Good morning, people!
Here are the top stories to start your day.
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⭐ Delhivery plans expansion in major cities 🚚
Logistics company Delhivery is planning to expand its infrastructure in Bhiwandi (Greater Mumbai) and Bengaluru. It is collaborating with Welspun for a 700,000 square feet mega-gateway in Greater Mumbai. Meanwhile, it is working with GMR for a one million-plus square feet facility, to be used as a warehouse for multi-channel order fulfilment. These will be operational by 2023, and will increase the company's processing capacity.
⭐ Matrimony.com announces buyback record date 😍
Shares of Matrimony.com were up 6.6%, after it announced the details of a planned ₹75 crore share buyback. The company has set 4 July as the record date. The buyback price has been fixed at ₹1,150 per share. This is a nearly 40% premium compared to the closing price of ₹823 a share on Wednesday (22 June).
⭐ Domestic air passenger traffic rises 🛫
Domestic air travel is witnessing a comeback in demand despite rising airfares. As per data from the Directorate General of Civil Aviation (DGCA), Indian carriers flew 1.20 crore passengers domestically in May. This is about 11% higher than the air traffic witnessed in April.
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.11% |
| Nikkei 225 (Japan) | ▼ 0.01% |
| Hang Seng (Hong Kong) | ▲ 0.16% |
| SSE Composite (China) | ▲ 0.13% |
| Dow Jones (US) (June 22) | ▼ 0.15% |
| NYSE (US) (June 22) | ▼ 0.05% |
| Nasdaq (US) (June 22) | ▼ 0.15% |
| S&P 500 (US) (June 22) | ▼ 0.13% |
Fact of the day
Russian journalist Dmitry Muratov auctioned off his Nobel Peace Prize for a record $103.5 million, to raise money for Ukrainian child refugees.
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Investment in securities markets is subject to market risks; please read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results. Details provided in the above newsletter are for educational purposes and should not be construed as investment advice by RKSV group. Investors should consult their investment advisor before making any investment decision.