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Daily Newsletter
24 October 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 59307.15 (104.25) NIFTY 17576.30 (12.35) GOLD (MCX 10 GM) 50635.00 (492.00) SILVER (MCX 1 KG) 57670.00 (1017.00) USD ($) / INR(Rs) 82.85 (0.12)
Front Page Over 24 prominent charitable institutions in India may face tax scrutiny Govt may modify charity-related tax clauses to plug lacunae Run-up to Budget: Economic Survey may peg India's FY24 GDP growth at 6-7% Economic Survey to focus on India's response to Covid, geopolitical shocks Isro launches 36 OneWeb satellites in first commercial launch for LMV-3 "Happy Diwali! We started celebrations already at the Satish Dhawan Space Centre," said Sreedhara Panicker Somanath, chairman, Isro Samvat 2078: A year of India's stock market outperformance to global peers During the year, India's dematerialised account tally topped 100 million for the first time Muted festive season sales fail to light up Diwali for many shopkeepers Hit hard by inflation, low-income groups have been cautious about spending this festive season A tough call: Can VIL face the onslaught of rivals Jio, Airtel in 5G race? Crippling debt, falling subscriber numbers, super-aggressive competitors and a government dragging its feet on a debt-to-equity conversion make ... Q2 scorecard: Banks' loan growth outpaces deposits by a huge margin Banks walk the extra mile to woo depositors Heads of Missions meet to discuss strategies to put states on global map While the envoys said they were energised by their state visits, there were some glaring gaps. Maharashtra, Karnataka, and Tamil Nadu were ... Regulators' forum critical of Centre's overreach in Electricity Bill, 2022 Proposed amendments are diluting the basic premise of the Electricity Act, it says Delhi set for smoggy Diwali as firework sales thrive after two yrs of Covid Ban, strict fines fail to deter buyers, Air Quality Index at 247, hits 'poor' category on Sunday, a day ahead of Diwali
Companies Byju's to raise $600 mn, in talks with Abu Dhabi's sovereign wealth funds The funds are being raised at a time when the company said it is in the sweet spot of its growth story and the capital its invests in its ... Spectrum auction to hurt India's satellite play, says Sunil Mittal OneWeb is also in the process of getting regulatory approvals for a proposed merger with French satellite major Eutelsat Communications JSW Group to foray into lending with Rs 400 cr investment in captive NBFC The Sajjan Jindal-led JSW Group is foraying into the lending space with an investment of up to Rs 400 crore in a captive non-bank lender housed ... Samsung India's profit falls 5% to Rs 3,844 crore; revenue rises 9% Samsung India Electronics' profit after tax for FY22 fell 4.86 per cent to Rs 3,844.40 crore, while its revenue from operations went up 8.65 per ... » Read More Stories in Companies
Economy & Policy Statsguru: Six charts show the rise in MSP for rabi marketing season The government's decisions on MSP are often said to be driven also with an eye on food inflation 384 infrastructural projects show cost overruns of Rs 4.52 trillion As many as 384 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs ... Weak global growth, high inflation may impact energy demand, says RIL Company sees oil demand averaging 99.6 million barrels a day, up 1.9 per cent versus a year ago.... Cashew exports plunge deeper to 38% in September at $22.71 million Contracting for the last eleven months, the country's cashew exports contracted by 38 per cent to USD 22.71 million in September succumbing to ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Axis Bank 900.25 8.96 Bank of Baroda 143.55 1.95 BSE TOP GAINERS Company Price (Rs) Change (%) Finolex Cables 493.85 10.01 KPIT Technologi. 711.90 9.03 BSE 52-WEEK LOW Company Price (Rs) Change (%) FSN E-Commerce 1135.85 -2.34 Glaxosmi. Pharma 1356.85 -0.32 BSE TOP LOSERS Company Price (Rs) Change (%) Laurus Labs 487.45 -7.34 CSB Bank 233.00 -6.89 Don't see further price correction, says JSW Steel's Seshagiri Rao Steel prices appear to have reached their bottom and are likely to go up from their current levels if supply adjustments globally are any ... FPIs sell Indian equities worth Rs 6k cr so far in Oct on strengthening USD With this, the total outflow by Foreign Portfolio Investors (FPIs) has reached Rs 1.75 trillion so far in 2022, data with the depositories 'Marketing, pricing freedom must for catalysing investments in gas fields' Pricing and marketing freedom are a must to ensure billions of dollar investment as costs of finding and producing natural gas from deposits ... Eight of top-10 firms add Rs 2 trn in market valuation; Reliance leads Eight of the 10 most valued firms together added Rs 2,03,335.28 crore in market valuation last week amid an overall positive trend in equities, ... » Read More Stories in Markets
Opinion RBI optimistic on the state of economy Bank credit is increasing by double digits and the sustained surge in goods and service tax collections is signalling growing formalisation of ... UK crisis: The markets strike back Liz Truss almost turned the UK into a distrusted emerging economy Revisiting disinvestment: Going for a 'bottom-up' approach The government should give up its dependence on disinvestment as an instrument for containing the fiscal deficit Turmoil in Britain: Its political crisis is a self-inflicted wound Govts should respect fiscal constraints as once confidence is lost in a country's institutions and political maturity, it cannot be easily ... MF investments in loss-making tech stocks Zomato, Delhivery, Nykaa, CarTrade-there is no chance of these companies making enough money to justify their lofty valuations. Why are mutual ... When emotions overrule neatly laid financial plans Several such experiences have taught me to probe more and work closely with clients to find out their real motivations, desires, and fears The toughest challenge before bank HR Employees across segments, including those involved in specialised jobs such as technology, compliance and risk management, have started leaving ... Climate risks: Headwinds for banking "Climate action failure" still features among the foremost long-term threats, and its severity is increasing » Read More Stories in Opinion
Finance Scale with proper capital allocation is critical: APAC Financial founder We have built significant digital and physical infrastructure to cater to the credit needs of MSMEs (micro, small and medium enterprises) in the ... Money-changing, allied services and products biz back with a bang The fortunes of money changers have seen a dramatic recovery even as they reinvent themselves Demonetisation behind the buoyancy in tax collections, says RBI MPC member RBI Monetary Policy Committee (MPC) member Ashima Goyal has attributed the rise in tax collections to demonetisation and said that it will help ... Bond market sees no end to worst turbulence since credit crash of 2007 The world's largest bond market is being whipsawed by its longest stretch of sustained volatility since the onset of the financial crisis in » Read More Stories in Finance
Technology Apple's next Mac Pro chip might be four times faster than M2 Max: Report Rumours for Apple's next Mac Pro suggest that the computer might come with chip options "that are at least twice or four times as powerful" as ... Pixel Watch not suffering from screen burn-in, it's image retention: Google Tech giant Google said the Pixel Watch does not suffer from screen burn-in and it is just image retention Apple starts paying out $100mn fund to affected developers: Report Apple has started paying out $100 million cash reserve created as part of a class-action settlement to its App Store developers Google purges battery-draining Android apps with 20 million downloads Google Play has removed apps with more than 20 million downloads because they were using excessive mobile data and draining batteries, says a ... » Read More Stories in Technology
Beyond Business The dynasty of Empire In The Sassoons, Joseph Sassoon charts his family's triumphs and tragedies across continents and centuries and uncovers a tribe of fascinating ... » Read More Stories in Beyond Business
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