Daily Stock Market News Snippets- 21 September 2022

1 min read

Global Economy:

  • Treasury yields highest in over a decade before Fed meeting; dollar gains
  • German central bank sees signs of recession ‘multiplying’
  • Russia likely to flood Asia with fuel as Europe ramps up sanctions.

Indian Economy:

  • CEA says India is poised to grow at 7% this year and for the rest of the decade.
  • Govt working on PLI scheme for more products to boost manufacturing: Goyal
  • Overall credit market grows 11.1% to Rs 174.3 trillion in FY22: Report
  • Tourism to contribute $250 billion to GDP by 2030, India to grow 7-9% – Govt
  • Other nations showing interest in India’s payment ecosystem: FM Sitharaman

Stock Specific News:

  • India Inc’s FY22 Capex rises 9.1% YoY but lags pre-Covid growth
  • US market growth expectations drive healthy gains for Cipla stock
  • Adani Group pledges stake worth $13 bn in ACC, Ambuja Cements
  • KKR, Hero Group to invest $450 mn in Hero Future Energies
  • Yes Bank to sell stressed assets worth Rs 48k cr to JC Flowers ARC
  • Govt orders and private Capex fuel KEC International’s order book
  • M&M to acquire Swaraj Engines’ 17.41% stake from Kirloskar Industries
  • Hero Moto ties up with HPCL to set up electric two-wheeler charging infra

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