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
🇮🇳Business News Headlines
Economic Times
Ø Ultratech emerges as preferred bidder for limestone block in MP
Ø TCS to bid for AI digitisation, US contracts: COO
Ø Vi, Airtel have Rs 42,000 Crore locked in cases against Government
Ø Tata Sons to form advisory team to guide on Air India integration
Ø Govt eyes over Rs 30,000 cr via bond sale to repay Air India's dues
Ø Govt receives over Rs 2,593 Crore dividend from NTPC, PGCIL this fiscal
Ø Indian economy on path to swift recovery: Finance Ministry report
Ø Indian economy poised to attain double-digit growth in FY22: PHDCCI
Ø Power outages risk to growth, add to retail inflation: Nomura
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 Semi-conductor crunch, high input costs to crimp Q2 show for auto sector
Ø Jhunjhunwala-backed Akasa Air gets no objection certificate from govt
Ø Zee-Sony merger deal not in interest of small shareholders: Invesco
Ø Tata Sons board meet on Tuesday to discuss Air India acquisition
Ø Ground-handling arm of Air India to be monetised first: DIPAM Secy
Ø Adani Ports to stop handling containers from Iran, Pak, Afghanistan
Ø Tata Motors reports 24% increase in group global wholesales in Q2
Ø RBI may hike rates in March qtr; coal and chip shortages a worry: Nomura
Ø Tesla car to be affordable in India, will cost Rs 35 Lakh, says Gadkari
Ø Recovery hopes, non-auto share are positives for Motherson Sumi
Financial Express
Ø Future Group firms convene shareholder, creditors meetings to seek approval for Reliance deal
Ø Bharti's OneWeb partners with ISRO for satellite launch in India; aims to enhance digital connectivity
Ø Coal ministry conducts pre-bid conference for auction of 11 mines
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 8,645 Crore
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 ABB Power Products gets shareholders' nod to rechristen company
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 Ultratech emerges as preferred bidder for limestone block in MP
Ø TCS to bid for AI digitisation, US contracts: COO
Ø Vi, Airtel have Rs 42,000 Crore locked in cases against Government
Ø Tata Sons to form advisory team to guide on Air India integration
Ø Govt eyes over Rs 30,000 cr via bond sale to repay Air India's dues
Ø Govt receives over Rs 2,593 Crore dividend from NTPC, PGCIL this fiscal
Ø Indian economy on path to swift recovery: Finance Ministry report
Ø Indian economy poised to attain double-digit growth in FY22: PHDCCI
Ø Power outages risk to growth, add to retail inflation: Nomura
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 Semi-conductor crunch, high input costs to crimp Q2 show for auto sector
Ø Jhunjhunwala-backed Akasa Air gets no objection certificate from govt
Ø Zee-Sony merger deal not in interest of small shareholders: Invesco
Ø Tata Sons board meet on Tuesday to discuss Air India acquisition
Ø Ground-handling arm of Air India to be monetised first: DIPAM Secy
Ø Adani Ports to stop handling containers from Iran, Pak, Afghanistan
Ø Tata Motors reports 24% increase in group global wholesales in Q2
Ø RBI may hike rates in March qtr; coal and chip shortages a worry: Nomura
Ø Tesla car to be affordable in India, will cost Rs 35 Lakh, says Gadkari
Ø Recovery hopes, non-auto share are positives for Motherson Sumi
Financial Express
Ø Future Group firms convene shareholder, creditors meetings to seek approval for Reliance deal
Ø Bharti's OneWeb partners with ISRO for satellite launch in India; aims to enhance digital connectivity
Ø Coal ministry conducts pre-bid conference for auction of 11 mines
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 8,645 Crore
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 ABB Power Products gets shareholders' nod to rechristen company
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
🇮🇳Business News Headlines
Economic Times
Ø Indian Economy is recovering from COVID-19 Crisis ; says World Bank President
Ø US inflation rises 5.4% from year ago, matching 13-year high
Ø Shriram Housing Fin gets Rs 300 Cr equity capital from parent firm
Ø NTPC in talks with banks to rescue ₹30,000 Crore debt-laden KSK Mahanadi Power
Ø Wipro Q2 Results: Consolidated profit up by 17% to Rs 2,930.6 Cr
Ø Global Debt jumps to a new high of $226 Trillion : IMF
Ø China exports up 28% in September; surplus with US at $42 Billion
Ø PayPal signs MoU with IIFT, launches India Digital Trade Facilitation Forum
Ø Infosys Q2 Net Profit jumps 11.8% YoY to Rs 5,421 Crore
Ø Insurtech startup GramCover raises $7 Million in a Series A round
Ø Melorra gets $24 Million funding from 9 Unicorns, others
Business Standard
Ø Gati Shakti to make Policymaking effective, cut needless expenses: PM Modi
Ø CIL arm Mahanadi Coalfields further raises daily coal despatch
Ø Mindtree second quarter net profit up by 57% to Rs 399 Crore
Ø Toch.ai raises $11.75 mn to scale up tech infra, expand into global markets
Ø Tata Group market cap surges $55bn since August to zoom past $300 bn
Ø Beauty and personal care co Plum to open 50 Offline stores in India by 2023
Ø InMobi to acquire London-based app ads performance tracker Appsumer
Ø Govt scraps basic Customs duty, cuts cess on crude palm, soy, sunflower oil
Ø India's October power supply deficit worst since March 2016
Financial Express
Ø Institutional investment in realty sector up 17 pc in July-Sep to USD 721 Mn; office saw 75 pc dip
Ø Route Mobile’s UAE arm to acquire stake in Kuwait-based Interteleco
Ø India looks at close to double digit growth this year: FM Nirmala Sitharaman
Ø Corporate Bond yields rise on uptick in government securities, withdrawal of G-SAP operations
Mint
Ø CarDekho is eyeing a Public listing in the next 18 Months : CEO Jain
Ø India-China trade on course to touch record $100 Billion-mark
Ø I-T Portal making steady progress, 1.9 Cr returns filed so far: Infosys CEO
Ø SuperQ signs MoU with IIT-Kharagpur to collaborate on Superconductor Research
Ø EU in talks to delay reforms for $61 trillion securities market
Ø India's Fuel Demand rises 5.2% in September
Ø Vested Finance ties up with SBM Bank for Forex transfers
Ø Piramal-Bain Capital fund IndiaRF invests ₹310 Crore in Primacy Industries
Ø Indian Bank, Fisdom tie up for Digital Gold, Pension Funds, Portfolio Management
Economic Times
Ø Indian Economy is recovering from COVID-19 Crisis ; says World Bank President
Ø US inflation rises 5.4% from year ago, matching 13-year high
Ø Shriram Housing Fin gets Rs 300 Cr equity capital from parent firm
Ø NTPC in talks with banks to rescue ₹30,000 Crore debt-laden KSK Mahanadi Power
Ø Wipro Q2 Results: Consolidated profit up by 17% to Rs 2,930.6 Cr
Ø Global Debt jumps to a new high of $226 Trillion : IMF
Ø China exports up 28% in September; surplus with US at $42 Billion
Ø PayPal signs MoU with IIFT, launches India Digital Trade Facilitation Forum
Ø Infosys Q2 Net Profit jumps 11.8% YoY to Rs 5,421 Crore
Ø Insurtech startup GramCover raises $7 Million in a Series A round
Ø Melorra gets $24 Million funding from 9 Unicorns, others
Business Standard
Ø Gati Shakti to make Policymaking effective, cut needless expenses: PM Modi
Ø CIL arm Mahanadi Coalfields further raises daily coal despatch
Ø Mindtree second quarter net profit up by 57% to Rs 399 Crore
Ø Toch.ai raises $11.75 mn to scale up tech infra, expand into global markets
Ø Tata Group market cap surges $55bn since August to zoom past $300 bn
Ø Beauty and personal care co Plum to open 50 Offline stores in India by 2023
Ø InMobi to acquire London-based app ads performance tracker Appsumer
Ø Govt scraps basic Customs duty, cuts cess on crude palm, soy, sunflower oil
Ø India's October power supply deficit worst since March 2016
Financial Express
Ø Institutional investment in realty sector up 17 pc in July-Sep to USD 721 Mn; office saw 75 pc dip
Ø Route Mobile’s UAE arm to acquire stake in Kuwait-based Interteleco
Ø India looks at close to double digit growth this year: FM Nirmala Sitharaman
Ø Corporate Bond yields rise on uptick in government securities, withdrawal of G-SAP operations
Mint
Ø CarDekho is eyeing a Public listing in the next 18 Months : CEO Jain
Ø India-China trade on course to touch record $100 Billion-mark
Ø I-T Portal making steady progress, 1.9 Cr returns filed so far: Infosys CEO
Ø SuperQ signs MoU with IIT-Kharagpur to collaborate on Superconductor Research
Ø EU in talks to delay reforms for $61 trillion securities market
Ø India's Fuel Demand rises 5.2% in September
Ø Vested Finance ties up with SBM Bank for Forex transfers
Ø Piramal-Bain Capital fund IndiaRF invests ₹310 Crore in Primacy Industries
Ø Indian Bank, Fisdom tie up for Digital Gold, Pension Funds, Portfolio Management
*On The Lighter Note*
Call ki Put par jeet
Mandi par Tezi ki Jeet
Stoploss par Target ki jeet
Aap sab k Jeewan me Jeet ka ye silsila bana rahe
Loss k Ravan ko Profit ka Ram hamesha harata rahe.
*Happy Vijayadashmi*
Call ki Put par jeet
Mandi par Tezi ki Jeet
Stoploss par Target ki jeet
Aap sab k Jeewan me Jeet ka ye silsila bana rahe
Loss k Ravan ko Profit ka Ram hamesha harata rahe.
*Happy Vijayadashmi*