Value investing and swing trading(money markets academy)

2021-06-30 08:46:44 Open / Comment

2021-06-30 06:17:57 News at a glance

*Economic Times*

India breaks into top 10 countries on UN’s index measuring commitment to cybersecurity

Government issues draft notification on ethanol blending in petrol

Government cuts import duty on crude palm oil to 10%

FM asks ministries to surpass capex target set for FY22

MHA issues fresh COVID-19 guidelines for States/UTs

Bharti to invest additional Rs 3,700 cr into OneWeb

Indiabulls Housing Finance gets board nod for Rs 7,000 cr fund mop-up

SoftBank-backed Dingdong rises 19% in market debut, valued at $6.6b

Ruchi Soya posts Rs 314 cr profit in Q4

GIC Re posts Rs 1,991 cr profit in FY21

Reliance Industries announce mega petrochemical joint venture with ADNOC in UAE

Emami Realty to develop township worth Rs 300 crore in Kolkata

10club raises one of the largest seed funding rounds in India

Grofers to turn unicorn with Zomato funds

*Business Standard*

Cipla gets DCGI nod to import Moderna vaccine; no commercial deal yet

Sebi overhauls norms for appointment, removal of independent directors

Godrej holding company hikes stake in Godrej Properties, Agrovet

Serum Institute applies for EU nod through drugmaker AstraZeneca

Standard Life sells 5% stake in HDFC Life Insurance in two tranches

NTPC to hive renewable arm and list it soon, plans to add 60 Gw capacity

NITI moots 100% I-T exemption for donations to not-for-profit hospitals

Private sector banks' share in loans rises to 36.5% in FY21

World Bank raises China's economic growth outlook to 8.5% from 8.1%

Indian hedge funds beat Asian, EM peers; provide 6.6% returns in May

Gadkari emphasises on all-round efforts for Aatmanirbhar Bharat initiatives

*Financial Express*

DoT starts online portal for spectrum allocation for trials to telcos

Axis Bank inks multi-year deal with AWS for powering digital banking services

NXP, Jio Platforms team up to drive expanded 5G use cases in India

Parag Milk forays into fat-free milk segment, priced at Rs 120-140/litre

Cabinet may soon clear proposal for govt guarantee to bad bank

UK-based fintech firm Tide enters India to tap the growing SMB market, to invest Rs 1,000 crore over the next five years

Airblack raises $5.2 million in funding from Info Edge Ventures, Elevation Capital

RBI in a bind amid weak growth, surging inflation; may not hike rates till Q1 FY23: Report

US announces USD 41 million additional COVID 19 assistance to India

*Mint*

NCERT to develop separate curriculum frameworks as part of NEP

Quizizz raises $31.5  million  from Tiger Global, Yahoo’s Yang

Oil rises as OPEC fuels demand hopes amid new Covid-19 worries

India mulls rules to encourage companies' shift to green energy

Amitabh Kant gets one year extension as NITI Aayog CEO

Parliamentary panel directs Facebook, Google to comply with new IT rules: Report

Centre creates online portal to collect real-time data of govt, pvt warehouses

SEBI raises maximum reward for investor trading informants to ₹10 crore

IRCTC Q4 results: Net falls 23% to ₹104 cr, firm announces dividend of ₹5. Open / Comment

2021-06-30 06:02:33 Insider Trades

Adani Green Energy: Promoter Infinite Trade and Investment bought 18 lakh shares on June 25.

Eris Lifesciences: Promoter Himanshu Shah sold 44,127 shares between June 24-25

Glenmark Pharmaceuticals: Promoter Glenn Saldanha bought 7,800 shares on June 23.

JSW Energy: Promoter Siddheshwari Tradex created a pledge of 30 lakh shares on June 24.

JK Cement: Promoter Ramapati Singhania sold 1,400 shares on June 25.

Karda Constructions: Promoter Prem Karda sold 3 lakh shares on June 25.

Lincoln Pharmaceuticals: Promoter Munjal Patel bought 50,000 shares on June 28

MRF: Promoter Soma Philips sold 718 shares between June 24-25.

Man Infraconstruction: Promoter Parag Shah bought 2.50 lakh shares on June 25.

Olectra Greentech: Promoter LP Sashikumar sold 50,000 shares between June 23-25

Sterlite Technologies: Promoter Jyoti Agarwal sold 31,500 shares on June 25.

Titagarh Wagons: Promoter Titagarh Capital Management Services bought 4.76 lakh shares on June 22. Open / Comment

2021-06-30 06:02:13 Results

Balmer Lawrie Investments, DCM Shriram, DREDGING Corporation Of India, EID-Parry (India), Fermenta Biotech, Finolex Cables, Gallantt Metal, Gallantt Ispat, GOCL Corporation, Gujarat Mineral Development, Hindustan Oil Exploration, Himadri Speciality Chemical, HUDCO, IND-Swift Laboratories, IRCTC, irfc, MTNL, NBCC (India), Rossell India, Ruchi Soya Industries Open / Comment

2021-06-30 06:01:44 Stocks To Watch

• Cipla, Dr. Reddy’s Laboratories, Emcure Pharmaceuticals, Sun Pharmaceutical Industries and Torrent Pharmaceuticals will collaborate for clinical trial of investigational anti-viral drug Molnupiravir for the treatment of mild Covid-19 in an outpatient setting. The companies will jointly sponsor, supervise and monitor the clinical trial in India; trial expected to take place between June and September this year across the country with the recruitment of 1,200 patients.

• AstraZeneca Pharma India: Told to pay Rs 157 crore by National Pharmaceutical Pricing Authority. NPPA issued the demand notice to AstraZeneca India alleging the company overcharged the same amount in the sale of Tagrisso tablets from March 8, 2019 to January 31, 2021. AstraZeneca said it has followed all applicable laws related to pricing of its product. The drugmaker has filed a petition in Delhi high court challenging the NPPA notice.

• Reliance Industries: Has partnered with Abu Dhabi National Oil Company to set up a new petrochemical complex in Ruwais, Abu Dhabi. This will be a new chlor-alkali, ethylene dichloride and polyvinyl chloride production facility. The project will be constructed in the TA’ZIZ Industrial Chemicals Zone, which is a joint venture between ADNOC and ADQ. Under the terms of the agreement, this integrated plant will have a capacity to produce 940 thousand tons of chlor-alkali, 1.1 million tons of ethylene dichloride and 360 thousand tons of PVC annually.

• Cipla: Is supporting Moderna Inc. with the regulatory approval and importation of vaccines to be donated to India. At this stage, there is no definitive agreement on commercial supplies.

• Bharti Airtel: Bharti Global to invest additional $500 million in OneWeb, a U.K.-based satellite start-up. Bharti Global will become the biggest shareholder in OneWeb following the investment, according to a Financial Times report. Bharti’s stake now stands at almost 39%; U.K. government, Eutelsat and SoftBank each hold slightly over 19% in the company.

• Induslnd Bank: Sold 70.67 lakh equity shares of McLeod Russel India on June 28.

• Coal India: To create carbon offset of around 2.5 lakh tonnes in next five years. It aims to achieve carbon offset of more than 60,000 tonnes by end of this year. In a bid to reduce carbon footprint in its operational area, Coal India has put special thrust on energy efficiency measures and is forging ahead with a series of measures to offset carbon emission in mining operation in all its coal-producing companies.

• CG Power and Industrial Solutions: CBI has registered an FIR against the company, its erstwhile promoters and some of the past directors/officials. The FIR is based on a complaint filed by State Bank of India on behalf of all the former lenders of the company. The company is extending full support and co-operation to CBI, it said in an exchange filing.

• Isgec Heavy Engineering: Received an order for Wet Limestone Flue Gas Desulphurisation System and Flue Gas Conditioning System Package from Odisha Power Generation Corporation for their Thermal Power Station at Banharpalli.
• DCM Shriram Industries: Approved sub-division of existing one share of face value of Rs 10 each into five shares of face value of Rs 2 each. This is being done to improve the liquidity of the company's shares on the stock market and to make the same available to small investors.

• NBCC (India): Has been awarded the work order for engagement as Project Management Consultant for undertaking various civil works of Odisha Hydro Power Corporation. Open / Comment

2021-06-29 18:32:40

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2021-06-29 15:32:29

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2021-06-29 14:25:02

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2021-06-29 12:45:22 Open / Comment