LAURUS LABS: CO HAS RECEIVED THE LICENCE FROM DEFENCE RESEARCH & DEVELOPMENT ORGANISATION (DRDO) TO MANUFACTURE AND MARKET OF 2- DEOXY-D-GLUCOSE (2DG)

India’s exports grow by 47% to $32.46 billion in June
https://www.hindustantimes.com/business/indias-exports-grow-by-47-to-32-46-billion-in-june-101625232635190.html

Coal India reported sales volume of 51.3mn T Vs yoy 41.6mn T mom 55.1mn T up by 23.3% yoy and down -6.9%mom. Quarterly volume came at 160.5mn T Vs yoy 120.7 MN T up 33% and QoQ 164.2mn T down -2.3%. As compared to Q1FY20 sales is up by 4.6%. Neutral

*NMDC*: Sales volume up 28% YoY to 3.18 MT versus 2.48 MT but down -3.6% mom Vs 3.18mn T. Neutral

*NMDC*: Sales volume up 28% YoY to 3.18 MT versus 2.48 MT but down -3.6% mom Vs 3.3mn T. Neutral

*Dixon Technologies:* Ministry of Electronics and Information and Technology (MeitY) has approved 14 eligible applicants under PLI for IT hardware (laptops, tablets, PCs and servers). Dixon is one of the ten domestic companies to have received the approval. The scheme extends an incentive of 4% to 2% on net incremental sales for four years (FY22 to FY25). As per Dixon’s previous guidance on Hardware PLI, the scheme should add around 3% to Dixon’s total revenue. Positive.

*Torrent Pharma*: National Pharmaceutical Pricing Authority (NPPA) exempts co’s Tapentadol Nasal Spray from price regulation for 5 yrs. *Positive*

The National Pharmaceutical Pricing Authority allows 50% increase for Carbamazepine, Ranitidine & Ibuprofen. *Positive for Granules, Strides*

APSEZ handled cargo volume of 25.54 MMT in June(-0.4% MoM ,+ 83% YoY). Neutral

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Indian banks hit more by Covid than peers in US, Europe: RBI https://www.livemint.com/economy/indian-banks-hit-more-by-covid-than-peers-in-us-europe-rbi-11625236404992.html
Download mint app for latest in Business News - https://bit.ly/32XEfFE

India Inc's foreign borrowings plunge by 51% to $738 mn in May https://www.livemint.com/economy/india-inc-s-foreign-borrowings-plunge-by-51-to-738-mn-in-may-11625229526286.html
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Govt revises MSME guidelines to include retail & wholesale trades https://www.livemint.com/news/india/govt-revises-msme-guidelines-to-include-retail-wholesale-trades-as-msmes-11625215435219.html
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Infosys still resolving issues related to new income tax portal: FM Sitharaman https://www.livemint.com/news/india/infosys-still-resolving-issues-related-to-new-income-tax-portal-fm-sitharaman-11625226232622.html
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SEBI clears IPO application of Zomato

https://www.moneycontrol.com/news/business/sebi-clears-ipo-application-of-zomato-7119821.html

Download moneycontrol app: http://m.moneycontrol.com/mom

U.S : US June payrolls increase 850,000 vs est of 720,000; June #unemployment rate rises to 5.9% vs 5.8% (Agencies)

In-depth | From social audio to podcasts, tech companies rush to stay ahead of competition

https://www.moneycontrol.com/news/business/in-depth-from-social-audio-to-podcasts-tech-companies-rush-to-stay-ahead-of-competition-7118001.html

*India Pesticides Limited*

Listing Date : *Monday, Jul 05 2021*
ISIN : *INE0D6701023*
BSE : *543311 (B Group)*
NSE : *IPL (EQ Series)*
Total Shares : *115163508*
Face Value : *₹10*
IPO Price : *₹296*

-Sunil Mittal: Airtel has raised $12b in the last 24 months

-Investments in one web are not at the cost of Bharti

-Will look at IPO of one web at the right time

-British telecom will use one web to reach remote parts of UK

-Strategy is serve enterprise customers, not retail

-Sunil Mittal On Bharti’s India biz: Industry ARPU is unsustainable

-We are talking about ARPUs of 200 , which will still be lower than 6 years

-Lower ARPU will still be Rs 75-100

-We can unilaterally move on ARPUs, have to be mindful on tariffs

-Sunil Mittal: AGR installment has been made, next one has to be paid next year

-No one-web equipment today comes from China , comes from security approved western countries

-Again when questioned on tariffs - We will not hesitate on raising tariffs, but cannot do it unilaterally

https://www.livemint.com/news/india/india-plans-to-rework-the-evs-game-as-it-pushes-china-against-the-wall-11625187300456.html *A drive to reduce dependence on imported materials and technology, especially from China, is pushing India to invest in a battery technology that uses aluminum rather than lithium as the key ingredient. Indian Oil Corp., the nation’s largest oil refiner, has teamed up with startup Phinergy Ltd. to develop the Israeli company’s aluminum-air battery*

#BREAKING: SEBI clears IPO application of Zomato. Read at: https://t.co/YZYG2GJMZk

Stay tuned for more details!

@SEBI_India @zomatoin #Zomato #ZomatoIPO #IPO