🇮🇳Business News Headlines
Economic Times
Ø Winter Session of Parliament to begin on Nov 29
Ø Sebi mulls Market making mechanism for Corporate bonds
Ø Sugar Output up 24% at 21 lakh ton till Nov 15 this season; export contract at 25 lakh ton
Ø DIPAM targets to privatise BPCL, BEML and 4 others by end of current fiscal
Ø UBS revises India GDP forecast to 9.5% from 8.9% for FY22
Ø Vedanta mulls demerger of some businesses with separate listing & leadership
Ø BDL inks Export Contract worth USD 21 million with Airbus Defense & Space for CMDS
Ø Bank Credit grows at 7.14 pc, deposits at 11.42 pc: RBI
Ø NPCI takes UPI global, ties up with leading payments provider PPRO
Ø Rakesh Jhunjhunwala's Akasa Air signs $4.5 billion deal with engine maker CFM International
Ø Trifecta Capital raises Rs 750 crore in first close of third fund
Ø SalaryBox gets $4 Million in seed funding from Y Combinator, others
Ø GoKwik raises $15 million Series A from Sequoia, Matrix
Business Standard
Ø Domestic airlines look to revive zero bag fares in order to grow traffic
Ø FM urges India Inc to take risks, boost capacities to create more jobs
Ø Metals & Mining companies report record earnings in H1 of FY22
Ø India to pitch for permanent solution for food security in WTO meet
Ø 1.75 Million received Rs 76,012 crore loans during festival period
Ø Economists urge gradual consolidation, see fiscal deficit near 6% in FY23
Ø India needs to double capex in medium term to fund infra: DEA Secy
Ø Go Fashion IPO subscribed 2.5 times on Day-1 on strong retail interest
Ø Tarsons Products Rs 1.024 cr IPO subscribed 77x on institutional, HNI push
Ø India draws $1.93 bn fintech investment in Q3; tops APAC: S&P Global
Financial Express
Ø Cairn ropes in Baker Hughes to enhance recovery from Bhagyam oil-field
Ø Grofers plans to open 150 more dark stores by December for quick commerce
Ø RBI slaps Rs 10.5 lakh penalty on Shri Kanyaka Nagari Sahakari Bank, Chandrapur
Ø FHRAI urges govt to provide relief from price hike of LPG for hospitality industry
Ø India’s wearables market clocks 93.8% on-year growth in Q3, domestic brands major gainers: Report
Ø Tata Housing to invest around Rs 600 cr in Noida project
Ø Jio tops 4G chart in download speed; Airtel, Vi reduce gap in Oct: Trai data
Ø UK inflation surges to highest rate in nearly a decade
Ø India Inc mops up over Rs 1 lakh cr via IPOs in ’21
Mint
Ø Avail Finance acquires neobank, seeks approval to buy NBFC
Ø US urges major oil consumers to free up strategic reserves
Ø SAT allows PNB Housing Finance to withdraw appeal in Carlyle deal
Ø Cabinet nod to lay 32,152 km of rural roads for ₹33,822 Cr
Ø SAIL supplied 48,200 Tonnes of steel for Purvanchal Expressway
Ø ProcureNet Signs MOU with TK Medical to combat the global syringe shortage
Ø AI customer-service startup Netomi raises $30 Million
Ø K&L Wellness raises ₹30 Crore from angel investors
Ø ISRO Scientists discover star-planet Bigger than Jupiter
Ø Mahindra Finance launches Quiklyz, a car leasing and Subscription Business
Economic Times
Ø Winter Session of Parliament to begin on Nov 29
Ø Sebi mulls Market making mechanism for Corporate bonds
Ø Sugar Output up 24% at 21 lakh ton till Nov 15 this season; export contract at 25 lakh ton
Ø DIPAM targets to privatise BPCL, BEML and 4 others by end of current fiscal
Ø UBS revises India GDP forecast to 9.5% from 8.9% for FY22
Ø Vedanta mulls demerger of some businesses with separate listing & leadership
Ø BDL inks Export Contract worth USD 21 million with Airbus Defense & Space for CMDS
Ø Bank Credit grows at 7.14 pc, deposits at 11.42 pc: RBI
Ø NPCI takes UPI global, ties up with leading payments provider PPRO
Ø Rakesh Jhunjhunwala's Akasa Air signs $4.5 billion deal with engine maker CFM International
Ø Trifecta Capital raises Rs 750 crore in first close of third fund
Ø SalaryBox gets $4 Million in seed funding from Y Combinator, others
Ø GoKwik raises $15 million Series A from Sequoia, Matrix
Business Standard
Ø Domestic airlines look to revive zero bag fares in order to grow traffic
Ø FM urges India Inc to take risks, boost capacities to create more jobs
Ø Metals & Mining companies report record earnings in H1 of FY22
Ø India to pitch for permanent solution for food security in WTO meet
Ø 1.75 Million received Rs 76,012 crore loans during festival period
Ø Economists urge gradual consolidation, see fiscal deficit near 6% in FY23
Ø India needs to double capex in medium term to fund infra: DEA Secy
Ø Go Fashion IPO subscribed 2.5 times on Day-1 on strong retail interest
Ø Tarsons Products Rs 1.024 cr IPO subscribed 77x on institutional, HNI push
Ø India draws $1.93 bn fintech investment in Q3; tops APAC: S&P Global
Financial Express
Ø Cairn ropes in Baker Hughes to enhance recovery from Bhagyam oil-field
Ø Grofers plans to open 150 more dark stores by December for quick commerce
Ø RBI slaps Rs 10.5 lakh penalty on Shri Kanyaka Nagari Sahakari Bank, Chandrapur
Ø FHRAI urges govt to provide relief from price hike of LPG for hospitality industry
Ø India’s wearables market clocks 93.8% on-year growth in Q3, domestic brands major gainers: Report
Ø Tata Housing to invest around Rs 600 cr in Noida project
Ø Jio tops 4G chart in download speed; Airtel, Vi reduce gap in Oct: Trai data
Ø UK inflation surges to highest rate in nearly a decade
Ø India Inc mops up over Rs 1 lakh cr via IPOs in ’21
Mint
Ø Avail Finance acquires neobank, seeks approval to buy NBFC
Ø US urges major oil consumers to free up strategic reserves
Ø SAT allows PNB Housing Finance to withdraw appeal in Carlyle deal
Ø Cabinet nod to lay 32,152 km of rural roads for ₹33,822 Cr
Ø SAIL supplied 48,200 Tonnes of steel for Purvanchal Expressway
Ø ProcureNet Signs MOU with TK Medical to combat the global syringe shortage
Ø AI customer-service startup Netomi raises $30 Million
Ø K&L Wellness raises ₹30 Crore from angel investors
Ø ISRO Scientists discover star-planet Bigger than Jupiter
Ø Mahindra Finance launches Quiklyz, a car leasing and Subscription Business
🇮🇳Business News Headlines
Economic Times
Ø Govt allows Serum Institute to export 50 lakh Covishield doses under COVAX to four nations
Ø FPIs pump in Rs 19,712 Cr in Indian markets in Nov so far
Ø Kesoram Industries board gives nod to raise up to Rs 2,500 Cr
Ø Govt to exceed FY22 tax collection target, direct tax mop-up at Rs 6 lakh crore till Oct: Revenue Secretary
Ø Tata Technologies rebounds from pandemic lows, eyes about $500 mn revenue this fiscal
Ø Paytm says October GMV rose 131% to $11.2 Billion
Ø Vulnerability in PNB server exposed customer data for seven months: CyberX9
Ø Maruti to stay away from diesel segment; focus on making petrol cars more fuel efficient
Business Standard
Ø Chip shortage: Ola electric scooter deliveries delayed up to one month
Ø Suspension of international flights impacting airlines' financial: Vistara
Ø Tata Sons offers guarantee to lenders of telecom arm, will take up AGR dues
Ø MIDC inks 25 MoUs worth Rs 15,260 crore at Dubai World Expo 2020
Ø Record 1.54 Million additions to EPFO in September, shows data
Ø McLaren Technology plans to acquire major stake in Indian fintech firm
Ø Abu Dhabi's ADNOC weighs IPO of logistics and services unit next year
Ø Investors bet big on SIPs; inflows at Rs 67,000 cr in Apr-Oct FY22
Financial Express
Ø ECLGS: 64% of Rs 4.5 Lakh Crore credit guarantee scheme sanctioned to 1.25 crore MSMEs, others so far
Ø Finance ministry notifies 12 per cent GST rate on MMF, yarn, fabrics from January 1; corrects duty anomaly
Ø Enrolment rising steadily on e-Shram portal, 8.43 Crore registered till November 20
Ø SBI yet to refund Rs 164 crore undue fee charged from Jan Dhan account holders
Ø With rains receding, coal output up in October
Mint
Ø GoFirst sees revenue go up 53.6% in September Quarter
Ø Embedded value of LIC likely at $150 Billion
Ø PSUs lag behind pvt companies on ESG performance
Ø Fuel retailers may cut prices as crude slips on Covid fears
Ø Over 130 Crore COVID-19 Vaccine doses given to states/UTs so far
Ø IT Department detects ₹100 Crore tax evasion by Gujarat firm
Ø Saudi stock exchange seeks to raise up to $1 Billion in IPO
Ø Bounce to launch its first consumer electric scooter on 2 December
Ø Over 70,000 Indian Exporters gear up for Black Friday, Cyber Monday sale via Amazon
Economic Times
Ø Govt allows Serum Institute to export 50 lakh Covishield doses under COVAX to four nations
Ø FPIs pump in Rs 19,712 Cr in Indian markets in Nov so far
Ø Kesoram Industries board gives nod to raise up to Rs 2,500 Cr
Ø Govt to exceed FY22 tax collection target, direct tax mop-up at Rs 6 lakh crore till Oct: Revenue Secretary
Ø Tata Technologies rebounds from pandemic lows, eyes about $500 mn revenue this fiscal
Ø Paytm says October GMV rose 131% to $11.2 Billion
Ø Vulnerability in PNB server exposed customer data for seven months: CyberX9
Ø Maruti to stay away from diesel segment; focus on making petrol cars more fuel efficient
Business Standard
Ø Chip shortage: Ola electric scooter deliveries delayed up to one month
Ø Suspension of international flights impacting airlines' financial: Vistara
Ø Tata Sons offers guarantee to lenders of telecom arm, will take up AGR dues
Ø MIDC inks 25 MoUs worth Rs 15,260 crore at Dubai World Expo 2020
Ø Record 1.54 Million additions to EPFO in September, shows data
Ø McLaren Technology plans to acquire major stake in Indian fintech firm
Ø Abu Dhabi's ADNOC weighs IPO of logistics and services unit next year
Ø Investors bet big on SIPs; inflows at Rs 67,000 cr in Apr-Oct FY22
Financial Express
Ø ECLGS: 64% of Rs 4.5 Lakh Crore credit guarantee scheme sanctioned to 1.25 crore MSMEs, others so far
Ø Finance ministry notifies 12 per cent GST rate on MMF, yarn, fabrics from January 1; corrects duty anomaly
Ø Enrolment rising steadily on e-Shram portal, 8.43 Crore registered till November 20
Ø SBI yet to refund Rs 164 crore undue fee charged from Jan Dhan account holders
Ø With rains receding, coal output up in October
Mint
Ø GoFirst sees revenue go up 53.6% in September Quarter
Ø Embedded value of LIC likely at $150 Billion
Ø PSUs lag behind pvt companies on ESG performance
Ø Fuel retailers may cut prices as crude slips on Covid fears
Ø Over 130 Crore COVID-19 Vaccine doses given to states/UTs so far
Ø IT Department detects ₹100 Crore tax evasion by Gujarat firm
Ø Saudi stock exchange seeks to raise up to $1 Billion in IPO
Ø Bounce to launch its first consumer electric scooter on 2 December
Ø Over 70,000 Indian Exporters gear up for Black Friday, Cyber Monday sale via Amazon
🇮🇳Business News Headlines
Economic Times
Ø Expert Panel calls for efforts to link fintech firms, banks to step up support to MSMEs
Ø Biden to keep Powell as Fed chair, Brainard gets vice chair
Ø Jio loses over 19 Million mobile users in September: Trai
Ø Serum Institute gets nod to export vaccines to COVAX
Ø DLF Cyber City Developers raises Rs 1,000 crore via NCD issue
Ø Pharmacy retail chain MedPlus get SEBI nod to launch IPO
Ø Exports rise 18.8 pc to USD 20 bn so far in November
Ø Ericsson to buy cloud service company Vonage in $6.2B deal
Ø Zvolv raises $1.5 million in round led by JSW Ventures
Ø Sleepy Owl raises $6.5 million in Series A funding round
Business Standard
Ø Aramco deal collapse hits RIL shares, market cap loss at Rs 72,000 Cr
Ø Purplle.com closes $140 mn Series D round adding Premji Invest to cap table
Ø India's Q2 GDP likely to grow 8.1%, says SBI research report
Ø India, US set to revive Trade Policy Forum after four years
Ø 14 firms approach govt to settle retrospective taxation cases: Revenue Secy
Ø Petrol, diesel demand growth to halve due to CNG, ethanol, EV push: Crisil
Ø FY22 fiscal deficit may be better at 6.6% on stronger tax buoyancy: Fitch
Ø Go Fashion IPO subscribed 135 times on closing day despite Paytm fiasco
Ø Digital Transactions up 52% in festival season, says report
Ø NCLAT stays Competition Commission's Rs 200 Cr Penalty on Maruti Suzuki
Ø Salesken raises $22 million in funding from Microsoft, Sequoia
Ø Global leaders join unicorn Apna to build world's largest job platform
Financial Express
Ø Digital disbursement of loans jumped twelve-fold between 2017 and 2020: RBI panel report
Ø Coal mines auction: Govt devises plans to seek interests, participation of private sector
Ø Emission-reduction push seen to displace 30 MT Petrol sales by FY25
Ø SBI lists $650-mn green bonds on India INX, Luxembourg Stock Exchange
Ø Jesons Industries files draft IPO papers with Sebi; aims to raise to raise Rs 900 crore
Ø One in five withdrew funds from EPF accounts since Covid onset
Ø Odisha approves Rs 1.5L crore investment in six months, mulls amendment to IPR-2015
Mint
Ø Gender gap high among top corporate positions: MCA
Ø SpiceJet brings back 737 MAX aircraft after a gap of over 2 years
Ø Panel proposes to exempt govt, agencies from data protection law
Ø ShareChat parent in talks to raise $500 mn at $5 Bn value
Ø Govt encouraging EVs but will not stop registration of ICE vehicles: Gadkari
Ø EU considers booster doses of J&J's Covid-19 Vaccine
Ø Domestic air traffic grew by 27% to 8.99 mn fliers in Oct
Ø Unacademy sees over four-fold growth in FY21 revenue but losses also jump six-fold
Ø KKR makes $12 Billion bid to take Telecom Italia private
Ø EESL partners MSME ministry, UNIDO, GEF to deploy 35 energy-efficient tech
Ø Euler Motors raises $10 Million funding, to expand production
Ø Retail depositors of PMC Bank to be repaid in full over 10 years
Ø Fitch affirms SBI, PNB, BoB ratings at ‘BBB-’ with negative outlook
Economic Times
Ø Expert Panel calls for efforts to link fintech firms, banks to step up support to MSMEs
Ø Biden to keep Powell as Fed chair, Brainard gets vice chair
Ø Jio loses over 19 Million mobile users in September: Trai
Ø Serum Institute gets nod to export vaccines to COVAX
Ø DLF Cyber City Developers raises Rs 1,000 crore via NCD issue
Ø Pharmacy retail chain MedPlus get SEBI nod to launch IPO
Ø Exports rise 18.8 pc to USD 20 bn so far in November
Ø Ericsson to buy cloud service company Vonage in $6.2B deal
Ø Zvolv raises $1.5 million in round led by JSW Ventures
Ø Sleepy Owl raises $6.5 million in Series A funding round
Business Standard
Ø Aramco deal collapse hits RIL shares, market cap loss at Rs 72,000 Cr
Ø Purplle.com closes $140 mn Series D round adding Premji Invest to cap table
Ø India's Q2 GDP likely to grow 8.1%, says SBI research report
Ø India, US set to revive Trade Policy Forum after four years
Ø 14 firms approach govt to settle retrospective taxation cases: Revenue Secy
Ø Petrol, diesel demand growth to halve due to CNG, ethanol, EV push: Crisil
Ø FY22 fiscal deficit may be better at 6.6% on stronger tax buoyancy: Fitch
Ø Go Fashion IPO subscribed 135 times on closing day despite Paytm fiasco
Ø Digital Transactions up 52% in festival season, says report
Ø NCLAT stays Competition Commission's Rs 200 Cr Penalty on Maruti Suzuki
Ø Salesken raises $22 million in funding from Microsoft, Sequoia
Ø Global leaders join unicorn Apna to build world's largest job platform
Financial Express
Ø Digital disbursement of loans jumped twelve-fold between 2017 and 2020: RBI panel report
Ø Coal mines auction: Govt devises plans to seek interests, participation of private sector
Ø Emission-reduction push seen to displace 30 MT Petrol sales by FY25
Ø SBI lists $650-mn green bonds on India INX, Luxembourg Stock Exchange
Ø Jesons Industries files draft IPO papers with Sebi; aims to raise to raise Rs 900 crore
Ø One in five withdrew funds from EPF accounts since Covid onset
Ø Odisha approves Rs 1.5L crore investment in six months, mulls amendment to IPR-2015
Mint
Ø Gender gap high among top corporate positions: MCA
Ø SpiceJet brings back 737 MAX aircraft after a gap of over 2 years
Ø Panel proposes to exempt govt, agencies from data protection law
Ø ShareChat parent in talks to raise $500 mn at $5 Bn value
Ø Govt encouraging EVs but will not stop registration of ICE vehicles: Gadkari
Ø EU considers booster doses of J&J's Covid-19 Vaccine
Ø Domestic air traffic grew by 27% to 8.99 mn fliers in Oct
Ø Unacademy sees over four-fold growth in FY21 revenue but losses also jump six-fold
Ø KKR makes $12 Billion bid to take Telecom Italia private
Ø EESL partners MSME ministry, UNIDO, GEF to deploy 35 energy-efficient tech
Ø Euler Motors raises $10 Million funding, to expand production
Ø Retail depositors of PMC Bank to be repaid in full over 10 years
Ø Fitch affirms SBI, PNB, BoB ratings at ‘BBB-’ with negative outlook
🇮🇳Business News Headlines
Economic Times
Ø Freeze on Yes Bank’s 25.6% stake in Dish TV spooks privateY lenders
Ø Banks write off Rs 46,382 Crore NPA in H1
Ø HAL to manufacture first four light utility helicopters by 2022-23: Government
Ø RBI supersedes RCap board, starts insolvency proceedings
Ø IIFL Home Finance plans expansion, aims to raise up to Rs 1,000 crore
Ø Four CPSEs pay Rs 5,155 crore dividend to Government
Ø About Rs 52,000 cr GST compensation pending to states till Sept: Finance Ministry
Ø Over 5 lakh cos went out of biz, 7 lakh new cos registered in nearly 6 years
Ø New business premium of life insurers to grow 14% to Rs 3.18 lakh cr in FY2022: Study
Ø ABL Workspaces raises Rs 15 crore from Canada-based Ethik Inc
Ø Proptech startup Propdial raises Rs 1 crore via debentures
Business Standard
Ø Amazon infuses fresh capital of Rs 650 cr in Amazon Wholesale (India)
Ø Bharat Biotech resumes Covaxin export with 'long-pending orders' in Nov
Ø Hindujas top rich British Asians' list, wealth rises £2.5 billion
Ø Govt sells Central Electronics to Nandal Finance and Leasing for Rs 210 cr
Ø Reliance Infra plans series of measures to prune group debt by March
Ø IndiGo renews its partnership with French hospitality group Accor
Ø upGrad makes first overseas deal, snaps up Australian Global Study Partners
Ø Asian Paints to invest Rs 960 Cr to expand Gujarat unit's capacity
Ø Fitch affirms ICICI Bank's issuer default rating at 'BB+'; outlook negative
Ø Investments worth Rs 91,000 cr expected for airports development: Govt
Ø Net direct tax revenue rises 68% to Rs 6.92 trillion till Nov 23
Ø LIC gets RBI's nod to increase stake in Kotak Mahindra Bank to 9.99%
Financial Express
Ø Moody’s assigns stable outlook on Ola’s proposed $500-million debt fundraise
Ø Amrutanjan enters D2C segment with first offline store
Ø SBI signs MoU with Usha International for empowering women entrepreneurs
Ø NBFCs AUM likely to grow 8-10% in FY’23: Report
Ø Steel demand drops by 5 pc in FY21: Union minister
Ø 52.5 lakh houses delivered, over 83 lakh grounded for construction under PMAY-U: Govt
Ø Govt health expenditure share in GDP increases from 1.15 pc to 1.35 pc: NHA report for 2017-18
Ø Commerce Ministry recommends continuation of anti-dumping duty on Chinese tiles
Mint
Ø Zoho enters edtech biz with a focus on training
Ø Oil rebounds above $76 on speculation Omicron-related drop overdone
Ø PNB to invest in Open Network for Digital Commerce as promoter
Ø SC grants two weeks to Amazon to put its case before CCI in Future dispute
Ø German SaaS firm Celonis plans $100 mn investment in India, to hire 1,000 people
Ø Edtech 21K School raises $5 mn from Ronnie Screwala
Ø Nissan to spend $17.6 billion on battery-powered vehicles over five years
Ø India’s warehousing stock to touch 384 million sq ft by 2024: JLL
Ø Parliament passes bill to cancel three farm laws
Ø Demand for wedding services in tier-II cities jumps 106%, says study
Economic Times
Ø Freeze on Yes Bank’s 25.6% stake in Dish TV spooks privateY lenders
Ø Banks write off Rs 46,382 Crore NPA in H1
Ø HAL to manufacture first four light utility helicopters by 2022-23: Government
Ø RBI supersedes RCap board, starts insolvency proceedings
Ø IIFL Home Finance plans expansion, aims to raise up to Rs 1,000 crore
Ø Four CPSEs pay Rs 5,155 crore dividend to Government
Ø About Rs 52,000 cr GST compensation pending to states till Sept: Finance Ministry
Ø Over 5 lakh cos went out of biz, 7 lakh new cos registered in nearly 6 years
Ø New business premium of life insurers to grow 14% to Rs 3.18 lakh cr in FY2022: Study
Ø ABL Workspaces raises Rs 15 crore from Canada-based Ethik Inc
Ø Proptech startup Propdial raises Rs 1 crore via debentures
Business Standard
Ø Amazon infuses fresh capital of Rs 650 cr in Amazon Wholesale (India)
Ø Bharat Biotech resumes Covaxin export with 'long-pending orders' in Nov
Ø Hindujas top rich British Asians' list, wealth rises £2.5 billion
Ø Govt sells Central Electronics to Nandal Finance and Leasing for Rs 210 cr
Ø Reliance Infra plans series of measures to prune group debt by March
Ø IndiGo renews its partnership with French hospitality group Accor
Ø upGrad makes first overseas deal, snaps up Australian Global Study Partners
Ø Asian Paints to invest Rs 960 Cr to expand Gujarat unit's capacity
Ø Fitch affirms ICICI Bank's issuer default rating at 'BB+'; outlook negative
Ø Investments worth Rs 91,000 cr expected for airports development: Govt
Ø Net direct tax revenue rises 68% to Rs 6.92 trillion till Nov 23
Ø LIC gets RBI's nod to increase stake in Kotak Mahindra Bank to 9.99%
Financial Express
Ø Moody’s assigns stable outlook on Ola’s proposed $500-million debt fundraise
Ø Amrutanjan enters D2C segment with first offline store
Ø SBI signs MoU with Usha International for empowering women entrepreneurs
Ø NBFCs AUM likely to grow 8-10% in FY’23: Report
Ø Steel demand drops by 5 pc in FY21: Union minister
Ø 52.5 lakh houses delivered, over 83 lakh grounded for construction under PMAY-U: Govt
Ø Govt health expenditure share in GDP increases from 1.15 pc to 1.35 pc: NHA report for 2017-18
Ø Commerce Ministry recommends continuation of anti-dumping duty on Chinese tiles
Mint
Ø Zoho enters edtech biz with a focus on training
Ø Oil rebounds above $76 on speculation Omicron-related drop overdone
Ø PNB to invest in Open Network for Digital Commerce as promoter
Ø SC grants two weeks to Amazon to put its case before CCI in Future dispute
Ø German SaaS firm Celonis plans $100 mn investment in India, to hire 1,000 people
Ø Edtech 21K School raises $5 mn from Ronnie Screwala
Ø Nissan to spend $17.6 billion on battery-powered vehicles over five years
Ø India’s warehousing stock to touch 384 million sq ft by 2024: JLL
Ø Parliament passes bill to cancel three farm laws
Ø Demand for wedding services in tier-II cities jumps 106%, says study
🇮🇳Business News Headlines
Economic Times
Ø Indian cos raise $1.34 Bn from Foreign markets in October; down 34 pc from last year
Ø Coal India production rises 4% in November
Ø India Nov trade deficit at record $23.27 Billion
Ø Fairfax sells 3.2% stake in IIFL Finance for Rs 365 Crore
Ø 10 firms line up IPOs worth Rs 10,000 Crore in December
Ø Greenko plans to raise up to $1 Bn via Offshore bonds
Ø Bharat Bond ETF third tranche to hit markets on Dec 3 to raise around Rs 5,000 Crore
Ø NHAI borrowings jump over 2-fold to Rs 3.38 Lakh Cr in 3 Yrs
Ø BOX8 parent EatClub Brands raises $40 Million from Tiger Global
Ø CollegeDekho raises $35 million, to expand education offerings
Business Standard
Ø At Rs 1.31 Trn, India's Nov GST collection second-highest in a month yet
Ø Reliance Power defaults on interest payment to IDBI and DBS banks
Ø LIC provisions up, NPAs down ahead of listing: FY21 annual report
Ø Birla Estates to invest Rs 5,500 cr to build luxury housing project: CEO
Ø US fund TFCC to buy 46% stake in Chennai's Ramcharan for $4 Billion
Ø Swiggy valued at $10.5 Billion in $700-million Invesco-led round
Ø Hospitality SaaS company Rategain aims to mop up Rs 1,300 Cr via IPO
Ø upGrad files Rs 3 cr trademark infringement suit against edtech firm Scaler
Ø Cred to acquire expense management start-up Happay at $180 mn valuation
Ø Sumitomo Mitsui completes acquisition of 74.9% stake in Fullerton India
Ø Commercial LPG cylinders hiked by Rs 100; will cost Rs 2,101
Ø India's power consumption rises 3.6% to 100.42 BU in November
Ø Indian IT spending to rise 7% to reach $101.8 Billion in 2022: Gartner
Ø PMI manufacturing rises to 10-month high in Nov on high domestic demand
Ø UPI breaks 5-month growth streak; transactions decline 0.71% in November
Ø Tega Industries IPO subscribed 4.7 times on Day-1 on retail interest
Ø India's November rainfall highest for a month in five years, says IMD
Financial Express
Ø Jewellers registered with BIS triples after mandatory hallmarking
Ø Evenflow ties up with AI-based logistics startup Shiprocket
Ø India-China trade deficit stands at USD 30 bn during April-September
Ø States debt-to-GDP ratio worryingly higher than FY23 target, says RBI report
Ø I-T refunds of over Rs 1.29 lakh cr issued between April-November
Ø Power consumption rises 3.6 pc to 100.42 BU in November
Ø Snapdeal to file DRHP in coming weeks, looks at Rs 1,870 Crore IPO in H1 2022: Report
Ø Gold tumbles Rs 302; Silver declines Rs 81
Mint
Ø Jio approaches Trai with complaint over new Vodafone Idea tariff plans
Ø Ahead of IPO, Anand Rathi Wealth raises ₹194 Cr from anchor investors
Ø Electricity-market tech platform Voltus going public in $1.3 Billion SPAC deal
Ø EU brings forward Pfizer/BioNTech Covid shot for younger children to Dec 13
Ø US companies added 534,000 Jobs in Nov, ADP data show
Ø Simpl secures $40 mn in a Series B round led by Valar, IA
Ø Domestic air passenger traffic up marginally in week to 27 November
Ø Tata Power bags India's largest solar and battery project worth ₹945 Crore
Ø Govt rolls back plans to resume scheduled International flights
Ø India's biggest car dealer Popular plans $100 Million listing: Report
Economic Times
Ø Indian cos raise $1.34 Bn from Foreign markets in October; down 34 pc from last year
Ø Coal India production rises 4% in November
Ø India Nov trade deficit at record $23.27 Billion
Ø Fairfax sells 3.2% stake in IIFL Finance for Rs 365 Crore
Ø 10 firms line up IPOs worth Rs 10,000 Crore in December
Ø Greenko plans to raise up to $1 Bn via Offshore bonds
Ø Bharat Bond ETF third tranche to hit markets on Dec 3 to raise around Rs 5,000 Crore
Ø NHAI borrowings jump over 2-fold to Rs 3.38 Lakh Cr in 3 Yrs
Ø BOX8 parent EatClub Brands raises $40 Million from Tiger Global
Ø CollegeDekho raises $35 million, to expand education offerings
Business Standard
Ø At Rs 1.31 Trn, India's Nov GST collection second-highest in a month yet
Ø Reliance Power defaults on interest payment to IDBI and DBS banks
Ø LIC provisions up, NPAs down ahead of listing: FY21 annual report
Ø Birla Estates to invest Rs 5,500 cr to build luxury housing project: CEO
Ø US fund TFCC to buy 46% stake in Chennai's Ramcharan for $4 Billion
Ø Swiggy valued at $10.5 Billion in $700-million Invesco-led round
Ø Hospitality SaaS company Rategain aims to mop up Rs 1,300 Cr via IPO
Ø upGrad files Rs 3 cr trademark infringement suit against edtech firm Scaler
Ø Cred to acquire expense management start-up Happay at $180 mn valuation
Ø Sumitomo Mitsui completes acquisition of 74.9% stake in Fullerton India
Ø Commercial LPG cylinders hiked by Rs 100; will cost Rs 2,101
Ø India's power consumption rises 3.6% to 100.42 BU in November
Ø Indian IT spending to rise 7% to reach $101.8 Billion in 2022: Gartner
Ø PMI manufacturing rises to 10-month high in Nov on high domestic demand
Ø UPI breaks 5-month growth streak; transactions decline 0.71% in November
Ø Tega Industries IPO subscribed 4.7 times on Day-1 on retail interest
Ø India's November rainfall highest for a month in five years, says IMD
Financial Express
Ø Jewellers registered with BIS triples after mandatory hallmarking
Ø Evenflow ties up with AI-based logistics startup Shiprocket
Ø India-China trade deficit stands at USD 30 bn during April-September
Ø States debt-to-GDP ratio worryingly higher than FY23 target, says RBI report
Ø I-T refunds of over Rs 1.29 lakh cr issued between April-November
Ø Power consumption rises 3.6 pc to 100.42 BU in November
Ø Snapdeal to file DRHP in coming weeks, looks at Rs 1,870 Crore IPO in H1 2022: Report
Ø Gold tumbles Rs 302; Silver declines Rs 81
Mint
Ø Jio approaches Trai with complaint over new Vodafone Idea tariff plans
Ø Ahead of IPO, Anand Rathi Wealth raises ₹194 Cr from anchor investors
Ø Electricity-market tech platform Voltus going public in $1.3 Billion SPAC deal
Ø EU brings forward Pfizer/BioNTech Covid shot for younger children to Dec 13
Ø US companies added 534,000 Jobs in Nov, ADP data show
Ø Simpl secures $40 mn in a Series B round led by Valar, IA
Ø Domestic air passenger traffic up marginally in week to 27 November
Ø Tata Power bags India's largest solar and battery project worth ₹945 Crore
Ø Govt rolls back plans to resume scheduled International flights
Ø India's biggest car dealer Popular plans $100 Million listing: Report
🇮🇳Business News Headlines
Economic Times
Ø India detects first two cases of omicron
Ø Hinduja's NXTDigital rights issue oversubscribed by 2X, raises Rs 560 cr
Ø Paytm Money launches portfolio management scheme
Ø L&T, ReNew partner for $2 bn green hydrogen biz in 2 years
Ø Canara Bank raises Rs 1,500 crore via Basel-III compliant bond
Ø BDL and Indian Army sign contract worth Rs 471.41 crore
Ø Opec+ agrees to go ahead with oil output rise, despite Omicron
Ø Honda sets up subsidiary to offer battery sharing services in India
Ø ADB approves Rs 3,752 cr funding to govt for enhancing quality of school education
Ø 8i Ventures aims to raise larger second fund at $50 million
Business Standard
Ø Credit card spend crosses Rs 1 trillion first time in a month: RBI
Ø RBI moves NCLT Mumbai for bankruptcy proceedings against Reliance Capital
Ø MSwipe targeting 100,000 merchants for prepaid card, PoS terminals
Ø Swiggy to invest $700 mn in its express grocery delivery service Instamart
Ø Bounce launches Infinity E1 electric scooter, priced at Rs 68,999
Ø HUL scraps coal usage across operations, replaces with green alternatives
Ø Jet Airways in talks with Boeing, Airbus for $12-bn order: Report
Ø FMCG sales down 14.4% in Nov as number of active kirana outlets contracts
Ø Uber adds ride booking via WhatsApp in India; service to start from Lucknow
Ø Govt extends timeline for implementation of Smart Cities Mission to 2023
Ø Loans worth Rs 2.82 Trillion sanctioned under ECLGS: MSME Minister
Ø India hits target of 40% Power generation capacity from non-fossil sources
Ø United States lawmakers reach agreement to fund govt until Feb 18
Financial Express
Ø SBI, Adani Capital sign pact for co-lending to farmers
Ø Shriram City records highest-ever 2-wheeler loans of Rs 1,022 cr in November
Ø CRED to acquire Happay for $180m in a cash & stock deal
Ø UIDAI working with World Bank, UN to take Aadhaar tech overseas
Ø Govt seeks greater industry role in boosting exports
Ø Public Capex turns the corner; Central spending seen jumping 12% over pre-pandemic level: Report
Ø India, EU decide to expand clean energy cooperation
Ø Sugar output touches 47.21 Lakh Tonne till Nov-end: Isma
Ø Demand for Indian rice to remain robust this season, say exporters
Mint
Ø Cairn Oil & Gas to invest $5 billion over next 2-3 years
Ø Over 125.65 Crore Covid vaccine doses administered in India: Health Ministry
Ø Biocon gets USFDA nod for generic product
Ø US jobless claims rise by 28,000 to still-low 222,000
Ø Bank unions call for two-day strike on 16-17 Dec
Ø Crisil upgrades Meghmani Finechem rating to AA-/Stable
Ø Myre Capital crosses ₹100 Crore AUM in 10 months
Ø ABB India completes sale of Dodge Business for ₹45 Crore
Ø IPO-bound footwear firm Metro Brands aims to utilise ₹250 Cr for store expansion
Ø Crompton Greaves Consumer Electricals sets up R&D centre in Mumbai
Economic Times
Ø India detects first two cases of omicron
Ø Hinduja's NXTDigital rights issue oversubscribed by 2X, raises Rs 560 cr
Ø Paytm Money launches portfolio management scheme
Ø L&T, ReNew partner for $2 bn green hydrogen biz in 2 years
Ø Canara Bank raises Rs 1,500 crore via Basel-III compliant bond
Ø BDL and Indian Army sign contract worth Rs 471.41 crore
Ø Opec+ agrees to go ahead with oil output rise, despite Omicron
Ø Honda sets up subsidiary to offer battery sharing services in India
Ø ADB approves Rs 3,752 cr funding to govt for enhancing quality of school education
Ø 8i Ventures aims to raise larger second fund at $50 million
Business Standard
Ø Credit card spend crosses Rs 1 trillion first time in a month: RBI
Ø RBI moves NCLT Mumbai for bankruptcy proceedings against Reliance Capital
Ø MSwipe targeting 100,000 merchants for prepaid card, PoS terminals
Ø Swiggy to invest $700 mn in its express grocery delivery service Instamart
Ø Bounce launches Infinity E1 electric scooter, priced at Rs 68,999
Ø HUL scraps coal usage across operations, replaces with green alternatives
Ø Jet Airways in talks with Boeing, Airbus for $12-bn order: Report
Ø FMCG sales down 14.4% in Nov as number of active kirana outlets contracts
Ø Uber adds ride booking via WhatsApp in India; service to start from Lucknow
Ø Govt extends timeline for implementation of Smart Cities Mission to 2023
Ø Loans worth Rs 2.82 Trillion sanctioned under ECLGS: MSME Minister
Ø India hits target of 40% Power generation capacity from non-fossil sources
Ø United States lawmakers reach agreement to fund govt until Feb 18
Financial Express
Ø SBI, Adani Capital sign pact for co-lending to farmers
Ø Shriram City records highest-ever 2-wheeler loans of Rs 1,022 cr in November
Ø CRED to acquire Happay for $180m in a cash & stock deal
Ø UIDAI working with World Bank, UN to take Aadhaar tech overseas
Ø Govt seeks greater industry role in boosting exports
Ø Public Capex turns the corner; Central spending seen jumping 12% over pre-pandemic level: Report
Ø India, EU decide to expand clean energy cooperation
Ø Sugar output touches 47.21 Lakh Tonne till Nov-end: Isma
Ø Demand for Indian rice to remain robust this season, say exporters
Mint
Ø Cairn Oil & Gas to invest $5 billion over next 2-3 years
Ø Over 125.65 Crore Covid vaccine doses administered in India: Health Ministry
Ø Biocon gets USFDA nod for generic product
Ø US jobless claims rise by 28,000 to still-low 222,000
Ø Bank unions call for two-day strike on 16-17 Dec
Ø Crisil upgrades Meghmani Finechem rating to AA-/Stable
Ø Myre Capital crosses ₹100 Crore AUM in 10 months
Ø ABB India completes sale of Dodge Business for ₹45 Crore
Ø IPO-bound footwear firm Metro Brands aims to utilise ₹250 Cr for store expansion
Ø Crompton Greaves Consumer Electricals sets up R&D centre in Mumbai
Those who are telling Maruti Story gone, need to focus on your expertise for this you need Knowledge and for Knowledge you have to Read.
What I told You 95% of consumer don't know about Maruti share price they are buying because of its own reasons.
You can't replace that consumers with your philosophy.
7 out of 10 cars are of Maruti, are you confirm your philosophy can change consumers mind. I didn't think so.
So, Invest with fact, astronomical assumptions will not help you.
What I told You 95% of consumer don't know about Maruti share price they are buying because of its own reasons.
You can't replace that consumers with your philosophy.
7 out of 10 cars are of Maruti, are you confirm your philosophy can change consumers mind. I didn't think so.
So, Invest with fact, astronomical assumptions will not help you.