Take a look at 10 golden quotes by Rakesh Jhunjhunwala,
1) "Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible."
2) "Hastily taken decisions always result in heavy losses. Take your own time before putting money in any stock."
3) "Anticipate trend and benefit from it. Traders should go against human nature."
4) “Never invest at unreasonable valuations. Never run for companies which are in limelight."
5) “Trading always keeps you on your feet, it keeps you alert. That's one of the reasons why I like to trade."
6) “Emotional investment is a sure way to make loss in stock markets."
7) "You cannot make profits in the stock market unless you have the ability to bear losses."
8) "Buy when others sell and sell when others buy – the stock market mantra."
9) “Invest in companies which have strong management and competitive management."
10) “When opportunities come, they can come through technology, marketing, brands, value protections, capital, etc. You need to be able to spot those."
1) "Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible."
2) "Hastily taken decisions always result in heavy losses. Take your own time before putting money in any stock."
3) "Anticipate trend and benefit from it. Traders should go against human nature."
4) “Never invest at unreasonable valuations. Never run for companies which are in limelight."
5) “Trading always keeps you on your feet, it keeps you alert. That's one of the reasons why I like to trade."
6) “Emotional investment is a sure way to make loss in stock markets."
7) "You cannot make profits in the stock market unless you have the ability to bear losses."
8) "Buy when others sell and sell when others buy – the stock market mantra."
9) “Invest in companies which have strong management and competitive management."
10) “When opportunities come, they can come through technology, marketing, brands, value protections, capital, etc. You need to be able to spot those."
*SGX Nifty +117 pts (17834) from Friday's last trade 17717 ,*
Nikkei -72 pts ,
Hangseng +66 pts ,
Now @6.53am .
Dow +151.39 pts ,Nsdq +80.87 pts, S&P
+16.99 pts, Bovespa +267 pts , Ftse +8 pts , Dax +20 pts , Cac +16 pts , Crude @ $88.16 brl (-1.25), Brent @ $95.10 brl (-0.00) , Gold @ 1794.80 (-3.30), Silver @ $20.18 (-0.09), Euro @ $1.016, JPY @ $133.07, INR @ 79.545
*Today's Corporate Action*
*16th Aug Ex Date*
None
*Today's Key Results/Board Meetings*
*16-Aug-22*
Apar Industries, Neogen Chemicals: Officials of the companies will attend NBIE - Investor Conference - August 2022 hosted by Nirmal Bang Institutional Equities.
Rainbow Children's Medicare: Officials of the company will attend Investor Roadshow host by Kotak Securities.
Metro Brands: Officials of the company will meet Nirmal Bang, and JP Morgan Asset Management.
Ramco Cements: Officials of the company will attend investors' meets at Singapore, organised by B & K Securities.
Aegis Logistics: The company will hold Q1FY23 earnings conference call to discuss operational & financial performance.
Tata Chemicals: Officials of the company will meet Ruane Cunniff Goldfarb.
UPL: Officials of the company will meet several fund houses, analysts, institutional investors in a virtual conference organised by Kotak Securities.
Hindware Home Innovation: Officials of the company will meet analysts and investors to discuss financial results for the first quarter ended June 2022.
Fiem Industries: Officials of the company will meet analysts and investors to discuss financial results for the first quarter ended June 2022.
Nikkei -72 pts ,
Hangseng +66 pts ,
Now @6.53am .
Dow +151.39 pts ,Nsdq +80.87 pts, S&P
+16.99 pts, Bovespa +267 pts , Ftse +8 pts , Dax +20 pts , Cac +16 pts , Crude @ $88.16 brl (-1.25), Brent @ $95.10 brl (-0.00) , Gold @ 1794.80 (-3.30), Silver @ $20.18 (-0.09), Euro @ $1.016, JPY @ $133.07, INR @ 79.545
*Today's Corporate Action*
*16th Aug Ex Date*
None
*Today's Key Results/Board Meetings*
*16-Aug-22*
Apar Industries, Neogen Chemicals: Officials of the companies will attend NBIE - Investor Conference - August 2022 hosted by Nirmal Bang Institutional Equities.
Rainbow Children's Medicare: Officials of the company will attend Investor Roadshow host by Kotak Securities.
Metro Brands: Officials of the company will meet Nirmal Bang, and JP Morgan Asset Management.
Ramco Cements: Officials of the company will attend investors' meets at Singapore, organised by B & K Securities.
Aegis Logistics: The company will hold Q1FY23 earnings conference call to discuss operational & financial performance.
Tata Chemicals: Officials of the company will meet Ruane Cunniff Goldfarb.
UPL: Officials of the company will meet several fund houses, analysts, institutional investors in a virtual conference organised by Kotak Securities.
Hindware Home Innovation: Officials of the company will meet analysts and investors to discuss financial results for the first quarter ended June 2022.
Fiem Industries: Officials of the company will meet analysts and investors to discuss financial results for the first quarter ended June 2022.
NaMaste !!
*Good Morning*
• Mahindra Unveils Five Electric SUVs to Fast Track EV Shift
• Ola Founder Plans Locally Produced Electric Car by 2024 (1)
• Modi Vows to Fight Dynastic Power in Independence Day Speech
• Beijing Asks New Delhi to Reiterate ‘One China’ Principle
• India Says US Raised Concern Over Processed Russian Oil Shipment
• Coal Giants Are Making Mega Profits as Climate Crisis Grips the World
• Gold Drops With China’s Slowdown and Fed Rate Path in Focus
• Russia to Complete S_400 Shipment to India by End-2023: IFX
• Top India Oil Producer’s Profit Soars as Energy Prices Jump (1)
• India Rice Crop Suffers Setback as Patchy Rains Reduce Plantings
• China Tripled Lithium Carbonate Imports in June: BNEF Chart
• India July Inflation Cools, Easing Pressure for Steep Hikes (1)
o July Consumer Prices Rise 6.71% Y/y, Est. +6.75%
• India June Industrial Production Rises 12.3% Y/y, Est. +10.3%
• India Cumulative Monsoon Rainfall 8% Above Normal as of Aug. 14
• Indian Billionaire- Investor Rakesh Jhunjhunwala Dies at 62 (2)
o Veteran equity market investor was a self-made trader
• Anshu Jain, Deutsche Bank Chief in a Pivotal Era, Dies at 59 (2)
o Executive joined Cantor Fitzgerald as president in 2017
• India CCI Approves Adani’s Acquisition of Ambuja Cements, ACC
o CCI clear IIFL stake acquisition indirectly by ADIA
• HDFC Bank-HDFC Planned Merger Wins India Antitrust Approval
• India’s FX Reserves Fall $897m to $573.0b in Week to Aug. 5
• India ED Freezes $46.5M of Crypto, Bank Balances at Flipvolt
• Torrent Power and Sembcorp in Race to Buy Vector Green Energy
• India’s Sensex Posts Longest Run of Weekly Gains Since January
• Europe in Prelim. Talks With SpaceX on Use of Launchers: Reuters
• Russia Is Using CNY, INR, RUB in Arms Payments: Interfax
• RBI shut Tuesday for local bank holiday
• ACC (ACC): India CCI Approves Adani’s Acquisition of Ambuja Cements, ACC
• Apollo Tyres (APTY): 1Q Net Income +49% Y/y to 1.91b rupees, beats est. 1.31b; revenue +30% to 59.4b
• Astral (ASTRA): 1Q Net Income +20% Y/y to 889m rupees, misses est. 969.9m; revenue +73% to 12.1b
• Dilip Buildcon (DBL): 1Q Net Income 198M Rupees Vs. 270.2M Rupees Y/y
• HDFC Bank (HDFCB): HDFC Bank-HDFC Planned Merger Wins India Antitrust Approval
• Hero MotoCorp (HMCL): 1Q net income +70 % Y/y to 6.2b rupees, misses est. 7.66b; revenue +53% to 83.9b
• Honeywell Automation (HWA): 1Q net income 1.02b rupees, revenue 7.86b
• Indiabulls Real Estate (IBREL):1Q net loss 519.6M rupees vs. profit 47.6m Y/y; revenue -71% to 1.52b
• Jindal Steel (JSP): Jindal Steel Says Jha Replaces Sharma Who Completes His Term
• JK Cement (JKCE): 1Q net income 1.81b rupees, est. 1.65b; revenue 21.7b vs 16.3b
• Muthoot Finance (MUTH): 1Q net income 8.02b rupees, misses est. 9.87b; revenue -8% to 25b
• Piramal Enterprises (PIEL): NCLT approves company’s pharma operations demerger
• Restaurant Brands Asia (RBA): 1Q net loss -49% Y/y to 227.4m rupees; revenue 3.37b vs. 1.5b
• State Bank of India (SBIN): To Raise MCLR Lending Rates 20 Bps Across Tenors Aug. 15
• Sun TV (SUNTV): 1Q net Income +26% Y/y to 4.92b rupees, beats est. 4.59b; revenue +47% to 11.9b
• Tata Motors (TTMT): Jaguar Land Rover Canada, Siriusxm Extend Services Pact to 2027
• Thermax (TMX) Says incorporated new unit Thermax Bioenergy Solutions Pvt
• Zee Entertainment (Z): 1Q net income -50% Y/y to 1.07b rupees, misses est. 2.13b
*Good Morning*
• Mahindra Unveils Five Electric SUVs to Fast Track EV Shift
• Ola Founder Plans Locally Produced Electric Car by 2024 (1)
• Modi Vows to Fight Dynastic Power in Independence Day Speech
• Beijing Asks New Delhi to Reiterate ‘One China’ Principle
• India Says US Raised Concern Over Processed Russian Oil Shipment
• Coal Giants Are Making Mega Profits as Climate Crisis Grips the World
• Gold Drops With China’s Slowdown and Fed Rate Path in Focus
• Russia to Complete S_400 Shipment to India by End-2023: IFX
• Top India Oil Producer’s Profit Soars as Energy Prices Jump (1)
• India Rice Crop Suffers Setback as Patchy Rains Reduce Plantings
• China Tripled Lithium Carbonate Imports in June: BNEF Chart
• India July Inflation Cools, Easing Pressure for Steep Hikes (1)
o July Consumer Prices Rise 6.71% Y/y, Est. +6.75%
• India June Industrial Production Rises 12.3% Y/y, Est. +10.3%
• India Cumulative Monsoon Rainfall 8% Above Normal as of Aug. 14
• Indian Billionaire- Investor Rakesh Jhunjhunwala Dies at 62 (2)
o Veteran equity market investor was a self-made trader
• Anshu Jain, Deutsche Bank Chief in a Pivotal Era, Dies at 59 (2)
o Executive joined Cantor Fitzgerald as president in 2017
• India CCI Approves Adani’s Acquisition of Ambuja Cements, ACC
o CCI clear IIFL stake acquisition indirectly by ADIA
• HDFC Bank-HDFC Planned Merger Wins India Antitrust Approval
• India’s FX Reserves Fall $897m to $573.0b in Week to Aug. 5
• India ED Freezes $46.5M of Crypto, Bank Balances at Flipvolt
• Torrent Power and Sembcorp in Race to Buy Vector Green Energy
• India’s Sensex Posts Longest Run of Weekly Gains Since January
• Europe in Prelim. Talks With SpaceX on Use of Launchers: Reuters
• Russia Is Using CNY, INR, RUB in Arms Payments: Interfax
• RBI shut Tuesday for local bank holiday
• ACC (ACC): India CCI Approves Adani’s Acquisition of Ambuja Cements, ACC
• Apollo Tyres (APTY): 1Q Net Income +49% Y/y to 1.91b rupees, beats est. 1.31b; revenue +30% to 59.4b
• Astral (ASTRA): 1Q Net Income +20% Y/y to 889m rupees, misses est. 969.9m; revenue +73% to 12.1b
• Dilip Buildcon (DBL): 1Q Net Income 198M Rupees Vs. 270.2M Rupees Y/y
• HDFC Bank (HDFCB): HDFC Bank-HDFC Planned Merger Wins India Antitrust Approval
• Hero MotoCorp (HMCL): 1Q net income +70 % Y/y to 6.2b rupees, misses est. 7.66b; revenue +53% to 83.9b
• Honeywell Automation (HWA): 1Q net income 1.02b rupees, revenue 7.86b
• Indiabulls Real Estate (IBREL):1Q net loss 519.6M rupees vs. profit 47.6m Y/y; revenue -71% to 1.52b
• Jindal Steel (JSP): Jindal Steel Says Jha Replaces Sharma Who Completes His Term
• JK Cement (JKCE): 1Q net income 1.81b rupees, est. 1.65b; revenue 21.7b vs 16.3b
• Muthoot Finance (MUTH): 1Q net income 8.02b rupees, misses est. 9.87b; revenue -8% to 25b
• Piramal Enterprises (PIEL): NCLT approves company’s pharma operations demerger
• Restaurant Brands Asia (RBA): 1Q net loss -49% Y/y to 227.4m rupees; revenue 3.37b vs. 1.5b
• State Bank of India (SBIN): To Raise MCLR Lending Rates 20 Bps Across Tenors Aug. 15
• Sun TV (SUNTV): 1Q net Income +26% Y/y to 4.92b rupees, beats est. 4.59b; revenue +47% to 11.9b
• Tata Motors (TTMT): Jaguar Land Rover Canada, Siriusxm Extend Services Pact to 2027
• Thermax (TMX) Says incorporated new unit Thermax Bioenergy Solutions Pvt
• Zee Entertainment (Z): 1Q net income -50% Y/y to 1.07b rupees, misses est. 2.13b
*SGX Nifty +14 pts (17873) from last trade 17859 ,*
Nikkei +220 pts ,
Hangseng +165 pts ,
Now @6.54am .
Dow +239.57 pts ,Nsdq -25.50 pts, S&P
+8.06 pts, Bovespa +480 pts , Ftse +26 pts , Dax +93 pts , Cac +22 pts , Crude @ $87.10 brl (+0.57), Brent @ $92.60 brl (+0.40) , Gold @ 1789.30 (-0.40), Silver @ $20.07 (-0.01), Euro @ $1.0168, JPY @ $134.38, INR @ 79.255
*Today's Corporate Action*
*17th Aug Ex Date*
APLLT
DInterim Dividend - Rs. - 10.0000
BAIDFIN
Final Dividend - Rs. - 0.1000
BBTC
Dividend - Rs. - 1.2000
CONCOR
Interim Dividend - Rs. - 2.0000
EVERESTIND
Final Dividend - Rs. - 6.0000
LGBBROSLTD
Dividend - Rs. - 15.0000
MANAPPURAM
Interim Dividend - Rs. - 0.7500
MARALOVER
Dividend - Rs. - 2.0000
RECLTD
Bonus issue 1:3
RELAXO
Final Dividend - Rs. - 2.5000
SAICOM
Stock Split From Rs.10/- to Rs.1/-SHIVAMILLS
Final Dividend - Rs. - 1.2000
STARTECK
Final Dividend - Rs. - 0.2500
YSL
Final Dividend - Rs. - 200.0000
*Today's Key Results/Board Meetings*
*17-Aug-22*
Tata Chemicals: Officials of the company will meet Morgan Stanley Research.
Ramco Cements: Officials of the company will attend investors' meets in Singapore, organised by B & K Securities.
Repco Home Finance: Officials of the company will meet analysts and investors.
Vedant Fashions: Officials of the company will meet analysts.
Nuvoco Vistas Corporation: Officials of the company will attend Nirmal Bang Institutional Equities -Investor Conference.
Adani Enterprises: Officials of the company will meet Quant Mutual Fund.
MCX India: Officials of the company will meet PPFAS Mutual Fund, Birla MF, Baroda BNP MF, Navi MF, Sundaram MF, SBI General Insurance, Abakkus Asset Manager LLP, and Taurus MF.
Polycab India: Officials of the company will meet Nordea Investment Management and Dolat Capital Market.
*Stock under F&O ban on NSE*
*17-Aug-22*
1BALRAMCHIN
2DELTACORP
3TATACHEM
Nikkei +220 pts ,
Hangseng +165 pts ,
Now @6.54am .
Dow +239.57 pts ,Nsdq -25.50 pts, S&P
+8.06 pts, Bovespa +480 pts , Ftse +26 pts , Dax +93 pts , Cac +22 pts , Crude @ $87.10 brl (+0.57), Brent @ $92.60 brl (+0.40) , Gold @ 1789.30 (-0.40), Silver @ $20.07 (-0.01), Euro @ $1.0168, JPY @ $134.38, INR @ 79.255
*Today's Corporate Action*
*17th Aug Ex Date*
APLLT
DInterim Dividend - Rs. - 10.0000
BAIDFIN
Final Dividend - Rs. - 0.1000
BBTC
Dividend - Rs. - 1.2000
CONCOR
Interim Dividend - Rs. - 2.0000
EVERESTIND
Final Dividend - Rs. - 6.0000
LGBBROSLTD
Dividend - Rs. - 15.0000
MANAPPURAM
Interim Dividend - Rs. - 0.7500
MARALOVER
Dividend - Rs. - 2.0000
RECLTD
Bonus issue 1:3
RELAXO
Final Dividend - Rs. - 2.5000
SAICOM
Stock Split From Rs.10/- to Rs.1/-SHIVAMILLS
Final Dividend - Rs. - 1.2000
STARTECK
Final Dividend - Rs. - 0.2500
YSL
Final Dividend - Rs. - 200.0000
*Today's Key Results/Board Meetings*
*17-Aug-22*
Tata Chemicals: Officials of the company will meet Morgan Stanley Research.
Ramco Cements: Officials of the company will attend investors' meets in Singapore, organised by B & K Securities.
Repco Home Finance: Officials of the company will meet analysts and investors.
Vedant Fashions: Officials of the company will meet analysts.
Nuvoco Vistas Corporation: Officials of the company will attend Nirmal Bang Institutional Equities -Investor Conference.
Adani Enterprises: Officials of the company will meet Quant Mutual Fund.
MCX India: Officials of the company will meet PPFAS Mutual Fund, Birla MF, Baroda BNP MF, Navi MF, Sundaram MF, SBI General Insurance, Abakkus Asset Manager LLP, and Taurus MF.
Polycab India: Officials of the company will meet Nordea Investment Management and Dolat Capital Market.
*Stock under F&O ban on NSE*
*17-Aug-22*
1BALRAMCHIN
2DELTACORP
3TATACHEM
*🌹India Daybook – Stocks in News*
*Gujarat Alkalies:* Meridian Chem Bond Bought Additional 5.35 Lakh Shares (Positive)
*Oil downstream companies:* Oil falls over 3% to lowest price since February (Positive)
*Techno Electric:* The firm informed exchanges that it has got new orders for flue gas desulphurisation (FGD) totalling Rs 1455 crore. (Positive)
*Bharat Gears:* The company will consider a bonus share issue on August 19. (Positive)
*Piramal Enterprises* to be listed as two entities by December, says Ajay Piramal (Positive)
*Max Healthcare:* GIC of Singapore and financial services firm Capital Group picked up a 26.8 percent stake in hospital chain Max Healthcare Institute (Positive)
*Singer India:* Rare Enterprises bought 4.25 million shares at an average price of Rs 53.50 a share in a block deal. (Positive)
*Sanghi Ind:* Promoters bought 40 lakh shares of company (Positive)
*Hind Zinc:* Zinc prices surge after one of Europe’s largest smelters, controlled by Trafigura Group announced that it will halt production from Sept. 1 (Positive)
*Aarti Drugs:* DGTR recommends continuation of anti-dumping duty on Ofloxacin imports from China (Positive)
*HDFC AMC:* UK-based Arbdn Investment Management partially sold its stake in HDFC Asset Management Co Ltd for Rs 2300 cr (Neutral)
*Kirloskar Oil:* SBI MUTUAL FUND under its various schemes has sold 9.46 Lakh Shares (Neutral)
*GAIL:* To Consider & Approve Fund Raising Via Rupee Term Loan/ Borrowing/ FCCB/ NCD’s etc (Neutral)
*Cipla:* The stock will be in focus after the company said it appointed Ashish Adukia as global Chief financial officer. (Neutral)
*Bajaj Hindusthan:* SBI has filed an insolvency petition in the NCLT against Bajaj Hindusthan Sugar
*Oil upstream companies:* Oil falls over 3% to lowest price since February
*Mahanagar Gas:* Cuts prices of CNG by 6 rupees per kg, PNG by 4 rupees
*Gujarat Alkalies:* Meridian Chem Bond Bought Additional 5.35 Lakh Shares (Positive)
*Oil downstream companies:* Oil falls over 3% to lowest price since February (Positive)
*Techno Electric:* The firm informed exchanges that it has got new orders for flue gas desulphurisation (FGD) totalling Rs 1455 crore. (Positive)
*Bharat Gears:* The company will consider a bonus share issue on August 19. (Positive)
*Piramal Enterprises* to be listed as two entities by December, says Ajay Piramal (Positive)
*Max Healthcare:* GIC of Singapore and financial services firm Capital Group picked up a 26.8 percent stake in hospital chain Max Healthcare Institute (Positive)
*Singer India:* Rare Enterprises bought 4.25 million shares at an average price of Rs 53.50 a share in a block deal. (Positive)
*Sanghi Ind:* Promoters bought 40 lakh shares of company (Positive)
*Hind Zinc:* Zinc prices surge after one of Europe’s largest smelters, controlled by Trafigura Group announced that it will halt production from Sept. 1 (Positive)
*Aarti Drugs:* DGTR recommends continuation of anti-dumping duty on Ofloxacin imports from China (Positive)
*HDFC AMC:* UK-based Arbdn Investment Management partially sold its stake in HDFC Asset Management Co Ltd for Rs 2300 cr (Neutral)
*Kirloskar Oil:* SBI MUTUAL FUND under its various schemes has sold 9.46 Lakh Shares (Neutral)
*GAIL:* To Consider & Approve Fund Raising Via Rupee Term Loan/ Borrowing/ FCCB/ NCD’s etc (Neutral)
*Cipla:* The stock will be in focus after the company said it appointed Ashish Adukia as global Chief financial officer. (Neutral)
*Bajaj Hindusthan:* SBI has filed an insolvency petition in the NCLT against Bajaj Hindusthan Sugar
*Oil upstream companies:* Oil falls over 3% to lowest price since February
*Mahanagar Gas:* Cuts prices of CNG by 6 rupees per kg, PNG by 4 rupees
This media is not supported in your browser
VIEW IN TELEGRAM
Rj to madhu kela on his birthday that is 5thjuly, “aisa teji lag raha hai hindustan mein , cash mat rakhna aur leverage karke share lena”
Namaste !!
• Blackstone Said to Launch $400 Million Sona Comstar Stake Sale
o US firm selling stock at 7.2% discount to Wednesday’s close
• India Sees Domestic Coal Output Rising 16% Y/y in FY23
• Coal Ministry Signs 16 Pact with Successful Bidders of Coal Mines
• Goldman- Backed ReNew Secures $1 Billion Loan for India Project
o Firm to use loan for round-the-clock generation project
• China to Take Part in Military Exercise in Russia with India
• Akasa Has Strong Financials for Bigger Plane Order in 18 Months
• India to Switch INR150B of Shorter Debt to Longer on Aug 22
• India Cumulative Monsoon Rainfall 10% Above Normal as of Aug. 17
• BRICS 2Q GDP Forecast Steady in Past Week; India Seen at 14.3%
• Global Funds Buy Net INR23.5B of India Stocks Wednesday: NSE
o Domestic funds sell net 5.1b rupees of stocks
• Navies of India, Malaysia resolve to work jointly in Indian Ocean region: PTI
• India supplies nearly 60% of vaccines used worldwide, FM: PTI
• Bharti Airtel (BHARTI): Adds net 793,132 mobile subscribers in June: TRAI
• GAIL India (GAIL): Approves raising up to INR250b via rupee borrowing and up to $3.13b in foreign currency
• Kilburn Engineering (KEL): RBL Bank (RBK) sold 2.2m shares of KEL in two blocks: BSE
• Natco Pharma (NTCPH): Gets tentative U.S. FDA approvals of ANDA for Trabectedin
• Oil & Natural Gas Corp (ONGC): Signs Agreement With ExxonMobil for Deepwater Exploration
• Reliance Industries (RIL): Jio adds net 4.22m mobile subscribers in June: TRAI
• Vodafone Idea (IDEA): Loses net 1.8m mobile subscribers in June: TRAI
• Blackstone Said to Launch $400 Million Sona Comstar Stake Sale
o US firm selling stock at 7.2% discount to Wednesday’s close
• India Sees Domestic Coal Output Rising 16% Y/y in FY23
• Coal Ministry Signs 16 Pact with Successful Bidders of Coal Mines
• Goldman- Backed ReNew Secures $1 Billion Loan for India Project
o Firm to use loan for round-the-clock generation project
• China to Take Part in Military Exercise in Russia with India
• Akasa Has Strong Financials for Bigger Plane Order in 18 Months
• India to Switch INR150B of Shorter Debt to Longer on Aug 22
• India Cumulative Monsoon Rainfall 10% Above Normal as of Aug. 17
• BRICS 2Q GDP Forecast Steady in Past Week; India Seen at 14.3%
• Global Funds Buy Net INR23.5B of India Stocks Wednesday: NSE
o Domestic funds sell net 5.1b rupees of stocks
• Navies of India, Malaysia resolve to work jointly in Indian Ocean region: PTI
• India supplies nearly 60% of vaccines used worldwide, FM: PTI
• Bharti Airtel (BHARTI): Adds net 793,132 mobile subscribers in June: TRAI
• GAIL India (GAIL): Approves raising up to INR250b via rupee borrowing and up to $3.13b in foreign currency
• Kilburn Engineering (KEL): RBL Bank (RBK) sold 2.2m shares of KEL in two blocks: BSE
• Natco Pharma (NTCPH): Gets tentative U.S. FDA approvals of ANDA for Trabectedin
• Oil & Natural Gas Corp (ONGC): Signs Agreement With ExxonMobil for Deepwater Exploration
• Reliance Industries (RIL): Jio adds net 4.22m mobile subscribers in June: TRAI
• Vodafone Idea (IDEA): Loses net 1.8m mobile subscribers in June: TRAI
Reuters⚡️ India breaks shackles of US and Saudi Arabia, For the first time buys Petro coke from Venezuela at huge discounted price despite US concerns.
-160000 ton already arrived and 80000 tonne in transit.
-Petro coke is used in cement industries.
-Earlier India was dependent on USA and Saudi Arabia for Pet coke.
-160000 ton already arrived and 80000 tonne in transit.
-Petro coke is used in cement industries.
-Earlier India was dependent on USA and Saudi Arabia for Pet coke.