#InvestmentIdeas #MacroEconomy
*Good Morning*
• India GST Panel to Discuss Compensation to States on Wednesday
o FM Sitharaman brief reporters about outcomes
• India Gets Qualifying Bids for 15 Coal Mines in Latest Auction
• Boeing’s Top India Buyer to Take Jets Amid Soured Relations (1)
o SpiceJet said to plan to take seven Max jets through Dec.
• G-7 Launches Climate Club in Attempt to Avoid Green Trade Wars
• SEBI Revised Dividend 2% of market value for Adjt in Derv Contract
• Ambani’s Son to Lead Reliance Telecom Unit in Succession Signal
o Akash Ambani to replace Mukesh as chairman, Reliance Jio
• Walgreens Abandons Boots Sale as Debt-Market Chaos Spooks Buyers
• India Cumulative Monsoon Rainfall 10% Below Normal as of June 28
• India’s Iron Ore Pellet Output Seen 10% Lower in 2022-23: ICRA
• Global Funds Sell Net INR12.4b of India Stocks on Tuesday: NSE
o Domestic funds buy net 12.1b rupees of stocks
• Foreign Investors Sell Net INR10.9B of Indian Equities on Monday
• Foreigners Buy Net INR26.3b of Indian Equity Derivatives Tuesday
• PM Modi meets UAE President Sheikh Mohamed in Abu Dhabi: PTI
• GST council clears proposal to remove tax exemptions on some items: PTI
• 4pm: Finance Minister Nirmala Sitharaman will brief media about outcomes of 47 th GST council meeting being held in Chandigarh
• Glenmark Pharmaceuticals (GNP): Acquires 4 OTC ANDAs from Wockhardt (WPL)
• HDFC Bank (HDFCB): To buy 9.54% stake in Perfio for INR40.3m
• ICICI Bank (ICICIBC): To buy 9.54% stake in Perfios Account Aggregation Services for INR40.3m
• J&K Bank (JKBK): Approves INR20b FY23 Capital Raising Plan
• Oil & Natural Gas Corp. (ONGC): Says Four Die, Five Rescued in Helicopter Accident
• Reliance Industries (RIL): Reliance Jio Names Mukesh Ambani’s Son Akash as Chairman
• Route Mobile (ROUTE): Approves Buy Back of Up To INR1.2b at Up To INR1,700/shr
• State Bank of India (SBIN): In pact in relation to an investment in Perfios Account Aggregation Services