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Tata Coffee, R Systems International, Shree Digvijay Cement Company, Sagarsoft (India), LKP Securities, LKP Finance and Citizen Infoline will have their annual general meetings meanwhile Winsome Textile Industries and Gayatri Tissue & Papers will have their EGMs today.

Stocks that were in action on Friday included names like Titan Company which fell more than 6 per cent, Hindustan Aeronautics which rose more than 6 per cent, and Wipro which fell more than 4 per cent to hit a fresh 52-week low.

ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 324471.33 Crore) operating in Tobacco sector.

A senior executive aware of the developments said the move is aimed at increasing insurance penetration, retention, reducing protection gap and also creating new avenues of consumer and corporate financing.

The most significant boost will come from the currency benefit, which may add more than ₹1,500 crore to its operating profit this fiscal year, as per an ETIG analysis, if the currency exchange rates remain at the current levels.

These Indian banks will likely open accounts at their Russian counterparts and vice versa, as decided last week in meetings held in New Delhi to ensure smooth trade flows without violating the economic sanctions on Russia over the Ukraine war. The Reserve Bank of India is expected to come out with an operational circular, paving the way for this.

One of the strategies which present a compelling case for investment is the floating rate fund. This is because of its inherent nature to adjust to rising interest rates and coupons which accrue to investors as the benchmark/overall RBI rates move higher. Since floating rate securities have a positive correlation with rising interest rates, it provides the much-required necessary cushion to the portfolio.

The deal, pegged at $1 billion, will also will help L&T get cash upfront instead of through staggered payments, allowing it to deleverage its balance sheet, while the private equity group gets a portfolio of real estate assets with some first-loss protection as well as building a relationship with the engineering giant.

Production at U.S. factories unexpectedly fell in May, the latest sign of cooling economic activity as the Federal Reserve aggressively tightens monetary policy to tame inflation. European Central Bank policymaker Klaas Knot said on Friday the ECB may need to make several 50 basis point rate hikes if inflation continues to rise and that he expected about 200 basis points of hikes.

Nasdaq futures made the early running with a rise of 1.0%, while S&P 500 futures bounced 0.6%. Recently, both have had a habit of gaining in Asia only to turn tail once London and New York open.