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April 22, 2022
- • India Wants U.K. Trade Pact by October, Easier Worker Visas (1)
- • India Seeks to Buy Brazilian Oil on Long-Term Special Contracts
- • India Working With More States to Cut Taxes on Aviation Fuel
- • India Proposes Battery-Swap Plan for Electric Bikes, Rickshaws
- • India to Issue Quality-Centric Rules for EVs After Scooter Fires
- • India Can Become A Net Green Energy Exporter: Adani
- • India’s ITC Resorts to Partial Price Hikes on Diary Products
- o Co is lowering costs by reducing manufacturing wastage
- • India Said to Be Comfortable With Higher Bond Yields
- • Billionaire Mittal Asks India to Keep 5G Airwaves Fee Affordable
- o Moderate license fee will help in faster rollout of services
- • Aggressive Bids Limiting Wind Power Expansion in India: Suzlon
- • India Group Seeks Wider Tax Gap Between Refined, Crude Palm Oils
- • India’s 2021-22 Gems, Jewelry Exports Rise 54% Y/y to $39.2B
- • Uber Wins Relief from India Top Court on State Rules for Cabs
- • Kia to Sell Its First Electric Car in India Later This Year
- • India’s Sensex Gains for Second day; Reliance Surges to Record
- • Global Funds Sell Net INR7.14B of India Stocks Thursday: NSE
- o Domestic funds buy net 28.2b rupees of stocks
- • Foreign Investors Sell Net INR23.4B of Indian Equities Wednesday
- • Foreigners Buy Net INR74.3B of India Equity Derivatives Thursday
- • India seeking greater mkt access for ‘AMITY’, goods in trade pact with UK: PTI
- • British PM Boris Johnson favours more skilled visas for Indians: PTI
- • Sebi issues Rs 2 crore recovery notice to ex-NSE chief: PTI
- • Two-day business conclave to open in Vizag on April 22: PTI
- • India’s central bank will release minutes of the April rate decision of rate-setting panel meeting
- • RBI to release weekly FX, bank credit data
- • 3i Infotech (III): Gets INR120m Digital BPS Deal with Indian Insurer
- • Crisil (CRISIL): 1Q Net Income +45.6% Y/y to 1.22b Rupees; Revenue +20.1% to 5.95b
- • Cyient (CYL): 4Q Net Income +50% Y/y to 1.54b rupees, Beats Est. 1.26b; Revenue +8.3% Y/y to 11.8b
- • HCL Tech (HCLT): 4Q Net Income 35.93b rupees vs. 11b y/y, Beats est. 33.54b; Revenue +15% to 226b; Attrition 21.9% vs. 9.9% y/y; Sees revenue +12% to +14%
- • ICICI Lombard (ICICIGI): 4Q Net Income -9.5% Y/y to 3.13b rupees, Misses Est. 3.44b; Gross written premiums 50b
- • Jindal Steel & Power (JSP): Says ED Official Visited Delhi, Gurugram Offices, Seeks Business Related Information
- • JSW Energy (JSW): Co’s Unit, Telangana Govt Sign Accord for Hydro Project
- • L&T Technology (LTTS):4Q Net Income +34% Y/y to 2.62b rupees, Meets Est. 2.61b; Revenue +22% Y/y to 17.6b; Co. Wins $100m Contract from Jaunt Air Mobility
- • NTPC (NTPC): Collaborates with Delhi Jal Board to convert Waste into Energy
- • Railtel Corp. (RAILT): Wins INR297.5m Order from National Informatics Centre
- • Rallis India (RALI): 4Q Net Loss 141.9m Rupees vs. Profit 81.2m Y/y, Est. profit 122.5m; Revenue +8% Y/y to 5.08b
- • Tata Communications (TCOM): 4Q Net Income +22% Y/y to 3.65b rupees, Revenue +5% Y/y to 42.63b
- • TVS Motor (TVSL): Says to Invest GBP100M More in Norton Motorcycle