@AlliesFin
*Good Morning*
• India Extends Nationwide Lockdown for Two Weeks From May 4
• Modi Meets Ministers to Finalize Steps to Revive Indian Economy
• RBI, Banks Discuss Credit Flow to Businesses Post India Lockdown
• India Redemptions in Credit Risk Fund Tumble, AMFI Says
• India to Run Special Trains to Help Stranded People Reach Home
• India March Key Industries’ Output Falls 6.5% Y/y
o Coal rose 4% y/y; Steel fell 13% y/y
• Zero Sales: Indian Carmakers Have a Month Like Never Before
• Asia’s Richest Man Seeks to Prove Debt Plan Skeptics Wrong
• Reliance’s Profit Plunges as Oil Rout Hits Refining Business
• Reliance Says Gas Production From KG-D6 Likely to Start by June
o After Facebook Deal, Jio Platforms To Sell Another 10%: BQ
• Unilever India’s Sales Volumes Drop on ‘Unprecedented’ Virus Hit
• Hindustan Unilever Says Difficult to Estimate Market Growth
• India MCX to Hold Auction for Settlement of Crude Oil Contracts
• Cotton Stockpiles in India to Hit 30-Year High on Textile Slump
o Bearish scenario seen continuing for next 6-9 months
• India’s Competition Regulator Approves Reliance, BP Fuel Venture
o CCI Approves Acquisition of Less Than 5% in Intas Pharma
o Tech Data Acquisition by Tiger Midco Gets CCI Approval
• India RBI Purchases $4 Billion of Debt in Week Ended April 24
• Forex Reserves Fell $0.1b to $479.5b in Week Ended April 24
• India’s RBI Cancels License of CKP Co-operative Bank
• Byju’s in Talks to Raise $400m at $10b Valuation: TechCrunch
• India Court Adjourns Motilal Oswal Case Against MCX to June
• Global Funds Buy Net INR19.7B of India Stocks April 30: NSE
o Domestic funds buy net 5.79b rupees of stocks: NSE
• Foreign Investors Buy Net INR7.85B of Indian Equities April 29
• Global Oil Demand Starts a Long, Painful and Uncertain Recovery
• Foreigners Buy Net INR26.9B of India Equity Derivatives April 30
• Billions Sought for Vaccine; BOE Sets Rates: Week Ahead May 2-8
• Five security personnel including Colonel, Major killed in encounter with terrorists in north Kashmir: PTI
• India May GuaranteeUp To 100% of Small Business Loans: Reuters
• India May RaiseUp to INR100B via Tax-Free Bonds: Economic Times
• Lockdown In Maharashtra To Be Lifted Zone-Wise: Thackeray: PTI
• Adani Ports- Andhra Pradesh Deal For Bhavanapadu Port Called Off: PTI
• 10:30am: Markit India Manufacturing PMI for April, prior 51.8
• Asian Paints (APNT): Forays Into Hand, Surface Sanitiser Segment
• AU Small Finance Bank (AUBANK): Plans to raise 25b rupees in share sale via QIP
• Blue Star (BLSTR): Approves raising up to INR5b via bonds
• Cadila Healthcare (CDH): Says Zydus gets U.S. FDA tentative nod to market type 2 diabetes drugs
• Cipla (CIPLA): Co.’s Ugandan unit starts antiretroviral exports to S. Africa
• Coal India (COAL): Says April shipments fall 25.5% as lockdown erodes demand
• Hindustan Unilever (HUVR): 4Q net income -1.3% y/y to 15.2b rupees, revenue -9.4% y/y to 88.9b; To pay 14 rupees/share as dividend
• ICICI Lombard General (ICICIGI): 4Q net income 2.82b rupees, net premium written 24.3b
• Laurus Labs (LAURUS): To split each share into five; 4Q net income 1.1b rupees vs 431.8m y/y
• Mahindra & Mahindra (MM): Says no vehicles sold in domestic market in April
• Maruti Suzuki (MSIL): Says Had Zero Sales in Domestic Market in April
• New Delhi Television (NDTV): Says gets govt notice for income tax reassessment
• Prataap Snacks (DIAMOND): Says resumes manufacturing operations
• Polycab India (POLYCAB): To buy out Trafigura’s 50% stake in Ryker Base for $4m
• Reliance Industries (RIL): 4Q net income -39% y/y to 63.5B rupees, est. 104.06b; 4Q revenue -2.1% y/y to 1.39 trillion
o Reliance Rights Share Issue to Total 531.3B Rupees
• Reliance Infrastructure (RELI): Defaults INR410m payment due to Yes Bank April 1
• Sagar Cements (SGC): Says to restart operations at two plants in India May 3-4
• Security & Intel Services (SECIS): Report 4Q loss39.1m rupees vs profit of 723.5m y/y; revenue +13% y/y to 22b
• Sobha (SOBHA): Says manufacturing units have starte
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