▫️RIL, Adani Group and Tata Power bid for solar equipment manufacturing PLI scheme.
▫️ GST of 5% now levied on food delivery services offered by Swiggy and Zomato.
▫️ Serum Institute of India (largest vaccine manufacturer) will buy 15% stake of Biocon’s subsidiary: Biocon Biologics.
▫️Indian government bonds may soon be part of global indices.
▫️ Strong buying by MFs and insurance companies have lowered the corporate bond yields marginally.
▫️Coal India subsidiary commenced 250KW solar power project.
▫️Serum Institute of India to supply 200 million doses from October.
▫️TCS to set up ₹690 crores innovation park in Kochi.
▫️ Wipro in collaboration with Google launched Cloud Innovation Arena in Bengaluru.
▫️Smart TV sales jumped by 65% in June 2021, quarter.
▫️ Reddington India wil offer latest launched Iphones in over 3500 locations across India.
▫️ Securitization volumes have picked after the June 2021 quarter due to healthy collections (+ve for NBFIs)
▫️US consumer sentiment data for early September came weak.
▫️Local Petrol Diesel rates may rise after surge in International Oil prices.
▫️Airlines can now operate at 85% capacity (previous 72.5%).
▫️Ola e-scooter sales reached ₹1,100 crores in 2 days.
▫️IDFC gets approval to divest their asset management business.
▫️JM Financial to raise ₹500 crores via NCDs.
▫️ Vodafone needs to pay ₹9,000 crore of bank loans by Mar22. The company is looking to raise ₹15,000 to ₹20,000 crores to honour its maturing debt.
▫️India’s computer shipments reached 5-year high of 4.1 million units in Apr-Jun’21.
▫️US court scraps off Trump era H1-Visa rule. (+ve for Indian IT firms)
▫️Office space rents witnessing double digit growth in Banglore, Hyderabad and Chennai in recent months.
▫️Interest rates have slowly and marginally increased amid hopes of economic recovery and central banks tightening liquidity.
This post is for educational purposes only.