Tuesday 10 January 2023

Allies Fin Serve Stock Market's Post

*News Headlines from Business News Agencies:*

*Business Standard :*

• Bond issuance by banks to touch record Rs 1.3 trn in FY23: Report

• JSW Steel's combined output in Q3 grows 17% to 6.24 MT, says report

• Toyota Kirloskar Motors restarts booking for Hilux utility vehicle

• Meta hires former Tata CLiQ CEO to head global business group in India

• Freebie culture hurting economic growth, must end: L&T chairman A M Naik

• Goldman Sachs to cut about 3,200 jobs this week after cost review

• Paytm's loan disbursals jump 330 per cent in December, GMV up 38 per cent

• HDFC Capital raises $376 million for affordable housing fund H-Care 3

• CESL invites bids to lease out 3,500 e-vehicles for period of up to 5 years

• Govt considering textile duty structure rejig in Union Budget: Report

• Malaysia pledges to invest in development of Indonesia's new capital

• Cargo ship that went aground in Suez Canal refloated, say officials

• Japanese PM Kishida highlights security concerns on trip to Europe, US

• Taiwan passes 'Chips Act', offers tax credits to local chipmakers

• TCS reports 11% net profit jump in Q3, announces dividend of Rs 75 a share

• Govt mulls lifting rice export curbs as supply improves, prices stabilise


*Economic Times :*

• With $10.8 billion, Bengaluru top city on startup funding in 2022

• A peek into Reliance's plan to shake up FMCG biz

• IDBI divestment to complete in FY24: DIPAM Secy

• Fall in nominal GDP to challenge India's fiscal math

• Amul MD RS Sodhi resigns, Jayen Mehta takes charge

• Prem Watsa's top India ally, former Kingfisher honcho come together to plan new airline

• FPIs dumped Indian IT stocks worth Rs 72,000 crore in 2022 over recession fears

• R-Cap's lenders queue up to vote for need of a second auction; NCLT to hear Torrent's plea on Jan 12

• China central bank to support private firms, ease tech crackdown

• India's December fuel demand rises 3.1% year on year

• TCS headcount falls by over 2,000 QoQ despite improvement in attrition

• Banks raise record Rs 91,500 crore in debt capital in FY23 so far: Report

• Govt likely to dismantle Digital Communications Commission: Sources

• India asks utilities to import 6% of their coal for nine months

• Airtel Africa acquires 4G, 5G spectrum for $316.7 million


*Mint :*

• Investors' wealth rise by over ₹3.24 lakh cr in a day as markets recover

• AstraZeneca to buy US cardiorenal-drug maker

• Jaguar Land Rover sees Q3 free cash flow above $485 million

• Indian diaspora should tell the world that India is a land of opportunity: Goyal

• India asks utilities to import 6% of their coal for nine months

• ONGC's overseas arm retakes 20% stake in Sakhalin-1 oil, gas fields

• India has a robust defence manufacturing ecosystem: Defence Minister

• Govt advisory to TV channels against broadcasting disturbing footage

• JSL reduced 1.4 lakh tons CO2 emission in FY22: MD Abhyuday Jindal

• JSW Steel records 17% YoY growth in combined production volumes to 6.24 MT

• India’s credit worthiness stable compared to negative outlook for the world: Moody’s

• Cropin raises ₹113 cr funds from investors including Google, JSR Corp

• Jefferies sees earnings revival for midcaps; prefers capex increase, PLI among themes
By: via Allies Fin Serve Stock Market

AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

*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...