portal www.bankse.in – positive ·         V-Guard Industries f | SKM INVESTMENT

portal www.bankse.in – positive
·         V-Guard Industries further invests Rs15.17 crore in subsidiary, V-Guard Consumer Products – Positive
·         Hindalco Industries and Jindal Steel were among the companies to win mines during the 2nd and 3rd day of the commercial Commercial Coal Mine Auction - third tranche – Positive for Hindalco and Jindal Steel
·         Pennar Industries wins orders worth Rs647cr - positive
·         BHEL has bagged an order from HAL to supply compact heat exchanger sets for Tejas aircraft. BHEL has received a prestigious order for the supply of compact heat exchanger sets for 83 LCA Tejas MK1A aircrafts, from Hindustan Aeronautics Limited (HAL) – Positive
·         Reliance Jio has now forayed into the satellite broadband market, the company announced today (Feb. 14).  “The joint venture will be the vehicle for providing SES’s satellite data and connectivity services in India, except for certain international aeronautical and maritime customers who may be served by SES,” Jio said  - positive.
·         Dr. Lal Path is scouting for domestic targets to expand its chain of clinical laboratories as ebbing Covid-19 cases boost its diagnostic revenue from other ailments. “We are definitely looking at acquisitions in south India,” Group Chief Financial Officer Ved Prakash Goel told Bloomberg TV - positive
·         SBI expects to recover around Rs8,000 crore from written-off accounts, including from NCLT resolved cases, in the current fiscal ending 31 March. During the December quarter, SBI recovered Rs1,500 crore from written-off accounts and for the nine months during April-December FY22, the recovery amount stood at Rs5,600 crore. - positive
·         Reliance Industries - Glance, a leading AI-driven lock-screen platform, has agreed to raise $200 million from RIL subsidiary Jio Platforms in its Series D round of funding.- positive
·         Godrej Properties: The company plans to invest around Rs7,500 crore over the next 12-18 months on acquisition and development of new real estate projects, given that it is sitting on a huge cash pile.- positive
·         Wholesale Price Index (WPI) for the month of January at  12.96% vs 13.56% previous month - Bloomberg expectation 12.70% - inline with expectation
·         Positive for Godrej Agrovet, Adani Welmer - Government has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notice, as the world’s biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers .
·         Axis Bank  is nearing a deal to buy Citigroup Inc.’s India retail banking business in a transaction that could be valued at about $2.5 billion. An agreement for the consumer unit may be announced as soon as the next few weeks and is contingent on approval from the Reserve Bank of India.  The deal would include a cash component of less than $2 billion - positive
·         SJVN lays out plan for 10 GW of fresh solar in Rajasthan - Power generator SJVN Ltd last week unveiled plans to deploy 10 GW of solar photovoltaic (PV) capacity at home in the next five years.- positive
·         Beauty and fashion e-tailer Nykaa E-Retail has taken up 27,128 sq ft of office space in south Mumbai's Prabhadevi, as the company looks to ramp up both online and offline presence after its public listing last year. The transaction entails a rental payout of about Rs41.92 crore for a five-year lease tenure - positive
·         CPI 6-Month High - CPI for the month of Januray at 6.01% vs 5.59% previous month – Bloomberg expectation 6.00% - inline 
·         Glenmark in pact with Astrazenaca to commercialize Pulmicort - positive
·         Cineline India names Ashish Kanakia as CEO - Positive
·         Poonawalla Fincorp at its meeting held on Feb 11, 2022 reinstated Mr. Abhay Bhutada as its Managing Director with effect from 12 February 2022. - positive