Bajaj Auto reports 5% increase in sales at 3,73,270 units in August

Domestic sales were, however, down 7 percent at 1,72,595 units as compared to 1,85,879 units in August last year, the company said in a statement.

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Will the Bank Nifty have the last laugh?

The stage is set for the Bank Nifty catching up, albeit with some gyrations. Investors could well participate in the last leg of the rally riding on the Bank Nifty

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Netflix rolls out UPI autopay feature in India: Here is how it works

Existing members in India can also switch to UPI AutoPay by going to Billing Details in their Account section (on a browser, or through the Android app).

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NCR focus to yield good dividends for Max Healthcare

Shares of Max Healthcare gained 15 percent this week after the company said it has acquired the rights to develop and operate a 500-bed hospital at Saket, South Delhi

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Around 18 unicorns to hit street with $11-12 bn IPOs in 2 years: Bofa

The domestic startups have created around 60 unicorns, having USD 1 billion valuations or more, and 20 of them this year alone. Many reports predict that the number will cross the 100-mark this year, going by the massive fund inflows into startups.

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Startups playing key role in enhancing India-US partnership: Ambassador Taranjit Singh Sandhu

Tarnajit Singh Sandhu was delivering a keynote address to a webinar on Opportunities in the Indian Startup Ecosystem and the deepening of India-US partnership.

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Central government finances now in better shape than before the pandemic

The tax revenue figures show that some sections of society and larger companies seem to be doing better than even before the pandemic

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GDP in April-June 2021 still well below that of April-June 2019

Private consumption is still 88.1 per cent of what it was two years ago 

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Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

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Petrol, diesel prices on September 1: Petrol price cut to Rs 101.34/ltr in Delhi, check rates in your city

In Mumbai, the petrol price was declined by 13 paise to retail a litre of the fuel at Rs 107.39

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Trade Spotlight: What should investors do with Asian Paints, Apollo Hospitals Bajaj Finance?

Bajaj Finance and Apollo Hospitals rose more than 5 percent and Asian Paints 3 percent to hit a fresh 52-week high on August 31

from Moneycontrol Market Outlook https://ift.tt/3mTSnx9

Financial wisdom | An ode to Amrita Pritam and Warren Buffet

While Buffett, synonymous with the world of investing, as investors around the world hanging on to his every word, Pritam, too, has a rich, deep and insightful treasure trove to derive financial wisdom from, along with, of course, the intricacies of love and women empowerment.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/financial-wisdom-|-an-ode-to-amrita-pritamwarren-buffet_15499801.html

Bank of India announces closure of QIP issue; raises Rs 2,550 crore

The capital issue committee at its meeting held on August 31, 2021 has approved the issue and allotment of 40,54,71,866 equity shares to eligible qualified institutional buyers (QIBs) at an issue price of Rs 62.89 per share, aggregating to Rs 2,550.01 crore, Bank of India said in a regulatory filing on Tuesday.

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Honda Cars joins hands with IndusInd Bank for vehicle financing

The partnership will facilitate customers to avail custom-built financing solutions on purchase of Honda Amaze and Honda City such as low EMI, flexi term, up to 100 percent ex-showroom funding and customised schemes for specific customer groups.

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CavinKare goes for major business reorganisation, targets Rs 5,000 crore in 3 years

CavinKare 2.0 to focus on innovation, e-commerce and synergies among divisions. Company expected to launch slew of e-commerce specific brands/products.

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LT concludes divestment of entire stake in 99 MW hydro plant at Uttarakhand to ReNew Power

The stake sale was completed following the completion of customary conditions precedent agreed under the Securities Purchase Agreement dated August 11, 2021.

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Semiconductor shortage hurting production, may impact August-September automobile wholesales: Report

In August, the registration of passenger vehicles and tractors saw a 41-44 per cent uptick over the same period of 2019, and truck registrations are also improving despite a 15 per cent decline in the months over August 2019, financial services firm Jefferies said in its report.

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With doors opening wide, drones club may admit many more members

The new rules governing drone usage have been welcomed by all but there are also a few words of caution and suggestions on what needs to be done to make their implementation smoother.

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Tata Motors launches Tigor EV at Rs 11.99 lakh

The Tigor EV features a 7 inch Harman touchscreen entertainment system, automatic climate control, rear parking camera, front power outlet, rear defogger, cooled glovebox and electric boot unlocking

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Fintechs threaten another banking bastion

The Google Pay-Equitas tie-up could disrupt the deposits market. Banks could see market shares in deposits dip and cost of funds increase 

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Prosus buys Billdesk for $4.7 billion

"Together, the two expect to create a financial ecosystem handling 4 billion transactions annually - four times PayU#39;s current level in India," the company said.

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NTPC Darlipali Thermal Power Station#39;s Unit 2 to start commercial operation from September 1

"Unit-2 of 800 MW capacity of Darlipali Super Thermal Power Station, Stage-I (2 x 800 MW) is declared on commercial operation w.e.f 00:00 Hrs of 01.09.2021," NTPC said in a regulatory filing.

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Kotak Mahindra Bank to sell 20 crore shares of Airtel Payments Bank to Bharti Enterprises for Rs 294 crore

A share purchase agreement has been executed by the bank for divestment of 20,00,00,000 equity shares (8.57 percent stake) held by Kotak Mahindra Bank Ltd in APBL.

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Not every IPO is worth subscribing to in a bull market, says Keval Bhanushali of Marwadi Shares

The market will stay range-bound for the remaining period of FY22, with inflation and the geopolitical situation weighing on sentiment in the short term, says Bhanushali

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Google removes 95,680 content pieces in July in India: Compliance report

In addition to reports from users, Google also removed 5,76,892 pieces of content in July as a result of automated detection.

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#39;Effect of US Fed taper to be relatively low for Indian market; don#39;t overlook risk of delta variant#39;

The major reason for the consideration of tapering is strong employment in the US in the past two months and the evolving economy with inflation reaching 2 percent.

from Moneycontrol Market Outlook https://ift.tt/3BtCods

Ola IPO in early 2022, to raise $2 billion: Report

Bengaluru-based startup Ola will raise half of the capital through primary issue and the rest through an offer for sale (OFS) from some early backers, the report added citing people aware of the matter.

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COVID-19 – No ground for complacency

Higher vaccine availability and a stronger vaccination drive are good things, but the virus is far from being tamed yet

from Moneycontrol Business News https://www.moneycontrol.com/news/business/covid-19-–-no-ground-for-complacency_15497021.html

Trade Spotlight: What should investors do with IEX, Max Healthcare Deepak Nitrite?

Here#39;s what Vikas Jain of Reliance Securities recommends investors should do with these stocks when the market resumes trading today:

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DAILY VOICE | It will remain a stock pickers#39; market in FY22 with bottom-up ideas still available: Unmesh Sharma of HDFC Securities

The economy-facing ones like select banks, cement, infrastructure, real estate, utilities, PSUs, and gas stocks still have room for rerating, says Sharma.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-it-will-remainstock-pickers39-marketfy22bottom-up-ideas-still-available-unmesh-sharmahdfc-securities_15496521.html

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

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Petrol, diesel prices on August 31: Fuel prices unchanged, check rates in your city

In Mumbai, the petrol price remained unchanged and retailed at Rs 107.52 a litre.

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Rakesh Jhunjhunwala-backed Rare Enterprises to invest in Syska LED

Syska Group has witnessed success over the years due to its first mover mindset and constant innovation and become one of the leading fast-moving electrical goods companies in the country.

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Good News| Depositors of stressed banks, including PMC to get up to Rs 5 lakh back from November 30

The government has notified September 1, 2021 as the date on which the provisions of the Act shall come into force, according to a gazette notification dated August 27, 2021.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/good-news|-depositorsstressed-banks-including-pmc-to-getto-rs-5-lakh-backnovember-30_15496461.html

Tesla gets approval for four models from India’s testing agencies

It was not immediately clear which models or variants these were but multiple test cars of Tesla have been spotted regularly on Indian roads. Model 3 and Model Y have been seen testing in India since the past several weeks.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/tesla-gets-approval-for-four-modelsindia’s-testing-agencies_15496401.html

Maruti Suzuki to hike prices in September

The Delhi-based carmaker had hiked prices in April and July this year.

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Carnival Cinemas unable to repay lenders after COVID-19 impact: Report

Employees who have exited Carnival Cinemas or were asked to leave since March 2020 (the beginning of the pandemic) have reportedly not received their full and final settlements

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Govt may give companies 45 days to withdraw retrospective tax claims: Report

Under the amendment, the government will refund the amount collected as retrospective tax without interest. The companies will also have to give an undertaking that they will not seek costs, damages, or interest.

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MC Insider: Get-out-of-jail conmen, the restless former CM, tongue-lashing for Infy, flop IPO and more

Hush-hush tales from the world of stock markets, banking, corporate world and corridors of power

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The Modi government’s courage in biting the bullet on asset monetisation deserves kudos

Those opposing asset recycling should tell us whether they prefer the alternatives: higher taxes or a higher fiscal deficit 

from Moneycontrol Business News https://www.moneycontrol.com/news/business/the-modi-government’s-couragebitingbulletasset-monetisation-deserves-kudos_15493781.html

The way to turbocharge electric mobility

A robust charging infrastructure is crucial for the faster adoption of electric vehicles in India  

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MC Insider: Longer wait for ex-BJP leaders, the restless former CM, tongue-lashing for Infy, flop IPO and more

Hush-hush tales from the world of stock markets, banking, corporate world and corridors of power

from Moneycontrol Business News https://ift.tt/38nCBSJ

Time right for next set of technology giants to be born in India: Pawan Munjal

Addressing the 10th convocation of the Indian Institute of Technology Gandhinagar virtually as its chief guest, he urged the graduating students to grab opportunities and challenges that #39;#39;the largest digitally-connected open marketplace#39;#39; offers.

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DAILY VOICE: Unmesh Kulkarni of Julius Baer India highlight 3 critical factors for stock selection

Any meaningful correction (say, 10% or so) in Indian equities should be bought into, from a medium-to-long-term growth perspective, says Kulkarni.

from Moneycontrol Market Outlook https://ift.tt/3sVe4Ox

Wives of Malvinder and Shivinder Singh cheated of crores of rupees by conmen: Report

The Singh brothers have been in Delhi#39;s Tihar jail since October 2019, when they were arrested for allegedly diverting funds worth Rs 2,397 crore from Religare Finvest and its parent company Religare Enterprises.

from Moneycontrol Business News https://ift.tt/3ypkVAJ

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

from Moneycontrol Business News https://ift.tt/3BtoAj7

#39;Ongoing correction in broader markets provides opportunity for long-term investors to accumulate high quality midcap stocks#39;

Accumulation seems the best strategy as investors should trade with a cautious, in a positive bias, as volatility persists.

from Moneycontrol Market Outlook https://ift.tt/3DlrIPA

Women investors should follow these 4 steps while making asset allocation plan

Asset allocation and diversification can seem like an intimidating activity to manage by yourself while monitoring your daily expenditures, saving, and investments, but it forms an essential foundation to your financial freedom.

from Moneycontrol Market Outlook https://ift.tt/3BkFgsU

IDFC First Bank aims retail loan book growth of 25% on long-term basis

Bank#39;s profits before provisioning are low currently because of the DFI (development financial institution) background with higher cost of legacy liabilities, and due to the set-up cost of a new bank, V Vaidyanathan, Managing Director and CEO, IDFC First Bank, said in bank#39;s Annual Report 2020-21.

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Tata Steel to invest Rs 8,000 crore in capex on India operations during FY22: CEO T V Narendran

The amount will be spent mainly towards completion of the expansion of the Kalinganagar plant, and expansion of mining operations and recycling business, he told PTI replying to a question related to Tata Steel#39;s plans for India business in the financial year 2022.

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