⚫Carmakers stare at nearly 500,000 units of booking backlog, and counting. Chip shortage disrupts production plans.
⚫Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic.
⚫The SEBI said that pooling of funds and units by stock brokers or clearing members shall be discontinued for mutual fund transactions.
⚫The Centre has ordered a multi-agency probe into the offshore secrets of wealthy elites unravelled in Pandora Papers—the latest leak of offshore financial records. The complex ownership structures and ringfencing of wealth in the records will be scrutinised by a CBDT.
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🇮🇳 India Daybook
🔹 Stocks in News
JSW Energy: Company signs 591 MW wind turbine procurement contract with Senvion India (From Agencies) (Positive)
ACE: ICRA Limited has revised the outlook to positive from stable for long term rating (Positive)
Tata Motors: Q2 Production seen at 170287 vehicles versus 111660 vehicles, Up 53% YoY (Positive)
HOCL: Resumption of operations at Kochi Plant On 03-10-2021 (Positive)
M&M Fin: Disbursals at Rs6450cr +60.1%YOY & +66.6%QOQ. (Positive)
HDFC Bank: Dep at Rs14060bn, up 14.4%YOY & 4.5%QOQ CASA at Rs6580bn, up 28.6%YOY & 7.5%QOQ (Positive)
Raymond: Press Briefing today for strategic business updates on Real Estate Business (Positive)
Andrew Yule: Company has received an upgraded credit rating from CRISIL Ratings Ltd (Positive)
RVNL: MoU with Tata Steel in connection with implementation of infrastructure projects (Positive)
Elpro International: MetLife International has entered into a share purchase agreement with IGE and Elpro International to acquire their total combined shareholding (Positive)
Banswara Syntex: Cofipalux Invest SA acquired 1.7 lakh equity shares in the company at Rs 168.35 per share on the BSE (Positive)
Oil Upstream Companies: US Crude futures surges to highest since February 2015 (Positive)
HFCL: The company has bagged an order of about Rs 287.96 crore from RailTel Corporation of India (Positive)
PVR: The company has reportedly tied up with Nodwin Gaming to stream gaming tournaments in its theatres. (Positive)
Munjal Auto: ICRA Limited has re-affirmed its rating assigned to Munjal Auto Industries Limited in respect of Long term/ Short term Bank Facilities (Neutral)
Hind Zinc: Mined metal production at 248,000 tons. Integrated metal production at 209,000 tons (Neutral)
Motherson: Company has issued Commercial Paper of INR 100 crore. (Neutral)
Gokaldas Exports: The company launched its qualified institutional placement issue on October 4 (Neutral)
Bharti Airtel: The company's Rs 21,000-crore rights issue will open on October 5 and close on October 21. (Neutral)
Adani Green Energy: The company has completed the acquisition of solar power producer SB Energy India for an enterprise value of $3.5 billion. (Neutral)
ICICI Lombard: AXA to sell 3.57% stake (1.75 cr shares) in ICICI Lombard via block deal (Negative)
Bharat Forge/Motherson: North America Class 8 truck orders slip 11.7% YoY & 28.7% MoM to 28,100 units. (Negative)
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✅Offline Utilities for Income Tax Forms Form 15CA & Form 15CB issued by Income Tax India
✅ SEBI proposes minimum price ceiling for IPOs, Review of Price Band and Book Building Framework for public issues
✅New RBI Master Circular - Prudential Norms on income recognition, Asset Classification and Provisioning pertaining to Advances.
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👉🏻GST registration can't be cancelled if business not carried out from premises due to Covid 19 norms, protocols - Calcutta HC
(The Calcutta High Court has ruled that goods and service tax registration cannot be cancelled if business was not carried out from the premises, due to the nationwide Covid pandemic)
👇🏻 👇🏻 👇🏻
https://bit.ly/3amug2V
👉🏻Govt extends Credit Guarantee Scheme for Subordinate Debt upto 31st of March 2022
(The scheme was launched to provide credit facility through lending institutions to the promoters of stressed Micro, Small and Medium Enterprises)
👇🏻 👇🏻 👇🏻
https://bit.ly/3ixyeKo
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NSE INDEX PROVISIONALLY ENDS UP 0.77% OR +131.05 POINTS AT 17,822.30
COAL INDIA: INDIA GOVT SAYS MINES THAT PRODUCE COAL SOLELY FOR OWN USE NOW ALLOWED TO SELL 50% ANNUAL OUTPUT IN OPEN MARKET
GODREJ CONSUMER PRODUCTS*: CO SAYS IN INDIA, EXPECT CLOSE TO DOUBLE-DIGIT SALES GROWTH IN Q2 || AT CONSOLIDATED LEVEL, EXPECT OPER MARGINS TO CONTRACT DURING Q2
GODREJ CONSUMER PRODUCTS: CO EXPECT SALES GROWTH IN LATIN AMERICA AND SAARC BUSINESSES TO BE SOFT IN Q2 || IN INDONESIA, EXPECT A MARGINAL DECLINE IN CONSTANT CURRENCY SALES
GODREJ CONSUMER PRODUCTS: CO SAYS WITNESSED BROAD-BASED SALES GROWTH IN OUR HOME CARE AND PERSONAL CARE CATEGORIES IN Q2
BAJAJ AUTO: CO SAYS A WHOLLY OWNED SUBSIDIARY CHETAK TECHNOLOGY LIMITED HAS BEEN INCORPORATED
FUTURE RETAIL: TERMINATION OF DEAL AS FUTURE-7 WAS NOT ABLE TO MEET TARGET OF OPENING STORES, PAYMENT OF FRANCHISEE FEES || TERMINATION OF DEAL WILL NOT HAVE FINANCIAL OR BUSINESS IMPACT ON CO
FUTURE RETAIL: CO SAYS EXECUTION OF MUTUAL TERMINATION AGREEMENT FOR MASTER FRANCHISE AGREEMENT FOR 7-ELEVEN
JAMMU AND KASHMIR BANK: RESERVE BANK OF INDIA EXTENDS TERM OF R. K. CHHIBBER AS CHAIRMAN, MD OF BANK
RAYMOND: RAYMOND REALTY TO DEVELOP GRADE 'A' COMMERCIAL & HIGH STREET RETAIL SPACE AT THANE SPREAD ACROSS 1 MLN SQ. FT
BSE LTD: CO UNIT GETS IN-PRINCIPLE APPROVAL FROM RBI FOR SETTING UP AND OPERATING TRADE RECEIVABLES DISCOUNTING SYSTEM - RTRS
ARIHANT SUPERSTRUCTURES: CO TO RAISE FUND AROUND 500 CRORES RUPEES VIA NCD'S AND QIP
DATAMATICS: CO INTRODUCES ENTERPRISE PRODUCTIVITY PLAN FOR INTELLIGENT AUTOMATION PRODUCTS
STAR CEMENT: FUTURE EXPANSION OF 3 MN TON CLINKERIZATION PLANT AT LUMSHNONG, MEGHALAYA & 12 MW WHRB PROJECT
BLS INTERNATIONAL: CO SIGNS RENEWAL CONTRACT WITH ROYAL THAI EMBASSY FOR VISA SERVICES
TATA MOTORS : CO UK SEP JLR SALES: 7196 VS 15450 (YOY)
KAMDHENU: UPDATE ON DEMERGER - CO HAS FILED THE 2ND MOTION PETITION PHYSICALLY WITH THE HON''BLE NCLT, CHANDIGARH BENCH, FOR ITS APPROVAL ON TODAY
IDFC FIRST BANK:
# BANK HOUSING LOAN REGISTERED STRONG QOQ GROWTH OF 11.0% IN Q2
# BANK CASA RATIO AT 51.9% VS 40.37% (YOY) II 50.86 (QOQ)
# BANK TOTAL CUSTOMER DEPOSIT AT 83,793 CR VS 69,368 CR (YOY) II 84,893 CR (QOQ)
# BANK GROS FUNDED ASSET AT 1,17243 CR VS 1,06,828 CR (YOY) II 1,13,794 CR (QOQ)
AURIONPRO: CO STRENGTHENS ITS POSITION IN THE APAC MARKET, SIGNS UP SOME DEALS IN BANKING & FINTECH SPACE
ALLIED DIGITAL: CO WINS ORDER WORTH 165 CRORE
CEREBRA INTEGRATED: CO IS PLEASED TO ANNOUNCE THAT IT HAS INCREASED ITS CAPACITY BY 100% FROM THE CURRENT RECYCLING & REFURBISHMENT CAPACITY FROM 20,000 METRIC TONS TO 40,000 METRIC TONS
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