Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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July 15, 2022

• Tax raids aside, it's business as usual for Chinese phone firms
• Capex grew 70% in May, shows govt report
• Bank credit grows by 13.29%, deposits by 9.77%
• Mumbai-Ahmedabad bullet train project gathers steam
• Saudi Arabia lifts ban on Israeli flights amid Biden visit
• Govt revives registration of press and periodicals bill to regulate digital news media industry
• Adani Group to buy land from K Raheja Corp for Rs 1,500 crore
• Florintree buys majority stake in Bangaluru firm Avasarala Tech
• India ad market to grow by $11.1 billion in 2022, to become fastest growing: Report
• Four Dabur brands cross Rs 1,000 crore sales and two over Rs 500 crore
• Cipla to acquire nutritional supplement brand Endura Mass
• MSMEs bounce back with normalising repayments: SIDBI MD Sivasubramanian Ramann
• PNB MetLife announces Rs 594 crore bonus to policyholders for FY22
• Tata Motors hires McKinsey to boost profitability of commercial vehicle business
• REC for selling PFC stake in Co to PGCIL
• Jewellery exports to UAE shine post comprehensive economic partnership agreement
• Jewellery exports to UAE shine post comprehensive economic partnership agreement
• India has found a way towards mass electrification: swap batteries
• India needs $15 billion funding to set up 15 GW hydrogen capacity by 2030: V K Saraswat
• S&P 500, Dow close lower after bank earnings, inflation data
• LIC estimates its embedded value at Rs 5.41 lakh crore as of March 2022
• US inflation outpaces India’s, so why is the dollar still strong?
• Bharti Airtel approves preferential allotment of 7.11 crore shares to Google
• Broadcasters to see muted growth in Q1FY23, analysts say high inflation to impact ad revenue
• Wheels India pegs demand for cast aluminium wheels to grow this year
• Marico expects better demand, margin in H2FY23 on likely cooling of commodity prices
• US Fed in hot spot after inflation spike
• Shapoorji Pallonji Real Estate eyes Rs 400 crore sales from new housing tower in Bengaluru
• Finance Ministry says govt capex may have started crowding in private investment
• India will stop awarding renewable energy projects via e-reverse auctions: MNRE secretary
• Repayment pressure to test banks' loan underwriting quality: Fitch
• Cash-happy private sector awaits demand revival to join government's capex push
• Wholesale price inflation eases to 15.18% in June but stays in double digits, 15 months on
• PE inflows into proptech firms rise to $741 million in 2021: Report
• India-China trade goes up to over $67 billion in first half of the year amid surge in Chinese exports
• Tesla moves to push lawsuit over mass layoffs out of court
• IMF says it expects Ukraine to keep paying debt despite default speculation
• Oil prices climb amid questions over scale of US rate hike
• Clients will relook 2023 tech budgets, we remain cautious: LTI Management
• Rishi Sunak tops second round of voting in race to become UK Prime Minister
• Horticulture output may rise 2% to 342 million tonne in 2021-22: Govt
• Syngene and Zoetis sign a 10-year contract for manufacture of biologics
• Neogen Chemicals: Plutus Wealth Management bought 1.25 lk shares at Rs1300/Sh. (Positive)
• BEML: Gets variation order worth Rs 262cr for 88 MEMU cars. (Positive)
• Cipla: Company signs agreement to acquire Endura Mass. (Positive)
• FMCG Stocks: Palm Oil sell-off continues on surging Indonesian exports and talks of levy cut (Positive)
• Adani Ports: Gadot and Adani Ports win government tender to buy Haifa Port with 4.1 billion shekel bid, Israel Finance Ministry says. (Positive)
• Tata Motors: Company hires McKinsey to boost profitability of commercial vehicle business. (Positive)
• Syngene: The company has signed a 10-year biologics manufacturing agreement with Animal health company, Zoetis. (Positive)
• Borosil Approves preferential issue of 26.62lk shares at Rs 674.52/sh aggregating to Rs.179 cr to HSTG Glasholding Gmb (Positive)
• GTPL: Company reported a net profit of Rs 48.2 crore, 9.1 percent down from Rs 52 crore in the corresponding period last year. (Neutral)
• Vedanta: Board meet on July 19th 2022 for financial result and Will consider 2nd interim dividend (Neutral)
• MRPL: Board to consider fund raise to meet minimum public shareholding (Neutral)
• Tata Elxsi: Rev `725.9cr vs `681.7cr up 6.5% qoq, PAT `184.7cr vs `160cr up 15.4% qoq (Neutral)
• HSCL: To raise Rs 507.9 cr by issuing 7.25 cr warrants at Rs 70. (Neutral)
• LIC: Embedded Value approved at Rs 5.41lk cr as of 31st March 2022, VNB margin March 2022 is 15.1% vs 9.9% yoy (Neutral)
• Angel One: Cons rev from ops `670cr vs `462cr, up 45% yoy, PAT `181cr vs `121cr, up 50% yoy (Neutral)
• Reliance: The conglomerate has partnered with the Athletics Federation of India to support the holistic development of Indian athletes (Neutral)
• ACC: Cons rev from ops `4468cr vs `3885cr up 15% yoy, PAT `227cr vs `569cr down 60% yoy (Negative)
• Tata Steel Long: Rev from ops `1994cr vs `1687cr, up 18% yoy, Loss `331cr vs PAT 331cr yoy. (Negative)