sugar concall with Shree Renuka Sugars on the industry.
Key Takeaways - Systematic Broker Call with Sree Renuka..
Management– 8th July, 2021
Speakers: Ravi Gupta, President and Atul Chaturvedi, Executive Chairman
• Ethanol more important than sugar right now. Ethanol driving sugar sector more than sugar has ever driven sugar sector
• Sugar prices are Rs. 2/per kg approx.. higher in North as compared to Maharashtra
• Agriculture yields went up by 40% and recovery by 200 bps reducing cost of production of sugar due to cane variety C0 238
• India is an efficient sugar processor, due to higher sugarcane prices sugar costs around 20 cents/pound; global prices are less
• World sugar balance sheet is negative since last 3 years similar to what happened in 2008-2011
• Ethanol policy in place – real action is seen on the ground: interest subvention scheme, faster environment clearance
• Freerer movement of molasses and ethanol is allowed within India
• Action on supply chain management:
a) OMCs are increasing tank capacity
b) blending ethanol at oil refineries
c) transporters are investing in tankers
d) railway movement of ethanol
• Profitability in sugar industry shall increase crop care and more investment and innovation in agriculture
• Ethanol advantage – lower sugar production, no price fluctuation; higher liquidity, better returns
• Standalone sugar mills may struggle
• Risk factors to watch out – weather; government policy; investment pace in ethanol industry; growth in liquor consumption
• Economics of ethanol from sugar better than grain-based ethanol; grain based realisation is around Rs. 53-54 per litre
• 20% ethanol blending to save forex of 160 lakh crores + we will get rid of dependence on middle east countries also help us to be a part og global thrust for bio-fuel
Key Takeaways - Systematic Broker Call with Sree Renuka..
Management– 8th July, 2021
Speakers: Ravi Gupta, President and Atul Chaturvedi, Executive Chairman
• Ethanol more important than sugar right now. Ethanol driving sugar sector more than sugar has ever driven sugar sector
• Sugar prices are Rs. 2/per kg approx.. higher in North as compared to Maharashtra
• Agriculture yields went up by 40% and recovery by 200 bps reducing cost of production of sugar due to cane variety C0 238
• India is an efficient sugar processor, due to higher sugarcane prices sugar costs around 20 cents/pound; global prices are less
• World sugar balance sheet is negative since last 3 years similar to what happened in 2008-2011
• Ethanol policy in place – real action is seen on the ground: interest subvention scheme, faster environment clearance
• Freerer movement of molasses and ethanol is allowed within India
• Action on supply chain management:
a) OMCs are increasing tank capacity
b) blending ethanol at oil refineries
c) transporters are investing in tankers
d) railway movement of ethanol
• Profitability in sugar industry shall increase crop care and more investment and innovation in agriculture
• Ethanol advantage – lower sugar production, no price fluctuation; higher liquidity, better returns
• Standalone sugar mills may struggle
• Risk factors to watch out – weather; government policy; investment pace in ethanol industry; growth in liquor consumption
• Economics of ethanol from sugar better than grain-based ethanol; grain based realisation is around Rs. 53-54 per litre
• 20% ethanol blending to save forex of 160 lakh crores + we will get rid of dependence on middle east countries also help us to be a part og global thrust for bio-fuel
*SERNET Midnight News Update – Jul 09th 2021*
Zomato fixed the IPO price band for its Rs.9,375 crore IPO in the range of Rs.72 to Rs.76 per share. The issue will open on 14 July and close for subscription on 16 July. Zomato is backed by Ant group of China. In the first half of 2021, India saw Rs.32,000 crore collected from 22 IPOs so far. The month of Jul-21 alone is expected to equal that amount with the help of mega IPOs like Zomato, Aadhar Housing and Nuvoco Vistas slated to hit the IPO market in Jul-21. India’s food delivery market is currently pegged at $4.2 billion.
TCS announced strong yoy growth in numbers but sequentially TCS reported lower operating profits and net profits for the Jun-21 quarter. TCS reported 18.5% growth in net sales at Rs.45,411 crore and a 28.54% growth in net profits at Rs.9,008 crore. While the EBITDA margin stayed above the 25% mark, it was nearly 133 bps lower than the sequential Mar-21 quarter. As of Jun-21, TCS had an order book position of $8.1 billion and the lowest attrition rate at 8.6%. India revenues fell sequentially by 14.5% in Jun-21 quarter.
If the vehicle output numbers announced by SIAM were robust for Jun-21, there is dual confirmation with FADA confirming solid dealer sales too. The important parameter of vehicle registration across categories was up 22.62% yoy in Jun-21. A total of 12,17,151 vehicles were registered across India in Jun-21. FADA confirmed that July was also seeing good traction in terms of enquiries and bookings. The reopening post COVID 2.0 led lockdowns has helped the numbers to pick up. However, the delta variant could be a spoiler.
Macrotech Developers (Lodha Group) reported 88% higher sales bookings for the Jun-21 quarter at Rs.957 crore, despite the pandemic risks. Even the collections in the Jun-21 quarter improved by almost 4.5 times at Rs.1,714 crore. For the fiscal year FY21, the sales bookings had fallen to Rs.5,968 crore compared to Rs.6,570 crore in FY20. As promised in the IPO prospectus, Macrotech reduced its debt by Rs.3,600 crore from the issue proceeds. The company targes to reduce the net debt to Rs.10,000 crore by end of FY22.
Both the IPOs that opened on 07 July appear to be getting a good response in the IPO market. The Rs.963 crore IPO of G R Infraprojects got subscribed 5.90 times at the ned of the second day, getting applications for 46.57 million shares against 7.90 million shares on offer. Retail portion was subscribed 7.49 times. The other IPO of Clean Science and Technology was subscribed 4.38 times by end of second day, getting applications for 52.69 million shares against 12.3 million shares on offer. Both IPOs will close on Friday.
Net inflows into equity funds in June 2021 fell by half as redemption pressure mounted with investors rushing to book profits. Net inflows into equity funds stood at Rs.4,609 crore in Jun-21 compared to Rs.9,236 crore in May-21. While overall flows were tepid, SIP flows into mutual funds in June 2021 stood robust at Rs.9,155 crore. Among debt funds, floater funds were sharply in demand. In the hybrid segment, arbitrage funds continued to attract interest. MF AUM touched an all-time high level of Rs.33.66 trillion.
Among the many changes underway at LIC, the insurer has decided to have a CEO and a managing director and will scrap the chairman’s position altogether. This will position LIC more favourably as it prepares for the prestigious IPO later this fiscal year. The government is expected to invite bids from merchant bankers this month for managing the LIC disinvestment. The IPO is proposed to be launched around January 2022. DIPAM has appointed Milliman Advisors as the actuarial advisors to assess the embedded value of LIC.
Even as people had almost forgotten about the Reliance / Future group deal, Supreme Court has agreed to hear the case on 20-July. The deal had got delayed after Amazon objected to the deal since by virtue of its stake in Future Coupons, Amazon was automatically entitled to be given the first right of refusal in the acquisition of Future group.
Zomato fixed the IPO price band for its Rs.9,375 crore IPO in the range of Rs.72 to Rs.76 per share. The issue will open on 14 July and close for subscription on 16 July. Zomato is backed by Ant group of China. In the first half of 2021, India saw Rs.32,000 crore collected from 22 IPOs so far. The month of Jul-21 alone is expected to equal that amount with the help of mega IPOs like Zomato, Aadhar Housing and Nuvoco Vistas slated to hit the IPO market in Jul-21. India’s food delivery market is currently pegged at $4.2 billion.
TCS announced strong yoy growth in numbers but sequentially TCS reported lower operating profits and net profits for the Jun-21 quarter. TCS reported 18.5% growth in net sales at Rs.45,411 crore and a 28.54% growth in net profits at Rs.9,008 crore. While the EBITDA margin stayed above the 25% mark, it was nearly 133 bps lower than the sequential Mar-21 quarter. As of Jun-21, TCS had an order book position of $8.1 billion and the lowest attrition rate at 8.6%. India revenues fell sequentially by 14.5% in Jun-21 quarter.
If the vehicle output numbers announced by SIAM were robust for Jun-21, there is dual confirmation with FADA confirming solid dealer sales too. The important parameter of vehicle registration across categories was up 22.62% yoy in Jun-21. A total of 12,17,151 vehicles were registered across India in Jun-21. FADA confirmed that July was also seeing good traction in terms of enquiries and bookings. The reopening post COVID 2.0 led lockdowns has helped the numbers to pick up. However, the delta variant could be a spoiler.
Macrotech Developers (Lodha Group) reported 88% higher sales bookings for the Jun-21 quarter at Rs.957 crore, despite the pandemic risks. Even the collections in the Jun-21 quarter improved by almost 4.5 times at Rs.1,714 crore. For the fiscal year FY21, the sales bookings had fallen to Rs.5,968 crore compared to Rs.6,570 crore in FY20. As promised in the IPO prospectus, Macrotech reduced its debt by Rs.3,600 crore from the issue proceeds. The company targes to reduce the net debt to Rs.10,000 crore by end of FY22.
Both the IPOs that opened on 07 July appear to be getting a good response in the IPO market. The Rs.963 crore IPO of G R Infraprojects got subscribed 5.90 times at the ned of the second day, getting applications for 46.57 million shares against 7.90 million shares on offer. Retail portion was subscribed 7.49 times. The other IPO of Clean Science and Technology was subscribed 4.38 times by end of second day, getting applications for 52.69 million shares against 12.3 million shares on offer. Both IPOs will close on Friday.
Net inflows into equity funds in June 2021 fell by half as redemption pressure mounted with investors rushing to book profits. Net inflows into equity funds stood at Rs.4,609 crore in Jun-21 compared to Rs.9,236 crore in May-21. While overall flows were tepid, SIP flows into mutual funds in June 2021 stood robust at Rs.9,155 crore. Among debt funds, floater funds were sharply in demand. In the hybrid segment, arbitrage funds continued to attract interest. MF AUM touched an all-time high level of Rs.33.66 trillion.
Among the many changes underway at LIC, the insurer has decided to have a CEO and a managing director and will scrap the chairman’s position altogether. This will position LIC more favourably as it prepares for the prestigious IPO later this fiscal year. The government is expected to invite bids from merchant bankers this month for managing the LIC disinvestment. The IPO is proposed to be launched around January 2022. DIPAM has appointed Milliman Advisors as the actuarial advisors to assess the embedded value of LIC.
Even as people had almost forgotten about the Reliance / Future group deal, Supreme Court has agreed to hear the case on 20-July. The deal had got delayed after Amazon objected to the deal since by virtue of its stake in Future Coupons, Amazon was automatically entitled to be given the first right of refusal in the acquisition of Future group.
*Jefferies: Tata Consultancy Services: 1QFY22 First Cut: Revenue miss; profits in line*
*Key Takeaway*
TCS' 1QFY22 revenues up 2.4% QoQ in cc terms missed our estimates due to sharp revenue decline in India, however EBIT margins at 25.5%, down 130bps QoQ, and profit of Rs90bn, down 3% QoQ, were in line with estimates. Deal TCV was healthy at US$8.1bn. Attrition rose sequentially and Net additions at 20k were at their highest, which could lead to wage pressures. The company declared dividend of Rs7/share.
*Revenue miss; profits in line*: TCS' 1QFY22 revenues of US$6.2bn, up 2.4% QoQ incc terms missed our estimates. However, EBIT margins, down 130bps QoQ to 25.5%, and profit of Rs90bn, down 3% QoQ, were in line with our estimates. Sequential margin contraction was on expected lines due to wage hike effective from 1st April 2021. Head count addition remained strong at 20k, reflecting strong demand, but attrition at 8.6% rose too, which, in our view, could lead to wage pressures going forward.
*Broad-based revenue growth and healthy TCV*: Growth was driven by Life Sciences vertical, up 7% QoQ. Recovery in stressed verticals like retail (+4% QoQcc) and manufacturing (+4.8% QoQcc) continued. Among markets, North America (+4% QoQcc) and UK (+3.6% QoQcc) drove growth. However, growth in Continental Europe (+1.5% QoQcc) was soft and India saw a sharp decline of 14% QoQ due to the second wave. Strong traction on deal flow continued with TCS reporting deal TCV of US $8.1bn in 1Q.
*Commentary on growth and margins*: TCS is witnessing greater traction in growth and transformation services driving demand for cloud platform services and application services and analytics. Management highlighted that while growth in core markets was strong at over 4% QoQ, weakness in India led to the revenue miss. While June has seen some improvement and management believes that if this trend continues, 2Q should have a better showing. On margins, management highlighted that discretionary spends have started to pick up, but management remains confident that costs pressures can be managed.
*Payout*: The company declared a Rs7/share dividend. We will have more details post the conference call to be held at 8:00PM IST.
*Key Takeaway*
TCS' 1QFY22 revenues up 2.4% QoQ in cc terms missed our estimates due to sharp revenue decline in India, however EBIT margins at 25.5%, down 130bps QoQ, and profit of Rs90bn, down 3% QoQ, were in line with estimates. Deal TCV was healthy at US$8.1bn. Attrition rose sequentially and Net additions at 20k were at their highest, which could lead to wage pressures. The company declared dividend of Rs7/share.
*Revenue miss; profits in line*: TCS' 1QFY22 revenues of US$6.2bn, up 2.4% QoQ incc terms missed our estimates. However, EBIT margins, down 130bps QoQ to 25.5%, and profit of Rs90bn, down 3% QoQ, were in line with our estimates. Sequential margin contraction was on expected lines due to wage hike effective from 1st April 2021. Head count addition remained strong at 20k, reflecting strong demand, but attrition at 8.6% rose too, which, in our view, could lead to wage pressures going forward.
*Broad-based revenue growth and healthy TCV*: Growth was driven by Life Sciences vertical, up 7% QoQ. Recovery in stressed verticals like retail (+4% QoQcc) and manufacturing (+4.8% QoQcc) continued. Among markets, North America (+4% QoQcc) and UK (+3.6% QoQcc) drove growth. However, growth in Continental Europe (+1.5% QoQcc) was soft and India saw a sharp decline of 14% QoQ due to the second wave. Strong traction on deal flow continued with TCS reporting deal TCV of US $8.1bn in 1Q.
*Commentary on growth and margins*: TCS is witnessing greater traction in growth and transformation services driving demand for cloud platform services and application services and analytics. Management highlighted that while growth in core markets was strong at over 4% QoQ, weakness in India led to the revenue miss. While June has seen some improvement and management believes that if this trend continues, 2Q should have a better showing. On margins, management highlighted that discretionary spends have started to pick up, but management remains confident that costs pressures can be managed.
*Payout*: The company declared a Rs7/share dividend. We will have more details post the conference call to be held at 8:00PM IST.
*UBS: Tata Consultancy Services: Q1 FY22 revenues and margins miss forecasts*
*Q: How did the results compare vs expectations?*
A: Q1 FY22 US$ revenue at US$6,154 mn was up 2.7% QoQ (21.6% YoY), but below UBSe/ consensus, due to softer-than-expected India revenues. CC revs were 2.4% QoQ (vs 3.3% UBSe)/ 16.4% YoY. EBIT margin at 25.5% was 40 bps below UBSe and consensus. PAT at Rs.90 bn was 3.3% below UBSe.
*Q: What were the most noteworthy areas in the results?*
A: In QoQ cc terms, BFSI was up 3.1%, retail 4.4%, manufacturing 4.8%, healthcare 7.3% and North America 4.1%, UK 3.6%, Continental Europe 1.5%, India -14.1%. Headcount was up 20,409 QoQ (19,388 in Q4 FY21). IT services attrition was 8.6% (7.2% in Q4 FY21). TCV for Q1 was US$8.1 bn (US$9.2 bn in Q4 FY21). Interim dividend announced at Rs. 7 per share.
*Q: Has the company's outlook/guidance changed?*
A: The CEO noted that the company's operating model remains resilient enough to tackle a potential COVID-19 third wave and remained positive that FY22E revenue growth would be better than FY21E.
*Q: How would we expect investors to react?*
A: We expect consensus earnings cuts post Q1 FY22 numbers, which should elicit a negative reaction from the stock. Broader market concerns (COVID-19 wave 3, oil prices, etc), however, could keep the stock defensive.
*Q: How did the results compare vs expectations?*
A: Q1 FY22 US$ revenue at US$6,154 mn was up 2.7% QoQ (21.6% YoY), but below UBSe/ consensus, due to softer-than-expected India revenues. CC revs were 2.4% QoQ (vs 3.3% UBSe)/ 16.4% YoY. EBIT margin at 25.5% was 40 bps below UBSe and consensus. PAT at Rs.90 bn was 3.3% below UBSe.
*Q: What were the most noteworthy areas in the results?*
A: In QoQ cc terms, BFSI was up 3.1%, retail 4.4%, manufacturing 4.8%, healthcare 7.3% and North America 4.1%, UK 3.6%, Continental Europe 1.5%, India -14.1%. Headcount was up 20,409 QoQ (19,388 in Q4 FY21). IT services attrition was 8.6% (7.2% in Q4 FY21). TCV for Q1 was US$8.1 bn (US$9.2 bn in Q4 FY21). Interim dividend announced at Rs. 7 per share.
*Q: Has the company's outlook/guidance changed?*
A: The CEO noted that the company's operating model remains resilient enough to tackle a potential COVID-19 third wave and remained positive that FY22E revenue growth would be better than FY21E.
*Q: How would we expect investors to react?*
A: We expect consensus earnings cuts post Q1 FY22 numbers, which should elicit a negative reaction from the stock. Broader market concerns (COVID-19 wave 3, oil prices, etc), however, could keep the stock defensive.
*JP Morgan: Tata Consultancy Services: 1Q22 first look- Misses across revenues/EPS lead by India/EU, deal wins remain strong*
TCS 1QFY22 print missed Street/JPMe expectations across revenues, margins and EPS. Revenues were 0.3%/0.9% below JPMe/consensus while margins were 10bps below consensus and 30bps below JPMe. Deal wins continued to be strong at US$8.1bn, up 17% YY, but down 12% QQ implying overall environment remains strong. Misses on revenue and margins are likely to weigh on the stock in the near term.
First look at the results*: TCS missed expectations this time with CC revenue miss of 30bps/90bps and EBIT margin miss of 30bps/10bps driving a 3% EPS miss vs. JPMe/consensus. CC QQ revenues was soft for seasonally strong 1Q at 2.4% impacted primarily by a sharp decline in India business (down 14% QQ); ex-India growth was strong at 4.1%. Ebit margins declined 133bps QQ to 25.5% primarily due to wage hikes. Revenue growth was secular across industries, strong in US/UK but saw weakness in India, Europe & APAC (~30% of total). Deal wins continued to remain solid at US$8.1bn, up 17% YY and in-line with last 4 quarter average of US$7.9bn.
Where do we go from here?* While YY growth touched 16% given easy comps, sequential growth was softer than our street-low numbers. Even if this is from three geos (India, EU, APAC) that were slower than the rest (c.4%) these geos form~30% of the business are par for course for a global business like TCS. This is TCS’ first miss in four quarters and should drive 1-2% cut to consensus FY22 revenue and EPS. TCS’s strong signing and strong growth in US/UK reflects a very strong demand environment helped by demand from IT megatrends & cost takeout, in addition to its market success. However, given the stock has been flirting with all-time highs recently, the lack of either margin or growth surprise is likely to drive to drive stock consolidation in the near term. We remain OW on TCS for its cross cycle strengths.
Takeaways for peers*: TCS' exposure to India is higher than peers. We see primary takeaways from its strong deal wins and key verticals (4% QQ) as positive for Infosys, HCL. TechM has higher exposure to non US/UK markets but has lower expectations.
*Headlines from the results:*
*US$ revenues were up 2.8%QQ, 10bps ahead of JPMe but 70bps below consensus
*CC revenue grew 2.4% QQ, 30bps below JPMe/90bps below consensus
*EBIT margin was 25.5% below JPMe (25.8%) and consensus (25.6%) with a 133 bps decline QQ
*PAT was Rs90bn, 3% below JPMe and consensus
Deal wins were strong at $8.1bn (up 17% YY).*
*Details:*
*Geos*: Revenue grew sequentially for all regions except India; The CC QQ growth was led by North America/UK/LatAm/MEA (+4% QQ), dragged by Europe/APAC (up 2% QQ) and India down 14% QQ
*Verticals*: All verticals witnessed a growth QQ. CC QQ growth led by Life Science & Healthcare (+7% QQ), Manufacturing/Technology & Services (+5% QQ), Retail & CPG (+4% QQ), BFSI (+3% QQ), Communications & Media (+2% QQ)
TCS 1QFY22 print missed Street/JPMe expectations across revenues, margins and EPS. Revenues were 0.3%/0.9% below JPMe/consensus while margins were 10bps below consensus and 30bps below JPMe. Deal wins continued to be strong at US$8.1bn, up 17% YY, but down 12% QQ implying overall environment remains strong. Misses on revenue and margins are likely to weigh on the stock in the near term.
First look at the results*: TCS missed expectations this time with CC revenue miss of 30bps/90bps and EBIT margin miss of 30bps/10bps driving a 3% EPS miss vs. JPMe/consensus. CC QQ revenues was soft for seasonally strong 1Q at 2.4% impacted primarily by a sharp decline in India business (down 14% QQ); ex-India growth was strong at 4.1%. Ebit margins declined 133bps QQ to 25.5% primarily due to wage hikes. Revenue growth was secular across industries, strong in US/UK but saw weakness in India, Europe & APAC (~30% of total). Deal wins continued to remain solid at US$8.1bn, up 17% YY and in-line with last 4 quarter average of US$7.9bn.
Where do we go from here?* While YY growth touched 16% given easy comps, sequential growth was softer than our street-low numbers. Even if this is from three geos (India, EU, APAC) that were slower than the rest (c.4%) these geos form~30% of the business are par for course for a global business like TCS. This is TCS’ first miss in four quarters and should drive 1-2% cut to consensus FY22 revenue and EPS. TCS’s strong signing and strong growth in US/UK reflects a very strong demand environment helped by demand from IT megatrends & cost takeout, in addition to its market success. However, given the stock has been flirting with all-time highs recently, the lack of either margin or growth surprise is likely to drive to drive stock consolidation in the near term. We remain OW on TCS for its cross cycle strengths.
Takeaways for peers*: TCS' exposure to India is higher than peers. We see primary takeaways from its strong deal wins and key verticals (4% QQ) as positive for Infosys, HCL. TechM has higher exposure to non US/UK markets but has lower expectations.
*Headlines from the results:*
*US$ revenues were up 2.8%QQ, 10bps ahead of JPMe but 70bps below consensus
*CC revenue grew 2.4% QQ, 30bps below JPMe/90bps below consensus
*EBIT margin was 25.5% below JPMe (25.8%) and consensus (25.6%) with a 133 bps decline QQ
*PAT was Rs90bn, 3% below JPMe and consensus
Deal wins were strong at $8.1bn (up 17% YY).*
*Details:*
*Geos*: Revenue grew sequentially for all regions except India; The CC QQ growth was led by North America/UK/LatAm/MEA (+4% QQ), dragged by Europe/APAC (up 2% QQ) and India down 14% QQ
*Verticals*: All verticals witnessed a growth QQ. CC QQ growth led by Life Science & Healthcare (+7% QQ), Manufacturing/Technology & Services (+5% QQ), Retail & CPG (+4% QQ), BFSI (+3% QQ), Communications & Media (+2% QQ)
TCS First Cut – Dollar Term Revenue marginally below estimates …Ebit margin above estimates
· TCS Q1 Dollar term revenue at $6154mn (up 2.4% QoQ) – expectation $6216mn
· EBIT margin at 25.5% vs 26.8% (QoQ) – expectation 25.2%
· Net profit fell 2.5% to Rs 9,008 crore - expectation Rs9300cr
· Operating profit fell 2.08% to Rs 11,834 crore. – expectation Rs11500cr
· TCS won new deals worth $8.1 billion.
· At the end of FY21, the company had total contract value of $31 billion.
· Attrition inched up to 8.3%.
· TCS Q1 Dollar term revenue at $6154mn (up 2.4% QoQ) – expectation $6216mn
· EBIT margin at 25.5% vs 26.8% (QoQ) – expectation 25.2%
· Net profit fell 2.5% to Rs 9,008 crore - expectation Rs9300cr
· Operating profit fell 2.08% to Rs 11,834 crore. – expectation Rs11500cr
· TCS won new deals worth $8.1 billion.
· At the end of FY21, the company had total contract value of $31 billion.
· Attrition inched up to 8.3%.
Money Market Update
The rupee ended at 74.71 against the U.S. Dollar on Thursday as compared to Wednesday’s closing of 74.61.
The rupee ended at 74.71 against the U.S. Dollar on Thursday as compared to Wednesday’s closing of 74.61.
Trading Tweaks
Ex-Date Final Dividend: Trent, Dr. Reddy's Laboratories, Control Print, Kirloskar Pneumatic, Navin Fluorine International
Record Date Final Dividend: Fineotex Chemical, DCM Shriram
Record Date Dividend: Crompton Greaves Consumer Electricals, Indian Bank
Price Band Revised From 10% To 5%: Gulshan Polyols, HFCL, Newgen Software Technologies
Move Into ASM Framework: Southern Petrochemical Industries Corporation, Dynamatic Technologies
Ex-Date Final Dividend: Trent, Dr. Reddy's Laboratories, Control Print, Kirloskar Pneumatic, Navin Fluorine International
Record Date Final Dividend: Fineotex Chemical, DCM Shriram
Record Date Dividend: Crompton Greaves Consumer Electricals, Indian Bank
Price Band Revised From 10% To 5%: Gulshan Polyols, HFCL, Newgen Software Technologies
Move Into ASM Framework: Southern Petrochemical Industries Corporation, Dynamatic Technologies
Who’s Meeting Whom
HPL Electric & Power: To meet Abakkus Asset Management on July 9.
Dixon Technologies (India): To meet FMR and Blue Coast Capital on July 9.
HPL Electric & Power: To meet Abakkus Asset Management on July 9.
Dixon Technologies (India): To meet FMR and Blue Coast Capital on July 9.
Stocks To Watch
Mahindra and Mahindra Financial Services: Completed the acquisition of 20% of the Equity Share Capital of Ideal Finance Limited from its existing shareholders, resulting in an increase in MMFSL’s stake in Ideal Finance from 38.20% to 58.20%.
Bank of Baroda: Appointed Alok Vajpeyi as shareholder director of the bank. The board has also approved raising up to Rs 2,000 crore.
Tata Steel: CARE Ratings revised the company’s long-term credit rating from AA/Negative to AA+/Outlook.
Aban Offshore: Received possession notice for its assets from Punjab National Bank, Chennai for the recovery of loan borrowed by the company.
Bharat Dynamics: Signed a contract worth about Rs 499 crore with Ministry of Defence for manufacture and supply of Akash Missiles to the Indian Air Force. With this contract the company’s order book position now stands at about Rs 8,683 crore.
Tata Motors has signed a two-year MoU with Jammu & Kashmir Bank, to offer easy financing options to its customers.
Earnings Scheduled: Delta Corp
Mahindra and Mahindra Financial Services: Completed the acquisition of 20% of the Equity Share Capital of Ideal Finance Limited from its existing shareholders, resulting in an increase in MMFSL’s stake in Ideal Finance from 38.20% to 58.20%.
Bank of Baroda: Appointed Alok Vajpeyi as shareholder director of the bank. The board has also approved raising up to Rs 2,000 crore.
Tata Steel: CARE Ratings revised the company’s long-term credit rating from AA/Negative to AA+/Outlook.
Aban Offshore: Received possession notice for its assets from Punjab National Bank, Chennai for the recovery of loan borrowed by the company.
Bharat Dynamics: Signed a contract worth about Rs 499 crore with Ministry of Defence for manufacture and supply of Akash Missiles to the Indian Air Force. With this contract the company’s order book position now stands at about Rs 8,683 crore.
Tata Motors has signed a two-year MoU with Jammu & Kashmir Bank, to offer easy financing options to its customers.
Earnings Scheduled: Delta Corp
Pledge Share Details
Adani Ports and SEZ: Promoter Group (Gautam Adani and Rajesh Adani) created a pledge of 1 lakh shares on July 7.
Adani Transmission: Promoter Group (Gautam Adani and Rajesh Adani) created a pledge of 3.50 lakh shares on July 7.
Dilip Buildcon: Promoters (Dilip Suryavanshi and Devendra Jain) revoked pledge of 2.44 lakh shares between June 29 and July 7.
Apollo Hospitals Enterprise. Promoters (PCR Investments and Preetha Reddy) revoked pledge of 23 lakh shares between July 5-7.
Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 22.01 lakh shares on July 6.
Ramco Industries: Promoter Saradha Deepa revoked pledge of 2.50 lakh shares on June 16.
The Ramco Cements: Promoter Saradha Deepa revoked pledge of 10.48 lakh shares between June 16 and July 7
Adani Ports and SEZ: Promoter Group (Gautam Adani and Rajesh Adani) created a pledge of 1 lakh shares on July 7.
Adani Transmission: Promoter Group (Gautam Adani and Rajesh Adani) created a pledge of 3.50 lakh shares on July 7.
Dilip Buildcon: Promoters (Dilip Suryavanshi and Devendra Jain) revoked pledge of 2.44 lakh shares between June 29 and July 7.
Apollo Hospitals Enterprise. Promoters (PCR Investments and Preetha Reddy) revoked pledge of 23 lakh shares between July 5-7.
Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 22.01 lakh shares on July 6.
Ramco Industries: Promoter Saradha Deepa revoked pledge of 2.50 lakh shares on June 16.
The Ramco Cements: Promoter Saradha Deepa revoked pledge of 10.48 lakh shares between June 16 and July 7
World Markets
Dow - 260
Nasdaq - 105
Dax - 272
Nikkei - 551
Hangseng + 64
Sgxnifty - 46 (15685)
Brent Crude 74.06
Dow Fut - 80
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Dow - 260
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Nikkei - 551
Hangseng + 64
Sgxnifty - 46 (15685)
Brent Crude 74.06
Dow Fut - 80
Dollar Index 92.41
🌄 S̴h̴u̴b̴o̴u̴d̴h̴a̴y̴ : 09 Jul/आषाढ मास(Friday) ग्रीष्म ऋतू {कृष्ण पक्ष}
Today's top News
1. Newly-inducted Union Ministers took charge of their offices on 08 Jul. 43 ministers were sworn in to the Union Council of Ministers. They included 15 Cabinet Ministers & 28 Ministers of State.
2. India’s cumulative COVID Vaccination Coverage has reached nearly 37 crore & National COVID-19 recovery rate stands at 97.18%. The Union Health Ministry said.
3. The Union Cabinet has decided to make amendments to the Coconut Development Board Act, 1979 to make it more efficient to carry out the activities of farming and production of coconut.
4. Union Cabinet has
approved the proposal of allowing the Agriculture Produce Market Committees, APMCs to use the one lakh rupees Agriculture Infrastructure Fund which has been announced as part of the Atmanirbhar Bharat Package.
5. The Delhi High Court on 08 Jul (Thursday) told the Centre it was free to take action against Twitter Inc in case of any breach of the new IT Rules and that no interim protection was granted, even as the new IT minister Ashwini Vaishnaw said those who live and work in India will have to abide by the rules of the country.
6. PM Modi interacted with Directors of Centrally-funded technical institutions through video conferencing on 08 Jul (Thursday). Newly-appointed Education Minister Dharmendra Pradhan also joined the interaction.
7. Andhra Pradesh Chief minister Y.S. Jagan Mohan Reddy on 08 Jul (Thursday) inaugurated Rythu Bharosa Kendram (RBKs) at 74 Udegolam in Rayadurgam mandal in the Anantapur district to offer services to farmers at their doorstep.
8. Union cabinet expansion: Who is Anupriya Patel, one of the seven women who took oath? : She is the national president of Apna Dal (S) & currently serving her second term as a member of the Lok Sabha from Uttar Pradesh’s Mirzapur. Patel’s party is currently in alliance with the Bharatiya Janata Party (BJP). Now she is the current Minister of state in the Ministry of Commerce and Industry.
9. Veteran Congress leader and six-time chief minister Virbhadra Singh passed away at on 08 Jul at IGMC after a three-month long battle with Covid illness. He was 87. The state government of Himachal has declared a three day mourning as a mark of respect to the former CM.
10. Shri Virbhadra's body has been kept at his home in Holly Lodge in the lower Jakhu area of Shimla for the public to pay their last respects. The cremation will take place at his native place Rampur on Saturday.
11. The Defence Ministry has implemented SPARSH, an integrated system for automation of sanction and disbursement of defence pension. The two largest banks dealing with defence pensioners - State Bank of India and Punjab National Bank have been co-opted as Service Centres.
12. Two people were reportedly killed and many injured, after assailants opened fire at a crowd near the Bada Hindu Rao hospital in Delhi on 08 Jul (Thursday). According to sources, the assailants fired at least 20-25 rounds and the incident took place at around 9:45 pm.
13. Five militants were killed over 24 hours in Pulwama and Kulgam districts of Jammu and Kashmir, Inspector General of Police of the Kashmir zone Vijay Kumar said.
14. The Army foiled a major infiltration bid on 08 Jul (Thursday) along the LoC in Jammu and Kashmir's Rajouri as they eliminated two Pakistani terrorists in the fierce gun battle.
15. Chief of Army Staff Gen M M Naravane on 08 Jul (Thursday) met his Italian counterpart Lt Gen Pietro Serino and defence minister Lorenzo Guerini in Rome and held extensive talks focusing on strengthening bilateral defence cooperation, including military-to-military engagement.
16. Indian Army will conduct a recruitment rally at Mahatma Phule Krishi Vidyapeeth, Rahuri, Ahmednagar from September 7 to 23 for selection of Soldier General Duty, Soldier Tradesman (10th pass), Soldier Tradesman (8th pass), Soldier Technical, Soldier Technical (Aviation/ Ammunition examiner), Soldier Nursing Assistant or Nursing Assistant Veterinary.
Today's top News
1. Newly-inducted Union Ministers took charge of their offices on 08 Jul. 43 ministers were sworn in to the Union Council of Ministers. They included 15 Cabinet Ministers & 28 Ministers of State.
2. India’s cumulative COVID Vaccination Coverage has reached nearly 37 crore & National COVID-19 recovery rate stands at 97.18%. The Union Health Ministry said.
3. The Union Cabinet has decided to make amendments to the Coconut Development Board Act, 1979 to make it more efficient to carry out the activities of farming and production of coconut.
4. Union Cabinet has
approved the proposal of allowing the Agriculture Produce Market Committees, APMCs to use the one lakh rupees Agriculture Infrastructure Fund which has been announced as part of the Atmanirbhar Bharat Package.
5. The Delhi High Court on 08 Jul (Thursday) told the Centre it was free to take action against Twitter Inc in case of any breach of the new IT Rules and that no interim protection was granted, even as the new IT minister Ashwini Vaishnaw said those who live and work in India will have to abide by the rules of the country.
6. PM Modi interacted with Directors of Centrally-funded technical institutions through video conferencing on 08 Jul (Thursday). Newly-appointed Education Minister Dharmendra Pradhan also joined the interaction.
7. Andhra Pradesh Chief minister Y.S. Jagan Mohan Reddy on 08 Jul (Thursday) inaugurated Rythu Bharosa Kendram (RBKs) at 74 Udegolam in Rayadurgam mandal in the Anantapur district to offer services to farmers at their doorstep.
8. Union cabinet expansion: Who is Anupriya Patel, one of the seven women who took oath? : She is the national president of Apna Dal (S) & currently serving her second term as a member of the Lok Sabha from Uttar Pradesh’s Mirzapur. Patel’s party is currently in alliance with the Bharatiya Janata Party (BJP). Now she is the current Minister of state in the Ministry of Commerce and Industry.
9. Veteran Congress leader and six-time chief minister Virbhadra Singh passed away at on 08 Jul at IGMC after a three-month long battle with Covid illness. He was 87. The state government of Himachal has declared a three day mourning as a mark of respect to the former CM.
10. Shri Virbhadra's body has been kept at his home in Holly Lodge in the lower Jakhu area of Shimla for the public to pay their last respects. The cremation will take place at his native place Rampur on Saturday.
11. The Defence Ministry has implemented SPARSH, an integrated system for automation of sanction and disbursement of defence pension. The two largest banks dealing with defence pensioners - State Bank of India and Punjab National Bank have been co-opted as Service Centres.
12. Two people were reportedly killed and many injured, after assailants opened fire at a crowd near the Bada Hindu Rao hospital in Delhi on 08 Jul (Thursday). According to sources, the assailants fired at least 20-25 rounds and the incident took place at around 9:45 pm.
13. Five militants were killed over 24 hours in Pulwama and Kulgam districts of Jammu and Kashmir, Inspector General of Police of the Kashmir zone Vijay Kumar said.
14. The Army foiled a major infiltration bid on 08 Jul (Thursday) along the LoC in Jammu and Kashmir's Rajouri as they eliminated two Pakistani terrorists in the fierce gun battle.
15. Chief of Army Staff Gen M M Naravane on 08 Jul (Thursday) met his Italian counterpart Lt Gen Pietro Serino and defence minister Lorenzo Guerini in Rome and held extensive talks focusing on strengthening bilateral defence cooperation, including military-to-military engagement.
16. Indian Army will conduct a recruitment rally at Mahatma Phule Krishi Vidyapeeth, Rahuri, Ahmednagar from September 7 to 23 for selection of Soldier General Duty, Soldier Tradesman (10th pass), Soldier Tradesman (8th pass), Soldier Technical, Soldier Technical (Aviation/ Ammunition examiner), Soldier Nursing Assistant or Nursing Assistant Veterinary.
The rally will be held for candidates from Ahmednagar, Beed, Latur, Osmanabad, Pune and Solapur districts. Online registration for the recruitment will begin on July 9. Candidates can apply on the official website of Indian Army till August 22. (joinindianarmy.nic.in)
✈️ INTERNATIONAL NEWS
1. External Affairs Minister S Jaishankar meet Iran's President-elect Ebrahim Raisi & handed over a personal message from PM Modi during a stopover in Tehran on his way to Russia.
2. External Affairs Minister S Jaishankar to visit Georgia from July 9-10.
3. The situation in Afghanistan, upcoming India-Russia meetings and bilateral cooperation in security & defence will figure in talks between external affairs minister S Jaishankar & his Russian counterpart Sergey Lavrov in Moscow on July 9.
🌎 WORLD NEWS 🌍
1. Scientists have warned the UK govt against ending of all legal COVID-19 lockdown restrictions from 19 Jul.
2. America’s military mission in Afghanistan will end on August 31, US President Joe Biden said. Announcing an “end to America’s longest war” amid concerns that the Taliban could retake control following a surge that is already underway.
3. Foreign tourists who are not vaccinated against Covid-19 will not be allowed to enter Canada for quite some time. Prime Minister Justin Trudeau said
🚣🚴🏇🏁🏊 Sports:
1. Mr Anurag Thakur assumed the charge of Union Sports Minister, in addition to Youth affairs and Information & Broadcasting Minister. He is a member of the Lower House of Parliament in India from Hamirpur in Himachal Pradesh, Former sports minister Mr. Kiren Rijiju took charge as the Law and Justice Minister.
2. Wimbledon Tennis 2021 Women's Singles Semi-finals : Karolina Pliskova beat Aryna Sabalenka 5-7, 6-4, 6-4 to reach the final, where she will meet Ashleigh Barty. Karolina Pliskova is a former world No. 1 in singles, reaching the top of the Women's Tennis Association (WTA).
3. Tokyo Olympics: Odisha CM Naveen Patnaik announces prize money of Rs 6 crores for gold medal winners from state Rs 4 crore for silver, and Rs 2.5 crore for bronze. Besides, Rs 15 lakh will be given to each of the athletes from the state who have qualified for the Olympics.
USD 74.83 💷GBP 102.98
_In Bhopal (MP)_
🥇 Gold ₹49,615©️10 gm 24 (Krt)
🥈 Silver ₹73,500©️Kg
⛽ Petrol ₹ 108.88
⛽ Diesel ₹ 98.40
LPG : ₹ 841/14.2 Kg
BSE Sensex 52,568.94
NIFTY : 15,727.90
Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ
🇮🇳 Facts about India 🇮🇳
At the time of Independence in 1947, there were 565 princely states governed by The Rajas, Maharajas, Nawabs, Zamindars in india. Princely state of Hyderabad merged into the Indian Union on 17 September 1948. On 16 May 1975, Sikkim became the 22nd state of the Indian Union, and the monarchy was abolished. Jammu became Constitutional state of India on 17 November 1952.......
😀 Thought of the day
You can creat beauty with your attitude, behaviour, actions. It's all up to you.
Joke of the day
*(Pappu** : Our New Neighbour is an
"Aam Aadmi Party" Member
Frnd : How Do U Know That..?
.
Pappu : Today Morning When I Waved My Hand👋🏻 🙋🏻♂️to her and She Showed Me The "Broom"..!
😳 Why❓❓❓
Why crushed stones kept alongside rail tracks? 🚆🚂
The crushed stones are what is known as ballast. Their purpose is to hold the wooden cross ties in place, which in turn hold the rails in place. Due to weather conditions & sun heat, tracks will get expansion & contraction, ground movement and vibration, precipitation buildup from rough weather, and weed and plant growth from underneath, so alignment of tracks get changed and rails couldn't move forward.
Due to Laying of concrete and its sharp edges of the stone make it difficult for wooden logs layed under track to avoid slide over each other; thus effectively locking them in place.
✈️ INTERNATIONAL NEWS
1. External Affairs Minister S Jaishankar meet Iran's President-elect Ebrahim Raisi & handed over a personal message from PM Modi during a stopover in Tehran on his way to Russia.
2. External Affairs Minister S Jaishankar to visit Georgia from July 9-10.
3. The situation in Afghanistan, upcoming India-Russia meetings and bilateral cooperation in security & defence will figure in talks between external affairs minister S Jaishankar & his Russian counterpart Sergey Lavrov in Moscow on July 9.
🌎 WORLD NEWS 🌍
1. Scientists have warned the UK govt against ending of all legal COVID-19 lockdown restrictions from 19 Jul.
2. America’s military mission in Afghanistan will end on August 31, US President Joe Biden said. Announcing an “end to America’s longest war” amid concerns that the Taliban could retake control following a surge that is already underway.
3. Foreign tourists who are not vaccinated against Covid-19 will not be allowed to enter Canada for quite some time. Prime Minister Justin Trudeau said
🚣🚴🏇🏁🏊 Sports:
1. Mr Anurag Thakur assumed the charge of Union Sports Minister, in addition to Youth affairs and Information & Broadcasting Minister. He is a member of the Lower House of Parliament in India from Hamirpur in Himachal Pradesh, Former sports minister Mr. Kiren Rijiju took charge as the Law and Justice Minister.
2. Wimbledon Tennis 2021 Women's Singles Semi-finals : Karolina Pliskova beat Aryna Sabalenka 5-7, 6-4, 6-4 to reach the final, where she will meet Ashleigh Barty. Karolina Pliskova is a former world No. 1 in singles, reaching the top of the Women's Tennis Association (WTA).
3. Tokyo Olympics: Odisha CM Naveen Patnaik announces prize money of Rs 6 crores for gold medal winners from state Rs 4 crore for silver, and Rs 2.5 crore for bronze. Besides, Rs 15 lakh will be given to each of the athletes from the state who have qualified for the Olympics.
USD 74.83 💷GBP 102.98
_In Bhopal (MP)_
🥇 Gold ₹49,615©️10 gm 24 (Krt)
🥈 Silver ₹73,500©️Kg
⛽ Petrol ₹ 108.88
⛽ Diesel ₹ 98.40
LPG : ₹ 841/14.2 Kg
BSE Sensex 52,568.94
NIFTY : 15,727.90
Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ
🇮🇳 Facts about India 🇮🇳
At the time of Independence in 1947, there were 565 princely states governed by The Rajas, Maharajas, Nawabs, Zamindars in india. Princely state of Hyderabad merged into the Indian Union on 17 September 1948. On 16 May 1975, Sikkim became the 22nd state of the Indian Union, and the monarchy was abolished. Jammu became Constitutional state of India on 17 November 1952.......
😀 Thought of the day
You can creat beauty with your attitude, behaviour, actions. It's all up to you.
Joke of the day
*(Pappu** : Our New Neighbour is an
"Aam Aadmi Party" Member
Frnd : How Do U Know That..?
.
Pappu : Today Morning When I Waved My Hand👋🏻 🙋🏻♂️to her and She Showed Me The "Broom"..!
😳 Why❓❓❓
Why crushed stones kept alongside rail tracks? 🚆🚂
The crushed stones are what is known as ballast. Their purpose is to hold the wooden cross ties in place, which in turn hold the rails in place. Due to weather conditions & sun heat, tracks will get expansion & contraction, ground movement and vibration, precipitation buildup from rough weather, and weed and plant growth from underneath, so alignment of tracks get changed and rails couldn't move forward.
Due to Laying of concrete and its sharp edges of the stone make it difficult for wooden logs layed under track to avoid slide over each other; thus effectively locking them in place.
The ballast distributes the load of the ties (which, in turn, bear the load of the train on the track, held by clips) across the foundation, allows for ground movement, thermal expansion and weight variance, allows rain and snow to drain through the track, and inhibit the growth of weeds and vegetation that would quickly take over the track.
LEARN Sanskrit🙏🏻
रति : Means" affection, love, desire, lust, passion and sexual pleasure" in Sanskrit. It is the name of the wife of Kamdev.
🤔 How it works ⁉️
How an Electric heater works.
An electric heater🔌🏮 is an electrical device that converts an electric current into heat. The heating element inside every electric heater is an electrical resistor, and works on the principle of Joule heating: an electric current passing through a resistor will convert that electrical energy into heat energy. Most modern electric heating devices use nichrome wire as the active element; the heating element, depicted on the right, uses nichrome wire supported by ceramic insulators.
💁🏻♂️ GK TODAY
Google was founded in September 1998 by Larry Page and Sergey Brin.
Sundar Pichai was appointed CEO of Google in 2015, In December 2019, he additionally became CEO of Alphabet Inc.
💐 BORN TODAY 🐣
Sagi Lakshmi Venkatapathy Raju, or Venkapathy Raju (born 9 July 1969) is a former Indian cricketer. He has played two World Cups for India in 1992 & 1996. He last played a Test match against Australia in Calcutta, where he captured the wicket of Mark Waugh. He continued playing for Hyderabad for many years, making the final of the 1999–2000 Ranji Trophy. He retired from first-class cricket in December 2004.
🛕 VEDIK GYAN
Story of Triyambkeshwar Jyotrilinga
Trimbakeshwar Shiva Temple is an ancient Hindu temple in the town of Trimbak, in the Trimbakeshwar tehsil in the Nashik District of Maharashtra. The origin of the sacred Godavari river is near Trimbak.
This jyotirlinga is swayambhu and huge.This jyotirlinga does not have pindi in the middle but it has a hole in the middle and inside the hole there are three pindies of Brahma, Vishnu and Mahesh symbolically. This linga always possess water, no body knows it's origin.
Legend Behind Trimbakeshwar Temple
Legend goes that a sage name Gautam Muni resided on the Brahmagiri hill with his wife Ahilya. By virtue of his devotion, the sage received from Varuna, a bottomless pit from which he received an inexhaustible supply of grains and food. The other rishis, jealous of his fortune, arranged for a cow to enter his granary and caused it to die as Gowtam Rishi attempted to ward it off with a bunch of Darbha grass.
Gautam Rishi, therefore, worshipped Lord Shiva to bring the Ganga down to his hermitage to purify the premises. Pleased with devotion, Shiva requested Ganga to flow down and make Sage Gautam pure. After that Ganga flowed down. Lord Shiva told Ganga to stay there eternally for the good of everyone. All the Gods started singing the praises of Gautam Rishi, Ganga and Lord Shiva. On the request of all the Gods, Lord Shiva resided by the river Gautami by the name Trimbakeshwar (one of the Jyotirlingas). Hindus believe that Trimbak Jyotirlinga is one, which fulfills everyone’s desires. It emancipates all from their sins and miseries.
Godavari River also referred to as River Gautami after the name of the Sage Gautama is one of the four rivers which are believed to be bestowed with the divine nectar, Amrit and thus its banks become the hosting ground for Kumbha Mela. Its presence adds to the charm of the holy town just as the simple natural beauty characteristic of hills and mountains of Brahmagiri and Gangadwar that surround it.
🧬 HEALTH CARE: HOME REMEDIES🩺
( Note : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻)
*Earache* 👂🏻
Possible causes that are relatively common include:-
cavities
sinus infections
earwax
tonsillitis
teeth grinding
LEARN Sanskrit🙏🏻
रति : Means" affection, love, desire, lust, passion and sexual pleasure" in Sanskrit. It is the name of the wife of Kamdev.
🤔 How it works ⁉️
How an Electric heater works.
An electric heater🔌🏮 is an electrical device that converts an electric current into heat. The heating element inside every electric heater is an electrical resistor, and works on the principle of Joule heating: an electric current passing through a resistor will convert that electrical energy into heat energy. Most modern electric heating devices use nichrome wire as the active element; the heating element, depicted on the right, uses nichrome wire supported by ceramic insulators.
💁🏻♂️ GK TODAY
Google was founded in September 1998 by Larry Page and Sergey Brin.
Sundar Pichai was appointed CEO of Google in 2015, In December 2019, he additionally became CEO of Alphabet Inc.
💐 BORN TODAY 🐣
Sagi Lakshmi Venkatapathy Raju, or Venkapathy Raju (born 9 July 1969) is a former Indian cricketer. He has played two World Cups for India in 1992 & 1996. He last played a Test match against Australia in Calcutta, where he captured the wicket of Mark Waugh. He continued playing for Hyderabad for many years, making the final of the 1999–2000 Ranji Trophy. He retired from first-class cricket in December 2004.
🛕 VEDIK GYAN
Story of Triyambkeshwar Jyotrilinga
Trimbakeshwar Shiva Temple is an ancient Hindu temple in the town of Trimbak, in the Trimbakeshwar tehsil in the Nashik District of Maharashtra. The origin of the sacred Godavari river is near Trimbak.
This jyotirlinga is swayambhu and huge.This jyotirlinga does not have pindi in the middle but it has a hole in the middle and inside the hole there are three pindies of Brahma, Vishnu and Mahesh symbolically. This linga always possess water, no body knows it's origin.
Legend Behind Trimbakeshwar Temple
Legend goes that a sage name Gautam Muni resided on the Brahmagiri hill with his wife Ahilya. By virtue of his devotion, the sage received from Varuna, a bottomless pit from which he received an inexhaustible supply of grains and food. The other rishis, jealous of his fortune, arranged for a cow to enter his granary and caused it to die as Gowtam Rishi attempted to ward it off with a bunch of Darbha grass.
Gautam Rishi, therefore, worshipped Lord Shiva to bring the Ganga down to his hermitage to purify the premises. Pleased with devotion, Shiva requested Ganga to flow down and make Sage Gautam pure. After that Ganga flowed down. Lord Shiva told Ganga to stay there eternally for the good of everyone. All the Gods started singing the praises of Gautam Rishi, Ganga and Lord Shiva. On the request of all the Gods, Lord Shiva resided by the river Gautami by the name Trimbakeshwar (one of the Jyotirlingas). Hindus believe that Trimbak Jyotirlinga is one, which fulfills everyone’s desires. It emancipates all from their sins and miseries.
Godavari River also referred to as River Gautami after the name of the Sage Gautama is one of the four rivers which are believed to be bestowed with the divine nectar, Amrit and thus its banks become the hosting ground for Kumbha Mela. Its presence adds to the charm of the holy town just as the simple natural beauty characteristic of hills and mountains of Brahmagiri and Gangadwar that surround it.
🧬 HEALTH CARE: HOME REMEDIES🩺
( Note : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻)
*Earache* 👂🏻
Possible causes that are relatively common include:-
cavities
sinus infections
earwax
tonsillitis
teeth grinding
People often use ice packs or warm compresses, like a heating pad or damp washcloth, to relieve pain on the ear
Apply ginger juice, or strained oil that was warmed with ginger in it, around the outer ear canal. Do not put it directly into the ear.
Garlic has both antibiotic and pain-relieving properties. Soak crushed garlic for several minutes in warm olive or sesame oil. Strain the garlic out and apply the oil into the ear canal. Sleep without putting pressure on the ear
See a doctor immediately if you have discharge from the ear and eel severe pain, experience difficulty hearing
Regards
*🙏PLZ FOLLOW GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©️YOUR FAMILY SAFE🌼*
Apply ginger juice, or strained oil that was warmed with ginger in it, around the outer ear canal. Do not put it directly into the ear.
Garlic has both antibiotic and pain-relieving properties. Soak crushed garlic for several minutes in warm olive or sesame oil. Strain the garlic out and apply the oil into the ear canal. Sleep without putting pressure on the ear
See a doctor immediately if you have discharge from the ear and eel severe pain, experience difficulty hearing
Regards
*🙏PLZ FOLLOW GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©️YOUR FAMILY SAFE🌼*
*Good Morning*
India RBI Asks Banks to Use Accepted Alternative to Libor
TCS Quarterly Profit Trails Estimates as IT Boom Boosts Costs
Tata Consultancy to Grow by Double Digits in FY22: CEO
Wharton Grad Set to Take on Big Tech as New India Minister
Twitter Pledges to ‘Fully Comply’ With India Internet Rules
Seeks Eight Weeks to Comply With New India It Rules
Jaguar Land Rover Starts Debt Sale Amid Chip-Shortage Woes
Co. is marketing ~$1b bond in euros & dollars this week
SEBI Cuts Advance Intimation Days on Commodity Derv. Contracts
Raw Sugar Falls Near One-Week Low Amid Supply Prospects
India Cotton Output to Rise Amid Increased Demand, USDA Says
India Cumulative Monsoon Rainfall 5% Below Normal on July 8
Inflows Into India Stock Funds Fell by 40% in June to 60b Rupees
Global Funds Sell Net INR5.55B of India Stocks on Thursday: NSE
Domestic funds sell net 9.49b rupees of stocks
Foreign Investors Buy Net INR6.61B of Indian Equities on July 7
Foreigners Buy Net INR2.59B of India Equity Derivatives Thursday
Agri minister appeals farmer unions to end protest, resume talks over farm laws: PTI
Jaishankar says India-Russia ties among steadiest of major relationships in the world: PTI
Aban Offshore (ABAN): Says received possession notice of assets from PNB
Bharat Dynamics (BDL): Signs contract for Akash missile supply
Central Depository Services (CDSL): Says has crossed 40 million active demat accounts
Tata Consultancy (TCS): 1Q net income 90.1b rupees vs. 70.1b Y/y, misses est. 93.97b; revenue +19% y/y to 454.1b; Dividend 7 rupees/shr
India RBI Asks Banks to Use Accepted Alternative to Libor
TCS Quarterly Profit Trails Estimates as IT Boom Boosts Costs
Tata Consultancy to Grow by Double Digits in FY22: CEO
Wharton Grad Set to Take on Big Tech as New India Minister
Twitter Pledges to ‘Fully Comply’ With India Internet Rules
Seeks Eight Weeks to Comply With New India It Rules
Jaguar Land Rover Starts Debt Sale Amid Chip-Shortage Woes
Co. is marketing ~$1b bond in euros & dollars this week
SEBI Cuts Advance Intimation Days on Commodity Derv. Contracts
Raw Sugar Falls Near One-Week Low Amid Supply Prospects
India Cotton Output to Rise Amid Increased Demand, USDA Says
India Cumulative Monsoon Rainfall 5% Below Normal on July 8
Inflows Into India Stock Funds Fell by 40% in June to 60b Rupees
Global Funds Sell Net INR5.55B of India Stocks on Thursday: NSE
Domestic funds sell net 9.49b rupees of stocks
Foreign Investors Buy Net INR6.61B of Indian Equities on July 7
Foreigners Buy Net INR2.59B of India Equity Derivatives Thursday
Agri minister appeals farmer unions to end protest, resume talks over farm laws: PTI
Jaishankar says India-Russia ties among steadiest of major relationships in the world: PTI
Aban Offshore (ABAN): Says received possession notice of assets from PNB
Bharat Dynamics (BDL): Signs contract for Akash missile supply
Central Depository Services (CDSL): Says has crossed 40 million active demat accounts
Tata Consultancy (TCS): 1Q net income 90.1b rupees vs. 70.1b Y/y, misses est. 93.97b; revenue +19% y/y to 454.1b; Dividend 7 rupees/shr
*SGX Nifty -42 pts (15690) from last trade 15732 ,*
Nikkei -504 pts ,
Hangseng -22 pts ,
Now @7.00am .
Dow -259.86 pts ,Nsdq -105.28 pts, S&P
-37.31 pts, Bovespa -1590 pts , Ftse -120 pts , Dax -272 pts , Cac -230 pts , Crude @ $73.21 brl (+0.27), Brent @ $74.12 brl (+0.00) , Gold @ 1803.30 (+3.00), Silver @ $25.985 (-0.002), Euro @ $1.1847, JPY @ $109.81, INR @ 74.695
*Today's Corporate Action*
*9th Jul Ex Date*
CONTROLPR
Final Dividend - Rs. - 4.5000
DRREDDY
Final Dividend - Rs. - 25.0000
KIRLPNU
Final Dividend - Rs. - 3.5000
NAVINFLUOR
Final Dividend - Rs. - 6.0000
TRENT
Final Dividend - Rs. - 0.6000
*Today's Key Results/Board Meetings*
*9-Jul-21*
AAL
A.G.M.;Bonus issue;Increase in Authorised Capital;General
AJEL
Audited Results
DELTACORP
Quarterly Results
EXCEL
Quarterly ResultsI
CSL
Quarterly Results
KRRAIL
Audited Results
MADHUCON
Audited Results
MAPROIN
Audited Results
PILITA
Quarterly Results
VALENCIA
Audited Results;General
*Stock under F&O ban on NSE*
*9-Jul-21*
1IBULHSGFIN
2NATIONALUM
3NMDC
4PNB
5SAIL
Nikkei -504 pts ,
Hangseng -22 pts ,
Now @7.00am .
Dow -259.86 pts ,Nsdq -105.28 pts, S&P
-37.31 pts, Bovespa -1590 pts , Ftse -120 pts , Dax -272 pts , Cac -230 pts , Crude @ $73.21 brl (+0.27), Brent @ $74.12 brl (+0.00) , Gold @ 1803.30 (+3.00), Silver @ $25.985 (-0.002), Euro @ $1.1847, JPY @ $109.81, INR @ 74.695
*Today's Corporate Action*
*9th Jul Ex Date*
CONTROLPR
Final Dividend - Rs. - 4.5000
DRREDDY
Final Dividend - Rs. - 25.0000
KIRLPNU
Final Dividend - Rs. - 3.5000
NAVINFLUOR
Final Dividend - Rs. - 6.0000
TRENT
Final Dividend - Rs. - 0.6000
*Today's Key Results/Board Meetings*
*9-Jul-21*
AAL
A.G.M.;Bonus issue;Increase in Authorised Capital;General
AJEL
Audited Results
DELTACORP
Quarterly Results
EXCEL
Quarterly ResultsI
CSL
Quarterly Results
KRRAIL
Audited Results
MADHUCON
Audited Results
MAPROIN
Audited Results
PILITA
Quarterly Results
VALENCIA
Audited Results;General
*Stock under F&O ban on NSE*
*9-Jul-21*
1IBULHSGFIN
2NATIONALUM
3NMDC
4PNB
5SAIL