Banking News and Updates 21st June 2024

Economic Times

 

📝 Overseas Indians parked $ 1 billion in NRI deposits in April

 

📝 Hinduja Group starts bond sale process to fund Reliance Capital buy

 

📝 Brent rises toward $86 as cooling US jobs market buoys rate cut hopes

 

📝 Centre monetizes assets worth Rs 3.85 lakh crore; Coal and Roads ministry top contributors

 

📝 Formal job creation under EPFO at 72-month high in April at 1.89 million

 

📝 Tata Motors launches digital marketplace ‘Fleet Verse’ for commercial vehicles

 

📝 Tata Communications closes maiden sustainability loan of $250 million from ANZ, DBS Bank and EDC

 

📝 Gokaldas to invest Rs 300 Cr in Maharashtra fabric unit ahead of possible buyout

 

📝 Housing sales likely to fall 2 pc in Apr-June to nearly 1.2 lakh units across top 9 cities

 

📝 Telco revenues surged to Rs 2.3 lakh crore in FY24: CLSA

 

📝 Revenue automation startup MeetRecord raises $2.7 million funding from SWC Global, others

 

📝 Fund mop-up by Indian startups slip 13% YoY to $4.1 billion in H1CY24: Report

 

📝 Skincare startup Asaya raises Rs 12 crore in seed funding

 

Business Standard

 

📝 North East SFB to increase fixed deposit rate by 50 bps to 9.25%

 

📝 Sebi orders Religare Enterprises to process Burman family’s open offer

 

📝 Vedanta Group biggest wealth creator in FY25; adds over Rs 2.2 trn in mcap

 

📝 Accenture narrows full-year guidance; Q3 revenue declines 1% to $16.47 bn

 

📝 India ranks sixth globally in deeptech startup ecosystems: Nasscom

 

📝 FinTech sector leads with 30 startups in Future Unicorns worth $11.4 bn

 

📝 AI platform OrbitShift raises $7 million to expand product footprint

 

📝 Govt seeks exemption for sovereign funds from RBI’s AIF rules: Official

 

📝 General Atlantic, Asia Opportunities sell 4.9% stake in PNB Housing Fin

 

📝 Sebi tightens norms for IPO price discovery to curb manipulation

 

📝 EV maker Ola Electric secures market regulator Sebi approval for IPO

 

📝 Govt issues draft guidelines to curb unsolicited business messages, calls

 

📝 110 heatwave deaths, over 40K cases of heatstroke reported in India

 

📝 Rising deposit costs to weigh on NIMs, RoA of banks: CRISIL Ratings

 

📝 Indians’ funds in Swiss banks plunge 70% to hit 4-year low of Rs 9,771 cr

 

Financial Express

 

📝 India imported 8.3 MT steel in FY24, becomes net importer of the metal

 

📝 India to add 30 GW of power generation capacity in FY25: Icra

 

📝 Realty has Rs 14 trillion finance opportunity between 2024-26, says report 

 

📝 BT Group expands strategic partnership with ServiceNow to improve customer and employee experiences

 

📝 Bharti Airtel acquires 1% additional stake in Indus Towers as Vodafone Plc sold 18% equity

 

📝 Funding crunch continues to bite startups, down 13% in Jan-June

 

📝 JM Financial barred from debt public issues

 

Mint

 

📝 LatAm fintechs quadruple in past 6 years, with more room to grow

 

📝 Hertz Starts $750 Million Debt Sale to Bolster Balance Sheet

 

📝 Stanley Lifestyles IPO: Furniture maker garners ₹161 cr from anchor investors

 

📝 Indian Railways conducts successful trial run on world’s highest railway bridge

 

📝 Binance cleared to operate in India, subject to a $2.25-mn fine and compliance

 

📝 VC firm General Catalyst acquires Venture Highway to expand in India

 

📝 Infosys McCamish reports first revenue decline in eight years.