#IndianRailways increases the limit of booking online tickets in a month, allows passengers to book 12 tickets in a month if user id not linked to Aadhaar #trains #Railway pic.twitter.com/ihyhRD5yb1— CNBC-TV18 (@CNBCTV18Live) June 6, 2022
class EV charging to residential customers of Kolte-Patil Developers, further easing their emobility journey, providing a uniform and ubiquitous EV charging experience, Kolte-Patil said in an exchange filing.–>
Kolte Patil partners Tata Power to set up charging stations across its projects: Kolte-Patil Developers has partnered with Tata Power to set up charging stations across its projects in the cities of Pune, Mumbai and Bengaluru for providing comprehensive charging solutions to the EV owners. As part of wider green mobility adoption, EVs and the charging infrastructure play a key role to mitigate climate change challenges in the urban mobility space. Tata power wiih its expertise and proven track record to provide seamless EV charging facilities will offer best-inclass EV charging to residential customers of Kolte-Patil Developers, further easing their emobility journey, providing a uniform and ubiquitous EV charging experience, Kolte-Patil said in an exchange filing.
RBI may go for 40 bps rate hike, huge upward revision in inflation forecast on June 8
Economists polled by Moneycontrol see the central bank following up its May 4 repo rate hike with a similar increase on June 8. The extent of its concern will likely be reflected in the upward…
Market at 1.00 PM
Indices off day’s highs, Sensex trading lower by around 60 points, Nifty around 16,550
The Sensex was down 74.37 points or 0.15% at 55,684.86 and the Nifty was down 22.35 points or 0.13% at 16561.95. About 1302 shares have advanced, 1960 shares declined, and 177 shares are unchanged.
Nifty IT Index recovers from day’s lows, but still down 0.45 percent
From @Reuters | @TataMotors bags order for delivering the biggest EV fleet in India, signs agreement with Blusmart for 10,000 Xpres T #electric vehicles #electricvehicles #Tata pic.twitter.com/d1Q0fomAlL— CNBC-TV18 (@CNBCTV18Live) June 6, 2022
Oil India jumped more than 5 percent in today’s tradeOil India jumped more than 5 percent in today’s trade after brokerage firm Kotak Institutional Equities upgraded its rating on the stock to “add” and raised its fair value target to Rs 285. The stock was trading at Rs 263.7 after making an intra-day high of 266.8. The upgrade in the rating by the brokerage firm is driven by the change in its assumption of crude oil prices in the current and next financial year.
Nomura’s Chetan Seth is neutral on India as other emerging markets offer better multiples
“We are also a bit concerned about inflation and the hawkish turn by the RBI. Those are the two concerns. Medium term we do like India, there are a lot of positives on India equities.”
Thyrocare Technologies was quoting at Rs 678.60, up Rs 45.25, or 7.14 percent. It has touched an intraday high of Rs 691.00 and an intraday low of Rs 638
As per the advise of DGCA, SpiceJet restricted 90 pilots from operating MAX aircraft, until these pilots undergo re-training to the satisfaction of DGCA. This restriction does not impact the operations of MAX aircraft and the Company has adequate trained pilots available for its operations. Basis the observation of DGCA these 90 pilots shall undergo re-training. DGCA has imposed penalty of Rs 10 lakh basis its audit observations. The restriction doesn’t impact SpiceJet’s operations of Max aircraft and the airline has adequately trained pilots, according to the statement.
Market update at 1 PM: Sensex is down 240.27 points or 0.43% at 55528.96, and the Nifty shed 60.10 points or 0.36% at 16524.20.
Industry sources: Steel prices to soon come down due to lower raw material prices:
NMDC iron ore prices fell 25%, coking coal price also fell in past 10 days. Government trying to rein in inflation by cooling domestic steel market. If coking coal, iron ore prices fall further, downside will be seen in domestic steel prices. Further fall in raw material price will lead to fall of Rs 3,000-5,000 per tonne in steel price, according to a CNBC-TV18 report.