Stock Market Snapshot 7 June 2024

RBI Policy: RBI keeps Repo rate unchanged at 6.50%.

Adani Ports and Special Economic Zone Ltd has received a letter of intent for operation and maintenance of container terminal at Kolkata Port.

Sun Pharmaceutical Industries have entered into an agreement to acquire 9.6% of total outstanding Securities in Haystack Analytics.

State Bank Of India likely is targeting to deploy a minimum of 7.5% of its domestic loans in the green Energy sector by 2030.

The Hyderabad bench of the National Company Law Tribunal approved the scheme of amalgamation of Bhubaneshwar Power and the company. Bhubaneshwar Power is a wholly-owned subsidiary of Tata Steel.

ICICI Bank: Acting on several complaints by shareholders of ICICI Securities, some of who Received calls by ICICI Bank seeking favourable vote For the delisting scheme, market regulator SEBI has issued an administrative warning on the outreach.

Wipro has been awarded a $500 Million deal by a leading US Communication Service Provider. Wipro shall provide managed Services for some products and industry specific solutions over a period of 5 years.

Pidilite Ventures Pvt. Ltd, wholly owned subsidiary of Pidilite Industries Limited, has divested its entire shareholding in Climacrew Private Limited, Associate company to existing and new shareholder of CPL.

India Pesticides has successfully commissioned an intermediate plant towards Backward Integration of one of the Fungicide which was primarily being imported. It is based on our in-house Indigenous R&D Technology.

Zen Technologies announced the successful Delivery of its innovative Zen Anti-Drone System with Hard-Kill (Zen ADS HK) to the Army Air Defence College in Gopalpur, Odisha.

Sun Pharmaceutical has entered into an agreement With HaystackAnalytics Pvt Ltd (Haystack), pursuant To which Sun Pharmaceutical has agreed to acquire 9.6 % of total outstanding shares of Haystack.

FSN E-commerce Ventures: Nessa International Holdings Ltd, a stepdown subsidiary of the Company, has incorporated a new Wholly Owned Subsidiary in Kuwait by the name ‘Nysaa International for Wholesale and Retail Trade.

Rites Ltd bags an order of Rs 40 crore from Tata Steel Ltd for Loco Hiring along with operation and maintenance.

United Breweries Ltd launches Queenfisher Premium Lager Beer: The Queen of Good Times, From the House of Kingfisher, in Maharashtra.

Hero MotoCorp: The Board has approved the purchase of additional 2.2% stake of Ather Energy Pvt Ltd, an associate company for Rs 124 crore.

UNO Minda has executed a Technical License Agreement with Suzhou lnovance Automotive Company Ltd, which pertains to development and manufacturing of High Voltage-Category of 4W PV & CV EV Powertrain Products like Combined Charging Units, E Axle, Inverter, Motors etc.

Rail Vikas Nigam Ltd bags an order of Rs 495 crore from NTPC.

Alkem Laboratories has agreed to invest an amount of Rs 30 crore in the (Pre Series A) Compulsorily Convertible Preference Shares of M/s HaystackAnalytics Pvt Ltd.

Mastek to boost CX (Customer Experience) Management for Manufacturing, Healthcare, Banking, Financial Services and Insurance (BFSI) sector with NVIDIA Al Enterprise.

Hindustan Unilever: The Board has approved the appointment of Mr. Arun Neelakantan, presently Chief Digital Officer, as Executive Director, Customer Development with effect from 1st July, 2024, in succession to Mr. Kedar Lele.