🇮🇳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
🇮🇳Business News Headlines
Economic Times
Ø India breaks into Top 10 Countries on UN’s index measuring commitment to Cybersecurity
Ø Government issues Draft notification on ethanol blending in petrol
Ø Government cuts Import Duty on Crude Palm oil to 10%
Ø FM asks ministries to surpass Capex target set for FY22
Ø MHA issues fresh COVID-19 guidelines for States/UTs
Ø Bharti to invest additional Rs 3,700 Cr into OneWeb
Ø Indiabulls Housing Finance gets board nod for Rs 7,000 Cr Fund mop-up
Ø SoftBank-backed Dingdong rises 19% in market debut, valued at $6.6 Billion
Ø Ruchi Soya posts Rs 314 Cr profit in Q4
Ø GIC Re posts Rs 1,991 Cr profit in FY21
Ø Reliance Industries announce Mega Petrochemical joint venture with ADNOC in UAE
Ø Emami Realty to develop township worth Rs 300 Crore in Kolkata
Ø 10club raises one of the largest seed funding rounds in India
Ø Grofers to turn unicorn with Zomato funds
Business Standard
Ø Cipla gets DCGI nod to import Moderna vaccine; no commercial deal yet
Ø Sebi overhauls norms for appointment, removal of independent directors
Ø Godrej Holding Company hikes stake in Godrej Properties, Agrovet
Ø Serum Institute applies for EU nod through drugmaker AstraZeneca
Ø Standard Life sells 5% stake in HDFC Life Insurance in two tranches
Ø NTPC to hive renewable arm and list it soon, plans to add 60 Gw capacity
Ø NITI moots 100% I-T exemption for donations to not-for-profit hospitals
Ø Private Sector Banks' share in Loans rises to 36.5% in FY21
Ø World Bank raises China's Economic Growth Outlook to 8.5% from 8.1%
Ø Indian Hedge funds beat Asian, EM peers; provide 6.6% Returns in May
Ø Gadkari emphasises on all-round efforts for Aatmanirbhar Bharat initiatives
Financial Express
Ø DoT starts Online Portal for Spectrum allocation for trials to telcos
Ø Axis Bank inks multi-year deal with AWS for powering digital banking services
Ø NXP, Jio Platforms team up to drive expanded 5G use cases in India
Ø Parag Milk forays into fat-free milk segment, priced at Rs 120-140/litre
Ø Cabinet may soon clear proposal for govt guarantee to bad bank
Ø UK-based fintech firm Tide enters India to tap the growing SMB market, to invest Rs 1,000 Crore over the next five years
Ø Airblack raises $5.2 million in funding from Info Edge Ventures, Elevation Capital
Ø RBI in a bind amid weak growth, surging inflation; may not hike rates till Q1 FY23: Report
Ø US announces USD 41 Million additional COVID 19 assistance to India
Mint
Ø NCERT to develop Separate Curriculum Frameworks as part of NEP
Ø Quizizz raises $31.5 Million from Tiger Global, Yahoo’s Yang
Ø Oil rises as OPEC fuels demand hopes amid new Covid-19 worries
Ø India mulls rules to encourage companies' shift to green energy
Ø Amitabh Kant gets one year extension as NITI Aayog CEO
Ø Parliamentary panel directs Facebook, Google to comply with new IT rules: Report
Ø Centre creates Online portal to collect real-time data of Govt, Pvt Warehouses
Ø SEBI raises maximum reward for investor trading informants to ₹10 Crore
Ø IRCTC Q4 Results : Net falls 23% to ₹104 Cr, firm announces dividend of ₹5
Economic Times
Ø India breaks into Top 10 Countries on UN’s index measuring commitment to Cybersecurity
Ø Government issues Draft notification on ethanol blending in petrol
Ø Government cuts Import Duty on Crude Palm oil to 10%
Ø FM asks ministries to surpass Capex target set for FY22
Ø MHA issues fresh COVID-19 guidelines for States/UTs
Ø Bharti to invest additional Rs 3,700 Cr into OneWeb
Ø Indiabulls Housing Finance gets board nod for Rs 7,000 Cr Fund mop-up
Ø SoftBank-backed Dingdong rises 19% in market debut, valued at $6.6 Billion
Ø Ruchi Soya posts Rs 314 Cr profit in Q4
Ø GIC Re posts Rs 1,991 Cr profit in FY21
Ø Reliance Industries announce Mega Petrochemical joint venture with ADNOC in UAE
Ø Emami Realty to develop township worth Rs 300 Crore in Kolkata
Ø 10club raises one of the largest seed funding rounds in India
Ø Grofers to turn unicorn with Zomato funds
Business Standard
Ø Cipla gets DCGI nod to import Moderna vaccine; no commercial deal yet
Ø Sebi overhauls norms for appointment, removal of independent directors
Ø Godrej Holding Company hikes stake in Godrej Properties, Agrovet
Ø Serum Institute applies for EU nod through drugmaker AstraZeneca
Ø Standard Life sells 5% stake in HDFC Life Insurance in two tranches
Ø NTPC to hive renewable arm and list it soon, plans to add 60 Gw capacity
Ø NITI moots 100% I-T exemption for donations to not-for-profit hospitals
Ø Private Sector Banks' share in Loans rises to 36.5% in FY21
Ø World Bank raises China's Economic Growth Outlook to 8.5% from 8.1%
Ø Indian Hedge funds beat Asian, EM peers; provide 6.6% Returns in May
Ø Gadkari emphasises on all-round efforts for Aatmanirbhar Bharat initiatives
Financial Express
Ø DoT starts Online Portal for Spectrum allocation for trials to telcos
Ø Axis Bank inks multi-year deal with AWS for powering digital banking services
Ø NXP, Jio Platforms team up to drive expanded 5G use cases in India
Ø Parag Milk forays into fat-free milk segment, priced at Rs 120-140/litre
Ø Cabinet may soon clear proposal for govt guarantee to bad bank
Ø UK-based fintech firm Tide enters India to tap the growing SMB market, to invest Rs 1,000 Crore over the next five years
Ø Airblack raises $5.2 million in funding from Info Edge Ventures, Elevation Capital
Ø RBI in a bind amid weak growth, surging inflation; may not hike rates till Q1 FY23: Report
Ø US announces USD 41 Million additional COVID 19 assistance to India
Mint
Ø NCERT to develop Separate Curriculum Frameworks as part of NEP
Ø Quizizz raises $31.5 Million from Tiger Global, Yahoo’s Yang
Ø Oil rises as OPEC fuels demand hopes amid new Covid-19 worries
Ø India mulls rules to encourage companies' shift to green energy
Ø Amitabh Kant gets one year extension as NITI Aayog CEO
Ø Parliamentary panel directs Facebook, Google to comply with new IT rules: Report
Ø Centre creates Online portal to collect real-time data of Govt, Pvt Warehouses
Ø SEBI raises maximum reward for investor trading informants to ₹10 Crore
Ø IRCTC Q4 Results : Net falls 23% to ₹104 Cr, firm announces dividend of ₹5
🇮🇳Business News Headlines
Economic Times
Ø Promoters repay entire Rs 1,596 crore debt owed to Macrotech Developers
Ø New Margin rule: Now hedge your Commodity positions at 75% discount
Ø India received 10 per cent excess rainfall in June: IMD
Ø No change in PPF, NSC interest rates
Ø 3i Infotech to hire over 1,000 people this year
Ø Mahindra-owned SsangYong puts controlling stake up for auction
Ø Rising input costs are forcing companies to hike prices again
Ø Power reforms: Cabinet approves Rs 3.03 lakh cr scheme to strengthen discoms
Ø NTPC says it adopted best relief measures after Chamoli disaster
Business Standard
Ø Tata Steel ramps up financials; recommends highest ever dividend
Ø Voda Idea net loss declines to Rs 7,022 cr on lower exceptional expenses
Ø Oil set for best half since 2009 as demand recovers ahead of OPEC meeting
Ø Embassy REIT trading lot size to reduce from current 200 units to 1 unit
Ø S&P Global cuts India's growth forecast to 9.5% from 11%, trims EM overall.
Financial Express
Ø Milk gets costlier: Amul hikes prices pan-India by this much
Ø Sebi gives more time to brokers, clearing members to comply with rules
Ø Analyst Corner: Downgrade JSW Energy to ‘sell’ with TP of Rs 130
Ø Skanray Technologies files IPO papers with Sebi.
Ø Eight core sectors’ output rises 16.8 pc in May
Ø India set to clock record rice exports in current year too
Mint
Ø CDC Group sells 3.7% stake in IIFL Finance worth Rs337 crore
Ø SpiceJet plans to raise Rs2,500 cr as airline reports loss for 5th straight qtr
Ø Adani Green's acquisition of entire stake in SB Energy approved by CCI
Ø India allows imports of refined palm oil for six months
Ø Investors' wealth soars ₹25.46 lakh cr so far this fiscal
Ø JSW Steel to pump in over ₹25,000 cr to ramp up capacity to 37 million tonne
Business Line
Ø RBI led non-tax receipts help govt to limit fisc deficit to 8.2% during April-May
Ø Bombay HC upholds TRAI tariff order’s Constitutional validity
Ø Jet Airways public shareholders to get 1 share for every 100
Ø Cabinet approves additional ₹19,041 crore for BharatNet PPP
Ø Steel prices cooling off by ₹3,000/t
Ø NBFC-MFIs: Sector sees nearly 25% decline in FY21
Economic Times
Ø Promoters repay entire Rs 1,596 crore debt owed to Macrotech Developers
Ø New Margin rule: Now hedge your Commodity positions at 75% discount
Ø India received 10 per cent excess rainfall in June: IMD
Ø No change in PPF, NSC interest rates
Ø 3i Infotech to hire over 1,000 people this year
Ø Mahindra-owned SsangYong puts controlling stake up for auction
Ø Rising input costs are forcing companies to hike prices again
Ø Power reforms: Cabinet approves Rs 3.03 lakh cr scheme to strengthen discoms
Ø NTPC says it adopted best relief measures after Chamoli disaster
Business Standard
Ø Tata Steel ramps up financials; recommends highest ever dividend
Ø Voda Idea net loss declines to Rs 7,022 cr on lower exceptional expenses
Ø Oil set for best half since 2009 as demand recovers ahead of OPEC meeting
Ø Embassy REIT trading lot size to reduce from current 200 units to 1 unit
Ø S&P Global cuts India's growth forecast to 9.5% from 11%, trims EM overall.
Financial Express
Ø Milk gets costlier: Amul hikes prices pan-India by this much
Ø Sebi gives more time to brokers, clearing members to comply with rules
Ø Analyst Corner: Downgrade JSW Energy to ‘sell’ with TP of Rs 130
Ø Skanray Technologies files IPO papers with Sebi.
Ø Eight core sectors’ output rises 16.8 pc in May
Ø India set to clock record rice exports in current year too
Mint
Ø CDC Group sells 3.7% stake in IIFL Finance worth Rs337 crore
Ø SpiceJet plans to raise Rs2,500 cr as airline reports loss for 5th straight qtr
Ø Adani Green's acquisition of entire stake in SB Energy approved by CCI
Ø India allows imports of refined palm oil for six months
Ø Investors' wealth soars ₹25.46 lakh cr so far this fiscal
Ø JSW Steel to pump in over ₹25,000 cr to ramp up capacity to 37 million tonne
Business Line
Ø RBI led non-tax receipts help govt to limit fisc deficit to 8.2% during April-May
Ø Bombay HC upholds TRAI tariff order’s Constitutional validity
Ø Jet Airways public shareholders to get 1 share for every 100
Ø Cabinet approves additional ₹19,041 crore for BharatNet PPP
Ø Steel prices cooling off by ₹3,000/t
Ø NBFC-MFIs: Sector sees nearly 25% decline in FY21
🇮🇳Business News Headlines
Economic Times
Ø Wistron, Foxconn, Dell among 14 to get nod under PLI Scheme for IT Hardware
Ø India's Medical infra well prepared to deal with Third COVID wave: FM Nirmala Sitharaman
Ø Countries back Global Minimum Corporate tax of 15%
Ø RBI extends interest subsidy scheme for exporters till September
Ø Banks' Gross NPAs may rise to 9.8% by March 2022: RBI report
Ø NMDC Q1 Output jumps 34%; sales rise 49%
Ø Crude oil jumps 2% on OPEC+ output, demand prospects
Ø Rishi Sunak lays out plans for UK's 'world-first' Green Savings Bonds
Ø UPI Transactions surge to Rs 5.47 Lakh Crore in June
Ø The Sleep Company raises Rs 13.4 Crore in pre-Series A funding round
Ø ION Energy gets $3.6 million in pre-Series A funding round
Business Standard
Ø Anil Agarwal-led Vedanta Limited plans $5-Billion Capex for 3 Years
Ø Manufacturing PMI contracts 48.1 in June, despite states easing curbs
Ø Voda Idea seeks 1-year Moratorium on Rs 8,200 Cr spectrum instalment
Ø Auto firms post Record production in June, make up for halt in May
Ø Ratan Tata-backed Mswipe Tech looks to morph into digital SME bank
Ø New projects drop 13% sequentially in June quarter due to Covid: CMIE data
Ø Flipkart launches Shopsy to enable over 25 mn online entrepreneurs by 2023
Ø July rain likely to be normal across the country, forecasts IMD
Ø GR Infra IPO price band fixed at Rs 828-837 per share; IPO opens July 7
Ø We will make this decade India's 'techade', says PM Narendra Modi
Ø Enhanced GST mop-up of recent months should now be 'new normal': FM
Financial Express
Ø Telecom industry under stress, tariffs need to go up, says Bharti Group chairman Sunil Mittal
Ø NTPC, ONGC plan mega offshore wind project investments
Ø India to add 26 GW hydro projects by 2030: IEA
Ø CIL’s Q1 coal offtake grows 33% despite vacillating demand from the power sector
Ø L&T Construction bags ‘significant’ orders for various businesses
Ø Power consumption grows nearly 10 pc to 115.39 BU in June
Ø Unemployment rate falls to 9.17% in June
Ø Toll collection via FASTags on national highways increased 21% m-o-m in June
Mint
Ø Retailers shake off covid blues; line up ₹6,000-cr IPOs
Ø OneWeb launches satellites to roll out northern internet service
Ø General Motors reports 40% jump in second-quarter US Auto sales
Ø Finance Ministry, Microsoft join hands to build AI, emerging tech centre
Ø US jobless claims fall to 364,000 lowest since March 2020
Ø UK plans to introduce covid-19 booster shots in September
Ø Office space absorption falls 16% in Jun quarter due to second wave
Ø Global infrastructure-as-a-service market grew 40.7% in 2020: Gartner
Economic Times
Ø Wistron, Foxconn, Dell among 14 to get nod under PLI Scheme for IT Hardware
Ø India's Medical infra well prepared to deal with Third COVID wave: FM Nirmala Sitharaman
Ø Countries back Global Minimum Corporate tax of 15%
Ø RBI extends interest subsidy scheme for exporters till September
Ø Banks' Gross NPAs may rise to 9.8% by March 2022: RBI report
Ø NMDC Q1 Output jumps 34%; sales rise 49%
Ø Crude oil jumps 2% on OPEC+ output, demand prospects
Ø Rishi Sunak lays out plans for UK's 'world-first' Green Savings Bonds
Ø UPI Transactions surge to Rs 5.47 Lakh Crore in June
Ø The Sleep Company raises Rs 13.4 Crore in pre-Series A funding round
Ø ION Energy gets $3.6 million in pre-Series A funding round
Business Standard
Ø Anil Agarwal-led Vedanta Limited plans $5-Billion Capex for 3 Years
Ø Manufacturing PMI contracts 48.1 in June, despite states easing curbs
Ø Voda Idea seeks 1-year Moratorium on Rs 8,200 Cr spectrum instalment
Ø Auto firms post Record production in June, make up for halt in May
Ø Ratan Tata-backed Mswipe Tech looks to morph into digital SME bank
Ø New projects drop 13% sequentially in June quarter due to Covid: CMIE data
Ø Flipkart launches Shopsy to enable over 25 mn online entrepreneurs by 2023
Ø July rain likely to be normal across the country, forecasts IMD
Ø GR Infra IPO price band fixed at Rs 828-837 per share; IPO opens July 7
Ø We will make this decade India's 'techade', says PM Narendra Modi
Ø Enhanced GST mop-up of recent months should now be 'new normal': FM
Financial Express
Ø Telecom industry under stress, tariffs need to go up, says Bharti Group chairman Sunil Mittal
Ø NTPC, ONGC plan mega offshore wind project investments
Ø India to add 26 GW hydro projects by 2030: IEA
Ø CIL’s Q1 coal offtake grows 33% despite vacillating demand from the power sector
Ø L&T Construction bags ‘significant’ orders for various businesses
Ø Power consumption grows nearly 10 pc to 115.39 BU in June
Ø Unemployment rate falls to 9.17% in June
Ø Toll collection via FASTags on national highways increased 21% m-o-m in June
Mint
Ø Retailers shake off covid blues; line up ₹6,000-cr IPOs
Ø OneWeb launches satellites to roll out northern internet service
Ø General Motors reports 40% jump in second-quarter US Auto sales
Ø Finance Ministry, Microsoft join hands to build AI, emerging tech centre
Ø US jobless claims fall to 364,000 lowest since March 2020
Ø UK plans to introduce covid-19 booster shots in September
Ø Office space absorption falls 16% in Jun quarter due to second wave
Ø Global infrastructure-as-a-service market grew 40.7% in 2020: Gartner
Zerodha CEO explains - Why most retail investors lose money in option buying https://www.livemint.com/market/stock-market-news/zerodha-ceo-explains-why-most-retail-investors-lose-money-in-option-buying-11625210532136.html
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Zerodha CEO explains - Why most retail traders lose money in option buying
Nithin Kamath in a blog post shared why most option buyers lose money, the best practices to reduce risk and improve odds of profiting when buying options