Tuesday 31 August 2021

@AlliesFin Serve Stock Market's Post

Business News Headlines

Economic Times

Ø Maruti Suzuki to raise prices in September
Ø Maruti Suzuki output may fall further due to Malaysia lockdown
Ø Bharat Forge may sustain premium valuation amid higher revenue visibility
Ø Anmi expresses concern over T+1 settlement proposal
Ø Motilal Oswal sees 18% upside in freshly-debuted Clean Science
Ø Go Airlines gets Sebi nod for Rs 3,600 crore IPO
Ø Ola picks banks for $1 billion IPO, may file papers in October
Ø Telecom tariff hikes are imminent: Nitin Soni, Fitch Ratings
Ø SBI to raise up to Rs 4,000 crore via AT1 bonds
Ø Unitholders of Franklin’s six shut debt schemes to get Rs 2,918 crore
Ø SSWL inks pact with Tata Steel Long Products to supply round bars

Business Standard

Ø Rakesh Jhunjhunwala-backed Rare Enterprises to invest in Syska LED
Ø NSE co-location case: Sebi slaps Rs 6 lakh fine on Parwati Capital Market
Ø Carlyle preferred bidder for Baring PE's Hexaware in $3 bn deal: Report
Ø NTPC ups coal output, seeks to boost stocks to meet electricity demand
Ø Aluminium industry staring at 3-5 day coal inventory amid CIL's supply cut
Ø Airtel's fundraise to provide ammo for 5G, fortify position: Analysts
Ø India power-sector financier REC plans first loan using Libor heir
Ø Exports from SEZs up 41.5% to Rs 2.15 trillion during Apr-June 2021
Ø L&T wins significant contracts for various businesses
Ø Moody's assigns B1(hyb) rating to Axis Bank's proposed AT-I capital bonds
Ø Depositors of stressed banks to get up to Rs 5 lakh back from Nov 30

Financial Express

Ø MapMyIndia plans Rs 1,200 crore IPO
Ø Jindal Steel and Power seek shareholder nod to divest power biz
Ø FinMin extends deadline for making payments under Vivad se Vishwas scheme till September 30
Ø Economic resurgence: FDI equity inflows jump 168% in Q1
Ø Coal shortage drives spot power prices to record high of Rs 20 per unit
Ø Tracking investments: Ministries asked to move faster on PLI schemes
Ø Zomato invests over $100 million in Grofers
Ø Gujarat Gas rating – Buy: Sharp price hike to aid profitability
Ø Sebi cuts lock-in period for promoters to 18 months post-IPO
Ø ICICI bank files cheating case against Karvy Stock Broking Ltd

*Mint*

Ø New drone regulations wind in the sails for racers, hobbyists
Ø Amazon asks Sebi to order withdrawal of Future-RIL deal approval
Ø Shriram City looks to disburse up to ₹23,000 cr in FY22
Ø RBI imposes monetary penalty on 2 co-op banks, 1 NBFC
Ø NHPC signs MoU with PFC to fund hydro projects, acquisition of stressed projects
Ø Domestic air travel bookings pick up pace amid festive season
Ø FMCG earnings don’t paint a pretty picture of the economy
Ø Mumbai court allows restoration of Nirav Modi's confiscated properties to PNB
Ø Ixigo takes aim at MakeMyTrip with ₹1,600-crore IPO
Ø Jeh Wadia steps down from roles at more Wadia firms
Ø India's space-tech startups steering a rough ride
Ø China’s biggest solar giant is extending its global reach
By: via @AlliesFin Serve Stock Market

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*India Daybook – Stocks in News* *Kirloskar Oil:* Net profit up 86.1% at ₹146.8 cr vs ₹78.9 cr (YoY) Revenue up 20% at ₹1,660 cr vs ₹1,383...