🇮🇳Business News Headlines
Economic Times
Ø Maruti, Hyundai and Tata Motors post double-digit sales growth in July
Ø Hindalco to invest Rs 8,000-10,000 Cr in Hirakud, Silvassa & Mundra plants
Ø Biological E to break into big league by Manufacturing 3 Covid Vaccines
Ø India's appeal against Vodafone award in Senior court, hearing in Sept
Ø Government can exempt any listed PSU from minimum public holding
Ø IRB Infrastructure Developers completes Rs 381.63 Crore fundraising
Ø IDFC First Bank posts Rs 630-Cr loss in Q1 on Pandemic Provisions
Ø IPOs raise over Rs 27,000 Cr in Apr-Jul; issues worth Rs 70K Cr in pipeline
Ø Leading Auto makers post double-digit sales growth in July
Ø Gautam Adani incorporates new petrochemicals subsidiary
Ø India's crude steel output up 21.4% at 9.4 MT in June: Worldsteel
Business Standard
Ø India's 5G space booming with global, domestic players pitching in
Ø Maruti Suzuki reports 50% increase in July sales at 1,62,462 Units
Ø Export fetters by China, Russia spell good news for Indian steelmakers
Ø India's fuel demand picks up in July, petrol consumption at pre-Covid level
Ø July GST revenue at over Rs 1.16 Trn; Govt says it marks economic recovery
Ø India's Power Consumption back to pre-Covid level in July; up nearly 12%
Ø Tata Motors looking at measures to offset impact of semiconductor shortage
Ø Videocon's Venugopal Dhoot moves NCLAT against Deloitte, CoC and Vedanta
Ø Hitachi 'reimagining' India as global hub for new age tech solutions
Ø FPIs pull out net investments worth Rs 11,308 Cr from equities in July
Financial Express
Ø RBI likely to maintain status quo on interest rate
Ø Fino Payments Bank files documents with Sebi for IPO
Ø PSU banks mobilise record fund of Rs 58,700 crore from markets in FY21
Ø PLI for specialty steel: Govt expects robust response from large firms
Ø Logistics MSMEs must make a one-time tech investment
Ø Rolex Rings IPO subscribed 130.44 times on last day
Ø Sebi gives more time to brokers, clearing members to comply with certain rules
Ø IPO market nears peak as valuations hit 20-year high
Mint
Ø Passenger vehicle dispatches improve in July as curbs eased
Ø India's crude steel output up 21.4% at 9.4 MT in June: Worldsteel
Ø Deals sizes of Happiest Minds' infrastructure and security biz surge
Ø Vedanta's Sterlite Power hires JM Financial and Axis Capital for IPO
Ø Torrent Power firming up electricity play
Ø HPCL goes all out to help India’s green push
Ø Retail, agri segments drive credit growth in June: Care Ratin
Ø Adani Enterprises incorporates new petrochemicals subsidiary
Ø IDFC First Bank Q1 results: Covid provisioning leads to ₹630 cr net loss
Ø S&P revises Adani Electricity Mumbai's outlook to negative
Economic Times
Ø Maruti, Hyundai and Tata Motors post double-digit sales growth in July
Ø Hindalco to invest Rs 8,000-10,000 Cr in Hirakud, Silvassa & Mundra plants
Ø Biological E to break into big league by Manufacturing 3 Covid Vaccines
Ø India's appeal against Vodafone award in Senior court, hearing in Sept
Ø Government can exempt any listed PSU from minimum public holding
Ø IRB Infrastructure Developers completes Rs 381.63 Crore fundraising
Ø IDFC First Bank posts Rs 630-Cr loss in Q1 on Pandemic Provisions
Ø IPOs raise over Rs 27,000 Cr in Apr-Jul; issues worth Rs 70K Cr in pipeline
Ø Leading Auto makers post double-digit sales growth in July
Ø Gautam Adani incorporates new petrochemicals subsidiary
Ø India's crude steel output up 21.4% at 9.4 MT in June: Worldsteel
Business Standard
Ø India's 5G space booming with global, domestic players pitching in
Ø Maruti Suzuki reports 50% increase in July sales at 1,62,462 Units
Ø Export fetters by China, Russia spell good news for Indian steelmakers
Ø India's fuel demand picks up in July, petrol consumption at pre-Covid level
Ø July GST revenue at over Rs 1.16 Trn; Govt says it marks economic recovery
Ø India's Power Consumption back to pre-Covid level in July; up nearly 12%
Ø Tata Motors looking at measures to offset impact of semiconductor shortage
Ø Videocon's Venugopal Dhoot moves NCLAT against Deloitte, CoC and Vedanta
Ø Hitachi 'reimagining' India as global hub for new age tech solutions
Ø FPIs pull out net investments worth Rs 11,308 Cr from equities in July
Financial Express
Ø RBI likely to maintain status quo on interest rate
Ø Fino Payments Bank files documents with Sebi for IPO
Ø PSU banks mobilise record fund of Rs 58,700 crore from markets in FY21
Ø PLI for specialty steel: Govt expects robust response from large firms
Ø Logistics MSMEs must make a one-time tech investment
Ø Rolex Rings IPO subscribed 130.44 times on last day
Ø Sebi gives more time to brokers, clearing members to comply with certain rules
Ø IPO market nears peak as valuations hit 20-year high
Mint
Ø Passenger vehicle dispatches improve in July as curbs eased
Ø India's crude steel output up 21.4% at 9.4 MT in June: Worldsteel
Ø Deals sizes of Happiest Minds' infrastructure and security biz surge
Ø Vedanta's Sterlite Power hires JM Financial and Axis Capital for IPO
Ø Torrent Power firming up electricity play
Ø HPCL goes all out to help India’s green push
Ø Retail, agri segments drive credit growth in June: Care Ratin
Ø Adani Enterprises incorporates new petrochemicals subsidiary
Ø IDFC First Bank Q1 results: Covid provisioning leads to ₹630 cr net loss
Ø S&P revises Adani Electricity Mumbai's outlook to negative
🇮🇳Business News Headlines
Economic Times
Ø NBFC Indel Money to launch maiden Rs 150 Cr NCD in September
Ø Kumar Mangalam Birla "willing" to give up stake in Voda Idea for Telcos survival
Ø Mahindra & Mahindra July tractor sales rise 7 pc to 27,229 Units
Ø DLF bets big on home projects, hopes to ride the WFH wave
Ø Glenmark inks deal with SaNOtize for COVID treatment spray in India, other Asian markets
Ø Chevron, Total in talks with ONGC for upstream projects in India
Ø Exxaro’s IPO looks aggressively priced given its small size and intense competition
Ø IndiaTech proposes key changes in SR shareholding rules to Sebi
Ø Reliance Retail in talks to put Subway India on its plate
Ø Govt says no Proposal under consideration to waive Farmer loans
Ø Unicorn IPOs may bring tax woes for early investors
Business Standard
Ø Zomato to launch unlimited free deliveries for select customers: CEO Goyal
Ø Tata Sons' arm Panatone Finvest acquires 8% Stake in Tejas Networks
Ø Adani Power takes one of three mines on Day-1 of Commercial Coal auction
Ø Sebi revises minimum application value, trading lot for REITs, InvITs
Ø Ambuja Cements to invest Rs 310 Crore to expand Ropar unit in Punjab
Ø Patel Engineering bags Rs 976 Cr order for Luhri hydro electric project
Ø Steel production impacted in Apr-Jun qtr due to second Covid Wave : Minister
Ø Govt spending to push private capex higher after multi-year deleveraging
Ø Adani, Essar, queue up for govt's Rs 2,500 Cr-plan to develop ports
Ø Govt may defer Privatisation plans for 2 PSU Banks to FY23: Report
Financial Express
Ø Rakesh Jhunjhunwala to invest Rs 31 Cr in Raghav Productivity Enhancers
Ø Fino Payments Bank files documents with Sebi for IPO
Ø Policybazaar files IPO papers with SEBI; SoftBank-backed insurance firm looks to raise Rs 6,000-Cr
Ø Tata Motors to increase prices tomorrow: Offers price protection until end August
Ø ABB India partners with Audi India to provide charging solutions for e-tron range
Ø Stiff target: New Foreign Trade Policy aims for exports of $1 Trillion by FY26
Ø Sebi gives more time to brokers, clearing members to comply with certain rules
Ø Maruti Suzuki cars have least CO2 emissions: CNG, hybrids the way forward says Chairman
Mint
Ø EPFO invests ₹7,715 Crore in equity in April-June
Ø Ramdev’s Ruchi Soya to start palm oil plantations in North East
Ø Govt defers sale of two PSU banks to next year
Ø Sebi to ease rules for Startups to go Public
Ø Torrent Power firming up electricity play
Ø HPCL goes all out to help India’s Green push
Ø Cigarette sales soar but ITC stock fails to light up
Ø Adani Enterprises incorporates new Petrochemicals subsidiary
Ø PNB Q1 results: Net profit zooms 232% YoY to ₹1,023 Cr
Ø FMCG Company Adani Wilmar files DRHP for ₹4,500-Cr IPO
Economic Times
Ø NBFC Indel Money to launch maiden Rs 150 Cr NCD in September
Ø Kumar Mangalam Birla "willing" to give up stake in Voda Idea for Telcos survival
Ø Mahindra & Mahindra July tractor sales rise 7 pc to 27,229 Units
Ø DLF bets big on home projects, hopes to ride the WFH wave
Ø Glenmark inks deal with SaNOtize for COVID treatment spray in India, other Asian markets
Ø Chevron, Total in talks with ONGC for upstream projects in India
Ø Exxaro’s IPO looks aggressively priced given its small size and intense competition
Ø IndiaTech proposes key changes in SR shareholding rules to Sebi
Ø Reliance Retail in talks to put Subway India on its plate
Ø Govt says no Proposal under consideration to waive Farmer loans
Ø Unicorn IPOs may bring tax woes for early investors
Business Standard
Ø Zomato to launch unlimited free deliveries for select customers: CEO Goyal
Ø Tata Sons' arm Panatone Finvest acquires 8% Stake in Tejas Networks
Ø Adani Power takes one of three mines on Day-1 of Commercial Coal auction
Ø Sebi revises minimum application value, trading lot for REITs, InvITs
Ø Ambuja Cements to invest Rs 310 Crore to expand Ropar unit in Punjab
Ø Patel Engineering bags Rs 976 Cr order for Luhri hydro electric project
Ø Steel production impacted in Apr-Jun qtr due to second Covid Wave : Minister
Ø Govt spending to push private capex higher after multi-year deleveraging
Ø Adani, Essar, queue up for govt's Rs 2,500 Cr-plan to develop ports
Ø Govt may defer Privatisation plans for 2 PSU Banks to FY23: Report
Financial Express
Ø Rakesh Jhunjhunwala to invest Rs 31 Cr in Raghav Productivity Enhancers
Ø Fino Payments Bank files documents with Sebi for IPO
Ø Policybazaar files IPO papers with SEBI; SoftBank-backed insurance firm looks to raise Rs 6,000-Cr
Ø Tata Motors to increase prices tomorrow: Offers price protection until end August
Ø ABB India partners with Audi India to provide charging solutions for e-tron range
Ø Stiff target: New Foreign Trade Policy aims for exports of $1 Trillion by FY26
Ø Sebi gives more time to brokers, clearing members to comply with certain rules
Ø Maruti Suzuki cars have least CO2 emissions: CNG, hybrids the way forward says Chairman
Mint
Ø EPFO invests ₹7,715 Crore in equity in April-June
Ø Ramdev’s Ruchi Soya to start palm oil plantations in North East
Ø Govt defers sale of two PSU banks to next year
Ø Sebi to ease rules for Startups to go Public
Ø Torrent Power firming up electricity play
Ø HPCL goes all out to help India’s Green push
Ø Cigarette sales soar but ITC stock fails to light up
Ø Adani Enterprises incorporates new Petrochemicals subsidiary
Ø PNB Q1 results: Net profit zooms 232% YoY to ₹1,023 Cr
Ø FMCG Company Adani Wilmar files DRHP for ₹4,500-Cr IPO
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🇮🇳Business News Headlines
Economic Times
Ø India initiates anti-dumping probe against Chinese pharma chemical
Ø I-T Dept extends deadline for various tax compliances
Ø Over 48 Crore Covid vaccine doses administered in India so far: Govt
Ø Total Debt expected to rise to 61.7% of GDP in FY22: Minister
Ø NMDC iron ore output grows 3.6% to 11.96 MT in Apr-Jul
Ø Shrem Group aims to raise Rs 600 Cr by diluting stake in InvIT next week
Ø Sebi allows payments banks to act as investment bankers
Ø Kalpataru Power Transmission Q1 results: Net jumps nearly 3-fold to Rs 78 Cr
Ø Shipping Corp of India Q1: Net Profit declines 112% to Rs 159 Crore
Ø API imports stood at Rs 28,529 cr, exports at Rs 32,856 Cr in FY21: Mansukh Mandaviya
Ø Airtel Q1 net profit at Rs284 crore, ARPU at Rs 146; lockdowns weigh
Ø Leap raises $34 Million in funding
Ø Healthtech startup Onsurity gets $16 Million from Quona Capital, others
Business Standard
Ø Dabur India's profit after tax jumps 28.4%, beats Pre-Covid levels
Ø Adani Ports' net profit jumps 77% to Rs 1,342 Crore in June quarter
Ø Adani Enterprises Q1 FY22 Consolidated PAT at Rs 271 Crore, up 9 times YoY
Ø Bhavin Turakhia's email startup Titan raises $30 mn, valued at $300 Mn
Ø Ola Electric to ride into Two-Wheeler market with scooter launch on Aug 15
Ø Crops' share in agriculture and allied sector drops to 55.5%, shows data
Ø NBFCs sector will see 50-100 BPS increase in 90+dpd in FY22: ICRA
Ø IndusInd Bank gets empanelled as Agency Bank to RBI
Ø Govt, RBI, Sebi watching markets closely: FM Nirmala Sitharaman
Ø AUM of India-dedicated funds rise 8.3% in H1 of CY21 to $42 Billion
Ø Niti Aayog pitches for greater financial autonomy for state-owned discoms
Ø Ant Group's Profit falls 37% to $2.1 Billion after regulatory setbacks
Ø PepsiCo to sell Tropicana, other juices, to PE firm in $3.3 Bn deal
Financial Express
Ø Infra.Market raises $125 Million in funding led by TigerGlobal
Ø Bank of India Q1 Net Profit falls 15% on lower NII, higher provisions
Ø STL partners Facebook Connectivity to develop 4G, 5G Radio products
Ø IOB net profit jumps 170% to Rs 327 Cr in Q1 on rise in other income, robust recovery
Ø upGrad acquires edtech company KnowledgeHut
Ø Demand for MG-NREGS work still high, supply seems curbed
Ø At 17% in July, GST e-way bill generation highest in four months
Ø Free grains scheme costing Rs 2 Lakh Crore, helped reduce hunger: PM
Ø GST officers detect Rs 7,421 Cr tax evasion in April-June; recover Rs 1,920 Cr
Ø Efficient distribution sector essential for improving ease of doing business: Niti Aayog VC
Ø Vodafone Idea shares fall over 10% ; at 52-week low
Mint
Ø Actis eyes GIP’s Vector Green to bolster renewable capacity
Ø India seeks review of WTO e-transmissions moratorium
Ø GSPC sets out on fresh round of asset sales to reduce debt
Ø Dabur Profit up 28.42% in June Quarter
Ø BharatPe joins unicorn club, valuation triples to $2.85 Bn
Ø Exxaro Tiles raises Rs23.68 Crore from 2 Anchor investors ahead of IPO
Ø Indian carmakers seek extra year to meet fuel efficiency rules: Sources
Ø India's Urea Import rises 8% to 98.28 Lakh Tonnes in 2020-21
Ø India's e-commerce market continues to grow at 5% Rate per annum, says govt
Ø India sees uptick in hiring, around 42% above Pre-Covid Levels : Report
Economic Times
Ø India initiates anti-dumping probe against Chinese pharma chemical
Ø I-T Dept extends deadline for various tax compliances
Ø Over 48 Crore Covid vaccine doses administered in India so far: Govt
Ø Total Debt expected to rise to 61.7% of GDP in FY22: Minister
Ø NMDC iron ore output grows 3.6% to 11.96 MT in Apr-Jul
Ø Shrem Group aims to raise Rs 600 Cr by diluting stake in InvIT next week
Ø Sebi allows payments banks to act as investment bankers
Ø Kalpataru Power Transmission Q1 results: Net jumps nearly 3-fold to Rs 78 Cr
Ø Shipping Corp of India Q1: Net Profit declines 112% to Rs 159 Crore
Ø API imports stood at Rs 28,529 cr, exports at Rs 32,856 Cr in FY21: Mansukh Mandaviya
Ø Airtel Q1 net profit at Rs284 crore, ARPU at Rs 146; lockdowns weigh
Ø Leap raises $34 Million in funding
Ø Healthtech startup Onsurity gets $16 Million from Quona Capital, others
Business Standard
Ø Dabur India's profit after tax jumps 28.4%, beats Pre-Covid levels
Ø Adani Ports' net profit jumps 77% to Rs 1,342 Crore in June quarter
Ø Adani Enterprises Q1 FY22 Consolidated PAT at Rs 271 Crore, up 9 times YoY
Ø Bhavin Turakhia's email startup Titan raises $30 mn, valued at $300 Mn
Ø Ola Electric to ride into Two-Wheeler market with scooter launch on Aug 15
Ø Crops' share in agriculture and allied sector drops to 55.5%, shows data
Ø NBFCs sector will see 50-100 BPS increase in 90+dpd in FY22: ICRA
Ø IndusInd Bank gets empanelled as Agency Bank to RBI
Ø Govt, RBI, Sebi watching markets closely: FM Nirmala Sitharaman
Ø AUM of India-dedicated funds rise 8.3% in H1 of CY21 to $42 Billion
Ø Niti Aayog pitches for greater financial autonomy for state-owned discoms
Ø Ant Group's Profit falls 37% to $2.1 Billion after regulatory setbacks
Ø PepsiCo to sell Tropicana, other juices, to PE firm in $3.3 Bn deal
Financial Express
Ø Infra.Market raises $125 Million in funding led by TigerGlobal
Ø Bank of India Q1 Net Profit falls 15% on lower NII, higher provisions
Ø STL partners Facebook Connectivity to develop 4G, 5G Radio products
Ø IOB net profit jumps 170% to Rs 327 Cr in Q1 on rise in other income, robust recovery
Ø upGrad acquires edtech company KnowledgeHut
Ø Demand for MG-NREGS work still high, supply seems curbed
Ø At 17% in July, GST e-way bill generation highest in four months
Ø Free grains scheme costing Rs 2 Lakh Crore, helped reduce hunger: PM
Ø GST officers detect Rs 7,421 Cr tax evasion in April-June; recover Rs 1,920 Cr
Ø Efficient distribution sector essential for improving ease of doing business: Niti Aayog VC
Ø Vodafone Idea shares fall over 10% ; at 52-week low
Mint
Ø Actis eyes GIP’s Vector Green to bolster renewable capacity
Ø India seeks review of WTO e-transmissions moratorium
Ø GSPC sets out on fresh round of asset sales to reduce debt
Ø Dabur Profit up 28.42% in June Quarter
Ø BharatPe joins unicorn club, valuation triples to $2.85 Bn
Ø Exxaro Tiles raises Rs23.68 Crore from 2 Anchor investors ahead of IPO
Ø Indian carmakers seek extra year to meet fuel efficiency rules: Sources
Ø India's Urea Import rises 8% to 98.28 Lakh Tonnes in 2020-21
Ø India's e-commerce market continues to grow at 5% Rate per annum, says govt
Ø India sees uptick in hiring, around 42% above Pre-Covid Levels : Report
🇮🇳Business News Headlines
Economic Times
Ø KM Birla stepping down as Non-Exec Chairman of Voda Idea
Ø With BP as ally, Reliance Industries wants to dominate the Highway Retail Market
Ø Voda Idea lenders fret over ‘too big to fail’ Telco giant
Ø NSE-BSE bulk deals: Sunil Singhania’s Abakkus Asset sells stake in Ugro Capital
Ø Stock markets likely reflecting the future Growth prospects: FM
Ø Shrem Group aims to raise Rs 600 Cr by diluting stake in InvIT next week
Ø Krsnaa Diagnostic IPO fully subscribed on day 1
Ø Devyani International collects Rs 825 Cr from anchor investors
Ø Zomato is the beginning of a very long trend: Vikas Khemani
Ø Yes Bank fraud: Delhi Court sends Avantha Group promoter Gautam Thapar to one-day ED custody
Ø JK Lakshmi Cement to invest in augmenting existing capacities in North, West markets
Business Standard
Ø Kesoram scraps preferential allotment, plans rights issue
Ø Banks to discuss next course of action on debt-laden Vodafone Idea
Ø Carlyle affiliate to offload entire 1.9% stake in SBI Life Insurance
Ø India needs 3 pvt players in telecom; hope govt offers support: Airtel CEO
Ø Prices of pulses decline on stock limits; edible oil still rising
Ø Ability to smoke out of home to help cigarette sales in FY22: Report
Ø RBI extends deadline for shifting of current accounts till Oct 31
Ø Resident Indian fund managers can be part of FPIs, says Sebi
Ø ESG integration in business will help create long-term value: EY India
Ø Shrem Group aims to raise Rs 600 Cr by diluting stake in InvIT next week
Financial Express
Ø Realtors welcome UPRERA extension to realty projects
Ø ED arrests Avantha Group promoter Gautam Thapar in money laundering case
Ø Kumar Mangalam Birla steps down as non-executive chairman of Vodafone Idea
Ø Paytm Money records over Rs 70,000 average investment from 2.1 Lakh demat a/c holders in FY21
Ø Cotton sowing picks up after July’s dry spell
Ø Unlisted InvITs: Sebi puts in place framework for minimum number of unit holders
Ø Sebi gives more time to brokers, clearing members to comply with certain rules
Ø Maruti Suzuki cars have least CO2 emissions: CNG, hybrids the way forward says Chairman
Ø RBI issues framework for outsourcing of activities by Payment System Operators
Ø 'Indian firms supplied defence equipment worth ₹2.02 Lakh Cr since 2018-19'
Mint
Ø Zomato incorporates digital transaction subsidiary Zomato Payments
Ø Unilever is said to kick off sale of large part of tea business
Ø Privatization of banks should not need an alibi
Ø India's HPCL to operate expanded Mumbai refinery at full rate by mid-October
Ø Carlyle-PNB Housing Fin deal gets CCI nod
Ø 'IT services industry growth to accelerate in FY22, Profit margins to moderate'
Ø India's e-commerce market continues to grow at 5% rate per annum, says govt
Ø ESG integration in business will help create long-term value: EY India
Ø Reliance announces doubling of PET bottles recycling capacity
Ø China takes aim at auto chip dealers with global supplies low
Ø Suzuki to cut vehicle production at the Gujarat factory due to chip shortage
Ø Infra.Market raises $125 Million, Valuation soars to $2.5 Billion
Economic Times
Ø KM Birla stepping down as Non-Exec Chairman of Voda Idea
Ø With BP as ally, Reliance Industries wants to dominate the Highway Retail Market
Ø Voda Idea lenders fret over ‘too big to fail’ Telco giant
Ø NSE-BSE bulk deals: Sunil Singhania’s Abakkus Asset sells stake in Ugro Capital
Ø Stock markets likely reflecting the future Growth prospects: FM
Ø Shrem Group aims to raise Rs 600 Cr by diluting stake in InvIT next week
Ø Krsnaa Diagnostic IPO fully subscribed on day 1
Ø Devyani International collects Rs 825 Cr from anchor investors
Ø Zomato is the beginning of a very long trend: Vikas Khemani
Ø Yes Bank fraud: Delhi Court sends Avantha Group promoter Gautam Thapar to one-day ED custody
Ø JK Lakshmi Cement to invest in augmenting existing capacities in North, West markets
Business Standard
Ø Kesoram scraps preferential allotment, plans rights issue
Ø Banks to discuss next course of action on debt-laden Vodafone Idea
Ø Carlyle affiliate to offload entire 1.9% stake in SBI Life Insurance
Ø India needs 3 pvt players in telecom; hope govt offers support: Airtel CEO
Ø Prices of pulses decline on stock limits; edible oil still rising
Ø Ability to smoke out of home to help cigarette sales in FY22: Report
Ø RBI extends deadline for shifting of current accounts till Oct 31
Ø Resident Indian fund managers can be part of FPIs, says Sebi
Ø ESG integration in business will help create long-term value: EY India
Ø Shrem Group aims to raise Rs 600 Cr by diluting stake in InvIT next week
Financial Express
Ø Realtors welcome UPRERA extension to realty projects
Ø ED arrests Avantha Group promoter Gautam Thapar in money laundering case
Ø Kumar Mangalam Birla steps down as non-executive chairman of Vodafone Idea
Ø Paytm Money records over Rs 70,000 average investment from 2.1 Lakh demat a/c holders in FY21
Ø Cotton sowing picks up after July’s dry spell
Ø Unlisted InvITs: Sebi puts in place framework for minimum number of unit holders
Ø Sebi gives more time to brokers, clearing members to comply with certain rules
Ø Maruti Suzuki cars have least CO2 emissions: CNG, hybrids the way forward says Chairman
Ø RBI issues framework for outsourcing of activities by Payment System Operators
Ø 'Indian firms supplied defence equipment worth ₹2.02 Lakh Cr since 2018-19'
Mint
Ø Zomato incorporates digital transaction subsidiary Zomato Payments
Ø Unilever is said to kick off sale of large part of tea business
Ø Privatization of banks should not need an alibi
Ø India's HPCL to operate expanded Mumbai refinery at full rate by mid-October
Ø Carlyle-PNB Housing Fin deal gets CCI nod
Ø 'IT services industry growth to accelerate in FY22, Profit margins to moderate'
Ø India's e-commerce market continues to grow at 5% rate per annum, says govt
Ø ESG integration in business will help create long-term value: EY India
Ø Reliance announces doubling of PET bottles recycling capacity
Ø China takes aim at auto chip dealers with global supplies low
Ø Suzuki to cut vehicle production at the Gujarat factory due to chip shortage
Ø Infra.Market raises $125 Million, Valuation soars to $2.5 Billion
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Note: Time ⌚ and Understanding of good Business are the only way to create wealth.
I am not telling those who loose took wrong advice or decision but don't do the same mistake again, and you will see Money will start pouring into Your Portfolio.
🇮🇳Business News Headlines
Economic Times
Ø FPIs cut exposure to Lenders in July amid rising Slippages
Ø BSNL, MTNL reduce losses, liabilities in 2020-21
Ø Voda Idea lenders fret over ‘too big to fail’ telco giant
Ø NSE-BSE bulk deals: Barring Private Equity sells 5.5% stake in Coforge
Ø Inflation rise not structural, rate hike to begin from next June: Report
Ø RBI's policy rates anchored at lows despite inflation: Decision-day Guide
Ø US President Joe Biden to set target for 50% EVs by 2030; industry backs goal
Ø Govt buries retrospective tax; introduces bill in LS to withdraw demands on Cairn, Vodafone
Ø.Government to amend tax laws to provide Covid-related relief
Ø Yes Bank fraud: Delhi Court sends Avantha Group promoter Gautam Thapar to one-day ED custody
Ø Diagnostic chains eye IPO route to raise funds
Business Standard
Ø CII ties up ITC Hotels to launch vocational education in hospitality sector
Ø DoT issues LoI to Bharti's OneWeb for satellite services licence
Ø Premium valuations, pressure on margins may restrict gains in Bosch
Ø Zomato sets up payments aggregator in compliance with RBI guidelines
Ø Reliance BP Mobility bets on EV battery swapping with Swiggy's fleet
Ø Govt scrapping retro tax an 'extremely positive development': Sanjay Tolia
Ø Sebi mulls measures to improve liquidity in exchange-traded funds
Ø Samco receives final approval from Sebi to start its MF business
Ø Chemplast Sanmar IPO to open on Aug 10; price band fixed at Rs 530-541
Ø Bank Nifty adjustment on Friday, several stocks likely to see churn
Financial Express
Ø Edible oil prices to remain high till new crop arrives in November
Ø Yields on most liquid gilts fall on little buying as crude prices trend lower
Ø Voda-Idea collapse a warning to investors
Ø Paytm Money records over Rs 70,000 average investment from 2.1 lakh demat a/c holders in FY21
Ø Sugarcane dues: Supreme Court seeks reply from govt, sugar mills on timely payment plea
Ø Unlisted InvITs: Sebi puts in place framework for minimum number of unit holders
Ø Sebi gives more time to brokers, clearing members to comply with certain rules
Ø Maruti Suzuki cars have least CO2 emissions: CNG, hybrids the way forward says Chairman
Ø L&T continues to focus on shareholder value creation by divesting non-core assets: A M Naik
Ø Efforts on to frame a charter for investors in securities mkt: Sebi chief Ajay Tyagi
Mint
Ø Novelis’ margin expansion keeps outlook firm for Hindalco in Q1
Ø Auto recovery may skid on chip supply shortage
Ø Privatization of banks should not need an alibi
Ø GAIL Q1 result: Net profit grows 500% to ₹1,530 cr as sales, margin rise
Ø Carlyle-PNB Housing Fin deal gets CCI nod
Ø US to set electric-vehicle sales goal of 50% by 2030
Ø India's e-commerce market continues to grow at 5% rate per annum, says govt
Ø Cairn says 'monitoring situation' after India proposes to bury retro tax
Ø Reliance announces doubling of PET bottles recycling capacity
Ø China takes aim at auto chip dealers with global supplies low
Ø Suzuki to cut vehicle production at the Gujarat factory due to chip shortage
Ø RIL Subsidiary invests Rs20 Crore in startup Neolync
Economic Times
Ø FPIs cut exposure to Lenders in July amid rising Slippages
Ø BSNL, MTNL reduce losses, liabilities in 2020-21
Ø Voda Idea lenders fret over ‘too big to fail’ telco giant
Ø NSE-BSE bulk deals: Barring Private Equity sells 5.5% stake in Coforge
Ø Inflation rise not structural, rate hike to begin from next June: Report
Ø RBI's policy rates anchored at lows despite inflation: Decision-day Guide
Ø US President Joe Biden to set target for 50% EVs by 2030; industry backs goal
Ø Govt buries retrospective tax; introduces bill in LS to withdraw demands on Cairn, Vodafone
Ø.Government to amend tax laws to provide Covid-related relief
Ø Yes Bank fraud: Delhi Court sends Avantha Group promoter Gautam Thapar to one-day ED custody
Ø Diagnostic chains eye IPO route to raise funds
Business Standard
Ø CII ties up ITC Hotels to launch vocational education in hospitality sector
Ø DoT issues LoI to Bharti's OneWeb for satellite services licence
Ø Premium valuations, pressure on margins may restrict gains in Bosch
Ø Zomato sets up payments aggregator in compliance with RBI guidelines
Ø Reliance BP Mobility bets on EV battery swapping with Swiggy's fleet
Ø Govt scrapping retro tax an 'extremely positive development': Sanjay Tolia
Ø Sebi mulls measures to improve liquidity in exchange-traded funds
Ø Samco receives final approval from Sebi to start its MF business
Ø Chemplast Sanmar IPO to open on Aug 10; price band fixed at Rs 530-541
Ø Bank Nifty adjustment on Friday, several stocks likely to see churn
Financial Express
Ø Edible oil prices to remain high till new crop arrives in November
Ø Yields on most liquid gilts fall on little buying as crude prices trend lower
Ø Voda-Idea collapse a warning to investors
Ø Paytm Money records over Rs 70,000 average investment from 2.1 lakh demat a/c holders in FY21
Ø Sugarcane dues: Supreme Court seeks reply from govt, sugar mills on timely payment plea
Ø Unlisted InvITs: Sebi puts in place framework for minimum number of unit holders
Ø Sebi gives more time to brokers, clearing members to comply with certain rules
Ø Maruti Suzuki cars have least CO2 emissions: CNG, hybrids the way forward says Chairman
Ø L&T continues to focus on shareholder value creation by divesting non-core assets: A M Naik
Ø Efforts on to frame a charter for investors in securities mkt: Sebi chief Ajay Tyagi
Mint
Ø Novelis’ margin expansion keeps outlook firm for Hindalco in Q1
Ø Auto recovery may skid on chip supply shortage
Ø Privatization of banks should not need an alibi
Ø GAIL Q1 result: Net profit grows 500% to ₹1,530 cr as sales, margin rise
Ø Carlyle-PNB Housing Fin deal gets CCI nod
Ø US to set electric-vehicle sales goal of 50% by 2030
Ø India's e-commerce market continues to grow at 5% rate per annum, says govt
Ø Cairn says 'monitoring situation' after India proposes to bury retro tax
Ø Reliance announces doubling of PET bottles recycling capacity
Ø China takes aim at auto chip dealers with global supplies low
Ø Suzuki to cut vehicle production at the Gujarat factory due to chip shortage
Ø RIL Subsidiary invests Rs20 Crore in startup Neolync