Daily Newsletter

Daily Newsletter
5 January 2023
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 60657.45 (-636.75) NIFTY 18042.95 (-189.60) GOLD (MCX 10 GM) 55818.00 (288.00) SILVER (MCX 1 KG) 70159.00 (242.00) USD ($) / INR(Rs) 82.67 (-0.01)
Front Page I-T dept steps up efforts to recover tax arrears of over Rs 7.7 trillion CBDT in Dec 21 meeting discuss measures to clear backlog; asks to focus on cash collection of Rs 2.05 trillion Major setback for Google as NCLAT refuses interim stay on CCI order Tribunal asks Google to deposit 10% of Rs 1,330 cr penalty levied by CCI; next hearing on April 3 NARCL emerges as the top bidder for SREI twins with an NPV of Rs 5,555 cr Submits highest net present value bid of Rs 5,555 cr; process may complete by early FY24 Cabinet approves Rs 19,744 cr for National Green Hydrogen Mission Plan to have four components; domestic manufacturing of electrolysers key focus area CCEA approves Rs 2,539 crore BIND scheme for modernising Doordarshan, AIR Largest outlay by government, say experts; I&B Ministry had spent over Rs 2,300 cr to modernise DD, AIR between 2014 and 2021, it disclosed in ... FPI selling and decline in heavyweights pull Sensex 637 points down The Nifty fell 189 points to end the session at 18,043 a decline of 1.04 per cent Male passenger who urinated on woman banned by Air India for a month Airline sets up internal committee to probe lapses on part of Air India crew that did not report the incident Dec services PMI at a 6-month high, thanks to stronger inflow of new biz The headline figure has now been in the expansion zone for seventeen consecutive months since August 2021 RBI lifts ban on M&M Finance for outsourcing recovery, repossession agents On September 22, the regulator barred Mahindra Finance from carrying out any recovery or repossession activity through outsourced agents FMCG cos expect fewer price hikes, robust growth in 2023 despite headwinds Industry strong enough to withstand another Covid hot for at least two quarters; global recession to have little impact; rural demand remains a ...
Companies CBI chargesheets CG Power, ex-promoter Thapar in Rs 2,435-cr fraud case The CBI has filed a charge sheet against CG Power and Industrial Solutions and its former promoter Gautam Thapar in an alleged Rs 2435-crore ... EU's privacy watchdog fines Meta $414 mn for ads based on online activity EU's privacy watchdog tells firm it can't use its contracts with users to justify sending them such ads LG Electronics announces appointment Hong Ju Jeon as MD for India business South Korean consumer electronics major LG on Wednesday announced the appointment of Hong Ju Jeon as the Managing Director of its India ... Indus Towers appoints Prachur Sah as MD & CEO, to suceed Bimal Dayal Telecom infrastructure company Indus Towers on Wednesday said it has appointed Prachur Sah as managing director and chief executive officer of ... » Read More Stories in Companies
Economy & Policy India, France expected to hold high-level strategic dialogue on Thursday India and France are expected to take stock of their overall security cooperation during a high-level dialogue on Thursday. The two sides will ... Tamil Nadu Cabinet gives nod to industrial projects worth Rs 15,610 crore The Tamil Nadu Cabinet on Wednesday approved industrial projects to the tune of Rs 15,610.43 crore, said Industries Minister Thangam Thenarasu ... Need greater synergy among skill development schemes of ministries: Pradhan Union Minister Dharmendra Pradhan on Wednesday called for creating greater synergy among skill development schemes of all ministries, further ... Govt okays Rs 28 cr to extend interest-free loan to tobacco farmers in AP The government on Wednesday said it has approved Rs 28.11 crore to extend the interest-free loan to tobacco farmers of Andhra Pradesh. This ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Axis Bank 957.40 -0.55 Equitas Sma. Fin 59.75 0.42 BSE TOP GAINERS Company Price (Rs) Change (%) Prism Johnson 111.35 8.00 Carborundum Uni. 929.75 4.73 BSE 52-WEEK LOW Company Price (Rs) Change (%) AAVAS Financiers 1762.50 -2.01 Galaxy Surfact. 2445.80 -0.86 BSE TOP LOSERS Company Price (Rs) Change (%) Lloyds Metals 243.15 -4.67 KIOCL 217.30 -4.46 Oil sinks over 8% in 2 days to below $79, biggest one-day loss in 3 months Brent futures fell $3.70 to $78.40 a barrel, a 2.9 per cent loss. US crude dropped 3.5 per cent, to $73.36 per barrel. Both benchmarks plunged ... Radiant Cash Mangement's shares end debut session at an 11.4 % premium The company plans to use the proceeds of the fresh issue to fund its working capital requirements and capital expenditure requirements for the ... Gold prices rise to mid-June highs as markets look to US Fed minutes The market now awaits the 2 p.m. EST release of the minutes from the Fed's Dec. 13-14 policy meeting Asian stocks in 2022 suffer biggest foreign outflows since 2008 crisis After four straight 75-basis point hikes earlier in 2022, the US Federal Reserve raised its overnight borrowing rate by another 50 basis points ... » Read More Stories in Markets
Opinion Opportunities and choices in the Budget Fiscal consolidation is needed if India is to seek sustainable private sector-led growth India in the GVC diversification strategy: A reality check For MNCs relocating from China, India needs substantial catching up relative to Vietnam to be considered a significant contender Fair game Govt should not overregulate the gaming industry Cost advantages Nano-fertilisers will reduce subsidy outgo » Read More Stories in Opinion
Finance Turnaround of PSBs: From Rs 85K-cr loss in 2017 to nearing Rs 1-trn profit Public sector Banks have travelled a long distance since 2017 when they posted a net loss of Rs 85,390 crore to a profit of Rs 66,539 crore in ... Pvt banks to report healthy earnings in Q3, aided by robust credit growth Credit growth in the banking system is touching decadal highs but deposit growth has lagged Odisha-based Annapurna Finance applies for universal bank license Established in 2009, the MFI has been promoted by People's Forum, a society registered in Odisha, which comes under the RBI's NBFC-MFI category Bajaj Finance loan booking up 5.5% in Q3FY23, hits lifetime high of 7.8 mn The company also recorded its highest ever quarterly increase in customer franchises at 3.1 million » Read More Stories in Finance
Technology Windows 7, 8.1 to stop getting critical security updates from Jan 10 Last year, Microsoft announced the end of support date for the Edge web browser on both Windows 7 and Windows 8/8.1 on January 10. Satya Nadella puts ChatGPT to test, asks it to rank Mumbai's street food Using Mumbai's "best" Vada Pav as an example on the ChatGPT, Nadella highlighted that the emergence of a new "reasoning engine" Apple may upgrade camera sensors to 48MP in vanilla iPhone 15 model: Report Though the vanilla iPhone 14 variant was a disappointment for some as it arrived with the same old 12MP cameras, it seems like Apple will ... Apple Arcade to get 3DS Pocket Card Jockey's remake, says Pokemon developer Meanwhile, Apple Arcade launched a new classic driving game 'JellyCar Worlds', and brought updates to many games, including 'Sneaky Sasquatch' » Read More Stories in Technology
PF The deadline to file updated income tax returns is March 31, 2023 It may entail a higher tax at this stage, however, the taxpayer avoids the risk of paying a penalty » Read More Stories in PF
Beyond Business Taming the dragon Getting China Wrong is a succinct analysis of US policies towards China, what motivated them and how they failed. Besides discussing the vexed ... Amazon secures $8 bn in term loan to safeguard against economic headwinds Amazon has frozen hiring for corporate roles in its retail business » Read More Stories in Beyond Business
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