Namaste !!
• Blackstone Said to Launch $400 Million Sona Comstar Stake Sale
o US firm selling stock at 7.2% discount to Wednesday’s close
• India Sees Domestic Coal Output Rising 16% Y/y in FY23
• Coal Ministry Signs 16 Pact with Successful Bidders of Coal Mines
• Goldman- Backed ReNew Secures $1 Billion Loan for India Project
o Firm to use loan for round-the-clock generation project
• China to Take Part in Military Exercise in Russia with India
• Akasa Has Strong Financials for Bigger Plane Order in 18 Months
• India to Switch INR150B of Shorter Debt to Longer on Aug 22
• India Cumulative Monsoon Rainfall 10% Above Normal as of Aug. 17
• BRICS 2Q GDP Forecast Steady in Past Week; India Seen at 14.3%
• Global Funds Buy Net INR23.5B of India Stocks Wednesday: NSE
o Domestic funds sell net 5.1b rupees of stocks
• Navies of India, Malaysia resolve to work jointly in Indian Ocean region: PTI
• India supplies nearly 60% of vaccines used worldwide, FM: PTI
• Bharti Airtel (BHARTI): Adds net 793,132 mobile subscribers in June: TRAI
• GAIL India (GAIL): Approves raising up to INR250b via rupee borrowing and up to $3.13b in foreign currency
• Kilburn Engineering (KEL): RBL Bank (RBK) sold 2.2m shares of KEL in two blocks: BSE
• Natco Pharma (NTCPH): Gets tentative U.S. FDA approvals of ANDA for Trabectedin
• Oil & Natural Gas Corp (ONGC): Signs Agreement With ExxonMobil for Deepwater Exploration
• Reliance Industries (RIL): Jio adds net 4.22m mobile subscribers in June: TRAI
• Vodafone Idea (IDEA): Loses net 1.8m mobile subscribers in June: TRAI
By: via @AlliesFin Serve Stock Market
