Daily Newsletter

Daily Newsletter
2 November 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 61121.35 (374.76) NIFTY 18145.40 (133.20) GOLD (MCX 10 GM) 50524.00 (202.00) SILVER (MCX 1 KG) 58891.00 (1213.00) USD ($) / INR(Rs) 82.25 (-0.07)
Front Page GST collection over Rs 1.51 trillion in October, second highest ever Revenue for October is second highest monthly collection, next only to April 2022 Fintechs shadow banks of current time, are fragile: Douglas W Diamond Professor at the University of Chicago's Booth School of Business, Diamond received the prize along with Philip Dybvig and former Fed chair Ben ... FM Sitharaman lists climate finance, crypto regulation as key G-20 agenda Nirmala Sitharaman says India will push for the voice of developing and low-income nations RBI's e-rupee pilot takes off; Day 1 bond trade deals hit Rs 275 crore SBI, BoB hammer out first gilt deal using digital rupee; 48 transactions carried out Borrowing costs bite: Interest-rate surge hurts corporate profits Interest expenses of listed firms (ex-BFSI) were up 18.5% YoY in Q2FY23 Under scanner: Special mechanism for sharing trade data in the works CBIC come across 12-13 cases of import-export data leaks to dark web CBDT proposes common ITR with focus on crypto assets declaration New return to also seeks details on foreign equity and debt held by resident Indians; much more exhaustive list for NRIs Coal India powers productivity spurt, but can it sustain the pace? The furious pace of production has helped prevent the blackouts of last year but there are questions over whether the state-owned miner can ... Passenger vehicles get a festive high in October; sales see sharp rise Availability of semiconductor chips, rising consumer confidence contribute to the growth NITI wants infra projects lagging for decades completed by FY23-end Shortlists 494 projects, including 279 roads and highways worth Rs 1.92 trillion, petroleum projects worth Rs 1.11 trillion, almost a trillion ...
Companies Tata Group plans to add up to 45,000 workers at iPhone parts plant The plant in the industrial town of Hosur, in Tamil Nadu state, will hire as many as 45,000 women workers within 18 to 24 months as it sets up ... Infosys to take shareholders' nod for Rs 9,300-crore share buyback Infosys will seek shareholders' nod for its proposed Rs 9,300 crore share buyback between November 3 to December 2 through postal ballot, the ... Online cosmetics retailer Nykaa's Q2 net more than doubles to Rs 5.2 cr Revenue for the quarter was up 39% YoY to Rs 1,230.8 crore CCI puts AGI Greenpac's acquisition of HNG on hold, seeks more details On the CCI website, the notice filed by AGI Greenpac on September 27 regarding the acquisition, has been marked as 'Notice Not Valid' » Read More Stories in Companies
Economy & Policy Unemployment rate rose to 4-month high of 7.77% in October: CMIE data Among the 25 states for which data is available with the CMIE, six states registered the unemployment rate in double digits Centre slashes windfall tax on domestic crude oil, increases on ATF export At its seventh fortnightly review, the government hiked the tax on the export of ATF to Rs 5 per litre from Rs 3.50 UP Defence Corridor set to realise Rs 50,000 cr investment potential MoUs for investment worth Rs 12,000 crore already signed with private firms and institutions, says nodal chief 'Centre looking at PLI 2.0 for textiles to make it globally competitive' The government is considering the second phase of the Production Linked Incentive scheme for the textile sector to help the industry compete ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Aditya Bir. Fas. 358.00 1.16 Astrazeneca Phar 3433.80 4.19 BSE TOP GAINERS Company Price (Rs) Change (%) Delhivery 378.75 9.99 ITI 115.05 8.69 BSE 52-WEEK LOW Company Price (Rs) Change (%) Chemplast Sanmar 380.95 1.52 Intellect Design 425.15 -1.56 BSE TOP LOSERS Company Price (Rs) Change (%) Swan Energy 211.05 -6.80 Punjab Natl.Bank 40.10 -5.87 Sensex at Mt 61K, now just 1% away from fresh high; Nifty ends at 18,145 Benchmark indices gained in 11 of the past 12 trading sessions FPIs regain risk appetite, pump in nearly Rs 8,430 crore in October US and European markets gained in October after a sharp sell-off in September Bond yields fall on 10-year US yield's drop below 4%, subdued oil The benchmark 10-year Indian government bond yield ended at 7.3957%, after rising five basis points (bps) to 7.4454% on Monday Foreign investors sell $500 mn of India govt bonds in two days: Analysts These investors have net sold bonds worth 41.1 billion Indian rupees over Friday and Monday, CCIL data showed » Read More Stories in Markets
Opinion A leg-up for logistics The multi-pronged National Logistics Policy is a well-timed initiative Development and aastha: The new temples of modern India It is a myth that high-profile religious and political projects have little to do with development Lula's return: Brazil's left turn may be more muted this time Lula's earlier popularity lay in his redistributive policies, but this time around, he will have to demonstrate an ability to negotiate the ... Enhancing mustard yields Genetically tweaked variety can increase production. It would be unwise for India to deny its commercialisation » Read More Stories in Opinion
Finance Bank of India launches special deposit scheme; raises interest on others Apart from the special deposit scheme, Bank of India has raised interest rate on its existing 555-days fixed deposit scheme to 6.30 per cent Reserve Bank starts pilot digital currency program for select banks Banks traded Rs 275 crore ($33.3 million) of bonds on the first day using the new form of currency, data showed India's forex reserves to fall another $15 billion by end-2022: Report India's forex reserves were forecast to fall to $510 billion from around $525 billion by the end of this year, the Oct Rupee gains 10 paise to close at 82.71 against US dollar as it retreats The rupee appreciated 10 paise to close at 82.71 (provisional) against the US dollar on Tuesday, as the greenback retreated from its elevated ... » Read More Stories in Finance
Technology All 5G phones except iPhone to work on Airtel network from mid-Nov: CEO All 5G enabled smartphones, except Apple's iPhones, will start supporting Airtel 5G services by the middle of this month, a senior Bharti Airtel ... » Read More Stories in Technology
PF Continue SIPs for eight years to avoid loss in equities, say experts Neither day of the month nor frequency of SIP has a material impact on returns » Read More Stories in PF
Beyond Business How to be an activist The Anarchist Cookbook serves as a primer for anyone who wants to engage in activism. Focusing on securing smaller, more manageable goals is the ... » Read More Stories in Beyond Business
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