Notification: Municipal Statement regarding the Geary Street green space de-designated location
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This morning, the Halifax Regional Municipality engaged directly with individuals at the de-designated Geary Street green space to move the closure process forward.
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Lifeguard supervision and water quality testing in 2025 will take place between July 1st and September 1st. 
Know your swimming limitations if you choose to swim in unsupervised bodies of water. Always swim with a buddy in supervised areas and adults should never leave children unsupervised in the water.
Click on a link below to be taken to that section of this page.
Beach status in 2025 is updated weekdays by 8 a.m. and by 9 a.m. on weekends (between July 1 and September 1st). Please note that beach closures due to suspected blue-green algae can happen at any time. This page will be updated as needed regarding blue-green algae-related closures.
Water sample results are provided when they exceed Health Canada Guidelines for Recreational Water Quality. More information on testing processes and Health Canada guidelines are available in the Water Testing at Supervised Beaches section of this page.
Swimming and other primary contact activities are not recommended when a water quality advisory is in effect. More information about how a beach’s water quality status is determined can be found in the municipality’s 2025 Supervised Beach Water Quality Monitoring Protocol.
 
Municipal staff regularly test the water quality for bacteria (E. coli) levels, blue-green algae, and other waterborne contaminants at all supervised municipal beaches from July 1 to August 31. 
In 2024, the Halifax Regional Municipality adopted Health Canada’s updated Guidelines for Recreational Water Quality. The acceptable levels of bacteria in recreational water are displayed in the table below.
Allowable bacteria levels
When water samples show an exceedance of the guideline, measured E. coli bacteria concentrations will be posted with beach advisories in public service announcements and on the halifax.ca website.
While a swimming advisory is in effect, use of the beach area will be at the user’s own risk, lifeguards will be present on site to advise against swimming, and swimming lessons will be cancelled.
In 2024, Halifax Regional Municipality has adopted Health Canada’s updated Guidelines for Recreational Water Quality. The acceptable levels of bacteria in recreational water are shown above.
Swimming and other primary contact activities are not recommended when a water quality advisory is in effect. More information about how concentrations are measured, analyzed, and use to determine a beach’s water quality status can be found in the municipality’s 2024 Supervised Beach Water Quality Monitoring Protocol.
If a suspected blue-green bloom is observed at one of our supervised beaches, the beach is closed immediately, and water samples are analyzed for toxins. The supervised beach will re-open once water sample results are within Health Canada guidelines. When a bloom is reported to the province in a lake where the municipality supervises a beach, municipal staff conduct follow-up monitoring to ensure water quality is within Health Canada guidelines.
View more information on algae blooms here. 
Below is a flow chart showing the decision-making process used when opening or closing beaches following the observation of a potential blue-green algae bloom or mat near a municipally supervised beach.
Washrooms and change rooms are available at the following beaches at the hours listed. These facilities open on the long weekend in May and close at the end of September each year. Portable bathrooms are available at all other supervised beaches.
For information on beach closures, call our summer aquatics line at 902.490.5458.
To register for swimming lessons for summer 2025 visit our website in late spring 2025 to view registration dates. At that time, you can also call our registration line at 902. 490.6666.  All lessons must be pre-booked.
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Outdoor Pools will no longer be offering paid private pool rentals on weekends, allowing for more open swims for the public.  Groups are welcome to attend public swims. You are asked to come early to secure your spots as swims fill quickly!
Please Note Pool Ratios: 1 adult for every 3 children under the age of 8.
Payment for open swims and lane swims will be taken directly at the pools via cash, credit, or debit.  There is no requirement to pre-book swims.
Swim Fees: $2 (tax included) per person per swim.
 * Swimming at the Halifax Commons Outdoor Pool is FREE
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A comprehensive news update covering various significant events across Canada, including Gilbert Rozon’s civil sexual assault trial, a decline in opioid overdose deaths, Nunavut re-declaring suicide a crisis, a fatal rock slide in Banff National Park, political leadership reviews, and changes to the 2026 Census, alongside updates on infrastructure projects, health initiatives, and community events.
A comprehensive news update covering various significant events across Canada, including Gilbert Rozon’s civil sexual assault trial, a decline in opioid overdose deaths, Nunavut re-declaring suicide a crisis, a fatal rock slide in Banff National Park, political leadership reviews, and changes to the 2026 Census, alongside updates on infrastructure projects, health initiatives, and community events.

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The barista is a key figure in the industry. Acting as the “face” of specialty coffee in cafés around the world, they help inform consumers about the supply chain, why coffee freshness is so important, how to get the best results with different brewing methods, and much more. In turn, the wider industry benefits enormously.
But the role of the barista hasn’t always been so revered. For years, due to lack of investment and formal training, many considered working in a coffee shop to be a stopgap job rather than a viable career option. 
Thankfully, attitudes have since changed. In specialty coffee in particular, long-term career opportunities are well within reach – as long as baristas receive support from their employers to keep building on their skills.                                                        
Tanya Nanetti, co-founder of Coffee Insurrection and Barista Hustle coach, tells me why skill development is integral to barista career success.
You may also like our article on how coffee shops can manage barista and staff shortages.
Baristas are considered irreplaceable in specialty coffee, but this wasn’t always the case. Historically, their role was downplayed and didn’t receive as much recognition as it deserved.
“Before the advent of specialty, coffee was a commercial product that didn’t require any real knowledge to prepare and serve it,” says Tanya Nanetti. She is a co-founder of Coffee Insurrection – a platform dedicated to celebrating and uplifting the international specialty coffee community, including baristas and roasters. “As a result, baristas were operators of coffee machines rather than skilled professionals.”
This unfair perception was reinforced by the fact that baristas often received little to no investment from their employers. Not only did this make them feel less valued than their industry counterparts, it also substantiated the belief that their work required less experience and skill.
As a result of fewer opportunities, it was difficult for baristas to progress in their career, and can still be today. Moreover, the cost of living in many major cities is often much higher than the average barista salary, which can make it even more challenging for them to invest in training courses and skill development. For example, a 2024 cost of living index found that the average US household spends US $5,111 per month (or US $61,334 per year) on general expenses, with the average monthly rent for a two-bedroom apartment in the country totalling US $1,154.
As of January 2024, Indeed estimates that the average US barista earns US $15.22 per hour (or US $35,591 annually), plus around US $20 in tips per day. 
“Even those with excellent resumes and well-developed skill sets are often paid just above minimum wage in their country,” Tanya explains. “This is one of many reasons behind high staff turnover rates in coffee shops around the world.”
Perceptions of the barista role began to shift once third wave coffee consumption started to grow in the early 2000s.
“As specialty coffee culture began to spread in different markets, with it came the idea that coffee was a product that required knowledge and care to prepare to high standards,” Tanya says. “It was during this time that the concept of the ‘professional barista’ became what it is today.”
Many now consider preparing specialty coffee as both an art and an exact science. Baristas must know how to dial in espresso, pour latte art, and brew pour over – all of which requires precision, consistency, and a certain level of creativity.
In turn, more coffee shop operators have recognised the need for highly-skilled staff who have solid coffee knowledge and excellent customer service skills. Baristas now need to have a thorough understanding of different processing methods and origins, and effectively communicate this information to consumers. In some cases, customers may also want to know about the producer and co-operative that grew the coffee, so it’s often the barista’s job to share these details.
As they are the main point of contact for many consumers, baristas also play a critical role in upholding the brand and reputation of a coffee shop. Moreover, they also represent the producers, traders, roasters, and other actors involved in the supply chain – meaning they hold more responsibility than ever before.
Tanya explains that any new barista should have an understanding of the basic skills that most hospitality jobs require. These include:
Technical coffee preparation skills are also crucial, although most of these are acquired over time in a café setting. Baristas should also be comfortable using different brewing methods and commercial equipment like grinders, espresso machines, and cold brew systems. Similarly, Tanya emphasises that proper equipment maintenance – including disassembling grinders and cleaning espresso machines – is important.
A number of soft skills are also crucial to the job role. The most successful baristas are patient, communicative, and professional. Moreover, having a strong work ethic, attention to detail, and a desire to learn will encourage further career development.
Tanya also highlights how important it is to adapt to new, unexpected, or challenging situations.
“Proper stress management is one of the most important soft skills a barista should have,” she explains. “I have seen even great baristas panic under stress, which creates confusion and adds strain to the rest of their team.”
“It’s essential for a barista of any skill level to keep practising and attend training courses,” Tanya says. “As with many other jobs, you never stop learning – even when you become a head barista or trainer.”
Like in any job role, baristas must be willing to develop their skills if they want to establish a career in the coffee industry. But receiving ongoing investment and support from employers can still be difficult.
“In an ideal world, one of a coffee shop operator’s main goals would be to hire a team of qualified baristas, which is why owners should regularly provide access to training courses, classes, and workshops,” Tanya explains. “Unfortunately, at least in my experience, this doesn’t happen often, so many baristas have to find their own learning resources.”
There are several accredited barista training courses available in the industry, but most come with a significant price tag that some may not be able to afford. As alternatives, a number of free resources are available online, as well as low-cost in-person workshops and classes.
Engaging with local coffee professionals and businesses is also an effective way for baristas to further their careers. Networking with like-minded and driven people in the industry can encourage knowledge sharing and even open up potential job opportunities.
There are many different directions that baristas can take when considering new career opportunities. One avenue is to explore other jobs within a coffee shop setting.
“Experienced baristas may aspire to become store managers, trainers, or a head of coffee,” Tanya explains. These roles provide insight into wider coffee shop operations and higher-level responsibilities, such as budgeting, managing staff, menu planning, and marketing.
Finding new job postings can be daunting. Dedicated coffee job boards like PDG Jobs can make the process easier. The platform includes listings from some of the most well-known companies in the specialty coffee industry and is regularly updated with a variety of job opportunities for baristas, roasters, and more.
Outside of cafés, baristas can put their skills to use in a number of other ways. Ultimately, their next career step depends on their personal long-term goals and interests.
The barista-to-roaster route is common, however, it may not always be the most logical. For some, deciding to forge an independent coffee career might be more worthwhile.
Hosting educational classes can bolster a barista’s presence in the wider coffee community, diversify their income, and present more opportunities to take part in high-level competitions. In turn, baristas can better establish themselves in the global coffee sector, and maybe open their own coffee shop or educational facility.
It’s also been impossible to ignore the recent rise in the number of coffee “influencers”. Notable industry professionals can attract a large number of followers on social media platforms like Instagram, YouTube, and TikTok – and can essentially brand and market themselves as coffee experts on a much larger platform.
Platforms like PDG Jobs can be useful tools for baristas to find coffee jobs outside of the café space. They host job listings across the supply chain, including quality control, Q grader, and green coffee buyer.
Developing a career in specialty coffee has never been more viable. If baristas want to progress in their roles, building on soft and hard skills is essential.
But at the same time, employers need to be willing to invest in their staff, otherwise they may face a number of barriers to successful career development. Without this, it’s impossible for baristas to grow in their job roles – and the wider industry loses out.
Looking for new positions in the coffee industry? Check out PDG Jobs here.
Photo credits: Tanya Nanetti
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Zoe is an expert content marketer based out of the Pacific Northwest. She has a deep-rooted passion for all things coffee with over five years of coffee copywriting and barista experience.
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The prosecution has rested after 6 ½ weeks of testimony in Sean “Diddy” Combs’ sex-trafficking and racketeering trial.
A federal jury in Manhattan has heard R&B singer Cassie Ventura — Combs’ ex-girlfriend and the catalyst for his public downfall — tearfully testify about the humiliating “freak offs” she says she endured throughout their 11-year relationship.
A second sex-assault accuser, who testified as “Mia,” described four times she says Combs attacked her, and a third accuser. The third accuser, “Jane,” testified about the alleged violence underlying what prosecutors say were her three years as Combs’ sex-trafficking victim.
Along the way, there have been numerous celebrity mentions, including pop icon Britney Spears, actor Michael B. Jordan, rapper Kid Cudi, and late music legend Prince.
Combs was arrested in September on charges of racketeering conspiracy, sex trafficking, and transportation to engage in prostitution — the culmination of months of lawsuits and public accusations of sexual assault and other misconduct.
The music tycoon is arguing through his defense team that all sexual encounters were consensual, including the alleged drug-fueled freak offs at the trial’s center — and that any violence fell short of sex trafficking.
Here are some of the most striking moments from the trial so far.
Ye, the rapper formerly known as Kanye West, has been given special access to attend his pal Combs’ trial.
The “Jesus Walks” rapper has been added to Combs’ friends and family trial guest list, according to two sources with knowledge of the document.
Ye showed up to court to support Combs during the trial’s fifth week, but was denied entry to the Manhattan courtroom.
“He did not wait in line like everybody else from the public,” a court source previously told BI. “No one gets special treatment.”
Ye was instead seated in an overflow room on the courthouse’s 23rd floor — three floors below where Combs’ trial is unfolding — and left after listening to about half an hour of testimony.
It’s not clear whether Ye will be back to support Combs at his trial, but if he does, he will have a seat available alongside Combs’ family members in the courtroom.
In May 2024, shortly after CNN aired hotel surveillance video showing Combs dragging Ventura down a hallway and beating her, the rapper posted an apology on Instagram.
On video, Combs told his followers that his behavior that day was “inexcusable” — and that he began therapy soon after the 2016 hotel incident.
“I take full responsibility for my actions in that video. I’m disgusted. I was disgusted then when I did it. I’m disgusted now,” he said in his Instagram video.
On June 9, however, Combs’ ex testified that exactly one month after he posted that apology, he abused her, leaving her face covered in bruises.
After the abuse, she said, Combs leaned close to her and asked her: “Is this coercion?”
The woman, who testified under the pseudonym “Jane,” said he then demanded she put on makeup, pop an ecstasy pill, and have sex with a male escort.
“Take this fucking pill. You’re not going to ruin my fucking night,” Jane said Combs demanded as she screamed, “I don’t want to! I don’t want to!”
Prosecutors say Combs sex trafficked Ventura and Jane by means of false promises, violence, and coercion.
Jane’s and other trial witnesses’ testimony contradicts the story she says Combs told people close to him after the CNN video was released.
Jane testified that when the news broke, Combs “huddled” with his team and his family.
“He said that that was the only time that they had physical violence like that,” Jane said of the abuse between Combs and Ventura. “He said that she was a hitter and she would hit.
At trial, the jury has heard testimony from multiple witnesses describing more than a dozen times they said Combs physically abused Ventura between 2008 and 2018.
A former security guard described Combs personally pulling $100,000 out of a paper bag and counting it, painting an image that’s both surprising and legally significant.
The guard said Combs hoped the cash — prosecutors call it a bribe — would bury forever a 15-minute video showing him beating Ventura in the hallway of the InterContinental Hotel in Los Angeles in March, 2016.
Combs fed “stacks of $10,000 at a time” into a money-counting machine, then stuffed it back in the paper bag, according to the ex-guard, Eddy Garcia.
The ex-guard said Combs then handed him the bag as payment for a USB thumb drive containing what both men believed was the only copy of the incriminating footage.
“Eddy, my angel,” the guard said Combs called him after the transaction.
“Something like this would ruin him,” he said Combs told him.
Eight years later, a surviving copy of the video was first made public by CNN. Now, it’s the single most important piece of evidence in the trial, both sides say.
Prosecutors say the video shows Combs in the very act of sex-trafficking Ventura, meaning coercing her through physical force into engaging in sex at the hotel with a male sex worker known only as “Jewels.”
The first charge in Combs’ indictment accused him of racketeering, a charge that requires proof of at least two underlying crimes. Prosecutors may argue that the video alone is proof of three underlying crimes: sex trafficking, bribery, and obstruction of justice.
Prosecutors hope the video will also clinch the second charge in Combs’ indictment, which accuses him of sex trafficking Ventura. Both racketeering and sex trafficking carry maximum sentences of life in prison.
One of Combs’ former personal assistants testified under the pseudonym “Mia,” telling jurors he sexually attacked her four times between 2009 and 2017, when she was in her mid-20s and early 30s.

She said that two of the attacks were at the sprawling glass and concrete mansion he rented in Beverly Hills, including a rape in the staff bedroom. She described waking to feeling Combs on top of her. “Be quiet,” she said he told her.
“I knew his power and I knew his control over me,” she told the jury, her voice hushed and halting.
“And I didn’t want to lose everything that I worked so hard for — or this, like, this world that was the only thing I had anymore.”
Combs once attacked Ventura during a party thrown by music icon Prince, the former personal assistant also testified.
The ex-PA, who used the pseudonym “Mia,” told the jury she and Ventura had snuck out to Prince’s Los Angeles home after learning he would be performing for a small gathering — a “once-in-a-lifetime” experience, as Ventura described it on the stand.
Prince did not disappoint. Mia said that as he played music, they danced atop his backyard pool, which was backlit and covered in purple plexiglas.
Then Combs showed up, she said.
“I saw his bucket hat come through the entrance and then made eye contact with him,” Mia said of Combs. “Me and Cass just booked it.”
They ran through Prince’s house and into the woods out front, where “Puff caught Cass,” and started beating her, Mia said, until Prince’s security intervened.
Later that night, Ventura testified that Combs continued to beat her back at her hotel, leaving her with “bruising on my face, knots on my head.”
Capricorn Clark, another former personal assistant and one who became one of his top marketing executives, kicked off week three of the trial by telling jurors that he once kidnapped her at gunpoint.
It was December 2011, after Combs learned of rapper Kid Cudi’s brief relationship with Ventura, Clark testified on May 27.
Combs was “furious” with Clark for keeping him in the dark about Ventura’s romance with the “Pursuit of Happiness” rapper, she said.
Clark told the jury that Combs, armed with a gun, went to her house in a rage and banged on the door.
“He just said, ‘Get dressed, we’re going to go kill'” him, Clark testified that Combs told her, using the N-word to refer to Kid Cudi.
Combs then took Clark to Kid Cudi’s Los Angeles home, she told the jury, describing it as being “kidnapped.”
“The way he was acting, I just felt like anything could happen,” a tearful Clark testified.
In the first week of trial testimony, Ventura told jurors that starting in late 2008, she was coerced by Combs into a decade’s worth of near-weekly “freak offs” — dayslong sex performances, usually at luxury hotels, involving male escorts, Glade candles, and numerous bottles of baby oil.
Clark told jurors that in the years she was Combs personal assistant, from 2004 until 2006, she would set up and clean up the hotel rooms where Combs took another longterm girlfriend, model Kim Porter, the mother of four of Combs’ children.
During those years, Combs and Porter would stay for days at luxury hotels in Atlanta, Los Angeles, and New York. Clark said, as a personal assistant, she made sure Combs’ suite was stocked with ecstasy, baby oil, and pricey Diptyque candles.
Cleanup was tricky, Clark told jurors, who mentioned “handprints left in oil on the, like, ultra-suede wall” as a particular problem. “It was just a lot of baby oil. It was just everywhere.”
These were not “freak offs,” Porter’s former family attorney, Suzanne Kimberly Bracker, told Business Insider.
“He was madly in love with Kim,” said Bracker, who helped negotiate Combs’ child support settlement and who said that Porter had two children with Combs at the time.
“There is absolutely no way that he would share her with another man,” she said. “He would tell her ‘I’m not gonna pay for an apartment with my kids in one room while you’re with another guy in the other bedroom.'”
Kid Cudi took the witness stand in Combs’ trial on May 22, telling jurors that in December 2011, the music tycoon broke into his Hollywood Hills home, enraged after finding out about the rival rapper’s short-lived romance with Ventura.
Kid Cudi, given name Scott Mescudi, told the jury that he returned home after the break-in to find the Christmas gifts he’d planned to give his family unwrapped and opened. His dog, he said, had been shut in the bathroom.
“Motherfucker, you in my house?” Mescudi recalled telling Combs over the phone as he raced home to confront him.
Combs was gone by the time he arrived, Mescudi said.
Mescudi also told the jury that some two weeks later, his Porsche was firebombed while in his driveway.
The Porsche “arson” is a specific element in the racketeering charges against Combs. Prosecutors alleged in court papers that Combs ordered his underlings to torch a vehicle “by slicing open the car’s convertible top and dropping a Molotov cocktail inside the interior.”
Regina Ventura corroborated her daughter’s testimony, telling jurors she witnessed the aftermath of two of Combs’ violent, jealous rages over romantic rivals.
The first was in 2011. The mom said Cassie Ventura came home to Connecticut for the Christmas holidays with a large bruise on her back.
Cassie Ventura had told jurors the week before that the bruise was from being kicked to the ground by Combs during a fight over Mescudi.
Regina Ventura also confirmed a 2016 incident from shortly before the younger Ventura’s 30th birthday. Combs had swiped her cellphone, Cassie Ventura testified, after learning about her affair with an unnamed professional NFL player.
When she returned to her Los Angeles apartment without her phone, her mother, who was visiting, called the police and confronted Combs outside the building as her daughter remained upstairs, the elder Ventura testified.
“I was yelling and screaming and trying to hit him,” the mom told jurors. “He did give it back,” she told jurors of the missing phone.
A former Combs personal assistant described watching — and doing nothing — as his boss brutally attacked a cowering Ventura in the bedroom of the rapper’s private jet.
George Kaplan, 34, said the attack happened on a crowded flight to Las Vegas in the latter half of 2015. Kaplan said he heard the sound of screams and shattering glass coming from the jet’s bedroom.
He said he turned to see Combs standing over Ventura with a “whiskey rock glass” in his hand, as she cowered on the bed.
“After the glass crashed, Ventura screamed, ‘Isn’t anybody seeing this?'” Kaplan told the jury.
“Did you look away?” asked a federal prosecutor, Assistant US Attorney Maurene Comey. Kaplan said he did.
“And after you looked away, what did you hear?” the prosecutor asked.
“Further glass crashing and chaos.”
When the prosecutor asked what, if anything, the Combs security staff did in response, Kaplan answered, “Nothing.”
No one, he said, went back to check on Ventura after Combs left the bedroom to rejoin his employees.
“I was 23 years old,” Kaplan said in explanation of his own inaction. “All I wanted to do was have a great job in the entertainment industry.”
Ultimately, he told the jury, this and similar domestic violence incidents drove him to quit.
Combs’ former personal assistant spent two days on the witness stand, and in his most dramatic testimony, described how a 2008 run for cheeseburgers at an all-night diner nearly escalated the East Coast-West Coast rap wars.
It started at 4 a.m. in the parking lot at Mel’s Drive-In in Los Angeles, the ex-assistant, David James, testified.
Combs’ trusted security guard, Damian “D-Roc” Butler, noticed that Suge Knight, cofounder of rival recording studio Death Row Records, was sitting in an Escalade just a few parking spots away.
James, Combs’ personal assistant from 2007 to 2009, testified that he was at the wheel of Combs’ silver Lincoln Navigator when Knight and D-Roc faced off.
“What are you doing in my city?” James, according to his testimony, remembered hearing Knight asking Combs’ security guard, who had introduced himself as “D-Roc, Biggie’s boy,” a reference to the rapper Notorious B.I.G.
Within moments, James and the bodyguard saw someone pass a gun to Knight and watched as four SUVs pulled up into different corners of the parking lot, he told jurors.
James testified that he was ordered by D-Roc to speed back to Combs’ Hollywood Hills estate. There was no mention of whether they drove back with or without the cheeseburgers.
Once back home, and as Ventura protested in tears, Combs grabbed three guns for the ten-minute drive with D-Roc back to Mel’s, testified James, who said he was still the driver.
Knight was nowhere to be found upon their return, James said.
“It was the first time I realized my life was in danger,” the former PA testified, telling jurors that he sent in his resignation soon after.
Danity Kane singer Dawn Richard was the fifth prosecution witness, and her testimony on May 16 alleged that in 2009, Combs brutally beat Ventura after she took too long to cook him dinner.
“Where’s my fucking egg?” Richard recounted to the jury Combs shouting in 2009, as he stormed into the kitchen of his rented Los Angeles mansion.
“He took the skillet with the eggs in it and tried to hit her in the head, and she fell to the ground,” Richard testified.
Ventura cowered on the floor “in a fetal position” as Combs punched her and kicked her, she testified. Then he dragged her upstairs by her hair, she said, adding that she then heard the sound of screaming and breaking glass from the third floor.
The next day, Combs called Ventura and Richard into the mansion’s first-floor recording studio, she said.
“He said that what we saw was passion, and it was what lovers in a relationship do,” Richard said.
She said Combs told the two women that “he was trying to take us to the top, and that, where he comes from, people go missing if they say things like that, like, if people talk. And then he gave us flowers.”
While back on the stand on May 19, Richard re-emphasized that she felt this was a threat to her life.
The details in the testimony came as a surprise to Combs’ lead defense attorney Marc Agnifilo, who called it prejudicial and “just a drop dead lie.”
“It didn’t happen,” the lawyer complained to the judge. “And the reason we know it didn’t happen is that Ms. Ventura didn’t talk about it” during her four days on the witness stand.
On cross-examination on May 19, Richard agreed that she only recalled the alleged death threat in speaking with prosecutors earlier this month. It had gone unmentioned, she agreed, during a half-dozen prior interviews with prosecutors.
Ventura was beaten by Combs for the most minor of perceived infractions, including taking too long in the bathroom, prosecutor Emily Johnson said in her opening statement.
“He beat her when she didn’t answer the phone when he called. He beat her when she left a freak off without his permission,” Johnson said.
Ventura’s ex-best friend, Kerry Morgan, was called to the witness stand on May 19 and told jurors about two attacks on Ventura she witnessed, including one while on vacation in Jamaica in 2013.
Morgan said Ventura at one point went to the bathroom at the residence where they were staying, and Combs said, “She’s taking too long.”
“A few minutes later, I heard her screaming — like guttural. Terrifying,” Morgan said. “He was dragging her by her hair on the floor.”
Morgan told jurors that she saw Combs push Ventura to the ground, causing her to hit her head on the paving bricks.
“She didn’t move. She fell on her side,” Morgan said, adding, “I thought she was knocked out.”
Ventura, too, had testified that arguments with Combs would regularly result in physical abuse.
Ventura —who dated Combs on and off from 2007 to 2018 — described six separate times when Combs’ attacks left her with injuries, with the most severe beating occurring in Los Angeles in 2009 following a party Combs had hosted at a club called Ace of Diamonds.
Ventura said she punched Combs in the face after he called her a “slut or a bitch” for talking to a record producer. Combs retaliated in the back seat of a chauffeured luxury vehicle by punching and kicking Ventura throughout a ten-minute ride to the rapper’s rented mansion, she said.
She said she hid under the back seat to escape the attack. Combs demanded she stay hidden in a hotel for a week so her bruises could heal, she said.
The prosecution’s fourth witness took the witness stand briefly on May 16 to detail what she and other Homeland Security investigators say they found inside Combs’ suite at Manhattan’s Park Hyatt New York after his September arrest.
Combs had checked into the luxury Midtown hotel, his lawyers have said, in case federal prosecutors in Manhattan had asked him to surrender voluntarily.
Special Agent Yasin Binda told the Combs jury she photographed what her colleagues found inside the room.
Those items included a clear plastic bag of baby oil bottles found inside a duffle bag. There were three more bottles of baby oil in his bathtub, alongside two bottles of personal lubricant.
Two more bottles of lubricant were recovered from a nightstand drawer, next to a prescription pill bottle she said held two small baggies containing a pink powder.
On the living room floor was a large blue party light of the kind Ventura testified were used to illuminate freak offs.
Similar bags of pink powder have previously been seized from Combs and tested positive for ecstasy and other drugs, a prosecutor had said in court the day after Combs was arrested.
In some of her final moments on the witness stand, Ventura was asked by the defense about a legal settlement that she said she is on the verge of receiving from the InterContinental Hotel in Century City, Los Angeles.
“I think it was $10 million,” Ventura said of the settlement, hesitating when asked for the total amount agreed to.
The InterContinental is where security cameras captured Combs beating Ventura in a hallway in 2016, as she tried to flee what prosecutors say was one of Combs’ freak offs.
The jury was shown the infamous footage at the beginning of the trial.
Johnson, the prosecutor, said in her opening statements that at the time of the attack, Combs paid a security guard at the hotel $100,000 in a brown paper envelope in exchange for the footage.
Combs apologized for his actions in the video after CNN published the footage last year.
It was the second big-money settlement revealed in Ventura’s testimony.
Earlier in her testimony, Ventura told jurors that Combs paid her $20 million to settle her civil suit against him in 2023.
Pop icon Britney Spears and actor Michael B. Jordan were both name-dropped on May 15, on Ventura’s third day of testimony.
During a cross-examination, Ventura was asked to tell the jury about the 21st birthday party Combs threw for her in 2007, at a club in Las Vegas.
The party was a significant moment in the Combs-Ventura story. Ventura testified that Combs, who recently signed her to his record label, gave her an uninvited kiss in a bathroom, sparking their relationship.
“I believe there were other celebrities there in attendance?” defense attorney Anna Estevao asked Ventura, who answered yes, there were.
“Sean was there, and he brought Dallas Austin, he brought Britney Spears,” Ventura said, referring to the “Oops!… I Did It Again” singer and the record producer. “I think those were the two people that stand out to me,” Ventura added.
Asked how a 21-year-old of limited fame was able to attract such big names to her party, Ventura credited Combs, saying, “That was all him.”
Jordan’s name came up as the cross-examination focused on 2015, when Combs became suspicious that she was having an affair with the actor.
“Is Michael B. Jordan a celebrity?” Estevao asked.
“I would say so,” Ventura answered, sounding surprised.
Ventura testified on May 13 that she was initially nervous, but felt a sense of responsibility to participate in Combs’ freak offs.
“I was just in love and wanted to make him happy,” Ventura told the jury.
Ventura testified that in 2007, Combs first proposed “this sexual encounter that he called voyeurism, where he would watch me have a sexual encounter with a third man, specifically another man.”
“I didn’t want to upset him if I said it scared me or if I said anything aside from, ‘OK, let’s try it,'” she said.
Johnson said in her opening statements that Combs eventually made it Ventura’s job to find and book escorts to participate in the sex encounters.
While on the stand, Ventura described in detail what went on during freak offs. Prosecutors say Combs arranged, directed, and often electronically recorded the sex performances.
Ventura testified that Combs would urinate and ask escorts to urinate on her during the freak offs.
“It was disgusting. It was too much. It was overwhelming,” she said. “I choked.”

If you are a survivor of sexual assault, you can call the National Sexual Assault Hotline (1-800-656-4673) or visit its website to receive confidential support.
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Stock Market today | Share Market Highlights – Find here all the highlights related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 25 June 2025 
Rupee closes slightly lower at 86.07 against the US dollar amid positive domestic equity markets and global risk sentiments.
Balaji Amines received consent to operate the manufacture of ISOPROPYLAMINE (MIPA/ DIPA). Trial runs will be started and commencement of Commercial Production will take effect shortly.
GACM Technologies acquires 30% stake in WEXL Edu, an AI-driven EdTech company, aiming to revolutionize educational experiences in India.
Ellenbarrie Industrial Gases Ltd's IPO receives tepid response, with retail investors showing strongest participation, closing on June 26.
Today, the Indian stock market closed with notable gains, reflecting positive investor sentiment driven by easing geopolitical tensions and encouraging global cues.
The Sensex ended the day up by approximately 700 points (around 0.85%), closing near 82,700 levels, while the Nifty 50 rose by about 0.8%, settling above 25,240. 
Market breadth was strong, with nearly 2,000 shares advancing against around 600 decliners, indicating broad-based buying interest. 
The upside momentum was primarily fueled by gains in key sectors such as IT, auto, and FMCG. Major contributors included Titan Company, Infosys, Tech Mahindra, and Bharti Airtel, with Bharti Airtel hitting a 52-week high during the session. 
Investor confidence was bolstered by a tentative ceasefire between Israel and Iran, which eased concerns over Middle East tensions and contributed to a drop in crude oil prices.
The Index gradually compounded its gains after a strong start and eventually closed higher at 25,244.75, registering gains of 200.40 points. All the sectors ended the day in positive territory, with Media and IT being the top performers. There was disparity in the broader markets where Midcaps lagged the Frontline Index while Smallcaps advanced by 1.49% and outperformed. Finally, the Index has given a decisive close above the 25,100 mark, which is now expected to act as immediate support. With the current momentum, the Index appears to move towards the 25,350–25,450 zone in the near term.
Wheels India board approved the acquisition of 7,64,533 equity shares of Axles India from Forge 2000 Private Limited at a total considération of ₹22.68 Crore. The proposed transaction is likely to be completed before August 31, 2025.
Snowman Logistics Limited, India’s leading provider of integrated temperature-controlled logistics services, is pleased to announce the completion of construction of and commencement of operations of its 2 owned new state-of-the-art temperature-controlled warehouses in Kolkata and Krishnapatnam. The Kolkata facility has a capacity of 5,630 pallets, and the Krishnapatnam facility has a capacity of 3,927 pallets, bringing the total capacity of the company to 1,50,754 pallets, spread across 43 warehouses in 20 cities. In addition, the Company operates 296 owned and 325+ leased refrigerated vehicles pan India.
These new facilities are equipped with cutting-edge technology incorporating automation to increase operational efficiency, and will cater to a wide range of industries, including seafood, ice cream, dairy products, ready-to-eat meals, quick service restaurant (QSR) items, confectionery, bakery products, fruits and vegetables, and pharmaceuticals.
Commenting on this milestone, Mr. Prem Kishan Dass Gupta, Chairman, Snowman Logistics Limited, stated, “The completion of our Kolkata and Krishnapatnam facility marks another significant step in our mission to provide best-in-class cold chain solutions. We are very confident that the requirement for cold chain will grow exponentially in the country, and we will continue to expand our network.”
HDB Financial Services Limited’s initial public offering opened to a lukewarm response on its first day, with the issue receiving subscriptions worth only 0.27 times the total offer as of 2.51 pm today.
Sambhv Steel Tubes Limited’s ₹540 crore initial public offering received a lukewarm response on its opening day, garnering overall subscription of 0.46 times.
HDB Financial Services IPO GMP Live Updates: The ₹12,500 crore IPO of HDFC Bank’s subsidiary, HDB Financial Services, opens for public subscription. Price band, issue size The price band is fixed at ₹700-₹740 per share. At the upper end of the price band, the company is valued at ₹61,400 crore. The IPO is a combination of a fresh issue of equity shares worth Rs 2,500 crore and an Offer For Sale (OFS) of ₹10,000 crore by promoter HDFC Bank. At present, HDFC Bank holds a 94.36% stake in HDB Financial Services, a non-banking financial company (NBFC) arm of the bank. Use of funds The company proposes to utilise the proceeds from the fresh issue to strengthen its Tier-I capital base. This will support future capital needs, including additional lending, to support business growth. After the proposed IPO, HDB Financial Services will continue to be a subsidiary of the bank. Listing date The shares are expected to debut on the BSE and NSE on July 2, 2025.
CareEdge Global IFSC Limited has entered a Memorandum of Understanding (MoU) with Invest India. This strategic partnership will facilitate mutual participation in key domestic and international strategic discussions – with this collaboration, CareEdge Global and Invest India will jointly foster innovation and capacity-building to support India’s growing investment landscape.
Top gainers on the NSE as at 3.04 pm:
Titan (+3.55%), Infosys (+2.34%), M&M (+1.96%), Grasim (+1.78%), JSW Steel (+1.76%)
Top losers:
BEL (-2.77%), Kotak (-1.13%), Eicher Motors (-0.96%), ONGC (-0.79%), Axis Bank (-0.52%)
Stocks advanced on BSE at 3 pm on June 25, 2025, were 2,773 against 1,205 stocks that declined, and 152 remained unchanged. Total stocks traded were 4,130. The number of stocks that recorded a 52-week high was 101, and those that hit a 52-week low was 40. A total of 272 stocks traded in the upper circuit, and 203 in the lower circuit.
Aluminium futures trading at ₹245.50/kg, showing bullish bias with potential to reach ₹256, supported at ₹245 and ₹242.
Backed by leading investors from the investment and tech sectors, IndiaBonds will continue to scale its digital platform and make fixed income investing mainstream in India
Mumbai, Wednesday, June 25, 2025 — IndiaBonds.com, a SEBI-registered Online Bond Platform Provider (OBPP) and one of India’s fastest-growing fintechs in the fixed income space, has successfully raised ₹32.5 crore ($3.77 million) in its first external funding round.
This milestone marks a significant step forward for the company, which has been entirely bootstrapped for over four years – driven solely by the personal capital of its founders, Aditi Mittal and Vishal Goenka. 
The round was led by a curated group of marquee individual investors from the investment and technology sectors, many of whom bring deep experience and strategic insight in scaling financial and digital platforms.
Vishal Goenka, Co-Founder of IndiaBonds, said, “We have raised a friends and associates round from a very select set of individuals who are not just contributing capital but will be particularly important in terms of advice and guidance for our scale-up stage. Our investors are leaders in the investment and technology industry who are excited to see our current stage and the vast untapped potential that lies in democratisation of the bond markets in India. This round allows us to continue on a high growth trajectory, and we are only likely to look at institutional funding from sometime next year.”
He added, “We would also like to take this opportunity to thank our clients and teams who have been instrumental in building for our vision of a Bond in Every Hand!”
IndiaBonds offers a seamless digital platform for retail and institutional investors to discover, assess, and invest in a range of fixed income products—including corporate bonds, government securities, and digital fixed deposits—helping make bond investing accessible, transparent, and efficient.
“We believe HDB Financial Services Ltd IPO brings investors an opportunity to invest in one of India’s leading and fastest-growing diversified NBFCs, with a well-balanced loan portfolio across Enterprise Lending, Asset Finance, and Consumer Finance. We think as it is backed by the brand strength and operational discipline of its promoter, HDFC Bank, HDB has demonstrated consistent growth, strong underwriting capabilities, and resilient asset quality—evidenced by its low GNPA and NNPA ratios. We also think with over 19 million customers, a granular loan book, and a robust phygital distribution network of 1,771 branches and 140,000+ retail touchpoints, the company is well-positioned to capture underpenetrated credit demand, particularly among “new to credit” borrowers. By looking at the financials, the company has demonstrated a revenue growth of 14.3% in FY2024 and 15% in FY2025, with net profit rising by 25.6% in FY2024, though witnessing a modest decline of 11.6% in FY2025, mainly on account of two- fold increase in provision. On valuation parse at the upper price band of Rs.740/-, the issue is asking a market cap of Rs.61388 cr. Based on FY 2025 earnings and fully diluted post-IPO paid up capital, the company is asking for Price to book ratio (P/B) of 3.5x which seems fairly valued looking at its industry average ~3.5-4x. Given its strong parentage, proven execution across cycles, diversified loan mix, and digital-first approach, we believe HDB Financial Services is well positioned to benefit from India’s ongoing financial inclusion and expanding retail credit demand. Hence, looking at all attributes we recommend investors to “SUBSCRIBE” the HDB Financial Services Ltd IPO for long-term perspective. “
EPACK Group, a listed company and rapidly growing Indian conglomerate (India’s No. 1 AC Manufacturer) with diversified operations across consumer durables, prefabricated construction, EPS-based packaging solutions, and petrochemicals, has announced the appointment of Mr. Narayan Lodha as its Executive Director and Group Chief Financial Officer
With over 25 years of leadership experience, qualified Chartered Accountant and Company Secretary, Mr. Lodha is a seasoned finance professional known for his deep expertise in corporate finance, capital markets and strategic planning.
Mumbai, 25 June 2025: Leading financial services powerhouse Equirus Group has appointed Vimal Chauhan as its new Chief Financial Officer (CFO). A Chartered Accountant with over 17 years of experience across finance leadership, strategy, and financial planning, Vimal has held senior roles at Home First Finance, VKL group, PricewaterhouseCoopers, and Staples India, among others.
In his new role, Vimal will oversee Finance, Treasury, Accounts, Secretarial, Legal, Risk, and Control functions across the Equirus Group which comprises businesses with leading positions in investment banking, institutional equities, wealth management and insurance broking amongst others.
“We are glad to have Vimal join us as CFO for the Equirus Group overseeing Finance, Treasury, Accounts, Secretarial, Legal, Risk and control. His appointment is part of our strategy to strengthen our leadership team as Equirus 2 evolves to ensure we continue to Champion the India investment case to play our small role in powering our nation’s march to a Viksit Bharat,” said Ajit Deshmukh, Vice Chairman & Managing Director, Equirus Group.
With a sharpened leadership team, Equirus is poised to further its mission of delivering innovation-led, client-first financial solutions. The recent appointments mark another important step in building a future-ready organization that can accelerate India’s growth story and empower entrepreneurs and investors alike.
Gujarat-based Sudeep Pharma, a technology led manufacturer of excipients and specialty ingredients for the pharmaceutical, food and nutrition industries, has filed its draft red herring prospectus (DRHP) with capital market regulator Securities and Exchange Board of India (SEBI) to mop up funds through an initial public offering (IPO). 
The IPO, with a face value of ₹1 each, combines fresh issuance of Rs 95 crore with an offer for sale of up to 1,00,76,492 equity shares by the Promoter Selling Shareholder.
The offer for sale consists of up to 35,67,670 equity shares by Sujit Jaysukh Bhayani, up to 5004622 equity shares by Sujeet Jaysukh Bhayani HUF, up to 7,50,000 equity shares by Shanil Sujit Bhayani, and up to 7,54,200 equity shares by Avani Sujit Bhayani.
The company, in consultation with the book-running lead managers, may consider an issue of specified securities, aggregating to Rs 19 crores as pre-IPO placement shall not exceed 20% of the size of the fresh issue. If such placement is completed, the fresh issue size will be reduced. 
The offer is being made through the book-building process, wherein not more than 50% of the offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the offer shall be available for allocation to non-institutional bidders, and not less than 35% of the offer shall be available for allocation to retail individual bidders.
The proceeds from its fresh issuance to the extent of Rs 75.81 crore for capital expenditure towards procurement of machinery for its production line located at Nandesari Facility I; and general corporate purposes.
New Delhi, June 25, 2025 – DEE Development Engineers Limited (BSE: 544198 | NSE: DEEDEV), a leading engineering solutions provider specializing in high-precision process piping systems, has secured a major international order valued at approximately USD 10 million. The order pertains to the fabrication and export of critical piping spools with complete material responsibility, marking another significant milestone in the company’s global growth trajectory.
Awarded by a prominent international entity, the contract scope includes fabrication of piping spools along with Non-Destructive Testing (NDT), Post Weld Heat Treatment (PWHT), blasting & painting, and export-ready packaging and transport up to the FOB port. The order is slated for completion by February 28, 2026.
Commenting on the win, Mr. Krishan Lalit Bansal, Chairman & Managing Director, DEE Development Engineers Limited, said, “This order is a testament to DEE’s continuous efforts in delivering complex piping solutions that meet global standards. We expect to supply best-in-class capabilities in engineered fabrication and process expertise to our client.”
Globe Civil Projects IPO has been subscribed 12.52 times as at 2.36 pm on June 25.
QIBs: 8.11 times
NIIs: 16.16 times
Retail: 13.49 times
Wonder Electricals informed that the 640-kilowatt solar power plant is installed at Khasra No. 105-106, Raipur Industrial Area, Bhagwanpur, Roorkee, Uttarakhand — commercial operations within the next fifteen days. 
Shares traded at ₹161.55 on the NSE, down 1.45%.
Thomas Cook India Launches WhatsApp Calling Feature for Forex Queries, Offering Voice Support to its pre-paid card customers
Stock soared 4.36% on the NSE to ₹163.70.
Jindal Stainless Ltd has informed the Exchange regarding appointment of Tarun Kumar Khulbe, CEO & Whole-time Director as also the Chief Financial Officer of the Company w.e.f. Jun 25, 2025.
Company’s board has also approved PT Glory Metal Indonesia as subsidiary (step-down) of the Company.
Perspective on Markets by Mr. Jaykrishna Gandhi, Head Business Development – Institutional Equities at Emkay Global Financial Services. 
“Equity indices and futures are now higher vs when the Israel attacks on Iran started, and the comments on “Ceasefire” have only ignited aggressive bids for risk assets here. In line with the same we have also seen rapid momentum in the Indian markets, with Nifty above 25,250 for the first time since October 2024.
Nasdaq too closed at all time high yesterday (closing basis), and SPX is just 60/70bps shy of its own ATH levels. Ceasefire (despite being a fragile one) seems to be working so far, and Trump also acknowledged China’s buying of IRAN oil adding that China could continue to buy, adding that he hopes that they will purchase plenty from US also.
Meanwhile, on data front, Conference Board’s Consumer Confidence Index tumbled to 93.0 (vs upwardly revised 98.4) in June, with the present situation tumbling to the WEAKEST level since Sept 2024. OIL continued to tumble, now below $68/bbl. retracing almost all the gains it saw post the Israel’s attacks.
We remain constructive on Indian markets on the back of RBI’s monetary easing and earnings recovery in 2HFY25. Valuation comfort has eroded, although prospects of an earnings recovery keep us positive on overall markets. Indian IT has rallied hard off late (outperforming the broader indices) on the expectations of US rate cuts in the H2 and resilient economy (recession odds slipping back below 30% from 65% in April). But the valuations and tepid earning growth DO NOT offer much of upside from here on – while I would be looking for SHORTS again in IT, would be better to wait on the sideline for now.
A decisive sustainable move above 25250, will lead to market witnessing the previous highs above 26K however 25460 may act as a near term resistance. Continue with our stance that alpha to be generated in the mid and small cap names rather than just in the Index.”
Adani Total Gas Limited and Jio-bp Partner to Enhance Quality Fuel Offerings
ATGL shares up 1.24% on the NSE to ₹639.70
Exicom Tele-Systems board approved raising of funds through rights issue for an aggregate amount not exceeding ₹260 crore. 
Stock jumped 6.39% on the NSE to ₹193.60
Narayana Hrudayalaya is in receipt of Observation Letter from National Stock Exchange of India Limited in relation to the proposed Scheme of Arrangement between Meridian Medical Research & Hospital Ltd (subsidiary company) and Narayana Hrudayalaya.
The latter rose 1.29% on the NSE to ₹2,014.80
Waaree Energies Ltd Limited shares are trading at ₹2,952.10 on Wednesday, down 0.64 per cent from the previous close of ₹2,971.20, despite witnessing significant trading activity with volumes reaching 37.23 lakh shares worth ₹1,129.35 crore.
Top gainers losers today: Among Nifty 50, shares of Titan, Infosys, Tata Consumer Products, Tech Mahindra and Eternal led the gainers, while Bharat Electronics, Kotak Mahindra, Axis Bank, Eicher Motors and ICICI Bank dragged.
Markets rise on easing West Asia tensions, led by consumer goods and tech stocks; Nifty holds above 25,000 support level.
DBS Bank announced the completion of Aseem Infrastructure Finance Limited’s (AIFL) first External Commercial Borrowing (ECB) and green loan of USD80 million. AIFL is an RBI registered NBFC – IFC (Non-Banking Finance Company – Infrastructure Finance Company), backed by NIIF (sovereign‑linked alternative asset manager anchored by the Government of India), that provides focused and customised financial solutions to the infrastructure sector, including funding the development of clean energy projects. DBS Bank Ltd. led the transaction as the sole mandated lead arranger through its IFSC Banking Unit (IBU) in GIFT City.
Kalpataru, a real estate developer in MMR, focuses on premium properties, but faces financial challenges despite strong customer confidence.
Transcorp International informed that Reserve Bank of India (RBI) under the provisions of section 11 (3) of the Foreign Exchange Management Act, 1999, imposed an aggregate penalty of ₹15.30 lakh
Shubhanshu Shukla becomes the first Indian astronaut to reach the ISS, lifting off aboard Axiom Mission 4 with crew members from Poland and Hungary.
Ather Energy announced the third edition of its flagship community event, Ather Community Day, will be held towards the end of August 2025. The theme for the same this year will be “Technology that works like magic,” and Ather will be showcasing its new scooter platform, EL, and concept vehicles at Community Day 2025. This year’s Community Day will also see the launch of Ather’s next-generation fast chargers, and an upgraded version of its software stack, Ather Stack 7.0. 
Shares zoomed 5.50% on the NSE to ₹337.65.
Uravi Defence & Technology has planned to acquire 100% equity stake in SPAFAX International Ltd, a reputed UK based company through its holding company known for its high-performance Automotive Defence solutions. The proposed investment has been executed through Bharat Technology Ltd, a wholly owned subsidiary of Uravi Defence & Technology Ltd. Looking ahead, Uravi intends to gradually increase its ownership in SPAFAX through a phased acquisition strategy. The plan involves acquiring majority stake in 2026 and execute acquisition spread in multiple tranches.
Uravi Defence stock traded flat at ₹505.50 on the NSE.
Lupin Receives Approval from U.S. FDA for Prucalopride Tablets
Shares flat on the NSE at ₹1,926.20.
IRCTC ₹766.35
RVNL ₹398.60
Titagarh Rail ₹919.05
Jupiter Wagons ₹382.15
Container Corporation ₹747.65
IRFC ₹139.75
Bajaj Finserv AMC announces the launch of Bajaj Finserv Small Cap Fund, an open-ended equity scheme predominantly investing in small cap stocks, that offers quality, growth and value. The fund opens for subscription on June 27, 2025, and closes on July 11, 2025
Stocks advanced on BSE at 12 noon on June 25, 2025, were 2,703 against 1,055 stocks that declined, and 180 remained unchanged. Total stocks traded were 3,938. The number of stocks that recorded a 52-week high was 83, and those that hit a 52-week low was 36. A total of 213 stocks traded in the upper circuit, and 160 in the lower circuit.
Gravita India Limited (Gravita): We initiate coverage on Gravita India Ltd (GRAV) with a BUY rating and a target price of ₹2,406, implying an ~39% upside from current levels. GRAV’s diversified presence across recycling verticals, coupled with regulatory tailwinds and strong execution, makes it a compelling play on India’s transition toward a formal, sustainable waste management ecosystem. Regulatory tailwinds—such as Extended Producer Responsibility (EPR) norms on used batteries, disposable plastics, and tyres, along with the implementation of the Reverse Charge Mechanism (RCM) under Goods & Services Tax (GST)—are expected to accelerate the formalization of India’s recycling industry. GRAV is well-positioned to capitalize on this shift, given its established competitive advantages: 1. Extensive sourcing capabilities across five continents, 2. Wide manufacturing footprint across India, 3. In-house toolroom driving operational efficiency, 4. Continuous product diversification, and 5. Steady investments in R&D for new recycling ventures. We project GRAV’s revenue/EBITDA to grow at a CAGR of 23%/31% over FY25–28. This growth will be driven by an increasing contribution from non-lead businesses, which are expected to account for ~23%/25% of revenue/EBITDA by FY28 (up from ~12%/13% in FY25). We value GRAV at ~24x EV/EBITDA, an implied P/E of ~32x FY28 EPS.
Ganesha Ecosphere Limited (GNPL): We initiate coverage on Ganesha Ecosphere with a BUY rating and a TP: Rs.2332, implying a ~58% upside. GNPL stands out as a pioneer in India’s plastic circularity movement, leveraging decades of experience to become a trusted name in PET recycling. With growing regulatory support for sustainability and rising consumer preference for eco-friendly packaging, the company is strategically expanding into food-grade rPET through bottle-to-bottle (B2B) recycling—a space with immense long-term potential. Its deep backward integration, extensive supplier network, and focus on quality make it well-positioned to serve FMCG brands looking to meet recycled content mandates. Backed by a strong track record and ambitious forward-looking investments, GNPL offers a unique, scalable play on India’s shift toward formalized, green manufacturing. GNPL’s revenue/EBITDA are anticipated to increase 23%/30% CAGR (FY25-28) led by revenue contribution from B2B recycling rising to ~48% in FY28e Vs ~21% in FY25. Higher contribution from the B2B business should ensure better profitability (Rs.25/kg Vs Rs.10-12/kg on B2F), provide for an order book visibility, limit pricing and margin volatilities as well as deliver improved capital efficiencies for GNPL. We have assumed for EBITDA/Kg in the B2B business to be flat while B2F EBITDA/kg to have a moderate increase. Revenue mix changes to lead to EBITDA margins expanding. The Rs.~10bn CAPEX over FY26-28 to be funded by Rs.~7bn of internal accruals, cash in hand, money from warrants and a moderate debt rise. Peak net debt to be at Rs.7bn.
AVENDUS SPARK RESEARCH
Avendus Spark ‘Unique’orns Series: Indian Waste Recycling Sector – A Circular Surge – Initiating Coverage
− Indian recycling sector gaining unprecedented momentum, powered by rising consumption, regulatory tightening, and a strong sustainability push
− The waste management system heavily reliant on a vast informal network currently should pivot towards a formal network led by GoI policy initiatives
− Gravita India is among the largest lead recyclers with a disciplined approach to expansion to benefit from rising regulatory compliance and formalisation in recycling
− Ganesha Ecosphere stands out as a pioneer in India’s plastic circularity movement with strong sourcing network and tailwinds from B2B recycling opportunity
The cheque was presented by Bank of Baroda Managing Director and CEO Debadatta Chand to the Finance Minister at her North Block office in the presence of senior officials.
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday received a dividend cheque of Rs 2,762 crore on behalf of the government from the Bank of Baroda for the financial year ended on March 31, 2025. 
The cheque was presented by Bank of Baroda Managing Director and CEO Debadatta Chand to the Finance Minister at her North Block office in the presence of senior officials.
Government-owned Bank of Baroda had recently announced a 3.3 per cent increase in its standalone net profit for Q4FY25 to Rs 5,048 crore, up from Rs 4,886 crore in the corresponding period of the previous year. The bank had also declared a dividend of Rs 8.35 per equity share for FY2024-25.
During the January–March quarter, BoB generated Rs 30,642 crore in interest income, reflecting a 3.6 per cent rise from Rs 29,583.40 crore a year earlier.
HDB Financial Services IPO GMP Live Updates: The ₹12,500 crore IPO of HDFC Bank’s subsidiary, HDB Financial Services, opens for public subscription. Price band, issue size The price band is fixed at ₹700-₹740 per share. At the upper end of the price band, the company is valued at ₹61,400 crore. The IPO is a combination of a fresh issue of equity shares worth Rs 2,500 crore and an Offer For Sale (OFS) of ₹10,000 crore by promoter HDFC Bank. At present, HDFC Bank holds a 94.36% stake in HDB Financial Services, a non-banking financial company (NBFC) arm of the bank. Use of funds The company proposes to utilise the proceeds from the fresh issue to strengthen its Tier-I capital base. This will support future capital needs, including additional lending, to support business growth. After the proposed IPO, HDB Financial Services will continue to be a subsidiary of the bank. Listing date The shares are expected to debut on the BSE and NSE on July 2, 2025.
SEPC Limited has achieved closure of Rights Issue of 74,35,19,173 Partly paid-up Equity Shares aggregating to ₹ 350 Cr. having issue price of ₹ 10/- per Equity Share on a rights basis.
Shares rose 2.83% on the NSE to ₹13.83
Dr. Lal PathLabs has expanded its genomics capabilities by adding Illumina’s NovaSeq X Series to its dedicated genomics division, Genevolve.
Stock up 1.32% on the NSE to ₹2,773.30.
Kalpataru Limited's ₹1,590 crore IPO receives subdued response, with retail segment showing better traction, aiming to reduce debt.
ACME Sikar Solar Private Limited, a wholly owned subsidiary of ACME Solar Holdings Limited, has executed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for 300 MW capacity in Rajasthan at a fixed tariff of ₹3.05 per kWh
Acme Solar Holdings stock traded flat on the NSE at ₹249.
Fed Powell’s prepared remarks for his two-day semi-annual testimony before Congress began with the statement that “the Fed must prevent a one-time increase in price-level from becoming an ongoing inflation problem by keeping inflation expectations well-anchored.” Even while these remarks support the possibility of rate decreases in the year’s final quarter, the main force behind the present price movement seems to be the reduction of geopolitical risks.
· Due to traders unwinding risk hedges linked to possible interruptions in the Strait of Hormuz, a crucial chokepoint for around 20% of the world’s oil supply, the ceasefire between Iran and Israel has put pressure on the prices of gold and crude oil.
· Days after both countries agreed to the ceasefire, Israeli Defence Minister Israel Katz ordered retaliatory strikes, despite the apparent breakthrough. Tehran disputes the claims that Iran had broken the pact.
Technical Triggers
· Gold prices can retrace to $3275(~Rs 96000) if it sustains below $3330 (~Rs 97000).
· Silver prices have retraced from their high; the next support is $35.50 (~Rs 105,300). Prices should sustain this support for the bull trend to continue. If this support is broken, the next downside level is $34.50 (~Rs 104,000). On the upside, prices can rise to $36.75 (~Rs 107,500).
IndiaBonds.com, a SEBI-registered Online Bond Platform Provider (OBPP) and one of India’s fastest-growing fintechs in the fixed income space, has successfully raised ₹32.5 crore ($3.77 million) in its first external funding round.
This milestone marks a significant step forward for the company, which has been entirely bootstrapped for over four years – driven solely by the personal capital of its founders, Aditi Mittal and Vishal Goenka. 
The round was led by a curated group of marquee individual investors from the investment and technology sectors, many of whom bring deep experience and strategic insight in scaling financial and digital platforms.
Vishal Goenka, Co-Founder of IndiaBonds, said, “We have raised a friends and associates round from a very select set of individuals who are not just contributing capital but will be particularly important in terms of advice and guidance for our scale-up stage. Our investors are leaders in the investment and technology industry who are excited to see our current stage and the vast untapped potential that lies in democratisation of the bond markets in India. This round allows us to continue on a high growth trajectory, and we are only likely to look at institutional funding from sometime next year.”
He added, “We would also like to take this opportunity to thank our clients and teams who have been instrumental in building for our vision of a Bond in Every Hand!”
Hindalco Industries stock traded flat on the NSE at ₹669.80 after positive opening of ₹676.95 from the previous close of ₹669.40. It had signed agreements to acquire 100% stake in AluChem companies for $125 million.
The initial public offering (IPO) of Rama Telecom, an telecom infrastructure and engineering solutions provider, opened for subscription on Wednesday.
The IPO priced in the range of Rs 65-68 per equity share, will remain open until June 27. At the upper end of the price band, Rama Telecom will fetch about Rs 25.13 crore from the issue, the company said in a statement.
Shares of the company will be listed on the NSE’s SME platform Emerge and the investors can bid for a minimum of 2,000 equity shares and in multiples thereof, it added.
The IPO is entirely a fresh issue of 36.96 lakh shares with a face value to Rs 10 each.
Net proceeds from the IPO will be utilised for capital expenditure, working capital requirements and general corporate purposes. – PTI
Nifty 50 holds higher after gap-up, with potential rise to 25,300-25,330; key supports at 25,130 and 25,060.
Nestle (+2.17%), Titan (+1.87%), Tata Consumer (+1.56%), Eternal (+1.33%), HCL Tech (+1.25%)
Top losers:
BEL (-1.46%), Kotak Mahindra (-0.96%), Eicher Motors (-0.20%), Axis Bank (-0.17%), Shriram Finance (-0.04%)
Benchmark indices opened sharply higher on Wednesday morning, with the Sensex opening at 82,448.80, up from its previous close of 82,055.11, and climbing further to 82,592.05 at 9:46 am, a gain of 536.94 points or 0.65 per cent.
.

Vodafone Idea shares traded 2.33% positive on the NSE at ₹7.02, after opening flat at ₹6.87. The company had clarified that it had not received any communication from the government regarding relief on ₹84,000 cr dues against the reports citing the Government considering relief on AGR due
Philogen S.p.A announced the decision to voluntarily withdraw the application for marketing authorization to the European Medicines Agency (EMA) for Nidlegy™, a biological investigational medicinal product which is intended to be used for the neoadjuvant treatment of adult patients with locally advanced fully resectable melanoma.
KEC International wins New Orders of Rs. 1,236 crores in its Civil business
Stock climbed 5.09% on the NSE to ₹933.90
Tata Technologies and Amazon Web Services collaborate to launch the 3rd edition of InnoVent hackathon for engineering students in India, shaping the future of Smart Mobility
Tata Tech shares inched up 0.66% on the NSE to ₹702.70
Force Motors partners with Zoho to enhance customer experience and dealer management systems, driving digital transformation and innovation.
HDB Financial Services IPO GMP Live Updates: The ₹12,500 crore IPO of HDFC Bank’s subsidiary, HDB Financial Services, opens for public subscription. Price band, issue size The price band is fixed at ₹700-₹740 per share. At the upper end of the price band, the company is valued at ₹61,400 crore. The IPO is a combination of a fresh issue of equity shares worth Rs 2,500 crore and an Offer For Sale (OFS) of ₹10,000 crore by promoter HDFC Bank. At present, HDFC Bank holds a 94.36% stake in HDB Financial Services, a non-banking financial company (NBFC) arm of the bank. Use of funds The company proposes to utilise the proceeds from the fresh issue to strengthen its Tier-I capital base. This will support future capital needs, including additional lending, to support business growth. After the proposed IPO, HDB Financial Services will continue to be a subsidiary of the bank. Listing date The shares are expected to debut on the BSE and NSE on July 2, 2025.
BSE Sensex gained 319.14 pts or 0.39% to trade at 82,374.25 as at 9.16 am after opening at 82,448.80 against previous close of 82,055.11, and Nifty 50 rose 92.85 pts or 0.37% to 25,137.20.
Crude oil futures traded higher on Wednesday morning as markets analysed the durability of a US-brokered ceasefire aimed at easing tensions between Israel and Iran.
Issue Period:- 25- June-25 to 26- June-25
For Non- Retail ( QIB +HNI ) open & close date – 25- June -25 (Today) 
For Retail open & close date – 26- June -25
Floor Price: INR “175.00”
Closing Price on date of announcement: Rs. 264.20u0009
Current Market Price: 264.20
Base Issue size: 0.76 Crs Shares – 7.50% of O/S Capital
Green Shoe Issue size: 0.76 Crs Shares – 7.50% of O/S Capital
Total Issue Size: 1.51 Crs equity shares (INR 265 Cr) – 15.00% of O/s Capital
Non-Retail Portion (QIB + HNI) – 90% of Offer Size – Bidding on 25- June -25 (Today) 
Total Issue Size: 1.3628 Crs shares (INR 238.49 Cr) 
Retail Portion – 10% of Offer Size – Bidding on 26- June -25
Total Issue Size: 0.1514 Crs equity shares (INR 26.50 Cr)
Note : Upto Rs 2 lacs bids are classified as Retail and above non retail ( QIB + HNI )
* Aurobindo Pharma (ABPL): Says unit gets UK approval for biosimilar Dyrupeq
* Bajel Projects (BAJEL): Gets large order for 400kv, 756kv substations
* Hindalco Industries (HNDL): To Acquire Aluchem Co. for $125 Million: Statement
* Infosys (INFO): In pact to enhance Zoetis’ IT operations & digital capabilities
* Oil India (OINL): To request stock Exchanges for waiver of fines
* Vipul (VPUL): To sale 50% shares of Associate Co. Choice Real Estate for INR20M
Japan
BOJ hawk hints at possible aggressive rate hikes
BOJ board divided on pausing rate hikes amid inflation risks
Japan reappoints FX diplomat to handle US trade talks
Japan’s industry ministry partners with Siemens Gamesa on wind energy
South Korea
Bank of Korea board member raises financial stability concerns
Deputy chief backs gradual rollout of stablecoins
South Korea lifts some restrictions on Brazilian chicken imports
China
China unveils financial support guidelines to boost consumption
Doubles 2025 naphtha import quotas
Heavy dependence on Iranian oil continues
Nears 2030 hydro storage goal, may exceed it by 8%
Starbucks denies full China exit rumors
China-Iran economic ties seen as resilient post-conflict
India
Coal stocks at power plants hit record highs before monsoon
US
Consumer confidence falls on job concerns
Fed’s Bostic, Powell say no hurry for rate cuts
Extreme heat drives up power demand and prices
Trump pushes oil/gas drilling, says China can buy Iranian oil
Trump’s tariffs affect food packaging costs
LNG export momentum builds with Corpus Christi expansion
Battery storage in power sector keeps growing
US Senate tweaks solar energy language in budget
US grid under pressure amid heatwave
US inflation remains unchanged; mortgage rates still a drag
UK
Grocery inflation hits highest since Feb 2024
Britain may impose stricter-than-expected steel import caps
Alcohol tariffs hurt Spanish wine exports
Government considers lower power prices to meet climate goals
Eurozone / EU
Central banks look at euro, yuan, gold over dollar dominance
EU agrees to relax gas storage rules
EU considers new steel import restrictions, eyes metal scrap export controls
Heavy industries set to receive energy price relief
New sanctions on Russia likely to be resolved soon
Canada
Annual inflation steady at 1.7%, core inflation eases
LNG Canada produces its first export-ready gas
Confronts power demand amid heatwave
Brazil
Bird flu eases; Japan, others lift import bans
Brazil signs $1B agriculture deal with Nigeria
Cocoa farmers optimistic about record harvest
Bird flu in top chicken exporter leads to global restrictions
Iran
Oil supply risk declines after ceasefire, prices fall
Iranian parliament moves to suspend IAEA cooperation
Russia
Faces gas surplus due to EU export drop; targets data centers
Bangladesh
IMF approves $1.3B loan under latest review
Germany
EU’s energy plan may ease electricity costs for metal producers
Ghana
Expects bumper cocoa harvest in 2025–26
Singapore
Joins climate credit push with UK and Kenya
Source: Reuters
Morning Updates : 
Nifty Highest OI
(26th June expiry)
Call:26000/Put: 24000 .
Nifty Spot – 25044 
Nifty 50 EMA – 24521
Nifty 200 EMA – 23861
Nifty 100 PE 22.4
Nifty Cash Market Volume -101k Cr.
FII Long Index constant at to 23% 
Dow Jones : +1.19% 
Brent futures : 66.9
Dollar Index : 97.9
USD INR. : 85.9
Fed Chair Jerome Powell announced “banks are free to provide banking services to the crypto industry and are also free to conduct crypto activities
JB Chemicals: Company gets US FDA approval for its Abbreviated New Drug Application Amitriptyline Hydrochloride Tablets. (Positive)
Infosys: Company announced a strategic collaboration with Zoetis to enhance IT operations and digital capabilities using AI solutions and automation. (Positive)
Aurobindo Pharma: Company’s subsidiary secured marketing authorization from the UK’s MHRA for its biosimilar Dyrupeg, a pegylated filgrastim version (Positive)
Servotech Renewable: Company secured a ~16 MW on-grid solar rooftop project from Madhya Pradesh Urja Vikas Nigam Ltd. (Positive)
PTC Industries: Company Subsidiary Aerolloy Tech and Safran Aircraft Engines Sign MOU to Develop Domestic Defence Aerospace Ecosystem in India (Positive)
Bajel Projects: Company Secures Large Order of Substation in India, Order Worth Rs 1-2 billion. (Positive)
Glenmark Pharmaceuticals: Company launches the lung cancer treatment drug Tevimbra in India. (Positive)
IndiGo: May Market Share At 64.6% Vs 64.1% (MoM). (Positive)
KFin Technologies: Board has reappointed Vishwanathan Mavila Nair as Chairman for one year, starting October 1, 2025. (Positive)
IRCTC: Starting July 1, 2025, Indian Railways is set to roll out a nationwide fare hike across all passenger classes (Positive)
HAL: Company’s chairman confirmed that the Indian Air Force will receive at least six Tejas Light Combat Aircraft (LCA) by March 2026. (Positive)
Bondada: Company gets 836 Cr Orders for BESS over 12 years from Tamil Nadu Green Energy Corporation. (Positive)
Ashok Leyland: Company eyes CV market share gain, plans 50 new outlets in North India (Positive)
Hindalco: Company announced its subsidiary, Aditya Holdings LLC, will acquire AluChem Companies, Inc., a US-based specialty alumina producer, for $125 million. (Positive)
India Glycols: Company achieved the highest sales for its ‘Bunty Bubbly’ alcoholic beverage brand in FY24-25 (Positive)
Supreme Infra: Company Secures Rs 4.50 billion Turnkey Contract in Mumbai, Company Says Contract Win Boosts Order Book to Rs 17.25 billion (Positive)
Rites: Company received a letter of intent for Rs 28.5 crore order from Gujarat urban development company. (Positive)
CWD Ltd: Company received an initial order worth ₹8 crore from a leading digital services provider.
(Positive)
India Gelatine: Company announced the resignation of Company Secretary & Compliance Officer, CS. Tanaya T. Daryanani (Neutral) 
Kabra Extr: Company announced the resignation of Mr. Vivek Pandit, Vice President, and effective June 24, 2025. (Neutral) 
Rathi Steel: Company announced the resignation of Ms. Shobhita Singh as Company Secretary and Compliance Officer, effective June 24, 2025 (Neutral)
Vibhor Steel Tubes: Company announced the resignation of Mr. Lovkesh as Company Secretary & Compliance Officer, effective June 24, 2025. (Neutral) 
Enviro Infra: Company received an intimation from the GST Department regarding short payment of GST for the period of FY19-FY24. The total liability, including tax, interest, and penalty, amounts to Rs 8.4 Cr. (Neutral)
Vodafone Idea: Company Clarifies On News Item Govt. Considering Relief on Rs.84,000 Crore Dues – Company Says No Government Communication on 84,000 Crore Rupees Dues. (Neutral)
National Plastic: Company announced the resignation of Mr. Amit Jain, Company Secretary and Compliance Officer, effective July 9, 2025 (Neutral) 
CIE Automotive: Company has agreed to subscribe up to 29% of AMP Energy C&I Thirty Two Private Limited’s equity for Rs 2.625 Cr. (Neutral) 
Petronet LNG: Company announced a record date of July 4, 2025, for the final dividend of ₹3.00 per share for FY25. (Neutral) 
India Cement: CARE Ratings has reaffirmed the ratings for India Cements’ bank facilities and assigned a short-term rating to its commercial paper. (Neutral) 
Mahindra & Mahindra: CRISIL Ratings Limited has reaffirmed its ratings on the company’s bank facilities and debt instruments. (Neutral)
AdorWelding: Company announced July 8, 2025 as a record date for the final dividend ₹20.00 per equity share (Neutral) 
Bharat Bijlee: ICRA has reaffirmed its credit ratings for the company’s bank facilities. (Neutral) 
HSCL: Himadri acquired a 16.24% stake in International Battery Company for USD 4.43 million. (Neutral)
Lloyd Metals: has completed the acquisition of a 26.82% stake in HR Godavari Private Limited for Rs. 17.4 Crores on 24th June 2025 (Neutral) 
Mastek: Raghavendra Jha resigns as Chief Financial Officer w.e.f. July 11, 2025 (Neutral) 
Kaynes Tech: Company closes its Qualified Institutions Placement, sells 28.73 lk shares at issue price of ₹5,569.50/sh (Neutral) 
BLS E-Services: Company’s arm will acquire Customer Service Points of SBI and HDFC Bank under Sub-K Impact Solutions Ltd’s business correspondence vertical in a slump sale valued at approx. ₹6.5 crore (Neutral) 
Union Bank: Cancels appointment Pankaj Dwivedi as ED with immediate effect.
Stocks excluded in ST-ASM: Dredging Corp. (Neutral)
Elitecon International Ltd: Ex-Date today, stock split Rs 10 to Rs 1 (Neutral)
Quest Cap: Ex-Date today, Dividend Rs 2.5/Sh (Neutral)
Aegis Logistics Ltd: Ex-Date today, Dividend Rs 2/Sh (Neutral)
Automobile Corporation Ltd: Ex-Date today, Dividend Rs 20/Sh (Neutral)
Infibeam Avenues Ltd: Ex-Date tomorrow, Right Issue of shares (Neutral)
CG Power: The Income Tax Dept. issued a notice, leading to a draft assessment order proposing an upward revision to ₹1,194.54 Cr. The Dispute Resolution Panel rejected the company’s objections, potentially leading to additional tax liability (Negative) 
Timex: Promoter to sell 15% stake in India arm via OFS at ₹175 per share. (Negative) 
Tata Motors: Jaguar Land Rover (JLR), Tata Motors’ UK-based luxury brand, is bracing for a potential £1.6 billion hit due to new US tariffs proposed under the Trump regime. (Negative)
UBS on MCX: Maintain Buy on Company, raised target price at Rs 10,000/Sh from Rs 7000/Sh (Positive)
Macquarie on Titan: Maintain Outperform on Company, raised target price at Rs 4150/Sh (Positive)
JP Morgan on Indian Hotels: Initiate Overweight on Company, target price at Rs 890/Sh (Positive)
Citi on Reliance Ind: Maintain Buy on Company, target price at Rs 1690/Sh (Positive)
CLSA on Reliance Ind: Maintain Outperform on Company, target price at Rs 1650/Sh (Positive)
MOSL on Coforge: Maintain Buy on Company, raised target price at Rs 2200/Sh (Positive)
Nuvama on Indiamart: Upgrade Buy on Company, raised target price at Rs 3800/Sh (Positive)
Jefferies on JSW Energy: Maintain Buy on Company, target price at Rs 700/Sh (Positive)
Nuvama on HUL: Maintain Buy on Company, target price at Rs 3055/Sh (Positive)
Nuvama on Dr Lal Pathlabs: Maintain Buy on Company, target price at Rs 3440/Sh (Positive)
Jefferies on Jindal Stainless: Maintain Buy on Company, target price at Rs 800/Sh (Positive)
Citi on MGL: Maintain Buy on Company, target price at Rs 1700/Sh (Neutral)
Bernstein on IEX: Upgrade Market Weight on Company, target price at Rs 160/Sh (Negative)
Hindalco Industries, through its wholly owned subsidiary Aditya Holdings, is acquiring AluChem Companies at an enterprise value of $125 million. This strategic move aims to strengthen Hindalco’s position in the specialty chemicals and alumina market, leveraging AluChem’s expertise in high-purity alumina for advanced applications. The acquisition aligns with Hindalco’s focus on expanding its downstream and value-added product portfolio.
People’s Bank of China (PBOC), along with five other regulatory bodies—likely including the National Financial Regulatory Administration (NFRA), China Securities Regulatory Commission (CSRC), and others—released a comprehensive set of guidelines to enhance financial support for consumption and service sectors in China. The initiative, titled “Guiding Opinions on Financial Support to Boost and Expand Consumption,” outlines 19 measures aimed at stimulating domestic demand and fostering sustainable economic growth amid global trade challenges and weakening consumer confidence.
China has taken Economic Stabilization measures aim to inject liquidity, lower financing costs, and support sectors critical to domestic demand, potentially offsetting external shocks like U.S. tariffs.
India Forex And Asset Management Pvt Ltd. (IFA Global)
The Rupee is expected to trade a 85.85-86.20 range, with sideways price action. Offshore is indicating a flat open for Nifty50.
Rupee ended 78 paise stronger at 85.98 yesterday after trading a 85.91-86.26 range intraday
CBIC issues circular streamlining GST dispute review and appeal process for DGGI cases; move to benefit banking, gaming, e-commerce, and other scrutinised sec
MCX upgraded to ₹8,800 target price due to volume growth, new products, and increased participation in commodity market.
Piramal Enterprises future growth plans and strategic insights, confident in retail business strategy, target price ₹1,250.
Paychex, Inc (Pre market) (Sector- Miscellaneous)
General Mills, Inc (Pre market) (Sector- FMCG)
Micron Technology, Inc (Post market) (Sector- Technology)
Jefferies Financial Group Inc (Post market) (Sector- Financial)
Haleon plc (TENT) (Sector- Healthcare)
Asian equity markets set to open with marginal gains while consolidation expected post the rally that seen in near past. U.S. stock futures remained in the range after posting of strong gains on Wall Street earlier in the day, as sentiment was lifted by a tentative ceasefire between Israel and Iran brokered by President Donald Trump.
Dow Future (US): 43106, +17.0 points/ +0.04%
Nasdaq Future (US): 22203, +12.6 points/ +0.06%
US Small cap 2000 Future (US): 2162, +1.0 points/ +0.04%
DAX Future (Germany): 23836, +61.0 points/ +0.26%
FTSE Future (UK): 8778, -9.0 points/ -0.10%
Hang Seng Future (Hong Kong): 24341, +188.0 points/ +0.78%
KOSPI (South Korea): 3113, +9.0 points/ +0.30%
Taiex Future (Taiwan): 22091, +132.0 points/ +0.61%
Nikkei Index (Japan): 38806, +15.0 points/ +0.04%
Gift Nifty: (India) 25168, -4.3 points/ -0.02% (Adjusted)
U.S. Market Previous Closing
Dow (US): 43089, +507.0 points/ +1.19%
Nasdaq (US): 19912, +282.0 points/ +1.41%
19:30 U.S. Fed Chair Powell Testifies
19:30 U.S. New Home Sales (Expected: 692K versus Previous: 743K)
* TITAGARH
Symbol: ARISINFRA
Series: Equity “B Group” 
BSE Code: 544419
ISIN: INE0H9P01028
Face Value: Rs 2/-
Issue Price: Rs 222/- per share
Ellenbarrie Industrial Gases IPO, priced at Rs 380-400, closes Thursday with a mix of fresh issue and offer for sale.
Kalpataru's IPO receives muted response on Day 1, offering shares at ₹387-414, aiming to raise ₹1,590 crore for expansion.
Globe Civil Projects IPO, oversubscribed on Day 1, aims to raise ₹119 crore with a price band of ₹67-71.
Sambhv Steel Tubes IPO opens June 25, price band ₹77-82, aims to raise ₹540 crore, key player in steel pipes industry.
HDB Financial Services ₹12,500 crore IPO opens today at ₹700–740. Anchor investors include LIC, BlackRock. Offer closes June 27 with quotas for all investor types.
NDTV launches 'NDTV Alive' for live events, Bajaj appoints new MD, Bajel Projects secures energy sector order, Adani's growth plans.
Timex Group to sell 15% stake in Indian entity, Hindalco acquires AluChem, CCI approves Bain Capital's stake in Manappuram.
Globe Civil Projects IPO fully subscribed on first day, with 6.96 times subscription, raising Rs 119 crore.
Indian Railways will marginally hike passenger fares from July 1 onwards. AC fares – across all trains and classes, barring suburban – will see a 2 paise per km hike, officials told businessline. This is the first time fare hikes are being initiated since 2020. 
MSCI: No Country Reclassified from EM to DM — False alarm around Korea’s upgrade once again | In-line with Nuvama Alt belief 
* There was a lot of speculative noise from a few brokers and media outlets. The official announcement is now out, and MSCI has not reclassified any country from Emerging Market (EM) to Developed Market (DM) in its 2025 Market Classification Review.
* ⁠Once again, there was undue excitement about South Korea’s potential upgrade to Developed Market status. This has become a recurring annual theme over the past 3–4 years, and as in previous years, it has proved to be unfounded.
Key Excerpt from MSCI’s 2025 Review – Korea’s Market Accessibility:
• Between 2008 and 2014, MSCI held consultations regarding Korea’s potential reclassification. However, limited convertibility of the Korean Won, a rigid investor ID system, and restrictions on exchange data use were seen as key barriers.
• While Korean authorities have recently made efforts to improve accessibility (e.g. extended FX market hours), these reforms are still insufficient to meet the standards of a Developed Market.
• A Developed FX market requires:
• Fully convertible currency
• No capital controls
• Deep, liquid, and transparent markets—onshore and offshore
• Support for large, time-sensitive transactions (especially during index rebalancing)
MSCI’s view: “It remains to be seen whether Korea’s limited reforms… will be sufficient to enable a fully developed FX market.”
We will keep you posted with all the developments.
Iranian President Pezeshkian announced that Iran will not break the ceasefire unless Israel does so, according to Nournews. Iran is prepared to talk and defend the rights of the Iranian people at the negotiating table, According To Nournews..
Fed’s Powell: 
The US is not in recession. Inflation Might Be Softer Than Expected. If Inflation and Job Market Stay Strong, There Might Be a Rate Cut Later. Also a weakning labor market would suggest cutting sooner. We could see inflation come in not as strong as expected, if that’s the case, we would suggest cutting sooner.
(Overall comments are dovish and Fed chair discussing the rate cut if labor market and inflation softens)
Provisional Cash
FII/FPI: NET SELL: -5266.01
(13,628.08 – 18,894.09) 
DII: NET BUY: +5209.6
(14,931.45 – 9,721.85)
HDB Financial Services, a subsidiary of HDFC Bank, on Tuesday said it has mobilised Rs 3,369 crore from anchor investors, a day ahead of the launch of its initial share sale for public subscription.
Life Insurance Corporation of India, ICICI Prudential Mutual Fund (MF), SBI MF, Nippon India MF, ICICI Prudential Life Insurance, BlackRock, Royal Bank of Canada, Allianz Global Investors, Morgan Stanley, Prudential plc, Copthall Mauritius Investment, APG Asset Management, Baillie Gifford, Norway’s Government Pension Fund Global, Goldman Sachs, British multinational Schroder and Fidelity Investments have participated in the anchor round.
Abu Dhabi Investment Authority, Societe Generale and Tata Investment Corporation, among others, have also been allotted shares in the anchor round.
According to a circular uploaded on BSE’s website, HDB Financial Services allocated over 4.55 crore equity shares to 141 entities at Rs 740 per equity share, which is the upper end of the IPO price band.
The Rs 12,500-crore initial public offering (IPO) will open for public subscription on June 25 and conclude on June 27. The price band has been set at Rs 700-740 per share for its issue. – PTI
US intel says Iran’s nuclear sites survived recent US strikes, contradicting Trump’s claim of “total destruction”; White House calls report “flat-out wrong.”
Fed Chair Powell resists Trump’s call for rate cuts, says the Fed will wait for clearer economic signals before adjusting interest rates. Inflation remains mild.
US stocks rose toward their all-time high on Tuesday after oil prices eased further on hopes that Israel’s war with Iran will not damage the global flow of crude.
The S&P 500 climbed 1.1 per cent, following up on big gains for stocks across Europe and Asia, after President Donald Trump said late Monday that Israel and Iran had agreed to a “complete and total ceasefire.” The main measure of Wall Street’s health is back within 0.8 per cent of its record set in February after falling roughly 20 per cent below during the spring.
The Dow Jones Industrial Average jumped 507 points, or 1.2 per cent, and the Nasdaq composite rallied 1.4 per cent.
The strongest action was again in the oil market, where a barrel of benchmark US crude fell 6 per cent to settle at USD64.37. Brent crude, the international standard, had a similar drop. – AP-PTI
Actively managed mutual fund managers prioritize strong financials, growth prospects, and valuations when selecting stocks, avoiding certain constituents strategically.
Intraday trading guide with key supports, resistances, and trade recommendations for Nifty futures and popular stocks. Risk involved.
Bullish outlook for Can Fin Homes stock with potential rise to ₹860, buy at ₹789, accumulate on dips, set stop-loss.
Published on June 25, 2025
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