*India Daybook – Stocks in News*

Full view telegram.me/AlliesFin

*Concor:* Government to invite EoIs for Concor privatisation this month. (Positive)

*Adani Wilmar Q3:* Strong volume growth across all segments in Q3 (Positive)

*Tata Power:* Company to set up 3 MW solar plant in Maharashtra (Positive)

*Power stocks:* India may exempt 30 GW of solar plants from equipment duty (Positive)

*DB Realty:* Company says it executed settlement agreement with lender Reliance Commercial Finance with respect to loans. (Positive)

*Cummins:* Company launches hydrogen internal combustible engine and fuel agnostic platform. (Positive)

*Greaves:* Company launches 3 electric vehicles in the scooter category. (Positive)

*Railtel:* Company gets Rs 170 cr order from Puducherry Govt. (Positive)

*Tata Motors:* Company unveils Hydrogen Fuel Cell truck at the #AutoExpo (Positive)

*PB Fintech:* RBI has granted In-Principle approval for setting up the business of account aggregator to PB Financial Account Aggregators (Positive)

*IIFL Wealth:* Company to consider stock split and Bonus shares (Positive)

*Route Mobile:* Company has signed an exclusive SMS firewall solution and connectivity service agreement with a leading mobile network operator in Sri Lanka (Positive)

*State Bank of India:* The Central government extended the term of office of Challa Sreenivasulu Setty as Managing Director (Positive)

*Hindalco:* Company to raise funds for up to ₹700 crore from bond sale (Neutral)

*Hindustan Unilever:* Company announces 51% acquisition of Zywie Ventures (Neutral)

*Elgi Equipments:* Pattons Inc, USA identified a suitable buyer for its property and has completed the sale on January 10. (Neutral)

*Reliance Industries:* Arm Reliance Jio Infocomm has invested Rs 40,446 crore as it expanded the footprint in Tamil Nadu (Neutral)

*Tata Motors:* The company plans to expand its electric car portfolio with new models and higher price points (Neutral)

*Adani Enterprises:* Adani Group on Wednesday said that it has plans to invest Rs 60,000 crore in Madhya Pradesh. (Neutral)

*Bilcare:* Rekha Jhunjhunwala sells 6% stake in company via Open Market from January 10-11

*Tuticorin:* Citrine Fund sold additional 15.24 lakh shares in the company


Stocks in the news



Hindustan Unilever: The FMCG major has completed the acquisition of 51 percent shareholding of Zywie for Rs 264.28 crore for the first tranche. With this, Zywie Ventures has become a subsidiary of the company.

State Bank of India: The Central government extended the term of office of Challa Sreenivasulu Setty as Managing Director of the country's largest lender for a period of two years with effect from January 20, 2023.

Route Mobile: The communication platform as a service provider has signed an exclusive SMS firewall solution and connectivity service agreement with a leading mobile network operator (MNO) in Sri Lanka. The company will provide an end-to-end A2P monetization suite for all international A2P SMS' terminating on its network. Route Mobile will serve as the exclusive partner of the MNO for 2 years.

Bilcare: Rekha Jhunjhunwala has offloaded a 6.24 percent stake in Bilcare via open market transactions during January 10-11. With this, her shareholding in the company reduced to 0.106 percent, from 6.347 percent earlier.

5paisa Capital: The financial products provider has reported a 2.5 percent sequential increase in consolidated profit after tax at Rs 11.02 crore for the quarter ended December FY23. Consolidated revenue from operations at Rs 83.76 crore for the quarter grew by 5.3 percent QoQ. Consolidated profit at Rs 29.15 crore increased by 212 percent for nine months period ended December FY23 YoY, backed by improvement in quality of acquisition, reduction in CAC, focus on technology and providing superior trading platforms to customers. Revenue during the same period grew by 18.5 percent to Rs 247.3 crore.

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Why Infosys is joining Elon Musk, Y Combinator and others in pledging $1 billion for OpenAI

T.me/AlliesFin

Read more at: https://yourstory.com/2015/12/openai-infosys

Infosys invested in ChatGPT and didn't tell anyone for 7 years, in a country where People brag about investing 5000 in a chips startup.

TIME TO LEARN SOMETHING FROM THIS ?

its like YOU ARE ON WORLD TOUR WITHOUT POSTING IT ON SOCIAL MEDIA. 😂

Ig @AxiitShah

In rising market,
“Good Return will give you Trust”

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*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 12-01-2023 :*

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

*TOTAL NET BUY : +9844*

*INDEX FUT. : -555*

*INDEX OPT. : +11888*

*STOCK FUT. : -1415*

*STOCK OPT. : -74*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 12-JAN-2023 :*

*FIIS : SELL -1,662 (8.707-10,370)* 😢

*DIIS : BUY +2,127 (6,087-3,960)* 😀

*BSE SENSEX : -147 (59,958)🔽*

*NSE NIFTY : -38 (17,858)🔽*

*BSE MIDCAP. : -60 (25,147)*🔽

*BSE SMLCAP. : +05 (28,795)*🔼

*B. CRUDE : $ 84.00* 🔼 😭

*GOLD: $1894=INR 57,000(10gr)* 🔼 🙂

*SILVER : RS. 72,100 (kg) (5pm) 🔼 🙂*

*FOREX : RS. : $ 81.55* 🔼 🙂

*7.26% GOI '32 : 7.2859%(99.8125)*🔽 🙂

*7.54% GOI '36 : 7.3660% (101.45)* 🔽 🙂

*7.41 GOI '36 : 7.3497% (100.5125)* 🔽 🙂

Q3FY23 Important Result Calendar
Today
Full report Telegram.me/AlliesFin

January 13, 2023
Derivative Segment
• Wipro Ltd.
• L&T Finance Holdings Ltd.
Cash Segment
• Just Dial Ltd.

January 14, 2023
Derivative Segment
• HDFC Bank Ltd.
Cash Segment
• Avenue Supermarts Ltd.

January 16, 2023
Derivative Segment
• Federal Bank Ltd.
Cash Segment
• Angel One Ltd.
• Bank Of Maharashtra

January 17, 2023
Derivative Segment
• ICICI Lombard GIC Ltd.
• ICICI Prudential LIC Ltd.
• Delta Corp Ltd.
Cash Segment
• Tata Investment Crptn Ltd.
• Bank Of India
• Eris Lifesciences Ltd.
• Mastek Ltd.
• Metro Brands Ltd.
• Network18 Media & Invst Ltd.
• Tv18 Broadcast Ltd.

January 18, 2023
Derivative Segment
• Persistent Systems Ltd.
• Oracle Fin Ser Soft Ltd.
• Indusind Bank Ltd.
Cash Segment
• Central Bank of India
• CCL Products (India) Ltd.
• Rallis India Ltd.
• Alok Industries Ltd.

January 19, 2023
Derivative Segment
• Asian Paints Ltd.
• Mphasis Ltd.
• Can Fin Homes Ltd.
• L&T Tech Services Ltd.
• Havells India Ltd.
• Polycab India Ltd.
• Hindustan Unilever Ltd.
• AU Small Finance Bank Ltd.
• PVR Ltd.
Cash Segment
• ICICI Securities Ltd.
• IIFL Wealth Mngmt Ltd.
• Happiest Minds Tech Ltd.
• Hatsun Agro Product Ltd.
• Hindustan Zinc Ltd.

January 20, 2023
Derivative Segment
• Atul Ltd.
• Coforge Ltd.
• HDFC LIC Ltd.
• JSW Steel Ltd.
• Petronet LNG Ltd.
• IEX Ltd.
• Bandhan Bank Ltd.
Cash Segment
• Aether Industries Ltd.
• Union Bank of India
• DCM Shriram Ltd.
• Tanla Platforms Ltd.
• JSW Energy Ltd.

January 21, 2023
Derivative Segment
• ICICI Bank Ltd.
• IDFC First Bank Ltd.
• SBI LIC Ltd.
• Ultratech Cement Ltd.
• Kotak Mahindra Bank Ltd.

January 23, 2023
Derivative Segment
• Tata Communications Ltd.
• Syngene Intnl Ltd.
• Container Crptn Of India Ltd.
• Axis Bank Ltd.
Cash Segment
• Poonawalla Fincorp Ltd.
• Zensar Tech Ltd.
• Gland Pharma Ltd.
• HFCL Ltd.
• KEI Industries Ltd.

January 24, 2023
Derivative Segment
• HDFC AMC Ltd.
• Pidilite Industries Ltd.
• United Spirits Ltd.
• TVS Motor Company Ltd.
• Maruti Suzuki India Ltd.
• Indus Towers Ltd.
Cash Segment
• Sonata Software Ltd.
• Tata Coffee Ltd.
• CG Power & Indtrl Sol Ltd.
• Latent View Analytics Ltd.
• Sona BLW Precision Forgings Ltd.
• Vaibhav Global Ltd.

January 25, 2023
Derivative Segment
• Amara Raja Batteries Ltd.
• Bajaj Auto Ltd.
• Cipla Ltd.
• Dr.Reddy's Lab Ltd.
• Tata Motors Ltd.
• Torrent Pharmaceuticals Ltd.
Cash Segment
• Tata Motors Ltd – DVR
• Blue Dart Express Ltd.
• Sundaram-Clayton Ltd.
• CEAT Ltd.
• JCHAC Ltd.

January 27, 2023
Derivative Segment
• Bajaj Finance Ltd.

January 28, 2023
Derivative Segment
• Bharat Electronics Ltd.

January 30, 2023
Derivative Segment
• Bajaj Finserv Ltd.
• Exide Industries Ltd.
• Tech Mahindra Ltd.
Cash Segment
• Bajaj Hldgs & Invtmt Ltd.
• CSB Bank Ltd.
• NAM-India Ltd.

January 31, 2023
Derivative Segment
• Max Fin Ser Ltd.
• Cholafin Ltd.
Cash Segment
• Blue Star Ltd.
• TTK Prestige Ltd.
• PGHH Ltd.
• Star Health and AIC Ltd.

February 01, 2023
Cash Segment
• UTI AMC Ltd.
• Gillette India Ltd.
• Prism Johnson Ltd.
• Lakshmi Machine Works Ltd.

February 02, 2023
Derivative Segment
• Dabur India Ltd.
• HDFC Ltd.
• Aditya Birla Capital Ltd.
• Godrej Properties Ltd.
Cash Segment
• MAHLIFE Ltd.
• MHRI Ltd.

February 03, 2023
Derivative Segment
• M&MFIN Ltd.
• Tata Power Company Ltd.
Cash Segment
• Kansai Nerolac Paints Ltd.
• Emami Ltd.

February 04, 2023
Derivative Segment
• MCX Ltd.

February 05, 2023
Derivative Segment
• J.K. Cement Ltd.

February 06, 2023
Derivative Segment
• Tata Steel Ltd.

February 07, 2023
Derivative Segment
• Navin Fluorine Inter Ltd.
• The Ramco Cements Ltd.
Cash Segment
• CAMS Ltd.
• GLAXO Ltd.

February 08, 2023
Cash Segment
• Endurance Technologies Ltd.
• Godrej Agrovet Ltd.

February 09, 2023
Cash Segment
• Akzo Nobel India Ltd.

February 10, 2023
Derivative Segment
• ABB India Ltd.
Cash Segment
• JM Financial Ltd.
• Indigo Paints Ltd.

February 14, 2023
Derivative Segment
• Bosch Ltd.
• Biocon Ltd.

February 16, 2023
Derivative Segment
• Nestle India Ltd.

February 27, 2023
Derivative Segment
• Rain Industries Ltd.

Government to sell 5-year, 10-year green bonds on Jan 25 and Feb 9.

The sovereign green bonds will be used for mobilising resources for green infrastructure and the proceeds deployed in public sector projects.

Most IMP to note:
The sovereign green bonds will be eligible for trading in the secondary market and will be designated as specified securities under the ‘Fully Accessible Route’ for investment by NRI’s (non-residents). Securities which are listed under the RBI’s ‘Fully Accessible Route’ do not have any limit on overseas investment.

Worldwide, Interest offered by green bonds to investors is lower than other debt instruments issued by Govt.

https://wap.business-standard.com/article/economy-policy/rbi-details-maiden-sovereign-green-bond-sales-worth-rs-16-000-crore-123010600906_1.html

World-Topping $100 Billion: India first country to hit $100 billion annually in remittances
https://www.google.com/amp/s/www.tribuneindia.com/news/nation/remittances-from-overseas-indians-increased-by-12-pc-to-usd-100-billion-in-2022-nirmala-sitharaman-469178
The State Bank of Pakistan’s (SBP) foreign reserves hit $5.576 billion during the week ended December 2022.

Finance Minister Nirmala Sitharaman calls NRIs as 'real ambassadors of India'

India world’s largest remittance recipient
◆ $69.2 bn in 2015
◆ $72.7 bn in 2016
◆ $69.3 bn in 2017
◆ $79.8 bn in 2018
◆ $82.2 bn in 2019
◆ $84.9 bn in 2020
◆ $87.4 bn in 2021
◆ $100 +bn in 2022

INDIA retained its position as the world's top recipient of remittances.

World Bank report which had said India will be the first country in the world to receive $ 100 billion from remittances during 2022. Though remittances to the rest of the South Asian countries declined by 10 per cent, they rose by 12 per cent in India’s case.

■ Nirmala Sitaraman described NRIs as the“real ambassadors of India” and appealed to them to use made in India products and services as far as possible so that the country’s individual brand can be promoted across the globe.
■ With a sum of more than $100 billion, India inflows are far higher than Mexico ($60 billion), China ($51 billion), the Philippines ($38 billion), Egypt ($32 billion) and Pakistan ($29 billion).
■ India remains on track to become the world’s largest recipient of remittances. The remittances make up almost 3% of India’s GDP.
■ Skilled workers from India as well as migrant workers moved not only to low-skilled, informal employment in the Gulf Cooperation Council (GCC) countries for employment but also to high-income countries like the United States, United Kingdom and Asia-Pacific countries such as Singapore, Japan, Australia and New Zealand.

For the current year too, India’s inbound remittances will continue to rise, as the South Asia region has one of the lowest transaction costs in the world. Globally, the average cost of sending $ 200 was 6 per but it was the cheapest to send money to South Asia (4.3 per cent) and most expensive to send to Sub-Saharan Africa (7.8 per cent).

Economic Times

📝 Ratan Tata sets up a new endowment trust

📝 Subway explores sale that could value it at over $10 billion

📝 LTTS to acquire SWC business of parent firm for Rs 800 cr

📝 Alibaba Group sells 3% stake in Paytm parent for Rs 1,031 crore

📝 HCL Tech Q3 Results: Profit beats estimates, rises 19% YoY to Rs 4,096 cr; Rs 10 dividend announced

📝 India's wheat output may set new record of over 112 lakh tonnes in 2022-23: Govt officials

📝 India eyes ₹35kcr investments by 2047 to create waterways network

📝 B2B FMCG wholesale startup ApnaKlub raises $16 million in funding

Business Standard

📝 IIP growth rebounds to 7.1% in Nov; retail inflation eases to 5.7% in Dec

📝 NCLT adjourns Zee Entertainment lenders' pleas against merger to Feb 2

📝 Air India to launch 12 weekly flights to London Gatwick airport from March

📝 NCLT gives approval for merger of multiplex operators PVR and Inox

📝 Tata Group planning to set up EV cell-manufacturing operations in Europe

📝 India's Mahindra named fastest-growing brand in South Africa for 2022

📝 Govt to mandate jewellery hallmark standards in 43 more districts

📝 Govt working on policy for ethanol pumps, says Union minister Gadkari

📝 India, US create new working group on 'resilient trade' under TPF

📝 Central govt's borrowings may touch Rs 14.8 trillion in FY24: Icra report

📝 US inflation cools again to 6.5%, gives Fed room to downshift on rates

Financial Express

📝 Japanese sportswear brand ASICS eyes India’s running market

📝 Goat Brand Labs buys 80% in Chumbak for Rs 120 cr

📝 In tech push, HDFC Bank building its own platform: CIO

📝 Infosys raises FY23 guidance to 16-16.5%; Q3 net profit up 9.4%

📝 Gujarat Govt announces new regularisation policy for unauthorised construction in industrial estates

📝 Sebi specifies norms for AIF investment in CDS

📝 Food inflation falls sharply to 4.19%

📝 India to take up development issues facing Global South at G-20 meetings, says Nirmala Sitharaman

Mint

📝 US signs $25 million deal to fight against Ebola with Moderna technology

📝 Centre to invite bids for 8GW wind power annually till 2030

📝 Apax Partners to sell its entire stake in Shriram Finance

📝 Centre aims 118 million tonne of domestic coal stock by March 2023

📝 EoI for ₹17,000cr transhipment port in Nicobar Islands by Jan-end

📝 SBI launches e-Bank Guarantee (e-BG) facility in collaboration with NeSL

📝 China’s junk-bond market creaks open with a $400 million sale

📝 Guyana offers 200 acres of land to India for production of millets for private sector

📝 Centre brings new rules to curb systematic under-valuation of imports.

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 13-01-2023 :*

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

*TOTAL NET BUY : +2960*

*INDEX FUT. : +1507*

*INDEX OPT. : +305*

*STOCK FUT. : +1156*

*STOCK OPT. : -08*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 13-JAN-2023 :*

*FIIS : SELL -2,423 (9,305-11,728)* 😢

*DIIS : BUY +1,953 (5,700-3,747)* 😄

*BSE SENSEX : +303 (60,261)🔼*

*NSE NIFTY : +98 (17,956)🔼*

*BSE MIDCAP. : +24 (25,171)*🔼

*BSE SMLCAP. : +63 (28,858)*🔼

*B. CRUDE : $ 84.32* 🔼 😔

*GOLD: $1904=INR 57,000(10gr)* ↔️ 😳

*SILVER : RS. 72,400 (kg) (5pm) 🔼 🙂*

*FOREX : RS. : $ 81.3250* 🔼 😊

*7.26% GOI '32 : 7.3003%(99.7150)*🔼 😔

*7.54% GOI '36 : 7.3662% (101.4475)* ↔️ 😳

*7.41 GOI '36 : 7.3568% (100.45)* 🔼 😔

Dear Investor,

We cordially invite you to attend SUSHIL’s Flagship Investor Awareness Webinar: THE FINANCIAL WELL-BEING…

Date & Time: Friday, 20th Jan 2023, 04.00 PM to 05.30 PM
Mode of Presentation: Online (On Microsoft Teams)
(Note: The Webinar Joining Link will be sent to registered participants shortly before the Scheduled Start Time.)

Click on the link below to register for this Webinar:
https://wa.me/919869958999

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 16-01-2023 :*

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

*TOTAL NET SELL : -4536*

*INDEX FUT. : -1165*

*INDEX OPT. : -2632*

*STOCK FUT. : -773*

*STOCK OPT. : +34*

*SEC. IN F&O BAN FOR, 17 JAN, 2023 :*

*1. IBULHSGFIN 2. GNFC 3. L&TFH*

*ADDITION : L&TFIN*
*DELETION : NIL*


*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 16-JAN-2023 :*

*FIIS : SELL -750 (6,260-7,010)* 😩

*DIIS : BUY +686 (5,220-4,534)* 😊

*BSE SENSEX : -168 (60,093)🔽*

*NSE NIFTY : -62 (17,894)🔽*

*BSE MIDCAP. : -85 (25,086)*🔽

*BSE SMLCAP. : -28 (28,830)*🔽

*B. CRUDE : $ 84.25* ↔️ 😳

*GOLD: $1917=INR 57,630(10gr)* 🔼 😊

*SILVER : RS. 73,200 (kg) (5pm) 🔼 😊*

*FOREX : RS. : $ 81.6125* 🔽 😩

*7.26% GOI '32 : 7.3283%(99.5250)*🔼 😔

*7.54% GOI '36 : 7.3823% (101.31)* 🔼 😔

*7.41 GOI '36 : 7.3753% (100.29)* 🔼 😔

Mkt. Updates :

*SGX Nifty +25 pts (17967) from last trade 17942 ,*

Nikkei +333 pts ,
Hangseng -69 pts ,
Around @ 6.52am .

US Mkt Clsd , Bovespa -1703 pts , Ftse +16 Pts , Dax +47 pts , Cac +19 pts , Crude @ $78.88 brl (-0.98), Brent @ $84.46 brl (-0.00) , Gold @ 1921.30 (-0.40), Silver @ $24.47 (+0.09), Euro @ $1.0829, JPY @ $128.31, INR @ 81.635


*US GOVT. 10-YEAR YIELD : 3.53%*


*Today's Corporate Action, 17 Jan Ex Date :*

SKL
E.G.M.


*Today's Key Results/Board Meetings, 17-Jan-22 :*

CHANDRAP
General;Quarterly Results     
ICICIGI
Audited Results        
ICICIPRULI
Audited Results;Quarterly Results      
NATIONALUM
Interim Dividend;General      
SHALBY
Quarterly Results        
TATAINVEST
Quarterly Results        
TIGERLOGS
General;Quarterly Results


*SEC. IN F&O BAN FOR, 17 JAN, 2023 :*

*1. IBULHSGFIN 2. GNFC 3. L&TFH*

*ADDITION : L&TFIN*
*DELETION : NIL*


*Today's Alert :*

*RBI to Conduct Auction of SDLS BONDS for INR 67 Billion*

*🌹India Daybook – Stocks in News*


*Siemens:* Company signs contract with Indian Railways for a 26,000 cr locomotive project to deliver 1,200 electric locomotives. (Positive)

*NTPC:* Renewable Energy signs MoU with Tripura Govt for renewable energy development (Positive)

*Phoenix Mills:* Subsidiary completes acquisition of Janus Logistics for Rs 26 cr (Positive)

*Sula Vineyards:* Quant mutual fund bought 10 lakh shares in company (Positive)

*Tata Metaliks:* MS Singapore bought 1.98 lakh shares in company (Positive)

*Hi Tech Pipes:* Quant mutual fund bought 2.0 lakh shares in company. (Positive)

*Tata Motors:* The company, which crossed 5 lakh cumulative wholesale sales mark in 2022 (Positive)

*Wheels India:* Company starts exports of wheels with advanced flow form technology (Positive)

*Spencer’s Retail:* Company forays into new hypermarket format (Positive)

*Bank of Baroda:* Government extends the term of Sanjiv Chadha as MD & CEO until June 30, 2023 (Neutral)

*NALCO:* To Consider Interim Dividend today (Neutral)

*Adani Enterprises':* Saab scraps agreement with Adani to build fighter aircraft in India (Neutral)

*Energy stocks:* Special additional excise duty (SAED) on Crude cut to Rs 1,900 from Rs 2,100/Tonne (Neutral)

*PNB Housing:* Company to consider raising up to Rs 2,000 cr via NCDs on Jan 24 (Neutral)

*M&M:* Company launches its first C-Segment Electric SUV, the XUV400; starting at Rs 15.99 lakh (Neutral)

*Maruti Suzuki:* The company has transported over 3.2 lakh vehicles using Indian railways (Neutral)

*Samvardhan Motherson:* Sojitz Corporation likely to sell upto 1.6% stake in Samvardhana Motherson via Block Deal

*V Mart:* Fire accident occurred at V-Mart's store at Kanpur

*JSW Ispat:* Net loss of Rs 98 cr Vs loss of Rs 27 cr, Revenue down 25.2% at Rs 1,102.1 cr Vs Rs 1,473.2 cr (YoY)

*Kesoram:* Net loss at Rs 47.98 cr Vs loss of Rs 31.97 cr, Revenue up 12.6% at Rs 986.1 cr Vs Rs 876 cr (YoY)

*Tinplate:* The company has recorded a 62 percent year-on-year decline in profit at Rs 36.4 crore

*Stocks in the news*

Siemens: The company has received an order for 1,200 locomotives of 9,000 horsepower (HP) from Indian Railways, marking the single largest order in the history of Siemens in India. It will design, manufacture, commission and test the locomotives. Deliveries are planned over an eleven-year period, and the contract includes 35 years of full service maintenance. The locomotives will be assembled in the Indian Railways factory in Dahod, Gujarat. The contract has a total value of Rs 26,000 crore.

NTPC: Government of Tripura has signed Memorandum of Understanding with NTPC Renewable Energy. The company in collaboration will develop large sized renewable energy projects in Tripura.

IRB InvIT Fund: The company has recommenced toll collection at toll plazas of IRB Pathankot Amritsar Toll Road, one of its project SPVs (special purpose vehicle). The toll collection by the said SPV temporarily suspended last month. The project SPV is eligible for compensation against the revenue loss under Force Majeure provisions of the Concession Agreement.

Kesoram Industries: The company has posted consolidated loss of Rs 48 crore for quarter ended December FY23, widening from loss of Rs 32 crore in same period last year, impacted by higher input cost, power & fuel expenses and exceptional loss. But consolidated revenue from operations increased 12.6 percent YoY to Rs 986 crore for the quarter. Its majority of business comes from cement segment.

Ashoka Buildcon: Ashoka Kandi Ramsanpalle Road, the special purpose vehicle (SPV) of the company, has received a provisional certificate for completion of 37.92 KMs out of total project highway length of 39.980 KMs in Telangana. Also the company informed the declaration of Novemer 19, 2022 as the commercial operational date for the said HAM project of NHAI under Bharatmala Pariyojna on hybrid annuity mode. After the declaration of commercial operational date, the SPV is eligible for receipt of annuity payments from NHAI for the operation period of 15 years at the interval of every 6 months from the date of achievement of commercial operational date.

Tinplate Company of India: The tinplate manufacturer and Tata Steel subsidiary has recorded a 62 percent year-on-year decline in profit at Rs 36.4 crore for quarter ended December FY23, impacted by lower top line and operating income. Revenue from operations for the quarter at Rs 959.9 crore fell by nearly 19 percent compared to year-ago period.

*Results on January 17*

Bank of India, ICICI Lombard General Insurance Company, ICICI Prudential Life Insurance Company, Delta Corp, Eris Lifesciences, Hathway Cable & Datacom, Mastek, Metro Brands, Network18 Media & Investments, TV18 Broadcast, Newgen Software Technologies, Shalby, Tata Investment Corporation, and Tata Metaliks will be in focus ahead of quarterly earnings on January 17.

Recession?? 😃😃
Nice article, worth reading.😁
telegram.me/AlliesFin/12589

Banwarilal was a samosa seller in an Indian town. He used to sell 500 samosas everyday on a cart in his locality.

People liked his samosas for last 30 years, because he cared for hygiene in preparation and selling, would use good quality oil and other ingredients, provide free chutneys with samosas.

He would throw all unsold samosas to poor people, cow, dogs etc and did not sell unsold stale samosas to people next day.

Banwari earned good reputation and enough money from samosa selling and he never faced downfall in his sale in last 30 years.

He was able to fund his son's MBA education in a famous private college in Noida out of his earnings.

Recently his son Rohit completed his MBA and came back home as he could not get appropriate placement. Rohit started taking interest in his father's samosa business.

He had not been involved in his father's business earlier as he considered that to be an inferior job.

During MBA, Rohit read a lot on recession. He read that it is coming up in global economy and how it will affect job prospects, increase unemployment etc.

So he thought that he should advise his father of the risks in the business of samosa selling on account of recession.

He told his father that recession may cause fall in sale of samosas, so he should prepare for cost cutting to maintain the profit.

Banwari was glad that his son knows so much about business and taking interest in his business. He agreed to follow advice of his son.

Next day, Rohit suggested using 20% used cooking oil and 80% fresh. People did not notice the change in the taste and 500 samosas were sold.

Rohit was motivated by the profit made by this savings. Next day he suggested increased share of used oil to 30% and reduce the quantity of free chutney.

That day, only 400 samosas were sold and 100 samosas were thrown to poor people and dogs.

Rohit told his father that recession has really set in as predicted by him, so more cost cutting is to be done and they would not throw stale samosas but would fry them again next day and sell them.

Quantity of used oil will also be increased to 40% and to make only 400 samosas to avoid wastage.

Next day 400 samosas were sold but customers were not feeling good old taste. But Rohit told his father about savings because of his smart planning. Father told him that he may be knowing better, being educated.

Next day Rohit decided to use 50% used oil, do away with sweet chutney and provided only green chutney, made 400 samosas. That day only 300 samosas could be sold as people started disliking the taste.

Rohit told Banwari "Look , I had predicted great recession is arriving and sales would fall. Now this is happening. We will not throw away these 100 stale samosas but would fry and sell them tomorrow." Father agreed to his MBA son.

Next day, 200 fresh samosas were made with 50% used oil, 100 stale fried samosa were offered for sale but only 200 could be sold as people sensed the drastic fall in quality.

Rohit said that recession has really set in and now people have no money left to spend so they should make only 100 samosas and recycle 100 stale samosas and stop giving paper napkins.

After this only 50 samosas could be sold .
Rohit told his father " Now recession has taken people in its grip. People have lost income. So, this business will be in loss and they should stop selling samosas and do something else."

Now his father started shouting, "I did not know that they teach cheating in the name of MBA. I lost my money in getting your MBA education. In last 30 years of samosa selling, I never had recession but your greed for profit brought recession in my business and caused closure. Get out of my business and I will get it back to earlier level. If you want, I can hire you for washing dishes as that is the only thing you can do despite being MBA educated."

Thereafter , Banwari started following his age old wisdom and fair practices in business. Within a month his sale reached to 600 samosas.

Recession is nothing but convergence of greed of government to extract more taxes, greed of big businesses to be more profitable by reducing quality and using unfair practices and also of careless arrogant employees giving pathetic service as long as profits are coming. Recession is the punishment given to businesses and government by people by restricting their spending.

Nice article, worth reading.😁