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