*India Daybook – Stocks in News*
*Fino Payments Bank:* Investor Capri Global Holdings has picked 1.58 percent stake or 13.19 lakh shares. (Positive)
*Voltamp Transformers:* Nippon India Mutual Fund bought additional 3 lakh shares in the company at an average price of Rs 2,650 per share. (Positive)
*M&M Fin:* Life Insurance Corporation of India bought additional 2.01 percent shares in M&M Financial Services (Positive)
*Can Fin Homes:* The company said its board of directors will hold a meeting to consider a proposal for payment of 'interim dividend' for FY23 (Positive)
*HG Infra:* The company has received a letter from Adani Road Transport regarding declaration of appointed date as November 3 (Positive)
*Zee Ent:* OFI & Invesco's petition against Co is no longer pending before NCLT (Positive)
*Hi Tech Pipes:* To Consider Fund Raising Via Preferential Issue To Promoter/ Non-Promoters (Positive)
*IndiGo* launches 19 new connecting flights to Europe under codeshare pact with Turkish Airlines (Positive)
*IIFL Wealth:* Investor General Atlantic Singapore Fund Pte Ltd sold 15.12 percent stake in the company (Neutral)
*HEG:* Life Insurance Corporation of India offloaded more than 2 percent equity stake or 7.76 lakh shares in HEG (Neutral)
*Biocon:* Company issues Commercial Papers (CP) of Rs. 2,250 Crores on private placement basis (Neutral)
*SBI Card:* Chief Risk Officer Aparna Kuppuswamy resigns (Neutral)
*PVR:* NCLT to take final call for Inox Leisure merger on December 15. (Neutral)
*Zomato:* To Discontinue Food Ordering Services in UAE (Neutral)
*Adani Ent:* Adani Group is said to approach Mubadala, Adia for fundraise (Neutral)
*Bank of Baroda:* Bank reduces home loan interest rates by 25 bps to 8.25% for a limited period (Neutral)
*Tata Steel:* Appoints Bharti Gupta Ramola as additional independent director for 5-years (Neutral)
*Inox Green:* Polus Global Fund exited the wind power operation and maintenance services provider by selling entire 53.85 lakh shares.
*Jet Airways:* Cabin Crew Association sends notice to Jalan-Kalrock on non-payment of employee/workmen dues amounting to Rs 113 cr
*Brooks Lab:* Atul Ranchal resigns as Chairman & Executive Director of Brooks Labs
• Adani Weighs $5 Billion Equity Fundraise to Help Deleverage
o Tycoon’s group approached funds including Mubadala, ADIA
• Indian Railways Shows Slow Progress in Installing Renewables
• AIFs With Waterfall Model Can’t Raise Fresh Funds, SEBI Says
• RBI: Lending Rate for Farmers Set at 7%, Subvention at 1.5%
o Interest subvention scheme to continue for FY23, FY24
• India Top Court Upholds Tribunal Order in Tata Power, Adani Case
• Adani Group’s Cash Generation Ability Underappreciated, M&G Says
• BRICS 3Q GDP Forecast Steady in Past Week; India Seen at 6.2%
• Global Funds Sell Net INR7.90B of India Stocks on Wednesday: NSE
o Domestic funds buy net 4.14b rupees of stocks
• India, GCC to launch free trade pact negotiations on Thursday: PTI
• Banking system better placed to sustain loan growth: SBI chief: PTI
• Tax collection to exceed Budget estimate by nearly INR4 tln: Revenue Secy: PTI
• 11am: Finance Minister Nirmala Sitharaman will hold the pre- budget meeting on Services and Trade
• 3pm: Finance Minister Nirmala Sitharaman will hold the pre-budget meeting on Social Sector (Health, Education, RD and Water and Sanitation)
• Life Insurance Corp (LICI): Stake in M&M Financial rises to 7.022%
• Tata Power (TPWR): India Top Court: Won’T Interfere W/ Tribunal’s Factual Finding
• Tata Steel (TATA): Appoints Bharti Gupta Ramola as additional independent director for 5-years
By: via Allies Fin Serve Stock Market
