Daily Newsletter

Daily Newsletter
26 October 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 59543.96 (-287.70) NIFTY 17656.35 (-74.40) GOLD (MCX 10 GM) 50630.00 (50.00) SILVER (MCX 1 KG) 58041.00 (293.00) USD ($) / INR(Rs) 82.85 (0.12)
Front Page Play Store policies: CCI lands second blow, Google fined Rs 936 crore Regulator suggests eight corrective steps Balancing innovation and fair play needed: CCI chairman Ashok Kumar Gupta We need to be sensitive to market demand while approving proposed acquisitions. New PM Rishi Sunak pledges to lead Britain out of economic crisis Several ministers sacked, Hunt to stay FM WhatsApp is back: Services restored after 2 hours of global outage According to Downdetector website nearly 29,000 reports were flagged by users on the WhatsApp outage Dove dry shampoo recall in US: Mkt too small, no impact likely in India Nykaa had listed the US as the country of origin for the Dove and Tresemme dry shampoo products sold on its platform CAG set to conduct comprehensive audit of country's health sector Current approach to be based in common parameters, goals and analysis, as opposed to earlier exercises done on the basis of some research or ... Eye on the prize: Ten-baggers still abound amid tepid benchmark returns The analysis is based on 1,401 companies with their September-end price data since 2004 Vistara cancels 14 int'l flights due to delay in delivery of B787 aircraft Vistara had bought six Dreamliners from Boeing in 2018 but has received only two from the American plane-maker Sprite now a $1 billion brand in India: Coca-Cola CEO James Quincey Quincey told investors, "India had a knock-out quarter clearly they are having a very strong run this year. He also said that the company is ... Landlines in the time of 5G: Pvt sector is getting serious about the biz The latest data from the Telecom Regulatory Authority of India (Trai) showed Reliance Jio at 28.31% market share in wireline subscribers, ahead ...
Companies Byju's employees meet Kerala minister after 170 staff are 'asked to resign' Byju's booked a loss of Rs 4,588 crore for the financial year ended March 31, 2021, 19 times more than the preceding year, according to its ... OTT apps: COAI bats for 'same service, same rules' under draft telecom Bill Industry body argues for 'same service, same rules', says current disparities give OTT players privileges but not responsibilities Indian app developers hail CCI penalty on Google as 'collective victory' Competition commission fine on tech giant for abusing dominant position will have domino effect in other markets, they add Nomura Singapore sells 1.52% stake in CSB Bank worth Rs 61 crore Nomura Singapore on Tuesday divested 1.52 per cent stake in private sector lender CSB Bank for over Rs 61 crore through an open market ... » Read More Stories in Companies
Economy & Policy Cash-out: Issues with direct benefit transfer's growing ambit In-kind schemes, introduced in 2017-18, accounted for only 10.8 per cent of total benefits (cash and kind) dispensed under DBT. Today, in-kind ... Rupee trade with few nations may start, internationalisation will take time Rupee trade with few nations may start, internationalisation will take time Hopes for India-UK FTA talks impetus with new Prime Minister Rishi Sunak As Rishi Sunak takes over as Britain's first Indian-origin Prime Minister on Tuesday, there is renewed hope that the India-UK free trade ... RBI's liquidity infusion largest since April 2019 as surplus cash dries up Lack of repo suggests RBI tolerance of higher money mkt rates: Analysts » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Bank of Baroda 148.40 2.81 Bharat Dynamics 994.80 3.26 BSE TOP GAINERS Company Price (Rs) Change (%) Bank of India 56.45 10.15 Multi Comm. Exc. 1494.45 9.10 BSE 52-WEEK LOW Company Price (Rs) Change (%) FSN E-Commerce 1110.60 -2.90 Indian Energy Ex 139.15 2.02 BSE TOP LOSERS Company Price (Rs) Change (%) Laurus Labs 452.90 -5.60 Suzlon Energy 8.41 -4.43 Expect moderate returns in Samvat 2079: Bajaj Allianz Life's Sampath Reddy We are positive on select private banks with credit growth picking-up and asset quality outlook being benign/improving. Sebi fines 6 entities worth Rs 15 lakh in Deutsche Mutual Fund case Capital markets regulator Sebi has imposed penalties totalling Rs 15 lakh on six entities in a case pertaining to front-running the trades of ... Sensex snaps seven-day winning run, falls 288 pts; Nifty50 ends at 17,656 Profit-booking comes to play, investors dump FMCG, pvt banking stocks Nykaa and Policy Bazaar slide as one-year lock-in period nears end Selling pressure is seen whenever the lock-in period meant for IPO anchor investors ends, particularly in companies backed by private equity ... » Read More Stories in Markets
Opinion Corporate insolvency: Rethinking irregular transactions So far 786 applications have been filed to recover over Rs 2.2 trillion allegedly lost through irregular transactions. Retrieving this needs a ... Not a pre-election Budget, please! The forthcoming Budget should plan a faster fiscal deficit reduction, instead of embarking on a spending spree Down to the wire Campaign journalism has its pitfalls Prime Minister Sunak: UK has come a long way from open racism Rishi Sunak's wealth and the fact that he represents racial diversity, but not economic or class diversity, do not and cannot take away from the ... » Read More Stories in Opinion
Finance Utkarsh Small Finance Bank gets Sebi's go ahead to float Rs 500-crore IPO The lender may consider issue of securities aggregating up to Rs 100 crore in a pre-IPO placement round Insurance regulator Irdai proposes changes to reinsurance regulations Seeks to revise order of preference while placing reinsurance business Life insurers' retail protection biz down YoY, seen stabilising going ahead Max Life bucks trend with 11% YoY growth in retail protection APE in Q2 Kotak Mahindra Bank may get added to FTSE index in March semi-annual recast Sustained selling by FPIs increases investment legroom to 22% at the end of September 2022 quarter » Read More Stories in Finance
Technology Tech giant Apple urges global supply chain to decarbonise by 2030 Apple on Tuesday exhorted its global supply chain to decarbonise by 2030, as the tech giant said it will evaluate the work of its major ... Apple rolls out macOS Ventura, iPadOS 16 update: Know new features and more MacOS Ventura and iPadOS 16 are available as a free software update for select macs and iPads Bumble open sources AI tool 'private detector' that detects nudes The new tool works by automatically blurring a potential nude image shared within a chat on Bumble. Users will be notified, and it is up to them ... Microsoft starts rolling out Android 12L for Surface Duo, Duo 2: Reports With Android 12L, users can customise their experience with colour palettes applied across the system, based on their chosen wallpaper » Read More Stories in Technology
Beyond Business Beautiful minds of the investment world David M Rubenstein's compilation of interviews with star money managers is a joy to read » Read More Stories in Beyond Business
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