@AlliesFin
• RBI Executive Director Rao Named Central Bank’s Deputy Governor
• India Approves E-Bidding for Discovering Natural Gas Prices
• India Power Emission Rules Should Spare Clean-Air Areas: CEA
• India to Buy 12.5 Million Cotton Bales from Farmers in 2020-21
• Indian IT Giant Tata Unveils Share Buyback of Up to $2.2 Billion
• TCS Says Demand Recovery Happening Earlier Than Expected
• India NHAI Awarded INR472.89b Highway Contracts in April-Sept.
• Largest Indian Lender’s New Chairman to Focus on Asset Quality
o Safety of staff, financing to virus-hit firms also a priority
• Court Asks If India Will Appeal Vodafone Tax Arbitration Ruling
• Netflix Wins India Legal Battle on Rogue Billionaires Series
• Global Funds Buy Net IN10.9B of India Stocks on Wednesday: NSE
o Domestic funds sell net 11.3b rupees of stocks
• Foreign Investors Buy Net INR10.6b of Indian Equities on Oct. 6
• Foreigners Sell Net INR2.22B Indian Equity Derivatives Wednesday
• India Recognizes Need For Further Stimulus At An Appropriate Time: Sanjeev Sanyal: PTI
• Cabinet approves ratification of Stockholm Convention, bans 7 hazardous chemicals: PTI
• Cabinet approves cyber security pact between India, Japan: PTI
• Revival of economy post Covid lockdown
• Bandhan Bank (BANDHAN): Says 2Q loans & advances up 20% y/y at INR767.2b while total deposits up 34% y/y to INR661.5b
• CG Power (CGPOWER): Says total default amount at INR11.93b end-Sept.; total finncial indebtedness at INR30.04b
• Hero MotoCorp (HMCL): Introduces new version of Maestro Edge 125 scooter
• Maruti Suzuki (MSIL): Sept. output 166,086 unit vs 132,199 y/y
• RBL Bank (RBK): Says gross advances drop 3% Y/y to INR572.95B end-Sept.
• Tata Consultancy (TCS): 2Q net income -7% y/y to 74.75b rupees, misses est. 78.38b; also 2Q operating income misses Est.
• Wipro (WPRO): To consider proposal for buyback of its shares on Oct. 13
By: via @AlliesFin Serve Stock Market
