Daily Stock Market News Snippets- 31 October 2022

1 min read

Global Economy:

  • A strong dollar has been seen hurting US economic outlook, even tilting the Fed’s path
  • German economy sees unexpected growth in 3rd quarter; inflation up 10.4%
  • Apple saw double-digit revenue growth in India in Sept quarter: Tim Cook
  • China’s Evergrande group starts delivering its first electric vehicles
  • Oil futures ease about 1% as top crude importer China widens COVID curbs.

Indian Economy:

  • Valuation of startup ecosystem nearly Rs 3 trillion, says Piyush Goyal
  • Raghuram Rajan says India’s job situation is ‘really alarming’, needs equal focus on services
  • 80% digital healthcare investment rise in 5 yrs in India: Jitendra Singh
  • India likely to start free trade pact negotiations with GCC next month
  • India signs a deal with Belgium-based IMEC to get chip-making technology
  • China-West tensions boost India’s manufacturing goals: Andy Mukherjee

Stock/Sector Specific News:

  • The credit card base of major issuers erodes in Q2 over RBI’s norms
  • Adani group to invest $150 billion in pursuit of $1 trillion valuation
  • Vedanta scales back FY23 Capex guidance by 20%; expects the lower cost of production in H2FY23
  • Govt equity stake in Vodafone Idea hinges on stock recovery: Indus Towers
  • Four companies set to go public next week; seek to raise over Rs 4,500 cr via IPO
  • Tata plans to borrow Rs 15,000 crore for Air India’s working capital
  • NTPC Q2 net profit dips over 7% to Rs 3,418 cr on the back of higher expenses
  • Carborundum Universal reports a standalone Q2 net profit of Rs 71.75 Cr.

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