• India’s Economy Expands Most in a Year, Aided by Consumption
o India July Key Industries’ Output Rises 4.5% Y/y
o India April-July Fiscal Deficit at 20.5% of FY23 Target
• India Govt to Raise Coal Output to 1.23b Tons by 2024-25
• Airbus May Win Order for About 50 A220s From India’s Jet Airways
• Russian Crude Shipments to Asia Plunge to Lowest Since March
• India to Increase Rice Purchases From Farmers for Food Program
• Bangladesh to Import 330,000 Tons of Rice From Vietnam, India
• India Seeks Gas Supply for Oct.-Dec. to Fertilizer Plants
• India’s Growth Gives RBI Scope to Hike Further, Nirmal Bang Says
• Adani Becomes World’s Third Richest Trailing Only Musk, Bezos
• Mirae Likes Risk-Reward in Asia Ex- China Stocks Especially Banks
• Renesas to Acquire Indian Radar Firm Steradian
• Global Funds Buy Net INR41.7B of Indian Stocks on Aug. 30: NSE
o Domestic funds sell net 6.57b rupees of stocks
• Foreign Investors Buy Net INR20.6B of India Equities on Aug. 29
• Foreigners Buy Net INR114.6B of India Equity Derivatives Aug. 30
• Sri Lanka Inflation Hits 64.3% in August on Costlier Fuel
• Deadly Floods Swamp Farms in Pakistan, Flushing Away Crops
• Reliance Industries Acquires Soft Drink Brand Campa in India: ET
• India’s NSDL Likely to Launch IPO in May 2023: CNBC-TV18
• Indian Startup OkCredit Is Looking for Buyer, Mint Says
• 10:30am: S&P Global’s India Manufacturing PMI for Aug., prior 56.4
• Aditya Birla Fashion (ABFRL): CCI approves GIC’s stake purchase in ABFRL
• Biocon (BIOS): Gets FDA Observations for Bengaluru, Malaysia Sites
• Cipla (CIPLA): To buy additional 13.1% stke in Cipla Jiangsu
• Glenmark Pharma (GNP)): Says unit Glenmark Specialty & Hikma launches RVALTRIS seasonal allergic rhinitis nasal spray in the US
• GMR Power and Urban Infra (GMRPUI): GMR Group to Divest Its 30% Equity Stake in PT Gems for $420M
• Havells India (HAVL): To expand washing machines capacity at cost of INR1.3b
• InterGlobe Aviation (INDIGO): Virgin Atlantic and IndiGo Announce Codeshare Pact
• Infosys (INFO): Says sells entire holding in Trifacta for $12 million
• Inox Wind (INXW): Approves fund raising of up to 8b rupees
• Tata Motors (TTMT): Buys partner Morcopolo’s stake in Jv Tata Morcopolo
• Tata Steel (TATA): Buys 28.2m shares in mining unit for INR540m
• Zee Entertainment (Z): Disney Licenses ICC Cricket TV Broadcast Rights to India’s Zee
By: via @AlliesFin Serve Stock Market
