Finance News Headlines - 12th October 2023


Staff member
Today's Headlines from:

Economic Times

πŸ“ Vedanta forms base metals unit

πŸ“ Go First airline gets expression of interest from Jindal Power

πŸ“ US House Republicans nominate Steve Scalise to replace ousted speaker Kevin McCarthy

πŸ“ Formal job creation under EPFO dips 14.5% in April-July

πŸ“ Exxon Mobil to buy shale rival Pioneer for nearly $60 billion in stock

πŸ“ Bharti Group to buy out French partner AXA's stake in JV

πŸ“ TCS Q2 Results: PAT rises 9% YoY to Rs 11,342 cr; board approves Rs 17,000 crore share buyback

πŸ“ Maruti Suzuki India signs MoU with IDBI to provide dealer financing solutions

πŸ“ Cabinet approves royalty rates for lithium mining, niobium and rare earth elements

πŸ“ GMR lines up Rs 4,000-crore loan to build Vizag international airport

πŸ“ Jungle Ventures launches programme to invest $2 million or above in seed capital

πŸ“ InsuranceDekho bags $60 million, valuation hits $750 million

Business Standard

πŸ“ Meja Urja bets on UP's power demand, plans 5.6 Gw thermal capacity

πŸ“ Aster DM Healthcare's India unit draws suitors valuing business at $1.5 bn

πŸ“ Birla Carbon acquires Belgium based Nanocyl for undisclosed amount

πŸ“ China's CLSA ups India exposure on supportive macroeconomic outlook

πŸ“ Orkla announces restructuring of India operations into three business units

πŸ“ JP Morgan adds India to emerging market debt index; may boost for G-secs

πŸ“ Centre set to restrict sugar exports after poor monsoon rains: Report

πŸ“ India's debt to GDP ratio to peak at 82.3% in FY25, fall in FY29, says IMF

πŸ“ Sebi extends time for investment advisers to comply with qualification rule

πŸ“ Number of MF investors crosses 40 million, SIP flows scale a new high

πŸ“ Banks raise Certificate of deposit by 20 bps in Oct to cater credit demand

Financial Express

πŸ“ Fiber cable quality standards in work for telcos, ISPs

πŸ“ L&T Hydrocarbon Business wins mega order for gas compression plants in Middle East

πŸ“ Govt tightens PLI rules for white goods

πŸ“ PayMate plans IPO in 6-9 months


πŸ“ Urban Co forays into consumer appliances

πŸ“ Adani refinances $3.7 bn loan in Ambuja, ACC deal

πŸ“ Brent slips to $85/bbl even after Saudi's pledge to stabilise markets

πŸ“ NASA set to unveil first pictures of Bennu asteroid sample

πŸ“ RBI allows SBI MF to acquire 9.99% paid-up share capital in IndusInd Bank

πŸ“ India to become $30 trillion economy by 2050 with per capita income of $21,000

πŸ“ Delta Corp net profit up 1.6% YoY to β‚Ή69.4 crore profit in Q2 FY24

πŸ“ NCLT admits insolvency plea against textile company Shrivallabh Pittie

πŸ“ India September oil product demand up 1.5% sequentially: Report

πŸ“ IMD warns of more rain in Lachen, Lachung in Sikkim until Sunday.