*Good Morning*
Zomato’s Debut to Test Appetite for India’s New Tech Generation
India Eyeing Phased Roll Out of Central Bank Digital Currency
India Unveils INR63.2B Incentive Plan for Specialty Steel
India’s 8.6 GW Stalled Coal-Power Units Headed for Liquidation
Unilever India’s Profit Disappoints as Covid Crimps Demand
Indian Retailer Says It Has Missed Key Debt-Servicing Deadline
U.S. DFC-Backed Indian Firm to Help Users Trace Origin of Milk
India Steel Plants Bought from IBC Turning Around Faster: Crisil
Citi Names Veteran Saraf as Head of India Investment Banking
India Gets 27 Proposals for Various Space Activities
Global Funds Sell Net INR2.48B of India Stocks on Thursday: NSE
Domestic funds Buy net 9.43b rupees of stocks
Foreign Investors Sell Net INR27.8B of India Equities on July 20
Foreigners Sell Net INR14.1B Indian Equity Derivatives Thursday
Allcargo Logistics (AGLL): To consider proposal for voluntary delisting of its shares from exchanges on Aug. 6
Future Retail (FRETAIL): Misses service of payment of interest on dollar notes; proposes to make it within 30 days
HeidelbergCement India (HEIM): 1Q net income +40% y/y to 686.5m rupees, beats est. 619.4m
ICICI Lombard (ICICIGI): 1Q net income - 62% y/y to 1.52b upees Vs. 3.98b
Mahindra Lifespace (MLIFE): To consider free shares issue on July 28
Mphasis (MPHL): 1Q net income +24% y/y to 3.4b rupees, estimate 3.31b
Persistent Systems (PSYS): 1Q net income +68% y/y to 1.51b rupees, est. 1.46b
South Indian Bank (SIB): 1Q net income -87% y/y to 103.1m rupees, provisions +21% q/q to 4.98b; Gross NPA 8.02% vs. 6.97% q/q
Tanla Platforms (TANLA): Approves proposal for INR650m share buyback plan at up to INR1260 apiece
UltraTech Cement (UTCEM): Repays 50b rupees long-term loan