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Daily Newsletter
19 January 2023
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 61045.74 (390.02) NIFTY 18165.35 (112.05) GOLD (MCX 10 GM) 56271.00 (-81.00) SILVER (MCX 1 KG) 68188.00 (-998.00) USD ($) / INR(Rs) 81.53 (0.29)
Front Page IBC overhaul seeks to give adjudicating authority a power boost MCA proposes specialised framework for realty projects 'Hard choices', says Satya Nadella as Microsoft cuts 10,000 jobs The impact of the move on its Indian operations could not be ascertained GoMechanic cooked the books, says investors as 70% staff laid off According to people in the know, investors may now ask GoMechanic founders to take leave of absence Amazon back as world's most valued brand, Apple down to No 2: Brand Finance Tech brands lose value; Tata Group and Infosys climb the charts Price war comes to EVs as Tata makes Nexon cheaper after M&M's new launch Tata says the move was taken after the company received benefits from additional locations, government initiatives, and production efficiency WEF 2023: India to become a $26 trillion economy by 2047, says EY report The report says India is most likely to overtake Germany and Japan to become the third-largest economy after China and the US by 2030 Wheat prices climb amid delay in open-market sales by the Centre The spike in prices coupled with almost-empty pipelines has renewed calls from flour mill owners for the government to liquidate some part of ... Crude compulsions in Budget: Oil prices to put pressure on govt finances Freeing the industry from administrative pricing could be the best way forward T+1 transition's final leg litmus test for foreign investors' heavyweights Industry experts are of the opinion that the success of the T+1 settlement cycle will hinge on institutional traders -both foreign as well as ...
Companies Twitter's 27-hour online auction as Elon Musk grapples with rent 500 advertisers have paused spending on Twitter since Musk took over: Report SII seeks inclusion of Covovax in CoWIN portal as booster dose for adults Covovax is manufactured through technology transfer from Novavax Paint industry could see further downsides on demand, competitive pressures Q3 could see weak volumes; hurdle for incumbents is new entrants in the sector NCLT asks lenders to delay round of second auction for Reliance Capital Reliance Capital has a consolidated debt of about Rs 40,000 crore » Read More Stories in Companies
Economy & Policy WEF 2023: US debt crisis clouds Davos optimism on global economy More than a decade after one debt-ceiling standoff led to a sovereign US rating downgrade, financial-market turmoil and a weakened economic ... Big Oil peddled the big lie, says UN chief Guterres at WEF 2023 UN Secretary-General Antonio Guterres delivered his message on the second day of the elite gathering of world leaders and corporate executives ... High inflation causing tension between monetary and fiscal policy: Gopinath On what needs to change, she said for the countries to manage such a difficult trade-off right, fiscal policy has to play a role Dec traffic at major ports sails to highest in FY23, rises 10.4 per cent Twelve major ports handled cargo of 69.5 million tonnes in December, which is highest during current fiscal year » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Edelweiss.Fin. 75.25 2.03 Eureka Forbes 521.00 -1.61 BSE TOP GAINERS Company Price (Rs) Change (%) Polyplex Corpn 1672.80 11.70 Just Dial 674.50 5.97 BSE 52-WEEK LOW Company Price (Rs) Change (%) Balaji Amines 2441.50 -2.19 FSN E-Commerce 129.00 -3.19 BSE TOP LOSERS Company Price (Rs) Change (%) Minda Corp 228.50 -5.36 Star Health Insu 538.65 -4.64 FTX assets: Lawyers located billions in cash and crypto located In just three years, FTX, founded by Sam Bankman-Fried, had swiftly put money into a hodgepodge of assets Sebi penalises individual for manipulating Panafic Industrials share prices The order came after Sebi received complaints alleging receipt of SMS urging investors to buy the scrip of PIL Gold prices reverse course to trade higher as US dollar loses ground Despite the gains on Wednesday, prices have pulled back from their highest level since April 2022, reached on Monday Q3 preview: Metal firms' sales likely to flatten, profits may plunge Earnings may bottom out during Oct-Dec quarter, say analysts » Read More Stories in Markets
Opinion Overtaking China New population estimates have wider implications Margin of safety ASBA must be properly tested for secondary markets Envisioning a truly smart city The success of the smart city mission depends on urban local bodies, and it is imperative to carve out a bigger role for them in the national ... The bicycle theory of the 2023 Budget Lowering the fiscal deficit to sustainable levels will be the biggest challenge for the government, but there are enough reasons for it to keep ... » Read More Stories in Opinion
Finance ICICI Prudential Life Insurance confident to cross FY23 VNB target by March It is the second-largest private player in terms of VNB SBI raises Rs 9,718 cr via second tranche of infrastructure bonds at 7.70% This is the second fund-raising since early December when it had mopped up Rs 10,000 crore via infra bonds IndusInd Bank posts bigger-than-expected Q3 net jump of 68% to Rs 1,959 cr Analysts were expecting a profit of Rs 1,859 crore, according to Refinitiv IBES data Central Bank Q3 net rises 64.16% at Rs 458 cr on improved margins State-owned lender reports first full quarter after exiting regulator's Prompt Corrective Action regime » Read More Stories in Finance
Technology World entering golden age of artificial intelligence: Microsoft CEO Nadella ChatGPT answers complex questions via short prompts on a vast array of topics, and even writes lyrics and poetry » Read More Stories in Technology
Beyond Business Quitting can be good for you Human beings find it hard to quit, but life is too short to be wasted on endeavours not worth sticking to. Annie Duke's book illustrates the ... » Read More Stories in Beyond Business
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