Daily Newsletter

Daily Newsletter
17 December 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 61337.81 (-461.22) NIFTY 18269.00 (-145.90) GOLD (MCX 10 GM) 54330.00 (223.00) SILVER (MCX 1 KG) 67661.00 (-157.00) USD ($) / INR(Rs) 82.52 (-0.09)
Front Page Brace for climate tariff walls, FM Nirmala Sitharaman cautions India Inc Says the upcoming Budget will continue to push growth Coffee diplomacy at G20: Karnataka begins planning for mega track in 2023 These publicized meetings of FCBD and finance ministers and central bank governors are just the tip of the iceberg when it comes to the work ... Sebi issues performance benchmarking guidelines for PMS industry Portfolio managers to adopt an additional layer of broadly defined investment strategies while managing clients' funds FIFA World Cup: In Kolkata, the final is still between Argentina and Brazil Observers say that exposure to European football leagues, especially the English Premier League, has helped bring some diversity to the fan base ... Maiden Pharma seeks to reopen Sonipat plant after DCGI clearance Health ministry sources say no immediate plan to allow plant to re-open, it was closed for non-compliance with GMP, not for contamination issues BFSI stocks flex muscles in Nifty50 this year, but still short of 2019 peak The combined m-cap of 11 BFSI companies in Nifty50 is up 12.3% so far this year IRCTC stock is still richly valued despite fall since news of OFS While business prospects remain unchanged, one-year average target price of analysts is Rs 600 $1-million penalty: KPMG India settles with US audit regulator PCAOB The PCAOB found that Lakhani and certain other engagement team members signed off on blank placeholder work papers in KPMG India's electronic ... Risky lending: Share of subprime borrowers higher at PSBs, shows data The share of such loans declined between September 2020 and March 2022 in private banks and NBFCs but rose for public sector banks RBI's forex reserves rise for fifth straight week to $564.07 billion According to analysts, the increase in the RBI's reserves is owing to revaluation as well as the central bank's purchases of the greenback as it ...
Companies NCPCR summons BYJU's CEO Raveendran over allegation of malpractice Apex child rights body NCPCR has summoned edtech BYJU's CEO over allegations that it is indulging in malpractices to lure parents and children ... Surprise corporate actions by Indian tech darlings spur scrutiny While within the rules, experts not convinced by buyback move of fintech firms The rise and rise of QSR: Number of start-ups up 23% since 2016 There were 34 companies added to the segment in 2016 ONDC requires massive efforts before it goes public, says DPIIT secy Says network needs a certain number of people before it is taken to the public; fashion, home & kitchen, electronics, beauty & personal care ... » Read More Stories in Companies
Economy & Policy Working to cut cost of telecom ops to attract investments: DoT secretary The government is working to bring down the cost of telecom operations to attract more investments in the sector, a top official said on ... NDMC gearing up for G20 Summit, begins upgradation of roads: Council member A dozen major roads in Lutyens' Delhi will be spruced up with resurfacing under preparations by the New Delhi Municipal Council (NDMC) for the ... Over 70 eminent citizens write to MPs on Digi Personal Data Protection Bill Over 70 eminent citizens, including former judges, officers have written to MPs to express their concern regarding the proposed DPDPB, 2022 Apparel exports arrest fall, rise by 11.7 pc in Nov: AEPC Chairman Apparel exports in November rose by 11.7 per cent to about USD 1.2 billion after declining for the last few months amid global challenges, ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Aegis Logistics 359.15 3.74 I O B 33.45 -3.74 BSE TOP GAINERS Company Price (Rs) Change (%) EPL Ltd 191.00 14.23 Sterlite Tech. 187.05 5.53 BSE 52-WEEK LOW Company Price (Rs) Change (%) Aurobindo Pharma 441.65 -1.17 Bata India 1630.20 -0.99 BSE TOP LOSERS Company Price (Rs) Change (%) GMM Pfaudler 1643.65 -14.87 Polycab India 2754.45 -7.64 Sebi issues guidelines for winding down of clearing corporations Rules will apply when a clearing corporation strategically wants to wind down, or has incurred losses or there is some regulatory action against ... GMM Pfaudler promoter sells 17.3% stake for Rs 1,324 cr through open market The promoter of engineering firm GMM Pfaudler on Friday divested 17.3 per cent stake in the company for Rs 1,324 crore through open market ... Inox group plans Rs 1,000-crore IPO of cryogenic equipment maker in 2023 InoxCVA's offering may hit primary market next year JSW Energy (Barmer) Limited issues bonus shares worth Rs 995 crore JSW Energy arm JSW Energy (Barmer) Ltd has issued over 99 crore bonus shares worth Rs 995.90 crore. "JSW Energy (Barmer) Ltd, wholly-owned ... » Read More Stories in Markets
Opinion Lessons in budgeting: Changing Budget tack amid changing realities From an adventurous start in 2019 to modest revenue projections last year, there has been a marked change in Ms Sitharaman's approach. T N Ninan ... The BJP needs a course in PPE The intellectual wing of the party is a one-trick pony, and that trick is history. But how much can history do by itself? Privacy in the digital Wild West The arguments against a personal data privacy law are spurious. India needs robust data protection laws to enable growth without breaches of ... A tough track for Usha The Indian Olympic Association's governance needs to be stabilised, but it is not going to be a walk in the park even for a president who ... » Read More Stories in Opinion
Finance Bank credit grows 17.5% in a fortnight; deposits up 10%: RBI data Country's largest lender State Bank of India (SBI) raised deposit rates by 15-100bps, the maximum increase being for bulk deposits Banks renew AT-1 sales after two-month gap, PSUs lead pack to raise credit Public sector lenders would end up issuing around Rs 13,500 cr worth of such bonds in coming weeks Digital lenders seek cap on default loss guarantee models from RBI They suggested that the central bank could look at a reasonable cap to the FLDG models, given RBI's concerns of around build-up of systemic risk ... Indian banks' loans rose by 17.5% y-o-y in 2 weeks till December 2: RBI Indian banks' loans rose 17.5% in the two weeks to Dec 2 from a year earlier, while deposits rose 9.9%, the Reserve Bank of India's weekly ... » Read More Stories in Finance
Technology Experts warn risks from unknown links as spyware infests social media Crooks impersonating journalists, business execs, and even friends and families of victims in over 200 countries to extract sensitive data Google Chrome introduces feature to give price drop notifications This feature is available on desktops and Android devices in the US and can be turned on by selecting 'track price' in the Chrome address bar Google enables Matter on Home, Nest, and Android devices: Details here Matter is a universal connectivity standard for Internet of Things (IoT) devices. Google said its Matter-enabled devices are ready to connect to ... Linux Foundation partners with tech giants take to compete Google Maps In order to create complete, accurate and updated map data as the physical world changes, Overture members will combine their resources » Read More Stories in Technology
PF Listen to the expert: Why a professional investment advisor matters A Sebi-registered investment advisor is qualified to help you manage your finances Short-duration funds suit conservative investors during pause in rate cycle Take a tactical bet on longer-duration funds when RBI moves to a tightening stance Year-end indulgence: how to pick the best cakes for gifting Bakers' shelves have a variety of choices: pick what matches the mood of your celebrations » Read More Stories in PF
Beyond Business Anglo Indians beyond the stereotypes In case you thought that this is a dry historic tome, perish the thought! » Read More Stories in Beyond Business
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