🇮🇳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
🇮🇳Business News Headlines
Economic Times
Ø Bank of India plans to raise Rs 3,000 cr equity capital via QIP
Ø Hindalco has $2.5-3 billion capex plans for next 5 years: KM Birla
Ø Infosys becomes 4th most valued company in India to join $100 billion market cap club
Ø NSE-BSE bulk deals: CLSA Global, Copthall Mauritius sell stake in Chemplast Sanmar
Ø FPIs favour cement stocks on better volume visibility
Ø Sebi empanels 16 entities to conduct forensic audit
Ø MSCI CEO dismisses concerns Chinese stocks are ‘uninvestable’
Ø Govt mulls ways to let telcos pay AGR dues over 20 years
Ø Rajratan gains from tyre demand surge, import curbs
Ø Continuum Energy's founders keen to buy Morgan Stanley’s stake in firm
Ø Punjab & Sind Bank sets off accumulated losses of Rs 3,577 cr
Business Standard
Ø Adani Total Gas buys 50% stake in gas meter manufacturing firm
Ø Arvind Fashions raises Rs 439 crore from investors, promoters
Ø Govt decision on raising tariffs fails to unite telecom companies
Ø Eicher Board to meet over MD's salary as shareholders reject re-appointment
Ø GMR group unveils plans to modernise Nagpur Airport after HC ruling
Ø Unfreeze Zee Entertainment insider trading accounts: Bajaj Finance to Sebi
Ø FMCG market in India expands 37% in April-June quarter: Nielsen
Ø ITC to invest $2 billion across segments in medium-term, says MD
Ø NTPC commissions 15 MW floating solar capacity at Andhra's Simhadri
Ø ICRA revises GE Power India's outlook to negative from stable
Financial Express
Ø FinMin exploring insurance bonds as alternative to bank guarantees
Ø REITs, InvITs to be included in Nifty indices from Sep 30
Ø Govt mulls permitting foreign investment in LIC
Ø Chris Wood raises India weight by pruning China exposure; remains bullish despite lofty valuations
Ø Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22
Ø NSE warns against unregulated derivative products
Ø Zomato invests over $100 million in Grofers
Ø FPIs pump in Rs 7,245 Crore in Aug
Economic Times
Ø Bank of India plans to raise Rs 3,000 cr equity capital via QIP
Ø Hindalco has $2.5-3 billion capex plans for next 5 years: KM Birla
Ø Infosys becomes 4th most valued company in India to join $100 billion market cap club
Ø NSE-BSE bulk deals: CLSA Global, Copthall Mauritius sell stake in Chemplast Sanmar
Ø FPIs favour cement stocks on better volume visibility
Ø Sebi empanels 16 entities to conduct forensic audit
Ø MSCI CEO dismisses concerns Chinese stocks are ‘uninvestable’
Ø Govt mulls ways to let telcos pay AGR dues over 20 years
Ø Rajratan gains from tyre demand surge, import curbs
Ø Continuum Energy's founders keen to buy Morgan Stanley’s stake in firm
Ø Punjab & Sind Bank sets off accumulated losses of Rs 3,577 cr
Business Standard
Ø Adani Total Gas buys 50% stake in gas meter manufacturing firm
Ø Arvind Fashions raises Rs 439 crore from investors, promoters
Ø Govt decision on raising tariffs fails to unite telecom companies
Ø Eicher Board to meet over MD's salary as shareholders reject re-appointment
Ø GMR group unveils plans to modernise Nagpur Airport after HC ruling
Ø Unfreeze Zee Entertainment insider trading accounts: Bajaj Finance to Sebi
Ø FMCG market in India expands 37% in April-June quarter: Nielsen
Ø ITC to invest $2 billion across segments in medium-term, says MD
Ø NTPC commissions 15 MW floating solar capacity at Andhra's Simhadri
Ø ICRA revises GE Power India's outlook to negative from stable
Financial Express
Ø FinMin exploring insurance bonds as alternative to bank guarantees
Ø REITs, InvITs to be included in Nifty indices from Sep 30
Ø Govt mulls permitting foreign investment in LIC
Ø Chris Wood raises India weight by pruning China exposure; remains bullish despite lofty valuations
Ø Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22
Ø NSE warns against unregulated derivative products
Ø Zomato invests over $100 million in Grofers
Ø FPIs pump in Rs 7,245 Crore in Aug
NSE bans members from selling digital gold after Sebi flags concerns https://www.livemint.com/market/stock-market-news/nse-bans-members-from-selling-digital-gold-after-sebi-flags-concerns-11629892511135.html
Download mint app for latest in Business News - https://bit.ly/32XEfFE
Download mint app for latest in Business News - https://bit.ly/32XEfFE
mint
NSE bans members from selling digital gold after Sebi flags concerns
The direction came after capital markets regulator Sebi said that certain members are providing a platform to their clients for buying and selling digital gold
🇮🇳Business News Headlines
Economic Times
Ø Bank of India approves Rs 3,000 Cr QIP, sets floor price at Rs 66.19 per Share
Ø NSE-BSE bulk deals: Think India Opportunities Fund sells stake in Capacite Infraproject
Ø Sebi slaps Rs 6 Lakh fine on Capital First for disclosure lapses
Ø Belstar Microfinance to raise Rs 350 Crore via equity
Ø ReNew Power lists in US via SPAC, MCap hits $4.5bn
Ø Rakesh Jhunjhunwala picks up 1.6% in Canara Bank
Ø Infosys becomes 4th Indian company to touch $100 Billion m-cap
Ø Procter & Gamble Q4 Net Profit down 29% to Rs 49 Crore
Ø Delhivery acquires Spoton Logistics ahead of planned IPO
Ø Sequoia-backed beer maker Bira 91 plans fifth brewery before IPO
Ø Punjab & Sind Bank sets off accumulated losses of Rs 3,577 Cr
Business Standard
Ø Auditor flags Tata Steel Europe's ability to carry on as going concern
Ø Centre hikes sugarcane FRP to Rs 290/quintal; rules out raising sugar price
Ø SBI Balanced Advantage NFO gets Rs 12,000 Cr, best ever among active funds
Ø Sebi orders defreezing of bank, demat accounts, MF folios of Rana Kapoor
Ø Banks have been asked to create state-wise plans for north-east: FM
Ø NSE bans members from selling digital gold after Sebi flags concerns
Ø Bharti Airtel board to meet on August 29 to mull capital raising options
Ø Global investors wary about India, intrigued by retail buying: UBS
Ø Jeh Wadia quits 2 Wadia firms, exits boards of all listed group companies
Ø India's GDP likely to grow at 18.5% in Q1FY22: SBI report
Financial Express
Ø Infosys to set up new digital development centre in Canada
Ø Govt mulls bringing amendments in Budget session for direct listing of securities abroad
Ø Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22
Ø 16 merchant bankers in race for managing LIC IPO
Ø Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22
Ø NSE warns against unregulated derivative products
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 Panel aims to double manufacturing exports in 5 years, slash imports
Mint
Ø Future Retail appoints Sadashiv Nayak as CEO
Ø HDFC Bank offloads 2% stake in CDSL for ₹223 Cr
Ø Paytm allots 166 former and current employees shares before IPO
Ø RBI approves re-appointment of Sandeep Bakhshi as ICICI Bank CEO
Ø NHPC signs MoU with PFC to fund hydro projects, acquisition of Stressed Projects
Ø Domestic Air Travel Bookings pick up pace amid festive season
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 Bharti Airtel and Jio to gain from strong traction in FTTH Segment
Ø FMCG cos not worried about Monsoon Deficit
Economic Times
Ø Bank of India approves Rs 3,000 Cr QIP, sets floor price at Rs 66.19 per Share
Ø NSE-BSE bulk deals: Think India Opportunities Fund sells stake in Capacite Infraproject
Ø Sebi slaps Rs 6 Lakh fine on Capital First for disclosure lapses
Ø Belstar Microfinance to raise Rs 350 Crore via equity
Ø ReNew Power lists in US via SPAC, MCap hits $4.5bn
Ø Rakesh Jhunjhunwala picks up 1.6% in Canara Bank
Ø Infosys becomes 4th Indian company to touch $100 Billion m-cap
Ø Procter & Gamble Q4 Net Profit down 29% to Rs 49 Crore
Ø Delhivery acquires Spoton Logistics ahead of planned IPO
Ø Sequoia-backed beer maker Bira 91 plans fifth brewery before IPO
Ø Punjab & Sind Bank sets off accumulated losses of Rs 3,577 Cr
Business Standard
Ø Auditor flags Tata Steel Europe's ability to carry on as going concern
Ø Centre hikes sugarcane FRP to Rs 290/quintal; rules out raising sugar price
Ø SBI Balanced Advantage NFO gets Rs 12,000 Cr, best ever among active funds
Ø Sebi orders defreezing of bank, demat accounts, MF folios of Rana Kapoor
Ø Banks have been asked to create state-wise plans for north-east: FM
Ø NSE bans members from selling digital gold after Sebi flags concerns
Ø Bharti Airtel board to meet on August 29 to mull capital raising options
Ø Global investors wary about India, intrigued by retail buying: UBS
Ø Jeh Wadia quits 2 Wadia firms, exits boards of all listed group companies
Ø India's GDP likely to grow at 18.5% in Q1FY22: SBI report
Financial Express
Ø Infosys to set up new digital development centre in Canada
Ø Govt mulls bringing amendments in Budget session for direct listing of securities abroad
Ø Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22
Ø 16 merchant bankers in race for managing LIC IPO
Ø Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22
Ø NSE warns against unregulated derivative products
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 Panel aims to double manufacturing exports in 5 years, slash imports
Mint
Ø Future Retail appoints Sadashiv Nayak as CEO
Ø HDFC Bank offloads 2% stake in CDSL for ₹223 Cr
Ø Paytm allots 166 former and current employees shares before IPO
Ø RBI approves re-appointment of Sandeep Bakhshi as ICICI Bank CEO
Ø NHPC signs MoU with PFC to fund hydro projects, acquisition of Stressed Projects
Ø Domestic Air Travel Bookings pick up pace amid festive season
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 Bharti Airtel and Jio to gain from strong traction in FTTH Segment
Ø FMCG cos not worried about Monsoon Deficit
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Read and Learn then no need to listen to all news roaming around you. You can easily filter which news is relevant to you.
Stocks may down or crash depends on factors, but if you are comfortable with business use as a opportunity rather tha threat.
Read and Learn then no need to listen to all news roaming around you. You can easily filter which news is relevant to you.
🇮🇳Business News Headlines
Economic Times
Ø A Company can run as a 'Going Concern' in Liquidation : NCLAT
Ø MEIL hands over second oil rig to ONGC; to supply 21 more by 2022
Ø Sebi comes out with modalities for accredited investors
Ø Tata Sons FY21 Profit up over 2x on TCS buyback
Ø Few takers for restructuring 2.0 amid demand recovery: CRISIL
Ø Infosys Public Services bags legacy modernisation deal from Manitoba Public Insurance
Ø Auto parts industry may see 20-23 pc jump in revenue during current fiscal: Report
Ø HDFC Bank lists $1-Bn AT-1 Bonds on IFSC exchanges
Ø India's wearable market logs over 118% growth to 11.2 million units in Q2: IDC
Ø Advantage Club raises $1.7 Million from Y Combinator, Broom Ventures, others
Ø Sporjo raises Rs 14 Crore in funding at Rs 70 crore valuation
Business Standard
Ø India allows Boeing 737 MAX Aircraft to fly 30 months after global ban
Ø 165k unorganised workers registered on first day of e-Shram portal launch
Ø Blackstone to get access to ASK's pool of HNI clients, domestic debt market
Ø MIAL raises Rs 7,200 Cr via NCDs and foreign loans, refinances debt
Ø SAIL aims to bring down borrowings to Rs 20,000 Crore
Ø SpiceJet doubles frequency of Cargo flights to China
Ø Flipkart strengthens its supply chain network ahead of the festive season
Ø Google-backed Dunzo scales revenue 1.6x in FY21, reduces losses by 43%
Ø Nayara Energy achieves Financial closure for Petrochemicals expansion
Ø Lenovo expands local manufacturing capacity to meet rising customer demand
Ø ED cracks whip on NBFCs, fintechs over high-cost micro loans, shady deals
Ø Govt approves extension of terms of three MD-CEOs, 10 EDs of PSU Banks
Ø Barclays Bank Plc infuses Rs 3,000 Cr in India ops to bolster business
Financial Express
Ø De Beers embarks on Brand Transformation, Lab-Grade Diamonds to Lower Price points
Ø Strategic Sale of Neelachal Ispat Nigam likely in two months
Ø Meity Startup Hub, Paytm collaborate to launch programme to support deep-tech startups
Ø RBI extends PIDF Scheme to street vendors covered under PM SVANidhi in tier 1, 2 centres
Ø Trai recommends reducing levies on satellite services, cutting out intermediaries to lower cost
Ø Loan delinquencies materially increased in SME, retail segments; NPLs may jump 50% in 2 years: Moody’s
Ø FM discusses key areas of cooperation for supporting recovery of BRICS nations
Ø Hiring activity witnesses 4% Sequential Growth in July: Report
Ø Comm Min for extending Anti-dumping duty on melamine from China
Ø ESG bonds likely to top USD 10 bn this year: JP Morgan
Mint
Ø Govt directs Central institutions to fill up vacant faculty posts by Sep ’22
Ø RBI imposes monetary penalty on 2 co-op banks, 1 NBFC
Ø Axel Springer to Acquire Politico
Ø Supreme Court to begin limited Physical hearings from 1 Sept
Ø Poonawalla Fincorp Rating upgrades to AA+
Ø Auto component industry needs to invest more on R&D: Maruti chairman Bhargava
Ø CSR Credit has to be used in 3 years: MCA
Ø Yahoo shuts down news sites in India over new FDI Rules
Ø Indian Pharma Industry to surpass $60 billion in two years
Ø US Jobless claims rise but hold near Pandemic low
Economic Times
Ø A Company can run as a 'Going Concern' in Liquidation : NCLAT
Ø MEIL hands over second oil rig to ONGC; to supply 21 more by 2022
Ø Sebi comes out with modalities for accredited investors
Ø Tata Sons FY21 Profit up over 2x on TCS buyback
Ø Few takers for restructuring 2.0 amid demand recovery: CRISIL
Ø Infosys Public Services bags legacy modernisation deal from Manitoba Public Insurance
Ø Auto parts industry may see 20-23 pc jump in revenue during current fiscal: Report
Ø HDFC Bank lists $1-Bn AT-1 Bonds on IFSC exchanges
Ø India's wearable market logs over 118% growth to 11.2 million units in Q2: IDC
Ø Advantage Club raises $1.7 Million from Y Combinator, Broom Ventures, others
Ø Sporjo raises Rs 14 Crore in funding at Rs 70 crore valuation
Business Standard
Ø India allows Boeing 737 MAX Aircraft to fly 30 months after global ban
Ø 165k unorganised workers registered on first day of e-Shram portal launch
Ø Blackstone to get access to ASK's pool of HNI clients, domestic debt market
Ø MIAL raises Rs 7,200 Cr via NCDs and foreign loans, refinances debt
Ø SAIL aims to bring down borrowings to Rs 20,000 Crore
Ø SpiceJet doubles frequency of Cargo flights to China
Ø Flipkart strengthens its supply chain network ahead of the festive season
Ø Google-backed Dunzo scales revenue 1.6x in FY21, reduces losses by 43%
Ø Nayara Energy achieves Financial closure for Petrochemicals expansion
Ø Lenovo expands local manufacturing capacity to meet rising customer demand
Ø ED cracks whip on NBFCs, fintechs over high-cost micro loans, shady deals
Ø Govt approves extension of terms of three MD-CEOs, 10 EDs of PSU Banks
Ø Barclays Bank Plc infuses Rs 3,000 Cr in India ops to bolster business
Financial Express
Ø De Beers embarks on Brand Transformation, Lab-Grade Diamonds to Lower Price points
Ø Strategic Sale of Neelachal Ispat Nigam likely in two months
Ø Meity Startup Hub, Paytm collaborate to launch programme to support deep-tech startups
Ø RBI extends PIDF Scheme to street vendors covered under PM SVANidhi in tier 1, 2 centres
Ø Trai recommends reducing levies on satellite services, cutting out intermediaries to lower cost
Ø Loan delinquencies materially increased in SME, retail segments; NPLs may jump 50% in 2 years: Moody’s
Ø FM discusses key areas of cooperation for supporting recovery of BRICS nations
Ø Hiring activity witnesses 4% Sequential Growth in July: Report
Ø Comm Min for extending Anti-dumping duty on melamine from China
Ø ESG bonds likely to top USD 10 bn this year: JP Morgan
Mint
Ø Govt directs Central institutions to fill up vacant faculty posts by Sep ’22
Ø RBI imposes monetary penalty on 2 co-op banks, 1 NBFC
Ø Axel Springer to Acquire Politico
Ø Supreme Court to begin limited Physical hearings from 1 Sept
Ø Poonawalla Fincorp Rating upgrades to AA+
Ø Auto component industry needs to invest more on R&D: Maruti chairman Bhargava
Ø CSR Credit has to be used in 3 years: MCA
Ø Yahoo shuts down news sites in India over new FDI Rules
Ø Indian Pharma Industry to surpass $60 billion in two years
Ø US Jobless claims rise but hold near Pandemic low
🇮🇳Business News Headlines
Economic Times
Ø IDBI Bank Board okays divesting entire 19% Stake in ARCIL
Ø Telecom Sector FYQ4 AGR up 2% on-Quarter: TRAI
Ø Nazara acquires Skill Gaming Platform OpenPlay for Rs 186.4 Crore
Ø 10 Banks selected to manage LIC IPO
Ø India's forex reserves fell to $616.9 Billion as of August 20
Ø States' fiscal deficit to moderate to 4.1 pc of GDP in FY'22: India Ratings
Ø Bank Credit grows by 6.55%; Deposits by 10.58%
Ø Indiagold gets $12 Million funding from PayU, others as gold loans surge
Ø Amazon-backed Rivian seeks $70-80 Billion valuation in IPO: Report
Business Standard
Ø Fed Chair says taper could start in 2021, with no rush on rate hike
Ø Sebi bars Kotak AMC from launching FMPs for six months, imposes fine
Ø India, Australia aim to announce early harvest trade deal by December
Ø Berger Paints eyes Rs 10,000 Crore turnover in three years
Ø Mahindra Defence Systems bags Indian Navy contract worth Rs 1,349.95 Crore
Ø Grasim Industries to invest Rs 2,600 Crore in capex in FY22
Ø MCA is working to issue code of conduct for creditors under IBC: Verma
Ø Air travel sees recovery, hotels and travel firms see brisk weekend demand
Ø Internet users up nearly 4% to over 825 Million in Q4 of FY21: TRAI data
Ø Global iron ore production growth to average 3.6% between 2021-25
Ø RBI holds talks with SFBs on enhanced board oversight, risk management
Ø China tech rally ends on report of new IPO rules; Alibaba Group falls 3.9%
Ø Poor monsoon likely to hurt India oilseed, cotton output, says NCML
Financial Express
Ø UPPCL receives Rs 4,900 Crore loan from Power Sector lenders PFC-REC, clears generating companies’ overdues
Ø Investors asked to vote against JSPL plan to sell 96.42% in Jindal Power
Ø Indian Oil to invest Rs 1 lakh crore in next 4-5 years to boost refining capacity
Ø Animation, Gaming sector can help take services exports to USD 1 Trillion in next 10 yrs: Goyal
Ø US Court sets timelines for Cairn-India legal case
Ø Paddy planting down 1.23 pc so far due to deficit rains in some states
Mint
Ø Income Tax Dept detects ₹350 Cr unaccounted cash receipts after raid in Rajkot
Ø India administers record 1 Crore Covid vaccine doses on a single day
Ø M-cap of BSE-listed companies rises to record ₹243.73 Lakh Cr
Ø US consumer spending slows in July; monthly inflation moderates
Ø Govt launches QSim to aid quantum computing research in India
Ø OPEC+ seen sticking to planned output hike as oil prices rebound
Ø China plans to ban US IPOs for data-heavy tech firms
Ø India to shortly call green Hydrogen bids for 4 GW electrolyser capacity
Ø Reliance Life gets SEC nod for Clinical trials of 2-dose Covid-19 Vaccine
Ø Indian e-bike company EMotorad opens first Overseas Showroom in Dubai
Ø Global Crypto Funds’ AUM soars 57% in a Month to $55 Billion
Economic Times
Ø IDBI Bank Board okays divesting entire 19% Stake in ARCIL
Ø Telecom Sector FYQ4 AGR up 2% on-Quarter: TRAI
Ø Nazara acquires Skill Gaming Platform OpenPlay for Rs 186.4 Crore
Ø 10 Banks selected to manage LIC IPO
Ø India's forex reserves fell to $616.9 Billion as of August 20
Ø States' fiscal deficit to moderate to 4.1 pc of GDP in FY'22: India Ratings
Ø Bank Credit grows by 6.55%; Deposits by 10.58%
Ø Indiagold gets $12 Million funding from PayU, others as gold loans surge
Ø Amazon-backed Rivian seeks $70-80 Billion valuation in IPO: Report
Business Standard
Ø Fed Chair says taper could start in 2021, with no rush on rate hike
Ø Sebi bars Kotak AMC from launching FMPs for six months, imposes fine
Ø India, Australia aim to announce early harvest trade deal by December
Ø Berger Paints eyes Rs 10,000 Crore turnover in three years
Ø Mahindra Defence Systems bags Indian Navy contract worth Rs 1,349.95 Crore
Ø Grasim Industries to invest Rs 2,600 Crore in capex in FY22
Ø MCA is working to issue code of conduct for creditors under IBC: Verma
Ø Air travel sees recovery, hotels and travel firms see brisk weekend demand
Ø Internet users up nearly 4% to over 825 Million in Q4 of FY21: TRAI data
Ø Global iron ore production growth to average 3.6% between 2021-25
Ø RBI holds talks with SFBs on enhanced board oversight, risk management
Ø China tech rally ends on report of new IPO rules; Alibaba Group falls 3.9%
Ø Poor monsoon likely to hurt India oilseed, cotton output, says NCML
Financial Express
Ø UPPCL receives Rs 4,900 Crore loan from Power Sector lenders PFC-REC, clears generating companies’ overdues
Ø Investors asked to vote against JSPL plan to sell 96.42% in Jindal Power
Ø Indian Oil to invest Rs 1 lakh crore in next 4-5 years to boost refining capacity
Ø Animation, Gaming sector can help take services exports to USD 1 Trillion in next 10 yrs: Goyal
Ø US Court sets timelines for Cairn-India legal case
Ø Paddy planting down 1.23 pc so far due to deficit rains in some states
Mint
Ø Income Tax Dept detects ₹350 Cr unaccounted cash receipts after raid in Rajkot
Ø India administers record 1 Crore Covid vaccine doses on a single day
Ø M-cap of BSE-listed companies rises to record ₹243.73 Lakh Cr
Ø US consumer spending slows in July; monthly inflation moderates
Ø Govt launches QSim to aid quantum computing research in India
Ø OPEC+ seen sticking to planned output hike as oil prices rebound
Ø China plans to ban US IPOs for data-heavy tech firms
Ø India to shortly call green Hydrogen bids for 4 GW electrolyser capacity
Ø Reliance Life gets SEC nod for Clinical trials of 2-dose Covid-19 Vaccine
Ø Indian e-bike company EMotorad opens first Overseas Showroom in Dubai
Ø Global Crypto Funds’ AUM soars 57% in a Month to $55 Billion
🇮🇳Business News Headlines
Economic Times
Ø Finance Ministry extends last date for availing GST amnesty scheme till November 30
Ø Three hospital chains to raise up to Rs 6,300 Crore via IPOs
Ø Ease of doing business still cumbersome at Grassroot level: CII CEOs Poll
Ø IDFC First Bank aims to grow retail loan book growth by 25%
Ø Tata Steel to invest Rs 8,000 Cr in Capex on India ops in FY22: CEO
Ø RCF, NFL share sale by Dec, govt to get Rs 1,200 Cr
Ø MapmyIndia to file documents for $175 Million IPO on Monday
Ø OPEC+ could reconsider output increase, says Kuwaiti oil minister
Ø Indian Motorcycle expects to garner 25-30 pc share in India's premium motorcycle segment
Ø India's Coal import rises 50% to 19 Million Tonnes in June
Ø Dr Reddy's, Zydus Pharma recall products in US Market
Ø Baring Asia set to accept $3 Billion Carlyle offer for Hexaware
Business Standard
Ø Bharti Airtel board approves Rs 21,000 Crore Rights issue
Ø PayU aims to provide full-stack financial services to its customers
Ø KEC International to double civil business revenue to Rs 2,000 Cr in FY22
Ø Raymond Realty has expansion plans for several parts of Mumbai
Ø Lupin, Glenmark shift focus to inhalation and nasal Covid-19 Drugs
Ø Adani Electricity to roll out 700,000 Smart meters for Mumbai customers
Ø Air India asks US court to dismiss Cairn petition, says it is premature
Ø Rs 1.42-Trillion tied grant to villages for water, sanitation: 15th FC
Ø GIC Housing Finance's bad loans spike to 11.4% in Q1, solvency weakens
Ø Steel Industry to rebound strongly but MSMEs may trail: CRISIL SME Tracker
Ø China's Sinopec posts $6 bn profit on rebounding oil prices, better demand
Ø SpaceX launches Shipment of ants, avocados, robot to space station
Financial Express
Ø Industrial-warehousing spaces leasing in Jan-June up 31 pc in top 5 Cities : Report
Ø Start-up Culture now vibrant in India: PM Modi
Ø Proposed FTA with UAE to boost jewellery, chemicals, Engineering Exports : Exporters
Ø FinMin extends deadline for making payments under Vivad se Vishwas scheme till September 30
Ø FSDC meeting on Sep 3; to take stock of economy, financial sector
Ø FPIs net buyers in Aug, invest Rs 986 Cr in equities
Mint
Ø Centre plans to nudge NE states to restart output at ONGC wells
Ø Nazara eyes ₹100 Cr from real-money gaming biz
Ø Waaree set to file for ₹1,500 Cr Share sale
Ø Wipro invites job applications for freshers hiring programme
Ø ICMR to advance research on linkage of Covid-19 and Cancer
Ø Rlys follows up on PM's I-day address, floats tender for 58 Vande Bharat rakes
Ø Pensioners' body urges PM Modi to exempt pension from Income Tax
Ø Franklin to give ₹2,918.5 Crore to unitholders of Six debt MFs
Ø Nokia says telcos building pan-India 5G Capacity to boost Business Growth
Ø India extends ban on Scheduled International Flights till September-end
Economic Times
Ø Finance Ministry extends last date for availing GST amnesty scheme till November 30
Ø Three hospital chains to raise up to Rs 6,300 Crore via IPOs
Ø Ease of doing business still cumbersome at Grassroot level: CII CEOs Poll
Ø IDFC First Bank aims to grow retail loan book growth by 25%
Ø Tata Steel to invest Rs 8,000 Cr in Capex on India ops in FY22: CEO
Ø RCF, NFL share sale by Dec, govt to get Rs 1,200 Cr
Ø MapmyIndia to file documents for $175 Million IPO on Monday
Ø OPEC+ could reconsider output increase, says Kuwaiti oil minister
Ø Indian Motorcycle expects to garner 25-30 pc share in India's premium motorcycle segment
Ø India's Coal import rises 50% to 19 Million Tonnes in June
Ø Dr Reddy's, Zydus Pharma recall products in US Market
Ø Baring Asia set to accept $3 Billion Carlyle offer for Hexaware
Business Standard
Ø Bharti Airtel board approves Rs 21,000 Crore Rights issue
Ø PayU aims to provide full-stack financial services to its customers
Ø KEC International to double civil business revenue to Rs 2,000 Cr in FY22
Ø Raymond Realty has expansion plans for several parts of Mumbai
Ø Lupin, Glenmark shift focus to inhalation and nasal Covid-19 Drugs
Ø Adani Electricity to roll out 700,000 Smart meters for Mumbai customers
Ø Air India asks US court to dismiss Cairn petition, says it is premature
Ø Rs 1.42-Trillion tied grant to villages for water, sanitation: 15th FC
Ø GIC Housing Finance's bad loans spike to 11.4% in Q1, solvency weakens
Ø Steel Industry to rebound strongly but MSMEs may trail: CRISIL SME Tracker
Ø China's Sinopec posts $6 bn profit on rebounding oil prices, better demand
Ø SpaceX launches Shipment of ants, avocados, robot to space station
Financial Express
Ø Industrial-warehousing spaces leasing in Jan-June up 31 pc in top 5 Cities : Report
Ø Start-up Culture now vibrant in India: PM Modi
Ø Proposed FTA with UAE to boost jewellery, chemicals, Engineering Exports : Exporters
Ø FinMin extends deadline for making payments under Vivad se Vishwas scheme till September 30
Ø FSDC meeting on Sep 3; to take stock of economy, financial sector
Ø FPIs net buyers in Aug, invest Rs 986 Cr in equities
Mint
Ø Centre plans to nudge NE states to restart output at ONGC wells
Ø Nazara eyes ₹100 Cr from real-money gaming biz
Ø Waaree set to file for ₹1,500 Cr Share sale
Ø Wipro invites job applications for freshers hiring programme
Ø ICMR to advance research on linkage of Covid-19 and Cancer
Ø Rlys follows up on PM's I-day address, floats tender for 58 Vande Bharat rakes
Ø Pensioners' body urges PM Modi to exempt pension from Income Tax
Ø Franklin to give ₹2,918.5 Crore to unitholders of Six debt MFs
Ø Nokia says telcos building pan-India 5G Capacity to boost Business Growth
Ø India extends ban on Scheduled International Flights till September-end