🇮🇳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

My Mentor... Gn

No. 3 auto seller in India 🇮🇳 and you are selling that stocks because of CHIP Shortage... 😂😂

🇮🇳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

Gn

🇮🇳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

Apply Zomato IPO, retailers are very keep to invest. Fully subscribed in 1 hour

Really True... :)
Insurance Means "Term Insurance"

Gn

🇮🇳Business News Headlines

Economic Times

Ø Adani Group ropes in former Vedanta exec Satish Kumar for copper business
Ø Maruti plans to invest up to Rs 18,000 crore for 10 lakh unit plant
Ø Bank of Maharashtra fixes floor price at Rs 24.89 per share for Rs 2,000 cr QIP
Ø Market capitalisation of BSE-listed firms touches record high; crosses Rs 233 lakh crore
Ø Sustained deal momentum, revised guidance hint at stronger FY22 show by Infosys
Ø Zomato IPO sails through on day 1, retail investors quota subscribed 2.65 times
Ø Market Movers: High margin plan lifts ITC as Zomato hype drives Info Edge
Ø ITC’s CMD Sanjiv Puri sees 47% jump in pay in pandemic year
Ø IPO financing market flush as NBFCs raise record Rs 1.2 lakh crore
Ø Mindtree's margin story remains intact: CEO
Ø Oil prices drop after Saudi-UAE reach output compromise

Business Standard

Ø Banks may encounter legal hurdles in invoking personal guarantees
Ø Zomato could get added to MSCI, FTSE indices by 2021-end: Analyst
Ø MFs go on a shopping spree in June as market hits new highs
Ø Tata Sons hires consultants for Air India due diligence
Ø Big banks expand share in corporate lending amid pandemic stress.
Ø ITC diversifies tobacco into nicotine and derivatives for US vaping market
Ø Rakesh Jhunjhunwala, wife settle Aptech insider trading case with Sebi
Ø Flex-fuel engines: Roadmap, benefits and challenges for Indian auto sector
Ø JSW Energy to seek shareholder approval to raise up to Rs 5,000 crore
Ø India's June WPI inflation eases to 12.07% despite rise in fuel prices

Financial Express

Ø Cabinet okays scheme to provide Rs 1,624 cr over 5 years as subsidy to Indian shipping companies
Ø CCEA clears realignment of Department of Animal Husbandry & Dairying schemes
Ø Modi Govt increases Dearness Allowance for Central Government Employees, DR for pensioners
Ø Indian EV industry welcomes incentives under new Maharashtra EV Policy 2021
Ø Rs 880 crore hidden money found: I-T department detects concealed income after survey on Quess Corp
Ø S&P retains India’s rating, says recovery to gain pace in H2
Ø 42% NBFCs expect over 15 pc growth in AUM in FY2022: Icra survey
Ø IL&FS expects to recover Rs 58,000 cr by March 2022
Ø Reliance Power gets shareholders' nod to issue of shares, warrants worth Rs 1,325 cr to RInfra
Ø Burger King India launches a campaign for its new Stunner Menu

Mint

Ø Puducherry hikes liquor prices by 20% from tomorrow
Ø Govt plans to introduce 17 bills in Monsoon session
Ø India's gems and jewellery exports spurt by 92.37% to ₹20,851 Crore in June
Ø NMDC board approves demerger of NMDC Steel.
Ø Infosys beats TCS by a mile in Q1, but margin pressure rears its head
Ø RBI bars Mastercard from issuing new debit, credit cards in India from 22 July
Ø India IT spending expected to grow at 8% to $92.7 bn in 2021: Gartner report
Ø Power demand in India expected to grow 6% in FY22: ICRA
Ø Maharashtra government rolls out new EV Policy.
Ø ITC to enter boutique lifestyle Hotel segment with new brand Storii
Ø Indian aviation sector to touch 80% of Pre-Covid Capacity in Q3: Morgan Stanley

Gn

🇮🇳Business News Headlines

Economic Times

Ø Rossari Biotech in advanced talks to acquire a Specialty Chemicals Business
Ø Exports up 48.34 pc to USD 32.5 Bn; Trade Deficit at USD 9.37 bn in June
Ø RPower allots 59.5 Crore shares, 73 crore warrants to RInfra
Ø CCI approves Synergy Metals' stake-buy in JSW Cement under green channel route
Ø Centre releases Rs 75,000 crore to states as GST compensation
Ø Tata Elxsi Q1 results: Profit rises over 64% to Rs 113.4 crore
Ø Cyient Q1 results: Net profit up 41.3% to Rs 115 crore
Ø DIPAM invites bids from bankers, advisors for LIC's initial public offering
Ø RBI remains net purchaser of US dollar in May; buys $5.84 billion
Ø Next purchase of G-secs worth Rs 20,000 crore under G-SAP 2.0 on July 22: RBI
Ø Horticulture production hits record high at 329.86 million tonnes, says Agriculture Ministry
Ø SoftBank backs Netradyne Technology at nearly $1 billion valuation
Ø Space startup Digantara raises $2.5 million from Kalaari Capital

Business Standard

Ø India's Economy may have grown 22.1% in Q1, but demand is still low: RBI
Ø Wipro Q1 net rises 36% YoY, surpasses its own June qtr revenue guidance
Ø BharatPe aims $6 bn in annualised transaction processed value from POS biz
Ø Amazon expands fulfillment network in India across an area of 10 mn sq feet
Ø Office Leasing down 22% in H1 2021 as demand catches Covid-19 bug: Report
Ø Sebi moves Supreme Court against SAT order on Franklin Templeton
Ø OPEC sees world oil demand reaching pre-pandemic level in 2022
Ø J&J recalls Aveeno, Neutrogena sunscreens after carcinogen found in sprays
Ø Irrational subsidies by many nations hurting Indian fishermen: Goyal at WTO

Financial Express

Ø Bank credit grows by 6.08%; deposits by 9.76%
Ø Record USD 43 bn worth deals closed in H1 2021; 10 unicorns created: Report
Ø MFI Sector's credit cost seen at 5-10 pc in FY22: Report
Ø Pursuing course of cautious optimism amid COVID-19: CBDT chairman
Ø No antidumping duty on flat rolled steel products from 15 countries
Ø China’s Economic Growth slows as post-pandemic rebound loses steam
Ø UK Jobs recovery continues apace as restrictions eased
Ø India’s power consumption returns to pre-COVID level in first fortnight of July; up 17% to 59.36 BU
Ø Huge demand for skilling, re-skilling, up-skilling due to fast changing technology, says PM Modi

Mint

Ø Amid High Fuel prices, India reaches out to Saudi Arabia and UAE
Ø Jerome Powell defends Fed stance on temporary inflation, watching risks
Ø Centre warns states of 3rd wave, urges strict adherence to covid protocol
Ø KKR completes $625 Mn majority stake acquisition in Fogg deo maker
Ø US manufacturing output dips as chip shortage weighs on motor vehicles
Ø Chemspec Chemicals files DRHP to raise Rs700 Cr via IPO
Ø Bisleri forays into hand hygiene segment
Ø US Unemployment claims fall to 360,000, a new Pandemic low
Ø Govt issues Draft National Drone Policy

There is NO target in good fundamental stocks. From 450 high at the time of IPO to 190 low and Again Now 766.
I am only recommending that stocks which I am comfortable with or little understanding of their business and earnings. If you don't have time 😊then it is impossible to make money.
And again I am telling I don't know what is the high and low of a particular stock. If any fundamental changes happen only then I will update you, else you have to wait in High's and Lows of a stocks to get the benefits. Those who don't have time and patience, better try their luck on their own decisions.

Don't underestimate the power of "TATA"

Be ready Investors for More Knowledge from NISM:
New Certification for Self Knowledge are:
1. NISM-XX: Taxation in Securities Market
2. NISM:XXI-B: Portfolio Managers
3. NISM-XXII:Fixed Income Securities

Gn

🇮🇳Business News Headlines

Economic Times

Ø NCGTC issues guidelines for Rs 50,000-cr Credit Guarantee Scheme for Medical infra
*Ø Year-on-year Kharif sowing trails by 11.56%, reservoir levels lower by 7% than previous year*
Ø Reliance goes shopping again, discovers Just Dial, acquires controlling stake in $700-million deal
Ø Bank of Maharashtra closes QIP, mops up Rs 404 crore from issue
Ø L&T Finance Holdings Q1 results: Profit rises by 20% to Rs 178 crore
Ø HDFC AMC Q1 results: Profit after tax rises by 14% to Rs 345 crore
Ø Paytm gears up for mega IPO, files DRHP for Rs 16,600 crore issue
Ø Forex reserves rise by $1.88 billion to record high of $611.89 billion
Ø PFRDA Pension subscribers' base jumps to 4.35 crore at end of June
Ø *Sales of listed Private Manufacturing cos jump 31 pc in Jan-Mar quarter*
Ø Central Bank of India to seek shareholders' nod to set off accumulated loss of Rs 18,724 Cr
Ø Hong Kong-based ADM Capital invests $25 million in Square Yards
Ø Delhivery gets $100 Million from FedEx subsidiary ahead of IPO

Business Standard

Ø Global Surge in Covid-19 cases a warning for us: PM Narendra Modi
*Ø Zomato IPO Subscribed 38 times, generates demand worth over Rs 2 Trillion*
Ø Northern Arc Capital files DRHP for IPO with market regulator Sebi
Ø OYO raises $660 mn term loan funding from Global institutional investors
Ø India's Economic Growth to start hitting 6.5-7% from FY23 onwards: CEA
Ø India's Gasoline sales jump above Pre-Pandemic levels, shows initial data
Ø Two vaccine doses successful in preventing 95% deaths, says ICMR study
Ø Banks consortium gets over Rs 792 crore in Mallya loan default case: ED
Ø Intel looks to buy AMD's spun-off unit for $30 billion: Report
*Ø India Targeting 20% Ethanol-blending with petrol by 2023-24: Piyush Goyal*

Financial Express

Ø Tata expands its footprints in Africa; Opens new showroom in Côte d’Ivoire
Ø Airtel Business, Cisco partner for connectivity solutions for enterprises
*Ø Xiaomi beats Apple, becomes World's 2nd Largest Smartphone maker*
Ø 4,000 mega-watt-hour storage tenders coming up: Union power minister RK Singh
Ø Urban men lost more jobs than women in second wave of COVID-19: CMIE
Ø Volume of direct benefit transfers rises 37 pc to 3.9 lakh crore transaction so far this year: Garg
Ø Investors to get option to block securities in demat accounts for sale transactions: Sebi
Ø FDI limit in NPS fund managers hiked to 74%
Ø IMD issues warning: Heavy rainfall likely over several parts of India, including northern region, in 6-7 days

Mint

Ø Faster Inflation takes toll on US Consumer Sentiment in July
Ø Veeda Clinical Research acquires majority stake in Bioneeds Preclinical
Ø DRDO launches Biodegradable Packaging products
Ø IPO of Tatva Chintan gets subscribed 4.55 times
Ø 79% consumers believe Household Earnings will decline in FY21-22: LocalCircles
Ø India's Power demand to rise even as capacity additions remain sluggish: Fitch
Ø TCS, Infosys, Wipro to hire more than 1 lakh freshers
Ø PNB MetLife announces Rs532 Crore Bonus for 4.6 Lakhs Policyholders
Ø China plans to exempt Hong Kong IPOs from Cybersecurity reviews

Live from Monday, busy with my NISM PMS Exam