Tuesday 7 February 2023

Telegram.me/AlliesFin #StockMarket #india's Post

*News Headlines from Business News Agencies:*

*Business Standard :*

• Creditors of IL&FS Financial Services to get Rs 3,200 cr interim payout.

• Volvo may set up its new EV manufacturing facility in India: Report

• India's retail vehicle sales up 14% to 1.8 million units in January: FADA

• Easy Trip Planners Q3 net profit rises 4.1% to Rs 41.7 cr, revenue jumps

• Reliance showcases hydrogen-run truck at India Energy Week in Bengaluru

• Indian Oil to sign MoU with LanzaJet for sustainable aviation fuel

• Interest rate hikes, global inflationary pressures may impact demand: JLR

• Disney to introduce its own metaverse platform, Starverse in India

• India's steady appetite for Russian crude lifts Jan inflows to record high

• Sebi proposes norm to prevent brokers from retaining clients' funds

• Government to convert Vodafone Idea's dues into equity.

• Tata Steel slips into red; posts Rs 2,501 cr loss in Q3 on higher expenses

• RBI's 3-day long MPC meeting starts amid expectations of lower rate hike

• Indian IT services industry's growth might drop in near to mid-term: Icra

• Murugappa group's Chola expects 30% AUM growth next fiscal, bets on EVs

*Economic Times :*

• India will not merge GST tax rates in 2023/24, government official says

• Vedanta appoints David Reed as CEO of semiconductor business

• Lab-grown diamonds to be 10% of total polished exports in three years: ICRA

• Varun Beverages Q3 results: Net profit soars 150% YoY; Re 1/share dividend declared

• Swiggy appoints Sahil Barua, Mallika Srinivasan, Shailesh Haribhakti as independent board directors

• VIL joins hands with Motorola to drive 5G connectivity across 5G smartphone portfolio

• Flash joins hands with GEM motors to develop electric motors

• Demand for commercial space in Delhi-NCR is projected to reach 11 million sq ft in 2023 : Report

• EESL, IMT-GT JBC ink MoU to promote energy efficient, sustainable practices

• Industrial and Logistics sector leasing grew by 8% Y-o-Y, says report

• Apollo set to launch app for doctors to aid them in taking clinical decisions

• Colliers appoints Ruchika Choudaha as the Senior Director & Head of Office Services for Pune.

• Govt receives representations to merge RINL with SAIL or NMDC: Minister Kulaste

• Indian researchers develop new tech to make military equipment invisible to radar

• Assam tea planters flag effects of climate change, global warming


*MINT :*

• Centre aims 1,017 million tonne coal production in 2023-24

• IEX electricity volume rises 4% on-month in January

• IIT Madras, Isro sign MoU to build AR astronaut training module

• Adani Transmission Q3 net profit surges 77% to ₹474 cr, revenue up 22%

• Railways’ earnings from freight loading jumps 16% during Apr-Jan

• Amp Energy India commissions 5 MW solar power project for pharma company BSV

• Top ten global OEMs cut chip spending by 7.6% in 2022, says report

• Muthoot Finance to raise ₹500 crore via secured redeemable NCDs

• Pharma industry seek details on government funding for R&D: IPA

• RBI's 3-day MPC meet starts today, may go for 25 basis points repo rate hike

• ₹4,418 cr allocated for Railways' development in Telangana

• Asia prepares for two-way oil product flows as EU ban, price cap take effect: report

• Agriculture ministry signs MoU to develop national level digital extension platform

• Deutsche Bank is looking at strategic job cuts, UK CEO says
By: via Telegram.me/AlliesFin #StockMarket #india

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...