Business Standard - July 07, 2023

In this issue

July 07, 2023

Ways to deal with credit mismatch on Council agenda

Cases to be scrutinised if tax credit mismatch is over 20%

3 mins

Adani Green to raise ₹12.3K cr to repay debt, boost capex

The board of Adani Green Energy (AGEL) on Thursday cleared plans to raise up to ₹12,300 crore by way of qualified institutional placements (QIPs) of shares or any other share-sale instrument.

1 min

No urban-rural divide in FMCG sales slump in Q1

Overall sales declined 4.6%; unseasonal rains play spoilsport

1 min

Google's latest: CCI backed Amazon in Android probe

Moves SC, alleging the tribunal ignored relevant evidence

2 mins

Byju's to now constitute board advisory committee

CFO says audit of Aakash, White Hat Jr, and Think & Learn currently underway

2 mins

Blackstone top bidder for ESR, Allianz platform

Eyes 90% stake for about ₹2,000 cr

2 mins

Biocon Biologics eyes third of FY24 revenue from emerging markets

Biocon Biologics (BBL), a subsidiary of Biocon Ltd, is expecting a third of its revenues from emerging markets (EM) in FY24, a senior executive said, a day after the firm completed the integration of the acquired biosimilars business from Viatris in over 70 countries. In 2022-23, BBL had posted a revenue of ₹5,584 crore.

1 min

Poised for more durable growth than ever: FinMin

Annual Economic Review 2022-23 warns of geopolitical stress, El Niño fears

2 mins

Leading players surrender commercial coal blocks

Leading players in the Centre's commercial coal auction are surrendering their mines to the government. Business Standard has learnt that Essel Mining & Industries Limited (EMIL), Adani Enterprises (AEL), and JSW Steel are looking to surrender their mines. Of these, AEL and EMIL have already notified the government.

2 mins

Centre asks PSBS to be wary of competition in deposits segment

Directive comes after the recent merger of HDFC Ltd with HDFC Bank

2 mins

Securitisation volumes surge 60% YOY at ₹53K cr in Q1

Securitisation volumes surged by more than 60 per cent year-on-year to touch ₹53,000 crore in the first quarter ending June 2023, fuelled by high credit growth and favourable macroeconomic conditions, according to rating agency ICRA.

1 min

PM's France visit: Closer ties on space, defence

France may play a bigger part in India's planned human spaceflight mission

2 mins

Wagner chief still in Russia, says Belarus President

Nato says alliance watching Wagner members in Belarus

1 min

Regulator mulls 10% of trades via RFQ route

The Securities and Exchange Board of India (Sebi) has proposed that at least 10 per cent of corporate bond market trades by foreign portfolio investors (FPIs) should be done on the request for quote (RFQ) platform.

1 min

US stocks slide as traders bet on more hikes by Fed

Wall Street tumbled on Thursday as data signaling a resilient labour market and hawkish minutes of the Federal Reserve's June meeting fanned fears the central bank could keep interest rates higher for longer.

1 min

Nifty50 rally enters Day 8

The benchmark Nifty50 on Thursday gained for an eighth consecutive trading session.

1 min

Pharma stocks in pink of health on price erosion

Firms with major exposure to US have outperformed, hitting 52-week highs

3 mins

Premium bike race shifts into top gear

Harley-Hero & Triumph-Bajaj launch affordable top-end models that could shake up Royal Enfield's dominance in the 350-500cc segment

3 mins

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