Today's Headlines from:
Economic Times
Jaypee Group taps global credit funds for Rs 10k crore to bail out flagship firm
RailTel Q1 Results: PAT jumps 27% YoY to Rs 49 crore, revenue rises 19%
ITC reports flat profit growth for Q1, misses estimates; revenue up 7.2%
Ola Electric raises Rs 2,763 crore from marquee anchor investors ahead of IPO
SBI, Canara Bank to raise Rs 19,000 crore via bonds
GST collection surges over 10 per cent to Rs 1.82 lakh crore in July
UPI clocks Rs 20 lakh crore for the third straight month in July
India's iron ore production rises 9.7 pc to 79 MT in April-June
Square Insurance secures $3 million in equity funding
Clix Capital secures Rs 220 crore in funding from existing investors
Trifecta looks to raise $240 million for fourth venture debt fund
Space tech startup GalaxEye raises $6.5 million in first round led by Mela Ventures, Speciale Invest
Business Standard
Adani Enterprises Q1 results: Net profit rises 116% to Rs 1,455 cr
Tata Motors Q1 FY25 results: Net profit jumps 74% to Rs 5,566 crore
Cognizant Q2 net rises 22% to $566 mn, revises FY24 guidance to $19.5 bn
Hero MotoCorp starts ops in Philippines, partners with Terrafirma Motors
Irdai levies Rs 2 cr penalty on HDFC Life Insurance for violating norms
Godrej Agrovet signs pact to acquire Tyson's stake in Godrej Tyson Foods
Ather Energy partners with Amara Raja for homegrown e-scooter batteries
Projects worth Rs 3 trn to be awarded by road ministry in 3 months: Gadkari
K'taka govt launches cybersecurity policy, outflow of Rs 103 cr for 5 years
MGNREGA demand dips 19% as agriculture activities pick up pace
Govt to monitor prices of 16 more food items daily to stabilise rates
Financial Express
Dabur Q1 net up 8%; meets street estimate
Sun Pharma Q1 Results: Net profit up 40% on higher sales, completes acquisition on outstanding Taro shares
Blackstone prepares Rs 40,000 crore bid to acquire majority stake in Haldiram’s
India’s manufacturing PMI drops to 58.1 in July on lower order, sharp rise in input costs
Ujjwala LPG use rises again after post-pandemic slump
Mint
Honda-Nissan Alliance Completes Japan Car Industry Consolidation
Peru to Raise $3 Billion in First Eurobond Sale Since 2021
Govt allows states, UTs to buy rice from FCI without e-auction
IMD forecasts normal to above-normal rainfall for August, September
Bank of England cuts rates after Fed held off
RBI identifies Kotak Bank, 2 others as bidders for IDBI Bank’s majority stake
Pharma formulation firm Rubicon Research submits draft papers for ₹1,085 cr IPO
Dabur India Q1 results: Net profit surges 7.8% to ₹500 cr, revenue at ₹3,349 cr
Credit card industry adds 0.51 mn cards in June, slowest pace since October 2022
Hero FinCorp files DRHP for IPO with SEBI.
Economic Times
Jaypee Group taps global credit funds for Rs 10k crore to bail out flagship firm RailTel Q1 Results: PAT jumps 27% YoY to Rs 49 crore, revenue rises 19% ITC reports flat profit growth for Q1, misses estimates; revenue up 7.2% Ola Electric raises Rs 2,763 crore from marquee anchor investors ahead of IPO SBI, Canara Bank to raise Rs 19,000 crore via bonds GST collection surges over 10 per cent to Rs 1.82 lakh crore in July UPI clocks Rs 20 lakh crore for the third straight month in July India's iron ore production rises 9.7 pc to 79 MT in April-June Square Insurance secures $3 million in equity funding Clix Capital secures Rs 220 crore in funding from existing investors Trifecta looks to raise $240 million for fourth venture debt fund Space tech startup GalaxEye raises $6.5 million in first round led by Mela Ventures, Speciale InvestBusiness Standard
Adani Enterprises Q1 results: Net profit rises 116% to Rs 1,455 cr Tata Motors Q1 FY25 results: Net profit jumps 74% to Rs 5,566 crore Cognizant Q2 net rises 22% to $566 mn, revises FY24 guidance to $19.5 bn Hero MotoCorp starts ops in Philippines, partners with Terrafirma Motors Irdai levies Rs 2 cr penalty on HDFC Life Insurance for violating norms Godrej Agrovet signs pact to acquire Tyson's stake in Godrej Tyson Foods Ather Energy partners with Amara Raja for homegrown e-scooter batteries Projects worth Rs 3 trn to be awarded by road ministry in 3 months: Gadkari K'taka govt launches cybersecurity policy, outflow of Rs 103 cr for 5 years MGNREGA demand dips 19% as agriculture activities pick up pace Govt to monitor prices of 16 more food items daily to stabilise ratesFinancial Express
Dabur Q1 net up 8%; meets street estimate Sun Pharma Q1 Results: Net profit up 40% on higher sales, completes acquisition on outstanding Taro shares Blackstone prepares Rs 40,000 crore bid to acquire majority stake in Haldiram’s India’s manufacturing PMI drops to 58.1 in July on lower order, sharp rise in input costs Ujjwala LPG use rises again after post-pandemic slumpMint
Honda-Nissan Alliance Completes Japan Car Industry Consolidation Peru to Raise $3 Billion in First Eurobond Sale Since 2021 Govt allows states, UTs to buy rice from FCI without e-auction IMD forecasts normal to above-normal rainfall for August, September Bank of England cuts rates after Fed held off RBI identifies Kotak Bank, 2 others as bidders for IDBI Bank’s majority stake Pharma formulation firm Rubicon Research submits draft papers for ₹1,085 cr IPO Dabur India Q1 results: Net profit surges 7.8% to ₹500 cr, revenue at ₹3,349 cr Credit card industry adds 0.51 mn cards in June, slowest pace since October 2022 Hero FinCorp files DRHP for IPO with SEBI.