Market Highlights
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August 18, 2022
- Blackstone Said to Launch $400 Million Sona Comstar Stake Sale
- US firm selling stock at 7.2% discount to Wednesday’s close
- India Sees Domestic Coal Output Rising 16% Y/y in FY23
- Coal Ministry Signs 16 Pact with Successful Bidders of Coal Mines
- Goldman- Backed ReNew Secures $1 Billion Loan for India Project
- Firm to use loan for round-the-clock generation project
- China to Take Part in Military Exercise in Russia with India
- Akasa Has Strong Financials for Bigger Plane Order in 18 Months
- India to Switch INR150B of Shorter Debt to Longer on Aug 22
- India Cumulative Monsoon Rainfall 10% Above Normal as of Aug. 17
- BRICS 2Q GDP Forecast Steady in Past Week; India Seen at 14.3%
- Domestic funds sell net 5.1b rupees of stocks
- Global Funds Buy Net INR23.5B of India Stocks Wednesday: NSE
- Navies of India, Malaysia resolve to work jointly in Indian Ocean region: PTI
- India supplies nearly 60% of vaccines used worldwide, FM: PTI
- Bharti Airtel (BHARTI): Adds net 793,132 mobile subscribers in June: TRAI
- GAIL India (GAIL): Approves raising up to INR250b via rupee borrowing and up to $3.13b in foreign currency
- Kilburn Engineering (KEL): RBL Bank (RBK) sold 2.2m shares of KEL in two blocks: BSE
- Natco Pharma (NTCPH): Gets tentative U.S. FDA approvals of ANDA for Trabectedin
- Oil & Natural Gas Corp (ONGC): Signs Agreement With ExxonMobil for Deepwater Exploration
- Reliance Industries (RIL): Jio adds net 4.22m mobile subscribers in June: TRAI
- Vodafone Idea (IDEA): Loses net 1.8m mobile subscribers in June: TRAI