*Business News Headlines* *Economic Times*

Ø Info Edge to sell Rs 750 Crore Zomato shares in upcoming IPO
Ø India’s organic food products exports rise 51% to USD 1 Bn in 2020-21
Ø Bharti backed-OneWeb to raise $550 Mn from France’s Eutelsat
Ø Ashok Leyland’s subsidiary Switch Mobility, TVS SCS ink pact
Ø PNB Housing Finance Q4 Results : Posts net Profit of Rs 127 cr; expenses down 28%
Ø HDFC AMC Q4 results: PAT rises 27% to Rs 316 Cr; firm announces dividend of Rs 34
Ø OPEC+ sticks to plan to ease oil Output cuts from May 1
Ø Government infuses Rs 200 Crore capital in IFCI
Ø Pandemic has household savings jumping to 22.5% of GDP: Report
Ø Toyota acquires Lyft’s self-driving unit for $550 Million
Ø Dental software startup Carestack raises $25 Million , plans to double employees
Ø GameStop raises $551 Million to accelerate E-commerce Push

*Business Standard*

Ø Britannia posts 3% decline in March quarter profit to Rs 364 Crore
Ø Maruti Profit skids 10%, but company remains upbeat despite Covid 2nd wave
Ø Tamilnad Mercantile Bank eyes Rs 1,000 Crore IPO by Nov-Dec 2021
Ø Hindustan Zinc Q4 PAT at Rs 2,481 Crore, up 85% YoY on higher revenue
Ø Axis Bank beats Street estimates, posts net profit of Rs 2,677 Crore in Q4
Ø Joe Biden to propose tax hikes, $80 Billion for audits of the rich
Ø UBS, Nomura push global banks’ Archegos losses beyond $10 Billion
Ø Hathway share sale oversubscribed, to help Promoters meet 25% holding norms
Ø SBI board to consider raising $2 Billion through bonds in 2021-22

*Financial Express*

Ø NBFCs ask RBI for extended recast scheme, more liquidity support
Ø Telecom industry AGR rises 4.19% to Rs 47,623 Cr for Oct-Dec 2020
Ø Hyderabad accounted for almost half of the investments in real estate in Q1 2021
Ø SC allows Vedanta to operate Sterlite oxygen plant till July 31
Ø Mastercard makes USD 10 Million commitment to COVID relief in India
Ø Coal India arms considering installing oxygen plants to tide over shortage crisis
Ø Lockdowns pull down business activity to 76% of pre-pandemic level; unlikely to impact GDP: Report
Ø Govt may attain up to 90% of FY22 disinvestment target on strong liquidity
Ø TMB may hit IPO market with Rs 1,000-1,300 Cr issue by Nov
Ø JSPL board okays divestment in Jindal Power to Worldone for Rs 3,015 Cr

*Mint*

Ø MSD Pharma signs pact with 5 Indian firms to make investigational Covid-19 Drug
Ø ICAI Postpones final and intermediate CA exams amid Covid-19 Surge
Ø Sebi issues guidelines to strengthen provisional rating policies for debt
Ø Amazon to pass Walmart in US Retail sales in 2025: Report
Ø India, Japan and Australia unveil supply chain initiative
Ø ADV Partners, Premji Invest acquire majority stake in Micro Plastics
Ø Clocr raises $500,000 in seed funding round
Ø HCL Technologies and IBM collaborate to modernise Security Operations

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