Today's Headlines from:
Economic Times
Govt eases norms for moving used IT hardware out of duty-free SEZs
RBL sells ₹800-crore stressed credit card loans to Kotak Bank
IIT-Madras aims to incubate 100 startups in 2024
Rays Power Infra files IPO papers with Sebi
Muthoot Finance to raise up to Rs 1,000 crore via NCDs
India's Oct-Dec sugar output drops 7.6% y/y: Industry body
FCI to borrow Rs 50,000 cr to meet short-term fund needs
Torrent Power plans to raise up to Rs 650 crore via NCDs
Co-living startup Settl raises Rs 10 crore in funding
SoftBank took home $1.8-1.9 billion from four listed portfolio companies
Flipkart cofounder Binny Bansal launches OppDoor, an ecommerce startup focussed on online brands
Business Standard
Reserve Bank of India seeks to lower NNPA of banks for paying dividends
BDR Pharmaceuticals launches prostate cancer drug in oral solution form
SAIL enters deal with Chennai-based Ram Charan for managing emissions
India's oil demand growth expected to remain strong in FY24: Analysts
Comply with higher UPI transfer limit by Jan 10, NPCI directs members
Federal Bank's advances increase 18% to Rs 2.02 trillion in Q3 FY24
India reports 115 new JN.1 cases, marking highest single-day detection
Coal production in the country increases by 10.75% in 2023: Govt
India launches a single-window portal for medical devices management
China 2024 crude oil import quota up 60%; factory activity expands
Financial Express
FMCG firms get flurry of GST tax notices
ESR-Allianz JV calls off $450-mn sale
Oil and gas sector contributes Rs 3.4 trillion to govt kitty in H1FY24
Adani Ports expects to handle 400 MMT of cargo in FY24
Coal India’s supply to non-regulated sector rises 31 per cent in Apr-Dec period
Tea production falls by 6.18pc to 127.12 mkgs in Nov 2023
States debt cost crosses 7.70pc, spread between G-sec jumps to 2-year high of 53 bps
Divine Power Energy plans to launch IPO by March; eyes Rs 400 crore turnover by 2026
Rupee falls 11 paise to close at 83.32 against US dollar
Mint
Akasa Air set to finalise order for 150 Boeing jets: Report
VRO Hospitality raises $10 million to expand
InvAscent looks to exit Aizant Drug at $350-400 mn valuation
Goldman Sachs revises India's current account deficit forecast to 1.3% from 1.9% of GDP
Oil to hover between $80-$90/barrel in 2024; OPEC+ to dictate trends: Experts
India’s pulses imports rise 40% in 2023 as output falls.
Economic Times
Govt eases norms for moving used IT hardware out of duty-free SEZs RBL sells ₹800-crore stressed credit card loans to Kotak Bank IIT-Madras aims to incubate 100 startups in 2024 Rays Power Infra files IPO papers with Sebi Muthoot Finance to raise up to Rs 1,000 crore via NCDs India's Oct-Dec sugar output drops 7.6% y/y: Industry body FCI to borrow Rs 50,000 cr to meet short-term fund needs Torrent Power plans to raise up to Rs 650 crore via NCDs Co-living startup Settl raises Rs 10 crore in funding SoftBank took home $1.8-1.9 billion from four listed portfolio companies Flipkart cofounder Binny Bansal launches OppDoor, an ecommerce startup focussed on online brandsBusiness Standard
Reserve Bank of India seeks to lower NNPA of banks for paying dividends BDR Pharmaceuticals launches prostate cancer drug in oral solution form SAIL enters deal with Chennai-based Ram Charan for managing emissions India's oil demand growth expected to remain strong in FY24: Analysts Comply with higher UPI transfer limit by Jan 10, NPCI directs members Federal Bank's advances increase 18% to Rs 2.02 trillion in Q3 FY24 India reports 115 new JN.1 cases, marking highest single-day detection Coal production in the country increases by 10.75% in 2023: Govt India launches a single-window portal for medical devices management China 2024 crude oil import quota up 60%; factory activity expandsFinancial Express
FMCG firms get flurry of GST tax notices ESR-Allianz JV calls off $450-mn sale Oil and gas sector contributes Rs 3.4 trillion to govt kitty in H1FY24 Adani Ports expects to handle 400 MMT of cargo in FY24 Coal India’s supply to non-regulated sector rises 31 per cent in Apr-Dec period Tea production falls by 6.18pc to 127.12 mkgs in Nov 2023 States debt cost crosses 7.70pc, spread between G-sec jumps to 2-year high of 53 bps Divine Power Energy plans to launch IPO by March; eyes Rs 400 crore turnover by 2026 Rupee falls 11 paise to close at 83.32 against US dollarMint
Akasa Air set to finalise order for 150 Boeing jets: Report VRO Hospitality raises $10 million to expand InvAscent looks to exit Aizant Drug at $350-400 mn valuation Goldman Sachs revises India's current account deficit forecast to 1.3% from 1.9% of GDP Oil to hover between $80-$90/barrel in 2024; OPEC+ to dictate trends: Experts India’s pulses imports rise 40% in 2023 as output falls.