🇮🇳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
You just create value, you will get more value in return....simple Funda to Grow in Life.
🇮🇳Business News Headlines
Economic Times
Ø Gokaladas Exports raises Rs300 Cr through QIP
Ø Piramal Enterprise gets Board nod for Demerger and listing of Pharma Business
Ø Reliance to bring 7-Eleven Convenience Stores in India
Ø India Inc to post 20% Revenue Growth in Q2: report
Ø Coffee Producers urge Finance minister Nirmala Sitharaman to restructure Rs 5,000 Crore outstanding loans
Ø Fitch slashes India's Growth forecast for FY22 to 8.7% from 10%, Sovereign rating unchanged
Ø India’s Unemployment rate falls sharply in September to 6.86%: CMIE
Ø Blackstone announces acquisition of visa outsourcing firm VFS Global
Ø India joins Global Coalition to protect 30% of the Earth by 2030
Ø Oberoi Realty Q2 Sales bookings jump over 2-fold to Rs 828.52 Cr
Ø Mutual funds remain most attractive tool of investment during pandemic: Survey
Ø Stader Labs raises $4 Million in round led by Pantera Capital
Business Standard
Ø Coal-parched steel, aluminium firms battle lower utilisation, higher costs
Ø Mukesh Ambani tops Forbes India rich list with $92 Billion net worth
Ø IIFL Finance bonds issue to close early on October 8 due to strong demand
Ø NCLAT gives more time to Zee to file reply to Invesco's plea for EGM
Ø Ola launches vehicle buying platform Ola Cars, names Arun Sirdeshmukh CEO
Ø Cloud kitchen startup Rebel Foods is 31st Indian unicorn, raises $175 mn
Ø Paytm in talks with sovereign wealth funds, BlackRock for IPO stakes
Ø Delhi Airport sees record number of passengers after second Covid-19 wave
Ø Centre releases Rs 40k cr to states/UTs to meet GST Compensation shortfall
Ø EXIM Bank plans to raise about $1 billion through bonds in January
Ø Life insurers see impressive 22% YoY growth in new business premium in Sept
Ø Global Debt to hit 260% of GDP, but low interest rates to help: S&P
Ø India to allow foreign tourists travelling by chartered flights from Oct 15
Ø World food prices rise for 2nd consecutive month, hit 10-year peak: FAO
Financial Express
Ø Emami Agrotech to invest Rs 1,500 crore over next 3 years, aims to become complete food company
Ø UPPCL cash gap swells to Rs 13000 crore in April-September period, dues to gencos at Rs 17,000 Crore
Ø Veritas Finance raises Rs 440 Crore in Series F round
Ø BPCL privatisation: SEBI unlikely to exempt open offers for Petronet, IGL
Ø NTPC, Électricité de France ink pact for international power project development opportunities
Ø Govt Policies directed at fostering competition: CEA
Ø Veritas Finance raises Rs 440 crore in Series F round
Mint
Ø Retail inflation may ease further to 4.5% in Sep
Ø Centre releases guidelines for cybersecurity in power sector for first time
Ø Pfizer-BioNTech seek US authorization of their Covid vaccine for kids aged 5-11
Ø IMF urges Governments to make fiscal plans to tame pandemic debt
Ø US initial jobless claims fell more than expected last week
Ø Twitter sells mobile ad firm MoPub to AppLovin for $1.05 billion
Ø Twin Health raises $140 mn for expansion
Ø LetsVenture’s new business entity Trica raises $3 million in seed funding
Ø Intent to hire is the highest in IT sector in India: TeamLease Report
Economic Times
Ø Gokaladas Exports raises Rs300 Cr through QIP
Ø Piramal Enterprise gets Board nod for Demerger and listing of Pharma Business
Ø Reliance to bring 7-Eleven Convenience Stores in India
Ø India Inc to post 20% Revenue Growth in Q2: report
Ø Coffee Producers urge Finance minister Nirmala Sitharaman to restructure Rs 5,000 Crore outstanding loans
Ø Fitch slashes India's Growth forecast for FY22 to 8.7% from 10%, Sovereign rating unchanged
Ø India’s Unemployment rate falls sharply in September to 6.86%: CMIE
Ø Blackstone announces acquisition of visa outsourcing firm VFS Global
Ø India joins Global Coalition to protect 30% of the Earth by 2030
Ø Oberoi Realty Q2 Sales bookings jump over 2-fold to Rs 828.52 Cr
Ø Mutual funds remain most attractive tool of investment during pandemic: Survey
Ø Stader Labs raises $4 Million in round led by Pantera Capital
Business Standard
Ø Coal-parched steel, aluminium firms battle lower utilisation, higher costs
Ø Mukesh Ambani tops Forbes India rich list with $92 Billion net worth
Ø IIFL Finance bonds issue to close early on October 8 due to strong demand
Ø NCLAT gives more time to Zee to file reply to Invesco's plea for EGM
Ø Ola launches vehicle buying platform Ola Cars, names Arun Sirdeshmukh CEO
Ø Cloud kitchen startup Rebel Foods is 31st Indian unicorn, raises $175 mn
Ø Paytm in talks with sovereign wealth funds, BlackRock for IPO stakes
Ø Delhi Airport sees record number of passengers after second Covid-19 wave
Ø Centre releases Rs 40k cr to states/UTs to meet GST Compensation shortfall
Ø EXIM Bank plans to raise about $1 billion through bonds in January
Ø Life insurers see impressive 22% YoY growth in new business premium in Sept
Ø Global Debt to hit 260% of GDP, but low interest rates to help: S&P
Ø India to allow foreign tourists travelling by chartered flights from Oct 15
Ø World food prices rise for 2nd consecutive month, hit 10-year peak: FAO
Financial Express
Ø Emami Agrotech to invest Rs 1,500 crore over next 3 years, aims to become complete food company
Ø UPPCL cash gap swells to Rs 13000 crore in April-September period, dues to gencos at Rs 17,000 Crore
Ø Veritas Finance raises Rs 440 Crore in Series F round
Ø BPCL privatisation: SEBI unlikely to exempt open offers for Petronet, IGL
Ø NTPC, Électricité de France ink pact for international power project development opportunities
Ø Govt Policies directed at fostering competition: CEA
Ø Veritas Finance raises Rs 440 crore in Series F round
Mint
Ø Retail inflation may ease further to 4.5% in Sep
Ø Centre releases guidelines for cybersecurity in power sector for first time
Ø Pfizer-BioNTech seek US authorization of their Covid vaccine for kids aged 5-11
Ø IMF urges Governments to make fiscal plans to tame pandemic debt
Ø US initial jobless claims fell more than expected last week
Ø Twitter sells mobile ad firm MoPub to AppLovin for $1.05 billion
Ø Twin Health raises $140 mn for expansion
Ø LetsVenture’s new business entity Trica raises $3 million in seed funding
Ø Intent to hire is the highest in IT sector in India: TeamLease Report
🇮🇳Business News Headlines
Economic Times
Ø Industrial Loan Growth turns negative in 2020-21
Ø NTPC pays Rs 3,054 Crore final dividend for 2020-21
Ø Mobikwik gets Sebi approval for Rs 1,900 Crore IPO
Ø India's Forex Reserves decline by over $1.16 Bn
Ø RBI says India’s inclusion in Global Bond index may happen in next few months
Ø India expected to grow by 8.3 per cent in 2021-22: World Bank
Ø OECD fixes minimum tax of 15% on MNCs from 2023
Ø Chintels India to invest Rs 400 Crore in developing 900,000 sq ft in Gurgaon
Ø Log 9 Materials raises $2 million from Petronas Ventures
Ø Short-video app Chingari raises $19 million in crypto funding
Business Standard
Ø RBI begins policy normalisation; maintains status quo on rates
Ø TCS Q2 Results: Consolidated PAT rises 14% to Rs 9,624 Cr, Revenue up 17%
Ø CEA Subramanian to leave finance ministry, will return to academia
Ø Govt issues guidelines for optimum utilisation of power generation capacity
Ø SIP inflows cross Rs 10,000 Cr -mark for first time in a month in Sept
Ø TSMC, Sony plan joint chip unit with $7.15-bn help from Japan Govt
Ø Gland Pharma gets tentative nod from USFDA for generic Sugammadex injection
Financial Express
Ø RBI working on offline digital payments framework, hikes IMPS limit to Rs 5 lakh
Ø Dr Agarwals Eye Hospital to invest Rs 1,000 Crore to more than double network
Ø Over 3 crore unorganised workers registered on e-Shram portal
Ø Auction process for 40 new Coal mines to begin next week: Govt
Ø Refractory industry faces high raw material, freight cost issue: IRMA
Ø RBI files insolvency pleas against two Srei Group firms in NCLT
Ø Motherson acquires majority stake in CIM Tools to foray into aerospace segment
Ø Govt directs Fertiliser Companies not to hike prices of DAP, other phosphatic nutrients
Ø Piyush Goyal stresses on re-negotiation of FTA with ASEAN to stop misuse
Ø RBI extends SLTRO facility for SFBs till December 31
Mint
Ø Hiring activity almost flat, grows 3% sequentially in September: Report
Ø Oil surges to $80 as Global Energy crisis threatens supplies
Ø GMR to expand Hyderabad airport with ₹6,300 Cr investment: Report
Ø Consumer Confidence rises as second covid wave ebbs
Ø Imported Edible Oils prices fell after import duty cut: Govt
Ø TCS to hire 35,000 Graduates in H2, taking total hiring count to 78,000 in F22
Ø US Employers add a weak 194,000 Jobs as Delta maintains hold
Ø Ishitva raises over $1 Million in Pre-Series A funding
Ø IFSCA launches Global FinTech Hackathon Series
Ø 10-year Bond yields surge to 18-month high on RBI Taper
Economic Times
Ø Industrial Loan Growth turns negative in 2020-21
Ø NTPC pays Rs 3,054 Crore final dividend for 2020-21
Ø Mobikwik gets Sebi approval for Rs 1,900 Crore IPO
Ø India's Forex Reserves decline by over $1.16 Bn
Ø RBI says India’s inclusion in Global Bond index may happen in next few months
Ø India expected to grow by 8.3 per cent in 2021-22: World Bank
Ø OECD fixes minimum tax of 15% on MNCs from 2023
Ø Chintels India to invest Rs 400 Crore in developing 900,000 sq ft in Gurgaon
Ø Log 9 Materials raises $2 million from Petronas Ventures
Ø Short-video app Chingari raises $19 million in crypto funding
Business Standard
Ø RBI begins policy normalisation; maintains status quo on rates
Ø TCS Q2 Results: Consolidated PAT rises 14% to Rs 9,624 Cr, Revenue up 17%
Ø CEA Subramanian to leave finance ministry, will return to academia
Ø Govt issues guidelines for optimum utilisation of power generation capacity
Ø SIP inflows cross Rs 10,000 Cr -mark for first time in a month in Sept
Ø TSMC, Sony plan joint chip unit with $7.15-bn help from Japan Govt
Ø Gland Pharma gets tentative nod from USFDA for generic Sugammadex injection
Financial Express
Ø RBI working on offline digital payments framework, hikes IMPS limit to Rs 5 lakh
Ø Dr Agarwals Eye Hospital to invest Rs 1,000 Crore to more than double network
Ø Over 3 crore unorganised workers registered on e-Shram portal
Ø Auction process for 40 new Coal mines to begin next week: Govt
Ø Refractory industry faces high raw material, freight cost issue: IRMA
Ø RBI files insolvency pleas against two Srei Group firms in NCLT
Ø Motherson acquires majority stake in CIM Tools to foray into aerospace segment
Ø Govt directs Fertiliser Companies not to hike prices of DAP, other phosphatic nutrients
Ø Piyush Goyal stresses on re-negotiation of FTA with ASEAN to stop misuse
Ø RBI extends SLTRO facility for SFBs till December 31
Mint
Ø Hiring activity almost flat, grows 3% sequentially in September: Report
Ø Oil surges to $80 as Global Energy crisis threatens supplies
Ø GMR to expand Hyderabad airport with ₹6,300 Cr investment: Report
Ø Consumer Confidence rises as second covid wave ebbs
Ø Imported Edible Oils prices fell after import duty cut: Govt
Ø TCS to hire 35,000 Graduates in H2, taking total hiring count to 78,000 in F22
Ø US Employers add a weak 194,000 Jobs as Delta maintains hold
Ø Ishitva raises over $1 Million in Pre-Series A funding
Ø IFSCA launches Global FinTech Hackathon Series
Ø 10-year Bond yields surge to 18-month high on RBI Taper
🇮🇳Business News Headlines
Economic Times
Ø Reliance New Energy Solar buys REC Solar Holdings for $771 Mn
Ø Air India sale: Govt to issue LoI to Tata Group on Monday
Ø Macrotech Developers sells Rs 3,000 Cr worth Properties in Apr-Sep; aims Rs 6,000 Cr sales in H2
Ø After Air India, Govt set to sell Alliance Air
Ø Ascent Capital-backed Radiant Cash Management Services files IPO papers
Ø India accounts for nearly 3% of global IPO proceeds worth $330.6 Bn in Jan-Sep
Ø Centre imposes stock limits on edible oils to soften prices in domestic market
Ø Govt initiates process for filling posts of independent directors in PSBs, FIs
Ø RBI imposes Rs 2 crore penalty on RBL Bank
Ø Bank of India raises Rs 1,800 cr via Basel-III-compliant bonds
Ø Tatas likely to raise up to Rs 15,000 crore in loans to support Air India purchase
Business Standard
Ø RIL to buy 40% stake in Sterling & Wilson Solar for Rs 2,850 Crore
Ø Reliance buys Norway's REC Solar Holdings from China's Bluestar for $771 mn
Ø EY burnishes its credentials with successful Air India sale to Tatas
Ø RBI keeps rates on hold to support recovery, 'sail towards normal times'
Ø Coal's problems are governance, not climate regulation
Ø Govt issues guidelines for optimum utilisation of power generation capacity
Ø Sebi asks exchanges, clearing corporations to display complaints on website
Ø Icra revises up India's fiscal 2022 GDP growth forecast to 9%
Ø Tesla car to be affordable in India, will cost Rs 35 lakh, says Gadkari
Ø NCLT asks Zee Entertainment to file reply to Invesco plea by October 22
Financial Express
Ø FPIs remain bullish on India, invest Rs 1,997 crore so far in October
Ø Sebi bars NCDEX from launching new mustard seed contracts
Ø CERC-Sebi dispute: Supreme Court decision paves way for power futures
Ø Sebi tweaks norms for REITs, InvITs on exit option for dissenting unit holders
Ø Bond yields rise on sharp increase in oil prices
Ø Reliance acquires Norway's REC Solar, 40% in Sterling & Wilson Solar for Rs 8,645crore
Ø SEBI bans Infosys employee from stock markets on insider trading charges, impounds Rs 2.6 crore
Ø GI tag for basmati rice: Nepal poses big threat to India, increase acreage
Ø Financial bids for BPCL after September
Ø Govt amends rules to allow 50% sale of coal from captive mines
Ø Real Estate: September numbers for Mumbai a positive
Mint
Ø The coal maker sitting pretty on tight supply and high prices
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 Cognizant’s Humphries struggles to build stable leadership
Ø Tata Steel becomes 24th company to join Sea Cargo Charter to meet climate goals
Ø NCR's real estate nightmare is coming to an end
Economic Times
Ø Reliance New Energy Solar buys REC Solar Holdings for $771 Mn
Ø Air India sale: Govt to issue LoI to Tata Group on Monday
Ø Macrotech Developers sells Rs 3,000 Cr worth Properties in Apr-Sep; aims Rs 6,000 Cr sales in H2
Ø After Air India, Govt set to sell Alliance Air
Ø Ascent Capital-backed Radiant Cash Management Services files IPO papers
Ø India accounts for nearly 3% of global IPO proceeds worth $330.6 Bn in Jan-Sep
Ø Centre imposes stock limits on edible oils to soften prices in domestic market
Ø Govt initiates process for filling posts of independent directors in PSBs, FIs
Ø RBI imposes Rs 2 crore penalty on RBL Bank
Ø Bank of India raises Rs 1,800 cr via Basel-III-compliant bonds
Ø Tatas likely to raise up to Rs 15,000 crore in loans to support Air India purchase
Business Standard
Ø RIL to buy 40% stake in Sterling & Wilson Solar for Rs 2,850 Crore
Ø Reliance buys Norway's REC Solar Holdings from China's Bluestar for $771 mn
Ø EY burnishes its credentials with successful Air India sale to Tatas
Ø RBI keeps rates on hold to support recovery, 'sail towards normal times'
Ø Coal's problems are governance, not climate regulation
Ø Govt issues guidelines for optimum utilisation of power generation capacity
Ø Sebi asks exchanges, clearing corporations to display complaints on website
Ø Icra revises up India's fiscal 2022 GDP growth forecast to 9%
Ø Tesla car to be affordable in India, will cost Rs 35 lakh, says Gadkari
Ø NCLT asks Zee Entertainment to file reply to Invesco plea by October 22
Financial Express
Ø FPIs remain bullish on India, invest Rs 1,997 crore so far in October
Ø Sebi bars NCDEX from launching new mustard seed contracts
Ø CERC-Sebi dispute: Supreme Court decision paves way for power futures
Ø Sebi tweaks norms for REITs, InvITs on exit option for dissenting unit holders
Ø Bond yields rise on sharp increase in oil prices
Ø Reliance acquires Norway's REC Solar, 40% in Sterling & Wilson Solar for Rs 8,645crore
Ø SEBI bans Infosys employee from stock markets on insider trading charges, impounds Rs 2.6 crore
Ø GI tag for basmati rice: Nepal poses big threat to India, increase acreage
Ø Financial bids for BPCL after September
Ø Govt amends rules to allow 50% sale of coal from captive mines
Ø Real Estate: September numbers for Mumbai a positive
Mint
Ø The coal maker sitting pretty on tight supply and high prices
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 Cognizant’s Humphries struggles to build stable leadership
Ø Tata Steel becomes 24th company to join Sea Cargo Charter to meet climate goals
Ø NCR's real estate nightmare is coming to an end