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Techno Electric & Engineering Company Ltd : The Company has completed successful acquisition of M/s. NERES XVI Power Transmission Limited from REC Power Development & Consultancy Limited along with all its assets and liabilities on May 30, 2024. Earlier the Company was declared the successful bidder selected through tariff based competitive bidding process. BCPL Railway Infrastructure Limited : The Company has signed an agreement for execution of 25 KV Electrification work over Firozpur Division of Northern Railway comprising of Rs. 53.26 million and is expected to be executed over a period of 9 months. Rama Steel Tubes Ltd : The Company has completed the sale of 50% stake (12,50,000 Equity Shares of face value of Rs. 10 each). Hager Mega Mart Private Limited has ceased to be an Associate Company of Rama Steel Tubes Limited. WIPRO LTD : Wipro Expands Retail Media Offering in Collaboration with Cisco and AT&T. Meghmani Organics Limited : Meghmani Crop Nutrition Limited has commenced the commercial production of Nano Urea (Liquid) Fertilizer. Aztec Fluids and Machinery Limited : The Company has acquired 38,92,858 (81.95%) shares of Jet Inks Private Limited from its shareholders and by virtue of the said acquisition, Jet Inks Private Limited has become Wholly Owned Subsidiary of the Company. ANUH PHARMA LTD. : Disclosure that the Agreement dated 22nd May, 2024 for investment in Huoban Energy 5 Private Limited a Special Purpose Vehicle, for Solar Projects under group captive model through open access has been signed by the parties to the Agreement on 31st May, 2024. Rossari Biotech Limited : a wholly-owned Subsidiary Company of Rossari Biotech Limited in the name of “Rossari Global DMCC” is incorporated on May 31, 2024 vide the order of Registrar of Companies of the Dubai Multi Commodities Centre Authority (“DMCCA”), as per the intimation received on May 31, 2024. Endurance Technologies Limited : Endurance Overseas Srl, Italy, subsidiary of the Company, has acquired 100% stake in Ingenia Automation Srl (“Ingenia”), Italy, with an effective date of 31st May, 2024. Ingenia, based in Turin, Italy, operates in the design, production and installation of industrial automation systems. ORIENT PRESS LTD : Board members informed that commercial production of the said manufacturing plant has started on June 1st 2024.The company expects increase in its turnover and profits from this new line of business of manufacturing of candles. Kridhan Infra Limited : Board approved Issuance of equity shares of the Company for an amount not exceeding Rs. 50 Crores by way of a rights issue to the eligible equity shareholders of the Company. PNC Infratech: The company arm gets a one-time settlement amount worth Rs 391 crore from NHAI.

Stocks in News post Market closure 👀 ELANTAS Beck India Limited : The Company has executed a “Deed of Conveyance” towards purchase of 30 acres vacant and un-utilised land located at Payal Industrial Park, Taluka: Vagra, District: Bharuch, Gujarat from Payal Properties Private Limited, for a total consideration of ₹ 56.58 Crores Info Edge (India) Ltd : Startup Investments (Holding) Ltd, a wholly-owned subsidiary of the Company has agreed to invest about Rs. 3.23 Crores in Printo Document Services Private Limited. PVR INOX Limited : Re-opening of Mumbai’s Heritage Lido Cinema into 3 screen modern multiplex. Anupam Finserv Limited : the Company has executed an Alliance cum Service Agreement with Spoctech Green Ventures Private Limited for financing customers of Spoctech Green Ventures Private Limited for purchase and installation of Green Assets such as Solar Panels, Electric Vehicles, Electric Batteries, Electric Chargers etc. Canara Bank: The company is to dilute a 14.5% stake in the arm of Canara HSBC Life through an IPO. Aurobindo Pharma: The company’s arm executed a master service pact with Merck Sharpe and will invest Rs 1,000 crore for the manufacturing facility. ESSAR SHIPPING LTD : The Company has redeemed the entire 3,20,00,000 1% Secured, Redeemable, Unlisted, and Non-Convertible Debentures (“NCD”) and paid aggregate amount of Rs.320 Crores. REC Ltd : Board approved Proposal of raising of funds. JINDAL STAINLESS LTD : Company has been awarded the coveted International Safety Awards in the ‘merit’ category by the British Safety Council for the fifth consecutive year. Cantabil Retail India Limited : company has opened 2 New Showrooms/ Shops at different location in India during the month of May 2024.Now total number of Showrooms/ Shops of the Company stands at 541. Visco Trade Associates Limited : The Board of Directors of the Company has fixed June 14, 2024 as the Record date for the purpose of determining the eligibility of shareholders of the Company for the Split/ Sub-division of shares of the Company from Face Value of Rs. 10/- each to Face value of Rs. 2/- each. Inox Wind: The board of the company has approved raising Rs 1,000 crore in one or more tranches through preference shares. The fundraising is subject to all requisite approvals, including those of the shareholders. Cupid Limited :company has Receives Vendor Approval from Godrej Consumer Products Limited (GCPL) for Supply of Kamasutra Condoms. Thomas Cook (India) Limited : M/s. Sterling Holiday Resorts Limited, wholly owned subsidiary of M/s. Thomas Cook (India) Limited titled, “Sterling Holiday Resorts Arrives in Dehradun - Sterling Marbella Dehradun - first Spanish Themed hotel in the heart of Uttarakhand”. Signpost India Ltd : The contract between Signpost India Limited and BPCL. The contract is regarding Digital Hoardings at BPCL Retail Outlets across 60 cities on signage fee basis for 5 years. Remedium Lifecare Limited : The Company has fixed the Record date as 06th July, 2024 in order to determine the number of shareholders entitled for Bonus Equity Shares in the ratio of 3:1. Adani Ports and Special Economic Zone: The company's arm has signed a 30-year concession pact with the Tanzania Ports Authority for container terminals. Wipro: The company has expanded its retail media offering by partnering with Cisco and AT&T. NTPC: The company commissioned the second and last part capacity of 33 MW out of the 90 MW Anta Solar PV Project in Rajasthan. The company's total capacity on a standalone and group basis now stands at 59,168 MW and 76,048 MW, respectively Lokesh Machines Limited : The company has received an order worth Rs. 42.6 million from Northern Command, Indian Army, Department of Military Affairs, Ministry of Defence, Government of India for supply of submachines guns 9x19 mm Machine Pistol (ASMI) with accessories.

Basic price of EMD hiked by ₹1,000 per metric tonne. ** Coal India: May production up 7.5% YoY to 64.5 MT. May Offtake up 7.2% YoY to 68.2 MT. ** Ashoka Buildcon: Emerges as the lowest bidder for the two projects worth ₹2,152.7 crore for the Maharashtra State Road Development Corporation. ** REC: To raise up to ₹1.45 lakh crore via bonds in one or more tranches. ** Inox Wind: Promoters raised ₹900 crore through the sale of shares via block deals. These proceeds will be infused into Inox Wind to pare down its net external debt as well as augment its working capital requirements. Post this, Inox Wind will become net debt free, excluding promoter debt. Approves raising up to ₹1,000 crore in one or more tranches through the issue of 0.01% Non-Convertible, Non-Cumulative Participating Redeemable Preference shares with a face value of ₹10 each on a private placement basis to promoter Inox Wind Energy. ** Aarti Pharmalabs: Received order from Maharashtra Pollution Control Board directing closure of manufacturing facilities at the Dombivli plant.The unit contributed 1.87% of the company's overall turnover. ** Ashoka Buildcon has emerged as the lowest bidder for two projects worth Rs 2,153 crore from the Maharashtra State Road Development Corporation. ** Ahluwalia Contracts has received a contract worth Rs 2,157 crore from India Jewellery Park, Mumbai. The contract involves design, engineering, procurement, and construction for the construction and development of Gems & Jewellery Park in Mahape, Navi Mumbai. It also bagged a contract worth Rs 88.15 crore from Daffodil Hotel. ** NMDC announced total iron ore production at 2.34 million tonnes in May 2024, down 37% YoY. Iron ore sales fell 22% YoY to 2.82 million tonnes. ** Poonawalla Fincorp has achieved a milestone of gross NPA below 1% and net NPA below 0.5% as of May 31, 2024. ** Puravankara through its subsidiary Purva Oak, has acquired 12.75 acres of land in Thane. The land has an estimated potential carpet area of 18.20 lakh square feet and a potential gross development value (GDV) of Rs 4,000 crore over the project lifecycle. ** Moschip Technologies has secured a Rs 509.37 crore contract from the CDAC. The contract includes the design, development, and delivery of an HPC SoC based on 5nm technology. ** Endurance Technologies subsidiary Endurance Overseas Srl, Italy, has acquired a 100% stake in Italy-based Ingenia Automation Srl for 3.6 million euros. Ingenia operates in the design, production, and installation of industrial automation systems. ** BSE has completed the acquisition of S&P Dow Jones Indices’ entire equity stake in Asia Index (AIPL), making AIPL a wholly-owned subsidiary of BSE. AIPL will continue to provide its services to clients who are subscribed to AIPL’s indices/data products. AIPL was a joint venture between S&P DJI and BSE and is best known for calculating and maintaining the popular index Sensex. ** REC has received approval from the board for raising funds up to Rs 1.45 lakh crore through the private placement of NCDs.  ** PNC Infratech's subsidiary PNC Kanpur Highways has received Rs 390.62 crore from NHAI. This is part of the Settlement Agreement executed by the National Highways Authority of India and PNC Kanpur Highways due to a one-time settlement under the Vivad Se Vishwas II Scheme of the Government of India. ** Rossari Biotech has incorporated its wholly-owned subsidiary Rossari Global DMCC in Dubai.  ** Punjab National Bank has increased its marginal cost of funds-based lending rate by 5 bps on 3-month to 3-year tenures, with effect from June 1. ** Indian Bank has raised its marginal cost of funds-based lending rate by 5 bps on its 3-month to 1-year tenures, with effect from June 3. ** Vilas Transcore will make its debut on the NSE Emerge on June 3. The issue price has been fixed at Rs 147 per share. Its equity shares will be available in the Trade-for-Trade Surveillance Segment.

Stocks in focus: ** Here's how auto sales fared for the month of May: - Hero MotoCorp: Total sales down 4.1% to 4.98 lakh units from 5.19 lakh units. Domestic sales fell 5.7% to 4.79 lakh units. Exports up 67.3% to 18,673 units. - Tata Motors: Total domestic sales up 2% to 75,173 units. Total CV sales up 2% to 29,691 units. Total PV sales up 2% to 47,075 units. Overal sales up 2.4% to 76,766 units. - Maruti Suzuki India: Total sales down 2% to 1.74 lakh units. Total domestic sales up 3.4% to 1.57 lakh units. Total domestic PV sales flat at 1.44 lakh units. Total exports down 34.4% to 17,367 units. - TVS Motor: Total sales up 12% to 3.7 lakh units. Total 2W sales up 13% to 3.59 lakh units. Domestic 2W sales up 7% to 2.71 lakh units. EV sales up 4% to 18,674 units. Exports up 27% to 96,966 units. 3W sales down 8.8% to 10,324 units. - Mahindra & Mahindra: Total auto sales up 16.7% to 71,682 units. PV sales up 31% to 43,218 units. Total domestic PV sales up 17.5% to 69,099 units. Total tractor sales up 9% to 37,109 units. Total exports up 2% to 2,671 units. - Ashok Leyland: Total vehicle sales up 12% to 14,682 units. Total M&HCV sales up 12% to 9,243 units. Total LCV sales up 12% to 5,439 units. - Eicher Motors: VECV sales up 9.7% to 6,901 units. Domestic sales up 8.2% to 6,304 units. Exports up 66% to 415 units. Royal Enfield sales down 8% to 71,010 units. Up to 350cc sales down 13% to 59,852 units. Exceeding 350 cc sales up 32% to 11,158 units. Exports up 12% to 7,479 units. - Escorts Kubota: Total tractor sales down 6.1% to 8,612 units. Domestic tractor sales down 5.4% to 8,232 units. Exports down 17.9% to 380 units. Construction equipment sales up 3.3% to 439 units. (Industry set for significant growth in the near future due to continuation of major infrastructure projects post elections). - SML Isuzu : Sales up 21.2% at 1,563 units Vs 1,290 units PV grow 19.3% to 1,245 units Vs 1,044 units - Atul Auto : Total sales up 112% at 2,331 units Vs 1,101 units.  - VST Tillers: Power tillers & tractors sales down 34.1% to 2,474 units Vs 3,756 units ** Defence, PSUs, Railways: Due to the outcome of the exit polls predicting government continuity. ** Adani Ports: Wholly-owned subsidiary has signed a concession agreement with the Tanzania Ports authority to operate and manage the container terminal 2 at Dar es Salaam Port, Tanzania. Additionally, a JV between East Africa Gateway Ltd., AD Ports group and East Harbour Terminals have entered into a share purchase agreement to acquire 95% stake of Tanzania International Container Terminal Servies Ltd. from Hutchison Port Holdings Ltd. and Harbours Investment Ltd. for $39.5 million. ** Canara Bank: Approves initiating the process to dilute 14.5% stake in Canara HSBC Life Insurance through its IPO.  ** Deepak Nitrite: Approved the acquisition of 1.49 crore equity shares of Narmada Thermal Power Pvt. Ltd. for an aggregate consideration of ₹61.65 crore in one or more tranches. NTPPL does not have any business at the moment but has an industrial land admeasuring 125 acres in Bharuch, Gujarat. ** Aurobindo Pharma: TheraNym Biologics Pvt. Ltd., a wholly-owned subsidiary and an affiliate of CureTeQ signed a Master Service Agreement with Merck Sharp & Dohme Singapore Trading Pte. Ltd. to expand the biologics manufacturing facilities of TherNym and also explore possibilities to enter into contract manufacturing operations for biologicals. TheraNym will build the facility, manufacture the products and supply to MSD as per the arrangement. TheraNym will invest around ₹1,000 crore for establishing the facility with large scale bioreactors for any mammalian cell culture products and a vial filling isolator line for commercial drug product, manufacturing up to 25-30 million vials per annum. ** MOIL: Hikes prices of Ferro Grades with Manganese content of Mn-44% and above by 35% from June 1. Ferro Grades with Manganese content below Mn-44% prices hiked by 30% from June 1. Prices of all SGMR, Fines, and Chemical grades hiked by 30% from June 1.

*NBCC* Secured projects worth Rs 23,500 crore in FY24 on a consol. basis 1. NBCC has reported a very good set of numbers. The revenues grew by about 43% to Rs 4,025 crore, EBITDA grew by over 130% to Rs 243 crore and margins improved by 230 bps on a YoY basis. All of this was led by their PMC business where revenues came in near Rs 3,700 crore vs Rs 2,500 crore reflecting a jump of 47% YoY. 2. On the segmental performance, if we take a look on a quarterly basis, all the verticals, be it PMC, Real Estate, and EPC, have reported double-digit revenue growth. However when we compare it on a YoY basis, only real estate vertical reported a decline of 6%. 3. Earlier, the company reported that it secured projects worth Rs 23,500 crore during the last FY24 on a consolidated basis and orders worth Rs 18,400 crore on a standalone basis. 4. Among major orders received in FY24, the company got additional floor area ratio (FAR) work in the Amrapali project worth Rs 10,000 crore. 5. The management says that with a robust orderbook and a strategic focus on redevelopment and land monetisation, NBCC is well positioned to not only sustain but also incrementally elevate its growth trajectory, propelling sustainable development forward in India’s construction and infrastructure landscape.

*HBL POWER* Targets FY25 revenue at Rs 2,093 crore excluding Kavach tenders 1. HBL Power reported a strong performance in the March quarter of 2024. The company reported revenue growth of 52% to Rs 610 crore and an EBITDA growth of 194% at Rs 132 crore, with margins expanding by 1050 bps to 21.6%. Net profit was up more than 130%, coming in at Rs 81 crore against Rs 35 crore in Q4FY23. 2. Coming to segmental performance, the company’s industrial batteries were up 22% to Rs 365 crore, defence & aviation batteries were up 71% to Rs 63 crore, while electronics were up 205% and stood at Rs 168 crore. 3. The company has released its growth strategies and potential sales by business segment for FY25 where they are targeting revenue at Rs 2,093 crore excluding Kavach tenders. EBITDA margin is expected to be around the 19% mark. 4. The company has reduced its debt exposure - both long-term and working capital - significantly strengthening its ability to address an exciting future. 5. The company’s overall business continues to transform in favour of better-margin portfolios. Fundamentally, the company is also very positioned, which further builds confidence.

Today's Headlines *Economic Times* 📝 Amul milk price hiked by Rs 2/litre across all variants with effect from June 3 📝 Trent plans global retail push after acing it in India 📝 As work-from-home trend declines, flexible office spaces work for employees and companies 📝 Forex remittances worth Rs 50,000 crore under ED scanner 📝 Aramco's $12 billion stock offer sells out in hours 📝 Heatwave shaves 2% off loan collections in May 📝 Adani portfolio delivers record 45% EBITDA growth in FY24 📝 India-US discussions underway for $3.9 billion MQ-9B drones acquisition 📝 JM Financial to fund realty projects through AIF, syndications 📝 NMDC's iron ore output falls 37% in May; sales down 22 pc 📝 US-based Zeda plans to raise up to $200 million for India foray 📝 100X.VC invests $2.7 million in 17 startups 📝 Agnikul eyes launching satellites by 2025: CEO Srinath Ravichandran *Business Standard* 📝 Investors take larger bets in fewer startups as funding winter lingers 📝 India Inc's combined net profit in Q4 grew least in last 5 quarters 📝 LIC's Adani group portfolio value surges 51.6% at Rs 66,000 crore 📝 Income tax department imposes penalty of over Rs 4.68 crore on L&T 📝 CBIC steps up its vigil over imports of unbranded gold jewellery 📝 India's CAD may show dip in Q4 as net exports hit 11-quarter high 📝 Deep tech startup policy to promote innovation likely in forthcoming Budget 📝 Spectrum auction signal fades: Lowest earnest money deposit since 2013 📝 Major 18 listed builders sell properties worth Rs 1.17 trillion in FY24 📝 Manufacturing telecom gear in India may get a Rs 3,000 crore push *Financial Express* 📝 GST appeal process to be fully digitised 📝 Ransomware attacks on the rise! Nearly 2900 assaults by 85 telegram hacktivist groups between January-March 📝 Wheat stocks fall to lowest since 2008 📝 Oil producers led by Saudis extended supply cuts amid slack prices 📝 Indian infra companies, allied firms hike capex for FY25 📝 Post RBI guidelines, big players set to apply for fintech SROs *Mint* 📝 No relief from heatwaves in northwest, central and east India until Tuesday: IMD 📝 Centre to continue extending support to states affected by cyclone Remal: Modi 📝 Govt may raise incentives, provide VFG to make India global ship-building hub 📝 REC may sanction up to ₹1.75 trillion for coal-fired power projects by 2032 📝 Job cuts in Tata Steel's UK operations ‘inevitable’, says CEO T V Narendran 📝 Chinese spacecraft lands on moon's far side to collect rocks

*News Headlines from Business News Agencies :* *Business Standard :* 📝 Mumbai city sees 12,000 property registrations in May, up 22% annually: Rpt 📝 Tata Motors likely to make Tamil Nadu export hub for EVs from JLR 📝 Meganet set to log Rs 1,000 cr revenue in next two years, says CEO Pipada 📝 Maruti Suzuki India sees 2% drop in sales to 174,551 units in May 📝 India must encourage both hybrid and EVs, says Maruti Suzuki India 📝 Global agricultural trade focuses on India policies post new govt formation 📝 Tata Motors electric vehicle business posts Rs 9,300 crore revenue in FY24 📝 Fitch lowers Boeing 2024 aircraft delivery, free cash flow forecasts 📝 Wipro shareholders approve resolution on $4.3 mn pay package for ex-CEO 📝 Automaker Stellantis appoints Shailesh Hazela as CEO, MD of India ops 📝 BSE acquires entire equity stake of S&P Dow Jones Indices in Asia Index 📝 Udupi Cochin Shipyard bags new order from Adani group's Ocean Sparkle 📝 Tata Capital seeks retail loans growth of 35% in FY25: Senior executive *Economic Times :* 📝 Economy expands 7.8% in Q4, lifting FY24 growth to 8.2% 📝 Commercial LPG prices slashed by Rs 69.50 after Rs 19 cut in May; ATF prices revised down 6.5% 📝 India's top 100 listed companies must verify market rumours in 24 hours: SEBI 📝 Microsoft to pay off cloud industry group to end EU antitrust complaint: report 📝 Nvidia set to overtake Apple as world's second-most valuable company at $2.68 trillion 📝 NMDC's iron ore output falls 37% in May; sales down 22 pc 📝 Tata Motors sales up 2 pc at 76,766 units in May 📝 OPEC+ extends oil cuts to third quarter, discusses 2025, sources say 📝 Boeing hit with $72 million verdict in EV aircraft trade secrets case 📝 GlobalLogic sees increased business from India-based GCCs 📝 DoT mulls using drones, balloons for 5G connectivity in emergencies 📝 India's fiscal numbers, growth to be monitored for upgrade in next 24 months, says S&P 📝 Coal stocks at thermal plants continue to be more than 45 MT amid peak power demand *Mint :* 📝 Tata Group working on 100 Gen AI projects: Chandrasekaran 📝 Tesla shareholder sues Elon Musk for alleged $7.5 billion insider trading 📝 Maruti Suzuki cuts prices of auto gear shift models by ₹5,000 from 📝 India has enough room for multiple wide-body carriers to flourish: Emirates 📝 Moderna’s RSV shot wins FDA approval for use in older adults 📝 Govt may raise incentives, provide VFG to make India global ship-building hub 📝 No relief from heatwaves in northwest, central and east India until Tuesday: IMD 📝 Hindustan Zinc to maximize silver production amid record rally 📝 Three co-founders of Quotient Ventures resign to start own venture 📝 Anant Yardi becomes majority stake owner of WeWork, David Tolley remains as CEO 📝 Reliance, Tata on TIME's list of world's most influential companies 📝 RBI working to expand UPI to 20 countries by 2029, shows Annual Report 📝 Moderna’s RSV shot wins FDA approval for use in older adults

Adani Group's Credit Profile Sees Sharp Rise As Debt Declines Steadily https://www.ndtvprofit.com/business/adani-groups-credit-profile-sees-sharp-rise-as-debt-declines-steadily

Godfrey Phillips Family Feud: Samir Modi Alleges Assault By Mother Bina In Inheritance Battle https://www.news18.com/business/godfrey-phillips-family-feud-samir-modi-mother-bina-inheritance-battle-8913476.html