Business News Headlines 🇮🇳
Economic Times
Ø Apollo Global, Synergy Fund may invest Rs 1,500 crore in JSW Cement
Ø Jio user additions to be strong, but per-user revenue a worry: Analysts
Ø 'Munjal family pact puts no curbs on Hero MotoCorp’s Electric Vehicle business plans'
Ø Boeing’s offer falls short of SpiceJet’s claim
Ø India’s weekly business activity falls after two months: Nomura
Ø Govt says 16,527 companies struck off during April 2020-June 2021 period
Ø Bank NPAs decline to Rs 8.34 lakh cr at March-end 2021: Minister
Ø ITC’s Q1 performance alone unlikely to fire up stock
Ø United Spirits exits liquor delivery firm Hip Bar
Ø Tata Power to reduce emissions in alignment with SBTi
Ø Hitachi ABB Power Grids commissions Raigarh-Pugalur UHVDC link
Business Standard
Ø Suraksha ARC promises to restart stalled Jaypee Infra projects soon
Ø Tata Motors posts Rs 4,450 cr loss in June qtr as chip shortage takes toll
Ø Bajaj Auto takes a different road from Ola in its EV journey
Ø Paytm eyes IPO by Oct-end, hopes to break even in 18 months
Ø Govt to sell 8% stake in Hudco via offer for sale; may get Rs 720 crore
Ø India's GDP growth expected to be 8.8-9% in FY22: Care Ratings
Ø Surge in soybean prices rattles trade and poultry industry alike
Ø JSW Paints eyes 10% mkt share, spot among top-three paint players by 2025
Ø Byju's on an acquisition spree, buys Great Learning for $600 mn
Ø Gaining ground: B30 assets see 39% rise in a year, shows Amfi data
Financial Express
Ø Future of real estate will be pinned on 3Rs - Relief, Restructure and Resilience
Ø Mutual funds: Swing pricing to restore trust in debt funds
Ø Indian auto component industry to have 20-23% growth in FY2022, says ICRA
Ø Bharat Petroleum to begin doorstep diesel delivery: Ties up with Humsafar India
Ø ACC rating – Neutral: Another solid set of numbers for company
Ø Asian Paints rating – Add: Firm’s focus on market share gains is paying off
Ø Quarterly earnings, global trends to drive equity market this week: Analysts
Ø Sebi to RTAs: Develop inter-operable platform to enhance investor experience in MFs
Ø Coffee exports declining, Covid causes shift in consumption patterns: Report
Mint
Ø Tata Motors expects govt to be consistent with support for local EV production
Ø Glenmark Life raises Rs454 cr via 19 anchor investors
Ø Biocon ties up with Adagio Therapeutics for antibody treatment of Covid-19
Ø ITC Q1 profit up 29%, revenues grow 37%
Ø JSW Steel’s investment in paints unit is an arm’s length deal: Parth Jindal
Ø Kotak Mahindra Bank profit rises, asset quality worsens
Ø Reliance Retail to benefit from JD’s evolution into a super app
Ø Dhanlaxmi Bank announces strategic alliance with SMC Global Securities
Ø Sebi says valuation must for all preferential allotment plans
Ø Bajaj Auto exports its way out of a slump
Ø India’s banks need to wean off their dependence on retail loans