Market Wizard

*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

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Market Wizard