Daily Newsletter

Daily Newsletter
27 December 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 60566.42 (721.13) NIFTY 18014.60 (207.80) GOLD (MCX 10 GM) 54678.00 (104.00) SILVER (MCX 1 KG) 69060.00 (27.00) USD ($) / INR(Rs) 82.83 (0.03)
Front Page CBI arrests Videocon Group founder Venugopal Dhoot in ICICI loan fraud case Videocon founder sent to custody till December 28, along with ex-ICICI Bank CEO Chanda Kochhar and her husband Advent International to pick up 50.1% in Suven Pharma for Rs 6,313 crore To launch open offer for another 26%; plans merger with Cohance Sebi issues notice to attach bank accounts of Sahara group's Subrata Roy Move follows non-payment of dues amounting to Rs 6.42 crore levied for flouting regulatory norms Banks increase deposit rates on tight liquidity, high credit growth Banks have made a beeline to increase rates on their deposits as liquidity in the system has tightened and the credit growth in the system has ... Free grain under NFSA: States to save on food bill, lose political mileage Food subsidies are a major portion of subsidies provided by states Foxconn, Dixon leverage PLI route to boost manufacturing potential in India How two poster boys of the government's signature manufacturing programme are deploying it to grow in India James Murdoch-Uday Shankar ditch SPAC route for their M&A ventures Seven Islands will now make their investments through Bodhi Tree Systems Contractual workforce in CPSEs crosses pre-pandemic level in FY22 But headcount of regular employees has continued to decline in FY22 FM Sitharaman admitted to AIIMS, to be kept under observation overnight She was admitted with symptoms of viral fever and is recovering, say sources Hyderabad-based drug major Hetero prices Paxlovid generic at $60 per course Generic version of Pfizer's Covid antiviral treatment would be exported for $70
Companies LIC Housing Finance raises lending rates by 35 bps, cites market conditions 'Good sustenance in home buying', says mortgage lender in statement Blue-collar industry sees sharp rise in job opportunities: Report The blue-collar industry has witnessed a sharp rise in job opportunities in the country and tier 2 cities have become the epicenters for such ... Tata chief sees AI/ML, supply-chain diversification as growth drivers 'Need to keep careful watch on commodity price rises,' Chandra tells employees in New Year message Telcos seek tax credit refund, reduction in levies ahead of Budget 2023 The telecom sector says that over a third of their earnings is currently paid to the government as levies » Read More Stories in Companies
Economy & Policy Multi-pronged policy support gives green signal to renewable energy: CRISIL Currently, non-fossil or clean sources make up around 25 per cent of energy and 40 per cent of the installed power base in the country UP to develop dry ports, freight con­tainer stations to boost exports The government has said it would also leverage the Varanasi-Haldia inland waterway to catalyse exports Three key railway stations in Chhattisgarh set to get Rs 1,200-cr makeover According to officials, a mechanism would be developed to ensure that train traffic movement is not affected once the work starts Coal consumers body seeks renewal of rake-based supply to non-power sector The Coal Consumers Association of India (CCAI) has made a plea to the government to resume rake-based supplies to the non-power sector in a bid ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) BSE TOP GAINERS Company Price (Rs) Change (%) Easy Trip Plann. 54.65 19.85 I O B 31.45 19.81 BSE 52-WEEK LOW Company Price (Rs) Change (%) Alok Industries 15.50 4.73 Amber Enterp. 1921.25 2.73 BSE TOP LOSERS Company Price (Rs) Change (%) Suven Pharma 472.20 -5.22 Ajanta Pharma 1183.70 -4.46 SAT sets aside Sebi's order to impose penalty on Bhushan Steel for lapses The Securities Appellate Tribunal (SAT) has set aside a Sebi's order to impose a Rs 2 lakh penalty on Bhushan Steel Ltd, now known as Tata Steel ... Sebi bans CFAS, its partners from mkts for 3 yrs for unauthorised services Sebi on Monday barred Capproin Financial Advisory Services (CFAS) and its partners from the securities markets for three years for providing ... Radiant Cash Management Services IPO subscribed 11% on second day The initial public offer of Radiant Cash Management Services was subscribed 11 per cent on the second day of subscription on Monday. The ... NSE cautions investors against unauthorised people offering assured returns The National Stock Exchange (NSE) on Monday asked the investors not to put their money in any assured returns-scheme offered by two ... » Read More Stories in Markets
Opinion Laws and order Decriminalisation will improve business environment Down to the wire Prolonged Russia-Ukraine conflict will pressure India Inflation and agency accountability In tune with global thinking, India created a monetary policy committee to target inflation. Six years later, it's time to strengthen its ... The corporate battles of 2023 India Inc is gearing up for a slugfest next year and from tech to paints, new battlegrounds are emerging Consumer sentiments depressed in December Like the labour market stress is concentrated in urban India, consumer sentiments have also soured essentially in urban India 'DGFT should align RoDTEP, Customs Tariff HSN Codes' 'The DGFT should also resolve the problem of exporters who have used the HSN Code as per Customs Tariff but have ticked the right box in the ... » Read More Stories in Opinion
Finance Central Bank of India to raise up to Rs 1,500 cr via bonds this fiscal State-owned Central Bank of India will raise up to Rs 1,500 crore this fiscal by issuing Basel III compliant bonds. The decision was taken at ... Rupee tracks positive domestic equities, gains 17 paise against dollar The rupee appreciated 17 paise to close at 82.65 (provisional) against the US dollar on Monday, tracking positive domestic equities and the ... Missed inflation target, digital currency pilot mark RBI's 2022 map The Reserve Bank of India failed to deliver on its contracted inflation target for the first time, started fiat digital currency pilot and ... Credit card spends drop sequentially as festive season draws to close Monthly spending is more than Rs 1 trn again, led by the rising share of e-commerce transactions » Read More Stories in Finance
Technology AVGC task force calls for a national mission with budgetary outlay Quantum of budget unknown; task force also recommends 'Create in India' campaign with exclusive focus on content 'For India and For the World' Samsung's upcoming Galaxy A34 5G smartphone may feature 48MP main camera The new device is expected to be a mid-range smartphone and is rumoured to be powered by the Exynos 1280 SoC processor to provide smooth and ... Gizmore launches smartwatch with multi-sport mode & voice control Starting at an introductory price of Rs 1,799, it comes in three attractive colours -- Black, Navy Blue and Burgundy, which is available to ... OnePlus gives sneak-peek into OnePlus 11 5G smartphone ahead of launch OnePlus 11 5G product shots provide sneak-peek into the smartphone's design, particularly the rear profile with focus on camera module and ... » Read More Stories in Technology
PF An NRI without a PAN? File Form 10F manually till next March for lower TDS You should check tax residency certificates too: If it has the required details, submit it instead NPS partial withdrawal rule changing for these subscribers from Jan 1 PFRDA had launched the online partial withdrawal facility in January 2021 to help subscribers cope with the Covid-19 pandemic » Read More Stories in PF
Beyond Business 'Insurgent' justice Human rights activist and lawyer K G Kannabiran's memoir, translated into English from Telugu by his daughter, is a book worth reading and ... » Read More Stories in Beyond Business
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