🇮🇳Business News Headlines
Economic Times
Ø Big Saving Days Sale nets e-tailer Flipkart over Rs 2,600 Crore in Gross Merchandise Value
Ø HSBC puts South Mumbai Horniman Circle commercial building on the block
Ø Debt Revamp Proposal to prolong Indian Banks' Asset Quality uncertainty: Fitch
Ø ABB India launches Online Marketplace Portal eMart
Ø India's shortage of Remdesivir is easing, Goa plant to ramp up production: Cipla
Ø PTC India Q1 Results: Net profit up 7% at Rs 100 Cr
Ø Ashoka Buildcon Q1 Results: PAT up 7% at Rs 69 Cr
Ø Gold crashes over 4%, Silver dives as Equities back in vogue
Ø India defers Certificate Requirement for Rice Export to European Countries to Jan 1, 2021
Ø Central Government releases Grants worth Rs 6,195 Crore to 14 States
Business Standard
Ø Russia registers first Covid Vaccine, hopes to begin mass inoculation soon
Ø IIP contraction slows to 16.6% in June amid Industrial Activity relaxation
Ø Tata Group seeks Financial Partners to bid for crisis-hit Air India
Ø Embassy group looking to monetise Warehousing biz at a value of Rs 2,000 Cr
Ø Central Bank's Q1 pre-tax profit up over four-fold at Rs 316.33 Cr
Ø Google's first Global virtual visiting card-like feature launched in India
Ø Covid-19: Axis Bank, HDFC raise Rs 10,000 Cr each via QIPs to absorb risk
Ø About 5-8% of loan book will be recast under RBI scheme, says ICRA
Ø Commerce Min suggests expanding MEIS successor scheme to support exporters
Ø Non-life insurers receive more than 100K Covid-19 claims worth Rs 1,644 Cr
Ø Japan's current account surplus shrinks to 5-year low amid Covid-19
Financial Express
Ø Tata Realty aims to build 45 Million sq ft Office Space in next 7-10 Years
Ø South India Tea planters’ body opposes move for duty free imports of tea
Ø Power generation from renewables falls 24% in July
Ø Wipro completes acquisition of 4C for Rs 589 Crore
Ø Nitin Gadkari asks Apparel Exporters body to take steps for increasing exports
Ø CIAL reports Rs 72 Crore loss in Q1 of current fiscal
Ø MSMEs will take at least 7-8 months to recover from COVID-19 impact: D&B Chief Economist
Ø CII calls for early FTP to raise India’s global export share to 5 pc
Ø Moody’s assigns B3 rating to proposed dollar bonds of Vedanta Resources subsidiary
Ø Major relief for foreign investors: I-T Dept allows to invest in ‘Alternative Investment Fund’ without PAN
Ø Singapore’s Economy sees worst ever quarterly contraction of 13.2%
Ø Inflation likely edged up in July on higher food prices: Reuters poll
Mint
Ø NIIF units looking to get ₹6,000 Cr funding boost
Ø Bira in talks with foreign investors for up to 20% stake sale
Ø I-T Dept detects money laundering racket linked to Chinese firms
Ø ADIA, HDFC MF buy Inox Leisure shares in bulk deal
Ø DAC approves proposals to buy ₹8,722.38 Crore military hardware
Ø Adani Ports’ net profit falls 26% in June quarter
Ø Transit-focused payments startup CityCash raises $1 million in seed funding
Ø Airbnb contributed ₹22 Billion to Indian economy in 2019: Report