Good Morning • High Gas Prices Force India to Rethink Energy Transition Plan • Gas Squeeze Has India Requesting Cargoes Not Wanted in 2015 o Buyers are competing for limited supply amid global crunch • Asia’s Oil Importers Sound Growing Alarm Over High Crude Prices • India Oil Min: High Oil Price Can Hurt Global Economic Recovery • Citigroup’s India Retail Assets Said to Draw Kotak, HDFC, ICICI • LumiraDx’s Covid Test Gets Emergency Use Approval in India • Asian Paints to Report Results; Shares Up 15.8% YTD: Preview • Global Funds Sell Net INR18.4B of India Stocks on Wednesday: NSE o Domestic funds sell net 16.8b rupees of stocks • Foreign Funds Buy Net INR487.5M of Indian Equities Over Two Days • Foreigners Sell Net INR40.9B Indian Equity Derivatives Wednesday • India needs to become a global power to defend itself: Gadkari: PTI • Jaishankar discusses expanding academic research between India and Israel with education experts: PTI • Future Must Take Part in Amazon Arbitration, Panel Says: Rtrs • Bharat Gears (BG): Approves offering of 1 share for 10 on rights basis at INR105/shr • Havells India (HAVL): 2Q net income -7.1% y/y to 3.02b rupees, beats est. 2.91b; Revenue +31% y/y to 32.2b • Jindal Stainless Hisar (JSHL): Commissions phase1 of specialty division, adds 26,000 tons/yr precision strip capacity • L&T Finance (LTFH): 2Q net income 2.24b rupees vs. 2.65b Y/y; Revenue -11% y/y to 30.5b • Shoppers Stop (SHOP): 2Q net loss 35.8m rupees, Revenue 6.42b vs.
