Today's Headlines 17.08.2024

*Economic Times*

📝 Telcos go slow on content spends; investment towards buying content falls 12% in FY24

📝 Army issues Rs 6,500 crore tender for buying 400 howitzers under Make-in-India

📝 Govt revises windfall gains tax on petroleum products, new rates effective from August 17

📝 JSW Cement files DRHP for Rs 4,000 crore IPO

📝 India facing acute shortage of natural rubber, prices soar

📝 India's forex reserves drop $4.8 bn from an all-time high, settling at $670.12 bn as of Aug 9

📝 Cabinet approves metro rail projects worth Rs 30,000 crore in Bengaluru, Thane, and Pune

📝 India's unemployment rate shows a marginal decline, falls from 6.7% to 6.6% QoQ

📝 Optiemus seeks Rs 400 crore to expand manufacturing operations

📝 After raising $50 million, SaaS startup Loginext liquidates assets to US entity for $250k

📝 Startup funding surges 170% YoY to $238 million this week

*Business Standard*

📝 RBI flags breach of regulations by some NBFC-P2P lending platforms

📝 E-scooter maker Ola Electric valuations hit $7 bn; up 75% over IPO price

📝 Promoters of Electronics Mart India divest 7.8% stake for Rs 689 cr

📝 Aurobindo Pharma arm gets warning letter from USFDA for Telangana unit

📝 US court asks Vedanta-backed Sterlite Tech to pay $96.5 mn to Prysmian

📝 Zoomcar narrows Ebitda loss in Q1 FY25, marks third profitable quarter

📝 Tata Capital Housing Finance to raise up to Rs 3,500 crore via NCDs

📝 Warburg Pincus buys majority stake in furniture fittings maker Ebco

📝 Only 21% money in bank accounts belongs to women, shows NSO data

📝 Commodity major Hindustan Zinc offer for sale gets bids for Rs 3,150 crore

📝 Niti Aayog calls for guidelines, e-KYC to check PMMY applicants background

 

*Financial Express*

📝 Kaynes buys land in Gujarat for chip unit

📝 FDI in food processing industry falls 30% to Rs 5037 crore in 2023-24

📝 Ambuja Cements completes acquisition of Penna Cement, PCIL now a subsidiary of company

📝 REC incorporates Rajasthan Power Transmission Project as its new wholly owned subsidiary

📝 1 in 5 under-construction homes stalled across 44 Indian cities in last 8 years: Report

*Mint*

📝 Interarch Building Products IPO: Firm mobilises ₹179 cr from anchor investors

📝 Smartworks Coworking Spaces files DRHP with SEBI to raise funds via IPO

📝 India imports $2.8bn crude oil from Russia in July, almost 40% of oil purchases

📝 India's share in US pharma market rises to 13.1 per cent, overtakes Switzerland

📝 Ecom Express files draft papers for IPO with SEBI.