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Morning news
13/06/2025
Good Morning Vande Mataram
Financial News, Compiled from leading financial newspapers – Rudra Shares
Friday, 13 June 2025
Automobiles & Energy*
* Gadkari seeks 5% GST on crude ethanol to encourage flex-fuel vehicles, warns against equal tax with petrol.
* A ₹52,000 crore backlog builds up off the roads as car sales slow down.
* Auto sector proposes a 3-step strategy to reduce dependency on China for rare earth magnets.
* Hyundai India navigates rare earth shortage by tapping into parent company’s global supply chain.
Banking & Finance*
* According to the CFO of P\&G Hygiene and Health Care, full recovery in urban consumption is still some time away.
* Bank of Maharashtra cuts retail loan interest rates by up to 50 basis points.
* RBI cancels VRR auction for the third time citing stable liquidity.
* Banks’ non-SLR investments rise by 15% in FY25.
* RBI allows trading of state government securities under STRIPS mechanism.
* Bajaj Finance reduces deposit rates and removes special benefits for senior citizens.
* NBFCs emerge as top overseas borrowers in April.
* Shriram Group launches a wealth management arm in partnership with Sanlam Group.
Events & Geopolitics
* Israel launches preemptive strikes on Iran’s nuclear and missile sites; nationwide emergency declared.
* Over \$120 million in potential losses: Air India crash may rewrite aviation insurance history.
* “A difficult day for all of us,” says Air India CEO Campbell Wilson following the crash.
* Shares of IndiGo and SpiceJet fall sharply after the Air India accident.
Global & Digital*
* Massive Google Cloud outage disrupts several major internet services.
* “I need exposure to India” sentiment boosts IPO pipeline and block trade activity.
* "Dollar weakness is turning all fund managers into currency traders."
* Jio BlackRock appoints Rishi Kohli as CIO of its mutual fund division.
*Stock Market & Investments*
* MapmyIndia shares decline as 28.6 lakh shares change hands; PhonePe is the likely seller.
* Paytm shares recover partially after Ministry of Finance clarifies stance on MDR speculations.
* MC Market Poll: Two-thirds of respondents believe Indian stocks have bottomed out.
* Sterlite Technologies hits a three-year high after securing BSNL’s BharatNet order.
* Asian Paints stock surges after ₹7,703 crore worth of equity changes hands in a large block deal.
* BSE shares extend losses, dropping over 7% in two sessions post-inclusion in ASM framework; MCX, CDSL also follow the trend.
* Defence stocks fall for the fourth time in five sessions amid profit booking; Mazagon Dock and GRSE decline up to 3%.
* Oswal Pumps IPO opens today.
* Reliance Industries offloads 3.5 crore Asian Paints shares at ₹2,201 per share.
* Jubilant Group promoter likely to sell minor stakes in listed firms, including 2% in Jubilant Food, via block deals: CNBC-Awaaz.
Corporate Moves
* SEBI grants exchanges relief from Product Advisory Committee meetings for agri contracts.
* Société Générale acquires 60.94 lakh shares of Eternal in a block deal.
* Reckitt Benckiser reportedly in exclusive talks with PE firm Advent to sell its essential home products business.
* Ashwin Sheth Group partners with PAG to acquire a 50% stake in the stressed One Marina project.
* High taxes may hamper the premium growth strategy of alcohol companies.
Jai Hind
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