Daily Newsletter

Daily Newsletter
21 December 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 61702.29 (-103.90) NIFTY 18385.30 (-35.15) GOLD (MCX 10 GM) 54950.00 (690.00) SILVER (MCX 1 KG) 69677.00 (2165.00) USD ($) / INR(Rs) 82.67 (-0.05)
Front Page See upturn in capex cycle, growth momentum to pick up: RBI report 'Can't let our guard down on inflation' Business Standard's BFSI Insight summit kicks off today RBI Governor Shaktikanta Das will share his views on key aspects of the economy in a fireside chat Sebi board approves phasing out shares buyback through stock exchanges Buybacks will be undertaken through a separate window on stock exchanges until then India will take 40 yrs to draw level with China's car penetration: Bhargava Bhargava adds that the cost of regulatory compliance (like implementing BS 6 n norms )-especially on smaller and cheaper cars has been going up Google India's profits triple in five years, at Rs 1,238 crore in FY22 More than half of Alphabet's revenue (Google's parent company) came from Google Search in 2021, even though its share from advertising ... Dabur India promoters sell 1% stake through block deal to finance ventures " The purpose of doing this transaction is to raise funds for financing some ventures in the private hands of the Burman family," the exchange ... NIIF: How a tortoise among hares made due diligence process NPA-free Only NIIF has so far stayed the course as a viable infrastructure financing institution, using sovereign support Sustained recession in West, new Covid wave casts a shadow on Budget 2023 India a bright spot but strong headwinds may impact projections, officials say IVCA's Budget wish: Equal tax treatment for listed and unlisted investments Argues that taxes on unlisted securities are nearly 2.4x those of listed ones, even as investments into unlisted firms and startups were leading ... RBI sold $922 million in foreign exchange market in October: Bulletin Forward purchase book shrinks $10 bln as RBI spreads out interventions
Companies Wells Fargo to pay $3.7 bn to settle charges of consumer law violations Consumer banking giant Wells Fargo agreed to pay $3.7 billion to settle a laundry list of charges that it harmed consumers by charging illegal ... Indira IVF to invest Rs 60 cr for diagnostics foray over next 5 years Fertility treatments chain Indira IVF on Tuesday announced a foray into the diagnostics sector with a Rs 60 crore investment over the next five ... Twitter launches grey verification tick mark for govt, golden for companies Social media platform Twitter has started rolling out a grey tick verification mark for government-related accounts and a golden tick mark for ... Govt clears Rs 357 cr for Foxconn under PLI scheme for phone manufacturing The PLI for large-scale electronics manufacturing sector launched with an aim to make India a competitive destination for electronics ... » Read More Stories in Companies
Economy & Policy Govt committed to macroeconomic fundamentals, financial stability: FinMin The government remains committed towards strong macroeconomic fundamentals and financial stability despite global headwinds, a finance ministry ... Parliamentary panel flags possibility of 'benami' petrol pumps, seeks probe A parliamentary panel has flagged the possibility of individuals operating petrol pumps in the name of SC and ST applicants due to certain ... India looks to bring 50 products under quality control order by next fiscal India is looking to bring as many as 50 products such as aluminium, copper items, and household electrical appliances under the quality norms by ... Fitch affirms India's sovereign rating at BBB- with stable outlook Fitch said India's robust medium-term growth outlook is a key supporting factor for the rating » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Abbott India 20869.50 -0.04 Adani Enterp. 4164.25 2.03 BSE TOP GAINERS Company Price (Rs) Change (%) Chemplast Sanmar 479.60 9.37 I R F C 35.60 8.37 BSE 52-WEEK LOW Company Price (Rs) Change (%) Aurobindo Pharma 437.75 0.00 C.E. Info System 1127.65 -0.17 BSE TOP LOSERS Company Price (Rs) Change (%) UCO Bank 31.25 -6.86 I O B 30.80 -6.24 Radiant Cash IPO to open on Friday; sets price band at Rs 94-99 per share Radiant Cash Management Services on Tuesday said it has fixed a price band of Rs 94 to Rs 99 a share for its Rs 388-crore initial public ... Fintech player Zaggle files IPO papers with Sebi to mobilise funds Fintech player Zaggle Prepaid Ocean Services Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an ... Equity benchmarks recoup most of intraday losses amid fag-end buying After tumbling over 700 points intra-day, the 30-share BSE Sensex clawed back lost ground on last minute buying in index heavyweights Sebi to tighten norms for stock exchanges, other market infra institutions Sebi on Tuesday decided to amend the governance norms for stock exchanges and market infrastructure institutions, including categorising their ... » Read More Stories in Markets
Opinion Defending against cyber threats Today, cyber threats represent a systemic risk, affecting the economy, including critical infrastructure, national security, and companies, ... The planet gets short-changed again It's time we looked at planetary ecology as an inter-connected system demanding a comprehensive approach Handle with care GST notices should not become a tool for harassment Unilateral carbon pricing India needs to work on carbon border tariffs » Read More Stories in Opinion
Finance Outward remittance under LSR dips 28% to $1.92 bn in Oct, shows RBI data International travel contributed over $970 million or 50 per cent of $1.92 billion remitted by Indians in October 2022 In a U-turn, outstanding NRI deposits rise in October, shows RBI data In July, the RBI took steps to enhance fresh inflows into NRI deposit accounts Shadow lender Trucap Finance buys out retail MSME book of EZ Capital MSME-focused shadow lender Trucap Finance has announced two deals -- buying out the retail MSME book of the Jalandhar-based EZ Capital in a ... Banks have written off loans worth Rs 11.17 trillion in last 6 years: Govt Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed ... » Read More Stories in Finance
Technology Indians seek advanced computational capabilities in 5G devices: Report The report also said that Indian consumers remain concerned about limited coverage, replacement of existing devices and privacy of data Elon Musk's Starlink internet service hits 1 mn active paid subscribers Starlink is providing high-speed, low-latency internet to passengers during flights on the jet, with more JSX jets to join the service soon Sony announces offers on televisions, headphones, speakers, & more: Details Sony has announced offers on its products in India. The offers are valid till January 3 on Sony online store, Sony retail stores, Amazon, and ... Amazon rolls out subscription-based service 'Prime Gaming' in India Amazon Prime and Video subscribers can access the gaming service, which offers a variety of mobile, PC and Mac games with in-game loot for free » Read More Stories in Technology
PF Don't let bank compel you to buy insurance policy with home loan Instead of taking an agent's word, do your own research on policy benefits and obligations » Read More Stories in PF
Beyond Business A closer look at 'quiet diplomacy' At a broader level Rahul Roy Chaudhary extols the UPA's role in projecting India as a significant player in a multipolar world, away from being ... » Read More Stories in Beyond Business
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