Daily Stock Market News Snippets- 1 October 2022
1 min readGlobal 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