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RBI Releases:
RBI releases data on ECB/FCCB/RDB for October 2021

Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 -
Rupee Co-operative Bank Ltd., Pune, Maharashtra – Extension of Period

US fund TFCC buys 46% stake in Ramcharan Co for $4.14 billion

The investment will go into the target company's energy management systems and renewable
energy devices with high storage capacity made from sodium silicate

Indian drugmakers get close to nod for Merck's Covid antiviral Molnupiravir
The significance of the Molnupiravir approval is that it could offer an affordable oral drug to treat
Covid-19, and may even be effective against the Omicron variant

Online brokerage Upstox allows IPO applications via WhatsApp

Also, the company aims to increase its customer base to 10 million by the end of FY2022 from 7
million currently, Upstox said in a statement.

Strong Indian tech startup ecosystem, ripe for scale-ups: Nasscom report
Analysis of about 100 shortlisted "scale-up" stories in startups indicate a story of growth and focus
over the past decade

SC clears hurdle on custodial interrogation of ex-Unitech promoters by ED

The Supreme Court on Wednesday cleared a hurdle for fresh custodial interrogation of ex-Unitech
promoters Sanjay Chandra and Ajay Chandra by the Enforcement Directorate

Bill to regulate, supervise ART clinics passed by Lok Sabha

Lok Sabha on Wednesday passed a bill to regulate and supervise assisted reproductive
technology clinics

MFs step up buying as markets wobble, equity scheme purchases at 4-mth high
Participants in mutual funds say corrections gave some opportunities to enter at lower levels. In
November, S&P BSE Sensex lost 3.8%, while S&P BSE Midcap shed 2.33%

Semiconductor crisis keeps passenger vehicle sales in slow lane in November

Industry non-committal on time frame by which production will get to normal. Total Overall
passenger vehicle sales during the month declined 14% YoY to 286,000 units

'You are insulting judges': SC warns ONGC of contempt over arbitrator fees
The top court sought Attorney General K.K. Venugopal's intervention in the matter, and asked him
to speak to the ONGC and ensure that the issue is resolved

Prime Minister Modi holds meeting with senior cabinet ministers

It is learnt that the Prime Minister discussed ongoing protest by the opposition parties over
suspension of 12 Rajya Sabha members and other issues in both houses of Parliament

Star Health IPO struggles to get subscribed, mops up only 20% by Day-2 end

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Not even a single domestic institutional investor has applied for the IPO so far, data disclosed by
stock exchanges shows

Omicron variant unravels travel industry's plans for a comeback

Tourism businesses that were just finding their footing after nearly two years of devastation
wrought by the COVID-19 pandemic are being rattled again as countries throw up new barriers to
travel

Promoter stake in ADA group firms falls as lenders invoke pledged shares
Retail, lenders stuck with dud shares; promoter stake in Reliance Infra fell to 5% this September
end from 48.4% in March 2018. Reliance Infra's stake in Reliance Power fell to 25% from 75%

EU should discuss mandatory vaccinations: European Commission President

Germany's incoming chancellor Olaf Scholz threw his support behind making Covid-19 vaccine
compulsory and called for a parliamentary vote on the plan

Rajasthan bags investment commitments worth about Rs. 78,700 cr

Major investors include Renew Power and JK Lakshmi

Passive debt funds: Hold till maturity for return certainty, say experts
With interest rates expected to rise, staggered investments in target maturity funds will be
advisable, say experts

Hospitality SaaS company Rategain aims to mop up Rs 1,300 cr via IPO

Hopes to regain pre-Covid level of $60 million ARR in FY22

Bharat Bond ETF third tranche to hit markets on Dec 3 to raise Rs 5,000 cr
The third tranche of Bharat Bond ETF will be launched on December 3 to raise around Rs 5,000
crore to fund growth plans of Central Public Sector Enterprises, Edelweiss Asset Management
said

Bharat Bond ETF third tranche to hit markets on Dec 3 to raise Rs 5,000 cr
The third tranche of Bharat Bond ETF will be launched on December 3 to raise around Rs 5,000
crore to fund growth plans of Central Public Sector Enterprises, Edelweiss Asset Management
said

Urban Company launches free video consultations for appliance repairs

Initiative will enable the consumer to understand exact issue with an accurate diagnosis and cost
estimate, leading to instant resolution, all through a video call

Despite privatisation of PSU banks, low-cost banking needs digital approach

The scope of banking is much more than can be read from the current rate of credit growth to
industry, which has only picked up to 4.1% in October 2021 from a contraction of 0.7% a year ago

Tega Industries IPO subscribed 4.7 times on Day-1 on retail interest

Price band Rs 443-453 per share. At the top-end, company is valued at about 22x it FY21
earnings and will have a market cap of Rs 3,000 cr

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Negative RT-PCR report must for all domestic passengers arriving in Mumbai

Suspension of fare concessions: Railways' FY21 losses narrow significantly

The Railways has informed Parliament that its losses from fare concessions given to passengers
has reduced from Rs 2,059 crore in 2019-2020 to Rs 38 crore in 2020-21

Omicron scare: Govt puts on hold restart of regular international flights

Move comes into force on Dec 15; international flights under air transport bubble with 31 countries
will continue for now

Sebi cracks down on Telegram front-running scam

The regulator time and again has cautioning individuals from circulation of messages unsolicited
stock tips and investment advice

Indian investor paid $69.3 mn for an NFT so you can download it for free
The blockbuster price he paid helped bring attention to the burgeoning market for NFTs

Factories facing supply headaches as Omicron variant risks emerge

Towards the end of the month, the newly-detected Omicron coronavirus variant emerged as a
fresh worry for policymakers

Bewakoof expands its fashion category with launch of streetwear collection

The expansion of categories is part of the company's goal to reach Rs 2,000 crore in revenue by
2025

Cane arrear reaches Rs 4,445 cr in 2020-21 season, maximum in UP: Centre

upGrad files Rs 3 cr trademark infringement suit against edtech firm Scaler

Accuses Scaler of using its brand name 'upGrad' through Google Ads to appear on top of search
results on Google Search Engine and in turn gaining illicit benefit

Maharashtra's new airport rules in divergence with MoHFW guidelines: Centre

Maharashtra has mandated seven-day institutional quarantine for travellers arriving in the state
from 'at-risk' countries

Banks to reach out to anchor investors for LIC IPO after Paytm delay
Bankers, government officials and LIC staff are working around the clock to complete the
preparatory work for the IPO and ensure there's enough demand for the mega sale

Banks to reach out to anchor investors for LIC IPO after Paytm delay
Bankers, government officials and LIC staff are working around the clock to complete the
preparatory work for the IPO and ensure there's enough demand for the mega sale

MPLADS restored, MPs to get Rs 2 cr for remaining part of 2021-22

The government has restored MPLADS for the remaining part of 2021-21 with release of Rs 2
crore per Member of Parliament in one installment, Parliament was informed on Wednesday

Malaysia bans entry of travellers from eight countries over Omicron fears

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Market wrap: Sensex zooms 620 pts on firm economic data; Nifty holds 17,150

Manchester Utd co-owner's company buys UAE T20 League franchise

Lancer Capital, headed by top English football club Manchester United's co-chairman Avram
Glazer, has made its first foray into cricket by acquiring a franchise in the UAE Lleague

Winter session: RS adjourned for the day amid ruckus by Opposition MPs

BSNL has given Sept 2022 timeline for pan-India 4G rollout: MoS Telecom
BSNL has given a timeline of September 2022 for rollout of its 4G services across India, and
estimated an incremental revenue of about Rs 900 crore in the first year from such rollout

Amid Omicron threat, govt issues FAQs for incoming international travellers
ICMR approves 9 systems for molecular testing of SARS-CoV-2 at airports

India's biggest car dealer Popular plans $100 million listing: Report
Popular is set to be the first Indian auto dealership in a highly fragmented market to list

Rupee gains 22 paise to end at 74.91 against US dollar

The rupee gained 22 paise to close at 74.91 (provisional) against the US dollar Wednesday as
positive domestic equities and a weak American currency in the overseas markets boosted
investor sentiment

Investcorp exits Rs 135-cr structured credit investment in PBEL City

Deal is a milestone for firm's India residential credit biz; Against Rs 1,500 cr raised for this
strategy, Investcorp has already made profitable exits exceeding Rs 1,350 crore in gross proceeds

Emerging markets face a 'double whammy' in 2022, Citi says

Emerging markets will face a "double whammy" in 2022, caught between limited growth and
reduced risk appetite as a result of monetary tightening, Citi said

Private sector investments yet to gather pace despite finmin optimism

Private sector prefers to be in wait-and-watch to see sustainability of demand and how markets
play out as tapering sets in with most central banks

Oil rises 1% ahead of OPEC meeting under Omicron variant cloud

Global central banks told not to panic in face of inflation spike

OECD said price gains will peak at the turn of the year as demand stabilizes, supply bottlenecks
fade and people return to the labor force

Tata Power bags solar project worth Rs 945 cr from Solar Energy Corp
The contract involves building 100 MW EPC solar project along with 120 MWh utility scale battery
energy storage system

CollegeDekho closes $35mn Series B round led by Winter Capital, ETS

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Firm will boost investment in products and tech while growing new verticals like Ed-Fin-Tech,
student accommodation and coaching for higher education

Global shares mostly rise despite mounting Omicron variant worries

Taliban curbs on working women could cut Afghanistan's GDP by 5%

The economic impact of educating a girl in Afghanistan is more than double that for educating a
boy, according to the UN report

Reforming global trade rules is tough but doable, says WTO chief
GENEVA (Reuters) -The head of the World Trade Organization stressed the importance of
reforming the global trade body to prevent further trade wars but warned it would be "very tough"
amid high geopolitical tensions.

Need to resurrect concept of gold bank to monetise physical gold: R Gandhi

Focus on pitch, team combination and weather as India gear up for 2nd Test
Playing under stand-in skipper Ajinkya Rahane, India had come agonisingly close to winning the
first Test, failing to capture the last wicket as the Black Caps held on to draw the match

European Union decides against emergency summit on omicron for now

Much remains unknown about the new variant, including whether it is more contagious

Maruti Suzuki total sales decline 9% YoY in Nov due to chip crisis
The car major is expecting an adverse impact on vehicle production in Haryana and Gujarat plants
in Dec 2021 owing to electronic components supply constraint

Maruti Suzuki total sales decline 9% YoY in Nov due to chip crisis
The car major is expecting an adverse impact on vehicle production in Haryana and Gujarat plants
in Dec 2021 owing to electronic components supply constraint

80% int'l travellers opt for Rapid PCR test at Delhi's IGI Airport today
The Ministry of Health and family has set new guidelines for international travellers that are being
implemented from December 1 onwards: Official

Removed 48,594 content pieces in Oct in India: Google compliance report

Supreme Inds, Balrampur, NBCC gain up to 6% on F&O inclusion from Dec 31

he move expected to boost participation as investors and institutions can hedge underlying
positions in the stock.

Where does India stand on central bank digital currency?

ixteen of the 90 countries in the world are in the pilot stage of central bank digital currencies

Consumer durables makers revenue seen rising 20% this fiscal

Palghar stands first in Maha for providing work to tribals under MGNREGS

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Mahindra PV sales up 8% amid chip crunch, tractors drop 17% in November

Firm says demand remains strong across product portfolio; momentum in exports continues with
90% growth

Dentist, CAs among five independent directors appointed by Bharat Petroleum

They have been inducted on to the company's board effective November 12, will hold office for
three years

DGCA postpones resumption of scheduled international flights from Dec 15

Aviation regulator said the effective date for resumption of scheduled commercial international
passenger services will be notified in due course

Facebook, Instagram remove over 18.8 mn content pieces in India in Oct

Govt should give Rs 5 cr compensation to kin of farmers 'martyred': Tewari

IT dept finds Rs 500 cr black income after raids on Jaipur jewellery group
Around fifty premises were searched by the department during the raids launched on November
23

India's power demand growth slows in November, helping ease coal shortage
The number of plants having supply agreements with Coal India with inventories of three days or
less fell to 31, as of Nov. 29, latest data from the federal power ministry shows

IRS officer Vivek Johri takes charge as CBIC Chairman

Amid low inflation, CEA sees no impact on RBI policy as Fed turns hawkish
Monetary policy will not have to be in conflict with fiscal policy in India, as opposed to other
economies, says K V Subramanian

Nigeria detects first case of Omicron coronavirus variant from October

Saudi Arabia detects 1st case of new coronavirus variant Omicron

Saudi Arabia said Wednesday it detected its first case of the new coronavirus variant omicron.

India's power consumption rises 3.6% to 100.42 BU in November

Last year in November, power consumption stood at 96.88 BU and in the same month in 2019, it
was at 93.94 BU

Amid chip shortage, M&M records 6% drop in Nov auto sales to 40,102 units
While domestic passenger vehicles sales rose 7% YoY to 19,458 units, domestic commercial
vehicles sales fell 23% to 17,543 units in November 2021

Royal Enfield ties up with Belstaff for exclusive range of apparel

States improve fiscal position, but local bodies still suffer: RBI report

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Covid worsened finances of local govts in 2020-21 and 2021-22; local authorities would lose 15-
25% of their revenues in 2021, which may make maintenance of current level of service delivery
difficult

Twitter CEO Parag Agrawal to receive $1 mn annual salary

The India-born executive - who succeeds Jack Dorsey in this role - served as Twitter's Chief
Technology Officer since 2017, and has been responsible for the company's technical strategy

Aurionpro Solutions hits 5% upper circuit for 5th straight day; here's why
The project valued close to Rs 190 cr received from High Court of Madhya Pradesh for the
complete digitisation and implementation of video surveillance systems and live audio-visual
streaming system

How South African scientists spotted the Omicron Covid variant

By Nov 24, more than two-thirds of positive tests in Gauteng, the South African province, were
showing the S-gene dropout - a sign that Omicron was already becoming dominant

Go Fashion gains another 4% after stellar debut as FPIs purchase stake

On November 30, 2021, Nomura India Investment Fund Mother Fund and Nomura Funds Ireland
have collectively purchased 1 million shares of Go Fashion at price of Rs 1,277.97 per share

Petrol to be cheaper by Rs 8 in Delhi as AAP govt decides to cut VAT: Rpts

The Delhi government on Wednesday decided to reduce the VAT on petrol, bringing down the
price of the fuel in the city by about Rs 8 per litre, official sources said.

Nykaa looks to triple store count in retail expansion: CEO Falguni Nayar
Falguni Nayar declined to give a timeline for the rollout but said the company was targeting 100
cities.

PMI manufacturing rises to 10-month high in Nov on high domestic demand

PMI rose to 57.6 in November from 55.9 in the previous month, the highest figure since January
this year

Bajaj Auto's November sales decline 10% amid weak domestic demand
Two-wheeler sales in the world's largest market have been under pressure for the last two years

IndusInd Bank rebounds after a 8-day fall, gains 5% on BSE

According to a report, Hindujas are considering increasing their stake in IndusInd Bank after the
Reserve Bank of India (RBI) eased ownership rules for the country's private sector banks

Indian fertiliser stocks surge after report on subsidies doubling plan

Indian fertiliser stocks jumped after a report the government plans to increase fertiliser subsidies to
a record of more than 1.55 trillion rupees ($20.67 billion) in 2021-2022

MG Motor India reports 40% decline in sales to 2,482 units in November

KEI Industries at record high, up 6%, stock has surged 25% in one month

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Vijay Kedia buys nearly 2% stake in Talbros Auto; stock zooms 32% in 2 days

Indian stocks unlikely to recoup recent losses, correction likely: Poll

Eight core sectors' output grows to 7.5% in October

The core sector grew 6.9 per cent, compared with the pre-Covid month of October 2019

Samsung, Acer bid for UP govt's tablet and smartphone scheme

The government has estimated to incur Rs 2,500 cr and Rs 2,200 on tablets and smartphones

Global agri major Cargill buys edible oil refinery in Nellore for $35 mn
The investment will expand Cargill's edible oil production capacity and footprint in southern India
and strengthen its existing supply chain to meet growing customer demand

Flipkart social commerce biz Shopsy's revenue grew 4x on festive purchases

Shopsy, which competes with players such Meesho, DealShare, BulBul, GlowRoad, Mall91, and
simsim is on track to enable over 25 million online entrepreneurs by 2023.

Ola to invest up to Rs 786 crore in Ola Financial Services

Ola Financial Services is expanding its suite of products by launching new lending offerings

Govt seeks five names of farmer leaders for committee on MSP

The move comes a day after both the Houses of Parliament passed a Bill to repeal the three
contentious farm laws against which farmers have been protesting for a year

India's fiscal deficit for April-October at 36.3% of FY22 target

The windfall gains from oil revenues have contributed to the government's tax collection

Bill on cryptocurrency after Cabinet nod, says FM Nirmala Sitharaman

The government had also listed a similar Bill for the last Parliament session (monsoon) but it was
not taken up.

Bill on cryptocurrency after Cabinet nod, says FM Nirmala Sitharaman

The government had also listed a similar Bill for the last Parliament session (monsoon) but it was
not taken up.

JMC Projects bags new orders worth Rs 1,795 crore

Omicron: These countries are slapping the unvaccinated with fines and bans
Here are some of the measures against the unvaccinated deployed by governments around the
world

We are getting best possible preparation for World Cup: Mithali Raj
India are scheduled to play only one series before the Women's World Cup early next year but ODI
skipper Mithali Raj feels the team is getting the best preparation possible ahead of the mega
event.

NHAI suffers toll loss of Rs 2,731 crore due to farmers protest

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Replying to a written question in the Rajya Sabha, Road Transport and Highways Minister Nitin
Gadkari said the protest started affecting toll collection from October 2020

Rakesh Tikait denies farmers want to return home after laws repealed
Bhartiya Kisan Union (BKU) leader Rakesh Tikait on Wednesday said that the farmers will
continue their agitation and will not return home until all their demands are met.

ExxonMobil lifts spending on emission reduction plan to $15 bln

The energy giant said the USD 15 billion will go toward projects focused at reducing greenhouse
gas emissions from existing operations and increased investments in the low carbon solutions
business

US companies added 534,000 jobs in November, ADP data show

The figures suggest steady improvement in a labor market where skills mismatches, job switching
and pandemic-related factors are still making it difficult for employers to attract and retain workers

Railways has incurred losses to tune of Rs 36.87 cr due to protests: Govt

Railways has incurred losses to the tune of Rs 36.87 crore due to the agitations by farmers and
other organisations during this year, Railway Minister Ashwini Vaishnaw informed Parliament on
Wednesday

SII seeks DCGI's approval for Covishield as booster dose: Report

In an application to DCGI, an SII official cited that the UK's Medicines and Healthcare products
Regulatory Agency has already approved the booster dose of AstraZeneca's vaccine, say sources

Farm Laws Repeal Act 2021 gets President Ram Nath Kovind's assent
President Ram Nath Kovind on Wednesday gave his assent to the Farm Laws Repeal Act 2021
that was passed by both houses of Parliament by voice vote on Monday.

SII seeks DCGI's approval for Covishield as booster dose: Report

In an application to DCGI, an SII official cited that the UK's Medicines and Healthcare products
Regulatory Agency has already approved the booster dose of AstraZeneca's vaccine, say sources

Royal Enfield reports 19% decline in wholesales during November

Domestic sales fell, while exports rose

Honda Cars India reports 31% dip in total sales at 6,904 units in Nov

India-China trade deficit stands at $30 billion during Apr-Sept

Major items of import from China include telecom instruments, computer hardware, fertiliser,
electronic components, chemicals and drug intermediates

US and other nations harden travel rules over Omicron, EU urges vaccination
Some 56 countries were reportedly implementing travel measures to guard against Omicron as of
Nov 28

Technology firm Genesys to prepare 3D map of India's top-100 cities

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Genesys Chairman and Managing Director Sajid Malik said the company has the capacity to finish
the project for 100 cities within 18 months

Reliance Jio complaints to Trai over Vodafone Idea new tariff plans
Reliance Jio is learnt to have written to the sector regulator Trai complaining that the new tariff
structure of Vodafone Idea allegedly restricts entry-level customers to port their mobile number

Upgrade STPs, biogas plants in Delhi in 12 to 15 months: Satyendar Jain

Jain instructed the officials to upgrade all STPs and sludge biogas plants using state-of-the-art
technology instead of the conventional one

WHO expects to have more information on Omicron transmission 'within days'

That was faster than the "weeks" the WHO had predicted last week that it would take to assess the
data available on the variant after designating it a "variant of concern"

FSS launches UPI e-voucher to advance financial inclusion

The UPI e-voucher enables customers to transfer funds for a specific purpose in real-time to any
mobile number, regardless of whether the beneficiary has a bank account

MSRTC takes action against over 500 employees; strike continues on 35th day
The Maharashtra State Road Transport Corporation also managed to run more than 1,200 buses
till evening

India's merchandise exports rise 26% in Nov; trade deficit at record $23 bn
Imports in November were at $53.15 bn, an increase of 57.18% over $33.81 bn

PM-ASHAA and price deficiency payment: Touted at launch, flat in practice

Both were well-intentioned but inadvertently kept several farmers out and in any case had
complicated implementation protocols on MSP

Wall St bounces back after rout spurred by inflation, Omicron risks

Merck up as FDA panel narrowly votes to back Covid pill; payrolls, factory activity increase in
November

India joins G20 Troika, to work closely with Indonesia, Italy on agenda
India will assume the G20 Presidency on December 1, 2022 from Indonesia, and will convene the
G20 Leaders' Summit for the first time in India in 2023

Discussing development ideas with states, says NITI Aayog's Rajiv Kumar
"This is a part of our effort at cooperative federalism that we want to visit and engage with all
states," Kumar said

WhatsApp says banned over 2 million accounts in India in October

The Meta-owned platform also WhatsApp also received 500 grievance reports in the same month,
and took action on only 18 of those

Prem Watsa-backed Fairfax sells 3.2% stake in IIFL Finance for Rs 365 crore

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The scrip of IIFL Finance settled at Rs 316.25 on the BSE, up 2.36 per cent from the previous
close

Winter Session: Setting the House in order unlikely anytime soon

Impasse between Oppn, government over suspension of 12 MPs from RS continues as neither
side concedes any space

OECD cuts global economic outlook for 2021 amid Covid variant concerns
The Paris-based organization predicted in September that the global economy would expand 5.7%
this year. It left the 2022 projection unchanged at 4.5%

Correction in ICICI, Axis Bank stocks can be a long-term opportunity

The two lenders posted strong performance in Q2, and analysts' target prices indicate upside of at
least 35-40%

Aravali Power Company pays Rs 135 cr interim dividend to NTPC

NTPC Limited on Wednesday said Aravali Power Company has paid an amount of Rs 135 crore to
the power giant as interim dividend for 2021-22.

India's merchandise exports rise 26% in Nov; trade deficit at record $23 bn
Imports in November were at $53.15 bn, an increase of 57.18% over $33.81 bn

IndiGrid get Letter of Intent for transmission project in Maharashtra

WardWizard Innovations posts 12-fold jump in two-wheeler sales in Nov

Indian investor paid $69.3 mn for an NFT so you can download it for free
The blockbuster price he paid helped bring attention to the burgeoning market for NFTs

Rupee gains 22 paise to end at 74.91 against US dollar

Payments platform UPI maintains momentum in Nov after stellar show in Oct
In November, UPI recorded 4.18 billion transactions worth Rs 7.68 trillion

HDFC, Bajaj Finance hike rates on long term deposits ahead of RBI meet
India's largest mortgage lender, HDFC Ltd, hiked its long-term rates by upto 15 basis points (bps)

Management is nothing more than motivating the people – Lee Iaococca