MG Motor retail sales up 64% in November at 4,079 units

The automaker had sold 2,481 units in the same month last year.

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DeHaat raises $60 million from investors including Temasek

In a statement, DeHaat said "it has raised USD 60 million in a new financing round." Sofina Ventures and Temasek co-led the Series E funding, with other existing investors RTP Global Partners, Prosus Ventures and Lightrock India also participating in the round.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/dehaat-raises 3660-millioninvestors-including-temasek_16760141.html

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

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Nifty at life-time highs – Time to stay put or book the gains?

India is a fundamentally strong long-term growth story. Therefore, every opportunity should be used to buy on decline and not sell on rally

from Moneycontrol Business News https://www.moneycontrol.com/news/business/nifty-at-life-time-highs-–-time-to-stay-put-or-bookgains_16758901.html

Uber adds rear seat belt reminder, SOS integration with local police

The ride-hailing app has launched new tech features in India to improve customer safety and security

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Vikram S Kirloskar, Vice Chairperson of Toyota Kirloskar Motor, passes away

Vikram Kirloskar dies of heart attack at the age of 64. His funeral will be at Hebbal Crematorium on November 30

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MC Insider: Skipping call option, patience wearing thin, super difficult super app, eyeing early stage bucks, and more

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Oil minister bats for green hydrogen viability amid global energy crisis

Earlier this year in October India pitched for a global alliance on biofuels among members of the group of 20 major economies.

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Delhi to get India#39;s first global hub airport

The project of making IGIA a global hub airport is a “work in progress”, with both Scindia and aviation secretary Rajiv Bansal having held several meetings with stakeholders on the issue, according to reports.

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DIAL on course to be India#39;s first global hub airport

The project of making IGIA a global hub airport is a “work in progress”, with both Scindia and aviation secretary Rajiv Bansal having held several meetings with stakeholders on the issue, according to reports.

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Aditya Birla Group’s TMRW to invest Rs 500-600 crore in 10-12 D2C brands by year end

The house of brands venture aims to become a $1 billion business and has already invested around Rs 290 crore on eight brands.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/aditya-birla-group’s-tmrw-to-invest-rs-500-600-crore10-12-d2c-brands-by-year-end_16757251.html

Top cryptocurrency news on November 29: Over $270 million in crypto stolen in the UK, BlockFi files for bankruptcy, El Salvador’s Nayib Bukele sued, and more

A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day

from Moneycontrol Business News https://www.moneycontrol.com/news/business/top-cryptocurrency-newsnovember-29-over-36270-millioncrypto-stolenthe-uk-blockfi-files-for-bankruptcy-el-salvador’s-nayib-bukele-suedmore_16757141.html

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

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Aditya Birla Fashion Retail stock in focus after subsidiary TMRW announces new tie-ups

TMRW has partnered with eight new digital-first brands across various lifestyle and retail categories

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C4D Partners gets Sebi#39;s nod to launch $50 million fund to invest in Indian startups

C4D Partners had its first close of USD 30.3 million in 2018 for its Asia Fund.

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Dhruva Space looking to raise $20-25 million in 2 years for satellite infra facilities

Dhruva Space launched two amateur radio communication nanosatellites as part of ISRO#39;s PSLV C54 mission. The mission, named Thybolt Mission, witnessed the launch of the company#39;s nanosatellites, on 26 November.

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MC Insider: Mutual fund talent fight, wedding season for Dalal Street vets, block deal rain, and more

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Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

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Fuel Prices on November 27: Check petrol, diesel rates in Delhi, Mumbai and other cities

In Delhi, petrol and diesel cost Rs 96.72 per litre and Rs 89.62 per litre, respectively. In Mumbai, petrol is being sold for Rs 106.31 a litre and diesel for Rs 94.27 a litre

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The Drive Report: 2022 Range Rover

The evolution of the world’s greatest off-roading luxury yacht appears to have reached its zenith. Again.

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RBI rejects Paytm plea for payment aggregator licence

The central’s bank response also said that PPSL is required to take to re-submit its PA application with 120 calendar days, and outlined two steps to fulfil

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Toyota Innova Hycross unveiled in India; launch in January 2023

Toyota Innova Hycross had its global premiere last week in Indonesia. It is the first Innova model to ditch the diesel engine in favour of a petrol-hybrid powertrain.

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All-new Renault Duster based on CMF-B platform launching in India in 2024-25

A large chunk of this money is going to be funnelled into introducing a new platform in the country.

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Creanovation Technologies raises $2 million from Inflection Point Ventures

CTPL provides end-to-end technology support to educational institutes and platforms at various levels.

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Collateralised fund obligations: How private equity securitised itself

Stakes in hundreds of buyout groups’ companies have been bundled into investments with strong credit ratings

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Asia’s richest man makes a $5 billion bet to silence debt-obsessed critics

An equity injection of this size is expected to help the conglomerate deleverage and Bloomberg Intelligence sees a successful equity raise across the group supporting the companies’ dollar bonds.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/asia’s-richest-man-makes365-billion-bet-to-silence-debt-obsessed-critics_16753941.html

USFDA designates Cipla#39;s Goa plant as #39;Official Action Indicated#39;

According to the US Food and Drug Administration (USFDA) definition, Official Action Indicated (OAI) means "objectionable conditions were found and regulatory administrative sanctions by FDA are indicated" during inspections.

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EvolutionX Debt Capital commits $35-40 million investment in udaan

While both the companies did not disclose the corpus, sources aware of the development said that the commitment is in the range of USD 35-40 million (about Rs 286-326 crore).

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Eli Lilly introduces medication for early stage breast cancer

The company has introduced Ramiven in strengths of 50 mg, 100 mg, 150 mg and 200 mg, for treating early breast cancer (EBC).

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Paytm’s 75% slump is world’s worst for large IPOs in a decade

The company, whose founder compared its challenges to those faced by Tesla Inc. shortly after the listing, has seen its stock erase 75% of its market value one year after its $2.4 billion offering, the largest on record at the time in India.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/paytm’s-75-slump-is-world’s-worst-for-large-iposa-decade_16752331.html

India will stay ahead of the curve amid global economic slowdown: Stellantis CEO Carlos Tavares

The country is also the best placed "superpower" that can leverage the opportunity arising out of the tension between the Western world (US and Europe) and China, he said here in an interaction.

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Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

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Akshaya Patra gala raises $2 million for mid-day meal scheme in India

The 2022 Gratitude Gala in Newark, organised by the Akshaya Patra Foundation USA#39;s Tri-state Volunteer Chapter, was attended by over 400 business, non-profit and philanthropic community leaders and professionals, it said in a statement.

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New York state partially bans cryptocurrency mining powered by fossil fuels

The law imposes a two-year moratorium on coal plants that house proof-of-work cryptocurrency mining to “balance economic development and climate goals”. It does not affect companies that have already filed paperwork to operate in New York

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Allied Blenders IPO: Rs 700 cr of total fresh issue to go towards debt repayment, says Bikram Basu

Bikram Basu, VP Marketing and Strategy at Allied Blenders Distillers, said that Rs 300 crore of the Rs 1,000 crore raised via fresh issue will go towards capacity expansion and brand building

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MC Insider: Match fixing, finance head becomes fall guy, back with a bang, deal strategy overhaul, and more

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Top cryptocurrency news on November 23: Bitcoin hits 2-year low, Bankrupt FTX has $1.2bn in cash, Binance seeks funds and more

A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day

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Top cryptocurrency news on November 23: Bitcoin hits 2-year low over FTX contagion fears, Bankrupt FTX has $1.2bn in cash, Binance seeks funds from middle-east and more

A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day

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Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

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Gautam Adani’s flagship firm weighs FPO to raise as much as $2.4 billion

Billionaire Gautam Adani’s conglomerate is working with advisers on the follow-on issue and could sell the shares as soon as next year, the people said, asking not to be identified as the information is private. The sale could even raise as much as $2.4 billion, one of the people said.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/gautam-adani’s-flagship-firm-weighs-fpo-to-raise-as-much-as-3624-billion_16748521.html

As free trade deal with India squeaks through Aussie parliament, here#39;s all you need to know

Indian parliament is yet to pass the Australia-India Economic Cooperation and Trade Agreement that was signed in April this year

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Volatility in internet stocks was expected, path to profitability is key: Taurani of Elara Securities

Speaking to CNBC-TV18 on the lock-in period expiring of new-age companies#39; like Nykaa and Zomato, Taurani was firm that “path to profitability” is key

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Yulu Bikes to spend funding on RD, to expand fleet, product lineup

Chief financial officer Anuj Tewari says raising funds from top financial institutions through the debt route marks a validation of the company#39;s business model

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Most Indians tag fantasy sports as online gambling, 91% seek ban on SMS publicity: Survey

A survey by LocalCircles noted that platform operators term rummy poker, fantasy sports as game of skill but most Indian citizens believe they are a game of chance with financial risks involved.

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Top cryptocurrency news on November 22: All that’s new with FTX, 50% Bitcoin address in loss, crypto token an ‘extreme risk’, and more

A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day

from Moneycontrol Business News https://www.moneycontrol.com/news/business/top-cryptocurrency-newsnovember-22-all-that’s-newftx-50-bitcoin-addressloss-crypto-token‘extreme-risk’more_16747041.html

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

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MC Insider: Truth about bank scion’s rise, Chennai Petro King in action, HNI buzz in markets, bond party still on and more

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Rise in Indian corporate lending signals new investment cycle

That international slowdown will limit the strength of the new Indian cycle, economists say.

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Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

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Sovereign investors favour US, India as top 2022 investment markets: Study

Sovereign investors, which now manage some $33 trillion in assets, have also seen a rapid rise in allocations to private markets, though this development might start to slow with fixed income back in favour, the Invesco Global Sovereign Asset Management Study said.

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