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Infosys' consolidated net profit rose 4.4% to Rs 5,421 crore on 6.1% increase in revenues to Rs29,602 crore in Q2 September 2021 (Q2 FY22) over Q1 June 2021 (Q1 FY22).Infosys said its revenue guidance for FY22 is revised upwards to 16.5%-17.5%. Margin guidance isretained at 22%-24%.Wipro reported 9.6% fall in consolidated net profit to Rs 2,930.7 crore in Q2 FY22 from Rs 3,242.6crore in Q1 FY22. Revenue from operations increased by 7.8% QoQ to Rs 19,667.4 crore during thequarter.Mindtree's consolidated net profit rose 16.2% to Rs 398.90 crore on 12.9% increase in revenue to Rs2586.20 crore in Q2 September 2021 (Q2 FY22) over Q1 June 2021 (Q1 FY22).IT major HCL Technologies will release its September 2021 quarter earnings today, 14 October 2021.Hero MotoCorp has introduced a range of new and exciting retail finance schemes for customers.Adding cheer to the ongoing festive season, the company is making numerous finance offers availableto customers through a wide range of partners.KEC International said it has completed the acquisition of Spur Infrastructure Private Limited onOctober 13, 2021 and Spur Infrastructure Private Limited is now a wholly owned subsidiary of thecompany.Westlife Development said the company will add 150-200 stores and invest Rs 800-1,000 crore acrossthe business over the next 3-4 years. This investment will go towards increasing the footprint, menuinnovations, strengthening the company's supply chain, increasing its omnichannel presence andelevating consumer experience.

Pasupati Acrylon Ltd, Inventure Growth & Securities Ltd, Krsnaa Diagnostics Ltd and Country Condos Ltd are amongthe other losers in the BSE's 'B' group today, 12 October 2021.Prabhat Technologies (India) Ltd lost 10.76% to Rs 445 at 14:35 IST.The stock was the biggest loser in the BSE's 'B'group.On the BSE, 11459 shares were traded on the counter so far as against the average daily volumes of 14874shares in the past one month.Pasupati Acrylon Ltd tumbled 8.56% to Rs 36.85. The stock was the second biggest loser in 'B' group.On the BSE,4.88 lakh shares were traded on the counter so far as against the average daily volumes of 1.2 lakh shares in thepast one month.Inventure Growth & Securities Ltd crashed 8.13% to Rs 2.6. The stock was the third biggest loser in 'B' group.On theBSE, 22.38 lakh shares were traded on the counter so far as against the average daily volumes of 16.74 lakh sharesin the past one month.Krsnaa Diagnostics Ltd dropped 7.78% to Rs 739.35. The stock was the fourth biggest loser in 'B' group.On the BSE,84761 shares were traded on the counter so far as against the average daily volumes of 19720 shares in the past onemonth.Country Condos Ltd shed 7.69% to Rs 3.96. The stock was the fifth biggest loser in 'B' group.On the BSE, 2.59 lakhshares were traded on the counter so far as against the average daily volumes of 62424 shares in the past onemonth.

Covaxin is India's indigenous COVID-19 vaccine by Bharat Biotech developed in collaboration with the Indian Councilof Medical Research (ICMR) - National Institute of Virology (NIV).The media reported that the Subject Expert Committee on COVID-19 has granted emergency use approval to Covaxinfor children in the 2-18 years age group. The made in India vaccine will be administered in two doses, with a gap of20 days between the first and second dose, reports added.In May this year, Gujarat Covid Vaccine Consortium (GCVC) signed a pact with Bharat Biotech International towardscontract manufacturing for the drug substance for Covaxin.The GCVC comprises Gujarat Biotechnology Research Centre (GBRC) (a Government of Gujarat undertaking), HesterBiosciences and Omnibrx Biotechnologies.As per the pact, Hester will provide complete infrastructure at its Gujarat plant for manufacturing the drug substancefor Covaxin. Hester has estimated an outlay of Rs 40 crore for this project.On a consolidated basis, Hester Biosciences' net profit rose 118.36% to Rs 12.49 crore in Q1 June 2021 on 51.04%rise in net sales to Rs 60.19 crore in Q1 June 2021 over Q1 June 2020.Hester Biosciences is one of India's leading animal healthcare companies and is the second largest poultry vaccinemanufacturer in the country

Chambal Fertilisers & Chemicals Ltd, Bajaj Hindusthan Sugar Ltd, HCL Technologies Ltd and Honda India PowerProducts Ltd are among the other losers in the BSE's 'A' group today, 12 October 2021.Tata Metaliks Ltd lost 6.04% to Rs 1067 at 14:50 IST.The stock was the biggest loser in the BSE's 'A' group.On theBSE, 42487 shares were traded on the counter so far as against the average daily volumes of 17752 shares in thepast one month.Chambal Fertilisers & Chemicals Ltd tumbled 4.96% to Rs 384.5. The stock was the second biggest loser in 'A'group.On the BSE, 86044 shares were traded on the counter so far as against the average daily volumes of 1.54 lakhshares in the past one month.Bajaj Hindusthan Sugar Ltd crashed 4.75% to Rs 15.05. The stock was the third biggest loser in 'A' group.On theBSE, 13.56 lakh shares were traded on the counter so far as against the average daily volumes of 7.31 lakh shares inthe past one month.HCL Technologies Ltd corrected 4.55% to Rs 1243. The stock was the fourth biggest loser in 'A' group.On the BSE,3.88 lakh shares were traded on the counter so far as against the average daily volumes of 2.68 lakh shares in thepast one month.Honda India Power Products Ltd dropped 3.76% to Rs 1367. The stock was the fifth biggest loser in 'A' group.On theBSE, 9198 shares were traded on the counter so far as against the average daily volumes of 2666 shares in the pastone month.

Shares of TCS will today, 11 October 2021 react to its result announced after market hours on Friday,8 October 2021. On a consolidated basis, TCS' net profit rose 6.84% to Rs 9,624 crore on 3.21%increase in net sales to Rs 46,867 crore in Q2 September 2021 (Q2 FY22) over Q1 June 2021 (Q1FY22).On a year-on-year (YoY) basis, the IT major's net profit rose 28.75% and net sales rose 16.77% in Q2FY22.Shares of Reliance Industries (RIL) and Sterling & Wilson Solar (SWSL) will be watched. Reliance NewEnergy Solar (RNESL), a wholly-owned subsidiary of RIL executed definitive agreements withShapoorji Pallonji and Company (SPCPL), Khurshed Daruvala and Sterling & Wilson Solar (SWSL) toacquire 40% stake post-money in SWSL.Seperately, RNESL announced acquisition of 100% shareholding of REC Solar Holdings AS (RECGroup) from China National Bluestar (Group) Co Ltd., for an Enterprise Value of $771 million.Maruti Suzuki India's total auto production fell by 51% to 81,278 units in September 2021 ascompared to 166,086 units produced in September 2020.Tata Motors said Jaguar Land Rover (JLR) reported retail sales of 92,710 vehicles for the secondquarter ending September 2021, 18.4% lower than the 1,13,569 vehicles sold in Q2 last year. JLRretail sales for the three-month period to 30 September 2021 continued to be constrained by theimpact of the global semiconductor shortage on production. Jaguar Land Rover (UK) is wholly ownedsubsidiary of Tata Motors.Shares of Aditya Birla Sun Life AMC will debut on the bourses today. The issue price was Rs 712 perequity share.Route Mobile (UK), a wholly owned subsidiary of Route Mobile, has signed definitive agreements toacquire Latin America-based Masivian. Masivian is a cloud communications platform service provider,with strong presence in Colombia and Peru.Gland Pharma on Friday announced that it received tentative approval from the United States Foodand Drug Administration (USFDA) for sugammadex injection.GOCL Corporation said that its wholly-owned subsidiary IDL Explosives (IDLEL) has bagged order fromCoal India worth Rs 592.45 crore.Gujarat State Petronet said that the credit ratings agency CARE Ratings has reaffirmed its rating onthe bank facilities of the company.Solar Industries India said that it received orders worth Rs 1,471 crore from Coal India (CIL) tosupply bulk explosives over a period of two years.Bandhan Bank said its collection efficiency improved to 90% at the end September 2021 from 80%three months back.Equitas Small Finance Bank's gross advances increased by 13% to Rs 18,981 crore in Q2 FY22compared with Rs 16,731 crore in Q2 FY21.

Titan Company witnessed strong recovery in demand after the second wave across its consumerbusinesses with sales moving swiftly above or close to pre-pandemic levels in most of the divisions.Apart from its thrust on digital and omni channels, the company also accelerated its retail networkexpansion during the quarter.Lupin announced that it has received tentative approval from the United States Food and DrugAdministration (FDA) for its Abbreviated New Drug Application (ANDA) Brexpiprazole Tablets, tomarket a generic equivalent of Rexulti Tablets, of Otsuka Pharmaceutical Co., Ltd.PNB Housing Finance announced that it has joined hands with CSC e-Governance Services India, astrategic cornerstone of Digital India programme to provide last-mile home loan facilities to individualsliving in tier 2 and 3 cities.Sobha said its new sales surged to 13.48 lakh square feet in Q2FY22 against 8.91 lakh square feet inQ2FY21. Total sales value increased to Rs 1030.2 crore from Rs 689.9 crore in the same period.Nazara Technologies announced that its board has approved preferential allotment of fresh equity toraise Rs 315.30 crore from marquee institutional investors. The company will issue 1,429,266 equityshares of face value of Rs. 4/- each at a price of Rs. 2,206 per equity share.

Reliance Industries (RIL) has invested Rs.7,42,87,000 (equivalent to USD 1,000,000) in cash in1,000,000 equity shares of USD 1 each of 'Reliance International Limited' (RINL), a newlyincorporated wholly owned subsidiary in Abu Dhabi Global Market, United Arab Emirates. RINL isincorporated to undertake activities relating to, amongst others, trading of crude oil, petroleumproducts, petrochemicals and agricultural commodities. RINL is yet to commence its businessoperations.Hero MotoCorp dispatched 530,346 units of motorcycles and scooters in the month of September2021. The company dispatched 7,15,718 units in September 2020.Nestle India informed that the company's new factory at Sanand, Gujarat has commenced initialphase of production.Tech Mahindra through its wholly owned subsidiary viz., Tech Mahindra GmbH approved the proposalto acquire 100% equity shares in Beris consulting GmbH (Beris).Eli Lilly and Company (India) Pvt. Ltd, a wholly owned subsidiary of Eli Lilly and Company, a globalbiopharmaceutical company and Cipla announced its strategic partnership in India to enhance thereach of Lilly's Diabetes products – Humalog and Trulicity.Eicher Motors sold 33,529 motorcycles in September 2021, down from 60,331 motorcycles sold inSeptember 2020.NIIT has acquired 70% stake in RPS Consulting Private Limited (RPS Consulting). The remaining 30%shareholding will be acquired by NIIT from the promoters of RPS Consulting in subsequent tranchesbased on achievement of certain financial milestones and closing adjustments in terms of thetransaction documents within the next two and a half years.CSB Bank's total deposits (provisional) rose 9.12% to Rs 19,061.62 crore and gross advances rose12.09% to Rs 14,304.14 crore in the quarter ended September 30, 2021 over the quarter endedSeptember 30, 2020.

Intraday trading stocks like Auto stocks will be in focus as auto companies will start announcing monthly sales numbers forSeptember starting from today, 1 October 2021.Maruti Suzuki India said that owing to a supply constraint of electronic components due to thesemiconductor shortage situation, the company is expecting an adverse impact on vehicle productionin the month of October 2021 in both Haryana and its contract manufacturing company, Suzuki MotorGujarat Private Limited (SMG) in Gujarat. Though the situation is quite dynamic, it is currentlyestimated that the total vehicle production volume across both locations could be around 60% ofnormal production.Shares of Paras Defence and Space Technologies will debut on the bourses today. The IPO wassubscribed by over 304 times. The issue price is fixed at Rs 175 per share.Jubilant Foodworks Netherlands B.V. (JFN), a wholly owned subsidiary of Jubilant Foodworks, proposesto acquire upto 17.18% ordinary shares of DP Eurasia N.V. (DP Eurasia) through a reverse bookbuildprocess from certain professional investors of DP Eurasia.Adani Green Energy said that Adani Renewable Energy (MH) Energy, a wholly-owned subsidiary of thecompany has completed acquisition of 100% of the share capital and all the securities of Vento EnergyInfra from Essel Green Energy.Phillips Carbon Black launched its QIP issue on Thursday and approved the floor price of Rs 255.85per share.IIFL Asset Management stated that its asset base has crossed Rs. 50,000 crore-mark. The fundhouse's aggregate Asset Under Management (AUM) comprising Alternative Assets and Mutual Fund(MF) rose to Rs. 50,019 crore from Rs.37,372 on March 31, FY21. While the one-year absolute growthin AUM was 87%, the three-year absolute growth was 212%.

The Reserve Bank of India (RBI) has issued revised operational guidelines on the special long-termrepo operations (SLTRO) scheme for small finance banks (SFBs). In the monetary policy announcedlast week, the RBI had extended the on-tap SLTRO for SFBs till December 31, 2021. This facility wasearlier made available till October 31, 2021. All Small Finance Banks (SFBs) eligible under theLiquidity Adjustment Facility (LAF) can participate in the Scheme. There is no tenor restrictionregarding lending by SFBs under the scheme. However, the SFBs will have to ensure that the amountborrowed from the RBI should at all times be backed by lending to the specified segments till maturityof the SLTRO. Furthermore, SFBs should endeavour to lend within a reasonable period, i.e., not laterthan 30 days from the date of availing the funds from RBI. The Scheme will now be operationalised ontap. Accordingly, the last tranche of the SLTRO auction due on October 14, 2021, announced vide ourPress Release 2021-2022/181 dated May 07, 2021, will not be conducted.SFBs can place requests for funds in the format enclosed in Annex-2, through e-mail. The ReserveBank will aggregate all such requests received and release funds every Monday (on the subsequentworking day if Monday is a holiday) by initiating a 3-year repo contract at repo rate with therequesting bank. If a bank places multiple requests during the week, all such requests will beaggregated, and a single repo contract will be created on the date of operation. Requests from SFBsdesirous of availing funds from the RBI will be subject to availability of funds as on the date ofapplication, i.e., funds cannot be guaranteed in case the total amount of Rs 10,000 crore is alreadyavailed. In case the requested amount exceeds the remaining amount under the scheme on the dateof operation, the remaining amount will be distributed on pro-rata basis among all the eligiblerequests.

IT major Tata Consultancy Services (TCS) will announce its Q2 September 2021 earnings today, 8October 2021.Hero MotoCorp launched the all-new XPulse 200 4 Valve. The new XPulse 200 4 Valve is an addition tothe X-range of premium portfolio of Hero MotoCorp.Oberoi Realty said it sold 200 units in the July-September quarter compared to 45 units last year. Interms of volume, it sold 4.43 lakh square feet in the second quarter, compared to 1.30 lakh squarefeet in the corresponding period of the previous year.JSW Energy has signed a contract with GE Renewable Energy for procurement of 810 MW of onshorewind turbines for the company's under-construction pipeline of renewable energy projects.KPI Global Infrastructure said that it has signed new long term Power Purchase Agreement (PPA) withGHCL, Bhilad for sale of 1.25 MW solar power for a period of 20 years under Independent PowerProducer (IPP) business vertical.Ratnamani Metals & Tubes has received a new order of Rs 98 crore (excluding GST) for supply ofCarbon Steel Pipes from domestic Oil & Gas Sector, to be executed in 5 to 12 months.

Bajaj Finance said that customer franchise as of 30 September 2021 stood at 52.8 million ascompared to 44.1 million as of 30 September 2020. The company acquired 2.4 million new customersin Q2 FY22 as compared to 1.2 million in Q2 FY21.Coal India's board accorded its in-principle approval to Pre Feasibility Report for setting up ofIntegrated Greenfield Aluminium Project in Odisha which shall include Bauxite Mining, AluminaRefinery, Aluminium Smelter and associated Captive Power Plant by its wholly owned subsidiaryMahanadi Coalfields (MCL).Godrej Consumer Products said that during the quarter, demand trends in categories across the keycountries the company operates in, remained steady.Future Retail said that the Master Franchise agreement executed between Future7-India Convenience,7-Eleven INC, Future Corporate Resources and the company for developing and operating 7-Elevenstores within India has been mutually terminated. The Future-7 was not able to meet the target ofopening stores and payment of franchisee fees.Phillips Carbon Black said that the company closed its qualified institutional placement issue andraised Rs 399.99 crore by issuing over 1.63 crore equity shares to 20 qualified institutional buyers atRs 244 per equity share.Central Bank of India has entered into a strategic Co lending Partnership with IIFL Home Finance tooffer SME LAP Loan product under priority sector to MSME borrowers.

Total two-wheelers registered a growth of 6% with sales of 332,511 units in September 2021 as against sales of313,332 units in September 2020. Domestic two-wheeler registered sales of 244,084 units in September 2021 asagainst sales of 241,762 units in September 2020.On a sequential basis, the company's total sales rose 19.4% in September 2021 as compared to 290,694 units sold inAugust 2021. Meanwhile, the company's total exports registered a growth of 20% with sales of 102,259 units in themonth of September 2021 as against 85,163 units in September 2020Three-wheeler division of the company registered a growth of 2% with sales of 14,645 units in September 2021 asagainst sales of 14,360 units in September 2020. With pandemic restrictions easing and the festive season soonapproaching, we expect the retails to improve significantly in the coming months, TVS said in a press release.TVS Motor Company, part of the TVS Group, is a two and three-wheeler manufacturer. The company reported aconsolidated net loss of Rs 14.72 crore in Q1 FY22 as compared to a net loss of Rs 182.79 crore registered in Q1FY21. Net sales soared 141.80% to Rs 4,689.34 crore in Q1 FY22 from Rs 1,939.65 crore posted in Q1 FY21.

Founded in 1990, SCI brings deep domain consulting capabilities specializing in payment solutions, integration, andsupport services for an impressive portfolio of leading US banks. Additionally, Fusion360 provides applicationdevelopment, maintenance, and support for leading Payment platforms including IBM's Financial Transaction Manager(FTM).SCI enhances Persistent's capabilities and will serve as the foundation of a dedicated payments business unit.Meanwhile, Shree Partners, established in 2005, is a digital transformation and technology solutions company thathelps clients in BFSI and other industries increase profitability by implementing and maintaining innovative Cloud,Infrastructure, Data, and AI/ML solutions that reduce costs and drive revenue.The total purchase consideration payable for the acquisition of SCI and Fusion 360 is $53 million.Persistent Systems will acquire Shree Infosoft, India, along with certain assets of Shree Partners, USA - the parentcompany of Shree Infosoft - for $6.87 million.These acquisitions are subject to customary closing conditions which are expected to be completed in a span of 3-5weeks.Sandeep Kalra, chief executive officer and executive director, Persistent Systems, "We continue to see rapidacceleration of digital transformation with our financial services clients, requiring not only technology but domainexpertise in areas like payments and regulatory compliance. With the addition of SCI and Fusion360, we are forminga new Payments business unit and expanding our BFSI expertise as well as client portfolio. Similarly, Shree Partnersexpands our cloud and IT infrastructure capabilities in BFSI and travel & hospitality. Importantly, these acquisitionsbring us new points of presence in Charlotte, North Carolina, and the National Capital Region (NCR), India, bringing innew digital transformation talent to serve our clients."Persistent Systems is a global services and solutions company delivering digital engineering and enterprisemodernization.The IT firm reported a 9.79% jump in consolidated net profit to Rs 151.24 crore in Q1 June 2021 over Rs 137.75crore in Q4 March 2021.

Birlasoft announced that it has achieved Oracle Validated Integration with JD Edwards EnterpriseOne Expertise for itsintegration of ProVue - designed to bring power and simplicity to the process of monitoring the ERP landscape. ProVuegoes beyond monitoring the operating system and network-level metrics, by diving deeper into the inner workings ofJD Edwards EnterpriseOne.ProVue is hosted and managed by Birlasoft on Oracle Cloud Infrastructure (OCI). ProVue allows customers to take amore proactive approach towards JD Edwards EnterpriseOne system monitoring and enables a better user experience.By leveraging OCI's state-of-the-art computing resources and features, ProVue customers are assured of improvedperformance and all-day access to the web portal.

The Union Cabinet has approved central government guarantee up to Rs 30,600 crore to back security receipts (SRs) to be issued by NationalAsset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets.The government guarantee, which will be valid for five years, can be invoked by NARCL for meeting the shortfall between the face value of theSRs and the actual realization upon resolution or liquidation. GoI's guarantee will also enhance liquidity of SRs as such SRs are tradable.NARCL proposes to acquire stressed assets of about Rs 2 lakh crore in phases within extant regulations of Reserve Bank of India (RBI). It intendsto acquire these through 15% cash and 85% in SRs.NARCL has been incorporated under the Companies Act and has applied to RBI for license as an Asset Reconstruction Company (ARC). NARCLhas been set up by banks to aggregate and consolidate stressed assets for their subsequent resolution. PSBs will maintain 51% ownership inNARCL.The government is also setting up an India Debt Resolution Company Ltd (IDRCL) to manage the Non-Performing Assets (NPAs). IDRCL is aservice company/operational entity which will manage the asset and engage market professionals and turnaround experts. Public Sector Banks(PSBs) and Public FIs will hold a maximum of 49% stake and the rest will be with private sector lenders.The NARCL will acquire assets by making an offer to the lead bank. Once NARCL's offer is accepted, then, IDRCL will be engaged for managementand value addition.The new structure will incentivize quicker action on resolving stressed assets thereby helping in better value realization. Further, it will bringabout improvement in bank's valuation and enhance their ability to raise market capital.Capitalization of NARCL would be through equity from banks and Non-Banking Financial Companies (NBFCs). It will also raise debt as required.The GoI guarantee will reduce upfront capitalization requirements.NARCL is intended to resolve stressed loan assets above Rs 500 crore each amounting to about Rs 2 lakh crore. In phase I, fully provisionedassets of about Rs. 90,000 crore are expected to be transferred to NARCL, while the remaining assets with lower provisions would be transferredin phase II.

Rattanindia Enterprises welcomes the Production Linked Incentive (PLI) scheme announced by the Govt. of India today. The PLI Scheme for the Drones and Dronecomponents industry addresses the strategic, tactical and operational uses of this revolutionary technology. A product specific PLI scheme for drones with clear revenuetargets and focus on domestic value addition is key to building capacity and making these key drivers of India's growth strategy.As per the Govt. of India's press release, with this PLI scheme, Drone services (operations, logistics, data processing, traffic management etc.) is likely to grow to Rs30,000 crore in next 3 years and generate over 5 lac jobs. Drone sector is a key priority area for the government and has been given preferential treatment to promotethe sector and help achieve the goal of making India a global drones hub by 2030.Recently Rattanindia Enterprises had made strategic investment in US based drone company Matternet. Matternet has the most extensive drone logistics networkworldwide. RattanIndia Enterprises has also announced incorporation of a wholly owned subsidiary to undertake the drones business in India

Tata Mutual Fund (MF) has launched the Tata Floating Rate Fund, an open-ended debt scheme investing predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives). The NFO opens for subscription on June 21, 2021 and closes on July 05, 2021. The Entry load is not applicable for the scheme. The Exit Load is nil for the scheme. The minimum subscription amount is Rs 5,000 & in multiples of Re 1 thereafter.
The performance of the scheme shall be benchmarked to the CRISIL Ultra Short-Term Debt Index and its fund managers is Akhil Mittal.
The investment objective of the scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments.

Nippon India Mutual Fund (MF) has launched the Nippon India Nifty Pharma ETF, an open-ended scheme replicating/ tracking NIFTY Pharma Index. The NFO opens for subscription on June 21, 2021 and closes on June 28, 2021. The Entry load and the Exit Load is not applicable for the scheme. The minimum subscription amount is Rs 1,000 & in multiples of Re 1 thereafter.
The performance of the scheme shall be benchmarked to the Total Return (TRI) and its fund managers is Mehul Dama.
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the NIFTY Pharma Index before expenses, subject to tracking errors.

ICICI Prudential Mutual Fund (MF) has declared Income Distribution cum capital withdrawal option (IDCW option) under ICICI Prudential Fixed Maturity Plan-Series 83-1108 Days Plan H. The record date for the same is June 23, 2021. The quantum of IDCW on the face value of Rs 10 per unit will be Rs 0.0500 each under Direct Plan-Quarterly IDCW, Half Yearly IDCW and Direct Plan-Half Yearly IDCW.
The units of the Scheme are listed on BSE. The trading of units of the Scheme will be suspended on BSE with effect from closing hours of trading of June 20, 2021. For the purposes of redemption proceeds, the record date for the Scheme shall be June 23, 2021.

ICICI Prudential Mutual Fund (MF) has declared Income Distribution cum capital withdrawal option (IDCW option) under ICICI Prudential Equity Savings Fund. The record date for the same is June 21, 2021. The quantum of IDCW on the face value of Rs 10 per unit will be Rs 0.22 each under Half Yearly IDCW and Direct Plan-Half Yearly IDCW.

ICICI Prudential Asset Management Company (AMC) has announced changes in Scheme Information Document (SID) and Key Information Memorandum (KIM) of ICICI Prudential Flexicap Fund.
Pursuant to addendum No. 013/05/2021 dated May 19, 2021, ICICI Prudential Asset Management (AMC) announced that Value Systematic Transfer Plan (Value STP) shall not be available under the Flexicap Fund Scheme. The Scheme shall be a Target Scheme under Booster Systematic Transfer Plan (Booster STP). Read terms & conditions in the application form before investing or visit ww.iciciprumf.com. This facility should not be associated or confused with Systematic Transfer Plan, Flex Systematic Transfer Plan; all these are separate facilities provided by ICICI Prudential AMC Limited.
All the other provisions of the SID/KIM/addenda of the Scheme, except as specifically modified herein above remain unchanged.

DSP Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘DSP Nifty 50 Equal weight ETF ’ . The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked by NIFTY50 Equal Weight Index. The minimum application amount is Rs 5000.
The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking errors.

India Mutual Fund Nippon has filed offer document with SEBI to launch an open-ended Target Maturity Index fund named ‘Nippon India CPSE Bond Plus SDL G Sec Index Fund’. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.
The performance of the scheme will be benchmarked by Nifty CPSE Bond Plus SDL Plus G-Sec Jun 2031 45:50:5 Index. The minimum application amount is Rs 1000 and multiples of Re 1 thereafter.
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty CPSE Bond Plus SDL Plus G-Sec Jun 2031 45:50:5 Index before expenses, subject to tracking errors.

Kotak Mahindra Mutual Fund (MF) has launched the Kotak Nifty 50 Index Fund, an open-ended scheme replicating / tracking Nifty 50 index. The NFO opens for subscription on May 24, 2021 and closes on June 07, 2021. The Entry load and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 100 and in multiples of Re 1 for purchase and of Re 0.01 for switches.
The performance of the Scheme is measured against Nifty 50 Index TRI and its fund managers are Devender Singhal, Satish Dondapati and Abhishek Bisen.
The investment objective of the scheme is to replicate the composition of the Nifty 50 and to generate returns that are commensurate with the performance of the NIFTY 50 Index, subject to tracking errors.

The Indian rupee is expected to add gains in opening trades on Thursday, 14 October 2021 as dollar isseen retreating from its recent peaks in early Asian trades. Positive cues from global markets andforeign fund inflows are likely to further prop up the domestic currency. However, crude oil is seenrebounding after falling in previous trade could limit gains in the local unit.On Wednesday, rupee managed to recover against the dollar, ending a three -day losing streak amidimproved domestic macro data. At the interbank foreign exchange, the rupee opened stronger at75.29 against the dollar and registered an intraday high and low of 75.20 and 75.51 respectively andsettled for the at 75.38.Domestic benchmark indices settled with strong gains on Wednesday, extending rise for the fifthstraight session. The S&P BSE Sensex jumped 452.74 points or 0.75% at 60,737.05. The Nifty 50index gained 169.80 points or 0.94% at 18,161.75. Both the indices attained record closing levels.Foreign portfolio investors (FPIs) bought shares worth Rs 937.31 crore, while domestic institutionalinvestors (DIIs), were net sellers to the tune of Rs 431.72 crore in the Indian equity market on 13October, provisional data showed.Overseas, Asian stocks are mostly higher as investors reacted to the release of China's inflation datafor September. Markets in Hong Kong are closed on Thursday for a holiday. In US, the S&P 500 andNasdaq ended higher on Wednesday, led by gains in shares of big growth names like Amazon.com andMicrosoft, but JPMorgan shares fell along with other bank shares and weighed on the market. Minutesreleased Wednesday afternoon from the Federal Open Market Committee's September meetingshowed the central bank could begin tapering its asset-purchase program as soon as mid-November.Meanwhile, the dollar is seen retreating from its one-year high in early Asia on Wednesday as longerdated Treasury yields dipped after US inflation data showed prices rose solidly last month, while theminutes from the Federal Reserve's September meeting confirm tapering will begin "soon." The dollarindex, which measures the greenback against six rivals, was last down 0.515% at 94.04 fromTuesday, when it touched 94.563, its highest since late September 2020.

The minutes from the Fed's September policy meeting signaled that the central bankers could starttapering their crisis-era support for the economy in mid-November, though they remain divided overhow much of a threat high inflation poses and how soon they may need to raise interest rates inresponse. The Federal Reserve on Wednesday released the minutes of its September monetary policymeeting, shedding some additional light on the central bank's assessment that a moderation in thepace of asset purchases may "soon be warranted." The minutes revealed participants generallyagreed that a gradual tapering of asset purchases that concludes around the middle of next yearwould likely be appropriate if the economic recovery remained broadly on track

Large energy speculators sharply added to their net long positions in the WTI Crude Oil futuresmarket last week, according to the latest Commitment of Traders (COT) data released by theCommodity Futures Trading Commission (CFTC). The non-commercial futures contracts of WTI CrudeOil futures, traded by large speculators and hedge funds, totaled a net position of 398307 contracts inthe data reported through week ended October 4, 2021. This was a weekly rise of 24493 netcontracts and pushed up net longs to around seven week high. The commercial trader's position,hedgers or traders engaged in buying and selling for business purposes, totaled a net position of-443259 contracts on the week. This was a weekly change of -24379 net contracts.

IMF noted in a latest update that the global economy is recovering from the pandemic amidst anuncertain path. Growth in per capita incomes of advanced countries and many emerging anddeveloping economies (EMDEs) continue to diverge, largely driven by uneven vaccine access, fiscalspace and financial capacity to respond to the crisis. After severe output losses due to the pandemic,growth in the near term in many EMDEs is improving largely due to increasing domestic demand andhigher commodity prices. Multiple social and economic challenges – food insecurity, increasinginequality, persistent unemployment and informality, setbacks in education and human capitaldevelopment, heightened debt vulnerabilities, conflict, fragility and migration, climate change andincreasing inflation risks – remain and weigh on medium-term prospects of most EMDEs.

The Indian rupee is likely to extend its weakness in early trades on Tuesday, 12 October 2021 amidweak cues from global equities and sustained foreign fund outflows from domestic markets. Highercrude oil prices and dollar holding on near recent peaks are also expected to weigh down the local unitthat plunged by almost 40 paise in the previous session and closed at a 15-month low of 75.36against the U.S. dollar.On Monday, rupee opened lower at 75.11 and witnessed an intra-day high of 75.06 and a low of 75.39against the U.S. dollar in day trade. The local unit finally settled down by 37 paise at 75.36 a dollar, alevel not seen since July 14, 2020. The 10-year benchmark 6.10%-2031 bond yield closed at 6.34%.Domestic equity benchmarks ended with decent gain on Monday, rising for the third straight session.The 30-share Sensex closed 76.72 points or 0.13% higher at 60,135.78. The Nifty rose 50.75 pointsor 0.28% to settle at 17,945.95. Foreign portfolio investors (FPIs) sold shares worth Rs 1,303.22crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 373.28 crore inthe Indian equity market on 11 October, provisional data showed. On the macro front, September CPIis due along with August IIP data, later today. The government will also release September tradedata.Overseas, Asian stocks are trading lower on Tuesday on concerns about elevated inflation stoked byenergy costs and the possibility of a widening Chinese crackdown on private industry. Investors willmonitor developments for cues. There is Bank of Korea policy decision and briefing on Tuesday andalso Atlanta Fed president Raphael Bostic speaking on inflation. US stocks ended a choppy sessionlower on Monday as investors grew nervous ahead of third-quarter earnings reporting season.Goldman on Monday cut its U.S. economic growth forecast. The firm lowered its 2022 growth estimateto 4% from 4.4% and took its 2021 estimate down a tick to 5.6% from 5.7%. The firm cited theexpiration of fiscal support from Congress and a slower-than-expected recovery in consumerspending, specifically services.Meanwhile, the dollar was up on Tuesday morning in Asia, while the yen hit a fresh three-year low.The Japanese currency continued a sharp fall over bets that surging energy prices will drive Japan'sdemand for dollars. Bets also rose that the U.S. will hike interest rates well ahead of its peers. TheU.S. Dollar Index that tracks the greenback against a basket of other currencies inched down to94.33.

The Indian rupee is expected to stay weak against the dollar in opening trades on Monday, 11 October2021 amid surging crude oil prices. However, losses in the local unit could be limited amid renewedoptimism in regional share markets and dollar staying subdued through the weekend. The ReserveBank of India (RBI) on Friday decided to keep the benchmark interest rate unchanged at 4 per centbut maintained an accommodative stance even as the economy is showing signs of recovery after thesecond COVID wave.On Friday, rupee plummeted sharply against the dollar amid surging crude oil prices. Rupee tumbled20 paise to close at 74.99 against the US dollar. At the interbank foreign exchange market, the localcurrency opened at 75 and witnessed an intra-day high of 74.91 and a low of 75.16 against the USdollar in day trade. The local unit finally settled at 74.99 a dollar, down 20 paise over its previousclose. On Thursday, the rupee had settled at 74.79 against the US dollar.Domestic stock market ended with strong gains on Friday after the Reserve Bank of India's MonetaryPolicy Committee decided to maintain its status quo on interest rate. The barometer index, the S&PBSE Sensex, advanced 381.23 points or 0.64% to 60,059.06. The Nifty 50 index added 104.85 pointsor 0.59% to 17,895.20. Foreign portfolio investors (FPIs) sold shares worth Rs 64.01 crore, whiledomestic institutional investors (DIIs), were net sellers to the tune of Rs 168.19 crore in the Indianequity market on 8 October, provisional data showed.Overseas, Asian stocks are mostly trading higher on Monday as stocks in Hong Kong led gainsregionally. Mainland Chinese stocks were also higher. Travel stocks in Singapore surged afterSingapore authorities announced over the weekend that more “vaccinated travel lanes” are set toopen with 8 more countries. Markets in South Korea are closed on Monday for a holiday. US stockindexes ended lower Friday with technology stocks under pressure as bond yields rose after a monthlyreport on the labor market came in much weaker than expected. The Labor Department's nonfarmpayrolls report showed the U.S. economy in September created the fewest jobs in nine months ashiring dropped at schools and some businesses were short of workers. The report said non-farmpayroll employment rose by 194,000 jobs in September after climbing by an upwardly revised366,000 jobs in August.Meanwhile, the US dollar stayed bearish in early Asian trades on Monday, 11 October 2021 extendingweekend mood, edging close to 94 mark levels. The dollar index that measures the greenback againsta basket of currencies was last seen at 94.13, off its recent peak of 94.50.

Copper futures moved up yesterday after witnessing steep losses. The metal fell near $4.11 perpound before witnessing some support as the US equities saw decent buying. Economic cues werepositive, keeping Copper steady. Employment in the US private sector increased in the month ofSeptember, according to a report released by payroll processor ADP on Wednesday. ADP said privatesector employment jumped by 568,000 jobs in September after rising by a downwardly revised340,000 jobs in August. Euro area retail sales grew in August, after a decline in the previous month,preliminary data from Eurostat showed Wednesday. Retail sales rose 0.3% month-on-month followinga 2.6% fall in July, which was revised from 2.3%. Eurozone Construction PMI rose from 49.5 inAugust to 50.0 in September, signalling a stabilisation in eurozone construction activity following twosuccessive months of decline. Where activity rose, companies often cited stronger demand growth,although this was offset by a lack of raw mater. COMEX Copper futures are currently trading at $4.18per pound, up 0.20% on the day. MCX Copper futures should find this supportive. MCX Copper testedlows near Rs 700 per kg before closing around Rs 710 per kg, down 0.50% in last session.

Copper futures moved up yesterday after witnessing steep losses. The metal fell near $4.11 perpound before witnessing some support as the US equities saw decent buying. Economic cues werepositive, keeping Copper steady. Employment in the US private sector increased in the month ofSeptember, according to a report released by payroll processor ADP on Wednesday. ADP said privatesector employment jumped by 568,000 jobs in September after rising by a downwardly revised340,000 jobs in August. Euro area retail sales grew in August, after a decline in the previous month,preliminary data from Eurostat showed Wednesday. Retail sales rose 0.3% month-on-month followinga 2.6% fall in July, which was revised from 2.3%. Eurozone Construction PMI rose from 49.5 inAugust to 50.0 in September, signalling a stabilisation in eurozone construction activity following twosuccessive months of decline. Where activity rose, companies often cited stronger demand growth,although this was offset by a lack of raw mater. COMEX Copper futures are currently trading at $4.18per pound, up 0.20% on the day. MCX Copper futures should find this supportive. MCX Copper testedlows near Rs 700 per kg before closing around Rs 710 per kg, down 0.50% in last session

Indian equity intraday trading  ended with strong gains on Thursday, extending their winning run to sixth consecutive session.Positive global stocks boosted sentiment. The Nifty hit a record high of 18,350.75 and the Sensex hitan all time high of 61,353.25 in late trade.The barometer index, the S&P BSE Sensex, rallied 568.90 points or 0.94% to 61,305.95. The Nifty 50index added 176.80 points or 0.97% to 18,338.55. Both the indices attained record closing levels.Strong earnings by tech companies Mindtree, Infosys and Wipro fuelled the rally in other IT stocks.HDFC Bank hit a record high of Rs 1,690 today ahead of its Q2 earnings on 16 October 2021.The broader indices lagged the benchmarks. The S&P BSE Mid-Cap index rose 0.54% while the S&PBSE Small-Cap index gained 0.46%.The market breadth was positive. On the BSE, 1,703 shares rose and 1,655 shares fell. A total of 140shares were unchanged.The Sensex has risen 3.58% and the Nifty has climbed 3.92% in six consecutive sessions.The Indian stock market will remain shut on Friday (15 October 2021) on account of Dussehra.Economy:India's inflation based on wholesale price index (WPI) rose 10.66% in September 2021 compared with1.32% in September 2020."The high rate of inflation in September 2021 is primarily due to rise in prices of mineral oils, basicmetals, non-food articles, food products, crude petroleum & natural gas, chemicals and chemicalproducts, etc. compared with the corresponding month of the previous year," the Ministry ofCommerce & Industry said in a statement today.WPI grew 11.39% in August 2021, while the figure for July was 11.57%.Numbers to Track:MCX Gold futures for 3 December 2021 settlement rose 0.26% to Rs 48,039.The yield on India's 10-year benchmark federal paper (06.10 GS 2031) was currently at 6.329% ascompared with its previous closing of 6.314%.In the commodities market, Brent crude for December 2021 settlement rose 93 cents or 1.12% to$84.11 a barrel.In the foreign exchange market, the partially convertible rupee rose to 75.265 from its previousclosing of 75.375.The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, wasdown 0.26% to 93.84.Global Markets:US Dow Jones index futures were up 201 points, indicating a strong opening in the US stocks today.European stocks rose across the board while most Asian stocks settled higher on Thursday withinvestors around the world reflecting on the latest inflation data and earnings out of the US. Investorsalso reacted to the release of China's inflation data for September. Markets in Hong Kong were closedon Thursday for a holiday.China's producer price index for September soared 10.7% as compared with a year ago. China'sconsumer price index also rose 0.7% in September as compared with a year ago.Meanwhile, Singapore's central bank unexpectedly tightened monetary policy on Thursday. Officialadvance estimates also showed on Thursday that Singapore's economy grew 6.5% year-on-year inthe third quarter of 2021.In US, minutes from the Federal Open Market Committee's September meeting showed the centralbank could begin tapering its asset-purchase program as soon as mid-November.US consumer prices rose 0.4% last month, slightly higher than August's gain and pushing annualinflation back to the highest increase in 13 years. The consumer price index rose 5.4% in Septemberfrom a year ago, the Labor Department said Wednesday, up slightly from August's gain of 5.3%.Excluding the volatile food and energy categories, core inflation rose 0.2% in September and 4%compared with a year ago. Core prices hit a three-decade high of 4.5% in June.Stocks in Action:ITC rose 2.89% to Rs 256.55, extending recent gains on reports that e-commerce giant Amazon isplanning to invest in ITC e-Choupal. ITC's e-Choupal links directly with rural farmers via the Internetfor procurement of agricultural and aquaculture products like soybeans, wheat, coffee, and prawns.The system saves procurement costs for ITC, while the farmers benefit through enhanced farmproductivity and higher farm gate prices.ITC hit a 52-week high of Rs 261.80 today. It has risen 10.75% in four sessions.Indian Railway Catering and Tourism Corporation (IRCTC) surged 10.94% to Rs 5467.35, extendinggains for the third day. The stock hit a record high of Rs 5593.85 today. It has surged 14.55% in inthree sessions.IRCTC has fixed 29 October 2021 as the record date for the proposed 5-for-1 stock split.Century Textiles & Industries jumped 2.87% after the company reported a consolidated net profit ofRs 44.71 crore in Q2 FY22 as against a net loss of Rs 14.13 crore in Q2 FY21. Net sales increased67.5% YoY to Rs 997.98 crore in Q2 FY22 over Q2 FY21.Westlife Development jumped 3.17% after the company said that it will look at adding another 150-200 stores and invest Rs 800-1,000 crore across the business over the next 3-4 years.Dish TV India fell 2.06%. The board of Dish TV India on Wednesday (13 October 2021) expressed itsinability to convene EGM as requisitioned by Yes Bank, citing various regulatory and proceduralhurdles. According to the company, Yes Bank's shareholding in Dish TV was due to invocation ofpledges, and this prevented placing the resolutions before its shareholders.Mindtree surged 7.56% after the company reported 16.2% rise in consolidated net profit to Rs 398.9crore on a 12.9% increase in revenue to Rs 2,586.2 crore in Q2 FY22 over Q1 FY22. As compared toQ2 FY21, the company's net profit and revenue have increased by 57.2% and 34.3%, respectively.EBITDA margin stood at 20.5% as on 30 September 2021 as against 20.3% as on 30 June 2021.Wipro climbed 5.20% after the IT major reported 9.6% fall in consolidated net profit to Rs 2,930.7crore in Q2 FY22 from Rs 3,242.6 crore in Q1 FY22. Revenue from operations increased by 7.8% Q-oQ to Rs 19,667.4 crore during the quarter. As compared to Q2 FY21, the IT firm's net profit andrevenue from operations in Q2 FY22 have risen by 18.9% and 30.1%, respectively. The IT Servicessegment revenue was at $2,580 million, an increase of 6.9% Q-o-Q and 29.5% Y-o-Y. The Non-GAAPconstant currency IT Services segment revenue increased by 8.1% Q-o-Q and 28.8% Y-o-Y. The ITServices operating margin for the quarter was at 17.8%, down 104 bps on a sequential basis.Infosys gained 0.40%. The IT bellwether said its consolidated net profit rose 4.4% to Rs 5,421 croreon 6.1% increase in revenues to Rs 29,602 crore in Q2 FY22 over Q1 FY22. On a year-on-year basis,Infosys' net profit and revenue in Q2 FY22 increased 11.9% and 20.5%, respectively. Revenues inconstant currency terms grew by 19.4% YoY and 6.3% QoQ. Operating margin for the quarter stoodat 23.6%, a decline of 1.8% YoY and 0.1% QoQ. Infosys said its revenue guidance for FY22 is revisedupwards to 16.5%-17.5%. Margin guidance is retained at 22%-24%.

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LME Cancelled Warrants

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