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*Good Morning*

• India’s Capital Markets Regulator Proposes Tighter ESG Rules

• India’s December Crude Oil Imports Fall Most in 9 Months

• Axis Bank’s Profit Beats Estimates on Interest Income, Fees

o India’s third largest private lender’s loan slippages fall

• Ambani’s Empire Expects Bumper Profits from Global Gas Crunch

o India may raise price cap on deepwater gas by 60%: Reliance

• Future Retail to Miss Another Bond Coupon Payment Deadline

• India Antitrust Regulator Fines Japanese Shipping Cos

• Metro Plans to Leave Belgian, Indian Markets, Handelsblatt Says

• Cipla Set for Muted 3Q as Covid Recovery Hurts Sales: Preview

• Parts Shortage, High Costs Seen Hurting Maruti’s Profit: Preview

• Torrent Pharma to Report Results; Shares Down 4.2% YTD: Preview

• NIFTY VIX Surges 21%, Most in Two Months as NIFTY Declines

• Emerging Market ETFs Rise for 4th Week in $5.8 Bln Streak

• Foreign Investors Sell Net INR30.75B of Indian Equities Jan. 21

• Foreigners Buy Net INR42.8B of Indian Equity Derivatives Monday

• Sensex Plunges as Investors Dump Indian Stocks on Fed, Oil Woes

o Benchmark gauge loses more than 2.5%, fifth day of losses

• Stocks Tumble Amid Wild Swings While Bonds Rally

• Moscow, Kyiv Trade Barbs as Europe Boosts Aid: Ukraine Update

• FCRA registration: SC to hear plea against govt decision Tuesday: PTI

• Axis Bank (AXSB): 3Q net income 36.1b rupees vs. 11.2b y/y, beats est. 32.2b, provisions -24% q/q to 13.3b; Gross NPA 3.17% vs. 3.53% q/q

• Bharti Airtel (BHARTI): To consider share issue in Jan. 28 meeting

• Burger King India (BURGERKI): 3Q net loss narrows to 151.6m rupees from 290.3m year ago; revenue +72% y/y to Revenue 2.8b

• Dredging Corporation (DRGC): Says sings MoU with National Marine Dredging Co. to expand in the Sub-continent, GCC, Africa & beyond

• Deepak Nitrite (DN): 3Q net income +12% y/y to 2.42b rupees, misses est. 2.7b; revenue +39% y/y to 17.22b

• Future Retail (FRETAIL): Misses bond interest payment due Jan. 24

• HDFC AMC (HDFCAMC): 3Q net income -2.4% y/y to 3.6 b rupees, beats est. 3.5b; revenue +14% y/y to 5.5b

• Indian Energy Exchange (IEX): 3Q net income +33% y/y to 799.1m rupees, misses est. 814.8m; revenue +34% y/y to 1.14b

• IndiaMart (INMART): 3Q net income -12% y/y to 702m rupees, misses est. 908.7m; revenue +8% y/y to 1.88b

• Ramco Cements (TRCL): 3Q net income -59% y/y to 825.7m rupees, mises est. 1.76b; revenue +17% y/y to 15.4b

• SBI Cards (SBICARD): 3Q net income +84% y/y to 3.86b rupees, est. 4.41b; revenue +20% y/y to 28.9b

• Shriram Transport (SHTF): 3Q net income -6.5% y/y to 6.81b rupees, mises est. 8b

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