Daily Newsletter

Daily Newsletter
3 November 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 60906.09 (-215.26) NIFTY 18082.85 (-62.55) GOLD (MCX 10 GM) 50635.00 (133.00) SILVER (MCX 1 KG) 58794.00 (-52.00) USD ($) / INR(Rs) 82.62 (0.37)
Front Page Abuse of Liberalised Remittance Scheme for offshore betting under CBIC lens Separate investigation on home-grown online gaming companies shows tax evasion of up to Rs 80,000 crore As rural demand weakens, FMCG distributors offer more credit to retailers The frequency with which distributors procure stocks from companies has reduced Acting prematurely would have hurt economy, says RBI Governor Das Shaktikanta Das defends timing of rate hikes amid failure to meet inflation target Indian iPhone users may get to use 5G services starting next week Apple Inc made the commitment at a meeting of key mobile device makers called by the DoT on Wednesday
Companies AirAsia India-Air India Express merger likely by 2023-end: Air India Air India on Wednesday said an operational review process is underway to integrate budget carrier AirAsia India with Air India Express and the ... Festival season propels demand for third-party logistics players Further penetration into smaller cities will only add to this dependence on third-party delivery partners Within a month, Bharti Airtel crosses 1-million 5G subscribers mark As of August, Airtel had the second largest overall mobile phone user base at 363.8 million Nykaa's strong performance in Sept quarter bucks new-age tech bloat Nykaa has already expanded to 15 cities, not states. Ergo fulfilment costs are already down. Distance from warehouse to customer has therefore, ... » Read More Stories in Companies
Economy & Policy Treasury Bill yields at multi-year high on near-term liquidity fears Yields across both securities rose 7-8 basis points over the previous week's auction British PM Rishi Sunak committed to FTA with India, says Downing Street Intensive negotiations continue towards a free trade agreement (FTA) between India and the UK and new British Prime Minister Rishi Sunak is ... Will realise $1-trn digital economy goal in 5-7 years: Rajeev Chandrasekhar The Minister of State for Electronics and Information Technology said that despite the deep disruption caused by the pandemic, India as a nation ... A stringent patent rule is latest hurdle for India-UK free trade agreement The draft has also proposed to prohibit pre-grant oppositions, which means that India will not be able to stop challenges to weak/invalid ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Aditya Bir. Fas. 351.95 -1.69 Aster DM Health. 265.25 6.16 BSE TOP GAINERS Company Price (Rs) Change (%) Mazagon Dock 726.05 13.84 Redington 148.10 7.79 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) LIC Housing Fin. 366.90 -8.37 Chambal Fert. 307.95 -5.59 Despite buoyancy in market, stock trading activity declines in October Cash market turnover fell almost 20% in October as rally take traders by surprise 80% of net SIP investments in Sept go into active equity schemes: Data Investment advisors recommend the SIP route for investment in volatile asset classes to maximise the benefit of rupee cost averaging India's decoupling from global capital market surprising: Mukul Kochhar Country attractive for global investment because of 'visibility for high growth', says head of Institutional Equities, Investec India. Fusion Micro Finance IPO receives 12% subscription on Day 1 of offer The initial public offering of Fusion Micro Finance was subscribed 12 per cent on the first day of subscription on Wednesday. The IPO received ... » Read More Stories in Markets
Opinion Empowering Gati Shakti Done the right way, the smart platform for infrastructure planning and execution could lead to tremendous productivity benefits A different kind of quiet quitting Policy loopholes are encouraging many promoters to exit their companies stealthily, raising the question: Should promoters be in control after ... Fiscal correction: Focus should be on reducing the fiscal deficit The got would do well to be cautious and resist the temptation of increasing expenditure in the run-up to the Lok Sabha elections because the ... Soluble and relevant: The focus of India's G20 agenda The government may be tempted to showcase its own achievements. But it must resist this temptation » Read More Stories in Opinion
Finance PNB to transfer bad loans worth Rs 20,008 cr from 62 accounts to NARCL NARCL has been set up by commercial banks to aggregate and consolidate stressed assets for their subsequent resolution IDBI announces new deposit scheme, lifts deposit rate to 7% for 700 days The bank has also tweaked the deposit rate for 555 days Unprofitable, growing bad assets: The tale of existential crisis at RRBs They are mostly loss-making, with growing bad assets so the agricultural sector prefers commercial banks Maharashtra appoints liquidator to wind up Rupee Cooperative Bank Over 200 employees risk losing their jobs » Read More Stories in Finance
PF Presumptive tax scheme can reduce compliance burden, return filing Simplifies ITR filing, but can be taxing if actual income is below 8% of turnover » Read More Stories in PF
Beyond Business Leadership in a time of constant flux Covid, climate change, misinformation and Fourth Industrial Revolution have created a perfect storm that needs new paradigm for leadership. ... » Read More Stories in Beyond Business
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