🇮🇳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
🇮🇳Business News Headlines
Economic Times
Ø Bharti Airtel moves SC with Review Petition in AGR Case
Ø Ujjivan SFB Chief Nitin Chugh steps down due to personal reasons
Ø Hindustan Zinc says No Change in Dividend Policy
Ø AU Small Finance Bank shareholders okay Rs 14,500 cr debt, equity raise plan
Ø GIC Housing Fin to seek shareholders' nod for raising up to Rs 2,500 Cr next month
Ø Institutions reject Lupin’s proposal on ESOPs
Ø Fortis Healthcare: Finally, signs of a turnaround
Ø Vi lenders demand additional collateral on existing loans
Ø Finance Minister Nirmala Sitharaman to meet CEOs of Public Sector banks on August 25
Ø Companies seek Clarity on Imported capital goods’ depreciation
Ø Baba Ramdev's Ruchi Soya gets go ahead from Sebi to float FPO
Business Standard
Ø Upcoming IPOs can add $160 Billion to m-cap: Credit Suisse
Ø Emcure Pharma files Draft paper for Rs 5,000 Cr IPO
Ø DoT to serve show-cause notice on Vodafone Idea over licence fee delay
Ø Well-positioned to handle challenges of another Covid wave: Dabur India
Ø ONGC offers 43 of its fields to operators for enhancing production
Ø Tata Steel announces Rs 270.28 Crore Annual Bonus for 2020-21
Ø TRAI suggests to create separate authorisation for access network provider
Ø Power Ministry circulates draft rules on clean energy, seeks comments
Ø HCL Tech appoints Fabiano Funari as the country head for Brazil
Ø Jet Airways Staff Unions challenge resolution plan, file appeal in NCLAT
Financial Express
Ø FPIs’ investment value in domestic equity surges 7 per cent to $ 592-bn in June quarter
Ø Cabinet nod for Rs 11,040 Crore National Mission on edible oils-oil palm
Ø Analyst Corner – ONGC: Maintain ‘buy’, capex guidance for FY22 at Rs 295bn
Ø HDFC Bank fixes coupon rate of USD 1 billion AT-1 bonds at 3.70%
Ø Tata Steel commissions 0.5 MTPA recycling plant in Haryana
Ø Pizza Hut ties up with HUL to add Kwality Wall's ice cream, desserts in menu
Ø Zomato invests over $100 Million in Grofers
Ø Sterlite Power Transmission files IPO papers with SEBI; Anil Agarwal-led firm looks to raise Rs 1,250-cr
Ø Sebi cuts lock-in period for promoters to 18 months post-IPO
Ø TCS market valuation races past Rs 13 Lakh Cr mark
Mint
Ø Rural consumption strong in Q1 despite blow from Covid 2.0
Ø RBI penalty may deter banks from installing more ATMs
Ø Recapitalization, demand revival to be key for SpiceJet
Ø Karvy Stock Broking Chairman C Parthasarathy held for bank loan default case
Ø L&T Infotech to offer jobs to 4,500 freshers in FY22 amid high attrition
Ø Govt notifies timeline to replace existing meters with smart prepaid meters
Ø ONGC looks at acquisitions to achieve 10 GW renewable capacity by 2040
Ø Mumbai court allows restoration of Nirav Modi's confiscated properties to PNB
Ø HAL signs ₹5,375 Cr contract with US firm for engines to power Tejas jets
Ø Sugar rally could help India to export 6 mn tonnes without subsidy
Ø Copper and Iron Ore tumble as growth fears roil metals markets
Ø India Ratings cuts GDP forecast to 9.4% for FY22
Economic Times
Ø Bharti Airtel moves SC with Review Petition in AGR Case
Ø Ujjivan SFB Chief Nitin Chugh steps down due to personal reasons
Ø Hindustan Zinc says No Change in Dividend Policy
Ø AU Small Finance Bank shareholders okay Rs 14,500 cr debt, equity raise plan
Ø GIC Housing Fin to seek shareholders' nod for raising up to Rs 2,500 Cr next month
Ø Institutions reject Lupin’s proposal on ESOPs
Ø Fortis Healthcare: Finally, signs of a turnaround
Ø Vi lenders demand additional collateral on existing loans
Ø Finance Minister Nirmala Sitharaman to meet CEOs of Public Sector banks on August 25
Ø Companies seek Clarity on Imported capital goods’ depreciation
Ø Baba Ramdev's Ruchi Soya gets go ahead from Sebi to float FPO
Business Standard
Ø Upcoming IPOs can add $160 Billion to m-cap: Credit Suisse
Ø Emcure Pharma files Draft paper for Rs 5,000 Cr IPO
Ø DoT to serve show-cause notice on Vodafone Idea over licence fee delay
Ø Well-positioned to handle challenges of another Covid wave: Dabur India
Ø ONGC offers 43 of its fields to operators for enhancing production
Ø Tata Steel announces Rs 270.28 Crore Annual Bonus for 2020-21
Ø TRAI suggests to create separate authorisation for access network provider
Ø Power Ministry circulates draft rules on clean energy, seeks comments
Ø HCL Tech appoints Fabiano Funari as the country head for Brazil
Ø Jet Airways Staff Unions challenge resolution plan, file appeal in NCLAT
Financial Express
Ø FPIs’ investment value in domestic equity surges 7 per cent to $ 592-bn in June quarter
Ø Cabinet nod for Rs 11,040 Crore National Mission on edible oils-oil palm
Ø Analyst Corner – ONGC: Maintain ‘buy’, capex guidance for FY22 at Rs 295bn
Ø HDFC Bank fixes coupon rate of USD 1 billion AT-1 bonds at 3.70%
Ø Tata Steel commissions 0.5 MTPA recycling plant in Haryana
Ø Pizza Hut ties up with HUL to add Kwality Wall's ice cream, desserts in menu
Ø Zomato invests over $100 Million in Grofers
Ø Sterlite Power Transmission files IPO papers with SEBI; Anil Agarwal-led firm looks to raise Rs 1,250-cr
Ø Sebi cuts lock-in period for promoters to 18 months post-IPO
Ø TCS market valuation races past Rs 13 Lakh Cr mark
Mint
Ø Rural consumption strong in Q1 despite blow from Covid 2.0
Ø RBI penalty may deter banks from installing more ATMs
Ø Recapitalization, demand revival to be key for SpiceJet
Ø Karvy Stock Broking Chairman C Parthasarathy held for bank loan default case
Ø L&T Infotech to offer jobs to 4,500 freshers in FY22 amid high attrition
Ø Govt notifies timeline to replace existing meters with smart prepaid meters
Ø ONGC looks at acquisitions to achieve 10 GW renewable capacity by 2040
Ø Mumbai court allows restoration of Nirav Modi's confiscated properties to PNB
Ø HAL signs ₹5,375 Cr contract with US firm for engines to power Tejas jets
Ø Sugar rally could help India to export 6 mn tonnes without subsidy
Ø Copper and Iron Ore tumble as growth fears roil metals markets
Ø India Ratings cuts GDP forecast to 9.4% for FY22
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🇮🇳Business News Headlines
Economic Times
Ø Karnataka Bank plans to raise Rs 6,000 Cr via debt
Ø FPIs invest Rs 5,001 Cr in Indian equities so far in August
Ø Three insurance-related firms to raise Rs 10,000 Cr through IPOs
Ø Nirmala Sitharaman to launch National Monetisation Pipeline on Aug 23
Ø FM Nirmala Sitharaman launches new fund for MSMEs
Ø Post LIC IPO, 60% of insurance biz to be with listed entities: FinMin official
Ø 483 infra projects show cost overruns of Rs 4.43 lakh crore
Ø Vi lenders demand additional collateral on existing loans
Ø NABARD's loans rise 25.2 per cent to reach Rs 6 lakh crore in FY21
Ø Kamdhenu Group plans Rs 200 Crore investment to expand paints biz; aims Rs 1000 Crore revenue in 5 years
Ø Greenply Industries expects WFH to have positive impact on branded plywood manufacturers
Business Standard
Ø Pharma companies lead topline growth in Q1FY22: ICICI Direct Research
Ø GAIL to foray into hydrogen generation, scale up its renewable portfolio
Ø Major tariff hikes by telcos unlikely in the short-run: Analyst
Ø Tata Realty to invest Rs 4,000 Cr in residential, commercial projects
Ø ONGC offers 43 of its fields to operators for enhancing production
Ø $17.2 Bn infused in Indian startups by VC firms during Jan-July: Report
Ø Trai suggests to create separate authorisation for access network provider
Ø Power ministry circulates draft rules on clean energy, seeks comments
Ø Railways suffered Rs 36,000 Cr loss during pandemic: Raosaheb Danve
Ø Jet Airways staff unions challenge resolution plan, file appeal in NCLAT
Financial Express
Ø India's exposure to US securities jumps over $20 bn in 3 months; touches $220.2 Bn in June
Ø Footwear retailer Metro Brands files IPO papers with Sebi
Ø Sebi keeps Adani Wilmar’s Rs 4,500-cr IPO in abeyance
Ø Sebi extends deadline for public comments on swing pricing mechanism proposal for MFs
Ø Tata Steel commissions 0.5 MTPA recycling plant in Haryana
Ø Pizza Hut ties up with HUL to add Kwality Wall's ice cream, desserts in menu
Ø Zomato invests over $100 Million in Grofers
Ø Sterlite Power Transmission files IPO papers with SEBI; Anil Agarwal-led firm looks to raise Rs 1,250 Cr
Ø Sebi cuts lock-in period for promoters to 18 months post-IPO
Ø Cooking gas LPG price hiked by Rs 25 per cylinder
Mint
Ø Rural consumption strong in Q1 despite blow from covid 2.0
Ø RBI penalty may deter banks from installing more ATMs
Ø Recapitalization, demand revival to be key for SpiceJet
Ø Karvy Stock Broking Chairman C Parthasarathy held for bank loan default case
Ø L&T Infotech to offer jobs to 4,500 freshers in FY22 amid high attrition
Ø Govt notifies timeline to replace existing meters with smart prepaid meters
Ø ONGC looks at acquisitions to achieve 10 GW renewable capacity by 2040
Ø Mumbai court allows restoration of Nirav Modi's confiscated properties to PNB
Ø HAL signs ₹5,375 Cr contract with US firm for engines to power Tejas jets
Ø Sugar rally could help India to export 6 mn tonnes without subsidy
Ø Infosys chief summoned by FinMin, asked to explain tax portal glitches
Ø The IPO charm is waning; revival hinges on lowering expectations
Economic Times
Ø Karnataka Bank plans to raise Rs 6,000 Cr via debt
Ø FPIs invest Rs 5,001 Cr in Indian equities so far in August
Ø Three insurance-related firms to raise Rs 10,000 Cr through IPOs
Ø Nirmala Sitharaman to launch National Monetisation Pipeline on Aug 23
Ø FM Nirmala Sitharaman launches new fund for MSMEs
Ø Post LIC IPO, 60% of insurance biz to be with listed entities: FinMin official
Ø 483 infra projects show cost overruns of Rs 4.43 lakh crore
Ø Vi lenders demand additional collateral on existing loans
Ø NABARD's loans rise 25.2 per cent to reach Rs 6 lakh crore in FY21
Ø Kamdhenu Group plans Rs 200 Crore investment to expand paints biz; aims Rs 1000 Crore revenue in 5 years
Ø Greenply Industries expects WFH to have positive impact on branded plywood manufacturers
Business Standard
Ø Pharma companies lead topline growth in Q1FY22: ICICI Direct Research
Ø GAIL to foray into hydrogen generation, scale up its renewable portfolio
Ø Major tariff hikes by telcos unlikely in the short-run: Analyst
Ø Tata Realty to invest Rs 4,000 Cr in residential, commercial projects
Ø ONGC offers 43 of its fields to operators for enhancing production
Ø $17.2 Bn infused in Indian startups by VC firms during Jan-July: Report
Ø Trai suggests to create separate authorisation for access network provider
Ø Power ministry circulates draft rules on clean energy, seeks comments
Ø Railways suffered Rs 36,000 Cr loss during pandemic: Raosaheb Danve
Ø Jet Airways staff unions challenge resolution plan, file appeal in NCLAT
Financial Express
Ø India's exposure to US securities jumps over $20 bn in 3 months; touches $220.2 Bn in June
Ø Footwear retailer Metro Brands files IPO papers with Sebi
Ø Sebi keeps Adani Wilmar’s Rs 4,500-cr IPO in abeyance
Ø Sebi extends deadline for public comments on swing pricing mechanism proposal for MFs
Ø Tata Steel commissions 0.5 MTPA recycling plant in Haryana
Ø Pizza Hut ties up with HUL to add Kwality Wall's ice cream, desserts in menu
Ø Zomato invests over $100 Million in Grofers
Ø Sterlite Power Transmission files IPO papers with SEBI; Anil Agarwal-led firm looks to raise Rs 1,250 Cr
Ø Sebi cuts lock-in period for promoters to 18 months post-IPO
Ø Cooking gas LPG price hiked by Rs 25 per cylinder
Mint
Ø Rural consumption strong in Q1 despite blow from covid 2.0
Ø RBI penalty may deter banks from installing more ATMs
Ø Recapitalization, demand revival to be key for SpiceJet
Ø Karvy Stock Broking Chairman C Parthasarathy held for bank loan default case
Ø L&T Infotech to offer jobs to 4,500 freshers in FY22 amid high attrition
Ø Govt notifies timeline to replace existing meters with smart prepaid meters
Ø ONGC looks at acquisitions to achieve 10 GW renewable capacity by 2040
Ø Mumbai court allows restoration of Nirav Modi's confiscated properties to PNB
Ø HAL signs ₹5,375 Cr contract with US firm for engines to power Tejas jets
Ø Sugar rally could help India to export 6 mn tonnes without subsidy
Ø Infosys chief summoned by FinMin, asked to explain tax portal glitches
Ø The IPO charm is waning; revival hinges on lowering expectations
🇮🇳Business News Headlines
Economic Times
Ø IHCL's board approves to raise up to Rs 3,000 Cr via rights issue
Ø After Tata Steel, AMNS India plans to bid for state-owned RINL
Ø NSE-BSE Bulk deals: CLSA Global Markets buys stake in RPSG Ventures
Ø Jio outpaces Airtel in June user adds; Vodafone Idea loses more: Trai
Ø BSE, NSE warn against trading in contract for difference
Ø Govt against merging ailing Voda Idea with BSNL-MTNL
Ø Tata, Adani companies among bidders for UP Transco
Ø ‘M&M has emerged much stronger after two Covid waves’
Ø NABARD's loans rise 25.2 % to reach Rs 6 Lakh Crore in FY21
Ø Monsoon to impact India's coffee production this year, say producers
Ø 16 Merchant bankers in race for managing LIC IPO
Business Standard
Ø Vedanta makes Natural Gas discovery in Gujarat block won in OALP round
Ø Maruti Suzuki to take 'appropriate action under law' on CCI penalty
Ø Eicher Motors re-appoints Siddhartha Lal as MD, revises pay structure
Ø Salaries rise for promoters of auto firms even as business faces headwinds
Ø Paytm, HDFC Bank tie up to develop payment products for new online ventures
Ø Govt to monetise 25 Airports over four years, to fetch Rs 20,782 crore
Ø Govt eyes Rs 35,100 Cr from partial sale of Bharatnet network, tower infra
Ø India's volatile rains may create challenges for inflation, says Barclays
Ø Canara Bank closes QIP by raising Rs 2,500 cr equity capital
Ø HDFC Bank to issue 300,000 Credit Cards a month to regain lost market share
Financial Express
Ø Foreign direct investments rise to $12.1 billion in May: Piyush Goyal
Ø Rs 6 lakh crore National Monetisation Plan announced for infra assets
Ø NSE warns against unregulated derivative products
Ø Sebi extends deadline for public comments on swing pricing mechanism proposal for MFs
Ø Tata Steel commissions 0.5 MTPA recycling plant in Haryana
Ø Sugar prices rise ahead of festive season
Ø Zomato invests over $100 million in Grofers
Ø FPIs pump in Rs 7,245 Crore in August so far
Ø Sebi cuts lock-in period for promoters to 18 months post-IPO
Ø AGS Transact Tech files draft papers with Sebi to raise Rs 800-cr via IPO
Mint
Ø India needs an ecosystem that’s conducive to MSME expansion
Ø Acme Solar inks land agreement to set up green ammonia plant in Oman
Ø Hindalco to invest $3 billion in five years
Ø Govt sets 15 Sept deadline for Infosys to fix tax portal glitches
Ø Adani group incorporates PLR Systems to manufacture defence equipment
Ø Govt notifies timeline to replace existing meters with smart prepaid meters
Ø ONGC looks at acquisitions to achieve 10 GW renewable capacity by 2040
Ø Mumbai court allows restoration of Nirav Modi's confiscated properties to PNB
Ø RattanIndia to form subsidiary for drone business
Ø Government to finalise investment bankers for LIC IPO this week
Ø Yes Bank Partners WheelsEMI for two-wheeler loans
Ø HCL Tech signs contract with Munich Re for digital workplace services
Economic Times
Ø IHCL's board approves to raise up to Rs 3,000 Cr via rights issue
Ø After Tata Steel, AMNS India plans to bid for state-owned RINL
Ø NSE-BSE Bulk deals: CLSA Global Markets buys stake in RPSG Ventures
Ø Jio outpaces Airtel in June user adds; Vodafone Idea loses more: Trai
Ø BSE, NSE warn against trading in contract for difference
Ø Govt against merging ailing Voda Idea with BSNL-MTNL
Ø Tata, Adani companies among bidders for UP Transco
Ø ‘M&M has emerged much stronger after two Covid waves’
Ø NABARD's loans rise 25.2 % to reach Rs 6 Lakh Crore in FY21
Ø Monsoon to impact India's coffee production this year, say producers
Ø 16 Merchant bankers in race for managing LIC IPO
Business Standard
Ø Vedanta makes Natural Gas discovery in Gujarat block won in OALP round
Ø Maruti Suzuki to take 'appropriate action under law' on CCI penalty
Ø Eicher Motors re-appoints Siddhartha Lal as MD, revises pay structure
Ø Salaries rise for promoters of auto firms even as business faces headwinds
Ø Paytm, HDFC Bank tie up to develop payment products for new online ventures
Ø Govt to monetise 25 Airports over four years, to fetch Rs 20,782 crore
Ø Govt eyes Rs 35,100 Cr from partial sale of Bharatnet network, tower infra
Ø India's volatile rains may create challenges for inflation, says Barclays
Ø Canara Bank closes QIP by raising Rs 2,500 cr equity capital
Ø HDFC Bank to issue 300,000 Credit Cards a month to regain lost market share
Financial Express
Ø Foreign direct investments rise to $12.1 billion in May: Piyush Goyal
Ø Rs 6 lakh crore National Monetisation Plan announced for infra assets
Ø NSE warns against unregulated derivative products
Ø Sebi extends deadline for public comments on swing pricing mechanism proposal for MFs
Ø Tata Steel commissions 0.5 MTPA recycling plant in Haryana
Ø Sugar prices rise ahead of festive season
Ø Zomato invests over $100 million in Grofers
Ø FPIs pump in Rs 7,245 Crore in August so far
Ø Sebi cuts lock-in period for promoters to 18 months post-IPO
Ø AGS Transact Tech files draft papers with Sebi to raise Rs 800-cr via IPO
Mint
Ø India needs an ecosystem that’s conducive to MSME expansion
Ø Acme Solar inks land agreement to set up green ammonia plant in Oman
Ø Hindalco to invest $3 billion in five years
Ø Govt sets 15 Sept deadline for Infosys to fix tax portal glitches
Ø Adani group incorporates PLR Systems to manufacture defence equipment
Ø Govt notifies timeline to replace existing meters with smart prepaid meters
Ø ONGC looks at acquisitions to achieve 10 GW renewable capacity by 2040
Ø Mumbai court allows restoration of Nirav Modi's confiscated properties to PNB
Ø RattanIndia to form subsidiary for drone business
Ø Government to finalise investment bankers for LIC IPO this week
Ø Yes Bank Partners WheelsEMI for two-wheeler loans
Ø HCL Tech signs contract with Munich Re for digital workplace services