• India Needs More Flexible Spending Management: Finance Ministry
• Domestic Drivers Boost India Growth Outlook, Says RBI
• India Affirmed at BBB- by Fitch, Outlook remains stable
• India to Stop Firms Buying Back Shares From Open Market
• India Cotton Group Cuts 2022-23 Output Estimate to 33.98M Bales
• India’s November Crude Oil Imports Highest in 4 Months
• Russia’s Oil Exports Collapsed Since G-7 Sanctions Began
• GSF to Invest USD 550 Million in India’s K12 School Sector
• Global Funds Buy Net INR4.56B of India Stocks on Tuesday: NSE
o Domestic funds buy net 4.95b rupees of stocks
• Health Minister Mandaviya to review Covid situation Wednesday amid spurt in cases in US, China: PTI
• NCLT to hear on progress of Future Retail’s insolvency resolution process
• Reserve Bank to release minutes of Dec. 5-7 policy meeting
• Bharat Petrolium (BPCL): BPCL Offers 0.5% Sulfur Marine Fuel for January: OIL TENDER
• Bharti Airtel (BHARTI): Acquires strategic stake in tech start-up Lemnisk; both will work together to build CDP platform
• Central Bank of India (CBOI): Plans to raise capital via issuance of Tier II bonds on Dec. 26
• Dabur India (DABUR): Says entities of Burman family sold 1% of Dabur shares via block deal
• Dr. Reddy’s (DRRD): Journey Medical Reports Positive Comparative PK Data for DFD-29
• Future Enterprise (FEL): Defaults on interest payment of INR60.7m
• UNO Minda (UNOMINDA): Signs tech license pact with S. Korea’s Asentec for Wheel Speed Sensors
India Daybook – Stocks in News
Uno Minda: Company has entered into a licence agreement with Ascentec, Korea to strengthen its advance automotive sensors product portfolio (Positive)
Bharti Airtel: Company has entered into an agreement for the acquisition of 8 percent stake in a technology startup, Lemnisk (Positive)
Shyam Metalics: Company to conclude acquisition of Mittal Corp (Positive)
Dixon Tech: Rs 58.29 cr of incentives approved for Padget Electronics for incremental sales (Positive)
Jubilant Foods: Domino's launches 20-minute delivery service in 20 zones across 14 cities in India (Positive)
Visaka: Its Rs 130-crore plant that is being built in West Bengal will be operational by August 2023. (Positive)
Salasar Techno: The company said it has bagged orders of about Rs 750 crore from Pashchimanchal Vidyut Vitran Nigam (Positive)
Steel Companies: Steel Ministry releases the list of companies shortlisted for PLI scheme (Positive)
VIP Clothing: Company has recently sold its Umbergaon factory and raised Rs 10.41 crore (Positive)
NDTV: LTS Investment Fund has sold 4.08 lakh shares in NDTV via open market transactions (Neutral)
Jubilant Ingrevia: Company has raised Rs 150 crore via the issuance of commercial papers (Neutral)
Dabur: Promoters the Burman family have sold shares amounting to about 1 per cent stake in the company (Neutral)
Union Bank: Subscribes 2 cr shares of Star Union Dai-Ichi Life Insurance Company (Neutral)
Central Bank: To consider the proposal of raising capital via tier ii bonds on Dec 26 (Neutral)
Mindspace: Company has completed the issuance of commercial papers of Rs 100 crore (Neutral)
GAIL: Company has raised Rs 1,575 crore via issuance of 15,750, 7.34 percent non-convertible debentures (Neutral)
Sudarshan Chemical: Norges Bank on account of the Government Pension Fund Global has sold 7.03 lakh shares
City Union Bank: The Bank has announced divergence in NPAs to the tune of Rs 259 crore consisting of 13 borrower accounts
By: via Allies Fin Serve Stock Market
