Finance News Headlines - 19th October 2023


Staff member
Today's Headlines from:

Economic Times

πŸ“ NIIF looks to sell over $1 billion worth of maiden roads portfolio

πŸ“ Wipro suffers revenue drop in Q2, profit flat at Rs 2,667 crore

πŸ“ IIFL Finance net profit jumps 32 pc to Rs 526 cr

πŸ“ Govt revises down 2022-23 wheat output by 2.19 mn ton to record 110.55 mn ton in final estimate

πŸ“ DGGI detects Rs 1.36 lk cr tax evasion in H1 of FY24

πŸ“ GPT Infraprojects bags Rs 739-cr order from NHAI

πŸ“ Indian Air Force successfully tests BrahMos Supersonic cruise missile

πŸ“ Qatar signs 27-year gas deal with Britain's Shell

πŸ“ China's Q3 GDP grows 4.9% y/y, above market forecast

πŸ“ REC along with Bank of India to co-finance projects worth Rs 30,000 crore in next 5 years

πŸ“ Brigade acquires Hyderabad land parcel for Rs 660 crore

πŸ“ Asset management firm Neo raises $35 million from Peak XV Partners

πŸ“ Device intelligence platform Fingerprint raises $33 million from Nexus Venture Partners, others

πŸ“ Fixed asset investment platform Tap Invest secures $2 million funding

Business Standard

πŸ“ India, UK free trade deal unlikely to finalise by month end: Report

πŸ“ DAEWOO plans India comeback in new avatar, to launch electric bikes, cycles

πŸ“ Bandhan Bank Q2 results: Net profit rises to Rs 721cr on loan portfolio

πŸ“ UTI AMC Q2 results: PAT declines 8% to Rs 183 crore, revenue falls 7%

πŸ“ LTIMindtree Q2FY24 results: Net profit at Rs 1,162 cr YoY; revenue up 8%

πŸ“ IBM, MeitY join hands to boost AI, quantum and semiconductors in India

πŸ“ Black Box targets $1 bn revenue by next fiscal, buoyed by rising demand

πŸ“ Diagnostic services firm Manipal HealthMap acquires Medcis Pathlabs

πŸ“ GDP to grow at 6.5-6.8% in FY24; festive, govt spends key drivers: Deloitte

πŸ“ Govt identifies 300 initiatives for expansion targets under Maritime Vision

πŸ“ Union Cabinet hikes dearness allowance, approves PLB for rail staff

πŸ“ Non-life insurance industry projected to grow by 14 to 15% CAGR by FY37

πŸ“ IRM Energy IPO subscribed 1.71 times on first day of subscription

πŸ“ Auto deals jump 858% in Q2FY24 on back of 16 deals worth $939 million

Financial Express

πŸ“ NeoLiv eyes 12 realty development projects in NCR, MMR; to raise $150mn

πŸ“ India’s Persistent Systems beats Q2 revenue estimate on strong order book

πŸ“ Himadri Speciality Q2 PAT grows three-fold to Rs 100 cr

πŸ“ Cabinet clears sharp hikes in MSP for wheat, pulses

πŸ“ State govt capital spending to expand by 29% in FY24, supported by loans from Govt of India, says ICRA

πŸ“ Rupee falls 2 paise to close at 83.27 against US dollar

πŸ“ boAt adds over 9.5 lakh ESOPs worth $9mn


πŸ“ Serentica Renewables to raise β‚Ή5,000 cr debt

πŸ“ Astrotalk taps PE funds to raise $40 million in pre-IPO round

πŸ“ BoB suspends staff after lapses in customer onboarding via app

πŸ“ New Air India Express eyes 170 planes in 5 years

πŸ“ Cabinet approves β‚Ή20,773.70 crore for 13 GW Green Energy Corridor project in Ladakh

πŸ“ Titagarh Rail Systems Q2 Results: Net profit rises 46.4% to β‚Ή70.5 crore

πŸ“ Bajaj Auto posts 5% rise in Q2 revenue at β‚Ή10,777.27 crore

πŸ“ IndusInd Bank posts 22% rise in Q2 profit on higher income, lower provisions

πŸ“ Nvidia, Foxconn to Develop New Class of Data Centers Focused on AI.