Economic Times Ø Adani Electricity set to raise $300 million via sustainable offshore bonds. Ø Vijay Mallya’s last nominee on UBL board to step down. Ø Government may extend scheme for investment promotion. Ø India Glycols bets on liquor, value-added chemicals as it weans of commoditised products. Ø NSE-BSE bulk deals: HSBC Smallcap Fund buys stake in CMI. Ø Mukesh Ambani considers bid for India’s solar incentives in green push. Ø Srei Equipment Finance invokes 2.08% stake in Eros International Media. Ø PNB Housing Finance-Carlyle deal: Sebi questions directors’ role. Ø Adani blames stock crash on ‘reckless’ reporting. Ø India's June palm oil imports down 24 per cent from previous month. Ø Tax havens in trouble as MNCs rejig global operations. Business Standard Ø Zomato allots shares worth Rs 4,195 cr to anchor investors ahead of IPO. Ø Magenta sets up largest public EV charging station in Navi Mumbai. Ø NTPC gets govt nod to set up country's single largest solar park in Gujarat. Ø Valuation of Indian unicorns to rise manifold amid pandemic: Experts. Ø Sunteck Realty first quarter sales booking up 74% at Rs 176 crore. Ø Godrej Consumer leveraging on data and tech, strengthening its e-commerce. Ø India Rating downgrades Sadbhav Engineering, Sadbhav Infra over liquidity. Ø Mphasis granted US patent for AI-driven app, infra management solution. Ø India needs forex reserves buffer to beat exchange rate volatility: Rajan. Ø Govt may liberalise policy to promote alternative fertilisers: Mandaviya. Financial Express Ø CPI inflation stays above RBI comfort zone. Ø Unemployment rises as labour participation improves. Ø Metals & Mining: Q1FY22 preview – Another blockbuster quarter in the offing. Ø RBI scheme for individuals to invest in govt securities: Retail Direct Gilt Account. Ø Paytm shareholders approve country’s biggest public offer plan of Rs 16,600 crore. Ø Jana Small Finance Bank gets Sebi’s go-ahead to float IPO. Ø Govt caps trade margin on pulse oximeter, nebuliser, digital thermometer at 70%. Ø Tata Consultancy Services Rating: Hold – Revenue growth missed estimates in Q1. Ø IT earnings, macro data to guide stock markets this week: Analysts. Ø S&P affirms India rating at lowest investment grade for 14th year in a row. Mint Ø Thai state-owned PTT’s unit acquires 41.6% stake in Avaada Energy. Ø Adani Group takes over management control of Mumbai International Airport. Ø OPEC+ uncertainty, virus variant worries linger in oil market, IEA says. Ø NMDC board approves demerger of NMDC Steel. Ø JPMorgan profit surges on investment banking boost. Ø Goldman Sachs Q2 profits beat forecasts; boosts dividend. Ø Mindtree sees broad-based growth, Q1 profit up 61% YoY. Ø Power demand in India expected to grow 6% in FY22: Icra. Ø Maharashtra government rolls out new EV policy. Ø NTPC to build India’s largest solar park of 4.75 GW in Rann of Kutch. Ø Hospitals likely to report 20-22% revenue growth in FY22: Icra.
