🏛RBI recently slapped ₹10 lakh worth of fine on The Tiruchengode Co-operative Urban Bank, Tiruchengode, Tamil Nadu. 💵The mentioned penalty was imposed due to non-adherence or violation of directions issued under various guidelines including KYC Guidelines. 🔔Additionally, RBI also imposed a fine of ₹57.50 lakh on Indian Overseas Bank on Friday for non-compliance with certain directions.

Timur Kulibayev, a Kazakh billionaire businessman, has handed his stake of 49% in Petrosun, a large oil and oil products trader controlled by China's CNPC, to the state energy company. The aforementioned development was reported by Roman Sklyar, the Kazakh Deputy Prime Minister. Petrosun is engaged in the business of buying & refining the lion's share of Kazakh crude before selling it locally.

The shares of Bank of Baroda went marginally up on Tuesday after its Board of Directors gave its go-ahead to the proposal of Raising of Long term Bonds for the financing of Infrastructure & Affordable Housing. The aforementioned fundraising would be to the tune of Rs5000 crore in single or multiple tranches during Financial Year 2022-23.

Brigade Group has inked a Joint Development Agreement in Chennai. Upon entering the aforementioned agreement, the company will develop approximately 2.1 million square feet of land into residential apartments. It is noteworthy that a 15-acre plot of land in Perumbakkam is set to be developed as a massive residential township. Its stock spiked after this.

Shapoorji Pallonji Group's Chairman--Pallonji Mistry -- passed away last night at the age of 93. The Shapoorji Pallonji Group's Head is survived by four children — two sons Shapoor Mistry and Cyrus Mistry, and two daughters Laila Mistry and Aloo Mistry. He was born in 1929 and attended Mumbai’s Cathedral & John Cannon School before heading to London’s Imperial College for higher education.

Manappuram Finance reported that the Financial Resources and Management Committee of the Board of Directors is scheduled to meet on June 30, 2022, to discuss and nod to the issuance of Secured, Rated Redeemable Non-Convertible Debentures of up to US$100 million in INR equivalent. Despite the publication of this news, Manappuram Finance's shares were trading on a negative note on Tuesday.

Hazoor Multi Projects, on Tuesday, confirmed the securing of a major work order from Gayatri Projects. The mentioned order is regarding the execution of change of scope work from ch.502.698 to ch.521.600 of package-11 for Rs220.41 crore. Following the publication of this news, Hazoor Multi Projects' shares were trading on a bullish note and reached a new 52-week high at Rs 36.65 on the BSE.

🛑 Amid weak global cues, domestic benchmark indices STARTED gap-down on June 28. 📊 At 9:16 AM, the Sensex declined by 224.45 points or 0.42% at 52936.83, and the Nifty plunged by 65.60 points or 0.41% at 15766.40. About 778 shares have advanced and 915 shares declined. 👉 Titan (🔻1.78%), Asian Paints (🔻1.45%), and Adani Ports (🔻1.24%) appeared as the top losers on the Nifty50 at open.

The Euro appreciated by 0.24% on Monday amid expectations that the European Central Bank will shortly increase interest rates for the first time in over a decade. Analysts projected that EURUSD is likely to break the barrier of 1.0625 to sustain its upward rally towards the level of 1.0690. In this situation, ICICI Direct recommends buying EURINR at a target price of Rs 83.60.

Damodar Valley Corporation is closely following the Jharkhand government’s judgment to comply with the Supreme Court’s May 31 order. The apex court earlier directed it to pay Reliance Infra Rs 535 crore in cash and Rs 303 crore through bank guarantee by July 31. The Company's Chairman Ram Naresh Singh expressed that DVC will comply with the court’s directive in terms of the arbitration award.

WazirX’s vice president, Rajagopalan Menon says “We have cut down all our non-critical costs, we are hiring only critical hires, we aren’t spending money at all. It’s literally crypto winter here.” He used industry jargon for an extended bear market with token prices plummeting, customers unable to transfer money to their accounts and a dreaded transaction tax on crypto just around the corner.

Gotion High Tech is considering to locate one-third of its production capacity outside China by 2025. The Chinese batterymaker is planning this move to address the growing demand from overseas electric vehicle (EV) makers and energy storage household clients.The company, on Tuesday, also expressed that it is eyeing to establish a total battery production capacity of 300 GWh in three years.

Cryptocurrency exchange FTX on Monday denied the rumour that it is considering acquiring traditional finance brokerage Robinhood. The spokesperson cited “there are no active M&A conversations” with Robinhood. The reports suggest that no formal buyout offer has been received, and FTX — or Robinhood — may choose not to pursue the acquisition.

WazirX data published at 8 AM IST on June 28 revealed that bitcoin declined by 2.36% to trade at Rs 17,13,652, while Ethereum also plunged by 4.6% to exchange hands at Rs 97,210.2. Dogecoin appeared as the biggest loser on Tuesday as it tanked 7.06% to Rs 5.7700. However, the global crypto market cap improved by 2.33 per cent to $925.77 billion during the previous 24 hours.

Priti International Limited recently announced a preferential issue that boosted the morale of market investors and made the stock hit the market cap of ₹122 crores on Monday's session. The stock hit the upper circuit on Monday after the furniture maker announced 30,11,000 warrants convertible into 30,11,000 equity shares of ₹10 each on a preferential basis.