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Morning news
11/06/2025
Good Morning | Vande Mataram
Daily Financial News Digest
Date: Tuesday, 11 June 2025
Compiled by: Rudra Shares
Energy, Commodities & Clean Tech
•IndianOil Outpaces Rivals in Diesel Sales: IndianOil has gained significant bulk diesel market share in April–May, surpassing private players Reliance Industries and Nayara Energy.
•TrueAlt Becomes New Oil Marketing Company:
Receives OMC status and plans to set up 100 retail fuel outlets, adding competition in the downstream sector.
•Maruti Suzuki Slashes EV Production: Cuts near-term electric vehicle output by two-thirds, citing a rare earths supply crisis.
•Mining Sector Seeks ₹15,000/kWh Subsidy: Industry urges government support to promote adoption of electric trucks in mining logistics.
•Rare Earth Geopolitics in Focus:
As the US engages with China, India closely monitors the developments, evaluating its strategic position in rare earth supply.
•Vedanta Aims for Investment-Grade Status:
Commits to cutting debt to $3 billion by FY27, aligning with plans to strengthen credit ratings.
•Government Pushes Battery Storage with ₹5,400 Cr Incentive: To support the creation of 30 GWh of energy storage capacity via Viability Gap Funding.
•India to Standardise AC Temperatures: Policy being rolled out to optimise electricity consumption in commercial and residential buildings.
Banking, Insurance & Financial Services
•Axis Max Life Appoints New CEO: Sumit Madan takes charge as the new Chief Executive Officer, signalling a leadership transition.
•Jana Small Finance Bank: Reinforces Governance Focus*
MD & CEO states the bank is focused on tight credit practices and strong governance.
•TA Associates Exits AU SFB:
Offloads 1.26% stake for ₹714 crore, part of its phased exit strategy.
•Flexiloans Expands Offerings:
After raising ₹665 crore, the digital lender plans to diversify into insurance distribution.
•IOB Launches ‘Locate IOB’:
Initiative aims to improve customer convenience by helping users easily find the bank’s branches and ATMs.
•Equity Mutual Fund Inflows Decline:
Inflows fell to a 13-month low in May, despite a broad market recovery — potential shift in investor sentiment.
•Cred’s Valuation Correction Rings Warning Bell: Reflects a cautious tone in India’s fintech space, possibly signaling maturing investor expectations.
Markets, Trade & Economy
•India Inc Capex to Double:
Companies expected to invest $850 billion over the next five years, says an S&P report.
•E-Way Bills Surge 19% in May:
Clocked 122.65 million bills, indicating a rebound in goods movement and trade.
•India & US Move Closer to Trade Pact:
After a week of intensive negotiations, both nations show signs of agreement on multiple trade fronts.
•World Bank Holds India’s Growth Forecast Steady:
Despite global trade uncertainties, the Indian economy remains on a stable path.
Infrastructure & Real Estate
•Indian Real Estate Eyes ₹15,000 Cr IPO Pipeline:
Developers are gearing up to tap capital markets amid improving demand and regulatory stability.
•Oswal Pumps IPO Launches June 13:
Price band set at ₹584–₹614 per share.
•MMRDA Ordered to Pay ₹1,169 Cr to Reliance Infra Arm:
Bombay High Court orders compensation related to infrastructure project disputes.
•Coal India Partners with Kolkata Port: MoU signed for dynamic lighting of Howrah Bridge, contributing to heritage and ESG efforts.
Auto, Defence & Manufacturing
•Hyundai Maintains Rare Earth Buffer: Has sufficient stockpile to last up to a year, safeguarding production continuity.
•Reliance Defence Ties Up with German Firm: Anil Ambani’s firm to manufacture advanced munitions in India.
Retail, Consumer & Lifestyle
•Titan to Double Bag Sales:
Focused on expanding its IRTH and Fastrack brands to drive FY26 growth.
•Grasim: Paints Segment Gains Investor Favor: Despite weakness in the core business, the paints division attracts capital inflows.
Agriculture & Rural
•Maharashtra Urges Farmers to Delay Sowing: With the monsoon delayed until June 15, the government has issued guidance to avoid crop loss.
Environment, Policy & ESG
•Air Quality MoU Signed for Delhi NCR: Multi-stakeholder partnership to reduce dust pollution in the region.
Space & Technology
•ISRO to Benefit from Axiom-4:
The mission offers critical astronaut experience for India’s Gaganyaan program.
Global Developments
•Trump Warns Protesters Ahead of Army Parade: Calls for use of 'heavy force', escalating political tension in the US.
•Immigration Raid Sparks Protest in Omaha: Federal action at a food plant draws strong backlash.
•Public Companies Dive Into Bitcoin: A growing trend sees listed firms accumulating crypto assets as treasury diversifiers.
Jai Hind
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