Wednesday 28 December 2022

Allies Fin Serve Stock Market's Post

*News Headlines from Business News Agencies:*

*Business Standard :*

• India plans $2 billion incentive for green hydrogen industry, says report

• India Inc takes steps to protect supply chain as Covid-19 rages in China

• IT ministry appointed as nodal ministry for online gaming in India

• E-two-wheeler sales ride past 500,000-mark in 2022, penetrate 4% of mkt

• Housing sales in top-7 cities up 54%, top previous high of 2014: Anarock

• Building boom sets up India as saviour for flagging global steel demand

• PLI scheme for textiles attracts Rs 1,536 crore in investments: Govt

• Private banks lead in credit growth in Q2 as demand grows: RBI data

• IT majors lowering revenue projections for FY23 amid macroeconomic troubles

• Govt controls under data protection bill to hit data centre investment: ITI

• Govt raised Rs 4.06 trn via dated securities in July-Sept: FinMin report

• Credit offtake grows 17.5% for fortnight ended Dec 2: CARE Ratings

• Southeast Asia withheld China's attempts to economically breach sovereignty

• India emerges as the voice of Global South amid Ukraine war, Covid chaos

• India-Australia free trade agreement will boost Indian apparel exports

• Japan charges Apple with $98 mn additional tax for abuses of rules


*Economic Times :*

• Bright prospects of rabi foodgrain production to offset kharif losses

• Tesla used car price bubble pops, weighs on new car demand

• Nestle, Panasonic, Dabur & Wipro Consumer among cos planning to focus more on D2C marketing

• New Delhi may offer Rs 12,000 crore incentive to lure Apple, others raise output in Bharat

• India's housing sale hits all-time high in 2022 due to robust demand: Anarock

• Japan to require COVID-19 tests for all visitors from China

• Govt mulls offloading 15-20 lakh tons of wheat from FCI to contain prices in 2023

• Metal stocks rally up to 8% amid reports of steel price hike

• India's total debt increases to Rs 147 lakh crore in Q2

• Indowind Energy to allot 3.58 crore shares worth Rs 43 crore under rights issue

• Ministry of power and DRDO sign MoU for developing mitigation measures

• Domestic tourism bounces back to pre-Covid times, hotels bookings spike 100%

• Max Healthcare partners with genomics biotech firm Anuva

• Airbag industry in India to grow to Rs 7,000 cr by FY27: Icra

• Cipla's higher automation spends to continue for 3 more years: CTO Geena Malhotra


*Mint :*

• Substantial improvement in Coal India’s grade of coal in 2022: Govt

• IEX forms subsidiary to explore business opportunities in carbon market

• Healthcare deal-making set to surge in 2023

• Oil prices rise as China eases covid restrictions

• Hindustan Power Exchange crosses 1 BUs of power trading

• India, amid building boom, overtakes China as ‘global steel saviour’: Report

• Taiwan to extend mandatory military service in face of Chinese pressure

• L&T wins contract to establish 90MW floating Solar PV plant at Omkareshwar dam

• Indian companies raise lesser funds in 2022 from equity and debt route

• Bharat Biotech’s intranasal covid vaccine priced at ₹325 for govt hospitals

• TV networks wary of buying movie rights as viewership drops

• India well-placed amid global risks, says Tata chief Chandra

• PFRDA halts govt NPS subscribers to make partial withdrawal via self declaration
By: via Allies Fin Serve Stock Market

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