Today's Headlines from:-
Economic Times
Centre authorises release of tax devolution of Rs 72,961 crore to states
Apollo Tyres Q2 Results: Net profit rises over 2.5-fold to Rs 474 crore
Cummins India Q2 Results: Net profit rises 23% on lower costs
PLI disbursement for white goods expected to start from Q4: DPIIT Secretary
CCI clears Bharti Group's 49 pc stake buy in Bharti AXA Life Insurance
Norwest Ventures announces acquisition of Rs 450 crore stake in Regency Healthcare
Cybersecurity firm Sequretek raises $8 million funding led by Omidyar Network India
Ontario Teachers venture arm invests $80 million in Xpressbees
Bimaplan secures $3.5 million in fresh funding from Orios Venture Partners and others
Home decor startup Vaaree raises $4 million in round led by Peak XV’s accelerator programme Surge
Business Standard
Only 19% of claims by creditors admitted: Go First RP tells Court
BSNL may begin advance testing of 5G network equipment by February
Walmart-owned PhonePe crosses 500 million lifetime registered users
Cipla announces transfer of Generics Business Undertaking to subsidiary
Alkem Laboratories posts 87.85% increase in PAT, sales in India up by 5%
IBM partners with AWS to launch GenAI-focussed innovation lab in India
HCLTech, Cisco partner to launch AI powered Meeting Rooms Services
Alembic Pharmaceuticals' revenue surges 8.17%, PAT up 3.21% in Q2FY24
FinMin focuses on bringing all business establishments under GST net
IBBI suggests project-based insolvency, excludes allotted property
12 states, 1 UT raise Rs 25,800 cr at bond auction, 19% more than indicated
Financial Express
HPCL lays out Rs 75,000-cr capex plan for 5 years
Lingotto buys additional 16.5 pc stake in TVS Industrial and Logistics Parks
Shriram General Insurance Q2 profit jumps over 58 pc to Rs 119 cr; eyes 40 pc growth in gross written premium
Tata-owned Trent Ltd posts Q2 profit jump of 152.3% to Rs 234.73 crore, revenue up 52.7% on-year
Tata Power Delhi Distribution, IIT-Roorkee ink MoU to develop energy saving solutions
Jyothy Labs Q2 net profit up 59.1 per cent at Rs 103.98 crore
CPSE dividends to Centre to exceed BE by Rs 20,000-cr in FY24
National Coal Index increases to 143.91 points in September: Coal Ministry
Zepto raises another $31.25 million in Series E round
ESAF Small Finance Bank IPO subscribed 73.15 times
Rupee falls 2 paise to close at 83.22 against US dollar
Mint
Delhivery bets on improving H2 demand to deliver earnings
Reliance Industries files for record $2.4 billion rupee bond sale: Report
IndiGo likely to ground about 35 aircraft due to Pratt engine issues
Zydus Lifesciences Q2 Net Profit up by 53% Y-o-Y
One Point One Solutions Raises Rs. 97.42 Crore by Allotment of Warrants to Investors
Powergrid Q2 result: Net profit grows 3.6% to ₹3,781 cr, revenue up marginally
Xpressbees raises $80 million from arm of Ontario Teachers’ Pension Plan
JB Pharma net profit rises 36% YoY in Sep quarter
Axis Bank inks an MoU with IRMA to promote financial inclusion and literacy.
Economic Times
Centre authorises release of tax devolution of Rs 72,961 crore to states Apollo Tyres Q2 Results: Net profit rises over 2.5-fold to Rs 474 crore Cummins India Q2 Results: Net profit rises 23% on lower costs PLI disbursement for white goods expected to start from Q4: DPIIT Secretary CCI clears Bharti Group's 49 pc stake buy in Bharti AXA Life Insurance Norwest Ventures announces acquisition of Rs 450 crore stake in Regency Healthcare Cybersecurity firm Sequretek raises $8 million funding led by Omidyar Network India Ontario Teachers venture arm invests $80 million in Xpressbees Bimaplan secures $3.5 million in fresh funding from Orios Venture Partners and others Home decor startup Vaaree raises $4 million in round led by Peak XV’s accelerator programme SurgeBusiness Standard
Only 19% of claims by creditors admitted: Go First RP tells Court BSNL may begin advance testing of 5G network equipment by February Walmart-owned PhonePe crosses 500 million lifetime registered users Cipla announces transfer of Generics Business Undertaking to subsidiary Alkem Laboratories posts 87.85% increase in PAT, sales in India up by 5% IBM partners with AWS to launch GenAI-focussed innovation lab in India HCLTech, Cisco partner to launch AI powered Meeting Rooms Services Alembic Pharmaceuticals' revenue surges 8.17%, PAT up 3.21% in Q2FY24 FinMin focuses on bringing all business establishments under GST net IBBI suggests project-based insolvency, excludes allotted property 12 states, 1 UT raise Rs 25,800 cr at bond auction, 19% more than indicatedFinancial Express
HPCL lays out Rs 75,000-cr capex plan for 5 years Lingotto buys additional 16.5 pc stake in TVS Industrial and Logistics Parks Shriram General Insurance Q2 profit jumps over 58 pc to Rs 119 cr; eyes 40 pc growth in gross written premium Tata-owned Trent Ltd posts Q2 profit jump of 152.3% to Rs 234.73 crore, revenue up 52.7% on-year Tata Power Delhi Distribution, IIT-Roorkee ink MoU to develop energy saving solutions Jyothy Labs Q2 net profit up 59.1 per cent at Rs 103.98 crore CPSE dividends to Centre to exceed BE by Rs 20,000-cr in FY24 National Coal Index increases to 143.91 points in September: Coal Ministry Zepto raises another $31.25 million in Series E round ESAF Small Finance Bank IPO subscribed 73.15 times Rupee falls 2 paise to close at 83.22 against US dollarMint
Delhivery bets on improving H2 demand to deliver earnings Reliance Industries files for record $2.4 billion rupee bond sale: Report IndiGo likely to ground about 35 aircraft due to Pratt engine issues Zydus Lifesciences Q2 Net Profit up by 53% Y-o-Y One Point One Solutions Raises Rs. 97.42 Crore by Allotment of Warrants to Investors Powergrid Q2 result: Net profit grows 3.6% to ₹3,781 cr, revenue up marginally Xpressbees raises $80 million from arm of Ontario Teachers’ Pension Plan JB Pharma net profit rises 36% YoY in Sep quarter Axis Bank inks an MoU with IRMA to promote financial inclusion and literacy.