Daily Stock Market News Snippets- 13 September 2022

Global Economy:

• US Inflation expectations dropped in August, says New York Fed
• Euro jumps to 3-week peak on hawkish ECB signals, weakening dollar
• UK’s GDP expands 0.2% in July 2022 after a drop in June

Indian Economy:

• Retail inflation rises to 7% in Aug on food prices, and July IIP slips to 2.4%.
• PM to launch national logistics policy on Sat for seamless flow of goods
• Government is likely to offer Rs. 20,000 Cr. Compensation to state-run fuel retailers.
• After Apple, Google plans to shift assemble from China to India

Stock Specific News:

• Vedanta picks Gujarat for $20-bn semiconductor foray with Foxconn: Report
• Aberdeen to offload 2% in HDFC Life in block trades, put 43 mn shares on block
• Tata group in talks with Bisleri to acquire a stake in the company: Report
• Domestic PV sales may touch a record level at nearly 4 mn units in 2022
• Retail MF assets top Rs 20 trillion for the first time in August