Aavas Financiers board nods to 3 lakh equity stock options grant
Wed, Jul 14, 2021 9:53 AM

Aavas Financiers board nods to 3 lakh equity stock options grant

Aavas Financiers reported that the Nomination and Remuneration Committee of the Company has approved the grant of 3,00,000 equity stock options under the "Equity Stock Option Plan for Employees 2020" ("ESOP-2020") on terms and conditions. The time within which option may be exercised is within a period of 4 years from the date of each Vesting of stock options.

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CBDT notifies Ramdev's Patanjali Trust as 'research association'
Wed, Jul 14, 2021 9:46 AM

CBDT notifies Ramdev's Patanjali Trust as 'research association'

Central Board of Direct Taxes (CBDT) granted a 5-year tax exemption on donations made to Patanjali Research Foundation Trust for five years in a major boost to Baba Ramdev's Patanjali Group. Businesses making donations to Patanjali Research Foundation Trust during 2021-22 to 2026-27 can claim a tax deduction on such contributions, a CBDT notification reported.

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Brokerages expect 17% YoY rise in Infosys Q1 revenue
Wed, Jul 14, 2021 9:37 AM

Brokerages expect 17% YoY rise in Infosys Q1 revenue

Infosys will announce its June Q1'FY22 results on July 14 wherein, along with the numbers, investors will keep a close watch on the It major's deal pipeline and recovery in underperforming verticals. Motilal Oswal Financial Services expects a nearly 17% YoY rise in the revenue, while PAT may grow 30%. Kotak Institutional Equities expects a sequential 4.5% revenue growth rate in constant currency.

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Rs5.30cr worth loan sanctioned by Hinduja Finance to Star Housing Finance
Wed, Jul 14, 2021 9:32 AM

Rs5.30cr worth loan sanctioned by Hinduja Finance to Star Housing Finance

Star Housing Finance reported that Hinduja Housing Finance has sanctioned a loan worth Rs. 5,3 crore to the company and the same has been accepted and approved by the Committee. Star Housing Finance Limited provides mortgage financial services. The Company offers home loans finance to weaker group housing societies and NGOs engaged in the welfare of the weaker sections.

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Sebi sends notices to PNBHF to protect investor interests
Wed, Jul 14, 2021 9:09 AM

Sebi sends notices to PNBHF to protect investor interests

The market regulator Sebi negotiated in the PNB Housing Finance-Carlyle Group deal to protect the interests of small shareholders, the watchdog explained the Securities Appellate Tribunal (SAT) on Tuesday. Sebi also relied upon a July 7 letter from the parent Punjab National Bank that asked PNB Housing to reconsider the terms of the preferential allotment to Carlyle.

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Rakesh Jhunjhunwala holdings in Lupin and TARC remained unchanged
Wed, Jul 14, 2021 8:46 AM

Rakesh Jhunjhunwala holdings in Lupin and TARC remained unchanged

Rakesh Jhunjhunwala holdings in Lupin and TARC remained unchanged as per the Big Bull of Indian market. The shareholding pattern of Lupin and TARC for June 2021 quarter, Rakesh Jhunjhunwala shareholding in both the companies remained still and are at the same 1.6% and 3.39% respectively.

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Gold prices downcast as dollar firms on US inflation data
Wed, Jul 14, 2021 8:12 AM

Gold prices downcast as dollar firms on US inflation data

Gold prices dropped on Wednesday as the dollar stood strong after data showed U.S. consumer prices last month hiked by the most in 13 years, with focus now shifting to Federal Reserve Chair Jerome Powell's testimony before Congress. Spot gold was flat at $1,806.07 per ounce, as of 0057 GMT. U.S. gold futures were 0.2% lower at $1,807.20 per ounce. The dollar index held steady.

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Petrol, diesel prices remained unchanged on July 14
Wed, Jul 14, 2021 8:05 AM

Petrol, diesel prices remained unchanged on July 14

The price of petrol remained steady on July 14 for the second day in a row after setting a new record high. The diesel price was also unchanged the same on the day after declining for the first time in more than two months on July 12, as per the price notification by state-owned fuel retailers. The July 12 hike, 39th since May 4, took the petrol price in Delhi above Rs 101 per litre.

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Cryptocurrency Bitcoin, Ethereum, Binance prices today!
Wed, Jul 14, 2021 8:01 AM

Cryptocurrency Bitcoin, Ethereum, Binance prices today!

Cryptocurrency prices remained trading in the red on July 14. The global cryptocurrency market cap is $1.32 trillion, a 3.67% decline over the last day while the total crypto market volume over the last 24 hours is $60.45 billion, which makes a 3.55% decline. The volume of all stable coins is now $48.71 billion – 80.58% of the total crypto market 24-hour volume.

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🎯 Infosys and L&T Tech are announcing their Q1 results today!
Wed, Jul 14, 2021 8:00 AM

🎯 Infosys and L&T Tech are announcing their Q1 results today!

Around twelve companies are expected to announce their Q1'FY22 results today (July 14, 2021). Some of the important ones include [1] Infosys Limited, [2] L&T Technology Services Limited, [3] Hatsun Agro Product Limited, [4] Craftsman Automation Limited, and [5] Dodla Dairy Limited. How will the market react today? Let us know in the comments section.

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CEO of Alankit Group arrested in money laundering case: ED
Wed, Jul 14, 2021 7:54 AM

CEO of Alankit Group arrested in money laundering case: ED

The Enforcement Directorate on Tuesday declared it arrested a Delhi-based chartered accountant (CA) on money laundering accusations linked to alleged transfer of about Rs 40 crore hawala funds from Dubai to India. Alok Kumar Agarwal, chairman of Alankit Group, was arrested on Monday and the federal agency claimed in a statement issued here that arrested RJD MP A D Singh "received a part" of it.

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BoM sets floor price at ₹24.89 per share for ₹2,000 cr
Wed, Jul 14, 2021 7:50 AM

BoM sets floor price at ₹24.89 per share for ₹2,000 cr

State-run Bank of Maharashtra (BoM) board on Tuesday fixed floor price of ₹24.89 per share for the offered ₹2,000 crore qualified institutional placement (QIP). The committee of board permitted floor price of ₹24.89 per share, BoM said in a regulatory filing. The bank may at its discretion propose a discount of not more than 5% on the floor price so calculated for the issue, it said.

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AdmitKard lifted ₹10 cr in its A Round of funding
Wed, Jul 14, 2021 7:44 AM

AdmitKard lifted ₹10 cr in its A Round of funding

Edtech platform AdmitKard has lifted ₹10 crore in pre-series A Round from a group of angel investors including founders and senior officials of education technology firms. The founders of Vedantu, upGrad, Unacademy, DoubtNut, Avanti took part in the funding round. Other angel investors include Mindhouse co-founder Pankaj Chaddah, Bharatpe CEO Suhail Sameer, Bharatpe COO Dhruv Dhanraj Bahl etc.

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United Airlines endows Swedish electric-plane firm Heart Aerospace
Wed, Jul 14, 2021 7:36 AM

United Airlines endows Swedish electric-plane firm Heart Aerospace

United Airlines plans to invest in a startup that is building electric-powered aircraft and might buy 100 of the small planes. The airline denied on Tuesday to mention the funding it will put into Sweden-based Heart Aerospace. Heart vows to produce and win regulatory approval of its ES-19 design by 2026. United said the plane “has the potential” to carry passengers short distances by decade end.

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Vivriti join hands with impact investor to support MSMEs
Wed, Jul 14, 2021 7:30 AM

Vivriti join hands with impact investor to support MSMEs

In a move to support medium and micro enterprises in India, impact investor and philanthropic organisation, Michael and Susan Dell Foundation join hands with one of India’s foremost credit-focused asset managers, Vivriti Asset Management (VAM). Michel and Dell Foundation induced US $3 million to catalyse commercial capital for the cause via VAM’s Samarth Bond Fund, a SEBI registered category.

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