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February 01, 2022
- • Tata Steel Wins Indebted State Mill Neelachal With $1.6 Billion Bid
- • India’s April-Dec. Budget Deficit Reaches 50.4% of FY22 Target
- • Crypto Bill Not in India Parliament Agenda for Budget Session
- • Sun Pharma Profit Beats Estimate on Specialty Drugs, India Sales
- • India’s HPCL Targets to Become Carbon-Neutral by 2040
- • India Top Court Defers Hearing Future Retail Petition to Feb. 1
- • Former Morgan Stanley India M&A Head Returns to Firm
- • Byju’s Is Said to Aim for SPAC Merger Agreement Within a Month
- o Looking to raise $750m in pre-IPO fundraising
- • Rajesh Verma Given Additional Charge of Financial Services Secretary
- • India Targets to Boost Palm Production to Cut Edible Oil Imports
- • Indian Banks Loans to Mid- Size Businesses Rise to Record
- • Emerging Market ETFs Rise for 5th Week in $6.22 Bln Streak
- • Global Funds Sell Net INR36.2B of India Stocks on Monday: NSE
- o Domestic funds buy net 36.5 billion rupees of stocks
- • Foreign Investors Sell Net INR50.6B of India Equities on Jan. 28
- • Foreigners Sell Net INR12.8B of India Equity Derivatives Monday
- • Power sector workers to hold nationwide protest Tuesday: PTI
- • Google removed 94,173 content pieces in Dec. in India: PTI
- • 10:30am: Markit India Manufacturing PMI for Jan., prior 55.5
- • 11am: Finance minister Nirmala Sitharaman to present budget 2022-23 in parliament
- • 3:45pm: New Delhi. Finance Minister Sitharaman to address a post-budget press conference along with MoS for Finance, finance secretary, and other secretaries of the Ministry of Finance
- • Ajanta Pharma (AJP): 3Q net income +8.5% y/y to 1.92b, beats est. 1.71b; revenue +12% y/y to 8.38b
- • Bharat Petroleum (BPCL): 3Q net income -12% y/y to 24.6b rupees, misses est. 29.5b; revenue +37% y/y to 1.19t
- • DLF (DLFU): 3Q net income -16% y/y to 3.79b rupees, misses est. 5.88b; revenue +0.6% y/y to 15.5b; DLF Cyber City Developers REIT readiness on track
- • Edelweiss Fin (EDEL): 3Q net income 709.6 million rupees vs. loss 697.2 million rupees y/y
- • GAIL India (GAIL): Starts hydrogen blending in city-gas supplies at Indore
- • Hindustan Petroleum (HPCL): 3Q net income -63% y/y to 8.69b rupees, misses est. 24.9b; revenue +34% y/y to 1.03t
- • Indian Oil (IOCL): 3Q net income +19% y/y to 58.6b rupees, misses est. 67.7b; revenue +34% y/y to 1.97t
- • KEC International (KECI): 3Q net income -35% y/y to 936.1m rupees, misses est. 1.2b
- • Navin Fluorine (NFIL): 3Q net income +17% y/y to 687.9m rupees, beats est. 602.8m; revenue +22% y/y to 3.79b
- • NTPC (NTPC): Unit acquires 5% equity stake in Power Exchange of India
- • Reliance Industries (RIL): Reliance Brands forms 60:40 JV with designer Rahul Mishra for new brand
- • State Bank of India (SBI): Partners with Tata Power for financing solar projects
- • Tata Motors (TTMT): 3Q net loss 15.2b rupees vs. profit 29.1b y/y; revenue -4.5% y/y to 722.3b; expects performance to improve further in 4Q, JLR global order book at record level
- • UCO Bank (UCO): 3Q net income 3.1b rupees vs. 354.4m y/y, Provisions -46% q/q to 5.49b; Gross NPA 8% vs. 8.98% q/q
- • Vedanta (VEDL): Confirms INR80b loan from Union Bank of India (UNBK)
