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News updates: 🖇 Infosys halves FY24 guidance to 1-3.5% from 4-7% earlier, on a constant currency basis; Q1 net profit up 11% to Rs 5,945 cr 🖇 ITC is the 7th firm to cross Rs 6 trillion in market cap 🖇 Jio Financial Services Ltd (JFSL), the demerged unit of RIL is valued at ~USD 21 Bn (Rs 1.75 lakh cr). The stock was priced at Rs 261.85 based on price adjustment in RIL shares. 🖇 India, Japan sign pact to develop semiconductor ecosystem 🖇 Retail loans given by NBFCs to grow 18-20% in FY24, says Icra report 🖇 Coforge bags record deals of $531 mn in June quarter 🖇 L&T says board will consider share buyback at meeting next week 🖇 To 'green up' portfolio, REC to sign Rs 2 Trillion pacts with 20 renewable firms 🖇 ISRO successfully performs fourth orbit-raising manoeuvre of Chandrayaan-3 spacecraft 🖇 PE/VC startup investments down 23% in H1 to USD 27.5 Bn: Report 🖇 SBI likely to raise up to Rs 10,000 cr via infra bonds 🖇 Foxconn subsidiary Bharat FIH scraps plan for ₹5,000 cr IPO. It's one of the largest EMS company in India Q1 Result updates: 👍 IndiaMart: Profit jumps 78% to Rs 83 crore; to buy back shares worth Rs 500 crore 👍 Union Bank: Profit more than doubles to Rs 3,236 cr; NPA provisions decline 👍 Tanla Platforms: Profit soars 35% to ₹135.4 crore 👍 Havells Q1FY24 profit rises 18.5% to Rs 287.4 crore; posts decent growth in Lloyd sales, flat lighting segment 👍 DB Corp: Net profit up over 2.5x at Rs 78.75 cr 👍 South Indian Bank: Net profit jumps 75% YoY on higher interest margins 🤙 Persistent Systems: 8.1% rise in net profit at Rs 228 cr 🤙 HUL: Profit rises 8% to Rs 2,472 cr; sales up 7%

Money Times Talk - July 16, 2023 Competent Automobiles is available at a throwaway valuation at a market cap. of just Rs.189 cr. Its FY23 revenue stood at Rs.1731 cr. with an EPS of Rs.40.24. The share trades at a P/E of 7.15x and P/BV ratio of 0.60x. The book value of its share stood at Rs.505. Keep it on your radar. BDH Industries posted an excellent FY23 with RoE of 16.27%, RoEC of 19.61% and an EPS of Rs.14.25. Its share is 40% cum dividend and available at a P/E of 11x. Keep it on your radar. Vedavaag Systems secured a big order worth Rs.72 cr. for implementation of IP based video surveillance systems covering 1002 railway stations. A big positive. Add for hefty gains.

Money Times Talk - July 8, 2023 Premier Explosives has orders of Rs.78 cr. from the Defence Ministry for supply of MTV flares. Add. Palred Technologies accessories under the ‘Ptron’ brand are heavily marketed in Croma and Reliance Digital stores. Keep it on your radar. Machino Plastics makes products for Maruti Suzuki. Maruti Suzuki India and Suzuki Motor Japan hold around 31% in it. Its share can be a re-rating candidate. Keep it on your radar. Dividend paying ABM Knowledge has huge reserves and huge order book. It is a pioneer in offering smart city solutions, cyber security, smart water management, SAP practice, etc. Keep it on you radar.

Fed holds rates steady, sees two small hikes by end of year https://economictimes.indiatimes.com/markets/stocks/news/fed-holds-rates-steady-sees-two-small-hikes-by-end-of-year/articleshow/101000808.cms

RBI withdraws 2000 Rupee Denomination Banknotes from Circulation; Will Continue As Legal Tender It has been decided to withdraw the 2000 rupees denomination Banknotes from circulation The Banknotes In 2000 Rupees Denomination will continue to be Legal Tender; only fresh issue stopped. Banks may exchange 2000 Rupees Banknotes upto a limit of 20,000 Rupees at a time Reason stated is 2000 Rupee notes not commonly used for transactions; Other Currency denominations adequate to meet Currency needs of public All Banks shall provide Deposit and/or Exchange facility for 2000 Rupee banknotes until September 30, 2023 No restrictions on deposit of 2000 Rupees notes into Bank Accounts

RBI to withdraw Rs 2,000 currency notes from circulation; notes will continue to be legal tender till September 30 - https://timesofindia.indiatimes.com/india/rbi-to-withdraw-rs-2000-currency-notes-from-circulation-notes-will-continue-to-be-legal-tender-till-september-30/articleshow/100360257.cms