Economic Times
Ø HDFC increases FD rates up to 25 BPS
Ø OPEC+ approves oil output increases from May
Ø India’s Projected FY22 Growth could weaken to 12.2% from 13.5%: Nomura
Ø Wheat procurement rolled out, govt buys 78,000 tonnes in a fortnight
Ø Finmin withdraws order slashing rates on small savings schemes
Ø Exports of foreign subsidiaries accounted for 33% of their total sales in FY20: RBI
Ø US Factory activity expands at fastest pace since 1983 in March
Ø Tata Motors completes transfer of defence biz to TASL for consideration of Rs 227.7 Cr
Ø Jaiprakash Power Ventures pre-pays Rs 299.51 Crore debt
Ø Fintech startup Easebuzz raises $4 Million in first funding round
Ø OnMobile leads $13 Million funding in short-video app Chingari
Business Standard
Ø Low base, recovery in demand drive March auto sales into fast lane
Ø Recovery on a roll: GST mop-up hits record Rs 1.24 Trillion in March
Ø Reliance Infra sells HQ in Mumbai’s Santacruz to YES Bank for Rs 1200 Cr
Ø Future Retail to offer quick online deliveries in bet on e-commerce
Ø Debt-laden IL&FS sells 49% Stake in China road asset for Rs 1K crore
Ø NCLAT removes stay on Reserve Bank of India action against Srei group
Ø US fund Interups enters Indian skies with 49% stake purchase in Trujet
Ø NIIF invests Rs 2,100 Cr in Manipal Hospitals, its first in health space
Ø Video startup Chingari raises $13 Mn, plans 100 Mn users in 6 months
Ø Power Finance Corp pays interim dividend of Rs 1,182.63 Cr to govt for FY21
Ø Bank credit to medium-sized firms grows 21% in February, shows data
Ø India’s exports jump 58% to hit all-time high of $34 Billion in March
Ø UPI transaction value touches new high at Rs 5 Trn in March, volume up too
Ø PE/VC firms’ investments increase by 85% to $11.9 Bn during Q1FY21
Financial Express
Ø Wipro to acquire Australian firm Ampion for $117 million in full cash transaction
Ø Jana Small Finance Bank files DRHP to raise Rs 700 Crore via fresh share issue
Ø Companies’ registration up 27% in FY21 to over 1.55 Lakh company incorporations
Ø Average price from conventional power plants rises to Rs 3.85/Unit in FY21
Ø NPCI subsidiary starts operating to offer recurring Payment services
Ø PhonePe logs $388bn in annual TPV run rate, crosses 1-bn UPI transactions in March
Ø Mastercard to invest about Rs 733 Cr in Airtel Africa’s mobile money biz for minority stake
Ø Cane arrears rise over 19 pc to Rs 22,900 cr till Feb of 2020-21 season amid Liquidity crunch: ISMA
Ø CIL’s additional supply reduces coal imports by 90 MT in FY21
Ø Improved buoyancy in Q4: Centre releases extra Rs 45,000 crore to states from divisible pool
Ø Niti Aayog suggests policy measures to ensure subsidised foodgrains supply to needy
Ø US exporters continue to encounter significant barriers in India: Report
Mint
Ø Indian Railways new record: RCF manufactures nearly 1500 LHB coaches in last FY
Ø Urban unemployment jumps as second wave slams job market
Ø Biden calls for $50 billion to boost US chip industry
Ø Govt notifies tax return forms with a few tweaks
Ø SEC allows Bharat Biotech to test third Covaxin shot
Ø Centre gave Rs. 2.62 Trillion direct tax refunds in FY21
Ø Govt approves over ₹6,100 Crore worth Highway projects
Ø DigiHealth to invest in developing Pharma Supply chain, distribution
Ø Govt sets up Three Panels to curb Industrial Accidents
Ø Tata Power takes over Power Distribution in North – Eastern Odisha
