Apply for Nippon Pharma ETF last date 28/06/21
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One more company went bankrupt... If you learn how to keep your principal amount safe in long run you make Money.
Same thing will happen in Reliance (Not Reliance Industries) sooner or later. Still Many people are putting their whole hard earned life time saving in these stocks to get "quick financial freedom".
Your knowledge is your biggest asset nothing else.
Your knowledge is your biggest asset nothing else.
🇮🇳Business News Headlines
Economic Times
Ø FMCG companies log sales growth after Unlock 2.0
Ø India's FDI inflows up 6.24% on year in April 2021: Government
Ø Brakes India completes acquisition of JV partner’s shareholding
Ø HCC Q4 results: Net profit falls by 49% at Rs 157 Crore
Ø Apollo Hospitals Q4 results: Co posts net profit of Rs 169 Crore
Ø Household financial savings moderated to 8.2 pc of GDP in Q3FY21: RBI
Ø Cipla gets USFDA nod for inhalation product
Ø HDFC Life announces Rs 2,180-crore bonus for participating insurance plan subscribers
Ø SaaS startup Rocketlane raises $3 million in seed funding
Ø EV Battery maker Grinntech raises $2 million in bridge funding round
Business Standard
Ø MCA expands small firm definition, raises turnover and borrowing limits
Ø Suraksha group beats NBCC India in close race to buy Jaypee Infratech
Ø Vodafone Idea partners with Cisco to support 4G and 5G user experience
Ø Home Sales rise 93% in Q2CY21 due to low base, says Anarock report
Ø Centre to spend extra Rs 93,868 Crore for running PMGKAY-3 in FY22
Ø Moody's cuts India Growth Forecast for 2021 to 9.6% from 13.9% earlier
Ø Oil Prices jump to more than two-year high as US supplies tighten
Ø Wabco OFS subscribed 1.8 times, India pesticides fully subscribed
Ø Wealth of India's super-rich slips 4.4% in 2020 due to Rupee fall: report
Ø Infosys' buyback of shares worth Rs 9,200 cr to start from Friday
Ø Myntra eyes 50 million potential customers during flagship fashion sale
Financial Express
Ø No Higher Payout to DHFL depositors; lenders vote against raising payout to FD, NCD holders
Ø Cabinet nod to merger of Central Railside Warehouse with CWC
Ø Asirvad Microfinance securitises Rs 262-crore loan in deal with PSB
Ø Amazon India to host Small Business Days 2021 on July 2-4
Ø FICCI urges govt to support tourism, hospitality industry
Ø Piramal Pharma completes acquisition of Hemmo Pharmaceuticals
Ø FM Sitharaman calls for re-thinking financing and development priorities for inclusive, resilient infra
Mint
Ø Centre to restart jobs and migrant surveys in July
Ø India crosses 300 million cumulative covid-19 vaccinations
Ø DoT allocates 5G trial spectrum to MTNL
Ø Tesla opens Solar charging station in Tibet, its first in China
Ø Unitech money-laundering case: ED attaches chopper, 100 land parcels in Mumbai
Ø Sebi bets on AI, plans data analytics project to track market manipulations
Ø Warren Buffett resigns as trustee of Bill and Melinda Gates Foundation
Ø Centre eases norms for BPOs to promote ease of doing business
Ø SoftBank Latin America fund leads $28 million Atom Finance funding round
Economic Times
Ø FMCG companies log sales growth after Unlock 2.0
Ø India's FDI inflows up 6.24% on year in April 2021: Government
Ø Brakes India completes acquisition of JV partner’s shareholding
Ø HCC Q4 results: Net profit falls by 49% at Rs 157 Crore
Ø Apollo Hospitals Q4 results: Co posts net profit of Rs 169 Crore
Ø Household financial savings moderated to 8.2 pc of GDP in Q3FY21: RBI
Ø Cipla gets USFDA nod for inhalation product
Ø HDFC Life announces Rs 2,180-crore bonus for participating insurance plan subscribers
Ø SaaS startup Rocketlane raises $3 million in seed funding
Ø EV Battery maker Grinntech raises $2 million in bridge funding round
Business Standard
Ø MCA expands small firm definition, raises turnover and borrowing limits
Ø Suraksha group beats NBCC India in close race to buy Jaypee Infratech
Ø Vodafone Idea partners with Cisco to support 4G and 5G user experience
Ø Home Sales rise 93% in Q2CY21 due to low base, says Anarock report
Ø Centre to spend extra Rs 93,868 Crore for running PMGKAY-3 in FY22
Ø Moody's cuts India Growth Forecast for 2021 to 9.6% from 13.9% earlier
Ø Oil Prices jump to more than two-year high as US supplies tighten
Ø Wabco OFS subscribed 1.8 times, India pesticides fully subscribed
Ø Wealth of India's super-rich slips 4.4% in 2020 due to Rupee fall: report
Ø Infosys' buyback of shares worth Rs 9,200 cr to start from Friday
Ø Myntra eyes 50 million potential customers during flagship fashion sale
Financial Express
Ø No Higher Payout to DHFL depositors; lenders vote against raising payout to FD, NCD holders
Ø Cabinet nod to merger of Central Railside Warehouse with CWC
Ø Asirvad Microfinance securitises Rs 262-crore loan in deal with PSB
Ø Amazon India to host Small Business Days 2021 on July 2-4
Ø FICCI urges govt to support tourism, hospitality industry
Ø Piramal Pharma completes acquisition of Hemmo Pharmaceuticals
Ø FM Sitharaman calls for re-thinking financing and development priorities for inclusive, resilient infra
Mint
Ø Centre to restart jobs and migrant surveys in July
Ø India crosses 300 million cumulative covid-19 vaccinations
Ø DoT allocates 5G trial spectrum to MTNL
Ø Tesla opens Solar charging station in Tibet, its first in China
Ø Unitech money-laundering case: ED attaches chopper, 100 land parcels in Mumbai
Ø Sebi bets on AI, plans data analytics project to track market manipulations
Ø Warren Buffett resigns as trustee of Bill and Melinda Gates Foundation
Ø Centre eases norms for BPOs to promote ease of doing business
Ø SoftBank Latin America fund leads $28 million Atom Finance funding round
🇮🇳Business News Headlines
Economic Times
Ø RBI launches FY21 round of survey on ITES Exports
Ø India again urges OPEC to phase out oil output cuts
Ø Bank of Maharashtra gets shareholders' nod to raise Rs 5,000 Cr
Ø LIC Housing Finance to raise over Rs 2,334 cr from LIC as equity capital
Ø Future Retail seeks extension of time for filing results
Ø PTC India posts 4% rise in Q4 profit to Rs 49.77 Cr
Ø India Pesticides IPO Subscribed 3.8 times on Day 2
Ø Union Bank of India raises Rs 850 Cr through Bonds
Ø NDMC increases License fees for 2021-22 by up to 7 %
Ø Insurers have settled 15.3 lakh health and 48,000 life claims amid lethal second wave: Irdai Official
Ø Reliance Industries to invest Rs 75,000 crore on new clean energy business over 3 years
Ø India's engineering, research, development market to reach USD 63 bln by 2025: Nasscom
Ø WealthDesk closes its pre-Series A funding round at $3.2 million
Ø Edtech startup Classplus raises $65 million from Tiger Global, others
Business Standard
Ø RBI tightens dividend payout norms for NBFCs, links them to bad debt
Ø RIL offers Board seat to Saudi Aramco's Yasir Al-Rumayyan in global push
Ø Apollo Hospitals pegs a $2.3 Billion sales target for new company
Ø Covered bond issuances increase to Rs 2,200 cr in FY21: ICRA report
Ø CEA expects food inflation to ease with unlock and good monsoon
Ø China all set to operationalise the first electric train in Tibet
Ø Markets regulator Sebi plans to come out with framework for SPACs
Ø Microsoft shows Windows 11, first major overhaul in six years
Financial Express
Ø Maharashtra State Cooperative Bank reports Rs 369-crore net in FY21
Ø Reliance Retail to grow 3x in next 3-5 years, create 10 lakh jobs: RIL Chairman
Ø French firm Imerys pumps in Rs 350 cr in new facility in Andhra Pradesh
Ø Bank of England keeps UK rates at record low of 0.1%
Ø States’ revenues set to cross pre-pandemic level this fiscal: Report
Ø IPO-bound Veeda Clinical Research raises $16 mln in round led by Sabre PE
Ø BSE collaborates with GIFT SEZ to offer finance, capital mkts courses
Ø GMR Infrastructure pledges 2.4 Cr shares in favour of KLJ Plasticizers
Ø Wipro IT Services raises $750 million from overseas bond sale
Ø Paytm extends deadline for Shareholders to submit documents for share sale to June 30
Mint
Ø Govt to amend Apprenticeship Act in monsoon session to boost hiring
Ø Centre may review IBC provision on withdrawal of case
Ø ReNew Power eyes Morgan Stanley stake in Continuum
Ø Indian Bank raises ₹1,650 Crore via QIP
Ø E-way bills pick up further pace in third week of June
Ø Union Bank of India raises ₹850 Cr through bonds
Ø Domestic Air Traffic expected to improve by 52% in FY22: Capa
Ø India's bank Credit-to-GDP Ratio inches up to 56% in 2020: BIS data
Ø US initial Jobless claims fell slightly last week to 411,000
Ø Visa buys Swedish Fintech Tink for more than $2 Billion
Economic Times
Ø RBI launches FY21 round of survey on ITES Exports
Ø India again urges OPEC to phase out oil output cuts
Ø Bank of Maharashtra gets shareholders' nod to raise Rs 5,000 Cr
Ø LIC Housing Finance to raise over Rs 2,334 cr from LIC as equity capital
Ø Future Retail seeks extension of time for filing results
Ø PTC India posts 4% rise in Q4 profit to Rs 49.77 Cr
Ø India Pesticides IPO Subscribed 3.8 times on Day 2
Ø Union Bank of India raises Rs 850 Cr through Bonds
Ø NDMC increases License fees for 2021-22 by up to 7 %
Ø Insurers have settled 15.3 lakh health and 48,000 life claims amid lethal second wave: Irdai Official
Ø Reliance Industries to invest Rs 75,000 crore on new clean energy business over 3 years
Ø India's engineering, research, development market to reach USD 63 bln by 2025: Nasscom
Ø WealthDesk closes its pre-Series A funding round at $3.2 million
Ø Edtech startup Classplus raises $65 million from Tiger Global, others
Business Standard
Ø RBI tightens dividend payout norms for NBFCs, links them to bad debt
Ø RIL offers Board seat to Saudi Aramco's Yasir Al-Rumayyan in global push
Ø Apollo Hospitals pegs a $2.3 Billion sales target for new company
Ø Covered bond issuances increase to Rs 2,200 cr in FY21: ICRA report
Ø CEA expects food inflation to ease with unlock and good monsoon
Ø China all set to operationalise the first electric train in Tibet
Ø Markets regulator Sebi plans to come out with framework for SPACs
Ø Microsoft shows Windows 11, first major overhaul in six years
Financial Express
Ø Maharashtra State Cooperative Bank reports Rs 369-crore net in FY21
Ø Reliance Retail to grow 3x in next 3-5 years, create 10 lakh jobs: RIL Chairman
Ø French firm Imerys pumps in Rs 350 cr in new facility in Andhra Pradesh
Ø Bank of England keeps UK rates at record low of 0.1%
Ø States’ revenues set to cross pre-pandemic level this fiscal: Report
Ø IPO-bound Veeda Clinical Research raises $16 mln in round led by Sabre PE
Ø BSE collaborates with GIFT SEZ to offer finance, capital mkts courses
Ø GMR Infrastructure pledges 2.4 Cr shares in favour of KLJ Plasticizers
Ø Wipro IT Services raises $750 million from overseas bond sale
Ø Paytm extends deadline for Shareholders to submit documents for share sale to June 30
Mint
Ø Govt to amend Apprenticeship Act in monsoon session to boost hiring
Ø Centre may review IBC provision on withdrawal of case
Ø ReNew Power eyes Morgan Stanley stake in Continuum
Ø Indian Bank raises ₹1,650 Crore via QIP
Ø E-way bills pick up further pace in third week of June
Ø Union Bank of India raises ₹850 Cr through bonds
Ø Domestic Air Traffic expected to improve by 52% in FY22: Capa
Ø India's bank Credit-to-GDP Ratio inches up to 56% in 2020: BIS data
Ø US initial Jobless claims fell slightly last week to 411,000
Ø Visa buys Swedish Fintech Tink for more than $2 Billion
🇮🇳Business News Headlines
Economic Times
Ø PharmEasy to acquire 66% Stake in Thyrocare in Rs 4,500 Crore deal
Ø Govt's liabilities rise to Rs 116.2L cr in March
Ø EPFO adds 1.27 Million subscribers in April
Ø Blockchain platform Chainalysis raises $100m, crosses $4b Valuation
Ø PGCIL seeks shareholder nod to capitalise Rs 1,743 Cr reserves to issue bonus shares
Ø Inox Wind March Quarter loss narrows to Rs 105 Cr
Ø JSW Energy Q4 results: Net profit remains flat at Rs 107 Crore
Ø India Pesticides IPO subscribed 29 times on Day 3
Ø Forex reserves decline by $4b to $604b in a week on slide in gold assets
Ø AIFs can invest in securities of investee cos, units of other AIFs: SEBI
Ø DRDO successfully test fires enhanced versions of 122 mm caliber rocket
Ø Amazon buys encrypted messaging app Wickr
Ø Parent Schneider pumps Rs 350 Crore into Luminous
Business Standard
Ø Centre exempts tax on expenses incurred for Covid-19 treatment
Ø Longer wait for depositors as RBI extends curbs on PMC Bank till Dec 31
Ø Rise of digital pay: 1.5 Mn small businesses adopt Razorpay in 15 months
Ø Serum Institute starts Covovax production; Govt expects 200 mn doses by Dec
Ø Vedantu eyes $200 Mn run rate, to hit profitability by June next year
Ø IGL reports 29% YoY surge in consolidated Q4 profit at Rs 375 Crore
Ø RBI holds back selling 10-yr bond indicating advent of new benchmark paper
Ø SBI ready to meet credit growth spike, expects loan book to grow 9% in FY22
Ø Sebi looks to broaden IPO reach, plans to rope in Payment banks
Ø After incubation plan success, Maruti may pick stake in mobility start-ups
Financial Express
Ø DHFL retail investor moves NCLAT against delisting of shares
Ø Tata Consumer to strengthen e-commerce along with traditional distribution: TCPL Chairman N Chandrasekaran
Ø ONGC reports Rs 6,734 Cr Net Profit in Q4
Ø Indian Economy may grow 8.4-10.1% in current financial year: NCAER
Ø Covid-19 to worsen indebtedness of states despite Economic rebound: S&P
Ø Continuous reforms makes India Great Place to do business: Nirmala Sitharaman to US investors
Ø Higher Petrol, Diesel consumption can help govt cut fuel cess without impacting revenues: ICRA
Ø Pvt Security co Tenon Group plans IPO next fiscal; says, shifting focus to remote monitoring ahead of listing
Mint
Ø Oil set for weekly gain as focus turns to upcoming OPEC+ meeting
Ø NCLT issues written order approving Resolution plan for Jet Airways
Ø Relief for taxpayers as govt announces various measures, extends deadlines
Ø PAN-Aadhaar linking deadline extended by 3 months to 30 Sept: Govt
Ø ApnaKlub raises funds from Blume Ventures, Whiteboard Capital
Ø UK adds more destinations to Quarantine-free Travel list
Ø Shilpa Medicare gets DRDO nod to Manufacture & sell 2DG Covid drug
Economic Times
Ø PharmEasy to acquire 66% Stake in Thyrocare in Rs 4,500 Crore deal
Ø Govt's liabilities rise to Rs 116.2L cr in March
Ø EPFO adds 1.27 Million subscribers in April
Ø Blockchain platform Chainalysis raises $100m, crosses $4b Valuation
Ø PGCIL seeks shareholder nod to capitalise Rs 1,743 Cr reserves to issue bonus shares
Ø Inox Wind March Quarter loss narrows to Rs 105 Cr
Ø JSW Energy Q4 results: Net profit remains flat at Rs 107 Crore
Ø India Pesticides IPO subscribed 29 times on Day 3
Ø Forex reserves decline by $4b to $604b in a week on slide in gold assets
Ø AIFs can invest in securities of investee cos, units of other AIFs: SEBI
Ø DRDO successfully test fires enhanced versions of 122 mm caliber rocket
Ø Amazon buys encrypted messaging app Wickr
Ø Parent Schneider pumps Rs 350 Crore into Luminous
Business Standard
Ø Centre exempts tax on expenses incurred for Covid-19 treatment
Ø Longer wait for depositors as RBI extends curbs on PMC Bank till Dec 31
Ø Rise of digital pay: 1.5 Mn small businesses adopt Razorpay in 15 months
Ø Serum Institute starts Covovax production; Govt expects 200 mn doses by Dec
Ø Vedantu eyes $200 Mn run rate, to hit profitability by June next year
Ø IGL reports 29% YoY surge in consolidated Q4 profit at Rs 375 Crore
Ø RBI holds back selling 10-yr bond indicating advent of new benchmark paper
Ø SBI ready to meet credit growth spike, expects loan book to grow 9% in FY22
Ø Sebi looks to broaden IPO reach, plans to rope in Payment banks
Ø After incubation plan success, Maruti may pick stake in mobility start-ups
Financial Express
Ø DHFL retail investor moves NCLAT against delisting of shares
Ø Tata Consumer to strengthen e-commerce along with traditional distribution: TCPL Chairman N Chandrasekaran
Ø ONGC reports Rs 6,734 Cr Net Profit in Q4
Ø Indian Economy may grow 8.4-10.1% in current financial year: NCAER
Ø Covid-19 to worsen indebtedness of states despite Economic rebound: S&P
Ø Continuous reforms makes India Great Place to do business: Nirmala Sitharaman to US investors
Ø Higher Petrol, Diesel consumption can help govt cut fuel cess without impacting revenues: ICRA
Ø Pvt Security co Tenon Group plans IPO next fiscal; says, shifting focus to remote monitoring ahead of listing
Mint
Ø Oil set for weekly gain as focus turns to upcoming OPEC+ meeting
Ø NCLT issues written order approving Resolution plan for Jet Airways
Ø Relief for taxpayers as govt announces various measures, extends deadlines
Ø PAN-Aadhaar linking deadline extended by 3 months to 30 Sept: Govt
Ø ApnaKlub raises funds from Blume Ventures, Whiteboard Capital
Ø UK adds more destinations to Quarantine-free Travel list
Ø Shilpa Medicare gets DRDO nod to Manufacture & sell 2DG Covid drug
🇮🇳Business News Headlines
Economic Times
Ø No order issued for Payment of increased DA, DR, says FinMin
Ø Kirana Grocery Retail Stores see record adoption of Tech, led by Udaan, SnapBizz
Ø India Inc to explore and extract mineral reserves 6,000 Meter under the sea
Ø India's plan to permit space startups to build rocket launchpads as good as any, says industry
Ø Jet Airways: Seven-member monitoring panel to manage Airline under Resolution plan
Ø Volkswagen to end sales of Combustion engines in Europe by 2035
Ø In Covid year, banks see Record Profit of Rs 1 lakh crore
Ø Hero Cycles delivers first batch of made-in-India e-bikes to Europe
Ø Shree Renuka Sugars investing Rs 450 crore to raise ethanol capacity
Ø SIAC to start hearing over Amazon-Future dispute from July 2
Ø Ashok Leyland to set up ‘Mother EV’ Plant in India under UK-subsidiary Switch
Business Standard
Ø Vedanta will not go to family, it will be institutionalised: Anil Agarwal
Ø Scooters coming soon, says Ola as phase 1 of factory nears completion
Ø Third wave of coronavirus won't be as severe as second wave: ICMR Official
Ø India 'incredibly important' partner to US in the region and Globally : WH
Ø Share Cowin tech expertise with other countries, says PM Modi in meeting
Financial Express
Ø MSMEs need to integrate with global value chains: Union minister
Ø If we do not attract a Third wave, there is hope for 9 % GDP Growth in 2021-22: Dr Rangarajan
Ø Sugar Prices fall in International markets, could impact Exports
Ø Petrol, Diesel Price rise: Room to cut Auto fuel taxes by Rs 4.50/litre, says ICRA
Mint
Ø UK health minister Matt Hancock resigns after breaking Covid rules with affair
Ø Over 58.1 Lakh Covid vaccine doses administered on Saturday
Ø Mondelez India funds pilot to recycle multi-layered plastic
Ø RBI may opt for policy normalization earlier than anticipated: Societe Generale
Ø Indian scientists develop Nanogenerator for use in self powering devices
Ø CBSE goes virtual to issue duplicates for lost certificates
Ø Govt extends Fame scheme till 2024
Ø Choice International reports 44% drop in March Quarter Profit
Ø Banks added 47% fewer Credit Cards in April than Previous month
Ø Dabur, Patanjali, Hamdard others come together to form India Honey Alliance
Ø Panasonic sells Tesla stake for $3.6 Billion
Economic Times
Ø No order issued for Payment of increased DA, DR, says FinMin
Ø Kirana Grocery Retail Stores see record adoption of Tech, led by Udaan, SnapBizz
Ø India Inc to explore and extract mineral reserves 6,000 Meter under the sea
Ø India's plan to permit space startups to build rocket launchpads as good as any, says industry
Ø Jet Airways: Seven-member monitoring panel to manage Airline under Resolution plan
Ø Volkswagen to end sales of Combustion engines in Europe by 2035
Ø In Covid year, banks see Record Profit of Rs 1 lakh crore
Ø Hero Cycles delivers first batch of made-in-India e-bikes to Europe
Ø Shree Renuka Sugars investing Rs 450 crore to raise ethanol capacity
Ø SIAC to start hearing over Amazon-Future dispute from July 2
Ø Ashok Leyland to set up ‘Mother EV’ Plant in India under UK-subsidiary Switch
Business Standard
Ø Vedanta will not go to family, it will be institutionalised: Anil Agarwal
Ø Scooters coming soon, says Ola as phase 1 of factory nears completion
Ø Third wave of coronavirus won't be as severe as second wave: ICMR Official
Ø India 'incredibly important' partner to US in the region and Globally : WH
Ø Share Cowin tech expertise with other countries, says PM Modi in meeting
Financial Express
Ø MSMEs need to integrate with global value chains: Union minister
Ø If we do not attract a Third wave, there is hope for 9 % GDP Growth in 2021-22: Dr Rangarajan
Ø Sugar Prices fall in International markets, could impact Exports
Ø Petrol, Diesel Price rise: Room to cut Auto fuel taxes by Rs 4.50/litre, says ICRA
Mint
Ø UK health minister Matt Hancock resigns after breaking Covid rules with affair
Ø Over 58.1 Lakh Covid vaccine doses administered on Saturday
Ø Mondelez India funds pilot to recycle multi-layered plastic
Ø RBI may opt for policy normalization earlier than anticipated: Societe Generale
Ø Indian scientists develop Nanogenerator for use in self powering devices
Ø CBSE goes virtual to issue duplicates for lost certificates
Ø Govt extends Fame scheme till 2024
Ø Choice International reports 44% drop in March Quarter Profit
Ø Banks added 47% fewer Credit Cards in April than Previous month
Ø Dabur, Patanjali, Hamdard others come together to form India Honey Alliance
Ø Panasonic sells Tesla stake for $3.6 Billion