Market Highlights

---

Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

---

February 10, 2022

• Ø Adani Properties, Jindal Power Ltd submit EoI for Videocon Industries and its 12 units
• Ø Kinetic Engineering to focus on EV segment; to make chassis, gearboxes for such 2, 3-wheelers
• Ø Delhi govt to build electric vehicle charging stations at all state-run offices
• Ø Larsen & Toubro's construction arm bags 'significant' order in Bangladesh
• Ø We have no plans to merge Vedanta Limited with parent company: Anil Agarwal
• Ø Tata Steel arm accepts letter of award to acquire NINL; buyout process may complete in 2 months
• Ø Jindal Steel and Power posts 20% steel sales growth in January
• Ø Lupin enters pact with Medis to distribute orphan drug in Europe
• Ø Airtel Payments Bank partners ICICI Lombard for cyber insurance
• Ø Crypto exchanges to brief policymakers on TDS tangles
• Ø Future Retail's lenders classify co as NPA; ask firm to submit 'viable' resolution plan
• Ø Airtel CEO hints at tariff hike in 2022 amid cost pressure, 5G rollout
• Ø Adani, Jindal Power join race to buy Videocon's consumer durable business
• Ø Govt bans import of foreign drones to boost Make in India, lists exceptions
• Ø FPI selling nears $6 billion in 2022 as interest rate hikes loom
• Ø SAIL consolidated net profit rises 4.1% to Rs 1,529 crore in Q3
• Ø Ace investor Rakesh Jhunjhunwala, others to pick up stake in D B Realty
• Ø CCI penalises 7 entities for bid-rigging in tender related to SBI signage
• Ø Cognizant to hire 50,000 freshers in CY22; highest ever for the company
• Ø Kalrock-Jalan group in rush to revive Jet Airways ahead of March deadline
• Ø Private capex may start picking up by end of next fiscal, says India Inc
• Ø Nykaa profit drops 59% to Rs 28 cr in Q3, revenue up 36%
• Ø Exports rise 28.51% to $ 8.67 billion during February 1-7
• Ø Union Budget 2022: Hospitality sector gets additional relief, but left wanting more
• Ø Life insurers’ new premium income up 3 pc to Rs 21,957 cr in January
• Ø German economy shrank 0.7% in fourth quarter amid Covid-19 resurgence
• Ø LIC listing being fast-tracked: Dipam secretary Tuhin Kanta Pandey
• Ø Vedant Fashions fixes IPO price band at Rs 824-866, looks to raise Rs 3,149 crore
• Ø DPIIT to soon approach Cabinet on FDI proposal for LIC: Secretary
• Ø ‘Proposal to replace old SEZ law both timely and important’
• Ø Govt prepared to deal with any global development: FM Sitharaman
• Ø FPIs net sellers at Rs 6,834 cr in Feb so far
• Ø Cogent E-Services files draft papers with Sebi to mop-up funds via IPO
• • Sitharaman says India’s 6.9% fiscal deficit is a “responsible” one
• • BRICS 4Q GDP Forecast Steady in Past Week; India Seen at 6.0%
• • Bharat Forge to Consider Raising Funds Via Bonds
• • Strides Pharma to Mull Fund Raising Via Shrs/Warrants
• • SEBI Directs Mutual Fund AMCs to Form Audit Committees
• • Gold Holds Advance on Demand for Inflation Hedge and Haven
• • India Stocks Rise for Second Day as Rate Decision in Focus
• • State Assembly Voting in India’s Uttar Pradesh to Start
• • Aragen Life Sciences Plans to Sell Up to INR2b 3Y Bonds
• • Cholamandalam Investment Plans Up to INR6b 2-Part Bond
• • India’s SEBI Relaxes Norms for Private Infrastructure Trusts
• • Retail-Trading Boom in India Stays Strong as Foreigners Flee
• • Ravi Mital takes charge as Chairman of Insolvency & Bankruptcy Board of India
• • Vedanta Says No Restructuring Needed, Spells Out Dividend Policy
• • India Headed for Steep Fuel Price Hike in March, Deloitte Says
• • India’s January Oil Products Consumption Falls 0.2% Y/y
• • Bharti Airtel Misses Profit Estimate Dragged by High Tax Expense
• • Global Funds Sell Net INR8.93B of India Stocks Wednesday: NSE
• • Samsung Kills Note and Bets Big on Foldables to Take On IPhone
• • India starts consultations for national database on cooperatives: Mint
• • Apple Critic Meta Turns Ire Toward Google Over App Privacy Rules
• • LIC likely to file draft red herring prospectus with SEBI today: ET Now
• • India is in discussion with ASEAN to start FTA review: PTI
• • ACC (ACC): 4Q Net Income Misses Estimates
• • Bharti Airtel (BHARTI): Expects Another Round of Tariff Hike This Year
• • BSE Ltd. (BSE): GETS SEBI IN-PRINCIPLE APPROVAL FOR INTRODUCING EGR SEGMENT
• • Berger Paints (BRGR): 3Q Net Income Misses Estimates
• • Dr Reddy’s (DRRD): to launch copy of Par Pharma’s Vasostrict in U.S.
• • Glenmark Pharma (GNP): GLENMARK, SANOTIZE: PHASE 3 NONS TRIAL REACHED PRIMARY ENDPOINT
• • GMR Infra (GMRI): 3Q Net Loss 6.26B Rupees Vs. Loss 8.97B Rupees Y/y
• • Indiabulls Housing (IHFL): 3Q Net Income 3.03B Rupees
• • Infosys (INFO): TIES UP WITH QUALTRICS FOR COBALT CLOUD OFFERINGS
• • Lupin (LPC): In Distribution Pact With Medis for Orphan Drug NaMuscla
• • Nykaa (NYKAA): 3Q Net Income Misses Estimates
• • Petronet LNG (PLNG): 3Q Net Income Beats Estimates
• • Power Grid (PWGR): 3Q Net Income Misses Estimates
• • Prestige Estates (PEPL): Prestige Estates 3Q Net Income Misses Estimates
• • SKF India (SKF): 3Q Net Income 888.9M Rupees vs 1.28B Y/y
• • Steel Authority (SAIL): Steel Authority 3Q Net Income Misses Estimates
• • 10am: Feb. RBI Reverse Repo Rate, est. 3.55%, prior 3.35%
• • 10am: Feb. RBI Cash Reserve Ratio, est. 4.00%, prior 4.00%
• • 10am: Feb. RBI Repurchase Rate, est. 4.00%, prior 4.00%
• • 12noon: RBI Governor Das to address press conference