Global News.

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• Omicron Impact on India’s Economy Maybe Short-Term: RBI Bulletin

• Billionaire Mittal Urges OTT Firms to Invest in Digital Networks

• India’s Oyo Is Said to Target $9 Billion Valuation in IPO

• Devas Multimedia Loses India Case Against Winding Up Orders

• Tesla Wooed by India States After Elon Musk Flags Challenges

• India Said to Plan $19 Billion in Fertilizer Subsidy in Budget

• RBI Converts INR59B Short Bonds to Long Debt, Less Than Planned

• Global Funds Sell Net INR8.55B of India Stocks on Monday: NSE

o Domestic funds sell net 1.15b rupees of stocks

• Foreign Investors Sell Net INR25.75B of Indian Equities Jan. 14

• Foreigners Buy Net INR1.85b of Indian Equity Derivatives Monday

• Gold Steady as Investors Weigh Policy Outlook Against Omicron

• Coal minister launches new R&R policy of NLC India: PTI

• India’s economy set to improve over next 12 months, PwC says: PTI

• Birla Corp (BCORP): Says unit commissions captive power plant in Maharashtra

• Cholamandalam Investment (CIFC): To invest up to 4.5b rupees in Payswiff Technologies, to hold 72.12% stake on diluted basis

• Dilip Buildcon (DBL): Says Yavatmal-Wardha four-laning project completed; separately say four eployees taken in custody by CBI released

• HFCL (HFCL): Approves 4.25b rupees spending plan for adding capacity

• Infibeam Avenues (INFIBEAM): To consider free shares issue at Jan. 31 meeting

• Sonata Software (SSOF): 3Q net income INR977m vs 538m y/y; revenue +33% y/y to 18.6b

• Strides Pharma (STR): Gets FDA approval for Oseltamivir Phosphate

• Tata Power (TPWR): Tata Power Renewables commissions 100MW solar PV projects

• Tech Mahindra (TECHM): Acquires European IT Firm Com Tec Co for $354M

• ZF Steering Gear (ZFSG): Terminates 74 employees at Pune factory