Daily Stock Market News Snippets- 31 October 2022
1 min readGlobal 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.