• India FY22 Corporate Tax Collections Jump 58% Y/y at $95.7B
• RBI Won’t Activate Counter-Cyclical Capital Buffer on Banks Now
• Retail Investors Allowed Bigger Limit for India IPO Application
• India’s EV Sales Seen Doubling Led by Battery-Powered Scooters
o Sales to rise to 800,000 units this FY23: dealers’ body
• India Needs $12.4 Trillion for Net-Zero Transition, Report Says
• India Is Said to Consider Seeking $6.6 Billion in Mega LIC IPO
• Foreign Outflows From India Bonds Gain Momentum
• Global Funds Buy Net INR3.75B of India Stocks on Tuesday: NSE
• Foreign Investors Buy Net INR14.5B of Indian Equities on Monday
• Foreigners Buy Net INR19.4B of Indian Equity Derivatives Tuesday
• Govt extends timeline for loan disbursement for ethanol projects till Sep: PTI
• India generates 3.5 million tonnes plastic waste annually: Env Min: PTI
• 10:30am: S&P Global India PMI Services for March, prior 51.8
• 10:30am: S&P Global India PMI Composite for March, prior 53.5
• Adani Enterprises (ADE): Meet on April 8 for raising of funds via rights issue, preferential allotment, including QIP
• Dish TV (DITV): Says RBI Approved the divestment of Unit Dish TV Lanka
• Gufic Biosciences (CF): Gets DCGI Nod for Thymosin Alpha-1 COVID Treatment
• Tata Consultancy (TCS): Kansas Selects TCS to Transform Unemployment Insurance System
• Tata Steel’s India 4Q Sales Rise 10% Y/y to 5.12m Tons
• Mario (MRCO): Says India Business Stayed ‘Relatively Firm’ in 4Q
• Tata Steel (TATA): Says India 4Q Sales Rise 10% Y/y to 5.12m Tons
• TVS Motor Co (TVSL): To Collaborate with Jio-BP to Explore Creating Public EV Solutions
• RBI Won’t Activate Counter-Cyclical Capital Buffer on Banks Now
• Retail Investors Allowed Bigger Limit for India IPO Application
• India’s EV Sales Seen Doubling Led by Battery-Powered Scooters
o Sales to rise to 800,000 units this FY23: dealers’ body
• India Needs $12.4 Trillion for Net-Zero Transition, Report Says
• India Is Said to Consider Seeking $6.6 Billion in Mega LIC IPO
• Foreign Outflows From India Bonds Gain Momentum
• Global Funds Buy Net INR3.75B of India Stocks on Tuesday: NSE
• Foreign Investors Buy Net INR14.5B of Indian Equities on Monday
• Foreigners Buy Net INR19.4B of Indian Equity Derivatives Tuesday
• Govt extends timeline for loan disbursement for ethanol projects till Sep: PTI
• India generates 3.5 million tonnes plastic waste annually: Env Min: PTI
• 10:30am: S&P Global India PMI Services for March, prior 51.8
• 10:30am: S&P Global India PMI Composite for March, prior 53.5
• Adani Enterprises (ADE): Meet on April 8 for raising of funds via rights issue, preferential allotment, including QIP
• Dish TV (DITV): Says RBI Approved the divestment of Unit Dish TV Lanka
• Gufic Biosciences (CF): Gets DCGI Nod for Thymosin Alpha-1 COVID Treatment
• Tata Consultancy (TCS): Kansas Selects TCS to Transform Unemployment Insurance System
• Tata Steel’s India 4Q Sales Rise 10% Y/y to 5.12m Tons
• Mario (MRCO): Says India Business Stayed ‘Relatively Firm’ in 4Q
• Tata Steel (TATA): Says India 4Q Sales Rise 10% Y/y to 5.12m Tons
• TVS Motor Co (TVSL): To Collaborate with Jio-BP to Explore Creating Public EV Solutions
Stocks in News
Telegram @AlliesFin
Tata Steel: Tata Steel India achieved highest-ever annual crude steel production of 19.06 million tons, with a growth of 13 percent YoY despite the COVID 2nd wave related disruption early in the financial year. Tata Steel India deliveries increased by 6 percent YoY in FY22, surpassing the previous best recorded in FY21. Tata Steel Europe steel production in FY22 grew by 6 percent YoY and total deliveries increased by 2 percent YoY, driven by broad-based improvement in most steel consuming sectors.
Tata Steel Long Products: Its crude steel production grew by 6 percent YoY in FY22, despite the disruption caused by COVID 2nd wave and shutdown of one of the blast furnaces for few weeks during Q4FY22. Steel sales volumes have increased by 2 percent YoY in FY22, with a higher share of rolled product sales enabled by customer approval and continued mix enrichment.
Rain Industries: Due to a lower allocation of raw petroleum coke (RPC) by Directorate General of Foreign Trade (DGFT) for FY23 than in the previous years, the lack of sufficient raw materials has now reached a level necessitating that subsidiary RAIN shuts down one Kiln, until further notice. Subsidiary Rain CM Carbon (Vizag) (RAIN) is facing RPC shortfall to the tune of 40 percent. Apart from calcined petroleum coke (CPC), the shutdown of RAIN's Kiln will also result into net loss of 20 MW of waste-heat power generation to the grid. RAIN has two Kilns for manufacture of CPC at Visakhapatnam, Andhra Pradesh.
Tata Power Company: Resurgent Power Ventures, co-sponsored by Tata Power and ICICI Bank and has other global reputed investors, has completed acquisition of NRSS XXXVI Transmission, a special purpose vehicle to establish and operate transmission system in Northern Region along with LILO of SikarNeemrana 400kV D/C line at Babaion on build-own-operate-maintain (BOOM) basis. Resurgent Power Ventures was set up to acquire stressed assets in the Indian Power Sector.
TVS Motor Company: The company and Jio-bp have agreed to explore the creation of a robust public electric vehicle (EV) charging infrastructure for electric two-wheelers and three-wheelers in the country, building on Jio-bp's growing network in this space. Under this proposed partnership, the customers of TVS electric vehicles are expected to get access to the widespread charging network of Jio-bp, which is also open to other vehicles.
Marico: The FMCG company in its BSE filing said revenue growth in Q4FY22 was in low single digits, while volumes were marginally positive on an exceptionally high base (25 percent), leading to a double-digit volume growth on a 2-year CAGR basis. Parachute Coconut Oil volumes were marginally lower year-on-year, mainly due to a daunting base (29 percent). Value Added Hair Oils grew in low single digits in value terms. The International business delivered double-digit constant currency growth on a strong base, with all markets faring well. Consolidated revenue growth in the quarter touched high-single digits.
Tata Consultancy Services: Kansas Department of Labour (KDOL) has selected TCS to build a modern, secure, web-based system for the state's unemployment insurance program. This will help transforming a legacy mainframe platform from the 1970s into a cloud-based system that dramatically improves the delivery of services to Kansas residents.
Telegram @AlliesFin
Tata Steel: Tata Steel India achieved highest-ever annual crude steel production of 19.06 million tons, with a growth of 13 percent YoY despite the COVID 2nd wave related disruption early in the financial year. Tata Steel India deliveries increased by 6 percent YoY in FY22, surpassing the previous best recorded in FY21. Tata Steel Europe steel production in FY22 grew by 6 percent YoY and total deliveries increased by 2 percent YoY, driven by broad-based improvement in most steel consuming sectors.
Tata Steel Long Products: Its crude steel production grew by 6 percent YoY in FY22, despite the disruption caused by COVID 2nd wave and shutdown of one of the blast furnaces for few weeks during Q4FY22. Steel sales volumes have increased by 2 percent YoY in FY22, with a higher share of rolled product sales enabled by customer approval and continued mix enrichment.
Rain Industries: Due to a lower allocation of raw petroleum coke (RPC) by Directorate General of Foreign Trade (DGFT) for FY23 than in the previous years, the lack of sufficient raw materials has now reached a level necessitating that subsidiary RAIN shuts down one Kiln, until further notice. Subsidiary Rain CM Carbon (Vizag) (RAIN) is facing RPC shortfall to the tune of 40 percent. Apart from calcined petroleum coke (CPC), the shutdown of RAIN's Kiln will also result into net loss of 20 MW of waste-heat power generation to the grid. RAIN has two Kilns for manufacture of CPC at Visakhapatnam, Andhra Pradesh.
Tata Power Company: Resurgent Power Ventures, co-sponsored by Tata Power and ICICI Bank and has other global reputed investors, has completed acquisition of NRSS XXXVI Transmission, a special purpose vehicle to establish and operate transmission system in Northern Region along with LILO of SikarNeemrana 400kV D/C line at Babaion on build-own-operate-maintain (BOOM) basis. Resurgent Power Ventures was set up to acquire stressed assets in the Indian Power Sector.
TVS Motor Company: The company and Jio-bp have agreed to explore the creation of a robust public electric vehicle (EV) charging infrastructure for electric two-wheelers and three-wheelers in the country, building on Jio-bp's growing network in this space. Under this proposed partnership, the customers of TVS electric vehicles are expected to get access to the widespread charging network of Jio-bp, which is also open to other vehicles.
Marico: The FMCG company in its BSE filing said revenue growth in Q4FY22 was in low single digits, while volumes were marginally positive on an exceptionally high base (25 percent), leading to a double-digit volume growth on a 2-year CAGR basis. Parachute Coconut Oil volumes were marginally lower year-on-year, mainly due to a daunting base (29 percent). Value Added Hair Oils grew in low single digits in value terms. The International business delivered double-digit constant currency growth on a strong base, with all markets faring well. Consolidated revenue growth in the quarter touched high-single digits.
Tata Consultancy Services: Kansas Department of Labour (KDOL) has selected TCS to build a modern, secure, web-based system for the state's unemployment insurance program. This will help transforming a legacy mainframe platform from the 1970s into a cloud-based system that dramatically improves the delivery of services to Kansas residents.
Stocks in News
Uma Exports: The company will make its debut on the bourses on April 7.
Godrej Consumer Products: In India, the company expects to deliver close to double-digit sales growth in Q4FY22, driven entirely by pricing. Personal Care sustained its double-digit growth trajectory, primarily led by pricing in Personal Wash, while Home Care witnessed a soft performance on a high base, impacted by a relatively muted season for home insecticides and the discretionary nature of air fresheners. In Godrej Africa, USA and Middle East, it continued growth momentum across most of key countries of operations and expects to deliver a constant currency sales growth close to the mid-teens.
Motherson Sumi Systems: The company has completed acquisition of a 55 percent stake in CIM Tools Private Limited, one of the leading suppliers in aerospace supply chain based in Bengaluru. CIM in turn holds 83 percent in Aero Treatment (ATPL) and 49.99 percent in Lauak CIM Aerospace (JV with Lauak International, LCA). The three founders, Srikanth GS, Umesh AS and Vishwanath Deshpande, retain the remaining 45 percent stake in CIM. Since the initial announcement in October 2021, CIM's order book has grown 26 percent to $252 million.
IDFC: IDFC and a consortium comprising Bandhan Financial Holdings, GIC and ChrysCapital have entered into a definitive agreement to acquire IDFC Asset Management Company and IDFC AMC Trustee Company, from IDFC, for Rs 4,500 crore. The company has declared an interim dividend of Re 1 per equity share.
Asian Granito India: The company in its BSE filing said its Rs 441 crore Rights issue will open for eligible shareholders on April 25. The company has fixed April 12 as record date for the purpose of determining the equity shareholders eligible to receive the rights entitlement in the rights issue. The Rights Entitlement Ratio is 37:30. The company will offer 7 crore equity shares through this Rights issue.
Titan Company: The company in a BSE filing said jewellery business in Q4FY22 declined by 4 percent YoY, with addition of 16 stores during the quarter, but watches & wearables business registered 12 percent growth YoY with addition of 34 stores. Its Eyecare segment reported 5 percent growth YoY with addition of 51 stores during the quarter.
Zee Entertainment Enterprises: Invesco Developing Market Funds will launch a block deal to sell 7.8 percent stake in the company on April 7, but will continue to hold remaining 11 percent stake. Invesco reaffirmed belief that Zee Sony deal has a great potential.
Uma Exports: The company will make its debut on the bourses on April 7.
Godrej Consumer Products: In India, the company expects to deliver close to double-digit sales growth in Q4FY22, driven entirely by pricing. Personal Care sustained its double-digit growth trajectory, primarily led by pricing in Personal Wash, while Home Care witnessed a soft performance on a high base, impacted by a relatively muted season for home insecticides and the discretionary nature of air fresheners. In Godrej Africa, USA and Middle East, it continued growth momentum across most of key countries of operations and expects to deliver a constant currency sales growth close to the mid-teens.
Motherson Sumi Systems: The company has completed acquisition of a 55 percent stake in CIM Tools Private Limited, one of the leading suppliers in aerospace supply chain based in Bengaluru. CIM in turn holds 83 percent in Aero Treatment (ATPL) and 49.99 percent in Lauak CIM Aerospace (JV with Lauak International, LCA). The three founders, Srikanth GS, Umesh AS and Vishwanath Deshpande, retain the remaining 45 percent stake in CIM. Since the initial announcement in October 2021, CIM's order book has grown 26 percent to $252 million.
IDFC: IDFC and a consortium comprising Bandhan Financial Holdings, GIC and ChrysCapital have entered into a definitive agreement to acquire IDFC Asset Management Company and IDFC AMC Trustee Company, from IDFC, for Rs 4,500 crore. The company has declared an interim dividend of Re 1 per equity share.
Asian Granito India: The company in its BSE filing said its Rs 441 crore Rights issue will open for eligible shareholders on April 25. The company has fixed April 12 as record date for the purpose of determining the equity shareholders eligible to receive the rights entitlement in the rights issue. The Rights Entitlement Ratio is 37:30. The company will offer 7 crore equity shares through this Rights issue.
Titan Company: The company in a BSE filing said jewellery business in Q4FY22 declined by 4 percent YoY, with addition of 16 stores during the quarter, but watches & wearables business registered 12 percent growth YoY with addition of 34 stores. Its Eyecare segment reported 5 percent growth YoY with addition of 51 stores during the quarter.
Zee Entertainment Enterprises: Invesco Developing Market Funds will launch a block deal to sell 7.8 percent stake in the company on April 7, but will continue to hold remaining 11 percent stake. Invesco reaffirmed belief that Zee Sony deal has a great potential.
Analysts/Investors Meetings on April 7
Krsnaa Diagnostics: The company's officials will meet Alpha Alternatives, and Sapphire Capital.
RailTel Corporation of India: The company's officials will meet HDFC Life, Aditya Birla Sun Life Insurance, MK ventures, Mahindra Manulife Mutual Fund, Quant Mutual Fund, Aditya Birla Sun Life Mutual Fund, HDFC Mutual Fund and ICICI Prudential Mutual fund.
Allcargo Logistics: The company's officials will meet MK Ventures.
Aarti Drugs: The company's officials will meet investors and analysts.
SMS Pharmaceuticals: The company's officials will meet investors and analysts.
Welspun Corp: The company's officials will meet investors and analysts.
Mahindra Lifespace Developers: The company's officials will meet investors.
Nazara Technologies: The company's officials will meet B&K, CLSA, DAM Capital, Dolat Capital, Equirus, IIFL Securities, Jefferies, MOSL, Phillip Capital, Prabhudas Lilladher, Spark Capital, and Yes Securities.
TCNS Clothing: The company's officials will meet Arihant Capital.
Ujjivan Small Finance Bank: The company's officials will meet IDFC MF.
Tata Motors: The company's officials will meet Bajaj Allianz Life Insurance.
Cera Sanitaryware: The company's officials will meet Ocean Dial Asset Management.
Metropolis Healthcare: The company's officials will meet Julius Baer.
Krsnaa Diagnostics: The company's officials will meet Alpha Alternatives, and Sapphire Capital.
RailTel Corporation of India: The company's officials will meet HDFC Life, Aditya Birla Sun Life Insurance, MK ventures, Mahindra Manulife Mutual Fund, Quant Mutual Fund, Aditya Birla Sun Life Mutual Fund, HDFC Mutual Fund and ICICI Prudential Mutual fund.
Allcargo Logistics: The company's officials will meet MK Ventures.
Aarti Drugs: The company's officials will meet investors and analysts.
SMS Pharmaceuticals: The company's officials will meet investors and analysts.
Welspun Corp: The company's officials will meet investors and analysts.
Mahindra Lifespace Developers: The company's officials will meet investors.
Nazara Technologies: The company's officials will meet B&K, CLSA, DAM Capital, Dolat Capital, Equirus, IIFL Securities, Jefferies, MOSL, Phillip Capital, Prabhudas Lilladher, Spark Capital, and Yes Securities.
TCNS Clothing: The company's officials will meet Arihant Capital.
Ujjivan Small Finance Bank: The company's officials will meet IDFC MF.
Tata Motors: The company's officials will meet Bajaj Allianz Life Insurance.
Cera Sanitaryware: The company's officials will meet Ocean Dial Asset Management.
Metropolis Healthcare: The company's officials will meet Julius Baer.
*🔹INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 07-04-2022 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +1961* 😄
*INDEX FUT. : -1999*
*INDEX OPT. : +7105*
*STOCK FUT. : -2970*
*STOCK OPT. : -175*
*🔹INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 07-APR-22 : (Rs. CRS )*
*FIIS : SELL -5009 (9,346-14,356)* 😭
*DIIS : BUY +1,774 (7,676-5,901)* 😄
*🔹(BlockDeal | Zee Ent Large Trade | 8.76 cr shares (9.1% Equity) worth ₹2,489 cr change hands at average ₹292/sh)*
*BSE SENSEX : -575 (59,035)🔽*
*NSE NIFTY : -168 (17,639)*🔽
*BSE MIDCAP. : -106 (25,069)*🔽
*BSE SMLCAP. : -221 (29,475)*🔽
*B. CRUDE : $ 102.47 (5pm)* 🔽 😀😀
*GOLD: $1929=INR 52100(10gr)(5pm)*🔼😊
*SILVER :* *RS. 66,500 (kg) (5pm) 🔼 🙂*
*FOREX : RS. : $ 75.96* 🔽 😩
*6.54% GOI '32 : 6.9148%(97.3550)* ↔️ 😳
*6.10% GOI '31 : 6.9504% (94.25)* ↔️ 😳
*6.67% GOI '35 : 7.1953% (95.46)* 🔽 🙂
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +1961* 😄
*INDEX FUT. : -1999*
*INDEX OPT. : +7105*
*STOCK FUT. : -2970*
*STOCK OPT. : -175*
*🔹INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 07-APR-22 : (Rs. CRS )*
*FIIS : SELL -5009 (9,346-14,356)* 😭
*DIIS : BUY +1,774 (7,676-5,901)* 😄
*🔹(BlockDeal | Zee Ent Large Trade | 8.76 cr shares (9.1% Equity) worth ₹2,489 cr change hands at average ₹292/sh)*
*BSE SENSEX : -575 (59,035)🔽*
*NSE NIFTY : -168 (17,639)*🔽
*BSE MIDCAP. : -106 (25,069)*🔽
*BSE SMLCAP. : -221 (29,475)*🔽
*B. CRUDE : $ 102.47 (5pm)* 🔽 😀😀
*GOLD: $1929=INR 52100(10gr)(5pm)*🔼😊
*SILVER :* *RS. 66,500 (kg) (5pm) 🔼 🙂*
*FOREX : RS. : $ 75.96* 🔽 😩
*6.54% GOI '32 : 6.9148%(97.3550)* ↔️ 😳
*6.10% GOI '31 : 6.9504% (94.25)* ↔️ 😳
*6.67% GOI '35 : 7.1953% (95.46)* 🔽 🙂
*Business News Headlines*
*Economic Times :*
Ø Vehicles to get costlier as input costs keep rising
Ø NSE-BSE bulk deals: Morgan Stanley, Segantii among those who picked stake in ZEE
Ø Bajaj Holdings, Adani Power may make it to MSCI index
Ø It’s not a good idea to do index investing in India: Mark Mobius
Ø IBBI eases rules for voluntary liquidation
Ø Sonata Software announces succession plan, appoints Samir Dhir as CEO
Ø Balmer Lawrie aims at Rs 6,000 cr topline by FY26: CMD
Ø Cyril Shroff, Falguni Nayar, Nandan Nilekani, Rishad Premji and Sanjeev Bikhchandani at ET CEO Roundtable
Ø Purple Finance announces its merger with BSE listed Canopy Finance
Ø Tata Motors bags order for 1,300 commercial vehicles from VRL Logistics
Ø IRDAI to relook at regulations to widen insurance penetration and give insurers more flexibility
Ø Sri Lanka crisis sends global demand for Indian textiles and teas soaring
Ø NLC India's power generation rises 19 pc to 2,920 cr units in FY22
Ø NCLT approves Tata Steel Mining's resolution plan for Rohit Ferro-Tech
*Business Standard :*
Ø Jet Airways plans to return with a mix of premium, no-frills services
Ø RBI likely to revise inflation outlook as it extends rate pause
Ø CCI probes debt trustee units of SBI, Axis, IDBI on suspected fee cartel
Ø JSW Infra enters container cargo biz; eyes 2 more terminals for Rs 1,400 cr
Ø Tata Motors to export its EVs to mature auto markets
Ø Reliance sets up free EV charging infra for employees in Mumbai campus
Ø Infosys, Rolls-Royce launch 'Aerospace Engg and Digital Innovation Centre'
Ø Reserve Bank of India imposes penalties on three cooperative banks
Ø India's Mahindra says deal to sell SsangYong Motor to Edison terminated
Ø Maruti to recall 19,791 Eeco units to rectify marking of wheel rim size
Ø IDFC MF deal latest in series of M&As in the RS 38-trillion industry
Ø Market does not appreciate ambivalence: Nazara CEO Manish Agarwal
*Financial Express :*
Ø BankBazaar IPO plans: Mulls listing in 2023; seeks to hire 1500 employees to expand product offerings
Ø BSE Technologies gets SEBI nod to operate as KYC Registration Agency
Ø Consumer staples lose steam on rising inflation
Ø MGL, IGL, Gujarat Gas hike CNG prices
Ø RBI proposes to simplify payment settlement process for trade via e-commerce
Ø Subsidy on ‘decontrolled’ fertilisers to be hiked again
Ø Individual investors can use UPI for up to Rs 5 lakh payment in public issues
Ø SEBI inching ahead to set up Social Stock Exchange
Ø Future Enterprises defaults on Rs 19.16 crore loan repayment
Ø No extension of GST aid to states, says Centre
Ø Sugar export may touch 85 lakh tonne this year: ISMA
*Economic Times :*
Ø Vehicles to get costlier as input costs keep rising
Ø NSE-BSE bulk deals: Morgan Stanley, Segantii among those who picked stake in ZEE
Ø Bajaj Holdings, Adani Power may make it to MSCI index
Ø It’s not a good idea to do index investing in India: Mark Mobius
Ø IBBI eases rules for voluntary liquidation
Ø Sonata Software announces succession plan, appoints Samir Dhir as CEO
Ø Balmer Lawrie aims at Rs 6,000 cr topline by FY26: CMD
Ø Cyril Shroff, Falguni Nayar, Nandan Nilekani, Rishad Premji and Sanjeev Bikhchandani at ET CEO Roundtable
Ø Purple Finance announces its merger with BSE listed Canopy Finance
Ø Tata Motors bags order for 1,300 commercial vehicles from VRL Logistics
Ø IRDAI to relook at regulations to widen insurance penetration and give insurers more flexibility
Ø Sri Lanka crisis sends global demand for Indian textiles and teas soaring
Ø NLC India's power generation rises 19 pc to 2,920 cr units in FY22
Ø NCLT approves Tata Steel Mining's resolution plan for Rohit Ferro-Tech
*Business Standard :*
Ø Jet Airways plans to return with a mix of premium, no-frills services
Ø RBI likely to revise inflation outlook as it extends rate pause
Ø CCI probes debt trustee units of SBI, Axis, IDBI on suspected fee cartel
Ø JSW Infra enters container cargo biz; eyes 2 more terminals for Rs 1,400 cr
Ø Tata Motors to export its EVs to mature auto markets
Ø Reliance sets up free EV charging infra for employees in Mumbai campus
Ø Infosys, Rolls-Royce launch 'Aerospace Engg and Digital Innovation Centre'
Ø Reserve Bank of India imposes penalties on three cooperative banks
Ø India's Mahindra says deal to sell SsangYong Motor to Edison terminated
Ø Maruti to recall 19,791 Eeco units to rectify marking of wheel rim size
Ø IDFC MF deal latest in series of M&As in the RS 38-trillion industry
Ø Market does not appreciate ambivalence: Nazara CEO Manish Agarwal
*Financial Express :*
Ø BankBazaar IPO plans: Mulls listing in 2023; seeks to hire 1500 employees to expand product offerings
Ø BSE Technologies gets SEBI nod to operate as KYC Registration Agency
Ø Consumer staples lose steam on rising inflation
Ø MGL, IGL, Gujarat Gas hike CNG prices
Ø RBI proposes to simplify payment settlement process for trade via e-commerce
Ø Subsidy on ‘decontrolled’ fertilisers to be hiked again
Ø Individual investors can use UPI for up to Rs 5 lakh payment in public issues
Ø SEBI inching ahead to set up Social Stock Exchange
Ø Future Enterprises defaults on Rs 19.16 crore loan repayment
Ø No extension of GST aid to states, says Centre
Ø Sugar export may touch 85 lakh tonne this year: ISMA
*🌹India Daybook – Stocks in News*
*Cholamandalam Investment:* Disbursements for Q4FY22 stood approximately at Rs 12,718 crore, a growth of 58 percent (Positive)
*Infosys:* Company and Rolls-Royce extended strategic collaboration with the launch of joint 'Aerospace Engineering and Digital Innovation Centre in Bengaluru (Positive)
*Hester Biosciences:* The board has approved the execution of Grantin-Aid Letter Agreement for a grant of Rs 60 crore (in a phased manner) to the company (Positive)
*Sobha:* The company achieved a total sales volume of 1.34 million square feet of super built-up area and the highest ever realisation of Rs 1,109.6 crore for the quarter (Positive)
*NTPC* to Team Up with Indian State to Build 2.5 GW Solar Park (Positive)
*Jindal Stainless:* 4Q Sales Volume Up 6% Y/y at 269,168mt. (Positive)
*Lupin:* Introduces Merzee Capsules in the United States. (Positive)
Steel Mint: *Steel companies* have hiked prices of HRC by Rs 4000-5000 per tonne. (Positive)
*Uflex:* CRISIL has upgraded long-term credit rating on the company's loan facilities to AA- from A+. (Positive)
*Rail Vikas Nigam:* The company has signed a contract with ICF, for manufacture and acquisition of 296 numbers of communication based train control system (Positive)
*Sterling and Wilson:* The company posted a loss of Rs 126.61 crore versus loss of Rs 344.8 per share. (Positive)
*Sonata Software:* The board has approved the appointment of Samir Dhir as CEO of the company with effect from April 8, 2022. (Neutral)
*Punjab & Sind Bank:* The bank has executed an agreement for sale of its 8 percent stake in India SME Asset Reconstruction Company. (Neutral)
*JSW lspat:* The crude steel production in Q4FY22 at 0.17 million tonnes increased by 11 percent, from 0.15 million tonnes in same period last year (Neutral)
*Adani Ent/Green/Trans:* Board meets On Fund Raising Via Rights / Preferential Allotment / QIP (Neutral)
*IB Real:* Launch QIP with Floor Price At Rs 106.38/Share (Neutral)
*RBL Bank:* Integrated Core Strategies Asia Pte Ltd offloaded 34,30,700 equity shares in the company (Negative)
*Uma Exports:* Tradedeal Financial Services has sold 2,84,121 equity shares in the company via open market transactions (Negative)
*Aster DM:* Indium IV (Mauritius) Holdings sold 33,79,797 equity shares in the company on the NSE. (Negative)
*Cholamandalam Investment:* Disbursements for Q4FY22 stood approximately at Rs 12,718 crore, a growth of 58 percent (Positive)
*Infosys:* Company and Rolls-Royce extended strategic collaboration with the launch of joint 'Aerospace Engineering and Digital Innovation Centre in Bengaluru (Positive)
*Hester Biosciences:* The board has approved the execution of Grantin-Aid Letter Agreement for a grant of Rs 60 crore (in a phased manner) to the company (Positive)
*Sobha:* The company achieved a total sales volume of 1.34 million square feet of super built-up area and the highest ever realisation of Rs 1,109.6 crore for the quarter (Positive)
*NTPC* to Team Up with Indian State to Build 2.5 GW Solar Park (Positive)
*Jindal Stainless:* 4Q Sales Volume Up 6% Y/y at 269,168mt. (Positive)
*Lupin:* Introduces Merzee Capsules in the United States. (Positive)
Steel Mint: *Steel companies* have hiked prices of HRC by Rs 4000-5000 per tonne. (Positive)
*Uflex:* CRISIL has upgraded long-term credit rating on the company's loan facilities to AA- from A+. (Positive)
*Rail Vikas Nigam:* The company has signed a contract with ICF, for manufacture and acquisition of 296 numbers of communication based train control system (Positive)
*Sterling and Wilson:* The company posted a loss of Rs 126.61 crore versus loss of Rs 344.8 per share. (Positive)
*Sonata Software:* The board has approved the appointment of Samir Dhir as CEO of the company with effect from April 8, 2022. (Neutral)
*Punjab & Sind Bank:* The bank has executed an agreement for sale of its 8 percent stake in India SME Asset Reconstruction Company. (Neutral)
*JSW lspat:* The crude steel production in Q4FY22 at 0.17 million tonnes increased by 11 percent, from 0.15 million tonnes in same period last year (Neutral)
*Adani Ent/Green/Trans:* Board meets On Fund Raising Via Rights / Preferential Allotment / QIP (Neutral)
*IB Real:* Launch QIP with Floor Price At Rs 106.38/Share (Neutral)
*RBL Bank:* Integrated Core Strategies Asia Pte Ltd offloaded 34,30,700 equity shares in the company (Negative)
*Uma Exports:* Tradedeal Financial Services has sold 2,84,121 equity shares in the company via open market transactions (Negative)
*Aster DM:* Indium IV (Mauritius) Holdings sold 33,79,797 equity shares in the company on the NSE. (Negative)
*🔹Mkt. Updates :*
*SGX Nifty -20 pts (17722) from last trade 17742 ,*
Nikkei +29 pts ,
Hangseng -141 pts ,
Now @6.52am .
Dow +87.06 pts ,Nsdq +8.46 pts, S&P
+19.06 pts , Bovespa +634 pts , Ftse -35 pts , Dax -73 pts , Cac -37 pts , Crude @ $96.68 brl (+0.65), Brent @ $100.58 brl (+0.00) , Gold @ 1934.60(-3.20), Silver @ $24.725 (-0.01), Euro @ $1.0872, JPY @ $124.14, INR @ 75.895
*🔹US GOVT. 10-YEAR YIELD : 2.64%*
*Today's Corporate Action, 08 Apr Ex Date :*
ANGELONE
Interim Dividend - Rs. - 7.0000
DATASOFT
E.G.M.
*Today's Key Results/Board Meetings, 08-Apr-22:*
CESL
Scheme of Arrangement
GBFL
General
GTPL
Audited Results;Final Dividend
ICSL
Audited Results
LATIMMETAL
Stock Split
*SEC. IN F&O BSN FOR , 08-Apr-22 :*
*NIL*
*Today's Alert :*
*RBI to Conduct Auction of GOI BONDS for INR 320 Billion*
*SGX Nifty -20 pts (17722) from last trade 17742 ,*
Nikkei +29 pts ,
Hangseng -141 pts ,
Now @6.52am .
Dow +87.06 pts ,Nsdq +8.46 pts, S&P
+19.06 pts , Bovespa +634 pts , Ftse -35 pts , Dax -73 pts , Cac -37 pts , Crude @ $96.68 brl (+0.65), Brent @ $100.58 brl (+0.00) , Gold @ 1934.60(-3.20), Silver @ $24.725 (-0.01), Euro @ $1.0872, JPY @ $124.14, INR @ 75.895
*🔹US GOVT. 10-YEAR YIELD : 2.64%*
*Today's Corporate Action, 08 Apr Ex Date :*
ANGELONE
Interim Dividend - Rs. - 7.0000
DATASOFT
E.G.M.
*Today's Key Results/Board Meetings, 08-Apr-22:*
CESL
Scheme of Arrangement
GBFL
General
GTPL
Audited Results;Final Dividend
ICSL
Audited Results
LATIMMETAL
Stock Split
*SEC. IN F&O BSN FOR , 08-Apr-22 :*
*NIL*
*Today's Alert :*
*RBI to Conduct Auction of GOI BONDS for INR 320 Billion*
Analysts/Investors Meetings on April 8
Krsnaa Diagnostics: The company's officials will meet Sunidhi Securities and Finance; and HDFC Life Insurance Company.
Ganesha Ecosphere: The company's officials will meet Abakkus Asset Manager.
Tata Motors: The company's officials will meet Canara Robeco Mutual Fund.
Data Patterns (India): The company's officials will meet Franklin Templeton Investments.
HSIL: The company's officials will meet HDFC Securities.
Welspun Corp: The company's officials will meet investors and analysts.
Nazara Technologies: The company's officials will meet Millennium Partners.
Ajmera Realty & Infra India: The company's officials will meet Ventura Securities.
Hindustan Foods: The company's officials will meet analysts and investors.
Krsnaa Diagnostics: The company's officials will meet Sunidhi Securities and Finance; and HDFC Life Insurance Company.
Ganesha Ecosphere: The company's officials will meet Abakkus Asset Manager.
Tata Motors: The company's officials will meet Canara Robeco Mutual Fund.
Data Patterns (India): The company's officials will meet Franklin Templeton Investments.
HSIL: The company's officials will meet HDFC Securities.
Welspun Corp: The company's officials will meet investors and analysts.
Nazara Technologies: The company's officials will meet Millennium Partners.
Ajmera Realty & Infra India: The company's officials will meet Ventura Securities.
Hindustan Foods: The company's officials will meet analysts and investors.
Warren Buffet Made Over 99.6% Of His Wealth After The Age Of 52 - *That’S The Power Of “Compounding”*
Gautam Adani Made 89% Of His Wealth In Last 1 Year - *That's The Power Of “Momentum” ! 😅*
Gautam Adani Made 89% Of His Wealth In Last 1 Year - *That's The Power Of “Momentum” ! 😅*
Business News Headlines🇮🇳
Economic Times
Ø Vedanta to move towards green steel; working on solution
Ø Income Tax Department moves HC against ITAT's Tata Trusts order
Ø RK Damani increases stake in VST Industries, trims in Blue Dart
Ø FPIs turn net buyers in April so far; invest Rs 7,707 cr in equities
Ø India among top priority markets; to grow in double digits: Oriflame
Ø JSPL plans to set up India's second coal gasification plant at Raigarh
Ø Goodluck India to invest Rs 200 cr in 2-3 yrs to scale up capacity: CMD
Ø Equity mutual funds see Rs 1.64 lakh crore net inflow in FY22 on strong SIP book
Ø BMW eyes 'mega year' in India post Q1 show; to launch 24 products
Ø Tata Motors bags order for 1,300 commercial vehicles from VRL Logistics
Ø High 5G spectrum prices may push players up against the wall: COAI DG
Ø Sri Lanka crisis sends global demand for Indian textiles and teas soaring
Ø NLC India's power generation rises 19 pc to 2,920 cr units in FY22
Ø Discoms' outstanding dues to gencos rise 17.3 pc to Rs 1,23,244 cr in April
Business Standard
Ø Reliance Capital debt resolution may be delayed over subsidiaries
Ø Equity volumes see strong growth in FY22 despite tightening of margin norms
Ø For 3rd quarter in row, Indian startup funding crosses $10 bn in Q1
Ø Cabinet nod to distribute fortified rice under central schemes
Ø Sensitive to the West's sanctions against Russia, says RBI governor
Ø Piyush Goyal seeks investments from Australia; assures better returns
Ø India's tax revenues soar to a record high of Rs 27.07 trillion in FY22
Ø Reserve Bank of India imposes penalties on three cooperative banks
Ø Cadila Pharma launches world's first novel 3-dose vaccine against rabies
Ø Jaguar Land Rover sales decline 36% in Q4 as semiconductor woes continue
Ø IDFC MF deal latest in series of M&As in the RS 38-trillion industry
Ø TCS-led consortium bags Rs 550-crore order to deploy 4G gears in BSNL
Financial Express
Ø India’s import bill for edible oil likely to jump by $2 billion
Ø Vegetable prices soar in Delhi due to high transportation cost
Ø Consumer staples lose steam on rising inflation
Ø Shell says Russia exit has already cost $5 billion
Ø Sebi forms working groups to review criteria for MF sponsors
Ø Subsidy on ‘decontrolled’ fertilisers to be hiked again
Ø Individual investors can use UPI for up to Rs 5 lakh payment in public issues
Ø SEBI inching ahead to set up Social Stock Exchange
Ø Future Enterprises defaults on Rs 19.16 crore loan repayment
Ø No extension of GST aid to states, says Centre
Ø India to export 30-35 lakh tonnes of wheat in April-July: Food Secy
Economic Times
Ø Vedanta to move towards green steel; working on solution
Ø Income Tax Department moves HC against ITAT's Tata Trusts order
Ø RK Damani increases stake in VST Industries, trims in Blue Dart
Ø FPIs turn net buyers in April so far; invest Rs 7,707 cr in equities
Ø India among top priority markets; to grow in double digits: Oriflame
Ø JSPL plans to set up India's second coal gasification plant at Raigarh
Ø Goodluck India to invest Rs 200 cr in 2-3 yrs to scale up capacity: CMD
Ø Equity mutual funds see Rs 1.64 lakh crore net inflow in FY22 on strong SIP book
Ø BMW eyes 'mega year' in India post Q1 show; to launch 24 products
Ø Tata Motors bags order for 1,300 commercial vehicles from VRL Logistics
Ø High 5G spectrum prices may push players up against the wall: COAI DG
Ø Sri Lanka crisis sends global demand for Indian textiles and teas soaring
Ø NLC India's power generation rises 19 pc to 2,920 cr units in FY22
Ø Discoms' outstanding dues to gencos rise 17.3 pc to Rs 1,23,244 cr in April
Business Standard
Ø Reliance Capital debt resolution may be delayed over subsidiaries
Ø Equity volumes see strong growth in FY22 despite tightening of margin norms
Ø For 3rd quarter in row, Indian startup funding crosses $10 bn in Q1
Ø Cabinet nod to distribute fortified rice under central schemes
Ø Sensitive to the West's sanctions against Russia, says RBI governor
Ø Piyush Goyal seeks investments from Australia; assures better returns
Ø India's tax revenues soar to a record high of Rs 27.07 trillion in FY22
Ø Reserve Bank of India imposes penalties on three cooperative banks
Ø Cadila Pharma launches world's first novel 3-dose vaccine against rabies
Ø Jaguar Land Rover sales decline 36% in Q4 as semiconductor woes continue
Ø IDFC MF deal latest in series of M&As in the RS 38-trillion industry
Ø TCS-led consortium bags Rs 550-crore order to deploy 4G gears in BSNL
Financial Express
Ø India’s import bill for edible oil likely to jump by $2 billion
Ø Vegetable prices soar in Delhi due to high transportation cost
Ø Consumer staples lose steam on rising inflation
Ø Shell says Russia exit has already cost $5 billion
Ø Sebi forms working groups to review criteria for MF sponsors
Ø Subsidy on ‘decontrolled’ fertilisers to be hiked again
Ø Individual investors can use UPI for up to Rs 5 lakh payment in public issues
Ø SEBI inching ahead to set up Social Stock Exchange
Ø Future Enterprises defaults on Rs 19.16 crore loan repayment
Ø No extension of GST aid to states, says Centre
Ø India to export 30-35 lakh tonnes of wheat in April-July: Food Secy
👍1
🌹India Daybook – Stocks in News
SMS Life: The USFDA has completed an inspection of the company's API manufacturing facility located at Telangana without any observations. (Positive)
Seamec: The company along with consortium partner Posh India Offshore has entered into an understanding with infrastructure major Larsen & Toubro (Positive)
RITES: In Pact with IIT- Delhi for Road Design, Safety Projects (Positive)
CARE: Nippon India Mutual Fund increased its shareholding in rating agency CARE Ratings, acquiring a fresh 5,17,281 equity share (Positive)
Tata Steel: The NCLT has approved the Resolution Plan submitted by for the acquisition of Rohit Ferro-Tech (Positive)
Shoppers Stop: The company has completed the further sale of 19.50 percent of its stake in Crossword Bookstores. (Positive)
Wipro: The company has appointed Anis Chenchah as CEO for 4 regions. (Positive)
Bandhan Bank: Housing Development Finance Corp. Sold 49.63m Shares of Bandhan, Society General Buys 19.08m shares: BSE. (Neutral)
* Indian Oil:* Drunk Airplane Maintenance Staff Found in India Crackdown (Neutral)
IDBI: RBI Imposes INR9m Monetary Penalty on IDBI Bank. (Neutral)
Axis Bank: Reserve Bank of India Imposes Inr9.3M Penalty on Axis Bank (Neutral)
Tata Motors: JLR continued to face the risk of global semiconductor shortage, as its retail sales fell sharply by 36 percent (Neutral)
Dr Reddy's: The company will execute an amalgamation scheme with the promoter group on April 22. (Neutral)
GTPL Hathway: Profit declined 4.3 percent to Rs 54.5 crore and revenue fell 17.5 percent to Rs 617.3 crore (Neutral)
Uma Exports: Purple Entertainment sold 2,07,583 equity shares at an average price of Rs 83.75 per share (Negative)
SMS Life: The USFDA has completed an inspection of the company's API manufacturing facility located at Telangana without any observations. (Positive)
Seamec: The company along with consortium partner Posh India Offshore has entered into an understanding with infrastructure major Larsen & Toubro (Positive)
RITES: In Pact with IIT- Delhi for Road Design, Safety Projects (Positive)
CARE: Nippon India Mutual Fund increased its shareholding in rating agency CARE Ratings, acquiring a fresh 5,17,281 equity share (Positive)
Tata Steel: The NCLT has approved the Resolution Plan submitted by for the acquisition of Rohit Ferro-Tech (Positive)
Shoppers Stop: The company has completed the further sale of 19.50 percent of its stake in Crossword Bookstores. (Positive)
Wipro: The company has appointed Anis Chenchah as CEO for 4 regions. (Positive)
Bandhan Bank: Housing Development Finance Corp. Sold 49.63m Shares of Bandhan, Society General Buys 19.08m shares: BSE. (Neutral)
* Indian Oil:* Drunk Airplane Maintenance Staff Found in India Crackdown (Neutral)
IDBI: RBI Imposes INR9m Monetary Penalty on IDBI Bank. (Neutral)
Axis Bank: Reserve Bank of India Imposes Inr9.3M Penalty on Axis Bank (Neutral)
Tata Motors: JLR continued to face the risk of global semiconductor shortage, as its retail sales fell sharply by 36 percent (Neutral)
Dr Reddy's: The company will execute an amalgamation scheme with the promoter group on April 22. (Neutral)
GTPL Hathway: Profit declined 4.3 percent to Rs 54.5 crore and revenue fell 17.5 percent to Rs 617.3 crore (Neutral)
Uma Exports: Purple Entertainment sold 2,07,583 equity shares at an average price of Rs 83.75 per share (Negative)
👍1
MKT. UPDATES :
SGX Nifty -33 pts (17862) from last trade 17895 ,
Nikkei +9 pts ,
Hangseng -184 pts ,
Now @7.00am .
Dow +137.55 pts ,Nsdq -186.30 pts, S&P
-11.93 pts , Bovespa -539 pts , Ftse +117 pts , Dax +205 pts , Cac +86 pts , Crude @ $96.37 brl (-1.89), Brent @ $100.91 brl (-1.87) , Gold @ 1948.40(+2.80), Silver @ $24.89 (+0.06), Euro @ $1.0887, JPY @ $124.58, INR @ 75.945
US GOVT. 10-YEAR YIELD : 2.72%
Today's Corporate Action, 11th Apr Ex Date :
ASIANTILES
Right Issue of Equity Shares
BMW
Interim Dividend - Rs. - 0.0200
PCBL
Stock Split From Rs.2/- to Rs.1/-
Today's Key Results/Board Meetings, 11-Apr-22 :
7NR
General;Right Issue of Equity Shares
BETXIND
General
BIRLATYRES
Quarterly Results;Audited Results
DELTACORP
Final Dividend;Audited Results
DML
General
ELNET
Final Dividend;Audited Results
GOLECHA
Quarterly Results
HATHWAYB
Audited Results
KESORAMIND
Quarterly Results;Audited Results
LASA
Final Dividend;Audited Results
MNIL
Right Issue of Equity Shares;Audited Results
MPL
Audited Results
NESTLEIND
Quarterly Results;Interim Dividend
RRMETAL
General
SHUKJEW
Audited Results
SKRABUL
Audited Results
SUPRBPA
Preferential Issue of shares
TCS
Final Dividend;Audited Results
UDAYJEW
General
SEC. 8N F&O BAN FOR, 11-Apr-22 :
1. RBLBANK
Today's Alert :
RBI to Conduct Auction of SDLS BONDS for INR 20 Billion
SGX Nifty -33 pts (17862) from last trade 17895 ,
Nikkei +9 pts ,
Hangseng -184 pts ,
Now @7.00am .
Dow +137.55 pts ,Nsdq -186.30 pts, S&P
-11.93 pts , Bovespa -539 pts , Ftse +117 pts , Dax +205 pts , Cac +86 pts , Crude @ $96.37 brl (-1.89), Brent @ $100.91 brl (-1.87) , Gold @ 1948.40(+2.80), Silver @ $24.89 (+0.06), Euro @ $1.0887, JPY @ $124.58, INR @ 75.945
US GOVT. 10-YEAR YIELD : 2.72%
Today's Corporate Action, 11th Apr Ex Date :
ASIANTILES
Right Issue of Equity Shares
BMW
Interim Dividend - Rs. - 0.0200
PCBL
Stock Split From Rs.2/- to Rs.1/-
Today's Key Results/Board Meetings, 11-Apr-22 :
7NR
General;Right Issue of Equity Shares
BETXIND
General
BIRLATYRES
Quarterly Results;Audited Results
DELTACORP
Final Dividend;Audited Results
DML
General
ELNET
Final Dividend;Audited Results
GOLECHA
Quarterly Results
HATHWAYB
Audited Results
KESORAMIND
Quarterly Results;Audited Results
LASA
Final Dividend;Audited Results
MNIL
Right Issue of Equity Shares;Audited Results
MPL
Audited Results
NESTLEIND
Quarterly Results;Interim Dividend
RRMETAL
General
SHUKJEW
Audited Results
SKRABUL
Audited Results
SUPRBPA
Preferential Issue of shares
TCS
Final Dividend;Audited Results
UDAYJEW
General
SEC. 8N F&O BAN FOR, 11-Apr-22 :
1. RBLBANK
Today's Alert :
RBI to Conduct Auction of SDLS BONDS for INR 20 Billion