Morning Alerts
Morning Alert..
*Logistics, defence see MoUs worth Rs 16,400 crore in Uttar Pradesh*
The Uttar Pradesh (UP) government has signed memorandums of understanding (MoUs) worth nearly $2 billion (about Rs 16,400 crore) with North American companies in the logistics, defence, and aerospace sectors. The agreements were inked recently with the companies incorporated in the US and Canada, a senior government official said. US-based Mobility Infrastructure Group will invest Rs 8,200 crore in logistics projects, expected to generate 100 fresh employment opportunities. Canada-based QSTC will also pump in Rs 8,200 crore in defence and aerospace projects, creating 200 jobs. The government is looking to showcase the state’s military hardware manufacturing potential as well as the UP Defence Corridor at the UP Global Investors’ Summit (GIS) 2023 in Lucknow during February 10-12. The event is likely to attract defence manufacturers from the US, Europe, Russia, the UK, Sweden, France, Israel, and Germany.
*FDI inflows likely to improve in coming months, says DPIIT official*
Banks, financial institutions (FIs), and newly established National Bank for Financing Infrastructure Development should play a proactive role in financing projects under the National Infrastructure Pipeline (NIP) to avoid crowding out of private investment, Vivek Joshi, secretary at the Department of Financial Services (DFS), said on Thursday. “There is a need for a proactive and strategic approach to be adopted by the banks, FIs, and Development Finance Institutions (DFIs). It is only then that the crowding out of investments can be avoided and projects of national importance will be able to access timely and reasonable financing,” Joshi said at the foundation day event of IIFCL. On December 31, 2020, Finance Minister Nirmala Sitharaman had unveiled the NIP report setting out a capital expenditure plan of Rs 111 trillion for the next five years.
*Green hydrogen manufacturing to come under PLI scheme: R K Singh*
The Centre will bring in a production-linked incentive (PLI) scheme in coming months to give impetus to manufacturing of green hydrogen and its key component electrolyser, Union Power, New, and Renewable Energy Minister R K Singh said on Thursday. The minister was speaking a day after the Union Cabinet approved an initial outlay of Rs 19,744 crore for the National Green Hydrogen Mission. One of the key tenets of the mission is allocation of Rs 17,490 crore for strategic interventions for green hydrogen transition (SIGHT) programme. Under SIGHT, there will be two financial incentive mechanisms for the domestic manufacturing of electrolysers and the production of green hydrogen. “We would provide incentive through a PLI scheme. We are aiming to make India the most competitive source of green hydrogen in the world,” Singh said, adding that 15 gigawatt (Gw) of electrolyser capacity would be needed to meet the annual 5 million tonne production target of green hydrogen.
*Commodity play*
Gold – Rs 55545/10gm, Silver – Rs 67216/kg, Brcrude – Rs 5946/barrel, Degumsyoil – Rs 1296/10kg, Copper – Rs 716/kg.
*Corporate News*
Capital infusion in Vodafone Idea under discussion: Ashwini Vaishnaw.
TCS pushes the pedal to get self-driving cars on road with new algorithms.
Sebi nod to reclassify govt holding in IDBI Bank as ‘public’ after sale.
SGX Nifty indicates flattish start to Indian markets trading at 18060 levels down by 0.02% or 4.5 points. Dow Jones ended yesterdays session in red down by 1.02% at close.
Sector in focus – Chemicals, Telecommunications, Bank & Real-Estate.
Corporate Action
Corporate Actions
K P Energy has considered and approved the proposal of Sub-Division/ Split of existing 1 (One) Equity Share having face value of Rs. 10/- each, fully paid-up into 2 (Two) Equity Shares having face value of Rs. 5/- each fully paid-up, subject to the approval of the Shareholders.
VLS Finance has approved the buyback of Equity Shares at a price not exceeding Rs. 200/- per Equity Share, up to an aggregate amount not exceeding Rs. 70 Crores from the open market through the stock exchange.
*Dividend*
*11-Jan-23*
WELENT: Special Dividend – Rs. – 7.50
*IPO*
—
*Buyback*
Jagran Prakashan: Ex-Date: 06-Jan-23
Softsol India: Ex-Date: 13-Jan-23
Dhanuka Agritech: Open: 26-Dec-22; Close: 06-Jan-23
*Bonus*
Rama Steel Tubes: Bonus Issue 4:1; Ex-Date: 06-Jan-23
Globe Commercials: Bonus Issue 1:1; Ex-Date: 06-Jan-23
KPI Green Energy: Bonus Issue 1:1; Ex-Date: 18-Jan-23
*Stock Split*
Supreme Petrochem: Stock Split From Rs. 4/- to Rs. 2/-; Ex-Date: 06-Jan-23
Rajnish Wellness: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 10-Jan-23
Vishnu Chemicals: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 13-Jan-23
*Rights Issue*
Indowind Energy: Ex-Date: 13-Jan-23
Hatsun Agro Products: Open: 19-Dec-22; Close: 09-Jan-23
RSWM Ltd: Open: 23-Dec-22; Close: 06-Jan-23
Anjani Portland Cement: Open: 30-Dec-22; Close: 19-Jan-23
Indowind Energy: Open: 27-Jan-23; Close: 10-Feb-23
*Amalgamation*
Pioneer Distilleries: Ex-Date: 06-Jan-23
Stock in Action
HDFC Bank ltd: HDFC Bank has reported a 19.5% YoY growth in advances in the 3QFY23 to Rs 15.07 trillion. This growth was spurred by domestic retail loans which grew 21.5% and commercial and rural banking loans by 30% YoY. Sequentially, HDFC Bank’s credit growth was 1.8%, with retail, commercial, and rural banking loans growing 5% over the July– September quarter. Meanwhile, the corporate and wholesale loan book has grown 20% YoY and fallen 1% sequentially. Interestingly, HDFC Bank’s deposit book has grown around 20% YoY and 3.6% sequentially to Rs 17.33 trillion in Q3FY23. HDFC Bank’s strong deposit growth is sharp contrast to what the overall banking system is reporting with a big gap between deposit growth and credit growth. Post such strong deposit growth, HDFC Bank’s incremental deposit market share could be closer to 25% in deposits, compared to an outstanding market share of 10%. HDFC Bank is gaining significant market share, even from its larger private sector peers. That retail and commercial/rural banking is growing faster and the bank is focusing more on retail deposits and letting go of high-cost wholesale deposits imply that margins are unlikely to come under any pressure due to lower CASA growth. Positive on HDFC Bank given its strong retail franchise and healthy balance sheet and sustainable growth.
ZF Commercial Vehicle Control Systems India Ltd: The key trigger for ZF Commercial is the domestic CV demand from original equipment manufacturers or OEMs and growth in the replacement segment. The CV segment continues to be the best performer within the auto segment. Even as most domestic firms reported a fall in sales, M&HCV segment saw double-digit growth. The automotive industry is expected to witness a low double-digit growth in the FY23, while the M&HCV segment would outperform, with 40%+ volume growth in FY23. This should be aided by volume growth in Q4 which is seasonally the strongest quarter. Over the medium term, pick up in construction/mining activities and new infrastructure projects could drive further gains. ZF India is focussing on advanced driver assistant systems, electronic stability/braking programs, telematics and connectivity, and electronic compressors. The expected AIS 140 regulations (from FY24) for passenger CV systems would help it improve its content per vehicle and deepen customer penetration. ZF commercial continues to be a key beneficiary of the current CV upcycle in India, with input commodity softening and improving exports to aid scale and margin revival. Further, it plans of spending Rs 1,800 crore capex for higher exports and product innovation is also expected to offer it revenue visibility. Positive on ZF Commercial Vehicle given strong growth prospects for the domestic CV segment, softening commodity prices, higher exports, and regulatory tailwinds.
When performing this train, stand with a dumbbell in a single hand and execute a fly movement while maintaining the arm straight to give consideration to partaking the
chest muscular tissues. Include a variety of chest dumbbell workouts standing to target totally
different areas of the chest and construct overall strength.
Learn on for detailed instructions and recommendations on how to carry
out these exercises successfully. With over a decade
of power coaching experience, I’ve seen firsthand how incorporating standing dumbbell workout routines
for the chest can remodel both aesthetics and practical strength.
The seated two-arm overhead dumbbell triceps extension is an isolation exercise that’s nice for building and strengthening your triceps brachii.
The dumbbell sumo squat exercise can be straightforward in your lower again, which makes it appropriate for individuals who undergo from decrease back pain. If you’re a beginner, I would recommend you do this
dumbbell push-up in your knees. With the arms locked
into place, you can better focus on the muscle contraction and mind-muscle connection.
It is a highly effective full-range exercise that can be
utilized to develop an enormous peaked bicep.
Push-ups successfully engage the upper chest muscles, offering a substitute for dumbbell exercises.
The Dumbbell Z Press carried out while sitting on the ground with legs extended straight ahead.
This exercise primarily targets the shoulder muscular tissues
(deltoids), triceps, and upper back. Adding weights to your arm exercises at home or the fitness center can sculpt your biceps
and triceps sooner than just physique weight.
Dumbbell exercises usually are not as efficient as barbells and machines for
gaining energy. All you must do is carry out the dumbbell quadriceps workouts constantly and consume the needed macros for muscle building.
This exercise routine will allow you to prepare your
large muscle group twice a week, such as the again, legs, and chest.
Coaching massive muscle tissue twice per week helps construct muscle and improves physique over time.
The seated dumbbell tricep extension is an easy and efficient train for concentrating on the tricep muscle and may be simply integrated into any exercise routine.
It stands out from the group relating to the best
dumbbell exercise for shoulder muscular tissues with the greatest range of movement.
In this exercise, you raise a pair of dumbbells utilizing your shoulders and make
a shrugging movement whereas keeping your arms straight.
Dumbbell shrugs are an isolation train that targets the upper trapezius muscle.
It is positioned on the prime of your back and is responsible
for shoulder elevation and neck support.
It also works the quick head of the triceps, which will help you construct examine arms.
I’m Murshid Akram, a private trainer, health blogger, and
founding father of thefitnessphantom.com. I primarily design workout
plans and share science-based and sensible info that may help you turn into stronger,
functional, and more healthy. Having a set
of dumbbells and a weight bench is enough to build a good
physique at home. The Dumbbell twist is an isolation train that works the indirect muscular
tissues of the core. It is a variation of
the wooden chop that’s used to strengthen the core muscle tissue, especially the obliques.
If you’re a beginner, you can practice the movement with your body weight alone.
This helps to isolate the anterior deltoid muscle tissue and scale back the involvement of other muscle teams.
They also hit all of the rotator cuff muscular
tissues, together with the infraspinatus, subscapularis, teres minor, and supraspinatus muscles.
This exercise, inspired by our primate cousins, packs a robust punch,
focusing on not only your lats, but additionally your traps, rhomboids, and core.
The susceptible position prevents you from utilizing momentum, so the back muscle tissue do most of the work.
It is helpful for correcting or preventing muscle imbalances between the left and proper
sides of the chest. With clear pictures and easy-to-follow directions, you’ll study
correct lifting methods and type to get the best outcomes.
With a pair of dumbbells and no additional tools, you possibly can obtain a toned physique at home or in the fitness center.
References:
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