Thursday 20 July 2023

Telegram.me/AlliesFin #StockMarket #india's Post

*News Headlines from Business News Agencies:*

*Business Standard*
• Bank of Maharashtra Q1FY24 result: Net profit up 95% YoY to Rs 882 cr
• Tata Group picks Britain for new EV battery plant, to invest $5.2 bn
• Tata Coffee Limited (TCL) June quarter revenue grows 6% to Rs 708 crore
• India's imports of sunflower oil to fall as Black Sea grain deal expires
• India to cut import duty on Washington apples to 50% by September end
• Bikaji Foods International acquires 49% equity stake in Bhujialalji
• TCS extends partnership, will strengthen GE Healthcare's tech operations
• Chip supply mostly sorted, only a few variants face crunch: MG Motor India
• Temasek Holdings seeks strategic partners to deploy $5 bn a year in India
• India ends Covid-19 testing requirements for international travellers
• Data protection bill: Govt mulls exempting startups from data sharing rules
• VC investment in Indian startups declines by 76.4% YoY in H1 2023: Report

*Economic Times*
• Corporate funding in global solar sector grows 54 pc to USD 18.5 bn in Jan-Jun: Mercom report
• Reliance Capital lenders approve Rs 200 crore capital infusion in Reliance General
• Indian hotel industry at a sweet spot; to witness decadal-high occupancy of 70-72% in FY2024: ICRA
• IT spending in India to hit $112 billion, CIOs to invest more in productivity: report
• Delay in India's census hurting quality of survey reports, says official
• Smartphone shipments recover in June quarter at 36.1 mn units: Canalys
• Health Ministry moots Centre or state bodies be empowered to regulate drugs, cosmetics manufacture
• Netweb Technologies IPO subscribed 23 on last day
• D2C firm Power Gummies sets up own manufacturing unit, partner Apollo for new launch
• Lexar appoints Shabu Sultan as country general manager in India
• Don't expect RBI to cut rates, status quo may be maintained: SBI Chairman
• Tata Sons announces global battery cell gigafactory in the UK

*Mint*
• Polycab India's Q1 profit soars 82% on strong wires and cables business
• Mumbai airport June air traffic at 107% of pre-covid level
• Reliance to consider paying dividend at July 21 board meeting
• Hindustan Zinc stake sale likely to be delayed by government: Report
• Newgen Q1 Results: PAT rises by 57% to ₹30.2 crore; revenue jumps by 34%
• Jubilant Pharmova posts Q1 net profit at ₹6.4 crore; revenue rises 9% YoY
• UK Inflation dips below expectations, reaches 15-month low of 7.9%
• Retail sales up 7% in June, says industry body
• Nissan, Renault may announce new alliance deal in the upcoming days
• Federal Bank board to consider fundraising on July 21
• Johnson & Johnson ordered to pay $18.8 million in California Talc-Cancer trial
• SBI Capital Markets has appointed Shri Rajay Kumar Sinha as new MD & CEO
• SJVN’s hydro power stations generate record 50.498 MU in single day
By: via Telegram.me/AlliesFin #StockMarket #india

AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

*India Daybook – Stocks in News* *Kirloskar Oil:* Net profit up 86.1% at ₹146.8 cr vs ₹78.9 cr (YoY) Revenue up 20% at ₹1,660 cr vs ₹1,383...