Daily Newsletter

Daily Newsletter
6 January 2023
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 60353.27 (-304.18) NIFTY 17992.15 (-50.80) GOLD (MCX 10 GM) 55293.00 (-474.00) SILVER (MCX 1 KG) 68094.00 (-1224.00) USD ($) / INR(Rs) 82.81 (0.14)
Front Page Budget 2023-24: Govt may go easy on capital expenditure growth in FY24 Outlay for next year likely to be around Rs 9.5 trillion Sebi nod to reclassify govt holding in IDBI Bank as 'public' after sale But govt must ensure its voting rights in bank don't exceed 15% after sale 'Unprofessional': Aviation regulator slams Air India for urination incident Another incident of male passenger urinating on female flier on Paris-Delhi flight comes to light Amazon to axe 18,000 jobs globally; CEO blames 'uncertain economy' The job cuts - about 80 per cent higher than earlier estimates - are part of Amazon's annual operating planning review process This is India's moment to shine, says Microsoft CEO Satya Nadella I feel this is India's moment. India is taking the lead to contribute towards not just digital technology, but policy as well. I think that ... XBB prevalent Covid variant in international travellers, show India's tests Omicron variant blamed for 40% of all cases being reported in the US TCS pushes the pedal to get self-driving cars on road with new algorithms The algorithms are trained and tested using 300,000 kilometres of real time vehicle data Foreign banks rush to find plan B as ESMA-BoE ban on CCIL looms Foreign lenders, RBI in talks to find satisfactory alternative mechanisms Auto retail sales dip 5% in December after two-month cruising: FADA The Indian auto industry's domestic PV sales in December 2022 were 276,000 units, 8.3 per cent higher than in December 2021, according to ... Trade dispute: India likely to propose out-of-court settlement to US India may take up the matter on the sidelines of the India-US Trade Policy Forum (TPF) in Washington on January 11, a person aware of the matter ...
Companies Startup movement picked up momentum in India: Union Minister Jitendra Singh Union Minister Jitendra Singh on Thursday said the startup movement has picked up momentum in the country and led to the creation of over 80,000 ... Now connect to WhatsApp by choosing proxy server if denied the right Meta-owned WhatsApp launched a proxy support for users all over the world, like millions of people in Iran and elsewhere who continue to be ... AI confirms incident of passenger urinating on co-passenger's seat, blanket Air India confirmed that a passenger on Air India flight 142 from Paris to Delhi on Dec 6 relieved himself on the vacant seat and blanket of a ... Srei's CoC to take cognizance of the valuation report on Friday The Committee of Creditors (CoC) of Srei lenders will take cognizance of the valuation report of the twin Srei Group companies undergoing a ... » Read More Stories in Companies
Economy & Policy Need to adopt new farming technologies to raise farmers' income: Tomar Union Agriculture and Farmers Welfare Minister Narendra Singh Tomar on Thursday stressed on the need to adopt new technologies in farming to ... Important to put curbs on cross-border data flow: CAIT writes to minister The proposed legislation should also clarify that in the event of conflicts with sectoral rules and regulations Centre to spend Rs 8,400 cr for foodgrain distribution among poor in Odisha Union Minister Dharmendra Pradhan on Thursday claimed that the Centre spends Rs 8,400 crore for distribution of the food grain among poor people ... Logistics, defence see MoUs worth Rs 16,400 crore in Uttar Prades The agreements were inked recently with the companies incorporated in the US and Canada, a senior government official said » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Abbott India 22090.35 0.67 Apollo Tyres 338.40 5.50 BSE TOP GAINERS Company Price (Rs) Change (%) Engineers India 84.85 7.54 Apollo Tyres 338.40 5.50 BSE 52-WEEK LOW Company Price (Rs) Change (%) AAVAS Financiers 1731.10 -1.78 Balaji Amines 2555.25 -2.32 BSE TOP LOSERS Company Price (Rs) Change (%) Bajaj Finance 6099.85 -7.21 Bajaj Finserv 1468.55 -5.10 Time till Jan-end for entering details of non-convertible securities: Sebi Capital markets regulator Sebi on Thursday extended the timeline till January-end for entering the details of existing outstanding ... Stocks skid for second day as hawkish Fed weighs; Bajaj Finance falls Continuous foreign fund outflows added to the selling pressure, market participants said. Indian markets looking better in 2023: Franklin Templeton's Radhakrishnan In an interview to Bloomberg television, he also said that valuations have become more moderate, allowing for more reasonable return ... Profit-booking takes some sheen off gold; commodity hits all-time high The yellow metal had closed at Rs 56,195 per 10 gram in the previous trade. Silver also plummeted Rs 1,475 to Rs 69,286 per kilogram » Read More Stories in Markets
Opinion The spirit of the law Post-auction bids will delay insolvency resolution Rules of conduct On-board unruliness demands stronger policies Energy transition in numbers It is a mixed bag for clean tech in 2023. The number of charging stations and solar installations are set to rise, but higher battery prices ... Time to take stock India's military is unique in facing a multiple-front threat without a long-term security strategy Content marketing post-ChatGPT Creation of tools like ChatGPT that are powered by AI systems, is set to create new playing field for copywriters. Will we see more brands ... » Read More Stories in Opinion
Finance First Abu Dhabi Bank PJSC explored offer for Standard Chartered A deal would create a bank with over $1 trn of assets; FAB has been assessing a deal for over 6 months Banks, FIs should play key role in financing NIP projects: DFS secy NIP has expanded to over 9,000 projects covering 34 infrastructure sub sectors » Read More Stories in Finance
Technology ASUS to release a new Xbox controller with built-in OLED screen The OLED display (128 x 40 resolution) will mostly be used for switching profiles during games or for checking charging or mic status or ... DIZO set to launch Watch D Pro smartwatch in India on Jan 9: Details here Realme's DIZO announced the Watch D Pro smartwatch will be available for purchase on Flipkart » Read More Stories in Technology
PF Don't let weak returns of ELSS category in 2022 deter you; stay invested These funds can fetch double-digit returns over long term which debt tax-saving products can't » Read More Stories in PF
Beyond Business Layers in the hijab debate The hijab has many layers. A collection of 17 essays, mostly from India and with some from Bangladesh and Iran, attempts to present some of them » Read More Stories in Beyond Business
Follow us on Opt out of this newsletter | Manage your subscription | View this email in a web browser For assistance, email at assist@bsmail.in If this was a forward, subscribe for your personal copy Make sure this email is not delivered to your "junk/spam/promotions" folder, add the sender's ID "businessstandard@business-standard.net.in" to your Address Book.