Wednesday, 22 December 2021

@AlliesFin Serve Stock Market's Post

*Business News Headlines*

Tg @AlliesFin

*Economic Times*

Ø Vedanta entity, OVL among companies in race for Videocon Oil & Gas Co
Ø SBI invests Rs 100 crore in JSW Cement to acquire a minority stake
Ø YES Bank board approves raising Rs 10,000 crore
Ø IOC acquires 5% stake in IGX
Ø National Stock Exchange launches NSE Prime
Ø Dish TV promoter moves court for ownership of shares held by Yes Bank
Ø Escorts' shareholders approve preferential allotment of 94 lakh shares to Japan's Kubota
Ø Parliamentary committee suggests manganese ore reserves exploration
Ø Piramal Pharma invests Rs 102 crore in Yapan Bio for significant minority stake
Ø Govt may change SEZ rules in Budget to ease compliance burden
Ø Aditya Birla Sun Life Business Cycle Fund collects Rs 2,200 crore in NFO period

*Business Standard*

Ø No Cabinet decision on privatisation of two PSBs: FM Sitharaman
Ø Chip crunch, commodity costs hit auto component companies in H1FY22: ACMA
Ø Snapdeal files DRHP to raise funds through IPO
Ø Reliance Industries to see upward revision in Sensex, Nifty weighting
Ø Banks, online merchants race to comply with RBI card data storage norms
Ø Medium-term volume, margin targets positive for Godrej Consumer
Ø Manappuram Finance plans to raise up to Rs 500 crore via bonds
Ø Singapore index steals a march over NSE in Nifty futures volumes in 2021
Ø JSW Energy (Barmer) buys back shares for Rs 1,000 crore
Ø Sebi drops case of insider trading against Dish TV's promoter

*Financial Express*

Ø Officer’s Choice Whiskey maker weighs IPO at $2.5 billion valuation
Ø PM Gati Shakti plan, single window clearance to further push FDI inflows in new year
Ø Short-term rates rise up as surplus liquidity narrows
Ø LIC IPO: Govt rubbishes reports of delay, says, LIC on track for IPO in Jan-Mar
Ø Zomato, Swiggy stare at GST complexities from January 1
Ø ICICI Bank raises Rs 5,000 crore via bond issue
Ø Mutual Fund managers poured over Rs 4,000 crore in IPOs in November, PolicyBazaar, Paytm top bets
Ø Bharat Bond ETF oversubscribed six times against base size of Rs 1,000 crore
Ø India’s solar capacity addition jumps over three-fold to 7.4 GW in Jan-Sep
Ø Mutual Funds: Equity flows were strong in Nov

*Mint*

Ø US FDA expected to authorize Pfizer and Merck Covid pills this week
Ø IDBI Bank clarifies on reports of Sanghavi Exports defaulting large loans
Ø Asset allocation will help contain losses
Ø The US Fed should go beyond just doubling its QE taper rate
Ø Aditya Birla Fashion receives licence to sell Reebok in India
Ø Govt departments, autonomous bodies owe over ₹244 cr to Air India
Ø India, Russia sign record 28 agreements
Ø MoP lays down strict rules to ramp-up coal supplies to power projects 
Ø Auction premiums, price hikes could fuel Coal India
Ø ESG-led corporate restructuring is about capital too
Ø Electric vehicles set to charge ahead in 2022
Ø Fabindia to file for ₹4,000 crore IPO by December end
By: via @AlliesFin Serve Stock Market

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SEBI issues consultation paper to review SME IPO and disclosure norms. Some key points are as follows 1. Minimum application size shall be...