Economic Times

Ø RBI launches FY21 round of survey on ITES Exports

Ø India again urges OPEC to phase out oil output cuts

Ø Bank of Maharashtra gets shareholders’ nod to raise Rs 5,000 Cr

Ø LIC Housing Finance to raise over Rs 2,334 cr from LIC as equity capital

Ø Future Retail seeks extension of time for filing results

Ø PTC India posts 4% rise in Q4 profit to Rs 49.77 Cr

Ø India Pesticides IPO Subscribed 3.8 times on Day 2

Ø Union Bank of India raises Rs 850 Cr through Bonds

Ø NDMC increases License fees for 2021-22 by up to 7 %

Ø Insurers have settled 15.3 lakh health and 48,000 life claims amid lethal second wave: Irdai Official

Ø Reliance Industries to invest Rs 75,000 crore on new clean energy business over 3 years

Ø India’s engineering, research, development market to reach USD 63 bln by 2025: Nasscom

Ø WealthDesk closes its pre-Series A funding round at $3.2 million

Ø Edtech startup Classplus raises $65 million from Tiger Global, others

Business Standard

Ø RBI tightens dividend payout norms for NBFCs, links them to bad debt

Ø RIL offers Board seat to Saudi Aramco’s Yasir Al-Rumayyan in global push

Ø Apollo Hospitals pegs a $2.3 Billion sales target for new company

Ø Covered bond issuances increase to Rs 2,200 cr in FY21: ICRA report

Ø CEA expects food inflation to ease with unlock and good monsoon

Ø China all set to operationalise the first electric train in Tibet

Ø Markets regulator Sebi plans to come out with framework for SPACs

Ø Microsoft shows Windows 11, first major overhaul in six years

Financial Express

Ø Maharashtra State Cooperative Bank reports Rs 369-crore net in FY21

Ø Reliance Retail to grow 3x in next 3-5 years, create 10 lakh jobs: RIL Chairman

Ø French firm Imerys pumps in Rs 350 cr in new facility in Andhra Pradesh

Ø Bank of England keeps UK rates at record low of 0.1%

Ø States’ revenues set to cross pre-pandemic level this fiscal: Report

Ø IPO-bound Veeda Clinical Research raises $16 mln in round led by Sabre PE

Ø BSE collaborates with GIFT SEZ to offer finance, capital mkts courses

Ø GMR Infrastructure pledges 2.4 Cr shares in favour of KLJ Plasticizers

Ø Wipro IT Services raises $750 million from overseas bond sale

Ø Paytm extends deadline for Shareholders to submit documents for share sale to June 30

Mint

Ø Govt to amend Apprenticeship Act in monsoon session to boost hiring

Ø Centre may review IBC provision on withdrawal of case

Ø ReNew Power eyes Morgan Stanley stake in Continuum

Ø Indian Bank raises ₹1,650 Crore via QIP

Ø E-way bills pick up further pace in third week of June

Ø Union Bank of India raises ₹850 Cr through bonds

Ø Domestic Air Traffic expected to improve by 52% in FY22: Capa

Ø Visa buys Swedish Fintech Tink for more than $2 Billion

12 May 2021

Economic Times

Business Standard

Ø  Moody’s cuts India’s GDP growth forecast to 9.3 per cent from 13.7 per cent for fiscal 2021

Ø  Ambitious target of $400 bn exports can be achieved this year: Piyush Goyal

Ø  Jio pips Airtel in February user adds, Vi adds subs after 15 months: Trai

Ø  Microfiance sector seeks RBI’s additional support to combat COVID-19 second wave

Ø  Tata Motors reviewing CCI order on probe against commercial vehicle business

Ø  Indian oil refiners cut processing, imports as pandemic reduces demand

Ø  Nomura cuts FY22 GDP growth estimate to 10.8% due to Covid lockdowns

Ø  Sebi plans to ease post-IPO lock-in for promoters, amend key definition

Ø  Analysts downgrade IndiGo as second Covid wave weakens outlook

Ø  Govt ready for another cut in import duty on steel to tame prices

Ø  Sebi makes dividend distribution policy must for top 1,000 listed cos

Ø  KFIN Tech buys 17% stake in Artivatic.ai, gets foot into insurtech space

Mint

Ø  JSW Hydro Energy raises $707 million via maiden green bond

Ø  India Inc records 161 deals in April

Ø  India’s renewables growth halved to 5.62 GW in 2020

Ø  Chola MS Insurance posts ₹374-crore PBT in FY21

Ø  NYSE-listed Startek prunes net loss to $12.2 million in first quarter

Ø  Granules India Q4 net up 38 per cent at ₹128 cr

Ø  Sebi proposes rationalising ‘promoter group’ definition’

Ø  Mahindra expects 15-20% fall in Q1 sales due to second covid wave

Ø  Blackstone-backed Sona BLW receives SEBI nod for Rs6,000 crore IPO

Ø  Cairn Energy says steps to realise arbitration award against India being taken

Ø  Mark Mobius says inflation threat won’t go away anytime soon

Ø  Jaypee Infra insolvency: NBCC submits revised bid

Financial Express

Ø  India contracts for 56 lakh tonne sugar export; to conclude deals for rest 4 lakh tonne soon: AISTA

Ø  Groww to acquire Indiabulls MF for Rs 175 cr

Ø  JSW Steel’s crude steel output jumps to 13.71 LT in April

Ø  Ruchi Soya To Acquire Biscuits Biz From Patanjali Natural Biscuits For Rs 60cr

Ø  Rupee Pares Losses To Close Flat At 73.34 On Dollar Sale By Exporters

Ø  Gold Declines Rs 212; Silver Tumbles Rs 973

Business Standard

Ø  RBI to set up task force to review working of asset reconstruction companies

Ø  IRDAI issues draft guidelines on trade credit insurance

Ø  Tata Power Solar doubles manufacturing capacity to 1100 MW

Ø  Supporting growth paramount for RBI now: Shaktikanta Das

Ø  Goldman-backed ReNew to invest $9 billion on India’s green push

Ø  Spectrum-trading pact: Airtel monetises unused airwaves, Jio saves $400m

 Ø  RBI keeps repo rate, reverse repo rate unchanged at 4% and 3.35%

Ø  Cabinet approves Rs 6,238 crore PLI scheme for air-conditioners, LED lights

Ø  Information Technology spending in India to reach $93 bn in 2021: Gartner

Ø  Japan’s Toshiba Corp considers $20 billion take-private deal: Report

Ø  US trade deficit jumps 4.8% to record $71.1 billion in February

Ø  Vedanta open offer subscribed just 58% after failed delisting bid

Mint

Ø  Economy likely to rebound strongly in 2021-22: RBI

Ø  Despite the pandemic, Alang beached 187 ships for recycling

Ø  HDFC invokes RPower shares

Ø  Rage Coffee raises funds from investors led by Refex Capital

Ø  Trifecta Capital files for ₹1,500 crore late stage VC Fund

Ø  Steel Strips Wheels bags orders worth ₹42 cr from US, EU markets

Ø  IL&FS sells environment business, to pare ₹1,200 crore of debt

Ø  Macrotech Developers IPO subscribed 26% on the first day of bidding

Ø  Mobile makers invest ₹1,300 cr under PLI Scheme in 2020 Dec qtr: Govt

Ø  Redis Labs raises $110 Million led by Tiger, valuation doubles to $2 billion

Ø  JSPL eager to build container manufacturing unit in Paradip

Deccan Chronicle

Ø  IMF lifts China’s GDP to 8.4 %, but Gita Gopinath says growth unbalanced

Ø  RBI retains GDP growth forecast at 10.5 pc for FY22

Ø  Rajesh Exports bags Rs 745-cr order from Germany

Ø  RBI targets 5.2 per cent retail inflation for first half of FY22, repo rate unchanged

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

Economic Times

Ø Jio, Airtel and Vi Pay Rs 5,000 Crore AGR dues for March quarter

Ø US Treasury yields rise, but hold below recent highs

Ø Sugar Sector Growth likely to improve in Q4FY21, says Indian Ratings and Research

Ø India’s coal import drops 14 pc in Apr-Feb FY21

Ø Over 4 Cr old vehicles on Indian roads, Karnataka tops list at 70 lakh

Ø Adani, Torrent submit EOIsfor South East UP Power Transmission Company

Ø 75% of Real estate developers offered discounts to attract buyers in 2020, says new survey

Ø Private sector can help increase funding options for rail infra: ICRA

Ø Shipping lines rerouting vessels as Suez remains blocked

Ø India’s highest Cyber Security office sets rules to identify trusted telecom gear vendors

Business Standard

Ø Strongly believe in India story, will continue physical expansion: KFC

Ø British ministers reject Sanjeev Gupta’s bailout plea for $234 mn: Report

Ø Coal India to post marginal contraction in production in FY21: Report

Ø Cairn to seize overseas Indian assets to enforce $1.2-bn arbitration award

Ø After acquiring Bhushan Power, JSW Steel eyes Neelachal Ispat

Ø Life insurers shell out Rs 2,000 Crore as Covid-19 death claims, shows data

Ø Public procurement from GeM portal crosses Rs 1 trillion, says CEO

Ø Manappuram Finance looks to take MFI arm Asirwad Microfinance public

Ø Corporate affairs ministry facilitates tracking down of payments to MSMEs

Ø UK eases lockdown but nervously eyes European coronavirus surge

Ø Goldman Sachs Group sells over $10-billion stocks in block trades

Ø Insurance companies on hook for millions tied to Suez Canal crisis

Ø Amid Covid surge, RBI to opt for status quo in monetary policy: Experts

Ø Trai writes to key ministries, associations on new norms for bulk SMS

Ø Govt unlikely to continue with zero-coupon bond route to recap PSU banks

Financial Express

Ø BSNL gets DoT nod for Hybrid 4G tender

Ø Banks to conduct special clearing operations for closure of government accounts on March 31: RBI

Ø Coal India likely to post marginal Production Degrowth in FY21

Ø Flipkart corners nearly half of online smartphone market in 2020; online shipments hit highest-ever share

Ø 2020-21: Net tax receipts seen up by Rs 1.2 Lakh Crore over revised estimate

Ø J&K witnessed increase in total Expenditure from 2014 to 2019: CAG

Ø Edtech platform Great Learning collaborates with Jain University

Mint

Ø Abu Dhabi wants to revolutionize how the Middle East sells oil

Ø Cadila’s investors hope for US growth, vaccine success

Ø India, South Korea agree to go for joint production, export of Military hardware

Ø Indian-origin boy finds millions of years old fossil in UK Garden

Ø India levies anti-dumping duty on bottle-grade PET from China

Ø Cochin Shipyard’s Shipbuilding facility in West Bengal to be operation by June

Ø Modernisation need of hour in agriculture sector: PM Modi

Ø Six crore Covid-19 Vaccine doses administered in India: Government

Ø OTTs to invest ₹1,900 Cr in original content this year

News from Financial Portals

#  Centre likely to float request-for-proposal for Air India privatisation

#  Pimco stops participating in bond offerings of Adani Ports & SEZ

#  Exclusive: U.S. senators press Biden to set end date for gas-powered car sales

#  Amazon-backed Deliveroo eyes $12 bln value in IPO

#  Maruti Suzuki to raise prices in April to tackle higher costs

#  MobiKwik targets IPO by September, seeks to raise $200-$250 mn: Report

#  Fintech startup KreditBee raises $70 mn from TPG arm, Motilal Oswal

#  Piramal Capital & Housing Finance raises Rs 4,050 crore through NCDs

#  Airtel panel approves preferential allotment of 36.4 million shares to LMIL

#  Adani Green Energy arm get letter of award for 300 MW wind project

#  India Ratings gives logistics stable outlook in FY22, sees demand growing

#  Insurance Amendment Bill to raise FDI limit to 74% in Lok Sabha

#  Vehicle scrapping policy unlikely to trigger replacement, says Jefferies

#  Barbeque Nation IPO to open on Wednesday; sets price band at Rs 498-500

#  AstraZeneca says US trial data shows Covid-19 vaccine 79% effective

#  Engineering exports drop 5% in Feb as shipments to US fall

#  Ind-Ra cuts ratings on GMR Hyderabad, Delhi Airport term loans

#  Potato prices crash 50% to ₹5-6 a kg

#  Centre fixes 2021-22 import quota for tur, moong

#  Cargo traffic at 12 major ports falls for eleventh month in February 2021

#  Packaging industry riding on high demand: Uflex

#  India’s crude oil throughput hits 4-month low

#  How Ambani’s Snac tac is giving Maggi a run for its money in India’s market

#  Indian companies more upbeat about profitability growth than EM peers

#  Saradha scam: CBI searches at offices of SEBI officials

#  Delhi govt asks CV owners to convert half of their fleet to electric by 2023

#  Five companies win bids to build flying training schools at AAI airports

Business Standard

Ø  Govt collects Rs 26,457 crore by decreasing stakes in six DPSUs in last 5 years

Ø  Adani Renewables bids Rs 2.77 for wind projects

Ø  EPFO closed 71.01 lakh EPF accounts in April-December 2020

Ø  No plan to split GAIL: Oil Minister Dharmendra Pradhan

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