🇮🇳Business News Headlines
Economic Times
Ø Biocon Biologics to offer 15% stake to Serum Institute Life Sciences
Ø JM Financial's subsidiary to raise up to Rs 500 Crore
Ø Sebi mulls carving out separate AIF category to buy distressed loans from banks
Ø Govt revenue from telecom in FY22 likely at Rs 28,000 Cr vs Rs 54,000 Cr budgeted: ICRA
Ø Ola Electric sells S1 Scooters worth over Rs 600 Crore in just one day, 4 units every second
Ø TVS Motor enters Europe's e-bike market, acquires Swiss company EGO Movement
Ø SBI cuts home loan interest rate to 6.7%, waives processing fees
Ø IPO-bound Pine Labs raises $100 Million from US Investment fund
Ø Ayu Health gets $6.3-million funding from Vertex, Stellaris and others
Ø Atomberg Technologies raises undisclosed sum from Ka Enterprises
Business Standard
Ø Bharti Airtel chairman Sunil Mittal dials Voda, Jio to strike synergy note
Ø Govt backs NARCL with Rs 30,600-Crore Guarantee for five years
Ø Moratorium under IBC applies only to corporate debtor not to promoters: SC
Ø Yatra Online evaluates additional listing of Indian arm on Indian Bourses
Ø JSW Steel raises $1 Billion via bonds issuance in overseas market
Ø Byju's continues Acquisition spree, buys US-based coding startup Tynker
Ø Power Finance Corp issues maiden Euro Green Bond, aims to mop up £300 Mn
Ø NITI Aayog for building 500 'healthy cities' to fight Covid-like Crisis
Ø Domestic Air Traffic in August jumps 34% sequentially, says DGCA
Ø Inflation is moderating faster than foreseen, proves MPC's call right: RBI
Ø Paras Defence's Rs 171 Cr IPO opens Sept 21, Price band Rs 165-175
Ø Growth-oriented tech cos' IPOs worth Rs 30,000 Cr in pipeline: Sebi chief
Financial Express
Ø Gold Jewellery retailers’ revenue likely to grow 12-14pc: Crisil
Ø NCLT approves amalgamation of Lincoln Parenteral & Lincoln Pharmaceuticals
Ø Sunteck Realty eyes Rs 9,000 Crore revenue in 7-8 years from new township project
Ø 52 Companies apply with Rs 6,000-Crore investment proposals for PLI scheme for AC, LED lights
Ø India’s coal-fired power output falls 1.5%, renewables jump in September
Ø BHEL commissions India’s largest floating solar plant in Andhra Pradesh
Ø Bidgely raises $26 mn from Moore Strategic Ventures, others
Ø RBI remains net purchaser of US dollar in July; buys USD 7.205 bn
Ø Issuance of commercial papers rises 47.8% year-on-year between April & August
Mint
Ø LOGOS leases warehousing centre to Amazon in $100 Million rental deal
Ø US to share nuclear submarine technology with Australia in new pact
Ø US jobless claims remained near pandemic low last week
Ø Kotak group acquires vehicle loan business of Volkswagen Finance
Ø Dassault Systèmes, NITI Aayog partner to boost innovations
Ø T+1 Settlement system is in interest of market participants: Sebi Chief
Ø White Oak Capital group gets Sebi nod to become sponsor of YES Mutual Fund
Ø D2C Online brand Flatheads raises $1 Million in pre-Series A round.
Economic Times
Ø Biocon Biologics to offer 15% stake to Serum Institute Life Sciences
Ø JM Financial's subsidiary to raise up to Rs 500 Crore
Ø Sebi mulls carving out separate AIF category to buy distressed loans from banks
Ø Govt revenue from telecom in FY22 likely at Rs 28,000 Cr vs Rs 54,000 Cr budgeted: ICRA
Ø Ola Electric sells S1 Scooters worth over Rs 600 Crore in just one day, 4 units every second
Ø TVS Motor enters Europe's e-bike market, acquires Swiss company EGO Movement
Ø SBI cuts home loan interest rate to 6.7%, waives processing fees
Ø IPO-bound Pine Labs raises $100 Million from US Investment fund
Ø Ayu Health gets $6.3-million funding from Vertex, Stellaris and others
Ø Atomberg Technologies raises undisclosed sum from Ka Enterprises
Business Standard
Ø Bharti Airtel chairman Sunil Mittal dials Voda, Jio to strike synergy note
Ø Govt backs NARCL with Rs 30,600-Crore Guarantee for five years
Ø Moratorium under IBC applies only to corporate debtor not to promoters: SC
Ø Yatra Online evaluates additional listing of Indian arm on Indian Bourses
Ø JSW Steel raises $1 Billion via bonds issuance in overseas market
Ø Byju's continues Acquisition spree, buys US-based coding startup Tynker
Ø Power Finance Corp issues maiden Euro Green Bond, aims to mop up £300 Mn
Ø NITI Aayog for building 500 'healthy cities' to fight Covid-like Crisis
Ø Domestic Air Traffic in August jumps 34% sequentially, says DGCA
Ø Inflation is moderating faster than foreseen, proves MPC's call right: RBI
Ø Paras Defence's Rs 171 Cr IPO opens Sept 21, Price band Rs 165-175
Ø Growth-oriented tech cos' IPOs worth Rs 30,000 Cr in pipeline: Sebi chief
Financial Express
Ø Gold Jewellery retailers’ revenue likely to grow 12-14pc: Crisil
Ø NCLT approves amalgamation of Lincoln Parenteral & Lincoln Pharmaceuticals
Ø Sunteck Realty eyes Rs 9,000 Crore revenue in 7-8 years from new township project
Ø 52 Companies apply with Rs 6,000-Crore investment proposals for PLI scheme for AC, LED lights
Ø India’s coal-fired power output falls 1.5%, renewables jump in September
Ø BHEL commissions India’s largest floating solar plant in Andhra Pradesh
Ø Bidgely raises $26 mn from Moore Strategic Ventures, others
Ø RBI remains net purchaser of US dollar in July; buys USD 7.205 bn
Ø Issuance of commercial papers rises 47.8% year-on-year between April & August
Mint
Ø LOGOS leases warehousing centre to Amazon in $100 Million rental deal
Ø US to share nuclear submarine technology with Australia in new pact
Ø US jobless claims remained near pandemic low last week
Ø Kotak group acquires vehicle loan business of Volkswagen Finance
Ø Dassault Systèmes, NITI Aayog partner to boost innovations
Ø T+1 Settlement system is in interest of market participants: Sebi Chief
Ø White Oak Capital group gets Sebi nod to become sponsor of YES Mutual Fund
Ø D2C Online brand Flatheads raises $1 Million in pre-Series A round.
🇮🇳Business News Headlines
Economic Times
Ø KEC International buys Gujarat company for Oil & Gas Projects
Ø Airtel commits to big cut in emissions by 2030-31
Ø SpiceJet gets shareholders’ nod to transfer cargo and logistics biz to subsidiary
Ø At Rs 3,750 crore, Reliance Industries to spend 25% more on JioPhone subsidy
Ø NSE-BSE bulk deals: CA Rover Holdings sells stake in SBI Cards
Ø Kotak buys 9.9% in KFin Technologies for Rs 310 crore
Ø IPO-bound Paytm employees add 5.45 lakh more shares for monetisation
Ø Paras Defence IPO subscribed 16.6 times on day 1
Ø Our IPO will provide bountiful rewards to employees: MobiKwik
Ø Shift to T+1 settlement cycle won’t impact India’s appeal to FPIs: Sriram Krishnan
Ø Kharif foodgrain output estimated at a record 150.50 million tonne this year, says Centre
Business Standard
Ø Adani takes on Mukesh Ambani, to invest $20 bn in renewable energy
Ø India plan for tighter e-commerce rules faces internal govt dissent: Report
Ø Street finds comfort in hospitality stocks on hopes of recovery in biz
Ø Tata Motors to hike commercial vehicle prices by around 2% from Oct 1
Ø State Bank of India prepared to support Tata group's bid for Air India
Ø Pharma companies lead topline growth in Q1FY22: ICICI Direct Research
Ø Godrej Consumer eyes double-digit growth in FY22, expansion across sections
Ø Tata Steel, JSW Steel betting big on tinplate
Ø Despite chip shortage, automakers expect better festive season
Ø FMCG major Emami aims decent margin in FY22 despite hike in input cost
Ø Adani takes on Mukesh Ambani, to invest $20 bn in renewable energy
Financial Express
Ø Govt clears sugar export subsidy worth Rs 1,800 crore so far this season
Ø Lenders seek fresh bids for Videocon
Ø VIL promoters likely to infuse equity
Ø ITC Rating: Buy – Status quo on tax is a positive for firm
Ø JSW Steel raises USD 1 bln through bonds issuance in overseas market
Ø Ami Organics IPO subscribed 64.54 times on closing day
Ø Godrej Consumer Products expects double-digit growth in FY'22
Ø CNG price may rise 10-11% in October
Ø Financial bids for BPCL after September
Ø Shorter settlement cycle is in interest of all market participants: Sebi chief
Ø Reforms in pipeline to deepen bond market: SEBI chief
Mint
Ø Vodafone Idea may get a surprise cash infusion
Ø Bad bank is here but don't expect a miracle on recoveries
Ø Drop in retail inflation is a comfort but some spoilers lie ahead
Ø Volume growth, deleveraging to boost JSW Steel’s earnings
Ø Varun Beverages set to gain from robust growth outlook
Ø HUL’s vision is good but valuations may cap stock’s near-term upsides
Ø Oil India’s efforts to pare debt help boost investor sentiment
Ø Chip shortage drives tech companies and car makers closer
Ø Reliance Infra to use ₹7,100 cr from DMRC arbitral award to repay debt'
Ø PNB appoints Rekha Jain as shareholder director, Asha Bhandarker steps down
Ø India's space-tech startups steering a rough ride
Ø Yes Bank, 6 others pay Sebi ₹1.65 cr to settle unfair trade case
Ø RIL in talks with China’s Hualu to make key component of solar panels
Economic Times
Ø KEC International buys Gujarat company for Oil & Gas Projects
Ø Airtel commits to big cut in emissions by 2030-31
Ø SpiceJet gets shareholders’ nod to transfer cargo and logistics biz to subsidiary
Ø At Rs 3,750 crore, Reliance Industries to spend 25% more on JioPhone subsidy
Ø NSE-BSE bulk deals: CA Rover Holdings sells stake in SBI Cards
Ø Kotak buys 9.9% in KFin Technologies for Rs 310 crore
Ø IPO-bound Paytm employees add 5.45 lakh more shares for monetisation
Ø Paras Defence IPO subscribed 16.6 times on day 1
Ø Our IPO will provide bountiful rewards to employees: MobiKwik
Ø Shift to T+1 settlement cycle won’t impact India’s appeal to FPIs: Sriram Krishnan
Ø Kharif foodgrain output estimated at a record 150.50 million tonne this year, says Centre
Business Standard
Ø Adani takes on Mukesh Ambani, to invest $20 bn in renewable energy
Ø India plan for tighter e-commerce rules faces internal govt dissent: Report
Ø Street finds comfort in hospitality stocks on hopes of recovery in biz
Ø Tata Motors to hike commercial vehicle prices by around 2% from Oct 1
Ø State Bank of India prepared to support Tata group's bid for Air India
Ø Pharma companies lead topline growth in Q1FY22: ICICI Direct Research
Ø Godrej Consumer eyes double-digit growth in FY22, expansion across sections
Ø Tata Steel, JSW Steel betting big on tinplate
Ø Despite chip shortage, automakers expect better festive season
Ø FMCG major Emami aims decent margin in FY22 despite hike in input cost
Ø Adani takes on Mukesh Ambani, to invest $20 bn in renewable energy
Financial Express
Ø Govt clears sugar export subsidy worth Rs 1,800 crore so far this season
Ø Lenders seek fresh bids for Videocon
Ø VIL promoters likely to infuse equity
Ø ITC Rating: Buy – Status quo on tax is a positive for firm
Ø JSW Steel raises USD 1 bln through bonds issuance in overseas market
Ø Ami Organics IPO subscribed 64.54 times on closing day
Ø Godrej Consumer Products expects double-digit growth in FY'22
Ø CNG price may rise 10-11% in October
Ø Financial bids for BPCL after September
Ø Shorter settlement cycle is in interest of all market participants: Sebi chief
Ø Reforms in pipeline to deepen bond market: SEBI chief
Mint
Ø Vodafone Idea may get a surprise cash infusion
Ø Bad bank is here but don't expect a miracle on recoveries
Ø Drop in retail inflation is a comfort but some spoilers lie ahead
Ø Volume growth, deleveraging to boost JSW Steel’s earnings
Ø Varun Beverages set to gain from robust growth outlook
Ø HUL’s vision is good but valuations may cap stock’s near-term upsides
Ø Oil India’s efforts to pare debt help boost investor sentiment
Ø Chip shortage drives tech companies and car makers closer
Ø Reliance Infra to use ₹7,100 cr from DMRC arbitral award to repay debt'
Ø PNB appoints Rekha Jain as shareholder director, Asha Bhandarker steps down
Ø India's space-tech startups steering a rough ride
Ø Yes Bank, 6 others pay Sebi ₹1.65 cr to settle unfair trade case
Ø RIL in talks with China’s Hualu to make key component of solar panels
🇮🇳Business News Headlines
Economic Times
Ø Sony comes to ZEE’s rescue, signs Term Sheet for Merger
Ø Tata-Airbus set to sign Rs 22,000 Cr deal to make Military Plane
Ø Tata Power plans to raise up to $750 Million for green business
Ø Indiabulls Housing Finance to raise USD 165 Mn via FCCBs
Ø Vodafone, Aditya Birla Group may put fresh equity into Vodafone Idea
Ø NSE-BSE bulk deals: Aditya Birla Sun Life MF buys stake in Ahluwalia Contracts
Ø Jubilant Ingrevia arm divests 10% stake in Safe Foods Corp for $18.2 Mn
Ø Fed signals bond-buying taper may start soon, split on 2022 rate hike
Ø Cognizant Technology Solutions India net profit falls 40% to Rs 3,265 Cr in FY21
Ø Shift to T+1 settlement cycle won’t impact India’s appeal to FPIs: Sriram Krishnan
Ø L&T commissions expansion project of Utkal alumina refinery
Business Standard
Ø Indian SaaS startup Freshworks lists on Nasdaq, eyes $10 Bn valuation
Ø Bharti, Reliance Jio tooled up for indigenous 5G Network trials
Ø China's debt-ridden Evergrande Group says it will make bond payment
Ø Aditya Birla AMC to launch Rs 3,000 Cr IPO Next Week
Ø State Bank of India prepared to support Tata group's bid for Air India
Ø Pharma companies lead topline growth in Q1FY22: ICICI Direct Research
Ø Godrej Consumer eyes double-digit growth in FY22, Expansion across sections
Ø Tata Steel, JSW Steel betting big on tinplate
Ø Despite chip shortage, automakers expect better festive season
Ø FMCG major Emami aims decent margin in FY22 despite hike in input cost
Ø Karvy money laundering case: ED conducts multiple raids across India
Financial Express
Ø Hariom Pipe Industries files IPO papers with Sebi
Ø Lenders seek fresh bids for Videocon
Ø VIL promoters likely to infuse equity
Ø ITC Rating: Buy – Status quo on tax is a positive for firm
Ø JSW Steel raises USD 1 Bln through bonds issuance in overseas market
Ø Agri exports jump 22% to $7.9 Bn in April-August
Ø Godrej Consumer Products expects double-digit growth in FY'22
Ø CNG price may rise 10-11% in October
Ø Financial bids for BPCL after September
Ø September sees strong FPI inflows; equities score over debt
Ø Govt issues new Quality specifications for Rice, Paddy Procurement
Mint
Ø India likely to block Chinese investment in LIC's Mega IPO
Ø Vodafone Idea will survive, confident of fundraising deal, says CEO
Ø Adani Group looks to invest $20 Billion in renewable energy
Ø Godrej Properties sells ₹575 Crore flats in Noida in just one day
Ø India’s Domestic Oil Production falls again in August; gas production up
Ø HUL’s vision is good but valuations may cap stock’s near-term upsides
Ø Oil India’s efforts to pare debt help boost investor sentiment
Ø Chip shortage drives Tech Companies and car makers closer
Ø Reliance Infra to use ₹7,100 Cr from DMRC arbitral award to repay debt'
Ø EV Charging brand joins hands with Park+ to set-up 10,000 EV Charging Stations
Ø India's Space-tech Startups steering a rough ride
Ø Reliance Industries rejects reports of JBF Industries acquisition
Ø Alkem Labs’ bets on Domestic Growth, Revival in US Market
Economic Times
Ø Sony comes to ZEE’s rescue, signs Term Sheet for Merger
Ø Tata-Airbus set to sign Rs 22,000 Cr deal to make Military Plane
Ø Tata Power plans to raise up to $750 Million for green business
Ø Indiabulls Housing Finance to raise USD 165 Mn via FCCBs
Ø Vodafone, Aditya Birla Group may put fresh equity into Vodafone Idea
Ø NSE-BSE bulk deals: Aditya Birla Sun Life MF buys stake in Ahluwalia Contracts
Ø Jubilant Ingrevia arm divests 10% stake in Safe Foods Corp for $18.2 Mn
Ø Fed signals bond-buying taper may start soon, split on 2022 rate hike
Ø Cognizant Technology Solutions India net profit falls 40% to Rs 3,265 Cr in FY21
Ø Shift to T+1 settlement cycle won’t impact India’s appeal to FPIs: Sriram Krishnan
Ø L&T commissions expansion project of Utkal alumina refinery
Business Standard
Ø Indian SaaS startup Freshworks lists on Nasdaq, eyes $10 Bn valuation
Ø Bharti, Reliance Jio tooled up for indigenous 5G Network trials
Ø China's debt-ridden Evergrande Group says it will make bond payment
Ø Aditya Birla AMC to launch Rs 3,000 Cr IPO Next Week
Ø State Bank of India prepared to support Tata group's bid for Air India
Ø Pharma companies lead topline growth in Q1FY22: ICICI Direct Research
Ø Godrej Consumer eyes double-digit growth in FY22, Expansion across sections
Ø Tata Steel, JSW Steel betting big on tinplate
Ø Despite chip shortage, automakers expect better festive season
Ø FMCG major Emami aims decent margin in FY22 despite hike in input cost
Ø Karvy money laundering case: ED conducts multiple raids across India
Financial Express
Ø Hariom Pipe Industries files IPO papers with Sebi
Ø Lenders seek fresh bids for Videocon
Ø VIL promoters likely to infuse equity
Ø ITC Rating: Buy – Status quo on tax is a positive for firm
Ø JSW Steel raises USD 1 Bln through bonds issuance in overseas market
Ø Agri exports jump 22% to $7.9 Bn in April-August
Ø Godrej Consumer Products expects double-digit growth in FY'22
Ø CNG price may rise 10-11% in October
Ø Financial bids for BPCL after September
Ø September sees strong FPI inflows; equities score over debt
Ø Govt issues new Quality specifications for Rice, Paddy Procurement
Mint
Ø India likely to block Chinese investment in LIC's Mega IPO
Ø Vodafone Idea will survive, confident of fundraising deal, says CEO
Ø Adani Group looks to invest $20 Billion in renewable energy
Ø Godrej Properties sells ₹575 Crore flats in Noida in just one day
Ø India’s Domestic Oil Production falls again in August; gas production up
Ø HUL’s vision is good but valuations may cap stock’s near-term upsides
Ø Oil India’s efforts to pare debt help boost investor sentiment
Ø Chip shortage drives Tech Companies and car makers closer
Ø Reliance Infra to use ₹7,100 Cr from DMRC arbitral award to repay debt'
Ø EV Charging brand joins hands with Park+ to set-up 10,000 EV Charging Stations
Ø India's Space-tech Startups steering a rough ride
Ø Reliance Industries rejects reports of JBF Industries acquisition
Ø Alkem Labs’ bets on Domestic Growth, Revival in US Market
🇮🇳Business News Headlines
Economic Times
Ø DoT gearing up for another mega spectrum Sale
Ø Novovax, Serum Institute seek WHO's approval for their COVID vaccine
Ø IIFL Finance to raise Rs 1,000 crore via bonds
Ø Vedanta to delist American depositary shares
Ø FPIs stock holding value soars to $630 bn as of Aug: Report
Ø Paras Defence IPO sees record 304.3 times subscription on Day 3
Ø Adani Enterprises incorporates wholly-owned arm Adani Digital Labs Pvt Ltd
Ø Bank deposits rise 12 per cent in FY21 on higher CASA growth: RBI data
Ø Reliance Jio adds nearly 3.5 million rural mobile users in July, Airtel and Vi lose: Trai
Ø Medikabazaar gets $75 million funding from Creaegis, CDC Group, others
Ø Y Combinator-backed Karbon Card raises $12 million in latest funding round
Business Standard
Ø Google files writ in Delhi HC against CCI alleging Confidential report leak
Ø Kolkata-based RP Sanjeev Goenka Group ventures into personal care
Ø Flipkart Wholesale expands into general merchandise ahead of festive season
Ø NFRA finds big gaps in statutory audit of IL&FS Transportation Networks
Ø Entitlement under SEIS for services exports in FY20 capped at Rs 5 crore
Ø Global services trade remains below pre-Covid levels, says WTO
Ø Trying to ease rules to make it easier for units to exit SEZs: Goyal
Ø FinMin officials to meet global rating agencies next week, may seek upgrade
Ø Govt shortlists four law firms to assist LIC IPO after failed first attempt
Ø Airtel's rights issue open Oct 5-21, priced at 26% discount to last close
Ø Some e-filing glitches remain, working with I-T dept: Infosys
Ø Ministry of Defence orders 118 Arjun tanks for over Rs 7,000 Crore
Ø Worsening chip shortage to cost world's automakers $210 billion
Ø Fitch Ratings cuts China's growth forecast to 8.1% on property curbs
Ø Real firm Casagrand plans IPO by next December to fund land acquisition
Financial Express
Ø Moody’s affirms Ba2 rating of GMR Hyderabad International Airport
Ø Dish TV gets requisition from Yes Bank to call EGM
Ø PFC, REC disburse Rs 85,000 crore to discoms under Atmanirbhar Bharat package
Ø Amazon infuses Rs 450 cr in Amazon Pay
Ø Coal India arm NCL joins hands with NTPC to install solar power project in MP
Ø Jubilant Foodworks acquires 25% stake in nutrition company Wellversed
Ø E-commerce cos to log 23% rise in gross GMV at over USD 9 bn during festive sale this year: RedSeer
Ø JSPL bags 278 MT Kasia iron ore mine in Odisha for captive use
Ø Upper middle class to revive consumption cycle again soon: Report
Ø India, UAE discuss deepening of trade, investment ties
Ø Agriculture minister recommends judicious use of chemicals in agriculture
Mint
Ø Oyo appoints banks for IPO, set to file draft papers in Oct
Ø UltraTech Cement commits to 100% renewable energy usage by 2050
Ø Indian Bank declares two NPA accounts worth ₹300 cr as fraud, reports to RBI
Ø PM Modi meets Qualcomm CEO, discusses semiconductor manufacturing
Ø Veranda acquires Edureka for ₹245 cr, deepens foray into edtech
Ø New platform backed by Fidelity, Goldman Seeks to bring IPO market into digital world
Ø IMD issues yellow alert for six districts of Himachal Pradesh
Ø Centre issues guidelines to limit coronavirus spread during festival seaon
Ø US jobless claims hover near pandemic low
Ø Accenture's new bookings at record $59.3 bn for full fiscal year, up 20%
Economic Times
Ø DoT gearing up for another mega spectrum Sale
Ø Novovax, Serum Institute seek WHO's approval for their COVID vaccine
Ø IIFL Finance to raise Rs 1,000 crore via bonds
Ø Vedanta to delist American depositary shares
Ø FPIs stock holding value soars to $630 bn as of Aug: Report
Ø Paras Defence IPO sees record 304.3 times subscription on Day 3
Ø Adani Enterprises incorporates wholly-owned arm Adani Digital Labs Pvt Ltd
Ø Bank deposits rise 12 per cent in FY21 on higher CASA growth: RBI data
Ø Reliance Jio adds nearly 3.5 million rural mobile users in July, Airtel and Vi lose: Trai
Ø Medikabazaar gets $75 million funding from Creaegis, CDC Group, others
Ø Y Combinator-backed Karbon Card raises $12 million in latest funding round
Business Standard
Ø Google files writ in Delhi HC against CCI alleging Confidential report leak
Ø Kolkata-based RP Sanjeev Goenka Group ventures into personal care
Ø Flipkart Wholesale expands into general merchandise ahead of festive season
Ø NFRA finds big gaps in statutory audit of IL&FS Transportation Networks
Ø Entitlement under SEIS for services exports in FY20 capped at Rs 5 crore
Ø Global services trade remains below pre-Covid levels, says WTO
Ø Trying to ease rules to make it easier for units to exit SEZs: Goyal
Ø FinMin officials to meet global rating agencies next week, may seek upgrade
Ø Govt shortlists four law firms to assist LIC IPO after failed first attempt
Ø Airtel's rights issue open Oct 5-21, priced at 26% discount to last close
Ø Some e-filing glitches remain, working with I-T dept: Infosys
Ø Ministry of Defence orders 118 Arjun tanks for over Rs 7,000 Crore
Ø Worsening chip shortage to cost world's automakers $210 billion
Ø Fitch Ratings cuts China's growth forecast to 8.1% on property curbs
Ø Real firm Casagrand plans IPO by next December to fund land acquisition
Financial Express
Ø Moody’s affirms Ba2 rating of GMR Hyderabad International Airport
Ø Dish TV gets requisition from Yes Bank to call EGM
Ø PFC, REC disburse Rs 85,000 crore to discoms under Atmanirbhar Bharat package
Ø Amazon infuses Rs 450 cr in Amazon Pay
Ø Coal India arm NCL joins hands with NTPC to install solar power project in MP
Ø Jubilant Foodworks acquires 25% stake in nutrition company Wellversed
Ø E-commerce cos to log 23% rise in gross GMV at over USD 9 bn during festive sale this year: RedSeer
Ø JSPL bags 278 MT Kasia iron ore mine in Odisha for captive use
Ø Upper middle class to revive consumption cycle again soon: Report
Ø India, UAE discuss deepening of trade, investment ties
Ø Agriculture minister recommends judicious use of chemicals in agriculture
Mint
Ø Oyo appoints banks for IPO, set to file draft papers in Oct
Ø UltraTech Cement commits to 100% renewable energy usage by 2050
Ø Indian Bank declares two NPA accounts worth ₹300 cr as fraud, reports to RBI
Ø PM Modi meets Qualcomm CEO, discusses semiconductor manufacturing
Ø Veranda acquires Edureka for ₹245 cr, deepens foray into edtech
Ø New platform backed by Fidelity, Goldman Seeks to bring IPO market into digital world
Ø IMD issues yellow alert for six districts of Himachal Pradesh
Ø Centre issues guidelines to limit coronavirus spread during festival seaon
Ø US jobless claims hover near pandemic low
Ø Accenture's new bookings at record $59.3 bn for full fiscal year, up 20%
🇮🇳Business News Headlines
Economic Times
Ø REC gets Shareholders' nod to raise up to Rs 85,000 Cr via bonds, debentures
Ø NTPC wins 1.9 GW Solar Projects under CPSU Scheme
Ø SpiceJet to resume Boeing 737 MAX flights from October 5
Ø Tata Group plans to bring all its airlines under a single entity
Ø Reliance eyes stake in Glance InMobi in a $300-Million deal
Ø JSPL to start mining at Kasia mine within a month: Managing director V R Sharma
Ø Indus Towers unlikely to benefit from relief package soon
Ø HDFC Bank aims to double rural presence in 2 years
Ø RBI imposes Rs 2 Crore penalty on RBL Bank
Ø Jio leads active wireless subscriber base, adds in July 6.1 million users: Trai data
Ø Shriram Housing Finance explores acquisition to grow in size
Business Standard
Ø Govt intends to complete BPCL disinvestment by March-end: Company chairman
Ø Oil Ministry mulls reinstating subsidised LPG prices, does survey
Ø Raymond consolidates tools & hardware, auto parts biz into engineering biz
Ø Coal shortage deepens in India amid plunging plant inventories
Ø Govt to borrow Rs 5.03 Trn in H2FY22 to fund revenue gap: Finance Ministry
Ø Aditya Birla AMC eyes Rs 20,500 Cr valuation in Rs 2,768 cr IPO
Ø Godrej Consumer eyes double-digit growth in FY22, expansion across sections
Ø Icra revises up India's fiscal 2022 GDP growth forecast to 9%
Ø Govt will mandate flex-fuel engines in vehicles in next 3-4 Months: Gadkari
Ø Govt to extend existing foreign Trade policy till March next: Goyal
Financial Express
Ø Basmati export prices looking up, amid drop seen in output
Ø Sebi confirms ban on 5 persons in Zee insider trading case
Ø Sebi releases revised risk management framework for MFs
Ø Corporate shareholders of Finolex Cables call board meets ahead of AGM
Ø Bond yields rise on sharp increase in oil prices
Ø Commerce Ministry for imposing anti-dumping duty on pharma API from China
Ø Godrej Consumer Products expects double-digit growth in FY'22
Ø Icra revises up India's fiscal 2022 GDP growth forecast to 9%
Ø Financial bids for BPCL after September
Ø Shorter settlement cycle is in interest of all market participants: Sebi chief
Ø Trying to ease rules to make it easier for units to exit SEZs: Goyal
Mint
Ø Paint manufacturers may face disruption from chip shortage
Ø SEBI proposes Higher net worth for brokers to tackle possible risks
Ø Merger mania is only part of the solution for asset managers
Ø The Sony-Zee game plan for Indian Premier League
Ø Sugar makers are in a sweet spot, but cane prices can be a bugbear
Ø RBI push to independently set reverse repo rate draws flak
Ø Oil India’s efforts to pare debt help boost investor sentiment
Ø Chip Shortage drives tech companies and car makers closer
Ø Reliance Infra to use ₹7,100 Cr from DMRC arbitral award to repay debt'
Ø Cognizant’s Humphries struggles to build stable Leadership
Ø Federal Bank partners with NPCI to launch credit card with lowest APR
Ø Tata Steel becomes 24th Company to join Sea Cargo Charter to meet climate goals
Ø HDFC Bank raises ₹5,000 Crore via Bonds
Economic Times
Ø REC gets Shareholders' nod to raise up to Rs 85,000 Cr via bonds, debentures
Ø NTPC wins 1.9 GW Solar Projects under CPSU Scheme
Ø SpiceJet to resume Boeing 737 MAX flights from October 5
Ø Tata Group plans to bring all its airlines under a single entity
Ø Reliance eyes stake in Glance InMobi in a $300-Million deal
Ø JSPL to start mining at Kasia mine within a month: Managing director V R Sharma
Ø Indus Towers unlikely to benefit from relief package soon
Ø HDFC Bank aims to double rural presence in 2 years
Ø RBI imposes Rs 2 Crore penalty on RBL Bank
Ø Jio leads active wireless subscriber base, adds in July 6.1 million users: Trai data
Ø Shriram Housing Finance explores acquisition to grow in size
Business Standard
Ø Govt intends to complete BPCL disinvestment by March-end: Company chairman
Ø Oil Ministry mulls reinstating subsidised LPG prices, does survey
Ø Raymond consolidates tools & hardware, auto parts biz into engineering biz
Ø Coal shortage deepens in India amid plunging plant inventories
Ø Govt to borrow Rs 5.03 Trn in H2FY22 to fund revenue gap: Finance Ministry
Ø Aditya Birla AMC eyes Rs 20,500 Cr valuation in Rs 2,768 cr IPO
Ø Godrej Consumer eyes double-digit growth in FY22, expansion across sections
Ø Icra revises up India's fiscal 2022 GDP growth forecast to 9%
Ø Govt will mandate flex-fuel engines in vehicles in next 3-4 Months: Gadkari
Ø Govt to extend existing foreign Trade policy till March next: Goyal
Financial Express
Ø Basmati export prices looking up, amid drop seen in output
Ø Sebi confirms ban on 5 persons in Zee insider trading case
Ø Sebi releases revised risk management framework for MFs
Ø Corporate shareholders of Finolex Cables call board meets ahead of AGM
Ø Bond yields rise on sharp increase in oil prices
Ø Commerce Ministry for imposing anti-dumping duty on pharma API from China
Ø Godrej Consumer Products expects double-digit growth in FY'22
Ø Icra revises up India's fiscal 2022 GDP growth forecast to 9%
Ø Financial bids for BPCL after September
Ø Shorter settlement cycle is in interest of all market participants: Sebi chief
Ø Trying to ease rules to make it easier for units to exit SEZs: Goyal
Mint
Ø Paint manufacturers may face disruption from chip shortage
Ø SEBI proposes Higher net worth for brokers to tackle possible risks
Ø Merger mania is only part of the solution for asset managers
Ø The Sony-Zee game plan for Indian Premier League
Ø Sugar makers are in a sweet spot, but cane prices can be a bugbear
Ø RBI push to independently set reverse repo rate draws flak
Ø Oil India’s efforts to pare debt help boost investor sentiment
Ø Chip Shortage drives tech companies and car makers closer
Ø Reliance Infra to use ₹7,100 Cr from DMRC arbitral award to repay debt'
Ø Cognizant’s Humphries struggles to build stable Leadership
Ø Federal Bank partners with NPCI to launch credit card with lowest APR
Ø Tata Steel becomes 24th Company to join Sea Cargo Charter to meet climate goals
Ø HDFC Bank raises ₹5,000 Crore via Bonds
🇮🇳Business News Headlines
Economic Times
Ø Piramal completes Acquisition of DHFL for Rs 34,250 Crore, Biggest Resolution in value terms
Ø UBL may have to take on debt for CCI's Rs 752 Crore penalty
Ø ED attaches assets of DHFL's Wadhawans
Ø NSE-BSE Bulk deals: Standard Life sells 5% stake in HDFC AMC
Ø RBI lifts prompt corrective action curbs from Indian Overseas Bank
Ø Sebi board okays steps to make M&As easier
Ø US-based PE fund CVC Cap leads race to buy Sajjan India
Ø RBI imposes Rs 2 Crore penalty on RBL Bank
Ø NTPC gets shareholders' nod to raise up to Rs 18,000 cr via bonds
Ø Shriram Housing Finance explores acquisition to grow in size
Business Standard
Ø RIL backs Saudi Aramco Chairman appointment as Independent Director
Ø DHFL acquisition to see Piramal Enterprises sharpen its retail focus
Ø Sebi introduces swing pricing to protect debt mutual fund investors
Ø Vodafone Idea reworking business plans after Govt reforms' Boost
Ø Govt to borrow Rs 5.03 trn in H2FY22 to fund revenue gap: Finance Ministry
Ø Aditya Birla AMC eyes Rs 20,500 cr valuation in Rs 2,768 cr IPO
Ø Godrej Consumer eyes double-digit growth in FY22, expansion across sections
Ø ICRA revises up India's fiscal 2022 GDP growth forecast to 9%
Ø Cabinet approves ECGC IPO, Rs 4,400 crore capital infusion: Goyal
Ø Govt to extend existing foreign trade policy till March next: Goyal
Financial Express
Ø Yields on corporate bond, treasury-bills, commercial papers rise on domestic concerns
Ø Invesco moves NCLT over extraordinary general meeting of ZEEL
Ø SBI signs pact with three NBFC-MFIs for co-lending to joint liability groups
Ø IDFC Mutual Fund launches #PaisonKoRokoMat campaign
Ø Bond yields rise on sharp increase in Oil Prices
Ø SpiceJet joins hands with travel portal EaseMyTrip
Ø SEBI bans Infosys employee from stock markets on insider trading charges, impounds Rs 2.6 crore
Ø ICRA revises up India's fiscal 2022 GDP growth forecast to 9%
Ø Financial bids for BPCL after September
Ø Shorter settlement cycle is in interest of all market participants: Sebi chief
Ø Trying to ease rules to make it easier for units to exit SEZs: Goyal
Mint
Ø Paint Manufacturers may face disruption from chip shortage
Ø Sebi proposes higher net worth for brokers to tackle possible risks
Ø Merger mania is only part of the solution for asset managers
Ø The Sony-Zee game plan for Indian Premier League
Ø Sugar makers are in a sweet spot, but cane prices can be a bugbear
Ø RBI push to independently set reverse repo rate draws flak
Ø Oil India’s efforts to pare debt help boost investor sentiment
Ø Chip shortage drives tech companies and car makers closer
Ø Reliance Infra to use ₹7,100 cr from DMRC arbitral award to repay debt'
Ø Cognizant’s Humphries struggles to build stable leadership
Ø Federal Bank partners with NPCI to launch credit card with lowest APR
Ø Tata Steel becomes 24th Company to join Sea Cargo Charter to meet climate goals
Ø HDFC Bank raises ₹5,000 Crore via bonds
Economic Times
Ø Piramal completes Acquisition of DHFL for Rs 34,250 Crore, Biggest Resolution in value terms
Ø UBL may have to take on debt for CCI's Rs 752 Crore penalty
Ø ED attaches assets of DHFL's Wadhawans
Ø NSE-BSE Bulk deals: Standard Life sells 5% stake in HDFC AMC
Ø RBI lifts prompt corrective action curbs from Indian Overseas Bank
Ø Sebi board okays steps to make M&As easier
Ø US-based PE fund CVC Cap leads race to buy Sajjan India
Ø RBI imposes Rs 2 Crore penalty on RBL Bank
Ø NTPC gets shareholders' nod to raise up to Rs 18,000 cr via bonds
Ø Shriram Housing Finance explores acquisition to grow in size
Business Standard
Ø RIL backs Saudi Aramco Chairman appointment as Independent Director
Ø DHFL acquisition to see Piramal Enterprises sharpen its retail focus
Ø Sebi introduces swing pricing to protect debt mutual fund investors
Ø Vodafone Idea reworking business plans after Govt reforms' Boost
Ø Govt to borrow Rs 5.03 trn in H2FY22 to fund revenue gap: Finance Ministry
Ø Aditya Birla AMC eyes Rs 20,500 cr valuation in Rs 2,768 cr IPO
Ø Godrej Consumer eyes double-digit growth in FY22, expansion across sections
Ø ICRA revises up India's fiscal 2022 GDP growth forecast to 9%
Ø Cabinet approves ECGC IPO, Rs 4,400 crore capital infusion: Goyal
Ø Govt to extend existing foreign trade policy till March next: Goyal
Financial Express
Ø Yields on corporate bond, treasury-bills, commercial papers rise on domestic concerns
Ø Invesco moves NCLT over extraordinary general meeting of ZEEL
Ø SBI signs pact with three NBFC-MFIs for co-lending to joint liability groups
Ø IDFC Mutual Fund launches #PaisonKoRokoMat campaign
Ø Bond yields rise on sharp increase in Oil Prices
Ø SpiceJet joins hands with travel portal EaseMyTrip
Ø SEBI bans Infosys employee from stock markets on insider trading charges, impounds Rs 2.6 crore
Ø ICRA revises up India's fiscal 2022 GDP growth forecast to 9%
Ø Financial bids for BPCL after September
Ø Shorter settlement cycle is in interest of all market participants: Sebi chief
Ø Trying to ease rules to make it easier for units to exit SEZs: Goyal
Mint
Ø Paint Manufacturers may face disruption from chip shortage
Ø Sebi proposes higher net worth for brokers to tackle possible risks
Ø Merger mania is only part of the solution for asset managers
Ø The Sony-Zee game plan for Indian Premier League
Ø Sugar makers are in a sweet spot, but cane prices can be a bugbear
Ø RBI push to independently set reverse repo rate draws flak
Ø Oil India’s efforts to pare debt help boost investor sentiment
Ø Chip shortage drives tech companies and car makers closer
Ø Reliance Infra to use ₹7,100 cr from DMRC arbitral award to repay debt'
Ø Cognizant’s Humphries struggles to build stable leadership
Ø Federal Bank partners with NPCI to launch credit card with lowest APR
Ø Tata Steel becomes 24th Company to join Sea Cargo Charter to meet climate goals
Ø HDFC Bank raises ₹5,000 Crore via bonds