🇮🇳Business News Headlines
Economic Times
Ø Union Bank of India to raise up to Rs 1,150 Cr by issuing Basel compliant bonds
Ø Larsen & Toubro Infotech completes acquisition of Cuelogic Technologies
Ø Macrotech Developers Q1 sales bookings surge 88% to Rs 957 Cr
Ø Alembic Pharmaceuticals gets USFDA nod for anti-depressant drug
Ø Cairn Energy secures French court order to seize 20 Indian govt properties
Ø Mahindra to sell Turkish arm for Rs 6 crore
Ø NSE-BSE bulk deals: RM Investment buys stake in Ugro Capital
Ø CDSL becomes first depository to open 4 crore demat accounts
Ø FPIs turn bullish on insurance stocks amid revival in premium collection
Ø Saudi Aramco to sell more assets in multi-billion dollar push
Ø Q1 takeaways: TCS sticks to double-digit growth hope despite muted show
Business Standard
Ø Paytm cut marketing spend more than the competition: Bernstein report
Ø IPO-bound Zomato says it'll launch grocery delivery on its app soon
Ø Larsen & Toubro Infotech completes acquisition of Cuelogic Technologies
Ø Cairn Energy freezes 20 Indian state-owned properties in Paris: Reports
Ø India's power demand surges to all-time high; crosses 200 GW mark
Ø Oil prices fall in volatile trade as investors seek OPEC+ clarity
Ø SPARC raises over Rs 1,110 cr; issues warrants to Dilip Shanghvi, others
Ø Vedanta's funding ops to improve on raising debt cap at subsidiary: S&P
Ø LIC to have CEO, MD as govt does away with Chairman post ahead of IPO
Ø Govt's move to bring DPE under FinMin to aid privatisation process
Financial Express
Ø Equity mutual funds witness net inflows of Rs 5,988 cr in June
Ø Real estate investment tops $1.35 bn in Q2 2021, shows nine-fold increase YoY: JLL
Ø EU upbeat over economic growth, concerned about inflation
Ø Post LVB merger, DBS Bank India reports higher net profit for FY21; NPAs zoom
Ø Zomato to re-enter online grocery delivery business on $100 million investment in Grofers
Ø Some states to roll out labour reforms in 3-5 months
Ø G R Infraprojects IPO subscribed 5.75 times on second day of subscription
Ø Sebi cuts time period for filing application to obtain NOC for release of 1 pc of issue amount
Ø Rs 80,000 crore IPO bonanza: About 40 companies line up public issues
Ø RBI notifies inclusion of retail, wholesale trade under MSME category
Mint
Ø Renewable energy capacity addition to improve to 11GW in FY22: ICRA
Ø Inflows into equity MFs almost halve in June as redemption pressure increases
Ø SpiceJet to launch 42 new domestic, international flights this month
Ø Adani Ports stock’s lower valuations may be a buying opportunity
Ø Future-Reliance deal: SC to hear Amazon plea on July 20
Ø Investment advisors cannot take power of attorney from clients: Sebi
Ø Indian banks to see bad loans peaking post FY23: Fitch
Ø PNB tells arm to reconsider ₹4,000-crore Carlyle deal
Ø Clean Science and Technology's favourable financials reflect in IPO valuations
Ø ‘India will contribute to being an engine of growth for global economy’
Ø Reliance Industries looks to buy Norway’s solar module maker REC
Economic Times
Ø Union Bank of India to raise up to Rs 1,150 Cr by issuing Basel compliant bonds
Ø Larsen & Toubro Infotech completes acquisition of Cuelogic Technologies
Ø Macrotech Developers Q1 sales bookings surge 88% to Rs 957 Cr
Ø Alembic Pharmaceuticals gets USFDA nod for anti-depressant drug
Ø Cairn Energy secures French court order to seize 20 Indian govt properties
Ø Mahindra to sell Turkish arm for Rs 6 crore
Ø NSE-BSE bulk deals: RM Investment buys stake in Ugro Capital
Ø CDSL becomes first depository to open 4 crore demat accounts
Ø FPIs turn bullish on insurance stocks amid revival in premium collection
Ø Saudi Aramco to sell more assets in multi-billion dollar push
Ø Q1 takeaways: TCS sticks to double-digit growth hope despite muted show
Business Standard
Ø Paytm cut marketing spend more than the competition: Bernstein report
Ø IPO-bound Zomato says it'll launch grocery delivery on its app soon
Ø Larsen & Toubro Infotech completes acquisition of Cuelogic Technologies
Ø Cairn Energy freezes 20 Indian state-owned properties in Paris: Reports
Ø India's power demand surges to all-time high; crosses 200 GW mark
Ø Oil prices fall in volatile trade as investors seek OPEC+ clarity
Ø SPARC raises over Rs 1,110 cr; issues warrants to Dilip Shanghvi, others
Ø Vedanta's funding ops to improve on raising debt cap at subsidiary: S&P
Ø LIC to have CEO, MD as govt does away with Chairman post ahead of IPO
Ø Govt's move to bring DPE under FinMin to aid privatisation process
Financial Express
Ø Equity mutual funds witness net inflows of Rs 5,988 cr in June
Ø Real estate investment tops $1.35 bn in Q2 2021, shows nine-fold increase YoY: JLL
Ø EU upbeat over economic growth, concerned about inflation
Ø Post LVB merger, DBS Bank India reports higher net profit for FY21; NPAs zoom
Ø Zomato to re-enter online grocery delivery business on $100 million investment in Grofers
Ø Some states to roll out labour reforms in 3-5 months
Ø G R Infraprojects IPO subscribed 5.75 times on second day of subscription
Ø Sebi cuts time period for filing application to obtain NOC for release of 1 pc of issue amount
Ø Rs 80,000 crore IPO bonanza: About 40 companies line up public issues
Ø RBI notifies inclusion of retail, wholesale trade under MSME category
Mint
Ø Renewable energy capacity addition to improve to 11GW in FY22: ICRA
Ø Inflows into equity MFs almost halve in June as redemption pressure increases
Ø SpiceJet to launch 42 new domestic, international flights this month
Ø Adani Ports stock’s lower valuations may be a buying opportunity
Ø Future-Reliance deal: SC to hear Amazon plea on July 20
Ø Investment advisors cannot take power of attorney from clients: Sebi
Ø Indian banks to see bad loans peaking post FY23: Fitch
Ø PNB tells arm to reconsider ₹4,000-crore Carlyle deal
Ø Clean Science and Technology's favourable financials reflect in IPO valuations
Ø ‘India will contribute to being an engine of growth for global economy’
Ø Reliance Industries looks to buy Norway’s solar module maker REC
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Source: Magzter Gold 🏆
If you think this market share is easily replaceable by some other fmcg company then your decision of Not investing in ITC is correct.
If you Read. Read and Read, No other news or influencers divert you from your goal. If you don't want to learn then be ready to buy at High and Sell at Low.
Same case when ITC touched 145,everyone start telling it will touch below 80 and once it bounced backed and touched 235 again everyone start telling it will cross 1000.
So, if your investment decisions are in dilemma, and you don't know what company are doing and how they are generating revenue, then you will never make Money.
Read: NISM Books for Stocks Market Knowledge
For Research Read IBEF.ORG
For all Magazines: Magzter is best but you have to pay for it.
Source: Magzter Gold 🏆
If you think this market share is easily replaceable by some other fmcg company then your decision of Not investing in ITC is correct.
If you Read. Read and Read, No other news or influencers divert you from your goal. If you don't want to learn then be ready to buy at High and Sell at Low.
Same case when ITC touched 145,everyone start telling it will touch below 80 and once it bounced backed and touched 235 again everyone start telling it will cross 1000.
So, if your investment decisions are in dilemma, and you don't know what company are doing and how they are generating revenue, then you will never make Money.
Read: NISM Books for Stocks Market Knowledge
For Research Read IBEF.ORG
For all Magazines: Magzter is best but you have to pay for it.
🇮🇳Business News Headlines
Economic Times
Ø Revised wage rate index likely next month; base year to be 2019
Ø FPIs pull out Rs 2,249 Crore from Indian Equities in July so far
Ø EaseMyTrip aims 100% Growth this year
Ø Franklin Templeton MF Unitholders to get Rs 3,303 Crore in fifth tranche
Ø Indian Tea Exports likely to fall nearly 15 per cent in 2021
Ø Govt extends deadline for transaction, legal advisors to bid for managing IDBI Bank sale till July 22
Ø Mahindra Finance expands its global footprint, acquires 58.2% in Ideal Finance
Ø TV maker Super Plastronics aims to be Rs 1,000-Cr company in current fiscal
Ø India's power consumption rises 18 per cent to 30.33 BU during July 1-7
Business Standard
Ø Vedanta among 11 Bidders vying for Videocon's Brazil assets worth $2 Bn
Ø Maruti shifts Dzire production to Gujarat to create space for new launches
Ø Centre seeks Legal opinion to let BPCL sell subsidised LPG after stake sale
Ø Safesea Group gets approval to bid for Shipping Corporation of India
Ø Restructured loans of non-bank financials to double by March: ICRA
Ø Tax changes for large firms may not be ready until 2022: Janet Yellen
Ø India's Coal import rises 20 pc in May; volumes may be subdued in monsoon
Ø India Inc expects swifter recovery from second wave of Covid-19 pandemic
Ø Twitter India releases its transparency report under new IT rules
Ø Hero Electric Vehicles to invest Rs 700 crore in business expansion by 2025
Financial Express
Ø High iron-ore, pellet prices forcing small secondary steel units to close shops
Ø 74 pc people in Trai’s DND list still getting pesky messages: Survey
Ø E-commerce exploitation through e-retailers’ unethical practices forced lakhs of shops to close: CAIT
Ø CIFL may explore inorganic route to grow its technical capability
Ø RTP Global, founders of Cred, ShareChat, Snapdeal, others invest in online truck booking portal for SMEs
Ø Weaving success: New textiles minister Piyush Goyal to review Rs 10,683-crore PLI scheme
Ø Kharif sowing picks up pace, even as rainfall gets delayed
Ø Over 90% jump in direct tax receipts in Q1, annual target may be surpassed
Ø Govt identifies items for customs exemptions review, seeks industry views
Mint
Ø EPFO likely to invest part of its corpus in InvITs
Ø Big insurance companies launch net-zero climate alliance
Ø MG Motor, Fortum India to set up 50kW fast charger for EVs in Pune
Ø STPI signs six MoUs to strengthen startup ecosystem
Ø China's automobiles sales drop amid shortage of car chips
Ø Jaishankar to visit Central Asia this week for SCO, Connectivity meets
Ø GST authorities detect Fake Invoices worth ₹551 Crore
Ø DMRC to deploy Train operators hired via pvt agency on contract on Yellow Line
Economic Times
Ø Revised wage rate index likely next month; base year to be 2019
Ø FPIs pull out Rs 2,249 Crore from Indian Equities in July so far
Ø EaseMyTrip aims 100% Growth this year
Ø Franklin Templeton MF Unitholders to get Rs 3,303 Crore in fifth tranche
Ø Indian Tea Exports likely to fall nearly 15 per cent in 2021
Ø Govt extends deadline for transaction, legal advisors to bid for managing IDBI Bank sale till July 22
Ø Mahindra Finance expands its global footprint, acquires 58.2% in Ideal Finance
Ø TV maker Super Plastronics aims to be Rs 1,000-Cr company in current fiscal
Ø India's power consumption rises 18 per cent to 30.33 BU during July 1-7
Business Standard
Ø Vedanta among 11 Bidders vying for Videocon's Brazil assets worth $2 Bn
Ø Maruti shifts Dzire production to Gujarat to create space for new launches
Ø Centre seeks Legal opinion to let BPCL sell subsidised LPG after stake sale
Ø Safesea Group gets approval to bid for Shipping Corporation of India
Ø Restructured loans of non-bank financials to double by March: ICRA
Ø Tax changes for large firms may not be ready until 2022: Janet Yellen
Ø India's Coal import rises 20 pc in May; volumes may be subdued in monsoon
Ø India Inc expects swifter recovery from second wave of Covid-19 pandemic
Ø Twitter India releases its transparency report under new IT rules
Ø Hero Electric Vehicles to invest Rs 700 crore in business expansion by 2025
Financial Express
Ø High iron-ore, pellet prices forcing small secondary steel units to close shops
Ø 74 pc people in Trai’s DND list still getting pesky messages: Survey
Ø E-commerce exploitation through e-retailers’ unethical practices forced lakhs of shops to close: CAIT
Ø CIFL may explore inorganic route to grow its technical capability
Ø RTP Global, founders of Cred, ShareChat, Snapdeal, others invest in online truck booking portal for SMEs
Ø Weaving success: New textiles minister Piyush Goyal to review Rs 10,683-crore PLI scheme
Ø Kharif sowing picks up pace, even as rainfall gets delayed
Ø Over 90% jump in direct tax receipts in Q1, annual target may be surpassed
Ø Govt identifies items for customs exemptions review, seeks industry views
Mint
Ø EPFO likely to invest part of its corpus in InvITs
Ø Big insurance companies launch net-zero climate alliance
Ø MG Motor, Fortum India to set up 50kW fast charger for EVs in Pune
Ø STPI signs six MoUs to strengthen startup ecosystem
Ø China's automobiles sales drop amid shortage of car chips
Ø Jaishankar to visit Central Asia this week for SCO, Connectivity meets
Ø GST authorities detect Fake Invoices worth ₹551 Crore
Ø DMRC to deploy Train operators hired via pvt agency on contract on Yellow Line
🇮🇳Business News Headlines
Economic Times
Ø Power Ministry wants Finmin to advise banks on Discom Reforms
Ø Disinvestment process: Shipping Corp opens Virtual data room for Potential bidders
Ø CCEA clears LIC disinvestment; panel headed by FM to decide Quantum of Stake sale
Ø Paytm shareholders approve primary raise of Rs 12,000 Crore via IPO
Ø Recast loans at Non-bank Lenders may double by this fiscal-end: Report
Ø June inflation slows to 6.26 per cent; May IIP at 29.3 per cent
Ø Karnataka plans to create technology clusters in tier II cities
Ø NMDC cuts Iron ore prices by ₹200/Tonne as Steel prices fall
Ø Canada Pension Plan Investment Board invests $800 Million in Flipkart Group
Ø Social commerce startup Trell raises $45 Million from Mirae, H&M others
Ø Krafton may invest more to build digital ecosystem in India
Business Standard
Ø Digital Payments start-up MobiKwik files for Rs 1,900-crore offering
Ø CCI clears SoftBank's $450 Mn investment in food delivery firm Swiggy
Ø Airtel clocks over 1,000 Mbps speed during 5G trial with Nokia in Mumbai
Ø UK-based Tide raises $100 Mn funding from Apax Digital Fund, others
Ø IFSCA issues norms for setting up, operating ITFS to provide trade finance
Ø Govt set to introduce 17 New Bills in Monsoon Session of Parliament
Ø Global tax deal gets boost as European Union delays push for digital levy
Ø Education platform MPOWER Financing raises $100 Mn to support study abroad
Financial Express
Ø NARCL incorporated with authorised capital of Rs 100 Crore
Ø Lenders look to sell JBF Petrochem’s forex debt
Ø Jio adds 4.7 Million mobile users in April; Voda Idea loses 1.8 Million Subscribers
Ø Exim Bank lends $35.26 Mn for Senegal power project being executed by Kalpataru
Ø States revive capex aided by tax revenue rise
Ø Housing under PMAY trailing targets: Icra
Ø Billionaire Gautam Adani sees Indian economy growing to $15 Trillion in two decades
Ø Japan, US object to India’s frequent bans on onion exports
Mint
Ø BrahMos missile fails during testfiring, falls shortly after takeoff
Ø IMD issues red alert for Goa, Maharashtra; orange alert for Rajasthan, J&K
Ø RBI issues scheme to market govt securities to retail investors
Ø Oil slips following 2-day gain with demand outlook in Focus
Ø Virgin Galactic says may sell shares worth up to $500 Million
Ø Anmi urges Sebi to reduce peak margin to maximum 50% from 75%
Ø 3rd wave imminent: IMA says travel can wait, asks govt to control mass gathering
Ø E&M sector to touch ₹4.12 Tn by 2025: PwC
Ø Edtech Platform Oliveboard raises ₹23 Cr led by IAN Fund
Ø Hybrid Funds get investors' attention; see ₹27,220 Cr inflow in June Quarter
Economic Times
Ø Power Ministry wants Finmin to advise banks on Discom Reforms
Ø Disinvestment process: Shipping Corp opens Virtual data room for Potential bidders
Ø CCEA clears LIC disinvestment; panel headed by FM to decide Quantum of Stake sale
Ø Paytm shareholders approve primary raise of Rs 12,000 Crore via IPO
Ø Recast loans at Non-bank Lenders may double by this fiscal-end: Report
Ø June inflation slows to 6.26 per cent; May IIP at 29.3 per cent
Ø Karnataka plans to create technology clusters in tier II cities
Ø NMDC cuts Iron ore prices by ₹200/Tonne as Steel prices fall
Ø Canada Pension Plan Investment Board invests $800 Million in Flipkart Group
Ø Social commerce startup Trell raises $45 Million from Mirae, H&M others
Ø Krafton may invest more to build digital ecosystem in India
Business Standard
Ø Digital Payments start-up MobiKwik files for Rs 1,900-crore offering
Ø CCI clears SoftBank's $450 Mn investment in food delivery firm Swiggy
Ø Airtel clocks over 1,000 Mbps speed during 5G trial with Nokia in Mumbai
Ø UK-based Tide raises $100 Mn funding from Apax Digital Fund, others
Ø IFSCA issues norms for setting up, operating ITFS to provide trade finance
Ø Govt set to introduce 17 New Bills in Monsoon Session of Parliament
Ø Global tax deal gets boost as European Union delays push for digital levy
Ø Education platform MPOWER Financing raises $100 Mn to support study abroad
Financial Express
Ø NARCL incorporated with authorised capital of Rs 100 Crore
Ø Lenders look to sell JBF Petrochem’s forex debt
Ø Jio adds 4.7 Million mobile users in April; Voda Idea loses 1.8 Million Subscribers
Ø Exim Bank lends $35.26 Mn for Senegal power project being executed by Kalpataru
Ø States revive capex aided by tax revenue rise
Ø Housing under PMAY trailing targets: Icra
Ø Billionaire Gautam Adani sees Indian economy growing to $15 Trillion in two decades
Ø Japan, US object to India’s frequent bans on onion exports
Mint
Ø BrahMos missile fails during testfiring, falls shortly after takeoff
Ø IMD issues red alert for Goa, Maharashtra; orange alert for Rajasthan, J&K
Ø RBI issues scheme to market govt securities to retail investors
Ø Oil slips following 2-day gain with demand outlook in Focus
Ø Virgin Galactic says may sell shares worth up to $500 Million
Ø Anmi urges Sebi to reduce peak margin to maximum 50% from 75%
Ø 3rd wave imminent: IMA says travel can wait, asks govt to control mass gathering
Ø E&M sector to touch ₹4.12 Tn by 2025: PwC
Ø Edtech Platform Oliveboard raises ₹23 Cr led by IAN Fund
Ø Hybrid Funds get investors' attention; see ₹27,220 Cr inflow in June Quarter
🇮🇳Business News Headlines
Economic Times
Ø Adani takes over Mumbai International Airport, becomes India's largest airport operator
Ø Centre caps trade margin on oximeters, nebulisers
Ø Vodafone Idea says fund raising talks continue as telco eyes Rs 25,000 crore target
Ø Bank of Maharashtra fixes floor price at Rs 24.89 per share for Rs 2,000 cr QIP
Ø Adani Electricity set to raise $300 million via sustainable offshore bonds
Ø Tata Metaliks Q1 results: Co posts profit at Rs 94 Crore
Ø Mindtree Q1 results: Net profit rises 8% QoQ to Rs 343 cr, beats estimates; firm sees record deal wins
Ø Zomato raises Rs 4,197 Crore from 186 anchor investors
Ø China-India trade on rise despite chill in bilateral ties, crosses USD 57 billion in H1
Ø S&P retains India's sovereign rating at 'BBB-' with stable outlook
Ø MPOWER Financing raises $100 million funding from Tilden Park Capital Management, others
Ø Thailand’s GPSC buys 42% in Avaada Energy for Rs 33.88 Billion
Ø CIL engages Accenture for mine digitisation; targets 100 MTs more by FY23
Ø Ennoventure raises $5 million in funding from Fenice Investment Group
Ø Student loans firm Mpower Financing raises $152.5 Million
Business Standard
Ø Serum Institute partners with RDIF to make 300 mn doses of Sputnik V
Ø NCLAT stays liquidation of Three C Homes; asks NCLT to consider options
Ø Cement demand recovers in June; capex calls disregard second wave: Ind-Ra
Ø Reliance considers bid for Centre's solar incentives in green push
Ø ASK announces new real estate-focused fund, targets corpus of Rs 1,000 cr
Ø NTPC set to construct India's largest solar power park in Kutch
Ø Maharashtra announces sops up to Rs 20 lakh for electric vehicles
Ø Housing sales in NCR up 24% in Jan-Jun; demand to grow in 2021: PropTiger
Ø Govt may extend scheme for investment promotion to attract investors
Ø Credit card buys seen 8% lower in Apr-June quarter, say analysts
Ø DBS Bank India eyes self-sufficiency in capital within next 3-5 yrs
Financial Express
Ø Airtel remains market leader in active subscriber base
Ø Temasek, IFC buy out Upgrad Espos worth Rs 220 crore
Ø Quarterly results: PepsiCo reports double-digit Q2 growth in India
Ø BASF Venture Capital invests in hydroponic cultivation startup UrbanKisaan
Ø Startup firm Aquaconnect raises $4 million funding
Ø Patanjali Group clocks Rs 30k Cr turnover in FY’21; aims to be debt free in 3-4 years
Ø Boeing cuts production on the 787 to address flaw
Ø SJVN to build 679-MW hydro plant in Nepal
Ø Bond yields stay firm on lower June inflation print
Ø States lift 15.3 lakh ton foodgrains so far for free distribution during July-Nov
Ø Power demand in India expected to grow 6 pc in FY22: ICRA
Mint
Ø Miner NMDC to list demerged steel business in the bourses
Ø AdmitKard raises ₹10 Cr from group of investors
Ø Southwest Monsoon covers entire India after 5-day delay; Delhi gets first rains
Ø Google Fined $593 Million In France over treatment of news publishers
Ø US consumer prices jump most since 2008, topping all estimates
Ø Finance Ministry puts PSU banks clerical cadre exams on hold
Ø WHO warns against mixing, matching Covid vaccines; calls it a 'dangerous trend'
Ø Goldman Sachs Q2 Profits beat forecasts; boosts dividend
Ø Amazon Warehouse aims to go public as single-property business
Economic Times
Ø Adani takes over Mumbai International Airport, becomes India's largest airport operator
Ø Centre caps trade margin on oximeters, nebulisers
Ø Vodafone Idea says fund raising talks continue as telco eyes Rs 25,000 crore target
Ø Bank of Maharashtra fixes floor price at Rs 24.89 per share for Rs 2,000 cr QIP
Ø Adani Electricity set to raise $300 million via sustainable offshore bonds
Ø Tata Metaliks Q1 results: Co posts profit at Rs 94 Crore
Ø Mindtree Q1 results: Net profit rises 8% QoQ to Rs 343 cr, beats estimates; firm sees record deal wins
Ø Zomato raises Rs 4,197 Crore from 186 anchor investors
Ø China-India trade on rise despite chill in bilateral ties, crosses USD 57 billion in H1
Ø S&P retains India's sovereign rating at 'BBB-' with stable outlook
Ø MPOWER Financing raises $100 million funding from Tilden Park Capital Management, others
Ø Thailand’s GPSC buys 42% in Avaada Energy for Rs 33.88 Billion
Ø CIL engages Accenture for mine digitisation; targets 100 MTs more by FY23
Ø Ennoventure raises $5 million in funding from Fenice Investment Group
Ø Student loans firm Mpower Financing raises $152.5 Million
Business Standard
Ø Serum Institute partners with RDIF to make 300 mn doses of Sputnik V
Ø NCLAT stays liquidation of Three C Homes; asks NCLT to consider options
Ø Cement demand recovers in June; capex calls disregard second wave: Ind-Ra
Ø Reliance considers bid for Centre's solar incentives in green push
Ø ASK announces new real estate-focused fund, targets corpus of Rs 1,000 cr
Ø NTPC set to construct India's largest solar power park in Kutch
Ø Maharashtra announces sops up to Rs 20 lakh for electric vehicles
Ø Housing sales in NCR up 24% in Jan-Jun; demand to grow in 2021: PropTiger
Ø Govt may extend scheme for investment promotion to attract investors
Ø Credit card buys seen 8% lower in Apr-June quarter, say analysts
Ø DBS Bank India eyes self-sufficiency in capital within next 3-5 yrs
Financial Express
Ø Airtel remains market leader in active subscriber base
Ø Temasek, IFC buy out Upgrad Espos worth Rs 220 crore
Ø Quarterly results: PepsiCo reports double-digit Q2 growth in India
Ø BASF Venture Capital invests in hydroponic cultivation startup UrbanKisaan
Ø Startup firm Aquaconnect raises $4 million funding
Ø Patanjali Group clocks Rs 30k Cr turnover in FY’21; aims to be debt free in 3-4 years
Ø Boeing cuts production on the 787 to address flaw
Ø SJVN to build 679-MW hydro plant in Nepal
Ø Bond yields stay firm on lower June inflation print
Ø States lift 15.3 lakh ton foodgrains so far for free distribution during July-Nov
Ø Power demand in India expected to grow 6 pc in FY22: ICRA
Mint
Ø Miner NMDC to list demerged steel business in the bourses
Ø AdmitKard raises ₹10 Cr from group of investors
Ø Southwest Monsoon covers entire India after 5-day delay; Delhi gets first rains
Ø Google Fined $593 Million In France over treatment of news publishers
Ø US consumer prices jump most since 2008, topping all estimates
Ø Finance Ministry puts PSU banks clerical cadre exams on hold
Ø WHO warns against mixing, matching Covid vaccines; calls it a 'dangerous trend'
Ø Goldman Sachs Q2 Profits beat forecasts; boosts dividend
Ø Amazon Warehouse aims to go public as single-property business
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