*Business News Headlines*
*Economic Times :*
Ø Adani stocks slip again as MSCI weighs free float tag
Ø India likely to invite more cos to set up Semiconductor units
Ø Equity MF inflows surge to
₹12.5K cr
Ø India’s first lithium reserves
found in J&K
Ø ₹1.5-trn spending rationalisation helps govt meet FY23 deficit target
Ø CPSE capex touches 76% of ₹6.6-trn target
Ø Divested entire stake in Adani group: Norway wealth fund
*Business Standard :*
Ø Adani stocks decline on MSCI free float review
Ø LIC’s net profit surges to ₹6,334 crore in Q3
Ø Disney+ Hotstar reports biggest fall in subscribers
Ø Zomato loss widens on biz slowdown, Blinkit buy
Ø Hindalco net falls 63% on input cost pressures
Ø Air India likely to sign deal for
250 Airbus planes next week
Ø Aurobindo Pharma net drops 19% to ₹491 crore
*Financial Express :*
Ø Adani shares crack on MSCI review
Ø CPSEs to increase capex by a quarter during next fiscal
Ø Adani to prepay $500 million
loan as banks baulk at lending
Ø Lack of penal interest may hit lenders with risky clients
Ø Bill to reform insurance sector
may come in monsoon session
Ø M&M plans ₹1,000 cr EV plant in Telangana
Ø Large Budget allocation makes infrastructure theme attractive
*Mint :*
Ø Adani stocks dive as MSCI
finalizes free float review
Ø Govt may tweak bill to keep cartels out of settlement purview
Ø Zomato’s Q3 loss swells to ₹346 cr on slump in food delivery business
Ø VW Group looks to roll out local entry level e-car
Ø MediBuddy buys Indian arm of US healthcare firm to grow services
Ø Turkey-Syria earthquake toll passes 19,000; plight of homeless deepens
Ø Disney to cut 7,000 jobs as Iger
seeks $5.5 billion in savings
*Business Line :*
Ø Bear cartel hand seen in $100b rout in Adani shares
Ø Hindalco sees Novelis turning around in Q4
Ø Barclays likely to sell down
exposure to Adani group
Ø Norway’s sovereign fund exits Adani firms by pulling out $200 m
Ø LIC is ‘still in the green on
investments in Adani Group’
Ø Delhi HC grants bail to Chitra
in NSE telephone tapping case
By: via Telegram.me/AlliesFin #StockMarket #india
