*Good Morning*
• India’s rate-setting panel headed by RBI Governor Shaktikanta Das will probably raise the benchmark interest rate by 50 basis points to 5.40%
o India Rates to Return to Pre- Pandemic Levels: Decision Guide
• India Seeks Wider Authority Over Global M&A With Antitrust Law
o Bill may be placed before parliament as early as Friday
• India’s REC Gives $2.8 Billion Loan to Help Repay Power Dues
• India Scampers for LNG as Ex-Gazprom Unit Falters on Supplies
• AD Ports, Adani Ports Sign MoU on Tanzania Logistics Investments
• Flour Millers in India Seek Abolition of Wheat Import Levy
• Vodafone Idea Sees Scope for Further Tariff Hike Before 2022-End
• India SEBI Orders Future Retail Forensic Audit, Group Cos Say
• Emerging Economies 2Q GDP Forecast Declines
• Foreign Investors Buy Net INR39.7B of Indian Equities Wednesday
• Global Funds Buy Net 14.7B Rupees of India Stocks Aug. 4 : NSE
• Saudis Signal Oil Market Will Stay Tight With Price Hike
• Oil Falls Below $90 for First Time Since War as Demand Slows
• China Likely Fired Missiles Over Taiwan in Drills, Japan Says
• BOE Governor Bailey Says Pound’s Drop Is ‘Not a Crisis’ for Now
• Maharashtra cabinet expansion will take place before August 15: PTI
• India successfully test fires laser-guided anti-tank guided missiles: PTI
• Go First’s flight to Chandigarh returns to Ahmedabad after suffering bird hit: PTI
• Odisha approves investment proposals worth 22.5b rupees: PTI
• Adani Enterprises (ADE): 1Q net income +73% Y/y to 4.69B rupees; Revenue 408.4b vs. 125.8b y/y
o Adani Plans to Build Hotels, Shops on Haifa Seafront: Globes
• Adani Ports (ADSEZ): Sign accord with AD Ports group for Tanzania investments
• Alembic Pharma (ALPM): 1Q net loss 658.8m rupees vs. profit 1.65b y/y, est. profit 1.79b; revenue -5.3% to 12.6b
• Axis Bank (AXSB): Says Agreement for Planned Sale of UK Unit Terminated
• Balkrishna Industries (BIL): 1Q net income 3.2B rupees Vs. 3.31B Y/y; revenue +46% to 26.5b
• BEML (BEML): Executed INR6.63b of orders in 1Q; orders book at INR91b
• Berger Paints (BRGR): 1Q Net Income +81% Y/y to 2.53b rupees, est. 2.25b; revenue +54% to 27.6br
• Bharat Electronics (BHE): To give two free shares for each held after approvals
• Blue Star (BLSTR): 1Q Net Income 742.5m rupees vs. 126.9m Y/y, est. 805.7m; revenue +88% to 19.7b
• Britannia Industries (BRIT): 1Q Net Income -14% Y/y to 3.37b rupees, misses est. 3.95b; revenue +9% to 37b
• Central Depository (CDSL): Says its active Demat accounts has crossed the 70m
• Container Corp (CCRI): 1Q net income +14% Y/y to 2.91b rupees, revenue +9.4% to 19.8b
• Dabur India (DABUR): 1Q Net Income +0.7% Y/y to 4.4b rupees, est. 4.31b; revenue +8% to 28.2b
• Dalmia Bharat (DALBHARA): 1Q Net Income -27% Y/y to 1.96b rupees, -27% beats est. 1.44b; revenue +27% to 33b
• Edelweiss Financial (EDEL): 1Q Net Income 263.8M Rupees Vs. 180.9M Rupees Y/y
• Gujarat State Petronet (GUJS): 1Q net income 2.35B rupees Vs. 2.32B Y/y
• Hindustan Construction (HCC): Plans INR5b QIP of shares; approves INR8.41b bonds issue to lenders
• JB Chemicals & Pharma (JBCP): 1Q Net Income -12% Y/y to 1.05b rupees, beats est. 920.3m; revenue +29% to 7.85b
• LIC Housing (LICHF): 1Q net income 9.25B rupees Vs. 1.53B Y/y; Revenue +9% to 52.9b
• Manappuram Finance (MGFL): 1Q net income -35% Y/y to 2.82b rupees, misses est. 4.29b; revenue -4% to 15b
• REC Ltd. (RECL): 1Q net income 24.5B rupees Vs. 22.5B Y/y; revenue -0.5% to 94.6b
• Reliance Industries (RIL): Unit in India franchise pact with Balenciaga
By: via @AlliesFin Serve Stock Market
