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July 18, 2022
- India Has a Chance to Escape Global Inflation Trap, RBI Says
- Economy to benefit from higher rainfall & sowing activity
- India’s Diesel, Gasoline Sales Taper Off Adding to Oil’s Gloom
- Modi’s Party Picks Dhankhar as India Vice Presidential Candidate
- HDFC Bank Profit Tops Estimates on Robust Loan Growth o Profit for June quarter rose 19% to 92 billion rupees
- Profit for June quarter rose 19% to 92 billion rupees
- India Mines Rule Amendment in Parliament Monsoon Session Agenda
- Jet Fuel Prices in India Cut as Brent Hovers Around $100 Barrel
- IndiGo Airbus A320 Neo Diverted to Karachi After Technical Snag
- India Cumulative Monsoon Rainfall 13% Above Normal as of July 17
- India’s CCI Approves Indirect Subscription of 30% of CitiusTech
- CCI Approves Acquisition of Ageas Federal Stake by Ageas
- CCI Clear CPPIB Raising Voting Rights in Renew Energy
- India’s Forex Reserves Fall to 15-Month Low as RBI Defends Rupee
- Adani Ports Rises After Winning Israel Port for $1.2 Billion (2)
- Indian Underwriters Partially Rescue Weekly Bond Auction
- Stocks in India Post Weekly Drop on Lackluster Start to Earnings
- Global Funds Sell Net INR16.5B of India Stocks Friday: NSE o Domestic funds buy net 10.6b rupees of stocks
- Foreign Investors Buy Net INR3.63B of India Equities Thursday
- Foreigners Buy Net INR34.7B of Indian Equity Derivatives Friday
- Jaishankar to move weapons of mass destruction bill in Rajya Sabha on Monday: PTI
- Coal India Seeks to Secure Imported Coal from PT Bara Daya: PTI
- India Wants Alphabet, Meta to Pay for News Feed, Times Reports
- Chinese President Xi meets PLA troops connected with Ladakh standoff: PTI
- Ashishkumar Chauhan Likely to be named NSE CEO: CNBC-TV18
- India Monsoon session of parliament scheduled to start Monday, July 18 and conclude on Aug. 12
- Bharat Electronics (BHE): 1Q Net Income 4.3b rupees vs. 111.5m y/y, beats est. 2.1b; Revenue +91% Y/y to 31.1b
- HDFC Bank (HDFCB): 1Q profit +19% Y/y to 92b rupees, beats est. 82b; Provisions -3.7% q/q to 31.9b; Gross NPA 1.28% vs. 1.17% q/q
- Hindalco Industries (HNDL): Hindalco, Israel’s Phinergy in Pact on Aluminum R&D
- ICICI Prudential (IPRU): 1Q net income 1.56b rupees vs. loss 1.86b y/y, misses est. 2.28b; value of new business +31.6%
- Jindal Steel (JSP): 1Q net income -22% Y/y to 19.7b rupees, beats est. 9.91b; Revenue +23% to 130.5b; Aims to become net debt free by end of FY23
- Just Dial (JUST): 1Q net loss 483.5m rupees vs. loss 35.2m y/y, est. profit 240.7m; Revenue +13% to 1.86b
- Karnataka Bank (KBL): Partners with JCB India for equipment financing business
- KNR Constructions (KNRC): Gets letter to build INR342.6m road project
- L&T Technology (LTTS): 1Q Net Income +27% Y/y to 2.74b rupees, est. 2.69b; Revenue +23% to 18.74b
- Maharashtra Seamless (MHS): Gets INR1.3b order for subsea sour service seamless pipes
- Oberoi Realty (OBER): 1Q net income 4.03b rupees vs. 806.3m y/y, misses est. 5.07b; Revenue 9.13b vs. 2.84b
- Om Infra (OMM): Wins INR11.7b wast water treatment plant contract
- Orchid Pharma (ORCP): Says unit’s application for PLI approved;unit gets IFCI approval for API manufacturing
- Sequent Scientific (SEQ): Names P.V. Raghavendra Rao as CFO from July 25
- Tata Steel (TATA): Dutch Sign Letter of Intent With Tata Steel on CO2 Reduction
- TVS Motor Co (TVSL): To consider private placement of bond on July 28