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Morning News
06/03/2025
Good morning News Headline from Leading Financial News Papers, Compiled by ЁЭРСЁЭРФЁЭРГЁЭРСЁЭРА ЁЭРТЁЭРЗЁЭРАЁЭРСЁЭРДЁЭРТ Thursday, 06 March, 2025 * Ola Electric receives Rs 73.7 crore incentives under PLI-Auto scheme, becoming the first 2W auto maker in India to qualify * HPCL, Tata Motors launch co-branded diesel exhaust fluid 'Genuine DEF' * Nuclear power road map towards 100 GW goal likely by month end * Digital lenders, microfinance companies urge RBI to set interest rate formula for small loans * Adani Welspun Mumbai Offshore gas block to start Output from 2028 * IndiaтАЩs momentum strong, importance will only grow: GIC * Havells poised to weather UltraTech's entry into cables business with diversified portfolio * RBI to boost liquidity via Rs 1 L-cr bond buys, $10-billion forex swaps * Reliance, DMart and other top retailers go easy on store launches as slowdown hurts * US eyes zero tariff on cars in India trade deal as Tesla gears with for Indian roads * India's small exporters seek import duty cuts to counter US steel, aluminium tariffs * Union Cabinet approves Kedarnath ropeway project for Rs 4,081 crore * Small and midcap indices recover for a second day after a five-month losing streak тАвGranules India shares slip as USFDA points data integrity, contamination issues at Gagillapur unit * As SEBI cracks down on F&O, brokers eye algo-trading as new revenue stream * Adani Wilmar shares rise as firm buys 80% stake in GD Foods, to buy 'Tops' maker in next 3 years * 'Tata Steel, SAIL, other steel stocks surge up to 4% after China announces plans to cut steel output * Trump is unpredictable; better to wait and watch as volatility is likely to persist for some time, says Kotak MFтАЩs Shibani Sircar * BEL declares dividend, sets March 11 as record date for PSU shareholders * Take a little bit more risk, trim exposure to IT, pharma, says Devarsh Vakil, HDFC Securities * Coromandel International clocks best day in five years with strong price and volume action * Polycab India shares rise as Morgan Stanley eyes 52% upside * Patanjali Foods shares snap 7-day fall as LIC increases stake to 7% * Avanti Feeds shares gain, hit 52-week high as subsidiary enters pet food market * IndiGo launches direct flights from Mumbai to Krabi, stock up * LenovoтАЩs India revenue crosses $2.5 billion YTD; exceeds last fiscal growth * Nandik Mallik of Avendus moves to Axis AMC to spearhead proposed SIF asset class * Zydus Lifesciences gets USFDA nod for Dasatinib, launches affordable CMV drug in India * Gensol Engineering denies involvement in falsification of debt servicing record, sets up review committee * FII net sell shares worth Rs 2,895 crore, DIIs net buyers of Rs 3,370 crore * Bulk deals : Green Vitality RSC Ltd sells a 0.65 percent stake in Adani Enterprises For more details- www.rudrashares.com/cef.aspx
Good morning News Headline from Leading Financial News Papers, Compiled by ЁЭРСЁЭРФЁЭРГЁЭРСЁЭРА ЁЭРТЁЭРЗЁЭРАЁЭРСЁЭРДЁЭРТ Wednesday, 05 March, 2025 * Government looks to relax immigration, cargo screening norms for a smooth flight * Handset companies like Samsung may boost India manufacturing to bypass US-China trade war * Two-wheeler financiers go slow on loans as defaults inch up * India set to introduce list of OTC drugs this month * Indians lead global list for temporary alcohol abstinence: Report * RBI directs large NBFCs to stop new lines of credit * RBI's $15-b dollar-rupee swaps helping Indian cos raise cheaper loans * Sebi looking at proposal to ease curbs on short-selling * AU Bank can beat stress by growing its secured book * Goldman Sachs CEO sees India as a hotspot, but wants more clarity * It's a RED sea: Investor mood hits worst since Covid crash тАвDemand for paints sees uptick, competition heats up as Birla Opus, Asian Paints double-down on growth: JPMorgan * BrokeragesтАЩ referral programmes to make a comeback, SEBI to propose norms soon: Sources * Jupiter Wagons shares rise after mobility arm launches new factory for LCVs * HAL, Mazagon Dock, GRSE, other defence stocks rise up to 9%, tracking gains in European peers тАвMutual fund AUM, unique PANs double in 5 years as more investors chase higher returns * Valuations normalising, time to accumulate for the longer term, says Kotak AMC's Nilesh Shah * Bajaj Auto shares tank, hit 52-week low as February sales concern investors * 'Jio Financial Services to buy 7.9 crore shares of Jio Payments Bank from SBI for Rs 104 crore, shares up * Senores Pharma shares jump as company acquires 14 ANDAs from Dr. ReddyтАЩs * Zomato, Swiggy shares on fire after ICICI Securities note points to compelling valuations * Samvardhana Motherson becomes a Tier-I supplier for Airbus' commercial aircraft after latest contract * PB Fintech CEO Yashish Dahiya pays Rs 9.42 lakh to settle allegations of Insider Trading norms' violations * NSE changes expiry of all F&O contracts from Thursday to Monday effective April 4 * FII net sell shares worth Rs 3,405 crore, DIIs net buyers of Rs 4,851 crore' * Bulk deals: IIFL Facilities Services picks up 4.39% stake in Avanti Feeds * Metropolis focuses on North India expansion, acquires Agra-based Scientific Pathology * India can emerge as global hub for AI given its tech prowess: Nadir Godrej * Coca-Cola to sell bottling plant in North Gujarat to Kandhari Global Beverages for Rs 2,000 crore * Adani Wilmar to acquire GD Foods, owner of prominent FMCG brand 'Tops' * CCI approves acquisition of up to 72.8% stake in Orient Cement by Ambuja Cements * AdaniтАЩs new $2.1 billion Mumbai airport draws low-cost carriers * Carlyle Group hunts for wealth assets in India alongside rivals For more details- www.rudrashares.com/cef.aspx
Good morning News Headline from Leading Financial News Papers, Compiled by ЁЭРСЁЭРФЁЭРГЁЭРСЁЭРА ЁЭРТЁЭРЗЁЭРАЁЭРСЁЭРДЁЭРТ Tuesday, 04 March, 2025 * India's cement consumption has potential to grow 3-fold: Dalmia Bharat * Stars & stripes on demand: Indian exporters eye boost as US plans another 10% tariff on Chinese imports * Banks likely to go easy on funding to NBFCs * Sunil Mittal says telcos must partner with satcom players to boost rural coverage * Wells Fargo sells ITC's shares for Rs 106 crore * US mkt already peaked, may underperform: Chris Wood * Defence panel recommends DRDO, PSU, private sector collaboration for IAF's Atmanirbharta тАвDMRC case: Comply with order or face coercive action, SC tells DAMEPL, Axis Bank officials * Regulator wants oil companies to avoid transportation via road * Bajaj Auto February total sales rise 2% to 3,52,071 units * Ashok Leyland total sales rise 2% in February тАвJio, Nokia, AMD & Cisco launch AI platform * RailTel Corporation wins orders worth Rs 63.55 crore * Manufacturing's share in economy in 2024-25 at same level as 18 years ago * 'FIR order against Madhabi Puri Buch, 5 others: Bombay HC to hear SEBI, BSE appeals on March 4 * We are close to the bottom in market, says Raamdeo Agrawal * Indian Overseas Bank shares hit 52-week low for second straight session on Rs 699-cr demand notice * AstraZeneca Pharma shares gain on CDSCO nod for expanded use of cancer drug Imfinzi * Kotak Institutional Equities warns against using investor flows to track market bottom * Centre grants 'Navratna' status to IRCTC, IRFC * Century Ply Independent Director among others named in FIR as complaint alleges 'stock market fraud' * Granules India shares rally as LIC increases holding to 5% * Inflation eases to 2.4% in Europe, supporting likely central bank rate cut * Real estate developer Pranav Constructions files IPO papers with fresh issue of Rs 392 crore * Meir Commodities files draft papers with Sebi to raise funds via IPO * FII net sell shares worth Rs 4,788 crore, DIIs net buyers of Rs 8,790 crore * Zen Technologies secures third patent for T-90 tank simulator, expanding military training capabilities * Tata Capital seeks as much as $11 billion value in IPO * Bulk deals: Unico Global Opportunities Fund buys 8.3% stake in Balaxi Pharma, Malabar India picks up 1.15% stake For more details- www.rudrashares.com/cef.aspx
Good morning News Headline from Leading Financial News Papers, Compiled by ЁЭРСЁЭРФЁЭРГЁЭРСЁЭРА ЁЭРТЁЭРЗЁЭРАЁЭРСЁЭРДЁЭРТ Monday, 03 March, 2025 * India's logistics & warehousing sector sees rising growth in tier 2 cities * Radico Khaitan eyes Rs 500 crore sales from luxe labels like 'Rampur' and Jaisalmer Gin тАвMahindra & Mahindra to have multiple large businesses in 5-10 years, says MD тАвReal estate project registrations decline in 2024 after two-year boom * Bollywood's shift to streaming giants raises concerns over content diversity & market control * KSK Mahanadi lenders to seek nod to claim excess cash * 'India's retail market reaches Rs 82 lakh crore in 2024, with continued growth expected * As unsecured loans surge so does demand for collection agents * JioStar eyes strong ad revenue growth from IPL 2025 with multiple deals in place * FPI exits hurt D-Street, this time even more * Ukraine 'ready to sign' minerals deal with US: Volodymyr Zelenskyy * Ex-SoftBank biggie looks to bet big on Shapoorji Group * Adani eyes $12.5 billion equity to partially fund Rs 5 lakh crore capex * Adani reignites US ambitions, eyeing major foray despite ongoing criminal charges, says report * US tariff related developments, global trends, FIIs trading key drivers for markets this week: Analysts * NSE Indices unveils Nifty India Internet & E-Commerce Index to track digital economy; Zomato, Info Edge among key constituents * Indian Overseas Bank gets Rs 699-crore GST demand notice * Dalal Street Week Ahead: factors to watch, from US jobs data, ECB rate decision to China's two sessions meeting * SEBI to challenge Mumbai courtтАЩs FIR order against Madhabi Puri Buch, 3 officials * IPO week ahead: Bear-driven equity market spoils mainboard segment, though a bit of action seen in SME * Quite possible that market will see negative returns in 2025, says TRUST MF's Sandeep Bagla For more details- www.rudrashares.com/cef.aspx
Good morning News Headline from Leading Financial News Papers, Compiled by ЁЭРСЁЭРФЁЭРГЁЭРСЁЭРА ЁЭРТЁЭРЗЁЭРАЁЭРСЁЭРДЁЭРТ Sunday, 02 March, 2025 * Musk's Teslas to drive into India through country's most expensive shopping street тАвHyundai sales dip 3 pc in February at 58,727 units * Toyota Kirloskar sales up 13% in February * Kia India Feb sales up 23.8 pc at 25,026 units * Tata Motors sales dip 8% in February * Maruti Suzuki sales rise marginally to 1,99,400 units in February * Coal India's production drops marginally in February * Air India Express starts flights from Hindon airport тАвMahindra Holidays & Resorts India gets demand of over Rs 17.5 cr from GST authority * AI to have big impact on entire chain of investing, says former HUL MD Sanjiv Mehta * FPIs sell Indian stocks worth Rs 34,574 cr in Feb * 'Microsoft down! Massive outage strands users without email, apps * Thar on a roll! Mahindra outruns Hyundai * Tuhin Kanta Pandey assumes charge as 11th chairman of Sebi * Volatility eases, but uncertainty looms: NiftyтАЩs March series at a crucial crossroad * Wall Street ends higher after Zelenskiy and Trump clash * Broader indices underperform with 200 smallcaps record double digit fall * Buying an index fund is like outsourcing stock decisions, says Derek Brodersen of Quantum Advisors India * Foreign investors trim Indian equity holdings, but long-term prospects remain strong: Arvind Chari of Q India (UK) * Our business has grown multi-fold, but headcount remains flat: CredтАЩs Kunal Shah on AIтАЩs impact * I personally clean our hotel washrooms, says Oyo founder Ritesh Agarwal * Industry needs to ensure that run ups in valuations do not happen again: Commerce Minister Piyush Goyal * Excelsoft Technologies plans to raise Rs 700 crore via IPO, files draft papers with SEBI * Rebound in Q3 GDP growth to provide some relief for equity markets * Weaker US jobs report may soften dollar, providing respite for commodities * Paytm gets show cause notice for violating FEMA in acquisition of Little Internet and Nearbuy subsidiaries For more details- www.rudrashares.com/cef.aspx
Good morning News Headline from Leading Financial News Papers, Compiled by ЁЭРСЁЭРФЁЭРГЁЭРСЁЭРА ЁЭРТЁЭРЗЁЭРАЁЭРСЁЭРДЁЭРТ Saturday, 01 March, 2025 * AirtelтАЩs free cash flows to grow to Rs 36,100 crore by FY26, JioтАЩs to Rs 36,900 crore: Analysts * FLY91 partners with PayTM to expand ticketing network; provide easy access to passengers for flight bookings * HDFC Bank to grow loan securitisation business over next few years, CFO says * Bank lending growth slows to 11% in January, retail loans hit * Hero Electric faces insolvency as bidders invited, probe ongoing * Tariffs should not dictate how Indian drugmakers do business, Cipla CEO says тАвString of acquisitions brings 20 GW target closer to JSW Energy * Jio building cloud-based AI personal computer, says Reliance Jio Infocomm chairman Aakash Ambani * Trai rejects most of DoT requests on satcom service authorisation * India, EU announce "blueprint for collaboration"; trade deal likely this year * FII selloff on Friday highest single-day in February * Zelenskyy, Trump clash in bitter Oval Office talks * MSCI rebalancing takes effect, driving $1 billion in passive flows * Black Friday: Sensex plunges 1,400 pts, Nifty below 22,150; trade war fears among key factors behind market crash * Chris Wood of Jefferies reshuffles India portfolio, adds IndiGo while dropping Coal India * First-time investors with high risk appetite allocating over 70% portfolio to equity, shows StockGro survey * 'Cables and Wire stocks fall for second session as Aditya Birla Group's foray weighs on sentiment * Market sentiments are bearish as most investors haven't faced a correction like this in last 5 years: IKIGAI's Pankaj Tibrewal * Govt's STT collection won't be even 50% of FY26 estimates amid market correction: Zerodha's Nithin Kamath * FII net sell shares worth Rs 11,639 crore, DIIs net buyers of Rs 12,309 crore * Bears roar: More than 900 stocks hit 52-week low amid market selloff on February 28 * September-December GDP growth rate offers relief, but falls short of expectation * India should have its own AI stack, says Tata Sons Chairman N Chandrasekaran * Gen AI adoption will prove to be net job creator for India, says N Chandrasekaran * AI has not plateaued, we are on an exponential curve, says AnthropicтАЩs Niki Parmar * Agrochemical exporters face new risk to earnings from TrumpтАЩs reciprocal tariffs * Vodafone Idea begins 5G trials in Mumbai ahead of Holi launch * Pharma industry body seeks govt to consider tariff cut on US pharma imports to zero * Acme Solar wants to invest in nuclear energy, says CEO Nikhil Dhingra * NPCI eyes AI-driven parking payments, moving beyond traditional RFID FASTag * Cipla Global CEO says drug companies may have to gear up for distributed manufacturing network For more details- www.rudrashares.com/cef.aspx