Daily Newsletter

Daily Newsletter
3 January 2023
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 61167.79 (327.05) NIFTY 18197.45 (92.15) GOLD (MCX 10 GM) 55172.00 (155.00) SILVER (MCX 1 KG) 69570.00 (157.00) USD ($) / INR(Rs) 82.82 (0.01)
Front Page 6.5% growth plausible in FY24, says EAC-PM chairman Bibek Debroy 'Global headwinds apart, there is consensus that the Indian economy this year (FY23) will grow 6.8-7 per cent' SC upholds 2016 decision on demonetisation by 4:1 majority verdict Dissenting judge Nagarathna says 2016 note ban legally flawed Markets cheer the new year; Sensex gains 327 points, Nifty ends at 18,197 The benchmark Sensex rose 327 points to end the session at 61,168 , a gain of 0.5 per cent. The Nifty, on the other hand ended the session at ... Costs near Rs 10K crore, Swiggy losses widen 2x to Rs 3.6K crore Its FY22 results show 2.3x improvement in revenue MCA concludes demerger hearing of Shipping Corp, may approve soon: Sources The move could expedite the Centre's stake sale plan for the national carrier Dec manufacturing PMI at 26-month high of 57.8 as production picks up Growth in new orders and output enable factories to end 2022 on a strong note: Survey Trade in rupee with Russia: A good start with tea, pharma, engg goods items Such transactions kicked off a week ago and are gradually expected to pick up pace amid the government's efforts towards ironing out the ... Centre proposes self-regulatory body for online gaming companies The gaming companies will have to appoint a Grievance Officer who will be an employee of the online gaming intermediary and shall be a resident ... The New Year looks decidedly gloomy in India's political neighbourhood Three key countries with which India has economic ties - Sri Lanka, Bangladesh and Nepal - are facing risks that appear to be worsening Switch Mobility becomes L1 bidder for 3 of 8 mega electric bus tenders Makes bids for 2,500 e-buses, PMI second with 2,080 electric buses
Companies Refrigerator prices may rise up to 5% as BEE labelling norms kick in Prices of refrigerators are likely to increase by up to 5 per cent as the revised norms of the Bureau of Energy Efficiency (BEE) have become ... WhatsApp leak case: Insider trading charges against 11 entities nixed The case pertains to the circulation of UPSI in various private WhatsApp groups about certain companies, including Axis Bank, ahead of their ... Siva Shelters & Construction repays IL&FS debt worth Rs 80 crore IFIN, a subsidiary of IL&FS, the bankrupt infrastructure financing and construction company, had disbursed Rs 50 crore as loan to SSCL Chhawchharia objects to Kapoor using designation of Jet Airways CEO The monitoring committee consists of seven members: Chhawchharia is a non-voting member, three voting members selected by lenders and three ... » Read More Stories in Companies
Economy & Policy Paddy worth Rs 16,000 crore procured this season in Chhattisgarh The paddy procurement process started in the state-run primary cooperative societies' 2,600 procurement centres from November 1 S Jaishankar holds talks with Austrian counterpart; inks number of pacts External Affairs Minister S Jaishankar Monday held "open and productive" discussions with his Austrian counterpart Alexander Schallenberg on a ... Railways' slow run in freight traffic continues, grows 3% in Dec It earned Rs 1.2 trillion till Dec from freight, marking a growth of 16 per cent YoY DPIIT considering quality control norms for air coolers, water dispensers The Department for Promotion of Industry and Internal Trade (DPIIT) is looking to bring air coolers, bicycles and bottled water dispensers under ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Canara Bank 336.15 0.78 Jindal Stain. 252.90 5.75 BSE TOP GAINERS Company Price (Rs) Change (%) NCC 91.70 9.04 IRB Infra.Devl. 314.20 8.20 BSE 52-WEEK LOW Company Price (Rs) Change (%) AAVAS Financiers 1807.65 -2.05 Aurobindo Pharma 434.65 -0.78 BSE TOP LOSERS Company Price (Rs) Change (%) Multi Comm. Exc. 1458.05 -6.12 Pun. & Sind Bank 32.25 -4.87 Fund Pick: Aditya Birla Sun Life Short Term Fund a consistent outperformer Aggressive approach to outperformance PTC India shareholders approve final dividend of Rs 5.80 per equity share Power trading solutions provider PTC India on Monday said its shareholders have approved a final dividend of Rs 5.80 per equity share for ... Cash trading volume declines in 2022 amid muted returns, shows data Market experts said that though Indian markets outperformed peers the gains were not significant for retail investors who mostly dabble in cash ... 70-80% active large-cap MF schemes underperform benchmarks in 2022 2022 INERTIA Weak returns from minority allocation in small- and mid-caps, limited Adani exposure » Read More Stories in Markets
Opinion EPFO data shows employment dip The 46.34 million contribu­ting members in 2021-22 is much lower than the 48.92 mill­ion contributing members seen in the pre-pandemic year of ... A veteran's veterans Former RBI official P P Ramachandran's third book is a labour of love comprising little tributes to the people with whom, or under whom, he had ... Being pragmatic about energy sources The clean energy journey is going to be a messy one, with plenty of missteps, side turns and dead ends before the destination is reached Not yet out of the woods There are too many moving parts in play, and the market outlook for 2023 hinges on one's view of inflation and a US recession Lula in charge A stalling economy will challenge his welfarism The real debate Demonetisation matter had limited relevance » Read More Stories in Opinion
Finance Fundraising through AT1 and tier II bonds nearly doubles in 2022 Public-sector banks were in the market but the size of issues was relatively small Care Ratings upgrades Hinduja Leyland Finance's long-term debt to AA HLF is undergoing a reverse merger, which will help it get listed soon. The company also mobilised Rs 910 crore fresh capital from QIBs in ... State-owned Indian Bank hikes lending rates by up to 25 basis points State-owned Indian Bank on Monday increased lending rates, including the marginal cost of funds-based lending rates (MCLR), by up to 25 basis ... SBI, ICICI, HDFC Bank continue to be systemically important banks Lenders regarded as too big to fail; classification based on data they gave in March 2022 » Read More Stories in Finance
Technology How to secure personal data amid a breach: Here's a list of dos and don'ts As a series of data hacks, sale or ransom calls spook organisations in India, here is a list of dos and don'ts for personal data protection Apple data centre town heating plan may happen after a wait of 6 years Apple data centre town heating plan will likely happen after a wait of almost six years, the media reported Google starts rolling out full TV controls on its Home application These controls include volume up/down, un/mute, power on/off, play, pause, channel and a source list Promotional image of upcoming 'Samsung Galaxy Book 3 Ultra' leaked online The leaked image of the upcoming Book 3 Ultra showed the device's front view » Read More Stories in Technology
PF Small savings are an attractive option for investors in lower tax brackets Though debt mutual funds are currently offer yields to maturity that are marginally higher than small savings » Read More Stories in PF
Beyond Business The art of 'achieving' humility In Praise of Failure is maddening, disturbing, exasperating, seductive » Read More Stories in Beyond Business
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