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Eurozone annual inflation rate rose to 2% in June from 1.9% in May.
US housing starts plunged by 12.30% to an annual rate of 1.17 mn in June after jumping by 4.8% to a revised rate of 1.34 mn in May.
US retail sales increased 0.50% in June; data for May was revised higher to show sales rising 1.30%.
Eurozone trade surplus was 16.50 bn euros in May 2018 compared with 19.30 bn euros surplus in May 2017.
Suzuki Motorcycle India aims to invest Rs. 600 cr in the first phase of its second plant, which it plans to set up in the country.
ECL Finance (ECLF) is to raise up to Rs. 2000 cr through a public issue of bonds.
Bajaj Finserv Q1 consolidated profit rises 41.00% to Rs. 825 crore versus Rs. 585 crore; revenue increases 39.00% at Rs. 3943 crore versus Rs. 2839 crore (YoY).
ABB India Q2 profit rises 35.80% at Rs. 102.10 crore versus Rs. 75.10 crore; revenue increases 21.50% at Rs. 2713 crore versus Rs. 2233 crore (YoY).
Result to be declared today: Atul, Bajaj Auto, Bata, HDFC Standard Life Insurance Company, L&T Finance Holding, Wipro.
HCL Technologies completes the $330 mn acquisition of US-based Actian Corporation in partnership with Sumeru Equity Partners (SEP).
Reliance Industries plans to raise about Rs. 40000 cr in fresh debt this fiscal as it expands its consumer businesses.
Bharti Airtel is in talks with Warburg Pincus to raise $1.50 bn by selling up to 15% in its holding company for African operations.
Government / Regulatory News:
The Asian Development Bank (ADB) says India will continue to be the fastest growing major economy, ahead of China, with 7.30% growth rate in 2018-19 and 7.60% in 2019-20.
Rajya Sabha passes the Requisitioning and Acquisition of Immovable Property (Amendment) Bill, 2017.
Brokers on India’s equity derivatives markets are locked in combat with NSE over levy of STT following the introduction of physical settlement of trades.
Government decides to drop the Financial Resolution and Deposit Insurance (FRDI) Bill.
Finance Ministry extends the existing anti-dumping duty on imports of grinding media balls from China and Thailand for five more years.
India’s wholesale prices shot up to 5.77% in June from 4.43% in May.
International Monetary Fund (IMF) projects a growth rate of 7.30% in 2018 and 7.50% in 2019 for India as against 6.70% in 2017, making it the fastest growing country among major economies.
SEBI is to finalise guidelines to allow mutual funds to invest in commodity derivatives.
SEBI calls for a meeting of independent trustees of mutual funds on 25th July.
Kotak Mutual Fund will launch Kotak Balanced Advantage Fund, an open-ended dynamic asset allocation fund. NFO will remain from 13 to 27th July.
Aakash Education Services files draft papers with SEBI to raise Rs. 1000 cr through an IPO.
ReNew Power may postpone its IPO.
PN Gadgil & Sons and KPR Agrochem get SEBI’s nod to float IPOs.
Monthly collections through Mutual Fund’s SIP in June this year rose by Rs. 250 cr over the month of May to touch record high of Rs. 7554 cr.
IRCON gets SEBI nod for IPO, issue likely in Sept.
Global private equity KKR-backed Avendus Capital is said to be in the final stage of discussions to acquire IDFC Mutual Fund.
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