Namaste !!
• India Rate Panel Warns of Considerable Uncertainty on Inflation
• Indian Banks GNPA Ratio Falls to 5.7% in June Qtr: Fin Min
• India May Import Wheat in Blow to Modi’s Goal to Feed World
• Adani Group Makes $3.9 Billion Open Offer for Two Cement Makers
o Received SEBI approval for an open offer for Ambuja, ACC
• Adani to Buy Coal Power Plant in Central India for $880 Million
• India’s FX Reserves Fall $2.24B to $570.7b in Week to Aug. 12
o India Official Reserves Drop to Lowest Since Nov. 2020
• Indian Stocks Drop With Region, Still Rise for 5th-Straight Week
• Global Funds Buy Net INR11.1B of Indian Stocks on Aug. 19: NSE
o Domestic funds sell net 16.3b rupees of stocks
• RBI Minutes Suggest Terminal Rate is Higher, But Not Too High
• EU’s Ban of Russian Coal May Be Nightmare for Indonesian Miners
• Central Bank of India likely to exit RBI PCA framework soon: PTI
• India in advanced stage of talks with US for MQ-9B drones: PTI
• L&T to work across green energy value chain; to pump in $2.5b in 3-4 yrs: PTI
• Xi, Modi may have a bilateral meeting at Shanghai Cooperation Summit: ToI
• ACC (ACC): Adani Group’s Open Offer for ACC to Run From Aug. 26- Sept. 9
• Adani Enterprises (ADE): Adani Group Makes $3.9 Billion Open Offer for Two Cement Makers
• Ambuja Cements (ACEM): Open Offer to Run From Aug. 26-Sept. 9, Issue Manager Announces Dates in Filing
• Computer Age (CAMS): Great Terrain Investment sold 1.86m shares in CAMS: BSE
• Hindalco (HNDL): EU Approves Alvance Aluminium Duffel/Aip Deal
• IIFL Finance (IIFL): CDC Group sold 13.5m shares of IIFL; Morgan Stanley Asia Singapore buys 3.5m: NSE
• JSW Steel (JSTL): In JV with Nationalsteel Holding to Set up Scrap Shredding Facilities in India
• One 97 Communications (PAYTM): Says 99.67% of shareholders voted for Sharma’s re- appointment as CEO at AGM
• State Bank of India (SBIN): Sold KSK Loans to Aditya Birla ARC for INR 16.2B
By: via @AlliesFin Serve Stock Market
