Indian Oil Corporation shares zoomed during early deals on June 30 as the stock started trading ex-bonus. The oil marketing company's board of directors approved the issue of bonus shares in the ratio of 1:2, i.e, for every two existing shares investors hold, one new bonus equity share will be issued. IOC Board even finalised Friday, July 1, 2022, as the record date for the bonus issue.
Open Flip📢 Amid mixed global cues, domestic benchmark indices STARTED on a flat note on Thursday on the June F&O expiry day. 📊 At 9:16 AM, the Sensex improved by 135.42 points or 0.26% at 53162.39, and the Nifty also gained by 36.70 points or 0.23% at 15835.80. 👉 Hindalco (🔼1.53%), Powergrid (🔼1.33%) and Reliance (🔼1.02%) appeared as the top gainers on the Nifty50 at the open.
Open FlipThe GST Council on Wednesday postponed the proposal to levy 28% GST on online gaming, casino and horse racing. Following this announcement, Rakesh Jhunjhunwala-backed Delta Corp shares gained as it has significant exposure in the casino business. Mudit Goel of SMC Global now recommends investors can continue to hold the stock upgrading the trailing stop loss at ₹174.
Open FlipNissan Motor, on June 30, provided details of its two-decade-old alliance deal with top shareholder Renault SA. The agreement clearly pointed out that the French automaker is not allowed to increase its stake beyond 44% without permission. Renault currently holds approximately 43% of Nissan while the Japanese carmaker owns 15% of its top shareholder, but without voting rights.
Open FlipSouth Korea’s chip stockpiles have surged by 53.4% in May in comparison to the previous year's statistics. The trend is signalling a slowdown in demand for memory chips used in electronics worldwide. A previous 54.1% jump in March 2018resulted in a slowdown in revenue growth in the memory chip industry. Semiconductor stockpiles is gradually increasing on a YoY basis since October 2021.
Open FlipTripura High Court’s orders that sought the grant of high-level security to Reliance Industries chairman Mukesh Ambani and his family, have been stayed by the Supreme Court on Wednesday. The industrialist his wife Neeta and his three children — Akash, Isha and Anant, have also been asked as to why security cover should not be withdrawn from them.
Open FlipThe private investment office of the Kotak family, IIFL group and Taparia family emerged among the 5 top investors who are coming on board a private InvIT named Indian Highway Concessions Trust (IHCT). The mentioned InvIT has been floated by Canada’s second-largest pension fund Caisse de dépôt et de placement du Québec (CDPQ).
Open FlipA Hong Kong-based software development firm, Only1 Ltd launches its web3.0 social platform dubbed ‘Only1’ built on Solana. With this, the platform is focusing on empowering creators to engage audiences and monetize their content in new ways that have never been seen before. This new platform is designed with multiple features including a 360° social network with user profile, messenger, etc.
Open FlipSamsung Electronics Co announced on Thursday the commencement of mass production of chips using its 3-nanometer (nm) process node. This technology is the most advanced yet for contract chip production. The South Korean looks to lure new clients to catch far bigger rival TSMC in contract chip manufacturing. Samsung said the new process can reduce power consumption by up to 45%.
Open FlipNifty futures were trading 34.5 points, or 0.22 per cent, lower at 15,731.5 on the Singapore Exchange during early hours on Thursday. The early barometer of India's benchmark Nifty 50 suggested that Dalal Street was headed for a gap-down start on June 30. Most Asian stocks also opened on a negative note on Thursday morning following another lacklustre session on Wall Street.
Open FlipMTAR Technologies sees its promoters have offloaded a 1.95% equity stake via open market transactions on June 29. On Wednesday, the shares of the defence company fell 7.7% to close at Rs 1,245.15 on the NSE. Its promoters Dwaram Anitha Reddy & Usha Reddy Chigarapalli have sold 2 lakh shares each at an average price of Rs 1,250 per share, among others.
Open FlipNSE has included only one stock (Sun TV) under the ban for trade on Thursday, June 30, 2022 in the futures and options (F&O) segment as it has crossed 95% of the market-wide position limit (MWPL). Delta Corp, which was part of the stock ban list on Wednesday, is currently out of the list for Thursday. The NSE update this list on a daily basis.
Open FlipCoinbase Global Inc has again pitched to expand in Europe as it has started the process of registering in markets including Italy, Spain, France and the Netherlands. Coinbase's vice president says "In all these markets our intention is to have retail and institutional products." The cryptocurrency exchange is already registered in the UK, Ireland and Germany.
Open Flip✔️Infosys: Invests $10 million in US-based The House Fund. ✔️GR Infraprojects: Completes EPC of Purvanchal Expressway (Package-VII) from Mojrapur to Bijaura in UP. ✔️MTAR Technologies: Fabmohur Advisors LLP offloads a 0.2% stake of its stake. ✔️Wonderla Holidays: Mulls to develop amusement park project in Bhubaneswar. ✔️Minda Industries: Acquires 5.24% stake in Germany-based FRIWO AG.
Open FlipTwo companies are expected to announce their Q4'FY22 results today (June 30, 2022). They are: ✅ SDC Techmedia Ltd ✅ Parag Milk Foods Ltd How will the market react today? Stay tuned for more updates from FlipitMoney!
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