Today's Headlines from :
Economic Times
Irdai proposes limit on surrender charges for non-linked plans
Two promoter entities sell 10.2% stake in Fusion MicroFinance for Rs 572 crore
India Shelter Finance IPO booked 4.34 times on Day 2; GMP rises sharply
HDFC Bank in talks for infra bond sale worth Rs 10,000 crore
S&P Global Ratings downgrades Vedanta Resources amid bond maturity extension
NCAER pegs India’s logistics cost between 7.8-8.9% of GDP in FY22
Net direct tax collection at Rs 10.64 lakh cr in Apr-Nov; 58.34 pc of BE
Capex on National Highways increased from Rs 51,000 cr in FY14 to Rs 2,40,000 cr in FY23, Parliament told
Interest rate maintained by the Bank of England at 5.25% for the third time
Essar to invest $6.6 billion in power, port projects in Gujarat
PlasmaGen Biosciences raises Rs 225 crore in equity funding
Exponent Energy raises $26 million in funding led by Eight Roads Ventures
Business Standard
$340 million fundraise by Udaan signals pick-up in startup dealmaking
Adani Group to make additional investment of Rs 8,700 crore in Bihar
Tata Capital eyes fashion brand Rare Rabbit at $300 mn valuation: Reports
Infibeam Avenues picks up 49% stake in Ahmedabad-based Pirimid Fintech
Pawan Munjal-backed Exponent raises $26.4 million in Series B round
WPI turns positive after 8 months in November as food, mineral prices jump
Reserve Bank of India to conduct 7-day variable rate repo auction on Friday
Critical mineral imports rise as shift towards green energy catches pace
Financial Express
QuadGen inks deal with Vietnam’s Viettel to manufacture 5G equipment
Coal-based power to reduce to 23% by 2030: Minister
Shree Cement commissions high capacity kiln for Rs 3500 crore Rajasthan plant
India’s e-retail market expected to reach over $160 billion by 2028 from $57–$60 billion in 2023
HPL Electric bags smart meter order worth Rs 545 crore from various customers
Centre’s dividends from CPSEs cross 90% of annual target
Market capitalisation of BSE-listed firms jumps to record high of Rs 355 lakh crore; investors richer by Rs 3.83 lakh crore
INOX India IPO subscribed 2.78 times on first day of offer
Mint
ONGC launches Shared Finance Services to centralize vendor payments
Unilever in advanced talks to sell Elida Beauty to Yellow Wood: Report
Kia guns for 17% of India’s EV car market
GeM portal set to break records with ₹3.5 trillion procurement in FY24
Hero MotoCorp to buy additional 3% stake in Ather Energy for up to ₹140 crore
Rupee ends 7 paise higher at 83.33 against the US dollar on a dovish Fed
Ad spends to grow 11.8% in 2023 to reach ₹1.09 trillion
Azad Engineering gets Sebi nod for its ₹740 crore IPO
India considering ₹10,000 crore revised scheme for chip component manufacture
Indian space startups got ₹1,000 cr private investment since April: Report.
Economic Times
Irdai proposes limit on surrender charges for non-linked plans Two promoter entities sell 10.2% stake in Fusion MicroFinance for Rs 572 crore India Shelter Finance IPO booked 4.34 times on Day 2; GMP rises sharply HDFC Bank in talks for infra bond sale worth Rs 10,000 crore S&P Global Ratings downgrades Vedanta Resources amid bond maturity extension NCAER pegs India’s logistics cost between 7.8-8.9% of GDP in FY22 Net direct tax collection at Rs 10.64 lakh cr in Apr-Nov; 58.34 pc of BE Capex on National Highways increased from Rs 51,000 cr in FY14 to Rs 2,40,000 cr in FY23, Parliament told Interest rate maintained by the Bank of England at 5.25% for the third time Essar to invest $6.6 billion in power, port projects in Gujarat PlasmaGen Biosciences raises Rs 225 crore in equity funding Exponent Energy raises $26 million in funding led by Eight Roads VenturesBusiness Standard
$340 million fundraise by Udaan signals pick-up in startup dealmaking Adani Group to make additional investment of Rs 8,700 crore in Bihar Tata Capital eyes fashion brand Rare Rabbit at $300 mn valuation: Reports Infibeam Avenues picks up 49% stake in Ahmedabad-based Pirimid Fintech Pawan Munjal-backed Exponent raises $26.4 million in Series B round WPI turns positive after 8 months in November as food, mineral prices jump Reserve Bank of India to conduct 7-day variable rate repo auction on Friday Critical mineral imports rise as shift towards green energy catches paceFinancial Express
QuadGen inks deal with Vietnam’s Viettel to manufacture 5G equipment Coal-based power to reduce to 23% by 2030: Minister Shree Cement commissions high capacity kiln for Rs 3500 crore Rajasthan plant India’s e-retail market expected to reach over $160 billion by 2028 from $57–$60 billion in 2023 HPL Electric bags smart meter order worth Rs 545 crore from various customers Centre’s dividends from CPSEs cross 90% of annual target Market capitalisation of BSE-listed firms jumps to record high of Rs 355 lakh crore; investors richer by Rs 3.83 lakh crore INOX India IPO subscribed 2.78 times on first day of offerMint
ONGC launches Shared Finance Services to centralize vendor payments Unilever in advanced talks to sell Elida Beauty to Yellow Wood: Report Kia guns for 17% of India’s EV car market GeM portal set to break records with ₹3.5 trillion procurement in FY24 Hero MotoCorp to buy additional 3% stake in Ather Energy for up to ₹140 crore Rupee ends 7 paise higher at 83.33 against the US dollar on a dovish Fed Ad spends to grow 11.8% in 2023 to reach ₹1.09 trillion Azad Engineering gets Sebi nod for its ₹740 crore IPO India considering ₹10,000 crore revised scheme for chip component manufacture Indian space startups got ₹1,000 cr private investment since April: Report.