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Economic Times

๐Ÿ“ JSW Utkal Steel receives possession of 2600 acres forest land in Odisha

๐Ÿ“ Sebi bans naked short selling in securities market

๐Ÿ“ MobiKwik files draft papers for Rs 700 crore IPO

๐Ÿ“ CBDC payments hit RBI goal of 1 million/day

๐Ÿ“ Govt launches portal to assist farmers and make India self-sufficient in pulses

๐Ÿ“ India's GDP growth pegged at 7.3% for FY24, govt's first advance estimate shows

๐Ÿ“ US adds 216,000 jobs as hiring picks up, unemployment steady

๐Ÿ“ GAIL signs deal 10-year deal with Vitol for LNG supply

๐Ÿ“ Country Delight raises $20 million in funding from Temasek, Venturi Partners

๐Ÿ“ US-based firm SentinelOne acquires Bengaluru cybersecurity startup PingSafe

Business Standard

๐Ÿ“ Canada-based Brookfield Asset Management to buy ATC India in $2 bn deal

๐Ÿ“ HDFC Bank's advances rise 62.4% to Rs 24.7 trn in December quarter

๐Ÿ“ Govt probes DHL, FedEx, UPS for alleged collusion on discounts & tariffs

๐Ÿ“ Apollo Hospitals plans to invest Rs 3,000 cr, add 2,000 beds in 3 years: MD

๐Ÿ“ Tata Motors introduces first pure EV architecture called 'acti.ev'

๐Ÿ“ Narayana Health gets Irdai nod to launch health insurance business

๐Ÿ“ Agri growth pegged at 7-year low of 1.8% in FY24 due to poor Kharif harvest

๐Ÿ“ India's services PMI touches a three-month high at 59 in December

๐Ÿ“ PFRDA seeks tax parity for NPS contributions with PF contributions

๐Ÿ“ Indian medtech industry urges govt action to reduce import dependency

๐Ÿ“ Coal ministry to build integrated platform for managing coal transport

๐Ÿ“ India's forex reserves jump $2.75 bn to $623.2 bn, shows RBI data

๐Ÿ“ Premiums of non-life insurance companies rise 14.74% YoY in Dec 2023

๐Ÿ“ Indian investment bankers earn $1.3 billion in fees, highest since 2000

Financial Express

๐Ÿ“ Lodha posts pre-sales of Rs 3410 crore; says its best ever Q3

๐Ÿ“ Titan reports 22 pc revenue growth in December quarter

๐Ÿ“Suzlon bags 225 MW wind energy project from Everrenew Energy

๐Ÿ“ Swan Energy receives Reliance Naval management control handover from the monitoring committee

๐Ÿ“ SC directs Airtel to pay Rs 112 crore to bankrupt Aircel for past dues

๐Ÿ“ UK looks for greater share in India auto sector under FTA: Official

๐Ÿ“ RBIโ€™s VRR auction gets 2.8 times bids

Mint

๐Ÿ“ Tata Steel Q3 update: Crude steel production stood at 5.32 million tons, up 6%

๐Ÿ“ Karnataka makes Covid test mandatory for patients with respiratory illnesses

๐Ÿ“ Govt okays hydrocarbons pact with Guyana; funding for earth sciences

๐Ÿ“ Demand for luxury housing in India surges, villas most popular in metro cities

๐Ÿ“ New Swan Multitech IPO opens next week, price band set at โ‚น62-66 apiece

๐Ÿ“ Morgan Stanley downgrades outlook on US dollar to neutral

๐Ÿ“ Gautam Adani regains top spot as India's richest person

๐Ÿ“ Exicom Tele-Systems raises โ‚น71 crore via pre-IPO placement.

For Market updates
T.me/AlliesFin
๐Ÿ‘1
@AlliesFin

India creates yet another landmark. Indiaโ€™s first solar observatory Aditya-L1 reaches it destination. It is a testament to the relentless dedication of our scientists in realising among the most complex and intricate space missions.

MILESTONE FOR BHARAT ๐Ÿ‡ฎ๐Ÿ‡ณ
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Market Update
@AlliesFin

Gift Nifty -21 pts
Gift Nifty 21788
(21809 Nifty Fut Clsd)

*Dow +25.77 pts*
Nsdq +13.77 pts,
S&P +8.56 pts ,
Bovespa +797 pts , Ftse -33 pts , Dax -23 pts , Cac -29 pts ,, Nikkei clsd now ,Crude @ $73.70 brl (-0.11), Brent @ $78.71 brl (-0.05) , Gold @ 2050.90 (+1.10), Silver $23.315 (+0.00), Euro @ $1.0937, JPY @ $144.77,
INR @ 83.103

*Today's Corporate Action*
*8th Jan Ex Date*
GARGFUR
E.G.M.   
QUEST
Right Issue of Equity Shares

*Today's Key Results/Board Meetings*
*08-Jan-24*
CHLLTD
Genera
lFRANKLININD
Quarterly Results;General
GDLLEAS
Quarterly Results
INDXTRA
Quarterly Results
REMLIFE
Stock  Split
SELLWIN
General;Increase in Authorised Capital
SGMART
Quarterly Results;General;Bonus issue;Stock  Split
SPECFOOD
Quarterly Results

*Stock under F&O ban on NSE*
*08-Jan-24*
1 BALRAMCHIN
2 CHAMBLFERT
3 DELTACORP
4 ESCORTS
5 GNFC
6 IEX
7 INDIACEM
8 NATIONALUM
9 PEL
10 SAIL
11 ZEEL
Stocks in the news

T.me/AlliesFin

Titan Ltd registered revenue growth of 22 percent YoY for Q3CFY. Its jewellery business grew 23 percent and watches & wearables division 21 percent but the eyecare business declined 3 percent YoY.

Godrej Consumer Products said the operating environment in India for Q3FY24 continued to remain similar to Q2. Despite this, the organic business delivered steady underlying volume growth of mid-single digits. Growth was broad-based across both home care and personal care.

Marico said the consolidated revenue declined in low single digits in Q3FY24 YoY. International business delivered mid-single digit constant currency growth amidst transient macro headwinds in the Bangladesh market, while domestic volumes grew in low single digits YoY with a slight sequential improvement in core portfolio.

Jupiter Wagons has received a contract worth Rs 100 cr from one of the leading automobile manufacturers for the manufacturing and supply of 4 rakes of double decker automobile carrier wagons.

Tata Steel announced its provisional production and delivery volumes for Q3CFY. India's production volume grew 6.4 percent YoY to 5.32 mt (million tonnes) and delivery volumes increased 3 percent to 4.88 mt, while Tata Steel Netherlands' production volume fell sharply by 23 percent YoY to 1.17 mt and delivery volumes dropped 7.86 percent to 1.29 mt.

Bank of Baroda's global business grew 10.68 percent YoY to Rs 22.95 lakh cr with advances rising 13.59 percent YoY to Rs 10.49 lakh cr and deposits increasing 8.34 percent YoY to Rs 12.45 lakh cr for Q3CFY. Domestic deposits grew 6.34 percent YoY to Rs 10.67 lakh cr, while advances rose 13.4 percent to Rs 8.62 lakh cr in Q3FY24.

Union Bank of India's total business crossed Rs 20.68 lakh cr as of the December quarter, growing 10.67 percent YoY. Total advances increased by 11.44 percent YoY to Rs 8.96 lakh cr and deposits jumped 10.09 percent YoY to Rs 11.72 lakh cr as of Q3FY24.

Federal Bank: RBI has asked the bank for its succession plans. It has asked the bank to submit at least two fresh names for the roles of MD and CEO.

Adani Wilmar estimated that elevated demand from the festive and wedding seasons benefited the company in the branded oil and foods segment, and it recorded the best-ever volume during the quarter.

JSW Steel received possession of 2,678 acres of forest land from the Odisha government for setting up an integrated steel plant to have 13.2 MTPA crude steel manufacturing capacity.

Reliance Power signed an agreement with DBS Bank India in the settlement of the entire obligations concerning its borrowings.

Godrej Industries's chemical division signed a MoU with the Gujarat government to invest Rs 600 cr over the next four years.

SJVN's unit SJVN Green Energy signed a power usage agreement with Uttarakhand Power Corp. to supply 200 MW of solar power from the under-construction 1,000 MW Bikaner. The development cost of the project is Rs 5,491 cr.

Satin Creditcare entered into a co-lending agreement with Karnataka Bank to provide financial support to Joint liability groups of economically active women in both rural and semi-urban areas.

RPSG Ventures: A fire occurred at its job worker factory in UP. It is in the process of ascertaining the cause of the fire and damage.

Bhansali Engineering Polymers issued a LoA to Toyo Engineering India for front-end engineering design and capex cost estimation for the brownfield ABS expansion project.

Narayana Hrudayalaya: IRDA granted a license to the companyโ€™s unit Narayan Health Insurance to carry on the health insurance business.

BCL Industries announced an increase in the ethanol purchase price by OMCs from Jan. 5, 2024. OMCs have raised the price by Rs 5.79 per litre for maize-sourced ethanol, impacting 70% of its ethanol supply.

LIC received tax and penalty demand worth of Rs 382 cr from Gujarat tax authority for FY18 and FY19.

Oil India approved incorporating a new subsidiary for the green energy business.

Cupid will consider a stock split, a bonus issue, and a fundraiser on Jan. 23.
โค1๐Ÿ‘1
Sansera Engineering invested Rs 19.54 crore in CleanMax Enviro Energy Solutions to achieve 70% renewable energy usage in its Bangalore and Pune plants.

NBCC received an order worth Rs 25.38 cr from Lokpal of India for interior and fitout works for A-400 & A-500.

GE Power received an order worth Rs 22.15 cr from Maithon Power for combustion modification of boilers for 2 x 525 MW units.
*Economic Times*

๐Ÿ“ JC Flowers ARC, Acre, Edelweiss among bidders for Yes Bank's โ‚น4,200-cr NPA pile

๐Ÿ“ Abhinandan Lodha Group plans Rs 2,000-cr luxury hotels in Ayodhya, Benares, Vrindavan

๐Ÿ“ China sanctions 5 US defence companies in response to US sanctions and arms sales to Taiwan

๐Ÿ“ IIFCL plans to garner Rs 2,000 crore via maiden green bonds in 6 months

๐Ÿ“ ISRO to carry out final launch of โ€˜Gaganyaanโ€™ in 2025: Jitendra Singh

๐Ÿ“ Israel's forex reserves rise by $6.5 B in December

๐Ÿ“ Honda considers $14B EV plan in Canada

๐Ÿ“ Bank borrowings increase by 67 per cent in 2023

๐Ÿ“ REC launching Yen bonds this week to raise Rs 2500 crore

๐Ÿ“ Tamil Nadu signs deals worth $4.4 billion with investors such as Tata, Pegatron

*Business Standard*

๐Ÿ“ Interim Budget 2024-25 likely to set nominal GDP growth at 10-10.5%

๐Ÿ“ India-US forum to discuss import monitoring system for laptops, PCs

๐Ÿ“ GST officers detect over 29,000 bogus firms involved in fake ITC claims

๐Ÿ“ Indira IVF on global expansion spree, eyes overseas centre in Nepal first

๐Ÿ“ Amid bull run, mutual fund assets soared 22% in December quarter

๐Ÿ“ Rajnath Singh to talk defence production in a two-day visit to London

๐Ÿ“ JN.1 becomes dominant strain in most parts of India, shows Insacog data

๐Ÿ“ Offshore syndication of loans at 15-year high, zooms to $21 bn in 2023

๐Ÿ“ MedTech industry seeks action to reduce import dependency, boost growth

๐Ÿ“ Unsold homes in Delhi-NCR fall 23% to 94,803 units at 2023-end: Anarock

*Financial Express*

๐Ÿ“ SaaS to spur revenue growth for IT firms in 2024: Analysts

๐Ÿ“ Capital infusion in OMCS may be halved to Rs 15,000 crore

๐Ÿ“ Petrochemical industry opposes Oman FTA, deal may be delayed

๐Ÿ“ GDP numbers for FY24 show discrepancies of Rs 2.59 lakh crore

๐Ÿ“ ONGC seeks premium over govt price for coal seam gas

*Mint*

๐Ÿ“ Aditya Birla Cap preps digital, payments push

๐Ÿ“ Govt mulls easing norms to boost rooftop solar

๐Ÿ“ IMD forecasts rain for Delhi, north, central India in next 48 hrs; cold spell thereafter

๐Ÿ“ NCLAT rejects Authum Investment plea challenging resolution of Srei companies

๐Ÿ“ Qualcomm India to invest โ‚น177.27 cr for new design centre

๐Ÿ“ Air India Express completes Boeing 737 MAX inspection

๐Ÿ“ FPIs continue investing spree, infuse โ‚น4,773 crore in first week of January.
๐Ÿ‡ฎ๐Ÿ‡ณIndia Daybook Stocks in News

@AlliesFin

*ONGC:* Company has started first oil production from the KG-DWN-98/2 block. (Positive)

*JSW Steel:* JSW Utkal Steel receives environmental clearance for setting up of a greenfield Integrated Steel Plant of 13.2 MTPA crude steel (Positive)

*JK Cement:* Wholly Owned Subsidiary JK Maxx Paints Acquires remaining 20% stake of Acro Paints for Rs 53.31 Crores (Positive)

*Oil India:* Board Approves Incorporation of a Wholly Owned Subsidiary of the Company for Green Energy Business (Positive)

*Union Bank:* Domestic Deposits Up 3.05% QoQ, Domestic Advances Up 5.51% QoQ (Positive)

*Godrej CP:* Organic business delivered steady underlying volume growth of mid-single digit (Positive)

*Narayana Hrudalaya:* Companyโ€™s wholly owned subsidiary Narayana Health Insurance granted License by IRDA (Positive)

*Titan:* Registered Revenue Growth of 22% YoY (Positive)

*Star Health:* December Premium up 14% YoY. (Positive)

*NIACL:* December Premium up 14% YoY. (Positive)

*ICICI Lombard:* December Premium up 20% YoY. (Positive)

Recently-listed IREDA, Cello_World, Honasa_Consumer_ and Signature_Global are among the top contenders likely to make it to the MSCI Smallcap index. (Positive)

*Bajaj Auto:* Board To Consider Buyback On January 8, Monday. (Positive)

*Chambal:* Board To Consider Buyback On January 8, Monday (Positive)

*Cipla:* Company signs JV pact with Kemwell Biopharma UK & MNI Ventures, Mauritius for incorporation of a joint venture company in USA. (Positive)

*Satin Credit:* Enters into co-lending agreement with Karnataka Bank (Positive)

*FIEM:* To consider and approve /recommend issuance of Bonus Shares (Positive)

*Cupid:* Along with Results Board To Consider Stock Split & Bonus Issue of Shares on 23rd January. (Positive)

*Jupiter Wagons:* Company has received a contract worth Rs 100 crore from one of the leading automobile manufacturers for the manufacturing and supply (Positive)

*TVS Motor:* Signs MoU with Government of Tamil Nadu to invest โ‚น5,000 crore in five years. (Positive)

*REC, RVNL:* Sign Memorandum of Understanding to finance up to Rs 35,000 crore for infrastructure projects. (Positive)

*Bank Baroda:* Domestic Deposits Down 0.62% QoQ, Domestic Advances Up 3.18% QoQ (Neutral)

*Godrej Ind:* Signs a Non-binding MoU with the Government of Gujarat for investment upto Rs 600 crore (Neutral)

*Medplus:* Gets Order For Suspension Of Drug Licence For 6 Days For Store located at Shankarayapally Jadcherla (Neutral)

*Shreyas Shipping:* Companyโ€™s vessel M.V. SSL Brahmaputra reported fire in the Engine Room (Neutral)

*M&M:* Zoomcar Inc ceased to be an associate company, following the completion of a merger between Zoomcar Inc (Neutral)

*Shyam Metaliks:* Board approves issue of 2.4 Crore Shares to 38 Qualified Institutional Buyers at Rs 576/ Share (Neutral)

*Federal Bank:* RBI asks Bank to submit a fresh proposal containing a panel of at least 2 fresh names for appointment as MD & CEO of the Bank (Neutral)

*Tata Steel:* India Production Volume at 5.32 Million Tons, Up 6.4% YoY & 6% QoQ (Neutral)

*Adani Wilmar:* Standalone sales declined 15% year-on-year, volumes increased by 6% year-on-year. (Neutral)

*Dr Reddy:* Company recalls over 8,000 bottles of generic drug in US due to packaging error (Neutral)

*NTPC:* Company gets tax demand order of Rs 41.8 cr from Bihar GST department (Neutral)

*Nykaa:* There Has Been Some Impact On Discretionary Consumption Due To Short-term Pressures.

*Marico:* Domestic volumes grew in low single digits on a YoY basis
@AlliesFin

Summary of Tamil Nadu Global Investors Summit 2024 Day 1.

1. Tata Electronics to invest 12,082 crore in Krishnagiri, Tamil Nadu.

2. Vietnamese VinFast signs MoU to invest $2 billion in Tamil Nadu for an EV cluster at Tuticorin.

3. JSW Renewable Energy to invest 15,000 crore further in Thoothukudi and Tirunveli, Tamil Nadu.

4. TVS Group announces investment of 5,000 crore in Automobile, IT and Realty sectors.

5. iPhone manufacturer Pegatron to invest 1,000 crore further at its Mahindra city manufacturing plant near Chennai.

6. Hyundai to invest 6,000 crore for Hydrogen resource centre in association with IIT Madras.

7. US's First Solar manufacturing facility in Sriperumbudur inaugurated.

8. Qualcomm inaugurated a new design centre in Chennai.

9. Tamil Nadu CM laid the foundation stone for an integrated manufacturing unit of Godrej.

10. Mitsubishi Electric to further invest 250 crore for expansion of its AC and compressor plant.

Stay tuned for updates
Telegram.me/AlliesFin ๐Ÿ˜Š
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INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 08-01-2024 :

T.me/AlliesFin

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

*TOTAL NET SELL : -45813* ๐Ÿ˜ญ๐Ÿ˜ญ

*INDEX FUT. : -1418*

*INDEX OPT. : -40858*

*STOCK FUT. : -2752*

*STOCK OPT. : -781*

SEC. IN F&O BAN FOR, 09-JAN-24 :

*1. BALRAMCHIN 2. BANDHANBNK 3. CHAMBLFERT 4. DELTACORP 5. ESCORTS 6. GNFC 7. HINDCOPPER 8. IEX 9. INDIACEM 10. NATIONALUM 11. PEL 12. SAIL 13. ZEEL*

*ADDITION : BANDHANBNK, HINDCOPPER*
*DELETION : NIL*

INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 08-JAN-2024 :

*FIIS : BUY +16 (10,246-10,230)* ๐Ÿ˜ณ

*DIIS : BUY +156 (9,837-9,681)* ๐Ÿ™‚

*BSE SENSEX : -671 (71,355)๐Ÿ”ฝ*

*NSE NIFTY : -198 (21,513)๐Ÿ”ฝ*

*BSE MIDCAP. : -328 (37,378)*๐Ÿ”ฝ

*BSE SMLCAP. : -159 (43,660)*๐Ÿ”ฝ

*B. CRUDE : $ 75.46* ๐Ÿ”ฝ ๐Ÿ˜ƒ๐Ÿ˜ƒ

*GOLD: $ 2,024=INR 63,000(10gr)*๐Ÿ”ฝ๐Ÿ˜ฅ

*SILVER : RS. 76,700 (kg)(5pm)*๐Ÿ”ฝโ˜บ๏ธ

*FOREX : RS. $ 83.13 ๐Ÿ”ผ ๐Ÿ™‚*

*7.18%NEW '33: 7.2016%(99.8425)๐Ÿ”ฝ๐Ÿ˜Š*

*7.18%GOI '37: 7.3141% (98.8550)๐Ÿ”ฝ๐Ÿ˜Š*
BIG BREAKING NEWS - Crude Oil discovered in India, Union Minister Hardeep Puri said that first oil is also extracted ๐Ÿ”ฅ๐Ÿ”ฅ

ONGC announces Crude Oil discovery in Krishna Godavari Basin. 26 wells found โšก

Production is expected to touch 45,000 barrels per day by May or June. The productive site emerges about 30 kilometers from Kakinada's coast, nestled within the Krishna Godavari basin.
T.me/AlliesFin
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*Stocks to Watch*

*Tata Motors* : Subsidiary Jaguar Land Rover (JLR) announced 27 percent YoY growth in Q3 sales to 101,043 units. YTD wholesales for FY24 were 291,113 units, up 28 percent year-on-year. Retail sales went up 29 percent to 109,140.

*Bajaj* *Auto* : The board of directors approved the proposal to buy back shares worth Rs 4000 crore. The company will buy back 40 lakh equity shares at an average price of Rs 10,000 per share.

*Cipla* : The company has announced a JV in the US with Kemwell Biopharma and Manipal Education & Medical Group to develop and commercialise novel cell therapy products for unmet medical needs in the US, Japan and the EU.

*Eicher* *Motors* : Has signed a non-binding MoU with the Tamil Nadu government to invest Rs 3000 crore over 8 years to build greenfield and brownfield projects in the state as part of the Tamil Nadu Global Investors Meet 2024, Chennai.

*BEML* : The company has bagged a Rs 329.87 crore worth order from the Ministry of Defence to supply a Mechanical Minefield Marking Equipment Mark-II.

*Brigade Enterprises* : Has signed MoUs worth Rs 3,400 crore with the Tamil Nadu government to develop projects in the next 3-4 years as part of the Tamil Nadu Global Investors Meet 2024, Chennai.

*Oil* *India* : It has signed a Joint Venture Agreement (JVA) with Assam Power Generation Corporation to work together in renewable/green energy business.

*Lemon* *Tree* *Hotels* : The hotel chain signed a new hotel in Meerut, Uttar Pradesh. The hotel will be open from FY25 and will be franchised by the company. The hotel will have 75 rooms.

*Aurobindo* *Pharma* : The company announced it received the establishment inspection report from the US FDA for its Telangana unit. The report classified the facility as โ€œVoluntary Action Indicated.โ€.

*IRM* *Energy* : The company signed a MoU with the Tamil Nadu government to invest Rs 858 crore in a project in the state over the next 5 years as part of the Tamil Nadu Global Investors Meet 2024 in Chennai. The projects will provide employment to 2200 people in the state.