• India Panel Approves $523M worth Defense Procurement Plans
• RBI Deputy Patra’s Term Extended by One Year, Central Bank Says
• India SEBI Allows Future Contracts on Corporate Bond Indexes
• Goldman Sees India Budget Gap Narrowing Below 6% in Fiscal 2024
• Trust Mutual’s New Company Bond Fund to Invest in Up to 2Y Debt
• India’s Foray Into the EV Battery Market Lacks Key Ingredients
• Jordan Firm to Increase Phosphate Exports to India: Al Mamlaka
• Indian Stock Fund Inflows Jump for 22nd Month in December: AMFI
• India Stocks Resume Selloff as TCS Signals Growth Challenges
• Global Funds Sell NET INR 21.1B of India stocks Tuesday: NSE
o Domestic funds buy 18.1 billion rupees of India stocks
• Uttar Pradesh Suspends manufacturing license of Marion Biotech: Moneycontrol
• Carlyle Buys Majority Stake in India’s VLCC for $300M: Reuters
• Adani Enterprises (ADE): Israel Sale of Haifa Port to Adani- Gadot Group Completed
• Adani Wilmar (AWLTD): 3Q Standalone Volume Grows in ‘High Teens’ Y/y
• Bharti Airtel (BHARTI): Cut to Underweight at JPMorgan; PT 710 rupees
• Biocon (BIOS): Cut to Hold at Jefferies; PT 285 rupees
• Captain Pipes (CAPI): To Consider Proposal for Stock Split on Jan. 27
• Cipla (CIPLA): Cut to Hold at Jefferies; PT 1,100 rupees
• Cupid (CUPD): Gets INR52.1M Order from United Nation Population Fund
• Dr Reddy’s (DRRD): Theranica in Pact With DR. Reddy’s for Commercializing Nerivio
• Hindalco (HNDL): Watch Aviation Supply Chain After Boeing Posts Strong Orders
• Laurus Labs (LAURUS): Cut to Hold at Jefferies; PT 395 rupees
• Lupin (LPC): Raised to Buy at HSBC; PT 860 rupees
• PC Jeweller (PCJL): 3Q Domestic Turnover +38% Y/y to Inr8.29B
• Shree Renuka (SHRS): Board Meeting Jan. 27 for Change in Terms of NCDs
• Tata Motors (TTMT): Says Tata Motors Unit Completes Acquisition of Ford India Plant
o Jaguar Land Rover HY Bond Trading 4x Average
• Uttam Sugar Mills (UTSM): To Raise Ethanol Capacity to 250KL/Day from 150KL
By: via Allies Fin Serve Stock Market
