🇮🇳Business News Headlines
Economic Times
Ø Central Banks will accelerate rise of China's Yuan, Global survey shows
Ø FDI Investment doubled in April-May, but Secondary investments dominate inflows: RBI data
Ø Consumption revived in June, investment resilient: Nomura
Ø Securitised loan pool collection ratios slip on second wave: CRISIL
Ø L&T Finance to make early redemption of non convertible preference shares
Ø European Medicines Agency grants Orphan Drug Designation to Zydus Cadila's Saroglitazar Mg
Ø Defence Ministry issues Rs 43,000 Crore tender for six conventional subs
Ø India's GAIL issues swap tender to buy and sell LNG over Aug-Dec - sources
Ø Baba Ramdev says Patanjali IPO decision by year-end, lays a roadmap for Ruchi Soya
Business Standard
Ø Policybazaar all set to hit the market, raise Rs 6,500 crore via IPO
Ø Tyre major Ceat reports first quarter profit at Rs 23 crore
Ø TCS to invest $30-40 Mn annually in global running sponsorships next 5 yrs
Ø Margin concerns may limit upsides in Asian Paints stock
Ø Glenmark Lifesciences to double manufacturing capacity in five years
Ø Consumer durables to see sustained growth over few yrs: Whirlpool India
Ø Airtel, Intel announce collaboration to accelerate 5G rollout in India
Ø IOC, GAIL may buy shares if open offer for Petronet, IGL gets triggered
Ø AAI committees find Adani group in violation of branding, logo pacts
Ø Huge scarcity of talent globally, says HCL Technologies' Apparao
Ø Property mkt to touch $1 Trn by 2030 on high demand, reforms: Housing secy
Ø RBI allows IDFC to exit IDFC First Bank as five-year lock-in period ends
Ø Metal stocks likely to underperform broader market during H2 2021
Financial Express
Ø Boost to medical and health tourism in India! Centre forms board for promotion medical sciences in India
Ø District co-operative banks’ bad loan ratio hits 12.6%: FM Nirmala Sitharaman
Ø Rakesh Jhunjhunwala trims stake in Tata Motors after strong rally; Buys more Federal Bank shares
Ø Anand Rathi Wealth gears up for IPO; files draft offer document with SEBI
Ø Godrej Appliances forays into dishwashers; eyes 15 pc mkt share by end of 2021-22
Ø Telcos to report subdued Q1 on pandemic woes
Ø Analyst Corner: Reiterate ‘buy’ on Crompton Greaves with TP of Rs 530
Ø Sebi extends regulatory compliance timeline for debenture trustees
Ø Bond yields continue to trend lower on positive global cues
Mint
Ø Citigroup appoints bosses for newly merged equities teams
Ø ‘Blackstone funding to help in global expansion’
Ø Paytm hits ₹1469 Billion GMV in June 2021 quarter; up 111% YoY
Ø SBI sees 30% jump in mutual fund commissions
Ø Covid’s second wave may keep RIL’s Q1 earnings under pressure
Ø India's air passenger traffic rises for seventh week in a row
Ø Zydus Cadila gets tentative nod from US agency to market cancer drug
Ø Tata Motors among big firms shortlisted to bid for BEML
Economic Times
Ø Central Banks will accelerate rise of China's Yuan, Global survey shows
Ø FDI Investment doubled in April-May, but Secondary investments dominate inflows: RBI data
Ø Consumption revived in June, investment resilient: Nomura
Ø Securitised loan pool collection ratios slip on second wave: CRISIL
Ø L&T Finance to make early redemption of non convertible preference shares
Ø European Medicines Agency grants Orphan Drug Designation to Zydus Cadila's Saroglitazar Mg
Ø Defence Ministry issues Rs 43,000 Crore tender for six conventional subs
Ø India's GAIL issues swap tender to buy and sell LNG over Aug-Dec - sources
Ø Baba Ramdev says Patanjali IPO decision by year-end, lays a roadmap for Ruchi Soya
Business Standard
Ø Policybazaar all set to hit the market, raise Rs 6,500 crore via IPO
Ø Tyre major Ceat reports first quarter profit at Rs 23 crore
Ø TCS to invest $30-40 Mn annually in global running sponsorships next 5 yrs
Ø Margin concerns may limit upsides in Asian Paints stock
Ø Glenmark Lifesciences to double manufacturing capacity in five years
Ø Consumer durables to see sustained growth over few yrs: Whirlpool India
Ø Airtel, Intel announce collaboration to accelerate 5G rollout in India
Ø IOC, GAIL may buy shares if open offer for Petronet, IGL gets triggered
Ø AAI committees find Adani group in violation of branding, logo pacts
Ø Huge scarcity of talent globally, says HCL Technologies' Apparao
Ø Property mkt to touch $1 Trn by 2030 on high demand, reforms: Housing secy
Ø RBI allows IDFC to exit IDFC First Bank as five-year lock-in period ends
Ø Metal stocks likely to underperform broader market during H2 2021
Financial Express
Ø Boost to medical and health tourism in India! Centre forms board for promotion medical sciences in India
Ø District co-operative banks’ bad loan ratio hits 12.6%: FM Nirmala Sitharaman
Ø Rakesh Jhunjhunwala trims stake in Tata Motors after strong rally; Buys more Federal Bank shares
Ø Anand Rathi Wealth gears up for IPO; files draft offer document with SEBI
Ø Godrej Appliances forays into dishwashers; eyes 15 pc mkt share by end of 2021-22
Ø Telcos to report subdued Q1 on pandemic woes
Ø Analyst Corner: Reiterate ‘buy’ on Crompton Greaves with TP of Rs 530
Ø Sebi extends regulatory compliance timeline for debenture trustees
Ø Bond yields continue to trend lower on positive global cues
Mint
Ø Citigroup appoints bosses for newly merged equities teams
Ø ‘Blackstone funding to help in global expansion’
Ø Paytm hits ₹1469 Billion GMV in June 2021 quarter; up 111% YoY
Ø SBI sees 30% jump in mutual fund commissions
Ø Covid’s second wave may keep RIL’s Q1 earnings under pressure
Ø India's air passenger traffic rises for seventh week in a row
Ø Zydus Cadila gets tentative nod from US agency to market cancer drug
Ø Tata Motors among big firms shortlisted to bid for BEML
Check Zomato IPO Status:
https://linkintime.co.in/MIPO/Ipoallotment.html
https://linkintime.co.in/MIPO/Ipoallotment.html
Enjoy 😊 and have a party 🎉🥳🎈 with Zomato Profits
Best of Luck and Keep Learning
Best of Luck and Keep Learning
🇮🇳Business News Headlines
Economic Times
Ø RIL Q1 Results: Consolidated PAT falls 7% YoY, beats estimates; sales rise 58%
Ø JSW Steel to invest Rs 750 Crore in JSW Paints over the next three years
Ø IDFC First Bank may merge with its Parent firm
Ø Investment in P-notes continues to soar; hits 37-month high in June
Ø IEX Q1 results: Profit after tax grows 47% to Rs 62 Crore
Ø Zomato market cap breaches Rs 1 Lakh Crore after stellar D-Street listing
Ø Forex reserves zoom to record high of $612.73 Billion
Ø AEML raises $300 Mn by issuing sustainability bonds
Ø Govt set to overshoot FY22 tax collection Target as Q1 mop-up reaches Rs 5.6 lakh cr: ICRA
Ø Exports up 45% on-yr in first 3 weeks of July: Govt
Ø Naukri parent Info Edge acquires HR tech startup DoSelect
Business Standard
Ø SC dismisses Vi, Airtel pleas seeking correction of AGR due calculation
Ø Tesla seeks Lower Taxes on sale of imported EVs in India: Report
Ø NCLAT refuses to stay Piramal Group's resolution plan for DHFL
Ø Yes Bank Q1 net up 355% YoY at Rs 207 Cr on surge in non-interest income
Ø SBI Cards Q1 net down 22.5% YoY on higher provisions, lower interest income
Ø Tata-Boeing JV delivers 100th Apache fuselage in just three years
Ø Death toll in central China floods rises to 56, losses mount to $10 Billion
Ø Nasscom makes suggestions on proposed amendments to e-commerce rules
Ø India improves ranking in trade facilitation aided by various reforms
Financial Express
Ø After posting Highest Quarterly revenue growth in 5 yrs in Q1, Persistent Systems to hire 2,000 Freshers this year
Ø Indian Oil Corporation to build green hydrogen plant at Mathura refinery
Ø Federal Bank Q1 Net falls 8.3% on higher provisioning
Ø RBI eases norms for loans given by banks to directors of other banks
Ø India’s Gas production jumps 19.5% in June on back of KG-D6
Ø Biocon Q1 net profit declines 35 pc to Rs 108.4 Cr
Ø Govt buys wheat worth Rs 85,581 cr, paddy worth Rs 1.64 Lakh Cr this marketing year so far
Ø Sebi comes out with framework on processing of scheme related applications by AMCs
Mint
Ø EPFO to hire consultant to monitor bond investments
Ø ECB lifts restrictions on bank dividends as economy rebounds
Ø Tata Motors opens 8 new showrooms in Ahmedabad
Ø EU approves Moderna Covid Vaccine for children aged 12-17
Ø 46.2% Indians report poor quality of life: Study
Ø Centre to invest Rs324 Crore to expand laboratory testing infra
Ø Govt spends ₹9,725 Cr on Covid-19 Vaccination drive, so far: MoS Health
Economic Times
Ø RIL Q1 Results: Consolidated PAT falls 7% YoY, beats estimates; sales rise 58%
Ø JSW Steel to invest Rs 750 Crore in JSW Paints over the next three years
Ø IDFC First Bank may merge with its Parent firm
Ø Investment in P-notes continues to soar; hits 37-month high in June
Ø IEX Q1 results: Profit after tax grows 47% to Rs 62 Crore
Ø Zomato market cap breaches Rs 1 Lakh Crore after stellar D-Street listing
Ø Forex reserves zoom to record high of $612.73 Billion
Ø AEML raises $300 Mn by issuing sustainability bonds
Ø Govt set to overshoot FY22 tax collection Target as Q1 mop-up reaches Rs 5.6 lakh cr: ICRA
Ø Exports up 45% on-yr in first 3 weeks of July: Govt
Ø Naukri parent Info Edge acquires HR tech startup DoSelect
Business Standard
Ø SC dismisses Vi, Airtel pleas seeking correction of AGR due calculation
Ø Tesla seeks Lower Taxes on sale of imported EVs in India: Report
Ø NCLAT refuses to stay Piramal Group's resolution plan for DHFL
Ø Yes Bank Q1 net up 355% YoY at Rs 207 Cr on surge in non-interest income
Ø SBI Cards Q1 net down 22.5% YoY on higher provisions, lower interest income
Ø Tata-Boeing JV delivers 100th Apache fuselage in just three years
Ø Death toll in central China floods rises to 56, losses mount to $10 Billion
Ø Nasscom makes suggestions on proposed amendments to e-commerce rules
Ø India improves ranking in trade facilitation aided by various reforms
Financial Express
Ø After posting Highest Quarterly revenue growth in 5 yrs in Q1, Persistent Systems to hire 2,000 Freshers this year
Ø Indian Oil Corporation to build green hydrogen plant at Mathura refinery
Ø Federal Bank Q1 Net falls 8.3% on higher provisioning
Ø RBI eases norms for loans given by banks to directors of other banks
Ø India’s Gas production jumps 19.5% in June on back of KG-D6
Ø Biocon Q1 net profit declines 35 pc to Rs 108.4 Cr
Ø Govt buys wheat worth Rs 85,581 cr, paddy worth Rs 1.64 Lakh Cr this marketing year so far
Ø Sebi comes out with framework on processing of scheme related applications by AMCs
Mint
Ø EPFO to hire consultant to monitor bond investments
Ø ECB lifts restrictions on bank dividends as economy rebounds
Ø Tata Motors opens 8 new showrooms in Ahmedabad
Ø EU approves Moderna Covid Vaccine for children aged 12-17
Ø 46.2% Indians report poor quality of life: Study
Ø Centre to invest Rs324 Crore to expand laboratory testing infra
Ø Govt spends ₹9,725 Cr on Covid-19 Vaccination drive, so far: MoS Health
🇮🇳Business News Headlines
Economic Times
Ø Tariff hike right move, but may not raise Airtel ARPU: Analysts
Ø IFC lends $250 Mn to HDFC to promote affordable green housing
Ø JSPL receives revised Rs 7,401 Cr offer for arm Jindal Power
Ø Reliance to start gas production from MJ field in October-December 2022
Ø Expecting pick-up in demand, Ceat lines up investments to scale up production
Ø Zomato stock may sustain bullishness in the near term
Ø FPIs pull out Rs 5,689 Cr from Indian equities in July so far
Ø ‘Govt’s capex push, emergence of new themes to help drive recovery’
Ø Gold imports jump multi-fold to $7.9 Billion in April-June quarter
Ø China ‘ban’ on entry of Indian sailors, says seafarers’ body
Ø Rating companies report sharpest rise in upgrades, improvement in creditworthiness
Business Standard
Ø Status quo likely in September review of Nifty but not for long
Ø Gold Bond sales gain Momentum in India's second wave of Covid-19 Infections
Ø Real money in market is made by remaining invested for long: Vikas Khemani
Ø FPIs pull out so far Rs 5,689 Cr from Indian equities in July
Ø Gold price today at Rs 46,870 per 10 gm, silver trending at Rs 67,100 a kg
Ø Investment in P-notes continues to soar; hits 37-month high in June
Ø Sec 24A Offenses: Supreme Court says Sebi consent not mandatory
Ø Outlook for Cement companies remains strong; analysts bullish about sector
Ø Jio's Q1 Net Profit rises 45% YoY to Rs 3,651 crore; ARPU at Rs 138
Ø Gaining ground: B30 assets see 39% rise in a year, shows Amfi data
Financial Express
Ø Pulses acreage languishes, fuelling fears of price rise in November-December
Ø India improves ranking in trade facilitation aided by reforms
Ø HCL Technologies rating – Buy: Weak start to the fiscal for the company
Ø HDFC Life Insurance rating – Buy: Mortality reserves spike affected Q1
Ø Investors opening new trading, demat account from October to get choice of providing nomination: Sebi
Ø Investment in P-notes continues to soar; hits 37-month high in June
Ø L&T construction arm bags orders in overseas, domestic market
Ø Steel prices may cool off after year-long rally
Ø Coffee exports declining, Covid causes shift in consumption patterns: Report
Mint
Ø IndusInd Bank to raise up to ₹30,000 Cr through equity and debt
Ø India breaks into the top 10 list of agri produce exporters
Ø Future Retail misses servicing interest payment, extends the same by 30 days
Ø ITC Q1 Profit up 29%, revenues grow 37%
Ø Govt may hike OBC creamy layer slab
Ø Domestic air passenger traffic bounce back in June
Ø Reliance Retail to benefit from JD’s evolution into a super app
Ø Dhanlaxmi Bank announces strategic alliance with SMC Global Securities
Ø Sebi says valuation must for all Preferential allotment plans
Ø This engineering stock has doubled shareholders' money in one month
Ø Avigna to invest ₹837 Cr to develop industrial parks in Tamil Nadu
Economic Times
Ø Tariff hike right move, but may not raise Airtel ARPU: Analysts
Ø IFC lends $250 Mn to HDFC to promote affordable green housing
Ø JSPL receives revised Rs 7,401 Cr offer for arm Jindal Power
Ø Reliance to start gas production from MJ field in October-December 2022
Ø Expecting pick-up in demand, Ceat lines up investments to scale up production
Ø Zomato stock may sustain bullishness in the near term
Ø FPIs pull out Rs 5,689 Cr from Indian equities in July so far
Ø ‘Govt’s capex push, emergence of new themes to help drive recovery’
Ø Gold imports jump multi-fold to $7.9 Billion in April-June quarter
Ø China ‘ban’ on entry of Indian sailors, says seafarers’ body
Ø Rating companies report sharpest rise in upgrades, improvement in creditworthiness
Business Standard
Ø Status quo likely in September review of Nifty but not for long
Ø Gold Bond sales gain Momentum in India's second wave of Covid-19 Infections
Ø Real money in market is made by remaining invested for long: Vikas Khemani
Ø FPIs pull out so far Rs 5,689 Cr from Indian equities in July
Ø Gold price today at Rs 46,870 per 10 gm, silver trending at Rs 67,100 a kg
Ø Investment in P-notes continues to soar; hits 37-month high in June
Ø Sec 24A Offenses: Supreme Court says Sebi consent not mandatory
Ø Outlook for Cement companies remains strong; analysts bullish about sector
Ø Jio's Q1 Net Profit rises 45% YoY to Rs 3,651 crore; ARPU at Rs 138
Ø Gaining ground: B30 assets see 39% rise in a year, shows Amfi data
Financial Express
Ø Pulses acreage languishes, fuelling fears of price rise in November-December
Ø India improves ranking in trade facilitation aided by reforms
Ø HCL Technologies rating – Buy: Weak start to the fiscal for the company
Ø HDFC Life Insurance rating – Buy: Mortality reserves spike affected Q1
Ø Investors opening new trading, demat account from October to get choice of providing nomination: Sebi
Ø Investment in P-notes continues to soar; hits 37-month high in June
Ø L&T construction arm bags orders in overseas, domestic market
Ø Steel prices may cool off after year-long rally
Ø Coffee exports declining, Covid causes shift in consumption patterns: Report
Mint
Ø IndusInd Bank to raise up to ₹30,000 Cr through equity and debt
Ø India breaks into the top 10 list of agri produce exporters
Ø Future Retail misses servicing interest payment, extends the same by 30 days
Ø ITC Q1 Profit up 29%, revenues grow 37%
Ø Govt may hike OBC creamy layer slab
Ø Domestic air passenger traffic bounce back in June
Ø Reliance Retail to benefit from JD’s evolution into a super app
Ø Dhanlaxmi Bank announces strategic alliance with SMC Global Securities
Ø Sebi says valuation must for all Preferential allotment plans
Ø This engineering stock has doubled shareholders' money in one month
Ø Avigna to invest ₹837 Cr to develop industrial parks in Tamil Nadu
🇮🇳Business News Headlines
Economic Times
Ø Apollo Global, Synergy Fund may invest Rs 1,500 Crore in JSW Cement
Ø Jio User additions to be strong, but per-user revenue a worry: Analysts
Ø 'Munjal family pact puts no curbs on Hero MotoCorp’s Electric Vehicle business plans'
Ø Boeing’s offer falls short of SpiceJet’s claim
Ø India’s weekly business activity falls after two months: Nomura
Ø Govt says 16,527 Companies struck off during April 2020-June 2021 period
Ø Bank NPAs decline to Rs 8.34 Lakh Cr at March-end 2021: Minister
Ø ITC’s Q1 performance alone unlikely to fire up stock
Ø United Spirits exits liquor delivery firm Hip Bar
Ø Tata Power to reduce emissions in alignment with SBTi
Ø Hitachi ABB Power Grids commissions Raigarh-Pugalur UHVDC link
Business Standard
Ø Suraksha ARC promises to restart stalled Jaypee Infra projects soon
Ø Tata Motors posts Rs 4,450 Cr loss in June qtr as chip shortage takes toll
Ø Bajaj Auto takes a different road from Ola in its EV journey
Ø Paytm eyes IPO by Oct-end, hopes to break even in 18 months
Ø Govt to sell 8% stake in Hudco via offer for sale; may get Rs 720 Crore
Ø India's GDP growth expected to be 8.8-9% in FY22: Care Ratings
Ø Surge in soybean prices rattles trade and poultry industry alike
Ø JSW Paints eyes 10% mkt share, spot among top-three paint players by 2025
Ø Byju's on an acquisition spree, buys Great Learning for $600 Mn
Ø Gaining ground: B30 assets see 39% rise in a year, shows Amfi data
Financial Express
Ø Future of real estate will be pinned on 3Rs - Relief, Restructure and Resilience
Ø Mutual funds: Swing pricing to restore trust in debt funds
Ø Indian auto component industry to have 20-23% growth in FY2022, says ICRA
Ø Bharat Petroleum to begin doorstep diesel delivery: Ties up with Humsafar India
Ø ACC rating – Neutral: Another solid set of numbers for company
Ø Asian Paints rating – Add: Firm’s focus on market share gains is paying off
Ø Quarterly earnings, global trends to drive equity market this week: Analysts
Ø Sebi to RTAs: Develop inter-operable platform to enhance investor experience in MFs
Ø Coffee Exports declining, Covid causes shift in consumption patterns: Report
Mint
Ø Tata Motors expects govt to be consistent with support for local EV production
Ø Glenmark Life raises Rs454 Cr via 19 Anchor investors
Ø Biocon ties up with Adagio Therapeutics for antibody treatment of Covid-19
Ø ITC Q1 Profit up 29%, revenues grow 37%
Ø JSW Steel’s investment in paints unit is an arm’s length deal: Parth Jindal
Ø Kotak Mahindra Bank profit rises, asset quality worsens
Ø Reliance Retail to benefit from JD’s evolution into a Super App
Ø Dhanlaxmi Bank announces strategic alliance with SMC Global Securities
Ø Sebi says valuation must for all Preferential allotment plans
Ø Bajaj Auto Exports its way out of a slump
Ø India’s Banks need to wean off their dependence on Retail loans
Economic Times
Ø Apollo Global, Synergy Fund may invest Rs 1,500 Crore in JSW Cement
Ø Jio User additions to be strong, but per-user revenue a worry: Analysts
Ø 'Munjal family pact puts no curbs on Hero MotoCorp’s Electric Vehicle business plans'
Ø Boeing’s offer falls short of SpiceJet’s claim
Ø India’s weekly business activity falls after two months: Nomura
Ø Govt says 16,527 Companies struck off during April 2020-June 2021 period
Ø Bank NPAs decline to Rs 8.34 Lakh Cr at March-end 2021: Minister
Ø ITC’s Q1 performance alone unlikely to fire up stock
Ø United Spirits exits liquor delivery firm Hip Bar
Ø Tata Power to reduce emissions in alignment with SBTi
Ø Hitachi ABB Power Grids commissions Raigarh-Pugalur UHVDC link
Business Standard
Ø Suraksha ARC promises to restart stalled Jaypee Infra projects soon
Ø Tata Motors posts Rs 4,450 Cr loss in June qtr as chip shortage takes toll
Ø Bajaj Auto takes a different road from Ola in its EV journey
Ø Paytm eyes IPO by Oct-end, hopes to break even in 18 months
Ø Govt to sell 8% stake in Hudco via offer for sale; may get Rs 720 Crore
Ø India's GDP growth expected to be 8.8-9% in FY22: Care Ratings
Ø Surge in soybean prices rattles trade and poultry industry alike
Ø JSW Paints eyes 10% mkt share, spot among top-three paint players by 2025
Ø Byju's on an acquisition spree, buys Great Learning for $600 Mn
Ø Gaining ground: B30 assets see 39% rise in a year, shows Amfi data
Financial Express
Ø Future of real estate will be pinned on 3Rs - Relief, Restructure and Resilience
Ø Mutual funds: Swing pricing to restore trust in debt funds
Ø Indian auto component industry to have 20-23% growth in FY2022, says ICRA
Ø Bharat Petroleum to begin doorstep diesel delivery: Ties up with Humsafar India
Ø ACC rating – Neutral: Another solid set of numbers for company
Ø Asian Paints rating – Add: Firm’s focus on market share gains is paying off
Ø Quarterly earnings, global trends to drive equity market this week: Analysts
Ø Sebi to RTAs: Develop inter-operable platform to enhance investor experience in MFs
Ø Coffee Exports declining, Covid causes shift in consumption patterns: Report
Mint
Ø Tata Motors expects govt to be consistent with support for local EV production
Ø Glenmark Life raises Rs454 Cr via 19 Anchor investors
Ø Biocon ties up with Adagio Therapeutics for antibody treatment of Covid-19
Ø ITC Q1 Profit up 29%, revenues grow 37%
Ø JSW Steel’s investment in paints unit is an arm’s length deal: Parth Jindal
Ø Kotak Mahindra Bank profit rises, asset quality worsens
Ø Reliance Retail to benefit from JD’s evolution into a Super App
Ø Dhanlaxmi Bank announces strategic alliance with SMC Global Securities
Ø Sebi says valuation must for all Preferential allotment plans
Ø Bajaj Auto Exports its way out of a slump
Ø India’s Banks need to wean off their dependence on Retail loans