Banking and Financial News Updates
*Economic Times*
📝 States to offer up to 25% road tax concession for vehicles purchased after scrapping old ones
📝 Srei Group Promoters move Bombay HC against RBI insolvency action
📝 Rakesh Jhunjhunwala-backed Nazara Tech raises fresh capital
📝 Macrotech Developers Q2 sales bookings jump 88% to Rs 2,003 cr
📝 Inox Wind board okays issuance of preference shares worth Rs 1,100 cr to promoters
📝 US oil rises to highest since 2014 amid global energy crunch
📝 Bank credit grows by 6.67 pc; deposits by 9.34 pc
📝 Cabinet approves Rs 4,445 cr to create seven PM MITRA textile parks
📝 Greaves Cotton, eWheelers set up multi-brand EV chains
📝 Tata Steel's output grows 7% in July-September
📝 Govt reduces bank guarantees, allows 100% FDI under automatic route for telcos
📝 Bootstrapped Ozonetel Communications gets first funding in 14 years
📝 kWh Bikes raises $2 million in seed funding from LetsVenture, others
*Business Standard*
📝 Centre to revise coal stock norms to avert future crisis
📝 Air India seeks transaction advisors for selling PF trusts securities
📝 US-based Poshmark enters India's booming circular fashion industry
📝 Indian Oil in talks with state transport undertakings for hydrogen projects
📝 Moody's raises rating outlook to stable for 18 Indian companies, banks
📝 Good Glamm Group acquires D2C brand The Moms Co for around Rs 500 cr
📝 TCS' long-standing partnership with SBI extended for another 5 years
📝 Affordable housing loan defaults surge to 7.2%, says rating agency Icra
📝 Sebi asks MFs to direct more trades towards RFQ platform on exchanges
📝 Cabinet approves bonus equal to 78 days' wage for 1.1 mn railway employees
📝 Domestic LPG cylinder price hiked by Rs 15, now costs Rs 899.50 in Delhi
📝 IMF sees inflation subsiding in 2022, supply risks may keep it elevated
*Financial Express*
📝 Udyam portal completes 5 million registrations: MSME Secy
📝 Jio, Bharti may see 5-7% sequential revenue rise, steady margin in Q2: Jefferies
📝 Peak power demand in Delhi inches past that of 2019 and 2020
📝 Treasury Bill cut-off yield rises on expectation of reverse repo hike
📝 Attero Recycling plans public listing in 3 yrs, to double capacity by 2022
📝 Sebi tweaks trading norms for mutual funds on RFQ platform
📝 India’s Covid-19 vaccine tally set to cross 100-crore mark as Serum keeps supplies going
*Mint*
📝 Hindustan Zinc charts $1 bn plan to turn green
📝 AC maker EPACK to raise ₹160 crore from ICICI Ventures
📝 Search for CXO level roles in India grows 80-100% during Sept quarter: Report
📝 US private payrolls pick up in September: ADP report
📝 Karur Vysya Bank revises MCLR rates with effect from 7 Oct
📝 Air passenger traffic rises to 6.9 mn in Sep
📝 Equity management platform Qapita raises $15 million in Series A round
📝 LOGOS leases 300,000 sq ft Haryana warehousing space to French firm Geodis
📝 IDBI Bank launches festive offers on home, auto, education loans
📝 IMD predicts fair weather condition this week as Southwest Monsoon retreats
📝 BharatPe forays into Buy Now Pay Later segment with launch of postpe
📝 Tata Power, BluWave-ai join hands for AI automation of real-time electricity ops
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