Tuesday 2 August 2022

@AlliesFin Serve Stock Market's Post

*Business News Headlines*

*Economic Times*

Ø Nazara has no margin pressure. We are prioritising growth over margins: Nitish Mittersain
Ø 26-28% margin band in the longer term is TCS’ guiding beacon and gives us confidence: Samir Seksaria
Ø SSBA Innovations files Rs 105 cr IPO papers with Sebi
Ø Many eggs in the same basket helped Vedanta maintain a healthy cash flow and balance sheet: Group CEO
Ø Apollo Tyres expects to meet its target of expanding revenues to $5 billion by FY26
Ø GST collections above 1.4 lakh cr consecutively for five months: FM Nirmala Sitharaman
Ø IMF cuts India’s growth forecast, ups global inflation projection
Ø CCI approves Greenforest New Energies' stake buy in Tata Power Renewable
Ø Bajaj Auto 2-wheeler sales drop by 5 pc to 3,15,054 units in July
Ø Hatsun Agro breaches Rs 2,000 crore sales mark in April-June quarter
Ø Union Bank expects to recover Rs 15,000 crore from bad loans this fiscal
Ø GAIL rationing gas as former Gazporm unit cuts supplies

*Business Standard*

Ø PV sales on upward terrain in July as chip shortage issue improves
Ø Zomato's growing appetite: Moves to multiple-CEO structure for biz
Ø ITC sees broad-based growth, net profit rises 34% to Rs 4,389 crore
Ø 5G spectrum auction ends; RIL emerges top bidder at Rs 88K crore
Ø Piramal Group charts growth path for financial services business
Ø IDBI Bank sale: Clarity on sale glide path for buyers after EoI stage
Ø Property registrations rise 15% in Mumbai municipal area in July
Ø IT companies' margins decline to decade-low of 23.2% in June quarter
Ø 2-wheeler makers accelerate global expansion plans as exports gain traction
Ø JSW Energy targets 10 GW capacity by FY25, acquisitions to fuel growth

*Financial Express*

Ø Indian aviation sector ‘absolutely safe’, says DGCA chief
Ø Sebi may expand disclosure requirements for QIP proceeds
Ø Powergrid Infrastructure Q1 net profit grows 84% to Rs 213.9 crore
Ø TVS Sells 3.14 Lakh Two-Wheelers In July, Up 13%
Ø HDFC Life plans to raise funds by issuing equity, other securities
Ø Cabinet nod to Rs 1.64 lakh cr BSNL revival package
Ø Govt, LIC may offer up to 60% stake in IDBI Bank
Ø Mudra NPAs moderate in FY22, though still above pre-Covid levels
Ø Import reliance for oil jumps 10 percentage pts since 2015
Ø Zomato plans new management structure, with multiple CEOs, says internal memo
By: via @AlliesFin Serve Stock Market

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