🇮🇳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
🇮🇳Business News Headlines
Economic Times
Ø Interest Rates of PPF, Sukanya Samriddhi Yojana, other post office schemes kept unchanged by Govt
Ø US slightly revises up its GDP Estimate for Q2 to 6.7%
Ø Non-food Bank Credit grows 6.7 pc in August: RBI Data
Ø NHPC gets shareholder nod to raise borrowing limit to Rs 40,000 Cr
Ø SBI, Union Bank, PNB pick up stake in NARCL
Ø Foreign Exchange reserves rise $34.1 bn in June quarter: RBI data
Ø HDFC Bank raises Rs 739 Crore via masala bond
Ø India set to become one of the largest digital markets: Piyush Goyal
Ø Fiscal deficit touches 31.1 % of annual target at end-August
Ø AIIB grants $356.67 mn loan for Chennai Metro; bank's total India funding rises to $6.7 bn
Ø India, Australia agree to sign a Comprehensive Economic Cooperation Agreement by 2022 end
Ø Core Sector output expanded by 11.6% in August compared to 9.9% in July
Ø Hiring Platform Relevel raises $20 Million from parent Unacademy
Ø Ola Electric gets $200 Million funding at $3 Billion valuation
Business Standard
Ø NCLT directs Zee Board to consider Invesco's requisition for EGM
Ø Social commerce startup Meesho raises $570 Mn, Valuation doubles to $4.9 Bn
Ø Adani Green arm acquires 40 Mw operating solar project in Odisha
Ø BP invests about Rs 97 Crore in BluSmart, its first fund in India
Ø Alteria announces final close of second venture debt fund at Rs 1,800 Cr
Ø NTPC's renewable arm signs first green term loan of Rs 500 Cr with BoI
Ø Emami eyes entry into new segments via acquisitions, investment in startups
Ø Airtel unit Nxtra to invest Rs 5,000 Cr to expand Data Centre business
Ø ONGC Videsh begins exploratory drilling in Bangladesh's Kanchan #1 well
Ø Tata Steel sells entire stake in NatSteel Holdings for $172 Million
Ø TCS wins MCX deal to transform its core systems for undisclosed sum
Ø Domestic Gas Price hiked to $2.9 per mBtu, ceiling raised to $6.3 per mBtu
Ø Govt seeks to empanel merchant bankers, legal advisors for share sales
Financial Express
Ø Airtel’s Nxtra to invest Rs 5,000 Crore, aims to boost its data centre capacity
Ø Govt issues guidelines for hydro power projects to get budgetary support
Ø Labour ministry ties up with Microsoft for digital skilling programme
Ø India reports current account surplus of USD 6.5 Bln in June quarter
Ø NITI Aayog ties up with Intel, Amazon Web Services to accelerate digital innovation for public use
Ø Isthara Parks raises funds from JM Financial Private Equity, Eagle Investments
Ø Monsoon at 99% of long-period average in June-September; withdrawal delayed
Ø Retail inflation for industrial workers eases to 4.79 pc in August
Ø Promoters of Sterling and Wilson Solar repay loans of Rs 740 Crore
Mint
Ø MEIL plans ₹20,000-cr debt to fund acquisition of PSUs
Ø Merck to buy Acceleron Pharma for $11.5 Billion
Ø NMDC eyes 47 MT Iron Ore Production in FY22, to spend ₹3,720 Cr on Capex
Ø Entrepreneur First announces investment in six Indian tech start-ups
Ø TCS Board to consider second interim dividend, announce Q2FY22 results on 8 Oct
Ø Max Life Insurance secures 10.8% market share among private life insurers
Ø RBI pegs State Governments' borrowing at ₹2.02 lakh cr in Dec quarter
Ø Telecom reforms to allow Vi to invest in new tech including 5G: Non-exec chairman Kapania
Ø Govt to make it mandatory for car manufacturers to produce flex-fuel engines
Ø Bank of India raises ₹1,800 Cr through Basel-III-compliant bonds
Ø US initial Jobless claims unexpectedly rise for a third week
Economic Times
Ø Interest Rates of PPF, Sukanya Samriddhi Yojana, other post office schemes kept unchanged by Govt
Ø US slightly revises up its GDP Estimate for Q2 to 6.7%
Ø Non-food Bank Credit grows 6.7 pc in August: RBI Data
Ø NHPC gets shareholder nod to raise borrowing limit to Rs 40,000 Cr
Ø SBI, Union Bank, PNB pick up stake in NARCL
Ø Foreign Exchange reserves rise $34.1 bn in June quarter: RBI data
Ø HDFC Bank raises Rs 739 Crore via masala bond
Ø India set to become one of the largest digital markets: Piyush Goyal
Ø Fiscal deficit touches 31.1 % of annual target at end-August
Ø AIIB grants $356.67 mn loan for Chennai Metro; bank's total India funding rises to $6.7 bn
Ø India, Australia agree to sign a Comprehensive Economic Cooperation Agreement by 2022 end
Ø Core Sector output expanded by 11.6% in August compared to 9.9% in July
Ø Hiring Platform Relevel raises $20 Million from parent Unacademy
Ø Ola Electric gets $200 Million funding at $3 Billion valuation
Business Standard
Ø NCLT directs Zee Board to consider Invesco's requisition for EGM
Ø Social commerce startup Meesho raises $570 Mn, Valuation doubles to $4.9 Bn
Ø Adani Green arm acquires 40 Mw operating solar project in Odisha
Ø BP invests about Rs 97 Crore in BluSmart, its first fund in India
Ø Alteria announces final close of second venture debt fund at Rs 1,800 Cr
Ø NTPC's renewable arm signs first green term loan of Rs 500 Cr with BoI
Ø Emami eyes entry into new segments via acquisitions, investment in startups
Ø Airtel unit Nxtra to invest Rs 5,000 Cr to expand Data Centre business
Ø ONGC Videsh begins exploratory drilling in Bangladesh's Kanchan #1 well
Ø Tata Steel sells entire stake in NatSteel Holdings for $172 Million
Ø TCS wins MCX deal to transform its core systems for undisclosed sum
Ø Domestic Gas Price hiked to $2.9 per mBtu, ceiling raised to $6.3 per mBtu
Ø Govt seeks to empanel merchant bankers, legal advisors for share sales
Financial Express
Ø Airtel’s Nxtra to invest Rs 5,000 Crore, aims to boost its data centre capacity
Ø Govt issues guidelines for hydro power projects to get budgetary support
Ø Labour ministry ties up with Microsoft for digital skilling programme
Ø India reports current account surplus of USD 6.5 Bln in June quarter
Ø NITI Aayog ties up with Intel, Amazon Web Services to accelerate digital innovation for public use
Ø Isthara Parks raises funds from JM Financial Private Equity, Eagle Investments
Ø Monsoon at 99% of long-period average in June-September; withdrawal delayed
Ø Retail inflation for industrial workers eases to 4.79 pc in August
Ø Promoters of Sterling and Wilson Solar repay loans of Rs 740 Crore
Mint
Ø MEIL plans ₹20,000-cr debt to fund acquisition of PSUs
Ø Merck to buy Acceleron Pharma for $11.5 Billion
Ø NMDC eyes 47 MT Iron Ore Production in FY22, to spend ₹3,720 Cr on Capex
Ø Entrepreneur First announces investment in six Indian tech start-ups
Ø TCS Board to consider second interim dividend, announce Q2FY22 results on 8 Oct
Ø Max Life Insurance secures 10.8% market share among private life insurers
Ø RBI pegs State Governments' borrowing at ₹2.02 lakh cr in Dec quarter
Ø Telecom reforms to allow Vi to invest in new tech including 5G: Non-exec chairman Kapania
Ø Govt to make it mandatory for car manufacturers to produce flex-fuel engines
Ø Bank of India raises ₹1,800 Cr through Basel-III-compliant bonds
Ø US initial Jobless claims unexpectedly rise for a third week