India and other political leaders.

🌎 WORLD NEWS 🌍

1. Bangladesh records highest COVID death, cases in single day, Lockdown extended till 14th July.

2. Indonesia will provide free telemedicine services to coronavirus patients with mild symptoms in an effort to reduce pressure on a healthcare sector inundated by record numbers of COVID-19 cases.

3. Philippine military plane A C-130 crashes. : 29 people have been killed and 50 people have been rescued. Accident was happened when the plane, a C130 Hercules, was trying to land at Jolo airport when it overshot the runway.

4. Explosion near Thailand capital Bangkok's international airport left plastic's factory in flames, 1 killed, 27 injured.

5. Chinese warplane entered Taiwan`s air defence identification zone (ADIZ), marking the second intrusion this month in Jul.

6. About 150 students are missing after armed men raided a boarding school in Nigeria's Kaduna state. The attack on the Bethel Baptist High School is the 10th mass school kidnapping since December in northwest Nigeria.

7. Germany set to ease for travel restrictions for UK, India, Russia and Nepal travellers.

🚣🚴🏇🏁🏊 Sports:

1. Tokyo Olympics: World Champion boxer M.C. Mary Kom and men’s hockey team Captain Manpreet Singh have been named flag bearers of the 200-strong Indian contingent in the opening ceremony of the Tokyo Olympics on 23rd of July.

2. Euro Cup Football: Italy to clash with Spain in first semi-final at Wembley today (06 Jul), while England will take on Denmark in the second semi-final on Wednesday


BSE Sensex 52,880
NIFTY : 15,834.35

Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ
🇮🇳 Facts about India 🇮🇳
Till 1972, Lion was the national animal of India. Later on it was replaced by the Tiger.The tiger was adopted as the National Animal by the Indian Board for Wildlife in 1972 in place of the lion.

😀 Thought of the day

Health does not always come from medicine. Most of the time it comes from peace of mind, peace in the heart, peace of soul. It comes from laughter and love.

Joke of the day

*पप्पू* - यार, लोग कहते हैं कि ठोकरें इंसान को चलना सिखाती हैं...

*गप्पू* - हां, सही बात है।

*पप्पू* - पर मेरे तो पैर के अंगूठे का नाखून ही टूट गया ना...!!! 🤔🤪😂

😳 Why

Why Tiger is selected as National Animal and why not Lion or other animals?

It was selected as a national animal because of its presence in larger parts of the country. It is found in 16 states while the lion is found only in one state. the Bengal tigers of India are epitomes of great courage, power and sharp intelligence. They have hunted down elephants and crocodiles too, although this is rare, and they do it all alone.

You might be aware that tigers are not only the largest, but also the strongest of big cats (YES, tiger is stronger than a lion, because tiger not only has a higher muscle density of 72.6%, compared to lion’s 58.8%, but tigers also keep themselves very active by walking great distances, hunting difficult prey all alone, swimming miles and miles, and in India, occasionally climbing very tall trees, too. This keeps up their muscle strength. Lion mostly sleeps).

LEARN Sanskrit🙏🏻

विकृत : रूप बिगाड़ा हुआ
deformed

🤔 How it works ⁉️

How Rainfall is measured ⁉️⛈️🌨️

Rainfall is measured by the instrument called rain gauge. Rain water collected in this gauge is measured in millimetres or inches.

Rainfall is measured in litres per square meter which is equivalent to mm and can be conveniently converted to meter or cm.
A Rain Gauge is placed 30 cm above the ground in an open area where there are no trees or
buildings to block the rain, and where only rainfall can enter the rain
gauge. The rain collected in the rain gauge is usually measured every
morning with a measuring cylinder at a fixed time. The measurement
constitutes the daily rainfall and is recorded in millimetres(mm). By
adding up the amount of rain collected in a month, we get the monthly
rainfall. The total amount of rainfall collected over 12 months is the
annual rainfall.

The main conversion factor is 1 mm of rainfall = 1 Liter of water/m² (or 0.001 m³ of water/m²);

Here m² means Meter square

The intensities of rain rate are:

up to 5 mm/hr = Light rain rate

between 5–10 mm/hr = Moderate rain rate

10 to 50 mm/hr = Heavy rain rate

50 to 100 mm/hr = Very heavy rain rate

100 to 200 mm/hr = Extreme moderate rain rate

> 200 mm/hr = Extremely high / cloud burst

💁🏻‍♂️ GK TODAY

Ornithology is the study of birds

💐 BORN TODAY 🐣
Mangalampalli Balamuralikrishna (6 July 1930 – 22 Nov 2016) was an Indian Carnatic vocalist, musician, multi-instrumentalist, playback singer, composer, and character actor. He was awarded the Madras Music Academy's Sangeetha Kalanidhi in 1978.
He has garnered two National Film Awards (1976, 1987), the Sangeet Natak Akademi Award in 1975, the Padma Vibhushan, India's second-highest civilian honor in 1991.

🛕 VEDIK GNAN

Vyasa is the legendary author of the Mahabharata, Vedas and Puranas. He is also called Veda Vyāsa, Vyasam Bhagwan or Krishna Dvaipāyana. The festival of Guru Purnima is dedicated to him.

Parents : Satyavati, Parashara

Veda Vyasa was Born to Maharshi Parasara and Satyavati ( daughter of King of Fisher men)

Spouse : Pinjalaa

Veda Vyasa Krishna Dvaipayana. was the father of Pandu and Dhritarashtra is also the father of Vidura, Veda Vyasa is the title and the name is Krishna Dvaipaayana just as in Dr X (name) Dr is the title and X is the name. He was named Krishna because he was born black, and since he was born in an island, he was named Dvaipaayana. All the three (Dhritarashtra, Pandu and Vidura) were the illegitimate sons of Veda Vyasa. While Dhritarashtra was conceived by Ambika, Pandu was conceived by her younger sister Ambalika. Both Ambikaa and Ambaalikaa are daughters of Kaashya, the king of Kaashi (Varanasi or Benares).

Dhritarashtra was born blind because Ambika, having been frightened of Veda Vyasa's appearance, shut her eyes completely during copulation with Veda Vyasa

Veda Vyasa had to repeat the performance with *Ambalika* . seeing the fearsome appearance of Vyasa, Ambaalikaa turned pale during the niyoga act . So the conceived child was born pale and he was named Pandu.

Since the previous two processes did not produce the desired result, that is one normal healthy heir to the throne, Veda Vyasa was summoned for the third time by Satyavati. Ambika agreed to go through the ordeal again. But, at the last moment, she could not muster sufficient courage to face Veda Vyasa. So, she sent her maidservant in her place. The maid had intercourse with Veda Vyasa in full attention and with full devotion. The result was the birth of a normal child with no disability. That child was named Vidura who grew up to be a replica of Dharma (righteousness) as predicted by Veda Vyasa.

Now the person behind all these arrangements was none other than Satyavati (royal mother, mother of the deceased Vichitraveerya and mother-in-law of Ambika and Ambalika) whose first son was Veda Vyasa who too was illegitimate. Now Satyavati had summoned Veda Vyasa to impregnate the issueless two widowed queens (of Vichitraveerya) Ambika and Ambalika in order to obtain a legal heir to the Hastinapura throne.

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

A seizure (the medical term for a fit or convulsion) occurs when there is a sudden burst of electrical activity in them brain temporarily interfering with the normal messaging processes.

Imagine we have certain batteries in the brain. These batteries suddenly and unexpectedly get short-circuited and catch fire, because of which patients get some 'experience'. It may be some visual experience or it may be some hand jerking or it may be falling down shaking. It depends on which area of the brain is abnormal during the electrically-charged moment. If it happens unexpectedly and several times, it is called epilepsy

1. First aid for seizures is aimed at keeping the person safe until the seizure stops on its own. Stay calm, loosen anything around the person's neck, do not restrain them or put anything in their mouth, clear the area around them, and stay with them after the seizure stops.

Put something flat and soft under their head

Allow the person to remain seated in the chair during the seizure (unless they have a care plan which says to move them

when their convulsions stop. stay with them and talk to them calmly until they recover note the time the seizure starts and finishes.

Regards
CH Nαʋҽҽɳ Kυɱαɾ...✒️
───────────────────╮
*🙏PLZ FOLLOW GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©️YOUR FAMILY SAFE🌼*
╰───────────────────╯
Godrej Consumer Sees Strong Double-Digit 1Q Sales Growth

·         Godrej Consumer likely clocked “high teens” sales growth in its India business in the first quarter to June 30, helped by strong volume growth and calibrated price increases.

·         In India, company witnessed strong double-digit sales growth in home care and personal care categories
Indonesia sales growth seen flat on constant currency basis.

·         It exects sales growth in Latin America and SAARC businesses to remain strong in constant currency terms
Godrej Africa, USA and Middle East expects 1Q constant currency sales growth of “upwards of the fifties”
ABS prices raised 50% MoM

Bepl
Supreme petro
Ineos
Kolkata: SastaSundar.com, a digital e-pharmacy startup, is in talks with existing Japanese investors Mitsubishi Corp and Rohto Pharmaceuticals Co, besides other global private equity players to raise around $100 million (Rs 740 crore approx) as part of a Series D funding.

It expects to line up around $25 million in calendar 2021 itself in a bid to build a war chest for expanding its health services across India amid the raging Covid pandemic, a top company executive said.
OPEC+ abandons oil policy meeting:

OPEC+ ministers called off oil output talks on Monday after clashing last week when the United Arab Emirates rejected a proposed eight-month extension to output curbs, meaning no deal to boost production has been agreed.