Daily Newsletter

Daily Newsletter
7 January 2023
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 59900.37 (-452.90) NIFTY 17859.45 (-132.70) GOLD (MCX 10 GM) 55750.00 (460.00) SILVER (MCX 1 KG) 69178.00 (1100.00) USD ($) / INR(Rs) 82.76 (-0.05)
Front Page India's GDP likely to grow 7% in FY23: NSO's first advance estimates The RBI and the World Bank have projected 6.8 per cent and 6.9 per cent GDP growth respectively for FY23 Price stability top priority for South Asia: RBI governor Shaktikanta Das 'Approach to disinflation' needs to consider risks to growth outlook, says Shaktikanta Das RBI details maiden sovereign green bond sales worth Rs 16,000 cr Government to sell 5-year, 10-year green bonds on Jan 25 and Feb 9 Markets decline on heavy FPI selling; Sensex slips below 60,000 FPIs sold shares worth Rs 2,902 cr, according to provisional data from exchanges Report improper behaviour during flights promptly: Air India CEO to staff DGCA issues advisory on unruly behavior in aircraft Torrent group now offers Rs 8,640 crore upfront for Reliance Capital Banking sources said the Challenge Mechanism auction process in the Reliance Capital resolution provided for bidding of only the NPV (net ... Gautam Adani among potential suitors for a stake in govt-backed PTC NTPC, NHPC, Power Grid, and PFC looking to sell stakes of around 4% each A growth glitch for Freshworks amid stalling economy, class action suit Despite bumps on the route, insiders believe that the company is still aiming for the sky Govt yet to approve BIS certificates for 160 Chinese toy companies The delay has been mainly due to the disruptions caused by the Covid-19 pandemic in China Q3 results preview: FMCG companies may see strong revenue growth Rural demand continues to remain under pressure
Companies NCLT admits insolvency plea filed against Future Supply Chain Solutions The National Company Law Tribunal (NCLT) has on Friday admitted the insolvency plea filed against Future Supply Chain Solutions Ltd ... Drug firm Gland Pharma to fully acquire Europe-based Cenexi Group Drug firm Gland Pharma on Friday said it has inked a pact with FPCI Sino French Midcap Fund to acquire 100 per cent stake in Europe-based Cenexi ... Asset under management likely to be around Rs 9 trillion in FY23: PFRDA Pension regulator Pension Fund Regulatory and Development Authority (PFRDA) on Friday said the asset under management is likely to be around Rs ... Aditya Birla Fashion and Retail proposes to raise Rs 500 crore through NCDs Aditya Birla Fashion and Retail Ltd (ABFRL) plans to raise Rs 500 crore through issuance of bonds on private placement basis. "The company ... » Read More Stories in Companies
Economy & Policy India's GDP growth estimates may be revised by one percentage point The average variation in growth may be as high as a percentage point over the last six years Prasar Bharati evaluating possibility of coming up with OTT channel Prasar Bharati is "evaluating" the possibility of coming up with an OTT platform months after it signed an agreement with YuppTV to expand the ... Optional tax regime aims to provide relief to low-income bracket people: FM Finance Minister Nirmala Sitharaman on Friday said the optional income tax regime with seven tax slabs was brought in by the government to ... Govt issues rules to make entities pay for causing damage to telecom infra The government has notified new rules to make entities pay for damages that they may cause by digging or excavating to telecom infrastructure ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Abbott India 22342.65 1.14 Apollo Tyres 327.80 -3.13 BSE TOP GAINERS Company Price (Rs) Change (%) IDBI Bank 59.05 7.85 Radico Khaitan 1069.60 5.64 BSE 52-WEEK LOW Company Price (Rs) Change (%) AAVAS Financiers 1744.50 0.77 Balaji Amines 2551.05 -0.16 BSE TOP LOSERS Company Price (Rs) Change (%) General Insuranc 180.70 -7.36 New India Assura 127.80 -5.54 Gold declines Rs 153 amid weak global trends Gold price in the national capital declined Rs 153 to Rs 55,650 per 10 grams on Friday amid a fall in precious metal prices globally, according ... BSE signs MoU with Goa govt to promote development of SMEs Leading stock exchange BSE on Friday said it has joined hands with the government of Goa for the development of SMEs (Small Medium Enterprises) ... Sebi permits AMCs to provide advisory services to all FPIs at IFSC Markets regulator Sebi on Friday permitted asset management companies (AMCs) to provide management and advisory services to all FPIs operating ... Sebi proposes standard approach for valuation of AIF investments The capital market regulator has also recommended appointment of independent valuers, specifically for unlisted entities » Read More Stories in Markets
Opinion The addiction stigma It is worth thinking about the deeper reasons that make people depend, often against their wishes, upon substances that ruin their health and ... Consumer trends that will shape 2023 From renting luxury items to recommerce and using AR to make purchase decisions - the customer will get smarter, more realistic and more prudent ... A tough job for the BJP in Karnataka There is no doubt Prime Minister Narendra Modi's appeal remains undiminished, but to leverage that in Karnataka, the BJP will need a strong ... GDP for FY23 calls for guarded optimism According to the Advance Estimate released by the statistics and programme implementation ministry, the Indian economy has grown by 7 per cent ... How sustained 6.5% growth for the rest of the decade can be realistic Growth beyond 6% can happen, but there are constraints on both fiscal and monetary policy, which must focus on reducing the current account ... » Read More Stories in Opinion
Finance Employee strength of banks in pvt space almost equals PSBs': RBI data The headcount in small finance banks was 14,179 in 2016-17, when they arrived on the scene Forex reserves up by $44 mn to $562.85 bn on rise in RBI gold reserves Foreign currency assets declined by $302 mn to $498.19 bn in week ended Dec 30 Rupee closes at 82.71 against dollar amid muted trend in domestic equities The rupee pared initial gains and settled 9 paise lower at 82.71 (provisional) against the US dollar on Friday, tracking a rebound in the ... Rupee, worst emerging Asia currency of 2022, likely to fall further RBI may mop up any inflows to boost its foreign-exchange reserves, a move that may also work against the rupee » Read More Stories in Finance
Technology Big Tech uneasy over call for introduction of a digital competition law Govt studying Parl panel's recommendations to introduce new rule to ensure transparency Zoom announces human avatars to its virtual conferencing, meeting app Video conferencing platform Zoom has announced human avatars to its meeting app, which will let users appear as a cartoon version of themselves CES 2023: US firm ASKA unveils world's first 4-seater flying electric car The ASKA A5 is the world's first four-seater flying car that can travel by road, and up to 250 miles by air on a single charge Google rolling out new split-screen user interface to Android Auto The new design updates and feature improvements will provide users a "more personal, easy-to-use experience," the tech giant said in a blogpost ... » Read More Stories in Technology
PF PFRDA expects AUM of Rs 9 trillion by end of FY23, shows data Amongst the newer assets, PFRDA has invested around Rs 1,100 crore in REITs and InvITs, accumulating better returns than all other categories You can't pick next yr's winner asset class, so build diversified portfolio Give higher weight in your core portfolio to asset classes that offer greater stability Gained in translation: Why spending on learning Indian language makes sense As companies seek to impress people in all parts of the country, there is a demand for expertise in local dialogue Diversify your investment portfolio by style to include value funds Don't exit growth-style funds as they may benefit next from a shift in investor preference » Read More Stories in PF
Beyond Business Late swing Wasim Akram's readable memoir reveals little that is new while strengthening the myths of old » 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.