🇮🇳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