Finance News Headlines - 24th October 2023


Staff member
Today's Headlines from:

Economic Times

πŸ“ FinMin sees bright FY24, backed by robust indicators

πŸ“ CBDT extends date for domestic cos to gain 22% tax benefit under form 10-IC

πŸ“ Shriram Finance's syndicated loan trebles to $400 million

πŸ“ Mahindra Holidays & Resorts Q2: Consolidated PAT almost halves to Rs 21.4 cr

πŸ“ Jaipur-based Motisons Jewellers raises Rs 33 cr in pre-IPO round

πŸ“ RBI likely to have rolled over a part of $5-billion forex swap to boost liquidity

πŸ“ Meta India's gross ad revenue swells 13% to β‚Ή18.3k cr in FY23

πŸ“ LLM deployment platform Giga ML raises $3.6 million from Nexus Venture Partners, others

πŸ“ GenAI claims lion’s share of global AI startup funding

Business Standard

πŸ“ E-commerce firm Flipkart loss widens 45% to Rs 4,891 crore in FY23

πŸ“ Reliance nears multibillion-dollar deal to buy Disney's India operations

πŸ“ Tata Motors sets up 2 R&D facilities on H2 fuel tech, including ICE

πŸ“ SECL leads Coal India subsidiaries in cleanliness and scrap disposal

πŸ“ PNB Housing Finance Q2 results: Net profit rises 45.8% to Rs 383 crore

πŸ“ Torrent Pharma Q2 results: Profit after tax up 24% to Rs 386 crore

πŸ“ 10% fewer fresh formal jobs created in April-August, shows EPFO data

πŸ“ Rupee stable, forward premia dip on RBI's likely $5 billion forex rollover

πŸ“ Airlines to operate 8.16% more flights this winter, shows DGCA data

πŸ“ Chevron to buy Hess for $53 bn as biggest US oil firms get even bigger

Financial Express

πŸ“ IIFL plans to increase co-lending book to Rs 15,000 crore by March

πŸ“ Retail loans to form over 90% of L&T Finance’s books by FY24

πŸ“ Size of India’s textile industry to double by 2030: Report

πŸ“ NCLAT dismisses plea to initiate insolvency proceedings against Inox Wind

πŸ“ Loreal’s India business almost touched Rs 5,000 crore in FY23, with profit up 16.8 pc to Rs 488.3 crore

πŸ“ ONGC wins bid to acquire PTC’s wind power unit for Rs 925 crore

πŸ“ Dubai based Olive Gaea raises $1 million to drive automated climate solutions

πŸ“ LNG import bill down 30% in H1, though volume rises 10%

πŸ“ India’s mineral production rises 12.3% in August

πŸ“ Rupee falls 6 paise to 83.18 against USD amid strengthening US bond yields


πŸ“ Tech Mahindra to sell its 30% stake in Avion Networks for $50,000

πŸ“ Paytm founder floats β‚Ή30 cr fund for AI, EV startups

πŸ“ Members-only hotels group Karma to invest $100 million

πŸ“ Income Tax department gives businesses more time to claim lower rate for FY21

πŸ“ NDTV Q2 Results: Net profit drops 51% to β‚Ή6 crore on lower advertising spends

πŸ“ Domestic crude oil output at 2.4 MMT in September, imports rise 6.1% YoY: PPAC

πŸ“ Fintech lender RING's FY23 revenue jumps 100%, profit at β‚Ή95.5 crore

πŸ“ Cello World increases IPO size to β‚Ή1,900 crore; issue to open on 30 October.