Kaynes Technology India Ltd is likely to launch Rs 1,600-crore qualified institutional placement (QIP), reported CMBC-Awaaz on June 19 citing sources.
HDB Financial IPO: Unlisted shares of the company were trading with a GMP of nearly Rs 103 apiece in the grey market, ahead of listing….Read More
Japan’s core inflation hit a more than two-year high in May and exceeded the central bank’s 2% target for well over three years, keeping it under pressure to resume interest rate hikes despite economic headwinds from U.S. tariffs.
The data underscores the challenge the Bank of Japan faces in juggling pressure from sticky food inflation and risks to the fragile economy from uncertainty over President Donald Trump’s trade policy.
The core consumer price index (CPI), which excludes volatile fresh food costs, rose 3.7% in May from a year earlier, data showed on Friday, exceeding market forecasts for a 3.6% gain and accelerating from a 3.5% increase in April.
The rise, which was the fastest annual pace since the 4.2% hit in January 2023, was driven largely by stubbornly high prices of food – particularly those of Japan’s staple rice that saw prices double in May from year-before levels.
China kept benchmark lending rates unchanged as expected on Friday, after Beijing rolled out sweeping monetary easing measures a month earlier to support the economy.
The one-year loan prime rate (LPR) was kept at 3.00%, while the five-year LPR was unchanged at 3.50%.
Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.
After the conclusion of the inspection, the US Food and Drug Administration (FDA) has issued 7 observations in the Form-483, for company’s pharma division in Kothur, Hyderabad. US FDA had conducted an inspection at the said division during June 9-19. The company will address the observations within the stipulated timeline.
The dollar was set to log its biggest weekly rise in over a month on Friday, as uncertainties about a raging war in the Middle East and the repercussions it could have on the global economy fuelled an appetite for traditional safe havens.
The dollar index comparing the U.S. currency against six others is poised for a 0.5% climb this week. The conflict between Israel and Iran shows no signs of subsiding and market participants are nervous about potential U.S. intervention in the region.
In early Asia trading, the euro inched up 0.16% to $1.151, while the dollar weakened against the yen by 0.17% to 145.23 per dollar.
The Swiss franc was flat at 0.816 per dollar on Friday but was set for its largest weekly drop since mid-April after the country’s central bank lowered borrowing costs. Swiss rates now stand at 0%.
Currencies positively correlated to risk sentiment such as the Australian and New Zealand dollars were steady, while sterling was little changed at $1.34.
Oil prices were on track to rise for the third straight week despite slipping on Friday, with investors on edge as the week-old war between Israel and Iran showed no signs of either side backing down….Read More
Nifty50 remained range-bound throughout the trading session, ultimately closing at 24,793.25 with a marginal loss of 18.80 points. Among the sectors, Auto was the only one to end in the positive territory, while all the others closed in the red. PSU Banks and Media stocks were the major laggards. While the Benchmark Index showed limited movement, the real pain was visible in the broader markets, where Midcap and Smallcap segments experienced relentless selling pressure.
The formation of a DOJI candlestick pattern on the daily chart indicates an indecision between bulls and bears. The trading range is narrowed further, with immediate resistance now placed at 24,920 and support at 24,670.
FMCG major Nestle India Ltd on June 19 said its board will consider issue of bonus shares on June 26.
“This is to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 26th June 2025, to inter-alia consider and approve the proposal for issue of bonus shares, subject to requisite approvals. In view of the above event, the Trading Window for dealing in the securities of the Company shall remain closed from 19th June 2025 to 28th June 2025 (both days inclusive),” said Nestle India in a stock exchange filing.
In January 2024, Nestle India undertook a 1:10 stock split.
Oil prices were on track to rise for the third straight week despite slipping on Friday, with investors on edge as the week-old war between Israel and Iran showed no signs of either side backing down.
Brent crude futures fell $1.57 cents, or 2%, to $77.28 a barrel. On a weekly basis, it was up 3.9%.
The U.S. West Texas Intermediate crude for July – which did not settle on Thursday as it was a U.S. holiday and expires on Friday – was up 86 cents, or 1.1%, to $76. The more liquid WTI for August rose 0.7%, or 50 cents to $74.
Prices jumped almost 3% on Thursday as Israel bombed nuclear targets in Iran, and Iran fired missiles and drones at Israel after hitting an Israeli hospital overnight.
Asian markets were trading mostly higher as investors assessed China data and monitored escalating tensions between Israel and Iran.
US private equity firm TPG has launched a block deal to sell part stake of around 6% in Sai Life Sciences and raise around $102 million, multiple industry sources in the know told Moneycontrol.
“The deal has been launched and the floor price is Rs 710 per share, a 2.5% discount to the last trading price,” one of the persons familiar with the transaction told Moneycontrol.
A second person confirmed the above and added that TPG Asia is the selling entity and IIFL Capital and Jefferies are the advisors on the proposed transaction.
TPG Asia VII SF PTE Ltd holds a 24.73% stake in Sai Life Sciences. Hyderabad-based Sai Life Sciences provides end-to-end services across the drug discovery, development and manufacturing value chain for small molecule new chemical entities (NCE) to global pharmaceutical innovator companies and biotechnology firms. The firm made its market debut in December 2024. Read More