Daily Newsletter

Daily Newsletter
15 December 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 62677.91 (144.61) NIFTY 18660.30 (52.30) GOLD (MCX 10 GM) 54725.00 (-18.00) SILVER (MCX 1 KG) 69135.00 (360.00) USD ($) / INR(Rs) 82.55 (0.12)
Front Page On track to meet FY23 fiscal deficit target, inflation within RBI band: FM 'We'll bring inflation down further for the sake of common people', said FM Nirmala Sitharaman Sundar Pichai coming to India; govt to discuss 'Made in India' Pixel phones According to a recent media report, Google plans to shift half the production of Pixel devices out of China, and the Indian govt wants India to ... There's broad support for India's agenda at G20 meeting, says DEA secy The FCBD meeting is setting the agenda for the meeting of G20 finance ministers and central bank governors, scheduled to be held in Bengaluru in ... Centre to sell up to 5% stake in IRCTC via OFS to garner Rs 2,720 crore Floor price fixed at Rs 680/share, an over 7% discount to Wednesday closing price SBI board approves Rs 10,000-cr AT1 bonds offering to support biz growth Bank intends to raise before Mar23 though approval is till 2024 RBI advises fintechs to focus on governance, data protection issues Das advised fintechs to pay close attention to governance, business conduct, data protection, customer centricity, regulatory compliance and ... Banks rush to hike deposit rates, raise funds amid firm loan growth Major private lenders such as HDFC Bank, ICICI, Axis revise rates; deposit rates now catching up with RBI rate hikes Nestle has bigger appetite for India; increasing presence in rurban markets The Swiss processed foods maker has significantly upped investments in its Indian subsidiary to expand its penetration in 'rurban' markets Health premiums on the mend: Non-life insurance in double digits Group health plans drive the 29% growth in health premiums during the first eight months of FY23 Brokers fret as secondary market ASBA gains motion with new UPI feature They are staring at a 15-20% drop in the revenues they make from interest on the surplus funds clients park with them. Something similar had ...
Companies Vedanta emerges as successful bidder for Bicholim mining block in Goa In a development paving the way for resumption of iron ore mining in Goa, the state government announced on Wednesday that Vedanta Limited has ... Mahindra CEO sees US entry for new electric vehicles at least 5 years away A US market entry "could likely be longer than five years because we have to win in some of our key markets first," including Europe, he added Very tough path ahead for new entrants like Akasa, Jet 2.0: GMR official Julian Carr, the firm's CMO, says it will be "fascinating" to see how IndiGo's desire to grow further progresses when Air India aims to become a ... I'm last of the jokers left; no plan B after I leave Infosys: Nilekani 'I was completely wrong,' Murthy rues not allowing founders' children to join the company » Read More Stories in Companies
Economy & Policy Textile players likely to witness healthy turnover in FY23: Report Even as macro headwinds impact performance of textile players across segments in the second quarter of 2022-23, the companies are expected to ... Govt likely to finalise PLI scheme for garments by early next year The central government is expected to finalise a production linked incentive (PLI) scheme for garments, madeups and home textiles early next ... Centre awards nine GI tags to take total to 432, Kerala bags five With this, the total number of GI tags in India comes to 432 NASSCOM Foundation starts Aspirational Districts Programme to skill 3.5 mn NASSCOM Foundation launched the "Aspirational Districts Programme" intending to digitally enable and skill over 3.5 million people by March 2024 » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Abbott India 20571.85 -1.17 Axis Bank 942.30 -0.24 BSE TOP GAINERS Company Price (Rs) Change (%) UCO Bank 33.30 14.63 Hathway Cable 19.20 10.66 BSE 52-WEEK LOW Company Price (Rs) Change (%) Rossari Biotech 768.00 0.07 Vodafone Idea 8.67 9.61 BSE TOP LOSERS Company Price (Rs) Change (%) Yes Bank 22.10 -7.72 Colgate-Palmoliv 1571.60 -4.26 Landmark Cars' initial public offering subscribed 39% on Day 2 of offer The Initial Public Offer (IPO) of automobile dealership chain Landmark Cars got subscribed 39 per cent on the day two of offer on ... Sebi planning 'micro' REITs to bring property companies to nascent market 'The regulator is considering reducing the size of REITs, allowing them to hold just a single asset or a diversified portfolio, to increase ... Investors disappointed as 'open market' share buybacks lack punch Actual acquisition cost 20% below max buyback price under open market route KFin IPO to hit market on Dec 19, issue sized reduced to Rs 1,500 cr Financial services platform provides solutions to asset managers and corporate issuers » Read More Stories in Markets
Opinion Chaos on the ground Nobody seems to know what has changed in the past week or so to make Delhi Airport-the busiest in the country-such a no-go zone Will 2023 be any better? All indicators point to a challenging year ahead for the world, including India Energy breakthrough Commercial nuclear fusion may still be decades away Critical decisions GST Council is expected to improve business conditions » Read More Stories in Opinion
Finance DIPAM extends last date for submission of EoI for IDBI stake sale Consortium of foreign funds, investment companies will be allowed to own over 51% of IDBI Bank Bonds and rupee gain; US inflation spurs hopes of dovish Fed move Markets feel that US central bank's aggressive rate hike cycle may be nearing an end Banks wrote off NPAs over 10 trillion in last five financial years: FM Banks have written off bad loans worth Rs 10,09,511 crore during the last five financial years, finance minister Nirmala Sitharaman informed ... RBI removes informal restrictions on rupee NDF trades, says report The central bank had in October informally communicated to banks to halt building new positions in the NDF market to manage the rupee's ... » Read More Stories in Finance
Technology India among top 3 nations where IoT malwares originated in 2022: Microsoft India is among top three countries, after China and US, where most of the malware infections for the internet of things (IoT) devices originated ... Apple to allow alternative app stores on iPhones in European Union Move in response to law that applies to tech firms having $80-bn value Delhi, Mumbai among 50 towns to have 5G services: Devusinh Chauhan Delhi, Mumbai, Chennai and Bengaluru are among 50 towns across 14 states where 5G services have started, minister of state for ... YouTube introduces new feature to warn users against their abusive comments The company says it will send a notification to people whose abusive comments have been removed for violating the platform's rules » Read More Stories in Technology
PF Beware of information paucity and liquidity risk in unlisted shares Even seasoned investors should bet only 5-10% on such securities » Read More Stories in PF
Beyond Business Reinventing social democracy There is a growing disenchantment with liberal democracies. In 'A World of Insecurity', Economist Pranab Bardhan situates its root cause in the ... » Read More Stories in Beyond Business
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