*News Headlines from Business News Agencies:*
*Business Standard*
π India's GDP grows 7.8% in Q1FY27 despite disruptions from West Asia crisis
π India's April-July fiscal deficit at 26.8% of 2026-27 target: Govt data
π South Eastern Coalfields, Mahanadi Coalfields IPO by year-end: CIL CMD
π AIG Hospitals plans to invest βΉ2,000 crore in 1,000-bed Vizag project
π Parth Jindal takes the wheel as JSW's auto ambitions gather pace
π Hulic, HDFC Capital make 1st joint investment in Mumbai residential project
π CCPA slaps βΉ1 lakh fine on United Biscuits over 'wholewheat' claim
π Govt considering easing FDI norms in defence sector for overseas investors
π Japan plans $55.6 bn budget to beef up its defence with drones, missiles
π NIIF raises βΉ19,000 crore in first close of second infrastructure fund
π IOC boosted LPG output by 30% amid Iran war, refineries ran over capacity
π Piramal Finance raises βΉ2,100 cr via QIP; total fundraise at βΉ3,850 cr
*Economic Times*ββ
π SLB to expand data center business with $3.4 billion deal for Kelvion
π Bank of Baroda to recruit 2,482 officers fluent in local language across 20 states
π Hero MotoCorp expands sales network in Central America in collaboration with VELOSA
π Soitec locks customers into multi-year deals as AI wafer demand surges
π VerSe bets on SparkStation to make AI video cheaper and more consistent
π Aon strikes $17 billion deal for rival USI Insurance Services
π Huawei H1 profit drop quickens to 36% on rising costs, R&D spending
π India rupee hits near four-week high on equity-related flows, RBI support; logs monthly rise
π MapmyIndia, ClarityX launch Geo-FI AI platform for lending risk and collections
π Asset manager State Street completes Rs 580-crore investment in Groww AMC, takes 23% stake
π Mumbai property market continues strong run, records best-ever August
π Gopalpur Industrial Park set to drive Odisha's green push with Rs 65,000 crore investment pipeline
*Mint*
π India targets 1 lakh more semiconductor engineers under Semicon 2.0: Vaishnaw
π Mahajan Imaging, Neuberg Diagnostics partner to expand in North India
π NIIF raises $2 billion towards Infra Fund 2's first close, largest till date
π SpiceJet seeks more time to pay βΉ50 crore to Maran
π Kotak Mahindra Bank is said to recommend two internal candidates for CEO
π PFRDA asks pension funds to rename, restructure MSF schemes within 30 days
π Honda confirms new compact SUV for India in 2028 to rival Nexon, Venue
π Spark Capital Group steps up focus on high-growth firms with two funds
*Business Standard*
π India's GDP grows 7.8% in Q1FY27 despite disruptions from West Asia crisis
π India's April-July fiscal deficit at 26.8% of 2026-27 target: Govt data
π South Eastern Coalfields, Mahanadi Coalfields IPO by year-end: CIL CMD
π AIG Hospitals plans to invest βΉ2,000 crore in 1,000-bed Vizag project
π Parth Jindal takes the wheel as JSW's auto ambitions gather pace
π Hulic, HDFC Capital make 1st joint investment in Mumbai residential project
π CCPA slaps βΉ1 lakh fine on United Biscuits over 'wholewheat' claim
π Govt considering easing FDI norms in defence sector for overseas investors
π Japan plans $55.6 bn budget to beef up its defence with drones, missiles
π NIIF raises βΉ19,000 crore in first close of second infrastructure fund
π IOC boosted LPG output by 30% amid Iran war, refineries ran over capacity
π Piramal Finance raises βΉ2,100 cr via QIP; total fundraise at βΉ3,850 cr
*Economic Times*ββ
π SLB to expand data center business with $3.4 billion deal for Kelvion
π Bank of Baroda to recruit 2,482 officers fluent in local language across 20 states
π Hero MotoCorp expands sales network in Central America in collaboration with VELOSA
π Soitec locks customers into multi-year deals as AI wafer demand surges
π VerSe bets on SparkStation to make AI video cheaper and more consistent
π Aon strikes $17 billion deal for rival USI Insurance Services
π Huawei H1 profit drop quickens to 36% on rising costs, R&D spending
π India rupee hits near four-week high on equity-related flows, RBI support; logs monthly rise
π MapmyIndia, ClarityX launch Geo-FI AI platform for lending risk and collections
π Asset manager State Street completes Rs 580-crore investment in Groww AMC, takes 23% stake
π Mumbai property market continues strong run, records best-ever August
π Gopalpur Industrial Park set to drive Odisha's green push with Rs 65,000 crore investment pipeline
*Mint*
π India targets 1 lakh more semiconductor engineers under Semicon 2.0: Vaishnaw
π Mahajan Imaging, Neuberg Diagnostics partner to expand in North India
π NIIF raises $2 billion towards Infra Fund 2's first close, largest till date
π SpiceJet seeks more time to pay βΉ50 crore to Maran
π Kotak Mahindra Bank is said to recommend two internal candidates for CEO
π PFRDA asks pension funds to rename, restructure MSF schemes within 30 days
π Honda confirms new compact SUV for India in 2028 to rival Nexon, Venue
π Spark Capital Group steps up focus on high-growth firms with two funds
Ipowatch
Today Listing accident in most ipo still symbiotec recovered good after listing on par now up 17%.
ESDS Software good in emerging sunrise sector of cloud and data centre infrastructure. While valuations high feel deserved as sector will remain in focus in this age. Apply for listing and long term.
Priority jewels Mumbai based jewellery maker for big brands like kalyan carat Lane etc looks good on paper and also decent valuation anchor book however low gmp and very small issue less than 100 cr. One can apply for listing and longterm.
#TradeAdda #IPO #IPOWATCH
Today Listing accident in most ipo still symbiotec recovered good after listing on par now up 17%.
ESDS Software good in emerging sunrise sector of cloud and data centre infrastructure. While valuations high feel deserved as sector will remain in focus in this age. Apply for listing and long term.
Priority jewels Mumbai based jewellery maker for big brands like kalyan carat Lane etc looks good on paper and also decent valuation anchor book however low gmp and very small issue less than 100 cr. One can apply for listing and longterm.
#TradeAdda #IPO #IPOWATCH
*News Headlines from Business News Agencies:*
*Business Standard*
π India's engineering R&D revenue may cross $100 bn by 2030: Nasscom
π IT services hiring demand hits 18-month high in September: Xpheno
π Green SM leases 1,050 EV parking bays in Greater Noida for βΉ15.5 cr
π Royal Enfield sales rise 11% to 126K units in Aug on strong domestic demand
π India, Zambia resume talks on copper, critical mineral investments
π CPP Investments commits up to βΉ2,070 crore to NIIF Infrastructure Fund II
π Reliance Consumer Products enters ice-cream market with Bombay Creamery
π Lloyds Realty plans βΉ1,935 crore redevelopment project in Goregaon
π UPI sets new record at 24.51 bn transactions in Aug, value at βΉ29.82 trn
π RBI appoints Suman Ray as executive director with effect from September 1
π VinFast suspends plans to make some EVs in India, reassesses costs
π Tata Motors gains PV market share as non-EV sales rise, EVs rebound
*Economic Times*ββ
π RBI intervention, dollar flows push Indian rupee to two-month peak
π Only 22% companies have scaled AI across business units: Report
π Petrol, diesel sales soar on erratic monsoon rains, LPG demand shifts to piped gas
π India's installed power capacity projected to surpass 2,000 GW by 2047
π Sumadhura Group to develop 1.2 million sq. ft. of warehousing space in Chennai
π BookMyShow Live bets big on Indiaβs concert boom with Stageco gear
π HDFC Bank CEO Jagdishanβs refusal to overhaul bank fueled surprise exit as chairman pushed for changes
π Indian pilotsβ body warns Noel Tata over Air India exodus, flags safety concerns
π Sugar dealersβ stock limit cut to 2,000 quintals from September 15
π Hines, Conscientβs Elevate Homes ink βΉ4,000 crore Gurugram housing deal
π Kepler Aerospace raises $8 million in seed round led by Blue Ashva Capital
π India's power consumption rises nearly 13% to 169 billion units in August
*Mint*
π GST collections rise 14.8% to βΉ1.99 trillion in August; refunds jump 68%
π Centre slashes sugar dealersβ stock limit to 2,000 quintals from 15 September
π UBL expects premium beer to grow 3x faster than market
π Oil companies set for earnings recovery in Q2 despite uncertainty
π Reliance enters Indiaβs ice cream market
π Sun Pharma inks drug pricing deal with US government
π CCPA flags 5,008 Eureka Forbes complaints about service lapses, deceptive claims
π Indian Bank to open 100 new branches and hire 2,500 employees this fiscal
π IPO-bound Parle Products appoints former PepsiCo executive George Kovoor as CEO
*Business Standard*
π India's engineering R&D revenue may cross $100 bn by 2030: Nasscom
π IT services hiring demand hits 18-month high in September: Xpheno
π Green SM leases 1,050 EV parking bays in Greater Noida for βΉ15.5 cr
π Royal Enfield sales rise 11% to 126K units in Aug on strong domestic demand
π India, Zambia resume talks on copper, critical mineral investments
π CPP Investments commits up to βΉ2,070 crore to NIIF Infrastructure Fund II
π Reliance Consumer Products enters ice-cream market with Bombay Creamery
π Lloyds Realty plans βΉ1,935 crore redevelopment project in Goregaon
π UPI sets new record at 24.51 bn transactions in Aug, value at βΉ29.82 trn
π RBI appoints Suman Ray as executive director with effect from September 1
π VinFast suspends plans to make some EVs in India, reassesses costs
π Tata Motors gains PV market share as non-EV sales rise, EVs rebound
*Economic Times*ββ
π RBI intervention, dollar flows push Indian rupee to two-month peak
π Only 22% companies have scaled AI across business units: Report
π Petrol, diesel sales soar on erratic monsoon rains, LPG demand shifts to piped gas
π India's installed power capacity projected to surpass 2,000 GW by 2047
π Sumadhura Group to develop 1.2 million sq. ft. of warehousing space in Chennai
π BookMyShow Live bets big on Indiaβs concert boom with Stageco gear
π HDFC Bank CEO Jagdishanβs refusal to overhaul bank fueled surprise exit as chairman pushed for changes
π Indian pilotsβ body warns Noel Tata over Air India exodus, flags safety concerns
π Sugar dealersβ stock limit cut to 2,000 quintals from September 15
π Hines, Conscientβs Elevate Homes ink βΉ4,000 crore Gurugram housing deal
π Kepler Aerospace raises $8 million in seed round led by Blue Ashva Capital
π India's power consumption rises nearly 13% to 169 billion units in August
*Mint*
π GST collections rise 14.8% to βΉ1.99 trillion in August; refunds jump 68%
π Centre slashes sugar dealersβ stock limit to 2,000 quintals from 15 September
π UBL expects premium beer to grow 3x faster than market
π Oil companies set for earnings recovery in Q2 despite uncertainty
π Reliance enters Indiaβs ice cream market
π Sun Pharma inks drug pricing deal with US government
π CCPA flags 5,008 Eureka Forbes complaints about service lapses, deceptive claims
π Indian Bank to open 100 new branches and hire 2,500 employees this fiscal
π IPO-bound Parle Products appoints former PepsiCo executive George Kovoor as CEO
*News Headlines from Business News Agencies:*
*Business Standard*
π GIFT-IFSC based funds' commitment crosses $45 billion, shows data
π Construction costs rise 34%, housing prices 59% in 5 years: Anarock
π ASK Property Fund commits βΉ300 crore to two Ghaziabad housing projects
π Mumbai redevelopment share in housing sales rises to 15%: JLL-Naredco
π RBI's Murmu urges NBFCs, HFCs to diversify funding, strengthen liquidity
π Sebi proposes net settlement of cash market trades for mutual funds
π Beams Fintech Fund leads βΉ215 crore investment in MSME lender BNF
π Uttar Pradesh fast-tracks acquisition of 25,000 hectares near expressways
π Cradlewise raises $12 million in Series A round led by 3one4 Capital
π VLCC raises βΉ110 crore from BlackSoil Capital to support expansion
π Maharashtra sees over $300 bn investment interest in data centres
π Services PMI rises to 54.1 in August as output and employment pick up
*Economic Times*ββ
π Govt unveils strategic blueprint on defence diplomacy that outlines India's vision for next decade
π EV subsidies to end in coming years, auto companies must prepare: Heavy Industries Secy
π NIELIT, Intel India launch Agentic AI skilling programmes for youth across India: MeitY
π Aditya Birla Sun Life Flexi Cap Fund turns Rs 10,000 monthly SIP to over Rs 7 crore in 28 years
π Retail sugar price drops 3.85% to Rs 62.57/kg in a week: Govt data
π Liquidity management, asset quality among pillars for NBFC growth: RBI DG
π RPG Life Sciences subsidiary acquires Raghava Life Sciences' API biz for Rs 135 cr
π Slice closes $100 million round as valuation more than halves to $470 million
π PC Jeweller clears debt to ninth consortium bank, eyes debt-free status this month
π Carlyle-backed VLCC raises Rs 110 crore from BlackSoil to fund growth
π Russian Sber bank works towards expansion in India
π GE Aerospace delivers 3 more F404 engines to HAL for LCA Tejas Mk1A in August
*Mint*
π India Incβs earnings recovery hits a margin test
π Kotak Alternate names Pushkar Jauhari as CEO for PE, VC arm
π JSW Jetour T2 PHEV set for India launch in 2027
π Goyal calls for nationwide push to unlock export benefits under FTAs
π SpiceJet to fly 200 flights daily, finalises lease deal for 20 aircraft
π FSSAI plans nationwide ban on analogue paneer ahead of festive season
π RBI deputy governor urges NBFCs to diversify funding resources
π Boeingβs $8.4 billion deal is bleeding red ink
π Credlix crosses $1 bn in export financing for MSMEs, targets $10bn in five years
π FLY91 Places order for 40 ATR 72-600 Aircraft Valued At $1 Billion
*Business Standard*
π GIFT-IFSC based funds' commitment crosses $45 billion, shows data
π Construction costs rise 34%, housing prices 59% in 5 years: Anarock
π ASK Property Fund commits βΉ300 crore to two Ghaziabad housing projects
π Mumbai redevelopment share in housing sales rises to 15%: JLL-Naredco
π RBI's Murmu urges NBFCs, HFCs to diversify funding, strengthen liquidity
π Sebi proposes net settlement of cash market trades for mutual funds
π Beams Fintech Fund leads βΉ215 crore investment in MSME lender BNF
π Uttar Pradesh fast-tracks acquisition of 25,000 hectares near expressways
π Cradlewise raises $12 million in Series A round led by 3one4 Capital
π VLCC raises βΉ110 crore from BlackSoil Capital to support expansion
π Maharashtra sees over $300 bn investment interest in data centres
π Services PMI rises to 54.1 in August as output and employment pick up
*Economic Times*ββ
π Govt unveils strategic blueprint on defence diplomacy that outlines India's vision for next decade
π EV subsidies to end in coming years, auto companies must prepare: Heavy Industries Secy
π NIELIT, Intel India launch Agentic AI skilling programmes for youth across India: MeitY
π Aditya Birla Sun Life Flexi Cap Fund turns Rs 10,000 monthly SIP to over Rs 7 crore in 28 years
π Retail sugar price drops 3.85% to Rs 62.57/kg in a week: Govt data
π Liquidity management, asset quality among pillars for NBFC growth: RBI DG
π RPG Life Sciences subsidiary acquires Raghava Life Sciences' API biz for Rs 135 cr
π Slice closes $100 million round as valuation more than halves to $470 million
π PC Jeweller clears debt to ninth consortium bank, eyes debt-free status this month
π Carlyle-backed VLCC raises Rs 110 crore from BlackSoil to fund growth
π Russian Sber bank works towards expansion in India
π GE Aerospace delivers 3 more F404 engines to HAL for LCA Tejas Mk1A in August
*Mint*
π India Incβs earnings recovery hits a margin test
π Kotak Alternate names Pushkar Jauhari as CEO for PE, VC arm
π JSW Jetour T2 PHEV set for India launch in 2027
π Goyal calls for nationwide push to unlock export benefits under FTAs
π SpiceJet to fly 200 flights daily, finalises lease deal for 20 aircraft
π FSSAI plans nationwide ban on analogue paneer ahead of festive season
π RBI deputy governor urges NBFCs to diversify funding resources
π Boeingβs $8.4 billion deal is bleeding red ink
π Credlix crosses $1 bn in export financing for MSMEs, targets $10bn in five years
π FLY91 Places order for 40 ATR 72-600 Aircraft Valued At $1 Billion
β€2
*News Headlines from Business News Agencies:*
*Business Standard :*
π Govt mulls FDI liberalisation to bring more crops under plantation sector
π TCI plans to grow coastal shipping capacity by 30-40% over 4-5 years
π Resilient demand to help jewellery retailers maintain growth trajectory
π HDFC Bank woes put spotlight on leadership continuity, top-tier handovers
π Power plants with critical coal levels rise to 58; experts say no crisis
π NTPC suggests four amendments to draft SHANTI rules for nuclear power
π Indian CCTV makers move in as Chinese companies face rule hurdle
π Retail investors power direct mutual fund shift as digital access grows
*Economic Times :*
π India's festive season promises strong show as quick commerce reshapes online shopping battle
π Paint makers expect healthy FY27 demand amid price hikes; competition intensity remains high
π Pharma sector must attract more investment in clinical trials, R&D: Piyush Goya
π ISRO will not be privatised, role to strengthen under space sector reforms: Govt
π DP Abhushan targets 51 stores, Rs 15,000 crore revenue by FY30
π Hyundai Motor India expects 30 pc sales to come from rural markets in 3-4 years: MD & CEO
*Mint :*
π India moves to block new nicotine pouch formulations amid addiction risks
π Taj at Delhi Airport, Ritz-Carlton in Hyderabad: Chalet
Hotelsβ expansion plan
π NSE denies Chauhan being considered for Tata Sons chairman
π Capital-conservative RPG turns aggressive buyer in API expansion
π OPEC Sticks With Plan to Keep Oil Output Quotas Unchanged
π GST Council meet rescheduled to Oct 7 amid BRICS clash
π UK business minister to meet Jaguar Land Rover CEO over job cuts
*Business Standard :*
π Govt mulls FDI liberalisation to bring more crops under plantation sector
π TCI plans to grow coastal shipping capacity by 30-40% over 4-5 years
π Resilient demand to help jewellery retailers maintain growth trajectory
π HDFC Bank woes put spotlight on leadership continuity, top-tier handovers
π Power plants with critical coal levels rise to 58; experts say no crisis
π NTPC suggests four amendments to draft SHANTI rules for nuclear power
π Indian CCTV makers move in as Chinese companies face rule hurdle
π Retail investors power direct mutual fund shift as digital access grows
*Economic Times :*
π India's festive season promises strong show as quick commerce reshapes online shopping battle
π Paint makers expect healthy FY27 demand amid price hikes; competition intensity remains high
π Pharma sector must attract more investment in clinical trials, R&D: Piyush Goya
π ISRO will not be privatised, role to strengthen under space sector reforms: Govt
π DP Abhushan targets 51 stores, Rs 15,000 crore revenue by FY30
π Hyundai Motor India expects 30 pc sales to come from rural markets in 3-4 years: MD & CEO
*Mint :*
π India moves to block new nicotine pouch formulations amid addiction risks
π Taj at Delhi Airport, Ritz-Carlton in Hyderabad: Chalet
Hotelsβ expansion plan
π NSE denies Chauhan being considered for Tata Sons chairman
π Capital-conservative RPG turns aggressive buyer in API expansion
π OPEC Sticks With Plan to Keep Oil Output Quotas Unchanged
π GST Council meet rescheduled to Oct 7 amid BRICS clash
π UK business minister to meet Jaguar Land Rover CEO over job cuts
*News Headlines from Business News Agencies:*
*Business Standard*
π Govt's initial nod for βΉ1.1 trillion defence buys; 98% from Indian cos
π Centre to open applications for βΉ37,500-cr coal gasification scheme
π Coal ministry steps up supplies as rake loading rises 20% in four days
π Novartis India buys Minipress brands from Pfizer for βΉ1,250 crore
π LNG prices surge to multiyear highs as West Asia war squeezes supplies
π SC rejects Centre plea to revive βΉ363 cr GST demand against Vodafone Idea
π India's battery industry to generate up to 2 mn jobs by FY30: Adecco India
π Air India's new CEO Gebremariam seeks staff support to minimise disruptions
π Minda Corp sets βΉ1,500 cr export target, eyes growth in EVs, electronics
π RBI withdraws over βΉ6 trillion of bank liquidity after record spike
π Maruti Suzuki to hike prices of select models by up to βΉ20,000 in September
π Auto retail sales hit record in Aug at 2.42 mn units, rise 18%: Fada
*Economic Times*ββ
π India's growth seen above 7% in FY27 as investment, exports take centre stage: Report
π Udaan to acquire Swiggy-owned retail distribution company Lynk Logistics
π RBL Bank to raise up to USD 1 bn from overseas investors
π Blue Machines AI unveils speech-to-text model built for India's BFSI sector
π Bank of Maharashtra, Canara Bank eye dollar debt issuance this month, bankers say
π Arnya Realestates, Casagrand Premier to raise Rs 750 cr equity fund
π Deutsche Bank sees ECB rates rising to 2.75% as energy risks persist
π Orris Infrastructure and Godrej Properties settles dispute over Gurugram project
π Fairfax to exit IIFL Finance before likely IDBI Bank deal; Blackstone emerges as suitor
π ADB signs first Transaction Advisory Pact in India to mobilise $1 billion for green energy projects
π Jindal Stainless signs pact with Japan's JFE Steel to boost ferritic stainless steel manufacturing
π Asian Paints names former JPMorgan exec Leo Puri as next chairman
π PVR INOX says preliminary probe found no evidence of kickbacks, disputes account of senior executiveβs exit
*Mint*
π India's Haircare market is turning professional, and CCIGMAA Lifestyle Pvt Ltd.
π L&T plans to raise up to βΉ500 crore via tokenized bonds after REC's success
π HRV Pharma bets βΉ150 crore on peptides, high-potency oncology APIs
π Tata Motorsβ JLR aims to reduce costs by βΉ21,700 crore by laying off 4,000 jobs
π HerSpace raises $50 million to expand worker housing
π AI may accelerate anti-competitive practices in digital markets: CCI chief
π Tata Cap Healthcare to up exits via IPOs for new βΉ2,500 cr fund
π Fuel prices at record Labour Day high in US thanks to Iran War and refinery issues
π Nua raises $50 million Series C from Peak XV, Filter Capital
π CaratLane looks beyond affordable jewellery to drive growth
*Business Standard*
π Govt's initial nod for βΉ1.1 trillion defence buys; 98% from Indian cos
π Centre to open applications for βΉ37,500-cr coal gasification scheme
π Coal ministry steps up supplies as rake loading rises 20% in four days
π Novartis India buys Minipress brands from Pfizer for βΉ1,250 crore
π LNG prices surge to multiyear highs as West Asia war squeezes supplies
π SC rejects Centre plea to revive βΉ363 cr GST demand against Vodafone Idea
π India's battery industry to generate up to 2 mn jobs by FY30: Adecco India
π Air India's new CEO Gebremariam seeks staff support to minimise disruptions
π Minda Corp sets βΉ1,500 cr export target, eyes growth in EVs, electronics
π RBI withdraws over βΉ6 trillion of bank liquidity after record spike
π Maruti Suzuki to hike prices of select models by up to βΉ20,000 in September
π Auto retail sales hit record in Aug at 2.42 mn units, rise 18%: Fada
*Economic Times*ββ
π India's growth seen above 7% in FY27 as investment, exports take centre stage: Report
π Udaan to acquire Swiggy-owned retail distribution company Lynk Logistics
π RBL Bank to raise up to USD 1 bn from overseas investors
π Blue Machines AI unveils speech-to-text model built for India's BFSI sector
π Bank of Maharashtra, Canara Bank eye dollar debt issuance this month, bankers say
π Arnya Realestates, Casagrand Premier to raise Rs 750 cr equity fund
π Deutsche Bank sees ECB rates rising to 2.75% as energy risks persist
π Orris Infrastructure and Godrej Properties settles dispute over Gurugram project
π Fairfax to exit IIFL Finance before likely IDBI Bank deal; Blackstone emerges as suitor
π ADB signs first Transaction Advisory Pact in India to mobilise $1 billion for green energy projects
π Jindal Stainless signs pact with Japan's JFE Steel to boost ferritic stainless steel manufacturing
π Asian Paints names former JPMorgan exec Leo Puri as next chairman
π PVR INOX says preliminary probe found no evidence of kickbacks, disputes account of senior executiveβs exit
*Mint*
π India's Haircare market is turning professional, and CCIGMAA Lifestyle Pvt Ltd.
π L&T plans to raise up to βΉ500 crore via tokenized bonds after REC's success
π HRV Pharma bets βΉ150 crore on peptides, high-potency oncology APIs
π Tata Motorsβ JLR aims to reduce costs by βΉ21,700 crore by laying off 4,000 jobs
π HerSpace raises $50 million to expand worker housing
π AI may accelerate anti-competitive practices in digital markets: CCI chief
π Tata Cap Healthcare to up exits via IPOs for new βΉ2,500 cr fund
π Fuel prices at record Labour Day high in US thanks to Iran War and refinery issues
π Nua raises $50 million Series C from Peak XV, Filter Capital
π CaratLane looks beyond affordable jewellery to drive growth
*News Headlines from Business News Agencies:*
*Business Standard*
π India joins US and 24 other nations in global 6G network allianceββββ
π Steel prices set to rise further on coking coal costs, demand revival
π Suzlon secures 200 MW wind energy order from Ayana Renewable Power
π Novartis faces third clinical-trial setback in a week as muscle drug fails
π STL targets βΉ20,000 crore revenue by FY29 under 'Lakshya' growth plan
π Mahindra eyes over 50% share in small pickups in FY27, bets on Veero
π Samsung buyback highlights South Korea's 45% preferred stock discount
π China exports surge 25% in Aug on strong demand for autos, high tech goods
π MFs place heavy bets on fresh offerings; ICICI Pru, SBI lead allocation
π Agnikul Cosmos opens two units, scales infra for reusable rockets
π Jio Platforms plans to kick off investor outreach for its IPO next week
π Bank of Baroda raises FY27 growth forecast, flags monsoon and oil risks
π India Inc's ECB, FCCB borrowing intent rises to $7.7 billion in July
*Economic Times*ββ
π S&P assigns Bank of India 'BBB' rating on capital, funding strength
π EV retail sales rise 53% in August to 2.98 lakh units: FADA
π Government should adopt flexible approach to ethanol-blended petrol programme: ICRIER paper
π House of Hiranandani leases 2.7 lakh sq ft of office space to Accenture in Mumbai Metropolitan Region
π LIC expects no immediate government stake sale, eyes long-term growth: CEO
π IRCTC names Paytm among platforms driving 28% of online railway ticket bookings
π Emami's BoroPlus takes on Johnsonβs, Himalaya, Mamaearth with FromMaa launch
π Sun Pharma gets ratings boost from Moody's, S&P over USD 11.75-bn Organon & Co acquisition bid
π Centre's Rs 37,500 crore coal gasification scheme draws 7 first-round applications
π Biocon signs 10-year Brazil supply deal for Pertuzumab breast cancer drug
π SC rejects proposal of Parsvnath Developers for homebuyers, asked it to file another
*Mint*
π India's oil import bill may jump as global crude prices surge near $100/barrel
π TCS bags βΉ122.6 crore Odisha govt deal: All we know about OSWAS 3.0
π Bajaj Finance acquires 5% stake in video generation platform TrueFan AI
π Steel prices surge to four-year high, demand defies monsoon
π Lightspeed India to realise $500 mn in returns as Indiaβs exit landscape broadens
π FPIs seen favouring autos, consumer durables over staples this festive season
π Centre plans to retain doorstep medicine delivery rules, seeks higher safeguards
π Copper Ascends to New Heights on Tight Supply and Tariff Fears
π Rising fuel costs, E20 concerns shaping India's car-buying choices
*Business Standard*
π India joins US and 24 other nations in global 6G network allianceββββ
π Steel prices set to rise further on coking coal costs, demand revival
π Suzlon secures 200 MW wind energy order from Ayana Renewable Power
π Novartis faces third clinical-trial setback in a week as muscle drug fails
π STL targets βΉ20,000 crore revenue by FY29 under 'Lakshya' growth plan
π Mahindra eyes over 50% share in small pickups in FY27, bets on Veero
π Samsung buyback highlights South Korea's 45% preferred stock discount
π China exports surge 25% in Aug on strong demand for autos, high tech goods
π MFs place heavy bets on fresh offerings; ICICI Pru, SBI lead allocation
π Agnikul Cosmos opens two units, scales infra for reusable rockets
π Jio Platforms plans to kick off investor outreach for its IPO next week
π Bank of Baroda raises FY27 growth forecast, flags monsoon and oil risks
π India Inc's ECB, FCCB borrowing intent rises to $7.7 billion in July
*Economic Times*ββ
π S&P assigns Bank of India 'BBB' rating on capital, funding strength
π EV retail sales rise 53% in August to 2.98 lakh units: FADA
π Government should adopt flexible approach to ethanol-blended petrol programme: ICRIER paper
π House of Hiranandani leases 2.7 lakh sq ft of office space to Accenture in Mumbai Metropolitan Region
π LIC expects no immediate government stake sale, eyes long-term growth: CEO
π IRCTC names Paytm among platforms driving 28% of online railway ticket bookings
π Emami's BoroPlus takes on Johnsonβs, Himalaya, Mamaearth with FromMaa launch
π Sun Pharma gets ratings boost from Moody's, S&P over USD 11.75-bn Organon & Co acquisition bid
π Centre's Rs 37,500 crore coal gasification scheme draws 7 first-round applications
π Biocon signs 10-year Brazil supply deal for Pertuzumab breast cancer drug
π SC rejects proposal of Parsvnath Developers for homebuyers, asked it to file another
*Mint*
π India's oil import bill may jump as global crude prices surge near $100/barrel
π TCS bags βΉ122.6 crore Odisha govt deal: All we know about OSWAS 3.0
π Bajaj Finance acquires 5% stake in video generation platform TrueFan AI
π Steel prices surge to four-year high, demand defies monsoon
π Lightspeed India to realise $500 mn in returns as Indiaβs exit landscape broadens
π FPIs seen favouring autos, consumer durables over staples this festive season
π Centre plans to retain doorstep medicine delivery rules, seeks higher safeguards
π Copper Ascends to New Heights on Tight Supply and Tariff Fears
π Rising fuel costs, E20 concerns shaping India's car-buying choices
*News Headlines from Business News Agencies :*
*Business Standard :*
π Indian smartphone brands eye sub-βΉ20,000 gap as Chinese firms go premium
π Many fintechs can emerge from India to serve global markets: Razorpay CEO
π PwC India, Claroty form alliance to boost cybersecurity for critical infra
π TCS launches fully automated Pune facility to advance AI-led manufacturing
π QNu Labs raises βΉ200 crore as demand for quantum-safe security builds
π PVR, Multiplex Association challenge 2% cess; Karnataka HC seeks state reply
π Hyundai India to launch localised mass-market SUV on dedicated EV platform
π L&T secures large offshore order from ONGC for west coast projects
π LOHUM targets 30,000 tonnes lithium carbonate output from Zimbabwe assets
π Accenture leases 272,000 sq ft office space in Thane for βΉ269 crore
π Paytm bets on workplace AI agents as it looks beyond payments for growth
π Snap CBO Ajit Mohan steps down, EMEA President Ronan to replace him
*Economic Times :*ββ
π India's retail credit market shifts to rural, GenZ borrowers via digital platforms
π India, Saudi Arabia deepen fintech ties with three-year pact for investment, startup expansion
π Petronas Lubricants, Tata Motors collaborate for pilot used lubricant recycling model
π Cabinet clears Rs 10,783 crore railway multi-tracking projects across five states
π Jio Payment Solutions launches cross-border payments to connect exporters with global markets
π Four banks including RBL and Bank of Maharashtra line up overseas fund raise
π Quant Mutual Fund files draft papers with Sebi for an index fund, its second passive fund
π Land acquired in last five years offer 1,400 million sq ft of potential development
π Recyclekaro partners with TMK for recycling facility in Uzbekistan
π PhonePe's Sameer Nigam unveils vision for next decade of financial inclusion at GFF 2026
π IESA to govt: Accelerate battery incentives, smart grid infra, last-mile mobility for EV adoption
π Orenda Group announces Rs 100 crore Media Growth Fund with a slate of three international films
π RBI explores tokenising gold amid push to expand Unified Markets Interface
*Mint :*
π Singapore Airlines said to seek tougher terms for any fresh Air India funding
π Brics brings brisk business as Delhi hotel suites hit βΉ2 lakh a night
π Proposed JSW-Volkswagen tie-up aims to shield both from Chinese carmakers
π Google to invest $15 billion in AI infrastructure and buy nuclear power in Finland
π NSE IPO: New India Assurance to sell 1.05 crore shares in the OFS
π Samsung India Cuts Jobs Of Up To 25% of Consumer Electronics Staff
π Govt to ease highway exit rules to revive private investment
π Kotak Alts earns βΉ1,650 cr from HKR Roadways sale, a 2x return
π Adani Airports becomes India's most valuable private airport operator
π Cairn buyback case: SC sends Sebi penalty matter back to appellate tribunal
*Business Standard :*
π Indian smartphone brands eye sub-βΉ20,000 gap as Chinese firms go premium
π Many fintechs can emerge from India to serve global markets: Razorpay CEO
π PwC India, Claroty form alliance to boost cybersecurity for critical infra
π TCS launches fully automated Pune facility to advance AI-led manufacturing
π QNu Labs raises βΉ200 crore as demand for quantum-safe security builds
π PVR, Multiplex Association challenge 2% cess; Karnataka HC seeks state reply
π Hyundai India to launch localised mass-market SUV on dedicated EV platform
π L&T secures large offshore order from ONGC for west coast projects
π LOHUM targets 30,000 tonnes lithium carbonate output from Zimbabwe assets
π Accenture leases 272,000 sq ft office space in Thane for βΉ269 crore
π Paytm bets on workplace AI agents as it looks beyond payments for growth
π Snap CBO Ajit Mohan steps down, EMEA President Ronan to replace him
*Economic Times :*ββ
π India's retail credit market shifts to rural, GenZ borrowers via digital platforms
π India, Saudi Arabia deepen fintech ties with three-year pact for investment, startup expansion
π Petronas Lubricants, Tata Motors collaborate for pilot used lubricant recycling model
π Cabinet clears Rs 10,783 crore railway multi-tracking projects across five states
π Jio Payment Solutions launches cross-border payments to connect exporters with global markets
π Four banks including RBL and Bank of Maharashtra line up overseas fund raise
π Quant Mutual Fund files draft papers with Sebi for an index fund, its second passive fund
π Land acquired in last five years offer 1,400 million sq ft of potential development
π Recyclekaro partners with TMK for recycling facility in Uzbekistan
π PhonePe's Sameer Nigam unveils vision for next decade of financial inclusion at GFF 2026
π IESA to govt: Accelerate battery incentives, smart grid infra, last-mile mobility for EV adoption
π Orenda Group announces Rs 100 crore Media Growth Fund with a slate of three international films
π RBI explores tokenising gold amid push to expand Unified Markets Interface
*Mint :*
π Singapore Airlines said to seek tougher terms for any fresh Air India funding
π Brics brings brisk business as Delhi hotel suites hit βΉ2 lakh a night
π Proposed JSW-Volkswagen tie-up aims to shield both from Chinese carmakers
π Google to invest $15 billion in AI infrastructure and buy nuclear power in Finland
π NSE IPO: New India Assurance to sell 1.05 crore shares in the OFS
π Samsung India Cuts Jobs Of Up To 25% of Consumer Electronics Staff
π Govt to ease highway exit rules to revive private investment
π Kotak Alts earns βΉ1,650 cr from HKR Roadways sale, a 2x return
π Adani Airports becomes India's most valuable private airport operator
π Cairn buyback case: SC sends Sebi penalty matter back to appellate tribunal
Ipowatch
Manohar electrical apply for listing gain and long term
Glass wall systems apply for listing gain
#TradeAdda #IPO #IPOWATCH
Manohar electrical apply for listing gain and long term
Glass wall systems apply for listing gain
#TradeAdda #IPO #IPOWATCH
β€1
*News Headlines from Business News Agencies:*
*Business Standard*
π Ultraviolette bets on scooters for volume surge as Hosur plant takes shape
π Hiranandani enters Goa realty market with βΉ450-crore partnerships
π Equity mutual funds attract βΉ29,329 crore in August, highest in 4 months
π Fintech should treat data as a fiduciary responsibility: RBI Governor
π Indoco Remedies zooms 16% in trade after UKMHRA's Goa plant inspection
π Uttar Pradesh steps up outreach to attract big-ticket global investments
π PNB to enter wealth management services, beef up credit card portfolio
π UIDAI working on plans to take Aadhaar global, says CEO Saurabh Vijay
π Fortune to set up βΉ60,000 cr hyperscale AI data centre park in Telangana
π Sigma Advanced Systems begins aerospace production at Sri City facility
π India, France step up space cooperation with new private-sector deals
π Mounjaro sales soar 502% as India's GLP-1 drug market expands rapidly
*Economic Times*ββ
π Xi Jinping's India visit to help diplomatic thaw, but business ties bound by suspicion
π Russia will discuss digital currencies payments with BRICS+ partners at India summit
π Govt, DGCA keeping close watch on financials, operations of SpiceJet: Civil Aviation Minister Naidu
π UK deepens reliance on Musk's SpaceX, spending nearly $40 million on satellite services
π China's car exports in first 8 months surpass 2025 total, as EV sales soar
π Electric two-wheeler maker Ultraviolette to invest Rs 779 crore in new manafacturing facility in TN over next 5 years: CEO Narayan Subramaniam
π India's new industrial revolution takes shape across space, chips, data centres and solar
π Blackstone acquires majority stake in South Korea logistics park
π IndiGo launches daily direct flights from Mumbai to Dar es Salaam from November 20
π Global Fintech Fest 2026: PFRDA plans inflation-linked bonds to offer inflation-protected pension
π Productivity enhancement may lead to further reduction in agriculture sector NPA: Nabard Chairman
π Sony Pictures Networks India appoints Amit Mehta as Chief Human Resources Officer
π EU countries to seek import curbs on chemicals, plastics, sources say
*Mint*
πPM Modi sets 2035 space station, 2040 moon landing goals at space summit
π Varun Beveragesβ Kiva looking to acquire Alcobrew for βΉ2,000-2,500 crore
π NSE IPO shrinks as Morgan Stanley, other investors cut stake sales
π Centre defends 11% GST growth despite questions over cess impact
π Qualcomm takes aim at Indiaβs payments device market
π Swish raises $24 million to expand quick food delivery network
π DGCA orders one-time drug screening for all pilots by July 2027 after Air India captain tests positive
π Bond yields edge up as investors await ECB rate hike, U.S. treasury buybacks
π Delhi HC restrains startup Beco from running ads against HUL products
*Business Standard*
π Ultraviolette bets on scooters for volume surge as Hosur plant takes shape
π Hiranandani enters Goa realty market with βΉ450-crore partnerships
π Equity mutual funds attract βΉ29,329 crore in August, highest in 4 months
π Fintech should treat data as a fiduciary responsibility: RBI Governor
π Indoco Remedies zooms 16% in trade after UKMHRA's Goa plant inspection
π Uttar Pradesh steps up outreach to attract big-ticket global investments
π PNB to enter wealth management services, beef up credit card portfolio
π UIDAI working on plans to take Aadhaar global, says CEO Saurabh Vijay
π Fortune to set up βΉ60,000 cr hyperscale AI data centre park in Telangana
π Sigma Advanced Systems begins aerospace production at Sri City facility
π India, France step up space cooperation with new private-sector deals
π Mounjaro sales soar 502% as India's GLP-1 drug market expands rapidly
*Economic Times*ββ
π Xi Jinping's India visit to help diplomatic thaw, but business ties bound by suspicion
π Russia will discuss digital currencies payments with BRICS+ partners at India summit
π Govt, DGCA keeping close watch on financials, operations of SpiceJet: Civil Aviation Minister Naidu
π UK deepens reliance on Musk's SpaceX, spending nearly $40 million on satellite services
π China's car exports in first 8 months surpass 2025 total, as EV sales soar
π Electric two-wheeler maker Ultraviolette to invest Rs 779 crore in new manafacturing facility in TN over next 5 years: CEO Narayan Subramaniam
π India's new industrial revolution takes shape across space, chips, data centres and solar
π Blackstone acquires majority stake in South Korea logistics park
π IndiGo launches daily direct flights from Mumbai to Dar es Salaam from November 20
π Global Fintech Fest 2026: PFRDA plans inflation-linked bonds to offer inflation-protected pension
π Productivity enhancement may lead to further reduction in agriculture sector NPA: Nabard Chairman
π Sony Pictures Networks India appoints Amit Mehta as Chief Human Resources Officer
π EU countries to seek import curbs on chemicals, plastics, sources say
*Mint*
πPM Modi sets 2035 space station, 2040 moon landing goals at space summit
π Varun Beveragesβ Kiva looking to acquire Alcobrew for βΉ2,000-2,500 crore
π NSE IPO shrinks as Morgan Stanley, other investors cut stake sales
π Centre defends 11% GST growth despite questions over cess impact
π Qualcomm takes aim at Indiaβs payments device market
π Swish raises $24 million to expand quick food delivery network
π DGCA orders one-time drug screening for all pilots by July 2027 after Air India captain tests positive
π Bond yields edge up as investors await ECB rate hike, U.S. treasury buybacks
π Delhi HC restrains startup Beco from running ads against HUL products
Ipowatch
Rentmojo Unique business of renting furniture with good TAM good returns and will continue growing good to apply for listing as well as Long Term.
Karamtara engineering in the business of building structures for solar wind energy plants. Again good TAM good growth in demand sector. Apply for listing and long term.
Asset Reconstruction Co is one of the largest private profitable asset reconstruction company in India it main bussiness is accumulating bad loans and stressed assets and implementing resolution to maximise recovery and asset value. Feel can be dark horse decent financials can be applied for listing gain as well as Long Term.
Steamhouse acts as a central steam producing unit and then supplies to industry's like aether anupam rasayan unique in a way however valuations expensive at 57 pe and hence would avoid for listing can be looked at post once settled.
Lcc projects is a gujrat based epc contractor mainly working on irrigation and water supply. No major moat and also highly dependendant on government contracts with variating cash flow. Again would avoid for now.
#TradeAdda #IPO #IPOWATCH
Rentmojo Unique business of renting furniture with good TAM good returns and will continue growing good to apply for listing as well as Long Term.
Karamtara engineering in the business of building structures for solar wind energy plants. Again good TAM good growth in demand sector. Apply for listing and long term.
Asset Reconstruction Co is one of the largest private profitable asset reconstruction company in India it main bussiness is accumulating bad loans and stressed assets and implementing resolution to maximise recovery and asset value. Feel can be dark horse decent financials can be applied for listing gain as well as Long Term.
Steamhouse acts as a central steam producing unit and then supplies to industry's like aether anupam rasayan unique in a way however valuations expensive at 57 pe and hence would avoid for listing can be looked at post once settled.
Lcc projects is a gujrat based epc contractor mainly working on irrigation and water supply. No major moat and also highly dependendant on government contracts with variating cash flow. Again would avoid for now.
#TradeAdda #IPO #IPOWATCH
π1
*News Headlines from Business News Agencies:*
*Business Standard*
π RBI may take until Q2FY28 to absorb βΉ4 trn durable liquidity surplus
π Banks likely to see 15-20 basis points rise in FCNR(B) deposit costs
π Looking into Bharti Airtel, Jio's MNP rule violation allegations: Trai
π Saudi Arabia's pipeline closure raises cost of India's crude haul
π Mobile phone makers seek 13% GST cut amid demand dip, rising memory prices
π SBI may soon issue sanction letter to Vi for its share of βΉ35K cr funding
π Himadri eyes 70% exports with full capacity utilisation at Birla Tyres
π Coal ministry expects 147 auctioned commercial mines to attract βΉ55,000 cr
π Info Edge appoints Himanshu Agarwal as CFO, Naresh Gupta as director
π New mining rules raise concerns over enforcement, penalties for violations
*Economic Times*
π RBI proposes framework to freeze only disputed amounts instead of entire accounts in cyber fraud cases
π BMW India to hike prices again on pressures from rupee depreciation, high commodity costs: CEO
π Piyush Goyal meets Chinese commerce minister; discusses trade ties
π ASML extends chipmaking dominance as customers embrace High NA
π Palantir, Nvidia curb AI model use over data fears: The Information
π FADA in initial pact with Rosmerta Digital to simplify vehicle compliance services
π Textile industry wants 6-month extension for duty-free cotton imports
π India approves 18-hour export of power a day to Nepal till year-end
π India's Essar's EET Retail to acquire UK forecourt operator SGN for 400 mn pounds
π Brookfield looks to buy PGP Glass for up to $1.5 bn from Blackstone
*Mint*
π India, South American bloc Mercosur announce plan to expand trade pact
π Auto parts maker Victura picks Rothschild to help with $300-400 mn IPO process
π BHEL approves βΉ65 crore investment in NTPC joint venture NBPPL
π Global AI stocks fall as industry chiefs call for slowing development
π HDFC Bank proposes Kaizad Bharucha, Anup Bhagchi as CEO candidates to RBI
π Centre tells banks no charges on UPI payments up to βΉ2,000
π Retail inflation breaches RBl's midpoint target for third successive month
π InsuranceDekho co-founders Ankit Agrawal, Ish Babbar express intent to step down
π Macquarie Asset buys stake in Maple InVIT from La Caisse, infuses $450 mn
*Business Standard*
π RBI may take until Q2FY28 to absorb βΉ4 trn durable liquidity surplus
π Banks likely to see 15-20 basis points rise in FCNR(B) deposit costs
π Looking into Bharti Airtel, Jio's MNP rule violation allegations: Trai
π Saudi Arabia's pipeline closure raises cost of India's crude haul
π Mobile phone makers seek 13% GST cut amid demand dip, rising memory prices
π SBI may soon issue sanction letter to Vi for its share of βΉ35K cr funding
π Himadri eyes 70% exports with full capacity utilisation at Birla Tyres
π Coal ministry expects 147 auctioned commercial mines to attract βΉ55,000 cr
π Info Edge appoints Himanshu Agarwal as CFO, Naresh Gupta as director
π New mining rules raise concerns over enforcement, penalties for violations
*Economic Times*
π RBI proposes framework to freeze only disputed amounts instead of entire accounts in cyber fraud cases
π BMW India to hike prices again on pressures from rupee depreciation, high commodity costs: CEO
π Piyush Goyal meets Chinese commerce minister; discusses trade ties
π ASML extends chipmaking dominance as customers embrace High NA
π Palantir, Nvidia curb AI model use over data fears: The Information
π FADA in initial pact with Rosmerta Digital to simplify vehicle compliance services
π Textile industry wants 6-month extension for duty-free cotton imports
π India approves 18-hour export of power a day to Nepal till year-end
π India's Essar's EET Retail to acquire UK forecourt operator SGN for 400 mn pounds
π Brookfield looks to buy PGP Glass for up to $1.5 bn from Blackstone
*Mint*
π India, South American bloc Mercosur announce plan to expand trade pact
π Auto parts maker Victura picks Rothschild to help with $300-400 mn IPO process
π BHEL approves βΉ65 crore investment in NTPC joint venture NBPPL
π Global AI stocks fall as industry chiefs call for slowing development
π HDFC Bank proposes Kaizad Bharucha, Anup Bhagchi as CEO candidates to RBI
π Centre tells banks no charges on UPI payments up to βΉ2,000
π Retail inflation breaches RBl's midpoint target for third successive month
π InsuranceDekho co-founders Ankit Agrawal, Ish Babbar express intent to step down
π Macquarie Asset buys stake in Maple InVIT from La Caisse, infuses $450 mn
*News Headlines from Business News Agencies:*
*Business Standard*
π Sebi proposes stronger tech resilience norms for exchanges, depositories
π NSE IPO draws 'unexpectedly large' demand, anchor book tops βΉ6,000 cr: CEO
π Foreign investors pull βΉ5,109 cr from govt bonds in 3 days amid uncertainty
π DBS Bank India expands DBS MAX to simplify multi-gateway digital payment
π Cement capacity additions raise near-term concerns of supply overhang
π Embassy Developments plans βΉ2,000 cr investment in North Bengaluru homes
π BHEL, Titagarh Rail sign JV for 35-year Vande Bharat sleeper trains upkeep
π Non-life insurance premium rises 10% to βΉ27,454.5 crore in August
π AI slow down: US-China AI rivalry puts global AI governance at a crossroads
π Banks' panel to decide on UPI merchant charges on transactions above βΉ2,000
π Saudi Arabia warns of 'potential danger' in Mecca, Taif and Jeddah
π More than βΉ5,100 crore generated through scrap disposal, says Centre
*Economic Times*ββ
π Indiaβs semiconductor funding reaches βΉ1.34 lakh crore, but capital flows into fewer players
π MediaTek launches new mobile chip using TSMC's most advanced technology
π Embassy Developments aims Rs 4,500 cr revenue from 2 new housing projects in Bengaluru
π Retail inflation at 4.8 per cent highest in 12 yrs of Modi govt: Pralhad Joshi
π Rupee slumps 38 paise to close at 95.92 against US dollar
π India's August soyoil, palm oil imports rise on stocking
π UPI MDR could unlock Rs 22,000 crore revenue pool by FY28: Bernstein
π Eurozone bond yields hit 17-year high as Middle East conflict drives inflation fears
π DTH operators provide over Rs 11,000 crore against MIB licence-fee demands
π Motilal Oswal deploys Zoho platform across 10,000 users and 15 business verticals
π India's trade deficit narrows to $26.86 bn in August as gold imports plunge
π Uno Minda plans Rs 1,415 crore investment to expand auto component manufacturing
*Mint*
π Cement companies' attempts to hike prices may fall flat
π Delhi HC orders tax dept to refund βΉ783 cr to Teva Israel over Ranbaxy payment
π Merchandise exports grow at the fastest pace in a decade in August
π Suraksha Group expects to complete Jaypee Infra's stalled housing projects by 2028; to invest βΉ3,000 crore
π Air India board meets in Mumbai as Tewolde Gebremariam set to take charge, new CEO's salary structure in focus
π Solar Industries expects to triple revenue in 2 years with $1.36 bn Omnia buyout
π WJTowell & BlueStar Seeks Annulment Of Arbitration Award Before Dubai Court
π Government scrap drives generate over βΉ5,100 crore in five years as Centre clears old files
π Aurobindo Pharma gets US FDA nod to sell first metered-dose asthma inhaler in US.
*Business Standard*
π Sebi proposes stronger tech resilience norms for exchanges, depositories
π NSE IPO draws 'unexpectedly large' demand, anchor book tops βΉ6,000 cr: CEO
π Foreign investors pull βΉ5,109 cr from govt bonds in 3 days amid uncertainty
π DBS Bank India expands DBS MAX to simplify multi-gateway digital payment
π Cement capacity additions raise near-term concerns of supply overhang
π Embassy Developments plans βΉ2,000 cr investment in North Bengaluru homes
π BHEL, Titagarh Rail sign JV for 35-year Vande Bharat sleeper trains upkeep
π Non-life insurance premium rises 10% to βΉ27,454.5 crore in August
π AI slow down: US-China AI rivalry puts global AI governance at a crossroads
π Banks' panel to decide on UPI merchant charges on transactions above βΉ2,000
π Saudi Arabia warns of 'potential danger' in Mecca, Taif and Jeddah
π More than βΉ5,100 crore generated through scrap disposal, says Centre
*Economic Times*ββ
π Indiaβs semiconductor funding reaches βΉ1.34 lakh crore, but capital flows into fewer players
π MediaTek launches new mobile chip using TSMC's most advanced technology
π Embassy Developments aims Rs 4,500 cr revenue from 2 new housing projects in Bengaluru
π Retail inflation at 4.8 per cent highest in 12 yrs of Modi govt: Pralhad Joshi
π Rupee slumps 38 paise to close at 95.92 against US dollar
π India's August soyoil, palm oil imports rise on stocking
π UPI MDR could unlock Rs 22,000 crore revenue pool by FY28: Bernstein
π Eurozone bond yields hit 17-year high as Middle East conflict drives inflation fears
π DTH operators provide over Rs 11,000 crore against MIB licence-fee demands
π Motilal Oswal deploys Zoho platform across 10,000 users and 15 business verticals
π India's trade deficit narrows to $26.86 bn in August as gold imports plunge
π Uno Minda plans Rs 1,415 crore investment to expand auto component manufacturing
*Mint*
π Cement companies' attempts to hike prices may fall flat
π Delhi HC orders tax dept to refund βΉ783 cr to Teva Israel over Ranbaxy payment
π Merchandise exports grow at the fastest pace in a decade in August
π Suraksha Group expects to complete Jaypee Infra's stalled housing projects by 2028; to invest βΉ3,000 crore
π Air India board meets in Mumbai as Tewolde Gebremariam set to take charge, new CEO's salary structure in focus
π Solar Industries expects to triple revenue in 2 years with $1.36 bn Omnia buyout
π WJTowell & BlueStar Seeks Annulment Of Arbitration Award Before Dubai Court
π Government scrap drives generate over βΉ5,100 crore in five years as Centre clears old files
π Aurobindo Pharma gets US FDA nod to sell first metered-dose asthma inhaler in US.
β€1
*Today's News Headlines!!!*
*Economic Times*
π Pharma sector revenue to grow 11-13 pc in FY27 on strong exports, domestic demand: Crisil
π Black Rock Hotels plans to scale up to 4,500 keys
π JSW wants Volkswagen to bear $1.4 billion India tax bill in JV deal
π HLL Lifecare to expand pharmacy network to 600 outlets, add 4,500 jobs
π Balrampur Chini gets government grant for biopolymer R&D facility
π India, other G4 nations express 'strong concern' at lack of progress on UNSC reform
π Enterprise AI startup Ema raises $77 million led by Creaegis
π D2C silver jewellery brand Unniyarcha raises Rs 10 crore led by Sauce
π Tender floated to import 1.7 mt urea ahead of rabi season
π Sanofi Healthcare buys 15.2% stake in Sanofi India for Rs 1,068 crore
*Business Standard*
π Adani Group to invest over βΉ1 trillion across sectors in West Bengal
π RBI forex inflows ease near-term BoP pressure, challenges persist: CEA
π India advances Brics payment talks, local currency settlements: DEA Secy
π Rio Health raises $4.5 mn in pre-Series A led by Version One Ventures
π India's consumer durables market may reach βΉ30-32.5 trn by 2030: Report
π Microsoft opens data centre in Telangana amid AI infra expansion push
π PhonePe to hire 20,000 staff, deploy 5 mn payment devices in 12 months
π India's workforce expansion expected at 5.4% in H2 FY27: TeamLease
π Navitas Solar to invest βΉ10,000 cr in 5 yrs in renewable energy facilities
π India tech funding rises 7% to $10.3 billion in first nine months of 2026
π Reliance Industries eyes βΉ10,000 crore 10-year bond sale at 7.90%: Bankers
π Kalpataru Projects International bags new orders worth over βΉ2,000 crore
π Rupee, bonds witness sell-off as crude oil, US Treasury yields rise
π NSE makes debut on BSE at βΉ1,800 per share, mcap hits βΉ4.5 trillion
π Credit card spends fall 2.8% to βΉ2.02 trillion in August, shows RBI data
π Myntra creates 26,000 seasonal jobs ahead of Big Fashion Festival
π Nykaa, L'Oreal join hands to invest in emerging Indian beauty brands
π H2FY27 hiring intent seen at 5.4%, e-commerce leads growth: Report
*Financial Express*
π PB Fintech, Turtlemint hit hard as Irdai commission overhaul pressures business models
π RBI may raise rates by 75-100 bps if US yield and crude prices stay high: Motilal Oswal
π Pine Labs partners with Google Cloud to bring AI agents to Indian merchants
π HG Infra receives completion certificate for Rs 1,393 crore Delhi road project
π Maruti Suzuki commissions first 300 kW green hydrogen plant at Manesar
π SEBI fast tracks settlement of cases below Rs 10 lakh
π India tech funding rises 7% to $10.3 billion as investors favour larger bets
π Centre expects all states to publish labour code rules by October 31
π Govt revives pharma logistics study; plans to map 10-year infra needs
*Mint*
π NPCI says no immediate plan to review MDR
π BCCI ropes in Muthoot Fincorp for Indian cricket's title sponsorship rights
π Agri Infra Fund loans cross βΉ1 trillion as govt targets post-harvest efficiency
π Manba Finance Board approves βΉ99.99 crore fundraise through preferential issue
π Govt plans list of BIS-registered silver retailers ahead of festival season
π Carnelian launches βΉ2,000 crore PE fund to target Indiaβs mid-market
π India plans LNG storage boost, a pipeline tariff surcharge to support.
*Economic Times*
π Pharma sector revenue to grow 11-13 pc in FY27 on strong exports, domestic demand: Crisil
π Black Rock Hotels plans to scale up to 4,500 keys
π JSW wants Volkswagen to bear $1.4 billion India tax bill in JV deal
π HLL Lifecare to expand pharmacy network to 600 outlets, add 4,500 jobs
π Balrampur Chini gets government grant for biopolymer R&D facility
π India, other G4 nations express 'strong concern' at lack of progress on UNSC reform
π Enterprise AI startup Ema raises $77 million led by Creaegis
π D2C silver jewellery brand Unniyarcha raises Rs 10 crore led by Sauce
π Tender floated to import 1.7 mt urea ahead of rabi season
π Sanofi Healthcare buys 15.2% stake in Sanofi India for Rs 1,068 crore
*Business Standard*
π Adani Group to invest over βΉ1 trillion across sectors in West Bengal
π RBI forex inflows ease near-term BoP pressure, challenges persist: CEA
π India advances Brics payment talks, local currency settlements: DEA Secy
π Rio Health raises $4.5 mn in pre-Series A led by Version One Ventures
π India's consumer durables market may reach βΉ30-32.5 trn by 2030: Report
π Microsoft opens data centre in Telangana amid AI infra expansion push
π PhonePe to hire 20,000 staff, deploy 5 mn payment devices in 12 months
π India's workforce expansion expected at 5.4% in H2 FY27: TeamLease
π Navitas Solar to invest βΉ10,000 cr in 5 yrs in renewable energy facilities
π India tech funding rises 7% to $10.3 billion in first nine months of 2026
π Reliance Industries eyes βΉ10,000 crore 10-year bond sale at 7.90%: Bankers
π Kalpataru Projects International bags new orders worth over βΉ2,000 crore
π Rupee, bonds witness sell-off as crude oil, US Treasury yields rise
π NSE makes debut on BSE at βΉ1,800 per share, mcap hits βΉ4.5 trillion
π Credit card spends fall 2.8% to βΉ2.02 trillion in August, shows RBI data
π Myntra creates 26,000 seasonal jobs ahead of Big Fashion Festival
π Nykaa, L'Oreal join hands to invest in emerging Indian beauty brands
π H2FY27 hiring intent seen at 5.4%, e-commerce leads growth: Report
*Financial Express*
π PB Fintech, Turtlemint hit hard as Irdai commission overhaul pressures business models
π RBI may raise rates by 75-100 bps if US yield and crude prices stay high: Motilal Oswal
π Pine Labs partners with Google Cloud to bring AI agents to Indian merchants
π HG Infra receives completion certificate for Rs 1,393 crore Delhi road project
π Maruti Suzuki commissions first 300 kW green hydrogen plant at Manesar
π SEBI fast tracks settlement of cases below Rs 10 lakh
π India tech funding rises 7% to $10.3 billion as investors favour larger bets
π Centre expects all states to publish labour code rules by October 31
π Govt revives pharma logistics study; plans to map 10-year infra needs
*Mint*
π NPCI says no immediate plan to review MDR
π BCCI ropes in Muthoot Fincorp for Indian cricket's title sponsorship rights
π Agri Infra Fund loans cross βΉ1 trillion as govt targets post-harvest efficiency
π Manba Finance Board approves βΉ99.99 crore fundraise through preferential issue
π Govt plans list of BIS-registered silver retailers ahead of festival season
π Carnelian launches βΉ2,000 crore PE fund to target Indiaβs mid-market
π India plans LNG storage boost, a pipeline tariff surcharge to support.
Ipowatch
HD Fire Protect is into manufacturing and marketing of fire safety equipments like sprinklers fire valves foam systems etc majorly B2B. A strong Product profile good financials and high barriers to entry with no comparable listed peer find this a good stock for listing as well as Long Term Portfolio.
#TradeAdda #IPO #IPOWATCH
HD Fire Protect is into manufacturing and marketing of fire safety equipments like sprinklers fire valves foam systems etc majorly B2B. A strong Product profile good financials and high barriers to entry with no comparable listed peer find this a good stock for listing as well as Long Term Portfolio.
#TradeAdda #IPO #IPOWATCH
*Today's News Headlines!!!*
*Economic Times*
π Wipro Q2 profit dips 1%, gives muted sales outlook
π Edible oil refiners set to clock 10-12% revenue growth in FY27 despite duty cut: Report
π Essar Oil & Gas wins five CBM blocks across three states, adds 6.6 Tcf gas reserves
π Jio partnership helps Googleβs Gemini add 13 million paid subscribers in India
π India passenger vehicle sales rise 22% to 4.54 lakh units in September: SIAM
π India's unemployment rate stays steady at 5% in September
π India's trade deficit widens to $30.21 billion in September despite 23% jump in exports
π Palo Alto CEO Nikesh Arora has secured $147 million through share-linked deal
π India first, orbit next: Skyroot eyes $300 million dual valuation plan
π India's September goods exports rise 23% as imports hit six-month low, narrowing trade deficit
*Business Standard*
π Centre's net direct tax collection rises 13.2% to βΉ13.38 trn till Oct 14
π SC upholds Bombay HC ruling quashing Yes Bank's βΉ8,415-cr AT1 write-off
π Jindal Ferrous expands Odisha footprint with βΉ5,000 cr carbon steel plant
π AUM Ventures aims to close βΉ750 cr fund by March 2027, bets on deep-tech
π Bank deposits hit record $3 trillion, boosted by dollar deposits scheme
π Nestle India Q2FY27 net profit rises 35.9% to βΉ1,010 cr; stock falls 7.8%
π Stellantis to invest βΉ4,000 crore, launch 12 products in 3 years
π Odisha unveils βΉ40K crore industrial projects, eyes over 42,000 jobs
π Myntra customer base grows 30% in 2026, eyes 100 million monthly users
π Defence Ministry signs βΉ4,106 cr deals for IAF satellite, Navy torpedoes
π HDFC AMC net profit climbs 4% to βΉ749 crore in September quarter
π Tata Communications Q2 profit rises 86% to βΉ341 crore, revenue up 9.6%
π South Indian Bank Q2 result: Profit rises 21% to βΉ426 cr, gross NPAs fall
π Ethanol supplies top 9.87 bn litres by Sep, grain feedstocks lead: AIDA
π CII outlines roadmap to bridge $36 bn gap in India's $100 bn M&E ambition
π Flipkart narrows FY26 losses as revenue rises 18%, margins improve
π World Bank Group mobilises $36 bn in India in 4 yrs, $9.6 bn for MSMEs
π CAS review: Sebi announces last 30-minute VWAP method for settlement
π Anthropic's Q3 revenue jumps to $16.8 billion ahead of planned IPO
*Financial Express*
π India to overtake Japan as 4th-largest economy in 2027, IMF projects $4.52 trillion GDP
π HPCL seeks tariff reforms to improve EV charging viability
π UCO Bank Q2 net profit rises 27% to Rs 786 crore
π Air India sets up dedicated team to drive cost savings amid mounting pressures
π L&T Finance net profit rises 33% on retail loan growth
π CII flags $36-bn gap in media ambition
π BoP surplus jumps to $45 bn in August on FCNR inflows
π TechM profit rises 8.3% to Rs 1,586 crore
*Mint*
π Indian mutual funds stop bulk subscriptions to gold ETFs ahead of festive season
π Centre approves 30-day bonus for eligible Central government employees
π ADB, govt of Japan sign financing pact with AM Green Ammonia
π Airfloa Rail secures βΉ34.85 cr contract for Vande Bharat sleeper interiors
π EPFO extends September PF filing deadline to 31 October
π US wholesale inflation hits four-year high of 6.3% in September
π Govt offers startups up to βΉ50 cr for new drug discovery under pharma scheme
π Origin raises $20 mn from Accel, Zacua to scale construction robotics
π Fairfax to bring IIFL Capital, Digit under IDBI Bank after βΉ52,878 crore deal
π Kumar Mangalam Birla plans up to $30 billion investment in India, overseas
π BlackRock, ADIA, Norges seek anchor slots in Jioβs $3.2 bn IPO.
*Economic Times*
π Wipro Q2 profit dips 1%, gives muted sales outlook
π Edible oil refiners set to clock 10-12% revenue growth in FY27 despite duty cut: Report
π Essar Oil & Gas wins five CBM blocks across three states, adds 6.6 Tcf gas reserves
π Jio partnership helps Googleβs Gemini add 13 million paid subscribers in India
π India passenger vehicle sales rise 22% to 4.54 lakh units in September: SIAM
π India's unemployment rate stays steady at 5% in September
π India's trade deficit widens to $30.21 billion in September despite 23% jump in exports
π Palo Alto CEO Nikesh Arora has secured $147 million through share-linked deal
π India first, orbit next: Skyroot eyes $300 million dual valuation plan
π India's September goods exports rise 23% as imports hit six-month low, narrowing trade deficit
*Business Standard*
π Centre's net direct tax collection rises 13.2% to βΉ13.38 trn till Oct 14
π SC upholds Bombay HC ruling quashing Yes Bank's βΉ8,415-cr AT1 write-off
π Jindal Ferrous expands Odisha footprint with βΉ5,000 cr carbon steel plant
π AUM Ventures aims to close βΉ750 cr fund by March 2027, bets on deep-tech
π Bank deposits hit record $3 trillion, boosted by dollar deposits scheme
π Nestle India Q2FY27 net profit rises 35.9% to βΉ1,010 cr; stock falls 7.8%
π Stellantis to invest βΉ4,000 crore, launch 12 products in 3 years
π Odisha unveils βΉ40K crore industrial projects, eyes over 42,000 jobs
π Myntra customer base grows 30% in 2026, eyes 100 million monthly users
π Defence Ministry signs βΉ4,106 cr deals for IAF satellite, Navy torpedoes
π HDFC AMC net profit climbs 4% to βΉ749 crore in September quarter
π Tata Communications Q2 profit rises 86% to βΉ341 crore, revenue up 9.6%
π South Indian Bank Q2 result: Profit rises 21% to βΉ426 cr, gross NPAs fall
π Ethanol supplies top 9.87 bn litres by Sep, grain feedstocks lead: AIDA
π CII outlines roadmap to bridge $36 bn gap in India's $100 bn M&E ambition
π Flipkart narrows FY26 losses as revenue rises 18%, margins improve
π World Bank Group mobilises $36 bn in India in 4 yrs, $9.6 bn for MSMEs
π CAS review: Sebi announces last 30-minute VWAP method for settlement
π Anthropic's Q3 revenue jumps to $16.8 billion ahead of planned IPO
*Financial Express*
π India to overtake Japan as 4th-largest economy in 2027, IMF projects $4.52 trillion GDP
π HPCL seeks tariff reforms to improve EV charging viability
π UCO Bank Q2 net profit rises 27% to Rs 786 crore
π Air India sets up dedicated team to drive cost savings amid mounting pressures
π L&T Finance net profit rises 33% on retail loan growth
π CII flags $36-bn gap in media ambition
π BoP surplus jumps to $45 bn in August on FCNR inflows
π TechM profit rises 8.3% to Rs 1,586 crore
*Mint*
π Indian mutual funds stop bulk subscriptions to gold ETFs ahead of festive season
π Centre approves 30-day bonus for eligible Central government employees
π ADB, govt of Japan sign financing pact with AM Green Ammonia
π Airfloa Rail secures βΉ34.85 cr contract for Vande Bharat sleeper interiors
π EPFO extends September PF filing deadline to 31 October
π US wholesale inflation hits four-year high of 6.3% in September
π Govt offers startups up to βΉ50 cr for new drug discovery under pharma scheme
π Origin raises $20 mn from Accel, Zacua to scale construction robotics
π Fairfax to bring IIFL Capital, Digit under IDBI Bank after βΉ52,878 crore deal
π Kumar Mangalam Birla plans up to $30 billion investment in India, overseas
π BlackRock, ADIA, Norges seek anchor slots in Jioβs $3.2 bn IPO.
Ipowatch
Tonbo imaging apply for listing as well as long term gain
Bonfiglioli apply for small listing gain
Zetwerk and Sahajanand both good but need to turnaround also coming at high valuations look at post listing and stabalize
#TradeAdda #IPO #IPOWATCH
Tonbo imaging apply for listing as well as long term gain
Bonfiglioli apply for small listing gain
Zetwerk and Sahajanand both good but need to turnaround also coming at high valuations look at post listing and stabalize
#TradeAdda #IPO #IPOWATCH
*Today's News Headlines!!!*
*Economic Times*
π Accenture leases, renews 5.84 lakh sq ft across Mindspace REITβs Airoli parks
π Prestige Estates to launch Rs 40k cr worth homes for sale in H2 of FY27, up 2.5 times from Apr-Sep
π Hindusthan National Glass & Industries to invest βΉ300-βΉ500 crore to boost its manufacturing capacity and expansion efforts
π Indiaβs online retail market to cross $90 billion in 2026, grocery to overtake mobiles: Redseer
π CBDT mandates new disclosures for tax-free gains on govt securities
π Government to review 2019 mineral policy amid new sector priorities
π Gameberry Labs posts 20% rise in FY26 revenue to Rs 711 crore, profit up 17%
π Apple commits up to $100 million for US titanium in domestic manufacturing push
π Drug developer Lycia Therapeutics targets $938 million valuation in US IPO
π Edtech UpGradβs net loss halves to Rs 131 crore in FY26, revenue rises 7.5%
*Business Standard*
π Retail auto sales rise on high base this Navratri, but cars see 14% drop
π OYO parent to nearly halve IPO fresh issue size to up to βΉ3,350 crore
π FM Sitharaman seeks global framework to address the fallout of sanctions
π Trump announces $8 billion fuel aid for US farmers amid diesel price surge
π China's CXMT swings to profit as AI demand fuels memory chip price surge
π YatriKart, MMG group ink βΉ120 cr deal to open 1,000 quick-stop stores
π ByteDance, Alibaba, Tencent place over $35 billion in Nvidia chip orders
π Delhi airport's passenger traffic rises to 38.5 mn in first half of FY27
π Cognizant, Google Cloud expand partnership to drive agentic AI adoption
π Tesla shareholders to vote on Musk's re-election, $158 bn pay on Dec 3
π Trump approval hits record low of 31% ahead of US midterm elections: Poll
*Financial Express*
π Microsoft expands sovereign cloud, AI capabilities
π US eyes bigger India role in Venezuelan oil; RIL to step up purchases
π Qualcomm on track to bring first Wi-Fi 8 products to market by end-2026
π CPI inflation for agri, rural labourers outpaces general price increases
π Trai allows two-way communication on 1600 series
π Optical fibre exports zoom 158% on global AI boom
π Orchid Pharma board clears enabling resolution to raise up to Rs 600 crore
π Hydro slump pushes thermal back into play as September power demand jumps 11%
π Zen Technologies to acquire majority stake in defence tech firm Cogknit for Rs 135 crore
*Mint*
π Amazon to hire over 300,000 workers for holiday season, 20% more than last year
π Rising costs, weak hiring cloud India Incβs 2027 salary outlook
π Former Swiggy CTOβs trading app Sahi eyes up to $50 mn at $500 mn valuation
π Auto part makers tap global firmsβ India appetite to expand in premium segment
π Canara Bank flags bond yield risk, bets on festive credit demand
π Anthropic and Nscale in talks for $45 billion AI computing deal
π Japan launches historic $578 million mission to Mars moon Phobos, return samples.
*Economic Times*
π Accenture leases, renews 5.84 lakh sq ft across Mindspace REITβs Airoli parks
π Prestige Estates to launch Rs 40k cr worth homes for sale in H2 of FY27, up 2.5 times from Apr-Sep
π Hindusthan National Glass & Industries to invest βΉ300-βΉ500 crore to boost its manufacturing capacity and expansion efforts
π Indiaβs online retail market to cross $90 billion in 2026, grocery to overtake mobiles: Redseer
π CBDT mandates new disclosures for tax-free gains on govt securities
π Government to review 2019 mineral policy amid new sector priorities
π Gameberry Labs posts 20% rise in FY26 revenue to Rs 711 crore, profit up 17%
π Apple commits up to $100 million for US titanium in domestic manufacturing push
π Drug developer Lycia Therapeutics targets $938 million valuation in US IPO
π Edtech UpGradβs net loss halves to Rs 131 crore in FY26, revenue rises 7.5%
*Business Standard*
π Retail auto sales rise on high base this Navratri, but cars see 14% drop
π OYO parent to nearly halve IPO fresh issue size to up to βΉ3,350 crore
π FM Sitharaman seeks global framework to address the fallout of sanctions
π Trump announces $8 billion fuel aid for US farmers amid diesel price surge
π China's CXMT swings to profit as AI demand fuels memory chip price surge
π YatriKart, MMG group ink βΉ120 cr deal to open 1,000 quick-stop stores
π ByteDance, Alibaba, Tencent place over $35 billion in Nvidia chip orders
π Delhi airport's passenger traffic rises to 38.5 mn in first half of FY27
π Cognizant, Google Cloud expand partnership to drive agentic AI adoption
π Tesla shareholders to vote on Musk's re-election, $158 bn pay on Dec 3
π Trump approval hits record low of 31% ahead of US midterm elections: Poll
*Financial Express*
π Microsoft expands sovereign cloud, AI capabilities
π US eyes bigger India role in Venezuelan oil; RIL to step up purchases
π Qualcomm on track to bring first Wi-Fi 8 products to market by end-2026
π CPI inflation for agri, rural labourers outpaces general price increases
π Trai allows two-way communication on 1600 series
π Optical fibre exports zoom 158% on global AI boom
π Orchid Pharma board clears enabling resolution to raise up to Rs 600 crore
π Hydro slump pushes thermal back into play as September power demand jumps 11%
π Zen Technologies to acquire majority stake in defence tech firm Cogknit for Rs 135 crore
*Mint*
π Amazon to hire over 300,000 workers for holiday season, 20% more than last year
π Rising costs, weak hiring cloud India Incβs 2027 salary outlook
π Former Swiggy CTOβs trading app Sahi eyes up to $50 mn at $500 mn valuation
π Auto part makers tap global firmsβ India appetite to expand in premium segment
π Canara Bank flags bond yield risk, bets on festive credit demand
π Anthropic and Nscale in talks for $45 billion AI computing deal
π Japan launches historic $578 million mission to Mars moon Phobos, return samples.
*Today's News Headlines!!!*
*Economic Times :*
π Finance ministry estimates Indiaβs Q2 FY27 GDP growth at 7.35%
π Karnataka hikes milk prices by Rs 8 per litre
π IndiGo cuts losses by βΉ703 crore in Q2 while sales fly 26%
π Blue Star strengthens leadership as Q2 revenue jumps 21%, margins tighten
π Abolish LTCG, rationalise STCG, STT rates on equities: PHDCCI to Finance Ministry
π Govt extends Amnesty Scheme under ESIC for three month till December 31
π DoorDash strikes $17 billion deal for US rival Instacart in bets on grocery delivery
π B2B manufacturing startup CapGrid closes Rs 50 crore round; valuation up 40%
π Pine Labs Q2 net profit surges over six-fold to Rs 39 crore; revenue rises 24%
π Dashverse shuts DashReels, seeks $40 million for AI push
π West Asia conflict drives 15-20% rise in corporate working-capital demand at banks
π India's pharma exports rise 4.9% to USD 16.14 bn in H1; shipments to Europe up nearly 10%: Pharmexcil
π Flipkart, Exim Bank lead $8.13 billion external borrowing proposals in August
*Business Standard :*
π Services growth widens in August; 13 of 19 sectors post double-digit gains
π FarEye Technologies narrows FY26 net loss to βΉ9.41 crore on revenue growth
π Uttar Pradesh mulls βΉ5,500 crore investment in green energy infra
π Trent Q2 net profit rises 23% to βΉ464 crore on strong apparel sales
π Sunil Bharti Mittal awarded France's Legion of Honour for business ties
π Asian Paints Q2FY27 result: Profit rises 7.5% to βΉ1,068 cr, sales grow 17%
π Ambuja Cements Q2 net profit plunges 90 pc as margins come under pressure
π TVS Motor to raise e2W capacity to 80,000 units a month by March 2027
π Banking assets in GIFT City jump 60% to $193 bn in 3 months as credit grows
π 78% prioritise wealth preservation, but only 36% plan succession: Report
π Volkswagen posts $6.5 billion loss as China slump, Porsche writedown bite
π SBI Mutual Fund's AUM rises 10% to βΉ13.1 trn; H1 operating profit up 11%
π EPFO plans to channel 3% of fresh inflows into startups, AIF investments
π India signs world's largest green hydrogen offtake commitments: MNRE
π Gold ETFs manage βΉ1.9 trillion despite Sept correction; top 5 control 80%
π Shell beats expectations with $10.8 billion profit, hikes buybacks
π Credit card spending falls 5.9% in September, first decline since 2021
π CAG impact report shows recoveries worth βΉ4,251 crore after audit in FY26
*Financial Express :*
π Noida to develop AI city with GCCs, IT firms and start-ups
π Mumbai airport capacity to rise to 65 million passengers by 2030
π Godrej Consumer Products Q2 results: Profit rises 14%, Rs 5 dividend announced
π Welspun Corp Q2 profit rises 13%; H1 global order book at Rs 50,000 cr
π Dilip Buildcon bags Rs 688 crore NHAI order to build 4-lane corridor in Maharashtra
π GCPL Q2 profit up 14%, margins contract
π Uber rolls out flexible driver passes, expands earning options
*Mint :*
π Nike, Asics eye India's $10 billion sports goods, apparel manufacturing market
π PNB Housing Finance targets βΉ3,000 crore corporate loan book by FY27-end
π Sagility block deal: Promoter to offload 12% stake at βΉ42.45 apiece
π India's HNI term insurance bookings double since 2023, shows new report
π Govt defends IDBI Bank sale process, says earlier norms were only indicative
π Nitin Gadkari announces 120 kmph speed limit on expressways with 20% leeway
π Braid raises $38 million from Octopus Ventures.
*Economic Times :*
π Finance ministry estimates Indiaβs Q2 FY27 GDP growth at 7.35%
π Karnataka hikes milk prices by Rs 8 per litre
π IndiGo cuts losses by βΉ703 crore in Q2 while sales fly 26%
π Blue Star strengthens leadership as Q2 revenue jumps 21%, margins tighten
π Abolish LTCG, rationalise STCG, STT rates on equities: PHDCCI to Finance Ministry
π Govt extends Amnesty Scheme under ESIC for three month till December 31
π DoorDash strikes $17 billion deal for US rival Instacart in bets on grocery delivery
π B2B manufacturing startup CapGrid closes Rs 50 crore round; valuation up 40%
π Pine Labs Q2 net profit surges over six-fold to Rs 39 crore; revenue rises 24%
π Dashverse shuts DashReels, seeks $40 million for AI push
π West Asia conflict drives 15-20% rise in corporate working-capital demand at banks
π India's pharma exports rise 4.9% to USD 16.14 bn in H1; shipments to Europe up nearly 10%: Pharmexcil
π Flipkart, Exim Bank lead $8.13 billion external borrowing proposals in August
*Business Standard :*
π Services growth widens in August; 13 of 19 sectors post double-digit gains
π FarEye Technologies narrows FY26 net loss to βΉ9.41 crore on revenue growth
π Uttar Pradesh mulls βΉ5,500 crore investment in green energy infra
π Trent Q2 net profit rises 23% to βΉ464 crore on strong apparel sales
π Sunil Bharti Mittal awarded France's Legion of Honour for business ties
π Asian Paints Q2FY27 result: Profit rises 7.5% to βΉ1,068 cr, sales grow 17%
π Ambuja Cements Q2 net profit plunges 90 pc as margins come under pressure
π TVS Motor to raise e2W capacity to 80,000 units a month by March 2027
π Banking assets in GIFT City jump 60% to $193 bn in 3 months as credit grows
π 78% prioritise wealth preservation, but only 36% plan succession: Report
π Volkswagen posts $6.5 billion loss as China slump, Porsche writedown bite
π SBI Mutual Fund's AUM rises 10% to βΉ13.1 trn; H1 operating profit up 11%
π EPFO plans to channel 3% of fresh inflows into startups, AIF investments
π India signs world's largest green hydrogen offtake commitments: MNRE
π Gold ETFs manage βΉ1.9 trillion despite Sept correction; top 5 control 80%
π Shell beats expectations with $10.8 billion profit, hikes buybacks
π Credit card spending falls 5.9% in September, first decline since 2021
π CAG impact report shows recoveries worth βΉ4,251 crore after audit in FY26
*Financial Express :*
π Noida to develop AI city with GCCs, IT firms and start-ups
π Mumbai airport capacity to rise to 65 million passengers by 2030
π Godrej Consumer Products Q2 results: Profit rises 14%, Rs 5 dividend announced
π Welspun Corp Q2 profit rises 13%; H1 global order book at Rs 50,000 cr
π Dilip Buildcon bags Rs 688 crore NHAI order to build 4-lane corridor in Maharashtra
π GCPL Q2 profit up 14%, margins contract
π Uber rolls out flexible driver passes, expands earning options
*Mint :*
π Nike, Asics eye India's $10 billion sports goods, apparel manufacturing market
π PNB Housing Finance targets βΉ3,000 crore corporate loan book by FY27-end
π Sagility block deal: Promoter to offload 12% stake at βΉ42.45 apiece
π India's HNI term insurance bookings double since 2023, shows new report
π Govt defends IDBI Bank sale process, says earlier norms were only indicative
π Nitin Gadkari announces 120 kmph speed limit on expressways with 20% leeway
π Braid raises $38 million from Octopus Ventures.
π1