These are the important headlines related to Markets and Economy, gathered from the various newspapers.
- India April-Nov Foreign Direct Investment Rose 22% Y/y to $58.4B
- Unilever India Profit Disappoints Amid Inflationary Pressure
- Axis Misses Every Analysts’ Estimates as Profit Plunges 36%
- Profit was hurt by a 10.5b rupee provisioning charge
- India Plans $41 Billion Reform to Revive Ailing Power
- Utilities
- Measures include smart meters, control systems, power lines
- India Court to Hear Amazon’s Petition to Halt Future’s Sale Jan. 28
- Cairn Will Move to Seize Indian Assets to Enforce Tax Triumph
- Cairn wants India’s response on payment before March 9
- Pine Labs Begins Tap-on-Phone Contactless Payments in India
- Eden Renewables India Secures $165m Green Loan for Solar Project
- Global Funds Sell Net INR16.9B of India Stocks Wednesday: NSE
- Domestic funds sell net 33.8m rupees of stocks
- Foreign Investors Buy Net INR2.97B of Indian Equities on Jan. 25
- India inks MoU with IEA for global energy security, sustainability
- ED arrests chairman, MD of Mumbai-based realty group in money laundering case.
- Astral Poly Technik (ASTRA): To consider free share issue on Feb. 3
- Axis Bank (AXSB): 3Q Net Income -36% y/y to 11.2b rupees, misses est. 23.60b, Provisions 46.04b; Gross NPA 3.44% vs. 4.18% q/q
- Bank of Baroda (BOB): 3Q net income 10.6b rupees vs. loss 14.1b y/y, beats est. 8.2b, Provisions 39.6b; Gross NPA 8.48% vs. 9.14% q/q
- Hero MotoCorp (HMCL): Says entered into a distribution agreement with Grupo Salinas in Mexico
- Hindustan Unilever (HUVR): 3Q Net Income +19% y/y to 19.2b rupees, misses est. 20.5b
- ICICI Prudential (IPRU): 3Q net income 3.06b rupees Vs. 3.02b rupees Y/y
- Nippon Life India AM (NAM): 3Q Net Income 2.12b rupees, beats est. 1.52b
- PNB Housing (PNBHOUSI): 3Q net income 2.23b rupees Vs. 2.35b Y/y
- United Spirits (UNSP): 3Q net income -11% y/y to 2.3b rupees, beats est. 2.22b
- United Spirits Not to Give Quantitative Guidance for FY21
- Welspun India (WLSI): 3Q net income 1.8b rupees vs 731.9m yr ago