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Daily Newsletter
18 October 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 58410.98 (491.01) NIFTY 17311.80 (126.10) GOLD (MCX 10 GM) 50514.00 (254.00) SILVER (MCX 1 KG) 55950.00 (724.00) USD ($) / INR(Rs) 82.29 (0.04)
Front Page Headline inflation might have peaked in September, says RBI report But cautions that fight against price rise will be 'dogged and prolonged' BSVI phase 2: Diesel car cost likely to rise by nearly Rs 80,000 Initial acquisition cost of hybrid models to be on a par with diesel ones 140 million pulled out of poverty in India since 2015-16, says UNDP Incidence of multidimensional poverty declined from 55.1% in 2005-06 to 16.4% in 2019-21 Byju's raises $250 mn from existing investors, valuation remains at $22 bn Regardless of the adverse macroeconomic conditions, Byju's founder Byju Raveendran said 2022-23 is set to be the best year in terms of revenue, ... DY Chandrachud appointed 50th Chief Justice of India, to take oath on Nov 9 Lauded as a feminist judge for his reasoning, Justice Chandrachud spoke to young law graduates recently and told them to incorporate a feminist ... 66% CEOs in India expect recession in 2023; layoffs on the cards Eighty-six per cent CEOs in India, compared to 71 per cent CEOs globally, predict that a recession will impact company earnings by up to 10 per ... Telecom Bill revisits licence raj, impinges on privacy safeguards Many global agencies have raised concern that the draft Bill will adversely impact privacy by giving DoT almost unlimited powers to access and ... Nokia, Ericsson ink multi-year contracts to power Reliance Jio's 5G network Jio will deploy a standalone 5G network, which will interwork with its 4G network and enable it to provide services such as machine-to-machine ... New twist to rivalry as Kirloskar siblings trade charges over legal fees Sanjay Kirloskar-led Kirloskar Brothers Ltd refutes claim made by siblings Atul and Rahul that the firm paid Rs 274 crore in professional and ... As RBI spreads out Fx interventions, forward premium hits 11-year lows The central bank looks to protect headline reserves, deter offshore/onshore arbitrage on Rs with buy-sell swaps in forex market
Companies Big ticket items driving growth in consumer durables this festive season Televisions, microwave ovens, vacuum cleaners, washing machines are expected to drive the growth of the consumer durable industry during this ... ONGC eyes stake in Russian entity managing Sakhalin 1, says report India's Oil and Natural Gas Corp plans to take a stake in the new Russian entity that will manage the Sakhalin 1 project in the far east Fashion retailer V-Mart Retail to acquire online marketplace LimeRoad Fashion retailer V-Mart Retail Ltd on Monday said it will acquire online marketplace LimeRoad, in a move which will help the company expand its ... Hetero acquires J&J's Telangana plant, to invest Rs 600 crore more Pharmaceuticals firm Hetero on Monday said it has acquired the manufacturing plant of Johnson & Johnson at Penjerla in Telangana and will invest ... » Read More Stories in Companies
Economy & Policy Bangladesh, Vietnam seen as competitors in textile and garment trade With a share of about 13 per cent, UP is one of the top three domestic textile players. Bangladesh, Vietnam, and Indonesia are the leading ... Diversity in India Inc: Women got only 21 out of every 100 new jobs in FY22 This is the second of a four-part series examining diversity, equity and inclusion (DE&I) in corporate India. Part 2 looks at a decline in the ... India needs dedicated wing to release Green GDP estimates, says RBI article India needs to set up a dedicated wing in the environment ministry to release estimates of Green GDP periodically on a regular basis and create ... Indians remitted $2.67 billion in August under LRS scheme, shows data According to RBI data, in August, Indians remitted $467.52 million for overseas education, $330.70 million for maintenance of close relatives, ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) City Union Bank 193.10 4.92 Federal Bank 131.50 0.96 BSE TOP GAINERS Company Price (Rs) Change (%) Suzlon Energy 7.46 11.34 IRB Infra.Devl. 239.15 10.67 BSE 52-WEEK LOW Company Price (Rs) Change (%) Alembic Pharma 569.50 -0.34 Alok Industries 16.10 -4.73 BSE TOP LOSERS Company Price (Rs) Change (%) Tata Elxsi 7778.35 -8.01 CreditAcc. Gram. 933.80 -5.08 Electronics Mart soars 42% at close on debut after strong response to IPO Shares worth Rs 766 crore changed hands on NSE; offering had garnered more than 72x subscription Sensex up 491 pts, Nifty closes above 17,300 as banking shares advance Benchmark stock indices Sensex and Nifty closed higher for a second straight session on Monday following buying in index majors Reliance ... Gold prices jump more than 1% as US dollar, yields pull back Gold prices on Monday rose more than 1% after declines in the previous two sessions, as the U.S. dollar and Treasury yields faltered Growth, moderate valuations positive for ICICI Prudential Life Insurance Value of new business growth and margins remained strong in Q2 » Read More Stories in Markets
Opinion Headwinds from the West Weakening global discretionary spend makes IT industry cautious Xi's China syndromes: Projection of power takes centre stage in his plans His Party Congress speech presages continuing global tensions. The need to strengthen intelligence networks and military infrastructure along ... Regulation of wellness vs wealth offers a contrasting picture The regulators of wealth in India are empowered and autonomous, unlike the regulators of wellness, leading to very different outcomes in the two ... Activist investors: Pushing for change, quietly From active selection and passive ownership to passive selection and active ownership, activist investors adopt a different tone in India Importers still wait for clarity on expanded scope of IGCRS Rules The new rules now say they come into play even in situations where the notifications prescribe end use of imported goods but do not specifically ... When data faces reality The employment reality is grimmer than what the household survey data tell us. This is true for Chhattisgarh as much as it is for Uttar Pradesh. ... Without ideology or loyalty: Arvind Kejriwal and his pursuit of power Rajendra Pal Gautam, Tahir Hussain and Amanatullah Khan have joined a long list of colleagues who have been left high and dry by Kejriwal. They ... » Read More Stories in Opinion
Finance SBI cuts savings deposit rate by 5bps to 2.7%;BoB raises FCNR deposit rates State Bank of India (SBI) has reduced the interest rate on savings accounts by a marginal 5 basis points to 2.70 per cent effective from October ... American Express to start reporting card information to NeSL in November Decision is in compliance with 2017 RBI circular asking financial creditors to submit financial information to an information utility under ... Rupee to trade in Rs 82.25-82.75 band against dollar: Bank of Baroda The intervention by the Reserve Bank of India (RBI) in the forex market will keep the Indian rupee in Rs 82.25-82.75 band against the US dollar ... Flows into NRIs deposits moderate to $1.43 billion in Apr-Aug period Outstanding NRI deposits declined to $134.68 billion at the end of August 2022 from $141.52 billion a year ago » Read More Stories in Finance
Technology Fossil to roll out Wear OS 3 update on Gen 6 Wellness Edition smartwatches Watchmaker brand Fossil announced on Monday that it will begin rolling out Wear OS 3 to its Gen 6 wellness edition smartwatches, which will ... Samsung develops 'MicroLED on Silicon' to replace glass for AR headset Samsung is reportedly developing "MicroLED on Silicon" (LEDoS) for augmented reality (AR) headsets Flipkart unveils Flipverse, a virtual shopping experience in metaverse The e-commerce firm has partnered with Web3 entertainment firm eDAO for the initiative where consumers can discover products in photorealistic ... Motorola launches Moto e22s in India: Know price, specifications, and more The Motorola Moto e22s, priced at Rs 8,999, will be available on Flipkart and select retail outlets from October 22 » Read More Stories in Technology
PF Maximise gain from market fall with value-averaging plan: Experts The plain-vanilla SIP, however, is simple and doesn't require a lump sum 20% allocation in gold ETF a better investment strategy: Quantum AMC At a time when there are many risks and uncertainties in the global economy, a 20 per cent allocation to gold ETFs in an investment portfolio ... » Read More Stories in PF
Beyond Business India's unrealised Indo-Pacific destiny The idea of Indo-Pacific is an evolving one, with scholars interpreting it according to their point of view. Aditi Malhotra's refreshing new ... » Read More Stories in Beyond Business
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