Daily Newsletter

Daily Newsletter
1 December 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 63099.65 (417.81) NIFTY 18758.35 (140.30) GOLD (MCX 10 GM) 52477.00 (169.00) SILVER (MCX 1 KG) 62179.00 (1028.00) USD ($) / INR(Rs) 81.67 (0.08)
Front Page Robust activity in services sector holds up 6.3% GDP growth in Q2 GDP grew 7.6 per cent in the September quarter of FY23 over the comparable period in FY20, which was before the pandemic Scaling a new peak: FPIs, global cues propel Sensex past 63,000 mark FPIs bought shares worth Rs 9,010 crore on Wednesday, according to provisional data from exchanges Kirit Parikh panel recommendations: 'Remove caps on gas prices by 2027' The committee has also recommended a ceiling price of $6.5 per mmBtu, which may be increased yearly by about $0.5 per mmBtu till 2027, Parikh ... Air India group most frequent flyer on 7 of 10 busiest domestic routes Also runs IndiGo close on the other three Govt plans pilots on new direct benefit transfer model for fertilisers Currently, the version of DBT in fertilisers involves farmers purchasing their fertilisers through point of sale (PoS) devices after undergoing ... Alstom, Medha, Siemens in race for Rs 26,000-crore Vande Bharat order At least 4 of the five bidders have formed JVs for the Rs 26,000-crore order Fintech lenders align business model with RBI's digital lending norms The RBI came out with the guidelines on digital lending in September and gave time until November 30 for players to comply with the 'existing ... Why merging Brand Vistara with Air India makes sense: Experts explains With a single airline brand, Tatas aim for quick business turnaround E-marketplaces projected to see enterprise value zoom over 3 times The report projects that the enterprise value of the companies would go up from $150-200 billion currently to $500 billion by 2027 Committee of creditors may ask bidders to sweeten offers for RCap As many as 55 companies submitted expressions of interest (EoIs) for Reliance Capital but only a few submitted binding bids
Companies Online food delivery platform DoorDash announces 1,250 employee lays offs Online food delivery platform DoorDash on Wednesday said it is laying off around 1,250 employees. Infrastructure finance co IDFC AMC gets Sebi nod for change in ownership Markets regulator Sebi has approved the acquisition of IDFC Asset Management Company Limited (IDFC AMC) by a consortium comprising Bandhan ... TCS secures contract to develop UK's rail data marketplace The digital marketplace will bring together fragmented sources of rail data into one digital service, to accelerate innovation in the transport ... Sebi suspends Karvy's registration for flouting portfolio managers rule Market regulator Sebi on Wednesday suspended the registration certificate of Karvy Stock Broking Ltd (PMS Karvy) as a portfolio manager for one ... » Read More Stories in Companies
Economy & Policy Q2 GDP numbers: Growth seen tapering in the July-September quarter The growth had fallen drastically from 13.5 per cent in the April-June quarter and was even lower than last year's number of 8.4 per cent RBI authorises Tamilnad Mercantile Bank to undertake government business Private sector lender Tamilnad Mercantile Bank (TMB) on Wednesday said it has been authorised by the Reserve Bank of India to undertake ... In 2022, world-topping $100 billion in remittances have come to India Remittance flows to India will rise 12 per cent to reach $100 billion this year, according to a World Bank report published on Wednesday Wheat, flour prices soar, expected to remain high till new crop arrives In the past one month, prices of wheat and flour have soared by 5% and 4%, respectively, and commodity watchers expect them to remain high till ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Britannia Inds. 4352.80 1.63 CCL Products 547.10 1.56 BSE TOP GAINERS Company Price (Rs) Change (%) H U D C O 53.25 9.23 Esab India 4150.65 9.21 BSE 52-WEEK LOW Company Price (Rs) Change (%) Amber Enterp. 1924.80 -0.41 Laurus Labs 417.45 2.20 BSE TOP LOSERS Company Price (Rs) Change (%) I R F C 32.85 -6.81 Gland Pharma 1777.60 -5.43 Market regulator Sebi bars FWCS, its directors from markets for 1 year Markets regulator Sebi has barred Fingravy Wealth Creation Services (FWCS) and its directors from the securities markets for 1 year for ... Food delivery firm Zomato stake sale fetches Rs 1,631 crore for Alibaba Prior to the stake sale, Alipay held 6.7 per cent stake in Zomato while affiliate firm Antfin holds another 6.6 per cent share in the foodtech ... NSE IFSC-SGX Connect full scale operation targeted for Q2 of 2023 Currently, 14 SGX Clearing Members have been onboarded for the transition D-Street throws Thanksgiving party in November; Sensex, Nifty up 10% The rally was underpinned by strong inflows from foreign portfolio investors (FPIs) » Read More Stories in Markets
Opinion Identifying an offshore investor FPIs incorporated under different structures in different jurisdictions create regulatory loopholes and make it difficult to identify the true ... Today, India commences its G20 presidency Let's make India's presidency one of healing, harmony, and hope India Q2FY23 GDP: Looking beyond the noise The Q2FY23 GDP numbers are unlikely to change the policy focus of RBI from withdrawing accommodation, with growth being in line with Re-design and deliver Govt crop insurance scheme needs radical rethink Growth challenges Manufacturing sector decline needs policy support Budget 2023: How the finance ministry can kill many birds with one stone The govt should shift all welfare spending into the capital spending account and call it an investment in social capital » Read More Stories in Opinion
Finance Reserve Bank of India, Japanese regulator hold talks on clearing houses Dialogue on clearing houses come after CCIL derecognition by ESMA, BoE Rupee gains sharply against US dollar as MSCI rejig spurs flows The rupee closed at 81.43 per US dollar on Wednesday as against 81.72 per dollar on Tuesday RBI's modified digital lending norms to come in effect from Dec 1 The Reserve Bank's modified guidelines on digital lending that seek to protect customers from exorbitant interest rates by certain entities and ... Rupee gains 34 paise to close at 81.38 against dollar amid weak greenback The rupee appreciated 34 paise to close at 81.38 (provisional) against the US dollar on Wednesday as a weak greenback in the overseas market and ... » Read More Stories in Finance
Technology WhatsApp bans over 2.3 mn malicious accounts in India in October 2022 Meta-owned WhatsApp on Wednesday said it banned over 23 lakh bad accounts in India in the month of October in compliance with the new IT Rules ... Google Pixel Watch may get Gmail and Calendar apps to enhance experience To enhance user experience, Google is reportedly working on a dedicated Gmail and Calendar app for Wear OS and Pixel Watch Zepp Health unveils Amazfit Falcon smartwatch, pre-order starts from Dec 1 Priced at Rs 44,999, the Amazfit Falcon smartwatch will be available for purchase from December 3 Netflix adds new mobile games to its catalogue for Android, iOS devices Netflix has added three new mobile games to its catalogue -- 'Three Kingdoms' from Devolver Digital, 'Cats & Soup' from Neowiz and 'Hello Kitty ... » Read More Stories in Technology
PF Consistency should be key criterion when choosing NPS fund manager Asset allocation to NPS should depend on age, risk appetite and asset mix in existing investments » Read More Stories in PF
Beyond Business Making economics palatable In Edible Economics, Ha-Joon Chang takes a global approach to food to deliver a stinging critique of the neoclassical order » Read More Stories in Beyond Business
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