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
🇮🇳Business News Headlines
Economic Times
Ø UK's Financial Watchdog Orders Crypto exchange Binance to stop Regulated activities
Ø Zydus Cadila COVID-19 Vaccine for children above 12 yrs expected by August, says NTAGI Chief
Ø DLF sells 551 Independent Floors in Gurugram since October 2020 for over Rs 1,200 Cr on better demand
Ø PG Electroplast lines up Rs 100 Crore investment for FY22
Ø InterGlobe Aviation gets shareholders' approval to raise Rs 3,000 Cr via QIP
Ø Future Consumer Q4 results: Firm reports loss at Rs 155 Crore, Revenue slides by 59%
Ø Ashiana Housing Q4 Results: Net loss narrows to Rs 5 Crore ; income falls
Ø Gold imports jump multi-fold to USD 6.91 billion in April-May on low base effect
Ø Rs 4,698.10 Cr paid for death claims under PMJJBY last fiscal
Ø 478 Infra projects show cost overruns worth Rs 4.4 lakh crore
Ø HSBC commits $5 Billion in Corporate lending to help UAE Growth
Ø Indian Economy poised for recovery in FY22: SBI Chairman Dinesh Kumar Khara
Ø Railways improves Operating ratio to 97.45% in Covid-hit 2020-21
Ø IL&FS gets Rs 1,925 crore from Haryana govt in Gurgaon Metro Project case
Ø Mobikwik raises $20 Million from ADIA at over $700 Million Valuation
Business Standard
Ø Productivity not deterred by shift to remote work amid Covid-19: Survey
Ø Adani Group to add 5 Gw Green energy a year for next decade, says chairman
Ø Centre adds over 32,000 Cold chain equipment since March last year
Ø Traffic on National Highways back to April level, shows CRISIL data
Ø India's Crude Steel output grows 46.9% to 9.2 mn tonnes in May: Report
Ø India's Coal import rises 30% to 22 million tonnes in April
Ø 51% of Covid-19 Vaccinations in May-June have been in rural centres
Ø After Air India, Cairn to target more Indian state-owned firms for recovery
Ø Adani Ports to expand cargo ops, eyes 500 million tonne throughput by 2025
Financial Express
Ø Iron ore export to Japan to continue despite withdrawal of duty waiver: NMDC chief
Ø NTPC to forge global partnership on clean energy research
Ø Ground handling operators seek govt support to help tide over pandemic-induced crisis
Ø CAIT urges govt not to dilute draft e-commerce rules
Ø GAME partners with SIDBI to help MSMEs revive biz amid pandemic
Ø AMNS India executes paperless bill discounting transaction in partnership with ICICI Bank
Ø Govt Panel for jute to meet on June 30, discuss reservation for packaging of commodities
Ø Petrol crosses Rs 100 in Bihar after another round of price hike
Ø FPIs turn net buyers in June; invest Rs 12,714 Crore in Indian markets
Ø Mcap of 6 of top 10 Firms soars over Rs 1.11 Lakh Cr; TCS, Infosys lead gainers
Mint
Ø Individuals can now sell Pension Products : PFRDA Chairman
Ø Food Subsidy bill hits record high of ₹5 Trillion in 2020-21
Ø Centrum faces multiple riders as it readies to take over PMC
Ø Alteria signs deal to invest ₹20 crore in Pratilipi
Ø Slice gets $20 Mn from Gunosy and Blume Ventures
Ø Fed’s Rosengren says 2022 Rate hike in play as job market heals
Ø Rich countries using vaccine hesitancy as pretext to not donate jabs: WHO Chief
Ø Skanray files draft papers for ₹400-Cr IPO
Ø At least 90% of India Inc. favour Labour reforms via four Codes : Survey
Ø IIT Madras to create repository of Indian Start-ups, Research on Risk financing
Ø Govt Plans to link e-courts with land records to ease Property registration
Ø RBI hunts for entity to develop Multimedia Publicity material in 14 Languages
Economic Times
Ø UK's Financial Watchdog Orders Crypto exchange Binance to stop Regulated activities
Ø Zydus Cadila COVID-19 Vaccine for children above 12 yrs expected by August, says NTAGI Chief
Ø DLF sells 551 Independent Floors in Gurugram since October 2020 for over Rs 1,200 Cr on better demand
Ø PG Electroplast lines up Rs 100 Crore investment for FY22
Ø InterGlobe Aviation gets shareholders' approval to raise Rs 3,000 Cr via QIP
Ø Future Consumer Q4 results: Firm reports loss at Rs 155 Crore, Revenue slides by 59%
Ø Ashiana Housing Q4 Results: Net loss narrows to Rs 5 Crore ; income falls
Ø Gold imports jump multi-fold to USD 6.91 billion in April-May on low base effect
Ø Rs 4,698.10 Cr paid for death claims under PMJJBY last fiscal
Ø 478 Infra projects show cost overruns worth Rs 4.4 lakh crore
Ø HSBC commits $5 Billion in Corporate lending to help UAE Growth
Ø Indian Economy poised for recovery in FY22: SBI Chairman Dinesh Kumar Khara
Ø Railways improves Operating ratio to 97.45% in Covid-hit 2020-21
Ø IL&FS gets Rs 1,925 crore from Haryana govt in Gurgaon Metro Project case
Ø Mobikwik raises $20 Million from ADIA at over $700 Million Valuation
Business Standard
Ø Productivity not deterred by shift to remote work amid Covid-19: Survey
Ø Adani Group to add 5 Gw Green energy a year for next decade, says chairman
Ø Centre adds over 32,000 Cold chain equipment since March last year
Ø Traffic on National Highways back to April level, shows CRISIL data
Ø India's Crude Steel output grows 46.9% to 9.2 mn tonnes in May: Report
Ø India's Coal import rises 30% to 22 million tonnes in April
Ø 51% of Covid-19 Vaccinations in May-June have been in rural centres
Ø After Air India, Cairn to target more Indian state-owned firms for recovery
Ø Adani Ports to expand cargo ops, eyes 500 million tonne throughput by 2025
Financial Express
Ø Iron ore export to Japan to continue despite withdrawal of duty waiver: NMDC chief
Ø NTPC to forge global partnership on clean energy research
Ø Ground handling operators seek govt support to help tide over pandemic-induced crisis
Ø CAIT urges govt not to dilute draft e-commerce rules
Ø GAME partners with SIDBI to help MSMEs revive biz amid pandemic
Ø AMNS India executes paperless bill discounting transaction in partnership with ICICI Bank
Ø Govt Panel for jute to meet on June 30, discuss reservation for packaging of commodities
Ø Petrol crosses Rs 100 in Bihar after another round of price hike
Ø FPIs turn net buyers in June; invest Rs 12,714 Crore in Indian markets
Ø Mcap of 6 of top 10 Firms soars over Rs 1.11 Lakh Cr; TCS, Infosys lead gainers
Mint
Ø Individuals can now sell Pension Products : PFRDA Chairman
Ø Food Subsidy bill hits record high of ₹5 Trillion in 2020-21
Ø Centrum faces multiple riders as it readies to take over PMC
Ø Alteria signs deal to invest ₹20 crore in Pratilipi
Ø Slice gets $20 Mn from Gunosy and Blume Ventures
Ø Fed’s Rosengren says 2022 Rate hike in play as job market heals
Ø Rich countries using vaccine hesitancy as pretext to not donate jabs: WHO Chief
Ø Skanray files draft papers for ₹400-Cr IPO
Ø At least 90% of India Inc. favour Labour reforms via four Codes : Survey
Ø IIT Madras to create repository of Indian Start-ups, Research on Risk financing
Ø Govt Plans to link e-courts with land records to ease Property registration
Ø RBI hunts for entity to develop Multimedia Publicity material in 14 Languages
🇮🇳Business News Headlines
Economic Times
Ø Over 32.85 Cr Covid Vaccine Doses administered in Country : Govt
Ø Co-op Banks shall not outsource Core management functions: RBI
Ø CRISIL gets into ESG Rating, launches scores for 225 Companies
Ø Punjab & Sind Bank to seek Shareholder nod to set off losses of Rs 3,577 Cr from Share premium account
Ø UK’s Standard Life to sell 3.46% Stake in HDFC Life Insurance on Tuesday
Ø NLC India Q4 Profit rises 52% to Rs 757 Cr
Ø Zee Media Corp Q4 Profit drops nearly 6% to Rs 10.50 Cr
Ø FM announces stimulus package for economic revival, raises ECLGS scheme limit to Rs 4.5 lakh crore
Ø Govt to formulate streamlined approval process for PPP projects, core infra asset monetisation
Ø NTPC invites EoI to set up 1GW battery storage system
Ø Wipro Aerospace unit to acquire Boeing supplier for $31 million
Ø Encube Ethicals gets funding from Quadria Capital, others at $800 million valuation
Ø LocoNav raises $37 million in funding from Sequoia India, others
Business Standard
Ø Tata Motors to launch 10 EVs by 2025, 'lead change' on carbon footprint
Ø Sebi keeps approval to Go Air's Rs 3,600-crore IPO in abeyance
Ø Central Coalfields awards Rs 9,294 Crore mining project to Power Mech
Ø FTAs with key nations will boost exports, attract more investments: FIEO
Ø Rs 1.75-trn disinvestment target on track: CEA Krishnamurthy Subramanian
Ø IFSC eases capital norms for AIFs, exempts need for sponsors' commitment
Ø Strong debut by Dodla and KIMS, gain 42% and 21% respectively at close
Ø DRL launches DRDO drug 2-DG to treat moderate to severe Covid patients
*Financial Express
Ø Tenure for smartphone PLI extended by a year; BharatNet outlay hiked
Ø Emami hikes stake in Helios Lifestyle to 45.96%, becomes largest shareholder
Ø Quarterly results: Repco Home Finance net up 32% in Q4
Ø MSME Minister Gadkari announces integration of Udyam with CSCs, a dashboard to monitor schemes
Ø Mastercard buys stake in Instamojo
Ø Piramal Enterprises to raise up to Rs 1,000 cr via NCDs
Ø Chhattisgarh Steel plant demerger to be completed in Q3: NMDC
Ø Real estate development along national highways offers over 15% returns: JLL India
Ø Commercial Bank of Kuwait selects TCS solution to transform treasury operations
Ø Unemployment rate down to 8.7%, LPR fall a cause for concern
Ø Exports target of $400 bn for FY22 requires aggressive marketing strategy:FIEO
Ø Cotton body seeks withdrawal of 10% customs duty
Ø Skanray Technologies files IPO papers with Sebi
Mint
Ø Centre reinforces usage of GeM Portal
Ø JPMorgan takes 40% stake in Brazil's C6 Bank
Ø Govt buys record 432.83 lakh tonnes of wheat at MSP for nearly ₹85,500 crore
Ø Serum Institute applies for emergency use licence for Covishield in EU
Ø Business activity recovers for fifth week as cases, lockdowns ease: Report
Ø Gaming tech startup Mobius gets funding from angel investors
Ø Nua raises $7.1 million in pre-Series B funding round led by Lightbox
Ø India's Air Passenger traffic rises for fourth week in a row
Ø D2C firm boAt forays into Personal Grooming Category with sub-brand Misfit
Economic Times
Ø Over 32.85 Cr Covid Vaccine Doses administered in Country : Govt
Ø Co-op Banks shall not outsource Core management functions: RBI
Ø CRISIL gets into ESG Rating, launches scores for 225 Companies
Ø Punjab & Sind Bank to seek Shareholder nod to set off losses of Rs 3,577 Cr from Share premium account
Ø UK’s Standard Life to sell 3.46% Stake in HDFC Life Insurance on Tuesday
Ø NLC India Q4 Profit rises 52% to Rs 757 Cr
Ø Zee Media Corp Q4 Profit drops nearly 6% to Rs 10.50 Cr
Ø FM announces stimulus package for economic revival, raises ECLGS scheme limit to Rs 4.5 lakh crore
Ø Govt to formulate streamlined approval process for PPP projects, core infra asset monetisation
Ø NTPC invites EoI to set up 1GW battery storage system
Ø Wipro Aerospace unit to acquire Boeing supplier for $31 million
Ø Encube Ethicals gets funding from Quadria Capital, others at $800 million valuation
Ø LocoNav raises $37 million in funding from Sequoia India, others
Business Standard
Ø Tata Motors to launch 10 EVs by 2025, 'lead change' on carbon footprint
Ø Sebi keeps approval to Go Air's Rs 3,600-crore IPO in abeyance
Ø Central Coalfields awards Rs 9,294 Crore mining project to Power Mech
Ø FTAs with key nations will boost exports, attract more investments: FIEO
Ø Rs 1.75-trn disinvestment target on track: CEA Krishnamurthy Subramanian
Ø IFSC eases capital norms for AIFs, exempts need for sponsors' commitment
Ø Strong debut by Dodla and KIMS, gain 42% and 21% respectively at close
Ø DRL launches DRDO drug 2-DG to treat moderate to severe Covid patients
*Financial Express
Ø Tenure for smartphone PLI extended by a year; BharatNet outlay hiked
Ø Emami hikes stake in Helios Lifestyle to 45.96%, becomes largest shareholder
Ø Quarterly results: Repco Home Finance net up 32% in Q4
Ø MSME Minister Gadkari announces integration of Udyam with CSCs, a dashboard to monitor schemes
Ø Mastercard buys stake in Instamojo
Ø Piramal Enterprises to raise up to Rs 1,000 cr via NCDs
Ø Chhattisgarh Steel plant demerger to be completed in Q3: NMDC
Ø Real estate development along national highways offers over 15% returns: JLL India
Ø Commercial Bank of Kuwait selects TCS solution to transform treasury operations
Ø Unemployment rate down to 8.7%, LPR fall a cause for concern
Ø Exports target of $400 bn for FY22 requires aggressive marketing strategy:FIEO
Ø Cotton body seeks withdrawal of 10% customs duty
Ø Skanray Technologies files IPO papers with Sebi
Mint
Ø Centre reinforces usage of GeM Portal
Ø JPMorgan takes 40% stake in Brazil's C6 Bank
Ø Govt buys record 432.83 lakh tonnes of wheat at MSP for nearly ₹85,500 crore
Ø Serum Institute applies for emergency use licence for Covishield in EU
Ø Business activity recovers for fifth week as cases, lockdowns ease: Report
Ø Gaming tech startup Mobius gets funding from angel investors
Ø Nua raises $7.1 million in pre-Series B funding round led by Lightbox
Ø India's Air Passenger traffic rises for fourth week in a row
Ø D2C firm boAt forays into Personal Grooming Category with sub-brand Misfit