Dear All,
Nirmal Bang is inviting you to a Zoom webinar.
When: Jul 23, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_vv_Dfhc4TNSm6gJIbTbigQ
After registering, you will receive a confirmation email containing information about joining the webinar.
Nirmal Bang is inviting you to a Zoom webinar.
When: Jul 23, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_vv_Dfhc4TNSm6gJIbTbigQ
After registering, you will receive a confirmation email containing information about joining the webinar.
Zoom Video Communications
Welcome! You are invited to join a webinar: Morning Market Update. After registering, you will receive a confirmation email about…
World Markets
Dow + 25
Nasdaq + 53
Dax + 92
Nikkei + 160
Hangseng - 100
Sgxnifty + 23 (15846)
Brent Crude 73.8
Dow Fut + 74
Dollar Index 92.8
Dow + 25
Nasdaq + 53
Dax + 92
Nikkei + 160
Hangseng - 100
Sgxnifty + 23 (15846)
Brent Crude 73.8
Dow Fut + 74
Dollar Index 92.8
Stocks To Watch
Tata Power: To sell 100% stake in Trust Energy Resources Pte to Tata Power International Pte, a wholly-owned subsidiary of the company, for $285.64 million. The transaction is expected to be completed by August 10.
UltraTech Cement: Prepaid long-term loans amounting to Rs 5,000 crore in July. The loan repayments were made through free cash flows.
Mahindra Lifespace Developers: Board to consider the proposal for issuance of bonus equity shares on July 28.
Wipro: Launched FieldX, a cloud-based end-to-end digital service lifecycle automation solution built on ServiceNow’s Now Platform. Using FieldX, manufacturing organizations can enhance and scale-up their after-sales customer service operations while reducing costs, the company said.
PSP Projects: Secured new work order worth Rs 82.79 crore till date in the financial year 2021-22 for Institutional and Industrial projects.
Tanla Platforms: Approved the proposal to buyback up to 5,15,873 shares of the company for an aggregate amount of Rs 65 crore at a price not exceeding Rs 1,260 per share.
Hero MotoCorp: Launched an advanced, ‘connected’, and feature-rich new Maestro Edge 125.
Spandana Sphoorty Financial: Allotted 12,500 secured NCDs of face value of Rs 1 lakh each on a private placement basis for aggregate amount of Rs 125 crore. The issue will mature in May 2023.
Future Retail: Misses service of payment of interest on $ notes. Proposes to make interest payment within 30 days.
Allcargo Logistics: To consider proposal for voluntary delisting on August 6.
Magma Fincorp has been renamed as Poonawalla Fincorp. The company’s fully-owned housing finance subsidiary, Magma Housing Finance Limited, has also been renamed as Poonawalla Housing Finance. Under Poonawalla brand, the group said that it will focus on consumer and MSME segment. The company will also expand its product range to include personal loans, loans to professionals, merchant cash advance, loan against property, consumer finance and machinery loans along with existing products of business loan, pre-owned car loans and home loans.
Earnings: Reliance Industries, Ambuja Cements, JSW Steel, SBI Cards and Payment Services, United Spirits, Tata Steel Bsl, Yes Bank, Crompton Greaves Consumer Electricals, Jubilant Pharmova, Federal Bank, ABB Power Products and Systems India, Symphony, Atul, Cigniti Technologies, Cybertech Systems and Software, Dynamatic Technologies, Fineotex Chemical, Nectar Lifesciences, Panacea Biotec, Seshasayee Paper & Boards, SKF India, Wendt (India)
Tata Power: To sell 100% stake in Trust Energy Resources Pte to Tata Power International Pte, a wholly-owned subsidiary of the company, for $285.64 million. The transaction is expected to be completed by August 10.
UltraTech Cement: Prepaid long-term loans amounting to Rs 5,000 crore in July. The loan repayments were made through free cash flows.
Mahindra Lifespace Developers: Board to consider the proposal for issuance of bonus equity shares on July 28.
Wipro: Launched FieldX, a cloud-based end-to-end digital service lifecycle automation solution built on ServiceNow’s Now Platform. Using FieldX, manufacturing organizations can enhance and scale-up their after-sales customer service operations while reducing costs, the company said.
PSP Projects: Secured new work order worth Rs 82.79 crore till date in the financial year 2021-22 for Institutional and Industrial projects.
Tanla Platforms: Approved the proposal to buyback up to 5,15,873 shares of the company for an aggregate amount of Rs 65 crore at a price not exceeding Rs 1,260 per share.
Hero MotoCorp: Launched an advanced, ‘connected’, and feature-rich new Maestro Edge 125.
Spandana Sphoorty Financial: Allotted 12,500 secured NCDs of face value of Rs 1 lakh each on a private placement basis for aggregate amount of Rs 125 crore. The issue will mature in May 2023.
Future Retail: Misses service of payment of interest on $ notes. Proposes to make interest payment within 30 days.
Allcargo Logistics: To consider proposal for voluntary delisting on August 6.
Magma Fincorp has been renamed as Poonawalla Fincorp. The company’s fully-owned housing finance subsidiary, Magma Housing Finance Limited, has also been renamed as Poonawalla Housing Finance. Under Poonawalla brand, the group said that it will focus on consumer and MSME segment. The company will also expand its product range to include personal loans, loans to professionals, merchant cash advance, loan against property, consumer finance and machinery loans along with existing products of business loan, pre-owned car loans and home loans.
Earnings: Reliance Industries, Ambuja Cements, JSW Steel, SBI Cards and Payment Services, United Spirits, Tata Steel Bsl, Yes Bank, Crompton Greaves Consumer Electricals, Jubilant Pharmova, Federal Bank, ABB Power Products and Systems India, Symphony, Atul, Cigniti Technologies, Cybertech Systems and Software, Dynamatic Technologies, Fineotex Chemical, Nectar Lifesciences, Panacea Biotec, Seshasayee Paper & Boards, SKF India, Wendt (India)
Pledge Share Details
Adani Ports and SEZ: Promoter Adani Tradeline LLP revoked pledge of 5 lakh shares on July 20.
Adani Transmission: Promoter Adani Tradeline LLP revoked pledge of 8.54 lakh shares on July 20.
Apollo Hospitals Enterprise: Promoter PCR Investments revoked pledge of 4 lakh shares on July 20.
JSW Steel: Promoter Siddeshwari Tradex revoked pledge of 22.89 lakh shares on July 19.
Max Financial Services: Promoter Max Ventures Investment Holdings revoked pledge of 7,000 shares on July 20.
Adani Ports and SEZ: Promoter Adani Tradeline LLP revoked pledge of 5 lakh shares on July 20.
Adani Transmission: Promoter Adani Tradeline LLP revoked pledge of 8.54 lakh shares on July 20.
Apollo Hospitals Enterprise: Promoter PCR Investments revoked pledge of 4 lakh shares on July 20.
JSW Steel: Promoter Siddeshwari Tradex revoked pledge of 22.89 lakh shares on July 19.
Max Financial Services: Promoter Max Ventures Investment Holdings revoked pledge of 7,000 shares on July 20.
Who’s Meeting Whom
CRISIL: To meet Edelweiss on July 23.
Deepak Fertilisers And Petrochemicals Corporation: To meet Goldman Sachs Asset Management (India) and Avendus Capital Public Markets Alternate Strategies LLP on July 23.
CRISIL: To meet Edelweiss on July 23.
Deepak Fertilisers And Petrochemicals Corporation: To meet Goldman Sachs Asset Management (India) and Avendus Capital Public Markets Alternate Strategies LLP on July 23.
Trading Tweaks
Price Band Revised From 10% To 5%: Trigyn Technologies
Price Band Revised From 20% To 10%: Xchanging Solutions
Move Out Of Short-Term ASM Framework: SML Isuzu, Equitas Holdings
Move Into ASM Framework: Thirumalai Chemicals
Ex-Date Dividend: Karur Vysya Bank, Seacoast Shipping Services
Ex-Date Interim Dividend: Angel Broking
Ex-Date Final Dividend: Tech Mahindra, Elgi Equipment
Record Date Dividend: Blue Star, Thermax, Elecon Engineering
Record Date Final Dividend: Sumitomo Chemical
Record Date Interim Dividend: Hatsun Agro Product
Price Band Revised From 10% To 5%: Trigyn Technologies
Price Band Revised From 20% To 10%: Xchanging Solutions
Move Out Of Short-Term ASM Framework: SML Isuzu, Equitas Holdings
Move Into ASM Framework: Thirumalai Chemicals
Ex-Date Dividend: Karur Vysya Bank, Seacoast Shipping Services
Ex-Date Interim Dividend: Angel Broking
Ex-Date Final Dividend: Tech Mahindra, Elgi Equipment
Record Date Dividend: Blue Star, Thermax, Elecon Engineering
Record Date Final Dividend: Sumitomo Chemical
Record Date Interim Dividend: Hatsun Agro Product
Money Market Update
The rupee ended at 74.46 against the U.S. Dollar on Thursday as compared to Tuesday's closing of 74.61.
The rupee ended at 74.46 against the U.S. Dollar on Thursday as compared to Tuesday's closing of 74.61.
*SGX Nifty +12 pts (15835) from last trade 15823 ,*
Nikkei clsd ,
Hangseng +17 pts ,
Now @6.53am .
Dow +25.35 pts ,Nsdq +52.64 pts, S&P
+8.79 pts, Bovespa +217 pts , Ftse -29 pts , Dax +92 pts , Cac +17 pts , Crude @ $70.26 brl (-0.04), Brent @ $71.92 brl (+0.03) , Gold @ 1807.30 (+1.90), Silver @ $25.495 (+0.11), Euro @ $1.1779, JPY @ $110.14, INR @ 74.455
*Today's Corporate Action*
*23rd Jul Ex Date*
ADCINDIA
Dividend - Rs. - 2.5000
ARUNAHTEL
Right Issue of Equity Shares
ASTEC
Final Dividend - Rs. - 1.5000
BASF
Final Dividend - Rs. - 5.0000
BASF
Special Dividend - Rs. - 5.0000
BHAGIL
Final Dividend - Rs. - 3.5000
BLUESTARCO
Final Dividend - Rs. - 4.0000
CARBORUNIV
Final Dividend - Rs. - 1.5000
CHOLAFIN
Final Dividend - Rs. - 0.7000
EIMCOELECO
Dividend - Rs. - 5.0000
ELECON
Dividend - Rs. - 0.4000
HATSUN
Interim Dividend - Rs. - 6.0000
HERITGFOOD
Final Dividend - Rs. - 5.0000
HEROMOTOCO
Final Dividend - Rs. - 25.0000
HEROMOTOCO
Special Dividend - Rs. - 10.0000
HIL
Final Dividend - Rs. - 25.0000
ICRA
Dividend - Rs. - 27.0000
KABRAEXTRU
Dividend - Rs. - 2.5000
MTARTECH
Final Dividend - Rs. - 3.0000
PDSMFL
Final Dividend - Rs. - 15.7500
SHREECEM
Final Dividend - Rs. - 60.0000
SUMICHEM
Final Dividend - Rs. - 0.8000
TATAMETALI
Dividend - Rs. - 4.0000
TATASTLLP
Final Dividend - Rs. - 5.0000
THERMAX
Final Dividend - Rs. - 7.0000
TITAN
Dividend - Rs. - 4.0000
UNICHEMLAB
Final Dividend - Rs. - 4.0000
VENKYS
Final Dividend - Rs. - 17.0000
*Today's Key Results/Board Meetings*
*23-Jul-21*
AMBUJACEM
Quarterly Results
ARTSONEN
Quarterly Results
ATUL
Quarterly Results
AURIONPRO
Quarterly Results
BETALA
Quarterly Results;A.G.M.
CIGNITI
Quarterly Results
CROMPTON
Quarterly Results
CYBERTECH
Quarterly Results
DEEP
Amalgamation
DRAGARWQ
Quarterly Results
FCL
Quarterly Results;General
FEDERALBNK
Quarterly Results
GUJTERC
Quarterly Results
JINDCAP
General
JSWSTEEL
Quarterly Results
JUBLPHARMA
Quarterly Results
JUPITERIN
Quarterly Results;A.G.M.
KALPACOMME
General
KPITTECH
General
MARKSANS
Issue Of Warrants
MENONBE
Quarterly Results
MIDEASTP
Quarterly Results
MJCO
Quarterly Results
PADALPO
General
PANACEABIO
Quarterly Results
PANAFIC
Audited Results
PHARMAID
Quarterly Results
POWERINDIA
Quarterly Results
PRANAVSP
Quarterly Results
PRIMESECU
Quarterly Results
RELIANCE
Quarterly Results
ROLLT
Quarterly Results;Audited Results
SATINDLTD
Quarterly Results;Dividend
SBICARD
Quarterly Results
SESHAPAPER
Quarterly Results
SIL
Quarterly Results
SKFINDIA
Quarterly Results
SPARCSYS
Quarterly Results;General
SYMPHONY
Quarterly Results;General
TATASTLBSL
Quarterly Results
TRANSCOR
Quarterly Results;General
UNITDSPR
Quarterly Results
URJAGLOBA
Quarterly Results;Rights Issue;A.G.M.;Employees Stock Option Plan
WENDT
Quarterly Results
YESBANK
Quarterly Results
Nikkei clsd ,
Hangseng +17 pts ,
Now @6.53am .
Dow +25.35 pts ,Nsdq +52.64 pts, S&P
+8.79 pts, Bovespa +217 pts , Ftse -29 pts , Dax +92 pts , Cac +17 pts , Crude @ $70.26 brl (-0.04), Brent @ $71.92 brl (+0.03) , Gold @ 1807.30 (+1.90), Silver @ $25.495 (+0.11), Euro @ $1.1779, JPY @ $110.14, INR @ 74.455
*Today's Corporate Action*
*23rd Jul Ex Date*
ADCINDIA
Dividend - Rs. - 2.5000
ARUNAHTEL
Right Issue of Equity Shares
ASTEC
Final Dividend - Rs. - 1.5000
BASF
Final Dividend - Rs. - 5.0000
BASF
Special Dividend - Rs. - 5.0000
BHAGIL
Final Dividend - Rs. - 3.5000
BLUESTARCO
Final Dividend - Rs. - 4.0000
CARBORUNIV
Final Dividend - Rs. - 1.5000
CHOLAFIN
Final Dividend - Rs. - 0.7000
EIMCOELECO
Dividend - Rs. - 5.0000
ELECON
Dividend - Rs. - 0.4000
HATSUN
Interim Dividend - Rs. - 6.0000
HERITGFOOD
Final Dividend - Rs. - 5.0000
HEROMOTOCO
Final Dividend - Rs. - 25.0000
HEROMOTOCO
Special Dividend - Rs. - 10.0000
HIL
Final Dividend - Rs. - 25.0000
ICRA
Dividend - Rs. - 27.0000
KABRAEXTRU
Dividend - Rs. - 2.5000
MTARTECH
Final Dividend - Rs. - 3.0000
PDSMFL
Final Dividend - Rs. - 15.7500
SHREECEM
Final Dividend - Rs. - 60.0000
SUMICHEM
Final Dividend - Rs. - 0.8000
TATAMETALI
Dividend - Rs. - 4.0000
TATASTLLP
Final Dividend - Rs. - 5.0000
THERMAX
Final Dividend - Rs. - 7.0000
TITAN
Dividend - Rs. - 4.0000
UNICHEMLAB
Final Dividend - Rs. - 4.0000
VENKYS
Final Dividend - Rs. - 17.0000
*Today's Key Results/Board Meetings*
*23-Jul-21*
AMBUJACEM
Quarterly Results
ARTSONEN
Quarterly Results
ATUL
Quarterly Results
AURIONPRO
Quarterly Results
BETALA
Quarterly Results;A.G.M.
CIGNITI
Quarterly Results
CROMPTON
Quarterly Results
CYBERTECH
Quarterly Results
DEEP
Amalgamation
DRAGARWQ
Quarterly Results
FCL
Quarterly Results;General
FEDERALBNK
Quarterly Results
GUJTERC
Quarterly Results
JINDCAP
General
JSWSTEEL
Quarterly Results
JUBLPHARMA
Quarterly Results
JUPITERIN
Quarterly Results;A.G.M.
KALPACOMME
General
KPITTECH
General
MARKSANS
Issue Of Warrants
MENONBE
Quarterly Results
MIDEASTP
Quarterly Results
MJCO
Quarterly Results
PADALPO
General
PANACEABIO
Quarterly Results
PANAFIC
Audited Results
PHARMAID
Quarterly Results
POWERINDIA
Quarterly Results
PRANAVSP
Quarterly Results
PRIMESECU
Quarterly Results
RELIANCE
Quarterly Results
ROLLT
Quarterly Results;Audited Results
SATINDLTD
Quarterly Results;Dividend
SBICARD
Quarterly Results
SESHAPAPER
Quarterly Results
SIL
Quarterly Results
SKFINDIA
Quarterly Results
SPARCSYS
Quarterly Results;General
SYMPHONY
Quarterly Results;General
TATASTLBSL
Quarterly Results
TRANSCOR
Quarterly Results;General
UNITDSPR
Quarterly Results
URJAGLOBA
Quarterly Results;Rights Issue;A.G.M.;Employees Stock Option Plan
WENDT
Quarterly Results
YESBANK
Quarterly Results
*Good Morning*
Zomato’s Debut to Test Appetite for India’s New Tech Generation
India Eyeing Phased Roll Out of Central Bank Digital Currency
India Unveils INR63.2B Incentive Plan for Specialty Steel
India’s 8.6 GW Stalled Coal-Power Units Headed for Liquidation
Unilever India’s Profit Disappoints as Covid Crimps Demand
Indian Retailer Says It Has Missed Key Debt-Servicing Deadline
U.S. DFC-Backed Indian Firm to Help Users Trace Origin of Milk
India Steel Plants Bought from IBC Turning Around Faster: Crisil
Citi Names Veteran Saraf as Head of India Investment Banking
India Gets 27 Proposals for Various Space Activities
Global Funds Sell Net INR2.48B of India Stocks on Thursday: NSE
Domestic funds Buy net 9.43b rupees of stocks
Foreign Investors Sell Net INR27.8B of India Equities on July 20
Foreigners Sell Net INR14.1B Indian Equity Derivatives Thursday
Allcargo Logistics (AGLL): To consider proposal for voluntary delisting of its shares from exchanges on Aug. 6
Future Retail (FRETAIL): Misses service of payment of interest on dollar notes; proposes to make it within 30 days
HeidelbergCement India (HEIM): 1Q net income +40% y/y to 686.5m rupees, beats est. 619.4m
ICICI Lombard (ICICIGI): 1Q net income - 62% y/y to 1.52b upees Vs. 3.98b
Mahindra Lifespace (MLIFE): To consider free shares issue on July 28
Mphasis (MPHL): 1Q net income +24% y/y to 3.4b rupees, estimate 3.31b
Persistent Systems (PSYS): 1Q net income +68% y/y to 1.51b rupees, est. 1.46b
South Indian Bank (SIB): 1Q net income -87% y/y to 103.1m rupees, provisions +21% q/q to 4.98b; Gross NPA 8.02% vs. 6.97% q/q
Tanla Platforms (TANLA): Approves proposal for INR650m share buyback plan at up to INR1260 apiece
UltraTech Cement (UTCEM): Repays 50b rupees long-term loan
Zomato’s Debut to Test Appetite for India’s New Tech Generation
India Eyeing Phased Roll Out of Central Bank Digital Currency
India Unveils INR63.2B Incentive Plan for Specialty Steel
India’s 8.6 GW Stalled Coal-Power Units Headed for Liquidation
Unilever India’s Profit Disappoints as Covid Crimps Demand
Indian Retailer Says It Has Missed Key Debt-Servicing Deadline
U.S. DFC-Backed Indian Firm to Help Users Trace Origin of Milk
India Steel Plants Bought from IBC Turning Around Faster: Crisil
Citi Names Veteran Saraf as Head of India Investment Banking
India Gets 27 Proposals for Various Space Activities
Global Funds Sell Net INR2.48B of India Stocks on Thursday: NSE
Domestic funds Buy net 9.43b rupees of stocks
Foreign Investors Sell Net INR27.8B of India Equities on July 20
Foreigners Sell Net INR14.1B Indian Equity Derivatives Thursday
Allcargo Logistics (AGLL): To consider proposal for voluntary delisting of its shares from exchanges on Aug. 6
Future Retail (FRETAIL): Misses service of payment of interest on dollar notes; proposes to make it within 30 days
HeidelbergCement India (HEIM): 1Q net income +40% y/y to 686.5m rupees, beats est. 619.4m
ICICI Lombard (ICICIGI): 1Q net income - 62% y/y to 1.52b upees Vs. 3.98b
Mahindra Lifespace (MLIFE): To consider free shares issue on July 28
Mphasis (MPHL): 1Q net income +24% y/y to 3.4b rupees, estimate 3.31b
Persistent Systems (PSYS): 1Q net income +68% y/y to 1.51b rupees, est. 1.46b
South Indian Bank (SIB): 1Q net income -87% y/y to 103.1m rupees, provisions +21% q/q to 4.98b; Gross NPA 8.02% vs. 6.97% q/q
Tanla Platforms (TANLA): Approves proposal for INR650m share buyback plan at up to INR1260 apiece
UltraTech Cement (UTCEM): Repays 50b rupees long-term loan
Tata Steel settles unpaid debt claim with Liberty Steel out of court
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/tata-steel-settles-unpaid-debt-claim-with-liberty-steel-out-of-court/articleshow/84649225.cms
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/tata-steel-settles-unpaid-debt-claim-with-liberty-steel-out-of-court/articleshow/84649225.cms
The Economic Times
Tata Steel settles unpaid debt claim with Liberty Steel out of court
Tata Steel had in April launched proceedings against Liberty Speciality Steels, Liberty House Group PTE and Speciality Steel UK, all part of GFG Alliance, over the alleged missed payments from the 2017 acquisition.
RBI working on digital currency, pilot projects likely in near future: Dy Guv
https://economictimes.indiatimes.com/markets/stocks/news/rbi-working-on-digital-currency-pilot-projects-likely-in-near-future-dy-guv/articleshow/84649114.cms
Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21
https://economictimes.indiatimes.com/markets/stocks/news/rbi-working-on-digital-currency-pilot-projects-likely-in-near-future-dy-guv/articleshow/84649114.cms
Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21
The Economic Times
RBI working on digital currency, pilot projects likely in near future: Dy Guv
Introduction of CBDC, he said, has the potential to provide significant benefits such as reduced dependency on cash, higher seigniorage due to lower transaction costs and reduced settlement risk.
Most FPIs waiting for a correction on Dalal Street to buy more: Pratik Gupta
https://economictimes.indiatimes.com/markets/expert-view/most-fpis-waiting-for-a-correction-on-dalal-street-to-buy-more-pratik-gupta/articleshow/84642925.cms
Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde2
https://economictimes.indiatimes.com/markets/expert-view/most-fpis-waiting-for-a-correction-on-dalal-street-to-buy-more-pratik-gupta/articleshow/84642925.cms
Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde2
The Economic Times
Most FPIs waiting for a correction on Dalal Street to buy more: Pratik Gupta
"We expect Nifty earnings to increase by 31% in FY22 and by 14% in FY23. The growth will be quite broad-based, but the big increase will come from metals, financials and IT services."
Chris Wood ready to buy any big dip in Nifty
https://economictimes.indiatimes.com/markets/expert-view/chris-wood-ready-to-buy-any-big-dip-in-nifty/articleshow/84633656.cms
Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21
https://economictimes.indiatimes.com/markets/expert-view/chris-wood-ready-to-buy-any-big-dip-in-nifty/articleshow/84633656.cms
Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21
The Economic Times
Chris Wood ready to buy any big dip in Nifty
"My only concern about India is a tactical one that the Indian market has done extremely well and valuations are high," Christopher Wood, global head of equities at Jefferies, said.
*Business News Headlines*🇮🇳
*Economic Times*
Ø Govt nod for Voda Idea proposal for up to Rs 15,000 crore FDI investment
Ø TCS renews its sponsorship of New York Marathon till 2029
Ø Jubilant’s bet on dine-ins puts it in crosshairs with Zomato goals
Ø Some investors oppose changes to delisting rules
Ø RBI allows IDFC to exit as promoter of IDFC First Bank
Ø Asian Paints’ June quarter show reflects demand resilience
Ø Analysts turn cautious on Bajaj Finance as Q1 brings asset quality concerns
Ø Rakesh Jhunjhunwala-backed Star Health Insurance files DRHP to raise funds via IPO
Ø BSE says Zomato’s shares to list on its exchange on Friday
Ø Chris Wood ready to buy any big dip in Nifty
Ø Zerodha CEO Nithin Kamath's strategy to deal with IPOs of Zomato, Paytm
*Business Standard*
Ø RBI to introduce Central Bank Digital Currency in phases: Deputy governor
Ø Union Cabinet approves 100% FDI in PSU refiners to aid BPCL sale
Ø Quarter of India's health subsidy cornered by wealthiest 20%: Study
Ø Growth expectations drive Jubilant FoodWorks into a higher orbit
Ø Dabur's non-executive chairman Amit Burman hospitalised in London
Ø PLI boost spurs solar manufacturers to look at new schemes for growth
Ø Overseas green capital chasing renewable energy firms across India
Ø Zomato, Paytm, Hotstar, others go down amid widespread internet outage
Ø Audi drives into green lane with e-tron; eyes 15% EV sales by 2025
Ø CCI accuses Amazon of concealing facts in deal for Future Group unit
*Financial Express*
Ø Consumer demand during Phase II of the lockdown improved by 200%: Report
Ø Domestic tourism continues to be the driving factor for travel industry’s recovery: Aviral Gupta, Zostel
Ø Crude import bill rises 190% to $25 billion in Q1FY22
Ø Financial bids for Air India likely to be received by September 15, says VK Singh
Ø Bajaj Finserv will enter asset management business: Sanjiv Bajaj
Ø Retail sales down by 50 per cent in June: RAI
Ø India’s coffee exports witnessing decline, hit 9-yr low in dollar value terms in FY20: Report
Ø Manappuram Fin acquires 2.72% shares of Asirvad Micro Finance
Ø Steel prices may cool off after year-long rally
Ø Anand Rathi Wealth gears up for IPO; files draft offer document with SEBI
*Mint*
Ø Bajaj Auto expects pent-up demand to drive retail sales in the Q2
Ø India achieves first quarter atomic energy generation target
Ø Magma Fincorp renamed Poonawalla Fincorp after takeover by Adar Poonawalla
Ø Startup claims breakthrough in long-duration batteries
Ø Govt eases FDI rules to aid BPCL privatisation: Report
Ø Cabinet approves ₹6,322 cr PLI scheme for specialty steel
Ø Air India disinvestment not likely to be impacted by Cairn, Devas lawsuits: Govt
Ø 'We feel Videocon's resolution value is too low': Bank of Maharashtra CEO
Ø Adani Ports to raise $500 mn through dollar bonds
Ø Bajaj Auto's Q1 net profit doubles due to low base of FY21
Ø Tata group bullish on e-commerce just as rules threaten to transform market
*Economic Times*
Ø Govt nod for Voda Idea proposal for up to Rs 15,000 crore FDI investment
Ø TCS renews its sponsorship of New York Marathon till 2029
Ø Jubilant’s bet on dine-ins puts it in crosshairs with Zomato goals
Ø Some investors oppose changes to delisting rules
Ø RBI allows IDFC to exit as promoter of IDFC First Bank
Ø Asian Paints’ June quarter show reflects demand resilience
Ø Analysts turn cautious on Bajaj Finance as Q1 brings asset quality concerns
Ø Rakesh Jhunjhunwala-backed Star Health Insurance files DRHP to raise funds via IPO
Ø BSE says Zomato’s shares to list on its exchange on Friday
Ø Chris Wood ready to buy any big dip in Nifty
Ø Zerodha CEO Nithin Kamath's strategy to deal with IPOs of Zomato, Paytm
*Business Standard*
Ø RBI to introduce Central Bank Digital Currency in phases: Deputy governor
Ø Union Cabinet approves 100% FDI in PSU refiners to aid BPCL sale
Ø Quarter of India's health subsidy cornered by wealthiest 20%: Study
Ø Growth expectations drive Jubilant FoodWorks into a higher orbit
Ø Dabur's non-executive chairman Amit Burman hospitalised in London
Ø PLI boost spurs solar manufacturers to look at new schemes for growth
Ø Overseas green capital chasing renewable energy firms across India
Ø Zomato, Paytm, Hotstar, others go down amid widespread internet outage
Ø Audi drives into green lane with e-tron; eyes 15% EV sales by 2025
Ø CCI accuses Amazon of concealing facts in deal for Future Group unit
*Financial Express*
Ø Consumer demand during Phase II of the lockdown improved by 200%: Report
Ø Domestic tourism continues to be the driving factor for travel industry’s recovery: Aviral Gupta, Zostel
Ø Crude import bill rises 190% to $25 billion in Q1FY22
Ø Financial bids for Air India likely to be received by September 15, says VK Singh
Ø Bajaj Finserv will enter asset management business: Sanjiv Bajaj
Ø Retail sales down by 50 per cent in June: RAI
Ø India’s coffee exports witnessing decline, hit 9-yr low in dollar value terms in FY20: Report
Ø Manappuram Fin acquires 2.72% shares of Asirvad Micro Finance
Ø Steel prices may cool off after year-long rally
Ø Anand Rathi Wealth gears up for IPO; files draft offer document with SEBI
*Mint*
Ø Bajaj Auto expects pent-up demand to drive retail sales in the Q2
Ø India achieves first quarter atomic energy generation target
Ø Magma Fincorp renamed Poonawalla Fincorp after takeover by Adar Poonawalla
Ø Startup claims breakthrough in long-duration batteries
Ø Govt eases FDI rules to aid BPCL privatisation: Report
Ø Cabinet approves ₹6,322 cr PLI scheme for specialty steel
Ø Air India disinvestment not likely to be impacted by Cairn, Devas lawsuits: Govt
Ø 'We feel Videocon's resolution value is too low': Bank of Maharashtra CEO
Ø Adani Ports to raise $500 mn through dollar bonds
Ø Bajaj Auto's Q1 net profit doubles due to low base of FY21
Ø Tata group bullish on e-commerce just as rules threaten to transform market