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Retail sector's fall deepens in Q1FY24, says Nuvama; picks Titan, while cautions on Page Industries, Bata India Retail sector decline deepens in Q1FY24, companies hopeful for demand revival during festive period, according to Nuvama Institutional Equities. Top recommendations: Trent, Sapphire...

Namdhari’s eyes up to $30 mn for expansion Premium grocery retail chain Namdhari’s Agro Fresh Pvt. Ltd is looking to raise between $20 million and $30 million as it looks to scale beyond South India.

Go First lessor allowed to check engines This decision modified the NCLT’s 26 July order, which permitted Go First to use the leased aircraft, and noted that it does not approve the part of the NCLT order that restrained the lessor from inspecting the engines.

Mahindra to inspect and rectify 1.08 lakh units of XUV700, 3,560 units of XUV400 cars free of cost Mahindra & Mahindra will individually contact customers and will carry out a inspection and subsequent rectification free of cost

‘Uniform norms needed to value bankrupt cos’ assets’ The IBC currently doesn’t prescribe an uniform valuation standard but valuation can be done only by registered valuers who follow internationally accepted valuation standards after physically verifying the assets.

India Inc Q1 earnings a mixed bag; outlook stays cautious The impact of inflation on revenue growth during previous quarters is normalizing, say experts

Russian court fines Google $32,000 for videos on conflict in Ukraine: Report Google Russia news: Russian court fines Google $32,000 for allegedly failing to remove false information about conflict in Ukraine.

Bata India clarifies strategic alliances amid reports of partnership talks with Adidas Bata India clarifies strategic alliances amid rumors of a partnership with Adidas for the Indian market.

NLC India signs pact with Rajasthan govt for 300 MW solar power supply The EPC contract for the project has been awarded to Tata Power Solar Systems through competitive bidding.

Jio Financial Services to be listed on stock exchanges on August 21 Jio Financial Services listing is scheduled just a day before FTSE Russell plans to drop the stock from its indices.

Route Mobile to partner with Vodafone Idea on A2P SMS monetisation solutions Route Mobile to partner with Vodafone Idea on A2P SMS monetization solutions

TAQA considers $2.5 billion investment in Gautam Adani's power business: Report TAQA is considering a $2.5bn investment in Gautam Adani's power business, while GQG Partners has invested $1.1bn for an 8.1% stake in Adani Power.

Hiring alert! Global wealth management firm UBS Group AG to expand team in India. Details here UBS plans to rebuild its team in India after the acquisition of Credit Suisse, adding at least seven relationship managers.

Retail leasing in Delhi-NCR up by 65% in H1 2023: CBRE The total leasing during the first half of 2023 stood at 0.70 million square feet as compared to 0.42 million square feet in the same period a year ago, said the CBRE report

China's real estate giant Evergrande files for bankruptcy protection in US, seeks restructuring deal Chinese property giant Evergrande Group files for bankruptcy protection in the US, as it seeks to restructure its $300 billion debt

Future Retail seeks NCLT extension of insolvency deadline until September 15 Future Retail's Resolution Professional seeks extension until September 15 to finalize Corporate Insolvency Resolution Process.

Bata India likely to tie-up with Adidas: Report Bata India in talks with Adidas for strategic partnership in domestic market, a news report said.

Elon Musk buying another ‘X’? What US Steel ticker reveals about potential bid U.S. Steel rejects $7.3B takeover bid and speculations arise about Elon Musk's potential involvement.

Indian eye hospital chain Dr. Agarwal's raises $80 million from TPG, Temasek; shares rise as much as 10.3% after news Indian eye hospital chain Dr. Agarwal's Health Care raises $80m to expand network of centers and invest in technology

Nifty EPS outlook for FY24 raised by 2.5% on strong Q1 results: Motilal Oswal; remains Overweight on financials, autos As per the Q1 results, the earnings growth during the first quarter of FY24 was fueled by domestic cyclicals, such as BFSI and Auto. Healthcare made a strong comeback with 24%...