News Overview

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 39 points at the opening bell. Global markets: Overseas, Asian stocks are mostly trading higher on Tuesday following a positive lead from Europe as some stability returned to markets after last weeks hefty losses. Meanwhile, Australias central bank says inflation will peak by the end of […]

However, the ministry also claims that the country faces a minimal chance of stagflation.

The Board of Eureka Forbes has accepted the resignation of Marzin R Shroff as the Managing Director and Chief Executive Officer Executive Director of the Company with effect from in or around August 2022

Housing Urban Development Corporation HUDCO announced that Fitch Ratings – has affirmed the ratings of HUDCO at BBB- level ie at the sovereign level At the same time Fitch Ratings has revised the outlook of HUDCO to Stable from Negative The rating action follows the change in outlook of Govt of India rating to Stable from Negative on 10 June 2022

Here are the companies making the headlines and have the potential to move the markets.

National Fertilizer announced the appointment of Hira Nand as an Additional Director Director – Finance on the Board of the Company wef 17 June 2022

Shipping Corporation of India announced the cessation of Lawrence C Serrao has ceased to be the Chief Financial Officer of the Company upon appointment of C I Acharya as Director Finance on 13 June 2022

Cholamandalam Investment Finance Company has allotted 141920 equity shares of Rs2 each to employees who have exercised their options under the employees stock option scheme

Cues from other Asian markets are positive

Sona BLW Precision Forgings announced that the 26th Annual General Meeting AGM of the company will be held on 14 July 2022