🇮🇳Business News Headlines
Economic Times
Ø Reliance Jio deal can earn Google Cloud $1 Billion in Revenue
Ø Bank Credit grows 5.82%; Deposits by 10.32%
Ø Monsoon session of Parliament from July 19 to Aug 13
Ø Govt imposes stock limits on pulses till Oct to check price rise
Ø Sweden's MTG acquires Indian games developer PlaySimple for $360 Million
Ø IndoStar Capital infuses Rs 250 Cr in home finance arm
Ø HDFC earns Rs 263 Cr Profit on Sale of investments in June quarter
Ø Ant-backed Kakao Pay expects IPO to raise up to $1.4 Bn
Ø Q1 Product Exports record high, aim $1.5 Trn Goods, Services exports in 5 yrs: Piyush Goyal
Ø Edelweiss Financial Services to sell its 70 % stake in Insurance Broking JV for Rs 307.60 Cr
Ø Licious raises $192 Million led by Temasek, Multiples
Ø Online used cars marketplace Cars24 nears $250 Million deal with DST
Business Standard
Ø Centre includes retail and wholesale under MSMEs, to benefit 25 Mn traders
Ø NPPA allows 50% price hike for ibuprofen, ranitidine, carbamazepine
Ø Electric scooter-maker Ather Energy takes on Ola, expanding its Hosur plant
Ø WinZO raises $65 Mn in Series C round, led by Griffin Gaming Partners
Ø Power generator NTPC plans IPO for Rs 2.5 Trn expansion of renewables biz
Ø Govt unveils plans for freight Smart Cities to reduce logistics cost
Ø Reserve Bank of India imposes Rs 25 Lakh penalty on Punjab & Sind Bank
Ø Toll collection in June rises to Rs 2,576 Crore as states ease curbs: NHAI
Ø RBI tweaks norms for interest on unclaimed amount after deposit matures
Ø Canara Bank to raise Rs 3,400 Cr in capital via Additional Tier-I bonds
Ø Sebi defers diktat requiring foreign investors to disclose KYC details
Ø In talks for fund raise; floor price 'best' fix for pricing issues: VIL
Financial Express
Ø With USD 200 million fresh funding, Digit Insurance value soars to USD 3.5 Billion in 1 year
Ø Govt to come out with certain clarifications on FDI in e-commerce sector shortly: Piyush Goyal
Ø India Inc foreign borrowings plunge by 51 % to $738 Million in May
Ø Collection efficiency of NBFCs retail pool down by 10-35 % in May vs March: Icra
Ø Revenue growth of drug firms in current fiscal to be in the range of 7-9 %: Icra
Ø Airtel brings new programme to bundle 2 or more services with perks; focus on lifting ARPU
Ø PHDCCI recommends measures to promote growth of pet food industry
Ø Coal India offtake grows 33% despite unsteady Power Sector demand
Ø Forex reserves rise by USD 5 bn to lifetime high of USD 609 Bn
Ø India starts probe into alleged dumping of electrogalvanized steel from Korea, Japan, Singapore
Mint
Ø Marico domestic biz grows over 30% in Q1, sees double-digit volume growth
Ø AIFs mobilized commitments worth ₹82,228 Cr in covid year
Ø Tata Steel transfers stake in HSMS, TSAML to subsidiary cos
Ø Zomato gets Sebi nod for ₹8,250 Cr share sale
Ø Savings under Sukanya Samriddhi Yojana stood at ₹1.05 Lakh Crore at May end
Ø Kuwait’s life-after-oil fund swells to a record $700 Billion
Ø Ten European countries agree to allow Indians vaccinated with Covishield: Govt
Ø US Job Growth picks up in June; Unemployment rate rises to 5.9%
Ø LIC Housing Finance reduces home loan rates for select borrowers
Ø Piramal Capital & Housing to launch NCD issue offering up to 8.99% Interest
Ø India joins Global consensus framework to tax Multinational firms
Ø Credit Suisse to repay further $750 Million to Greensill-linked fund investors
Economic Times
Ø Reliance Jio deal can earn Google Cloud $1 Billion in Revenue
Ø Bank Credit grows 5.82%; Deposits by 10.32%
Ø Monsoon session of Parliament from July 19 to Aug 13
Ø Govt imposes stock limits on pulses till Oct to check price rise
Ø Sweden's MTG acquires Indian games developer PlaySimple for $360 Million
Ø IndoStar Capital infuses Rs 250 Cr in home finance arm
Ø HDFC earns Rs 263 Cr Profit on Sale of investments in June quarter
Ø Ant-backed Kakao Pay expects IPO to raise up to $1.4 Bn
Ø Q1 Product Exports record high, aim $1.5 Trn Goods, Services exports in 5 yrs: Piyush Goyal
Ø Edelweiss Financial Services to sell its 70 % stake in Insurance Broking JV for Rs 307.60 Cr
Ø Licious raises $192 Million led by Temasek, Multiples
Ø Online used cars marketplace Cars24 nears $250 Million deal with DST
Business Standard
Ø Centre includes retail and wholesale under MSMEs, to benefit 25 Mn traders
Ø NPPA allows 50% price hike for ibuprofen, ranitidine, carbamazepine
Ø Electric scooter-maker Ather Energy takes on Ola, expanding its Hosur plant
Ø WinZO raises $65 Mn in Series C round, led by Griffin Gaming Partners
Ø Power generator NTPC plans IPO for Rs 2.5 Trn expansion of renewables biz
Ø Govt unveils plans for freight Smart Cities to reduce logistics cost
Ø Reserve Bank of India imposes Rs 25 Lakh penalty on Punjab & Sind Bank
Ø Toll collection in June rises to Rs 2,576 Crore as states ease curbs: NHAI
Ø RBI tweaks norms for interest on unclaimed amount after deposit matures
Ø Canara Bank to raise Rs 3,400 Cr in capital via Additional Tier-I bonds
Ø Sebi defers diktat requiring foreign investors to disclose KYC details
Ø In talks for fund raise; floor price 'best' fix for pricing issues: VIL
Financial Express
Ø With USD 200 million fresh funding, Digit Insurance value soars to USD 3.5 Billion in 1 year
Ø Govt to come out with certain clarifications on FDI in e-commerce sector shortly: Piyush Goyal
Ø India Inc foreign borrowings plunge by 51 % to $738 Million in May
Ø Collection efficiency of NBFCs retail pool down by 10-35 % in May vs March: Icra
Ø Revenue growth of drug firms in current fiscal to be in the range of 7-9 %: Icra
Ø Airtel brings new programme to bundle 2 or more services with perks; focus on lifting ARPU
Ø PHDCCI recommends measures to promote growth of pet food industry
Ø Coal India offtake grows 33% despite unsteady Power Sector demand
Ø Forex reserves rise by USD 5 bn to lifetime high of USD 609 Bn
Ø India starts probe into alleged dumping of electrogalvanized steel from Korea, Japan, Singapore
Mint
Ø Marico domestic biz grows over 30% in Q1, sees double-digit volume growth
Ø AIFs mobilized commitments worth ₹82,228 Cr in covid year
Ø Tata Steel transfers stake in HSMS, TSAML to subsidiary cos
Ø Zomato gets Sebi nod for ₹8,250 Cr share sale
Ø Savings under Sukanya Samriddhi Yojana stood at ₹1.05 Lakh Crore at May end
Ø Kuwait’s life-after-oil fund swells to a record $700 Billion
Ø Ten European countries agree to allow Indians vaccinated with Covishield: Govt
Ø US Job Growth picks up in June; Unemployment rate rises to 5.9%
Ø LIC Housing Finance reduces home loan rates for select borrowers
Ø Piramal Capital & Housing to launch NCD issue offering up to 8.99% Interest
Ø India joins Global consensus framework to tax Multinational firms
Ø Credit Suisse to repay further $750 Million to Greensill-linked fund investors
Why NOT life stocks in your Portfolio.
In Last 20 Years PSU Banks loose it's customer base from Private Sector Banks and some of the Private Banks are "Wealth Makers" for its Investors.
I am not seeing any new company who enter in this segment will capture the significant market share of some "BIG Insurance Companies" Because it is purely a trust base business where one is seeking help from someone, when they are not around. So, what the valuation is if you have patience and Long Term Vision then start accumulating all BIG Four Listed Insurance Companies in your Portfolio.
In Last 20 Years PSU Banks loose it's customer base from Private Sector Banks and some of the Private Banks are "Wealth Makers" for its Investors.
I am not seeing any new company who enter in this segment will capture the significant market share of some "BIG Insurance Companies" Because it is purely a trust base business where one is seeking help from someone, when they are not around. So, what the valuation is if you have patience and Long Term Vision then start accumulating all BIG Four Listed Insurance Companies in your Portfolio.
₹ Long Term Investment Summary for Wealth Creation: Keep Everything Simple ~ LM Research
₹ My Return Expectations: 12-15% in Long Run
₹ Those who have 3-5-7-10 years of Horizon and Really want to create wealth in Long run will react on my advice others just ignore.
₹ Note: As I also don't know in short run where market moves, I am taking Market downfall as an "Opportunity"
₹ "My Qualifications" :
1. B. Tech (2014)
2. MBA in Finance (SMU-DEB, 2020)
3. NISM Certifications: I, IV, VA, VB, VC, VI, VII, VIII, XA, XB, XIII, XV, XVI, XVII, XiX-A, XXi-A
4. MCX and NCDEX Research Analyst Certification from NSE
5. IRDAI Insurance Advisor: IC-38
6. Insurance Institute of India(iii): Licentiate Ship
7. Pursuing CS from ICSI and CCRA from AIWMI
₹ "My Experience" :
1. 8+ Years of Experience in Financial Planning, Advising and Consulting with More than 500+ Investors
₹ "My Registration" :
1. AMFI Reg. Mutual Fund Distributor:
ARN-133671
2. PFRDA Reg. Retirement Advisor:
RAN00000630I
3. Very soon going to be SEBI Reg.
"Research Analyst" & "Investment Advisor"
₹₹ " For Mutual Funds Investors " :
1. Parag Parikh Flexi Cap Fund (40%) Category: Flexi Cap
2. Canara Robeco Emerging Equities Fund (30%) Category: Large & Mid Cap
3. SBI Small Cap Fund (30%) Category: Small Cap
₹₹ " For Index Funds/ETFs Investors " :
1. Junior Bees (30%) (Nifty 51 to 100 Stocks)
2. Bank Bees (15%) (Nifty Bank)
3. NETF IT (10%) (Nifty IT)
4. MOM100 (15%) (Nifty Mid Cap 100)
5. Nippon Pharma (20%) (Nifty Pharma)
6. MON100 (10%) (US Investment-Nasdaq 100 Stocks)
₹₹ " For Retirement Planning " :
1. NPS (Compulsory)
2. ATAL Pension Yojana (APY) (For 5K/Month Pension)
₹ "For Ultra Conservative Investors, Moderate Conservative & Retired Persons" who want Investment Options will Post "Investment Options" very soon on my group.
₹ Note: Especially Retired persons, My advice is don't put your single penny in stock market directly especially in equities, F&O, Currency and Commodities Market as it is not made for "YOU"
Warm Wishes
~ Learning Mirror (Krishna Murti)
₹ My Return Expectations: 12-15% in Long Run
₹ Those who have 3-5-7-10 years of Horizon and Really want to create wealth in Long run will react on my advice others just ignore.
₹ Note: As I also don't know in short run where market moves, I am taking Market downfall as an "Opportunity"
₹ "My Qualifications" :
1. B. Tech (2014)
2. MBA in Finance (SMU-DEB, 2020)
3. NISM Certifications: I, IV, VA, VB, VC, VI, VII, VIII, XA, XB, XIII, XV, XVI, XVII, XiX-A, XXi-A
4. MCX and NCDEX Research Analyst Certification from NSE
5. IRDAI Insurance Advisor: IC-38
6. Insurance Institute of India(iii): Licentiate Ship
7. Pursuing CS from ICSI and CCRA from AIWMI
₹ "My Experience" :
1. 8+ Years of Experience in Financial Planning, Advising and Consulting with More than 500+ Investors
₹ "My Registration" :
1. AMFI Reg. Mutual Fund Distributor:
ARN-133671
2. PFRDA Reg. Retirement Advisor:
RAN00000630I
3. Very soon going to be SEBI Reg.
"Research Analyst" & "Investment Advisor"
₹₹ " For Mutual Funds Investors " :
1. Parag Parikh Flexi Cap Fund (40%) Category: Flexi Cap
2. Canara Robeco Emerging Equities Fund (30%) Category: Large & Mid Cap
3. SBI Small Cap Fund (30%) Category: Small Cap
₹₹ " For Index Funds/ETFs Investors " :
1. Junior Bees (30%) (Nifty 51 to 100 Stocks)
2. Bank Bees (15%) (Nifty Bank)
3. NETF IT (10%) (Nifty IT)
4. MOM100 (15%) (Nifty Mid Cap 100)
5. Nippon Pharma (20%) (Nifty Pharma)
6. MON100 (10%) (US Investment-Nasdaq 100 Stocks)
₹₹ " For Retirement Planning " :
1. NPS (Compulsory)
2. ATAL Pension Yojana (APY) (For 5K/Month Pension)
₹ "For Ultra Conservative Investors, Moderate Conservative & Retired Persons" who want Investment Options will Post "Investment Options" very soon on my group.
₹ Note: Especially Retired persons, My advice is don't put your single penny in stock market directly especially in equities, F&O, Currency and Commodities Market as it is not made for "YOU"
Warm Wishes
~ Learning Mirror (Krishna Murti)
🇮🇳Business News Headlines
Economic Times
Ø Pandemic or not, Mergers & Acquisitions soar 44%
Ø Oil row flares as UAE rejects OPEC+ Output deal
Ø Airtel Payments Bank hopeful of break-even in FY22
Ø GAIL looks at Petrochemicals, Renewables for Growth
Ø CV Sales seen picking up in second half with heavy trucks leading the way
Ø NTPC floats tender for sale of fly ash at desired ports of Middle East, other regions
Ø India's Coal Production drops marginally by 2% to 716 Million tonnes in FY'21
Business Standard
Ø Honda plans to hike Vehicle Prices from August as input costs go up sharply
Ø 81% Consumers back E-commerce rules, want clarity on services-based biz
Ø Tata Steel April-June crude steel output up 55% YoY to 4.62 Million Tonnes
Ø ONGC charts Rs 30,000 cr Capex for FY22 with 50% in Turnkey Projects
Ø LIC Housing Finance vies for Home Loan pie with interest rate cut
Ø Outlook for Exports of Engineering goods looks strong for rest of CY 2021
Ø Govt readies amendments to GIBNA for Insurance PSU Privatisation
Ø Furlenco raises $140 Million to enter new cities, widen portfolio
Ø BPCL's R&D centre bags 80 patents in 20 years; over 50 more pending
Ø Businesses need not deduct TDS on share purchases via exchanges: CBDT
Financial Express
Ø Telecom Watchdog wants govt to reject Vodafone Idea plea for deferring payments
Ø JK Cement expects 10 pc Revenue growth this fiscal, aims to be 25-MT company in 5 years
Ø Amul turnover rises 2 pc to Rs 39,200 Cr in FY21 despite Covid-19: GCMMF’s MD Sodhi
Ø Plastic Exports may jump 20-25 pc in FY22; govt support needed: PLEXCONCIL Chairman
Ø Diesel crosses Rs 100 in Madhya Pradesh; Sikkim latest state to see Rs 100 a litre petrol
Ø LIC IPO: Govt likely to invite bids from Merchant Bankers this month
Ø Power engineers urge PM Modi to put electricity Bill on hold
Ø Sebi slaps over Rs 32 Crore penalties on IISL, AFSL, 3 Individuals
Mint
Ø Small Business Loans may spell big trouble for banks this fiscal
Ø China regulator orders Didi to be removed from app stores
Ø Cadila Healthcare arm recalls 21,240 Bottles of diabetes drug in US
Ø IMD issues alert for Karnataka, predicts thundershower in Bengaluru
Ø Railways registers record sale in scrap in FY21
Ø FPIs invest ₹13,269 Crore in June this year
Ø MNRE gives 76-day extension to Clean Energy Projects
Economic Times
Ø Pandemic or not, Mergers & Acquisitions soar 44%
Ø Oil row flares as UAE rejects OPEC+ Output deal
Ø Airtel Payments Bank hopeful of break-even in FY22
Ø GAIL looks at Petrochemicals, Renewables for Growth
Ø CV Sales seen picking up in second half with heavy trucks leading the way
Ø NTPC floats tender for sale of fly ash at desired ports of Middle East, other regions
Ø India's Coal Production drops marginally by 2% to 716 Million tonnes in FY'21
Business Standard
Ø Honda plans to hike Vehicle Prices from August as input costs go up sharply
Ø 81% Consumers back E-commerce rules, want clarity on services-based biz
Ø Tata Steel April-June crude steel output up 55% YoY to 4.62 Million Tonnes
Ø ONGC charts Rs 30,000 cr Capex for FY22 with 50% in Turnkey Projects
Ø LIC Housing Finance vies for Home Loan pie with interest rate cut
Ø Outlook for Exports of Engineering goods looks strong for rest of CY 2021
Ø Govt readies amendments to GIBNA for Insurance PSU Privatisation
Ø Furlenco raises $140 Million to enter new cities, widen portfolio
Ø BPCL's R&D centre bags 80 patents in 20 years; over 50 more pending
Ø Businesses need not deduct TDS on share purchases via exchanges: CBDT
Financial Express
Ø Telecom Watchdog wants govt to reject Vodafone Idea plea for deferring payments
Ø JK Cement expects 10 pc Revenue growth this fiscal, aims to be 25-MT company in 5 years
Ø Amul turnover rises 2 pc to Rs 39,200 Cr in FY21 despite Covid-19: GCMMF’s MD Sodhi
Ø Plastic Exports may jump 20-25 pc in FY22; govt support needed: PLEXCONCIL Chairman
Ø Diesel crosses Rs 100 in Madhya Pradesh; Sikkim latest state to see Rs 100 a litre petrol
Ø LIC IPO: Govt likely to invite bids from Merchant Bankers this month
Ø Power engineers urge PM Modi to put electricity Bill on hold
Ø Sebi slaps over Rs 32 Crore penalties on IISL, AFSL, 3 Individuals
Mint
Ø Small Business Loans may spell big trouble for banks this fiscal
Ø China regulator orders Didi to be removed from app stores
Ø Cadila Healthcare arm recalls 21,240 Bottles of diabetes drug in US
Ø IMD issues alert for Karnataka, predicts thundershower in Bengaluru
Ø Railways registers record sale in scrap in FY21
Ø FPIs invest ₹13,269 Crore in June this year
Ø MNRE gives 76-day extension to Clean Energy Projects
Learning Mirror Official pinned «🇮🇳Business News Headlines Economic Times Ø Pandemic or not, Mergers & Acquisitions soar 44% Ø Oil row flares as UAE rejects OPEC+ Output deal Ø Airtel Payments Bank hopeful of break-even in FY22 Ø GAIL looks at Petrochemicals, Renewables for Growth Ø CV…»
Learning Mirror Official pinned «₹ Long Term Investment Summary for Wealth Creation: Keep Everything Simple ~ LM Research ₹ My Return Expectations: 12-15% in Long Run ₹ Those who have 3-5-7-10 years of Horizon and Really want to create wealth in Long run will react on my advice others just…»
🇮🇳Business News Headlines
Economic Times
Ø Reliance in talks to buy stake in home fashion brand Portico
Ø Govt to sell up to 7.49% equity in NMDC Ltd through OFS
Ø Govt increases flight limit to 65% of Pre-Covid from 50%
Ø Religare Enterprises to raise Rs 570 cr via preferential shares
Ø Investment banking fees dip 10% to $438m in H1 despite jump in M&As, IPOs
Ø Sebi reduces time for filing application to obtain NOC for release of 1% of issue amount
Ø First purchase of G-secs worth Rs 20,000 cr under G-SAP 2.0 on July 8: RBI
Ø Sydney Airport gets $17 Billion takeover bid
Ø HDFC Bank reports 14 per cent loan growth YoY in Q1
Ø India’s natural gas consumption to rise 4.5% in 2021: IEA
Ø Hyundai to invest $100 Million in Battery startup SolidEnergy Systems
Ø SkyLark Drones raises $3 million from InfoEdge Ventures, others
Business Standard
Ø Sebi announces new rules to make bourses pay for technical glitches
Ø KKR drives into transportation, acquires GIP's highway portfolio
Ø Nandan Nilekani to join Govt Panel on curbing digital monopolies
Ø Kotak Pre-IPO AIF raises Rs 1,386 cr, to invest in tech-focused businesses
Ø Steel companies reduce prices by Rs 1,200-2,000 a tonne across products
Ø Ascendas Trust to invest Rs 1,200 cr in first phase of India data centre
Ø Govt procures record 43.32 million tonnes wheat, paddy in 2021-22
Ø India's June services PMI at 41.2, the fastest drop in 11 months
Ø DCC clears satellite connectivity for telecom networks: DoT Secretary
Ø Household debt jumps to 37.3% of GDP in fiscal 2021, says report
Ø India Pesticides shares jump 16% to close at Rs 343.2 on listing day
Ø Mutual fund AUM grows 3.3% sequentially in June qtr, smaller AMCs see churn
Ø OPEC oil alliance in standoff between Saudi Arabia and UAE
Ø Reliance Nippon Life declares Rs 306.8 Cr Bonus to policyholders
Ø Tata Steel June quarter Crude Steel Output jumps over 43%; sales up 35%
Financial Express
Ø IIFL Home Finance aims to raise Rs 7,000 Crore in FY22
Ø CubicPV plans $1.1 Billion investment in solar wafer, cells manufacturing under PLI scheme
Ø Federal Bank’s gross advances grow 8% in Q1
Ø Govt extends deadline for public comments on draft e-commerce rules till July 21
Ø Unemployment rate falls to 7.3% as India unlocks
Ø Govt procures record 433.24 Lakh Tonne wheat in 2021-22
Ø Exporters’ refund: RoDTEP outlay may be raised by Rs 4,000 Crore
Ø Sales volume jumps 48 pc to 7,093 MU in June at IEX
Mint
Ø PhonePe partners Flipkart to digitise cash-on-delivery payments
Ø FM Sitharaman shares India's response to Covid-19 with G-20 panel
Ø Govt leaves General Provident Fund interest rate unchanged at 7.1% for Jul-Sept
Ø NTPC floats tender for deploying hydrogen fuel cell buses in Delhi, Leh
Ø Arcatron Mobility raises undisclosed sum from Klub
Ø IndusInd Bank sees 7% growth in net advances to over ₹2.11 Lakh Cr in June
Ø Myntra sees 1.2 Million customers buy 4 mn products on Day 1 of EORS
Ø Domestic Road Logistics sector to grow 6-9% in FY22: Icra
Ø Sonalika Tractors sales jump 30%, Highest ever in Q1
Ø Fincare Small Finance Bank extends instant Overdraft facility against FDs
Economic Times
Ø Reliance in talks to buy stake in home fashion brand Portico
Ø Govt to sell up to 7.49% equity in NMDC Ltd through OFS
Ø Govt increases flight limit to 65% of Pre-Covid from 50%
Ø Religare Enterprises to raise Rs 570 cr via preferential shares
Ø Investment banking fees dip 10% to $438m in H1 despite jump in M&As, IPOs
Ø Sebi reduces time for filing application to obtain NOC for release of 1% of issue amount
Ø First purchase of G-secs worth Rs 20,000 cr under G-SAP 2.0 on July 8: RBI
Ø Sydney Airport gets $17 Billion takeover bid
Ø HDFC Bank reports 14 per cent loan growth YoY in Q1
Ø India’s natural gas consumption to rise 4.5% in 2021: IEA
Ø Hyundai to invest $100 Million in Battery startup SolidEnergy Systems
Ø SkyLark Drones raises $3 million from InfoEdge Ventures, others
Business Standard
Ø Sebi announces new rules to make bourses pay for technical glitches
Ø KKR drives into transportation, acquires GIP's highway portfolio
Ø Nandan Nilekani to join Govt Panel on curbing digital monopolies
Ø Kotak Pre-IPO AIF raises Rs 1,386 cr, to invest in tech-focused businesses
Ø Steel companies reduce prices by Rs 1,200-2,000 a tonne across products
Ø Ascendas Trust to invest Rs 1,200 cr in first phase of India data centre
Ø Govt procures record 43.32 million tonnes wheat, paddy in 2021-22
Ø India's June services PMI at 41.2, the fastest drop in 11 months
Ø DCC clears satellite connectivity for telecom networks: DoT Secretary
Ø Household debt jumps to 37.3% of GDP in fiscal 2021, says report
Ø India Pesticides shares jump 16% to close at Rs 343.2 on listing day
Ø Mutual fund AUM grows 3.3% sequentially in June qtr, smaller AMCs see churn
Ø OPEC oil alliance in standoff between Saudi Arabia and UAE
Ø Reliance Nippon Life declares Rs 306.8 Cr Bonus to policyholders
Ø Tata Steel June quarter Crude Steel Output jumps over 43%; sales up 35%
Financial Express
Ø IIFL Home Finance aims to raise Rs 7,000 Crore in FY22
Ø CubicPV plans $1.1 Billion investment in solar wafer, cells manufacturing under PLI scheme
Ø Federal Bank’s gross advances grow 8% in Q1
Ø Govt extends deadline for public comments on draft e-commerce rules till July 21
Ø Unemployment rate falls to 7.3% as India unlocks
Ø Govt procures record 433.24 Lakh Tonne wheat in 2021-22
Ø Exporters’ refund: RoDTEP outlay may be raised by Rs 4,000 Crore
Ø Sales volume jumps 48 pc to 7,093 MU in June at IEX
Mint
Ø PhonePe partners Flipkart to digitise cash-on-delivery payments
Ø FM Sitharaman shares India's response to Covid-19 with G-20 panel
Ø Govt leaves General Provident Fund interest rate unchanged at 7.1% for Jul-Sept
Ø NTPC floats tender for deploying hydrogen fuel cell buses in Delhi, Leh
Ø Arcatron Mobility raises undisclosed sum from Klub
Ø IndusInd Bank sees 7% growth in net advances to over ₹2.11 Lakh Cr in June
Ø Myntra sees 1.2 Million customers buy 4 mn products on Day 1 of EORS
Ø Domestic Road Logistics sector to grow 6-9% in FY22: Icra
Ø Sonalika Tractors sales jump 30%, Highest ever in Q1
Ø Fincare Small Finance Bank extends instant Overdraft facility against FDs
Chip shortage in Tata Motors won't effect company in long run, all fundamentals are same.
If it falls 10% more add more.
These things you have to learn in stock market 📈 where is the opportunity and where is the threat.
If it falls 10% more add more.
These things you have to learn in stock market 📈 where is the opportunity and where is the threat.
🇮🇳Business News Headlines
Economic Times
Ø RBI warns of Stress Build-up in Consumer Credit
Ø Petrol, Diesel Prices likely to rise further as crude oil hits $77 a Barrel
Ø Power demand soars to all-time high of 197.06 GW on Tuesday
Ø Kotak Mahindra Bank subsidiary to acquire 10% stake in KIPL
Ø SBI to auction two NPA accounts to recover dues of over Rs 313 cr
Ø Paytm may raise Rs 16,600 Cr in IPO; valuation expected to be over Rs 1.78 Lakh Cr
Ø GST collections drop to Rs 92,849 Crore in June, break 8-Month streak of crossing Rs 1 Lakh Crore
Ø Housing sales down 76 % in Apr-Jun in 8 cities over previous quarter: PropTiger
Ø JLR reports 68% increase in retail sales in June quarter at 1,24,537 Units
Ø Alcobev startup RockClimber raises $1 Million in pre-Series A funding
Ø Pine Labs gets funding at $3.5-Billion Valuation ahead of US IPO
Business Standard
Ø Nasper-backed PayU in talks to acquire BillDesk for up to $4 Billion
Ø Centre moves SC seeking transfer of pleas challenging validity of IT rules
Ø Bajaj Group market cap hits $100 Bn ; fourth family-owned biz to hit mark
Ø Tata Steel outlines Rs 10,000-12,000 Cr annual India capex over next 5 yrs
Ø 150 Year-old Allana Group invests $10 Mn in Iron Pillar Fund II
Ø 74% Companies plan to divest non-core assets in 24 months: EY India survey
Ø Sumitomo Mitsui Financial Group to acquire 74.9% stake in FICC for $ 2 Bn
Ø Domestic air passenger traffic back to growth trajectory in June
Ø ECM fees in H1CY21 jump 25% to hit 10-year high of $126 Mn amid IPO boom
Financial Express
Ø Bajaj Finance sees sharp rise in new loans in June quarter
Ø Razorpay, Mastercard launch solution for recurring payments; aims to integrate with over 50 banks
Ø Winning bidder proposes benefits for Jet Airways staff with rider; need at least 95% approval
Ø Some states to roll out labour reforms in 3-5 months
Ø RBI launches latest round of quarterly survey on manufacturing sector
Ø India’s hiring rate recovered moderately from 10 pc in Apr to 35 pc in May 2021: LinkedIn data
Ø Area under Soybean cultivation likely to increase 5-7% across India
Ø Paisabazaar sees month-on-month increase in personal loan disbursal
Mint
Ø Pentagon scraps $10 billion cloud contract award to Microsoft
Ø Ransomware hackers demand $70 million to unlock computers in widespread attack
Ø Wipro commits ₹1k Crore more for COVID-19
Ø NMDC OFS over-subscribed 2.13 times on Day 1
Ø Tata Power ties up with California-based AutoGrid for AI based energy management
Ø Sovereign rating actions ease in 2021 after a hectic 2020: Fitch
Ø MCA broadens list of filings eligible for fee waiver
Economic Times
Ø RBI warns of Stress Build-up in Consumer Credit
Ø Petrol, Diesel Prices likely to rise further as crude oil hits $77 a Barrel
Ø Power demand soars to all-time high of 197.06 GW on Tuesday
Ø Kotak Mahindra Bank subsidiary to acquire 10% stake in KIPL
Ø SBI to auction two NPA accounts to recover dues of over Rs 313 cr
Ø Paytm may raise Rs 16,600 Cr in IPO; valuation expected to be over Rs 1.78 Lakh Cr
Ø GST collections drop to Rs 92,849 Crore in June, break 8-Month streak of crossing Rs 1 Lakh Crore
Ø Housing sales down 76 % in Apr-Jun in 8 cities over previous quarter: PropTiger
Ø JLR reports 68% increase in retail sales in June quarter at 1,24,537 Units
Ø Alcobev startup RockClimber raises $1 Million in pre-Series A funding
Ø Pine Labs gets funding at $3.5-Billion Valuation ahead of US IPO
Business Standard
Ø Nasper-backed PayU in talks to acquire BillDesk for up to $4 Billion
Ø Centre moves SC seeking transfer of pleas challenging validity of IT rules
Ø Bajaj Group market cap hits $100 Bn ; fourth family-owned biz to hit mark
Ø Tata Steel outlines Rs 10,000-12,000 Cr annual India capex over next 5 yrs
Ø 150 Year-old Allana Group invests $10 Mn in Iron Pillar Fund II
Ø 74% Companies plan to divest non-core assets in 24 months: EY India survey
Ø Sumitomo Mitsui Financial Group to acquire 74.9% stake in FICC for $ 2 Bn
Ø Domestic air passenger traffic back to growth trajectory in June
Ø ECM fees in H1CY21 jump 25% to hit 10-year high of $126 Mn amid IPO boom
Financial Express
Ø Bajaj Finance sees sharp rise in new loans in June quarter
Ø Razorpay, Mastercard launch solution for recurring payments; aims to integrate with over 50 banks
Ø Winning bidder proposes benefits for Jet Airways staff with rider; need at least 95% approval
Ø Some states to roll out labour reforms in 3-5 months
Ø RBI launches latest round of quarterly survey on manufacturing sector
Ø India’s hiring rate recovered moderately from 10 pc in Apr to 35 pc in May 2021: LinkedIn data
Ø Area under Soybean cultivation likely to increase 5-7% across India
Ø Paisabazaar sees month-on-month increase in personal loan disbursal
Mint
Ø Pentagon scraps $10 billion cloud contract award to Microsoft
Ø Ransomware hackers demand $70 million to unlock computers in widespread attack
Ø Wipro commits ₹1k Crore more for COVID-19
Ø NMDC OFS over-subscribed 2.13 times on Day 1
Ø Tata Power ties up with California-based AutoGrid for AI based energy management
Ø Sovereign rating actions ease in 2021 after a hectic 2020: Fitch
Ø MCA broadens list of filings eligible for fee waiver