• India’s Economy Will Expand to $30 Trillion by 2050, Adani Says
• India Withdraws Export Tax on Steel Products Imposed in May
o Export taxes on iron ore pellets, steel products removed
• COP27 Approves Last-Ditch Deal for Historic Climate Damage Fund
• India’s Economy on Track to Grow at Around 7% in 2022-23: RBI
• India to Ease Data Storage Rules in Relief for Google, Meta (1)
o Govt may allow storage of data in specified nations
• India’s Parliament Winter Session Starts from Dec 7 to Dec. 29
• Gamers Seek Fame, Riches In World’s Next Esports Hub India
• Adani Group Says No Plan to Open Family Office Overseas
• Tata Motors to Find Place in India’s Benchmark Stock Index
o TTMT Replace Dr Reddy’s in Sensex Index from Dec. 19
• Jaguar Land Rover to Recruit Fired Twitter & Facebook Workers
• India’s Forex Reserves Jump to $544.7 Billion as US Dollar Slips
o Forex Reserves Rose $14.7b to $544.7b in Week Nov. 11
• Jet Airways Has Letters of Intent in Place for Aircraft, Engines
• India’s Jindal Poly Is Said Mull Sale of $1 Billion European Arm
• Farmers in India Boost Winter-Sown Wheat and Oilseeds Acreage
• Sugar Climbs for Third Week With Production Woes in Asia
• Equity Funds See Largest Weekly Inflows Since March, BofA Says
• Global Funds Sell Net INR7.51B of India Stocks on Friday: NSE
o Domestic funds buy net 8.90b rupees of stocks
• Sitharaman to kick-start pre-Budget meetings from Nov 21: PTI
• PM GatiShakti: Over 250 infra projects examined by NPG since Oct 2021: PTI
• ISRO to launch PSLV-C54 on Nov 26 with Oceansat-3, 8 nano satellites: PTI
• Central Depository Services (CDSL): Trade Settlement at India’s Top Depository Delayed
• Engineers India (ENGR): Gets order from Chennai Petroleum for Manali Refinery work
• Indian Energy Exchange (IEX): To consider proposal for buyback its shares on Nov. 25
• Jindal Poly Films (JDPF): Is Said Mull Sale of $1 Billion European Arm
• Maruti Suzuki (MSIL): Introduces Alto K10 with S-CNG technology
• MIC Electronics (MICEL): Wins 8.77m ruppes order for provision of video wall at SDAH station area, Kolkata
• Zomato (ZOMATO): Food Delivery Firm Says Co-Founder Gupta Has Resigned
Stocks in News
Zomato: Mohit Gupta, co-founder at Zomato has resigned. He had joined the food delivery giant's Deepinder Goyal and team, four-and-half-year ago. He decided to move on from Zomato to seek the other unknown adventures.
Archean Chemical Industries: The specialty chemical company will make its debut on the BSE and NSE on November 21. The issue price has been fixed at Rs 407 per share.
Five Star Business Finance: The non-banking finance company will list its equity shares on the bourses on November 21. The issue price has been set at Rs 474 per share.
Tata Motors: The BSE has decided to add Tata Motors in the S&P BSE Sensex index, in place of Dr Reddy's Laboratories. Also in the S&P BSE 100 and Sensex Next 50 indices, Adani Power and Indian Hotels Company will replace Adani Total Gas, and Hindustan Petroleum Corporation. The changes will be effective from December 19, 2022. In addition, Nxtdigital will be removed from S&P BSE AllCap, Consumer Discretionary, MidSmallCap and SmallCap with effect from November 22 as it is demerging into Hinduja Global Solutions as part of restructuring to separate their media and communication business.
3i Infotech: The stock will be in focus as the IT company received a contract from Hindustan Petroleum Corporation, for managing and supporting IT infrastructure at HPCL offices, refinery including data centers across pan-India. Total contract value is approximately Rs 51 crore spread across three years.
By: via Allies Fin Serve Stock Market
