*Business News Headlines*
*Economic Times*
Ø Infosys is watchful but confident enough to raise growth guidance: Salil Parekh
Ø Go Fashion pushing ahead with expansion; plans to open 120-130 stores every year
Ø Patanjali Foods will take price cuts as commodity prices decline: Sanjeev Kumar Asthana
Ø Syrma SGS offers exposure to India’s fast-growing electronics manufacturing
Ø OPEC, in contrast to IEA, sees lower 2022 oil demand growth
Ø HDFC executes a rare trade to hedge rate risk
Ø Lower bad loans push PSU banks' profitability in June quarter
Ø LIC consolidates its leadership position with 68.57% market share
Ø Fairfax Financial to double investment in India over 4-5 years
Ø Eicher Motors net more than doubles in Q1FY23
Ø Union Bank expects to recover Rs 15,000 crore from bad loans this fiscal
Ø Greenko to develop up to 400 MW green capacity for Hindalco's aluminium smelter in Odisha
*Business Standard*
Ø RBI guidelines may lead to high compliance cost for digital lending apps
Ø BofA Sec sees more mkt corrections, revises 2022-end Nifty target to 15,600
Ø Centre garners Rs 3,000 crore from windfall tax on oil and gas firms
Ø Govt to remove domestic fare caps imposed on airlines Aug 31 onwards
Ø Dhanlaxmi Bank's Rs 127-cr rights issue hits fresh roadblock at boardroom
Ø Adani group to invest Rs 57,575 cr to set up alumina mill in Odisha
Ø Tyre maker Balkrishna Industries FY23 volume, margin seen under pressure
Ø IT companies' margins decline to decade-low of 23.2% in June quarter
Ø Interim wage hike likely to hit margins of West Bengal tea estates: Icra
Ø LIC ropes in Milliman Advisors to derive September embedded value
*Financial Express*
Ø Tata Sons FY22 net rises 164% to Rs 17,171 crore
Ø Oil ministry to divert gas from industries after CNG, piped gas prices jump 70 pc in a year
Ø Institutional investments in real estate dip 28% to 2.3 bn in H1: Report
Ø Balaji Telefilms posts consolidated revenue of Rs 119 crore in Q1, FY23
Ø Tax hike on petroleum: Crude oil production tax raised; diesel, jet fuel export tax cut by this much per litre
Ø Price freeze on petrol, diesel, LPG to hit profitability of IOC, BPCL, HPCL: Fitch
Ø Airtel Africa signs up for USD 125 million credit pact with Citi
Ø Mudra NPAs moderate in FY22, though still above pre-Covid levels
Ø Import reliance for oil jumps 10 percentage pts since 2015
Ø Jio, Adani Data, Airtel and Vodafone Idea get one more day as DoT extends spectrum payment due date
By: via @AlliesFin Serve Stock Market
