-
🇮🇳We Share the Most Updated News, Analysis, Please Contact at FinancialWisdomAdm@gmail.com for Feedback 🙏
🇮🇳Business News Headlines
Economic Times
Ø FM Sitharaman says many PSBs have come back to normalcy now
Ø Govt appoints 31 Members at NCLT, ITAT
Ø Tata Power, Adani told to submit revised bids for UP Transco
Ø The RSS-Infy fiasco is making some doubt the virtues of honest business
Ø Drug makers Granules India, Jubilant Cadista recall products in US market
Ø Zomato scraps Grocery deliveries for the second time
Ø Income Tax refunds worth Rs 70,120 Crore issued between April 1 and September 6
Ø Vaccination is the medicine to boost economy: Nirmala Sitharaman
Ø Indian IT struggles to get experienced hands amid tech boom
Ø Unitholders of Franklin’s six shut debt schemes to get Rs 2,918 Crore
Ø FPIs pump in Rs 7,605 Cr so far during Sept
Business Standard
Ø Small- and mid-caps set to top asset class league after a gap of five years
Ø Sebi notifies certification requirements for distributors, staff of PMS
Ø Manyavar owner Vedant Fashions files IPO with Sebi to raise funds
Ø Investors turn positive for Gold ETFs in Aug on positive global outlook
Ø T+1 cycle may reduce margin requirement, boost investment: Experts
Ø CPPIB sells 2.3% stake in SBI Life Insurance Company
Ø Demand recovery in durables, growth expectations drive rally in Voltas
Ø Cathie Wood's fintech ETF sells HDFC Bank for first time since May
Ø Despite chip shortage, automakers expect better festive season
Ø Moody's assigns B1(hyb) rating to Axis Bank's proposed AT-I capital bonds
Ø Buy growth, value stocks for equity portfolio to beat inflation: Chris Wood
Financial Express
Ø Eleven firms debuted at discount since January after raising funds via IPO
Ø Kharif: Dry weather seen dragging down cotton, groundnut output
Ø Snapdeal assessing IPO route: Sources
Ø IIP growth: India’s index of industrial production grows 11.5% in July
Ø High shipping costs: Scheme to aid farm exporters back & fortified
Ø Ami Organics IPO subscribed 64.54 times on closing day
Ø Godrej Consumer Products expects double-digit growth in FY'22
Ø CNG price may rise 10-11% in October
Ø Financial bids for BPCL after September
Ø NTPC Darlipali Thermal Power Station's Unit 2 to start commercial operation from Sep 1
Ø Domestic natural gas prices seen rising to $3.15/mBtu in October
Mint
Ø Refiners to get 4.3 mn barrels from strategic reserves by Dec
Ø ONGC’s long hunt for another Bombay High
Ø HDFC rides the coat tails of the real estate recovery
Ø Coal India’s volume growth offers hope, but sustainability holds key
Ø Varun Beverages set to gain from robust growth outlook
Ø HDFC Life’s buyout of Exide Life is promising beyond near-term pinch
Ø Oil India’s efforts to pare debt help boost investor sentiment
Ø Chip shortage drives tech companies and car makers closer
Ø Zomato shelves consumer e-grocery plans
Ø PNB appoints Rekha Jain as shareholder director, Asha Bhandarker steps down
Ø India's space-tech startups steering a rough ride
Ø Moody's revises JSW Steel's outlook to positive from stable
🇮🇳Business News Headlines
Economic Times
Ø Indiabulls Housing to raise Rs 1,000 Cr via public issue of bonds
Ø Mahindra Passenger Vehicle sales up 17% in August
Ø NSE-BSE bulk deals: REC sells stake in National Hydroelectric Power Corporation
Ø SPARC seeks shareholders nod to raise up to Rs 1,800 Cr
Ø Vedanta board approves interim dividend of Rs 6,877 Cr
Ø LIC’s asset base goes past Rs 38 lakh crore in fiscal 2021
Ø Ami Organics raises Rs 171 Crore from Anchor investors ahead of IPO
Ø Ola IPO to hit the Street early 2022
Ø SBI to raise up to Rs 4,000 Crore via AT1 Bonds
Ø Unitholders of Franklin’s six shut debt schemes to get Rs 2,918 Crore
Ø GST collections for August at Rs 1.12 Lakh Crore
Business Standard
Ø Positive signals for India's Real Estate sector as Economy normalises
Ø OPEC+ sticks to agreed schedule for oil-production increases
Ø Sebi tweaks liquidity enhancement scheme for stock exchanges
Ø Homegrown firm MapmyIndia files draft papers for IPO with Sebi
Ø Need to have informed conversations on Savarkar, says FM Sitharaman
Ø Airtel's fundraise to provide ammo for 5G, fortify position: Analysts
Ø India power-sector financier REC plans first loan using Libor heir
Ø Grasim Industries to invest Rs 2,600 crore in capex in FY22
Ø Bharti Airtel clarifies on Google investment buzz
Ø Moody's assigns B1(hyb) rating to Axis Bank's proposed AT-I capital bonds
Ø Airtel's Rs 21k-cr rights issue may open exit door for Voda Idea: Analysts
Financial Express
Ø SBI raises Rs 4,000 crore via AT-1 bonds at 7.72% coupon rate
Ø Zerodha gets Sebi’s in-principle nod to launch mutual fund biz
Ø Vijaya Diagnostic Centre IPO subscribed 30 pc on first day of offer
Ø SBI raises Rs 4,000 Crore via AT1 Bonds
Ø PGCIL seeks shareholders’ approval to raise up to Rs 6,000 Cr via bonds, debentures
Ø Tracking investments: Ministries asked to move faster on PLI schemes
Ø SaaS startups firming up plans for IPOs
Ø Easing G-Sec yields: SDL average 10-year yield falls to 9-week low
Ø Financial bids for BPCL after September
Ø NTPC Darlipali Thermal Power Station's Unit 2 to start commercial operation from Sep 1
Ø Rs 21K-cr rights issue: Fundraise to lower leverage, says Mittal
Mint
Ø ICICI Bank crosses ₹5-trillion m-cap
Ø NCLT orders for attaching properties of Videocon promoters
Ø IT hiring in FY22 may cross peak on firm broad-based demand
Ø PV firms cut production due to semiconductor shortage
Ø NHPC signs MoU with PFC to fund hydro projects, acquisition of stressed projects
Ø 12 entities express interest in Yes Bank’s ARC proposal
Ø Policy harmonization will help our MSMEs create jobs
Ø Razorpay looks to raise up to $250 mn, eyes $4 bn valuation
Ø PI Industries’ investors draw comfort from CSM strength
Ø Higher prices, parts paucity may hit festive sales of autos
Ø India's space-tech startups steering a rough ride
Ø Former Mahindra Electric MD & CEO joins Hinduja EV arm, Switch Mobility
🇮🇳Business News Headlines
Economic Times
Ø Finance Ministry extends last date for availing GST amnesty scheme till November 30
Ø Three hospital chains to raise up to Rs 6,300 Crore via IPOs
Ø Ease of doing business still cumbersome at Grassroot level: CII CEOs Poll
Ø IDFC First Bank aims to grow retail loan book growth by 25%
Ø Tata Steel to invest Rs 8,000 cr in capex on India ops in FY22: CEO
Ø RCF, NFL share sale by Dec, govt to get Rs 1,200 cr
Ø MapmyIndia to file documents for $175 Million IPO on Monday
Ø OPEC+ could reconsider output increase, says Kuwaiti oil minister
Ø Indian Motorcycle expects to garner 25-30 pc share in India's premium motorcycle segment
Ø India's coal import rises 50% to 19 million Tonnes in June
Ø Dr Reddy's, Zydus Pharma recall products in US Market
Ø Baring Asia set to accept $3 billion Carlyle offer for Hexaware
Business Standard
Ø Bharti Airtel board approves Rs 21,000 crore Rights issue
Ø PayU aims to provide full-stack financial services to its customers
Ø KEC International to double civil business revenue to Rs 2,000 Cr in FY22
Ø Raymond Realty has expansion plans for several parts of Mumbai
Ø Lupin, Glenmark shift focus to inhalation and nasal Covid-19 Drugs
Ø Adani Electricity to roll out 700,000 Smart meters for Mumbai customers
Ø Air India asks US court to dismiss Cairn petition, says it is premature
Ø Rs 1.42-Trillion tied grant to villages for water, sanitation: 15th FC
Ø GIC Housing Finance's bad loans spike to 11.4% in Q1, solvency weakens
Ø Steel Industry to rebound strongly but MSMEs may trail: CRISIL SME Tracker
Ø China's Sinopec posts $6 bn profit on rebounding oil prices, better demand
Ø SpaceX launches shipment of ants, avocados, robot to space station
Financial Express
Ø Industrial-warehousing spaces leasing in Jan-June up 31 pc in top 5 cities: Report
Ø Start-up culture now vibrant in India: PM Modi
Ø Proposed FTA with UAE to boost jewellery, chemicals, engineering exports: Exporters
Ø FinMin extends deadline for making payments under Vivad se Vishwas scheme till September 30
Ø FSDC meeting on Sep 3; to take stock of economy, financial sector
Ø FPIs net buyers in Aug, invest Rs 986 cr in equities
Mint
Ø Centre plans to nudge NE states to restart output at ONGC wells
Ø Nazara eyes ₹100 Cr from real-money gaming biz
Ø Waaree set to file for ₹1,500 Cr share sale
Ø Wipro invites job applications for freshers hiring programme
Ø ICMR to advance research on linkage of Covid-19 and Cancer
Ø Rlys follows up on PM's I-day address, floats tender for 58 Vande Bharat rakes
Ø Pensioners' body urges PM Modi to exempt pension from Income Tax
Ø Franklin to give ₹2,918.5 Crore to unitholders of six debt MFs
Ø Nokia says telcos building pan-India 5G capacity to boost Business growth
Ø India extends ban on scheduled international flights till September-end
🇮🇳Business News Headlines
Economic Times
Ø A Company can run as a 'Going Concern' in Liquidation : NCLAT
Ø MEIL hands over second oil rig to ONGC; to supply 21 more by 2022
Ø Sebi comes out with modalities for accredited investors
Ø Tata Sons FY21 Profit up over 2x on TCS buyback
Ø Few takers for restructuring 2.0 amid demand recovery: CRISIL
Ø Infosys Public Services bags legacy modernisation deal from Manitoba Public Insurance
Ø Auto parts industry may see 20-23 pc jump in revenue during current fiscal: Report
Ø HDFC Bank lists $1-Bn AT-1 Bonds on IFSC exchanges
Ø India's wearable market logs over 118% growth to 11.2 million units in Q2: IDC
Ø Advantage Club raises $1.7 Million from Y Combinator, Broom Ventures, others
Ø Sporjo raises Rs 14 Crore in funding at Rs 70 crore valuation
Business Standard
Ø India allows Boeing 737 MAX Aircraft to fly 30 months after global ban
Ø 165k unorganised workers registered on first day of e-Shram portal launch
Ø Blackstone to get access to ASK's pool of HNI clients, domestic debt market
Ø MIAL raises Rs 7,200 Cr via NCDs and foreign loans, refinances debt
Ø SAIL aims to bring down borrowings to Rs 20,000 Crore
Ø SpiceJet doubles frequency of Cargo flights to China
Ø Flipkart strengthens its supply chain network ahead of the festive season
Ø Google-backed Dunzo scales revenue 1.6x in FY21, reduces losses by 43%
Ø Nayara Energy achieves Financial closure for Petrochemicals expansion
Ø Lenovo expands local manufacturing capacity to meet rising customer demand
Ø ED cracks whip on NBFCs, fintechs over high-cost micro loans, shady deals
Ø Govt approves extension of terms of three MD-CEOs, 10 EDs of PSU Banks
Ø Barclays Bank Plc infuses Rs 3,000 Cr in India ops to bolster business
Financial Express
Ø De Beers embarks on Brand Transformation, Lab-Grade Diamonds to Lower Price points
Ø Strategic Sale of Neelachal Ispat Nigam likely in two months
Ø Meity Startup Hub, Paytm collaborate to launch programme to support deep-tech startups
Ø RBI extends PIDF Scheme to street vendors covered under PM SVANidhi in tier 1, 2 centres
Ø Trai recommends reducing levies on satellite services, cutting out intermediaries to lower cost
Ø Loan delinquencies materially increased in SME, retail segments; NPLs may jump 50% in 2 years: Moody’s
Ø FM discusses key areas of cooperation for supporting recovery of BRICS nations
Ø Hiring activity witnesses 4% Sequential Growth in July: Report
Ø Comm Min for extending Anti-dumping duty on melamine from China
Ø ESG bonds likely to top USD 10 bn this year: JP Morgan
Mint
Ø Govt directs Central institutions to fill up vacant faculty posts by Sep ’22
Ø RBI imposes monetary penalty on 2 co-op banks, 1 NBFC
Ø Axel Springer to Acquire Politico
Ø Supreme Court to begin limited Physical hearings from 1 Sept
Ø Poonawalla Fincorp Rating upgrades to AA+
Ø Auto component industry needs to invest more on R&D: Maruti chairman Bhargava
Ø CSR Credit has to be used in 3 years: MCA
Ø Yahoo shuts down news sites in India over new FDI Rules
Ø Indian Pharma Industry to surpass $60 billion in two years
Ø US Jobless claims rise but hold near Pandemic low
🇮🇳Business News Headlines
Economic Times
Ø IHCL's board approves to raise up to Rs 3,000 Cr via rights issue
Ø After Tata Steel, AMNS India plans to bid for state-owned RINL
Ø NSE-BSE Bulk deals: CLSA Global Markets buys stake in RPSG Ventures
Ø Jio outpaces Airtel in June user adds; Vodafone Idea loses more: Trai
Ø BSE, NSE warn against trading in contract for difference
Ø Govt against merging ailing Voda Idea with BSNL-MTNL
Ø Tata, Adani companies among bidders for UP Transco
Ø ‘M&M has emerged much stronger after two Covid waves’
Ø NABARD's loans rise 25.2 % to reach Rs 6 Lakh Crore in FY21
Ø Monsoon to impact India's coffee production this year, say producers
Ø 16 Merchant bankers in race for managing LIC IPO
Business Standard
Ø Vedanta makes Natural Gas discovery in Gujarat block won in OALP round
Ø Maruti Suzuki to take 'appropriate action under law' on CCI penalty
Ø Eicher Motors re-appoints Siddhartha Lal as MD, revises pay structure
Ø Salaries rise for promoters of auto firms even as business faces headwinds
Ø Paytm, HDFC Bank tie up to develop payment products for new online ventures
Ø Govt to monetise 25 Airports over four years, to fetch Rs 20,782 crore
Ø Govt eyes Rs 35,100 Cr from partial sale of Bharatnet network, tower infra
Ø India's volatile rains may create challenges for inflation, says Barclays
Ø Canara Bank closes QIP by raising Rs 2,500 cr equity capital
Ø HDFC Bank to issue 300,000 Credit Cards a month to regain lost market share
Financial Express
Ø Foreign direct investments rise to $12.1 billion in May: Piyush Goyal
Ø Rs 6 lakh crore National Monetisation Plan announced for infra assets
Ø NSE warns against unregulated derivative products
Ø Sebi extends deadline for public comments on swing pricing mechanism proposal for MFs
Ø Tata Steel commissions 0.5 MTPA recycling plant in Haryana
Ø Sugar prices rise ahead of festive season
Ø Zomato invests over $100 million in Grofers
Ø FPIs pump in Rs 7,245 Crore in August so far
Ø Sebi cuts lock-in period for promoters to 18 months post-IPO
Ø AGS Transact Tech files draft papers with Sebi to raise Rs 800-cr via IPO
Mint
Ø India needs an ecosystem that’s conducive to MSME expansion
Ø Acme Solar inks land agreement to set up green ammonia plant in Oman
Ø Hindalco to invest $3 billion in five years
Ø Govt sets 15 Sept deadline for Infosys to fix tax portal glitches
Ø Adani group incorporates PLR Systems to manufacture defence equipment
Ø Govt notifies timeline to replace existing meters with smart prepaid meters
Ø ONGC looks at acquisitions to achieve 10 GW renewable capacity by 2040
Ø Mumbai court allows restoration of Nirav Modi's confiscated properties to PNB
Ø RattanIndia to form subsidiary for drone business
Ø Government to finalise investment bankers for LIC IPO this week
Ø Yes Bank Partners WheelsEMI for two-wheeler loans
Ø HCL Tech signs contract with Munich Re for digital workplace services
🇮🇳Business News Headlines
Economic Times
Ø Bharti Airtel moves SC with Review Petition in AGR Case
Ø Ujjivan SFB Chief Nitin Chugh steps down due to personal reasons
Ø Hindustan Zinc says No Change in Dividend Policy
Ø AU Small Finance Bank shareholders okay Rs 14,500 cr debt, equity raise plan
Ø GIC Housing Fin to seek shareholders' nod for raising up to Rs 2,500 Cr next month
Ø Institutions reject Lupin’s proposal on ESOPs
Ø Fortis Healthcare: Finally, signs of a turnaround
Ø Vi lenders demand additional collateral on existing loans
Ø Finance Minister Nirmala Sitharaman to meet CEOs of Public Sector banks on August 25
Ø Companies seek Clarity on Imported capital goods’ depreciation
Ø Baba Ramdev's Ruchi Soya gets go ahead from Sebi to float FPO
Business Standard
Ø Upcoming IPOs can add $160 Billion to m-cap: Credit Suisse
Ø Emcure Pharma files Draft paper for Rs 5,000 Cr IPO
Ø DoT to serve show-cause notice on Vodafone Idea over licence fee delay
Ø Well-positioned to handle challenges of another Covid wave: Dabur India
Ø ONGC offers 43 of its fields to operators for enhancing production
Ø Tata Steel announces Rs 270.28 Crore Annual Bonus for 2020-21
Ø TRAI suggests to create separate authorisation for access network provider
Ø Power Ministry circulates draft rules on clean energy, seeks comments
Ø HCL Tech appoints Fabiano Funari as the country head for Brazil
Ø Jet Airways Staff Unions challenge resolution plan, file appeal in NCLAT
Financial Express
Ø FPIs’ investment value in domestic equity surges 7 per cent to $ 592-bn in June quarter
Ø Cabinet nod for Rs 11,040 Crore National Mission on edible oils-oil palm
Ø Analyst Corner – ONGC: Maintain ‘buy’, capex guidance for FY22 at Rs 295bn
Ø HDFC Bank fixes coupon rate of USD 1 billion AT-1 bonds at 3.70%
Ø Tata Steel commissions 0.5 MTPA recycling plant in Haryana
Ø Pizza Hut ties up with HUL to add Kwality Wall's ice cream, desserts in menu
Ø Zomato invests over $100 Million in Grofers
Ø Sterlite Power Transmission files IPO papers with SEBI; Anil Agarwal-led firm looks to raise Rs 1,250-cr
Ø Sebi cuts lock-in period for promoters to 18 months post-IPO
Ø TCS market valuation races past Rs 13 Lakh Cr mark
Mint
Ø Rural consumption strong in Q1 despite blow from Covid 2.0
Ø RBI penalty may deter banks from installing more ATMs
Ø Recapitalization, demand revival to be key for SpiceJet
Ø Karvy Stock Broking Chairman C Parthasarathy held for bank loan default case
Ø L&T Infotech to offer jobs to 4,500 freshers in FY22 amid high attrition
Ø Govt notifies timeline to replace existing meters with smart prepaid meters
Ø ONGC looks at acquisitions to achieve 10 GW renewable capacity by 2040
Ø Mumbai court allows restoration of Nirav Modi's confiscated properties to PNB
Ø HAL signs ₹5,375 Cr contract with US firm for engines to power Tejas jets
Ø Sugar rally could help India to export 6 mn tonnes without subsidy
Ø Copper and Iron Ore tumble as growth fears roil metals markets
Ø India Ratings cuts GDP forecast to 9.4% for FY22
🇮🇳Business News Headlines
Economic Times
Ø Vodafone Idea Q1 Results point to Default risk amid weakening cash flows: Analysts
Ø Royal Enfield not taking EV Route for now, says Lal
Ø Tata Steel is in ‘no hurry’ to find buyers for Europe Business
Ø Success of new SUV launches will be key for M&M’s stock rerating
Ø China blue-chips slip as growth outlook falters
Ø Paytm staff eye Rs 600-Crore ESOP share conversion ahead of IPO
Ø Tata Motors partners with Bank of Maharashtra for passenger vehicle retail financing scheme
Ø Auto sector fears higher GST rate on certain parts after Supreme Court ruling
Ø Finance Minister Nirmala Sitharaman to meet CEOs of public sector banks on August 25
Ø DGH overhauls approval processes for oil, gas fields
Ø Tyre industry body ATMA urges government to allow duty-free import of natural rubber
Business Standard
Ø LIC, EPFO keen to set up fund for startups, says DPIIT official
Ø Ajmera Realty expects Rs 4,000 Cr revenue in 3-4 years from 7 projects
Ø Adani Group to acquire MBCPNL portfolio from Sadbhav Infra for Rs 1,680 Cr
Ø Poonawalla Fincorp plans to triple AUM to Rs 45,000 Cr by 2025
Ø Lupin gets tentative nod from USFDA to market partial-onset seizures drug
Ø Tariff hike key to Sector revival, says Vodafone Idea CEO Ravinder Takkar
Ø Aramco in advanced talks to buy stock worth $25 bn in Reliance
Ø Power ministry circulates draft rules on clean energy, seeks comments
Ø PE/VC investments touch all-time high of $9.5 Bn in July
Ø Latent View files draft papers with SEBI to raise Rs 600 Cr via IPO
Financial Express
Ø Afghanistan situation to impact trade with India: Exporters
Ø FM Nirmala Sitharaman says rules on retro tax to be framed soon
Ø WPI inflation eases to 11.16 pc in July; food, crude prices soften
Ø Sebi revises format for promoters, promoter group entities’ shareholding disclosure
Ø NCDEX launches futures contract on NCDEX GUAREX
Ø NBFCs raise record amount via commercial papers to fund IPOs
Ø RBI to pump Rs 50,000 Crore via G-SAP 2.0 in August
Ø BSE aims at 60 SME listings in 2021-22
Ø Sebi fines 11 Entities for violations related to dealing in Videocon Industries shares
Ø NBFCs raise record amount via commercial papers to fund IPOs
Mint
Ø Power ministry circulates draft rules on clean energy
Ø Tata Power Solar gets ₹386 Cr Leh project
Ø Blackstone offers to pay part of exit proceeds to key employees of Sona Comstar
Ø Microfinance Sector reports 14% sequential drop in loan portfolio in Q1
Ø India's $5 Trillion Economy goal by FY25 is at risk
Ø LatentView Analytics files draft papers to raise ₹600 Crore via IPO
Ø ONGC looks at acquisitions to achieve 10 GW Renewable capacity by 2040
Ø Just Dial Shareholders approve Reliance investment in EGM
Ø Reliance announces doubling of PET Bottles recycling capacity
Ø Vehicle Scrappage Policy could boost Auto sales going forward
Ø Cigarette Companies are caught between Death and Taxes
Ø India on Track to achieve 450 GW Renewable Energy target by 2030: Power Minister
🇮🇳Business News Headlines
Economic Times
Ø PNB Housing Finance plans Rs 35,000 Cr Debt Capital as Carlyle deal hangs fire
Ø Vedanta commits to invest $20 Billion across its Businesses
Ø GMR Infra plans to raise Rs 6,000 Crore
Ø Concor EOI to be issued soon, Centre to exit from PPL in FY22
Ø Jio may not be able to replicate Indian success in Europe: UBS
Ø Sebi eases Operational Procedure to make fee payments
Ø RIL makes Clean Energy move with $50 Million deal
Ø RBI looks to cut red tape to let cos raise funds overseas
Ø Retro tax: Cairn Energy Executives to meet finance ministry officials soon
Ø India to list LIC by current fiscal year end, says govt official
Ø Privatisation of PSUs back on track after COVID-induced setback: DIPAM Secy
Business Standard
Ø Margin Pressure may continue for MRF led by raw material costs, product mix
Ø India will fast track trade deals with six nations: Commerce Secretary
Ø Govt expecting very robust tax revenue this fiscal: Revenue Secy
Ø Govt will finish Air India, BPCL privatisation this fiscal: DIPAM Secretary
Ø YES Bank eyes own asset reconstruction company, invites EoIs from investors
Ø L&T sells Singoli-Bhatwari hydro project to Renew Power for Rs 985 cr
Ø Asset-right strategy to drive ITC's game-plan for hotels post Covid: MD
Ø Companies fight to protect margins as inflation reaches tipping point
Ø Margin pressure may continue for MRF led by raw material costs, product mix
Ø Telecom needs 'long overdue support' to keep 3+1 structure: Sunil Mittal
Financial Express
Ø PNB Housing Finance plans Rs 35,000 crore debt capital as Carlyle deal hangs fire
Ø Kharif sowing may remain 1 pc lower than last year on erratic rainfall: Report
Ø Economy picking up pace, industry needs to increase risk taking appetite: PM Modi at CII Annual Meeting
Ø Warburg Pincus backed Fusion Microfinance files draft IPO papers with SEBI; will raise over Rs 600 cr
Ø Govt expecting very robust tax revenue this fiscal: Revenue Secretary Tarun Bajaj
Ø Benchmark bond yield falls as crude oil prices soften
Ø RBI to pump Rs 50,000 crore via G-SAP 2.0 in August
Ø Chris Wood not giving up on US gold and gold mining stocks; may add Bitcoin holdings if prices fall
Ø Lenders in talks with Future Group to find alternatives
Ø Yields rise on CPI revision, liquidity normalisation move
Mint
Ø ‘Indian capital is taking more risks than global funds today’
Ø Fintechs got $2 bn in investments in Jan-Jun
Ø Privatization of banks should not need an alibi
Ø Oracle set to expand cloud services to public sector business
Ø Vedanta to invest upto $20 billion across businesses: Agarwal
Ø Finance Ministry releases ₹9,871 cr to 17 states as revenue deficit grant
Ø India's e-commerce market continues to grow at 5% rate per annum, says govt
Ø Cairn says 'monitoring situation' after India proposes to bury retro tax
Ø Reliance announces doubling of PET bottles recycling capacity
Ø Second covid wave dents Trent’s Q1 but recovery is gathering pace
Ø BSE's India INX to allow trading in foreign stocks
Ø Oil falls after US calls on OPEC+ to boost production
🇮🇳Business News Headlines
Economic Times
Ø India initiates anti-dumping probe against Chinese pharma chemical
Ø I-T Dept extends deadline for various tax compliances
Ø Over 48 Crore Covid vaccine doses administered in India so far: Govt
Ø Total Debt expected to rise to 61.7% of GDP in FY22: Minister
Ø NMDC iron ore output grows 3.6% to 11.96 MT in Apr-Jul
Ø Shrem Group aims to raise Rs 600 Cr by diluting stake in InvIT next week
Ø Sebi allows payments banks to act as investment bankers
Ø Kalpataru Power Transmission Q1 results: Net jumps nearly 3-fold to Rs 78 Cr
Ø Shipping Corp of India Q1: Net Profit declines 112% to Rs 159 Crore
Ø API imports stood at Rs 28,529 cr, exports at Rs 32,856 Cr in FY21: Mansukh Mandaviya
Ø Airtel Q1 net profit at Rs284 crore, ARPU at Rs 146; lockdowns weigh
Ø Leap raises $34 Million in funding
Ø Healthtech startup Onsurity gets $16 Million from Quona Capital, others
Business Standard
Ø Dabur India's profit after tax jumps 28.4%, beats Pre-Covid levels
Ø Adani Ports' net profit jumps 77% to Rs 1,342 Crore in June quarter
Ø Adani Enterprises Q1 FY22 Consolidated PAT at Rs 271 Crore, up 9 times YoY
Ø Bhavin Turakhia's email startup Titan raises $30 mn, valued at $300 Mn
Ø Ola Electric to ride into Two-Wheeler market with scooter launch on Aug 15
Ø Crops' share in agriculture and allied sector drops to 55.5%, shows data
Ø NBFCs sector will see 50-100 BPS increase in 90+dpd in FY22: ICRA
Ø IndusInd Bank gets empanelled as Agency Bank to RBI
Ø Govt, RBI, Sebi watching markets closely: FM Nirmala Sitharaman
Ø AUM of India-dedicated funds rise 8.3% in H1 of CY21 to $42 Billion
Ø Niti Aayog pitches for greater financial autonomy for state-owned discoms
Ø Ant Group's Profit falls 37% to $2.1 Billion after regulatory setbacks
Ø PepsiCo to sell Tropicana, other juices, to PE firm in $3.3 Bn deal
Financial Express
Ø Infra.Market raises $125 Million in funding led by TigerGlobal
Ø Bank of India Q1 Net Profit falls 15% on lower NII, higher provisions
Ø STL partners Facebook Connectivity to develop 4G, 5G Radio products
Ø IOB net profit jumps 170% to Rs 327 Cr in Q1 on rise in other income, robust recovery
Ø upGrad acquires edtech company KnowledgeHut
Ø Demand for MG-NREGS work still high, supply seems curbed
Ø At 17% in July, GST e-way bill generation highest in four months
Ø Free grains scheme costing Rs 2 Lakh Crore, helped reduce hunger: PM
Ø GST officers detect Rs 7,421 Cr tax evasion in April-June; recover Rs 1,920 Cr
Ø Efficient distribution sector essential for improving ease of doing business: Niti Aayog VC
Ø Vodafone Idea shares fall over 10% ; at 52-week low
Mint
Ø Actis eyes GIP’s Vector Green to bolster renewable capacity
Ø India seeks review of WTO e-transmissions moratorium
Ø GSPC sets out on fresh round of asset sales to reduce debt
Ø Dabur Profit up 28.42% in June quarter
Ø BharatPe joins unicorn club, valuation triples to $2.85 Bn
Ø Exxaro Tiles raises Rs23.68 Crore from 2 Anchor investors ahead of IPO
Ø Indian carmakers seek extra year to meet fuel efficiency rules: Sources
Ø India's Urea Import rises 8% to 98.28 lakh tonnes in 2020-21
Ø India's e-commerce market continues to grow at 5% rate per annum, says govt
Ø India sees uptick in hiring, around 42% above pre-Covid levels: Report
🇮🇳Business News Headlines
Economic Times
Ø US to accept fresh petitions for H-1B visas from August 2
Ø Over 25.82 lakh ITRs filed, 7.90 lakh e-PANs allocated at new IT e-filing portal: Data
Ø Cabinet clears amendments to GIBNA for insurance PSU privatisation; may table Bill this Session
Ø Concor Q1 results: Net Profit jumps multi-fold to Rs 251 Crore
Ø Union Bank of India Q1 results: Net profit zooms to Rs 1,181 cr
Ø Nasscom partners with UK government, UK India Business Council
Ø RBI cancels licence of Madgaum Urban Co-operative Bank Ltd, Margao
Ø India's Gold demand up 19% in April-June quarter at 76 tonne: WGC
Ø Vauld raises $25 million in funding led by Peter Thiel's Valar Ventures
Ø Strata raises $6 million from Kotak Investment Advisors, others
Ø Microsoft finalises strategic investment in Oyo at $9 billion valuation
Business Standard
Ø USFDA okays Biocon insulin Semglee as first interchangeable biosimilar drug
Ø Tata Sons subsidiary to buy 43.3% stake in Tejas Networks for Rs 1,850 cr
Ø Airtel Africa profit after tax zooms to $142 million in June quarter
Ø Nisus Finance to invest Rs 500 crore for stressed and incomplete projects
Ø Reliance Jio adds 3.5 Million users in May, Vodafone Idea & Airtel lose big
Ø Raymond Q1 net loss at Rs 157 cr; revenue from operations at Rs 826 cr
Ø Tech Mahindra Q1 net up 39.2% YoY to Rs 1,353 cr, revenues rises 12%
Ø ArcelorMittal Nippon Steel India EBITDA jumps 450% to $607 million
Ø Factoring Regulation Bill to open more credit facilities for MSMEs: FM
Ø Airport Privatisation gets a fillip as Lok Sabha passes AERA bill
Ø Rs 238 Cr spent so far for construction of new Parliament building: Govt
Ø Merchandise exports to grow 6.9% year-on-year in 2021-22: India Ratings
Ø Indian traders sign sugar export deals in advance as frost hits Brazil
Financial Express
Ø Demand for digital skills drives up attrition in IT Sector
Ø More than 3 GW solar projects held up due to rising module prices: Industry
Ø DLF to increase prices across residential products portfolio
Ø Punjab & Sind Bank reports Q1 net profit at Rs 174 cr
Ø Fintech startup Slice raises Rs 75.5 crore in debt funding
Ø Flyjac Logistics acquires 22.3 acre land from Macrotech Developers in Mumbai region
Ø Cognizant Q2 net income up 41.8 pc to $512 million; to hire 1 lakh people this year
Ø GST rate structure rationalisation on govt’s agenda, definitely going to happen, says CEA Subramanian
Mint
Ø World pledges $4B in push to repair Covid's education damage
Ø Coralogix raises $55 mn in Series-C funding to expand its footprint in India
Ø Welspun Corp Q1 net profit jumps 80% to ₹97 Crore
Ø PVR Q1 results: Net loss declines to ₹219.55 cr, Revenue grows to ₹59 cr
Ø Fed keeps rates unchanged in a relief to stock markets
Ø Intel collaborates with Education Ministry, CBSE for new ‘Ai for All’ program
Ø US Economy grew 6.5% in second-quarter: Report
Ø Knowledge lens launches Universal data diode to bring 100 % IT-OT security
Ø Car repair startup Fixcraft raises $1 million in Pre-Series A funding
Ø PHDCCI recommends special covid-19 bonds as substitute for market borrowing
🇮🇳Business News Headlines
Economic Times
Ø Apollo Global, Synergy Fund may invest Rs 1,500 Crore in JSW Cement
Ø Jio User additions to be strong, but per-user revenue a worry: Analysts
Ø 'Munjal family pact puts no curbs on Hero MotoCorp’s Electric Vehicle business plans'
Ø Boeing’s offer falls short of SpiceJet’s claim
Ø India’s weekly business activity falls after two months: Nomura
Ø Govt says 16,527 Companies struck off during April 2020-June 2021 period
Ø Bank NPAs decline to Rs 8.34 Lakh Cr at March-end 2021: Minister
Ø ITC’s Q1 performance alone unlikely to fire up stock
Ø United Spirits exits liquor delivery firm Hip Bar
Ø Tata Power to reduce emissions in alignment with SBTi
Ø Hitachi ABB Power Grids commissions Raigarh-Pugalur UHVDC link
Business Standard
Ø Suraksha ARC promises to restart stalled Jaypee Infra projects soon
Ø Tata Motors posts Rs 4,450 Cr loss in June qtr as chip shortage takes toll
Ø Bajaj Auto takes a different road from Ola in its EV journey
Ø Paytm eyes IPO by Oct-end, hopes to break even in 18 months
Ø Govt to sell 8% stake in Hudco via offer for sale; may get Rs 720 Crore
Ø India's GDP growth expected to be 8.8-9% in FY22: Care Ratings
Ø Surge in soybean prices rattles trade and poultry industry alike
Ø JSW Paints eyes 10% mkt share, spot among top-three paint players by 2025
Ø Byju's on an acquisition spree, buys Great Learning for $600 Mn
Ø Gaining ground: B30 assets see 39% rise in a year, shows Amfi data
Financial Express
Ø Future of real estate will be pinned on 3Rs - Relief, Restructure and Resilience
Ø Mutual funds: Swing pricing to restore trust in debt funds
Ø Indian auto component industry to have 20-23% growth in FY2022, says ICRA
Ø Bharat Petroleum to begin doorstep diesel delivery: Ties up with Humsafar India
Ø ACC rating – Neutral: Another solid set of numbers for company
Ø Asian Paints rating – Add: Firm’s focus on market share gains is paying off
Ø Quarterly earnings, global trends to drive equity market this week: Analysts
Ø Sebi to RTAs: Develop inter-operable platform to enhance investor experience in MFs
Ø Coffee exports declining, Covid causes shift in consumption patterns: Report
Mint
Ø Tata Motors expects govt to be consistent with support for local EV production
Ø Glenmark Life raises Rs454 Cr via 19 Anchor investors
Ø Biocon ties up with Adagio Therapeutics for antibody treatment of Covid-19
Ø ITC Q1 Profit up 29%, revenues grow 37%
Ø JSW Steel’s investment in paints unit is an arm’s length deal: Parth Jindal
Ø Kotak Mahindra Bank profit rises, asset quality worsens
Ø Reliance Retail to benefit from JD’s evolution into a Super App
Ø Dhanlaxmi Bank announces strategic alliance with SMC Global Securities
Ø Sebi says valuation must for all preferential allotment plans
Ø Bajaj Auto exports its way out of a slump
Ø India’s Banks need to wean off their dependence on retail loans
🇮🇳Business News Headlines
Economic Times
Ø NCGTC issues guidelines for Rs 50,000-cr Credit Guarantee Scheme for Medical infra
*Ø Year-on-year Kharif sowing trails by 11.56%, reservoir levels lower by 7% than previous year*
Ø Reliance goes shopping again, discovers Just Dial, acquires controlling stake in $700-million deal
Ø Bank of Maharashtra closes QIP, mops up Rs 404 crore from issue
Ø L&T Finance Holdings Q1 results: Profit rises by 20% to Rs 178 crore
Ø HDFC AMC Q1 results: Profit after tax rises by 14% to Rs 345 crore
Ø Paytm gears up for mega IPO, files DRHP for Rs 16,600 crore issue
Ø Forex reserves rise by $1.88 billion to record high of $611.89 billion
Ø PFRDA Pension subscribers' base jumps to 4.35 crore at end of June
Ø *Sales of listed Private Manufacturing cos jump 31 pc in Jan-Mar quarter*
Ø Central Bank of India to seek shareholders' nod to set off accumulated loss of Rs 18,724 Cr
Ø Hong Kong-based ADM Capital invests $25 million in Square Yards
Ø Delhivery gets $100 Million from FedEx subsidiary ahead of IPO
Business Standard
Ø Global Surge in Covid-19 cases a warning for us: PM Narendra Modi
*Ø Zomato IPO Subscribed 38 times, generates demand worth over Rs 2 Trillion*
Ø Northern Arc Capital files DRHP for IPO with market regulator Sebi
Ø OYO raises $660 mn term loan funding from Global institutional investors
Ø India's Economic Growth to start hitting 6.5-7% from FY23 onwards: CEA
Ø India's Gasoline sales jump above Pre-Pandemic levels, shows initial data
Ø Two vaccine doses successful in preventing 95% deaths, says ICMR study
Ø Banks consortium gets over Rs 792 crore in Mallya loan default case: ED
Ø Intel looks to buy AMD's spun-off unit for $30 billion: Report
*Ø India Targeting 20% Ethanol-blending with petrol by 2023-24: Piyush Goyal*
Financial Express
Ø Tata expands its footprints in Africa; Opens new showroom in Côte d’Ivoire
Ø Airtel Business, Cisco partner for connectivity solutions for enterprises
*Ø Xiaomi beats Apple, becomes World's 2nd Largest Smartphone maker*
Ø 4,000 mega-watt-hour storage tenders coming up: Union power minister RK Singh
Ø Urban men lost more jobs than women in second wave of COVID-19: CMIE
Ø Volume of direct benefit transfers rises 37 pc to 3.9 lakh crore transaction so far this year: Garg
Ø Investors to get option to block securities in demat accounts for sale transactions: Sebi
Ø FDI limit in NPS fund managers hiked to 74%
Ø IMD issues warning: Heavy rainfall likely over several parts of India, including northern region, in 6-7 days
Mint
Ø Faster Inflation takes toll on US Consumer Sentiment in July
Ø Veeda Clinical Research acquires majority stake in Bioneeds Preclinical
Ø DRDO launches Biodegradable Packaging products
Ø IPO of Tatva Chintan gets subscribed 4.55 times
Ø 79% consumers believe Household Earnings will decline in FY21-22: LocalCircles
Ø India's Power demand to rise even as capacity additions remain sluggish: Fitch
Ø TCS, Infosys, Wipro to hire more than 1 lakh freshers
Ø PNB MetLife announces Rs532 Crore Bonus for 4.6 Lakhs Policyholders
Ø China plans to exempt Hong Kong IPOs from Cybersecurity reviews
🇮🇳Business News Headlines
Economic Times
Ø Adani takes over Mumbai International Airport, becomes India's largest airport operator
Ø Centre caps trade margin on oximeters, nebulisers
Ø Vodafone Idea says fund raising talks continue as telco eyes Rs 25,000 crore target
Ø Bank of Maharashtra fixes floor price at Rs 24.89 per share for Rs 2,000 cr QIP
Ø Adani Electricity set to raise $300 million via sustainable offshore bonds
Ø Tata Metaliks Q1 results: Co posts profit at Rs 94 Crore
Ø Mindtree Q1 results: Net profit rises 8% QoQ to Rs 343 cr, beats estimates; firm sees record deal wins
Ø Zomato raises Rs 4,197 Crore from 186 anchor investors
Ø China-India trade on rise despite chill in bilateral ties, crosses USD 57 billion in H1
Ø S&P retains India's sovereign rating at 'BBB-' with stable outlook
Ø MPOWER Financing raises $100 million funding from Tilden Park Capital Management, others
Ø Thailand’s GPSC buys 42% in Avaada Energy for Rs 33.88 Billion
Ø CIL engages Accenture for mine digitisation; targets 100 MTs more by FY23
Ø Ennoventure raises $5 million in funding from Fenice Investment Group
Ø Student loans firm Mpower Financing raises $152.5 Million
Business Standard
Ø Serum Institute partners with RDIF to make 300 mn doses of Sputnik V
Ø NCLAT stays liquidation of Three C Homes; asks NCLT to consider options
Ø Cement demand recovers in June; capex calls disregard second wave: Ind-Ra
Ø Reliance considers bid for Centre's solar incentives in green push
Ø ASK announces new real estate-focused fund, targets corpus of Rs 1,000 cr
Ø NTPC set to construct India's largest solar power park in Kutch
Ø Maharashtra announces sops up to Rs 20 lakh for electric vehicles
Ø Housing sales in NCR up 24% in Jan-Jun; demand to grow in 2021: PropTiger
Ø Govt may extend scheme for investment promotion to attract investors
Ø Credit card buys seen 8% lower in Apr-June quarter, say analysts
Ø DBS Bank India eyes self-sufficiency in capital within next 3-5 yrs
Financial Express
Ø Airtel remains market leader in active subscriber base
Ø Temasek, IFC buy out Upgrad Espos worth Rs 220 crore
Ø Quarterly results: PepsiCo reports double-digit Q2 growth in India
Ø BASF Venture Capital invests in hydroponic cultivation startup UrbanKisaan
Ø Startup firm Aquaconnect raises $4 million funding
Ø Patanjali Group clocks Rs 30k Cr turnover in FY’21; aims to be debt free in 3-4 years
Ø Boeing cuts production on the 787 to address flaw
Ø SJVN to build 679-MW hydro plant in Nepal
Ø Bond yields stay firm on lower June inflation print
Ø States lift 15.3 lakh ton foodgrains so far for free distribution during July-Nov
Ø Power demand in India expected to grow 6 pc in FY22: ICRA
Mint
Ø Miner NMDC to list demerged steel business in the bourses
Ø AdmitKard raises ₹10 Cr from group of investors
Ø Southwest Monsoon covers entire India after 5-day delay; Delhi gets first rains
Ø Google Fined $593 Million In France over treatment of news publishers
Ø US consumer prices jump most since 2008, topping all estimates
Ø Finance Ministry puts PSU banks clerical cadre exams on hold
Ø WHO warns against mixing, matching Covid vaccines; calls it a 'dangerous trend'
Ø Goldman Sachs Q2 Profits beat forecasts; boosts dividend
Ø Amazon Warehouse aims to go public as single-property business
🇮🇳Business News Headlines
Economic Times
Ø Revised wage rate index likely next month; base year to be 2019
Ø FPIs pull out Rs 2,249 Crore from Indian Equities in July so far
Ø EaseMyTrip aims 100% Growth this year
Ø Franklin Templeton MF Unitholders to get Rs 3,303 Crore in fifth tranche
Ø Indian Tea Exports likely to fall nearly 15 per cent in 2021
Ø Govt extends deadline for transaction, legal advisors to bid for managing IDBI Bank sale till July 22
Ø Mahindra Finance expands its global footprint, acquires 58.2% in Ideal Finance
Ø TV maker Super Plastronics aims to be Rs 1,000-Cr company in current fiscal
Ø India's power consumption rises 18 per cent to 30.33 BU during July 1-7
Business Standard
Ø Vedanta among 11 Bidders vying for Videocon's Brazil assets worth $2 Bn
Ø Maruti shifts Dzire production to Gujarat to create space for new launches
Ø Centre seeks Legal opinion to let BPCL sell subsidised LPG after stake sale
Ø Safesea Group gets approval to bid for Shipping Corporation of India
Ø Restructured loans of non-bank financials to double by March: ICRA
Ø Tax changes for large firms may not be ready until 2022: Janet Yellen
Ø India's Coal import rises 20 pc in May; volumes may be subdued in monsoon
Ø India Inc expects swifter recovery from second wave of Covid-19 pandemic
Ø Twitter India releases its transparency report under new IT rules
Ø Hero Electric Vehicles to invest Rs 700 crore in business expansion by 2025
Financial Express
Ø High iron-ore, pellet prices forcing small secondary steel units to close shops
Ø 74 pc people in Trai’s DND list still getting pesky messages: Survey
Ø E-commerce exploitation through e-retailers’ unethical practices forced lakhs of shops to close: CAIT
Ø CIFL may explore inorganic route to grow its technical capability
Ø RTP Global, founders of Cred, ShareChat, Snapdeal, others invest in online truck booking portal for SMEs
Ø Weaving success: New textiles minister Piyush Goyal to review Rs 10,683-crore PLI scheme
Ø Kharif sowing picks up pace, even as rainfall gets delayed
Ø Over 90% jump in direct tax receipts in Q1, annual target may be surpassed
Ø Govt identifies items for customs exemptions review, seeks industry views
Mint
Ø EPFO likely to invest part of its corpus in InvITs
Ø Big insurance companies launch net-zero climate alliance
Ø MG Motor, Fortum India to set up 50kW fast charger for EVs in Pune
Ø STPI signs six MoUs to strengthen startup ecosystem
Ø China's automobiles sales drop amid shortage of car chips
Ø Jaishankar to visit Central Asia this week for SCO, connectivity meets
Ø GST authorities detect fake invoices worth ₹551 Crore
Ø DMRC to deploy Train operators hired via pvt agency on contract on Yellow Line
🇮🇳Business News Headlines
Economic Times
Ø JSPL plans over Rs 1 Lakh Crore Investment in Odisha in next 10 Years
Ø Lenders discuss option to invite fresh bids for RCom's assets with resolution professional
Ø Tata Steel sees 73% of biz from India over 10 years
Ø Tata Power shareholders approve reappointment of N Chandrasekaran as director
Ø NSE-BSE bulk deals: Texas retirement fund buys stake in H.G. Infra
Ø Chip shortage to affect Tata Motors' near-term profitability
Ø Piramal Capital to raise up to Rs 1,000 crore via NCDs
Ø Reliance Infra gets shareholders nod to raise up to Rs 551 Cr via Preferential Allotment
Ø Sebi seeks info on Trades by execs of big cos where Promoters hiked stake
Ø DHFL resolution: NCLAT issues notices to lenders, Piramal on 63 Moons Tech's plea
Ø Tycoon Gautam Adani seeks $1 Billion to refinance Mumbai airport debt
Business Standard
Ø PNB advises Housing arm to rejig Carlyle deal as per Sebi order
Ø Matrimony.com to buy wedding planning firm ShaadiSaga for Rs 11 Cr
Ø JSPL announces over Rs 1 Trillion Investment in Odisha in next 10 Years
Ø Private banks' loan books shrink in Q1 amid second wave of Covid-19
Ø NCLAT issues notices to lenders, Piramal on 63 Moons Technologies' Plea
Ø PNB advises Housing arm to rejig Carlyle deal as per Sebi order
Ø Edtech firm upGrad earmarks $250 mn for M&A, non-linear growth
Ø Vedanta's funding ops to improve on raising debt cap at subsidiary: S&P
Ø Bajaj Finance books fewer new loans in June Quarter over March
Ø Govt's move to bring DPE under FinMin to aid privatisation process
Financial Express
Ø Fitch cuts India growth forecast to 10 pc, says rapid vaccination to support revival
Ø Cabinet Reshuffle 2021: From Health Minister Harsh Vardhan to MoS Babul Supriyo, 12 union ministers lose cabinet berths
Ø Info Edge reduces OFS size in Zomato IPO by half
Ø Increasing imports of tea a matter of great concern
Ø Sebi levies nearly Rs 23 Lakh fine on 16 entities
Ø Some states to roll out labour reforms in 3-5 months
Ø Indian IT industry to post strong recovery with 11% revenue growth in FY22: Crisil
Ø Sebi cuts time period for filing application to obtain NOC for release of 1 pc of issue amount
Ø CapitaLand launches Rs 2,250 Cr fund to develop logistics parks in India
Ø RBI notifies inclusion of retail, wholesale trade under MSME category
Mint
Ø PNB tells housing arm to propose fresh plan, reconsider ₹4,000 Cr Carlyle deal
Ø Coal shows its staying power as economies bounce back
Ø Cabinet reshuffle: PM Modi meets BJP MPs ahead of rejig
Ø Paytm reshuffles board before floating mega IPO
Ø JK Tyre collaborates with Hyundai Motor for its new vehicle Alcazar
Ø Investment advisors cannot take power of attorney from clients: Sebi
Ø Indian banks to see bad loans peaking post FY23: Fitch
Ø Tata Power sets up fast EV charging station at Statue of Unity, Gujarat
Ø Clean Science and Technology's favourable financials reflect in IPO Valuations
Ø ‘India will contribute to being an engine of growth for Global Economy’
Ø India's domestic traffic was 71% lower in May 2021 compared to May 2019: IATA
🇮🇳Business News Headlines
Economic Times
Ø Greater Noida Authority invites bids for ready to move shops, kiosks
Ø Byju’s posts Rs 262 Crore consolidated loss in FY20, revenue up 82%
Ø Govt shortlists 33 cos to benefit from Rs 12,000-crore telecom incentives
Ø Sebi to auction properties of Vibgyor, MPS Group of cos, Pailan Group of cos on Oct 4
Ø Tamilnad Mercantile Bank files DRHP for IPO with Sebi
Ø Edelweiss' Rs 400 crore public NCD oversubscribed
Ø Govt procures record 890 lakh tonnes of paddy for Rs 1.68 lakh crore so far this marketing year
Ø OVL in talks to buy stake in Russia's Vostok, Arctic LNG-2 project
Ø IREDA inks pact with TANGEDCO for renewable energy projects
Ø Power Infrastructure major Techno Electric plans $1 billion investment in data centers
Ø Biddano raises $2 Million from Coinbase, Pinterest board member, others
Ø Dukaan gets $11-million funding from 640 Oxford Ventures, others
Business Standard
Ø NMDC reduces prices, steel companies roll over Prices in September
Ø Capex Growth by states to be slower than target for FY22: CRISIL
Ø Parl Panel raises concerns with Sebi over high retail participation
Ø ADB approves $150 Mn loan to improve urban housing in Tamil Nadu
Ø Quality of rated debt dips in August 2021: CARE Ratings
Ø Equitas SFB expects to recast loans up to Rs 700 Crore by December
Ø Gold imports nearly double in August as prices dip ahead of festivals
Ø 75% kids see literacy loss as most schools remain shut, says survey
Ø Sebi bans 85 entities from Capital markets for fraudulent trading
Financial Express
Ø TSSC, BetterPlace tie up to facilitate frontline workforce hiring for Telecom sector
Ø Cargo traffic at major ports rises by 11.43 pc in August
Ø VIL’s balance sheet woes may impact financial lenders, others; govt support critical: ICRA
Ø LPG accounts for nearly 10% of monthly expenditure of rural households: Report
Ø Hesitancy to turn up for MGNREGS work on the decline as Covid scare subsides
Ø Net direct tax receipts up 95% on-year in FY22
Ø Ethereum competitor Solana ousts Dogecoin to become 7th largest cryptocurrency in the world
Ø Chemspec Chemicals, Northern Arc Capital get Sebi’s nod to float IPO
Ø Sugar output may drop to 30.5 mn tn next season with more cane diversion to ethanol
Mint
Ø Hetero’s drug to treat covid gets DCGI nod
Ø India administers more than 1 cr covid-19 doses, thrice in last 11 days
Ø Aluminum hits decade high after Guinea coup imperils bauxite supplies
Ø Goldman’s Petershill to list $5 Billion vehicle in London
Ø NTPC to partner NIIF, ONGC to buy green Energy Projects
Ø TARC sells part of warehousing asset to Blackstone for ₹295 Crore
Ø Welspun becomes first Indian firm to get US FDA nod for 3 ply surgical masks
Ø Honeywell ties up with ICT Academy, to invest ₹10 Crore in skill building
Ø BMW orders ₹1.75 Lakh Crore batteries as Electric vehicle demand grows
Ø Vernacular edtech Vidyakul raises $500K in bridge round led by We Founder Circle
🇮🇳Business News Headlines
Economic Times
Ø REC seeks Shareholders nod to raise up to Rs 85,000 Cr via bonds, debentures
Ø Maruti to hike prices third time this year as input costs pinch
Ø Bank of India announces closure of QIP issue; raises Rs 2,550 Cr
Ø Vijaya Diagnostics mobilises Rs 566 Cr from anchor investors
Ø RIL eyes billion-dollar REC buy for solar push
Ø NSE-BSE bulk deals: KKR Mauritius sells stake in Coffee Day Enterprises
Ø Ami Organics raises Rs 171 Crore from anchor investors ahead of IPO
Ø Ola IPO to hit the Street early 2022
Ø SBI to raise up to Rs 4,000 Crore via AT1 bonds
Ø Unitholders of Franklin’s six shut debt schemes to get Rs 2,918 Crore
Ø Chinese investment flows via hybrid route under lens
Business Standard
Ø IIFL Group case: Sebi refuses to lift capital market ban on 6 individuals
Ø OPEC+ committee expects oil market to return to surplus in 2022
Ø BSE StAR MF registers 14.1 Million transactions worth Rs 36,277 Cr in Aug
Ø Homegrown firm MapmyIndia files draft papers for IPO with Sebi
Ø Peak margin norms to hit market depth without impacting on trading volumes
Ø Airtel's fundraise to provide ammo for 5G, fortify position: Analysts
Ø India power-sector financier REC plans first loan using Libor heir
Ø Grasim Industries to invest Rs 2,600 Crore in capex in FY22
Ø Bharti Airtel clarifies on Google investment buzz
Ø Moody's assigns B1(hyb) Rating to Axis Bank's proposed AT-I capital bonds
Ø Airtel's Rs 21k-cr rights issue may open exit door for Voda Idea: Analysts
Financial Express
Ø Non-food bank credit grows at 6.2 per cent in July: RBI data
Ø Bank credit grows 6 per cent in June
Ø Kotak Bank to sell 20 cr shares of Airtel Payments Bank to Bharti Enterprises for Rs 294 cr
Ø Low-grade imports: DPIIT mulls quality control curbs for 45 more products
Ø Coal shortage drives spot power prices to record high of Rs 20 per unit
Ø Tracking investments: Ministries asked to move faster on PLI schemes
Ø Institutional shareholders voting against top brass’ resolutions in AGMs
Ø JSPL gets board approval to raise $1 bn
Ø Financial bids for BPCL after September
Ø NTPC Darlipali Thermal Power Station's Unit 2 to start commercial operation from Sep 1
Ø Rs 21K-cr rights issue: Fundraise to lower leverage, says Mittal
Mint
Ø Four Tesla models get green signal in India
Ø NCLT orders for attaching properties of Videocon promoters
Ø IT hiring in FY22 may cross peak on firm broad-based demand
Ø L&T’s IT arms drive valuations, but order inflows matter more
Ø NHPC signs MoU with PFC to fund hydro projects, acquisition of stressed projects
Ø GCPL stock appears to factor optimism adequately for now
Ø Policy harmonization will help our MSMEs create jobs
Ø Mumbai court allows restoration of Nirav Modi's confiscated properties to PNB
Ø Coal stocks with CIL adequate to meet power demand surge, says govt
Ø Higher prices, parts paucity may hit festive sales of autos
Ø India's space-tech startups steering a rough ride
Ø Economy recovers 20.1% in June quarter from a low base
🇮🇳Business News Headlines
Economic Times
Ø IDBI Bank Board okays divesting entire 19% Stake in ARCIL
Ø Telecom Sector FYQ4 AGR up 2% on-Quarter: TRAI
Ø Nazara acquires Skill Gaming Platform OpenPlay for Rs 186.4 Crore
Ø 10 Banks selected to manage LIC IPO
Ø India's forex reserves fell to $616.9 Billion as of August 20
Ø States' fiscal deficit to moderate to 4.1 pc of GDP in FY'22: India Ratings
Ø Bank Credit grows by 6.55%; Deposits by 10.58%
Ø Indiagold gets $12 Million funding from PayU, others as gold loans surge
Ø Amazon-backed Rivian seeks $70-80 Billion valuation in IPO: Report
Business Standard
Ø Fed Chair says taper could start in 2021, with no rush on rate hike
Ø Sebi bars Kotak AMC from launching FMPs for six months, imposes fine
Ø India, Australia aim to announce early harvest trade deal by December
Ø Berger Paints eyes Rs 10,000 Crore turnover in three years
Ø Mahindra Defence Systems bags Indian Navy contract worth Rs 1,349.95 Crore
Ø Grasim Industries to invest Rs 2,600 Crore in capex in FY22
Ø MCA is working to issue code of conduct for creditors under IBC: Verma
Ø Air travel sees recovery, hotels and travel firms see brisk weekend demand
Ø Internet users up nearly 4% to over 825 Million in Q4 of FY21: TRAI data
Ø Global iron ore production growth to average 3.6% between 2021-25
Ø RBI holds talks with SFBs on enhanced board oversight, risk management
Ø China tech rally ends on report of new IPO rules; Alibaba Group falls 3.9%
Ø Poor monsoon likely to hurt India oilseed, cotton output, says NCML
Financial Express
Ø UPPCL receives Rs 4,900 Crore loan from Power Sector lenders PFC-REC, clears generating companies’ overdues
Ø Investors asked to vote against JSPL plan to sell 96.42% in Jindal Power
Ø Indian Oil to invest Rs 1 lakh crore in next 4-5 years to boost refining capacity
Ø Animation, Gaming sector can help take services exports to USD 1 Trillion in next 10 yrs: Goyal
Ø US Court sets timelines for Cairn-India legal case
Ø Paddy planting down 1.23 pc so far due to deficit rains in some states
Mint
Ø Income Tax Dept detects ₹350 Cr unaccounted cash receipts after raid in Rajkot
Ø India administers record 1 Crore Covid vaccine doses on a single day
Ø M-cap of BSE-listed companies rises to record ₹243.73 Lakh Cr
Ø US consumer spending slows in July; monthly inflation moderates
Ø Govt launches QSim to aid quantum computing research in India
Ø OPEC+ seen sticking to planned output hike as oil prices rebound
Ø China plans to ban US IPOs for data-heavy tech firms
Ø India to shortly call green Hydrogen bids for 4 GW electrolyser capacity
Ø Reliance Life gets SEC nod for clinical trials of 2-dose Covid-19 vaccine
Ø Indian e-bike company EMotorad opens first overseas showroom in Dubai
Ø Global Crypto funds’ AUM soars 57% in a Month to $55 Billion
🇮🇳Business News Headlines
Economic Times
Ø Bank of India approves Rs 3,000 Cr QIP, sets floor price at Rs 66.19 per Share
Ø NSE-BSE bulk deals: Think India Opportunities Fund sells stake in Capacite Infraproject
Ø Sebi slaps Rs 6 Lakh fine on Capital First for disclosure lapses
Ø Belstar Microfinance to raise Rs 350 Crore via equity
Ø ReNew Power lists in US via SPAC, MCap hits $4.5bn
Ø Rakesh Jhunjhunwala picks up 1.6% in Canara Bank
Ø Infosys becomes 4th Indian company to touch $100 Billion m-cap
Ø Procter & Gamble Q4 Net Profit down 29% to Rs 49 Crore
Ø Delhivery acquires Spoton Logistics ahead of planned IPO
Ø Sequoia-backed beer maker Bira 91 plans fifth brewery before IPO
Ø Punjab & Sind Bank sets off accumulated losses of Rs 3,577 Cr
Business Standard
Ø Auditor flags Tata Steel Europe's ability to carry on as going concern
Ø Centre hikes sugarcane FRP to Rs 290/quintal; rules out raising sugar price
Ø SBI Balanced Advantage NFO gets Rs 12,000 Cr, best ever among active funds
Ø Sebi orders defreezing of bank, demat accounts, MF folios of Rana Kapoor
Ø Banks have been asked to create state-wise plans for north-east: FM
Ø NSE bans members from selling digital gold after Sebi flags concerns
Ø Bharti Airtel board to meet on August 29 to mull capital raising options
Ø Global investors wary about India, intrigued by retail buying: UBS
Ø Jeh Wadia quits 2 Wadia firms, exits boards of all listed group companies
Ø India's GDP likely to grow at 18.5% in Q1FY22: SBI report
Financial Express
Ø Infosys to set up new digital development centre in Canada
Ø Govt mulls bringing amendments in Budget session for direct listing of securities abroad
Ø Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22
Ø 16 merchant bankers in race for managing LIC IPO
Ø Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22
Ø NSE warns against unregulated derivative products
Ø Zomato invests over $100 million in Grofers
Ø FPIs pump in Rs 7,245 crore in August so far
Ø Sebi cuts lock-in period for promoters to 18 months post-IPO
Ø Panel aims to double manufacturing exports in 5 years, slash imports
Mint
Ø Future Retail appoints Sadashiv Nayak as CEO
Ø HDFC Bank offloads 2% stake in CDSL for ₹223 Cr
Ø Paytm allots 166 former and current employees shares before IPO
Ø RBI approves re-appointment of Sandeep Bakhshi as ICICI Bank CEO
Ø NHPC signs MoU with PFC to fund hydro projects, acquisition of stressed projects
Ø Domestic air travel bookings pick up pace amid festive season
Ø Mumbai court allows restoration of Nirav Modi's confiscated properties to PNB
Ø RattanIndia to form subsidiary for drone business
Ø Government to finalise investment bankers for LIC IPO this week
Ø Bharti Airtel and Jio to gain from strong traction in FTTH segment
Ø FMCG cos not worried about monsoon deficit
🇮🇳Business News Headlines
Economic Times
Ø Karnataka Bank plans to raise Rs 6,000 Cr via debt
Ø FPIs invest Rs 5,001 Cr in Indian equities so far in August
Ø Three insurance-related firms to raise Rs 10,000 Cr through IPOs
Ø Nirmala Sitharaman to launch National Monetisation Pipeline on Aug 23
Ø FM Nirmala Sitharaman launches new fund for MSMEs
Ø Post LIC IPO, 60% of insurance biz to be with listed entities: FinMin official
Ø 483 infra projects show cost overruns of Rs 4.43 lakh crore
Ø Vi lenders demand additional collateral on existing loans
Ø NABARD's loans rise 25.2 per cent to reach Rs 6 lakh crore in FY21
Ø Kamdhenu Group plans Rs 200 Crore investment to expand paints biz; aims Rs 1000 Crore revenue in 5 years
Ø Greenply Industries expects WFH to have positive impact on branded plywood manufacturers
Business Standard
Ø Pharma companies lead topline growth in Q1FY22: ICICI Direct Research
Ø GAIL to foray into hydrogen generation, scale up its renewable portfolio
Ø Major tariff hikes by telcos unlikely in the short-run: Analyst
Ø Tata Realty to invest Rs 4,000 Cr in residential, commercial projects
Ø ONGC offers 43 of its fields to operators for enhancing production
Ø $17.2 Bn infused in Indian startups by VC firms during Jan-July: Report
Ø Trai suggests to create separate authorisation for access network provider
Ø Power ministry circulates draft rules on clean energy, seeks comments
Ø Railways suffered Rs 36,000 Cr loss during pandemic: Raosaheb Danve
Ø Jet Airways staff unions challenge resolution plan, file appeal in NCLAT
Financial Express
Ø India's exposure to US securities jumps over $20 bn in 3 months; touches $220.2 Bn in June
Ø Footwear retailer Metro Brands files IPO papers with Sebi
Ø Sebi keeps Adani Wilmar’s Rs 4,500-cr IPO in abeyance
Ø Sebi extends deadline for public comments on swing pricing mechanism proposal for MFs
Ø Tata Steel commissions 0.5 MTPA recycling plant in Haryana
Ø Pizza Hut ties up with HUL to add Kwality Wall's ice cream, desserts in menu
Ø Zomato invests over $100 Million in Grofers
Ø Sterlite Power Transmission files IPO papers with SEBI; Anil Agarwal-led firm looks to raise Rs 1,250 Cr
Ø Sebi cuts lock-in period for promoters to 18 months post-IPO
Ø Cooking gas LPG price hiked by Rs 25 per cylinder
Mint
Ø Rural consumption strong in Q1 despite blow from covid 2.0
Ø RBI penalty may deter banks from installing more ATMs
Ø Recapitalization, demand revival to be key for SpiceJet
Ø Karvy Stock Broking Chairman C Parthasarathy held for bank loan default case
Ø L&T Infotech to offer jobs to 4,500 freshers in FY22 amid high attrition
Ø Govt notifies timeline to replace existing meters with smart prepaid meters
Ø ONGC looks at acquisitions to achieve 10 GW renewable capacity by 2040
Ø Mumbai court allows restoration of Nirav Modi's confiscated properties to PNB
Ø HAL signs ₹5,375 Cr contract with US firm for engines to power Tejas jets
Ø Sugar rally could help India to export 6 mn tonnes without subsidy
Ø Infosys chief summoned by FinMin, asked to explain tax portal glitches
Ø The IPO charm is waning; revival hinges on lowering expectations
🇮🇳Business News Headlines
Economic Times
Ø RBI lifts ban on HDFC Bank issuing Credit Cards
Ø Motorola expects India business to grow at least in triple digits
Ø India's investment in US Treasuries goes up 10 per cent in three months
Ø SBI Card raises Rs 500 cr by issuing bonds
Ø India likely to withdraw sugar export subsidies from new season
Ø NPS' non-govt subscriber base crosses 30 lakh-mark; corpus to hit Rs 1 Lakh Cr soon: PFRDA
Ø Relief for Exporters: Govt notifies rates, guidelines for 8,555 products under Export Promotion scheme RoDTEP
Ø HCL Technologies has signs five year deal with German chemical firm Wacker Chemie AG
Ø Bharat Dynamics, MBDA sign pact to set up facility for Air-to-Air Missile in Telangana
Ø Walmart beats US sales estimates, raises forecast as people return to stores
Ø Tata Power-DDL, Siemens Limited tie up for deploying 2 lakh smart electricity metres
Ø JSW Infra plans Rs 10,000 Crore Capex, to raise $400 million via bond issue
Ø Serum Institute buys 50% stake in packaging JV SCHOTT Kaisha
Ø Digital health startup Navia Life Care raises $1 Million in funding
Ø Klub gets $20 million funding, to deploy Rs 500 crore for local brands
Business Standard
Ø Inflation has peaked and is likely to stabilise going forward: RBI
Ø India asks US court to reject Cairn Energy's $1.2 Billion suit
Ø SpiceJet kicks off cargo business sale; valuation at Rs 2,500 Crore
Ø HAL inks Rs 5,375 Cr contract for supply of engines for Tejas aircraft
Ø ReNew Power to list on Nasdaq this month, RMG investors approve merger
Ø 8 Law firms in race to advise on sale of Govt's 45.48% stake in IDBI Bank
Ø Cognizant acquires a digital engg firm, its sixth acquisition in 2021
Ø USFDA's drug approvals for Indian firms halved in H1CY21: Report
Ø Flipkart adds new facilities in Maharashtra, to create 4,000 Jobs
Ø 80% fee cut for recognised institutes applying for patents: Piyush Goyal
Ø Auto-debit bounces dip in July as financial stress eases for borrowers
Ø RateGain Travel files draft papers with Sebi to raise funds via IPO
Ø 84% in BofA Fund manager survey says US Fed will signal taper by year end
Ø Six Franklin MF shuttered schemes have Rs 1,981 Cr cash for distribution
Ø Sebi cuts Lock-in period for promoters to 18 months post-IPO
Ø UK lifts 'all but essential' travel advice for India as Covid pressure ebbs
Financial Express
Ø Vodafone Idea tweaks prepaid tariffs to boost realisations
Ø Supreme Court refuses to entertain banks’ plea for RTI exemption
Ø Three firms submit bids for Reliance Naval and Engineering
Ø Intel announces high-performance consumer GPU brand Intel Arc
Ø Samsung partners NSDC to train 50,000 youth for electronics retail sector
Ø Agri-start up Agdhi bags $70,000 Grant for ‘SeedVision’
Ø Retail sales touch 72 per cent of pre-pandemic levels; businesses eye festive season boost: RAI
Ø MyGlamm acquires BabyChakra, to invest Rs 100 cr in mom-baby content-to-commerce platform
Ø Inflation likely to stabilise rest of the year: RBI's August bulletin
Mint
Ø Govt mulls proposal to bring LLPs, PSBs under CSR ambit
Ø ICMR Projects export of 62 Crore Covid testing kits between July and September
Ø MedPlus Health Services files DRHP for ₹1,639 Cr IPO
Ø India's Cumulative COVID-19 Vaccination coverage crosses 56 Crore mark
Ø Centre announces ₹1,300 Crore Covid response package for Northeast
Ø Indian arbitrator asks Renault-Nissan to pay workers ₹70.84 Crore interim dues
Ø Oxford Properties to buy $2.2 Billion in industrial properties from KKR
Ø Canara Bank opens ₹2,500 crore QIP; floor price set at ₹155.58 per share
Ø BHP bets on lower-carbon world with petroleum exit, $5.7 Billion Potash project
Ø Pfizer to sell $1 Billion bond to help fund Covid-19 vaccine production
🇮🇳Business News Headlines
Economic Times
Ø Tata Motors lines up new models, to add 250 Sales outlets
Ø IOC to Reliance, India's Hydrogen push gains traction
Ø Usha International eyes 40% Retail Sales Growth this fiscal
Ø Baring Asia in talks to raise $600 Million offshore debt to finance Hinduja Global buy
Ø Bank of Maharashtra tops PSU peers in Q1 loan, Saving deposit growth
Ø Paradeep Phosphates files IPO Papers with Sebi
Ø Vodafone open to settling retrospective tax row with India
Ø CIL's auction booking up 29% in Apr-Jul’21 as global coal prices soar
Ø Finance Minister Nirmala Sitharaman to meet CEOs of Public sector banks on August 25
Ø DGH overhauls approval processes for oil, gas fields
Ø All two-wheelers sold in India should be electric by 2025: Ola CEO Bhavish Aggarwal
Business Standard
Ø Domestic Flat Steel prices unlikely to go up anytime soon: Tata Steel CEO
Ø Govt's Rs 100 Trn Infra plan to ensure all-round development: Industry
Ø Over 5 Million investor registrations since April this year: NSE Chief
Ø Retro tax scrapping revived foreign interest in India's privatisation plan
Ø FPIs invest Rs 2,085 Crore in Indian equities so far in August
Ø Vi lost 12.4 Mn subscribers in the first quarter, most since March-end 2020
Ø Govt may set up independent regulatory authority for e-commerce sector
Ø Sebi decides on marking lien on demat accounts
Ø Market intelligence platform Tracxn Technologies files IPO papers with Sebi
Ø Go Fashion files IPO papers with Sebi, plans to raise Rs 125 Cr
Financial Express
Ø Pandemic hits India's prospects to become $5 Trn economy by FY25: Economist
Ø Key tax refund scheme for garment exporters extended
Ø Govt woos US investors to explore opportunities in power, renewable energy sector
Ø Sebi revises format for promoters, promoter group entities’ shareholding disclosure
Ø BSE’s India INX to allow trading in foreign stocks
Ø NBFCs raise record amount via commercial papers to fund IPOs
Ø RBI to pump Rs 50,000 Crore via G-SAP 2.0 in August
Ø BSE aims at 60 SME listings in 2021-22
Ø Sebi fines 11 entities for violations related to dealing in Videocon Industries shares
Ø Sequoia Capital-backed ixigo files IPO papers with SEBI; looks to raise Rs 1,600 Crore
Mint
Ø PM Modi to unveil $1.35 Trillion Infrastructure plan
Ø Tata Power Solar gets ₹386 cr Leh Project
Ø Blackstone offers to pay part of exit proceeds to key employees of Sona Comstar
Ø Tata Motors to launch new Micro SUV Hornbill soon
Ø India's $5 Trillion Economy goal by FY25 is at risk
Ø LatentView Analytics files draft papers to raise ₹600 Crore via IPO
Ø ONGC looks at acquisitions to achieve 10 GW renewable capacity by 2040
Ø Just Dial shareholders approve Reliance investment in EGM
Ø Reliance announces doubling of PET bottles recycling capacity
Ø Vehicle scrappage policy could boost auto sales going forward
Ø Cigarette companies are caught between death and taxes
Ø India on track to achieve 450 GW Renewable Energy target by 2030: Power Minister
🇮🇳Business News Headlines
Economic Times
Ø Reliance weighing bid for T-Mobile Netherlands: Report
Ø Hero bets big on EVs, Ready for cash-burn
Ø Tata Group in talks with Telesat for Satellite broadband
Ø IHCL board okays raising Rs 250 Crore in long-term funds
Ø Sapphire Foods raises Rs 1,150 Cr from PEs to fund expansion
Ø NSE-BSE bulk deals: Madhusudan Kela, Sunil Singhania buy stake in Dynamatic Tech
Ø Vodafone open to settling retrospective tax row with India
Ø NSE to add 10 Stocks to F&O from August 27
Ø NFO rush makes July inflows in equity MFs highest in 27 Months
Ø Vedanta committed to bring in investments of up to $20 Billion across businesses: Agarwal
Ø Real estate sector demands circle rate reduction in NCR
Business Standard
Ø Industry needs long overdue support to maintain 3+1 Structure : Sunil Mittal
Ø Vodafone Idea files review petition in Apex court on AGR dues
Ø Eveready gets a new joint managing director in Suvomoy Saha
Ø SAT stays Biocon insider trading order
Ø Reliance New Energy Solar Ltd to invest $144 Million in Ambri Inc
Ø Banks' asset risks rise, but credit strength to stay intact: Moody's
Ø Bombay Stock Exchange aims at 60 SME platform listing in 2021-22
Ø NSE to go live with top 50 US Stocks in first phase at GIFT City
Ø India Companies seal 181 deals worth $13.2 Billion in July: Report
Financial Express
Ø RBI to Penalize banks for Non-availability of cash in ATMs from October 1
Ø Indian retail investors to transact in US stocks: NSE IFSC
Ø Exports up over 50 pc to USD 7.41 Bn during August 1-7
Ø Motherson Sumi reports Q1 Net Profit at Rs 367.65 Cr
Ø JSW Steel output grows 11 pc to 13.82 LT in July
Ø Benchmark bond yield falls as crude oil prices soften
Ø RBI to pump Rs 50,000 Crore via G-SAP 2.0 in August
Ø Chris Wood not giving up on US gold and gold mining stocks; may add Bitcoin holdings if prices fall
Ø L&T continues to focus on shareholder value creation by divesting non-core assets: A M Naik
Ø Yields rise on CPI revision, liquidity normalisation move
Mint
Ø Sebi fines 11 entities for violations related to dealing in Videocon Industries
Ø US Senate passes bipartisan $1 Trillion Infrastructure bill
Ø Privatization of banks should not need an alibi
Ø RattanIndia to make strategic investment in US-based drone platform Matternet
Ø Vedanta to invest upto $20 Billion across businesses: Agarwal
Ø Finance Ministry releases ₹9,871 Cr to 17 states as revenue deficit grant
Ø India's e-commerce market continues to grow at 5% rate per annum, says govt
Ø Cairn says 'monitoring situation' after India proposes to bury retro tax
Ø Reliance announces doubling of PET bottles recycling capacity
Ø EVTRIC Motors unveils B2B Electric delivery scooter at EV Expo 2021
Ø BSE's India INX to allow trading in foreign stocks
Ø The Global demand boost from a leap in pandemic-time savings
🇮🇳Business News Headlines
Economic Times
Ø Maruti, Hyundai and Tata Motors post double-digit sales growth in July
Ø Hindalco to invest Rs 8,000-10,000 Cr in Hirakud, Silvassa & Mundra plants
Ø Biological E to break into big league by Manufacturing 3 Covid Vaccines
Ø India's appeal against Vodafone award in Senior court, hearing in Sept
Ø Government can exempt any listed PSU from minimum public holding
Ø IRB Infrastructure Developers completes Rs 381.63 Crore fundraising
Ø IDFC First Bank posts Rs 630-Cr loss in Q1 on Pandemic Provisions
Ø IPOs raise over Rs 27,000 Cr in Apr-Jul; issues worth Rs 70K Cr in pipeline
Ø Leading Auto makers post double-digit sales growth in July
Ø Gautam Adani incorporates new petrochemicals subsidiary
Ø India's crude steel output up 21.4% at 9.4 MT in June: Worldsteel
Business Standard
Ø India's 5G space booming with global, domestic players pitching in
Ø Maruti Suzuki reports 50% increase in July sales at 1,62,462 Units
Ø Export fetters by China, Russia spell good news for Indian steelmakers
Ø India's fuel demand picks up in July, petrol consumption at pre-Covid level
Ø July GST revenue at over Rs 1.16 Trn; Govt says it marks economic recovery
Ø India's Power Consumption back to pre-Covid level in July; up nearly 12%
Ø Tata Motors looking at measures to offset impact of semiconductor shortage
Ø Videocon's Venugopal Dhoot moves NCLAT against Deloitte, CoC and Vedanta
Ø Hitachi 'reimagining' India as global hub for new age tech solutions
Ø FPIs pull out net investments worth Rs 11,308 Cr from equities in July
Financial Express
Ø RBI likely to maintain status quo on interest rate
Ø Fino Payments Bank files documents with Sebi for IPO
Ø PSU banks mobilise record fund of Rs 58,700 crore from markets in FY21
Ø PLI for specialty steel: Govt expects robust response from large firms
Ø Logistics MSMEs must make a one-time tech investment
Ø Rolex Rings IPO subscribed 130.44 times on last day
Ø Sebi gives more time to brokers, clearing members to comply with certain rules
Ø IPO market nears peak as valuations hit 20-year high
Mint
Ø Passenger vehicle dispatches improve in July as curbs eased
Ø India's crude steel output up 21.4% at 9.4 MT in June: Worldsteel
Ø Deals sizes of Happiest Minds' infrastructure and security biz surge
Ø Vedanta's Sterlite Power hires JM Financial and Axis Capital for IPO
Ø Torrent Power firming up electricity play
Ø HPCL goes all out to help India’s green push
Ø Retail, agri segments drive credit growth in June: Care Ratin
Ø Adani Enterprises incorporates new petrochemicals subsidiary
Ø IDFC First Bank Q1 results: Covid provisioning leads to ₹630 cr net loss
Ø S&P revises Adani Electricity Mumbai's outlook to negative
🇮🇳Business News Headlines
Economic Times
Ø Axis Bank buys 5.55% stake in financial technology firm IBBIC
Ø DLF's Q1 Sales bookings jump nearly 7-fold to Rs 1,014 Crore despite Second wave of COVID
Ø Tata Sons Board will discuss and take a call on Chandrasekaran's successor, says Ratan Tata
Ø Merger with BSNL may help save Vodafone Idea: Deutsche Bank
Ø Reliance Retail brands may soon come to kiranas
Ø Reliance Retail Venture's open offer for Just Dial shareholders to commence on Sep 13
Ø Bank NPAs decline to Rs 8.34 lakh cr at March-end 2021: Minister
Ø China shares plunge to 8-month low on Regulatory woes
Ø Equity good long-term bet; stagger investments
Ø Govt says 78 Foreign cos registered in India last FY
Ø JSW Paints wants to grow and expand aggressively
Business Standard
Ø Govt extends bidding deadline for transaction for RINL till Aug 17
Ø Institutional buyers put in Rs 870 Cr of bids for HUDCO share sale
Ø Vedanta to invest Rs 6,600 Cr on Balco expansion over 18-24 Months
Ø Near term headwinds for JLR due to chip shortage to weigh on Tata Motors
Ø Adani Ports raises $750 Mn overseas via long-term bonds in two tranches
Ø Amazon eyes potential stake in Indian Film, Media biz; Inox denies report
Ø Tourism economy fell by 42.8%, estimated 14.5 mn jobs lost in Q1FY21: Govt
Ø FDI in Food Processing Sector falls 57% to $393 Million in FY21
Ø India sees venture capital investments surge to $8 Billion in Q2: KPMG
Ø ESAF Small Finance Bank files Rs 998-Crore IPO Papers with Sebi
Financial Express
Ø IMF cuts India's GDP Growth Forecast to 9.5 pc for FY22
Ø Tata Communications unveils IZO financial cloud platform in India
Ø ABB to divest Mechanical Power Transmission division to RBC Bearings for USD 2.9 bn
Ø Axis Bank buys 5.55 pc stake in financial technology firm IBBIC
Ø MSMEs have already exhausted resources during first Covid wave
Ø Basic customs duty removed, agri infra cess halved on lentils
Ø ICICI Prudential rating – Buy: Big beat on margins the highlight of Q1
Ø Sebi to RTAs: Develop inter-operable platform to enhance investor experience in MFs
Ø Govt’s net tax collection rises 86% to Rs 5.57 lakh cr in Q1
Mint
Ø IndusInd Bank hopes for a quick revival after a covid-ravaged Q1
Ø Info Edge stock faces fatigue despite Zomato IPO frenzy
Ø Big pharma quietly pushes back on global tax deal, citing covid-19 role
Ø ITC Q1 profit up 29%, revenues grow 37%
Ø ICICI Lombard, Dr Reddy's join hands for cashless outpatient services
Ø Rolex Rings raises Rs219 crore from 26 anchor investors ahead of the IPO
Ø Future-RIL deal: Will decide if Emergency Arbitrator award valid, says SC
Ø Zydus Cadila submits additional data on its Covid vaccine to DCGI: Report
Ø Sebi says valuation must for all preferential allotment plans
Ø Bajaj Auto exports its way out of a slump
Ø Nearly ₹49,000 Cr lying unclaimed with banks, insurers: Govt
🇮🇳Business News Headlines
Economic Times
Ø HDFC Bank Q1: Net Profit jumps 16.1% to Rs 7,730 Cr, misses Street Estimates
Ø *Switzerland Accounts for Half of India’s Gold Imports in FY21*
Ø Ola gets 1 Lakh Bookings for Electric Scooter
Ø OPEC+ Plans new Output Policy meeting on Sunday, sources say
Ø OMI raises funds from Nexus Ventures Partners
Ø Pandemic pushes back World Economy by 5-10 years, says Bata Global CEO
Ø M&M sets the wheel in motion to reclaim its lost space as an 'authentic SUV maker'
Business Standard
Ø Boost for Navy as delivery of MH-60R Seahawk multi-role helicopters begins
Ø Post-Brexit, India records highest Growth for UK Job Clicks : Indeed
Ø Delhi University to start registration process for UG programmes on Aug 2
Ø HDB Financial Services Q1 Net Profit nosedives on Covid-19 impact
Ø Stock Exchanges examining preferential share issue to parent firm: LIC HFL
Financial Express
Ø Report card: BSNL slashes FY21 losses by 52% with reduced staff costs
Ø *India, Africa to drive refurbished Smartphone market, says report*
Ø Complied with 85% of asks on tech, ball in RBI court for lifting ban: HDFC Bank
Ø Offline Retail revival depends on COVID vaccination coverage, says expert
Mint
Ø German, Belgian flood deaths rise to 157 as search continues
Ø Zurich Airport signs shareholder agreement for Jewar airport development
Ø IBC amendment Bill to be tabled in Monsoon Session of Parliament
*Ø Two-Wheeler Sales Growth in FY22 will be lower than predicted: Crisil*
Ø Tata Power to set up EV Charging Stations at HPCL Outlets
Ø Assets under NPS rose to over ₹6 Trillion as of 30 June: PFRDA
🇮🇳Business News Headlines
Economic Times
Ø Rossari Biotech in advanced talks to acquire a Specialty Chemicals Business
Ø Exports up 48.34 pc to USD 32.5 Bn; Trade Deficit at USD 9.37 bn in June
Ø RPower allots 59.5 Crore shares, 73 crore warrants to RInfra
Ø CCI approves Synergy Metals' stake-buy in JSW Cement under green channel route
Ø Centre releases Rs 75,000 crore to states as GST compensation
Ø Tata Elxsi Q1 results: Profit rises over 64% to Rs 113.4 crore
Ø Cyient Q1 results: Net profit up 41.3% to Rs 115 crore
Ø DIPAM invites bids from bankers, advisors for LIC's initial public offering
Ø RBI remains net purchaser of US dollar in May; buys $5.84 billion
Ø Next purchase of G-secs worth Rs 20,000 crore under G-SAP 2.0 on July 22: RBI
Ø Horticulture production hits record high at 329.86 million tonnes, says Agriculture Ministry
Ø SoftBank backs Netradyne Technology at nearly $1 billion valuation
Ø Space startup Digantara raises $2.5 million from Kalaari Capital
Business Standard
Ø India's Economy may have grown 22.1% in Q1, but demand is still low: RBI
Ø Wipro Q1 net rises 36% YoY, surpasses its own June qtr revenue guidance
Ø BharatPe aims $6 bn in annualised transaction processed value from POS biz
Ø Amazon expands fulfillment network in India across an area of 10 mn sq feet
Ø Office Leasing down 22% in H1 2021 as demand catches Covid-19 bug: Report
Ø Sebi moves Supreme Court against SAT order on Franklin Templeton
Ø OPEC sees world oil demand reaching pre-pandemic level in 2022
Ø J&J recalls Aveeno, Neutrogena sunscreens after carcinogen found in sprays
Ø Irrational subsidies by many nations hurting Indian fishermen: Goyal at WTO
Financial Express
Ø Bank credit grows by 6.08%; deposits by 9.76%
Ø Record USD 43 bn worth deals closed in H1 2021; 10 unicorns created: Report
Ø MFI Sector's credit cost seen at 5-10 pc in FY22: Report
Ø Pursuing course of cautious optimism amid COVID-19: CBDT chairman
Ø No antidumping duty on flat rolled steel products from 15 countries
Ø China’s Economic Growth slows as post-pandemic rebound loses steam
Ø UK Jobs recovery continues apace as restrictions eased
Ø India’s power consumption returns to pre-COVID level in first fortnight of July; up 17% to 59.36 BU
Ø Huge demand for skilling, re-skilling, up-skilling due to fast changing technology, says PM Modi
Mint
Ø Amid High Fuel prices, India reaches out to Saudi Arabia and UAE
Ø Jerome Powell defends Fed stance on temporary inflation, watching risks
Ø Centre warns states of 3rd wave, urges strict adherence to covid protocol
Ø KKR completes $625 Mn majority stake acquisition in Fogg deo maker
Ø US manufacturing output dips as chip shortage weighs on motor vehicles
Ø Chemspec Chemicals files DRHP to raise Rs700 Cr via IPO
Ø Bisleri forays into hand hygiene segment
Ø US Unemployment claims fall to 360,000, a new Pandemic low
Ø Govt issues Draft National Drone Policy
🇮🇳Business News Headlines
Economic Times
Ø Power Ministry wants Finmin to advise banks on Discom Reforms
Ø Disinvestment process: Shipping Corp opens Virtual data room for Potential bidders
Ø CCEA clears LIC disinvestment; panel headed by FM to decide Quantum of Stake sale
Ø Paytm shareholders approve primary raise of Rs 12,000 Crore via IPO
Ø Recast loans at Non-bank Lenders may double by this fiscal-end: Report
Ø June inflation slows to 6.26 per cent; May IIP at 29.3 per cent
Ø Karnataka plans to create technology clusters in tier II cities
Ø NMDC cuts Iron ore prices by ₹200/Tonne as Steel prices fall
Ø Canada Pension Plan Investment Board invests $800 Million in Flipkart Group
Ø Social commerce startup Trell raises $45 Million from Mirae, H&M others
Ø Krafton may invest more to build digital ecosystem in India
Business Standard
Ø Digital Payments start-up MobiKwik files for Rs 1,900-crore offering
Ø CCI clears SoftBank's $450 Mn investment in food delivery firm Swiggy
Ø Airtel clocks over 1,000 Mbps speed during 5G trial with Nokia in Mumbai
Ø UK-based Tide raises $100 Mn funding from Apax Digital Fund, others
Ø IFSCA issues norms for setting up, operating ITFS to provide trade finance
Ø Govt set to introduce 17 New Bills in Monsoon Session of Parliament
Ø Global tax deal gets boost as European Union delays push for digital levy
Ø Education platform MPOWER Financing raises $100 Mn to support study abroad
Financial Express
Ø NARCL incorporated with authorised capital of Rs 100 Crore
Ø Lenders look to sell JBF Petrochem’s forex debt
Ø Jio adds 4.7 Million mobile users in April; Voda Idea loses 1.8 Million Subscribers
Ø Exim Bank lends $35.26 Mn for Senegal power project being executed by Kalpataru
Ø States revive capex aided by tax revenue rise
Ø Housing under PMAY trailing targets: Icra
Ø Billionaire Gautam Adani sees Indian economy growing to $15 Trillion in two decades
Ø Japan, US object to India’s frequent bans on onion exports
Mint
Ø BrahMos missile fails during testfiring, falls shortly after takeoff
Ø IMD issues red alert for Goa, Maharashtra; orange alert for Rajasthan, J&K
Ø RBI issues scheme to market govt securities to retail investors
Ø Oil slips following 2-day gain with demand outlook in Focus
Ø Virgin Galactic says may sell shares worth up to $500 Million
Ø Anmi urges Sebi to reduce peak margin to maximum 50% from 75%
Ø 3rd wave imminent: IMA says travel can wait, asks govt to control mass gathering
Ø E&M sector to touch ₹4.12 Tn by 2025: PwC
Ø Edtech Platform Oliveboard raises ₹23 Cr led by IAN Fund
Ø Hybrid Funds get investors' attention; see ₹27,220 Cr inflow in June Quarter
🇮🇳Business News Headlines
Economic Times
Ø Federal Bank gets RBI nod to re-appoint Shyam Srinivasan as MD & CEO for 3 yrs
Ø Govt, LIC to sell full stakes in IDBI Bank, open offer may be triggered
Ø IMF approves $650 Billion expansion to fight pandemic
Ø JSW Steel output grows 39 Percent to 4.10 Million tonne in June quarter
Ø GR Infraprojects IPO subscribed 102.6 times on final day
Ø Forex reserves rise by $1.013 billion to record high of $610 Billion
Ø India exports 4.75 Mn Tonnes of sugar so far this year: AISTA
Ø Auto industry lacks policies to ensure worker safety throughout the Supply chain: Report
Ø Securitisation volumes for NBFCs, HFCs surged to Rs 17,500 Crore in Q1 FY22: Icra
Ø BHEL bags Rs 1,405 Crore order from NPCIL
Ø Jio tops 4G Chart with 21.9 mbps download speed in Jun, Vodafone Idea fastest in upload: Trai
Ø Ola brings in Temasek, Warburg Pincus ahead of IPO, Tiger and Matrix sell shares
Business Standard
Ø PharmEasy parent API Holdings in talks with SoftBank to raise $100-200 Mn
Ø TCS plans to hire over 40,000 Freshers from Indian campuses in FY22
Ø MSN Labs enters into licence deal with DRDE for Covid-19 Drug 2-DG
Ø Digital payments start-up Mobikwik nears filing for $300-Million IPO
Ø TCS to take iON global after test-marketing success in some markets abroad
Ø Vedanta, Hindalco among 34 Firms to put bids for Commercial Coal Auction-II
Ø Integration of industrial land bank system by Dec: Commerce ministry
Ø NHAI resumes infrastructure investment trust project with roadshows
Ø New 10-year bond at 6.1% Signals RBI's tolerance for higher yields
Ø Kharif sowing till July 9 down 10.45% over last year, water levels high
Ø Indian Navy prohibits flying of drones within 3 kms of Naval assets
Ø UK spurns European Union's $56.2 Billion Estimate for Post-Brexit Tab
Financial Express
Ø Demand picking up on back of robust activities: Assocham
Ø More people invest in Residential properties; 85% of houses under construction for 2021 booked
Ø India invites UK companies to invest in insurance sector
Ø FM Sitharaman emphasises on role of Technology in fighting climate change
Ø Sebi puts in place guidelines on Valuation of Securities with multiple put options
Ø Clean Science IPO subscribed 93.41 Times on final day of subscription
Mint
Ø Oil Prices rise over 2% as US inventories decline
Ø Sovereign Gold bond opens 12 July; issue price fixed at ₹4,807/Gm
Ø Earthquake of magnitude 6.2 strikes off Indonesia coast
Ø Hotel Revenue per available room declined 50% in May: report
Ø Axis Bank announces first transaction on SOFR Reference rate
Ø HCL Tech inks five-year strategic partnership with The Mosaic Company
Ø India Inc.’s revenue to fall 8-10% QoQ in Apr-Jun: Crisil
🇮🇳Business News Headlines
Economic Times
Ø RBI warns of Stress Build-up in Consumer Credit
Ø Petrol, Diesel Prices likely to rise further as crude oil hits $77 a Barrel
Ø Power demand soars to all-time high of 197.06 GW on Tuesday
Ø Kotak Mahindra Bank subsidiary to acquire 10% stake in KIPL
Ø SBI to auction two NPA accounts to recover dues of over Rs 313 cr
Ø Paytm may raise Rs 16,600 Cr in IPO; valuation expected to be over Rs 1.78 Lakh Cr
Ø GST collections drop to Rs 92,849 Crore in June, break 8-Month streak of crossing Rs 1 Lakh Crore
Ø Housing sales down 76 % in Apr-Jun in 8 cities over previous quarter: PropTiger
Ø JLR reports 68% increase in retail sales in June quarter at 1,24,537 Units
Ø Alcobev startup RockClimber raises $1 Million in pre-Series A funding
Ø Pine Labs gets funding at $3.5-Billion Valuation ahead of US IPO
Business Standard
Ø Nasper-backed PayU in talks to acquire BillDesk for up to $4 Billion
Ø Centre moves SC seeking transfer of pleas challenging validity of IT rules
Ø Bajaj Group market cap hits $100 Bn ; fourth family-owned biz to hit mark
Ø Tata Steel outlines Rs 10,000-12,000 Cr annual India capex over next 5 yrs
Ø 150 Year-old Allana Group invests $10 Mn in Iron Pillar Fund II
Ø 74% Companies plan to divest non-core assets in 24 months: EY India survey
Ø Sumitomo Mitsui Financial Group to acquire 74.9% stake in FICC for $ 2 Bn
Ø Domestic air passenger traffic back to growth trajectory in June
Ø ECM fees in H1CY21 jump 25% to hit 10-year high of $126 Mn amid IPO boom
Financial Express
Ø Bajaj Finance sees sharp rise in new loans in June quarter
Ø Razorpay, Mastercard launch solution for recurring payments; aims to integrate with over 50 banks
Ø Winning bidder proposes benefits for Jet Airways staff with rider; need at least 95% approval
Ø Some states to roll out labour reforms in 3-5 months
Ø RBI launches latest round of quarterly survey on manufacturing sector
Ø India’s hiring rate recovered moderately from 10 pc in Apr to 35 pc in May 2021: LinkedIn data
Ø Area under Soybean cultivation likely to increase 5-7% across India
Ø Paisabazaar sees month-on-month increase in personal loan disbursal
Mint
Ø Pentagon scraps $10 billion cloud contract award to Microsoft
Ø Ransomware hackers demand $70 million to unlock computers in widespread attack
Ø Wipro commits ₹1k Crore more for COVID-19
Ø NMDC OFS over-subscribed 2.13 times on Day 1
Ø Tata Power ties up with California-based AutoGrid for AI based energy management
Ø Sovereign rating actions ease in 2021 after a hectic 2020: Fitch
Ø MCA broadens list of filings eligible for fee waiver