Today's Headlines from:
Economic Times
FinMin sees bright FY24, backed by robust indicators
CBDT extends date for domestic cos to gain 22% tax benefit under form 10-IC
Shriram Finance's syndicated loan trebles to $400 million
Mahindra Holidays & Resorts Q2: Consolidated PAT almost halves to Rs 21.4 cr
Jaipur-based Motisons Jewellers raises Rs 33 cr in pre-IPO round
RBI likely to have rolled over a part of $5-billion forex swap to boost liquidity
Meta India's gross ad revenue swells 13% to ₹18.3k cr in FY23
LLM deployment platform Giga ML raises $3.6 million from Nexus Venture Partners, others
GenAI claims lion’s share of global AI startup funding
Business Standard
E-commerce firm Flipkart loss widens 45% to Rs 4,891 crore in FY23
Reliance nears multibillion-dollar deal to buy Disney's India operations
Tata Motors sets up 2 R&D facilities on H2 fuel tech, including ICE
SECL leads Coal India subsidiaries in cleanliness and scrap disposal
PNB Housing Finance Q2 results: Net profit rises 45.8% to Rs 383 crore
Torrent Pharma Q2 results: Profit after tax up 24% to Rs 386 crore
10% fewer fresh formal jobs created in April-August, shows EPFO data
Rupee stable, forward premia dip on RBI's likely $5 billion forex rollover
Airlines to operate 8.16% more flights this winter, shows DGCA data
Chevron to buy Hess for $53 bn as biggest US oil firms get even bigger
Financial Express
IIFL plans to increase co-lending book to Rs 15,000 crore by March
Retail loans to form over 90% of L&T Finance’s books by FY24
Size of India’s textile industry to double by 2030: Report
NCLAT dismisses plea to initiate insolvency proceedings against Inox Wind
Loreal’s India business almost touched Rs 5,000 crore in FY23, with profit up 16.8 pc to Rs 488.3 crore
ONGC wins bid to acquire PTC’s wind power unit for Rs 925 crore
Dubai based Olive Gaea raises $1 million to drive automated climate solutions
LNG import bill down 30% in H1, though volume rises 10%
India’s mineral production rises 12.3% in August
Rupee falls 6 paise to 83.18 against USD amid strengthening US bond yields
Mint
Tech Mahindra to sell its 30% stake in Avion Networks for $50,000
Paytm founder floats ₹30 cr fund for AI, EV startups
Members-only hotels group Karma to invest $100 million
Income Tax department gives businesses more time to claim lower rate for FY21
NDTV Q2 Results: Net profit drops 51% to ₹6 crore on lower advertising spends
Domestic crude oil output at 2.4 MMT in September, imports rise 6.1% YoY: PPAC
Fintech lender RING's FY23 revenue jumps 100%, profit at ₹95.5 crore
Cello World increases IPO size to ₹1,900 crore; issue to open on 30 October.
Economic Times
FinMin sees bright FY24, backed by robust indicators CBDT extends date for domestic cos to gain 22% tax benefit under form 10-IC Shriram Finance's syndicated loan trebles to $400 million Mahindra Holidays & Resorts Q2: Consolidated PAT almost halves to Rs 21.4 cr Jaipur-based Motisons Jewellers raises Rs 33 cr in pre-IPO round RBI likely to have rolled over a part of $5-billion forex swap to boost liquidity Meta India's gross ad revenue swells 13% to ₹18.3k cr in FY23 LLM deployment platform Giga ML raises $3.6 million from Nexus Venture Partners, others GenAI claims lion’s share of global AI startup fundingBusiness Standard
E-commerce firm Flipkart loss widens 45% to Rs 4,891 crore in FY23 Reliance nears multibillion-dollar deal to buy Disney's India operations Tata Motors sets up 2 R&D facilities on H2 fuel tech, including ICE SECL leads Coal India subsidiaries in cleanliness and scrap disposal PNB Housing Finance Q2 results: Net profit rises 45.8% to Rs 383 crore Torrent Pharma Q2 results: Profit after tax up 24% to Rs 386 crore 10% fewer fresh formal jobs created in April-August, shows EPFO data Rupee stable, forward premia dip on RBI's likely $5 billion forex rollover Airlines to operate 8.16% more flights this winter, shows DGCA data Chevron to buy Hess for $53 bn as biggest US oil firms get even biggerFinancial Express
IIFL plans to increase co-lending book to Rs 15,000 crore by March Retail loans to form over 90% of L&T Finance’s books by FY24 Size of India’s textile industry to double by 2030: Report NCLAT dismisses plea to initiate insolvency proceedings against Inox Wind Loreal’s India business almost touched Rs 5,000 crore in FY23, with profit up 16.8 pc to Rs 488.3 crore ONGC wins bid to acquire PTC’s wind power unit for Rs 925 crore Dubai based Olive Gaea raises $1 million to drive automated climate solutions LNG import bill down 30% in H1, though volume rises 10% India’s mineral production rises 12.3% in August Rupee falls 6 paise to 83.18 against USD amid strengthening US bond yieldsMint
Tech Mahindra to sell its 30% stake in Avion Networks for $50,000 Paytm founder floats ₹30 cr fund for AI, EV startups Members-only hotels group Karma to invest $100 million Income Tax department gives businesses more time to claim lower rate for FY21 NDTV Q2 Results: Net profit drops 51% to ₹6 crore on lower advertising spends Domestic crude oil output at 2.4 MMT in September, imports rise 6.1% YoY: PPAC Fintech lender RING's FY23 revenue jumps 100%, profit at ₹95.5 crore Cello World increases IPO size to ₹1,900 crore; issue to open on 30 October.