Best Stock Tips For Today (22nd June)
Today the QIP of Federal Bank will open and its floor price is fixed at Rs. 117.04. The Federal Bank is planning to raise $ 31 million via QIP.
RBI has lifted the ban on foreign investment in IDFC. IDFC exceeds 48 per cent foreign investment limit.
Creditors have relieved Jaiprakash Associates from insolvency proceedings. Creditors have got approval to repay the loan by selling the land. A plan to return 13,000 crore rupees to the bank by selling the land of Jaiprakash Associates.
SEBI has allowed the AIF, which is allowed to invest in commodity futures, the Alternative Investment Fund. SEBI was considering this issue with the government for a long time. Sebi’s decision has opened the way for institutional investors in commodity trading.
HUL / ITC / Marico / Hero Moto / TVS Motor / Bajaj Auto
Estimated rainfall less than average during June-August. Japan’s weather agency has feared weak monsoon. According to Marine-Earth Science, there is a possibility of weak monsoon in many countries including India.