Tata Steel has announced to split its stock in the ratio of 1:10 and the EX Date for the corporate action is July 28, 2022. In other words, an investor holding shares today (July 27, 2022) will be eligible for the split and receive 10 shares of the company against 1 share held.

Future: The current lot size is 425; this will change to 4250 shares per lot starting from tomorrow (July 28, 2022).

*🔹INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 27-07-2022 :*

*FIIS F & O : RS. CRS. :*

*TOTAL NET BUY : +5443* 😄😄

*INDEX FUT. : +1642*

*INDEX OPT. : +2118*

*STOCK FUT. : +1129*

*STOCK OPT. : +554*

*🔹SEC. IN F&O BAN FOR, 28 JUL, 2022 :*

*1. IBULHSGFIN*
*2. DELTACORP*

*ADDITION : NIL*
*DELETION : NIL*


*🔹INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 27-JUL-22 : (Rs. CRS )*

*FIIS : SELL -437 (4,940-5,377)* 😔

*DIIS : BUY +712 (5,448-4,736)* 😊

*BSE SENSEX : +548 (55,816)🔼*

*NSE NIFTY : +158 (16,642)🔼*

*BSE MIDCAP. : +210 (23,590)*🔼

*BSE SMLCAP. : +100 (26,518)*🔼

*B. CRUDE : $ 105.69* 🔽 😊

*GOLD: $1715=INR 50,020(10gr)* ↔️ 😳

*SILVER :* *RS. 54,800 (kg) (5pm) ↔️ 😳*

*FOREX : RS. : $ 79.8975* 🔽 😔

*6.54% GOI '32 : 7.3380% (94.6175)* 🔽 😊

*5.74% GOI '26 : 7.0087% (95.35)* 🔽 🙂

*7.54% GOI '36 : 7.5640% (99.78)* 🔽 🙂

A $9.4 trillion results day looms in a test for stock market

https://economictimes.indiatimes.com/markets/stocks/news/a-9-4-trillion-results-day-looms-in-a-test-for-stock-market/articleshow/93166585.cms

Fed raises rates by 75 basis points to double down on inflation

https://economictimes.indiatimes.com/markets/stocks/news/fed-raises-rates-by-75-basis-points-to-double-down-on-inflation/articleshow/93170239.cms

*SGX Nifty +💯 pts (16760) from last trade 16660 ,*


Nikkei -45 pts ,
Hangseng +35 pts ,
Now @ 6.57am .


Dow +436.05 pts ,Nsdq +469.85 pts, S&P
+102.56 pts, Bovespa +1666 pts , Ftse +41 pts , Dax +69 pts , Cac +46 pts , Crude @ $97.75 brl (+0.49), Brent @ $106.96 brl (+0.34) , Gold @ 1736.40 (+17.30), Silver @ $19.10 (+0.50), Euro @ $1.0187, JPY @ $136.33,  INR @ 79.845





*Today's Corporate Action*
*28th July Ex Date*



AKZOINDIA
Final Dividend - Rs. - 35.0000
AMARAJABAT
Final Dividend - Rs. - 0.5000
ASALCBR
Final Dividend - Rs. - 1.0000
AUTOAXLES
Final Dividend - Rs. - 15.0000
BAJAJELEC
Final Dividend - Rs. - 3.0000
BENGALT
Final Dividend - Rs. - 1.0000
DLINKINDIA
Final Dividend - Rs. - 3.0000
EMBASSY
Income Distribution
RITES  EMUDHRA
Final Dividend - Rs. - 1.2500
FCLFinal Dividend - Rs. - 0.4000
ICICIGI
Final Dividend - Rs. - 5.0000
ICRA
Dividend - Rs. - 28.0000
INDPRUD
Dividend - Rs. - 50.0000
KANCOTEA
Dividend - Rs. - 1.0000
KAYCEEI
Final Dividend - Rs. - 50.0000
MUNJALSHOW
Dividend - Rs. - 4.5000
NESCO
Final Dividend - Rs. - 3.0000O
SIAJEE
Interim Dividend 
ROSSELLIND
Dividend - Rs. - 0.3000
SAHYADRI
Final Dividend - Rs. - 3.0000
SAKSOFT
Final Dividend - Rs. - 3.0000
SHILCTECH
Final Dividend - Rs. - 4.0000
SMRUTHIORG
Dividend - Rs. - 3.0000
SRF
Interim Dividend 
SUBROS
Final Dividend - Rs. - 0.7000
TATASTEEL
Stock  Split From Rs.10/- to Rs.1/-TRIL
Final Dividend - Rs. - 0.1500
WIMPLAST
Final Dividend - Rs. - 8.0000
ZYDUSLIFE
Final Dividend - Rs. - 2.5000

"Once we are clear about what we are doing and why, other people's opinions will not matter." Axiit

*Business News Headlines*🇮🇳

*Economic Times*

Ø Sebi clears change in ownership of HDFC Ltd's subsidiary HDFC Property Ventures
Ø Biocon net profit rises 71 pc to Rs 144 crore in June quarter
Ø Varun Beverages: Two entities settle insider trading case with Sebi
Ø Sebi moves SC against stay on order rejecting Brickwork's consent plea
Ø 5G spectrum auction: Bids worth ₹1.45 lakh crore on Day 1
Ø A $9.4 trillion results day looms in a test for stock market
Ø IMF cuts India’s growth forecast, ups global inflation projection
Ø CCI approves Greenforest New Energies' stake buy in Tata Power Renewable
Ø HAL signs USD 100 mn engine contract with Honeywell
Ø Hatsun Agro breaches Rs 2,000 crore sales mark in April-June quarter
Ø Tata Group delivers indigenously developed Quick Reaction Fighting Vehicle to Indian Army
Ø Semiconductor shortage issue is easing: Tata Motors Group CFO

*Business Standard*

Ø Fed raises rates by 75 bps to tame inflation, flags weakening economic data
Ø Q1 results: Private banks' net profit rises 47% on fall in provisions
Ø Mergers & acquisitions on rise as startups diversify into newer spaces
Ø Want to cut govt stake in Union Bank to at least 75%: CEO A Manimekhalai
Ø Eutelsat, OneWeb to merge; Bharti to be single largest shareholder
Ø IDBI Bank sale: Clarity on sale glide path for buyers after EoI stage
Ø CFM ARC sells JBF Industries assets to Reliance Industries entity
Ø IT companies' margins decline to decade-low of 23.2% in June quarter
Ø 2-wheeler makers accelerate global expansion plans as exports gain traction
Ø Cabinet approves BPCL unit's $1.6-bn investment plan in Brazil

*Financial Express*

Ø Sebi again extends deadline for commencing KYC record validation by KRAs
Ø Sebi may expand disclosure requirements for QIP proceeds
Ø Powergrid Infrastructure Q1 net profit grows 84% to Rs 213.9 crore
Ø CCI approves Greenforest New Energies’ stake buy in Tata Power Renewable
Ø HDFC Life plans to raise funds by issuing equity, other securities
Ø Cabinet nod to Rs 1.64 lakh cr BSNL revival package
Ø Govt, LIC may offer up to 60% stake in IDBI Bank
Ø Mudra NPAs moderate in FY22, though still above pre-Covid levels
Ø Import reliance for oil jumps 10 percentage pts since 2015
Ø Tata Steel signs MoU with startup for drone-based mining solutions

India Daybook – Stocks in News


BPCL: Cabinet approves $1.6 bn investment by BPCL’s unit in Brazil (Positive)

Schaeffler: Net Profit up 76.2% at Rs 225.7 cr Vs Rs 128.1 cr, Revenue up 41.9% at Rs 1,748.8 cr Vs Rs 1,232.8 cr YoY (Positive)

Latent View: Net profit up 40.8% at Rs 31.4 cr Vs Rs 22.3 cr, Revenue up 36.6% at Rs 119.9 cr Vs Rs 87.8 cr YoY (Positive)

Bajaj Finance: GNPA and NNPA came at historic lows, will continue to trend downwards for next 2-3 quarters (Positive)

Exide Ind: Company signs a lease agreement with the Karnataka Industrial Areas Development Board for an 80-acre plot in Bengaluru. (Positive)

EIH: Net profit at Rs 2.8 cr Vs loss of Rs 113.2 cr, Revenue at Rs 394.3 cr Vs Rs 95.2 cr YoY (Positive)

Novartis: Net profit at Rs 52.3 cr Vs Rs 6.2 cr, Revenue up 23.2% at Rs 120.9 cr Vs Rs 98.1 cr (Positive)

VIP Ind: Net profit at Rs 69.1 cr vs Rs 2.5 cr, Revenue at Rs 590.6 cr vs Rs 206.2 cr (Positive)

Dixon: Net profit at Rs 45.7 cr Vs Rs 18.1 cr, Revenue up 52.9% at Rs 2,855.1 cr Vs Rs 1,867.3 cr. (Positive)

Hindustan Aeronautics: HAL has signed contract worth over $100 million with Honeywell for HTT-40 Engines (Positive)

Dhampur Sugar: The company on Wednesday reported a 26.2 percent year-on-year increase in net profit at Rs 39.3 crore for the April-June quarter. (Positive)

Blue Dart: 1Q net income 1.17b rupees Vs. 293.7m Y/y; revenue +49% to 12.9b (Positive)

IIFL Finance: 1Q group net profit 3.3b rupees vs 2.66b Y/y; Total income 19.75b vs. 15.3b (Positive)

Poonawalla Fincorp: 1Q net income 1.41b rupee vs. 645.4m Y/y; revenue +14% to 5.45b (Positive)

Shriram City Union: 1Q net income +55% Y/y to 3.23b rupees, beats est. 2.92b (Positive)

Tech Mahindra: Partners Google for launch of Street-level imagery view in India (Positive)

Filatex: Net profit down 16.8% at Rs 43.4 cr Vs Rs 52.1 cr, Revenue up 46.4% at Rs 1,023.3 cr Vs Rs 698.9 cr (Neutral)

Shoppers Stop: To invest INR200m in its unit Global SS (Neutral)

Spice Jet: DGCA orders SpiceJet to operate just 50% of approved flights for 8 weeks following multiple snags

Aarti Drugs: Net profit down 28.7% at Rs 34.8 cr Vs Rs 48.8 cr, Revenue up 7.2% at Rs 622 cr Vs Rs 580 cr (YoY).

JK Lakshmi: Profit down 15.37% at Rs 111.18 cr Vs Rs 131.37 cr. Revenue up 24.8% at Rs 1,654.1 cr Vs Rs 1,325.6 cr

Laxmi Organics: Net profit down 36.6% at Rs 64.8 cr Vs Rs 102.3 cr, Revenue up 2.7% at Rs 756.6 cr Vs Rs 736.3 cr

Welspun India: Net profit down 89.7% at Rs 22.4 cr Vs Rs 217.5 cr; Revenue down 11.6% at Rs 1,957.3 cr Vs Rs 2,214.5 cr

UBL: Net profit at Rs 161.68 cr Vs Poll of Rs 196 cr, Revenues at Rs 2436.0 cr Vs Poll of Rs 2253 cr.

Biocon: Net profit at Rs 144.4 cr Vs poll of Rs 206.9 cr, Revenues at Rs 2139 cr Vs poll of Rs 2280 cr YoY

Tata Motors: Net loss at Rs 5,006.6 cr Vs poll of 1,299 cr loss, Revenues at Rs 71935 cr Vs poll of Rs 71331 cr YoY

NIFTY ON CHARTS

*Instl. Investors EQUITY Cash Trades PROV. - 28/07/2022 : Rs. CRS. :*

*FIIS : BUY +1,638 (7,300-5,662)*

*DIIS : BUY +600 (6,941-6,341)*

For Bajaj Finserv Shareholders

Your 100 shares will be :-

Share Split of 1:5
=100*5
=500

Bonus of 1:1 is on face value of 1 means it will be after share split

=500*2
=1000

If you hold your shares till record date your 100 shares will be 1000 shares.

Telegram.me/AlliesFin

Like Share Retweet

Mkt. Updates :

*SGX Nifty +172 pts (17126) from last trade 16954 ,*

Nikkei +74 pts ,
Hangseng +25 pts ,
Now @ 6.52am .

Dow +332.04 pts ,Nsdq +130.17 pts, S&P
+48.82 pts, Bovespa +1158 pts , Ftse -2 pts , Dax +115 pts , Cac +81 pts , Crude @ $97.46 brl (+1.04), Brent @ $108.00 brl (+0.86) , Gold @ 1753.70 (+17.30), Silver @ $19.98 (+0.11), Euro @ $1.0196, JPY @ $134.51,  INR @ 79.635

US GOVT. 10-YEAR YIELD : 2.69%

Today's Corporate Action
29th July Ex Date

CLEAN
Final Dividend - Rs. - 3.2500
DVL
Final Dividend - Rs. - 4.0000
EMKAY
Final Dividend - Rs. - 1.2500
SAINTGOBAIN
Dividend - Rs. - 1.5000
SAINTGOBAIN
Special Dividend - Rs. - 1.5000
SAYAJIIND
Dividend - Rs. - 1.0000
TCFCFINQ
Dividend - Rs. - 1.2000
VINYLINDIA
Dividend - Rs. - 5.0000
VINYLINDIA
Special Dividend - Rs. - 5.0000


Today's Key Results/Board Meetings, 29-Jul-22 :


HDFC, NTPC, Sun Pharma, Cipla, Indian Oil Corporation, Ashok Leyland, DLF, Emami, Exide Industries, Nazara Technologies, Piramal Enterprises, CARE Ratings, CarTrade Tech, Cholamandalam Investment, CreditAccess Grameen, Deepak Fertilisers, Easy Trip Planners, 3i Infotech, Great Eastern Shipping, GMR Infrastructure, Godrej Agrovet, Heritage Foods, JK Paper, Mahindra Logistics, Metro Brands, Rain Industries, Route Mobile, Strides Pharma Science, Star Health and Allied Insurance Company, Torrent Pharmaceuticals, VST Industries, and Zydus Wellness will be in focus ahead of June quarter earnings on July 29.


SEC.IN F&O BAN FOR , 29-Jul-22 :

*NIL*

Today's Alert :

RBI to Conduct Auction of GOI BONDS for INR 320 Billion

• India Airwave Bids at $18.8B Third Day; Auction to Resume Friday

• India Wants to Open Up For Lithium Mining in Batteries Quest

o Govt is seeking to change current mining laws

• Agarwal’s Vedanta Misses Profit Estimate on Higher Costs

o Total costs during the qtr increased 48% from a yr ago

• Indians’ Desperation for State Jobs Shows Unemployment Crisis

o Data for last eight years show recruitments on a decline

• Indian Firm to Invest Up to $8 Billion in Egypt Hydrogen Project

• India Finds Carriers Improperly Identified Cause of Defects

• Billionaire Adani’s Shadow Bank Plans IPO as Soon as 2024

o Adani Capital aims for a $2 billion valuation in offering

• Resilient Home Demand Helps India Wood Ply Firm Tackle Inflation

• Billionaire CEO Seeks to Reset Fintech Pioneer After IPO Fiasco

• Nomura Favors India NDOIS Steepener Trade on Swap Rally

• SEBI Fines Singh Brothers INR100M Each in Religare Case

• Global Funds Buy Net INR16.4B of India Stocks on Wednesday: NSE

o Domestic funds buy net 6b rupees of stocks

• Foreign Investors Sell Net INR940M of Indian Equities Wednesday

• India has done more than its fair share to fight climate change: Govt: PTI

• Bank credit rises 12.89 pc; deposit 8.35 pc: RBI data: PTI

• Honda to discontinue Jazz, WR-V and 4th generation City in India: PTI

• Ola Electric inks pact with heavy industries ministry for making advanced batter cells: PTI

• RBI sticks to October 1 deadline for card tokenisation: Economic Times

• Tata Neu CTO Sauvik Banerjjee quits four months after launch: Economic Times

• 4:00pm: India Fiscal Deficit in rupees for April-June, prior 129,075 crore

• 5:30pm: June Eight Infrastructure Industries, prior 18.1%

• Aban Offshore (ABAN): Gets rig contract from ONGC for three years

• Ajanta Pharma (AJP): 1Q Net Income +0.6% Y/y to 1.75b rupees, beats est. 1.54b; revenue +27% to 9.51b

• Dr Reddy’s Lab (DRRD): 1Q Net Income 11.9b rupees vs. 5.7b y/y, beats est. 6.99b; revenue +6.1% to 52.2b

• Equitas Small Finance Bank (EQUITASB): 1Q Net Income 970.1m rupees vs. 119.3m Y/y, misses est. 1.31b; Goss NPA 4.1% Vs. 4.14 q/q

• Jubilant Foodworks (JUBI): To buy 40% in Roadcast Tech Solutions for 149.5m rupees

• Mangalore Refinery and Petrochemicals: 1Q Net Income Beats Estimates

• Motilal Oswal Financial (MOFS): 1Q net income 312.6m rupees Vs. 2.21B Y/y; Revenue -16% 7.53b

• Nestle India (NEST): Nestle India 2Q Net Income 5.15B Rupees, Est. 5.74B Rupees

• Nippon Life India AM (NAM): 1Q Net Income -37% Y/y to 1.14b rupees, misses est. 1.71b; revenue +4.6% to 3.16b

• PNB Housing (PNBHOUSI): PNB Housing 1Q Net Income
+1.3% Y/y to 2.38b rupees, beats est. 1.62b; revenue -16% to 14.04b

• Punjab National Bank (PNB): 1Q Net Income 3.1B Rupees Vs. 10.2B Rupees Y/y, provisions -1.3% q/q to 47.9b; Gross NPA 11.3% Vs. 11.8% q/q

• Religare Enterprises (RELG): SEBI Fines Singh Brothers INR100M Each in Religare Case

• SBI Life Insurance (SBILIFE): 1Q Net Income +18% Y/y to 2.63b rupees, misses est. 4.53b; Net premium income +33% to 110.4b

• Shriram Transport Finance (SHTF): 1Q Net Income 9.65b rupees vs. 1.7b Y/y, est. 10.4b; revenue +11% to 51.4b

• TVS Motor (TVSL): TVS Motor 1Q Net Income 3.21b rupees vs. 531.5m Y/y, beats est. 3.03b; revenue +53% to 60.1b

• Vedanta (VEDL): 1Q net income +4.7% Y/y to 44.2b rupees, misses est. 45.73b; revenue +36 to 382.5b

*Startup Updates by VCATs*

*Nykaa Backer Lighthouse In Talks To Raise $400 Mn Fund To Invest In Consumer Brands*
https://inc42.com/buzz/lighthouse-in-talks-to-raise-400-mn-fund-to-invest-in-consumer-space-report/

*Fintech Jai Kisan raises $50 million in Series B*
https://www.livemint.com/companies/start-ups/jai-kisan-snags-50-mn-in-first-close-of-series-b-funding-round/amp-11659099212996.html

*AI-driven nutrition marketplace GetSupp raises Rs 9.5Cr led by General Catalyst, Better Capital*
https://indianstartupnews.com/news/getsupp-raises-9-5-crore-in-funding-from-general-catalyst-better-capital/

*Pepperfry Rejigs Business Structure Ahead Of $300 Mn IPO*
https://inc42.com/buzz/ipo-bound-pepperfry-rejigs-business-structure/

*Around 90 VC, PE and debt funds ready to back Indian startups in 2022*
https://entrackr.com/2022/07/around-90-vc-pe-and-debt-fund-ready-to-back-indian-startups-2022/

#JustIn | Rs 1,48,995 cr gross GST revenue collected in the month of July and has been the second highest ever #alliesfin #a1gurukulam #gst

*SGX Nifty -28 pts (17342) from last trade 17370 ,*


Nikkei -349 pts ,
Hangseng -223 pts ,
Now @6.54am .


Dow -46.73 pts ,Nsdq -21.71 pts, S&P
-11.66 pts, Bovespa -939 pts , Ftse -10 pts , Dax -4 pts , Cac -11 pts , Crude @ $93.75 brl (-0.14), Brent @ $100.03 brl (+0.00) , Gold @ 1788.70 (+1.00), Silver @ $20.31 (-0.05), Euro @ $1.0259, JPY @ $131.64,  INR @ 78.955





*Today's Corporate Action*
*2nd Aug Ex Date*




ABBOTINDIA
Final Dividend - Rs. - 145.0000
ABBOTINDIA
Special Dividend - Rs. - 130.0000
CHOLAHLDNG
Dividend - Rs. - 0.5500
CUMMINSIND
Final Dividend - Rs. - 10.5000
IGPL
Dividend - Rs. - 10.0000
JKCEMENT
Final Dividend - Rs. - 15.0000
KIRLOSBROS
Final Dividend - Rs. - 3.0000L
XMIATO
Dividend - Rs. - 10.0000
MCLOUD
Final Dividend - Rs. - 0.5000
ORIENTPPR
Dividend - Rs. - 0.2500
RAMCOCEM
Dividend - Rs. - 3.0000
RAMCOIND
Final Dividend - Rs. - 1.0000
SHK
Final Dividend - Rs. - 0.7500
TCPLPACK
Final Dividend - Rs. - 10.0000
UBL
Dividend - Rs. - 10.50000



*Today's Key Results/Board Meetings*
*2-Aug-22*



Bosch, Indus Towers, Siemens, Adani Green Energy, Bank of India, Voltas, Brigade Enterprises, Deepak Nitrite, Dhanuka Agritech, Dodla Dairy, Gateway Distriparks, Gati, Godrej Properties, Gravita India, JM Financial, Jubilant Pharmova, Lemon Tree Hotels, MOIL, Paradeep Phosphates, RPG Life Sciences, Schneider Electric Infrastructure, Shyam Metalics and Energy, Thermax, Tube Investments of India, and Vaibhav Global will be in focus ahead of their June quarter earnings on August 2.




*Stock under F&O ban on NSE*
*2-Aug-22*



None

*Business News Headlines*🇮🇳

*Economic Times*

Ø Nazara has no margin pressure. We are prioritising growth over margins: Nitish Mittersain
Ø 26-28% margin band in the longer term is TCS’ guiding beacon and gives us confidence: Samir Seksaria
Ø SSBA Innovations files Rs 105 cr IPO papers with Sebi
Ø Many eggs in the same basket helped Vedanta maintain a healthy cash flow and balance sheet: Group CEO
Ø Apollo Tyres expects to meet its target of expanding revenues to $5 billion by FY26
Ø GST collections above 1.4 lakh cr consecutively for five months: FM Nirmala Sitharaman
Ø IMF cuts India’s growth forecast, ups global inflation projection
Ø CCI approves Greenforest New Energies' stake buy in Tata Power Renewable
Ø Bajaj Auto 2-wheeler sales drop by 5 pc to 3,15,054 units in July
Ø Hatsun Agro breaches Rs 2,000 crore sales mark in April-June quarter
Ø Union Bank expects to recover Rs 15,000 crore from bad loans this fiscal
Ø GAIL rationing gas as former Gazporm unit cuts supplies

*Business Standard*

Ø PV sales on upward terrain in July as chip shortage issue improves
Ø Zomato's growing appetite: Moves to multiple-CEO structure for biz
Ø ITC sees broad-based growth, net profit rises 34% to Rs 4,389 crore
Ø 5G spectrum auction ends; RIL emerges top bidder at Rs 88K crore
Ø Piramal Group charts growth path for financial services business
Ø IDBI Bank sale: Clarity on sale glide path for buyers after EoI stage
Ø Property registrations rise 15% in Mumbai municipal area in July
Ø IT companies' margins decline to decade-low of 23.2% in June quarter
Ø 2-wheeler makers accelerate global expansion plans as exports gain traction
Ø JSW Energy targets 10 GW capacity by FY25, acquisitions to fuel growth

*Financial Express*

Ø Indian aviation sector ‘absolutely safe’, says DGCA chief
Ø Sebi may expand disclosure requirements for QIP proceeds
Ø Powergrid Infrastructure Q1 net profit grows 84% to Rs 213.9 crore
Ø TVS Sells 3.14 Lakh Two-Wheelers In July, Up 13%
Ø HDFC Life plans to raise funds by issuing equity, other securities
Ø Cabinet nod to Rs 1.64 lakh cr BSNL revival package
Ø Govt, LIC may offer up to 60% stake in IDBI Bank
Ø Mudra NPAs moderate in FY22, though still above pre-Covid levels
Ø Import reliance for oil jumps 10 percentage pts since 2015
Ø Zomato plans new management structure, with multiple CEOs, says internal memo

*Good Morning*
• India Sells Record $19 Billion Airwaves With Reliance Top Buyer
• India Trying to Ease Inflation Below 7%, Finance Minister Says
• India Coal Stock at 29.5M Tons as on July 26 Vs. 25.6M March 31
o Thermal power plant have sufficient coal stock: Govt
• India June Services Exports $25.3B; Imports at $15.8B: RBI
• With $208 Billion Between Them, Asia Richest Men Face Off
• India’s Diesel, Gasoline Sales Ease as Monsoon Rains Cut Demand
• India Probes Asia’s First Possible Monkeypox-Linked Death
• Delhi Metro Yet to Pay Arbitration Money to Reliance Infra
• Global Funds Buy Net INR23.2B of India Stocks on Monday: NSE
o Domestic funds sell net 8.22b rupees of stocks
• Foreigners Buy Net INR14.7B of Indian Equities on July 29
• Zomato Plans New Mgmt Structure, With Multiple CEOs: Reuters
• GAIL Has Cut Supplies to Some Fertilizer Plants by 10%: Reuters
• IndiGo to reinstate pilot salaries to pre-Covid levels from November: Economic Times
• Bharat Electronics (BHE): To consider free shares issue on Aug. 4
• Bharti Airtel (BHARTI): Bought airwaves worth 430.84 billion rupees
• Castrol India (CSTRL): 2Q Net Income 2.06B Rupees Vs. 1.4B Rupees Y/y; Revenue +38% to 12.4b
• Eicher Motors (EIM): July Motorcycle Sales 55,555 Units Vs. 44,038 Y/y
• Escorts Kubota (ESCORTS): 1Q Net Income -21% Y/y to 1.47b rupees, misses est. 2.25b; revenue +20 to 20.1b
• Hero MotoCorp (HMCL): July Vehicle Sales 445,580 Units Vs. 454,398 Y/y
• Kansai Nerolac Paints (KNPL): 1Q Net Income +37% Y/y to 1.63b rupees, beats est. 977.5m; revenue +47% to 19.4b
• Max Financial Services (MAXF): 1Q net income 563.6m rupees vs. 211.9m y/y, misses est. 825m; revenue -45% to 32.7b
• NMDC (NMDC): July Production 2.05M Tons Vs. 3.06M Y/y; Sales -10% Y/y to 2.95m ton
• REC (RECL): To consider proposal for fund-raising via private placement
• Reliance (RIL): Jio top buyer of India airwaves with 880.78 billion rupees spend
• Thyrocare Technologies (THYROCAR): 1Q net income -61% Y/y to 217.3m rupees, misses est. 347m; revenue -22% to 1.28b
• TVS Motor Co. (TVSL): July Vehicle Sales 314,639 Units Vs. 278,855 Y/y
• Vodafone Idea (IDEA): Bought airwaves worth 188 billion rupees
• Zomato (ZOMATO): 1Q net loss -48% Y/y to 1.86b rupees, est. loss 2.62b; revenue +67% to 14.1b