🇮🇳Business News Headlines
Economic Times
Ø PNB Housing Finance plans Rs 35,000 Cr Debt Capital as Carlyle deal hangs fire
Ø Vedanta commits to invest $20 Billion across its Businesses
Ø GMR Infra plans to raise Rs 6,000 Crore
Ø Concor EOI to be issued soon, Centre to exit from PPL in FY22
Ø Jio may not be able to replicate Indian success in Europe: UBS
Ø Sebi eases Operational Procedure to make fee payments
Ø RIL makes Clean Energy move with $50 Million deal
Ø RBI looks to cut red tape to let cos raise funds overseas
Ø Retro tax: Cairn Energy Executives to meet finance ministry officials soon
Ø India to list LIC by current fiscal year end, says govt official
Ø Privatisation of PSUs back on track after COVID-induced setback: DIPAM Secy
Business Standard
Ø Margin Pressure may continue for MRF led by raw material costs, product mix
Ø India will fast track trade deals with six nations: Commerce Secretary
Ø Govt expecting very robust tax revenue this fiscal: Revenue Secy
Ø Govt will finish Air India, BPCL privatisation this fiscal: DIPAM Secretary
Ø YES Bank eyes own asset reconstruction company, invites EoIs from investors
Ø L&T sells Singoli-Bhatwari hydro project to Renew Power for Rs 985 cr
Ø Asset-right strategy to drive ITC's game-plan for hotels post Covid: MD
Ø Companies fight to protect margins as inflation reaches tipping point
Ø Margin pressure may continue for MRF led by raw material costs, product mix
Ø Telecom needs 'long overdue support' to keep 3+1 structure: Sunil Mittal
Financial Express
Ø PNB Housing Finance plans Rs 35,000 crore debt capital as Carlyle deal hangs fire
Ø Kharif sowing may remain 1 pc lower than last year on erratic rainfall: Report
Ø Economy picking up pace, industry needs to increase risk taking appetite: PM Modi at CII Annual Meeting
Ø Warburg Pincus backed Fusion Microfinance files draft IPO papers with SEBI; will raise over Rs 600 cr
Ø Govt expecting very robust tax revenue this fiscal: Revenue Secretary Tarun Bajaj
Ø Benchmark bond yield falls as crude oil prices soften
Ø RBI to pump Rs 50,000 crore via G-SAP 2.0 in August
Ø Chris Wood not giving up on US gold and gold mining stocks; may add Bitcoin holdings if prices fall
Ø Lenders in talks with Future Group to find alternatives
Ø Yields rise on CPI revision, liquidity normalisation move
Mint
Ø ‘Indian capital is taking more risks than global funds today’
Ø Fintechs got $2 bn in investments in Jan-Jun
Ø Privatization of banks should not need an alibi
Ø Oracle set to expand cloud services to public sector business
Ø Vedanta to invest upto $20 billion across businesses: Agarwal
Ø Finance Ministry releases ₹9,871 cr to 17 states as revenue deficit grant
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 Second covid wave dents Trent’s Q1 but recovery is gathering pace
Ø BSE's India INX to allow trading in foreign stocks
Ø Oil falls after US calls on OPEC+ to boost production
Economic Times
Ø PNB Housing Finance plans Rs 35,000 Cr Debt Capital as Carlyle deal hangs fire
Ø Vedanta commits to invest $20 Billion across its Businesses
Ø GMR Infra plans to raise Rs 6,000 Crore
Ø Concor EOI to be issued soon, Centre to exit from PPL in FY22
Ø Jio may not be able to replicate Indian success in Europe: UBS
Ø Sebi eases Operational Procedure to make fee payments
Ø RIL makes Clean Energy move with $50 Million deal
Ø RBI looks to cut red tape to let cos raise funds overseas
Ø Retro tax: Cairn Energy Executives to meet finance ministry officials soon
Ø India to list LIC by current fiscal year end, says govt official
Ø Privatisation of PSUs back on track after COVID-induced setback: DIPAM Secy
Business Standard
Ø Margin Pressure may continue for MRF led by raw material costs, product mix
Ø India will fast track trade deals with six nations: Commerce Secretary
Ø Govt expecting very robust tax revenue this fiscal: Revenue Secy
Ø Govt will finish Air India, BPCL privatisation this fiscal: DIPAM Secretary
Ø YES Bank eyes own asset reconstruction company, invites EoIs from investors
Ø L&T sells Singoli-Bhatwari hydro project to Renew Power for Rs 985 cr
Ø Asset-right strategy to drive ITC's game-plan for hotels post Covid: MD
Ø Companies fight to protect margins as inflation reaches tipping point
Ø Margin pressure may continue for MRF led by raw material costs, product mix
Ø Telecom needs 'long overdue support' to keep 3+1 structure: Sunil Mittal
Financial Express
Ø PNB Housing Finance plans Rs 35,000 crore debt capital as Carlyle deal hangs fire
Ø Kharif sowing may remain 1 pc lower than last year on erratic rainfall: Report
Ø Economy picking up pace, industry needs to increase risk taking appetite: PM Modi at CII Annual Meeting
Ø Warburg Pincus backed Fusion Microfinance files draft IPO papers with SEBI; will raise over Rs 600 cr
Ø Govt expecting very robust tax revenue this fiscal: Revenue Secretary Tarun Bajaj
Ø Benchmark bond yield falls as crude oil prices soften
Ø RBI to pump Rs 50,000 crore via G-SAP 2.0 in August
Ø Chris Wood not giving up on US gold and gold mining stocks; may add Bitcoin holdings if prices fall
Ø Lenders in talks with Future Group to find alternatives
Ø Yields rise on CPI revision, liquidity normalisation move
Mint
Ø ‘Indian capital is taking more risks than global funds today’
Ø Fintechs got $2 bn in investments in Jan-Jun
Ø Privatization of banks should not need an alibi
Ø Oracle set to expand cloud services to public sector business
Ø Vedanta to invest upto $20 billion across businesses: Agarwal
Ø Finance Ministry releases ₹9,871 cr to 17 states as revenue deficit grant
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 Second covid wave dents Trent’s Q1 but recovery is gathering pace
Ø BSE's India INX to allow trading in foreign stocks
Ø Oil falls after US calls on OPEC+ to boost production
🇮🇳Business News Headlines
Economic Times
Ø CCI directs Grasim Industries to cease, desist from unfair biz ways; co to appeal against order
Ø Cipla gets USFDA nod for generic product
Ø Hanwha Systems invests Rs 2,228 Cr in Bharti-backed OneWeb for 8.8% share
Ø Tatas to realign private equity business, close key fund
Ø NTPC plans to raise term loans worth up to Rs 5,000 crore
Ø Tata Power, Saudi Arabia's AlJomaih lowest bidders for MP solar projects
Ø Vodafone open to settling retrospective tax row with India
Ø CIL's auction booking up 29% in Apr-Jul’21 as global coal prices soar
Ø ITC open to demerge hotels biz, list IT arm: Puri
Ø Vedanta committed to bring in investments of up to $20 billion across businesses: Agarwal
Ø Unlisted HDFC Securities shares double in 12 months on discount arm plan
Business Standard
Ø Airlines can operate maximum of 72.5% Pre-Covid domestic flights: Govt
Ø JB Chemicals & Pharmaceuticals posts Rs 119 crore profit April-June
Ø Coal India to pump in Rs 14,000 Crore in first-mile connectivity projects
Ø Vedanta shareholders oppose reappointment of former Sebi chief U K Sinha
Ø Tata Power Solar gets Rs 386-crore PV plant project in Ladakh
Ø Indian FMCG industry clocks 37% value-based growth in Apr-Jun qtr: Report
Ø India's sugar exports touch 5.11 mn tonnes so far this year: AISTA
Ø NSE to go live with top 50 US stocks in first phase at GIFT City
Ø India Companies seal 181 deals worth $13.2 billion in July: Report
Ø Telecom needs 'long overdue support' to keep 3+1 structure: Sunil Mittal
Financial Express
Ø Edelweiss Wealth Management aims to raise USD 1 Billion in late-stage, pre-IPO PE fund
Ø Zomato divests stake in Nextable Inc for $100,000
Ø Price guarantee, higher input subsidy among planned support to oil palm farmers
Ø Warburg Pincus backed Fusion Microfinance files draft IPO papers with SEBI; will raise over Rs 600 cr
Ø BSE’s India INX to allow trading in foreign stocks
Ø Sebi merges debt securities rules into single regulation
Ø RBI to pump Rs 50,000 crore via G-SAP 2.0 in August
Ø BSE aims at 60 SME listings in 2021-22
Ø Sebi fines 11 entities for violations related to dealing in Videocon Industries shares
Ø Yields rise on CPI revision, liquidity normalisation move
Mint
Ø FMCG sector’s value growth pegged at 37% in June quarter
Ø Tata Power Solar gets ₹386 Cr Leh project
Ø Privatization of banks should not need an alibi
Ø Power ministry urges switch to prepaid smart meters as govt's discom dues rise
Ø IIP eases to 13.6% in July as base effect softens
Ø Finance Ministry releases ₹9,871 cr to 17 states as revenue deficit grant
Ø India's e-commerce market continues to grow at 5% rate per annum, says govt
Ø ITC to invest around ₹14,851 Cr under Next strategy, to look for acquisitions
Ø Reliance announces doubling of PET bottles recycling capacity
Ø Coal India Q1 e-auction sales up 87% at Rs4,700 Crore
Ø BSE's India INX to allow trading in foreign stocks
Ø DCB Bank empanelled as Agency Bank by RBI
Economic Times
Ø CCI directs Grasim Industries to cease, desist from unfair biz ways; co to appeal against order
Ø Cipla gets USFDA nod for generic product
Ø Hanwha Systems invests Rs 2,228 Cr in Bharti-backed OneWeb for 8.8% share
Ø Tatas to realign private equity business, close key fund
Ø NTPC plans to raise term loans worth up to Rs 5,000 crore
Ø Tata Power, Saudi Arabia's AlJomaih lowest bidders for MP solar projects
Ø Vodafone open to settling retrospective tax row with India
Ø CIL's auction booking up 29% in Apr-Jul’21 as global coal prices soar
Ø ITC open to demerge hotels biz, list IT arm: Puri
Ø Vedanta committed to bring in investments of up to $20 billion across businesses: Agarwal
Ø Unlisted HDFC Securities shares double in 12 months on discount arm plan
Business Standard
Ø Airlines can operate maximum of 72.5% Pre-Covid domestic flights: Govt
Ø JB Chemicals & Pharmaceuticals posts Rs 119 crore profit April-June
Ø Coal India to pump in Rs 14,000 Crore in first-mile connectivity projects
Ø Vedanta shareholders oppose reappointment of former Sebi chief U K Sinha
Ø Tata Power Solar gets Rs 386-crore PV plant project in Ladakh
Ø Indian FMCG industry clocks 37% value-based growth in Apr-Jun qtr: Report
Ø India's sugar exports touch 5.11 mn tonnes so far this year: AISTA
Ø NSE to go live with top 50 US stocks in first phase at GIFT City
Ø India Companies seal 181 deals worth $13.2 billion in July: Report
Ø Telecom needs 'long overdue support' to keep 3+1 structure: Sunil Mittal
Financial Express
Ø Edelweiss Wealth Management aims to raise USD 1 Billion in late-stage, pre-IPO PE fund
Ø Zomato divests stake in Nextable Inc for $100,000
Ø Price guarantee, higher input subsidy among planned support to oil palm farmers
Ø Warburg Pincus backed Fusion Microfinance files draft IPO papers with SEBI; will raise over Rs 600 cr
Ø BSE’s India INX to allow trading in foreign stocks
Ø Sebi merges debt securities rules into single regulation
Ø RBI to pump Rs 50,000 crore via G-SAP 2.0 in August
Ø BSE aims at 60 SME listings in 2021-22
Ø Sebi fines 11 entities for violations related to dealing in Videocon Industries shares
Ø Yields rise on CPI revision, liquidity normalisation move
Mint
Ø FMCG sector’s value growth pegged at 37% in June quarter
Ø Tata Power Solar gets ₹386 Cr Leh project
Ø Privatization of banks should not need an alibi
Ø Power ministry urges switch to prepaid smart meters as govt's discom dues rise
Ø IIP eases to 13.6% in July as base effect softens
Ø Finance Ministry releases ₹9,871 cr to 17 states as revenue deficit grant
Ø India's e-commerce market continues to grow at 5% rate per annum, says govt
Ø ITC to invest around ₹14,851 Cr under Next strategy, to look for acquisitions
Ø Reliance announces doubling of PET bottles recycling capacity
Ø Coal India Q1 e-auction sales up 87% at Rs4,700 Crore
Ø BSE's India INX to allow trading in foreign stocks
Ø DCB Bank empanelled as Agency Bank by RBI
Remember my Words Tata Motors will be No. 2 Passenger Vehicle Seller in India 🇮🇳in coming Years and One of the TOP Electric 🔌⚡ Vehicle Seller Company in the World.
By this fiscal end they are planning to open 250 Outlets.
These are the sign to measure company performance. It will reflect in Balance Sheet in coming Years.
Note: Time Needed to See Capital Appreciation in Your Portfolio and Be ready to see the Momentum. If you are not comfortable with above two no need to invest as you sell in losses and again buy at TOP.
By this fiscal end they are planning to open 250 Outlets.
These are the sign to measure company performance. It will reflect in Balance Sheet in coming Years.
Note: Time Needed to See Capital Appreciation in Your Portfolio and Be ready to see the Momentum. If you are not comfortable with above two no need to invest as you sell in losses and again buy at TOP.
🇮🇳Business News Headlines
Economic Times
Ø Tata Motors lines up new models, to add 250 Sales outlets
Ø IOC to Reliance, India's Hydrogen push gains traction
Ø Usha International eyes 40% Retail Sales Growth this fiscal
Ø Baring Asia in talks to raise $600 Million offshore debt to finance Hinduja Global buy
Ø Bank of Maharashtra tops PSU peers in Q1 loan, Saving deposit growth
Ø Paradeep Phosphates files IPO Papers with Sebi
Ø Vodafone open to settling retrospective tax row with India
Ø CIL's auction booking up 29% in Apr-Jul’21 as global coal prices soar
Ø Finance Minister Nirmala Sitharaman to meet CEOs of Public sector banks on August 25
Ø DGH overhauls approval processes for oil, gas fields
Ø All two-wheelers sold in India should be electric by 2025: Ola CEO Bhavish Aggarwal
Business Standard
Ø Domestic Flat Steel prices unlikely to go up anytime soon: Tata Steel CEO
Ø Govt's Rs 100 Trn Infra plan to ensure all-round development: Industry
Ø Over 5 Million investor registrations since April this year: NSE Chief
Ø Retro tax scrapping revived foreign interest in India's privatisation plan
Ø FPIs invest Rs 2,085 Crore in Indian equities so far in August
Ø Vi lost 12.4 Mn subscribers in the first quarter, most since March-end 2020
Ø Govt may set up independent regulatory authority for e-commerce sector
Ø Sebi decides on marking lien on demat accounts
Ø Market intelligence platform Tracxn Technologies files IPO papers with Sebi
Ø Go Fashion files IPO papers with Sebi, plans to raise Rs 125 Cr
Financial Express
Ø Pandemic hits India's prospects to become $5 Trn economy by FY25: Economist
Ø Key tax refund scheme for garment exporters extended
Ø Govt woos US investors to explore opportunities in power, renewable energy sector
Ø Sebi revises format for promoters, promoter group entities’ shareholding disclosure
Ø BSE’s India INX to allow trading in foreign stocks
Ø NBFCs raise record amount via commercial papers to fund IPOs
Ø RBI to pump Rs 50,000 Crore via G-SAP 2.0 in August
Ø BSE aims at 60 SME listings in 2021-22
Ø Sebi fines 11 entities for violations related to dealing in Videocon Industries shares
Ø Sequoia Capital-backed ixigo files IPO papers with SEBI; looks to raise Rs 1,600 Crore
Mint
Ø PM Modi to unveil $1.35 Trillion Infrastructure plan
Ø Tata Power Solar gets ₹386 cr Leh Project
Ø Blackstone offers to pay part of exit proceeds to key employees of Sona Comstar
Ø Tata Motors to launch new Micro SUV Hornbill soon
Ø India's $5 Trillion Economy Goal by FY25 is at risk
Ø LatentView Analytics files draft papers to raise ₹600 Crore via IPO
Ø ONGC looks at acquisitions to achieve 10 GW Renewable capacity by 2040
Ø Just Dial shareholders approve Reliance investment in EGM
Ø Reliance announces doubling of PET Bottles recycling capacity
Ø Vehicle scrappage policy could boost Auto Sales going forward
Ø Cigarette companies are caught between death and taxes
Ø India on track to achieve 450 GW Renewable Energy target by 2030: Power Minister
Economic Times
Ø Tata Motors lines up new models, to add 250 Sales outlets
Ø IOC to Reliance, India's Hydrogen push gains traction
Ø Usha International eyes 40% Retail Sales Growth this fiscal
Ø Baring Asia in talks to raise $600 Million offshore debt to finance Hinduja Global buy
Ø Bank of Maharashtra tops PSU peers in Q1 loan, Saving deposit growth
Ø Paradeep Phosphates files IPO Papers with Sebi
Ø Vodafone open to settling retrospective tax row with India
Ø CIL's auction booking up 29% in Apr-Jul’21 as global coal prices soar
Ø Finance Minister Nirmala Sitharaman to meet CEOs of Public sector banks on August 25
Ø DGH overhauls approval processes for oil, gas fields
Ø All two-wheelers sold in India should be electric by 2025: Ola CEO Bhavish Aggarwal
Business Standard
Ø Domestic Flat Steel prices unlikely to go up anytime soon: Tata Steel CEO
Ø Govt's Rs 100 Trn Infra plan to ensure all-round development: Industry
Ø Over 5 Million investor registrations since April this year: NSE Chief
Ø Retro tax scrapping revived foreign interest in India's privatisation plan
Ø FPIs invest Rs 2,085 Crore in Indian equities so far in August
Ø Vi lost 12.4 Mn subscribers in the first quarter, most since March-end 2020
Ø Govt may set up independent regulatory authority for e-commerce sector
Ø Sebi decides on marking lien on demat accounts
Ø Market intelligence platform Tracxn Technologies files IPO papers with Sebi
Ø Go Fashion files IPO papers with Sebi, plans to raise Rs 125 Cr
Financial Express
Ø Pandemic hits India's prospects to become $5 Trn economy by FY25: Economist
Ø Key tax refund scheme for garment exporters extended
Ø Govt woos US investors to explore opportunities in power, renewable energy sector
Ø Sebi revises format for promoters, promoter group entities’ shareholding disclosure
Ø BSE’s India INX to allow trading in foreign stocks
Ø NBFCs raise record amount via commercial papers to fund IPOs
Ø RBI to pump Rs 50,000 Crore via G-SAP 2.0 in August
Ø BSE aims at 60 SME listings in 2021-22
Ø Sebi fines 11 entities for violations related to dealing in Videocon Industries shares
Ø Sequoia Capital-backed ixigo files IPO papers with SEBI; looks to raise Rs 1,600 Crore
Mint
Ø PM Modi to unveil $1.35 Trillion Infrastructure plan
Ø Tata Power Solar gets ₹386 cr Leh Project
Ø Blackstone offers to pay part of exit proceeds to key employees of Sona Comstar
Ø Tata Motors to launch new Micro SUV Hornbill soon
Ø India's $5 Trillion Economy Goal by FY25 is at risk
Ø LatentView Analytics files draft papers to raise ₹600 Crore via IPO
Ø ONGC looks at acquisitions to achieve 10 GW Renewable capacity by 2040
Ø Just Dial shareholders approve Reliance investment in EGM
Ø Reliance announces doubling of PET Bottles recycling capacity
Ø Vehicle scrappage policy could boost Auto Sales going forward
Ø Cigarette companies are caught between death and taxes
Ø India on track to achieve 450 GW Renewable Energy target by 2030: Power Minister
🇮🇳Business News Headlines
Economic Times
Ø Vodafone Idea Q1 Results point to Default risk amid weakening cash flows: Analysts
Ø Royal Enfield not taking EV Route for now, says Lal
Ø Tata Steel is in ‘no hurry’ to find buyers for Europe Business
Ø Success of new SUV launches will be key for M&M’s stock rerating
Ø China blue-chips slip as growth outlook falters
Ø Paytm staff eye Rs 600-Crore ESOP share conversion ahead of IPO
Ø Tata Motors partners with Bank of Maharashtra for passenger vehicle retail financing scheme
Ø Auto sector fears higher GST rate on certain parts after Supreme Court ruling
Ø Finance Minister Nirmala Sitharaman to meet CEOs of public sector banks on August 25
Ø DGH overhauls approval processes for oil, gas fields
Ø Tyre industry body ATMA urges government to allow duty-free import of natural rubber
Business Standard
Ø LIC, EPFO keen to set up fund for startups, says DPIIT official
Ø Ajmera Realty expects Rs 4,000 Cr revenue in 3-4 years from 7 projects
Ø Adani Group to acquire MBCPNL portfolio from Sadbhav Infra for Rs 1,680 Cr
Ø Poonawalla Fincorp plans to triple AUM to Rs 45,000 Cr by 2025
Ø Lupin gets tentative nod from USFDA to market partial-onset seizures drug
Ø Tariff hike key to Sector revival, says Vodafone Idea CEO Ravinder Takkar
Ø Aramco in advanced talks to buy stock worth $25 bn in Reliance
Ø Power ministry circulates draft rules on clean energy, seeks comments
Ø PE/VC investments touch all-time high of $9.5 Bn in July
Ø Latent View files draft papers with SEBI to raise Rs 600 Cr via IPO
Financial Express
Ø Afghanistan situation to impact trade with India: Exporters
Ø FM Nirmala Sitharaman says rules on retro tax to be framed soon
Ø WPI inflation eases to 11.16 pc in July; food, crude prices soften
Ø Sebi revises format for promoters, promoter group entities’ shareholding disclosure
Ø NCDEX launches futures contract on NCDEX GUAREX
Ø NBFCs raise record amount via commercial papers to fund IPOs
Ø RBI to pump Rs 50,000 Crore via G-SAP 2.0 in August
Ø BSE aims at 60 SME listings in 2021-22
Ø Sebi fines 11 Entities for violations related to dealing in Videocon Industries shares
Ø NBFCs raise record amount via commercial papers to fund IPOs
Mint
Ø Power ministry circulates draft rules on clean energy
Ø Tata Power Solar gets ₹386 Cr Leh project
Ø Blackstone offers to pay part of exit proceeds to key employees of Sona Comstar
Ø Microfinance Sector reports 14% sequential drop in loan portfolio in Q1
Ø India's $5 Trillion Economy goal by FY25 is at risk
Ø LatentView Analytics files draft papers to raise ₹600 Crore via IPO
Ø ONGC looks at acquisitions to achieve 10 GW Renewable capacity by 2040
Ø Just Dial Shareholders approve Reliance investment in EGM
Ø Reliance announces doubling of PET Bottles recycling capacity
Ø Vehicle Scrappage Policy could boost Auto sales going forward
Ø Cigarette Companies are caught between Death and Taxes
Ø India on Track to achieve 450 GW Renewable Energy target by 2030: Power Minister
Economic Times
Ø Vodafone Idea Q1 Results point to Default risk amid weakening cash flows: Analysts
Ø Royal Enfield not taking EV Route for now, says Lal
Ø Tata Steel is in ‘no hurry’ to find buyers for Europe Business
Ø Success of new SUV launches will be key for M&M’s stock rerating
Ø China blue-chips slip as growth outlook falters
Ø Paytm staff eye Rs 600-Crore ESOP share conversion ahead of IPO
Ø Tata Motors partners with Bank of Maharashtra for passenger vehicle retail financing scheme
Ø Auto sector fears higher GST rate on certain parts after Supreme Court ruling
Ø Finance Minister Nirmala Sitharaman to meet CEOs of public sector banks on August 25
Ø DGH overhauls approval processes for oil, gas fields
Ø Tyre industry body ATMA urges government to allow duty-free import of natural rubber
Business Standard
Ø LIC, EPFO keen to set up fund for startups, says DPIIT official
Ø Ajmera Realty expects Rs 4,000 Cr revenue in 3-4 years from 7 projects
Ø Adani Group to acquire MBCPNL portfolio from Sadbhav Infra for Rs 1,680 Cr
Ø Poonawalla Fincorp plans to triple AUM to Rs 45,000 Cr by 2025
Ø Lupin gets tentative nod from USFDA to market partial-onset seizures drug
Ø Tariff hike key to Sector revival, says Vodafone Idea CEO Ravinder Takkar
Ø Aramco in advanced talks to buy stock worth $25 bn in Reliance
Ø Power ministry circulates draft rules on clean energy, seeks comments
Ø PE/VC investments touch all-time high of $9.5 Bn in July
Ø Latent View files draft papers with SEBI to raise Rs 600 Cr via IPO
Financial Express
Ø Afghanistan situation to impact trade with India: Exporters
Ø FM Nirmala Sitharaman says rules on retro tax to be framed soon
Ø WPI inflation eases to 11.16 pc in July; food, crude prices soften
Ø Sebi revises format for promoters, promoter group entities’ shareholding disclosure
Ø NCDEX launches futures contract on NCDEX GUAREX
Ø NBFCs raise record amount via commercial papers to fund IPOs
Ø RBI to pump Rs 50,000 Crore via G-SAP 2.0 in August
Ø BSE aims at 60 SME listings in 2021-22
Ø Sebi fines 11 Entities for violations related to dealing in Videocon Industries shares
Ø NBFCs raise record amount via commercial papers to fund IPOs
Mint
Ø Power ministry circulates draft rules on clean energy
Ø Tata Power Solar gets ₹386 Cr Leh project
Ø Blackstone offers to pay part of exit proceeds to key employees of Sona Comstar
Ø Microfinance Sector reports 14% sequential drop in loan portfolio in Q1
Ø India's $5 Trillion Economy goal by FY25 is at risk
Ø LatentView Analytics files draft papers to raise ₹600 Crore via IPO
Ø ONGC looks at acquisitions to achieve 10 GW Renewable capacity by 2040
Ø Just Dial Shareholders approve Reliance investment in EGM
Ø Reliance announces doubling of PET Bottles recycling capacity
Ø Vehicle Scrappage Policy could boost Auto sales going forward
Ø Cigarette Companies are caught between Death and Taxes
Ø India on Track to achieve 450 GW Renewable Energy target by 2030: Power Minister
🇮🇳Business News Headlines
Economic Times
Ø RBI lifts ban on HDFC Bank issuing Credit Cards
Ø Motorola expects India business to grow at least in triple digits
Ø India's investment in US Treasuries goes up 10 per cent in three months
Ø SBI Card raises Rs 500 cr by issuing bonds
Ø India likely to withdraw sugar export subsidies from new season
Ø NPS' non-govt subscriber base crosses 30 lakh-mark; corpus to hit Rs 1 Lakh Cr soon: PFRDA
Ø Relief for Exporters: Govt notifies rates, guidelines for 8,555 products under Export Promotion scheme RoDTEP
Ø HCL Technologies has signs five year deal with German chemical firm Wacker Chemie AG
Ø Bharat Dynamics, MBDA sign pact to set up facility for Air-to-Air Missile in Telangana
Ø Walmart beats US sales estimates, raises forecast as people return to stores
Ø Tata Power-DDL, Siemens Limited tie up for deploying 2 lakh smart electricity metres
Ø JSW Infra plans Rs 10,000 Crore Capex, to raise $400 million via bond issue
Ø Serum Institute buys 50% stake in packaging JV SCHOTT Kaisha
Ø Digital health startup Navia Life Care raises $1 Million in funding
Ø Klub gets $20 million funding, to deploy Rs 500 crore for local brands
Business Standard
Ø Inflation has peaked and is likely to stabilise going forward: RBI
Ø India asks US court to reject Cairn Energy's $1.2 Billion suit
Ø SpiceJet kicks off cargo business sale; valuation at Rs 2,500 Crore
Ø HAL inks Rs 5,375 Cr contract for supply of engines for Tejas aircraft
Ø ReNew Power to list on Nasdaq this month, RMG investors approve merger
Ø 8 Law firms in race to advise on sale of Govt's 45.48% stake in IDBI Bank
Ø Cognizant acquires a digital engg firm, its sixth acquisition in 2021
Ø USFDA's drug approvals for Indian firms halved in H1CY21: Report
Ø Flipkart adds new facilities in Maharashtra, to create 4,000 Jobs
Ø 80% fee cut for recognised institutes applying for patents: Piyush Goyal
Ø Auto-debit bounces dip in July as financial stress eases for borrowers
Ø RateGain Travel files draft papers with Sebi to raise funds via IPO
Ø 84% in BofA Fund manager survey says US Fed will signal taper by year end
Ø Six Franklin MF shuttered schemes have Rs 1,981 Cr cash for distribution
Ø Sebi cuts Lock-in period for promoters to 18 months post-IPO
Ø UK lifts 'all but essential' travel advice for India as Covid pressure ebbs
Financial Express
Ø Vodafone Idea tweaks prepaid tariffs to boost realisations
Ø Supreme Court refuses to entertain banks’ plea for RTI exemption
Ø Three firms submit bids for Reliance Naval and Engineering
Ø Intel announces high-performance consumer GPU brand Intel Arc
Ø Samsung partners NSDC to train 50,000 youth for electronics retail sector
Ø Agri-start up Agdhi bags $70,000 Grant for ‘SeedVision’
Ø Retail sales touch 72 per cent of pre-pandemic levels; businesses eye festive season boost: RAI
Ø MyGlamm acquires BabyChakra, to invest Rs 100 cr in mom-baby content-to-commerce platform
Ø Inflation likely to stabilise rest of the year: RBI's August bulletin
Mint
Ø Govt mulls proposal to bring LLPs, PSBs under CSR ambit
Ø ICMR Projects export of 62 Crore Covid testing kits between July and September
Ø MedPlus Health Services files DRHP for ₹1,639 Cr IPO
Ø India's Cumulative COVID-19 Vaccination coverage crosses 56 Crore mark
Ø Centre announces ₹1,300 Crore Covid response package for Northeast
Ø Indian arbitrator asks Renault-Nissan to pay workers ₹70.84 Crore interim dues
Ø Oxford Properties to buy $2.2 Billion in industrial properties from KKR
Ø Canara Bank opens ₹2,500 crore QIP; floor price set at ₹155.58 per share
Ø BHP bets on lower-carbon world with petroleum exit, $5.7 Billion Potash project
Ø Pfizer to sell $1 Billion bond to help fund Covid-19 vaccine production
Economic Times
Ø RBI lifts ban on HDFC Bank issuing Credit Cards
Ø Motorola expects India business to grow at least in triple digits
Ø India's investment in US Treasuries goes up 10 per cent in three months
Ø SBI Card raises Rs 500 cr by issuing bonds
Ø India likely to withdraw sugar export subsidies from new season
Ø NPS' non-govt subscriber base crosses 30 lakh-mark; corpus to hit Rs 1 Lakh Cr soon: PFRDA
Ø Relief for Exporters: Govt notifies rates, guidelines for 8,555 products under Export Promotion scheme RoDTEP
Ø HCL Technologies has signs five year deal with German chemical firm Wacker Chemie AG
Ø Bharat Dynamics, MBDA sign pact to set up facility for Air-to-Air Missile in Telangana
Ø Walmart beats US sales estimates, raises forecast as people return to stores
Ø Tata Power-DDL, Siemens Limited tie up for deploying 2 lakh smart electricity metres
Ø JSW Infra plans Rs 10,000 Crore Capex, to raise $400 million via bond issue
Ø Serum Institute buys 50% stake in packaging JV SCHOTT Kaisha
Ø Digital health startup Navia Life Care raises $1 Million in funding
Ø Klub gets $20 million funding, to deploy Rs 500 crore for local brands
Business Standard
Ø Inflation has peaked and is likely to stabilise going forward: RBI
Ø India asks US court to reject Cairn Energy's $1.2 Billion suit
Ø SpiceJet kicks off cargo business sale; valuation at Rs 2,500 Crore
Ø HAL inks Rs 5,375 Cr contract for supply of engines for Tejas aircraft
Ø ReNew Power to list on Nasdaq this month, RMG investors approve merger
Ø 8 Law firms in race to advise on sale of Govt's 45.48% stake in IDBI Bank
Ø Cognizant acquires a digital engg firm, its sixth acquisition in 2021
Ø USFDA's drug approvals for Indian firms halved in H1CY21: Report
Ø Flipkart adds new facilities in Maharashtra, to create 4,000 Jobs
Ø 80% fee cut for recognised institutes applying for patents: Piyush Goyal
Ø Auto-debit bounces dip in July as financial stress eases for borrowers
Ø RateGain Travel files draft papers with Sebi to raise funds via IPO
Ø 84% in BofA Fund manager survey says US Fed will signal taper by year end
Ø Six Franklin MF shuttered schemes have Rs 1,981 Cr cash for distribution
Ø Sebi cuts Lock-in period for promoters to 18 months post-IPO
Ø UK lifts 'all but essential' travel advice for India as Covid pressure ebbs
Financial Express
Ø Vodafone Idea tweaks prepaid tariffs to boost realisations
Ø Supreme Court refuses to entertain banks’ plea for RTI exemption
Ø Three firms submit bids for Reliance Naval and Engineering
Ø Intel announces high-performance consumer GPU brand Intel Arc
Ø Samsung partners NSDC to train 50,000 youth for electronics retail sector
Ø Agri-start up Agdhi bags $70,000 Grant for ‘SeedVision’
Ø Retail sales touch 72 per cent of pre-pandemic levels; businesses eye festive season boost: RAI
Ø MyGlamm acquires BabyChakra, to invest Rs 100 cr in mom-baby content-to-commerce platform
Ø Inflation likely to stabilise rest of the year: RBI's August bulletin
Mint
Ø Govt mulls proposal to bring LLPs, PSBs under CSR ambit
Ø ICMR Projects export of 62 Crore Covid testing kits between July and September
Ø MedPlus Health Services files DRHP for ₹1,639 Cr IPO
Ø India's Cumulative COVID-19 Vaccination coverage crosses 56 Crore mark
Ø Centre announces ₹1,300 Crore Covid response package for Northeast
Ø Indian arbitrator asks Renault-Nissan to pay workers ₹70.84 Crore interim dues
Ø Oxford Properties to buy $2.2 Billion in industrial properties from KKR
Ø Canara Bank opens ₹2,500 crore QIP; floor price set at ₹155.58 per share
Ø BHP bets on lower-carbon world with petroleum exit, $5.7 Billion Potash project
Ø Pfizer to sell $1 Billion bond to help fund Covid-19 vaccine production
🇮🇳Business News Headlines
Economic Times
Ø Australian Crypto firm Iris Energy files for direct listing on Nasdaq
Ø GIC Housing Fin to seek shareholders' nod for raising up to Rs 2,500 Cr next month
Ø AU Small Finance Bank shareholders okay Rs 14,500 Cr debt, equity raise plan
Ø Tega Industries files DRHP for IPO with Sebi
Ø Oil steadies as US crude drawdown faces Covid-19 Surge
Ø RBI to conduct OMO of Rs 25,000 Cr G-secs on Aug 26
Ø Cabinet approves Rs 11,040 Cr National Mission on the edible Oils- Oil Palm with focus on North Eastern region
Ø Probus Smart Things raises $500,000 in funding led by Unicorn India Ventures
Ø RaRa Delivery raises $3.25 Million in funding led by Sequoia's Surge, East Ventures
Business Standard
Ø D-Mart owner Radhakishan Damani enters Top 100 Global billionaires' club
Ø Software startup Postman's valuation tops $5.6 Bn after $225 Mn fundraise
Ø IFCI moves NCLT against Videocon debt resolution, wants oil assets included
Ø Amazon, Premji Invest back fintech smallcase in $40 mn funding
Ø Pizza Hut ties up with HUL to add Kwality Wall ice cream, desserts in menu
Ø Xander buys one million sq ft Warehouse in Chennai for Rs 500 Crore
Ø India Inc Credit outlook turns positive, upgrades rise: CRISIL Ratings
Ø India on track to meet Paris Agreement goals, says FM Sitharaman
Ø Exporters want steel, pharmaceuticals sectors under RoDTEP scheme
Ø India's exports rise nearly 40% in second week of August, shows data
Ø ICICI Bank gained more than 1.3 Million credit cards since December
Ø Fundraising through rights issues falls sharply in January-July period
Ø US freezes nearly $9.5 Billion Afghanistan central bank assets: Report
Financial Express
Ø Large Companies check into flexible co-working spaces to cut costs
Ø Rs 90,000-crore discom loss projections for FY21 ‘grossly inflated’: Power ministry
Ø PhonePe gets $50 Million from Tencent but won’t use it for India operations
Ø Affordable Housing to be fulcrum of recovery for housing finance companies: Report
Ø Tata Steel commissions 0.5 MTPA recycling plant in Haryana
Ø PepsiCo aims to be net water positive by 2030
Ø India calls for expanding New Development Bank’s funding horizon
Ø Global Merchandise Trade continues robust recovery from Covid pandemic shock: WTO report
Ø CCEA okays Rs 77.45 Crore for revival of north eastern agri-marketing corp
Ø GDP to expand by deceptively high 20% in Q1, to be lower than pre-COVID levels: Icra
Ø Short-tenor Corporate bond yields fall on mutual funds demand, surplus liquidity
Mint
Ø Fed minutes show most Officials see taper starting this year
Ø GeM eyes supply of vaccines, medicines using Blockchain
Ø AG&P secures $300 Mn from I-Squared
Ø Artpark plans India’s first autonomous vehicle test track
Ø Delhi Govt to shut Single-use Plastic Manufacturing units by June 2022
Ø Accounting Standards and Special Courts to be created for LLPs: MCA
Ø Icra downgrades IndiGo's long term ratings; maintains Negative Outlook
Ø Kotak Mahindra Bank launches DIY Repayment Platform
Ø Govt adopts scheme for Accreditation of Pvt exploration agencies for minerals
Ø RBI issues New Guidelines for Locker in Banks
Ø Orbic Partners with Dixon to make first 5G mm Wave Smartphone for the US Market
Economic Times
Ø Australian Crypto firm Iris Energy files for direct listing on Nasdaq
Ø GIC Housing Fin to seek shareholders' nod for raising up to Rs 2,500 Cr next month
Ø AU Small Finance Bank shareholders okay Rs 14,500 Cr debt, equity raise plan
Ø Tega Industries files DRHP for IPO with Sebi
Ø Oil steadies as US crude drawdown faces Covid-19 Surge
Ø RBI to conduct OMO of Rs 25,000 Cr G-secs on Aug 26
Ø Cabinet approves Rs 11,040 Cr National Mission on the edible Oils- Oil Palm with focus on North Eastern region
Ø Probus Smart Things raises $500,000 in funding led by Unicorn India Ventures
Ø RaRa Delivery raises $3.25 Million in funding led by Sequoia's Surge, East Ventures
Business Standard
Ø D-Mart owner Radhakishan Damani enters Top 100 Global billionaires' club
Ø Software startup Postman's valuation tops $5.6 Bn after $225 Mn fundraise
Ø IFCI moves NCLT against Videocon debt resolution, wants oil assets included
Ø Amazon, Premji Invest back fintech smallcase in $40 mn funding
Ø Pizza Hut ties up with HUL to add Kwality Wall ice cream, desserts in menu
Ø Xander buys one million sq ft Warehouse in Chennai for Rs 500 Crore
Ø India Inc Credit outlook turns positive, upgrades rise: CRISIL Ratings
Ø India on track to meet Paris Agreement goals, says FM Sitharaman
Ø Exporters want steel, pharmaceuticals sectors under RoDTEP scheme
Ø India's exports rise nearly 40% in second week of August, shows data
Ø ICICI Bank gained more than 1.3 Million credit cards since December
Ø Fundraising through rights issues falls sharply in January-July period
Ø US freezes nearly $9.5 Billion Afghanistan central bank assets: Report
Financial Express
Ø Large Companies check into flexible co-working spaces to cut costs
Ø Rs 90,000-crore discom loss projections for FY21 ‘grossly inflated’: Power ministry
Ø PhonePe gets $50 Million from Tencent but won’t use it for India operations
Ø Affordable Housing to be fulcrum of recovery for housing finance companies: Report
Ø Tata Steel commissions 0.5 MTPA recycling plant in Haryana
Ø PepsiCo aims to be net water positive by 2030
Ø India calls for expanding New Development Bank’s funding horizon
Ø Global Merchandise Trade continues robust recovery from Covid pandemic shock: WTO report
Ø CCEA okays Rs 77.45 Crore for revival of north eastern agri-marketing corp
Ø GDP to expand by deceptively high 20% in Q1, to be lower than pre-COVID levels: Icra
Ø Short-tenor Corporate bond yields fall on mutual funds demand, surplus liquidity
Mint
Ø Fed minutes show most Officials see taper starting this year
Ø GeM eyes supply of vaccines, medicines using Blockchain
Ø AG&P secures $300 Mn from I-Squared
Ø Artpark plans India’s first autonomous vehicle test track
Ø Delhi Govt to shut Single-use Plastic Manufacturing units by June 2022
Ø Accounting Standards and Special Courts to be created for LLPs: MCA
Ø Icra downgrades IndiGo's long term ratings; maintains Negative Outlook
Ø Kotak Mahindra Bank launches DIY Repayment Platform
Ø Govt adopts scheme for Accreditation of Pvt exploration agencies for minerals
Ø RBI issues New Guidelines for Locker in Banks
Ø Orbic Partners with Dixon to make first 5G mm Wave Smartphone for the US Market