Daily bulletin
“Success is not How high you have climbed but How you make a positive difference to the world.”
Happy Weekend & Good Morning to you ji ๐๐
Today's Headlines from :
*Economic Times*
๐ Mask up, say doctors as Covid-19 cases show a rise
๐ Fairfax Financial pares 5.7% stake in IIFL Finance worth Rs 1,198 cr
๐ Ola Electric files draft papers with SEBI to raise Rs 5,500 cr via IPO
๐ Centre transfers additional Rs 72,961 crore to states above budgeted tax devolution
๐ India's forex reserves jump $9.11 bn to $615.97 bn for the week ending December 15
๐ Domestic jewellery consumption likely to grow 10-12% in FY24: ICRA
๐ India exports 43 per cent more diesel in November
๐ NTPC Renewable Energy wins bid for 900 MW solar projects
๐ Bharat Electronics Ltd bags orders worth Rs 2,673 crore from two firms
๐ Lupin to acquire established products in Europe, Canada from Sanofi for Rs 91 cr
๐ Cloud kitchen service provider Kitchens@ raises Rs 540 crore in funding
๐ Agritech startup Fasal raises $12 million in funding led by TDK Ventures, British International Investment
*Business Standard*
๐ Sebi proposes implementation of T+0 settlement cycle in two phases
๐ Tesla buys land for Shanghai battery factory, to make 10K units anually
๐ OneWeb sets sights on defence, governance for satellite broadband expansion
๐ NPS adoption dips to 4 month low in October amid corporate slowdown: NSO
๐ Banks bid 2.5 times at Rs 4.75 trn against notified amount at VRR auction
๐ Credit card spending take 10% dip in Nov as festive season comes to end
๐ EV sales likely to reach 10 mn annually by 2030, create 50 mn jobs: Gadkari
*Financial Express*
๐ Better profitability to support corporate rating headroom: Fitch
๐ Geological Survey of India plans to install AI for use in mineral exploration
๐ Ramkrishna Forgings secures NCLT approval for acquisition of ACIL Ltd
๐ Organised F&G retailers to log revenue growth of 14-15% in fiscal 2025, says CRISIL Ratings
๐ PSP Projects bags Rs 159 crore order in Gujarat
๐ Govt extends zero import duty, agri-cess exemption on masur till March 2025
๐ Awfis Space Solutions files IPO papers with Sebi
๐ Rupee rises 12 paise to settle at 83.15 against US dollar
*Mint*
๐ NFRA flags gaps in statutory audits done by top audit firms
๐ Finmin shrugs off IMF’s debt concern
๐ FPIs’ monthly investments hit 3-yr high in Dec
๐ Swan Energy plans ₹300 cr debt prepayment for Jafarabad FSRU project
๐ JN.1 Covid variant vaccine: Serum Institute to apply for licence
๐ Banks’ deposit growth at 13%, lowers gap with credit growth: Jefferies
๐ Commercial LPG price cut by up to ₹39.5 per cylinder
๐ General Atlantic to acquire a majority stake in Amar Ujala's healthcare chain
๐ Pakistan: 4.4 magnitude earthquake shakes Islamabad, Rawalpindi.
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