GOODWILL BUSINESS DIGEST

  • Corporate loan growth signals revival of economy: Banks are loosening their strings
  • Lapses at PNB go beyond Mumbai branch:
  • Bosch eyes Rs 1700 cr investment in IoT and AI.
  • Arvind to scale up Textiles business to Rs 1500 cr in 2023
  • GSK takes drug fight with Gilead to top, AIDS meet.
  • Hospitality firm OYO into Chinese market, expands in 26 new cities
  • OPPO enters the premium Handset Market with FindX
  • Hyundai teams up with Audi to boost hydrogen cars
  • Taj group wins bid for premium Delhi hotel Connaught in NMDC auction
  • Sirpur Paper Mills on the revival path,  NCLT backs JK Paper’s resolution plan
  • Full PF Withdrawal may face problems: Only 60 % maximum likely soon: EPFO
  • Power sector suffers due to assets going to NCLT; seeks regulatory leniency
  • E_Way Bill: Transporters can now use common enrolment No. across States.
  • Coal supply to power sector eases even as sponge iron, cement suffer
  • Peak GST Tax @ 28 % plus VAT likely for fuels.
  • Air India sale put off as there is no buyer: Sebi disallows AI
  • Anrak Aluminium steps up effort to revive Vizag refinery
  • VE Commercial vehicles with new launches, to regain share in LCV segment
  • India, the top flavour for German food firm Dr. Oetker; to launch new products
  • 21st Century Fox agrees to $ 71 Bn Disney bid: Bloomberg
  • Muthoot Fincorp, NSDC, to do 10,000 job-ready in 3 years
  • UAE Exchange to expand NBFC business under new brand Unimoni;
  • BOB partners with Accenture, IBM to drive growth through Technology
  • As rates rise, RBI buying brings in some respite in bond market.
  • L & T Finance eyes 30 % growth in Micro loans
  • Chennai based BankBazaar aiming for 600 % growth in international business
  • ARCs are not the solution to bad loans mess: May aggravate the issue:
  • Hinduja Leyland Fin. Revives IPO plan: Files papers with Sebi
  • Retail investors clamber on board Rites IPO, good response on day one: 60% done
  • IIFL Wealth Mgmt to raise Rs 745.71 Cr—issues 5.1 % Equity to Marquee Fin.
  • Rs 4 K Cr credit to Adani Wilmar by Std Chartered, DBS to buy Ruchi Soya
  • Next to Wipro, HCL Tech on buying spree-invests Bn. Dollars in IT companies
  • Jet inducts First of 150 Boeing 737 Max Planes
  • Lohia Auto industries forays into Nepal market
  • M& M launches TUV 300 Plus at Rs 9.59 lakh- 9 seater vehicle

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