Friday 9 September 2022

@AlliesFin Serve Stock Market's Post

• India, China Move Back Troops From Another Border Friction Site
• India Imposes 20% Tax on Some Rice Exports
• Mahindra & Mahindra Unviels All-Electric XUV400 SUV
• India Says Share of Russian Oil In Total Purchases Jumped 6 Fold
• Coal India Expects to Boost E-auction Volumes in Coming Months
• Adani Group Debt Still a Concern But Researchers Soften Tone (2)
o CreditSights still maintains group’s leverage is elevated
• India Cumulative Monsoon Rainfall 5% Above Normal as of Sept. 8
• India’s Reliance on Russia Grows; Iranian Impasse
• Global Funds Buy Net INR29.1B of India Stocks on Thursday: NSE
o Domestic funds sell net 2.13b rupees of stocks
• India, Japan agree to further increase security and defence cooperation: PTI
• Govt to acquire Vodafone Idea stake after share price stabilises at INR10 or above: PTI
• Govt to launch anti-TB campaign on Friday: PTI
• India’s economy bucks the global slowdown: NYT
• Coal Indiaq (COAL): To achieve 700m tons FY23 production aim; may increase wage provision around 3Q: Chairman; No major margin impact from wage review
• InterGlobe Aviation (INDIGO): Rakesh Gangwal sold 5.4m shares and Sobha Gangwal sold 5.19m shares of INDIGO: NSE
• Mahindra & Mahindra (MM):Unviels All-Electric XUV400 SUV
• NMDC (NMDC): Set lump ore prices at INR4,100/ton, fines INR2,910/ton
• PNC Infratech (PNCL): Says SPV signs consession pact for INR14.6b highway
• Samvardhana Motherson (MOTHERSO): To buys assets of frame manufacturing and assembly operations of Daimler India Commercial Vehicles
• Tanla Platforms (TANLA): To buy back 1.4m shares, or ~1% of its equity, at 1,200 rupees apiece via tender route
• Websol Energy (WESL): Says Jv to have pact with AMP Energy to sell up to 50% output
By: via @AlliesFin Serve Stock Market

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*India Daybook – Stocks in News* *Kirloskar Oil:* Net profit up 86.1% at ₹146.8 cr vs ₹78.9 cr (YoY) Revenue up 20% at ₹1,660 cr vs ₹1,383...