• India Sticks to First-Half Borrowing, Gives States $10 Billion
• India June Trade Deficit at $9.37b, Est. -$9.400b
o Exports rose 48.34% y/y to $32.5b
o Imports rose 98.31% y/y to $41.87b
• India’s RBI to Publish Financial Inclusion Index Soon, Das Says
• India’s Inflation to Ease in 3Q as Supply Pressures Fade: RBI
• Bankers Invited for IPO ‘Far Larger Than Any Precedent’ in India
• Raw Sugar Gains as Traders Weigh Tighter Indian Supply, U.K. Tax
• India Horticulture Output Seen Rising 2.9% in 2020-21: Ministry
• India Cumulative Monsoon Rainfall 5% Below Normal on July 15
• Global Funds Sell Net INR2.65B of India Stocks on Thursday: NSE
o Domestic funds Buy net 4.39b rupees of stocks
• Foreign Investors Sell Net INR12.2B of Indian Equities on July 14
• Reliance Industries Plans to List Retail, O2C Units: Business Standard
• Sebi moves SC against SAT order on Franklin Templeton: PTI
• Bandhan Bank (BANDHAN): Advances rise 8% y/y to 801.3b as of June 30, total deposits rise 28% y/y at INR773.4b
• Cyient (CYL): 1Q net income +41% y/y to 1.15b rupees, beats est. 1.08b
• Gati Ltd. (GTIC): To sell 69.8% stake in unit Gati Kausar to Mandala Capital
• Indian Oil Corp. (IOC): Co.’s Paradip Refinery hit by glitches, partial shutdown planned
• IRB InvIT Fund (IRBINVIT): Says IRB Pathankot toll road wins arbitration award against NHAI
• L&T Infotech (LTI): 1Q net income +19% y/y to 4.96b rupees, beats est. 4.82b; revenue +17% y/y to 34.63b
• NMDC (NMDC): OFS up to 8.9m NMDC shares to co.’s staff at 165.50 rupees/shr; offer open July 16-18
• Reliance Industries (RIL): Says report on JustDial a media speculations; Reliance evaluates opportunities on an ongoing basis
• Reliance Power (RPWR): Makes pref. allotment of 595m shares and 730m warrants to founder Reliance Infra (RELI) by conversion of its debt
• Sona Blw Precision (SONACOMS): Approves pact with Israel’s IRP Nexus to design motor for electric two-wheelers
• Tata Elxsi (TELX): 1Q net Income 1.13b rupees vs. 688.7m rupees Y/y; revenue 5.58b rupees
• Tata Motors (TTMT): To consider 5b rupees bond issue on July 20
• Wipro (WPRO): 1Q net income +36% y/y to 32.4b rupees, beats est. 28.28b; revenue +22% to 182.5b rupees; Sees 2Q revenue growth 5%-7% Q/q
By: via @AlliesFin Serve Stock Market
