Aether Industries' revenues from operations for the full year ended March 31, 2022, stood at Rs590.05 crore in comparison to Rs 449.82 crore recorded during the previous financial year. The leading specialty chemical manufacturer's Profit After Tax (PAT) was Rs108.93 crore for FY22 as compared to Rs71.12 crore in FY21. The Aether Industries' PAT margin was 18.25% in FY22 vs 15.67% in FY21.

Rakesh Jhunjhunwala's portfolio stock Canara Bank has been in the focus these days. During its Q4FY22 results announcement, the PSU banking stock declared a dividend of ₹6.50 per equity share in the financial year 2021-22. Since Canara Bank's shares closing price yesterday was ₹180.80, the annual dividend yield of the state-owned lender for FY22 stands around 3.59 per cent.

📢 Amid weak global cues, benchmark indices STARTED on a negative note on June 17. 📊 At 9:16 AM, the Sensex declined by 392.29 points or 0.76% at 51103.50, and the Nifty was down 116.20 points or 0.76% at 15244.40. About 522 shares have advanced, 1297 shares declined, and 86 shares are unchanged. 👉 Wipro (🔻2.45%), TCS (🔻2.12%) and Titan appeared as the top losers on the Nifty50 at open.

Thursday’s crypto market's rate hike recovery appeared as short-lived as the world’s largest cryptocurrency --Bitcoin--declined by up to 10% to hit as low as US$20,265 on Friday morning Asia time, and was trading at US$20,790, according to CoinMarketCap data. On the same day, Ethereum tanked by as much as 15% to reach a low of US$1,058 before recovering to US$1,105.

Argentina's central bank increased its benchmark interest rate by the maximum in the previous three years on June 16. The central bank of the South American country hiked the benchmark Leliq rate by 300 basis points to 52%. The latest hike is the sharpest rise since 2019 on account of financial risk, mounting global prices and the necessity to address inflation.

Clearview AI has reduced much of its sales staff this week. The facial recognition startup has also parted ways with two of three executives hired about a year ago. The move suggested instability at the top of the five-year-old firm that has incorporated billions of facial images from the public web. the startup made these images searchable by over 3,000 customers and big police agencies.

Sony and Honda Motor decided on an equally owned joint venture that will commence selling electric cars in 2025. The Japanese auto giant, that rolls out EV models including Honda e, has said it is aiming to launch 30 EV models and make some 2 million EVs annually by 2030. In the JV, Honda will implement its expertise in developing and selling cars and Sony will add its software and technology.

Nifty futures were trading at 25 points, or 0.16 per cent, higher at 15,334.50 on the Singapore Exchange during early deals on Friday. The early barometer of India's benchmark Nifty 50 index indicated that Dalal Street was headed for a positive start on Friday. However, Asian shares opened with fresh losses on Friday morning. MSCI's index of Asia-Pacific shares outside Japan declined by 0.42%.

Adani Power shares offered whopping returns to its shareholders despite the Indian stock market reeling under sell-off heat. In the previous 5 years, this Adani group Company's share price zoomed from ₹26.80 apiece levels to ₹259.50 levels, thus registering an 870% growth. The scrip offered a CAGR (compound average growth rate) of more than 55% in the mentioned time frame.

The NSE has put a total of three stocks under the ban for trade on Friday, June 17, 2022, in the futures and options (F&O) segment as they have crossed 95% of the market-wide position limit (MWPL). These three stocks include RBL Bank, Delta Corp, and Indiabulls Housing Finance. Notably, RBL Bank shares are in focus this week after the RBI nodded to its new MD & CEO R Subramaniakumar's appointment.

👉 SGX Nifty improved by 0.19% to 15,340 points at 6:45 AM. 👉 Benchmark indices in Japan and Australia plunged by 2% each while South Korea's index tanked 1% during early deals on Friday. 👉 RITES secured a Rs 364.56 crore worth order from Container Corporation. 👉 LIC increased its stake in Dr Reddy's from 3.644% to 5.646%. 👉 Indian rupee closed at Rs 78.075 against the USD on Thursday.

Only three companies are expected to announce their Q4'FY22 results today (June 17, 2022). They are: ✅ Supreme Infrastructure India Ltd. ✅ Aroma Enterprises (India) Ltd. ✅ J.R. Foods Ltd. How will the market react today? Stay tuned for more updates on FlipitMoney!

U.S. stock indexes plunged considerably at closing hours on Thursday in a broad sell-off. This was noticed as recession fears grew after Federal Reserve's largest rate hike since 1994. The Dow Jones Industrial Average declined 741.46 points, or 2.42%, to 29,927.07, the Nasdaq Composite tanked 453.06 points, or 4.08%, to 10,646.10 and the S&P 500 plunged 123.22 points, or 3.25%, to 3,666.77.

Rama Steel Tubes shares emerged as one of the multibagger stocks that zoomed from around ₹60 to ₹378 apiece levels in the previous two years. The scrip delivered approximately 1135% profit to investors during the mentioned time frame. In May, Rama Steel Tubes shares surged from ₹343 to ₹378 apiece levels, thus registering over 10% growth in this period.

Asian shares witnessed more losses during early deals on Friday amid mounting fears of an economic downturn as monetary policy tightens to fight damaging inflation. Futures indicated losses for stocks in Japan, Australia and Hong Kong. US contracts firmed after the S&P 500 ended at its lowest since December 2020. Technology stocks saw considerable selling, plunging 4% off the Nasdaq 100.