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Saturday, October 09, 2021

Banking and Financial News Update for October 8, 2021

 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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