Daily Newsletter

Daily Newsletter
4 January 2023
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 61294.20 (126.41) NIFTY 18232.55 (35.10) GOLD (MCX 10 GM) 55525.00 (347.00) SILVER (MCX 1 KG) 69905.00 (334.00) USD ($) / INR(Rs) 82.68 (-0.14)
Front Page Public-float rule: PSUs to remain exempt even after change of ownership Exemption for a 'specified period' may help IDBI Bank stake sale India will lead in AI use for solving 'real' issues, says Satya Nadella Microsoft CEO says cloud a game changer; 'tremendous momentum' in its adoption Govt starts probe into circuit board dumping by China, Hong Kong India imported PCBs worth $478 million from China and Hong Kong during the April-October period, constituting 55 per cent of the total Govt studying feasibility of setting up industrial parks for space tech It wants to ramp up indigenous manufacturing of satellite components, space launch vehicles, navigation systems Top carmakers post double-digit export growth with Maruti at the wheel Clock 11% growth in the first 11 months of 2022 Delhi Metro plans phase-5 as passenger traffic surges to pre-Covid levels \Route expansion in backseat, DMRC may focus on capacity addition Adani to pay Rs 26 cr to NDTV open offer sellers, match payment to founders Will pay Rs 48.65 more per share as there was a difference between open offer price and that paid to Roys last week for additional stake, say ... Cinema halls, multiplexes have the right to prohibit outside food, says SC Theatre owners have to let parents to bring food for infants and provide free drinking water to visitors Sebi returns OYO's draft IPO papers, asks to refile with certain updates Capital markets regulator Sebi has asked Oravel Stays Ltd, the parent company of travel-tech firm OYO, to refile the draft IPO papers with ... NCLT gives interim relief to Torrent, puts Hinduja's RCap offer on hold During the auction, Hinduja made an offer of Rs 8,110 crore, but raised it to Rs 9,000 crore and offered 100 per cent upfront cash to the
Companies BK Modi Group plans to invest $1 bn in 5 years in realty, wellness BK Modi Group plans to invest about USD 1 billion over the next five years in Indian real estate and wellness space as it sees huge growth ... Ashneer exhibited 'unruly, threatening behaviour' in AGM: BharatPe BharatPe said its former co-founder and MD Ashneer Grover exhibited "unruly, intimidating and threatening behaviour" towards the authorised ... Smartphone flattens internet growth curve in India, shows Trai data Even as usage rises, internet reach and growth has stalled RailTel ties up with tech firm to monetise Wi-Fi project at 6,100 stations RailTel, a PSU under the Ministry of Railways, has tied up with a technology firm in a bid to monetise its Wi-Fi project at more than 6,100 ... » Read More Stories in Companies
Economy & Policy NMCG sanctioned 43 projects worth Rs 2,056 crore in 2022: Centre The National Mission for Clean Ganga (NMCG) sanctioned 43 projects at a total cost of Rs 2,056 crore in 2022, taking the cumulative total to 406 ... Drawing new scheme for machinery manufacturing for leather industry: Goyal Commerce and Industry Minister Piyush Goyal on Tuesday said the government is considering a new scheme to support domestic manufacturing of ... Delhi govt's GST collection increases 22% to Rs 41,351 cr in Apr-Dec The Delhi government's goods and services tax (GST) collection increased 22 per cent to Rs 41,351 crore for the first three quarters ... Sugar firms may seek govt nod to retail green fuel from their own premises The plan is to convert sugar factories into full-scale 'green energy hubs' » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Apollo Tyres 325.50 -0.79 Axis Bank 962.65 2.25 BSE TOP GAINERS Company Price (Rs) Change (%) V-Mart Retail 3008.15 6.52 Mazagon Dock 833.45 5.75 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) Mahindra CIE 337.55 -3.61 TVS Motor Co. 1041.85 -2.93 The shine is back: Gold prices in India jump to highest in two years Gold had hit record highs of Rs 55,901 in August 2020. The yellow metal had closed at Rs 54,942 per 10 gram in the previous trade Sebi bans 4 entities from market for unauthorised advisory services Capital Markets regulator Sebi on Tuesday barred four entities from the securities markets for providing unauthorised investment advisory ... Norway's Norges Bank buys MCX shares worth Rs 50 cr in open market Norway's Norges Bank - Government Pension Fund Global on Tuesday bought 338,000 shares of Multi Commodity Exchange of India (MCX) for over Rs 50 ... HealthKart eyes foray into the US market, plans IPO in next 2-3 years HealthKart operates two verticals in the Indian market, MuscleBlaze, a sports nutrition brand, and HKVitals, an online health supplement brand » Read More Stories in Markets
Opinion Infra brushstrokes for the Budget There are seven key areas that the FY24 Budget needs to address to re-energise the infrastructure sector The jobs & technology trade-off Do we need to curb technology that replaces jobs? The jury is out Beyond civil society 'Protectionism' in social services is impractical Searching for growth Integration with global economy must increase » Read More Stories in Opinion
Finance HDFC Ltd assigns 19% higher loans worth Rs 8,892 cr in Q3 ending Dec 2022 Mortgage lender HDFC Ltd on Tuesday said it has assigned (sold) 19 per cent higher loans to the tune of Rs 8,892 crore in the third quarter ... Indian banks going through a purple patch: NPAs trending downwards Banks have been slow to pass the rate hikes on the liabilities while the assets side saw immediate revision PNB hikes fixed deposit rates by 50 basis points across various tenures Punjab National Bank (PNB) on Tuesday increased the interest rate of fixed deposits across various tenures by 50 basis points or 0.5 per cent in ... SBI to raise up to Rs 10,000 crore via infrastructure bonds in Q4 of FY23 UCO Bank mulls AT1 offering to raise Rs 1,000 cr » Read More Stories in Finance
Technology Microsoft Chairman hails India's digitisation journey, cloud adoption Digitisation initiatives in India and the work with digital public goods have been extraordinary, Microsoft Chairman and Chief Executive Officer ... Apple marks 3rd-gen iPad Mini as obsolete product, not eligible for repair The third-generation iPad mini was a popular iPad that launched in 2014 alongside the second-generation iPad Air Blaupunkt launches new soundbar 8-inch Woofer at Rs 7,999 in India It comes with the latest version of Bluetooth that covers a wide range and also comes with a digital display for instant information iPhone 15 Pro models may feature solid-state buttons, increased RAM Telephoto lens on the iPhone 15 Pro Max to feature periscope technology for increased optical zoom expected » Read More Stories in Technology
PF Govt retains 7.1% interest rate on GPF, other similar funds for Q4 The government on Tuesday kept the interest rate unchanged at 7.1 per cent for the subscribers of the General Provident Fund and other similar ... High portfolio yields to make debt funds an attractive option in 2023 Investors could also get the benefit of capital gains this year » Read More Stories in PF
Beyond Business A minority report In its lucidly written detail, Half American is a valuable and eye-opening social history of the second World War from a uniquely different ... » Read More Stories in Beyond Business
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