🇮🇳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.
Before Jumping to conclusion because Stock didn't perform in last 6 Months won't help You.
Either You Buy at Discount or Pay Premium when it Moves Up.
37% people means in every 3 bike one bike is from Hero.
It take time to understand market without knowledge only you will make astronomical assumptions.
Either You Buy at Discount or Pay Premium when it Moves Up.
37% people means in every 3 bike one bike is from Hero.
It take time to understand market without knowledge only you will make astronomical assumptions.
From My Recommended Price.
Who are holding shares till Now or Booking Profit & Keeping Principal Invested.
I bet No One whose primary source of Income is Stock Market are Holding.
and I also Bet No one had made 4x return in this time frame on Overall Portfolio.
That's why I am Betting, It is very tough or nearly Impossible to Make Money from TRADING & To Beat Index Return in Long Run.
Keep these points in Mind these dots will help you to be a Better Investors or Traders in Life because without Knowledge Experience counts Nothing ☺️
I don't need to tell my Investors about Multibagger Stocks of some penny, because I Know the future of all those stocks.
If you understand Business with full conviction that end user will not leave this product easily you can sail on that stocks for long term and it will create wealth for you.
Who are holding shares till Now or Booking Profit & Keeping Principal Invested.
I bet No One whose primary source of Income is Stock Market are Holding.
and I also Bet No one had made 4x return in this time frame on Overall Portfolio.
That's why I am Betting, It is very tough or nearly Impossible to Make Money from TRADING & To Beat Index Return in Long Run.
Keep these points in Mind these dots will help you to be a Better Investors or Traders in Life because without Knowledge Experience counts Nothing ☺️
I don't need to tell my Investors about Multibagger Stocks of some penny, because I Know the future of all those stocks.
If you understand Business with full conviction that end user will not leave this product easily you can sail on that stocks for long term and it will create wealth for you.
What u Think, Is this a Bad Investment & Return.
Layman Investor having time and patience will be rewarded whether Market Crashed or Boom.
One of my very old Investors portfolio for review.
Investment Time & Type: 3.5 Years and through SIP Mode.
Layman Investor having time and patience will be rewarded whether Market Crashed or Boom.
One of my very old Investors portfolio for review.
Investment Time & Type: 3.5 Years and through SIP Mode.
You will Learn Market Step by Step.
You can't do Mirror Investing as Your Risk is different from Others.
So, before acting on any News Know your Risk Appetite.
Don't see 1.50 to 10.70 price it will not work.
Think your hard earn money invested and stocks quoting at 1.50 you have no clue left what to do.
So, Invest what you know not what you hear.
You can't do Mirror Investing as Your Risk is different from Others.
So, before acting on any News Know your Risk Appetite.
Don't see 1.50 to 10.70 price it will not work.
Think your hard earn money invested and stocks quoting at 1.50 you have no clue left what to do.
So, Invest what you know not what you hear.