Daily Newsletter

Daily Newsletter
11 January 2023
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 60115.48 (-631.83) NIFTY 17914.15 (-187.05) GOLD (MCX 10 GM) 55703.00 (-161.00) SILVER (MCX 1 KG) 68338.00 (-562.00) USD ($) / INR(Rs) 82.21 (-0.42)
Front Page Luxury carmakers likely to see faster electric vehicle transition Overall, 37,000-38,000 luxury cars were sold in the country last year Markets decline on hawkish Fed signals; Sensex slips 632 points FPIs sell shares worth Rs 2,109 crore Bourses get Sebi's approval to launch derivatives on bond indices Sebi's decision is aimed at enhancing liquidity in the bond market. It will also give an opportunity to investors to hedge their positions Indian economy to grow at a robust 6.6% in FY24, says World Bank 'Limited spillovers' to Asia's third-largest economy, even as world 'perilously close' to recession Our qualified pipeline in this quarters $7.8 bn TCV has gone up: TCS COO We are executing well, gaining market share in vendor consolidation and revenue will start coming in from next few quarters and we are actively ... This Budget's focus should be on expenditure, not taxation: Pronab Sen Revival in capex in the non-corporate sector, which is our MSME (micro, small, and medium enterprises) sector, is beginning now Companies protest WHO guidelines to increase taxes on soft drinks Higher global taxes on carbonated drinks have not led to decline in consumption, say firms Big Tech's new reality in India: Stricter regulation, face-off with telcos All of a sudden, global tech giants are grappling with the prospect of more stringent regulation and domestic telco's demands for a level ... Results preview: RIL may see rise in sales but 10% decline in profit Profit growth while sequentially strong, may fall nearly 10 per cent from a year ago, due to fuel export taxes DGCA issues show-cause notice to Go First for leaving behind 55 passengers While the passengers were left behind at Bengaluru, their bags were not offloaded from the aircraft as per standard operating procedures
Companies Microsoft betting $10 billion on viral AI bot ChatGPT, says report ChatGPT has lit up the internet since launching at the end of November, gathering its first million users in less than a week Made-in-India TV shipment up 33%, TWS share grows 37% in Jul-Sep 2022 Shipments of indigenously made television grew by 33 per cent to over 5 million units in the July-September 2022 quarter compared to the ... Small, mid CPSEs likely to be on Centre's FY24 disinvestment list Government officials hinted that efforts were being taken to conclude stake sale of Shipping Corp and BEML by March Tata Motors completes acquisition of Ford's Sanand manufacturing plant Tata Motors on Tuesday said the acquisition of Ford India's manufacturing plant at Sanand through its subsidiary has been completed. In August ... » Read More Stories in Companies
Economy & Policy Fitch sees risks to India's target of raising natural gas' energy share Price volatility and infrastructure constraints will challenge India's target of increasing the share of natural gas in its primary energy to 15 ... Govt will soon launch new PLI scheme for IT hardware: Union minister The scheme will provide additional incentives for manufacturers and original equipment manufacturers (OEMs) who incorporate Indian-designed IP ... DESH Bill deadlock likely to force Cabinet secretary to step in The department of commerce finalised the new proposed SEZ law and sought inter-ministerial comments in June last year, with an aim to table it ... RBI not seen taking eye off inflation as prices may stay sticky in 2023 'Govt to continue fiscal prudence,' say bankers at book launch of Roller Coaster - An Affair with Banking by veteran journalist Tamal ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) CG Power & Indu. 289.70 0.16 Jindal Steel 599.10 -0.44 BSE TOP GAINERS Company Price (Rs) Change (%) Tata Motors 413.05 6.07 Sona BLW Precis. 447.50 5.92 BSE 52-WEEK LOW Company Price (Rs) Change (%) Atul 7699.30 -0.84 Galaxy Surfact. 2379.95 -0.78 BSE TOP LOSERS Company Price (Rs) Change (%) Adani Enterp. 3647.20 -5.37 IDBI Bank 55.95 -4.85 Multi Commodity Exchange of India launches online platform for arbitration Multi Commodity Exchange of India (MCX India) has launched an online web-based platform for expediting arbitration processes of investors and ... SIP of Indian mutual funds gathered Rs 13,573 crore from investors: Amfi Last month's SIP contribution was much higher than Rs 11,305.34 crore that was invested in December 2021 Equity mutual funds added Rs 7,300 crore in December, shows Amfi data Investors placed most bets on mid-cap and small-cap funds; liquid ones saw most outflows Nearly 28 million demat accounts added in 2022, shows data The pace of growth was 34.3 per cent, which was lower than that of 2021 which stood at 61.8 per cent » Read More Stories in Markets
Opinion Financialising the economy The sector is expected to outperform Conservative budgeting Fiscal space should be used carefully Timely response in governance Commentary on misgovernance dwells on misdemeanour, but perpetrators often do not demonstrate malintent. There are plenty of smoke signals, ... What is in a number? The system of releasing numerous GDP growth estimates over three years calls for an overhaul. Budget making will also benefit as a result » Read More Stories in Opinion
Finance NRE/NRO accounts with international mobile numbers can now use UPI The UPI ecosystem members have to comply with NPCI's directions by April 30, 2023 Bank of Maharashtra employees' union for term deposit rate hike Writes to management, says bank losing deposits to other lenders » Read More Stories in Finance
Technology OneWeb nearing completion of satellite constellation, deploys 40 satellites With 542 satellites now in orbit, OneWeb has more than 80 per cent of its first-generation constellation launched Microsoft's new AI tool 'VALL-E' can replicate any voice in just 3 seconds The tool was trained on 60,000 hours of English speech data, reports Gizmochina » Read More Stories in Technology
PF Invest in multi-asset funds for protection against downside risk Be prepared, however, for these funds to lag when there's a bull run in equities » Read More Stories in PF
Beyond Business The Raja of Big Things An eminently readable book by Carnatic music-loving corporate honcho, Kamini Dandapani, delves into the life and influence of Rajaraja Chola and ... » Read More Stories in Beyond Business
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