▫️Govt. sources assured that white goods (refrigerator, ac, washing machine, etc.) PLI Scheme of ₹6,238 crore is on track.
▫️Experts believe that BPCL sale by FY22 end may not feasible.
▫️Under the PM Gati Shakti Scheme, 101 projects are to be completed by 2024-2025, majority of which will be ports.
▫️The employment data from EPFO and ESIC, suggests slower job growth in September, reflecting saturation point.
▫️ Telangana and Kerala have spend the most capex in first 6 months of FY22, while UP and Maharashtra the least.
▫️ Government has set up panel to decide stable natural gas rates for power plants.
▫️ IL&FS has completed the 52% stake sale in Terracis Technology. With stake sale, the Group has resolved ₹1,275 crores of its debt.
▫️TTK Prestige to buy 51% stake in Ultrafresh Modular Solutions for ₹30 crore.
▫️ Moody’s affirmed Airtel’s “BBB-” rating.
▫️BMW India to launch series of EVs in all categories.
▫️SP Group’s housing platform sales jumped 3 times for the first half of FY22.
▫️ITC started clinical trials of its Covid-19 nasal spray.
▫️ Saudi Aramco and RIL’s $15 billion deal was called off due to valuation concerns.
▫️Asian Paints clarified on allegations of lack of disclosures.
▫️ Royal Enfield (Eicher Motors) started its assembly unit in Thailand.
▫️ Sweden’s first femal prime minister was forced to resign after few hours of her appointment.
▫️EU gave go ahead for Covid Shot among children.
▫️ Bajaj Allianz General to offer Drone Insurance.
▫️ HDFC will raise upto ₹10,000 crore by next week.
▫️BNP Paribas and Societe Generale sold part of their stake in Indiabulls Housing.
▫️Govt. approved takeover of Dadra Daman power distribution company by Torrent Power.
▫️GAIL spokesman said gas Consumption to jump 3 times by 2030.
▫️ Amazon alleged another sue at Future Group over undisclosed fund diversion.
▫️Anchor Investors like BlackRock, CPPIB bought more stake in Paytm after its fall.
▫️Upstox raised $25 million at a valuation over $ 1 billion and achieved the unicorn status.
▫️RIL may slice up oil to chemical business in a bid to unlock value.
▫️ Spicejet settled suit with aircraft lessor Goshawk.
▫️Dixon Technologies tied up with Acer to manufacture laptops in its Noida plant.
▫️Airtel completed first phase of 5G trial in Kolkata.
▫️Indian bourses ended the volatile session with smart gains, thanks to hectic buying in index majors.
▫️ Sensex ended higher by 0.78% at 58,795. Nifty 50 closed with gain of 0.70% at 17,536.
▫️ Buying was seen in IT, Pharma, Realty and Energy, which was offset by selling in Banks.
▫️ Market breadth was positive. On NSE, 1,143 stocks rose and 687 stocks fell.
▫️ Gold prices continue to trade flat at 47,500 level.
▫️Crude oil prices fell sharply to $76.8 (WTI Crude) as US may strike deal with OPEC and China.
▫️ Ruppee fell by 12 paise to 74.52 amid month end dollar demand and foreign outflows from equities and debt.
▫️US markets were closed yesterday on Thanksgiving. US futures are trading with loss of more than 400 points today morning with fears of faster rate hikes.
▫️Asia is also trading in red sea with no major indices in green. SGX Nifty is down more than 1%.
This is for educational purposes only.