Monday – 17 July 2023

• Commerce ministry has put on hold the plans to cut tariffs for imported tech items
from Europe after, IT industry raised concerns for local manufacturing goods.

• Tata Motors’ share of M&HCV market hits 10 year low in Q1.

• Sovereign gold bond sales hit record Rs 4,600 cr. in June.

• Macro uncertainties to keep IT hiring low in this hiring year. Students graduating in
2023 to be worst affected.
 Tuesday – 18 July 2023
• US talks higher pvt investment to spur India's energy shift

• To speed up India’s energy transition the US will work closely with India on an investment platform. It will
lower the cost of capital and increase private investment

Early to talk Air India – Indigo duopoly: Akasa Air co-founder

- May-June is peak summer traffic for the country, and certain capacity (Go First) went out of the industry.

These two things put together did have an impact:

-Indian carriers' fleet size and load factors are evolving

-He said that airfares in India were affordable, with perfect equilibrium between demand and supply, and these
would continue in the foreseeable future.
 Tuesday – 18 July 2023
• The merged entity of HDFC Bank and HDFC became the world’s 7th most valuable bank with its market
capitalization rising to $154 billion. HDFC Bank , reported a rise in net profit of 30% year on year to 11,952
crore for April-June.

• Quick Commerce Platform Dunzo is seeking at least $20 million from Reliance retail, its largest shareholder
after it fell short of its target to raise $75 million by offering convertible notes.

• Advertising and consumer promotion spending are expected to surge a record of 20-25% year on year in the
second half of 2023, spurred by factors such as the cricket World Cup 2023 to be hosted by India.

• Singapore Firm Temasek is looking to invest as much as 9-10 billion in India over the next 3 years.

• SEBI tightens LODR regulations, makes disclosures mandatory in move to boost transparency. Now listed Firms
will have to make all Business deals public.

• BMW sales up 5% in H1, company expects to post double-digit growth for 2023.

• LT Mindtree posted a net profit of 1152.3 crore on Q1 ended on June 30 up 4.1%from a year ago and a rise of
3.4% quarter on quarter (QoQ).

• Belgium’s Proximus Group has signed a definitive agreement to buy 57.56% stake in India’s Route mobile.
 Wednesday – 19 July 2023
• Finance Ministers of G20 focus on Crypto-Asset • IT Companies Hard Pivot to Generative AI
Reporting Framework

– Infosys 5yr deal 2 Billion $ target spends, also

– India proposes macroeconomic financial stability
risk analysis
– Investor protection and education
– Digital currency framework for cross border
payments
launches Topaz as AI-first set of service, solution
and platforms
– Wipro 3yr deal 1 Billion $ target spends
– TCS roadmap for 100,000 GenAI associates

• Top 5 Indian Stocks in Nasdaq 100 have doubled 6

month returns ranging 36% to 68%

– Motilal Nasdaq
– Kotak Nasdaq
• Regulators declare No GST for
– Edelweiss US Tech Equity free part changes under Warranty
– Mirae Assets NYSE FANG+ in India
– ICICI Nasdaq
 Wednesday – 19 July 2023
• Gautam Adani provided info about the upcoming projects of his company.
– First is building a 20gw wind and solar power facility in Gujarat.
– Second is developing Vizhinjam port in Kerela to make it India's largest
trans-shipment port.
– 3rd is building the Navi Mumbai Airport.

• Newly opened building named Surat Diamond Bourse in Surat becomes the
largest office building in the world surpassing The Pentagon in USA.

• Australia's state of Victoria pulled out from the Commonwealth Games 2026
due to projected cost overruns.
– The budget was fixed at A$2.6 billion but in future it could go over A$ 7
billion.