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*Good Morning*

• Russian Oil Exports to India May Hit New Highs as Interest Grows

• Pakistan Rupee Slumps to Record as IMF Bailout Urgency Grows

• India Hosts Egypt’s Sisi as It Looks to Increase Defense Sales

• Maybank, ADIA Among Investors at Adani’s $2.5 Billion Share Sale

• Google Tweaks Android Systems Because of India Antitrust Orders

• India to Sell 3 Mln Tons of Wheat in Open Market to Cool Prices

• Sugar Climbs as Traders Await Next Move From India Exporters

• JLR Swings to Profit After New Range Rover Model Output Doubles

o Easing chip crunch, FX gains see return to profitability

• India Discussing Sharing its Technology With African Nations

• Renault, Nissan Eye Further Projects After Alliance Reboot

• Adani Group Says Exploring Legal Action Against Hindenburg

• Adani’s Stunning $100 Billion Wealth Boom Faces Biggest Risk Yet

• Hindenburg Takes Biggest Swing Yet With Short Target on Adani

o Bets against Nikola, Twitter have paid off for short seller

• India’s December Crude Oil Imports Fall 0.7% Y/y

• Global Funds Sell NET INR 3.19B of India stocks Wednesday: NSE

o Domestic funds buy 12.3 billion rupees of India stocks

• India celebrates 74th R-Day on Kartavya Path; showcases military might: PTI

• Indian stock markets migrating to T+1 settlement cycle from Friday: PTI

• Accel, Tiger May Sell Flipkart Stake to Walmart for $1.5b: ET

• Exchanges to roll out T+1 settlement cycle from Friday

• India to hold Nagaland, Meghalaya Assembly Elections Feb. 27

• Adani Enterprises (ADE): Says Short Seller Report ‘Maliciously Mischievous’

• Amara Raja (AMRJ): 3Q net income +54% Y/y to 2.23b rupees, beats est. 2b; revenue +11% to 26.4b

• Bajaj Auto (BJAUT): 3Q net income +23% Y/y to 14.9b rupees, beats est. 13.79b; revenue +3.3% to 93.2b

• Blue Dart (BDE): 3Q net income -29% Y/y to 869.3m rupees, est. 899m; revenue +7.2% to 13.4b

• Ceat (CEAT): 3Q net income 353.9m rupees vs. loss 200m y/y, misses est. 632.7m; revenue +13% to 27.3b

• Dixon Tech (DIXON): 3Q net income +12% Y/y to 519.1m rupees, misses est. 739.3m; revenue -22% to 24b

• DLF (DLFU): 3Q net income +37% Y/y to 5.19b rupees, est. 5.3b; revenue -4% to 14.9b

• Dr Reddy’s Lab (DRRD): 3Q net income +77% Y/y to 12.b rupees, beats est. 9.57b; revenue +27% to 67.9b0

• Future Retail (FRETAIL): Future Retail’s Chairman, Director Kishore Biyani Resigns

• Indraprastha Gas (IGL): 3Q net income -10% Y/y to 2.78b rupees, misses est. 2.95b; revenue +68% to 40.9b

• Patanjali Foods (PATANJAL): 3Q net income 15% Y/y to 2.69b; revenue +26% to 79.3b

• SJVN (SJVN): Sells entire 50% stake in Bhutanese jv to partner Druk Green Power Corp for INR3.55b

• Tata Elxsi (TELX): 3Q net income +29% Y/y to 1.95b rupees, beats est. 1.78b; revenue +29% to 8.18b

• Tata Motors (TTMT): 3Q net income 29.6b rupees vs. loss 15.2b y/y, beats est. 1.06b; revenue +23% to 884.9b

• Torrent Pharma (TRP): 3Q net income +14% Y/y to 2.83b rupees, misses est. 3.26b; revenue +18% to 24.9b