• India Gets $18.2B Worth Bids on 1st Day of Phone Airwave Auction
• IMF Cuts World GDP Outlook a Third Time as Inflation, Rates Jump
o IMF World Economic Outlook Update: Projections Summary (Table)
• Larsen & Toubro Misses Profit Estimate on Lofty Input Costs
• India CCI Clears Axis Bank’s Purchase of Citi’s Local Retail Ops
• India Said to Allow Bidders to Buy More Than 40% of IDBI Bank
• India Fuel Duty Cuts to Cost 1 Trillion Rupees, Sitharaman Says
• India Said to Allow Bidders to Buy More Than 40% of IDBI Bank
o Finance ministry expects to close the deal by March 2023
• India Defence Panel Approves INR287.3B Arms Purchase Proposals
• CCI Nod for Blackrock, Mubadala buying Tata Power Renew Stake
• JSW Energy Gets Court Approval to Buy Distressed Power Project
• Credit Suisse Raises India Bond View on Easing Rate-Hike Bets
• India Cumulative Monsoon Rainfall 11% Above Normal as of July 26
• Bajaj Finance to Report Results; Shares Down 10.6% YTD: Preview
• Maruti May See Lower Profit on Costs, Supply Snarls: Preview
• Tata Motors to Report Results; Shares Down 7.8% YTD: Preview
• India Top Oil Explorer Signs Pact for Green Hydrogen
• Global Funds Sell Net INR15.5B of India Stocks on Tuesday: NSE
o Domestic funds buy net 9.99b rupees of stocks
• Foreign Investors Sell Net INR5.75B of Indian Equities on Monday
• Axis Bank (AXSB): India CCI Clears Axis Bank’s Purchase of Citi’s Local Retail Ops
• JSW Energy (JSW): Gets Court Approval to Buy Distressed Power Project
• Larsen & Toubro (LT): 1Q net income +45% Y/y to 17.02b rupees, est. 17.33b, revenue +22% to 358.5b; new orders added 418.05b, order book at 1Q end 3.63t rupees
• Oil & Natural Gas Corp (ONGC): Signs accord with Greenko Zero for green hydrogen operations
• Piramal Enterprises (PIEL): Says gets RBI certificate for NBFC operations
• Sanofi India (SANL): 2Q Net Income 1.2B Rupees Vs. 1.78B Rupees Y/y; to pay INR193/share special dividend
• Shoppers Stop (SHOP): 1Q net income 228.3m rupees vs. loss 1.05b Y/y; Revenue 9.48b vs. 2.05b
• South Indian Bank (SIB): 1Q Net Income 1.15B Rupees vs. 103.1m Y/y, Provisions +79% q/q to 1.39b; Gross NPA 5.87% vs. 5.9% q/q; order book at 1Q end 3.63t rupees
• Tata Power (TPWR): 1Q net income 7.95b rupees vs. 3.91b Y/y, beats est. 4.61b; revenue +43% to 145b
• Wipro (WPRO): Says Nokia extends strategic partnership with Co., in 5-years deal with Nokia for business services, support
• United Spirits (UNSP):1Q Net Income 2.1b rupees vs. 691m Y/y, beats est. 1.86b; revenue +14% to 68.8b
• UTI AMC (UTIAM): 1Q Net Income 944.1M Rupees Vs. 1.55B Rupees Y/y
• Zydus Lifesciences (ZYDUSLIF): Gets final approval for Bisoprolol Fumarate tablets
By: via @AlliesFin Serve Stock Market
