INDIA
Samajwadi Party announces support to AAP over Central ordinance
Kejriwal was accompanied by Punjab Chief Minister Bhagwant Mann at the meeting.
INDIA
Karnataka govt to receive socio-economic caste survey report: CM Siddaramaiah
He said various communities will be given provisions based on the survey data.
BUSINESS
CoinDCX appoints Vijay Ayyar as VP to oversee global expansion plans
Ayyar will be leading the operations, strategy, growth and execution for CoinDCX to establish its international presence. Based in Singapore, he comes with over 17 years of experience in crypto, big tech and consulting.
BUSINESS
MC Selects Podcast: Your on-the-go daily news wrap
Moneycontrol presents a specially-curated podcast to track the day's biggest stories. Don't miss MC Selects on Moneycontrol for your daily dose of business news and top headlines, every weekday evening.
BUSINESS
SpiceJet launches Hajj operations with special flights from five cities
SpiceJet will operate these special flights to Jeddah between 7th June and 22nd June, 2023. Return flights from Medina are also scheduled from 17th July to 2nd August, 2023.
BUSINESS
Cybersecurity start-up CloudSEK hit by DDoS attack
Last year, CloudSEK faced another cyber attack, where an employee's Jira password was compromised to get access to the company's confluence pages
BUSINESS
Allcargo Logistics arm Transindia Real Estate to sell logistics parks to Blackstone; stock up 3%
The company said that the logistics park in Jhajjar will be sold at an enterprise value of approximately Rs 625 crore
INDIA
ISRO partners with Tata Elxsi to strengthen capabilities for Gaganyaan Mission
The Gaganyaan project by ISRO aims to showcase the ability for human space travel by launching a crew into a 400-kilometre orbit for a three-day mission and safely returning them to Earth by landing in the Indian sea waters
BUSINESS
Growth pangs to continue for specialty chemicals, says Nuvama Institutional Equities
Weakening demand, softening raw material prices and inventory liquidation are hurting India's specialty chemical players
BUSINESS
Man Infra hits 52-week high as subsidiary announces residential project in Mumbai
This project, which will come up in Ghatkopar East, has the potential to generate revenue of Rs 1,200 crore in the next four years, Man Infra has said
BUSINESS
Brightcom locked in upper circuit for second day in a row
Brightcom shares saw a surge in retail interest back in 2021, when the stock skyrocketed from Rs 3 to Rs 117
TRENDS
Samsung to focus on foldables for Galaxy Unpacked in July
This will mark the first time that the event will take place in Seoul, South Korea, Samsung's hometown.
BUSINESS
Market Live : Nifty ends above 18,700 mark; all sectoral indices ended in green | Bajar Gupshup
Benchmark indices ended on strong note on June 7 with Nifty above 18,700 led by buying across the sectors. Biggest gainers on the Nifty were Britannia Industries, Tata Consumer Products, BPCL, Nestle India and HDFC Life, while losers were Cipla, Kotak Mahindra Bank, Bajaj Finance, M&M and Maruti Suzuki. Catch Yatin Mota live on Moneycontrol.
BUSINESS
Tumbling international prices worsen outlook for chemical stocks
A further fall in price spells bad news for the industry already facing a demand slowdown. A rush of Chinese chemicals in the international market due to low domestic demand, a subdued Europe and declining crude prices are exert pressure on prices
BUSINESS
Rupee closes marginally higher against US dollar
The Indian rupee on June 7 ended marginally higher against the US dollar tracking gains in the Asian peers and local equity markets.
BUSINESS
Bank bond issuance may fall to Rs 90,000 crore in FY24, says ICRA
Outstanding Tier-I bonds are expected to increase slightly to Rs 1.3 lakh crore by March 2024 from Rs 1.2 lakh in March 2023, ICRA said in a report
BUSINESS
Cabinet approves Rs 89,047 crore third revival package for BSNL
Briefing the press on the decisions, Union Minister Piyush Goyal said that BSNL has 4G coverage in many areas of the country and is close to covering almost the entire country.
MARKETS
Market Live: Nifty Crosses 18,700 For 1st Time In 2023; Tata Consumer In Focus | Closing Bell
Sensex and Nifty advanced on Wednesday, led by consumer stocks, ahead of the Reserve Bank of India's monetary policy decision and on hopes of an interest rate pause by other major central banks. All the 13 major sectoral indexes logged gains, with high weightage financials and information technology rising 0.3% and 0.4%, respectively. IT stocks slid in the previous session as fears of a global economic slowdown ratcheted. A sharp cut in the revenue guidance of U.S. software firm EPAM citing cautious client spending added to the concerns. Nandita Khemka & Yatin Mota discuss the newsmakers on their radar including Tata Consumer, Torrent Power, among others only on closing bell.
WEATHER
Cyclone Biparjoy rapidly intensifies into severe cyclonic storm: See Pics
Cyclone 'Biparjoy' is the first storm brewing in the Arabian Sea this year. Local local authorities have issued warnings to fishermen from venturing into the deep sea in view of severe cyclonic storm 'Biparjoy' over the Arabian Sea.
BUSINESS
Rural market still not out of the woods. When will HUL hit Rs 3,000?
While urban markets continue to drive premiumisation, rural India is reeling under inflationary pressures, Nomura has said in a report.
BUSINESS
HealthifyMe raises $30 million in pre-series D round via convertible notes
In July 2021, the startup raised $75 million in a series C round led by US-based LeapFrog and healthtech-focused venture capital firm Khosla Ventures
BUSINESS
Cabinet okays plan to increase Gurugram metro connectivity
Union Minister Piyush Goyal said the Haryana metro connectivity project to cost Rs 5,453 crore and will be completed in four years
BUSINESS
SaaS firm Lentra bags $27 million led by MUFG Bank and Dharana Capital
Founded in 2019, by D Venkatesh and Ankur Handa, Lentra is a Cloud-native platform designed and developed to help financial institutions.
BUSINESS
WTC Final: India opt to bowl against Australia
The Rahul Dravid-coached side went in with a four-pronged pace attack and preferred Ravindra Jadeja over seasoned off-spinner Ravichandran Ashwin.
