🇮🇳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