02/12/2023
*π°Today's News Headlines*
*Economic Times*
π Cop28 Summit: UAE president announces $30 billion fund to bridge climate finance gap
π November GST revenue at Rs 1.67 lakh crore, up 15% YoY
π Passenger vehicle wholesales at highest-ever in November
π RBI, Bank of England ink pact on sharing info
π Govt scouts for advisor to manage Bharat Bond ETF's AUM worth Rs 50,000 crore
π IIFL Samasta to raise up to Rs 1,000 cr via bonds, offers up to 10.50% return per annum
π Credit metrics of India Inc likely to improve to 4.5-5 times in Q3 FY24: Icra
π India services exports rise 10.8% to $28.03 bln in October
π India's forex reserves up by $2.54 bn to $597.94 bn for the week ending Nov 24
π Adani Group plans $84 bln infra spend over next decade
π Best Agrolife acquires 99% stake in Kashmir Chemicals
π Healthtech startup Zyla raises $4 million funding led by Exfinity Venture Partners, others
*Business Standard*
π Ola Electric clocks highest registration of 30,000 scooters in Nov
π IT firm LTIMindtree selected as a strategic partner by Metasphere
π Zydus Lifesciences receives USFDA approval for Ivabradine tablets
π Indian refiners resume imports of Venezuelan oil, RIL seeks direct deal
π India's manufacturing PMI rises to 56 in November on easing prices
π UPI transactions mark new peak of Rs 17.4 trn in Nov, dip in volume
π November sees highest issuances of certificates of deposit in FY24
π MFs set to deploy Rs 1.5 trillion in equities for second straight year
π Railway ministry raises freight rates for transportation of automobiles
π Banks raised record Rs 40,895 crore through infra bonds in Apr-Nov
*Financial Express*
π GAIL files $1.8 bn arbitration claims against SEFE Marketing in London
π Indiaβs power consumption grows 8.5 per cent to 119.64 billion units in Nov
π Economists revise FY24 GDP forecasts by up to 0.8% after strong Q2
π Rabi sowing down 5% on late kharif harvest
π Indiaβs Oct-Nov sugar output down 11 pc to 4.32 million tonne: NFCSFL
π Drone startup Garuda Aerospace plans for IPO in June-July
*Mint*
π Centre puts e-commerce dark patterns on notice
π Siemens AG set to acquire 18% stake in Siemens
π HUL splits beauty and personal care biz to take on new-age brands
π States debt to remain high at 31-32 per cent of their GDP in FY24
π CBSE to scrap division, distinction in Class 10, 12 board exams
π Rupee gains 11 paise to end at 83.29 against US dollar
π Government cuts windfall tax on crude petroleum to βΉ5,000/tonne.