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• EU to Pursue Trade Deal With India to Reduce Its Ties to Russia
• India Wants to Be Strong Friends With the West, Minister Says
• Johnson Sparks Outrage in India With Bulldozer Photo Shoot (1)
• India Finance Chief Says Economy ‘Sound,’ Inflation ‘Manageable’
o IMF this week predicted India GDP growth of 8.2% in 2022
• China Must Be Treated as Equal Sri Lanka Creditor, India Says
• India’s 3-Mo Russia Oil Purchases Same as Europe in an Afternoon
• India’s Puri: States Need to Cut Taxes to Reduce Fuel Prices
• ICICI Bank’s Profit Tops Estimates as Bad Debt Drop, Loans Grow
o Bank stepped up credit growth substantially in recent qtrs
• Ambani Scraps $3.2 Billion Deal That Set Up Clash With Bezos
o Some lenders to Future vote against Indian mogul’s plan
• ‘Big Blow’ to Cooking Oil Threatens Food Prices, Grocery Shelves
• India’s Rate-Setting Panel Makes a Hawkish Pivot, Minutes Show
• Zinc’s Rally Spurs Rare Move by Indian Miner to Hedge Output
o Hindustan Zinc locks in prices for some of its production
• The Diamond World Is Scrambling to Keep Buying Russian Gems
• Ola Recalls an E-Scooter Batch to Boost Consumer Confidence
• Top India Bullion Refiner Forays Into Silver for Industrial Use
• India Official Reserves Drop to Lowest Since May
• Forwards Point to Tighter EM Policy Rates: Weekly Chart Pack
• Global Funds Sell Net INR24.6B of India Stocks Friday: NSE
o Domestic funds buy net 16b rupees of stocks
• Foreign Investors Sell Net INR6.02B of Indian Equities Thursday
• Foreigners Sell Net INR1.96B of Indian Equity Derivatives Friday
• HDFC Bank (HDFCB): Board Approves Dividend of INR15.5/Share
• ICICI Bank (ICICIBC): 4Q Net Income +59% Y/y to 70.2b Rupees, Beats Est. 63.5b; Provisions -47% q/q to 10.7b; Gross NPA 3.6% vs. 4.13% q/q
• ITC Ltd (ITC): Puri Says Value Creation Need Will Decide ITC’s Demerger Plans
• Tata Motors (TTMT): Says Hikes Passenger Vehicle Prices to Offset Cost Rise
• Tata Steel (TATA): Tata’s Narendran: See Higher Steel Prices This Decade vs Last; Sees Strong Demand for Steel Outside China
• Torrent Power (TPW): To Buy Out Sunshakti Solar; EV INR4.17b
By: via @AlliesFin Serve Stock Market
