Daily Newsletter

Daily Newsletter
16 December 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 61799.03 (-878.88) NIFTY 18414.90 (-245.40) GOLD (MCX 10 GM) 54102.00 (-572.00) SILVER (MCX 1 KG) 67740.00 (-1562.00) USD ($) / INR(Rs) 82.61 (0.06)
Front Page Tata Consumer, Hindustan Unilever in talks to buy tea major Girnar Deal valuation pegged between Rs 1,000-1,500 crore Markets tumble as Federal Reserve retains hawkish tone; Sensex drops 1.4% The biggest decline in two months; FPIs sell shares worth Rs 711 cr GST Council meet: GoM pitches for 'specific tax levy' on pan masala, gutkha Proposes levy on 38 such items in the range of 12-69% of retail sale price Water, mines, funds: How states, centre tackle their differences on issues Some differences are between states, like over land and water, and some with the centre, on fishing rights and drugs All charged up: 5 bidders in fray for India's largest electric bus tender 18 bids received for electric buses in eight slots based on bus size, specifications and state transport undertakings CBDT seeks detailed report on the top 15 taxpayers in each region Directive issued for maximising revenue collection and monitoring advance tax mop up No consensus in GoM report on GST framework for online gaming The panel, headed by Meghalaya Chief Minister Conrad Sangma, submitted its second report to Finance Minister Nirmala Sitharaman ahead of the ... USOF successor to focus on indigenising tech, hiring global bandwidth Govt plans to include fund in upcoming telecom Bill despite telcos' opposition, officials said After SC rap, DMRC launches Rs 7,100 crore rights issue for RInfra dues Transporter asks Centre, Delhi govt to infuse equity of Rs 3,500 crore each NBFC-MFIs overtake commercial banks in micro loan market share in Q2 One reason for this shift in trend could be that banks faced challenges in managing this asset class, especially after the outbreak of the ...
Companies SaaS major Freshworks lays off 90 employees globally; 60 in India The company's founder chief executive, Girish Mathrubootham too termed it as a structural change, rather than a company-wide layoff Etihad Airways expands in India; Kolkata-Abu Dhabi service to begin in 2023 Etihad Airways plans to expand its flight network in India with additional services to Ahmedabad, Chennai, Cochin and Delhi starting from early ... Sebi penalises 10 entities for manipulating Millitoons Ent's stock prices Capital markets regulator Sebi on Thursday levied fines totalling Rs 85 lakh on 10 entities for manipulating the share price of Millitoons ... Wipro signs multi-year deal with Finastra for corp banks in Middle East IT company Wipro on Thursday said it has signed a multi-year digital transformation partnership with fintech firm Finastra for corporate banks ... » Read More Stories in Companies
Economy & Policy India telecom industry to grow by $12.5 bn every 3 yrs: Deloitte-CII report The Indian telecom industry is expected to grow by USD 12.5 billion every three years with the advent of 5G which has the potential to boost ... Govt plans to invite bids to extract gold from dumps at Kolar mines The Kolar fields, located about 65 kilometres (40 miles) northeast of Bengaluru, are among the country's oldest gold mines Worker Population Ratio continues to grow, up by 5.8% in 4 years: Centre An increase in the worker population ratio reflects the higher engagement of people in productive activities, said union minister Jitendra Singh RBI to issue next tranche of sovereign gold bonds from Dec 19-23 The Reserve Bank will issue two tranches of Sovereign Gold Bonds, which will open for public subscription in December and March. Sovereign Gold ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Apollo Tyres 323.45 1.28 Bank of India 94.30 -5.23 BSE TOP GAINERS Company Price (Rs) Change (%) General Insuranc 176.75 10.71 Mahindra CIE 315.20 9.69 BSE 52-WEEK LOW Company Price (Rs) Change (%) Aurobindo Pharma 446.90 -1.67 Metropolis Healt 1320.95 -3.78 BSE TOP LOSERS Company Price (Rs) Change (%) I R C T C 689.20 -6.19 Bank of India 94.30 -5.23 IPO pipeline in India seen active in 2023 on smaller deals, shows data Only 2 companies raised more than $500 mn via public offers in 2022 Indegene files draft papers with Sebi; eyes Rs 3,200 crore via IPO The IPO comprises a fresh issue of equity shares worth up to Rs 950 crore and an Offer For Sale (OFS) of up to 3.63 crore equity shares by ... Abans Holdings, Landmark Cars IPOs get lukewarm response from investors Abans' IPO consisted of Rs 103 crore fresh fund raise and Landmark Cars' IPO consisted of Rs 150 crore fresh fund raise Falling P/E may cap returns in 2023: Credit Suisse's Neelkanth Mishra Credit Suisse expects domestic earnings to grow 15 per cent over the next one year and market returns could be in line with that » Read More Stories in Markets
Opinion The next phase Global financial conditions would tighten further Bangladesh: A cautionary tale Economic difficulties are exposing political flaws A familiar script along the border There seems to be a desire for opacity when it comes to confronting China, which has been coded into the Indian establishment. But India would ... No reform without change There is little appetite for reforming multilateral development banks among rich countries, but three emerging economy presidencies of the G20 ... Buy a brand or build a brand? One simple reason why companies acquire brands (and businesses) is because that is an easy way to show growth. But the cost can be huge » Read More Stories in Opinion
Finance Rupee, bonds take a sharp knock as Fed maintains aggressive stance The domestic currency has depreciated over 10% against the greenback so far this year Slippages from restructured NBFC book increased in H1FY23, says Icra Write-offs remained elevated at 2.1 per cent for NBFCs and 0.5 per cent for HFCs in H1FY23 Rupee depreciates 15 paise to 82.64 against US dollar in early trade The rupee depreciated 15 paise to 82.64 against the US dollar in early trade on Thursday after the US Federal Reserve's interest rate hike and ... » Read More Stories in Finance
Technology Jio 5G now compatible with iPhone 12, newer models with latest iOS update Reliance Jio 5G services are now accessible on Apple iPhone 12 and newer models after consumers install the latest iOS update version 16.2. The ... WhatsApp details privacy and safety features rolled out in 2022 WhatsApp on Thursday announced a list of privacy and safety features it rolled out this year. These features include admin control, online ... Ahead of its launch, Samsung Galaxy S23 receives 2 new certifications Last month, the Galaxy S23 and S23 Plus had appeared on the Federal Communications Commission (FCC) certification database, ahead of the ... Samsungs Mobile Experience Business forms new team to make its own chips The company has formed an application processor (AP) solution development team within the business » Read More Stories in Technology
PF Monitor your credit report regularly as improving score takes time Viewing it often will also help you detect identity theft early » Read More Stories in PF
Beyond Business Colonial crime and punishment Sunil Nair's collection of stories about crime in pre-independence India is a collage of micro pictures that takes us into the nitty-gritty of ... » Read More Stories in Beyond Business
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