🇮🇳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
You can't ignore ITC.
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If not now with time embedded then you will buy same stock at top. Remember my word's
🇮🇳 Business News Headlines
Economic Times
Ø Institutional buyers put in Rs 870 cr of bids for HUDCO share sale
Ø Fed says progress made toward conditions for tapering bond buys
Ø Airtel makes big pricing move in prepaid, ups entry level plan to Rs 79
Ø Government mulling long-term measures to boost health of stressed telecom sector
Ø Paytm founder to have protective rights after listing
Ø IRB Infrastructure Developers completes Rs 381.63 crore fundraising
Ø Foreign FIs halt plans to set up investment firms within IFSCs
Ø IndiGo plans flight to normalcy; savvy investors to book on profits
Ø Billionaire investor Rakesh Jhunjhunwala plans 70 planes for new airline
Ø SpiceJet borrowed Rs 127.51 crore, Go First Rs 25.65 crore under ECLGS scheme: Govt
Ø Sonata Software to acquire Encore Software to strengthen US presence
Business Standard
Ø Yes Bank, Indiabulls Housing Finance enter co-lending setup for home loans
Ø US, China moves may have big implications for Indian equity markets
Ø NSDL provides more clarity on frozen funds of Adani group-linked FPIs
Ø JSW Cement to raise up to Rs 1,500 crore from two global equity investors
Ø Hindustan Zinc gets down to check rising coal costs, meet ESG commitment
Ø Sebi chief Ajay Tyagi slams India Inc over poor disclosure standards
Ø Tourism economy fell by 42.8%, estimated 14.5 mn jobs lost in Q1FY21: Govt
Ø FDI in food processing sector falls 57% to $393 million in FY21
Ø India sees venture capital investments surge to $8 billion in Q2: KPMG
Ø ESAF Small Finance Bank files Rs 998-crore IPO papers with Sebi
Financial Express
Ø Large corporates setting up small subsidiaries to get public procurement tenders, will hurt MSEs: Experts
Ø KFC, Pizza Hut operator Devyani International IPO opens Aug 4; will join Burger King post listing
Ø Unemployment rate rises again to reach 7.14%
Ø NTPC offers to sell power directly to India Inc
Ø Basic customs duty removed, agri infra cess halved on lentils
Ø ICICI Prudential rating – Buy: Big beat on margins the highlight of Q1
Ø Sebi to RTAs: Develop inter-operable platform to enhance investor experience in MFs
Ø HCL Technologies appoints Jill Kouri as global chief marketing officer
Mint
Ø Dalmia Bharat’s pan-India ambition is making investors jittery
Ø CDC Group sells 3.7% stake in Equitas Holdings worth ₹104 crore
Ø RTGS, NEFT payment systems opened up for non-banks in phases: RBI
Ø JM Financial’s Q1 FY22 net profit rises 117% to Rs203 crore
Ø RBI imposes ₹5 cr penalty on Axis Bank for contravention of certain provisions
Ø Future-RIL deal: Will decide if Emergency Arbitrator award valid, says SC
Ø Zydus Cadila submits additional d voata on its Covid vaccine to DCGI: Report
Ø Sebi says valuation must for all preferential allotment plans
Ø Bajaj Auto exports its way out of a slump
Ø Customers to get deposit insurance in 90 days of bank failure
Economic Times
Ø Institutional buyers put in Rs 870 cr of bids for HUDCO share sale
Ø Fed says progress made toward conditions for tapering bond buys
Ø Airtel makes big pricing move in prepaid, ups entry level plan to Rs 79
Ø Government mulling long-term measures to boost health of stressed telecom sector
Ø Paytm founder to have protective rights after listing
Ø IRB Infrastructure Developers completes Rs 381.63 crore fundraising
Ø Foreign FIs halt plans to set up investment firms within IFSCs
Ø IndiGo plans flight to normalcy; savvy investors to book on profits
Ø Billionaire investor Rakesh Jhunjhunwala plans 70 planes for new airline
Ø SpiceJet borrowed Rs 127.51 crore, Go First Rs 25.65 crore under ECLGS scheme: Govt
Ø Sonata Software to acquire Encore Software to strengthen US presence
Business Standard
Ø Yes Bank, Indiabulls Housing Finance enter co-lending setup for home loans
Ø US, China moves may have big implications for Indian equity markets
Ø NSDL provides more clarity on frozen funds of Adani group-linked FPIs
Ø JSW Cement to raise up to Rs 1,500 crore from two global equity investors
Ø Hindustan Zinc gets down to check rising coal costs, meet ESG commitment
Ø Sebi chief Ajay Tyagi slams India Inc over poor disclosure standards
Ø Tourism economy fell by 42.8%, estimated 14.5 mn jobs lost in Q1FY21: Govt
Ø FDI in food processing sector falls 57% to $393 million in FY21
Ø India sees venture capital investments surge to $8 billion in Q2: KPMG
Ø ESAF Small Finance Bank files Rs 998-crore IPO papers with Sebi
Financial Express
Ø Large corporates setting up small subsidiaries to get public procurement tenders, will hurt MSEs: Experts
Ø KFC, Pizza Hut operator Devyani International IPO opens Aug 4; will join Burger King post listing
Ø Unemployment rate rises again to reach 7.14%
Ø NTPC offers to sell power directly to India Inc
Ø Basic customs duty removed, agri infra cess halved on lentils
Ø ICICI Prudential rating – Buy: Big beat on margins the highlight of Q1
Ø Sebi to RTAs: Develop inter-operable platform to enhance investor experience in MFs
Ø HCL Technologies appoints Jill Kouri as global chief marketing officer
Mint
Ø Dalmia Bharat’s pan-India ambition is making investors jittery
Ø CDC Group sells 3.7% stake in Equitas Holdings worth ₹104 crore
Ø RTGS, NEFT payment systems opened up for non-banks in phases: RBI
Ø JM Financial’s Q1 FY22 net profit rises 117% to Rs203 crore
Ø RBI imposes ₹5 cr penalty on Axis Bank for contravention of certain provisions
Ø Future-RIL deal: Will decide if Emergency Arbitrator award valid, says SC
Ø Zydus Cadila submits additional d voata on its Covid vaccine to DCGI: Report
Ø Sebi says valuation must for all preferential allotment plans
Ø Bajaj Auto exports its way out of a slump
Ø Customers to get deposit insurance in 90 days of bank failure