News Bulletin: 11/8/22

▫️ Government has decided to end domestic airfare cap from August 31 onwards.

▫️ RBI issued strict norms for digital lending ecosystem.

▫️JSW Energy acquired Mytrah Energy’s 1,753 MW renewable energy portfolio for Rs 10,530 crore.

▫️India and EU to hold free trade agreement talks in October.

▫️ Government has extended its flagship housing program i.e. PMAY till 2024.

▫️ India is expected to be Asia’s strongest economy in FY23: Morgan Stanley

▫️ Hindalco earned all time high profit of Rs 4,119 crore in June quarter.

▫️ Small cars market share continued on decline mode and reached single digit in. FY22.

▫️ LIC offloaded 2% stake in M&M for Rs 2,222 crore.

▫️JSW Group has partnered with ElectricPe to set up EC charging infrastructure across its office network.

▫️Tata Power has joined hands with JP Infra to set up 60 EV charging facility across its projects.

▫️US inflation remained flat on month on month basis in July, due to low energy prices.

▫️ China’s factory inflation reached 17 month low in July .

▫️ Icra may lower credit ratings on Rs 35,000 crore of debt, after guidance by RBI. Power, healthcare and infrastructure debt to be most affected.

▫️ Vedanta plans capex of $3 billion in 2 years.

▫️ Brent Crude Oil price fell below $95 on supply boost.

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