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Daily Newsletter
7 December 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 62626.36 (-208.24) NIFTY 18642.75 (-58.30) GOLD (MCX 10 GM) 53786.00 (281.00) SILVER (MCX 1 KG) 65467.00 (281.00) USD ($) / INR(Rs) 81.38 (0.2)
Front Page Remarkably resilient: World Bank ups FY23 India growth forecast to 6.9% Says strong macro fundamentals place country in good stead Vodafone Idea's fundraising put on hold as govt delays equity call The development spells further trouble for the company, which has an overall debt pile of Rs 2.2 trillion including hefty dues to the government Trade settlement in rupee: Govt, RBI devise country-specific plan To start with, a small number of banks will be allowed to manage cross-border transactions in domestic currency with a particular country Transactions in CBDC pilots gather pace, all minor glitches fixed swiftly Wholesale segment averages Rs 325 crore per day in November Eye on maximum value, lenders say no to Reliance Capital liquidation "Lenders will decide on the further course of action, including the stance for negotiations on Friday," the source said Govt clarifies foreign funds can own over 51% stake in IDBI Bank This comes ahead of the December 16 deadline for potential bidders to submit EoIs for picking up majority stake in the private sector lender Winter session: Oppn demands discussion on border issue with China Matters will be taken up in keeping with House norms: Centre at all-party meet Vizhinjam protest against Adani port called off after 138 days Govt has already told agitators that construction work won't be stopped, but is said to have accepted all their demands ICICI Bank, Axis Bank likely to raise Rs 5,000 cr each via bond sales ICICI likely to issue long-term bonds, Axis mulls infra bond sale 30% edible oil consumption in a year from GM sources, say experts Pro and GM groups slug it out ahead of SC hearing on GM mustard case tomorrow
Companies Hitachi Rail wins bid to run automatic Metro train operations: CMRL A consortium led by Hitachi Rail has emerged winner for the largest signalling tender worth Rs 1,620 crore that would enable automatic train ... SoftBank-backed Cars24 eyes small towns to sell used cars in India The company more than doubled its India revenue in 2022 to Rs 6,008 crore from Rs 2,776 crore in 2021 Microsoft to train, certify over 100k Indian software developers in a month IT company Microsoft will train and certify over 1 lakh software developers in India in a month under its pan-India "Future Ready Champions of ... Siemens lowest bidder for mfg 1,200 electric locomotives worth Rs 20,000 cr Engineering firm Siemens has emerged as the lowest bidder for a project for manufacturing 1,200 electric locomotive of 9000 HP (horse power) ... » Read More Stories in Companies
Economy & Policy Restricted judicial review doesn't mean court will sit back: Supreme Court The Supreme Court on Tuesday said limited scope of a judicial review in economic policy matters does not mean that court will fold its hands and ... Headwinds to more than halve H2 growth to 4-4.5%: India Ratings The many rising headwinds, both domestic as well as external, will more than halve the GDP growth to 4-4.5 per cent in the second half of ... PM congratulates UN for launch of International Year Of Millets 2023 Prime Minister Narendra Modi on Tuesday congratulated the United Nations and the Food and Agriculture Organisation (FAO) for the launch of the ... Trade restrictions are increasing, especially on food, says WTO The World Trade Organization said in a report on Tuesday that countries were introducing trade restrictions at an increased pace, particularly ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Aditya Birla Cap 158.45 -0.09 Bank of Baroda 174.45 1.42 BSE TOP GAINERS Company Price (Rs) Change (%) Pun. & Sind Bank 29.95 19.56 Jindal Stain. 197.10 10.05 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) Easy Trip Plann. 55.95 -8.65 Lemon Tree Hotel 94.30 -4.26 Concord Biotech, Vaibhav Gems get Sebi's approval to float IPOs Rare Enterprises-backed Concord Biotech and regional jewellery brand Vaibhav Gems N' Jewellers have received capital markets regulator Sebi's ... Valuations in 'high optimism zone' as Nifty forward P/E tops 20x: ICICI Sec Historically, one-year returns for the markets have been tepid whenever valuations have been in this zone, reveals a study by the brokerage Target prices show shine ahead for gold; experts see upside for financiers Analysts' target prices also indicates good upside for gold financiers Sebi may soon introduce framework on ESG rating providers, say sources Standardisation woes slow ESG reform push; industry for uniform assessment criteria » Read More Stories in Markets
Opinion India's sunshine village The solarisation of Modhera in Gujarat demonstrates the transformational possibilities of solar power Denting democracy India is heading for judicial authoritarianism as the system of checks and balances has gone askew Pollution crisis Delhi needs local solutions Fixing gas prices Producers should have policy certainty » Read More Stories in Opinion
Finance Rupee at over 1-month low on renewed Federal Reserve rate hike fears Indian currency underperforms EM peers; analysts cite shrinking forward premia, widening CAD CBDC versus the rest: Can RBI's digital currency replace physical cash? The central bank digital currency is unlikely to replace cash and other digital mediums of transactions but could coexist with them Rupee falls 76 paise to close at 82.61 against dollar amid selling pressure The rupee declined by 76 paise to close at 82.61 against the US dollar on Tuesday due to heavy selling pressure in domestic equities and rising ... RBI Monetary Policy: Expect 35 bps repo rate hike tomorrow, say experts RBI Policy: After an initial rate hike of 40 basis points on May 4, the RBI has hiked the repo rate by 50 basis points thrice, on June 8, August ... » Read More Stories in Finance
Technology Rising battery prices threaten to derail arrival of affordable EVs There are several factors driving the uptick in prices, but the single most important one is rising costs for materials including cobalt, nickel ... Qualcomm introduces long-range platform for efficient outdoor 5G Chip-maker Qualcomm on Tuesday introduced a new 5G RAN Platform that can boost the signal range by up to 240 per cent, significantly reducing ... Google rolls out new features for Pixel devices including privacy settings Tech giant Google has started rolling out new features for Pixel devices, including new security and privacy settings Google subsidiary launches new anti-misinformation campaign in India Indian government officials have called on tech companies such as Google, Meta, and Twitter to take stronger action against the spread of fake ... » Read More Stories in Technology
PF 7.4% interest rate locked in for 10 years: Who should buy LIC's PMVVY SCSS, which offers 80C benefit, allows you to lock in at 7.6% for five years » Read More Stories in PF
Beyond Business Janet Yellen: For the people Two recent biographies offer insights into the life and work of the US Treasury Secretary. One is a tad more absorbing than the other » Read More Stories in Beyond Business
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