*Business News Headlines*
*Economic Times*
Ø Holcim-Adani deal: Decoding the key challenge for cement industry
Ø Demand-supply gap, synergies led to acquisition: Gautam Adani on Holcim deal
Ø Reliance to build separate online marketplace for third-party sellers
Ø Adani Group to buy 49% stake in Raghav Bahl-run Quint
Ø TCS engages Tata group companies to deploy metaverse solutions
Ø CDPQ may sell ₹1,500 crore stake in India InvIT to meet norms
Ø Adani’s acquisition of Holcim businesses to be one of the largest deals in India
Ø Emami expects gross margin pressure of 200 bps in Q1 of FY23: CEO
Ø Hero MotoCorp expects two-wheeler industry to see double-digit growth in FY2023
Ø Canara Bank targets Rs 20 lakh crore business by March 2023: MD & CEO L V Prabhakar
Ø Insecticides India granted patents for two compounds
Ø Ambuja, ACC Cements sale: Adani group nears $10bn deal for Holcim India business
*Business Standard*
Ø ACC, Ambuja to ramp up capacity as Adani vies with UltraTech for top slot
Ø Centre set to put Pawan Hans sale on hold over winning bidder concerns
Ø Jet Airways conducts first set of three proving flights
Ø Reliance to acquire several brands in over Rs 50,000 cr consumer goods play
Ø Airtel to set up digital tech hub in Pune, hire 500 people by FY23 end
Ø Exports up 30.7% to $40.19 bn in April; trade deficit widens to $20.11 bn
Ø Found no merit in whistleblower complaints, says Aditya Birla Capital
Ø Bharat Forge consolidated net profit surges 9.3% to Rs 232 crore in Q4FY22
Ø USFDA rush after 2-year lull: 20-30% new products may be open to inspection
Ø eMudhra sets IPO price band at Rs 243-256 per share, sale to open on May 20
*Financial Express*
Ø ATF price hiked by 5.3 per cent, 10th increase this year
Ø Foreign investors’ relentless selling continues; pull out Rs 25,200 cr from equity mkt in May so far
Ø Modest earnings and missed estimates: SBI numbers singe BSE Bankex
Ø Venus Pipes IPO gets 16.31 times subscription on last day of offer
Ø Sebi extends relaxation till Dec on listed cos’ sending hard copies of annual reports to shareholders
Ø LIC holdings surge to a record high in Q4
Ø PMI To Set Up Its Largest Electric CV Manufacturing Plant In Pune
Ø Wheat procurement extended till May 31 in 6 states: Food ministry
Ø Adani Power, Jindal Steel & Power to be added to MSCI India index, HDFC AMC removed; $566 mn inflows expected
By: via @AlliesFin Serve Stock Market
