• India’s RBI Tightens Rules on Digital Lending After Complaints
o RBI Tightens Norms for Digital Lending, Recovery Agents
• India to Soon Achieve 20% Ethanol Blending in Gasoline: Puri
• Top Coal Miner Sees Profit Soar to Record in Fuel’s Revival
o Windfall earnings likely to be used on expansions
• Billionaire Birla’s Hindalco Posts Record Profit on Novelis
• India Cumulative Monsoon Rainfall 8% Above Normal on Aug. 10
• BRICS 2Q GDP Forecast Steady in Past Week; India Seen at 14.3%
• Global Funds Buy Net 10.6B Rupees of India Stocks Aug. 10: NSE
o Domestic funds sell net 7.68b rupees of stocks
• Foreign Investors Buy Net INR15.7B of Indian Equities on Aug. 8
• Foreigners Sell Net INR4.47B Indian Equity Derivatives Wednesday
• China Says Taiwan Military Drills Over, Plans Regular Patrols
• Aarti Industries (ARTO): Aarti Industries 1Q Net Income Matches Estimates; Net income 1.89 billion rupees, +15% y/y, estimate 1.89 billion rupees
• Abbott India (BOOT):1Q Net Income +5.1% Y/y to 2.06b rupees, est. 2.18b; revenue +7% to 13.04b
• CESC (CESC):1Q net income 1.38B rupees Vs. 1.38B Y/y; revenue +22% to 23.5b
• Coal India (COAL): 1Q net income 88.34b rupees vs. 31.7b Y/y, beats est. 56.03b; revenue +39% to 350.9b
• Eicher Motors (EIM): 1Q net income 6.11b rupees vs. 2.37b y/y, est. 6.03b; revenue +73% to 34b
• HEG (HEG): 1Q net income 1.59B rupees Vs. 567.7M Y/y; revenue +74% to 7.22b
• Glenmark Pharma (GNP): 1Q net income -37% Y/y to 1.93b rupees, beats est. 1.82b; revenue -6.2% to 27.8b
• Indian Railway Catering (IRCTC): 1Q net income 2.46b rupees vs. 825.2m Y/y, beats est. 2.25b; revenue 8.53b vs. 2.43b
• Jammu & Kashmir Bank (JKBK):1Q net income 1.66B rupees Vs. 1.04B Y/y
• Mahindra & Mahindra (MM): LIC stake declines to 6.41% as of Aug. 8
• Metropolis Healthcare (METROHL): 1Q Net Income -55% Y/y to 334m rupees, misses est. 397.3m; revenue -14% to 2.8b
• Oil India (OINL): 1Q net income 15.6b rupees vs. 5.08b y/y, misses est. 20.9b; revenue +98% to 59.7b
• Patanjali Foods (PATANJAL):1Q Net Income 2.41B Rupees vs 1.74 billion rupees y/y
• PB Fintech (POLICYBZ): 1Q net loss 2.04B rupees Vs. loss 2.2B Q/Q; revenue -6.5% to 5.05b
• Steel Authority (SAIL): Steel Authority 1Q Net Income Beats Estimates; Net income 7.76 billion rupees, -80% y/y, estimate 3.14 billion rupees
• Tata Consumer (TATACONS): 1Q Net Income +38% Y/y to 2.55b rupees, misses est. 2.71b; revenue +11% to 33.3b
• Vedanta (VEDL): Commodity Supply to Remain a Challenge in Medium Term, Chairman Anil Agarwal said at AGM
By: via @AlliesFin Serve Stock Market
