🇮🇳Business News Headlines
Economic Times
Ø Route Mobile shareholders approve raising Rs 2,000 cr via securities
Ø Indian tea exports may witness recovery as Kenyan government fixes minimum reserve price
Ø Gold imports jump multi-fold to USD 24 bn in Apr-Sep
Ø FPIs turn net sellers in capital markets in Oct so far, pull out net Rs 1,472 cr
Ø Max group firm MaxVIL plans to expand realty biz; looks to add at least two projects in FY22
Ø Max group firm MaxVIL plans to expand realty biz; looks to add at least two projects in FY22
Ø Dixon Tech plans to export 5G mm phone to US, jack up production capacity
Ø India looks at close to double digit growth this year: FM Sitharaman
Ø Govt receives financial bids for stake in Central Electronics
Ø Power Generation in eastern region logs 8 pc growth, others register decline
Business Standard
Ø Govt paying Rs 20 cr daily on Air India; handover soon: DIPAM Secy
Ø New subscribers to help Jio's Q2; tariff hikes to aid Airtel, VI: Analysts
Ø Reliance Industries looking at global tie-ups in renewables, says report
Ø IL&FS seeks NCLT approval to place Rs 4,000 crore of assets in InvIT
Ø Fund managers bulk up on financial stocks in September, shows data
Ø Former State Bank of India chief Rajnish Kumar joins BharatPe as chairman
Ø MobiKwik turns unicorn ahead of initial public offering
Ø Metals keep surging as supply cuts fuel inflation worry
Ø Tesla car to be affordable in India, will cost Rs 35 lakh, says Gadkari
Ø India 'has right' to 30% stake in Iran gas field even after contract change
Financial Express
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 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 Infosys raises FY22 outlook, Wipro hits $10 billion run rate
Ø CarDekho is eyeing a public listing in the next 18 months: CEO Jain
Ø Dish TV rejects Yes Bank’s proposal to hold an EGM
Ø The Sony-Zee game plan for Indian Premier League
Ø Unicorns see meteoric rise in valuations as their tribe increases
Ø Adani Wilmar’s IPO is likely to get Sebi approval this week
Ø Sajjan Jindal appointed chairman of World Steel Association
Ø EU in talks to delay reforms for $61 Trillion securities market
Ø Cognizant’s Humphries struggles to build stable leadership
Ø Oil-sensitive currencies get a bigger boost with crude above $80
Economic Times
Ø Route Mobile shareholders approve raising Rs 2,000 cr via securities
Ø Indian tea exports may witness recovery as Kenyan government fixes minimum reserve price
Ø Gold imports jump multi-fold to USD 24 bn in Apr-Sep
Ø FPIs turn net sellers in capital markets in Oct so far, pull out net Rs 1,472 cr
Ø Max group firm MaxVIL plans to expand realty biz; looks to add at least two projects in FY22
Ø Max group firm MaxVIL plans to expand realty biz; looks to add at least two projects in FY22
Ø Dixon Tech plans to export 5G mm phone to US, jack up production capacity
Ø India looks at close to double digit growth this year: FM Sitharaman
Ø Govt receives financial bids for stake in Central Electronics
Ø Power Generation in eastern region logs 8 pc growth, others register decline
Business Standard
Ø Govt paying Rs 20 cr daily on Air India; handover soon: DIPAM Secy
Ø New subscribers to help Jio's Q2; tariff hikes to aid Airtel, VI: Analysts
Ø Reliance Industries looking at global tie-ups in renewables, says report
Ø IL&FS seeks NCLT approval to place Rs 4,000 crore of assets in InvIT
Ø Fund managers bulk up on financial stocks in September, shows data
Ø Former State Bank of India chief Rajnish Kumar joins BharatPe as chairman
Ø MobiKwik turns unicorn ahead of initial public offering
Ø Metals keep surging as supply cuts fuel inflation worry
Ø Tesla car to be affordable in India, will cost Rs 35 lakh, says Gadkari
Ø India 'has right' to 30% stake in Iran gas field even after contract change
Financial Express
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 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 Infosys raises FY22 outlook, Wipro hits $10 billion run rate
Ø CarDekho is eyeing a public listing in the next 18 months: CEO Jain
Ø Dish TV rejects Yes Bank’s proposal to hold an EGM
Ø The Sony-Zee game plan for Indian Premier League
Ø Unicorns see meteoric rise in valuations as their tribe increases
Ø Adani Wilmar’s IPO is likely to get Sebi approval this week
Ø Sajjan Jindal appointed chairman of World Steel Association
Ø EU in talks to delay reforms for $61 Trillion securities market
Ø Cognizant’s Humphries struggles to build stable leadership
Ø Oil-sensitive currencies get a bigger boost with crude above $80
🇮🇳Business News Headlines
Economic Times
Ø JSW Steel well placed to weather inflation and downcycles
Ø FPIs go big on auto as prospects look up
Ø UBS says India's equity valuations are unattractive, double upgrades China
Ø FPIs remain net sellers in Oct, pull out Rs 3,825 cr
Ø M-cap of five out of top 10 most valued firms down by over Rs 1.42 lakh cr; HUL, RIL most hit
Ø India high cost environment for airlines; critical to empower AERA: IATA
Ø India Inc earnings, US data, Fed taper talk to drive market this week
Ø India looks at close to double digit growth this year: FM Sitharaman
Ø Govt receives financial bids for stake in Central Electronics
Ø Strong GDP growth expected in coming quarters: PHDCCI
Business Standard
Ø Fiscal deficit likely to stay at budget estimate of 6.8% of GDP in 2021-22
Ø Vodafone Idea accepts four-year payment moratorium on AGR dues
Ø Higher raw material costs dent Nestle's operational performance in Sept qtr
Ø Govt must withdraw orders on transfer of SEZ units' assets
Ø Nykaa IPO to open on October 28; priced at Rs 1,085-1,125 apiece
Ø Dish TV Rs 1,000 cr rights issue critical for survival: Company executive
Ø YES Bank to take 2 more years to stabilise, says former SBI chief
Ø China's curbs on fertiliser exports may affect India, says report
Ø Tesla car to be affordable in India, will cost Rs 35 lakh, says Gadkari
Ø Reliance Retail acquires 52% stake in designer Ritu Kumar's company
Financial Express
Ø Moody's upgrades banking system outlook to 'stable'; economic recovery to drive credit growth
Ø Bharti's OneWeb partners with ISRO for satellite launch in India; aims to enhance digital connectivity
Ø Securitisation transactions witness improvement in collection efficiency in August
Ø Sebi tweaks norms for REITs, InvITs on exit option for dissenting unit holders
Ø India warns of high oil prices hurting global economic recovery
Ø No application for virtual internship to be entertained: Sebi
Ø Sebi nod to Rs 6K-crore PolicyBazaar IPO
Ø Tea imports from Nepal hurting Indian tea industry
Ø Financial bids for BPCL after September
Ø Tax implications on capital gains earned by NRIs
Ø Cotton association lowers current season’s crop estimate
Mint
Ø Infosys raises FY22 outlook, Wipro hits $10 billion run rate
Ø CarDekho is eyeing a public listing in the next 18 months: CEO Jain
Ø Dish TV rejects Yes Bank’s proposal to hold an EGM
Ø The Sony-Zee game plan for Indian Premier League
Ø Unicorns see meteoric rise in valuations as their tribe increases
Ø Adani Wilmar’s IPO is likely to get Sebi approval this week
Ø Sajjan Jindal appointed chairman of World Steel Association
Ø EU in talks to delay reforms for $61 trillion securities market
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 Tata Sons and a $2 billion plan for super app Tata Neu
Ø Tata Steel becomes 24th company to join Sea Cargo Charter to meet climate goals
Ø Zee-Sony merger may have a big backer in LIC
Economic Times
Ø JSW Steel well placed to weather inflation and downcycles
Ø FPIs go big on auto as prospects look up
Ø UBS says India's equity valuations are unattractive, double upgrades China
Ø FPIs remain net sellers in Oct, pull out Rs 3,825 cr
Ø M-cap of five out of top 10 most valued firms down by over Rs 1.42 lakh cr; HUL, RIL most hit
Ø India high cost environment for airlines; critical to empower AERA: IATA
Ø India Inc earnings, US data, Fed taper talk to drive market this week
Ø India looks at close to double digit growth this year: FM Sitharaman
Ø Govt receives financial bids for stake in Central Electronics
Ø Strong GDP growth expected in coming quarters: PHDCCI
Business Standard
Ø Fiscal deficit likely to stay at budget estimate of 6.8% of GDP in 2021-22
Ø Vodafone Idea accepts four-year payment moratorium on AGR dues
Ø Higher raw material costs dent Nestle's operational performance in Sept qtr
Ø Govt must withdraw orders on transfer of SEZ units' assets
Ø Nykaa IPO to open on October 28; priced at Rs 1,085-1,125 apiece
Ø Dish TV Rs 1,000 cr rights issue critical for survival: Company executive
Ø YES Bank to take 2 more years to stabilise, says former SBI chief
Ø China's curbs on fertiliser exports may affect India, says report
Ø Tesla car to be affordable in India, will cost Rs 35 lakh, says Gadkari
Ø Reliance Retail acquires 52% stake in designer Ritu Kumar's company
Financial Express
Ø Moody's upgrades banking system outlook to 'stable'; economic recovery to drive credit growth
Ø Bharti's OneWeb partners with ISRO for satellite launch in India; aims to enhance digital connectivity
Ø Securitisation transactions witness improvement in collection efficiency in August
Ø Sebi tweaks norms for REITs, InvITs on exit option for dissenting unit holders
Ø India warns of high oil prices hurting global economic recovery
Ø No application for virtual internship to be entertained: Sebi
Ø Sebi nod to Rs 6K-crore PolicyBazaar IPO
Ø Tea imports from Nepal hurting Indian tea industry
Ø Financial bids for BPCL after September
Ø Tax implications on capital gains earned by NRIs
Ø Cotton association lowers current season’s crop estimate
Mint
Ø Infosys raises FY22 outlook, Wipro hits $10 billion run rate
Ø CarDekho is eyeing a public listing in the next 18 months: CEO Jain
Ø Dish TV rejects Yes Bank’s proposal to hold an EGM
Ø The Sony-Zee game plan for Indian Premier League
Ø Unicorns see meteoric rise in valuations as their tribe increases
Ø Adani Wilmar’s IPO is likely to get Sebi approval this week
Ø Sajjan Jindal appointed chairman of World Steel Association
Ø EU in talks to delay reforms for $61 trillion securities market
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 Tata Sons and a $2 billion plan for super app Tata Neu
Ø Tata Steel becomes 24th company to join Sea Cargo Charter to meet climate goals
Ø Zee-Sony merger may have a big backer in LIC
🇮🇳Business News Headlines
Economic Times
Ø Maruti Suzuki plans to widen CNG Portfolio as petrol, diesel prices rise
Ø L&T's Construction arm bags 'large' order from CPWD
Ø UTI AMC Q2 results: Net Profit up 68% to Rs 199 Crore
Ø Reliance Infra Q2 results: Co reports net loss at Rs 287 Cr
Ø Fino Payments Bank raises Rs 539 Cr from anchor investors ahead of IPO
Ø IMF advises RBI to go slow on reserves accumulation
Ø Centre releases balance Rs 44,000 crore to states to meet GST compensation shortfall
Ø Smartphone shipment dips 2% to 52 million units in September qtr: Counterpoint
Ø Govt asks IRCTC to share 50% of revenue from convenience fee
Ø Hypto raises $3 Million in seed funding from Stellaris, others
Ø Petcare startup Wiggles raises $5.5 million from Anthill Ventures, others
Ø US returns 248 antiquities valued at $15 million to India
Business Standard
Ø Less than 1% of Companies went for restructuring under second offer: Crisil
Ø IndiGo Q2 results: Loss widens 20% to Rs 1,435 cr on rising crude oil
Ø JK Tyre Profit falls 41% in September quarter on back of rising input costs
Ø UCO Bank logs multifold jump in Q2 net profit at Rs 205 Crore
Ø Govt fast-tracks planning, approval process for power transmission projects
Ø Morgan Stanley downgrades Indian markets, advises partial sell-off
Ø Sugar output pegged lower by 2.2% for 2021-22 season: ISMA
Ø Govt extends nationwide containment measures till November 30
Ø Utilities' Sept coal imports at 7 yr-low despite call to boost shipments
Ø US President Joe Biden unveils plan to invest $555 bn on green energy
Financial Express
Ø India smartphone shipments decline 2% Y-o-Y in Q3 2021: Counterpoint
Ø Indian Bank Q2 net profit jumps 164% to Rs 1,089 Crore
Ø DLF Q2 FY22 net profit up 61% to Rs 380 crore
Ø Reliance Jio clears all dues amounting to Rs 10,700 Crore for 2016 spectrum auction
Ø NTPC Quarterly Profit rises to Rs 3,691 crore
Ø SBI Card Q2 net jumps 67 pc to Rs 345 cr
Ø Anarock sells housing properties worth Rs 8,084 cr on behalf of builders in Apr-Sep; 82% annual rise
Ø Sitharaman to attend G-20 joint finance, health ministers meet in Rome
Ø NBFCs rush to issue ultra-short-term debt papers to fund IPOs
Mint
Ø Fundraising via initial public offerings may be near ₹1 tn in 2021
Ø Trentar acquires 75% stake in drone propulsion system startup Trishula
Ø Centre receives ₹413 crore as dividend from NBCC, NALCO, 3 other CPSEs
Ø Tata Power’s Q2 profit up 36% to ₹506 crore on cost savings
Ø Infosys, bp sign pact to develop 'Energy as a Service' solution
Ø US jobless claims fall to new pandemic low
Ø UniPin Partners with MobiKwik to redefine payment experience for users
Ø Geojit Q2 Net Profit rises 22% to ₹40.5 crore
Ø Star India reports profits of ₹1,395 crore for FY21
Ø Eldeco raises ₹275 Crore debt from Tata Capital for mid-income housing projects
Ø Avanti Finance raises $15 Million in Series A Extension
Economic Times
Ø Maruti Suzuki plans to widen CNG Portfolio as petrol, diesel prices rise
Ø L&T's Construction arm bags 'large' order from CPWD
Ø UTI AMC Q2 results: Net Profit up 68% to Rs 199 Crore
Ø Reliance Infra Q2 results: Co reports net loss at Rs 287 Cr
Ø Fino Payments Bank raises Rs 539 Cr from anchor investors ahead of IPO
Ø IMF advises RBI to go slow on reserves accumulation
Ø Centre releases balance Rs 44,000 crore to states to meet GST compensation shortfall
Ø Smartphone shipment dips 2% to 52 million units in September qtr: Counterpoint
Ø Govt asks IRCTC to share 50% of revenue from convenience fee
Ø Hypto raises $3 Million in seed funding from Stellaris, others
Ø Petcare startup Wiggles raises $5.5 million from Anthill Ventures, others
Ø US returns 248 antiquities valued at $15 million to India
Business Standard
Ø Less than 1% of Companies went for restructuring under second offer: Crisil
Ø IndiGo Q2 results: Loss widens 20% to Rs 1,435 cr on rising crude oil
Ø JK Tyre Profit falls 41% in September quarter on back of rising input costs
Ø UCO Bank logs multifold jump in Q2 net profit at Rs 205 Crore
Ø Govt fast-tracks planning, approval process for power transmission projects
Ø Morgan Stanley downgrades Indian markets, advises partial sell-off
Ø Sugar output pegged lower by 2.2% for 2021-22 season: ISMA
Ø Govt extends nationwide containment measures till November 30
Ø Utilities' Sept coal imports at 7 yr-low despite call to boost shipments
Ø US President Joe Biden unveils plan to invest $555 bn on green energy
Financial Express
Ø India smartphone shipments decline 2% Y-o-Y in Q3 2021: Counterpoint
Ø Indian Bank Q2 net profit jumps 164% to Rs 1,089 Crore
Ø DLF Q2 FY22 net profit up 61% to Rs 380 crore
Ø Reliance Jio clears all dues amounting to Rs 10,700 Crore for 2016 spectrum auction
Ø NTPC Quarterly Profit rises to Rs 3,691 crore
Ø SBI Card Q2 net jumps 67 pc to Rs 345 cr
Ø Anarock sells housing properties worth Rs 8,084 cr on behalf of builders in Apr-Sep; 82% annual rise
Ø Sitharaman to attend G-20 joint finance, health ministers meet in Rome
Ø NBFCs rush to issue ultra-short-term debt papers to fund IPOs
Mint
Ø Fundraising via initial public offerings may be near ₹1 tn in 2021
Ø Trentar acquires 75% stake in drone propulsion system startup Trishula
Ø Centre receives ₹413 crore as dividend from NBCC, NALCO, 3 other CPSEs
Ø Tata Power’s Q2 profit up 36% to ₹506 crore on cost savings
Ø Infosys, bp sign pact to develop 'Energy as a Service' solution
Ø US jobless claims fall to new pandemic low
Ø UniPin Partners with MobiKwik to redefine payment experience for users
Ø Geojit Q2 Net Profit rises 22% to ₹40.5 crore
Ø Star India reports profits of ₹1,395 crore for FY21
Ø Eldeco raises ₹275 Crore debt from Tata Capital for mid-income housing projects
Ø Avanti Finance raises $15 Million in Series A Extension
🇮🇳Business News Headlines
Economic Times
Ø Finance Ministry issues uniform norms for accountability to protect bonafide decision of bankers
Ø 2-week UN Climate Summit formally opens in Glasgow
Ø Aurum PropTech to pick up 49% Stake in Integrow Asset Management for Rs 25 Cr
Ø FPIs turn net sellers in Oct; pull out Rs 12,278 Cr
Ø Godawari Power and Ispat Q2 Results: Net jumps over two-fold to Rs 267 Cr
Ø Crop Insurance claims at Rs 9,570 Cr for 2020-21 lower by over 60 pc from previous year
Ø Saudi Aramco sees third-quarter income rise to USD 30.4 Billion
Ø ASK Realty Fund gets nod to set up AIF in GIFT City
Ø Zepto raises $60 Million to deliver groceries in 10 Minutes
Business Standard
Ø LIC Shareholding in listed companies drops to lowest in over a decade
Ø Jio's new smartphone no disruptor, but will drive ARPU growth: Analysts
Ø DLF to launch projects in medium term with sales of about Rs 40,000 Crore
Ø BharatPe plans $5 bn loan book to help small businesses with credit: CEO
Ø Zydus to knock Covid vax price to Rs 265 a dose, decision soon: Sources
Ø China corners bulk of foreign flows in September among emerging markets
Ø Five IPOs to hit mkt in first half of Nov; seek to raise over Rs 27,000 Cr
Ø Fuel prices hiked for 4th straight day; petrol crosses Rs 120 mark in MP
Ø NTPC places order for 9.3 lakh tonne biomass pellets for co-firing
Financial Express
Ø Captive coal output rises 35% in H1 as Coal India falters
Ø Cement, Steel industries should use green hydrogen for energy: Union minister Nitin Gadkari
Ø India, UK to launch solar Green Grids Initiative at COP26
Ø Most Indian firms to increase cybersecurity budget in 2022: PwC Survey
Ø Cooperative sector can turn India into USD 5-trillion economy, make agriculture ‘atmanirbhar’: Amit Shah
Ø Jewellers expecting strong demand during Dhanteras
Mint
Ø B Capital, others invest $50 mn in Fi
Ø Aadhaar eKYC allowed for Atal Pension Yojana subscription: PFRDA
Ø Ola electric scooter's second purchase window delayed to December 16
Ø At G-20 Summit, US agrees to relax tariffs on European steel
Ø Last seven years on track to be hottest on record: UN
Ø Non-metro buyers fuel festive sales on Amazon
Ø Toyota Kirloskar Motor sells 12,440 units in the month of October
Ø Over 3.54 lakh road accidents in 2020; More than 60% due to overspeeding: Report
Economic Times
Ø Finance Ministry issues uniform norms for accountability to protect bonafide decision of bankers
Ø 2-week UN Climate Summit formally opens in Glasgow
Ø Aurum PropTech to pick up 49% Stake in Integrow Asset Management for Rs 25 Cr
Ø FPIs turn net sellers in Oct; pull out Rs 12,278 Cr
Ø Godawari Power and Ispat Q2 Results: Net jumps over two-fold to Rs 267 Cr
Ø Crop Insurance claims at Rs 9,570 Cr for 2020-21 lower by over 60 pc from previous year
Ø Saudi Aramco sees third-quarter income rise to USD 30.4 Billion
Ø ASK Realty Fund gets nod to set up AIF in GIFT City
Ø Zepto raises $60 Million to deliver groceries in 10 Minutes
Business Standard
Ø LIC Shareholding in listed companies drops to lowest in over a decade
Ø Jio's new smartphone no disruptor, but will drive ARPU growth: Analysts
Ø DLF to launch projects in medium term with sales of about Rs 40,000 Crore
Ø BharatPe plans $5 bn loan book to help small businesses with credit: CEO
Ø Zydus to knock Covid vax price to Rs 265 a dose, decision soon: Sources
Ø China corners bulk of foreign flows in September among emerging markets
Ø Five IPOs to hit mkt in first half of Nov; seek to raise over Rs 27,000 Cr
Ø Fuel prices hiked for 4th straight day; petrol crosses Rs 120 mark in MP
Ø NTPC places order for 9.3 lakh tonne biomass pellets for co-firing
Financial Express
Ø Captive coal output rises 35% in H1 as Coal India falters
Ø Cement, Steel industries should use green hydrogen for energy: Union minister Nitin Gadkari
Ø India, UK to launch solar Green Grids Initiative at COP26
Ø Most Indian firms to increase cybersecurity budget in 2022: PwC Survey
Ø Cooperative sector can turn India into USD 5-trillion economy, make agriculture ‘atmanirbhar’: Amit Shah
Ø Jewellers expecting strong demand during Dhanteras
Mint
Ø B Capital, others invest $50 mn in Fi
Ø Aadhaar eKYC allowed for Atal Pension Yojana subscription: PFRDA
Ø Ola electric scooter's second purchase window delayed to December 16
Ø At G-20 Summit, US agrees to relax tariffs on European steel
Ø Last seven years on track to be hottest on record: UN
Ø Non-metro buyers fuel festive sales on Amazon
Ø Toyota Kirloskar Motor sells 12,440 units in the month of October
Ø Over 3.54 lakh road accidents in 2020; More than 60% due to overspeeding: Report
🇮🇳Business News Headlines
Economic Times
Ø India's top Steelmakers hike prices by Rs 3,000 - Rs 3,500 a Tonne due to rising cost inflation
Ø Exports rise for 11th month, up 43.3% in October
Ø Bank of Baroda to raise up to Rs 3,000 Crore via Basel III Bonds
Ø Shipping Corp Q2 results: Net Profit soars 71% to Rs 243 Cr
Ø Bajaj Consumer Care Q2 results: Net Profit down 18.3% to Rs 47 Cr
Ø Policybazaar IPO subscribed 54% on Day 1
Ø SBI to raise Rs 4000 Crore via bonds
Ø FASTag toll collection reaches record Rs 3,356 Crore in October
Ø GST collections for October at Rs 1.3 lakh crore, second highest ever
Ø Spacetech startup SatSure gets funding from Baring PE, others
Ø Neobank Fi valued at $315 million after $50 million funding led by B Capital
Business Standard
Ø COP26: India will reach net zero emissions by 2070, says PM Modi
Ø Tata Motors loss widens to Rs 4,415 Crore in September quarter
Ø Paytm to raise about Rs 8,250 Crore from anchor investors
Ø Kotak Special Situations Fund to invest Rs 1,000 Cr in Sify Infinit Spaces
Ø MakeMyTrip and Amazon Pay form strategic tie-up to offer travel services
Ø HDFC Ltd's Sept qtr net up 32% to Rs 3,780 Cr on spike in dividend income
Ø JSW Steel's US arm begins phase-II upgrade to reach newer markets
Ø Govt asks ONGC to give 60% stake in mainstay oil fields to foreign firms
Ø India Inc's top companies join the India-UK Climate Finance Initiative
Ø UPI registers record 4.21 bn transactions worth Rs 7.71 Trn in October
Ø PMI Manufacturing hits 8-month high but companies continue to shed jobs
Ø CMS Info Systems, Go Fashion, Tega get Sebi's go ahead to float IPOs
Ø Sebi forms IT project advisory committee to provide technical expertise
Ø Power consumption rises 4.8% to 114.37 BU in October: Power Ministry
Financial Express
Ø Coal India despatches at all-time high in first 7 months of current fiscal
Ø Bandhan Bank gets empanelled as agency bank of RBI
Ø Driving financial inclusivity is the key to achieving a US $5 trillion economy, say experts at ASSOCHAM Summit
Ø Punjab & Sind Bank posts Rs 218cr profit in Jul-Sept
Ø Aditya Birla Capital posts its highest quarterly profit of Rs 377cr in Jul-Sep
Ø GST: October e-way bill generation at record 7.35 Crore
Ø Unemployment rate rises again, at 7.75% in Oct
Ø About 80% of economy now formal following digitisation drive, pandemic: SBI Report
Ø Diesel sales rise above pre-COVID levels in Oct
Mint
Ø Taxpayers can send online feedback on annual information statement: I-T department
Ø upGrad partners with Swiss School of Business and Management for MBA programme
Ø Serum's partner Novavax gets first emergency use authorization for its vaccine
Ø Yellen says G20 only a few billion short of $100 Billion Climate Pledge
Ø India trade deficit widens 117% to $20 bn as imports rise 62%
Ø ICICI Lombard ties up with Vega Helmets to increase road safety awareness
Ø Franklin Templeton agrees to buy Lexington Partners for $1.75 Billion
Ø ATF prices rise 13.8% in a month, 96% in a year
Ø Mumbai sees 8% rise in registration of housing properties in Oct
Ø Govt brings back biometric attendance for employees of all levels from 8 Nov
Ø Airtel launches initiative to showcase 5G use cases for enterprises
Economic Times
Ø India's top Steelmakers hike prices by Rs 3,000 - Rs 3,500 a Tonne due to rising cost inflation
Ø Exports rise for 11th month, up 43.3% in October
Ø Bank of Baroda to raise up to Rs 3,000 Crore via Basel III Bonds
Ø Shipping Corp Q2 results: Net Profit soars 71% to Rs 243 Cr
Ø Bajaj Consumer Care Q2 results: Net Profit down 18.3% to Rs 47 Cr
Ø Policybazaar IPO subscribed 54% on Day 1
Ø SBI to raise Rs 4000 Crore via bonds
Ø FASTag toll collection reaches record Rs 3,356 Crore in October
Ø GST collections for October at Rs 1.3 lakh crore, second highest ever
Ø Spacetech startup SatSure gets funding from Baring PE, others
Ø Neobank Fi valued at $315 million after $50 million funding led by B Capital
Business Standard
Ø COP26: India will reach net zero emissions by 2070, says PM Modi
Ø Tata Motors loss widens to Rs 4,415 Crore in September quarter
Ø Paytm to raise about Rs 8,250 Crore from anchor investors
Ø Kotak Special Situations Fund to invest Rs 1,000 Cr in Sify Infinit Spaces
Ø MakeMyTrip and Amazon Pay form strategic tie-up to offer travel services
Ø HDFC Ltd's Sept qtr net up 32% to Rs 3,780 Cr on spike in dividend income
Ø JSW Steel's US arm begins phase-II upgrade to reach newer markets
Ø Govt asks ONGC to give 60% stake in mainstay oil fields to foreign firms
Ø India Inc's top companies join the India-UK Climate Finance Initiative
Ø UPI registers record 4.21 bn transactions worth Rs 7.71 Trn in October
Ø PMI Manufacturing hits 8-month high but companies continue to shed jobs
Ø CMS Info Systems, Go Fashion, Tega get Sebi's go ahead to float IPOs
Ø Sebi forms IT project advisory committee to provide technical expertise
Ø Power consumption rises 4.8% to 114.37 BU in October: Power Ministry
Financial Express
Ø Coal India despatches at all-time high in first 7 months of current fiscal
Ø Bandhan Bank gets empanelled as agency bank of RBI
Ø Driving financial inclusivity is the key to achieving a US $5 trillion economy, say experts at ASSOCHAM Summit
Ø Punjab & Sind Bank posts Rs 218cr profit in Jul-Sept
Ø Aditya Birla Capital posts its highest quarterly profit of Rs 377cr in Jul-Sep
Ø GST: October e-way bill generation at record 7.35 Crore
Ø Unemployment rate rises again, at 7.75% in Oct
Ø About 80% of economy now formal following digitisation drive, pandemic: SBI Report
Ø Diesel sales rise above pre-COVID levels in Oct
Mint
Ø Taxpayers can send online feedback on annual information statement: I-T department
Ø upGrad partners with Swiss School of Business and Management for MBA programme
Ø Serum's partner Novavax gets first emergency use authorization for its vaccine
Ø Yellen says G20 only a few billion short of $100 Billion Climate Pledge
Ø India trade deficit widens 117% to $20 bn as imports rise 62%
Ø ICICI Lombard ties up with Vega Helmets to increase road safety awareness
Ø Franklin Templeton agrees to buy Lexington Partners for $1.75 Billion
Ø ATF prices rise 13.8% in a month, 96% in a year
Ø Mumbai sees 8% rise in registration of housing properties in Oct
Ø Govt brings back biometric attendance for employees of all levels from 8 Nov
Ø Airtel launches initiative to showcase 5G use cases for enterprises
🇮🇳Business News Headlines
Economic Times
Ø Kia India turns Profitable within two years
Ø ILFS on track for 62% Recovery, says Uday Kotak
Ø FM Nirmala Sitharaman asks Transport, Petroleum, Steel Ministries to front Load capex spending
Ø SoftBank leads $93 Mn investment in NFT gaming firm The Sandbox
Ø IOC to pump in Rs 3,681 Cr for Panipat facility
Ø PNB Housing Finance Q2 results: Net profit slumps to Rs 235 Crore
Ø GE Power India Q2 results: Net Profit up 5% to Rs 39 Cr
Ø IFC plans to step up annual allocation for India to $3 billion
Ø Jeff Bezos pledges $2 Billion to fight climate change
Ø Jupiter in talks for $100-Million funding, valuation may double
Business Standard
Ø Sell Bad debts early, let ARCs take part in IBC: RBI committee
Ø JSPL reports consolidated net profit of Rs 2,584 Crore for Sept quarter
Ø Bharti Airtel clocks Rs 1,134-Cr consolidated net profit, beats estimates
Ø Tata Consultancy Services to be new title Sponsor for Jaguar Formula E Team
Ø CRISIL withdraws SpiceJet rating; firm in non-cooperating category
Ø Sun Pharma Q2 net up 13% at Rs 2,047 Cr, firm launches 28 products in qtr
Ø Unacademy buys top K-10 online tuition platform Swiflearn for unknown sum
Ø Moody's upgrades Lodha group's Macrotech Developers to B3; Outlook Positive
Ø Logistics startup Delhivery files DRHP with Sebi for Rs 7,460 Cr issue
Ø Finance ministry floats four-tier plan for PSB Staff accountability
Ø Banks lend Rs 63,574 Crore to 1.38 Mn borrowers via Outreach Programme
Financial Express
Ø Bank of India Q2 PAT rises 99.9% on lower provisions, higher other income
Ø Sundaram Finance further invests €2 million into Portfolio company Mind Srl
Ø Ola reports first-ever Operating profit of Rs 90 Cr in FY21
Ø India poised to grow electronics manufacturing to $300 Bn in 3-4 years: Rajeev Chandrasekhar
Ø Hiring activity in India grows by 43% annually in Oct; strong demand for tech professionals : Report
Ø Flipkart partners with Ministry of Rural Development to get women businesses into E-commerce fold
Ø BSE joins hand with HDFC Bank to promote startup, SME listing
Ø Floating Rate Bond yields rise as RBI increases supply
Ø Coal will continue to feed growing energy need of India for next five decades: Experts
Ø Samvat 2077: Nifty registers its highest-ever returns in last 12 Years
Mint
Ø PM Modi asks developed nations to pledge $1 Trn for Climate Financing
Ø White House rolls out new plan to combat gun suicides in US
Ø Tata Power to seek shareholders nod not to merge Tata Power Solar Systems
Ø Ford taps Non-IT professionals to broaden its AI expertise
Ø Yahoo pulls out of China, ending tumultuous two-decade relationship
Ø EaseMyTrip net profit surges over 300% to ₹27.13 Crore
Ø CBDT rolls out e-settlement scheme for small taxpayers
Ø DuPont to buy Rogers for $5.2 Billion, divest part of mobility unit
Ø Major edible oil players cut Wholesale prices by ₹4-7 a litre
Ø CCI approves HDFC Life's Acquisition of Exide Life
Economic Times
Ø Kia India turns Profitable within two years
Ø ILFS on track for 62% Recovery, says Uday Kotak
Ø FM Nirmala Sitharaman asks Transport, Petroleum, Steel Ministries to front Load capex spending
Ø SoftBank leads $93 Mn investment in NFT gaming firm The Sandbox
Ø IOC to pump in Rs 3,681 Cr for Panipat facility
Ø PNB Housing Finance Q2 results: Net profit slumps to Rs 235 Crore
Ø GE Power India Q2 results: Net Profit up 5% to Rs 39 Cr
Ø IFC plans to step up annual allocation for India to $3 billion
Ø Jeff Bezos pledges $2 Billion to fight climate change
Ø Jupiter in talks for $100-Million funding, valuation may double
Business Standard
Ø Sell Bad debts early, let ARCs take part in IBC: RBI committee
Ø JSPL reports consolidated net profit of Rs 2,584 Crore for Sept quarter
Ø Bharti Airtel clocks Rs 1,134-Cr consolidated net profit, beats estimates
Ø Tata Consultancy Services to be new title Sponsor for Jaguar Formula E Team
Ø CRISIL withdraws SpiceJet rating; firm in non-cooperating category
Ø Sun Pharma Q2 net up 13% at Rs 2,047 Cr, firm launches 28 products in qtr
Ø Unacademy buys top K-10 online tuition platform Swiflearn for unknown sum
Ø Moody's upgrades Lodha group's Macrotech Developers to B3; Outlook Positive
Ø Logistics startup Delhivery files DRHP with Sebi for Rs 7,460 Cr issue
Ø Finance ministry floats four-tier plan for PSB Staff accountability
Ø Banks lend Rs 63,574 Crore to 1.38 Mn borrowers via Outreach Programme
Financial Express
Ø Bank of India Q2 PAT rises 99.9% on lower provisions, higher other income
Ø Sundaram Finance further invests €2 million into Portfolio company Mind Srl
Ø Ola reports first-ever Operating profit of Rs 90 Cr in FY21
Ø India poised to grow electronics manufacturing to $300 Bn in 3-4 years: Rajeev Chandrasekhar
Ø Hiring activity in India grows by 43% annually in Oct; strong demand for tech professionals : Report
Ø Flipkart partners with Ministry of Rural Development to get women businesses into E-commerce fold
Ø BSE joins hand with HDFC Bank to promote startup, SME listing
Ø Floating Rate Bond yields rise as RBI increases supply
Ø Coal will continue to feed growing energy need of India for next five decades: Experts
Ø Samvat 2077: Nifty registers its highest-ever returns in last 12 Years
Mint
Ø PM Modi asks developed nations to pledge $1 Trn for Climate Financing
Ø White House rolls out new plan to combat gun suicides in US
Ø Tata Power to seek shareholders nod not to merge Tata Power Solar Systems
Ø Ford taps Non-IT professionals to broaden its AI expertise
Ø Yahoo pulls out of China, ending tumultuous two-decade relationship
Ø EaseMyTrip net profit surges over 300% to ₹27.13 Crore
Ø CBDT rolls out e-settlement scheme for small taxpayers
Ø DuPont to buy Rogers for $5.2 Billion, divest part of mobility unit
Ø Major edible oil players cut Wholesale prices by ₹4-7 a litre
Ø CCI approves HDFC Life's Acquisition of Exide Life