Daily Newsletter

Daily Newsletter
8 November 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 61185.15 (234.79) NIFTY 18202.80 (85.65) GOLD (MCX 10 GM) 50909.00 (43.00) SILVER (MCX 1 KG) 60845.00 (307.00) USD ($) / INR(Rs) 82.82 (0.08)
Front Page Nodal central counterparty seen as a solution to ESMA-RBI tussle Indian, EU authorities trying to resolve the issue: Officials After Twitter, Meta Platforms likely to fire thousands of employees Will be first broad headcount reduction in the tech giant's 18-year history SC upholds the constitutional validity of EWS quota in 3:2 verdict Reservation is an instrument of affirmative action to ensure an all-inclusive march toward the goals of an egalitarian society, the verdict says Class of '24: Summer internships show way to a heady placement season IIM Kozhikode sees highest stipend of Rs 6.5L FY23 GDP growth may not exceed 7%, says CEA V Anantha Nageswaran The IMF sees FY23 GDP growth at 6.8 per cent compared with 7.4 per cent earlier, while the RBI has cut its forecast to 7 per cent from 7.2 per ... Gujarat and Rajasthan are Corporate India's investment lodestone Gujarat tops with Rs 4 tn in fresh investments, Rajasthan is second with Rs 2.37 tn investments in FY22 India's services exports to buck recession fears; see 25-30% growth Notwithstanding the threat of a recession looming ahead for the developed economies, exporters say they expect a similar trend to continue in ... Rupee surges 48 paise to close at 81.92 per dollar, highest in a month Stronger yuan, resumption of FPI flows into stocks bolster rupee Jio Payments likely to become subsidiary of Jio Financial Services Sources in the know say that this 70 per cent stake held by RIL will be transferred to JFS. SBI will continue to own the rest of the 30 per cent ... Reliance Jio takes a bold call on financial services amid tough competition By separating financial services from its core business through the listing, RIL wants to keep it at arm's length, which would be a necessary ...
Companies Supreme Court issues notice to Sebi on Reliance's plea for documents On August 5, the court directed the regulator to provide the necessary documents to Reliance BioNTech Q3 earnings drop but forecast for vaccine revenue grows BioNTech, which teamed with Pfizer to develop a powerful COVID-19 vaccine, reported that its earnings in the third quarter were close to half ... Odisha inks MoU with Ashok Leyland to develop driving training institutes The upcoming facility will help enhance the HMV driving skills of the drivers particularly in mining areas of Odisha Paytm reports 76% rise in Q2 revenue to Rs 1,914 cr on surge in loan growth Consolidated net loss widened to Rs 5.71 billion from a loss of Rs 4.73 billion a year earlier, the company said in an exchange filing » Read More Stories in Companies
Economy & Policy How are India's roads funded? Investment in national highways down in FY22 Road transport minister Nitin Gadkari recently spoke of the need for innovative methods to boost India's infrastructure growth Will unveil new technique to prepare bio-bitumen at farmlands soon: Gadkari Union Minister of Road Transport and Highways Nitin Gadkari on Monday said a new technique will be launched in the next two to three months ... New start-up scheme to focus on biz ideas, unicorns in Uttar Pradesh Under the new framework, the start-up seed capital/marketing support sum has been hiked by 50 per cent from Rs 5 lakh to Rs 7.5 lakh October fuel demand rises 3.4% year-on-year to 18.37 million tonnes Sales of bitumen, used for making roads, were 11.5% lower, while fuel oil use edged up 0.9% in October » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Adani Enterp. 3961.15 3.36 Adani Total Gas 3799.65 1.24 BSE TOP GAINERS Company Price (Rs) Change (%) JM Financial 77.30 10.67 Rail Vikas 50.80 10.43 BSE 52-WEEK LOW Company Price (Rs) Change (%) Bandhan Bank 225.60 -1.07 Glaxosmi. Pharma 1339.35 -0.52 BSE TOP LOSERS Company Price (Rs) Change (%) Divi's Lab. 3413.70 -8.85 Marico 504.90 -6.39 Sensex revisits 61K amid upbeat global cues; bank, auto stocks spurt Rising for the second straight day, the 30-share BSE Sensex ended 234.79 points or 0.39 per cent higher at 61,185.15 after a choppy session M&A recovery: Kotak Mahindra Bank plans to hire 20 investment bankers The firm is looking to fill positions from analyst to director levels across sectors including financial services, health care and technology Bikaji Foods International IPO subscribed 27 times; Medanta 10 times Bikaji's IPO was entirely a secondary share sale worth Rs 881 crore, while Medanta consisted of Rs 1,705-crore secondary share sale and Rs 500 ... All eyes on Buffett, Son India stakes as Rs 1.15-trillion lock-ups end While high-profile tech IPOs have met with strong demand from the growing herd of retail investors, market pros have been more neutral on the ... » Read More Stories in Markets
Opinion Reservations about EWS: Govt must focus on expanding opportunities It is unclear how far the state can fulfil its obligations to EWS families when more jobs are created in the private sector Welcome write-off: Acknowledging failure of 116 projects is the first step It is true that the government should not throw good money after bad, but failed projects should at least be used as lessons to improve the ... Salaried jobs recover Salaried jobs declined from 86 million in September 2022 to 84.7 million in October An extraordinary decade for markets The long-awaited pivot away from US equities may finally be at hand, and India may benefit from this shift Inflation targeting in letter and spirit There have not been good enough reasons for the RBI to abandon inflation targeting in 2021 or 2022 The true art of travel writing History, people, self-deprecation - what makes a good travel book? Here's a look at a few of the essential ingredients » Read More Stories in Opinion
Finance PSBs' Q2 net profits zoom 50% YoY on steady rise in interest income Strong loan growth, rising lending rates give the boost Credit risk not being fairly priced in by banks, says SBI report Credit demand at decadal highs and liquidity remains significantly downsized, says research » Read More Stories in Finance
Technology Samsung launches 'Dropship' for cross platform file sharing The new update would come with support for Unicode 15. It means the tech giant would be the first Android phone to have the latest emojis » Read More Stories in Technology
PF Select segments within PSU theme could outperform amid economic uptick Public-sector banks, defence stocks could do well; PSUs exposed to commodities are at risk » Read More Stories in PF
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