Today's Headlines from :Dt 3/07/21
*Economic Times*
π Reliance Jio deal can earn Google Cloud $1 billion in revenue
π Bank credit grows 5.82%; deposits by 10.32%
π Monsoon session of Parliament from July 19 to Aug 13
π Govt imposes stock limits on pulses till Oct to check price rise
π Sweden's MTG acquires Indian games developer PlaySimple for $360 million
π IndoStar Capital infuses Rs 250 cr in home finance arm
π HDFC earns Rs 263 cr profit on sale of investments in June quarter
π Ant-backed Kakao Pay expects IPO to raise up to $1.4 bn
π Q1 product exports record high, aim $1.5 trln goods, svs exports in 5 yrs: Piyush Goyal
π Edelweiss Financial Services to sell its 70 pc stake in insurance broking JV for Rs 307.60 cr
π Licious raises $192 million led by Temasek, Multiples
π Online used cars marketplace Cars24 nears $250 million deal with DST
*Business Standard*
π Centre includes retail and wholesale under MSMEs, to benefit 25 mn traders
π NPPA allows 50% price hike for ibuprofen, ranitidine, carbamazepine
π Electric scooter-maker Ather Energy takes on Ola, expanding its Hosur plant
π WinZO raises $65 mn in Series C round, led by Griffin Gaming Partners
π Power generator NTPC plans IPO for Rs 2.5 trn expansion of renewables biz
π Govt unveils plans for freight smart cities to reduce logistics cost
π Reserve Bank of India imposes Rs 25 lakh penalty on Punjab & Sind Bank
π Toll collection in June rises to Rs 2,576 crore as states ease curbs: NHAI
π RBI tweaks norms for interest on unclaimed amount after deposit matures
π Canara Bank to raise Rs 3,400 cr in capital via Additional Tier-I bonds
π Sebi defers diktat requiring foreign investors to disclose KYC details
π In talks for fund raise; floor price 'best' fix for pricing issues: VIL
*Financial Express*
π With USD 200 million fresh funding, Digit Insurance value soars to USD 3.5 billion in 1 year
π Govt to come out with certain clarifications on FDI in e-commerce sector shortly: Piyush Goyal
π India Inc foreign borrowings plunge by 51pc to $738 million in May
π Collection efficiency of NBFCs retail pool down by 10-35 pc in May vs March: Icra
π Revenue growth of drug firms in current fiscal to be in the range of 7-9 pc: Icra
π Airtel brings new programme to bundle 2 or more services with perks; focus on lifting ARPU
π PHDCCI recommends measures to promote growth of pet food industry
π Coal India offtake grows 33% despite unsteady power sector demand
π Forex reserves rise by USD 5 bn to lifetime high of USD 609 bn
π India starts probe into alleged dumping of electrogalvanized steel from Korea, Japan, Singapore
*Mint*
π Marico domestic biz grows over 30% in Q1, sees double-digit volume growth
π AIFs mobilized commitments worth ₹82,228 cr in covid year
π Tata Steel transfers stake in HSMS, TSAML to subsidiary cos
π Zomato gets Sebi nod for ₹8,250-cr share sale
π Savings under Sukanya Samriddhi Yojana stood at ₹1.05 lakh crore at May end
π Kuwait’s life-after-oil fund swells to a record $700 billion
π Ten European countries agree to allow Indians vaccinated with Covishield: Govt
π US job growth picks up in June; unemployment rate rises to 5.9%
π LIC Housing Finance reduces home loan rates for select borrowers
π Piramal Capital & Housing to launch NCD issue offering up to 8.99% interest
π India joins global consensus framework to tax multinational firms
π Credit Suisse to repay further $750 mln to Greensill-linked fund investors.
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