*Business News Headlines*
*Economic Times*
Ø RIL, CP Group, Lightspeed in fray for Metro's India business
Ø L&T Q1 results: Net profit rises 45% to Rs 1,702 crore in April-June
Ø Varun Beverages: Two entities settle insider trading case with Sebi
Ø Ashishkumar Chauhan quits as CEO of BSE
Ø Gujarat Polysol, PKH Ventures get Sebi's nod to launch IPOs
Ø Tech Mahindra's EBIT margin will be over 14% for FY23: CP Gurnani
Ø IMF cuts India’s growth forecast, ups global inflation projection
Ø CCI approves Greenforest New Energies' stake buy in Tata Power Renewable
Ø Indian diamond industry’s revenue set to fall 15-20% this fiscal year, Crisil says
Ø Hatsun Agro breaches Rs 2,000 crore sales mark in April-June quarter
Ø India's steel output grows 6 pc to 10 MT in June:worldsteel
Ø Margins of steelmakers will be under pressure in Q2, strong recovery in H2: TV Narendran
*Business Standard*
Ø India seen overtaking China as biggest importer of seaborne Russian crude
Ø 5G spectrum auction: Bid amount exceeds Rs 1.45 trillion on Day 1
Ø Domestic investors own more equities than FPIs in 75 large cos: Report
Ø Consumption weakness seen in rural India: Unilever CEO Alan Jope
Ø Eutelsat, OneWeb to merge; Bharti to be single largest shareholder
Ø Defence ministry approves arms procurement proposals worth Rs 28,732 cr
Ø CFM ARC sells JBF Industries assets to Reliance Industries entity
Ø Adani Group to invest $70 bn in green energy, infra: Gautam Adani
Ø Asian Paints Q1 net profit up 79% to Rs 1,017 crore; revenue up 55%
Ø We invested, supported our UK biz for a long time: Tata Steel's Narendran
*Financial Express*
Ø Indian pharma firms likely to see muted revenue growth from US generics market in FY23: Icra
Ø Closure of Vedanta’s copper unit results in Rs 14,749 crore loss to economy: Report
Ø Manufacturers of drones and drone components to get Rs 120 cr benefits under PLI scheme
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 Reliance Industries sees global recession headwinds
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 Institutional investors reject 2 resolutions of Orchid Pharma, PVR
By: via @AlliesFin Serve Stock Market
