Business Headlines of the Day : June 7, 2024

•Air India aims to double transit international traffic

•Cummins India battles stiff competition, export challenges

•Markets shrug off election results shock, embrace NDA coalition; now eye policy continuity for upside

•European shares close shy of record after ECB delivers first rate-cut in five years

•Assam government increases petrol prices by Rs 1.02 per litre, Diesel by Rs 1.01 a litre

•Credit-to-deposit ratio of banks falls 50 bps since March as deposit growth slows

•Monsoon hits Maharashtra, but may falter next week

•’Made in India’ bullet trains with top speed of 250 kmph in making

* NCLT allows fresh round of bidding for KSK Mahanadi

•Demand under rural jobs scheme eases again in May

•Pharma industry raises concerns over new Schedule M’s impact on cosmetic manufacturing

•Sebi warns ICICI Bank over outreach for I-Sec delisting

•Hero Moto raises 2% stake in Ather Energy for Rs 124 cr

* Gas sector may come under GST purview in Modi 3.0: Citi

* ‘Attempt to create fear in investors’: BJP hits back at Rahul Gandhi on ‘stock market scam’ charge

* ‘Jaypee creditors pick IBC over NARCL’s Rs 10,000 crore offer

•Maruti Infra hits 52-week high as board to consider stock split, bonus issue

* BHEL shares soar on Rs 3,500 crore order from Adani Power

* Have exited cap goods, PSU banks; consumption the big theme now: Quant MF’s Sandeep Tandon

* Heritage Foods surges another 10% as TDP’s Chandrababu Naidu becomes new CM

•NBCC bags 13 orders worth close to Rs 500 crore, shares rally

* Century Textiles stock zooms after arm forms JV to develop land in Gurugram with Rs 5,000-cr revenue potential

* Amara Raja shares hit record high after TDP’s strong election show

* Sebi notice to PB Fintech’s Yashish Dahiya over $2 million Dubai investment

* FIIs sell shares worth Rs 6,867 crore, DIIs buy Rs 3,718 crore as Nifty, Sensex gain

• Bulk deals: Ashish Kacholia buys 27.5% stake in Aimtron Electronics

* ITC shareholders approve demerger of hotel business; stock up

* Bajaj Finance arm Bajaj HF approves IPO; fresh issue of up to Rs 4,000-cr plus OFS

* RBI’s June policy decision to be a non-event for markets; all eyes on inflation, GDP forecast

•Uno Minda partners with lnovance Automotive to strengthen electric four-wheeler portfolio

•Cholamandalam Investment’s Vellayan Subbiah bullish on private capex cycle, bets big on e-mobility

•Zee board approves raising funds up to Rs 2,000 crore

•HUL appoints Arun Neelakantan as Executive Director, Customer Development

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