Finance News Headlines - 9th November 2023

nikhilchauhan

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Today's Headlines from:

Economic Times


πŸ“ Ashok Leyland to invest Rs 1,200 crore in its electric vehicle arm

πŸ“ Aditya Birla Fashion Q2 Results: Company posts Rs 200 crore loss

πŸ“ Aurobindo Pharma Q2 Results: Net profit soars 84% to Rs 752 crore on strong overseas demand

πŸ“ Tata Technologies in talks with Morgan Stanley, US funds for IPO investments

πŸ“ Adani Enterprises aims big on data centers with $1.5 billion capex planned

πŸ“ ICICI Bank receives RBI nod to make ICICI Securities a wholly owned subsidiary

πŸ“ REC signs pact with RailTel; to finance infra projects in telecom, IT and railway signalling

πŸ“ Tata Electronics acquires 100% stake in Wistron India

πŸ“ Building design startup Snaptrude raises $14 million led by Foundamental VC, Accel

πŸ“ InCred set to secure Rs 500 crore in equity funding from a clutch of investors, join unicorn club

Business Standard

πŸ“ IGE, Archer Aviation partner to launch electric air taxis in India by 2026

πŸ“ CtrlS to invest Rs 250 crore to set up a data center in Uttarakhand

πŸ“ Philips ramps up investments in India with new innovation hub in Bengaluru

πŸ“ Sports tech firm Game Theory acquires Matchday.ai for an undisclosed amount

πŸ“ Shriram Life insurance posts Rs 70 cr net profit in first half of 2023-24

πŸ“ Piramal Enterprise reports net profit of Rs 48 crore in July-Sept quarter

πŸ“ SoftBank hit with $6.2 bn quarterly loss as WeWork, tech investments dip

πŸ“ ABB India net profit up 83.7% on back of improved operational performance

πŸ“ Global VC investments drop 5.4% as VCs remain cautious: KPMG report

πŸ“ Adani Ports and SEZ profit rises 4.2% to Rs 1,748 crore in Q2FY24

Financial Express

πŸ“ OneWeb, Jio Satellite get permit to provide internet services

πŸ“ GE Power India posts Rs 62 crore loss in Q2

πŸ“ Adhesive maker Pidilite to enter lending business, to acquire promoter group’s NBFC firm

πŸ“ HC orders tax refund of Rs 1128 cr to Vodafone Idea; pulls up I-T dept for laxity and lethargy

πŸ“ Bajaj Consumer Care Q2 profit up 17.8 to Rs 37.28 crore, revenue at Rs 234.85 crore

πŸ“ Moody’s retains India’s 2023 growth forecast at 6.7% on strong domestic demand

πŸ“ Rupee settles 1 paisa higher at 83.29 against US dollar

Mint

πŸ“ US Federal Reserve won’t hesitate to tighten policy further if appropriate: Jerome Powell

πŸ“ ZEEL net profit dips 5.3% to β‚Ή130 cr in Q2

πŸ“ Apple risks losing $14 billion in tax at top EU court

πŸ“ Equity mutual fund inflows surge to β‚Ή19,932 crore in Oct, SIPs at record-high

πŸ“ Bharat Housing Network raises β‚Ή125 cr in Series A round led by Nabventures

πŸ“ India's merchandise exports expected to grow 6.3% in Q3, says India Exim Bank

πŸ“ SJVN net profit dips marginally to β‚Ή439.64 crore in September quarter

πŸ“ Apollo Hospitals Q2 results: Net profit increases by 14% YoY to β‚Ή233 crore

πŸ“ RBI governor Das pitches linking fast payment platforms of India, Japan.
 
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