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*Business News Headlines* 🇮🇳

*Economic Times*

Ø Sebi levies Rs 50 lakh fine on 5 entities, also bans them from securities market

Ø Tata Steel looks well placed amid sustained demand, cost advantage

Ø UBS says India's equity valuations are unattractive, double upgrades China

Ø Tobacco tax concern may weigh on ITC shares till Budget

Ø IT firms may take a 1-3% hit on margins as travel resumes

Ø Further steel price hike would not be good for customers, says JSPL MD

Ø Oil drops on China intervention to ease coal crunch

Ø India looks at close to double digit growth this year: FM Sitharaman

Ø Govt receives financial bids for stake in Central Electronics

Ø Power generation in eastern region logs 8 pc growth, others register decline

*Business Standard*

Ø Future Retail must take part in Amazon dispute arbitration: Singapore panel

Ø Vodafone Idea accepts four-year payment moratorium on AGR dues

Ø Higher raw material costs dent Nestle's operational performance in Sept qtr

Ø Govt to soon reach out to potential buyers of debt-laden IDBI Bank

Ø Air India divestment will re-energise civil aviation sector, says PM Modi

Ø Former State Bank of India chief Rajnish Kumar joins BharatPe as chairman

Ø YES Bank to take 2 more years to stabilise, says former SBI chief

Ø China's curbs on fertiliser exports may affect India, says report

Ø Tesla car to be affordable in India, will cost Rs 35 lakh, says Gadkari

Ø Reliance Retail acquires 52% stake in designer Ritu Kumar's company

*Financial Express*

Ø Moody's upgrades banking system outlook to 'stable'; economic recovery to drive credit growth

Ø Bharti's OneWeb partners with ISRO for satellite launch in India; aims to enhance digital connectivity

Ø Securitisation transactions witness improvement in collection efficiency in August

Ø Sebi tweaks norms for REITs, InvITs on exit option for dissenting unit holders

Ø India warns of high oil prices hurting global economic recovery

Ø No application for virtual internship to be entertained: Sebi

Ø Sebi nod to Rs 6K-crore PolicyBazaar IPO

Ø Tea imports from Nepal hurting Indian tea industry

Ø Financial bids for BPCL after September

Ø Tax implications on capital gains earned by NRIs

Ø Cotton association lowers current season’s crop estimate

*Mint*

Ø Infosys raises FY22 outlook, Wipro  hits $10 billion run rate

Ø CarDekho is eyeing a public listing in the next 18 months: CEO Jain

Ø Dish TV rejects Yes Bank’s proposal to hold an EGM

Ø The Sony-Zee game plan for Indian Premier League

Ø Unicorns  see  meteoric  rise  in  valuations  as their  tribe  increases

Ø Adani Wilmar’s IPO is likely to get Sebi approval this week

Ø Sajjan Jindal appointed chairman of World Steel Association

Ø EU in talks to delay reforms for $61 trillion securities market

Ø Reliance Infra to use ₹7,100 cr from DMRC arbitral award to repay debt'

Ø Cognizant’s Humphries struggles to build stable leadership

Ø Cognizant’s Humphries struggles to build stable leadership

Ø Tata Steel becomes 24th company to join Sea Cargo Charter to meet climate goals

Ø Oil-sensitive currencies get a bigger boost with crude above $80