*Good Morning*
• India Sells Record $19 Billion Airwaves With Reliance Top Buyer
• India Trying to Ease Inflation Below 7%, Finance Minister Says
• India Coal Stock at 29.5M Tons as on July 26 Vs. 25.6M March 31
o Thermal power plant have sufficient coal stock: Govt
• India June Services Exports $25.3B; Imports at $15.8B: RBI
• With $208 Billion Between Them, Asia Richest Men Face Off
• India’s Diesel, Gasoline Sales Ease as Monsoon Rains Cut Demand
• India Probes Asia’s First Possible Monkeypox-Linked Death
• Delhi Metro Yet to Pay Arbitration Money to Reliance Infra
• Global Funds Buy Net INR23.2B of India Stocks on Monday: NSE
o Domestic funds sell net 8.22b rupees of stocks
• Foreigners Buy Net INR14.7B of Indian Equities on July 29
• Zomato Plans New Mgmt Structure, With Multiple CEOs: Reuters
• GAIL Has Cut Supplies to Some Fertilizer Plants by 10%: Reuters
• IndiGo to reinstate pilot salaries to pre-Covid levels from November: Economic Times
• Bharat Electronics (BHE): To consider free shares issue on Aug. 4
• Bharti Airtel (BHARTI): Bought airwaves worth 430.84 billion rupees
• Castrol India (CSTRL): 2Q Net Income 2.06B Rupees Vs. 1.4B Rupees Y/y; Revenue +38% to 12.4b
• Eicher Motors (EIM): July Motorcycle Sales 55,555 Units Vs. 44,038 Y/y
• Escorts Kubota (ESCORTS): 1Q Net Income -21% Y/y to 1.47b rupees, misses est. 2.25b; revenue +20 to 20.1b
• Hero MotoCorp (HMCL): July Vehicle Sales 445,580 Units Vs. 454,398 Y/y
• Kansai Nerolac Paints (KNPL): 1Q Net Income +37% Y/y to 1.63b rupees, beats est. 977.5m; revenue +47% to 19.4b
• Max Financial Services (MAXF): 1Q net income 563.6m rupees vs. 211.9m y/y, misses est. 825m; revenue -45% to 32.7b
• NMDC (NMDC): July Production 2.05M Tons Vs. 3.06M Y/y; Sales -10% Y/y to 2.95m ton
• REC (RECL): To consider proposal for fund-raising via private placement
• Reliance (RIL): Jio top buyer of India airwaves with 880.78 billion rupees spend
• Thyrocare Technologies (THYROCAR): 1Q net income -61% Y/y to 217.3m rupees, misses est. 347m; revenue -22% to 1.28b
• TVS Motor Co. (TVSL): July Vehicle Sales 314,639 Units Vs. 278,855 Y/y
• Vodafone Idea (IDEA): Bought airwaves worth 188 billion rupees
• Zomato (ZOMATO): 1Q net loss -48% Y/y to 1.86b rupees, est. loss 2.62b; revenue +67% to 14.1b
By: via @AlliesFin Serve Stock Market
