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Morning news
06/05/2025
Good morning
News Headline from Leading Financial News Papers, Compiled by 𝐑𝐔𝐃𝐑𝐀 *Shares*
Tuesday, 06 May 2025
• Luxury automakers sell more pre-owned cars than new ones in 2024: Report
• Don’t expect any major downgrades in consumer discretionary, global cyclical sectors, says HDFC Securities' Unmesh Sharma
• Bulk & Block deals: HDFC Life Insurance offloads 1.26% stake in Kesoram Industries
• FIIs extend buying streak to 13th session, infuse Rs 497 crore on May 5; DIIs pump in Rs 2,789 crore
• M&M expects to outpace industry in FY26, sees EV buyers as incremental, not cannibalising ICE sales. aims to roll out 1.2 lakh more vehicles a year from new Chakan platform.
• M&M delivers 6,300 EVs in 40 days, gears up for new platform launch and EU entry
• Gensol Engineering shares hit lower circuit for 17 consecutive sessions, m-cap sinks 98% from highs
• IRCON shares jump on bagging Rs 458 crore railway order in Arunachal Pradesh
• Suven to Divi’s: Indian CDMOs seize opportunity in pivot away from China amid global trade tensions
• Glenmark's novel cancer drug gets fast track status from USFDA
• Shell, Reliance & ONGC JV completes India's first offshore facilities decommissioning project
• 'PSU repayments blunt State bank of India’s corporate loan growth in FY25
• Maruti Suzuki market share dips below 40 pc in April
• Compensation for oil companies if changes in law shave off $5 mn in earnings a year
• SP Group likely to raise $3.25 billion at 19.75%
• Bank of Baroda cuts home loan rates by 40 bps for new borrowers
• Government to finalise view on liquidation of Bhushan Power and Steel soon, says DFS Secretary
• Union Bank faces heat over ₹7.25 crore book purchase
• Cash withdrawals from ATMs on the rise
• High utilisation, deal momentum to support Persistent Systems margins
• Bangladesh owes Adani Power around $900 mn: CFO Dilip Jha
• From the creator of tariffs: Trump’s film tariff threatens Bollywood’s US run
• India to soon get a new CBI Director; PM chairs meet
• LG Electronics India will not be pressured to list immediately: Chang-tae Kim
• India tightens satcom rules: Starlink, OneWeb, Jio-SES must meet 30 security norms to offer services
• India orders defence drills as Indo-Pak tensions rise
• Japan wants India to say 'Yes' for its largest Indian banking bet
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