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
🇮🇳Business News Headlines
Economic Times
Ø HDFC Bank Q1: Net Profit jumps 16.1% to Rs 7,730 Cr, misses Street Estimates
Ø *Switzerland Accounts for Half of India’s Gold Imports in FY21*
Ø Ola gets 1 Lakh Bookings for Electric Scooter
Ø OPEC+ Plans new Output Policy meeting on Sunday, sources say
Ø OMI raises funds from Nexus Ventures Partners
Ø Pandemic pushes back World Economy by 5-10 years, says Bata Global CEO
Ø M&M sets the wheel in motion to reclaim its lost space as an 'authentic SUV maker'
Business Standard
Ø Boost for Navy as delivery of MH-60R Seahawk multi-role helicopters begins
Ø Post-Brexit, India records highest Growth for UK Job Clicks : Indeed
Ø Delhi University to start registration process for UG programmes on Aug 2
Ø HDB Financial Services Q1 Net Profit nosedives on Covid-19 impact
Ø Stock Exchanges examining preferential share issue to parent firm: LIC HFL
Financial Express
Ø Report card: BSNL slashes FY21 losses by 52% with reduced staff costs
Ø *India, Africa to drive refurbished Smartphone market, says report*
Ø Complied with 85% of asks on tech, ball in RBI court for lifting ban: HDFC Bank
Ø Offline Retail revival depends on COVID vaccination coverage, says expert
Mint
Ø German, Belgian flood deaths rise to 157 as search continues
Ø Zurich Airport signs shareholder agreement for Jewar airport development
Ø IBC amendment Bill to be tabled in Monsoon Session of Parliament
*Ø Two-Wheeler Sales Growth in FY22 will be lower than predicted: Crisil*
Ø Tata Power to set up EV Charging Stations at HPCL Outlets
Ø Assets under NPS rose to over ₹6 Trillion as of 30 June: PFRDA
Economic Times
Ø HDFC Bank Q1: Net Profit jumps 16.1% to Rs 7,730 Cr, misses Street Estimates
Ø *Switzerland Accounts for Half of India’s Gold Imports in FY21*
Ø Ola gets 1 Lakh Bookings for Electric Scooter
Ø OPEC+ Plans new Output Policy meeting on Sunday, sources say
Ø OMI raises funds from Nexus Ventures Partners
Ø Pandemic pushes back World Economy by 5-10 years, says Bata Global CEO
Ø M&M sets the wheel in motion to reclaim its lost space as an 'authentic SUV maker'
Business Standard
Ø Boost for Navy as delivery of MH-60R Seahawk multi-role helicopters begins
Ø Post-Brexit, India records highest Growth for UK Job Clicks : Indeed
Ø Delhi University to start registration process for UG programmes on Aug 2
Ø HDB Financial Services Q1 Net Profit nosedives on Covid-19 impact
Ø Stock Exchanges examining preferential share issue to parent firm: LIC HFL
Financial Express
Ø Report card: BSNL slashes FY21 losses by 52% with reduced staff costs
Ø *India, Africa to drive refurbished Smartphone market, says report*
Ø Complied with 85% of asks on tech, ball in RBI court for lifting ban: HDFC Bank
Ø Offline Retail revival depends on COVID vaccination coverage, says expert
Mint
Ø German, Belgian flood deaths rise to 157 as search continues
Ø Zurich Airport signs shareholder agreement for Jewar airport development
Ø IBC amendment Bill to be tabled in Monsoon Session of Parliament
*Ø Two-Wheeler Sales Growth in FY22 will be lower than predicted: Crisil*
Ø Tata Power to set up EV Charging Stations at HPCL Outlets
Ø Assets under NPS rose to over ₹6 Trillion as of 30 June: PFRDA
🇮🇳Business News Headlines
Economic Times
Ø ITC Group's earning from foreign exchange in FY'21 up 29%
Ø Reliance's O2C, new energy business may be valued over $100 billion
*Ø Automobile Exports recover in Q1 as Pandemic situation improves Globally*
Ø Pandemic no equaliser in auto sector as demand recovery falters
Ø FPIs pull out Rs 4,515 cr from Indian equities so far in July
Ø M-cap of 6 out of top 10 domestic firms soars over Rs 69,611 cr
Ø NPCI in talks to take UPI, RuPay to global markets
Ø Discoms' outstanding dues to gencos fall 15.25% to Rs 82,305 cr in May
Ø OMCs pause petrol, diesel price hike on Sunday
Ø Mindtree's margin story remains intact: CEO
Ø Shree Cement Pune plant to commission in September
Business Standard
Ø Rossari to acquire Tristar Intermediates at enterprise value of Rs 120 cr
Ø Analysts expect 'muted' June qtr for telcos amid lower subscriber additions
*Ø RIL's Retail Business likely to grow 3x in next 3-5 years: Report*
Ø Adani group rejigs airport business leadership, names execs for new roles
Ø Oil Ministry authorises new companies to sell auto fuels in the country
Ø Q1 Earnings to guide Equity markets in holiday-shortened week say analysts
Ø BSNL narrows consolidated loss to Rs 7,441 crore in FY 2021: Official
Ø Flex-fuel engines: Roadmap, benefits and challenges for Indian auto sector
*Ø HDFC Securities to enter Discount Broking segment to win market share*
Ø India Inc's overseas direct investment in June doubles at $2.8 bn
Financial Express
Ø Reliance's O2C, new energy biz may be valued over $100 bn
Ø Mega Debut: Paytm ready for Rs 16,600-crore mega IPO
Ø FDI limit in NPS fund managers hiked to 74%
Ø Exports jump 48% in June, imports surge 98%
Ø Alkem looks for partnerships, in-licensing deals to bolster presence in US market
*Ø Record Steel prices inject life into long-suffering industry*
Ø Healthcare to have special focus in coming decades: Cadila Healthcare
Ø Kirloskar to invest additional Rs 250 crore in NBFC arm, monetise land assets
Ø Reliance Retail Ventures buys 41% in Just Dial for Rs 3,497 crore
Ø Bandhan Bank’s advances grow 8% y-o-y in Q1
Mint
Ø Bank Credit Growth improves, deposit growth declines: RBI
Ø Wipro’s turnaround is on track but its valuation has run ahead of itself
Ø HDFC Bank monitoring commercial vehicle sector hit by diesel price hike
Ø Discoms may be turning a corner as losses dip in FY20
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 Flush with unicorns, India’s Tech moment arrives
Ø Pricing Discipline to save cement makers battling cost inflation
Ø Paytm’s IPO needs more than the rub-off from Zomato’s exuberance
Ø Fed rate hike may not hurt Asia; stronger US Growth Positive
Economic Times
Ø ITC Group's earning from foreign exchange in FY'21 up 29%
Ø Reliance's O2C, new energy business may be valued over $100 billion
*Ø Automobile Exports recover in Q1 as Pandemic situation improves Globally*
Ø Pandemic no equaliser in auto sector as demand recovery falters
Ø FPIs pull out Rs 4,515 cr from Indian equities so far in July
Ø M-cap of 6 out of top 10 domestic firms soars over Rs 69,611 cr
Ø NPCI in talks to take UPI, RuPay to global markets
Ø Discoms' outstanding dues to gencos fall 15.25% to Rs 82,305 cr in May
Ø OMCs pause petrol, diesel price hike on Sunday
Ø Mindtree's margin story remains intact: CEO
Ø Shree Cement Pune plant to commission in September
Business Standard
Ø Rossari to acquire Tristar Intermediates at enterprise value of Rs 120 cr
Ø Analysts expect 'muted' June qtr for telcos amid lower subscriber additions
*Ø RIL's Retail Business likely to grow 3x in next 3-5 years: Report*
Ø Adani group rejigs airport business leadership, names execs for new roles
Ø Oil Ministry authorises new companies to sell auto fuels in the country
Ø Q1 Earnings to guide Equity markets in holiday-shortened week say analysts
Ø BSNL narrows consolidated loss to Rs 7,441 crore in FY 2021: Official
Ø Flex-fuel engines: Roadmap, benefits and challenges for Indian auto sector
*Ø HDFC Securities to enter Discount Broking segment to win market share*
Ø India Inc's overseas direct investment in June doubles at $2.8 bn
Financial Express
Ø Reliance's O2C, new energy biz may be valued over $100 bn
Ø Mega Debut: Paytm ready for Rs 16,600-crore mega IPO
Ø FDI limit in NPS fund managers hiked to 74%
Ø Exports jump 48% in June, imports surge 98%
Ø Alkem looks for partnerships, in-licensing deals to bolster presence in US market
*Ø Record Steel prices inject life into long-suffering industry*
Ø Healthcare to have special focus in coming decades: Cadila Healthcare
Ø Kirloskar to invest additional Rs 250 crore in NBFC arm, monetise land assets
Ø Reliance Retail Ventures buys 41% in Just Dial for Rs 3,497 crore
Ø Bandhan Bank’s advances grow 8% y-o-y in Q1
Mint
Ø Bank Credit Growth improves, deposit growth declines: RBI
Ø Wipro’s turnaround is on track but its valuation has run ahead of itself
Ø HDFC Bank monitoring commercial vehicle sector hit by diesel price hike
Ø Discoms may be turning a corner as losses dip in FY20
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 Flush with unicorns, India’s Tech moment arrives
Ø Pricing Discipline to save cement makers battling cost inflation
Ø Paytm’s IPO needs more than the rub-off from Zomato’s exuberance
Ø Fed rate hike may not hurt Asia; stronger US Growth Positive