Today's Headlines from:-
Economic Times
Deals & disputes drive India Inc legal spends up by 17% in FY24
China plans to cut mortgage rates to shield banks
Rupee hits record low but recovers as RBI steps in, ends at 83.965 vs US dollar
Canara Bank raises $300 million through five-year bond issue
Axis Bank raises Rs 3,925 crore via infrastructure bonds at 7.45% coupon
Finmin relaxes norms for expenditure exceeding Rs 500 cr to give boost to capex
Reliance plans Rs 3.9k-cr infusion into FMCG unit to step up play
India’s textile industry to grow to $350 bn by 2030, add 3.5 cr jobs
Natco Pharma acquires 40 million shares in eGenesis Inc
OpenAI cofounder Sutskever's new safety-focused AI startup SSI raises $1 billion
Business Standard
Capital Group's arm sells 5% stake in IT firm Mastek for Rs 475 crore
SC asks Sahara Group to furnish list of top officials, properties for sale
Germany's Infineon eyes entry into India's power semiconductor space
Centre awards RIL full quota of Advanced Chemistry Cell under PLI-II
Apple's key manpower supplier Layam Group plans IPO next fiscal year
Flipkart launches 11 fulfilment centres, expects to create over 100k jobs
CapitaLand Investment to double funds under management in India by 2028
Star Health to collaborate with foreign insurers for inward reinsurance
Adani Enterprises sets up subsidiary to develop airport in Kenya's Nairobi
Suzlon Energy sells corporate HQ in Rs 440 crore sale-leaseback deal
Food aggregator Swiggy strengthens top deck ahead of upcoming IPO
DeVANS forays into premium lager, expands six fields with Brute and Pilsner
RBI board reviews global, domestic economy, associated challenges
Growth in new business thrusts services PMI to 5-month high in Aug
India's US crude imports rebound as Washington tightens screws on Russia
Financial Express
Govt conducting feasibility study to transport green hydrogen through pipelines
Centre’s extra spend may rise to Rs 8,000-cr in 7 years
GST from imports hit Rs 50,000-cr in Aug, raises share in overall mop-up
Air India commences construction of 35-acre MRO at Bangalore International Airport, promises 1,200 new jobs
Mint
IPO-bound Swiggy trims FY24 loss by 43%, buoyed by food delivery, Instamart
Govt to set up SPV to make planes in India: Aviation minister
More rains predicted in Gujarat, Andhra Pradesh, Telangana; IMD issues red alert
Centre For Sight ties up with Maharashtra’s Laxmi Eye Hospital
Byju’s bankruptcy: Tribunal defers decision on plea by edtech firm’s US lender
DAM Capital files IPO papers with SEBI; Promoter, RBL Bk, others to divest stake.
Economic Times
Deals & disputes drive India Inc legal spends up by 17% in FY24 China plans to cut mortgage rates to shield banks Rupee hits record low but recovers as RBI steps in, ends at 83.965 vs US dollar Canara Bank raises $300 million through five-year bond issue Axis Bank raises Rs 3,925 crore via infrastructure bonds at 7.45% coupon Finmin relaxes norms for expenditure exceeding Rs 500 cr to give boost to capex Reliance plans Rs 3.9k-cr infusion into FMCG unit to step up play India’s textile industry to grow to $350 bn by 2030, add 3.5 cr jobs Natco Pharma acquires 40 million shares in eGenesis Inc OpenAI cofounder Sutskever's new safety-focused AI startup SSI raises $1 billionBusiness Standard
Capital Group's arm sells 5% stake in IT firm Mastek for Rs 475 crore SC asks Sahara Group to furnish list of top officials, properties for sale Germany's Infineon eyes entry into India's power semiconductor space Centre awards RIL full quota of Advanced Chemistry Cell under PLI-II Apple's key manpower supplier Layam Group plans IPO next fiscal year Flipkart launches 11 fulfilment centres, expects to create over 100k jobs CapitaLand Investment to double funds under management in India by 2028 Star Health to collaborate with foreign insurers for inward reinsurance Adani Enterprises sets up subsidiary to develop airport in Kenya's Nairobi Suzlon Energy sells corporate HQ in Rs 440 crore sale-leaseback deal Food aggregator Swiggy strengthens top deck ahead of upcoming IPO DeVANS forays into premium lager, expands six fields with Brute and Pilsner RBI board reviews global, domestic economy, associated challenges Growth in new business thrusts services PMI to 5-month high in Aug India's US crude imports rebound as Washington tightens screws on RussiaFinancial Express
Govt conducting feasibility study to transport green hydrogen through pipelines Centre’s extra spend may rise to Rs 8,000-cr in 7 years GST from imports hit Rs 50,000-cr in Aug, raises share in overall mop-up Air India commences construction of 35-acre MRO at Bangalore International Airport, promises 1,200 new jobsMint
IPO-bound Swiggy trims FY24 loss by 43%, buoyed by food delivery, Instamart Govt to set up SPV to make planes in India: Aviation minister More rains predicted in Gujarat, Andhra Pradesh, Telangana; IMD issues red alert Centre For Sight ties up with Maharashtra’s Laxmi Eye Hospital Byju’s bankruptcy: Tribunal defers decision on plea by edtech firm’s US lender DAM Capital files IPO papers with SEBI; Promoter, RBL Bk, others to divest stake.