NaMaste !!
*Good Morning*
• Mahindra Unveils Five Electric SUVs to Fast Track EV Shift
• Ola Founder Plans Locally Produced Electric Car by 2024 (1)
• Modi Vows to Fight Dynastic Power in Independence Day Speech
• Beijing Asks New Delhi to Reiterate ‘One China’ Principle
• India Says US Raised Concern Over Processed Russian Oil Shipment
• Coal Giants Are Making Mega Profits as Climate Crisis Grips the World
• Gold Drops With China’s Slowdown and Fed Rate Path in Focus
• Russia to Complete S_400 Shipment to India by End-2023: IFX
• Top India Oil Producer’s Profit Soars as Energy Prices Jump (1)
• India Rice Crop Suffers Setback as Patchy Rains Reduce Plantings
• China Tripled Lithium Carbonate Imports in June: BNEF Chart
• India July Inflation Cools, Easing Pressure for Steep Hikes (1)
o July Consumer Prices Rise 6.71% Y/y, Est. +6.75%
• India June Industrial Production Rises 12.3% Y/y, Est. +10.3%
• India Cumulative Monsoon Rainfall 8% Above Normal as of Aug. 14
• Indian Billionaire- Investor Rakesh Jhunjhunwala Dies at 62 (2)
o Veteran equity market investor was a self-made trader
• Anshu Jain, Deutsche Bank Chief in a Pivotal Era, Dies at 59 (2)
o Executive joined Cantor Fitzgerald as president in 2017
• India CCI Approves Adani’s Acquisition of Ambuja Cements, ACC
o CCI clear IIFL stake acquisition indirectly by ADIA
• HDFC Bank-HDFC Planned Merger Wins India Antitrust Approval
• India’s FX Reserves Fall $897m to $573.0b in Week to Aug. 5
• India ED Freezes $46.5M of Crypto, Bank Balances at Flipvolt
• Torrent Power and Sembcorp in Race to Buy Vector Green Energy
• India’s Sensex Posts Longest Run of Weekly Gains Since January
• Europe in Prelim. Talks With SpaceX on Use of Launchers: Reuters
• Russia Is Using CNY, INR, RUB in Arms Payments: Interfax
• RBI shut Tuesday for local bank holiday
• ACC (ACC): India CCI Approves Adani’s Acquisition of Ambuja Cements, ACC
• Apollo Tyres (APTY): 1Q Net Income +49% Y/y to 1.91b rupees, beats est. 1.31b; revenue +30% to 59.4b
• Astral (ASTRA): 1Q Net Income +20% Y/y to 889m rupees, misses est. 969.9m; revenue +73% to 12.1b
• Dilip Buildcon (DBL): 1Q Net Income 198M Rupees Vs. 270.2M Rupees Y/y
• HDFC Bank (HDFCB): HDFC Bank-HDFC Planned Merger Wins India Antitrust Approval
• Hero MotoCorp (HMCL): 1Q net income +70 % Y/y to 6.2b rupees, misses est. 7.66b; revenue +53% to 83.9b
• Honeywell Automation (HWA): 1Q net income 1.02b rupees, revenue 7.86b
• Indiabulls Real Estate (IBREL):1Q net loss 519.6M rupees vs. profit 47.6m Y/y; revenue -71% to 1.52b
• Jindal Steel (JSP): Jindal Steel Says Jha Replaces Sharma Who Completes His Term
• JK Cement (JKCE): 1Q net income 1.81b rupees, est. 1.65b; revenue 21.7b vs 16.3b
• Muthoot Finance (MUTH): 1Q net income 8.02b rupees, misses est. 9.87b; revenue -8% to 25b
• Piramal Enterprises (PIEL): NCLT approves company’s pharma operations demerger
• Restaurant Brands Asia (RBA): 1Q net loss -49% Y/y to 227.4m rupees; revenue 3.37b vs. 1.5b
• State Bank of India (SBIN): To Raise MCLR Lending Rates 20 Bps Across Tenors Aug. 15
• Sun TV (SUNTV): 1Q net Income +26% Y/y to 4.92b rupees, beats est. 4.59b; revenue +47% to 11.9b
• Tata Motors (TTMT): Jaguar Land Rover Canada, Siriusxm Extend Services Pact to 2027
• Thermax (TMX) Says incorporated new unit Thermax Bioenergy Solutions Pvt
• Zee Entertainment (Z): 1Q net income -50% Y/y to 1.07b rupees, misses est. 2.13b
By: via @AlliesFin Serve Stock Market
