Morning updates !!
• India Key Industries’ Output Expands the Most in 13 Months
• Sri Lanka Breaks Into Hyperinflation Zone Amid Dollar Crunch
• India April-May Fiscal Deficit Reaches 12.3% of FY23 Target
• India Banking Sector Health Improves as Bad Loans Hit 6-Yr Low
o Bad loans ratio falls to 5.9% by March, against estimate of 9.8%
o India Consumer Durables Loans Rise to Record in May
• Pret A Manger to Expand Into India With Ambanis’ Reliance Brands
• Blackstone Said to Weigh US Listing of $2 Billion Tech Firm IBS
o IBS Software has filed confidentially for its US share sale
• Keppel Ends Joint Venture to Develop India Residential Project
• India Cumulative Monsoon Rainfall 8% Below Normal as of June 30
• Global Funds Sell Net INR11.4B India Stocks on Thursday: NSE
o Domestic funds buy net 13.8b rupees of stocks
• Foreign Investors Sell Net INR3.09B of India Equities Wednesday
• Ukraine Latest: US to Announce Another $800M in Defense Aid
• 10:30am: S&P Global’s India Manufacturing PMI for June, prior 54.6
• Bharti Airtel (BHARTI): CCI Approves Proposed Deal involving Google International, Bharti Airtel
• Indus Towers (INDUSTOW): Bharti Airtel buys additional 2.06% stake in Indus Towers
• Lupin (LPC): Gets U.S. FDA approval for ANDA Paliperidone ER tablets, a generic of Invega ER pills
• Max India (MAXINDIA): Files petition with NCLT for sanction of Scheme of Reduction of Capital with its shareholder
• Reliance Industries (RIL): Pret A Manger to Launch Operations in India With Reliance Brands
• Union Bank of India (UNBK): Shareholders approve capital raising of about INR81b
By: via @AlliesFin Serve Stock Market
