Friday 7 May 2021

@AlliesFin Serve Stock Market's Post

Economic Times



Business Standard

Ø Credit Suisse cuts FY22 GDP forecast to 8.5-9%

Ø IMF to revisit growth forecast for India due to surge in COVID-19 cases - spokesman

Ø PSBs will only lead bad bank, pvt banks also need to support it: SBI MD

Ø Majority of SMEs qualify for restructuring says Crisil

Ø Chinese airlines agree to resume drug imports to India

Ø Adani Transmission plans Rs 4,500 crore capex in FY22



Ø About 3,400 rated firms eligible for recast under fresh rules: Crisil

Ø Hero MotoCorp Q4 net rises 39% to Rs 865 cr, declares final dividend of Rs 25

Ø Patent waiver in WTO to enable timely availability of Covid vaccines: Govt

Ø US weekly jobless claims fall more than forecast to fresh 13-month low

Ø ArcelorMittal Nippon Steel India EBITDA up nearly 3x at $403 mn in Q1

Business Line



Mint

Ø ‘Ageas may up stake in Federal Life to 74%’

Ø UK-India ETP is a critical stepping stone to enhance trade:Richard Heald

Ø India, EU to launch talks on investment protection, GIs

Ø Mahindra Group to set up mobility design centre in UK

Ø Sundram Fasteners posts highest-ever net of ₹130 crore in March quarter

Ø Raymond stitches a profitable Q4



Ø Axis AMC eyes to collect ₹1,500-cr from global innovation fund of funds

Ø Pfizer-BioNTech can supply 3 billion vaccine doses this year

Ø Oil PSUs to set up medical oxygen plants at 100 locations

Ø Nirma Group’s cement arm Nuvoco Vistas Corp. files papers for Rs5,000 cr IPO

Ø IDFC MF changes name of dynamic equity fund to balanced advantage

Ø Centre gives tax concession to five SWFs

Financial Express



Business World

Ø COVID second wave can hit energy demand in April-June quarter: Report

Ø Netherland’s SHV buys Neev’s stake in SunSource Energy

Ø Cognizant Q1 net up 37.6 pc to $505 million; expects to log 7-9% revenue growth in FY2021



Ø Rupee Rises 13 Paise To Settle At 73.78 Against US Dollar

Ø Sensex, Nifty Rise For 2nd Day; Auto, IT Stocks Take Charge
By: via @AlliesFin Serve Stock Market

AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

*India Daybook – Stocks in News* *Kirloskar Oil:* Net profit up 86.1% at ₹146.8 cr vs ₹78.9 cr (YoY) Revenue up 20% at ₹1,660 cr vs ₹1,383...