INDIA NEWS - LATEST & LIVE BUSINESS, MARKET, POLITICALMARKETSBUSINESSBQ BLUE EXCLUSIVEVIDEOSRESEARCH REPORTSCORONAVIRUS PANDEMIC Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated

audiences.

CRYPTO IS ‘WILD WEST’ NEEDING CONSUMER PROTECTIONS, WARREN Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated

audiences.

NEW UNLOCK GUIDELINES: WHAT WILL REMAIN OPEN, CLOSED IN MUMBAI Public places like open grounds for walking or cycling will remain open between 5 a.m. and 9 a.m. everyday. All private offices can remain open on working days till 4 p.m., except exempted category. Office attendance for government and private offices (if allowed) is 50%. Outdoor sports allowed from 5 a.m. to 9 a.m. INDIA’S COVID VACCINATIONS DROPPED OFF IN MAY DESPITE India's Covid-19 inoculation drive sputtered and slowed in May even as the country opened up vaccinations for all its adult population.The country administered a total of 5.53 crore vaccine shots in May, compared to 7.75 crore doses in April—a drop of 28.7% from the previous month, according to data compiled from the government's CoWin

dashboard.

AIRBUS BACKS LIGHTWEIGHT WING TO PRESERVE LEAD OVER BOEING A good decade ago, Airbus SE added more fuel-efficient engines to its A320 aircraft family, giving its already bestselling model a dramatic demand boost. Now the European company is seeking to repeat that success, this time with a new set of wings. INDIA’S COVID VACCINE POLICY: ALL YOU NEED TO KNOW This explainer seeks to clarify key aspects of India’s vaccination policy. Namely, who is eligible for a vaccine, what will it cost, who will provide it and by when. All the information is from official government statements as on May 4, 2021. SEXY TEA, THE LION KING AND TAIWAN'S LOST INNOCENCE From there, growth escalated — 180 the next day, 206 on Sunday, 333 on Monday. Over those three days, the female patient count was much higher than men, in a 60-40 split. One case, which tracing data show as two degrees of separation from the Lion King, took a 200-mile train ride to the southern city of Kaohsiung, where she visited the local CARS ARE ABOUT TO GET A LOT MORE EXPENSIVE (Bloomberg Opinion) --Cars are about to get a lot more expensive. Manufacturers and drivers should brace themselves. The price of everything that goes into a vehicle is going up. Raw materials — from the steel used for bodies, gear parts and frames to AS INDIANS SAY #RESIGNMODI, A PETITION RACES AHEAD As Indians Say #ResignModi, A Petition Races Ahead. One of the most powerful viral videos to come out of India’s Covid-19 emergency is that of a young woman, grief-stricken, breathless, dishevelled from hours of caregiver duty – and very, very angry. “I’ve deposited Rs 4.70 lakh and they don’t even know which test my dad has done and HEINEKEN CONSIDERS TAKEOVER OF SOUTH AFRICAN BREWER DISTELL Heineken NV, the world’s second-largest brewer, is in talks about a takeover of South African wine and spirits maker Distell Group Holdings Ltd. Heineken approached Distell about a possible acquisition of most of its business, the South African company said Tuesday, confirming an earlier Bloomberg News report. INDIA NEWS - LATEST & LIVE BUSINESS, MARKET, POLITICALMARKETSBUSINESSBQ BLUE EXCLUSIVEVIDEOSRESEARCH REPORTSCORONAVIRUS PANDEMIC Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated

audiences.

TPG-BACKED LIFESTANCE HEALTH’S IPO RAISES $720 MILLION 2 hours ago · (Bloomberg) --LifeStance Health Group Inc., a mental health care provider with more than 370 locations in the U.S., priced an initial public offering above a marketed range to raise $720 million. The Scottsdale, Arizona-based company and its investors sold 40 million shares for $18 each Wednesday TRADE SETUP: 10 JUNE 2021 Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated

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EL SALVADOR’S BITCOIN BOMBSHELL Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated

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MYANMAR JUNTA FORMALLY CHARGES AUNG SAN SUU KYI WITH (Bloomberg) --Myanmar’s military junta formally charged detained civilian leader Aung San Suu Kyi and other officials with corruption on Thursday, according to the country’s ministry of information. “The Anti-Corruption Commission has inspected corruption cases against ex-state counsellor Daw CHINA TOP REGULATOR WARNS AGAINST RISKS IN FINANCIAL (Bloomberg) --China’s top banking regulator warned retail investors to avoid financial derivatives, stepping up a bid to curb risks amid rising volatility in global commodities. Investors that speculate in currency, gold or other commodity futures are set to pay the same heavy price as those CRYPTO IS ‘WILD WEST’ NEEDING CONSUMER PROTECTIONS, WARREN Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated

audiences.

NEW UNLOCK GUIDELINES: WHAT WILL REMAIN OPEN, CLOSED IN MUMBAI Public places like open grounds for walking or cycling will remain open between 5 a.m. and 9 a.m. everyday. All private offices can remain open on working days till 4 p.m., except exempted category. Office attendance for government and private offices (if allowed) is 50%. Outdoor sports allowed from 5 a.m. to 9 a.m. RBI REOPENS COVID-19 RESTRUCTURING SCHEME FOR RETAIL The Reserve Bank of India reopened a one-time debt restructuring scheme as the economy braces for the impact of a renewed surge in Covid-19 cases. Retail borrowers and small businesses will be permitted to recast their loans, without being downgraded to non performing category, under the scheme.The one-time restructuring

scheme will be

THE PERSISTENT POLITICS OF THE TULSA RACE MASSACRE The Persistent Politics of the Tulsa Race Massacre. (Bloomberg Opinion) -- As the nation reflects on the 100th anniversary of the Tulsa Massacre, in which a White mob razed a prosperous Black community and killed many of its inhabitants, conversations have focused on the economic costs of INDIA OIL REFINERS SHUT FOR WORK BEFORE LIKELY DEMAND PICKUP 22 hours ago · (Bloomberg) -- Indian oil refiners are taking advantage of weak demand due to the virus resurgence to carry out maintenance in anticipation of a revival in fuel consumption in the coming months. Bharat Petroleum Corp. has lined up work at its FEEL LIKE A KID AGAIN WITH THESE SIX TOTALLY GROWN-UP LAWN Today, with the frolicsome post-lockdown vibe, lawn games such as croquet, bocce, and ladder toss are resurgent. “In the days since we opened for the 2021 season on May 15, we’ve noticed almost every single one of our guests partake in at least one of these activities with their families and friends,” says Caitlyn Pyzdrowski, sales and catering manager at Maine’s Chebeague Island Inn. AS INDIANS SAY #RESIGNMODI, A PETITION RACES AHEAD As Indians Say #ResignModi, A Petition Races Ahead. One of the most powerful viral videos to come out of India’s Covid-19 emergency is that of a young woman, grief-stricken, breathless, dishevelled from hours of caregiver duty – and very, very angry. “I’ve deposited Rs 4.70 lakh and they don’t even know which test my dad has done and MUSK SAYS HE STILL PAYS CALIFORNIA INCOME TAXES DESPITE 9 hours ago · (Bloomberg) --Tesla Chief Elon Musk said he will still pay California income taxes proportionate to the “significant” time he spends in the state despite moving to Texas last year.In a Twitter thread discussing his wealth and taxes, Musk also revealed he has sold all of his houses in California except for one that is rent

out for events.

CRYPTO IS ‘WILD WEST’ NEEDING CONSUMER PROTECTIONS, WARREN Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated

audiences.

U.S. NAVY’S $166 BILLION ATTACK-SUB PROGRAM SEES GROWING (Bloomberg) -- The U.S. Navy’s $166 billion Virginia-class submarine program continues to experience cost increases and “persistent problems” that are likely to force delays in delivery, according to a congressional watchdog’s assessment of the Pentagon’s $1.8 trillion weapons portfolio. WHY INDIA SHOULD BUY CHINESE VACCINES Why India Should Buy Chinese Vaccines. (Bloomberg Opinion) -- India’s vaccine strategy has flopped. A dismissive attitude toward the second Covid-19 outbreak that has raged uncontrolled, and a mistaken belief that indigenously made shots would be equal to the task of inoculating a billion adults, have left the nation scrambling. GREECE TO GET TWICE AS MUCH AS EXPECTED IN 2021 RECOVERY FUNDS Greece will get nearly twice as much funding than originally expected this year from the European Union’s Recovery and Resilience Facility, one of the country’s top economic advisers said on Tuesday. The country will receive some 7.5 billion euros ($9.1 billion) in 2021 from the fund, set up to A BOOMBOX DISGUISED AS AN ICE CHEST IS SUMMER’S ‘FLEX AND The Shivr-55 showcases a modified version of Wet Sounds’ Stealth-6 Ultra HD soundbar, which was designed to be used on boats and ATVs. With four full-range, 3-inch drivers and a pair of 1-inch titanium tweeters on the front, this boombox disguised as an ice chest produces a sound meant to carry clearly outdoors. BHARAT FORGE SEES INDIA TRUCK DEMAND RECOVERING AFTER AUGUST Bharat Forge Ltd. expects export demand to continue driving growth even as it is optimistic about a domestic rebound in the ongoing fiscal. Exports, along with lower other expenses, helped the company beat operating income estimates in the quarter ended March, according to Amit Kalyani, deputy managing director. INDIA NEWS - LATEST & LIVE BUSINESS, MARKET, POLITICALMARKETSBUSINESSBQ BLUE EXCLUSIVEVIDEOSRESEARCH REPORTSCORONAVIRUS PANDEMIC Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated

audiences.

STOCK MARKETS LIVE: INDIAN SHARE/STOCK MARKET NEWS, DATAINDIA NEWSVIEW ALL STOCK STATSSTOCKS IN INDICES Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated

audiences.

PHILIPPINES APPROVES SINOPHARM VACCINE AS IT RAMPS UP (Bloomberg) --The Philippines has cleared Sinopharm Group Co. Ltd.’s coronavirus vaccine, adding to the more than 15 million doses expected to arrive in the coming weeks as the nation aims to accelerate inoculation and revive the economy. Sinopharm was

GLOBAL ECONOMY NEWS

Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated

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POLICE INFILTRATION OF ENCRYPTED APP BUSTS GLOBAL CRIME RING Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated

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SEBI BARS FRANKLIN INDIA FROM OFFERING DEBT FUNDS FOR TWO (Bloomberg) --India’s market regulator barred Franklin Templeton from offering new debt funds for two years, following a probe into the asset management company’s shutting of six funds last year. Franklin would also have to refund management and INDIA’S COVID VACCINATIONS DROPPED OFF IN MAY DESPITE India's Covid-19 inoculation drive sputtered and slowed in May even as the country opened up vaccinations for all its adult population. The country administered a total of 5.53 crore vaccine shots in May, compared to 7.75 crore doses in April—a drop of 28.7% from the previous month, according to THE PERSISTENT POLITICS OF THE TULSA RACE MASSACRE Racial violence has been a feature of American political economy for at least 150 years. Decades before the devastation in Tulsa and the Red Summer of 1919, White supremacists had been seeking to limit Black people’s access to wealth and prosperity, most prominently by bringing Reconstruction to a violent end. The movement back to antebellum norms that we now call “Jim Crow” ITC Q4 RESULTS: REVENUES JUMP ON BACK OF CIGARETTE SALES ITC Ltd.’s quarterly profit rose, in line with estimates, led by cigarette sales. Net profit of the consumer goods company—also India’s largest cigarette maker—rose 6.5% over the preceding quarter to Rs 3,755.47 crore in the three months ended March, according to its exchange filing. That compares with the Rs 3,777.9-crore consensus estimate of analysts tracked by Bloomberg. SEBI FINDS INSIDER TRADING IN INFOSYS’ SHARES The market regulator has found two employees of Infosys Ltd. guilty of violating its insider trading regulations. It has passed interim directions against Venkata Subramaniam, senior principal, corporate accounting group; and Pranshu Bhutra, senior corporate counsel at the

company.

INDIA NEWS - LATEST & LIVE BUSINESS, MARKET, POLITICALMARKETSBUSINESSBQ BLUE EXCLUSIVEVIDEOSRESEARCH REPORTSCORONAVIRUS PANDEMIC Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated

audiences.

STOCK MARKETS LIVE: INDIAN SHARE/STOCK MARKET NEWS, DATAINDIA NEWSVIEW ALL STOCK STATSSTOCKS IN INDICES Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated

audiences.

EUROPEAN COMPANIES PLAN TO INVEST MORE IN CHINA AFTER PANDEMIC 3 hours ago · (Bloomberg) --European businesses are increasing investment in China and moving supply chains onshore after the quick recovery from the pandemic last year made China an even more important source of growth and profits. Nearly 60% of European companies plan to PHILIPPINES APPROVES SINOPHARM VACCINE AS IT RAMPS UP (Bloomberg) --The Philippines has cleared Sinopharm Group Co. Ltd.’s coronavirus vaccine, adding to the more than 15 million doses expected to arrive in the coming weeks as the nation aims to accelerate inoculation and revive the economy. Sinopharm was

GLOBAL ECONOMY NEWS

Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated

audiences.

SEBI BARS FRANKLIN INDIA FROM OFFERING DEBT FUNDS FOR TWO (Bloomberg) --India’s market regulator barred Franklin Templeton from offering new debt funds for two years, following a probe into the asset management company’s shutting of six funds last year. Franklin would also have to refund management and INDIA’S COVID VACCINATIONS DROPPED OFF IN MAY DESPITE India's Covid-19 inoculation drive sputtered and slowed in May even as the country opened up vaccinations for all its adult population. The country administered a total of 5.53 crore vaccine shots in May, compared to 7.75 crore doses in April—a drop of 28.7% from the previous month, according to THE PERSISTENT POLITICS OF THE TULSA RACE MASSACRE Racial violence has been a feature of American political economy for at least 150 years. Decades before the devastation in Tulsa and the Red Summer of 1919, White supremacists had been seeking to limit Black people’s access to wealth and prosperity, most prominently by bringing Reconstruction to a violent end. The movement back to antebellum norms that we now call “Jim Crow” ITC Q4 RESULTS: REVENUES JUMP ON BACK OF CIGARETTE SALES ITC Ltd.’s quarterly profit rose, in line with estimates, led by cigarette sales. Net profit of the consumer goods company—also India’s largest cigarette maker—rose 6.5% over the preceding quarter to Rs 3,755.47 crore in the three months ended March, according to its exchange filing. That compares with the Rs 3,777.9-crore consensus estimate of analysts tracked by Bloomberg. SEBI FINDS INSIDER TRADING IN INFOSYS’ SHARES The market regulator has found two employees of Infosys Ltd. guilty of violating its insider trading regulations. It has passed interim directions against Venkata Subramaniam, senior principal, corporate accounting group; and Pranshu Bhutra, senior corporate counsel at the

company.

BUSINESS NEWS INDIA

Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated

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EUROPEAN COMPANIES PLAN TO INVEST MORE IN CHINA AFTER PANDEMIC 3 hours ago · (Bloomberg) --European businesses are increasing investment in China and moving supply chains onshore after the quick recovery from the pandemic last year made China an even more important source of growth and profits. Nearly 60% of European companies plan to ECONOMIST WHO SAID INFLATION WAS DEAD NOW THINKS IT’S ALIVE 1 day ago · A quarter of a century after declaring the death of inflation, Roger Bootle is seeing signs of its rebirth. Pockets of price growth are emerging from the cost of used cars to lumber as the world starts to recover from the coronavirus pandemic. That’s pushed borrowing costs in financial markets to PHILIPPINES APPROVES SINOPHARM VACCINE AS IT RAMPS UP (Bloomberg) --The Philippines has cleared Sinopharm Group Co. Ltd.’s coronavirus vaccine, adding to the more than 15 million doses expected to arrive in the coming weeks as the nation aims to accelerate inoculation and revive the economy. Sinopharm was HONG KONG’S POOR FAMILIES DOUBLED AMID PANDEMIC, PROTESTS (Bloomberg) --The number of low-income households in Hong Kong has almost doubled over the past two years, underscoring the damage wrought by a historic recession amid protests and the pandemic.At the end of March 2021, there were almost 302,000 people living in “low-income households,” which means they had a monthly income of less than HK$9,100 ($1,173) according to a Hong Kong NIFTY OPTION CHAIN: LIVE NSE/NIFTY OPTION CHAIN PRICE Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated

audiences.

AS INDIANS SAY #RESIGNMODI, A PETITION RACES AHEAD As Indians Say #ResignModi, A Petition Races Ahead. One of the most powerful viral videos to come out of India’s Covid-19 emergency is that of a young woman, grief-stricken, breathless, dishevelled from hours of caregiver duty – and very, very angry. “I’ve deposited Rs 4.70 lakh and they don’t even know which test my dad has done and JAPAN RESISTANCE TO OLYMPICS SEEING SIGNS OF EASING, POLLS 1 day ago · (Bloomberg) --The Japanese public’s opposition to holding the Tokyo Olympics may be weakening, according to two new polls, as athletes begin to arrive in the country and the pace of vaccinations starts to pick up. A poll by the conservative Yomiuri GEORGE FLOYD'S DEATH LEFT SCARS IN FRANCE, TOO (Bloomberg Opinion) --One year on from the protests against racism and police violence that swept European cities such as Paris and London after George Floyd’s death, it’s fair to say the initial impact was short-lived.Protesters confronted politicians, toppled statues and sparked changes — including a pledge to stop police using choke holds in France, where lethal force is otherwise THINKPAD: SUNSHINE AND RAIN The equity markets are back to their sunny ways—the Sensex and the Nifty both hit record highs during the course of this week—and the primary markets are starting to feel the sun on their face, too. In a recent note, Jefferies said they expect $30-40 billion or Rs 2-3 lakh crore in equity supply Subscribe to daily business and markets news & updates Notifications can be turned off anytime from browser settings.

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ALL YOU NEED TO KNOW GOING INTO TRADE ON FEB. 14 * BQ Research @bloombergquint

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Feb 14 2020, 7:10 AMFeb 14 2020, 7:10 AMFebruary 14 2020, 7:10 AMFebruary 14 2020, 7:10 AM

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U.S. equity futures slipped along with stocks in Tokyo and Seoul, though moves were modest after the Chinese province at the centre of the coronavirus outbreak reported more deaths. On just the second day since the Hubei region changed its methods for counting infections, investors are mulling the spread of the virus in addition to the news that the Federal Reserve will dial back its liquidity injections. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, traded little changed at 12,156 as of 6:58 a.m. _SHORT ON TIME? WELL, THEN __LISTEN TO THIS PODCAST_

_ FOR A QUICK

SUMMARY OF ALL YOU NEED TO KNOW BEFORE THE OPENING BELL._ HERE’S A QUICK LOOK AT ALL THAT COULD INFLUENCE EQUITIES TODAY

* U.S. equities

had a turbulent Thursday, fluctuating between gains and losses on mixed news about the coronavirus outbreak, only to fade after the Federal Reserve Bank of New York said it will further shrink repurchase agreement operations.

* Oil rose

for a third session, the longest winning streak since early January, after the World Heath Organization rekindled optimism that the coronavirus outbreak could be abating. _GET YOUR DAILY FIX OF GLOBAL MARKETS __HERE_

_._

EARNINGS REACTION TO WATCH

BPCL (Q3, QOQ)

* Revenue rose 16.2 percent to Rs 74,732.8 crore * Net profit fell 26.2 percent to Rs 1,260.6 crore * Ebitda rose 13.8 percent to Rs 2,703.4 crore * Margin stood at 3.6 percent versus 3.7 percent ALSO READ: BPCL Q3 RESULTS: PROFIT FALLS ON LOWER REFINING MARGIN VODAFONE IDEA (Q3, QOQ) * Revenue rose 2.3 percent to Rs 11,089.4 crore * Net loss at Rs 6,438.8 crore versus loss of Rs 50,922 crore * Ebitda rose 0.7 percent to Rs 3420.5 crore * Margins stood at 30.8 percent versus 31.3 percent * ARPU rose 2 percent to Rs 109 versus Rs 107 ALSO READ: VODAFONE IDEA Q3 RESULTS: GREATER-THAN-EXPECTED LOSS,

MARGIN CONTRACTS

NESTLE (Q4, YOY)

* Revenue rose 8.7 percent to Rs 3,149 crore * Net profit rose 38.4 percent to Rs 473 crore * Ebitda rose 23.1 percent to Rs 678 crore * Margins stood at 21.5 percent versus 19 percent * Domestic sales rose 10 percent to Rs 2,961 crore * Exports fell 9.5 percent to Rs 170 crore * Key brands Maggi, Kitkto and Ceregrow lead growth * Raw Material costs rose 22 percent to Rs 1,469 crore ALSO READ: NESTLE INDIA Q4 RESULTS: PROFIT RISES AT FASTEST PACE IN

SIX QUARTERS

APOLLO HOSPITAL ENTERPRISES (Q3, YOY) * Revenue rose 17 percent to Rs 2,911 crore * Net profit rose 83 percent to Rs 90 crore * Ebitda rose 53 percent to Rs 428 crore * Margin stood at 14.7 percent versus 11.2 percent * Healthcare services segment revenue rose 12 percent to Rs 1,497.9

crore

* Pharmacy segment revenue rose 22 percent to Rs 1,232.6 crore * Clinics segment revenue rose 22 percent * Board approved amalgamation of its arm Apollo Home Healthcare and Western Hospitals into the company PAGE INDUSTRIES (Q3, YOY) * Revenue rose 7.5 percent to Rs 793.8 crore * Net profit fell 14.6 percent to Rs 87 crore * Ebitda fell 16 percent to Rs 138.8 crore * Margin stood at 17.5 percent versus 22.4 percent LEMON TREE HOTELS (Q3, YOY) * Revenue rose 39.2 percent to Rs 199.6 crore * Net profit fell 2.4 percent to Rs 12.2 crore * Ebitda rose 65.4 percent to Rs 81.2 crore * Margins stood at 40.7 percent versus 34.2 percent ALL CARGO LOGISTICS (Q3, YOY) * Revenue fell 1 percent to Rs 1,786.8 crore * Net profit fell 8 percent to Rs 43.9 crore * Ebitda rose 12 percent to Rs 126.4 crore * Margin stood at 7.1 percent versus 6.3 percent * Deferred Tax Reversal of Rs 41.3crore NIFTY EARNINGS TO WATCH

* ONGC

OTHER EARNINGS TO WATCH

* SpiceJet

* Sun TV Network

* Pfizer

* Muthoot Finance

* Embassy Office Parks REIT * Lakshmi Vilas Bank * Glenmark Pharmaceuticals * Steel Authority of India

* Graphite India

* Eveready Industries India

* Finolex Cables

* Edelweiss Financial Services * Ahluwalia Contracts (India)

* Amtek Auto

* Mahanagar Telephone Nigam * Man Infraconstruction * Sadbhav Engineering

* Shakti Pumps

* Shree Cement

* Sical Logistics

* Simplex Infrastructures

* Mangalam Cement

* MEP Infrastructure Developers * Mcnally Bharat Engineering

* IRB Infra

* National Peroxide

* PG Electroplast

* Puravankara

* Reliance Capital

* Reliance Home Finance * Reliance Infrastructure

* Reliance Power

* Responsive Industries * Ruchi Soya Industries * Orient Refractories

* Panacea Biotec

* MMTC

* Mishtann Foods

* Mukand

* Gujarat Apollo Industries * Gujarat Fluorochemicals * GVK Power & Infrastructure

* Automotive Axles

* Balkrishna Industries

* BF Utilities

* Bharat Rasayan

* Bombay Rayon Fashions

* Filatex India

* Forbes & Company

* Gabriel India

* Gayatri Highways

* Gayatri Projects

* GFL

* HPL Electric & Power * Industrial Investment Trust * Intellect Design Arena

* Jindal Cotex

* Jindal Stainless (Hisar)

* Jtekt India

* Karda Constructions

* KDDL

* Kirloskar Electric Company

* Kridhan Infra

* La Opala RG

* Texmo Pipes and Products * The Orissa Minerals Development Company * Tide Water Oil Company, (India)

* UFO Moviez India

* Ujaas Energy

* Vipul

* Zeal Aqua

* Zuari Global

INDIAN ADRS

STOCKS TO WATCH

* AVENUE SUPERMARTS’ promoters plan to sell 2.28 percent stake via offer for sale of shares. Promoters to sell up to 1.48 crore shares at a floor price of Rs 2,049 per share for Rs 3,032.52 crore. * AMTEK AUTO: Financial creditors to the company have approved a resolution plan submitted by Deccan Value Investors. The resolution applicant, according to a person in the know, has offered Rs 2,700 crore to the financial creditors as part of the plan. Of this, Rs 500 crore would be offered upfront while Rs 1,800 crore will be repaid through future receivables over time. Deccan Value will also offer Rs 300 crore through convertible debentures over seven years, the person said. The person spoke on the condition of anonymity as the discussions are confidential. * BPCL: Board approved to initiate the process of divestment of the company’s shareholding of 61.65 percent stake in Numaligarh Refinery as per the decision of Cabinet Committee on Economic Affairs. This divestment would be undertaken subject to the completion of all requisite formalities including inter-alia shareholders' approval. * HDFC updated its existing medium-term note program for an amount of up to $2.8 billion to issue rupee/foreign currency-denominated bonds in international capital markets. * MAHINDRA & MAHINDRA clarified that the Board of SsangYong Motor has approved a 3 years business plan which will lead to the profitability of the company in the year 2022. This plan requires outside funding of $380 – 425 million over a period of three years. About half of this amount is to repay the existing loan and the remaining is to augment the capex required for new product development. * TCS: Board extended the term of V. Ramakrishnan as Chief Financial Officer till April 2021. * ADANI GREEN ENERGY has entered into a binding agreement with Total, who will invest $510 million for the acquisition of a 50 percent stake in a JV company which will house 2,148 MWAC operating solar projects presently which are 100% owned by Adani Green Energy. * JAIN IRRIGATION clarified on the news of forex scam where the tainted company has dealt with Jain Energy. The company said it is not part of the Jain Irrigation Group. * JINDAL POLYFILMS: Board approved expansion plans for the company’s India operation by an investment of Rs 700 crore in Polyester Film Line and BOPP Film Line. * YES BANK sold 9.47 percent stake in Eveready Industries in various

tranches.

* GODREJ INDUSTRIES: Nadir B. Godrej re-appointed as managing director till March 2023. * TELECOM STOCKS: Supreme Court to hear telecom dues case on Feb. 14. * FUTURE RETAIL: Current Chief Executive Officer and Managing Director Kishore Biyani to become executive chairman with effect from March 2020. Rakesh Biyani to become Managing Director of the company till May 2022. Sanjay Jain to become the new CEO from March. * NACL INDUSTRIES: Board approved the formation of the new arm to take up a Greenfield project for manufacturing various chemicals including agrochemicals in the State of Gujarat, with an initial capital outlay of about Rs.150 crore. The board also of another arm to take up Company’s proposed Greenfield project at Andhra Pradesh. * JAI CORP: Board approved the discontinuation of Masterbatch and Dyeing Unit, disposal of land and building in Daman and approved deleveraging the Balance Sheet by divesting certain non-core assets.

BULK DEALS

* EVEREADY INDUSTRIES: Yes Bank sold 64.55 lakh shares (8.88 percent)

at Rs 60 each

BROKERAGE RADAR

EMKAY ON NESTLE

* Downgraded to ‘Hold’ from ‘Buy’; raised price target to Rs 16,000 from Rs 15,900. * Q4 sales in line, domestic sales growth of 10% significantly ahead

of the peers.

* High input inflation limits scope for margin expansion and earnings

upsides.

* Current performance and strong growth visibility appear to be

priced in.

CLSA ON LEMON TREE

* Retained ‘Buy’ with a price target at Rs 80 per share. * Average daily rate on an improving trend, but macros weak. * Company's ADR growth should outperform the industry given changing product mix towards retail customers. * The key acquisition has been funded through Fleur subsidiary.

ON VODAFONE

GOLDMAN SACHS

* Maintained ‘Neutral’; cut price target to Rs 7 from Rs 7.2. * In line quarter but cash flow profile weak. * Ebitda significantly below its capex and interest payment

obligation.

* FY21 Ebitda to be more then 2x it's 2019-20 number. * Investor focus to remain on leverage position and AGR issue.

BOFA SECURITIES

* Maintained ‘Underperform’ with a price target at Rs 4.8. * Market share loss continues * Implied ARPU up 5 percent, good 4G net adds at 6.2 million * Overhang from AGR remains.

ON PAGE INDUSTRIES

CREDIT CUISSE

* Maintained ‘Underperform with a price target Rs 19,500. * A large slump in growth and margins, PBT falls 28 percent. * Results significantly below estimates, cut FY20-22 earnings estimates by 10 percent. * Weak trends on volume growth continue to play out, driven by end

consumer offtakes.

* Realisation growth was driven by pricing and mix, but may not

continue.

* Sharp drop in Ebitda margins was due to the result of heightened

competition.

DOLAT CAPITAL

* Downgraded to ‘Accumulate’ from ‘Buy’; maintained price target at Rs 25,052. * Volumes decline, significant margin erosion. * Overall industry has witnessed a slowdown during the quarter due to

delayed winter.

* Volume growth expected to improve from here on.

TRADING TWEAKS

* Fermenta Biotech record date for bonus issue at 2:1 * Rajnish Wellness, Tasty Bite Eatables, Nandan Denim, Shemaroo Entertainment, Aanchal Ispat price band revised to 10 percent * Mangalam Organics, Toyam Industries, Hind Rectifiers, Nandan Denim, Neogen Chemicals, Tasty Bite Eatables to move into short term ASM

Framework

* Sadhana Nitro Chem to move out of short term ASM Framework WHO’S MEETING WHOM * Container Corporation of India to meet IIFL Securities, Edelweiss Securities and other investors from Feb. 18-20.

INSIDER TRADING

* V2 Retail promoter V2 Conglomerate acquired 1lk shares on Feb. 11 * Alkem Lab promoter Nawal Singh sold 1lk shares from Feb. 10-12 _(AS REPORTED ON FEB. 13)_

MONEY MARKET UPDATE

* The rupee ended stronger at Rs 71.33 against the dollar versus Rs 71.35 against the dollar On Wednesday.

F&O CUES

INDEX FUTURES

* Nifty Feb futures closed at 12,174.6 at par with spot nifty * Nifty Feb futures open interest down 1.8 percent, sheds 2.3 lakh shares in open interest * Nifty Bank February futures closed at 31,231.3, premium 1 points

versus 74 points

* Nifty Bank futures open interest up 6 percent, adds 74,000 shares

in open interest

NIFTY WEEKLY EXPIRY: FEB 20 * Max open interest on call side at 12,200 (15.3 lakh shares) * Max open interest on put side at 12,100 (10.5 lakh shares) * Open interest addition seen at 12,200C (+11.5 lakh shares), 11,500P (+6.6 lakh shares), 12,400C (+6.2 lakh shares) NIFTY MONTHLY EXPIRY: FEB 27 * Max open interest on call side at 12,500 (24.8 lakh shares) * Max open interest on put side at 12,000 (38.3 lakh shares)

STOCKS IN F&O BAN

* Yes Bank

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