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• India Consumer Price Inflation Rises, Adds to Rate Pressure
o India Dec. Consumer Prices Rise 5.59% Y/y, Est. +5.80%
o India Nov. Industrial Production Rises 1.4% Y/y, Est. +2.8%
• India’s RBI Urged by Banking Association to Ease Bad Loan Rules
o Lenders are asking for a 12-month restructuring extension
• TCS Profit Misses Estimates as Staff Costs Rise Amid IT Boom
• Infosys Again Raises Sales Forecast on Robust IT Demand
o Infosys Approves INR32.5M Stock Incentive to CEO Parekh
• India’s SPR Operator Empties Out an Oil Cavern for Refiner MRPL
• Bangladesh to Import 90,000 Tons of Diesel From India
• India Said to Seek $203 Billion Value for Insurer in Biggest IPO
o State- run LIC’s initial share sale is planned by end-March
• Mercedes- Benz to Sell Locally-Made Electric EQS in India in 2022
• Silicon Valley VC Firm Owl Raises $1 Billion for EdTech Bets
• EM Day Ahead: NATO-Russia Council Meeting; Russia, India CPI
• Global Funds Sell Net INR10b of India Stocks on Wednesday: NSE
o Domestic funds buy net 13.3 billion rupees of stocks
• Foreign Investors Buy Net INR4.03B of India Equities on Jan. 11
• Foreigners Buy Net INR18.2b Indian Equity Derivatives Wednesday
• Sri Lanka Downgraded as it Eyes Loan From China to Service Debt
• U.S. Inflation Hits 39-Year High of 7%, Sets Stage for Fed Hike
• Adcon Capital (ADCS): To consider stock-split, rights issue on Jan. 21
• Infosys (INFO): 3Q net income +12% y/y to 58.1b rupees, beats est. 57.28b; revenue +23% y/y to 318.7b; sees revenue +19.5% to +20%
• Kotak Mahindra Bank (KMB): To cap founders’ voting right at 26%
• Mindspace Business Parks (MINDSPCE): To consider raising up to INR5B in debt
• Nazara Technologies (NAZARA): To consider preferential issue of shares Jan. 17
• Sandhar Technologies (SANDHAR): Says applied for PLI Scheme for auto sector
• Tata Consultancy (TCS): 3Q net income +12% y/y to 97.7b rupees, misses est. 99.88b; Announces INR180b buyback at INR4,500/share
• Tata Motors (TTMT): Says unit JLR 3Q retail sales decline 37.6% y/y; See chip supply improving
• Titagarh Wagons (TWL): Buys land, infrastructure of Precision Shipyard
• Wipro (WPRO): 3Q net income 29.7b rupees, misses est. 30.26b; revenue +30% y/y to 203.1b; sees sequential growth of 2.0% to 4.0%
By: via @AlliesFin Serve Stock Market
