Daily Newsletter

Daily Newsletter
29 December 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 60910.28 (-17.15) NIFTY 18122.50 (-9.80) GOLD (MCX 10 GM) 54807.00 (-190.00) SILVER (MCX 1 KG) 69050.00 (-751.00) USD ($) / INR(Rs) 82.72 (-0.07)
Front Page India's billionaire club shrinks to 120, Gautam Adani tops rich list In comparison, Ambani, who topped the list last year, has seen a 2.5 per cent decline in his family's net worth to $101.75 billion from $104.4 ... After Gambia, now Uzbekistan alleges Indian cold drug killed its children Noida-based Marion Biotech's Dok-1 Max anti-cold medicine under scanner after the Central Asian nation blames it for 18 deaths Bharti Airtel sees limited scope of 5G monetisation currently: Executive Fewer people upgrading to 5G handsets, says top executive Data of 30 mn railway users compromised, personal details on dark web Breach not from IRCTC, says railways; ticketer's private partners on the govt's radar I owe my success to institutional reforms over 30 years: Gautam Adani As both he and PM Modi are from the same state, it makes him the easy target of baseless allegations, says Adani LIC may look at entering health, non-life insurance businesses: Source Says insurance giant is well-placed to make most of a composite license; in fact it was a composite insurer till early 1970s, when Oriental ... Need to quickly end call drops, improve quality: Govt tells telcos Poor quality unacceptable at a time when India is adopting 5G technology: Companies are told Invest in long-term debt? Dynamic bond fund managers on the fence In November, nearly half the dynamic bond fund (DBF) schemes raised the allocation to medium-to-longer-duration papers Why India needs to build a robust framework to facilitate energy transition The investment buzz for the transition has begun but policy frameworks still lag the process 20 years at Reliance helm: Mukesh Ambani redefines scale, business growth From inheriting legacy textile and oil businesses to stepping into retail, telecom and digital, RIL is a company for New India, say experts
Companies Google staff braces for a cost-cutting drive as budgetary anxiety mounts A letter signaled how some Google employees are increasingly interpreting recent management decisions as warnings that the company may be ... Reliance Industries topped the growth charts in the last 20 years In the last 20 years, RIL's net profit has grown at a CAGR of 15.7 per cent Timely resolution of FDA action key for Indian pharma's US pipeline Analysts say overall risks remain high for US generics business McLeod negotiates with investors to monetise assets, infuse fresh capital As part of the restructuring with secured lenders, debt-laden McLeod Russel India Ltd is in the process of negotiating with "multiple investors" ... » Read More Stories in Companies
Economy & Policy India's pulses market hots up after arrival of new tur, early chana crops MSP of tur is Rs 6,600 per quintal, while that of masur is Rs 6,000 per quintal and urad at Rs 6,600 per quintal Indo-Aus trade pact from Dec 29; several goods to get duty-free access The interim free trade agreement between India and Australia will come into force on Thursday, providing duty-free access to thousands of ... India's basket of crude rises 102% between Oct 2020-Oct 2022: Report According to Petroleum Ministry sources, petrol prices stood at Rs 81.06 per litre in October 2020, however by October 2022, they had risen only ... Trai recommends 5 MHz spectrum in 700 MHz band to NCRTC for RRTS corridors Telecom regulator Trai has recommended that the 5 MHz spectrum in the 700 MHz band should be assigned to National Capital Region Transport ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Capri Global 771.45 -0.17 Jindal Steel 578.10 0.31 BSE TOP GAINERS Company Price (Rs) Change (%) R C F 134.10 15.16 G S F C 140.40 10.25 BSE 52-WEEK LOW Company Price (Rs) Change (%) AAVAS Financiers 1844.95 0.35 C.E. Info System 1059.15 -3.74 BSE TOP LOSERS Company Price (Rs) Change (%) Aegis Logistics 329.50 -3.88 Union Bank (I) 79.60 -3.75 BOI MF settles 'inter-scheme transfer' case with Sebi, pays Rs 3.93 cr The fund house along with five individuals pay Rs 3.93 crore for the settlement Sebi imposes Rs 75 lakh fine on ICCL, NCL in Karvy Stock Broking case Capital markets regulator Sebi on Wednesday levied a fine totalling Rs 75 lakh on Indian Clearing Corp Ltd (ICCL) and NSE Clearing Corp Ltd ... Prospects remain healthy for NBFCs, bank credit shows a strong trend Topline growth should outweigh any pressure on margins Sebi proposes regulatory framework for index providers, Rs 25 cr net worth The regulator has floated a fresh consultation paper proposing provisions for eligibility, disclosures and audit » Read More Stories in Markets
Opinion Slowdown year Global and domestic factors will affect output Speed and capacity Restoring trust in IBC must be a priority Indian rupee goes digital Digital currency and fail-safe wireless connectivity should have preceded demonetisation Global arms sales: Change is underway There are signs of a significant shift away from the world's major weapons-producing region, with impressive gains for China, and to an extent, ... » Read More Stories in Opinion
Finance Bank frauds from card, net-based transactions rise, shows RBI report In terms of the number of frauds, the modus operandi seems to have shifted to card or internet-based transactions Monetary policy making: 2022 was year of reset, 2023 could be a long pause 25 bps raise likely in Feb, before RBI hits status quo button, feel experts » Read More Stories in Finance
Technology Key tech reforms like data protection, revised IT rules, expected in 2023 As India aspires to become $5 trillion economy, it needs sharper regulations to tame Big Tech from misusing market dominance. Will 2023 finally ... » Read More Stories in Technology
PF Income tax exemption might be extended to Rs 5 lakh in budget, say sources The government is likely to enhance the income tax exemption limit to Rs 5 lakh from the existing Rs 2.5 lakh in the forthcoming budget for ... » Read More Stories in PF
Beyond Business Bitter medicine for pharma regulation The Gambian tragedy has raised uncomfortable questions about drug regulation in India. The Truth Pill is a depressing but eye-opening reality ... » Read More Stories in Beyond Business
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