🇮🇳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

Gn

🇮🇳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

Gn

Gn

🇮🇳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

Invest. Hold and see the Magic

Gn

🇮🇳Business News Headlines

Economic Times

Ø Maruti Suzuki to raise prices in September
Ø Maruti Suzuki output may fall further due to Malaysia lockdown
Ø Bharat Forge may sustain premium valuation amid higher revenue visibility
Ø ANMI expresses concern over T+1 settlement proposal
Ø Motilal Oswal sees 18% upside in freshly-debuted Clean Science
Ø Go Airlines gets Sebi nod for Rs 3,600 Crore IPO
Ø Ola picks banks for $1 Billion IPO, may file papers in October
Ø Telecom Tariff hikes are imminent: Nitin Soni, Fitch Ratings
Ø SBI to raise up to Rs 4,000 Crore via AT1 bonds
Ø Unitholders of Franklin’s six shut debt schemes to get Rs 2,918 Crore
Ø SSWL inks pact with Tata Steel Long Products to supply round bars

Business Standard

Ø Rakesh Jhunjhunwala-backed Rare Enterprises to invest in Syska LED
Ø NSE co-location case: Sebi slaps Rs 6 lakh fine on Parwati Capital Market
Ø Carlyle preferred bidder for Baring PE's Hexaware in $3 Bn deal: Report
Ø NTPC ups coal output, seeks to boost stocks to meet electricity demand
Ø Aluminium industry staring at 3-5 day coal inventory amid CIL's supply cut
Ø Airtel's fundraise to provide ammo for 5G, fortify position: Analysts
Ø India power-sector financier REC plans first loan using Libor heir
Ø Exports from SEZs up 41.5% to Rs 2.15 Trillion during Apr-June 2021
Ø L&T wins significant contracts for various businesses
Ø Moody's assigns B1(hyb) rating to Axis Bank's proposed AT-I capital bonds
Ø Depositors of stressed banks to get up to Rs 5 lakh back from Nov 30

Financial Express

Ø MapMyIndia plans Rs 1,200 Crore IPO
Ø Jindal Steel and Power seek shareholder nod to divest power biz
Ø FinMin extends deadline for making payments under Vivad se Vishwas scheme till September 30
Ø Economic resurgence: FDI equity inflows jump 168% in Q1
Ø Coal shortage drives spot power prices to record high of Rs 20 per unit
Ø Tracking investments: Ministries asked to move faster on PLI schemes
Ø Zomato invests over $100 Million in Grofers
Ø Sebi cuts lock-in period for Promoters to 18 months post-IPO
Ø ICICI bank files cheating case against Karvy Stock Broking Ltd

Mint

Ø New drone regulations wind in the sails for racers, hobbyists
Ø Amazon asks Sebi to order withdrawal of Future-RIL deal approval
Ø Shriram City looks to disburse up to ₹23,000 Cr in FY22
Ø RBI imposes Monetary penalty on 2 co-op banks, 1 NBFC
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 FMCG earnings don’t paint a pretty picture of the economy
Ø Mumbai court allows restoration of Nirav Modi's confiscated properties to PNB
Ø Ixigo takes aim at MakeMyTrip with ₹1,600-crore IPO
Ø Jeh Wadia steps down from roles at more Wadia firms
Ø India's space-tech startups steering a rough ride
Ø China’s biggest Solar Giant is extending its Global reach

Gn

🇮🇳Business News Headlines

Economic Times

Ø REC seeks Shareholders nod to raise up to Rs 85,000 Cr via bonds, debentures
Ø Maruti to hike prices third time this year as input costs pinch
Ø Bank of India announces closure of QIP issue; raises Rs 2,550 Cr
Ø Vijaya Diagnostics mobilises Rs 566 Cr from anchor investors
Ø RIL eyes billion-dollar REC buy for solar push
Ø NSE-BSE bulk deals: KKR Mauritius sells stake in Coffee Day Enterprises
Ø Ami Organics raises Rs 171 Crore from anchor investors ahead of IPO
Ø Ola IPO to hit the Street early 2022
Ø SBI to raise up to Rs 4,000 Crore via AT1 bonds
Ø Unitholders of Franklin’s six shut debt schemes to get Rs 2,918 Crore
Ø Chinese investment flows via hybrid route under lens

Business Standard

Ø IIFL Group case: Sebi refuses to lift capital market ban on 6 individuals
Ø OPEC+ committee expects oil market to return to surplus in 2022
Ø BSE StAR MF registers 14.1 Million transactions worth Rs 36,277 Cr in Aug
Ø Homegrown firm MapmyIndia files draft papers for IPO with Sebi
Ø Peak margin norms to hit market depth without impacting on trading volumes
Ø Airtel's fundraise to provide ammo for 5G, fortify position: Analysts
Ø India power-sector financier REC plans first loan using Libor heir
Ø Grasim Industries to invest Rs 2,600 Crore in capex in FY22
Ø Bharti Airtel clarifies on Google investment buzz
Ø Moody's assigns B1(hyb) Rating to Axis Bank's proposed AT-I capital bonds
Ø Airtel's Rs 21k-cr rights issue may open exit door for Voda Idea: Analysts

Financial Express

Ø Non-food bank credit grows at 6.2 per cent in July: RBI data
Ø Bank credit grows 6 per cent in June
Ø Kotak Bank to sell 20 cr shares of Airtel Payments Bank to Bharti Enterprises for Rs 294 cr
Ø Low-grade imports: DPIIT mulls quality control curbs for 45 more products
Ø Coal shortage drives spot power prices to record high of Rs 20 per unit
Ø Tracking investments: Ministries asked to move faster on PLI schemes
Ø Institutional shareholders voting against top brass’ resolutions in AGMs
Ø JSPL gets board approval to raise $1 bn
Ø Financial bids for BPCL after September
Ø NTPC Darlipali Thermal Power Station's Unit 2 to start commercial operation from Sep 1
Ø Rs 21K-cr rights issue: Fundraise to lower leverage, says Mittal

Mint

Ø Four Tesla models get green signal in India
Ø NCLT orders for attaching properties of Videocon promoters
Ø IT hiring in FY22 may cross peak on firm broad-based demand
Ø L&T’s IT arms drive valuations, but order inflows matter more
Ø NHPC signs MoU with PFC to fund hydro projects, acquisition of stressed projects
Ø GCPL stock appears to factor optimism adequately for now
Ø Policy harmonization will help our MSMEs create jobs
Ø Mumbai court allows restoration of Nirav Modi's confiscated properties to PNB
Ø Coal stocks with CIL adequate to meet power demand surge, says govt
Ø Higher prices, parts paucity may hit festive sales of autos
Ø India's space-tech startups steering a rough ride
Ø Economy recovers 20.1% in June quarter from a low base 

Gn

🇮🇳Business News Headlines

Economic Times

Ø Indiabulls Housing to raise Rs 1,000 Cr via public issue of bonds
Ø Mahindra Passenger Vehicle sales up 17% in August
Ø NSE-BSE bulk deals: REC sells stake in National Hydroelectric Power Corporation
Ø SPARC seeks shareholders nod to raise up to Rs 1,800 Cr
Ø Vedanta board approves interim dividend of Rs 6,877 Cr
Ø LIC’s asset base goes past Rs 38 lakh crore in fiscal 2021
Ø Ami Organics raises Rs 171 Crore from Anchor investors ahead of IPO
Ø Ola IPO to hit the Street early 2022
Ø SBI to raise up to Rs 4,000 Crore via AT1 Bonds
Ø Unitholders of Franklin’s six shut debt schemes to get Rs 2,918 Crore
Ø GST collections for August at Rs 1.12 Lakh Crore

Business Standard

Ø Positive signals for India's Real Estate sector as Economy normalises
Ø OPEC+ sticks to agreed schedule for oil-production increases
Ø Sebi tweaks liquidity enhancement scheme for stock exchanges
Ø Homegrown firm MapmyIndia files draft papers for IPO with Sebi
Ø Need to have informed conversations on Savarkar, says FM Sitharaman
Ø Airtel's fundraise to provide ammo for 5G, Fortify position: Analysts
Ø India power-sector financier REC plans first loan using Libor heir
Ø Grasim Industries to invest Rs 2,600 Crore in capex in FY22
Ø Bharti Airtel clarifies on Google investment buzz
Ø Moody's assigns B1(hyb) rating to Axis Bank's proposed AT-I capital bonds
Ø Airtel's Rs 21k-Cr rights issue may open Exit door for Voda Idea: Analysts

Financial Express

Ø SBI raises Rs 4,000 Crore via AT-1 bonds at 7.72% coupon rate
Ø Zerodha gets Sebi’s in-principle nod to launch mutual fund biz
Ø Vijaya Diagnostic Centre IPO subscribed 30 pc on first day of offer
Ø SBI raises Rs 4,000 Crore via AT1 Bonds
Ø PGCIL seeks shareholders’ approval to raise up to Rs 6,000 Cr via bonds, debentures
Ø Tracking investments: Ministries asked to move faster on PLI schemes
Ø SaaS startups firming up plans for IPOs
Ø Easing G-Sec yields: SDL average 10-year yield falls to 9-week low
Ø Financial bids for BPCL after September
Ø NTPC Darlipali Thermal Power Station's Unit 2 to start commercial operation from Sep 1
Ø Rs 21K-cr rights issue: Fundraise to lower leverage, says Mittal

Mint

Ø ICICI Bank crosses ₹5 Trillion m-cap
Ø NCLT orders for attaching properties of Videocon promoters
Ø IT hiring in FY22 may cross peak on firm broad-based demand
Ø PV firms cut production due to semiconductor shortage
Ø NHPC signs MoU with PFC to fund hydro projects, acquisition of stressed projects
Ø 12 entities express interest in Yes  Bank’s ARC  proposal
Ø Policy harmonization will help our MSMEs create jobs
Ø Razorpay looks to raise up to $250 Mn, eyes $4 Bn valuation
Ø PI Industries’ investors draw comfort from CSM strength
Ø Higher Prices, Parts paucity may hit Festive sales of autos
Ø India's Space-tech Startups steering a rough ride
Ø Former Mahindra Electric MD & CEO joins Hinduja EV arm, Switch Mobility

Gn

🇮🇳Business News Headlines

Economic Times

Ø Adani Green raises $750 Mn via green bonds
Ø Vedanta moves Supreme Court over Barmer oil field dispute
Ø JK Cement plans up to Rs 3,000-Cr Capex to boost capacity
Ø Textile cos are back in spotlight with rising govt support and export opportunities
Ø Maruti stares at another bout of earnings downgrade amid chip shortage
Ø Oil falls after OPEC+ sticks to raising supply amid demand doubts
Ø Ami Organics raises Rs 171 Crore from anchor investors ahead of IPO
Ø Ola IPO to hit the Street early 2022
Ø Manufacturing growth slows in August, PMI at 52.3
Ø August numbers show economic recovery on track
Ø Gatishakti scheme to provide framework for National Infrastructure Pipeline plan: Nitin Gadkari

Business Standard

Ø Trai directs telcos to ensure only tariffs filed with it are offered
Ø Aon increases stake to 100% in Aon India Insurance Brokers
Ø LIC IPO: Govt floats fresh RFP for legal adviser as law firms shy away
Ø ArcelorMittal Nippon Steel India commissions 6 Million tonne pellet plant
Ø Coal India chairman lays foundation stone of Rs 285 Cr connectivity project
Ø Embassy REIT to raise up to Rs 300 Cr via non-convertible debentures
Ø IRB Infrastructure Developers wins highways project order in Tamil Nadu
Ø Steel sector outlook revised to positive on continued earnings uptick: Icra
Ø ONGC evaluating stake buy in Russia's Vostok Oil project: OVL MD
Ø Airtel conducts cloud gaming session on 5G as part of ongoing trials
Ø PNB asks NCLAT to quash Kalrock-Jalan resolution plan for Jet Airways

Financial Express

Ø Axis Bank raises USD 600 Million via AT1 bonds
Ø Infinion Biopharma files draft papers with Sebi to mop-up funds through IPO
Ø India’s power consumption up 18.6 % to 129.51 Billion units in August
Ø SBI raises Rs 4,000 Crore via AT1 Bonds
Ø PGCIL seeks shareholders’ approval to raise up to Rs 6,000 Cr via bonds, debentures
Ø Tracking investments: Ministries asked to move faster on PLI schemes
Ø SEBI slaps Rs 40 Lakh fine on eight entities in illiquid stock options case
Ø Easing G-Sec yields: SDL average 10-year yield falls to 9-week low
Ø Financial bids for BPCL after September
Ø NTPC Darlipali Thermal Power Station's Unit 2 to start commercial operation from Sep 1
Ø GDP grows 20% in Q1, but still below FY20 levels

Mint

Ø BSE FMCG hits record high as normal Sept monsoon likely to boost rural demand
Ø Medtech sector to reach $50 Billion market by 2025
Ø Vijaya Diagnostic IPO fails to get attention from investors on day 2
Ø PV firms cut production due to semiconductor shortage
Ø NHPC signs MoU with PFC to fund hydro projects, acquisition of stressed projects
Ø 12 Entities express interest in Yes  Bank’s ARC  proposal
Ø Policy harmonization will help our MSMEs create jobs
Ø Granules India gets licence from DRDO to manufacture, market 2-DG Covid drug
Ø M&M to cut production by 25% amid Semiconductor shortage
Ø Higher prices, parts paucity may hit festive sales of autos
Ø India's Space-tech Startups steering a rough ride
Ø Govt seeks bids to appoint Legal Adviser for LIC IPO for second time

😂😂😂😂Tell LIC Housing Finance, it may work fir you.

Happy 😊 Teachers Day... :)

🇮🇳Business News Headlines

Economic Times

Ø JSPL hopeful of concluding deal to sell 96.42% stake in Jindal Power by December
Ø Anarock eyes 50% revenue growth in FY22 to about Rs 450cr on housing demand recovery
Ø Govt plans WAPCOS IPO by March
Ø Barclays funds Rakesh Jhunjhunwala's Zydus deal
Ø FPIs net buyers in Aug; invest Rs 16,459 cr
Ø Govt likely to extend incentive scheme IFLADP for leather, footwear industry till 2025-26
Ø Daimler CEO says carmakers could face chip shortage into 2023
Ø Ola IPO to hit the Street early 2022
Ø SBI to raise up to Rs 4,000 crore via AT1 bonds
Ø Unitholders of Franklin’s six shut debt schemes to get Rs 2,918 crore
Ø Automakers expect better festive season this year even as chip shortage lingers on

Business Standard

Ø Amid rising spread in bond yields, FPIs net buyers in Aug, invest Rs 16k cr
Ø Adani, Vedanta, Birla groups lead Indian equity markets boom in 2021
Ø Govt likely to ask anchor investors to hold 25% in monetised roads
Ø Biggest sovereign wealth fund excludes ONGC from portfolio
Ø Sebi asks investors to link PAN with Aadhaar by Sep for smooth transactions
Ø Large investors booking profits in high beta, cyclical stocks: Analysts
Ø Indiabulls Housing Finance to launch Rs 1,000-cr public issue of bonds
Ø Cathie Wood's fintech ETF sells HDFC Bank for first time since May
Ø Despite chip shortage, automakers expect better festive season
Ø Moody's assigns B1(hyb) rating to Axis Bank's proposed AT-I capital bonds
Ø Fraudulent trading: Sebi confirms directions against ex-CNBC anchor, family

Financial Express

Ø Franklin Templeton Mutual Fund gets Rs 149-cr from Vodafone Idea
Ø Indian Sugar Mills Association urges PM Modi to immediately hike sugar MSP
Ø Snapdeal assessing IPO route: Sources
Ø SBI raises Rs 4,000 crore via AT1 bonds
Ø PGCIL seeks shareholders’ approval to raise up to Rs 6,000 cr via bonds, debentures
Ø Ami Organics IPO subscribed 64.54 times on closing day
Ø SaaS startups firming up plans for IPOs
Ø Sebi tweaks investor grievance redressal mechanism framework
Ø Financial bids for BPCL after September
Ø NTPC Darlipali Thermal Power Station's Unit 2 to start commercial operation from Sep 1
Ø ESDS Software files draft papers with Sebi; aims to raise Rs 1,300 crore

Mint

Ø Carlyle to raise $1 billion debt to acquire Hexaware
Ø Cairn ups ante in US court in its fight against India on tax
Ø Lenders fail to receive bids for Videocon group’s energy business
Ø Coal India’s volume growth offers hope, but sustainability holds key
Ø Varun Beverages set to gain from robust growth outlook
Ø HDFC Life’s buyout of Exide Life is promising beyond near-term pinch
Ø Policy harmonization will help our MSMEs create jobs
Ø Razorpay looks to raise up to $250 mn, eyes $4 bn valuation
Ø PI Industries’ investors draw comfort from CSM strength
Ø Higher prices, parts paucity may hit festive sales of autos
Ø India's space-tech startups steering a rough ride
Ø LTTS well placed to capture strong demand in ER&D spending: Motilal Oswal

Hari OM... Don't do this again... Think 1000x before investing. Make sure your principal will safe in long run, return comes later.

🇮🇳Business News Headlines

Economic Times

Ø Greater Noida Authority invites bids for ready to move shops, kiosks
Ø Byju’s posts Rs 262 Crore consolidated loss in FY20, revenue up 82%
Ø Govt shortlists 33 cos to benefit from Rs 12,000-crore telecom incentives
Ø Sebi to auction properties of Vibgyor, MPS Group of cos, Pailan Group of cos on Oct 4
Ø Tamilnad Mercantile Bank files DRHP for IPO with Sebi
Ø Edelweiss' Rs 400 crore public NCD oversubscribed
Ø Govt procures record 890 lakh tonnes of paddy for Rs 1.68 lakh crore so far this marketing year
Ø OVL in talks to buy stake in Russia's Vostok, Arctic LNG-2 project
Ø IREDA inks pact with TANGEDCO for renewable energy projects
Ø Power Infrastructure major Techno Electric plans $1 billion investment in data centers
Ø Biddano raises $2 Million from Coinbase, Pinterest board member, others
Ø Dukaan gets $11-million funding from 640 Oxford Ventures, others

Business Standard

Ø NMDC reduces prices, steel companies roll over Prices in September
Ø Capex Growth by states to be slower than target for FY22: CRISIL
Ø Parl Panel raises concerns with Sebi over high retail participation
Ø ADB approves $150 Mn loan to improve urban housing in Tamil Nadu
Ø Quality of rated debt dips in August 2021: CARE Ratings
Ø Equitas SFB expects to recast loans up to Rs 700 Crore by December
Ø Gold imports nearly double in August as prices dip ahead of festivals
Ø 75% kids see literacy loss as most schools remain shut, says survey
Ø Sebi bans 85 entities from Capital markets for fraudulent trading

Financial Express

Ø TSSC, BetterPlace tie up to facilitate frontline workforce hiring for Telecom sector
Ø Cargo traffic at major ports rises by 11.43 pc in August
Ø VIL’s balance sheet woes may impact financial lenders, others; govt support critical: ICRA
Ø LPG accounts for nearly 10% of monthly expenditure of rural households: Report
Ø Hesitancy to turn up for MGNREGS work on the decline as Covid scare subsides
Ø Net direct tax receipts up 95% on-year in FY22
Ø Ethereum competitor Solana ousts Dogecoin to become 7th largest cryptocurrency in the world
Ø Chemspec Chemicals, Northern Arc Capital get Sebi’s nod to float IPO
Ø Sugar output may drop to 30.5 mn tn next season with more cane diversion to ethanol

Mint

Ø Hetero’s  drug to treat covid gets DCGI nod
Ø India administers more than 1 cr covid-19 doses, thrice in last 11 days
Ø Aluminum hits decade high after Guinea coup imperils bauxite supplies
Ø Goldman’s Petershill to list $5 Billion vehicle in London
Ø NTPC to partner NIIF, ONGC to buy green Energy Projects
Ø TARC sells part of warehousing asset to Blackstone for ₹295 Crore
Ø Welspun becomes first Indian firm to get US FDA nod for 3 ply surgical masks
Ø Honeywell ties up with ICT Academy, to invest ₹10 Crore in skill building
Ø BMW orders ₹1.75 Lakh Crore batteries as Electric vehicle demand grows
Ø Vernacular edtech Vidyakul raises $500K in bridge round led by We Founder Circle

Power 💪⚡ of NPS_CAGR@15.81_Trust India 🇮🇳 and if you are in right asset class you will create wealth. Only one thing I know at the end everyone need Money.
When your small amount turns BIG in Investing,You never Know.
So, Keep Learning you will never Fail in Investing ~ Learning Mirror