News Bulletin: 1/8/22

▫️PE firms Carlyle and Advent to invest $1.1 billion in Yes Bank for 10% stake each.

▫️Ruppee regained some of its lost ground and closed at 79.26 in the last trading session.

▫️ Amazon moved to Supreme Court on Future Retail deal.

▫️Share of SUV in total passenger sales jumped to 41% in FY22.

▫️Core sector growth slowed to 12.7% in June from 19.3% in May.

▫️Limited risks for India from Covid curbs in China: Fitch

▫️Ola electric and Reliance Industries to manufacture batteries under PLI scheme.

▫️ India sales doubled for Apple in FY22.

▫️Kalpataru Power bagged railway electrification order worth Rs 1,842 crores.

▫️Ashok Leyland to invest $200 million in 2 years for EV.

▫️Indian stock market posted 8.5% return in July.

▫️ Inflation in Europe touched record high of 8.9% in July.

▫️Centre urged states to clear dues of power distribution companies worth Rs 2.5 trillion.

▫️ Mahindra’s new Scorpio received 1 lakh bookings in 30 minutes.

▫️China announced military exercise near Taiwan.

▫️RBI likely to hike repo rate by 35-50 bps in this week’s policy meet.

▫️Centre has reduced States’ borrowing limit by Rs 41,000 crore.

▫️Monsoon above normal so far: Met

▫️Centre sanctioned special Rs 20,000 capex loans for infrastructure development to States.

▫️ Chinese factory activity sees decline in June.

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