Friday 11 November 2022

Allies Fin Serve Stock Market's Post

*News Headlines from Business News Agencies:*

@AlliesFin

*Business Standard*

• Adani, Reliance among 15 bidders in race to buy Future Retail's assets
• Amazon becomes world's first listed firm to lose $1 trillion in market cap
• JSW Steel expects exports to hit over 5-year low in FY23 on reduced demand
• GST evasion of Rs 55,575 cr detected in last 2 years, 719 persons arrested
• FMCG industry continues to witness consumption slowdown in Sept qtr: Report
• Tea Board seeks Rs 1,000-crore support for industry for next five years
• Flipkart burns over $3.7 billion cash in about a year till Sep 2022
• Smart home appliances start-up Up raises $1.3 mn in pre-seed funding
• Centre unveils India's first national repository for life science data
• India and China are converging to high income levels, says Moody's
• India in talks with other countries to export green hydrogen, official says
• US visa processing time expected to fall by mid-2023, says official
• Chip export curbs not aimed at hurting businesses, says US official
• Donald Trump urged to delay 2024 launch after GOP's uneven election
• Twitter alternative Mastodon gains maximum traction after Musk takeover
• PFC logs highest ever quarterly profit of Rs 5,229 cr on higher revenues

*Economic Times*

• India's balance of payments may slip into a $45-50 billion deficit in the current fiscal year
• Amid Russia uncertainty, World races to secure supplies of Middle East crude for next year
• Eicher Motors' Q2 profit surge fails to outpace Street's forecast
• Development of Noida airport on schedule, within budget: Top officer
• Fintech veterans’ fund launches programme to help industry executives start up
• EU antitrust regulators about to charge Meta, sources say
• Saudi Arabia's SALIC acquires 9.2% stake in LT Foods
• Inflation, rural stress drag down FMCG growth in July-September quarter: NielsenIQ
• Equity mutual fund inflows fall, debt funds continue to see outflows in October
• Hyundai to introduce global battery electric platform in India with Ioniq 5
• MT Autocraft forays into electric mobility with a seed funding of Rs 100 crore
• EU-India InnoCenter brings 20 Tech Startups in India
• Global central banks' search for immaculate disinflation turns longer
• Flipkart burns over $3.7 billion cash in about a year till Sep 2022
• KFin Technologies gets Sebi nod to float Rs 2,400-crore IPO
• Bajaj Electricals to reposition brand as premium to aid margins


*Mint:*

• AAI aims 100% EV fleet by 2030 for airside, cityside operations
• Biden plans to meet China’s Xi and discuss how to avoid conflict
• Lenskart slips into the red in FY22 even as revenue jumps 66%
• Edtech unicorn Upgrad's losses widen on rising costs
• Adani Power to sell entire stake in arm to AdaniConnex for EV of ₹1,550 cr
• Foxconn says aims to swiftly recover iPhone production levels at Covid-hit site
• Groww FY22 profit rises as revenue jumps 760%
• Commercial vehicle sales nearing pre-covid levels
• States’ indebtedness to remain elevated at 30-31% of GSDP this fiscal: Report
• Centre formulates plan to promote millet exports
• Gautam Solar launches 450 Wp solar modules with bigger M10 cells
• Radisson Hotel Group partners Treebo parent to launch India-only midscale brand
• Bank credit growth continues its robust momentum in September


*Earnings Calendar: 11.11.2022*

*ABB*, *ADANIPOWER*, ADVENZYMES, *ALKEM*, *APLLTD*, APTECHT, ARIES, ASHOKA, *ASTRAL*, ASTRAZEN, BAJAJHCARE, *BDL*, BFINVEST, BFUTILITIE, *BHEL*, BOROLTD, DBREALTY, DCAL, DCW, DELHIVERY, DYNAMATECH, EASEMYTRIP, *EIDPARRY*, EMAMILTD, ESABINDIA, EXCELINDUS, *EXIDEIND*, FORCEMOT, *FORTIS*, GAEL, GESHIP, GVKPIL, *GLENMARK*, GLAXO, GRAPHITE, HBLPOWER, HEG, *HINDALCO*, HOVS, HUHTAMAKI, IBREALEST, IPCALAB, IRCON, ITI, *IDFC*, JBCHEPHARM, JAYSHREETEA, JINDALSAW, JISLDVREQS, KMSUGAR, KCP, KCPSUGIND, KIMS, LEMONTREE, LAOPALA, LUMAXIND, *M&M*, MANYAVAR, MAXINDIA, *MGL*, MEDPLUS, MEDICAMEQ, MIRCELECTR, MIRZAINT, *MOIL*, MUKANDLTD, *NAUKRI*, NCLIND, NLCINDIA, OSWALAGRO, *PFIZER*, PGHL, RELCAPITAL, RELIGARE, REPCOHOME, RELINFRA, RUPA, SHAKTIPUMP,
By: via Allies Fin 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...