• India Inflation Breached Ceiling, But ‘Not So Badly’: Sitharaman
• India Risks Power Outages as High Temperatures Boost Coal Demand
o State-run miner Coal India producing at record levels in April
• IMF Slashes Growth Outlook on Russia Invasion, China Lockdowns
o Inflation may pressure central banks to tighten more quickly
o IMF’s Asian Economies GDP, CPI, Unemployment Forecasts
• India Pegs 2021-22 Sugar Exports at 9.5M Tons
• Emissions-Heavy Steel Giant in India Plans Switch to Green Debt (1)
• Russia Seeks Medical Equipment From India as War Disrupts Trade
• Top Indian Judge Rues Bureaucracy Bogging Down Bankruptcy Deal
• Reliance Jio Loses Net 3.66m Mobile Clients in Feb.: TRAI Data
o Bharti Airtel Adds Net 1.6M, Vodafone Idea Loses 1.5M
• EU’s President Von Der Leyen to Travel to India This Week
• RBI Release Additional Disclosure Requirement for NBFCs
• Amazon, Reliance, Sony Vying for India Cricket Broadcast Rights
• Global Funds Sell Net INR58.7B of India Stocks Tuesday: NSE
o Domestic funds buy net 39.8b rupees of stocks
• Foreign Investors Sell Net INR64.8B of India Equities on Monday
• Foreigners Buy Net INR31.9B of India Equity Derivatives Tuesday
• Pakistan Names Ismail as New Finance Minister Ahead of IMF Talks
• Sri Lanka, India Revive Talks to Link Electric Grids: Reuters
• IMF pegs ‘fairly robust’ 8.2% India growth in 2022: PTI
• Kenyan envoy seeks investment from India: PTI
• ACC (ACC): 1Q Net Income -30% Y/y to 3.92b Rupees, Est. 3.96b; Revenue +3.2% Y/y to 44.3b
• Bajaj Electricals (BJE): Partners with wtec for smartengine intelligent building technology
• Escorts (ESC): To Increase Tractor Prices from April 20
• L&T Infotech (LTI): 4Q Net Income +17% Y/y to 6.37b Rupees, Meets Est. 6.31b; Revenue +31% Y/y to 43b; Dividend 30 Rupees/Shr
• Mahindra Lifespace (MLIFE): Says Unit World City Dev. Got Tax Demand of INR1.02b; Unit to Contest Tax Demand at Judicial Forum
• Punjab & Sind Bank (PJSB): Reports Srei Infra Bad Loan as ‘Fraud’
• Reliance Industries (RIL): Says Jiofiber Postpaid Users to Get OTT Subscriptions for INR100-200/Month; Users Can Get Access to 14 OTT Apps; Ambani’s Reliance to Take 51% in Abu Jani Sandeep Khosla
• VRL Logistics (VRLL): To Sell Wind Power Undertaking to Ratna Cements for INR480m
By: via @AlliesFin Serve Stock Market
