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๐ฎ๐ณBusiness News Headlines
Economic Times
ร Adani Group ropes in former Vedanta exec Satish Kumar for copper business
ร Maruti plans to invest up to Rs 18,000 crore for 10 lakh unit plant
ร Bank of Maharashtra fixes floor price at Rs 24.89 per share for Rs 2,000 cr QIP
ร Market capitalisation of BSE-listed firms touches record high; crosses Rs 233 lakh crore
ร Sustained deal momentum, revised guidance hint at stronger FY22 show by Infosys
ร Zomato IPO sails through on day 1, retail investors quota subscribed 2.65 times
ร Market Movers: High margin plan lifts ITC as Zomato hype drives Info Edge
ร ITCโs CMD Sanjiv Puri sees 47% jump in pay in pandemic year
ร IPO financing market flush as NBFCs raise record Rs 1.2 lakh crore
ร Mindtree's margin story remains intact: CEO
ร Oil prices drop after Saudi-UAE reach output compromise
Business Standard
ร Banks may encounter legal hurdles in invoking personal guarantees
ร Zomato could get added to MSCI, FTSE indices by 2021-end: Analyst
ร MFs go on a shopping spree in June as market hits new highs
ร Tata Sons hires consultants for Air India due diligence
ร Bigโbanks expand share in corporate lending amid pandemic stress.
ร ITC diversifies tobacco into nicotine and derivatives for US vaping market
ร Rakesh Jhunjhunwala, wife settle Aptech insider trading case with Sebi
ร Flex-fuel engines: Roadmap, benefits and challenges for Indian auto sector
ร JSW Energy to seek shareholder approval to raise up to Rs 5,000 crore
ร India's June WPI inflation eases to 12.07% despite rise in fuel prices
Financial Express
ร Cabinet okays scheme to provide Rs 1,624 cr over 5 years as subsidy to Indian shipping companies
ร CCEA clears realignment of Department of Animal Husbandry & Dairying schemes
ร Modi Govt increases Dearness Allowance for Central Government Employees, DR for pensioners
ร Indian EV industry welcomes incentives under new Maharashtra EV Policy 2021
ร Rs 880 crore hidden money found: I-T department detects concealed income after survey on Quess Corp
ร S&P retains Indiaโs rating, says recovery to gain pace in H2
ร 42% NBFCs expect over 15 pc growth in AUM in FY2022: Icra survey
ร IL&FS expects to recover Rs 58,000 cr by March 2022
ร Reliance Power gets shareholders' nod to issue of shares, warrants worth Rs 1,325 cr to RInfra
ร Burger King India launches a campaign for its new Stunner Menu
Mint
ร Puducherry hikes liquor prices by 20% from tomorrow
ร Govt plans to introduce 17 bills in Monsoon session
ร India's gems and jewellery exports spurt by 92.37% to โน20,851 Crore in June
ร NMDC board approves demerger of NMDC Steel.
ร Infosys beats TCS by a mile in Q1, but margin pressure rears its head
ร RBI bars Mastercard from issuing new debit, credit cards in India from 22 July
ร India IT spending expected to grow at 8% to $92.7 bn in 2021: Gartner report
ร Power demand in India expected to grow 6% in FY22: ICRA
ร Maharashtra government rolls out new EV Policy.
ร ITC to enter boutique lifestyle Hotel segment with new brand Storii
ร Indian aviation sector to touch 80% of Pre-Covid Capacity in Q3: Morgan Stanley
Economic Times
ร Adani Group ropes in former Vedanta exec Satish Kumar for copper business
ร Maruti plans to invest up to Rs 18,000 crore for 10 lakh unit plant
ร Bank of Maharashtra fixes floor price at Rs 24.89 per share for Rs 2,000 cr QIP
ร Market capitalisation of BSE-listed firms touches record high; crosses Rs 233 lakh crore
ร Sustained deal momentum, revised guidance hint at stronger FY22 show by Infosys
ร Zomato IPO sails through on day 1, retail investors quota subscribed 2.65 times
ร Market Movers: High margin plan lifts ITC as Zomato hype drives Info Edge
ร ITCโs CMD Sanjiv Puri sees 47% jump in pay in pandemic year
ร IPO financing market flush as NBFCs raise record Rs 1.2 lakh crore
ร Mindtree's margin story remains intact: CEO
ร Oil prices drop after Saudi-UAE reach output compromise
Business Standard
ร Banks may encounter legal hurdles in invoking personal guarantees
ร Zomato could get added to MSCI, FTSE indices by 2021-end: Analyst
ร MFs go on a shopping spree in June as market hits new highs
ร Tata Sons hires consultants for Air India due diligence
ร Bigโbanks expand share in corporate lending amid pandemic stress.
ร ITC diversifies tobacco into nicotine and derivatives for US vaping market
ร Rakesh Jhunjhunwala, wife settle Aptech insider trading case with Sebi
ร Flex-fuel engines: Roadmap, benefits and challenges for Indian auto sector
ร JSW Energy to seek shareholder approval to raise up to Rs 5,000 crore
ร India's June WPI inflation eases to 12.07% despite rise in fuel prices
Financial Express
ร Cabinet okays scheme to provide Rs 1,624 cr over 5 years as subsidy to Indian shipping companies
ร CCEA clears realignment of Department of Animal Husbandry & Dairying schemes
ร Modi Govt increases Dearness Allowance for Central Government Employees, DR for pensioners
ร Indian EV industry welcomes incentives under new Maharashtra EV Policy 2021
ร Rs 880 crore hidden money found: I-T department detects concealed income after survey on Quess Corp
ร S&P retains Indiaโs rating, says recovery to gain pace in H2
ร 42% NBFCs expect over 15 pc growth in AUM in FY2022: Icra survey
ร IL&FS expects to recover Rs 58,000 cr by March 2022
ร Reliance Power gets shareholders' nod to issue of shares, warrants worth Rs 1,325 cr to RInfra
ร Burger King India launches a campaign for its new Stunner Menu
Mint
ร Puducherry hikes liquor prices by 20% from tomorrow
ร Govt plans to introduce 17 bills in Monsoon session
ร India's gems and jewellery exports spurt by 92.37% to โน20,851 Crore in June
ร NMDC board approves demerger of NMDC Steel.
ร Infosys beats TCS by a mile in Q1, but margin pressure rears its head
ร RBI bars Mastercard from issuing new debit, credit cards in India from 22 July
ร India IT spending expected to grow at 8% to $92.7 bn in 2021: Gartner report
ร Power demand in India expected to grow 6% in FY22: ICRA
ร Maharashtra government rolls out new EV Policy.
ร ITC to enter boutique lifestyle Hotel segment with new brand Storii
ร Indian aviation sector to touch 80% of Pre-Covid Capacity in Q3: Morgan Stanley
๐ฎ๐ณBusiness News Headlines
Economic Times
ร Rossari Biotech in advanced talks to acquire a Specialty Chemicals Business
ร Exports up 48.34 pc to USD 32.5 Bn; Trade Deficit at USD 9.37 bn in June
ร RPower allots 59.5 Crore shares, 73 crore warrants to RInfra
ร CCI approves Synergy Metals' stake-buy in JSW Cement under green channel route
ร Centre releases Rs 75,000 crore to states as GST compensation
ร Tata Elxsi Q1 results: Profit rises over 64% to Rs 113.4 crore
ร Cyient Q1 results: Net profit up 41.3% to Rs 115 crore
ร DIPAM invites bids from bankers, advisors for LIC's initial public offering
ร RBI remains net purchaser of US dollar in May; buys $5.84 billion
ร Next purchase of G-secs worth Rs 20,000 crore under G-SAP 2.0 on July 22: RBI
ร Horticulture production hits record high at 329.86 million tonnes, says Agriculture Ministry
ร SoftBank backs Netradyne Technology at nearly $1 billion valuation
ร Space startup Digantara raises $2.5 million from Kalaari Capital
Business Standard
ร India's Economy may have grown 22.1% in Q1, but demand is still low: RBI
ร Wipro Q1 net rises 36% YoY, surpasses its own June qtr revenue guidance
ร BharatPe aims $6 bn in annualised transaction processed value from POS biz
ร Amazon expands fulfillment network in India across an area of 10 mn sq feet
ร Office Leasing down 22% in H1 2021 as demand catches Covid-19 bug: Report
ร Sebi moves Supreme Court against SAT order on Franklin Templeton
ร OPEC sees world oil demand reaching pre-pandemic level in 2022
ร J&J recalls Aveeno, Neutrogena sunscreens after carcinogen found in sprays
ร Irrational subsidies by many nations hurting Indian fishermen: Goyal at WTO
Financial Express
ร Bank credit grows by 6.08%; deposits by 9.76%
ร Record USD 43 bn worth deals closed in H1 2021; 10 unicorns created: Report
ร MFI Sector's credit cost seen at 5-10 pc in FY22: Report
ร Pursuing course of cautious optimism amid COVID-19: CBDT chairman
ร No antidumping duty on flat rolled steel products from 15 countries
ร Chinaโs Economic Growth slows as post-pandemic rebound loses steam
ร UK Jobs recovery continues apace as restrictions eased
ร Indiaโs power consumption returns to pre-COVID level in first fortnight of July; up 17% to 59.36 BU
ร Huge demand for skilling, re-skilling, up-skilling due to fast changing technology, says PM Modi
Mint
ร Amid High Fuel prices, India reaches out to Saudi Arabia and UAE
ร Jerome Powell defends Fed stance on temporary inflation, watching risks
ร Centre warns states of 3rd wave, urges strict adherence to covid protocol
ร KKR completes $625 Mn majority stake acquisition in Fogg deo maker
ร US manufacturing output dips as chip shortage weighs on motor vehicles
ร Chemspec Chemicals files DRHP to raise Rs700 Cr via IPO
ร Bisleri forays into hand hygiene segment
ร US Unemployment claims fall to 360,000, a new Pandemic low
ร Govt issues Draft National Drone Policy
Economic Times
ร Rossari Biotech in advanced talks to acquire a Specialty Chemicals Business
ร Exports up 48.34 pc to USD 32.5 Bn; Trade Deficit at USD 9.37 bn in June
ร RPower allots 59.5 Crore shares, 73 crore warrants to RInfra
ร CCI approves Synergy Metals' stake-buy in JSW Cement under green channel route
ร Centre releases Rs 75,000 crore to states as GST compensation
ร Tata Elxsi Q1 results: Profit rises over 64% to Rs 113.4 crore
ร Cyient Q1 results: Net profit up 41.3% to Rs 115 crore
ร DIPAM invites bids from bankers, advisors for LIC's initial public offering
ร RBI remains net purchaser of US dollar in May; buys $5.84 billion
ร Next purchase of G-secs worth Rs 20,000 crore under G-SAP 2.0 on July 22: RBI
ร Horticulture production hits record high at 329.86 million tonnes, says Agriculture Ministry
ร SoftBank backs Netradyne Technology at nearly $1 billion valuation
ร Space startup Digantara raises $2.5 million from Kalaari Capital
Business Standard
ร India's Economy may have grown 22.1% in Q1, but demand is still low: RBI
ร Wipro Q1 net rises 36% YoY, surpasses its own June qtr revenue guidance
ร BharatPe aims $6 bn in annualised transaction processed value from POS biz
ร Amazon expands fulfillment network in India across an area of 10 mn sq feet
ร Office Leasing down 22% in H1 2021 as demand catches Covid-19 bug: Report
ร Sebi moves Supreme Court against SAT order on Franklin Templeton
ร OPEC sees world oil demand reaching pre-pandemic level in 2022
ร J&J recalls Aveeno, Neutrogena sunscreens after carcinogen found in sprays
ร Irrational subsidies by many nations hurting Indian fishermen: Goyal at WTO
Financial Express
ร Bank credit grows by 6.08%; deposits by 9.76%
ร Record USD 43 bn worth deals closed in H1 2021; 10 unicorns created: Report
ร MFI Sector's credit cost seen at 5-10 pc in FY22: Report
ร Pursuing course of cautious optimism amid COVID-19: CBDT chairman
ร No antidumping duty on flat rolled steel products from 15 countries
ร Chinaโs Economic Growth slows as post-pandemic rebound loses steam
ร UK Jobs recovery continues apace as restrictions eased
ร Indiaโs power consumption returns to pre-COVID level in first fortnight of July; up 17% to 59.36 BU
ร Huge demand for skilling, re-skilling, up-skilling due to fast changing technology, says PM Modi
Mint
ร Amid High Fuel prices, India reaches out to Saudi Arabia and UAE
ร Jerome Powell defends Fed stance on temporary inflation, watching risks
ร Centre warns states of 3rd wave, urges strict adherence to covid protocol
ร KKR completes $625 Mn majority stake acquisition in Fogg deo maker
ร US manufacturing output dips as chip shortage weighs on motor vehicles
ร Chemspec Chemicals files DRHP to raise Rs700 Cr via IPO
ร Bisleri forays into hand hygiene segment
ร US Unemployment claims fall to 360,000, a new Pandemic low
ร 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 ๐then 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 ๐then 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
๐ฎ๐ณBusiness News Headlines
Economic Times
ร NCGTC issues guidelines for Rs 50,000-cr Credit Guarantee Scheme for Medical infra
*ร Year-on-year Kharif sowing trails by 11.56%, reservoir levels lower by 7% than previous year*
ร Reliance goes shopping again, discovers Just Dial, acquires controlling stake in $700-million deal
ร Bank of Maharashtra closes QIP, mops up Rs 404 crore from issue
ร L&T Finance Holdings Q1 results: Profit rises by 20% to Rs 178 crore
ร HDFC AMC Q1 results: Profit after tax rises by 14% to Rs 345 crore
ร Paytm gears up for mega IPO, files DRHP for Rs 16,600 crore issue
ร Forex reserves rise by $1.88 billion to record high of $611.89 billion
ร PFRDA Pension subscribers' base jumps to 4.35 crore at end of June
ร *Sales of listed Private Manufacturing cos jump 31 pc in Jan-Mar quarter*
ร Central Bank of India to seek shareholders' nod to set off accumulated loss of Rs 18,724 Cr
ร Hong Kong-based ADM Capital invests $25 million in Square Yards
ร Delhivery gets $100 Million from FedEx subsidiary ahead of IPO
Business Standard
ร Global Surge in Covid-19 cases a warning for us: PM Narendra Modi
*ร Zomato IPO Subscribed 38 times, generates demand worth over Rs 2 Trillion*
ร Northern Arc Capital files DRHP for IPO with market regulator Sebi
ร OYO raises $660 mn term loan funding from Global institutional investors
ร India's Economic Growth to start hitting 6.5-7% from FY23 onwards: CEA
ร India's Gasoline sales jump above Pre-Pandemic levels, shows initial data
ร Two vaccine doses successful in preventing 95% deaths, says ICMR study
ร Banks consortium gets over Rs 792 crore in Mallya loan default case: ED
ร Intel looks to buy AMD's spun-off unit for $30 billion: Report
*ร India Targeting 20% Ethanol-blending with petrol by 2023-24: Piyush Goyal*
Financial Express
ร Tata expands its footprints in Africa; Opens new showroom in Cรดte dโIvoire
ร Airtel Business, Cisco partner for connectivity solutions for enterprises
*ร Xiaomi beats Apple, becomes World's 2nd Largest Smartphone maker*
ร 4,000 mega-watt-hour storage tenders coming up: Union power minister RK Singh
ร Urban men lost more jobs than women in second wave of COVID-19: CMIE
ร Volume of direct benefit transfers rises 37 pc to 3.9 lakh crore transaction so far this year: Garg
ร Investors to get option to block securities in demat accounts for sale transactions: Sebi
ร FDI limit in NPS fund managers hiked to 74%
ร IMD issues warning: Heavy rainfall likely over several parts of India, including northern region, in 6-7 days
Mint
ร Faster Inflation takes toll on US Consumer Sentiment in July
ร Veeda Clinical Research acquires majority stake in Bioneeds Preclinical
ร DRDO launches Biodegradable Packaging products
ร IPO of Tatva Chintan gets subscribed 4.55 times
ร 79% consumers believe Household Earnings will decline in FY21-22: LocalCircles
ร India's Power demand to rise even as capacity additions remain sluggish: Fitch
ร TCS, Infosys, Wipro to hire more than 1 lakh freshers
ร PNB MetLife announces Rs532 Crore Bonus for 4.6 Lakhs Policyholders
ร China plans to exempt Hong Kong IPOs from Cybersecurity reviews
Economic Times
ร NCGTC issues guidelines for Rs 50,000-cr Credit Guarantee Scheme for Medical infra
*ร Year-on-year Kharif sowing trails by 11.56%, reservoir levels lower by 7% than previous year*
ร Reliance goes shopping again, discovers Just Dial, acquires controlling stake in $700-million deal
ร Bank of Maharashtra closes QIP, mops up Rs 404 crore from issue
ร L&T Finance Holdings Q1 results: Profit rises by 20% to Rs 178 crore
ร HDFC AMC Q1 results: Profit after tax rises by 14% to Rs 345 crore
ร Paytm gears up for mega IPO, files DRHP for Rs 16,600 crore issue
ร Forex reserves rise by $1.88 billion to record high of $611.89 billion
ร PFRDA Pension subscribers' base jumps to 4.35 crore at end of June
ร *Sales of listed Private Manufacturing cos jump 31 pc in Jan-Mar quarter*
ร Central Bank of India to seek shareholders' nod to set off accumulated loss of Rs 18,724 Cr
ร Hong Kong-based ADM Capital invests $25 million in Square Yards
ร Delhivery gets $100 Million from FedEx subsidiary ahead of IPO
Business Standard
ร Global Surge in Covid-19 cases a warning for us: PM Narendra Modi
*ร Zomato IPO Subscribed 38 times, generates demand worth over Rs 2 Trillion*
ร Northern Arc Capital files DRHP for IPO with market regulator Sebi
ร OYO raises $660 mn term loan funding from Global institutional investors
ร India's Economic Growth to start hitting 6.5-7% from FY23 onwards: CEA
ร India's Gasoline sales jump above Pre-Pandemic levels, shows initial data
ร Two vaccine doses successful in preventing 95% deaths, says ICMR study
ร Banks consortium gets over Rs 792 crore in Mallya loan default case: ED
ร Intel looks to buy AMD's spun-off unit for $30 billion: Report
*ร India Targeting 20% Ethanol-blending with petrol by 2023-24: Piyush Goyal*
Financial Express
ร Tata expands its footprints in Africa; Opens new showroom in Cรดte dโIvoire
ร Airtel Business, Cisco partner for connectivity solutions for enterprises
*ร Xiaomi beats Apple, becomes World's 2nd Largest Smartphone maker*
ร 4,000 mega-watt-hour storage tenders coming up: Union power minister RK Singh
ร Urban men lost more jobs than women in second wave of COVID-19: CMIE
ร Volume of direct benefit transfers rises 37 pc to 3.9 lakh crore transaction so far this year: Garg
ร Investors to get option to block securities in demat accounts for sale transactions: Sebi
ร FDI limit in NPS fund managers hiked to 74%
ร IMD issues warning: Heavy rainfall likely over several parts of India, including northern region, in 6-7 days
Mint
ร Faster Inflation takes toll on US Consumer Sentiment in July
ร Veeda Clinical Research acquires majority stake in Bioneeds Preclinical
ร DRDO launches Biodegradable Packaging products
ร IPO of Tatva Chintan gets subscribed 4.55 times
ร 79% consumers believe Household Earnings will decline in FY21-22: LocalCircles
ร India's Power demand to rise even as capacity additions remain sluggish: Fitch
ร TCS, Infosys, Wipro to hire more than 1 lakh freshers
ร PNB MetLife announces Rs532 Crore Bonus for 4.6 Lakhs Policyholders
ร China plans to exempt Hong Kong IPOs from Cybersecurity reviews
๐ฎ๐ณBusiness News Headlines
Economic Times
ร HDFC Bank Q1: Net Profit jumps 16.1% to Rs 7,730 Cr, misses Street Estimates
ร *Switzerland Accounts for Half of Indiaโs Gold Imports in FY21*
ร Ola gets 1 Lakh Bookings for Electric Scooter
ร OPEC+ Plans new Output Policy meeting on Sunday, sources say
ร OMI raises funds from Nexus Ventures Partners
ร Pandemic pushes back World Economy by 5-10 years, says Bata Global CEO
ร M&M sets the wheel in motion to reclaim its lost space as an 'authentic SUV maker'
Business Standard
ร Boost for Navy as delivery of MH-60R Seahawk multi-role helicopters begins
ร Post-Brexit, India records highest Growth for UK Job Clicks : Indeed
ร Delhi University to start registration process for UG programmes on Aug 2
ร HDB Financial Services Q1 Net Profit nosedives on Covid-19 impact
ร Stock Exchanges examining preferential share issue to parent firm: LIC HFL
Financial Express
ร Report card: BSNL slashes FY21 losses by 52% with reduced staff costs
ร *India, Africa to drive refurbished Smartphone market, says report*
ร Complied with 85% of asks on tech, ball in RBI court for lifting ban: HDFC Bank
ร Offline Retail revival depends on COVID vaccination coverage, says expert
Mint
ร German, Belgian flood deaths rise to 157 as search continues
ร Zurich Airport signs shareholder agreement for Jewar airport development
ร IBC amendment Bill to be tabled in Monsoon Session of Parliament
*ร Two-Wheeler Sales Growth in FY22 will be lower than predicted: Crisil*
ร Tata Power to set up EV Charging Stations at HPCL Outlets
ร Assets under NPS rose to over โน6 Trillion as of 30 June: PFRDA
Economic Times
ร HDFC Bank Q1: Net Profit jumps 16.1% to Rs 7,730 Cr, misses Street Estimates
ร *Switzerland Accounts for Half of Indiaโs Gold Imports in FY21*
ร Ola gets 1 Lakh Bookings for Electric Scooter
ร OPEC+ Plans new Output Policy meeting on Sunday, sources say
ร OMI raises funds from Nexus Ventures Partners
ร Pandemic pushes back World Economy by 5-10 years, says Bata Global CEO
ร M&M sets the wheel in motion to reclaim its lost space as an 'authentic SUV maker'
Business Standard
ร Boost for Navy as delivery of MH-60R Seahawk multi-role helicopters begins
ร Post-Brexit, India records highest Growth for UK Job Clicks : Indeed
ร Delhi University to start registration process for UG programmes on Aug 2
ร HDB Financial Services Q1 Net Profit nosedives on Covid-19 impact
ร Stock Exchanges examining preferential share issue to parent firm: LIC HFL
Financial Express
ร Report card: BSNL slashes FY21 losses by 52% with reduced staff costs
ร *India, Africa to drive refurbished Smartphone market, says report*
ร Complied with 85% of asks on tech, ball in RBI court for lifting ban: HDFC Bank
ร Offline Retail revival depends on COVID vaccination coverage, says expert
Mint
ร German, Belgian flood deaths rise to 157 as search continues
ร Zurich Airport signs shareholder agreement for Jewar airport development
ร IBC amendment Bill to be tabled in Monsoon Session of Parliament
*ร Two-Wheeler Sales Growth in FY22 will be lower than predicted: Crisil*
ร Tata Power to set up EV Charging Stations at HPCL Outlets
ร Assets under NPS rose to over โน6 Trillion as of 30 June: PFRDA