NaMaste!!
*Good Morning*
• India Plans Contentious Law to Cut $75 Billion Utility Debt
• Indian Households Expect Inflation to Moderate, Says RBI Survey
• India Keeps Hawkish Stance After Delivering Half-Point Hike
• Indian Fuel Sellers Post Big Losses to Shield Customers
• Fintech Firm Paytm’s Quarterly Loss Widens Almost 70% on Costs
• India to Allow More Sugar Exports to Avoid Contract Defaults
• Sugar Futures Post Weekly Gain on Shrinking Brazilian Crop
• India Proposes Antitrust Law Revamp To Tighten Deals’ Scrutiny
• Binance CEO Denies Owning India’s Top Exchange Amid Asset Freeze
• UK Auto-Capital Mayor Wants India to Rev Up Motorcycle Industry
• India Official Reserves Rise After Four Weeks of Decrease
• Adani Ports to Report Results: Preview
• Bharti Airtel May Post Record Profit After Tariff Hike: Preview
• Global Funds Buy Net 16.1B Rupees of India Stocks Aug. 5 : NSE
o Domestic funds sell net 4.96b rupees of stocks
• Foreign Investors Buy Net INR17.3B of India Equities on Aug. 4
• Foreigners Sell Net INR6.16B of Indian Equity Derivatives Aug. 5Fails
• Affle India (AFFLE): 1Q net income +53% Y/y to 545.3m rupees, beats est. 517.5m; revenue 3.47b rupees vs. 1.52b
• Amara Raja Batteries (AMRJ): 1Q net income +5.6% Y/y to 1.31b rupees, est. 1.17b; revenue +39% to 26.2b
• Bharat Petroleum (BPCL): 1Q net loss 62.9B rupees, est. loss 22.9B; revenue +54% to 1.38T
• Coal India (COAL): To Seek Shareholders’ Approval for New Businesses; Plans Foray Into Lithium, Hydrogen, Battery Storage, Says in Annual Report
• Engineers India (ENGR): 1Q group net profit 648.1m rupees vs 26.8m Y/y; revenue 8.15b vs. 7.46b; to enter strategic pact with DEEP.KBB GmbH, for salt cavern projects
• Hindustan Petroleum (HPCL): 1Q net loss 102B rupees, est. loss 49.7B; revenue +57% to 1.21T
• Indian Overseas Bank (IOB): 1Q net income 3.92B Rupees Vs. 3.27B Y/y
• IRB Infrastructure (IRB): 1Q net income 3.63b rupees vs. 719.1m y/y, beats est. 738.2m; revenue +18% to 19.2b
• Mahanagar Gas (MAHGL): 1Q net income -9.3% Y/y to 1.85 billion rupees, beats est. 1.42b; Revenue jump to 15.93b vs. 6.67b y/y
• Marico (MRCO): 1Q net income +3.1% Y/y to 3.71b rupees, +3.1% y/y, estimate 3.69 bil Meets Estimates
• Maruti Suzuki (MSIL): LIC Cut holding in Maruti Suzuki to 4.2% from 6.2% Via market sale
• One 97 Communications (PAYTM): 1Q net loss 6.44B rupees vs. loss 3.8B Y/y; revenue +89% to 16.8b
• Petronet LNG (PLNG): Discussing Renewal of Long-Term Contract With Qatar;Not Expecting Supply Default by Long-Term Suppllier
• State Bank of India (SBIN): 1Q net profit -6.6% Y/y to 60.7b rupees, misses est. 83.9b, Provisions -39% Q/q to 43.9b; Gross NPA 3.91 vs 3.97 q/q
By: via @AlliesFin Serve Stock Market
