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April 18, 2022

• ALKEM LABS, CUPID, WINDLAS BIO, LUPIN, BASF INDIA, TATA POWER, TATA STEEL, HDFC BANK, ICICI PRUDENTIAL
• Alkem Laboratories: Co Says Fda Inspection At Alkem's Bioequivalence Center At Taloja || At End Of Inspection, No Form 483 Was Issued
• Cupid: Co Has Received An Order From Medical Stores Department, Government Of Tanzania Worth Inr 65.84 Crore (Approx.).
• Windlas Biotech: Co Concludes EU Gmp Inspection, Received Zero Critical Observations/ Deficiencies
• Lupin: Co Receives Approval From U.S. FDA For Desvenlafaxine Extended-Release Tablets 25 MG || Product Will Be Manufactured At Lupin’s Facility In Goa, India
• BASF India: Co Says Got Tax Demand For 193.4m Rupees For Tax Period 2017-18 From Commercial Tax Department
• Tata Power: Co And Blackrock Real Assets-Led Consortium Entered Binding Deal To Invest In Co's Renewable Energy Unit
• Tata Steel: Co To Consider Stock Split On May 3
• HDFC BANK: Q4 SL Net Profit Rupees 100.55b Vs 81.86b (YoY); Est 103b | 103.42b (QoQ) Q4 Provision Rupees 33.12b Vs 29.93b (QoQ)Q4 Interest Earned Rupees 334.48b Vs 304.23b (YoY);324.68b (QoQ)Q4 Gnpa 1.17% Vs 1.26%(QoQ)Q4 Net Npa 0.32% Vs 0.37%(QoQ)
• ICICI Prudential: Q4 Cons Net Profit 1.86b Rupees Vs 625m (YoY); 3.12b (QoQ) ||Q4 Revenue 138b Rupees Vs 196b (YoY); 98b (QoQ)
• • Tata Steel to Consider Split of Equity Shares on May 3: Filing
• • Normal Indian Monsoon Sets Stage for a Bountiful Crop Season
• o June-Sept. showers seen 99% of normal: weather office
• • India’s Diesel, Gasoline Sales Sink as Price Hikes End Hoarding
• • Indian Backdoor for Russian Oil Weakens Calls for European Ban
• o Indian refiners are steadily selling more fuel to Europe
• • India Seeks Bids for Building 1GWh Battery Energy Storage System
• • World Bank Cuts South Asia Growth Forecast on Geopolitical Risks
• • Holcim Said to Weigh Sale of India’s $9.6 Billion Ambuja Cements
• o Holcim gauging interest in controlling stake, no decision made
• • HDFC Bank Profit Jumps 23% From Last Year, Misses Estimates
• • Infosys Sales Forecast Trails Estimates as IT Spending Cools
• o Revenue will grow 13%-15% in FY23, compared with 17% est
• • India Suspends Import Duty on Cotton Until Sept. 30: Statement
• • Tight World Supply Prompts India to Aim for Regular Wheat Seller
• o India’s Wheat Exports May Total 10M-15M Tons in FY23: Goyal
• o Egypt Approves India as Wheat Import Origin
• • Ambani’s Reliance Is Said to Study Bid for Walgreens’s Boots
• o Indian group could face PE firms including Apollo, TDR
• • Tata to Offer Outside Brands on Its Super App to Take on Rivals
• • Tata Renewable Unit Raises $525 Million From Overseas Funds
• • India Approves 60m More Users for WhatsApp Payment Service
• • India Official Reserves Drop to Lowest Since June
• • India’s Swiggy Leads $180M Funding Round in Rapido
• • Barclays Asia Macro Trading Head, Senior India Banker Depart
• • India March Passenger Vehicle Sales Fall 3.9% Y/y, SIAM Says
• • Buying in Indian Equity Funds Hits Records as Foreigners Flee
• • Holcim Sale of India’s Ambuja Might Clear Carbon Clouds: React
• • ICICI’s Outperformance May Drive Spreads Tighter: Credit Outlook
• • Infosys Growth to Stay Strong on Cloud Demand: Company Outlook
• • Indian Molding Powder Producer Contests U.S. Anti-Subsidy Duties
• • 12pm: India March Wholesale Price Inflation YoY, est. 13.25%, prior 13.11%
• • Den Networks (DEN): 4Q net income 499.7m rupees Vs. 369.8m year ago
• • Future Retail FRETAIL): Says Bank of India Initiates Insolvency Process
• • HDFC Bank (HDFCBC): 4Q Net Income +23% Y/y to 100.55b rupees, Misses Est. 102.4b; Provisions +11% Q/q to 33.12b, Gross NPA 1.17% vs. 1.26% q/q; bank approves raising Up to INR500b Via Bonds in 12 months
• • ICICI Prudential Life (IPRU): 4Q Net Income INR1.85B Vs. INR637.8M Y/y
• • Infosys (INFO): 4Q Net Income +12% Y/y to 56.9b Rupees, Misses Est. 60b; Revenue +23% Y/y to 322.8b;CEO See a Robust Demand Environment
• • S Kumars Nationwide (SKNL): India’s CBI Files Case Against S. Kumars Over Alleged Fraud
• • Tata Steel (TATA): To Consider Proposal of Stock- Split May 3
• • TVS Motor Co (TVSL): Buys 1.81% Stake in Rapido
• • UPL (UPLL): UPL Pollution Dam at South African Chemical Depot Spills