Daily Stock Market News Snippets- 13 October 2022

Global Economy:

• Dollar at the 24-year top on yen after the US yields jump; sterling choppy
• IMF cautions against moving manufacturing out of China
• IMF warns of slowing growth, rising market risks as finance officials meet.

Indian Economy:

• India’s retail inflation rises to a 5-month high of 7.41% due to higher food inflation; industrial services contracts
• IMF praises RBI for tightening the monetary policy to curb inflation
• IMF World Economic Outlook: Consumption to drive India’s growth in the near term
• India’s growth, external profile solid buffers against turbulence: S&P
• Sitharaman says India’s growth rate to be around 7% this financial year
• Rural demand in India to rebound due to multiple factors: Morgan Stanley
• India to cater to 25% of global energy demand in the next 20 yrs: Hardeep Puri
• India the bellwether for the global BPM industry, logs $44 bn revenues: Nasscom

Stock Specific News:

• Multiplex chain PVR’s shareholders approve merger with rival INOX Leisures
• HCL Tech Q2 net rises 7% to Rs 3,489 cr, firm declares Rs 10 dividend
• Wipro Q2 results: Net profit declines 9% to Rs 2,659 cr
• Attrition in IT companies likely to stay at 20% over recession fears
• India’s green energy firms join hands to develop carbon-credit market
• Zee Entertainment, Sony Pictures merger to escalate race for ads, content
• SBI home loan book crosses Rs 6 trillion mark; launches festival discounts
• NSDL acquires 5.6% stake in govt’s e-commerce project ONDC for Rs 10 crore.