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Today's Corporate Action
14th Sep Ex Date



AMNPLST
Dividend - Rs. - 0.4000
AMRUTANJAN
Final Dividend - Rs. - 2.6000
BGWTATO
Final Dividend - Rs. - 1.0000
DIAPOWER
Resolution Plan -Suspension
FOODSIN
Final Dividend - Rs. - 0.2500
GIPCL
Dividend - Rs. - 2.5000
GRAUWEIL
Final Dividend - Rs. - 0.6500
GUJCRAFT
Final Dividend - Rs. - 1.0000
HIKAL
Final Dividend - Rs. - 0.4000
INDOCO
Final Dividend - Rs. - 1.5000
INDOCO
Special Dividend - Rs. - 0.7500
INTLCOMBQ
Final Dividend - Rs. - 2.0000
ITDCEM
Dividend - Rs. - 0.4500
KABRAEXTRU
Final Dividend - Rs. - 3.0000
KILPEST
Final Dividend - Rs. - 2.5000
LOYALTEX
Dividend - Rs. - 10.0000
MONARCH
Dividend - Rs. - 1.0000
ONMOBILE
Final Dividend - Rs. - 1.5000
PANCHMAHQ
Dividend - Rs. - 4.0000
RHIM
Final Dividend - Rs. - 2.5000
SADHNANIQ
Final Dividend - Rs. - 0.1500
SANDHAR
Final Dividend - Rs. - 2.2500
SHAWGELTIN
Dividend - Rs. - 10.0000
STERTOOLS
Final Dividend - Rs. - 1.0000
SUPERHOUSE
Dividend - Rs. - 1.0000



Today's Key Results/Board Meetings
14-Sep-22



FEL
Audited Results
FELDVR
Audited Results
GUJINJEC
Issue Of Warrants
KANSAINER
Employees Stock Option Plan
MDRNTHR-B
Quarterly Results
SABOOSOD
Right Issue of Equity Shares
TATASTEEL
General
UNITECH
Quarterly Results
VERANDA
Preferential Issue of shares
VISHWARAJ
General



Stock under F&O ban on NSE
14-Sep-22



1AMBUJACEM

2DELTACORP

3IBULHSGFIN

India Daybook – Stocks in News


Infosys: Company collaborates with Bpost (Belgium Post) to improve security for postal services experience (Positive)

KEC International: Company bags orders worth Rs 1,108 cr (Positive)

Bharat Forge: Subsidiary Kalyani Powertrain & Harbinger Motors Announce Joint Venture. (Positive)

IRCTC: Gets Registrar of Companies' Nod to Act as Payment Aggregator. (Positive)

PVR/Inox: Competition Commission of India rejects complaint against proposed PVR-Inox deal (Positive)

Hatsun: Board meet On September-19 (Coming Monday) To Consider Raising Funds via Rights Share. (Positive)

Ami Organics: Plutus Wealth Management LLP acquired additional 9,53,420 equity shares or 2.6% stake in the company. (Positive)

Maharashtra Scooters: The company said the board of directors declared an interim dividend of Rs 100 per share (Positive)

Logistic Stocks: Union Cabinet likely to approve the National Logistics Policy 2022 (Positive)

Bajaj Holdings: Company to pay interim dividend of Rs 110/Share. (Positive)

JSW Steel: Company signs MoU with SMS Group for carbon reduction projects. (Neutral)

Neuland Laboratories: Deepak Gupta has resigned as Chief Financial Officer of the company (Neutral)

Hatsun Agro: Board to consider raising funds via rights share issue on September 19, 2022 (Neutral)

Coal India: Coal Ministry conducts E-auction of 8 mines under commercial coal mining auction. (Neutral)

Tata Steel: Board mee today to Consider NCD Issuance (Neutral)

Ambuja Cement: To Consider Raising Funds Via Issue of Securities/ Convertibles/ Rights/ Preferntial Basis (Neutral)

Veranda: To evaluate fund raising proposals via shares/ bonds/ debentures, etc (Neutral)

HDFC Life: Abrdn (Mauritius Holdings) 2006 Limited sold 4.3 crore equity shares (Neutral)

Who’s Meeting Whom

J.K. Cement: To meet investors and analysts on Sept. 20.
Nuvoco Vistas Corporation: To meet investors and analysts on Sept. 14.
Kalyan Jewellers India: To meet investors and analysts on Sept. 14, 15 and 16.
Asian Paints: To meet investors and analysts on Sept. 14, 15, 16, 19 and 20.
Adani Transmission: To meet investors and analysts on Sept. 14.
ICICI Bank: To meet investors and analysts on Sept. 14.
Hero Motocorp: To meet investors and analysts on Sept. 15, 20 and 21.
Mallcom (India): To meet investors and analysts on Sept. 15.
Oriental Aromatics: To meet investors and analysts on Sept. 15.
UltraTech Cement: To meet investors and analysts on Sept. 14.
Greenply Industries: To meet investors and analysts on Sept. 15.
Sansera Engineering: To meet investors and analysts on Sept. 14.


AGMs today
Chalet Hotels
Dhampur Sugar Mills
Dharamsi Morarji Chemical
Jagsonpal Pharmaceuticals
Johnson Controls-Hitachi Air Conditioning India
Lemon Tree Hotels
Mastek.

🗞 Brightcom Group onboards Nixon Patel, US-based Tech Innovator, as Advisor
🗞 100X.VC partners with Pidilite Industries for its CVC initiative
🗞 C&S Wholesale Grocers Partners with TCS to Build AI-Powered Distribution
Model
🗞 Mazagon Dock Shipbuilders Ltd launches third Stealth Frigate of Project 17A
'TARAGIRI'
🗞 Oracle Credit Ltd makes further investment in Credent Assets Management
Services Pvt Ltd
🗞 BPCL bags Supply Chain Leadership Award
🗞 Sunteck under its initiative 'Life by the Sea' organises a beach
sustainable lifestyle drive at Juhu Beach
🗞 Astral Ltd allots shares on amalgamation
🗞 Lords Chloro Alkali Ltd to expand Caustic Soda capacity by 42%
🗞 Statement from Adani Electricity on RInfra Arbitration
🗞 DNB Wins HFS OneOffice Award for Automating its IT Operations with TCS
🗞 Skipper Ltd's engineering business wins new order of Rs 225 crores
🗞 Dixon's subsidiary Padget Electronics receives approval for disbursement of
PLI incentive
🗞 Arvind SmartSpaces Ltd allots 15 lakh shares
🗞 Gilada Finance and Investment Ltd shifts branch office
🗞 Shubham Polyspin Ltd recommends 1:10 bonus issue
🗞 Nippon Life India Asset Management and DWS join hands to launch a
European-listed Indian Government Bond ETF
🗞 Ramkrishna Forgings Ltd approves fund raising of Rs. 94.3 crores
🗞 Premier Explosives Ltd signs contract with overseas entity
🗞 The Ramco Cements Ltd's Alathiyur Plant declared winner with Greentech
Environment Award
🗞 Nxtra by Airtel to Become the First Data Center Company in India to install
Fuel Cell Technology to provide Clean Energy
🗞 CSL Finance opens new branch office in Hoshiarpur, Punjab
🗞 Zydus receives final approval and 180 days shared exclusivity from the
USFDA for Cariprazine Capsules
🗞 Jyothy Labs Ltd updates on amalgamation

*Bulk Deal & Insider Trade Update*
*Bulk Deals*
*Hdfclife : Abrdn (Mauritius Holdings)2006 Limited Sell 43000000 Shares @ Rs. 574.15

*Amiorg : Small Cap World Fund Inc Buy 1596540 Shares @ Rs. 1037.25

*Rolcoen : The Oriental Insurance Co Ltd Sell 5000 Shares @ Rs. 312.7

*Alan Scott : Next Orbit Ventures Fund Sell 10000 Shares @ Rs. 50.85
Ashika

*Insider Trade*
Acquisition
*Prem Kumar Bhajanka Promoter & Director Acquisition 50000 shares of Star Cement Ltd on 09-Sep-22

*K MadhuHUF Promoter Group Acquisition 2000 shares of Ncl Industries Ltd.-$ on 13-Sep-22

Disposal
*IDEAL TOLL & INFRASTRUCTURE PRIVATE LIMITED Promoter Disposal 400000 shares of Mep Infrastructure Developers Ltd on 02-Sep-22

Revoke
*Mr. BRIJ MOHAN LABROO Promoter & Director Revoke 72568 shares of Asahi India Glass Ltd. on 10-Aug-22

*SNEHA ENCLAVE PRIVATE LIMITED Promoter Group Revoke 1725000 shares of Emami Ltd.

Pledge
*A J Tolls Private Limited Revised Promoter Group Pledge 600000 shares of Mep Infrastructure Developers Ltd on 19-Jul-22

*SNEHA ENCLAVE PRIVATE LIMITED Promoter Group Pledge 3334000 shares of Emami Ltd.-$ on 08-Sep-22

Invoke
* Promoter Group Invoke 292662 shares of Mep Infrastructure Developers Ltd
Ashika

*Dividend Update*
*Amines & Plasticizers Ltd. Dividend Rs. 0.4 Ex Date 14-Sep-2022
*Amrutanjan Health Care Ltd. Final Dividend Rs. 2.6 Ex Date 14-Sep-2022
*Bhagwati Autocast Ltd. Final Dividend Rs. 1 Ex Date 14-Sep-2022
*Foods & Inns Ltd. Final Dividend Rs. 0.25 Ex Date 14-Sep-2022
*Gujarat Industries Power Company Ltd. Dividend Rs. 2.5 Ex Date 14-Sep-2022
*Grauer & Weil (India) Ltd. Final Dividend Rs. 0.65 Ex Date 14-Sep-2022
*Gujarat Craft Industries Ltd. Final Dividend Rs. 1 Ex Date 14-Sep-2022
*Hikal Ltd. Final Dividend Rs. 0.4 Ex Date 14-Sep-2022
*Indoco Remedies Ltd. Final Dividend Rs. 1.5 Ex Date 14-Sep-2022
*Indoco Remedies Ltd. Special Dividend Rs. 0.75 Ex Date 14-Sep-2022
*International Combustion (India) Ltd. Final Dividend Rs. 2 Ex Date 14-Sep-2022
*ITD Cementation India Ltd. Dividend Rs. 0.45 Ex Date 14-Sep-2022
*Kabra Extrusiontechnik Ltd. Final Dividend Rs. 3 Ex Date 14-Sep-2022
*Kilpest India Ltd. Final Dividend Rs. 2.5 Ex Date 14-Sep-2022
*Loyal Textile Mills Ltd. Dividend Rs. 10 Ex Date 14-Sep-2022
*Monarch Networth Capital Ltd. Dividend Rs. 1 Ex Date 14-Sep-2022
*Onmobile Global Ltd. Final Dividend Rs. 1.5 Ex Date 14-Sep-2022
*Panchmahal Steel Ltd. Dividend Rs. 4 Ex Date 14-Sep-2022
*Orient Refractories Ltd. Final Dividend Rs. 2.5 Ex Date 14-Sep-2022
*Sadhana Nitro Chem Ltd. Final Dividend Rs. 0.15 Ex Date 14-Sep-2022
*Sandhar Technologies Ltd. Final Dividend Rs. 2.25 Ex Date 14-Sep-2022
*Narmada Gelatines Ltd. Dividend Rs. 10 Ex Date 14-Sep-2022
*Sterling Tools Ltd. Final Dividend Rs. 1 Ex Date 14-Sep-2022
*Superhouse Ltd. Dividend Rs. 1 Ex Date 14-Sep-2022

Brokerage Radar:

MS on SBI (management meet takeaways)
OW, TP Rs 675
a) loan growth momentum remains strong
b) expect margins to improve hereon
c) asset quality remains benign
d) digital initiatives are gaining strong traction
Expect margin improvement to resume from F2Q23.

MS on IndusInd Bk (management meet takeaways)
Buy, TP Raised to Rs 1400 (on roll fwd)
Biz momentum improving
It expects high-teen growth now & for credit costs to normalise at a guided 1.2%-1.5% for FY23 leading to an ROA of 1.8%-2.0%.
Growth visibility continues to improve
Deposit growth seen at 18-20% YoY, aided by strong traction in new initiatives
Margins remain stable
Slippages should moderate, driving credit costs of 120-150bps.

MS on BoB (management meet takeaways)
OW, TP Rs 170
Key takeaways
a) margins to improve 10-15 bps in F23
b) loan growth to be sustained in low double digits
c) asset quality trends remain strong
d) value unlocking in subsidiaries in progress.

Jefferies on Adani Ports (management meet takeaways)
Buy, TP Raised to Rs 1100 from Rs 850
Co aims to leverage its strong B/S to benefit from gradual vol recovery
Int. foray not at cost of returns
Raise FY23-25E vol by 3-7% to factor in 1QFY23 & EPS by 5-11%.

CLSA on TCS (management meet takeaways)
O-P, TP Rs 3750
Clients, especially in Europe, are watchful of macroeconomic variables
However, no consequential biz impact, for now
Near-term momentum healthy for both rev & deal wins
Margins should improve from 1Q levels.

Nomura on IT
Remain cautious
More evidence of rev slowdown ahead
Slowing rev & high inflation to dampen IT tech budgets in CY23E/ FY24F
Preferred Buy- Infosys & TechM (in large caps) & Persistent (in mid-caps)
Reduce ideas- TCS (in large cap) & LTI (in mid-caps).

Namaste !!

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VEDANTA MARKET CAP 1 LAC CRORE as on Yesterday,
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Cost of Laptops in India can fall from Rs 1 lakh to 40,000 per unit once chip & glass is available in India - Vedanta Chairman.

देश का मान है हिंदी।
देश का सम्मान है हिंदी।
देश की शान है हिंदी।
देश की पहचान है हिंदी।

हर दिल की जान है हिंदी।
शब्दों की पहचान है हिंदी।
विचारों का प्रवाह है हिंदी।
लबों पर मुस्कान है हिंदी।

‘भारतेंदु’ की सोच है हिंदी।
‘प्रेमचंद’ की कल्पना है हिंदी।
‘निराला’ की कविता है हिंदी।
‘पंत’ की भावना है हिंदी।

देश की शान है हिंदी।
देश की पहचान है हिंदी।
भारत माँ का मुकुट है हिंदी।
भारत माँ के माथे की बिंदी है हिंदी।

हिन्दी पखवाड़ा एंव दिवस की ढेर सारी शुभकामनायें । @alliesfin

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*Trading Tweaks*

*List of securities shortlisted in ASM Framework w.e.f. September 15, 2022*

1. Adishakti Loha and Ispat Ltd
2. Bharat Agri Fert & Realty Ltd
3. Deep Energy Resources Ltd
4. Modulex Construction Technologies Ltd
5. Mukta Agriculture Ltd
6. Natural Biocon (India) Ltd
7. Prime Urban Development India Ltd
8. Ruby Mills Ltd *
9. Shemaroo Entertainment Ltd
10. Shriram Asset Management Company Ltd
11. Shyamkamal Investments Ltd
12. Tinna Trade Ltd
13. Visco Trade Associates Ltd
14. Websol Energy System Ltd

*List of securities which shall continue in ASM framework but shall be moved to respective higher Stage ASM w.e.f. September 15, 2022*

1. First Fintec Ltd
2. Jagjanani Textiles Ltd
3. MP Agro Industries Ltd
4. Netripples Software Ltd
5. Patspin India Ltd
6. Sailani Tours N Travels Ltd

*List of securities shortlisted in Short Term 5/15/30 Days ASM Framework w.e.f. September 15, 2022.*

1. Aananda Lakshmi Spinning Mills Ltd
2. Balu Forge Industries Ltd
3. Gujarat Craft Industries Ltd
4. Modern Dairies Ltd
5. Poojawestern Metaliks Ltd
6. Saraswati Commercial India Ltd
7. Sharp Investments Ltd
8. Tarapur Transformers Ltd
9. Transcorp International Ltd
10. Vamshi Rubber Ltd
11. Austin Engineering Company Ltd
12. Birla Precision Technologies Ltd
13. Sampre Nutritions Ltd
14. Ram Ratna Wires Ltd*
15. Sarthak Metals Ltd*
16. Arvind SmartSpaces Ltd*
17. Coffee Day Enterprises Ltd*
18. Tata Investment Corporation Ltd*
19. Inox Wind Ltd*

*List of securities moving out of Short Term ASM Framework w.e.f. September 15, 2022.*

1. Anand Rayons Ltd
2. Celebrity Fashions Ltd
3. Fermenta Biotech Ltd
4. Flomic Global Logistics Ltd
5. Hardcastle & Waud Manufacturing Company Ltd
6. Jai Corp Ltd
7. KMF Builders & Developers Ltd
8. Manaksia Coated Metals & Industries Ltd
9. Modulex Construction Technologies Ltd
10. SKM Egg Products Export (India) Ltd
11. Sonal Adhesives Ltd
12. Suzlon Energy Ltd
13. Vivo Bio Tech Ltd
14. BSEL Infrastructure Realty Ltd
15. Power Mech Projects Ltd
16. Swasti Vinayaka Art And Heritage Corporation Ltd

*Graded Surveillance Measure (GSM) - List of securities moving into their respective GSM Stages with effect from September 13, 2022*

1. Security Name - Moved to GSM Stage 1
2. Sudal Industries Ltd - Moved to GSM Stage 1
3. Modern Converters Ltd - Moved to GSM Stage 1
4. Rajkot Investment Trust Ltd - Moved to GSM Stage 1
5. Mehta Securities Ltd - Moved to GSM Stage 1
6. Madhur Industries Ltd - Moved to GSM Stage 1
7. Caspian Corporate Services Ltd - Moved to GSM Stage 1
8. Sabrimala Industries India Ltd - Moved to GSM Stage 1
9. IEL Ltd - Moved to GSM Stage 1
10. Mather and Platt Fire Systems Ltd - Moved to GSM Stage 2
11. Kartik Investments Trust Ltd - Moved to GSM Stage 2
12. Mediaone Global Entertainment Ltd - Moved to GSM Stage 3

*CHANGE IN PRICE BAND with effect from September 13, 2022*

1. Yaari Digital Integrated Services Ltd – 20%
2. Tata Investment Corporation Ltd – 10%
3. TRF Ltd – 10%
4. Saraswati Commercial India Ltd – 10%
5. Prakash Woollen & Synthetic Mills Ltd – 10%
6. Aananda Lakshmi Spinning Mills Ltd – 10%
7. Prime Fresh Ltd – 10%
8. Nanavati Ventures Ltd – 10%
9. Olatech Solutions Ltd – 10%
10. Modern Dairies Ltd – 10%
11. Balu Forge Industries Ltd – 10%
12. Tarapur Transformers Ltd – 10%
13. Websol Energy System Ltd – 5%
14. NRB Industrial Bearings Ltd – 5%
15. Tinna Trade Ltd – 5%
16. Ekennis Software Service Ltd – 5%
17. Energy Development Company Ltd – 5%

India Daybook Stocks in News


*HFCL:* The company has received the advance purchase orders worth Rs 447.81 crore (Positive)

*KEC International:* Company bags orders worth Rs 1,108 cr (Positive)

*Balaji Amines:* The company said the Phase 1 of 90-acre greenfield project (Unit IV) has been completed. (Positive)

*KPI Green:* The company has received new order of 4.20 MW under wind-solar hybrid power project. (Positive)

*Adani Ports:* Adani Ports’ Capex Plans Support Growth Ambitions: Citigroup (Positive)

*SBIN:* India has decided to authorise SBI to promote rupee trade with Russia, FIEO president: PTI (Positive)

*Bosch:* Bosch Mexico to Build New Manufacturing Plant in Queretaro. (Positive)

*Tata Consultancy:* Launches Mobility Cloud Suite for Automotive Enterprises (Positive)

*Siemens:* Health Regulator geared up for smooth transition to licensing of Class A and B Medical Devices wef 1st October (Positive)

*Lumax:* Acquires Damberty Real s.r.o For CZK 12000. (Positive)

*Campus:* Unveils new Autumn & Winter collection at its Annual Retailer Meet Plans to introduce 300+ new shoe designs by end of the year (Positive)

*IDBI Bank:* DIPAM Secretary said the department is working on the EoI and would soon invite preliminary bids from investors (Positive)

*PVR:* Investors Gray Birch, Plenty PE & Multiples PE to sell up to 7.74% today in a price range of ₹1,852-1,929/sh, say sources. (Neutral)

*Neuland Laboratories:* Deepak Gupta has resigned as Chief Financial Officer of the company (Neutral)

*Tata Steel:* Board has approved the fund raising through the issue of non-convertible debentures up to Rs 2,000 crore in two series. (Neutral)

*Glaxosmithkline Pharma:* Life Insurance Corporation of India has offloaded 34.63 lakh equity shares or 2.04% stake (Neutral)

*Kernex:* To consider and approve Raising of funds by issuing of securities on preferential basis and Conversion of unsecured loan into equity shares (Neutral)

*SBIN:* To Hike Prime Lending Rate By 70 bps To 13.45% From Sept 15 (Neutral)

*C.E. infosystems:* Board has considered and approved Acquisition of 26.37% of Kogo Tech Labs for Rs 10 Crore (Neutral)

*G R Infraprojects: Promoters will be selling up to 57,04,652 equity shares or 5.9% stake in the company through OFS.

STOCKS TO WATCH: HFCL, G R INFRAPROJECTS, KPI GREEN, BALAJI AMINES, KERNEX MICROSYSTEMS, TATA STEEL, LUMAX IND, ADITYA BIRLA, HERO MOTO, CE INFO

HFCL: Co Got Orders Aggregating To 4.48b Rupees

G R Infraprojects: Offer For Sale (Ofs) Of 5.7m Shares, 5.9% Of Equity On Sept 15-16 || Offer For Sale Floor Price At Rupees 1,260 Per Share

KPI Green Energy: Co Gets A New Order For Executing Wind-Solar Hybrid Power Project Of 4.20 MW Capapcity

Balaji Amines: Co Completes Phase 1 Of 90-Acre Greenfield Project (Unit Iv) || DMC/PC And Pg Plant Will Be Ready To Start Commercial Production By September End In 2022

Kernex Microsystems (India): Board Meeting On Sept 17 To Consider Raising Of Funds Via Issue Of Securities On Preferential Basis || Co To Consider Conversion Of Unsecured Loan Into Shares Through Preferential Issue

Tata Steel: Co Approved Issue Of Non-Convertible Debentures || Co To Issue Non-Convertible Debentures Up To To 20b Rupees

Lumax Industries: Co Acquires Czech Republic-Based Company, Damberty Real For CZK 12,000

Aditya Birla Capital: Co Says CCI Approved 6.65b Rupees Investment By Abu Dhabi Investment Authority For 9.99% Stake In Subsidiary Aditya Birla Health Insurance

Hero Motocorp: Co Official Says Says ICE Vehicles Will Be Sold In India For Many Years To Come

Wall Street stabilized and saw modest recovery following worst sell-off in two years, owing to higher than expected inflation print. Dow closed just above flat line, S&P added 0.34% and Nasdaq outperformed with gains of close to 0.74%.

USD index and 10 year eased a bit on Wednesday while dollar index traded lower near 109.60, 10 year saw a move towards 3.40%, Cboe Vix also eased near 26.11.

Crude futures inched up a bit, WTI moved near 89, Brent above 94.

Indian stocks turned choppy following leads from Wall Street. Market saw a big opening gap down, recovered full ground to trade in green post WPI print but closed a tad lower towards the end. Nifty managed to close just above 18000, Sensex lost 225 points at close.

*Stocks may continue to trade with volatile bias on mixed global cues and weekly options expiry. Continuation of rotational bias may help participants to have profitable trades on either side. Buying weakness and selling strength till FED / RBI action on rates is done with, will help participants to maintain head above water.*

_(prices as on 4.27 am IST)_

• India Concerned Over US Sustenance Deal for Pakistan F-16 Fleet

• India Aug. Trade Deficit at $27.98b, Est. -$28.089b

o Exports rose 1.62% y/y to $33.92b

o Imports rose 37.28% y/y to $61.90b

• India Exporters Group Sees Rupee Trade With Russia Starting Soon

• Billionaire Adani’s Unit Eyes Acquisitions to Push Food Business

o Co will use IPO proceeds, internal accruals and capex

• Engine Catches Fire on Air India Express Boeing 737-800 in Oman

• India Cumulative Monsoon Rainfall 6% Above Normal as of Sept. 14

• DHL Supply Chain to Invest $500M in India Over Five Years

• Foxconn Unit Keen on Electric Vehicle Market in India

• OIL TENDER: INA Seeks Term Supplies of Non-Russian Diesel

• Global Funds Sell Net INR14B of Indian Stocks on Wednesday: NSE

o Domestic funds buy net 1.88b rupees of stocks

• Modi, Xi, Putin among top leaders to attend first in-person SCO summit: PTI

• India-China disengagement at Patrolling Point 15 “one problem less” on border: Jaishankar: PTI

• India has decided to authorise SBI to promote rupee trade with Russia, FIEO president: PTI

• Adani Ports (ADSEZ): Adani Ports’ Capex Plans Support Growth Ambitions: Citigroup

• Bosch (BOS): Bosch Mexico to Build New Manufacturing Plant in Queretaro

• HFCL (HMFC): Gets INR4.48b advance purchase orders from BSNL, Railtel

• State Bank of India (SBIN): Keeps MCLR-based lending rates unchanged in Sept.

• Tata Consultancy (TCS): Launches Mobility Cloud Suite for Automotive Enterprises

NAZARA TECH: Indian govt pannel on Online Gaming Calls For new Regulatory body to Classify Games as skills - Or Chance - Based - Retuers Report

-From Agencies

LIC considering starting its own depository for insurance dematerialisation. LIC’s insurance depository could be a separate subsidiary (Supportive for LIC)

*Trading Tweaks*

*List of securities shortlisted in ASM Framework w.e.f. September 16, 2022*

1. Alfa Transformers Ltd
2. Artson Engineering Ltd
3. Bharat Wire Ropes Ltd *
4. Ddev Plastiks Industries Ltd
5. Garware Marine Industries Ltd
6. Golkunda Diamonds & Jewellery Ltd
7. Gujarat Lease Financing Ltd
8. Innovative Tech Pack Ltd
9. Kisan Mouldings Ltd
10. LGB Forge Ltd
11. Lords Chloro Alkali Ltd
12. NRB Industrial Bearings Ltd
13. Pro Clb Global Ltd
14. Relicab Cable Manufacturing Ltd
15. Safa Systems & Technologies Ltd
16. Vivanta Industries Ltd

*List of securities which shall continue in ASM framework but shall be moved to respective higher Stage ASM w.e.f. September 16, 2022*

1. Palm Jewels Ltd
2. TTI Enterprise Ltd
3. Chemfab Alkalis Ltd *
4. Shreyas Intermediates Ltd

*List of securities moving out of ASM Framework w.e.f. September 16, 2022.*

1. Kashyap Tele-Medicines Ltd

*List of securities shortlisted in Short Term 5/15/30 Days ASM Framework w.e.f. September 16, 2022.*

1. Calcom Vision Ltd
2. Hindustan Hardy Ltd
3. Inditrade Capital Ltd
4. Praveg Communications (India) Ltd
5. Sanblue Corporation Ltd
6. Titan Securities Ltd
7. Fine Line Circuits Ltd
8. Modern Shares & Stockbrokers Ltd
9. Valiant Organics Ltd*
10. Energy Development Company Ltd*
11. Venus Pipes & Tubes Ltd*
12. Allcargo Logistics Ltd*
13. DB International Stock Brokers Ltd*
14. Bharat Gears Ltd*
15. D. B. Corp Ltd*
16. Jayaswal Neco Industries Ltd*

*List of securities which shall continue in Short Term 5/15 Days ASM framework but shall be moved to respective lower Stage ASM w.e.f. September 16, 2022.*

1. P.M. Telelinnks Ltd

*List of securities moving out of Short Term ASM Framework w.e.f. September 16, 2022.*

1. Authum Investment & Infrastructure Ltd
2. Ishita Drugs & Industries Ltd
3. Jhaveri Credits & Capital Ltd
4. Oasis Securities Ltd
5. Pratiksha Chemicals Ltd
6. Rossell India Ltd
7. TAI Industries Ltd
8. Taneja Aerospace & Aviation Ltd

US interest rates are becoming weapons of mass economic destruction

https://www.moneycontrol.com/news/opinion/us-interest-rates-are-becoming-weapons-of-mass-economic-destruction-9184431.html