Finance News Headlines - 20th October 2023


Staff member
Today's Headlines from:

Economic Times

πŸ“ ITC Q2 Results: Profit rises 10% YoY to Rs 4,927 crore, beats estimates

πŸ“ Strong economy may still require rate increases: Fed Chair Jerome Powell

πŸ“ SoftBank to offload 1.1% stake in Zomato worth Rs 1,024 crore via bulk deal: Report

πŸ“ HUL Q2 profit rises 4% to Rs 2,717 crore; dividend @ Rs 18/share

πŸ“ South Indian Bank Q2 Results: Net profit rises 23% YoY to Rs 275 crore

πŸ“ BCIC signs up with Japan's SME organisation to step up manufacturing share to India's GDP

πŸ“ Tata Group considers topping up another $1 billion for super-app arm

πŸ“ Nestle India net rises 37 per cent, sales surge past Rs 5,000 crore

πŸ“ AI startup Imbue gets $12 million in follow-on funding

πŸ“ Overseas remittance fintech HiWi raises Rs 7.5 crore funding from Unicorn India Ventures, others

πŸ“ Agri-inputs ecommerce startup BharatAgri raises $4 million in funding round led by Arkam Ventures

Business Standard

πŸ“ PVR Inox Q2FY24 result: Profit at Rs 166 cr; revenue rises to Rs 1,999 cr

πŸ“ UltraTech Q2FY24 results: Net profit up 69% to Rs 1,281 cr, beats estimates

πŸ“ Hindujas tap private credit, foreign banks for Reliance Capital buy

πŸ“ Tata Motors to acquire 26.79% stake in Freight Tiger for Rs 150 crore

πŸ“ Rebel Foods' EatSure partners with railways to provide food on trains

πŸ“ India needs its own P&I entity for maritime, says FM Nirmala Sitharaman

πŸ“ Reserve Bank of India net sells $3.9 billion foreign currency in August

Financial Express

πŸ“ IBBI to float discussion papers on CIRP, corporate liquidation soon

πŸ“ NLC charts out Rs 83,000-cr capex plan

πŸ“ Cyient Q2 profit jumps 132.1% at Rs 183.60 crore, revenue up 27.4% on-year

πŸ“ Coforge posts Q2 profit at Rs 181.30 crore, revenue up 15.7% at Rs 2267.20 crore

πŸ“ IndusInd Bank Q2 profit up 22 per cent to Rs 2,202 crore

πŸ“ India-China to contribute half of world’s growth in 2023, 2024: IMF

πŸ“ Rupee rises 5 paise to close at 83.23 against US dollar

πŸ“ Blue Jet Healthcare eyes Rs 840 cr via IPO; sets price band at Rs 329-346 per share


πŸ“ Microsoft India revenue rises 39% in FY23 on services boost

πŸ“ PE firm Faering Capital invests $30 mn in Vastu Housing Finance

πŸ“ Northern Arc picks ICICI Securities to manage β‚Ή2K cr IPO

πŸ“ Equitas SFB Q2 Results: Net profit up 70% to β‚Ή198 crore, NIIs up 25% YoY

πŸ“ Govt puts in place online authorisation system for laptop imports

πŸ“ Uttarakhand got investments worth over β‚Ή54,000 cr since Sept

πŸ“ Godrej Capital aims for β‚Ή50,000 crore AUM by 2028.