Economic Times Ø IOC bags city gas licenses for 9 geographical areas Ø Oil India exits US shale venture, sells 20% for $25 million Ø Metro Brands Q3 net profit jumps 54.6% to Rs 100.85 cr Ø Key issue before Budget is to maintain market confidence: Raghuram Rajan Ø PMC Bank merger with Unity Small Finance Bank awaits govt approval Ø Tata Motors wants to make EVs mainstream, eyes 50,000 annual sales in FY23 Ø Increase in tax on components to make mobile PLI uncompetitive for exports: ICEA Ø Aditya Birla Fashion and Retail faces data breach on its portal Ø Gail Director E S Ranganathan arrested by CBI in bribery case Ø ATF price hiked by 4.2 per cent; no change in petrol and diesel prices Ø IPO-bound India1 Payments aims to deploy 20,000 ATMs in next 4-5 years Business Standard Ø Auto ancillary stocks in radar on hopes of fresh demand from OEMs Ø Goyal assures full support to IT firms in pushing growth, exports to $1 trn Ø HDFC Bank Q3 results: Net profit rises 18% to Rs 10,342 cr Ø Sequent Scientific names Rajaram Narayanan as MD, CEO for five years Ø Adani Wilmar cuts IPO size to Rs 3,600 cr from Rs 4,500 cr: Report Ø Banks park Rs 4.3 trn in Rs 5-trn variable rate reverse repo auction Ø RIL to invest Rs 5.95 trn in Gujarat for green energy, other projects Ø Posco, Adani Group to invest up to $5 bn for green steel mills in India Ø SC reserves order on allowing Future Group to proceed with Reliance deal Ø ICAI seeks waiver of penalty till March 31 for filing tax audit reports Ø Chip crunch, pandemic, high costs drag Dec qtr auto sales to multi-year low Financial Express Ø FPIs invest Rs 3,117 cr in Indian markets in Jan so far Ø Tata Sons, TICL to participate in TCS mega buyback offer, to sell shares worth Rs 12,993 cr Ø Rakesh Jhunjhunwala buys more Titan shares during December quarter, increases stake to 4.02% Ø SBI raises $300 million via 5-year Regulation S Formosa bonds Ø LIC IPO expected to open mid-March; DRHP likely this month Ø India’s first Bitcoin ETF likely to come up in GIFT City Ø AGS Transact Tech sets IPO price band at Rs 166-175/share Ø Telecom industry seeks RoW rules amendment to include provisions on ‘small cell deployment’ for 5G readiness Ø Icra says Omicron may eat up 40 bps of Q4 GDP growth Ø IT sector: Healthy growth likely in a weaker season Ø India seeking Rs 15 lakh crore valuation for LIC IPO; wants to pit it in the league of RIL, TCS.
