*News Headlines from Business News Agencies :*
*Business Standard :*
• India's GDP growth accelerates to four-quarter high of 7.8% in Q1 FY24
• Tata Steel in advanced talks to secure funds for UK plant: Reports
• Walmart increases stake in Flipkart, pays $3.5 bn to acquire further shares
• TVS Motor Aug sales: 2W sales up 5% to 332,110 units, overall sales up 4%
• Moody's raises India's growth forecast to 6.7% for 2023, lowers it for 2024
• Nomura raises India's economic growth forecast for FY24 to 5.9%
• Air India onboarded 650 pilots since April 2023, says CEO Campbell Wilson
• Bajaj Finance plans to scale up presence in 1,000 cities for B2B segment
• Weak monsoon may impact rural demand: Nestle India CMD Suresh Narayanan
• Reliance Retail in talks with global investors to raise $2.5 billion
• India sees driest August since 1901, Sept rains could be 'normal': IMD
• Torrent Pharma gears up to buyout Cipla promoters, approach PE funding
• Mahindra Logistics to provide Flipkart with heavy commercial vehicles
• Optiemus partners with Corning International to produce smartphone glass
• M&M August sales up 19% overall, automaker reports 26% growth in SUVs
*Economic Times :*
• NTPC, Oil India ink pact to explore collaborations in renewable energy, hydrogen space
• Sebi looking to set up performance validation agency to verify claims of intermediaries
• Rooftop solar installations see 3.2 pc growth at 872 MW in January-June: Mercom
• Bank credit outstanding to real estate rises to record Rs 28 lakh crore in July: RBI
• Reliance launches 'Campa Cricket' drink ahead of marquee tournaments like World Cup
• Ola joins ONDC with food-delivery plugin
• Arkade Developers files papers with Sebi for Rs 430-crore IPO
• Housing.com parent firm REA India's revenue rises 46% to over Rs 430 crore
• Tata Motors sees muted growth in auto sales in August; PV sales down 3%, CV up 2%
• India Inc set to show further improvement in credit metrics in Q2: Report
• Zerodha cofounder Nikhil Kamath may acquire more stake in Nazara Technologies
• Broadcom forecasts quarterly revenue below expectations on broader demand weakness
• Dell raises full-year forecasts on AI strength, demand recovery
• Maruti records highest ever monthly sales volume in August at 1.89 lk units
*Mint :*
• India's GST collections for August up 11% to ₹1.59 lakh crore
• Ola joins government-backed ONDC for food delivery services: Report
• CCI clears Air India-Vistara merger
• Inconsistent monsoons, weak rural consumption could slow growth: SBI Caps
• India’s beauty and personal care market to touch $30 billion by 2027
• Government launches incentive scheme to improve tax compliance at retail level
• RBI announces premature redemption dates for Sovereign Gold Bonds
• Uday Kotak resigns as MD & CEO of Kotak Mahindra Bank, 3months ahead of schedule
• Coal India August production up 13.2% at 52.3 MT Vs 46.2 MT (YoY)
• Ola likely to hire a veteran Unilever executive as CEO for cab business: Report
• BSE raises share buyback price to ₹1,080 apiece; record date fixed on Sept 14
• Centre seeks bids for IMPCL's strategic disinvestment
• JSW Cement to launch ₹4,000-cr IPO in 2024
• Jalan Kalrock Consortium deposits another ₹100 cr in Jet Airways under revival plan
• Government raises natural gas prices to $8.60 per mmBtu
By: via Telegram.me/AlliesFin #StockMarket #india
