Daily Stock Market News Snippets- 1 October 2022

1 min read

Global Economy:

  • Core US inflation rises to a 40-year high in September to 8.2%, securing a big Fed hike
  • France starts exporting gas to Germany amid energy crisis
  • Growth in India, China, andIndonesia will be less affected: S&P Global Ratings

Indian Economy:

  • India’s economy faces significant external headwinds, says IMF
  • India’s toy market has the potential to grow to $2-3 billion by 2024 from $1.7 billion in 2017.
  • RBI asks banks to stop building positions in the offshore market
  • India bright light economy, but reforms needed for $10 trillion GDP: IMF

Stock Specific News:

  • Infosys Q2 net profit rises 11%, announces Rs 9,300-cr share buyback
  • Mindtree Q2 net profit rises 27%, beats estimates on strong order wins
  • Reliance sole bidder for Metro’s India business, says report
  • Singapore Airlines pursues Air India stake to expand market presence
  • Coal India to set up 1,190 MW solar power plant in Rajasthan, signs MoU
  • Kotak Mahindra Life is on course to grow above industry consistently; registers 27% growth in the first 6 months of FY23
  • Adani Group company likely to be rated higher than sovereign: Report
  • S&P Global withdraws the rating of Adani Transmission at the firm’s request
  • Tata Group has no plans to enter the 5G consumer space, says N Chandrasekaran

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