• Aggressive Loan Recovery Methods Unacceptable, RBI Governor
• India Tweaks Internet Rules to Allow Social Media Appeals
• US Secy Blinken, India’s Jaishankar Discussed Counterterrorism
• India Modi Says Recent Satelite Launch to Improve Digital Connectivity
• NTPC’s Profit Rises on Higher Electricity Demand in India
• Indian Oil 2Q Net Loss Lower Than Estimates on LPG Compensation
• India Extends Curbs on Sugar Exports Until October 2023
• India’s SEBI Cuts Denomination for Debt Issued on Private Basis
• Vedanta’s Profit More Than Halves as Costs Weigh, Prices Weaken
• UK-Backed Fund Invests in India Green Hydrogen Maker Hygenco
• India’s PC Jeweller Says No Fresh Default in its Accounts
• Top India Carmaker Beats Profit Forecast as Supply Woes Ease
o Revenue rose 46%, beating est., while costs surged 36%
• AMNS India Plans $7.3B Expansion to Boost Gujarat Mill Capacity
• India Forex Reserves Fall $3.85b to $524.5b in Week to Oct. 21
• Indian Stocks Advance for Second Week on Boost from Financials
• Bharti’s 5G Strategy in Focus as Revenue Growth Slows: Preview
• Larsen to Report Results; Shares Up 4.3% YTD: Preview
• Tata Steel to Report Results; Shares Down 8.9% YTD: Preview
• Global Funds Buy Net 15.7B Rupees of India Stocks Friday: NSE
o Domestic funds sell net 6.13b rupees of stocks
• Adani Eyes $150 Billion Investment Across Businesses, PTI Says
• US, India Agree to Postpone Trade Policy Forum to 2023, ANI Says
• Saudi Crown Prince May Visit India in Mid-November, ET Says
• India, Gulf Nations to Start Free Trade Pact Talks in Nov.: PTI
• Tata Seeks $1.8 Billion Working Capital Loan for Air India: ET
• India’s LIC Plans Changes to Revive Stock, Reuters Reports
• 4:00pm: India Fiscal Deficit in rupees for April- September
• 5:30pm: September Eight Infrastructure Industries, prior 3.3%
• Bandhan Bank (BANDHAN): 2Q net income 2.09b rupees vs. loss 30.1b Y/y, misses est. 8.85b, Provisions 12.8b vs. 6.42b q/q; gross NPA 7.19% vs. 7.25% q/q
• Blue Dart (BDE):2Q net income 920.1m rupees Vs. 894.8m Y/y; revenue +18% to 13.25b
• Dr Reddy’s (DRRD): 2Q net income +12% Y/y to 11.1b rupees, beats est. 7.61b; revenue +9.5% to 63.1b
• Eveready Industries (EVRIN): 2Q Net Income 147.3M Rupees Vs. 310.4M Rupees Y/y
• Hero MotoCorp (HMCL): Hero Honda: Significant Gain in Market Share on Festive Sales
• Indian Oil Corp. (IOCL): 2Q net loss 2.7b rupees vs. profit 63.6b Y/y, est. 68.86b; revenue +34% to 2.3 trln
• Intellect Design (INDA): 2Q net income -42% Y/y to 457.7m rupees, misses est. 735.8m; revenue +17% to 5.28b
• JSW Energy (JSW): 2Q Net Income +37% Y/y to 4.66b rupees, misses est. 6.7b; revenue +14% to 23.9b
• Kopran (KOP): Acquires API manufacturing unit of Abhinandan Rasayan
• Maruti Suzuki (MSIL): India Auto Industry Seen Growing 8% Next Year: Maruti Chairman; Major Gains in 2Q on Rupee Becoming Stronger Than Yen
• Mangalore Refinery & Petrochem (MRPL):2Q net loss 17.9b rupees, revenue +60% Y/y to 284.5b
• NTPC (NTPC): 2Q net income +5.4% Y/y to 33.3b rupees, misses est. 35.97b; revenue +39% to 410.2b
• Reliance (RIL): World’s Richest Family Is Starting to Spend $225 Billion Fortune
• Steel Authority (SAIL): Sail, AAI in Pact to Facilitate Rourkela Airport Commercial Ops
• Tata Power (TPWR): 2Q Net Income +94% Y/y to 8.19b rupees, meets est. 8.14b; revenue +43% to 140.3b
• Vedanta (VEDL): 2Q Net Income -61% Y/y to 18.1b rupees, misses est. 20.36b; revenue +21% to 362.4b; Ebitda margin 25% vs. 40% y/y
By: via Allies Fin Serve Stock Market
