• Billionaire Birla Quits as Chair of Troubled Vodafone India Unit
• Largest Indian Bank Surges to Record on Biggest-Ever Profit
• India Sugar Mills Ask Govt to Continue Export Subsidy Next Year
• HPCL Readying Mumbai, Vizag Plants to Run at Full Capacity
• India Cumulative Monsoon Rainfall 2% Below Normal on Aug. 4
• BRICS 2Q GDP Forecast Steady in Past Week; India Seen at 19.1%
• Boeing 737 Max Heads to China for Key Test to End Flight Ban
• Gold Pares Gains After ISM Report, Comments From Fed’s Clarida
• Global Funds Buy Net INR28.3B of India Stocks Wednesday: NSE
o Domestic funds sell net 4.11b rupees of stocks,
• Foreign Investors Buy Net INR21B of Indian Equities on Tuesday
• Foreigners Sell Net INR40.3B Indian Equity Derivatives Wednesday
• Parliament passes bill to amend Airports Economic Regulatory Authority Act: PTI
• Rajya Sabha passes DICGC amendment bill: PTI
• Billionaire Jhunjhunwala’s Airline Gets India Initial Nod: CNBC
• Adani Total Gas (ATGL): 1Q net income 1.43b rupees vs. 389.1m y/y; revenue 5.22b vs. 2.1b y/y
• Apollo Tyres (APTY): 1Q net income 1.28b rupees vs. loss 1.35b y/y, est. 1.44b
• Dr. Reddy’s (DRRD): BioDelivery Sciences entered into an agreement with Dr. Reddy’s to acquire the U.S. and Canadian rights to ELYXYB for $6m upfront payment, plus $9 million
• Hindalco Industries (HNDL): Unit Novelis 1Q net from cont. ops., ex. items $260m vs $22m; net sales up 59% y/y to $3.9b
• Hindustan Petroleum (HPCL): 1Q net income -36% y/y to 17.95b rupees, beats est. 14.7b; revenue +69% y/y to 773.1b
• Prakash Industries (PKI): Wins Bhaskarpara coal mine in India auction
• Reliance (RIL): To double PET recycling capacity with new Andhra plant
• Shipping Corp of India (SCI): Approvesdemerger of non-core business; SCI shareholders to get 1 share of spun off company for each held
• State Bank of India (SBIN): Sees FY22 Credit Growth at 9%; to Keep Slippages Within 2%: Chairman Khara Says
• Titan (TTAN): 1Q net income 610m rupees vs. loss 2.70b y/y, est. loss 112.4m
• Vodafone Idea (IDEA): Kumar Mangalam Birla to Step Down as Chairman
By: via @AlliesFin Serve Stock Market
