Monday 7 February 2022

@AlliesFin Serve Stock Market's Post

*Business News Headlines*

*Economic Times*

Ø SBI lines up 6 NPA accounts for sale to ARCs to recover dues of Rs 406 cr
Ø Lenders plan open bidding for Future Retail if RIL, Amazon's revival plan fails
Ø FPIs net sellers at Rs 6,834 cr in Feb so far
Ø Sebi should hear companies' views on splitting CMD roles, says FM Nirmala Sitharaman
Ø SBI Q3 profit surges 62% to ₹8,432 crore
Ø Cogent E-Services files draft papers with Sebi to mop-up funds via IPO
Ø Volkswagen does not see chip shortage ending this year
Ø Maruti expects production activity to pick up in Q4 as chip supply improves
Ø IPO-bound LIC ropes in 6 independent directors on its board
Ø Tata Power, resurgent outbid others for Southeast UP Power
Ø Crypto exchanges to brief policymakers on TDS tangles
Ø Worst of the semiconductor crisis may not be over: Bosch

*Business Standard*

Ø RBI postpones MPC meet to Feb 8 as Maharashtra declares public holiday
Ø Costlier oil and subsidy fall likely to hit consumption in FY23
Ø Confusion in the crypto universe: Budget leaves many unanswered questions
Ø Godrej Properties expects Jan-Mar to be best-ever qtr for sales bookings
Ø Adani Group forms new subsidiary to set up data centre in Mumbai
Ø Bank of Baroda Q3 net profit doubles to Rs 2,197 cr on lower provisions
Ø IndusInd initiates insolvency process against Zee Entertainment
Ø CCI penalises 7 entities for bid-rigging in tender related to SBI signage
Ø Cognizant to hire 50,000 freshers in CY22; highest ever for the company
Ø Kalrock-Jalan group in rush to revive Jet Airways ahead of March deadline
Ø Private capex may start picking up by end of next fiscal, says India Inc
Ø Budget 2022: Gati Shakti to take states on board, says DPIIT Secretary

*Financial Express*

Ø Stock holding limits on edible oil, oilseeds till June now
Ø Sensex may hit 1,00,000 in 5 years or less, says Jefferies’ Chris Wood; sees strong macro growth
Ø Centre to bring ATF inclusion in GST for discussion in next Council meet: FM Nirmala Sitharaman
Ø Rs 60,000 crore from LIC IPO built into FY22RE disinvestment receipt
Ø German economy shrank 0.7% in fourth quarter amid Covid-19 resurgence
Ø LIC listing being fast-tracked: Dipam secretary Tuhin Kanta Pandey
Ø Vedant Fashions fixes IPO price band at Rs 824-866, looks to raise Rs 3,149 crore
Ø DPIIT to soon approach Cabinet on FDI proposal for LIC: Secretary
Ø ATF price hiked by 8.5%; touches all-time high
Ø Govt prepared to deal with any global development: FM Sitharaman
Ø FPIs net sellers at Rs 6,834 cr in Feb so far
Ø Cogent E-Services files draft papers with Sebi to mop-up funds via IPO
By: via @AlliesFin Serve Stock Market

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*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...