Daily Newsletter

Daily Newsletter
21 October 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 59202.90 (95.71) NIFTY 17563.95 (51.70) GOLD (MCX 10 GM) 50141.00 (-58.00) SILVER (MCX 1 KG) 56635.00 (621.00) USD ($) / INR(Rs) 82.25 (-0.02)
Front Page Draft telecom Bill: Trai opposed to regulation of OTT platforms Has communicated this to the telecom dept RBI intervenes to claw rupee back from fresh intraday low vs dollar Central bank may have sold around $1 billion in Fx market on Thursday CCI slaps Rs 1,337.76 crore penalty on Google for unfair trade practices The CCI in its press statement said that it found "Google to be dominant in all the above mentioned relevant markets" Ad rates jump 15-20% for India-Pakistan T20 World Cup match on Sunday Timing of encounter, Diwali season, and arch rivalry boost last-minute advertiser interest, say experts Cough syrup makers see healthy future, say controversies won't dent demand Pharma industry insiders claimed that most contamination-related problems arise due to solvents Luxury goods take festive splash as brands present a bouquet of choices Indian brands, too, have capitalised on the sentiment ahead of the festive season Two years on, Sebi's sandbox initiative yet to find its feet Most applications have either been withdrawn or stand rejected From layoffs to cost-cutting, start-ups brace for long funding winter Favourite haunts of start-up community in Bengaluru and Gurugram reflect the sombre mood Canara, UBI, Central Bank see 2-digit rise in net due to higher NII growth NII of the lender grew 18.5 per cent year-on-year (YoY) to Rs 7,434 crore Developing nations' vaccine manufacturers bat for pandemic treaty It's time to focus on routine immunisation: Mandaviya
Companies Infosys allows employees to take up gig work with managers' prior consent Several IT companies including Tata Consultancy Services (TCS), HCLTech, IBM, and Wipro have opposed moonlighting, calling it an ethical issue ... The great Indian unicorn conundrum: High valuations and higher losses However, an increase in valuations does not translate into higher profitability Coforge Q2 net profit rises 36.6% to Rs 220 crore, revenue up 19.9% The board has recommended an interim dividend of Rs 13 per share, with the record date for payout on 4 November 2022. Shriram Transport Finance Q2 net profit rises 38% to Rs 1,067 crore The operating profit for the second quarter of the current financial year was up by 24 per cent to Rs 2,131 crore compared to Rs 1,717 crore ... » Read More Stories in Companies
Economy & Policy India's top multiplex chains bank on festive season to bring cheer back A slate of flop Bollywood movies have hit India's top cinemas hard, leaving the industry to bank heavily on the current festive quarter to ... Slow GST portal: CBIC mulls extending Sept returns filing due date With taxpayers facing slow functioning of the GSTN portal, CBIC on Thursday said it is examining the proposal of extending the deadline for ... We will have to wait and watch political developments in UK: Piyush Goyal India's talks with the UK on the proposed free trade agreement is well on track, but New Delhi will have to "wait and watch" the ongoing ... MoUs worth Rs 1,53,000 crore signed at DefExpo 2022, says official As many as 451 Memorandums of Understanding (MoUs) and agreements worth Rs 1.53 lakh crore were signed during the Defence Expo or DefExpo 2022 ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Aegis Logistics 301.75 0.60 Deepak Fertiliz. 1039.05 5.37 BSE TOP GAINERS Company Price (Rs) Change (%) Jamna Auto Inds. 115.10 6.48 Vinati Organics 2015.20 6.11 BSE 52-WEEK LOW Company Price (Rs) Change (%) Alembic Pharma 543.10 -1.66 Alok Industries 15.85 4.97 BSE TOP LOSERS Company Price (Rs) Change (%) Schaeffler India 2948.55 -7.48 PB Fintech. 401.00 -6.07 Markets extend gains for 5th session on fag-end buying IT stocks shine World stocks were largely negative ahead of a slew of central bank meetings Balance sheet of financial firms in best shape ever: DSP MF MD & CEO 'Every investor's time horizon and risk appetite is different hence I can't give a single answer for a diverse investor base' Tracxn Technologies stock gains on NSE debut, up 17.7% at Rs 94.20 apiece The stock of the data processing services company got listed at Rs 84.50, a Rs 6 per premium, to its issue price Suzlon Energy rights issue subscribed 1.8 times, stock down 3.7% The company is issuing 2.4 billion new shares, at Rs 5 apiece, through the rights issue » Read More Stories in Markets
Opinion A sporting proposition for BCCI Indian cricket could benefit from much-needed transparency The Rs 40,000-crore defence challenge Boosting defence exports requires a major emphasis change. Instead of focusing on low-value consumables such as ammunition, India needs to ... The new face of authoritarianism It is different from the uniformed and jackbooted fascism of a century ago, but only in appearance Redrawing the media map: Firms are discovering they are better together Sony-Zee merger caps the massive round of consolidation in the media and entertainment space that is on the cusp of change Yes, PE ownership of airports works and there is research to show it It turns out that PE funds, while doing some nasty things like raising charges and sacking people, do manage to improve the efficiency of the ... » Read More Stories in Opinion
Finance Indian Banks' Association meeting on Friday to elect its new chairman The Indian Banks' Association (IBA), an industry body consisting of all the banks including foreign lenders with branches in India, will meet on ... South Indian Bank posts net profit of Rs 223 crore in second quarter Murali Ramakrishnan, MD and CEO of the Bank, while announcing the results, stated that the strategy of realigning the business by the bank had ... Dhanlaxmi Bank shareholders seek to curb CEO spending powers; EGM on Nov 12 Through another resolution, the shareholders are also seeking a settlement on the issue of a legal battle with some shareholders regarding board ... IT governance rules: RBI releases draft guidelines for regulated entities The framework will specify the role and responsibilities of the board of directors and the senior management of the entity. » Read More Stories in Finance
Technology Apple's upcoming iPhone SE 4 likely to have 6.1-inch display: Report Tech giant Apple is reportedly planning to launch its next iPhone SE 4 model with a more prominent 6.1-inch display instead of a 4.7-inch ... Pixel 7 and Pixel 7 Pro review: Stellar phones set back by limited storage The Pixel 7 and Pixel 7 Pro seem ordinary on paper, but Google's experience-oriented software-related enhancements put them a notch above other ... Garmin Venu Sq 2 smartwatches with built-in GPS unveiled: Know price, specs The Venu Sq 2 and Venu Sq 2 Music Edition are priced at Rs 27,990 and Rs 33,490, respectively. The watches will be available across online and ... Microsoft announces Discord update on Xbox will soon become phone-free Recently, the company had launched YouTube integration with an affordable Nitro subscription which unlocks several additional benefits » Read More Stories in Technology
PF Long-term investors should invest in gold through SGBs, say experts Those who desire liquidity should opt for a gold ETF having low expense ratio and high volume » Read More Stories in PF
Beyond Business Geostrategy 101: Understanding the new normal Following its retreat from Afghanistan, has the US hauled itself back to the centre of the geostrategic world? A new book argues it has but ... » Read More Stories in Beyond Business
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