• Australia, India, Japan Launch Supply Chain Alliance
• Soaring Oxygen Demand Makes Indian Tycoon Cut JSW Steel Output
• Axis Bank Profit Tops Estimate as Bad Loan Provisions Fall
• Bajaj Finance’s Net Income Meets Estimates on Lower Expenses
• India Top Carmaker Maruti’s Profit Narrows as Covid Hits Demand
• Philippines to Ban Travelers From India, Duterte Spokesman Says
• Global Funds Sell Net INR14.55B of India Stocks on Wednesday: NSE
o Domestic funds buy net 14.6b rupees of stocks
• Foreign Investors Sell Net INR10.55B of India Equities on April 26
• Foreigners Buy Net INR29.04B of India Equity Derivatives Tuesday
• ADB provides $1.5b to India to deal with Covid-19: PTI
• Army Chief Gen Naravane visits eastern Ladakh and Siachen: PTI
• ABB India (ABB): 1Q net income 1.41b rupees vs. 646.4m rupees y/y, beats est. 933m
• Axis Bank (AXSB): 4Q net income 26.8b rupees vs. loss 13.9b y/y, beats est. 19.1b; Provisions 32.9b; Gross NPA 3.7% vs. 3.44% q/q
• Bajaj Finance (BAF): 4Q net income 13.5b rupees Vs. 9.48b Y/y
• Bank of India (BOI): Board meet on April 30 to discuss capital raising plans
• Britannia Industries (BRIT): 4Q net income -3% y/y to 3.64b rupees, misses est. 4.17b
• HDFC AMC (HDFCAMC): 4Q net income +26% y/y to 3.16b rupees, misses est. 3.53b
• Info Edge (INFOE): To SellUp to INR7.5B Stake in Zomato’s Planned IPO
• Lupin (LPC): Ligand, Lupin Settle Patent Suit on Evomela Cancer Drug
• Nippon Life India (NAM): 4Q net income 1.67b rupees, est. 1.57b
• PNB Housing (PNBHOUSI): 4Q net income 1.3b rupees vs loss 2.63b rupees y/y
• Syngene (SYNG): 4Q net income 1.61 billion rupees, +34% y/y, estimate 1.21 billion; 350 million rupees exceptional gain
• TVS Motor (TVSL): 4Q net income 2.89b rupees vs. 738.7m rupees y/y, beats est. 2.21b
• United Breweries (UBBL): 4Q net income 967.6m rupees vs. 411.9m y/y, misses est. 1.39b
By: via @AlliesFin Serve Stock Market
