Daily Newsletter

Daily Newsletter
25 October 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 59831.66 (628.76) NIFTY 17730.75 (154.45) GOLD (MCX 10 GM) 50517.00 (-109.00) SILVER (MCX 1 KG) 57525.00 (-88.00) USD ($) / INR(Rs) 82.85 (0.12)
Front Page Markets begin Samvat 2079 on upbeat note with biggest gain in 14 years Sensex, Nifty gain 0.9%, most in Muhurat trading since Samvat 2065 Rishi Sunak to be UK's first Indian-origin PM as his rivals quit the race Youngest to the post in 200 years + Warns UK faces 'profound economic challenge' + FTSE 100 rises .6% Hotels may hike corporate rates by 15% from January amid surge in demand Most hotels are already commanding 15-20 per cent higher rates compared to 2019 for the non-contracted rooms Made-in-India VCs continue to grow in numbers despite economic headwinds 145 new companies were set up in India in the past two years - 123 in 2021 and 22 in 2022: Tracxn data Hindustan Zinc eyeing acquisitions in US, Europe in new growth push Parent Vedanta has zinc assets in Namibia, South Africa and Ireland Railways redesigning wagons, overhauling infra to transport more SUVs Among cars, UVs have seen the highest growth during the past few years Govt may tweak low performing Compressed Bio Gas scheme in rural areas Target of setting up 5000 plants till 2023 heavily lagging behind How Kia turned out to be a 'sweet price band' for upper middle class Hyundai's sister concern has established a respectable presence in India despite a pandemic-year launch Caught in global maelstrom, rupee, govt bonds likely to weaken further The key factors that have wreaked havoc on fixed-income and currency markets are the Russian invasion of Ukraine and the US Fed's decision to ... Govt mulls way of protecting online consumers from 'reward'-based reviews The BIS wants it make it obvious when reviews are based on rewards and easier to verify if the reviewer is 'real'
Companies Rising rates may result in moderation in home sales growth: JLL chief Dhir The increase of 190 basis points (bps) in the repo rate resulted in a surge in mortgage rates with a transmission of 130-140 bps in the ... Private Solution: Rise in storage helps securing food from damage, loss A Business Standard analysis found ramping up capacity and engaging the private sector helped FCI's share in total storage to rise to over 50 ... Sony Pictures India rebrands channel portfolio to align with global ethos Sony Pictures Networks India (SPNI) has rebranded all its network channels to be more aligned with the Japanese conglomerate's global ethos, the ... Pine Labs sees huge demand for its buy-now-pay-later service in hinterlands The fintech unicorn expects to process BNPL transactions worth Rs 5,000 crore this month as an increasing number of customers in small towns are ... » Read More Stories in Companies
Economy & Policy Uttar Pradesh govt bags Rs 16,000-crore deal for data centre projects The state is planning to set up smaller capacity data centres in the hinterland across the state. The policy will aim to attract private sector ... 11 mt paddy purchase is Chattisgarh govt's target for this kharif season The state-run Chhattisgarh Marketing Federation (MarkFed) is the nodal agency for procurement. The volume of paddy has increased by over 12 per ... Rajasthan govt rooting daughters to soil, promote agri studies for girls A provision has been made to give Rs 15,000 per annum for up to three year to do a PhD in an agriculture-related subject. Recovery tracker: Dip in railway numbers, fewer flyers ahead of Diwali Weekly vehicle registrations surge to nearly 600,000 » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Axis Bank 909.10 0.98 Bank of Baroda 144.35 0.56 BSE TOP GAINERS Company Price (Rs) Change (%) Tata Motors-DVR 213.90 7.08 Finolex Cables 524.30 6.17 BSE 52-WEEK LOW Company Price (Rs) Change (%) P & G Health Ltd 4037.30 1.16 Sudarshan Chem. 404.50 1.28 BSE TOP LOSERS Company Price (Rs) Change (%) Chalet Hotels 364.00 -5.54 RBL Bank 127.20 -4.58 Equity markets not out of woods, but there's light at the end of tunnel The benchmark Nifty ended Samvat 2078 at 17,576. The Sensex finished at 59,307, logging marginally negative returns Oil prices drop as Chinese demand data shows depressed consumption Oil prices slid on Monday after Chinese data showed that demand from the world's largest crude importer remained lacklustre in September Samvat 2079: Sensex up 525pts; logs best Muhurat-day gain in 14 years Muhurat Trading Session Wrap: Financial shares led by ICICI Bank, HDFC twins top gainers chart. Nestle, L&T also up smartly, while Hindustan ... What five factors will drive markets in Samvat 2079? Analysts believe financial markets may see volatility due to the threat of recession in western countries in the days to come. Here's a look at ... » Read More Stories in Markets
Opinion Rajasthan's Shehri Rozgar Guarantee Yojana Rajasthan has a high unemployment rate of around 25%. In September 2022, the unemployment rate was 23.8% Uncertain outlook: Markets in Samvat 2079 With corporations still complaining about margin pressures and soft demand, markets will hope for broadening of recovery Crouching dragon Xi Jinping's absolute power will test the world's second-largest economy Magazines: On a comeback trail? As a genre, magazine brands may have been given up for dead. Yet the chances of a revival aren't exactly far-fetched Bear market patterns: What investors should know about trend reversal Stock markets will turn, even with all the economic news still being negative, except in two scenarios Sorry, Mr Guterres, no one is listening With the nation in perpetual election mode, perhaps the Opposition, too, is convinced that reacting to criticism like that of Guterres will not ... » Read More Stories in Opinion
Finance Dollar shakes off suspected Japan intervention; stocks brace for earnings The dollar weathered another suspected blast of Japanese intervention to rise against the yen on Monday, while European markets got a lift Bank employees' unions call for restoration of old pension scheme Submit charter of demand for wage revision as part of 12th bipartite settlement Subprime borrowers must keep credit utilisation ratio under check They must also avoid applying for too many loans within a short span Crypto is more attractive as US SEC gets aggressive, investors say Survey respondents also displayed a very broad church of opinions on crypto, emblematic of how despite the sector's relative infamy among ... » Read More Stories in Finance
Technology Google Pixel 7 Pro an ideal smartphone for Indians in hybrid workplace Android 13 on Pixel 7 Pro brings you the best Android experience yet. It's fast, smart and secure, along with fresh new style and customisation ... Google to upgrade Nest smart home device to Fuchsia OS: Know more It is speculated that it could be a third-generation Nest Mini, but there's also a possibility that it could be a new Chromecast Audio Trying to troll Tim Cook, Google Pixel caught using an iPhone to tweet On realising this, Google deleted the tweet and reposted it using Twitter's web app Apple to announce new Mac Pro with 48 CPU core M2 chip: Details here There may be an update to the 14- and 16-inch MacBook Pros, as well as a new Mac mini, before Apple announces the new Mac Pro » Read More Stories in Technology
Beyond Business Our kind of spy novelist An anthology, edited by John Le Carre's son, takes us through the bestselling spy novelist's life through a series of revealing, yet delightful, ... » Read More Stories in Beyond Business
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