Market Highlights
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April 06, 2022
- Tejas Networks in Focus :) ?? ?Likely to get order for 4G equipment in April & the equipment is all 5G-Enabled. ?"The purchase order for 4G equipment was likely to be placed by BSNL in April."
- *Bandhan Bank* ~ Advances: Rs 1lk cr as on March 31, up 16% (YoY) ~ Total deposits: Rs 96,330 cr as on March 31, up 24% (YoY) ~ CASA deposits: Rs 40070 cr as on March 31, up 18% (YoY)
- *Gujarat Gas* ~ Green hydrogen will be produced by the process of electrolysis of water using 1 MW floating solar project of NTPC Kawas.
- • India FY22 Corporate Tax Collections Jump 58% Y/y at $95.7B
- • RBI Won’t Activate Counter-Cyclical Capital Buffer on Banks Now
- • Retail Investors Allowed Bigger Limit for India IPO Application
- • India’s EV Sales Seen Doubling Led by Battery-Powered Scooters
- o Sales to rise to 800,000 units this FY23: dealers’ body
- • India Needs $12.4 Trillion for Net-Zero Transition, Report Says
- • India Is Said to Consider Seeking $6.6 Billion in Mega LIC IPO
- • Foreign Outflows From India Bonds Gain Momentum
- • Global Funds Buy Net INR3.75B of India Stocks on Tuesday: NSE
- • Foreign Investors Buy Net INR14.5B of Indian Equities on Monday
- • Foreigners Buy Net INR19.4B of Indian Equity Derivatives Tuesday
- • Govt extends timeline for loan disbursement for ethanol projects till Sep: PTI
- • India generates 3.5 million tonnes plastic waste annually: Env Min: PTI
- • 10:30am: S&P Global India PMI Services for March, prior 51.8
- • 10:30am: S&P Global India PMI Composite for March, prior 53.5
- • Adani Enterprises (ADE): Meet on April 8 for raising of funds via rights issue, preferential allotment, including QIP
- • Dish TV (DITV): Says RBI Approved the divestment of Unit Dish TV Lanka
- • Gufic Biosciences (CF): Gets DCGI Nod for Thymosin Alpha-1 COVID Treatment
- • Tata Consultancy (TCS): Kansas Selects TCS to Transform Unemployment Insurance System
- • Tata Steel’s India 4Q Sales Rise 10% Y/y to 5.12m Tons
- • Mario (MRCO): Says India Business Stayed ‘Relatively Firm’ in 4Q
- • Tata Steel (TATA): Says India 4Q Sales Rise 10% Y/y to 5.12m Tons
- • TVS Motor Co (TVSL): To Collaborate with Jio-BP to Explore Creating Public EV Solutions
- *The six-member MPC will meet between April 6 and 8 to decide on the policy interest rates in the country. It will announce the outcome of the meeting on the last day of the meeting — April 8 (Friday).*
- *News Update*: SEBI allows IPO bids upto Rs 5 lakh via UPI for retail investors.