News Bulletin: 9/2/22

News Bulletin

▫️Indian Banks wrote off bad loans worth ₹38,974 crore in Q3’FY22.

▫️Hyundai Pakistan’s derogatory tweet for Kashmir received strong retaliation from Indian Government. South Korean Finance Minister expressed regret and apology to Indian government.

▫️LIC may file DRHP today with SEBI for IPO.

▫️Tata Steel has put of plans to divest European businesses as they are self sustainable.

▫️Adani Power has dropped Rs 10,000 crore compensatory demand from Gujarat Urja Vikas Nigam Limited.

▫️Bank fraud cases have jumped to 1.45 lakh in FY21 from 1.35 lakh in FY20.

▫️ Government received Rs 914 crore from GAIL as dividend.

▫️Vedanta will not undertake any corporate restructuring.

▫️TVS Motors to roll out full portfolio of EVs in next 8 quarters.

▫️Ashok Leyland launched new CNG Goods Vehicle.

▫️SJVN has signed a MOU to develop 10,000 MW Solar Power Project in Rajasthan.

▫️Wockhardt gets approval to export 10 crore Sputnik vaccine.

▫️ Mahindra Lifespace to offer Rs 3-5 lakh health insurance to home buyers in its projects.

▫️Gautam Adani overtakes Mukesh Ambani as Asia’s richest person.

▫️RBI begins 3 day monetary policy meet to decide on key rates.

▫️New business premium of life insurance companies grew by 3% during January’22.

▫️ Treasury income of Banks fell due to sharp rise in government bond yields.

▫️Coin DCX, Bitcoin trading platform has claimed they have 1 crore users on its platform.

▫️Inox Green Energy files Rs 740 crore IPO papers.

▫️Spain ends mandate to wear masks.

▫️ Maharashtra is aiming at record sugar output this season.

▫️ According to Naukri job index hiring rose by 41% in January’2022.

▫️ European Union joins semiconductor chip race with an investment of $43 billion.

▫️ Domestic air traffic dipped 43% in January, due to spread of omicron variant.

▫️Zerodha becomes second largest shareholder of BSE after LIC.

▫️Tata Group has opted out of Rs 18,100 crore PLI scheme for EV batteries.

▫️Tata Steel to set up mini steel recycling plants.

▫️IDFC First Bank raised Rs 1,500 crore via Tier 3 bonds.

▫️Canada to introduce pricing reforms for drugs, this may help Indian pharmaceuticals firm.

▫️ BlackRock flags concern over accounting discrepancies in Spicejet.

▫️ Swiggy is in talks to acquire table booking app Dineout.

▫️PUBG Creator Krafton to build AI powered virtual humans.

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