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🇮🇳Business News Headlines
Economic Times
Ø India, France and Australia to hold Trilateral talks
Ø Government ropes in Quality Council for Grain management
Ø Karnataka Bank targets over Rs 1.42 Lakh Cr business turnover in FY22; says digital the way forward
Ø Government gives nod to 422 Ethanol Projects, likely to attract investment of Rs 41,000 Crore
Ø Tiger Global raises its Thirteenth Global fund of $6.65 Billion
Ø Gold rises over 1% as dollar, yields retreat
Business Standard
Ø India has not imposed any Export ban on Covid-19 Vaccines, says MEA
Ø Equity Mutual fund flows turn positive after a gap of nine months
Ø 99.99% RIL shareholders cast votes in favour of O2C biz demerger
Ø Green energy arm of NTPC to raise Rs 2,100 crore through term loan
Ø EV Scooter-maker Ather Energy aims to treble capacity by end of next fiscal
Ø GramCover plans to be one-stop shop for rural insurance needs: CEO Bhatt
Ø Catamaran Ventures in talks to invest in B2B e-commerce platform Udaan
Ø Rail Land Development Authority puts seven land parcels on auction
Ø India's Forex Reserves decline by $2.98 Billion to $579.28 Billion
Ø China's financial regulators draft tougher rules for too-big-to-fail banks
Ø Record GST collection due to recovery, increased compliance: Revenue Secy
Financial Express
Ø Coal India Ltd output falls for second year in a row in FY21
Ø Dalmia Bharat receives securities worth Rs 344 cr back from IL&FS Securities
Ø Adani Enterprises signs pact with MAHAGENCO for operation of coal mine in Chhattisgarh
Ø Paradip port handles record 114.55 mmt of cargo in FY21; PBT up by 6pc
Ø Bharat Road Network inks pact with Cube Highways for sale of stake in Ghaziabad Aligarh Expressway
Ø SAIL clocks best quarterly sales at 4.27 MT during Jan-Mar quarter
Ø Green energy push: Airtel commissions captive solar power plant for data centres in UP
Ø Jammu and Kashmir posts 2.94 pc growth in GST collections in FY21
Ø India pitches for easing cuts in Crude oil production
Ø Sebi orders attachment of bank, demat accounts of Alchemist Holdings, 3 others
Ø Tatva Chintan Pharma Chem files Rs 450-cr IPO papers
Mint
Ø Govt issues new deadlines for Thermal power plants to meet emission standards
Ø Government looks to reduce compliance in education sector
Ø Diagnostics chain Krsnaa plans to launch ₹1,200-crore IPO
Ø Quick launches, lower costs make e-commerce attractive for FMCG firms: Report
Ø IRDAI standardizes technical notes for health, motor insurance policies
Ø Tesla's quarterly deliveries smash previous record, beat estimates
Ø IIT Delhi reduces Carbon footprint by 50%
Ø US State Dept confirms plans for indirect talks on Iran nuclear deal
Ø Ethereum tops $2,000 to hit six-week high; Bitcoin struggles to hold $60,000
Ø US added 916,000 Jobs in March, unemployment rate falls to 6%
Ø PNB looks to hire non-judicial member to seek advice on compromise, write-offs
🇮🇳Business News Headlines
Economic Times
Ø Govt extends current Foreign Trade Policy till September
Ø Government mops up Rs 32,835 Crore from disinvestment in FY21, exceeds RE target
Ø Non-food bank credit offtake slows to 6.5% in February
Ø India records current account deficit of 0.2% in December Quarter
Ø Govt decides not to offer soft loans under SDF to sugar mills for a year
Ø Printing of QR code on B2C invoices deferred till July 1
Business Standard
Ø Govt to infuse Rs 14,500 Crore in 4 banks, issue recapitalisation bonds
Ø Benchmark indices end FY21 with a gain of 70%, most since 2009-10
Ø Govt cuts interest rates on small savings schemes effective from April 1
Ø Govt to borrow Rs 7.24 Trn, or 60% of planned amount, till September
Ø Gas price for ONGC remains at decade low of $1.79, falls 11% for RIL-BP
Ø RBI extends deadline for processing auto-debit payments by 6 months
Business Line
Ø Indraprastha Gas signs 10-year supply pact with DTC
Ø Labour Codes implementation to be delayed further
Ø Vedanta looking to partner with govts to set up copper-smelter complex worth ₹10,000 cr
Ø Shapoorji Pallonji Group's ₹10,900 cr one-time debt recast plan gets lenders nod
Ø M&M's Japan subsidiary collaborates with Kubota
Ø Piramal Pharma Solutions acquires Hemmo Phama
Mint
Ø RBI orders forensic audit of Mobikwik systems after data breach allegations
Ø India extends import duty exemption for export enclaves by another year
Ø Apple’s manufacturing partners pledge to use 100% renewable energy
Ø Sterling & Wilson Solar promoter Daduvala offloads 5% stake worth ₹200 Crore
Ø Govt to borrow $99bn in 1st half of next fiscal year: Economic Affairs Secretary
Financial Express
Ø Govt keeps domestic natural gas price unchanged at $1.79/mmBtu
Ø Indian Railways freight loading in FY21 surpasses FY20-level
Ø 6-digit HSN code mandatory in invoices for biz with over Rs 5 Crore turnover
Deccan Chronicle
Ø Germany halts AstraZeneca jabs for under-60s over clot risks
🇮🇳Business News Headlines
Economic Times
Ø Jio, Airtel and Vi Pay Rs 5,000 Crore AGR dues for March quarter
Ø US Treasury yields rise, but hold below recent highs
Ø Sugar Sector Growth likely to improve in Q4FY21, says Indian Ratings and Research
Ø India's coal import drops 14 pc in Apr-Feb FY21
Ø Over 4 Cr old vehicles on Indian roads, Karnataka tops list at 70 lakh
Ø Adani, Torrent submit EOIsfor South East UP Power Transmission Company
Ø 75% of Real estate developers offered discounts to attract buyers in 2020, says new survey
Ø Private sector can help increase funding options for rail infra: ICRA
Ø Shipping lines rerouting vessels as Suez remains blocked
Ø India’s highest Cyber Security office sets rules to identify trusted telecom gear vendors
Business Standard
Ø Strongly believe in India story, will continue physical expansion: KFC
Ø British ministers reject Sanjeev Gupta's bailout plea for $234 mn: Report
Ø Coal India to post marginal contraction in production in FY21: Report
Ø Cairn to seize overseas Indian assets to enforce $1.2-bn arbitration award
Ø After acquiring Bhushan Power, JSW Steel eyes Neelachal Ispat
Ø Life insurers shell out Rs 2,000 Crore as Covid-19 death claims, shows data
Ø Public procurement from GeM portal crosses Rs 1 trillion, says CEO
Ø Manappuram Finance looks to take MFI arm Asirwad Microfinance public
Ø Corporate affairs ministry facilitates tracking down of payments to MSMEs
Ø UK eases lockdown but nervously eyes European coronavirus surge
Ø Goldman Sachs Group sells over $10-billion stocks in block trades
Ø Insurance companies on hook for millions tied to Suez Canal crisis
Ø Amid Covid surge, RBI to opt for status quo in monetary policy: Experts
Ø Trai writes to key ministries, associations on new norms for bulk SMS
Ø Govt unlikely to continue with zero-coupon bond route to recap PSU banks
Financial Express
Ø BSNL gets DoT nod for hybrid 4G tender
Ø Banks to conduct special clearing operations for closure of government accounts on March 31: RBI
Ø Coal India likely to post marginal production Degrowth in FY21
Ø Flipkart corners nearly half of online smartphone market in 2020; online shipments hit highest-ever share
Ø 2020-21: Net tax receipts seen up by Rs 1.2 lakh crore over revised estimate
Ø J&K witnessed increase in total expenditure from 2014 to 2019: CAG
Ø Edtech platform Great Learning collaborates with Jain University
Mint
Ø Abu Dhabi wants to revolutionize how the Middle East sells oil
Ø Cadila’s investors hope for US growth, vaccine success
Ø India, South Korea agree to go for joint production, export of military hardware
Ø Indian-origin boy finds millions of years old fossil in UK garden
Ø India levies anti-dumping duty on bottle-grade PET from China
Ø Cochin Shipyard's shipbuilding facility in West Bengal to be operation by June
Ø Modernisation need of hour in agriculture sector: PM Modi
Ø Six crore Covid-19 vaccine doses administered in India: Government
Ø OTTs to invest ₹1,900 Cr in original content this year
🇮🇳Business News Headlines
Economic Times
Ø Energy Demand to be Higher in January-March, says India Ratings
Ø Govt begins process to appoint new whole-time members on Sebi board
Ø India's forex reserves rise to $582 Bn
Ø Indian Railways Finance Corporation raises funds at lower rate than government
Ø IDBI Bank board okays Rs 8,000 Cr bond borrowing limit for FY22
Ø Bank of India raises Rs 602 Crore by issuing Basel III compliant bonds
Ø JICA extends Rs 3,717 Crore loan for developing Metro Phase 2 in Bengaluru
Ø CAIT urges govt to issue fresh Press Note 2 to curb "arbitrariness" of foreign cos
Ø ISRO is doubly confident that Gaganyaan, Chandrayaan missions are on track, says K Sivan
Ø Tata Motors signs MOU with SBI for financing light commercial vehicles
Ø IndiGrid acquires NER-II Transmission for Rs 4,625 Crore
Ø BPCL sells 54.16% stake in NRL to OIL; 4.4% to EIL
Ø McNally Bharat Engineering bags Rs 278 crore order from Coal India arm
Ø JSW transfers Rs 19,350 cr to complete acquisition of Bhushan Power and Steel
Business Standard
Ø Tata vs Mistry: SC rules in favour of Tata Group, sets aside NCLAT order
Ø Media and entertainment industry likely to grow 25% in 2021: FICCI-EY
Ø Air India may get a new owner by June: Aviation minister Hardeep Puri
Ø Mahindra merges EV business with itself for simplifying business structure
Ø Godrej Properties sells 275 flats worth Rs 475 Crore in a day in Noida
Ø India, US agree to work towards resolving key bilateral trade issues
Ø Payments Corporation comes out with SOP to monitor volume cap for TPAPs
Ø Kalyan Jewellers, Suryoday SFB make tepid market debut, list at a discount
Ø Wabco, Den Networks' OFS fully subscribed; Hathway 40%
Financial Express
Ø HDFC Bank, SBI, others not adhering to norms on bulk SMSes, says TRAI; sets March 31 deadline for full compliance
Ø With Karvy boost, Axis Securities eyes number 2 slot by FY23
Ø ICICI Pru Life confident to double value of new business premium in FY23 over FY19
Ø Canara Bank receives e-bids for 14 lakh sq ft Supreme Business Park in Mumbai; reserve price Rs 1,370 Cr
Ø Centre can ask 10 pc more share in profits from Barmer block to extend PSC with Vedanta: HC
Ø Google, Info Edge Ventures, others put Rs 200 cr in IT startup DotPe
Ø PSB privatisation: RBI foresees four kinds of banks, in talks with govt
Ø IFFCO Kisan plans to expand a pilot project on advisory services, aimed at increasing quality, yield and income of farmers
Ø India’s Economy on path of gradual recovery: IMF
Ø Sebi comes out with new registration framework on transfer of business by intermediaries
Mint
Ø Curbs on PMC Bank extended till 30 June
Ø Centre plans to widen shot recipient net as cases soar
Ø Blockchain forensics startup Chainalysis raises $100 mln at $2 bln Valuation
Ø ISRO revises launch schedule of GISAT-1 after 'minor issue' with satellite
Ø Over ₹5,300 Crore GST evasion detected from Delhi in FY21
Ø Parle Agro to pump ₹240 Cr in high decibel Summer advertising
Ø Intercell partners with ISBM University, ISBM and A to provide virtual mentoring
🇮🇳Business News Headlines
Economic Times
Ø BPCL Disinvestment Process moving on well, to conclude sale by Sept-end: DIPAM Secy
Ø Reliance Retail tells govt E-commerce Players bypassing Foreign Investment norms
Ø Targetting investment from 1,000-odd cos including Tesla: Industry Secy
Ø Amazon calls on India not to alter E-commerce investment rules: Sources
Ø Edelweiss Infrastructure Yield Plus acquires stake in Engie’s Solar Assets in India
Business Standard
Ø Sebi to set up fund to buy Stressed Corporate Bonds : FM Sitharaman
Ø Second Covid wave unlikely to derail India's growth: RBI Governor
Ø Govt launches auctions for second tranche of Commercial Coal Mining
Ø Mukesh Ambani sees a 'Tsunami of opportunities' for Entrepreneurs
Ø BSNL, MTNL to get spectrum for 5G services without participating in auction
Ø Sebi eases listing norms for startups; alters regulations on delisting
Business Line
Ø ONGC must scale up exploration activities: Ministry
Ø Hitachi ABB Power upbeat on energy transition in India
Ø Tata Cleantech secures up to 10 bn yen loan from JICA
Ø NMDC plans ₹3,000 Crore Capex, targets 42 MT iron ore output next fiscal
Ø Droom aims to list on the NASDAQ in H2 of 2022
Ø Disclose all cryptocurrency dealings, MCA to India Inc
Mint
Ø Sebi to relax rules for reclassification of promoter as Public Shareholder
Ø India going to be epicentre of global growth, transformation: Mukesh Ambani
Ø Laxmi Organic ends at 26% premium, Craftsman makes tepid debut
Ø Barbeque Nation IPO subscribed 1.98 times on Day 2
Ø Byju’s to raise $600-700 Million at nearly $15 Billion valuation
Financial Express
Ø India poised to play “decisive role” in 5G era: TRAI Secretary
Ø Normalcy restored for resolution of stress under IBC: Sahoo
Deccan Chronicle
Ø Indian economy's revival seen 'unabated' despite infection surge: RBI governor
Ø Regulation should not constrain innovation in fintech space: RBI Governor
🇮🇳Business News Headlines
Economic Times
Ø Capacity utilisation at RIL and a few State-run refineries declined in February
Ø Gold imports slip 3.3 % to USD 26.11 Billion in April-February
Ø 449 Infrastructure Projects show cost overruns worth Rs 4.29 Lakh Crore
Ø Future Group moves division bench of Delhi High Court against order stalling deal with Reliance
Ø Reliance affiliate picks 3/4th of gas from own CBM block at $6 Price
Business Standard
Ø Overall exposure of debt mutual funds to NBFCs below 10%: CARE Ratings
Ø At $36 Bn, FPI inflows into equities at record high since FY13: RBI report
Ø Saudi Aramco's $75-bn dividend survives oil and earnings rout
Ø Banks to send more cases to bankruptcy courts even as old ones lie stagnant
Ø Airtel adds 6.9 Million active users in January, extends gain: TRAI data
Business Line
Ø Haldia Petro taking over NOCL breathes life into region
Ø As Aramco’s Profit plunges 44.4% in 2020, a deal with Reliance looks tougher
Ø Zaara Biotech bags $10 Million investment from UAE firm
Ø Industry divided over proposal to tweak FDI policy in e-commerce
Ø Gail buyback offer rakes in ₹747 Crore
Mint
Ø Aramco likely to partner with China on blue Hydrogen, CEO
Ø China's economy is continuing steady recovery this year, vice premier says
Ø Cargo Traffic at 12 Major ports falls for 11th month in Feb
Ø Skoda to challenge Japanese, Korean automakers with India 2.0 strategy
Ø 'Serum Institute to delay further vaccine shipments to Brazil, Morocco, Saudi'
Financial Express
Ø Household debt soars to 37.1% of GDP, savings plunge 10.4% in Q2: RBI report
Ø Taxpayers can use ITC to discharge GST dues for March: Finance Ministry
DNA
Ø Brazil watchdog fines Apple Rs 14.4 Crores for not including charger with iPhone 12 series
🇮🇳Business News Headlines
Economic Times
Ø RBI strengthening institutional mechanism to prevent bank frauds: FM
Ø Bharat Forge forms special purpose vehicle to hold its EV business, future acquisitions
Ø CSR funds not used for implementing govt schemes: MoS Finance
Ø 40% more jobs generated in current fiscal under MGNREGA: Govt
Ø India's exports during March 1-14 up 17% at USD 14 billion
Ø Performance of unsecured loans worsening, says India Ratings
Business Standard
Ø Cabinet clears Bill on setting up DFI with capital infusion of Rs 20,000 cr
Ø IOC to sell hydrogen plants to monetise non-core assets
Ø Google halves Play billing fee to 15% for developers on first $1 mn revenue
Ø Carlyle to sell 4% stake in SBI Cards
Ø Ind-Ra revises fiscal year 2022 steel sector outlook to stable
Ø Bain Capital-owned Diversey aims for $6.38 billion valuation in US IPO
Ø Icra upgrades Titan's long term rating to 'AAA' with stable outlook
Business Line
Ø Govt notifies vehicle recall policy, to be effective April 1
Ø French shipping group ‘calls off’ plan to sell stake in Mundra terminal to Chinese firm
Ø BPCL bets on clean energy, to hike share of gaseous fuel in total sales
Ø IOCL declares ₹3 second interim dividend
Ø Gland Pharma inks pact to supply 252 million doses of Sputnik V vaccine
Ø GMM Pfaudler buys assets of HDO Technologies in liquidation
Mint
Ø IndiGrid plans to raise up to ₹5,300 cr through term loans, NCDs
Ø Goldman, Cerberus buy rare Indian junk-bond by Kesoram Industries offering 21%
Ø Wipro, Tech Mahindra collaborate with Finnish firms to develop 5G in India
Ø Suryoday Finance Bank raises ₹170 cr from anchor investors ahead of IPO
Ø Godrej Properties raises ₹3,750 crore via QIP issue
Ø Piramal Capital to raise up to ₹3,000 crore via NCDs
Financial Express
Ø Rs 3 lakh cr boost for infra development: Cabinet OKs DFI, govt to leverage pension, sovereign funds
Ø TCS launches platform to secure enterprises from cyber risk
Deccan Chronicle
Ø Nationwide bank strike continues to impact PSB services on Day 2
Ø A dozen countries suspend AstraZeneca shots over fears of blood clots
🇮🇳Business News Headlines
Economic Times
Ø Tesla in talks with Tata Power for EV charging infrastructure: Report
Ø Civil Aviation ministry working on demand to bring jet fuel under GST: Kharola
Ø Posco's Steel plant in India faces disruption, hampers auto supply chain
Ø SBI Cards gets board's nod to raise up to Rs 2,000 cr via Bonds
Ø NHPC pays to govt Rs 891 Cr as interim dividend for FY21
Ø Laxmi Organics raises Rs 180 Crore from anchor investors ahead of IPO
Ø $28.75 Billion actual Global Investment vs $153.7 Billion indicated till March 4: Govt
Ø Saudi cuts April Crude for some Asian refiners, maintains India supply: Sources
Ø Microgravity, a VR-AR gaming firm, raises $1.2 million in seed funding
Ø Airtable seeks to nearly double its valuation in new funding round
Ø KKR in talks to pick up 53% stake in Vini Cosmetics
Business Standard
Ø Retail inflation jumps to 3-month high of 5.03% amid rise in fuel prices
Ø India's Industrial Output slips back into negative territory in January
Ø Finance ministry asks Sebi to revoke 100-year maturity rule on AT1 bonds
Ø BNP Paribas Cardif offloads 5% in SBI Life via open market sale
Ø Tata seeks CCI nod to acquire up to 64.3% stake in BigBasket
Ø Adani Transmission wins Rs 1,300 Crore Power transmission project in MP
Ø Amazon invests Rs 225 Cr in India digital payments arm to scale up presence
Ø SpiceJet is offering Rs 299 Covid tests to get people flying again
Ø Debt worth Rs 30,000 Crore for wind power projects faces risk
Ø FinMin to soon infuse Rs 14,500 Cr in banks under PCA: Report
Ø America is coming back, says Biden, as he signs off on $1.9-trn stimulus
Ø Number of industrial investment proposals at record low in 2020, shows data
Financial Express
Ø RBI asks lenders to report restructured accounts to credit bureaus
Ø Essar Power Jharkhand assets to be auctioned on March 19
Ø JSPL Output jumps 18 pc to 6.53 lakh tonnes in February
Ø Trai gives 3 days’ time to entities for complying with telemarketing rules
Ø AGC Networks to acquire stake in Z Services HQ DMCC for $3.94 million
Ø Korea’s LG to invest USD 4.5 billion in its US battery business
Ø 50 Lakh gig workers under ESIC to be brought under social security net
Ø India imposes Anti-Dumping duty on Chinese Antibacterial drug Ciprofloxacin Hydrochloride
Ø Forex reserves fall by $4.255 Billion to $580.299 Billion
Ø DGGI Nagpur unit busts fake GST invoice network in Delhi-NCR
Ø UK GDP shrinks 2.9% amid COVID lockdown; Brexit cuts exports
Mint
Ø Retail loans rebound as mortgages get cheaper
Ø CleanMax Solar ventures into wind-solar hybrid space
Ø Indian Railway surpasses last year cumulative freight loading
Ø Greece extends COVID-19 curbs to contain rising cases
Ø Nitin Gadkari asks domestic auto industry to adopt Make in India
Ø India's Palm oil imports drop 27% in Feb: SEA
Ø Sequoia-backed India's Stanza Living in final stages of raising up to $120 mn
Ø Bengaluru airport launches 200,000 sq.ft dedicated Express Cargo Terminal
Ø Apple could reach a $3 Trillion market Valuation, Analysts say
Ø Gold dips 1% as US Dollar and yields regain footing
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🇮🇳Business News Headlines
Economic Times
Ø India Inc's Business Confidence highest in decade: FICCI Survey
Ø ArcelorMittal to invest over Rs 50,000 Crore in Gujarat: Vijay Rupani
Ø Sanjay Singal files fresh plea seeking stay on BPSL deal even as JSW starts financing process
Ø Future Group's Kishore Biyani to launch US-based Terra chips in India
Ø Cairn wants India to honour its word and pay $1.4 Billion, Shareholders to seek enforcement
Business Standard
Ø Govt proposes to hike in LIC's authorised capital to Rs 25,000 Cr
Ø Cairn wants India to pay $1.4 Bn, shareholders to seek enforcement
Ø MFs withdraw Rs 16,306 Cr from equities in February on profit booking
Ø Amalgamation has led to all-round gains for merged entity: Indian Bank MD
Ø RINL expects Rs 1,000 Crore from sale of 22-acre land in Visakhapatnam
Business Line
Ø RIL to continue acquisition spree in 2021
Ø India Inc's overseas direct investment declines 31 per cent to $1.85 Bn in Feb
Ø FDI in computer software, hardware recorded at $24.4 billion during April-December 2020
Ø Area under paddy, oilseeds up as summer acreage gains 22%
Ø Ola plans to invest $2 Billion in TN two-wheeler factory
Ø Thomas Cook India sees growth in MICE segment as Covid vaccines roll out
Mint
Ø FPIs turn net sellers in Indian markets, pull out ₹5,156 Crore in March so far
Ø India-Australia trade agreement gathering momentum under Morrison: Report
Ø Warburg Pincus to invest ₹800 Cr for 0.49% stake in Adani Ports
Ø Britain will iron out technical issues with EU, says PM Johnson
Ø Parliament to commence second part of Budget Session
Financial Express
Ø Govt to tread cautiously in allowing nano-zinc and nano-copper crop nutrients
Ø Copper end-users urge Tamil Nadu govt to work out solution to restart Tuticorin plant
Deccan Chronicle
Ø Chinese cyber-espionage unit on US hacking spree: report
Ø India top over-performer in frontier technologies
🇮🇳Business News Headlines
Economic Times
Ø Adani Ports acquiring Warburg Pincus affiliate’s stake in Gangavaram Port
Ø India's YoY Sugar Production till Feb jumps 20%: ISMA
Ø India regains top slot in Honda’s Global two-wheeler sales
Ø MDL pays dividend of Rs 92.56 Cr to Def Min
Ø Airtel raises USD 750 Mn via allotment of unsecured senior fixed rate notes
Ø Franklin Templeton under ED scanner
Business Standard
Ø Cabinet nod to pact between India, Fiji for co-operation in agri sector
Ø Sebi asks bourses, clearing cos to put in place mechanism to prevent fraud
Ø US Private payrolls rise less than expected in February, shows data
Ø OPEC+ are considering oil output roll over for April: Report
Ø NCLT upholds Doha Bank plea, Reliance Infratel to get 100% recovery
Business Line
Ø No Automatic renewal of slots for Jet Air: Ministry
Ø ICAI finds First Leasing auditors guilty of ‘professional misconduct’
Ø Renault begins sale of new SUV Kiger; delivers over 1,000 Units on Day 1
Ø Chinese company CRRC begins work on Metro Coach factory in Sri City
Ø Auto Component sector’s demand outlook upbeat for FY22
Mint
Ø Bajaj Electricals, Mahindra Logistics sign ₹1,000 Crore Project
Ø Samsung details plans for $17 Billion chip facility in US
Ø Policybazaar.com IPO in 12-15 months; firm gets capital boost from Bay Capital
Ø Sebi cancels Sahara India Financial Corp's registration as sub-broker
Ø UK to hike corporation tax to 25% from 19% from 2023, says FM Sunak
Financial Express
Ø With $4.9 Billion inflows so far in 2021, India continues to attract FPIs
Ø Govt mulls hiking MSP for Jute
Deccan Chronicle
Ø BPCL to sell NRL stake to OIL, EIL for Rs 9.9K cr
Ø Indian Economy in +ve zone, grows 0.4%
🇮🇳Business News Headlines
Economic Times
Ø Privatisation to boost investment: India Inc
Ø 5G deployment could boost GDP by $150 Bn
Ø Country will have few PSUs but with solid presence, says FM Nirmala Sitharaman
Ø India extends anti-dumping duty on melamine, vitrified tile imports from China
Ø Indiabulls Real Estate, Embassy Group aim to complete merger by December end
Ø Country will have few PSUs but with solid presence, says FM Nirmala Sitharaman
Business Standard
Ø India's fiscal position to remain weak even as deficit improves: Moody's
Ø Merck to buy drug developer Pandion Therapeutics for $1.85 Billion
Ø US government revises fourth quarter GDP up slightly to 4.1%
Ø Kalrock-Jalan consortium to invest Rs 1,375 Crore in debt-laden Jet Airways
Ø RBI's asset purchases did not dilute its balance sheet: Governor
Ø Mahindra sells its entire stake in First Choice Services to TVS Automobile
Business Line
Ø Stable outlook for Indian corporates: Moody’s and ICRA
Ø AL buys Nissan’s 38% stake in Hinduja Tech for ₹70 crore
Ø Airtel successfully makes debt fund raise of $1.25 billion
Ø Telecom sector revenue growth recovers to pre-Jio entry levels
Ø Dixon Technologies seeks land to set up electronics unit in Karnataka
Ø 66 FPOs onboarded to Unified Market Platform
Mint
Ø IRDAI withdraws circular on dividends for FY20
Ø Bank of Baroda launches ₹4,500 cr share sale
Ø Ravi Deol’s Inbrew acquires Molson Coors’ India biz
Ø Suzuki Motor to promote hybrids, EVs; strengthen SUV segment in India
Ø Heranba Industries IPO subscribed 83 times on the last day of bidding
Ø Moderna sees $18.4 billion in sales from COVID-19 Vaccine in 2021
Financial Express
Ø Govt to consider up to 20 times incremental sales value for computing telecom PLI
Ø Retail loans to remain most affected due to pandemic: Moody’s
Deccan Chronicle
Ø Govt announces guidelines to regulate social media, OTT platforms and digital news
Ø Nirav Modi loses extradition fight, UK judge rules he has case to answer in India
🇮🇳Business News Headlines
Economic Times
Ø Iraq decides to freeze Oil Prepayments deal as Oil prices rising
Ø Government may consider Oriental Insurance or United India for Privatisation
Ø India-UK bilateral relations to touch new high post Covid: Report
Ø CPSE Strategic sale: Govt makes security clearance mandatory for all bidders
Ø Maruti looking to cash in on increased demand for CNG vehicles
Ø Muthoot Homefin plans to disburse Rs 700 Cr Home Loans in FY22
Business Standard
Ø Global IoT Semiconductor Component market to hit $80 bn in 2025
Ø India set to have 150 Unicorns, $1 Bn Startup funding deals: Experts
Ø Cairn says it is looking for mutually 'acceptable' solution to tax dispute
Ø Marico expects mid-teen Volume Growth in next couple of quarters
Ø 448 Infra projects report cost overrun of Rs 4.02 trn; 539 behind schedule
Ø India's Smartphone market set to cross Rs 2-Trillion mark in 2021: IDC
Business Line
Ø Torrent Power highest bidder to buy 51% in Dadra & Nagar Haveli and Daman & Diu discoms
Ø Fairfax’s Prem Watsa cast eyes wider on India infrastructure
Ø MNCs keen on IOC tech for converting CO2 into Omega-3 fatty acids and lipids
Ø Vodafone Idea loses 5.7 million customers in December
Mint
Ø Jalan-Kalrock consortium plans to keep Jet listed, brand unchanged
Ø India inks $50 mn line of credit to strengthen Maldives maritime capabilities
Ø Baba Ramdev's Patanjali issues clarification for Coronil after WHO's remarks
Ø Foreign Portfolio investors invest ₹24,965 crore in February so far
Financial Express
Ø Sudan floats currency, part of measures to overhaul economy
Ø GeM portal expects procurement of over Rs 1 lakh cr in FY22: CEO
Ø NTPC commissions 5 MW solar capacity at Auraiya plant in UP
Deccan Chronicle
Ø Pandemic will force 18 million Indians to find a new occupation by 2030: Report
Ø 15 Chinese biggies among Portfolio Investors
🇮🇳Business News Headlines
Economic Times
Ø Oil India teams up with Engineers India to bid for BPCL’s 61.65% stake in Numaligarh Refinery
Ø Foodgrain Production to hit Record high in 2020-21
Ø RBI tightens Payments Security norms for banks, digital payment operators
Ø Iran keen to lift whole leaf teas from India, ready to pay good price
Ø NCLT approves Rs 707.70 Cr claim of IL&FS's FSEL from NHAI
Ø Government's initiatives brings back loan growth to Pre-Covid levels
Business Standard
Ø Pumping in $33.8 Bn so far this fiscal, FPIs' holding at record $592.5 Bn
Ø DLF Cyber City completes acquisition of 51.8% stake in Fairleaf Real Estate
Ø L&T arm to build 2 units of Kudankulam Nuclear Power Project
Ø PE/VC Investments drop by 35% in January to $1.6 Bn : EY-IVCA data
Ø GAIL buyback offer to open for 6,97,56,641 fully paid-up equity on Feb 25
Business Line
Ø P-Note investment surge is no cause for concern: SEBI chief
Ø Cotton Exports may increase 30% as Global market surges
Ø RBI approves Piramal's resolution plan for DHFL
Ø Ambuja Cement net rises 34% on better realisation
Ø Phillips Carbon Black commissions speciality black lines in Gujarat
Mint
Ø Airtel's earnest money deposit at ₹3K Cr, Jio's ₹10K Cr for Spectrum Auction
Ø RailTel IPO subscribed 42 times on final day of bidding
Ø NMDC resumes mining at Donimalai mine in Karnataka
Ø Indian IT Sector can double in 4-5 yrs: HCL Tech CEO
Ø IDFC First Bank board approves raising up to ₹3,000 Cr via securities
Financial Express
Ø Petrol at Rs 100: India asks OPEC to ease production cuts
Ø Cairn CEO meets finance secretary over arbitration ruling, says meeting constructive
Ø India PC market clocks 27% Growth in Q4 to 2.9 million units: IDC
Deccan Chronicle
Ø Amazon to make Fire TV sticks in India
Ø Tata Electronics to set up component-making plant in TN
🇮🇳Business News Headlines
Economic Times
Ø India's Exports rise 6.16 % in January; Trade Deficit narrows to USD 14.54 Bn
Ø States' fiscal deficit to narrow to 4.3 % of GDP in FY22, says India Ratings Report
Ø RBI sets up Panel to suggest steps for strengthening, Consolidating Urban Co-operative Banks
Ø Cairn Oil & Gas seeks bids for Gas from Rajasthan block
Ø India shifts oil imports from Middle East to Africa, North America due to OPEC cuts
Ø CIL's overall expenditure drops to Rs 54,241 Crore in Apr-Dec 2020 period
Business Standard
Ø Govt to set up Intelligence unit to tackle pesky calls, Financial Frauds
Ø Govt shortlists four mid-sized state-run banks for Privatisation: Report
Ø IT Sector to grow by 2% to $194 bn, add 138,000 Employees in FY21: Nasscom
Ø Byju's set to acquire Edtech rival Toppr for $150 Million : Report
Ø JLR's $3.5 Bn plan to take all Jaguars, 60% Land Rovers electric by 2030
Ø Oil and gas giant ONGC to scale up KG Basin Gas output this year
Business Line
Ø WPI inflation rises to 2.03% in January
Ø States’ fiscal deficit to moderate to 4.3% of GDP in FY22: India Ratings & Research
Ø Future Retail to defend petition filed by Amazon in Supreme Court
Ø Medanta to get ₹100 Crore from ADB
Ø Garware Technical Fibres Q3 Net Profit rises 49% to ₹43.2 Cr
Ø Srei reports loss of ₹3,810 Crore in Q3
Mint
Ø Bank Credit grows by 5.93%, Deposits by 11.06%
Ø International experts to participate in SEBI-NISM Research Conference
Ø SBI MF to sell off Franklin assets through segregated platform
Ø Wipro signs 5-year Partnership with Telefónica Germany / O2
Ø Amazon had asked for $40 Mn as compensation for RIL deal: Future Group
Financial Express
Ø Singapore’s GDP shows signs of recovery, to grow by 4-6 % in 2021
Ø Japan extends Economic Recovery as Exports, Capex shake off COVID hit
Ø Nirmala Sitharaman to address Post-Budget RBI board meet on Tuesday
Deccan Chronicle
Ø US car giant Tesla to set up Manufacturing unit in Karnataka: CM
Ø Global Trade recovers in December quarter
🇮🇳Business News Headlines
Economic Times
Ø HDFC increases FD rates up to 25 BPS
Ø OPEC+ approves oil output increases from May
Ø India's Projected FY22 Growth could weaken to 12.2% from 13.5%: Nomura
Ø Wheat procurement rolled out, govt buys 78,000 tonnes in a fortnight
Ø Finmin withdraws order slashing rates on small savings schemes
Ø Exports of foreign subsidiaries accounted for 33% of their total sales in FY20: RBI
Ø US Factory activity expands at fastest pace since 1983 in March
Ø Tata Motors completes transfer of defence biz to TASL for consideration of Rs 227.7 Cr
Ø Jaiprakash Power Ventures pre-pays Rs 299.51 Crore debt
Ø Fintech startup Easebuzz raises $4 Million in first funding round
Ø OnMobile leads $13 Million funding in short-video app Chingari
Business Standard
Ø Low base, recovery in demand drive March auto sales into fast lane
Ø Recovery on a roll: GST mop-up hits record Rs 1.24 Trillion in March
Ø Reliance Infra sells HQ in Mumbai's Santacruz to YES Bank for Rs 1200 Cr
Ø Future Retail to offer quick online deliveries in bet on e-commerce
Ø Debt-laden IL&FS sells 49% Stake in China road asset for Rs 1K crore
Ø NCLAT removes stay on Reserve Bank of India action against Srei group
Ø US fund Interups enters Indian skies with 49% stake purchase in Trujet
Ø NIIF invests Rs 2,100 Cr in Manipal Hospitals, its first in health space
Ø Video startup Chingari raises $13 Mn, plans 100 Mn users in 6 months
Ø Power Finance Corp pays interim dividend of Rs 1,182.63 Cr to govt for FY21
Ø Bank credit to medium-sized firms grows 21% in February, shows data
Ø India's exports jump 58% to hit all-time high of $34 Billion in March
Ø UPI transaction value touches new high at Rs 5 Trn in March, volume up too
Ø PE/VC firms' investments increase by 85% to $11.9 Bn during Q1FY21
Financial Express
Ø Wipro to acquire Australian firm Ampion for $117 million in full cash transaction
Ø Jana Small Finance Bank files DRHP to raise Rs 700 Crore via fresh share issue
Ø Companies’ registration up 27% in FY21 to over 1.55 Lakh company incorporations
Ø Average price from conventional power plants rises to Rs 3.85/Unit in FY21
Ø NPCI subsidiary starts operating to offer recurring Payment services
Ø PhonePe logs $388bn in annual TPV run rate, crosses 1-bn UPI transactions in March
Ø Mastercard to invest about Rs 733 Cr in Airtel Africa’s mobile money biz for minority stake
Ø Cane arrears rise over 19 pc to Rs 22,900 cr till Feb of 2020-21 season amid Liquidity crunch: ISMA
Ø CIL’s additional supply reduces coal imports by 90 MT in FY21
Ø Improved buoyancy in Q4: Centre releases extra Rs 45,000 crore to states from divisible pool
Ø Niti Aayog suggests policy measures to ensure subsidised foodgrains supply to needy
Ø US exporters continue to encounter significant barriers in India: Report
Mint
Ø Indian Railways new record: RCF manufactures nearly 1500 LHB coaches in last FY
Ø Urban unemployment jumps as second wave slams job market
Ø Biden calls for $50 billion to boost US chip industry
Ø Govt notifies tax return forms with a few tweaks
Ø SEC allows Bharat Biotech to test third Covaxin shot
Ø Centre gave Rs. 2.62 Trillion direct tax refunds in FY21
Ø Govt approves over ₹6,100 Crore worth highway projects
Ø DigiHealth to invest in developing pharma supply chain, distribution
Ø Govt sets up three panels to curb industrial accidents
Ø Tata Power takes over power distribution in northeastern Odisha
🇮🇳Business News Headlines
Economic Times
Ø India, US agree to revamp Strategic Energy partnership
Ø Adani, Torrent submit EoIs for South East UP Power Transmission Company
Ø Government not inclined to bear loan moratorium costs
Ø Solar installations on pace for biggest growth in five years, IHS Markit says
Ø CCI's WhatsApp probe order a red flag for Big Tech
Ø India against Asean in supply chain trilateral
Business Standard
Ø Sebi cracks down on Pseudo Buy and Sell Orders designed to deceive
Ø Nomura, Credit Suisse warn of big losses after Archegos share dump
Ø Gupta's Liberty Steel to restart operations, in talks with UK government
Ø Amazon plans to step up e-payments, financial services in India
Ø Govt gets multiple EoIs for privatisation of Neelachal Ispat Nigam
Business Line
Ø HPCL buys out Shapoorji Pallonji stake in joint venture LNG Terminal
Ø Biocon forms tie-up with Libbs Farmaceutica
Ø UK rejects $234 Million bailout request from Sanjeev Gupta’s GFG
Ø GameStop takes $6-bn round trip as results shrugged off
Ø Tatas unlikely to cede ground to Mistry on stake valuation, sale
Mint
Ø US suspends all trade engagement with Myanmar until elected government returns
Ø Ascendas India Trust to acquire space in Bengaluru IT park for ₹1,441 crore
Ø Manappuram Finance looks to take Asirwad Microfinance public
Ø Actis to set up 2 green firms with $850 million
Financial Express
Ø BSNL gets DoT nod for hybrid 4G tender
Ø Global banks warn of possible losses from hedge fund default
Deccan Chronicle
Ø Ever Given starts to move in Suez Canal: maritime traffic tracking sites
News Analysis - 8 WhatsApp Group.
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👉 Important Business News Clippings (4 to 5 News Clippings Per Day) Shared Everyday Morning, before 9 AM, along with Business News Snapshot of Leading Business Papers.
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🇮🇳Business News Headlines
Economic Times
Ø Govt reintroduces clause on 5% Withholding Tax for FPIs
Ø RBI defers applicability of limits on non-centrally cleared derivative exposures for banks
Ø NCLAT closes Insolvency proceedings against Jyoti Ltd after settlement with financial creditors
Ø Govt raises PF threshold limit to Rs 5 Lakh for earning tax-free interest
Ø Saudi Aramco remains in discussion to pick stake in Reliance unit
Ø India files appeal against Cairn arbitration award
Business Standard
Ø Govt garners Rs 30,369 Crore as dividend from PSUs so far this fiscal
Ø Bank NPAs declined to Rs 5.70 trillion at December-end: Anurag Thakur
Ø Oil tumbles 4% on concerns over Europe restrictions, vaccine rollouts
Ø Bharti Airtel picks up stake in Avaada's solar company
Ø Gas price for ONGC to inch up to $1.82, fall below $4 for Reliance-BP
Business Line
Ø PF deposit threshold limit raised to ₹5 lakh for earning tax-free interest
Ø JSW Steel raises ₹2,500 cr to fund BPSL deal
Ø IMPAL to buy ZF UK’s stake in Brakes India for ₹70 crore
Ø Ircon International expects ₹6,000-cr revenue
Ø Glenmark Pharmaceuticals gets $40-million Covid loan from IFC
Mint
Ø India, Afghanistan resolve to deepen economic and trade links
Ø Supreme Court refuses to extend moratorium, allows compound interest waiver
Ø Real estate worth $36 billion could be listed under REITs: JLL
Ø Govt to raise nearly ₹755 crore by selling 15% stake in Rail Vikas Nigam
Ø India Ratings upgrades long term issuer rating of JK Tyre to 'Stable'
Financial Express
Ø Niti Aayog to empanel transaction advisor for PSU assets monetisation, disinvestment
Ø Microsoft eyeing Discord acquisition for more than $10 billion: Report
Ø Adani Ports to acquire controlling stake in Gangavaram Port for Rs 3,604 cr
Ø West sanctions China over Xinjiang abuses, Beijing hits back at EU
🇮🇳Business News Headlines
Economic Times
Ø NPAs expected to increase in First Half of 2021: FICCI-IBA Survey
Ø Parliamentary Panel for early disposal of Pending 205 FDI proposals
Ø Economic reforms to drive India sovereign rating, says K V Kamath
Ø Lok Sabha passes Appropriation Bill, completing two-thirds of budget exercise
Ø Vodafone Idea, Airtel may resort to indirect tariff hikes
Ø Migsun Group to invest Rs 4,500 Crore in three stuck projects
Business Standard
Ø India and Philippines most vulnerable to risks of a 'taper tantrum': S&P
Ø CA Rover Holdings sells 4.25% Stake in SBI Cards for Rs 3,943 cr
Ø Oil prices slip for fourth day on Europe demand concern: IEA report
Ø China's Baidu raises $3.1 billion from Hong Kong secondary listing
Ø IOC, Israeli firm form JV to to manufacture metal-air batteries for EVs
Ø Vodafone Idea posts first subscriber addition in 15 months: Trai Data
Business Line
Ø Advance tax collections for corporate tax, income tax turn positive
Ø Rising demand from China to drive rubber prices further
Ø NCLAT orders KS Oils liquidation; raps NCLT for lapse of 981 days
Ø Hitachi ABB Power Grids bags ₹124-cr order from BALCO
Ø Adani Transmission wins second package of MP project
Ø KSSF invests ₹410 crore in DCW Ltd
Mint
Ø India's Hero Cycles to set up new global hub in London
Ø NSE invests in technology startup Capital Quant Solutions
Ø Retail investors latch on to Nazara's IPO; Kalyan Jewellers fully subscribed
Ø US yields hit 13-month high, stocks drop with Fed meet at hand
Ø Punjab National Bank incorporates new entity for credit card business
Ø BHEL emerges lowest bidder for NPCIL's ₹10,800 Crore-tender
Financial Express
Ø Concessional 5% withholding tax continues for debt interest income of FPIs
Ø Square Yards acquires AI-based 3D visualisation platform PropVR
Deccan Chronicle
Ø Apple starts assembly of iPhone 12 in India
News Analysis - 8 WhatsApp Group.
👉 Important Business News Clippings (4 to 5 News Clippings Per Day) Shared Everyday Morning , along with Business News Snapshot of Leading Business Papers.
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🇮🇳Business News Headlines
Economic Times
Ø Consumer Sentiment fails to keep up with rising income: CMIE
Ø EU regulator approves Johnson & Johnson Covid Vaccine
Ø MFI's gross loan portfolio grows 6.4 pc to Rs 2.27 lakh cr as of Dec 2020: Report
Ø Banks unions call for two-day strike against proposed privatisation of PSBs
Ø India likely to block China's Huawei over security fears: Officials
Ø SBI to conduct e-auctions of 12 bad accounts this month
Business Standard
Ø Outlook negative for power discoms due to falling revenues: ICRA
Ø SoftBank-backed Coupang raises $4.6 Billion in US IPO
Ø BSNL may be profitable from 2023-24: Parliament panel report
Ø Tech firm Icertis' valuation crosses $2.8 bn after $80 Mn fundraise
Ø Tractor sales rise by around 30% in February 2021 to 84,690 units
Ø E-commerce market is projected to surge 84% to $111 bn by 2024, says FIS
Business Line
Ø Cement sales to hit a decade high next fiscal
Ø Australian High Commissioner, NMDC discuss scope for collaboration
Ø Solar modules, cells to attract basic customs duty of 40%, 25%
Ø Tata Motors sees volumes rising 30% in CV segment in FY22
Ø PFC-REC to extend ₹4,058-crore loan to Bhutan hydro project
Ø Parikh family sells ZCL Chemicals to Advent for ₹2,000 Crore
Mint
Ø US Stimulus offers significant boost to global economy: IMF
Ø Fintech emerges as the fastest growing tech sector: Deloitte
Ø Rising market interest rates pose 'risk' to economy: ECB's Lagarde
Ø NMDC declares interim dividend of ₹7.76 per share
Ø Kalyan Jewellers IPO opens next week as economy recovers
Ø Global debt crisis unlikely in near-term despite more defaults: S&P
Ø SJVN wins bid to buy PTC’s wind assets for ₹2,000 cr
Financial Express
Ø LPG consumption up 7.3 pc despite price rise: Oil companies
Ø Most Economies not to return to Pre-Pandemic activity levels until 2022: Moody’s
Deccan Chronicle
Ø Apple starts assembly of iPhone 12 in India
Ø TV Prices to go up from April as open-cell panels get costlier in global markets
🇮🇳Business News Headlines
Economic Times
Ø DIPAM, Niti Aayog officials to brainstorm on CPSE asset monetisation on Tuesday
Ø Fiscal steps taken by government led to positive growth in Q3: Nirmala Sitharaman
Ø Govt nets Rs 53,346 Crore from Vivad Se Vishwas Scheme till February 22
Ø Disinvestment: FM says govt addresses CPSE stakeholders' legitimate concerns through provisions in SPAs
Ø CIL approves 32 mining projects involving incremental investment of Rs 47,000 Crore
Ø Tata Motors shareholders approve hiving off passenger vehicle business into new entity
Business Standard
Ø Govt to amend Telecom Licence norms to control sourcing from China
Ø 44 firms given FDI nod to jointly produce defence items with foreign cos
Ø US, UK, 3 other courts confirm $1.4 bn arbitration award against India
Ø Fitch, S&P rate IRFC's proposed USD senior unsecured notes at BBB-minus
Ø DuPont to buy Laird Performance for $2.3 bn in electronics materials push
Ø Apollo Global to buy annuities provider Athene in $11-bn deal
Business Line
Ø Parliamentary panel pitches for more funds for Power Ministry
Ø Unemployment rate is at 5.8%: Centre
Ø Dumping duty imposed on black toner powder imports from China, Malaysia and Taiwan
Ø Petrol, diesel excise collection over ₹3.4-lakh Crore: Finance Ministry
Ø On debt rejig drive, SP Group may sell stake in 3 companies
Ø Adani Green arm commissions 100MW wind power unit in Kutch
Mint
Ø Blackstone is said to call off Mphasis stake sale on valuations
Ø Microfinance loan portfolio stands at ₹2,32,648 Cr as of Dec-end: Report
Ø Health chain Aster plans $400 Mn bond sale, India expansion
Ø Employee consortium bid for Air India fails to make the cut
Ø Government to privatise RINL despite opposition from workers’ unions
Ø India's Domestic air traffic falls 37% in February: Icra
Ø Goldman Sachs Economists see US Jobs boom as Virus curbs ease
Financial Express
Ø First post-Covid physical fair may catalyse $1-bn biz
Ø SBI Card plans to raise Rs 2,000 Crore via NCDs
Ø Expect moderately worse banking sector outlook for next fiscal: Fitch
Deccan Chronicle
Ø BPCL to sell NRL stake to OIL, EIL for Rs 9.9K Cr
Ø Jindal Global Law School enters global top 100 in the World
🇮🇳Business News Headlines
Economic Times
Ø ICICI, HDFC, SBI will have to offload Rs 1.2 lakh Cr if RBI caps stake in insurance arms: Report
Ø Indian merchants almost halt exports to Iran as its rupee reserves fall: Officials
Ø General Atlantic to sell 18% Stake in KIMS Hospitals
Ø NBCC signs MoU with RINL to redevelop, monetise 22.19 acre land in Visakhapatnam
Ø Adar Poonawalla-led Rising Sun Holdings notifies CCI of Magma Fincorp Deal
Ø India asks OPEC+ to fulfill promise of stable oil prices
Business Standard
Ø RBI to conduct simultaneous sale-purchase of Govt securities next week
Ø Asset growth at NBFCs, HFCs to jump in FY22: India Ratings report
Ø 85 Tonnes of gold flowed out of ETFs in February as prices fell: WGC
Ø Financial stocks cornered over half of $3.56 Billion FPI flows in Feb
Ø World shares track Wall Street decline as bond yields rebound
Ø US Unemployment claims tick up to 745,000 as layoffs remain high
Business Line
Ø ArcelorMittal Nippon Steel inks ₹50,000-cr pact with Odisha
Ø Cochin SEZ seeks more time to put house in order after GAIL exit
Ø First shipment of red rice exports to US flagged off
Ø EPFO keeps interest rate unchanged at 8.5% for FY21
Ø Welspun India's board approves raising up to $100 mn
Ø Wipro to acquire UK-based Capco for $1.45 million
Mint
Ø Franklin Templeton case should be probed by SEBI: AMFI
Ø Panel to review spectrum allocation plan on 5 March
Ø ICICI Bank targeting to serve 20 lakh customers of rival banks through app
Ø Indiabulls Housing Finance raises ₹1091 Cr via foreign currency convertible bonds
Ø MTAR Technologies IPO subscribed 10.27 times on the second day
Ø Oil dips near $61 ahead of key OPEC+ meeting on output policy
Financial Express
Ø Spectrum buys to bolster telcos’ market position; balance sheets can absorb costs: Moody’s
Ø Jet Airways resolution process: MoCA, DGCA say no deemed approvals for slots
Deccan Chronicle
Ø Chinese hackers targeted India's power grid system through malware: Report
Ø SBI MF’s international fund to tap top S&P 500 firms
🇮🇳Business News Headlines
Economic Times
Ø Credit Demand to pick up post vaccination roll-out : RBI
Ø BPCL to sell Numaligarh Refinery stake for Rs 9,876 cr
Ø India, US reaffirm Strategic Partnership at bilateral meeting of UN envoys
Ø Government expects investment worth Rs 3.39 Lakh Cr during Maritime India Summit
Ø Government gets Multiple Bids for Shipping Corporation of India Privatisation
Ø Delhi Govt suspends subsidy on Tata Nexon EV
Ø US manufacturing activity jumps to 3-year high in February
Business Standard
Ø GST collections surpass Rs 1.1 Trn mark for 3rd straight month in Feb
Ø Railways registers higher cumulative freight loading till Feb 28 than FY20
Ø Govt considering reduction in excise duties on petrol, diesel: Report
Ø UPI registers 2.29 Billion transactions worth Rs 4.25 trillion in Feb
Ø NSE signs pact to set up international bullion exchange at GIFT City
Ø Credit Suisse suspends $10-billion supply chain finance funds
Business Line
Ø Maruti Suzuki sales rise 11.8% to 1,64,469 units in February
Ø February PMI manufacturing at 57.5, showing another improvement
Ø Adani Power: SC orders status quo on compensation awarded by APTEL
Ø Bajaj Auto sales up 6% at 3,75,017 units in Feb
Ø Texmaco to issue equity shares amounting to ₹115 Cr on preferential basis
Ø French flavour to Heritage Novandie Foods’ yogurt
Mint
Ø Sebi moots dual approval process for appointment of independent directors
Ø Govt receives bids of ₹77,146 Crore on Day 1 of 4G spectrum auction
Ø Hero MotoCorp sold over 5 lakh units of two-wheelers in Feb 2021
Ø Indian Railways directs IRCTC to terminate all contracts of mobile catering
Ø NSE glitch could not have been anticipated: FM Nirmala Sitharaman
Financial Express
Ø Goyal asks BIS to cut quality testing charges for MSMEs, startups & women entrepreneurs
Ø Credit demand may almost double to 9-10% in FY22: Report
Deccan Chronicle
Ø Chinese hackers targeted India's power grid system through malware: Report
Ø India top over-performer in frontier technologies
🇮🇳Business News Headlines
Economic Times
Ø Cabinet approves PLI Scheme for Pharma
Ø Mexico's Grupo Bimbo buys iconic bread brand Modern Foods
Ø Reliance prices coal gas from Madhya Pradesh at minimum USD 6
Ø Nirav Modi extradition case to come up on Thursday
Ø Number of ultra-high networth individuals to rise 63% to 11,198 in 5 Years in India: Report
Ø Power Ministry reduces discom penalties to 5% over SBI lending rate
Business Standard
Ø Sebi, Finmin seek detailed report from NSE as trading halts due to glitch
Ø PM Modi says govt committed to selling non-strategic PSUs
Ø India's foodgrain production to rise 2% in 2020-21: Government
Ø Indian corporate bond market can double March 2025 : CRISIL
Ø SoftBank-backed Berkshire Grey to go public via $2.7 Bn SPAC deal
Ø Piramal Enterprises sets up new alternative fund management business
Business Line
Ø Cabinet approves PLI scheme worth ₹7,350 cr for laptops, tablets, servers
Ø IOC to set up fuel ethanol, EV battery plants
Ø ReNew Power inks pact to merge with RMG Acquisition Corp II
Ø Strides gets USFDA nod for Ibuprofen OTC oral suspension
Ø NMPT signs 7 MoUs with stakeholders
Ø NTPC inks pact to buy GAIL's 25.1 per cent stake in RGPPL
Mint
Ø NSE halts trade for 4 hrs due to tech snag, markets rise 2% in extended session
Ø Govt allows Private sector banks to participate in all govt businesses
Ø Govt to set up national asset monetization pipeline for sale of CPSE assets
Ø CBDT issues refunds of over 1.95 cr to more than 1.93 cr taxpayers in FY21
Ø Bidders for PSBs should have deep pockets: RBI
Financial Express
Ø India’s Food grain output to rise 2% in 2020-21 to record 303.34 million tonnes: Govt
Ø Hong Kong to spend $15.4 Billion to stabilise coronavirus-ravaged economy
Ø German Economy grew 0.3% in Q4, better than thought
Deccan Chronicle
Ø IT Sector continues to see sequential growth in hiring in January: Report
Ø Govt to bring amendments to two Acts to enable privatisation of PSU banks
🇮🇳Business News Headlines
Economic Times
Ø Bitcoin climbs above $53,000 as Elon Musk backs crypto over cash
Ø Adani, DP Jain & Co emerge highest bidders for NHAI’s TOT-5 bundle
Ø V-Marc India files for Rs 30 crore SME IPO; shares to be listed on NSE Emerge
Ø Oil extends losses as Texas prepares to ramp up output
Ø Philippines invites Indian firms to explore investment opportunities in infra sector
Ø Consumer confidence among urban Indians improves slightly in February
Ø LIC Housing Finance disburses Rs 1,331 crore of loans via mobile app
Ø Freighters seek rate hike, consumer companies fear impact on margin
Ø Zippr ties up with NDMC to create digital door numbers for 50,000 homes
Business Standard
Ø India to file appeal against Cairn's $1.2 Billion arbitration award
Ø Clarity on GST rate key likely to determine benefits for gas users
Ø Novavax, Serum Institute plans to supply 1.1 billion doses to COVAX
Ø Ikea arm to set up first shopping mall in India for Rs 5,500 Cr
Ø Sharp rise in Micro VC investments as 566 startups get $341 mn in 3 years
Ø INOX Air Products announces Rs 2,000 cr investment in industrial gases
Ø Edelweiss Financial Services plans to invest Rs 800 crore in insurance biz
Ø Forex Reserves down by $249 million to $583.697 Billion
Ø Retail inflation for farm and rural workers eases in January
Ø Karnataka Bank reports Rs 34.16 Crore fraud to Reserve Bank of India
Ø Mangalyaan-2 will be an orbiter mission: ISRO chief K Sivan
Ø Tencent raises $8.3 Billion with its biggest offshore syndicated loan
Financial Express
Ø National Hydrogen Energy Mission: Govt plans green hydrogen auction
Ø Ikea to invest Rs 5,500 Crore for its first Meeting Places concept in India
Ø Amazon India inks pact with Directorate General Resettlement for hiring ex-service personnel
Ø SC directs RBI to lay down regulations in six months for locker facility management in banks
Ø Indian Bank signs MOU with SID of IISc, for funding Start-ups and MSMEs
Ø India, EU express hope to forge host of bilateral cooperation arrangements
Ø Rs 2.97 Lakh Cr more food subsidy to be released this fiscal; Punjab, Haryana asked to use e-mode for MSP payments
Ø Domestic Natural Gas output falls 2% in January
Ø V-Guard Industries promoter Chittilappilly sells shares worth Rs 90 cr to fund social causes
Mint
Ø Deccan Urban Co-op Bank: RBI caps withdrawal limit at ₹1,000 for next 6 months
Ø Restaurant footfalls climb as pandemic wanes, mobility jumps
Ø Dr Reddy’s seeks urgent use permit for Sputnik V
Ø Greece extends lockdown to more areas till 1 March to stem spread of Covid-19
Ø GIP looks at Vector Green InvIT to raise $100 million
Ø Apple in talks to buy self-driving sensors, key step in car plan
Ø Government liberalizes definition of listed firms
Ø Subscriber base of NPS, APY up 22% to 4.05 cr at Jan-end 2021: PFRDA
Ø Maruti eyes boom in CNG-run car sales
Ø Jubilant Foodworks to acquire Fides Food
Ø Govt allows five states to borrow more for power sector reforms
🇮🇳Business News Headlines
Economic Times
Ø RBI issues Draft Guidelines for CDS, Derivative contracts
Ø Oxford Economics ups India Growth Forecast to 10.2% for 2021
Ø Reserve Bank of India issues directions for Housing Finance Companies
Ø India has one of the World's most engaged and resilient workforces: Survey
Ø US private equity fund buys major stake in Accolite Digital
Ø India recorded $1422 mn FDI inflow from UK in 2019-20: Grant Thornton report
Business Standard
Ø Cabinet approves Economic Cooperation pact between India, Mauritius
Ø Sebi eases listing rules for large IPOs, paving way for LIC's mega float
Ø Sri Lanka to re-acquire 99 Oil tanks leased to Indian Oil Corp: Minister
Ø Govt approves over Rs 12000 Cr manufacturing push for telecom equipment
Ø India emerges as Asia's biggest destination for fintech deals
Ø Pfizer's Covid-19 vaccine supply to the EU 30% below plans: Report
Business Line
Ø Oil PSUs spent ₹34,000 Crore on BS-VI upgrade: Pradhan
Ø JSW Energy to invest ₹11,000 cr in fresh capacity of 1,800 MW
Ø FinMin unearths more than 9,000 fake GSTIN
Ø CITU workers lay siege to BEML Palakkad unit against disinvestment
Ø Amara Raja Batteries announces ₹500-cr capex plan
Ø Dr Reddy’s Labs launches Capecitabine tablets in US market
Mint
Ø Adar Poonawalla group firm makes open offer to buy 26% stake in Magma Fincorp
Ø RailTel Corp IPO subscribed 6.65 times on Day 2
Ø JLR unveils strategy to boost parent Tata Motors' valuation
Ø Foreign Forex Trading platforms are illegal in India
Ø Airtel to acquire 20% stake in Bharti Telemedia from Warburg Pincus
Ø Dish TV India to raise up to Rs1,000 Crore
Financial Express
Ø India to be among Fastest Growing Emerging Economies in FY22, rating hinges on deficit, debt
Ø Non-food credit growth slips below 6%: RBI data
Ø Govt to infuse Rs 1,500 cr into Exim Bank next fiscal
Ø Airtel sets up special panel to rejig company’s structure
Deccan Chronicle
Ø Amazon to make Fire TV sticks in India
Ø Tata Electronics to set up component-making plant in TN
Ø Job prospects look up for freshers: Surve
🇮🇳Business News Headlines
Economic Times
Ø Tesla to set up EV Manufacturing unit in Karnataka
Ø ByteDance explores sale of Indian TikTok Assets
Ø Silverglades to invest Rs 500 Crore in mix-use luxury project in Gurgaon
Ø ONGC Q3 results: Net profit falls 67% YoY to Rs 1,378 Crore
Ø Vodafone Idea Q3 results: Consolidated net loss narrows to Rs 4,532 cr on one-time gain
Ø Govt procures paddy worth Rs 1.20 lakh crore so far this kharif marketing season
Ø Over 75% of poor households in India reported a decline in income as a result of road accident, says World Bank Report
Ø Delhi-Mumbai expressway will ease traffic load, says Transport Minister Nitin Gadkari
Ø Skills development ministry launches Mahatma Gandhi National Fellowship in partnership with IIMs
Business Standard
Ø Rs 30,000 Crore via Agri Cess will go to States to improve APMC Infra: FM
Ø PFC, REC score over listed PSBs; Report faster Growth in advances
Ø Uttarakhand glacier burst may spell more trouble for Char Dham Road Project
Ø Primary dealer fees rise over 40x as RBI lures them to underwrite auctions
Financial Express
Ø Covid-19 Vaccination drive: Over 7,000 get Second dose, total 80 lakh Vaccinated so far
Ø Delhi to launch Campaign for Registration of Construction workers with its Welfare board
Ø RBI trying to keep rupee volatility in check; technicals suggest this USD-INR trading range in medium term
Ø Dharmendra Pradhan blames artificial price mechanism by oil producing nations for fuel price hike
Ø Expectations of GDP Growth in Q3, Q4 becoming strong: PHDCCI
Mint
Ø DHFL posts consolidated Net Loss of ₹13,095 Cr in Q3FY21
Ø Magma Fincorp to seek Shareholders nod for ₹3,206 Cr deal with Poonawalla
Ø Vehicle manufacturers should provide Basic safety features in Vehicles : Gadkari
Ø Morgan Stanley may bet on Bitcoin in $150 Billion investment arm
Ø Shapoorji Pallonji Group company wins ₹930 Crore order in Egypt
Ø Railways Freight Revenue overtakes last year's figures in first 12 Days of Feb
Ø India contributes nearly 24% to Global Pulses Production : Tomar
Ø Goa Govt will spend ₹100 Crore on development of Panchayats: Pramod Sawant
Ø ₹220 Crore Solar Power Plant to be set up in Andhra Pradesh