Saturday 17 August 2024

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

Today's Headlines from :

*Economic Times*

Telcos go slow on content spends; investment towards buying content falls 12% in FY24

Army issues Rs 6,500 crore tender for buying 400 howitzers under Make-in-India

Govt revises windfall gains tax on petroleum products, new rates effective from August 17

JSW Cement files DRHP for Rs 4,000 crore IPO

India facing acute shortage of natural rubber, prices soar

India's forex reserves drop $4.8 bn from an all-time high, settling at $670.12 bn as of Aug 9

Cabinet approves metro rail projects worth Rs 30,000 crore in Bengaluru, Thane, and Pune

India's unemployment rate shows a marginal decline, falls from 6.7% to 6.6% QoQ

Optiemus seeks Rs 400 crore to expand manufacturing operations

After raising $50 million, SaaS startup Loginext liquidates assets to US entity for $250k

Startup funding surges 170% YoY to $238 million this week

*Business Standard*

RBI flags breach of regulations by some NBFC-P2P lending platforms

E-scooter maker Ola Electric valuations hit $7 bn; up 75% over IPO price

Promoters of Electronics Mart India divest 7.8% stake for Rs 689 cr

Aurobindo Pharma arm gets warning letter from USFDA for Telangana unit

US court asks Vedanta-backed Sterlite Tech to pay $96.5 mn to Prysmian

Zoomcar narrows Ebitda loss in Q1 FY25, marks third profitable quarter

Tata Capital Housing Finance to raise up to Rs 3,500 crore via NCDs

Warburg Pincus buys majority stake in furniture fittings maker Ebco

Only 21% money in bank accounts belongs to women, shows NSO data

Commodity major Hindustan Zinc offer for sale gets bids for Rs 3,150 crore

Niti Aayog calls for guidelines, e-KYC to check PMMY applicants background

*Financial Express*

Kaynes buys land in Gujarat for chip unit

FDI in food processing industry falls 30% to Rs 5037 crore in 2023-24

Ambuja Cements completes acquisition of Penna Cement, PCIL now a subsidiary of company

REC incorporates Rajasthan Power Transmission Project as its new wholly owned subsidiary

1 in 5 under-construction homes stalled across 44 Indian cities in last 8 years: Report

*Mint*

Interarch Building Products IPO: Firm mobilises ₹179 cr from anchor investors

Smartworks Coworking Spaces files DRHP with SEBI to raise funds via IPO

India imports $2.8bn crude oil from Russia in July, almost 40% of oil purchases

India's share in US pharma market rises to 13.1 per cent, overtakes Switzerland

Ecom Express files draft papers for IPO with SEBI.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

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

*Fund Houses Recommendations* Macquarie on *JSW Steel:* Upgrade to Outperform on Company, raise target price at Rs 1077/Sh from Rs 884/Sh...