Finance News Headlines - 17th August 2024

nikhilchauhan

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Staff member
News Headline from Leading Financial News Papers

• Interarch Building Products mobilises Rs 179.5 crore via anchor book, IPO opens on August 19

• FIIs net buy shares worth Rs 767 crore, DIIs net buy shares worth Rs 2,606 crore

• EV projects of global OEMs cut, R&D spend decelerated in H1: Kotak note

• Govt reduces windfall tax on crude oil to Rs 2,100 per tonne, effective 17 August

• Warburg Pincus acquires majority stake in furniture fitting manufacturer Ebco

• Bajaj Housing Finance targets valuation of Rs 56k cr-Rs 59k cr for IPO; may trim issue size and launch in September

• Electronic Mart stock soars after Rs 712.60 cr worth equity changes hands in block deal

• Morgan Stanley remains bullish on Zomato; says market leadership crucial for food aggregator

• Vedanta-backed Sterlite Tech's shares fall 1.5% days after US court slaps $96-mn penalty in trade secrets case

• IRCTC: 500% jump in food complaints at Indian Railways, but only three contracts cancelled

• Ashok Leyland sees high enquiry from fleet operators amid consolidation

• Ipca launches new topical therapy against diabetic foot ulcer

• Nestle, PepsiCo in talks with Godrej Agrovet to buy palm oil

• Snapping business with SBI, PNB: Karnataka pauses its circular for 15 days after two banks pledge to resolve issue

• Escorts Kubota eyes land in UP for Rs 4500 cr manufacturing facility after pivot from Rajasthan

• India's forex reserves drop $4.8 bn from an all-time high, settling at $670.12 bn as of Aug 9

• India extends export curbs on deoiled rice bran until end-January

•India's unemployment rate shows a marginal decline, falls from 6.7% to 6.6% QoQ

• SoftBank is picking stock winners in India’s red-hot IPO market

• Telcos go slow on content spends; investment towards buying content falls 12% in FY24

• Golden Growth Fund to raise Rs 400 cr to buy land in South Delhi

• Pharma Department discusses 'dumping' with glovemakers

• Shipping ministry offers to build Port in Andhra Pradesh alongside planned refinery

• Electrolyser Scheme: Adani, Avaada, and Waaree among 13 winners of green hydrogen incentive boost

• Foxconn meets Karnataka govt for potential investment talks while it builds large iPhone assembly plant

•Madhabi Puri Buch earned revenue in potential rules violation, documents show

• RIL, Infosys among 6 stocks owned by over 500 MFs

• JSW Cement files draft papers for Rs 4,000 crore IPO

• Gold price up Rs 1,200/10g, silver dearer by Rs 2,500/kg

• Sebi to ease compliance for non-convertible securities

• FII money crucial for Indian markets: Samir Arora

• Vedanta to use over-subscription in HZL OFS

• Boeing's turnaround flight may land in India for R&D

• It's coffee as usual for Tata Starbucks. Global brew won't shake India market

• Centre launches Rs 1,000 crore Green Tug Transition Programme
 
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