Sundararajan Srininvasan’s Post

Today's Headlines from : *Economic Times* 📝 MHA issues new fund norms for 'recovery, reconstruction' after 15th Finance Commission's suggestions 📝 OPEC+ agrees to delay October oil output hike for two months, say sources 📝 WACR drops to 6.49% amid surplus liquidity, just below RBI repo rate 📝 Brookfield-backed Data InvIT raises nearly $1 bln in rare bond deal to fund ATC India purchase 📝 Singapore plans to invest huge amount in India in coming years: Piyush Goyal 📝 FSDC panel reviews macro developments 📝 Automobile sales declines 7.01 pc in August, above normal monsoon attributed to poor performance: FADA 📝 ADIA-backed India fund to seek $4 billion for infrastructure 📝 Govt issues allocation orders for three coal mines; expect to generate employment to nearly 40,560 people 📝 Railways achieves 653 MT freight loading by August of FY 2024-2025: Railway Board 📝 A backpacker hostel chain the Hosteller raises $4 million from V3 Ventures, others 📝 Rapido raises $200 million in funding led by WestBridge; valuation hits $1.1 billion 📝 Recycling startup RecommerceX raises $3.6 million in round led by Accel, Kae Capital *Business Standard* 📝 Jio marks 8th anniversary celebration with offers on select recharge plans 📝 Glenmark to pay $25 million as part of settlement with US authorities 📝 SC directs Sahara to deposit Rs 1,000 cr, allows JV to develop Mumbai land 📝 Adani Group in talks with global banks to sell $1.5 billion of dollar bonds 📝 SBI focuses on JanDhan, trusts, societies to mobilise incremental deposits 📝 Amazon set to exceed $13 billion in Indian exports by end of 2024 📝 High-level delegation of US pension funds to visit India next week 📝 Companies raise concerns over subsidy refund in proposed ELI scheme 📝 Switzerland govt submits EFTA-India trade agreement to Parliament 📝 Irdai asks insurance companies to integrate IT systems with Digilocker 📝 India becomes top weight in MSCI EM Index, surpassing China for first time 📝 Sebi sets up new expert group of 22 members on listing obligations 📝 Demat accounts hit fresh high in August, surpass 171 million mark 📝 Meta, Telangana govt partnership for e-gov, citizen svcs leveraging AI tech *Financial Express* 📝 EaseMyTrip enters into electric bus manufacturing segment, announces launch of Easy Green Mobility 📝 Contraction in states’ capex continues, down 17% in April-July 📝 Flybig to start seaplane operations in Andaman and Nicobar 📝 Festive hiring to surge 20% in 2024; e-comm, logistics, q-commerce lead in job creation 📝 Coal India aims to add 5-GW green energy capacity by 2028 📝 Edtech sector sees 87% decline in funding since 2021 *Mint* 📝 Dish Network in Talks With Investors to Settle Lawsuit 📝 IMF’s $1 Billion Program Expires, Denying Uganda Final Payout 📝 India admits serious side effects from covid jabs in new guidelines 📝 BMW, Toyota aim to make hydrogen-powered EVs mainstream with partnership 📝 Govt starts selling onions at ₹35/kg to contain rising prices

Today's Headlines from : *Economic Times* 📝 MHA issues new fund norms for 'recovery, reconstruction' after 15th Finance Commission's suggestions 📝 OPEC+ agrees to delay October oil output hike for two months, say sources 📝 WACR drops to 6.49% amid surplus liquidity, just below RBI repo rate 📝 Brookfield-backed Data InvIT raises nearly $1 bln in rare bond deal to fund ATC India purchase 📝 Singapore plans to invest huge amount in India in coming years: Piyush Goyal 📝 FSDC panel reviews macro developments 📝 Automobile sales declines 7.01 pc in August, above normal monsoon attributed to poor performance: FADA 📝 ADIA-backed India fund to seek $4 billion for infrastructure 📝 Govt issues allocation orders for three coal mines; expect to generate employment to nearly 40,560 people 📝 Railways achieves 653 MT freight loading by August of FY 2024-2025: Railway Board 📝 A backpacker hostel chain the Hosteller raises $4 million from V3 Ventures, others 📝 Rapido raises $200 million in funding led by WestBridge; valuation hits $1.1 billion 📝 Recycling startup RecommerceX raises $3.6 million in round led by Accel, Kae Capital *Business Standard* 📝 Jio marks 8th anniversary celebration with offers on select recharge plans 📝 Adani Group in talks with global banks to sell $1.5 billion of dollar bonds 📝 SBI focuses on JanDhan, trusts, societies to mobilise incremental deposits 📝 Amazon set to exceed $13 billion in Indian exports by end of 2024 📝 Companies raise concerns over subsidy refund in proposed ELI scheme 📝 Switzerland govt submits EFTA-India trade agreement to Parliament 📝 Irdai asks insurance companies to integrate IT systems with Digilocker 📝 India becomes top weight in MSCI EM Index, surpassing China for first time 📝 Sebi sets up new expert group of 22 members on listing obligations 📝 Demat accounts hit fresh high in August, surpass 171 million mark 📝 Meta, Telangana govt partnership for e-gov, citizen svcs leveraging AI tech *Financial Express* 📝 EaseMyTrip enters into electric bus manufacturing segment, announces launch of Easy Green Mobility 📝 SCOPE infuses $1 million in Goodeebag to accelerate expansion, market presence 📝 Govt steps up MSP operations for pulses; assured purchases in 76 districts across 12 states 📝 Contraction in states’ capex continues, down 17% in April-July 📝 Flybig to start seaplane operations in Andaman and Nicobar 📝 Festive hiring to surge 20% in 2024; e-comm, logistics, q-commerce lead in job creation 📝 Coal India aims to add 5-GW green energy capacity by 2028 📝 Edtech sector sees 87% decline in funding since 2021 *Mint* 📝 Dish Network in Talks With Investors to Settle Lawsuit 📝 IMF’s $1 Billion Program Expires, Denying Uganda Final Payout 📝 India admits serious side effects from covid jabs in new guidelines 📝 BMW, Toyota aim to make hydrogen-powered EVs mainstream with partnership 📝 Govt starts selling onions at ₹35/kg to contain rising prices.

Economic Newsmakers of the day : 📝 MHA issues new fund norms for 'recovery, reconstruction' after 15th Finance Commission's suggestions 📝 OPEC+ agrees to delay October oil output hike for two months, say sources 📝 WACR drops to 6.49% amid surplus liquidity, just below RBI repo rate 📝 Brookfield-backed Data InvIT raises nearly $1 bln in rare bond deal to fund ATC India purchase 📝 Singapore plans to invest huge amount in India in coming years: Piyush Goyal 📝 FSDC panel reviews macro developments 📝 Automobile sales declines 7.01 pc in August, above normal monsoon attributed to poor performance: FADA 📝 ADIA-backed India fund to seek $4 billion for infrastructure 📝 Govt issues allocation orders for three coal mines; expect to generate employment to nearly 40,560 people 📝 Railways achieves 653 MT freight loading by August of FY 2024-2025: Railway Board 📝 A backpacker hostel chain the Hosteller raises $4 million from V3 Ventures, others 📝 Rapido raises $200 million in funding led by WestBridge; valuation hits $1.1 billion 📝 Recycling startup RecommerceX raises $3.6 million in round led by Accel, Kae Capital 📝 Jio marks 8th anniversary celebration with offers on select recharge plans 📝 Glenmark to pay $25 million as part of settlement with US authorities 📝 SC directs Sahara to deposit Rs 1,000 cr, allows JV to develop Mumbai land 📝 Adani Group in talks with global banks to sell $1.5 billion of dollar bonds 📝 SBI focuses on JanDhan, trusts, societies to mobilise incremental deposits 📝 Amazon set to exceed $13 billion in Indian exports by end of 2024 📝 High-level delegation of US pension funds to visit India next week 📝 Companies raise concerns over subsidy refund in proposed ELI scheme 📝 Switzerland govt submits EFTA-India trade agreement to Parliament 📝 Irdai asks insurance companies to integrate IT systems with Digilocker 📝 India becomes top weight in MSCI EM Index, surpassing China for first time 📝 Sebi sets up new expert group of 22 members on listing obligations 📝 Demat accounts hit fresh high in August, surpass 171 million mark 📝 Meta, Telangana govt partnership for e-gov, citizen svcs leveraging AI tech 📝 EaseMyTrip enters into electric bus manufacturing segment, announces launch of Easy Green Mobility 📝 SCOPE infuses $1 million in Goodeebag to accelerate expansion, market presence 📝 Contraction in states’ capex continues, down 17% in April-July 📝 Flybig to start seaplane operations in Andaman and Nicobar 📝 Festive hiring to surge 20% in 2024; e-comm, logistics, q-commerce lead in job creation 📝 Coal India aims to add 5-GW green energy capacity by 2028 📝 Edtech sector sees 87% decline in funding since 2021 📝 Dish Network in Talks With Investors to Settle Lawsuit 📝 India admits serious side effects from covid jabs in new guidelines 📝 BMW, Toyota aim to make hydrogen-powered EVs mainstream with partnership 📝 Govt starts selling onions at ₹35/kg to contain rising prices.

**Daily Fin-shorts/headlines dated 1 Oct 2024** **ECONOMIC NEWS** - India's core sector output declines by 1.8% in August 2024, raising concerns over industrial growth. - The central government officially notifies the PM Electric Drive (E-DRIVE) subsidy scheme with an outlay of ₹10,900 crore to accelerate EV adoption across the nation. **INTERNATIONAL NEWS** - President Joe Biden approves $567 million in defense support for Taiwan, signaling strong US-Taiwan ties amid regional tensions. - The World Bank approves a $1.57 billion loan for Nigeria to boost its economic reforms and infrastructure development. **CORPORATE NEWS** - BharatPe settles its long-standing dispute with former co-founder Ashneer Grover, bringing closure to the high-profile legal battle. - IL&FS appoints Nand Kishore as its new Chairman and Managing Director to spearhead the company's restructuring efforts. **REGULATORY & GOVERNMENT NEWS** - Sebi imposes a ₹10 lakh fine on Anand Rathi for stockbroker rule violations. - The Securities and Exchange Board of India (Sebi) introduces a new asset class to offer greater flexibility to fund managers, catering to investors with higher risk tolerance. - SEBI clears the Mutual Funds Lite (MF Lite) framework for fund houses launching passively managed schemes. - NPCI International to develop a UPI-like payment platform in Trinidad and Tobago, expanding India's fintech influence globally. **NATIONAL NEWS** - Air Chief Marshal AP Singh takes over as the Chief of the Air Staff, marking a new chapter in India's defense leadership. - Union Minister Nirmala Sitharaman chairs a meeting in Itanagar to review the performance of seven Regional Rural Banks in the North East region. - Launch of BharatGen: The first government-funded Multimodal Large Language Model initiative, aimed at advancing AI research in India. - RBI flags irregularities in gold loan practices, urging banks and NBFCs to tighten their policies. **SPORTS NEWS** - India triumphs in the SAFF U-17 Football Championship, defeating Bangladesh 4-2 in the final held in Thimphu, Bhutan. - In the Junior World Wushu Championship, India secures seven medals, including two golds, in Brunei. **AWARDS & HONOURS** - Legendary actor Mithun Chakraborty to be honored with the prestigious Dadasaheb Phalke Award for his lifetime contribution to Indian cinema. **MARKET & FINANCIAL NEWS** - Sebi levies a total of ₹40 lakh in fines on eight entities for non-genuine trades in the illiquid stock options segment on the BSE. - The BSE and NSE announce revisions to their transaction fees, effective from October 1, 2024. - RBI Deputy Governor Swaminathan urges Small Finance Banks to capitalize on the unified lending interface to boost their growth trajectory.

What do names like RBI [ Reserve Bank of India ] , TRAI [ Telecom Regulatory Authority of India ] , RERA [ Real Estate Regulatory Authority ] and SEBI [ Securities and Exchange Board of India ] mean in our day to day lives ? They are known as Regulators . Regulators assume immense significance in a developing country like India for ushering in a more inclusive, transparent, and sustainable growth on all fronts. 1. They protect consumer rights by bringing in stability and strangulating monopolistic tendencies that instill confidence . 2. By enforcing quality, particularly standards, they attract inland and foreign investments that feed growth in economic activities and employment. 3. Third, regulators encourage financial inclusion, infrastructure building, and export competitiveness. Few of the lesser known regulators are MCI [ Medical Council of India ] , CERC [ Central Electricity Regulatory Commission ], FSSAI [ Food Safety and standards Authority of India ]. The Real Estate (Regulation and Development) Act, or RERA, became mandatory in India on May 1, 2017. From this date, all real estate projects and real estate agents were required to register under RERA to ensure transparency, protect buyers, and bring accountability to the real estate sector. Securities and Exchange Board of India (SEBI) is the primary regulator for mutual fund investments. SEBI sets rules and guidelines for mutual fund companies to ensure they operate transparently and fairly, protecting the interests of investors. Additionally, the Association of Mutual Funds in India (AMFI) plays a supporting role by promoting ethical practices and investor education, though it is not a regulatory authority like SEBI. 𝟭. 𝗖𝗹𝗲𝗮𝗿 𝗖𝗮𝘁𝗲𝗴𝗼𝗿𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆: SEBI has categorized mutual funds (equity, debt, hybrid, etc.) with standardized characteristics. 𝟮. 𝗨𝗻𝗶𝗳𝗼𝗿𝗺𝗶𝘁𝘆 𝗔𝗰𝗿𝗼𝘀𝘀 𝗠𝘂𝘁𝘂𝗮𝗹 𝗙𝘂𝗻𝗱 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀: By setting guidelines for fund types, SEBI ensures that similar schemes from different mutual fund companies are aligned in structure and strategy. 𝟯. 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿 𝗣𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆: SEBI's guidelines require mutual funds to rebalance portfolios regularly and disclose all relevant information, promoting accountability and protecting investors from misleading practices. Oct 2017, all the existing mutual funds were regulated and classified under broad categories. Several MF's were merged or stopped to meet the criteria. This particular step was very pivotal and has bought high level of standardization and inspired confidence in MF industry.

Today's Headlines from : *Economic Times* 📝 Volkswagen plans cheaper battery model cars 📝 Melinda French Gates to give $1 billion for women's rights 📝 Govt bodies, banks to use 160, 161 for calls 📝 IRCTC Q4 net profit rises 2% YoY to Rs 284 cr: revenue up 20% 📝 RBI launches PRAVAAH, Retail Direct mobile app and FinTech Repository 📝 Cost overruns in central government projects rise to a 12-month high in April 📝 GIC Re Q4 Results: Net profit rises 3% to Rs 2,642 crore 📝 Hindalco's Novelis files papers for US IPO, targets up to $12.6 billion valuation 📝 India major gainer of China+1, exports to soar to $835 billion by 2030: Nomura 📝 Mixed reality content platform Flam raises Rs 38 crore in funding 📝 Infra.Market raises $50 million in funding from Mars Unicorn Fund at $2.5 billion valuation 📝 AbleCredit raises $1.25 million in funding round led by Merak Ventures 📝 Climate tech startup Cloover raises $114 million in seed funding *Business Standard* 📝 FPIs turn net debt buyers in May ahead of JP Morgan index inclusion 📝 Reliance signs deal with Russia's Rosneft to buy oil in roubles: Report 📝 360 One bets big on health care, technology, and financial services 📝 ABFRL Q4 results: Net loss at Rs 266.35 crore, revenue at Rs 3,406.65 cr 📝 Adani Enterprises gets board nod to raise Rs 16,600 crore via QIP 📝 LIC eyes double-digit FY25 premia growth and health insurance foray 📝 OpenAI sets up safety committee led by CEO as it starts training new model 📝 Brigade Q4 results: Profit up 234%, revenue rises 102% on strong demand 📝 GST Council's fitment committee likely to consider dropping 12% slab 📝 MCA working on developing SOPs for FTA strategy, trade negotiation 📝 Bank credit growth to moderate to 14% in FY25 after robust growth: CRISIL 📝 Cosmos Co-operative Bank halts acquisitions; targets organic growth *Financial Express* 📝 Display manufacturing needs special attention, says ICEA 📝 Telcos seek six-year moratorium on new spectrum purchase 📝 WABAG secures 5 year operation & maintenance contract of Al Duqm Desalination Plant in Oman 📝 BHEL signs Technology Transfer Agreement with Bhabha Atomic Research Centre for 50 kW alkaline electrolyser system 📝 Govt to integrate data repositories to curb GST evasion, fraud 📝 Sebi issues framework for subordinate units in InvITs 📝 Benchmark bond yield stays below 7% on positive cues *Mint* 📝 Russia Plans Tax Hikes on Businesses, Wealthy as War Costs Mount 📝 Oil Recovers From Selloff Amid Escalating Middle East Tensions 📝 Care Ratings downgrades SP Group entity's debt 📝 Shell focuses on enabling LNG-based mobility in India, set to foray into CBG 📝 360 One launches secondaries fund with a ₹4,000-crore target corpus 📝 Heatwave: IMD issues 2-day ‘Red Alert’ for 6 states; monsoon to hit Kerala soon 📝 India announces $1 million assistance to Papua New Guinea amid landslide.

Today's Headlines from :- *Economic Times* 📝 Modi govt releases Rs 1.4 lakh crore installment of tax devolution to states 📝 Sebi junks rule to freeze Demat a/cs, MF folio rule for non-submission of nomination 📝 Bank of India acquires over 6 pc stake in CCIL IFSC 📝 Apple brings ChatGPT to iPhone, unveils Apple Intelligence 📝 ISRO's Aditya-L1 spacecraft's two onboard instruments capture solar fury 📝 Vehicle registrations rise by a modest 3 per cent in May 📝 BPCL plans to set up new refinery for Rs 50k cr 📝 GAIL announces Rs 60,000 crore ethane capex 📝 RE firm Candi Solar secures USD 38 mn funding 📝 NBFC Arthan Finance raises Rs 50 crore in equity funding 📝 Ice cream brand Hocco secures Rs 100 crore, valuation hits Rs 600 crore *Business Standard* 📝 Pizza chain Domino's plans to operate 4,000 outlets in four years 📝 Blackstone mops up Rs 6,736 crore from 15.1% stake sale in Mphasis 📝 Life insurance industry's new business premium grew 15.5% in May 📝 Cognizant Technology to acquire Belcan for $1.3 bn in cash and stock 📝 Reliance Power becomes debt free on standalone basis; clears pending dues 📝 Former upGrad executives Kadekar, Konwar launch The Leadership Project 📝 SAIL-Bhilai supplies 4,000 tonnes of heat-treated rails to Railways 📝 HCLTech launches Enterprise AI Foundry to streamline, scale enterprise AI 📝 World Bank working paper advocates increased devolution for Panchayats 📝 Nabard may raise Rs 30,000 crore through bonds in FY25, says CRISIL *Financial Express* 📝 Chip industry to face crunch of 300,000 professionals by 2027: Teamlease study 📝 Apprenticeship scheme takes off as govt pushes DBT, higher industry participation 📝 Nirmala Sitharaman reappointed as Finance Minister 📝 Havells partners with Jumbo Group for kitchen appliances in UAE 📝 Govt okays Rs 20,000-crore cash transfer to farmers 📝 May equity MF inflows surge 83% despite poll volatility *Mint* 📝 Europe in Talks to Keep Russia-Ukraine Gas Pipeline Flowing 📝 Homeownership Costs in the US Jumped 26% Since 2020 📝 Oil prices surge 2% to reach one-week high, brent crude at $80.98/bbl 📝 Centre plans stringent policy measures for reducing pulses and edible oil import 📝 New govt to carry forward key IT policies to adapt to evolving digital landscape 📝 SEBI mulls boosting NRI/ OCI participation in IFSC-based FPIs.

Today's Headlines from : *Economic Times* 📝 Federal Reserve officials signal concern over stalling inflation progress, minutes show 📝 Icra revises banking sector outlook from positive to stable 📝 US Treasury yields spike after inflation report, 10-year hits 4.5% 📝 Tata Motors global wholesales up 8% at 3,77,432 units in Q4 FY24 📝 DCM Shriram gets Rs 100 cr sustainable finance from Standard Chartered Bank 📝 DIPAM rejects PFC-REC debt resolution proposal for KSK Mahanadi project 📝 Highway toll mopup rises 35% to 5-year high of ₹64,810 crore 📝 SIP contribution at all-time high of Rs 19,271 crore in March 📝 NIIF invests $200 million in Ibus to boost digital infrastructure in India 📝 Cornerstone Ventures launches second fund with $200 million corpus 📝 AI SaaS cloud startup Neysa bags $20 million from Matrix, Nexus, others *Business Standard* 📝 DMRC not required to pay Rs 8,000 crore to Reliance Infra arm, says SC 📝 ReNew constructs 1.94 GW of renewable energy assets, hits 10 GW in capacity 📝 BYD got €3.4 bn in aid from Chinese govt to dominate EVs, finds study 📝 MaxPetZ to use 3D printing for reconstructive surgeries in veterinary field 📝 IndiGo pips Southwest to become world's 3rd most valuable airline by mcap 📝 PLI incentives for FY24 remain at Rs 6,800 crore, far from govt estimates 📝 WTO pares down projected merchandise trade volume growth to 2.6% for FY24 📝 FPIs in Mauritius to face greater scrutiny after tax treaty revision 📝 Banks prefer high premium corp, state bonds over G-secs in HTM portfolio 📝 India equity capital market issuances hit record at $ 14.8 billion 📝 Govt approves 11 EV manufacturers for receiving incentives under EMPS *Financial Express* 📝 CPSEs invest Rs 8.05 trillion in FY24, exceed target by 9% 📝 Bridgestone aims 25% share in the aftermarket tyre segment 📝 Infosys, Intel collaborate to accelerate enterprise growth and efficiency with Gen AI 📝 Gensol Engineering reports order book of Rs 1783 crore for FY25, CMD says orders to be executed in next 12 months 📝 Airtel to see 38% growth in Arpu over next three years 📝 World trade to rebound in 2024, grow 2.6%: WTO 📝 Air India plans international network expansion 📝 In a first, Sensex sizzles past 75,000-mark *Mint* 📝 Oil prices drop on high US crude stock, fuel inventories; Brent at $89/bbl 📝 US recalls hand sanitisers containing methanol over risk of blindness, coma 📝 Adani Total Energies E-Mobility partner with MG Motor India 📝 Warburg Pincus picks up controlling stake in Chennai's Appasamy for $300 mn 📝 CBSE to launch pilot for national credit framework for classes 6, 9 and 11 📝 SAS India Partners with P P Savani University.

Investors' interest expected to increase in corporate bonds also Capital markets regulator Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch said on Wednesday that India's inclusion in global bond indices is expected to increase investor interest in corporate bonds as well. Addressing a conference organized by the Securities and Exchange Board of India (SEBI) and its education-focused capacity-building body NISM, Ms. Buch said the regulator will further improve the minimum investment size of real estate investment trusts (REITs) and infrastructure investment trusts. It will reduce it to enable the common people's participation in it. JPMorgan Chase & Co. and Bloomberg have announced the inclusion of securities issued by the Government of India in their indices. This is expected to bring an inflow of up to $40 billion from foreign investors into the Indian bond market. Ms. Buch said the younger generation looking for wealth creation tools should look at REITs and InvITs, which help an investor take partial ownership in prime assets like real estate and infrastructure. Referring to the strategies being adopted to make these investment instruments more popular, she said, 'The level of interest of investors, especially foreign investors, in the InvIT sector is very significant.' Ms. Buch said that SEBI has already reduced the minimum investment amount in such asset classes as the risk in such assets has been reduced. She also said that we have continuously brought it down and we intend to bring it down further and make it very affordable. At the same event, SEBI whole-time member Ananth Narayan said that the regulator will launch a survey on the level of awareness of investors and the means of obtaining information.

*News Headlines from Business News Agencies:* July 04, 2024 *Business Standard* 📝 Govt to hike rural housing subsidies to $6.5 bn after poll setback: Report 📝 Poverty declines to 8.5% in 2022-24 from 21.2% in 2011-12: NCAER paper 📝 LatentView Analytics buys 70% stake in Decision Point for $39.1 mn 📝 Nvidia exe bats for culturally aligned, multimodal AI models for India 📝 Vodafone, Virgin Media to continue network sharing amid competition woes 📝 Family offices rise to 300 since 2018, Tier-II, III cities in demand: PwC 📝 Anand Mahindra asks industry to boost capital investment to 'ride the tide' 📝 Mcap of BSE-listed firms hit record high of Rs 445.43 trn amid record rally 📝 MP budget FY25 gets 16% hike, boost to women welfare, no new tax 📝 PwC names in-house executive as its new China head amid regulatory scrutiny 📝 US urges India to delay health certificate mandate for food imports by 6 mt 📝 Govt directs utilities to procure $33 bn equipment for coal power boost *Economic Times* 📝 Star Health aims to double Gross Written Premium to Rs 30,000 cr in 4 yrs: MD 📝 Tyre makers facing severe crunch in domestic natural rubber availability: ATMA 📝 Indiabulls Housing Finance rebrands itself, name changed to Sammaan Capital 📝 Sebi notifies institutional mechanism for brokers to prevent mkt abuse 📝 SECI plans 500-MW solar thermal capacity tender by FY25-end: CMD 📝 Mitsubishi UFJ's talks for stake in HDFC Bank said to hit snag 📝 India's rating upgrade possible in next 24 months if fiscal deficit falls to 4%: S&P 📝 Law amendments approved by GST Council to be incorporated in the Finance Bill: CBIC Chief 📝 India-based crypto exchange Coin DCX acquires Dubai's BitOasis 📝 Renewable energy firm ACME Solar Holdings files papers for Rs 3,000-crore IPO 📝 Indian officials visit Foxconn iPhone plant, question executives about hiring 📝 India office property market surges with record gross leasing in 2024 first half *Mint* 📝 Revenue of India’s top 18 states likely to grow at 8-10% in FY25: Crisil 📝 India's food services market expected to nearly double to ₹9 trillion by 2030 📝 Emcure Pharma IPO: Issue fully subscribed on day 1; QIB remains unsubscribed 📝 India ranks 16th globally in terms of internet speeds 📝 North-West India likely to receive heavy rains till Sunday: IMD 📝 Unacademy to record best year of growth ignore rumours: CEO after layoffs round 📝 India's services PMI recovers in June on rise in domestic, international orders 📝 RBI grants Payment Aggregator license to SabPaisa (SRS Live Technologies) 📝 IPO-bound Unicommerce eyes sustainable growth with new strategies: CEO 📝 Lighthouse Funds in early talks to sell stake in footwear maker Aqualite 📝 Apple poised to get OpenAI board observer role as part of AI pact