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Global market today
Good morning
Global market today
Stocks to watch-

Small Finance Banks: The RBI has invited applications from small finance banks meeting specified criteria, including a minimum net worth of Rs 1,000 crore, for becoming regular or universal banks. There are about a dozen SFBs, including AU Small Finance Bank, Equitas Small Finance Bank, and Ujjivan Small Finance Bank.

HCL Technologies: HCL Software, the software business unit of HCL Tech announced that it has been selected by the State Bank of India for their Mar Tech solution as part of SBI's digital transformation program.

Apollo Hospitals Enterprise: The company's arm Apollo HealthCo to raise Rs 2,475 crore from Advent International and integrate Keimed over the next 24-30 months.

Adani Enterprises: The company's Mauritius- based arm completed the acquisition of a 49% stake in Abu Dhabi-based Adani Esyasoft Smart Solutions for $24,500.

Patanjali Foods: The company received a proposal to acquire a non-food business from Patanjali Ayurved.

NDTV: The company reported a 59% growth in revenue YoY in the fourth quarter. Its digital arm witnessed a significant increase of 39% in global traffic in March 2024.

AMI Organics: The company approved raising to Rs 99 crore via preferential issue of shares.

Cipla: The company arm Cipla Health completed the purchase of cosmetics and personal care business from Ivia Beaute.

Hinduja Global Solutions: The company arm acquired a 51% stake in Seven Star Balaji Broadband. Seven Star Balaji Broadband is now the step-down arm of the company.

Macrotech Developers: NCLT has approved a resolution plan for V Hotels in which the company will pay Rs 900 crore under the resolution plan for V Hotels over 270 days; the First tranche of Rs 90 crore has already been remitted.

Lloyds Enterprises: The company has invested a 26% stake in Adithya Power.
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Global market today
Stocks to watch-

NMDC: The company increased prices of lump ore by Rs 400 per tonne to Rs 6,200 per tonne and fines by Rs 200 per tonne to Rs 5,260 per tonne.

KEC International: The company received new orders worth Rs 1,036 crore across various businesses. The company has received transmission and distribution projects in the Middle East and the US.

Wipro: The company announced the launch of its own Lab45 Think Tank to help enterprise leaders and Wipro customers prepare for a future with emerging technologies. Lab45's Think Tank will study the impact of emerging technologies such as generative Al, space technology, spatial and quantum computing, loT, etc. on business, people, and the planet.

Tata Elxsi: Tata Power Community Development Trust has partnered with the company to drive its "Pay Autention" initiative forward.

Coromandel International: The company commenced activity to set up its 1000-crore plus phosphoric acid and sulfuric acid plants at Kakinada, Andhra Pradesh.

Rites: The company received a letter of acceptance worth $111 million from Bangladesh Railway for the supply of passenger carriages.

Rail Vikas Nigam: The KRDCL-RVNL joint venture received a letter of acceptance worth Rs 439 crore for the redevelopment of Thiruvananthapuram station.

Rashtriya Chemicals and Fertilizers: The Ministry of Chemicals approved the revised investment worth Rs 2,170 crore by the company in Talcher Fertilizers. Talcher Fertilizers is a JV between the company, GAIL, Coal India, and Fertilizer Corp.

Thomas Cook: The company and SOTC successfully operated their inaugural charter to Bhutan from Bengaluru on April 27 and the flight was operated at 100% capacity. This exceptional delivery underscores the robust demand from Bengaluru and Karnataka for premium destination experiences.
Good morning
Global market today
Good morning
Global market today
Stocks to watch-

◆ Bajaj Finance: The Reserve Bank of India lifted restrictions on the company's eCOM and online digital Insta EMI Card products with immediate effect.

◆ Adani Energy: The company is in a pact with Windson Project to acquire Pointleap Projects for Rs 13.15 crore.

◆ Max Estates: The company arm signed an agreement for a residential development project in Gurugram with a GDV potential of over Rs 9,000 crore.

◆ UGRO Capital: The company plans to raise Rs 1,323 crore via CCDs and warrants and acquire 'MyShubhLife' for an aggregate consideration of Rs 45 crore.

◆ Mazagon Dock Shipbuilders: The company received an international shipbuilding order worth $42 million to construct three hybrid-powered vessels.

◆ Hindustan Unilever: HUL appointed Vipul Mathur as Executive Director, Personal Care, effective June 1st.

◆ Wipro: The company will implement Wipro's Medicare Prescription Payment Plan platform for the upcoming open enrollment period.

◆ Indian Energy Exchange: The company achieved 9,044 MU overall volume in April, marking a 14.1% YoY increase, and REC volume at 618 MU, up 211% YoY.

◆ Jubilant Pharmova: The company appointed Harsher Singh as CEO of the Radio pharma business.

◆ Gujarat Industries Power: The company entered into a loan agreement worth 2,832 crore with the national bank for financing infrastructure and development.

◆ Moil: The company reported April production up 22% YoY and sales up 17% YoY.

◆ KEI Industries: The company partnered with BRUGG to produce EHV cables up to 400 kV.
Good morning
Global market today
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Kotak Mahindra Bank: The bank's PAT for FY24 increased by 26% YoY to 13,782 crore. The PAT for Q4FY24 was 4,133 crore, an 18% YoY increase. The bank's NII for FY24 increased by 21% YoY to ₹25,993 crore. The NIM for Q4FY24 was 5.28%. The bank's board recommended a 2 per share dividend.

Avenue Supermarts: The company, which runs large format retail stores DMart, reported a 22% YoY increase in their net profits for Q4FY24, with the PAT rising to ₹563.1 crore. The company's revenue from operations grew by 20% to 12,726 crore.

Mahindra Finance: The company's total income for Q4FY24 was ₹3,706 crores, a 21% YoY increase. However, its PAT decreased by 10% YoY to ₹619 crores, while its NII increased by 14%, to ₹1,971 crores. The company's NIM was stable at 7.1%. Disbursements rose by 11% to ₹15,292 crores, and the Gross Loan Book grew by 24% YoY to 1,02,597 crores. The company also improved its asset quality, reducing Stage 3 assets to 3.4% from 4.0% in December 2023. Credit costs were within the targeted range of 1.5% 1.7%.

Britannia Industries: The company reported a consolidated net profit of ₹536.61 crore for the March quarter, a decline of 3.76% from the same quarter of the previous financial year. The total revenue of the company stood at ₹4,069.36 crore, rising 1.14% from the year-ago quarter.

IDBI Bank: The bank reported a 43.7% YoY increase in net profit for Q4FY24, at 1,628.5 crore. The bank's NII rose by 12.4% to ₹3,687.9 crore. The bank's board recommended a dividend of ₹1.50 per equity share for FY24.

Adani Enterprises: The company has expressed interest in developing the port of Bataan in the Philippines. The company plans to construct a 25- meter deep port designed to accommodate Panamax vessels. Separately, the Adani Group's Mundra petrochemical project is set to receive a loan of ₹17,000 crore from a consortium led by the State Bank of India (SBI), covering 60-70% of its capital expenditure requirement. The loan will aid in the financial closure of the project, which had halted last year due to allegations of financial fraud. The project, requiring a total capex of ₹25,000-27,000 crore, resumed operations in July last year.

Titan Company: The firm reported a Q4 standalone net profit of ₹786 crore, up 7% YoY. The company's revenue rose 17% to ₹10,047 crore. EBITDA for the quarter was at ₹1,109 crore, growing by 6.2%. The board recommended a dividend of 11 per equity share.

JSW Infrastructure: The company plans to invest over 2,500 crore in fiscal year 2025 to expand its cargo handling capacity. The company anticipates a 50% increase in capacity to 258 million tonne with an investment of ₹14,000 crore by 2027.
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