*Business News Headlines*
*Economic Times*
Ø Sebi clears change in ownership of HDFC Ltd's subsidiary HDFC Property Ventures
Ø Biocon net profit rises 71 pc to Rs 144 crore in June quarter
Ø Varun Beverages: Two entities settle insider trading case with Sebi
Ø Sebi moves SC against stay on order rejecting Brickwork's consent plea
Ø 5G spectrum auction: Bids worth ₹1.45 lakh crore on Day 1
Ø A $9.4 trillion results day looms in a test for stock market
Ø IMF cuts India’s growth forecast, ups global inflation projection
Ø CCI approves Greenforest New Energies' stake buy in Tata Power Renewable
Ø HAL signs USD 100 mn engine contract with Honeywell
Ø Hatsun Agro breaches Rs 2,000 crore sales mark in April-June quarter
Ø Tata Group delivers indigenously developed Quick Reaction Fighting Vehicle to Indian Army
Ø Semiconductor shortage issue is easing: Tata Motors Group CFO
*Business Standard*
Ø Fed raises rates by 75 bps to tame inflation, flags weakening economic data
Ø Q1 results: Private banks' net profit rises 47% on fall in provisions
Ø Mergers & acquisitions on rise as startups diversify into newer spaces
Ø Want to cut govt stake in Union Bank to at least 75%: CEO A Manimekhalai
Ø Eutelsat, OneWeb to merge; Bharti to be single largest shareholder
Ø IDBI Bank sale: Clarity on sale glide path for buyers after EoI stage
Ø CFM ARC sells JBF Industries assets to Reliance Industries entity
Ø IT companies' margins decline to decade-low of 23.2% in June quarter
Ø 2-wheeler makers accelerate global expansion plans as exports gain traction
Ø Cabinet approves BPCL unit's $1.6-bn investment plan in Brazil
*Financial Express*
Ø Sebi again extends deadline for commencing KYC record validation by KRAs
Ø Sebi may expand disclosure requirements for QIP proceeds
Ø Powergrid Infrastructure Q1 net profit grows 84% to Rs 213.9 crore
Ø CCI approves Greenforest New Energies’ stake buy in Tata Power Renewable
Ø HDFC Life plans to raise funds by issuing equity, other securities
Ø Cabinet nod to Rs 1.64 lakh cr BSNL revival package
Ø Govt, LIC may offer up to 60% stake in IDBI Bank
Ø Mudra NPAs moderate in FY22, though still above pre-Covid levels
Ø Import reliance for oil jumps 10 percentage pts since 2015
Ø Tata Steel signs MoU with startup for drone-based mining solutions
By: via @AlliesFin Serve Stock Market
