Equity Benchmarks achieved all-time high as NIFTY climbed 2.5% to settle the week at 18339, whereas SENSEX closes at 61,036.
Realty, Power, Metals, Capital goods and Banks were the main gainers while Auto was the sole loser. Midcap and Smallcap indices rose close to 0.5% each.
1) Prime Minister Narendra Modi will launch the digital platform for the National Infrastructure Masterplan, through which the entire network of projects - from roads and railways to telecom networks and gas pipelines - until 2020, with plans up to 2024-25, will be laid out.
2) Rakesh Jhunjhunwala backed Akasa Airline has received a no objection certificate (NOC) from the Indian Government. The airline will now seek a license from the Directorate General of Civil Aviation (DGCA).The company will have former Jet Airways Chief Executive Officer Vinay Dube as the CEO for the airline.
3) Reliance Industries announced the acquisition of REC Solar Holdings and purchase of a 40% stake in Sterling & Wilson Solar.
Reliance New Energy Solar, a subsidiary of Reliance Industries, will invest USD 29 million in NexWafe to accelerate product and technology development.
4) Adani Ports announced that the terminals it runs will not handle cargo from Iran, Afghanistan and Pakistan starting November 15.
5) Indian Oil: IOC is planning to put up a ‘demo plant’ within the next two years to convert ethanol into a biogas that would be used to run aircraft.
6) JSW Steel reported a 29% year-on-year growth in group combined steel production at 5.07 million tonne (MT) during the quarter ended September 30, 2021.
7) Glenmark Pharma launched dry powder inhaler Tavulus in Spain. It is intended for the treatment of chronic obstructive pulmonary disease (COPD).
8) Prestige Estates registered the highest quarterly sales of Rs 2,111.9 crore in quarter 2 of financial year 2022.
9) Bharti Group's subsidiary OneWeb will be the first private player to launch satellites from Indian soil through ISRO facilities. OneWeb starts to bring a commercial position into the Indian space market. OneWeb will use ISRO's Geosynchronous Satellite Launch Vehicle Mark III rockets for the launch of satellites from Indian soil. OneWeb has 322 satellites in space at the present.
10) Bharti Airtel and Vodafone Idea (Vi) have moved Telecom Department Settlement Appellate Tribunal (TDSAT) against the telecom department’s demand for penalties for allegedly denying Reliance Jio Infocomm (Jio) adequate points of interconnection (PoIs) in 2016, which affected the quality of services.
Vodafone Group Plc and the Aditya Birla Group are likely to invest $400 million as fresh equity in Vodafone Idea, a media report mentioned.
11) PI Industries Limited has executed two joint venture agreements with Polymath Holdings, LLC ("Polymath") for undertaking the business of manufacturing and selling the products for Bio Chemistry processes and Bio Chemical enabled pharmaceutical intermediates.
12) Sunteck Realty reported a 36 per cent year-on-year rise in its sales bookings at Rs 272 crore for the quarter ended September on better housing demand.
13) Hero MotoCorp has expanded the Pleasure scooter range with the launch of a new variant with a price starting at Rs 61,993 (ex-showroom Delhi). The 110-cc Pleasure+ XTec scooter would be available at company dealerships across the country in two trims priced at Rs 61,900 and Rs 69,500, respectively.
Hero MotoCorp has tied up with Gilera Motors to expand its operations in Argentina.
14) Commercial vehicle maker Ashok Leyland on Monday launched its all-new intermediate commercial vehicle (ICV) ecomet STAR with additional features to cater to 11T to 16T GVW ICV segment. The vehicle provides higher fuel efficiency, better tyre life, longer service intervals and overall lower maintenance cost with enhanced Turnaround Time (TAT), the company said in a statement.
15) Ujjivan Small Finance Bank’s total deposits were up 31% year-on-year at Rs 14,090 crore in quarter 2 of financial year 2022.
16) Larsen & Toubro’s construction arm has bagged 'significant' orders in India for its various businesses.
17) Tata Power Solar Systems, a subsidiary of Tata Power, received a “letter of award” to build 100 MW of distributed ground mounted solar projects for Energy Efficiency Services Limited (EESL).
18) Radico Khaitan: Goldman Sachs has maintained a ‘buy’ rating on Radico Khaitan with the company launching two products.
19) Delta Corp’s net loss for September quarter stood at Rs 22.6 crore, as compared with Rs 54.9 crore during the corresponding quarter a year ago.
20) Tata Motors’ global wholesales in September quarter, including Jaguar Land Rover, grew 24% year-on-year.
Tata Motor’s SUV Tata Punch has scored 5 Stars from safety rating agency Global NCAP.
21) HCL Tech has partnered with Google Cloud to launch healthcare and life sciences solutions for its customers.
HCL Tech’s net profit for the July to September quarter stood at Rs 3,259 crores, a 4% growth year on year.
The net profit during the same quarter last year was Rs 3,143 crores. Revenue from operations stood at Rs 20,655 crores - increasing by 11% as compared to the previous year’s corresponding period.
22) Infosys’ net profit for the July to September quarter stood at Rs 5,421 crores. The net profit during the same quarter last year was Rs 4,845 crores - a 11.9% increase. On a quarterly basis, the increase in net profit was 4.4%
23) Wipro’s net profit for the July-September quarter stood at Rs 2,930.6 crores. This was a fall of 9.6% when compared to the previous quarter’s net profit of Rs 3,248 crores. On a year-on-year basis, the net profit marked an increase as in the corresponding period last year, the net profit was Rs 2,484.4 crores.
24) IndusInd Bank and Kotak Mahindra Bank have been authorized by the RBI to collect Direct and Indirect Taxes.
25) The Union cabinet approved continuation of Swachh Bharat Mission (urban) and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) for five years till 2025-26. The AMRUT 2.0 will target universal coverage of water supply by providing household tap connections in all 4,378 statutory towns and 100% coverage of household sewerage/ septage management in 500 AMRUT cities. The total incentive allocation for the scheme is ₹2.77 lakh crore
26) The Reserve Bank of India (RBI) has issued a Small Finance Bank (SFB) license to the consortium of Centrum Financial Services Limited (Centrum), the established and profitable small business lending arm of the Centrum Group and Resilient Innovations Private Limited (BharatPe).
27) India's merchandise trade deficit widened to a record $22.6 billion in September 2021. This is the highest in at least about 14 years, on the back of rising crude oil prices and gold imports.
Imports rose to $56.39 billion from $30.52 billion last year.
Exports, meanwhile, rose 22.76% year-on-year at $33.79 billion, slower than 45.17% growth in August.
28) Dish TV’s board has rejected Yes Bank’s demand to hold an extraordinary general meeting (EGM).
29) KEC International has completed the acquisition of Spur Infrastructure Private Ltd.
30) TVS Motors’ production of the BMW Motorrad’s 310cc series of motorcycles has crossed 1 lakh units.
31) Tejas Networks and Dixon were amongst the 31 companies that have been approved for the telecom PLI scheme.
32) Adani Group has taken over the operation, management and development of the international airport in Thiruvananthapuram.
33) McDonald’s franchise Westlife Development said that it will look at adding another 150-200 stores in the next 3-4 years and will invest ₹800-1000 crore across the business. Westlife Development is the owner and operator of McDonald’s restaurants in the west and south of India.
34) India’s largest carmaker Maruti Suzuki has disbursed about 100,000 loans valued at Rs 6,500 crore in the past four months through Maruti Suzuki Smart Finance, an online platform offering real-time car finance service facility to buyers. Shashank Srivastava, senior executive director (marketing and sales) at Maruti Suzuki, said the company has seen a rapid increase in the number of consumers availing financing solutions through the platform in FY22.
35) Mutual funds bought equity worth Rs. 5,757.54 crore as against sale of Rs. 3,746.. 69 crore as on Oct 07, 2021. This led to a net purchase of Rs. 2,010.85 crore compared with a net sale of Rs. 1,686.16 crore on Oct 06, 2021.
• Mutual funds bought debt worth Rs. 4,396.55 crore as against sale of Rs. 3,821.08 crore as on Oct 07, 2021. This led to a net purchase of Rs. 575.47 crore compared with a net purchase of Rs. 2445.88 crore on Oct 06, 2021.
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