News Headlines from Business News Agencies:
*Business Standard*
•Gross GST collection rises 10% to over Rs 1.62 trillion in September
•Edtech firm Byju's targets to reach break-even by March, hive off Epic
•Maruti Suzuki posts highest ever monthly sales in Sept at 181,343 units
•Tata Steel aims to complete decarbonisation at UK plant in next 3 yrs: CEO
•Tata Housing to launch Rs 16,000-cr projects in next 2-3 years: Sanjay Dutt
•Essar Group's Black Box plans to expand into India's data centre landscape
•FinMin notifies Oct 1 date for implementing amended GST law for e-gaming
•RBI extends last date for exchanging Rs 2,000 bank notes to Oct 7
•Govt raises interest rate on 5-year recurring deposit to 6.7% for Dec qtr
•Electronics industry body seeks PLI scheme for non-semicondcutor sectors
•Indian pharma exports to Iran decline thanks to its lower rupee reserves
•Social media, telcos, lobby for 18-24 months to comply with DPDP Act
*Economic Times*
•MGL slashes prices of CNG in Mumbai; to cost Rs 76/ kg from Oct 2
•Massive ecosystem changes coming: L&T MD
•PM announces formation of National Turmeric Board
•General Motors Employees Union calls for chain hunger strike from Oct 2
•RPSG group's Guiltfree faces Rs 39 crore GST demand notice
•DLF’s Panipat project sold out within hour of launch
•UltraTech Cement Q2 sales up 15% to 26.69 MT
•Godrej Agrovet to invest Rs 300 cr in integrated palm oil unit in Telangana
•India has scope for 130-150 more wide-body aircraft: GE Aerospace
•Growth momentum in Q2 shaping up well but rise in oil price poses a risk: Finmin report
•Infra push to drive cement demand up 10-12 pc this fiscal.
•Agritech startup Arya aims to double profit, increase revenue by 70% to Rs 500 crore in FY24
*Mint*
•SAIL aims to invest ₹5,500 cr in FY24
•Accenture results leave IT investors between hope and despair
•Britain signs 4 billion pound deal to build attack submarines
•Over 30 companies may qualify for IT hardware PLI scheme: Report
•Sebi extends timeline for verification of market rumours by listed entities
•NFRA penalises 18 auditors for misconduct in DHFL branches audit
•India's global exports in labour-intensive sectors declined in last 5 years: FIE
•Oil companies hike jet fuel prices by 5%, commercial LPG prices by over ₹200
•Biden's fuel economy plan raises concerns of $14 billion in fines for automakers
•No signs of systemic risk rising: RBI’s Patra.
•Govt's gross liabilities rose 2.2% sequentially in June quarter
•Dee Development Engineers files DRHP with SEBI to raise funds via IPO
*Economic Calendar – 03.10.2023*
10:30 INDIA S&P Manufacturing PMI (Expected: 57.8 versus Previous: 58.6)
19:30 U.S. JOLTS Job Opening (Expected: 8.85M versus Previous: 8.83M)
By: via Telegram.me/AlliesFin #StockMarket #india
