Daily Newsletter

Daily Newsletter
11 February 2023
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 60682.70 (-123.52) NIFTY 17856.50 (-36.95) GOLD (MCX 10 GM) 56732.00 (-120.00) SILVER (MCX 1 KG) 66667.00 (-363.00) USD ($) / INR(Rs) 82.64 (-0.11)
Front Page Adani-Hindenburg row: Supreme Court for expert panel on investors' safety Court asked regulator to file response detailing how a strong framework can be put in place Alibaba exits Paytm, sells remaining 3.3% stake for Rs 1,378 crore Over 22.8 million shares worth Rs 3,000 crore change hands in 15 blocks If needed, will allocate more for NREGA, says FM Nirmala Sitharaman Budget strikes balance between growth and fiscal prudence, she says in Lok Sabha India's drug regulator serves show-cause notice to online pharmacies Gives firms two days to respond to allegations that they flouted rules CCI order after-effect: Device makers may now pay Google for Android OS Sources party to the negotiations say that it is pretty much a given that most mobile device players will pre-install Google's apps for free ... Manufacturing drags industrial production growth to 4.3% in December In the first three quarters of FY23 (April- December), IIP grew 5.4 per cent against 15.2 per cent during the year-ago period Change in tack: Zomato's side ventures continue to outshine core business Zomato's quick commerce arm Blinkit saw its gross order value (GOV) increase by 18 per cent QoQ UP Global Investors Summit: RIL to pump in Rs 75K cr, expand 5G by year-end While inaugurating the UP Global Investor Summit, PM Modi says India is vital for global growth Ola rides down the value chain, accelerates into the mass market Ola is also pushing the pedal in the premium electric scooter market ( Rs 1 lakh to Rs 1.5 lakh) where it has a 50 per cent share Kissht to LazyPay: Centre revokes order blocking seven loan apps Decision taken after presentations from the platforms and reviewing documents justifying compliance, says official
Companies Kanorias make an offer under Section 12A to take Srei out of insolvency They feel that existing resolution plans under consideration by the Srei CoC fail to offer a fair and equitable consideration to both creditors ... Strong demand outlook likely to power Cummins India's growth While valuation is not cheap, positive brokerage views to support stock NCLT admits application seeking CIRP against McLeod Russel India IL&FS sought to initiate CIRP against McLeod Russel in connection with a default in payment in 2019 Glenmark Pharma December quarter PAT rises by 21.3% to Rs 290.8 crore Glenmark Pharmaceuticals Ltd on Friday reported a 21.3 per cent rise in consolidated profit after tax at Rs 290.8 crore for the third quarter ... » Read More Stories in Companies
Economy & Policy Smuggling can slow march to $40-trillion economy, says FICCI report The FICCI CASCADE has urged the government to launch a robust international campaign against the menace of smuggling Public feedback invited on fact check by PIB to boost due diligence: MoS IT The proposal of fact check by government's media arm Press Information Bureau under the IT Rules has been made with a view to strengthen the due ... Digital infrastructure role in e-commerce: India seeks views at WTO The WTO's 12th ministerial conference in June had decided to reinvigorate the ongoing work programme on e-commerce DPIIT likely to bring national framework on quality infrastructure Dept to ensure there are more accreditation facilities in tier-2 and 3 cities, with key focus on healthcare and education systems » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Blue Star 1374.00 0.52 Britannia Inds. 4619.05 -0.40 BSE TOP GAINERS Company Price (Rs) Change (%) Aurobindo Pharma 468.80 6.38 Campus Activewe. 419.40 6.12 BSE 52-WEEK LOW Company Price (Rs) Change (%) Aarti Drugs 383.05 0.56 Adani Green 723.90 -4.99 BSE TOP LOSERS Company Price (Rs) Change (%) One 97 650.20 -8.75 Fine Organic 4763.55 -5.59 Sebi issues consultation paper on role, obligations of mutual fund trustees The Securities and Exchange Board of India (Sebi) has issued a consultation paper on the role and obligations of mutual fund trustees. The ... Sebi proposes changes in norms pertaining to non-convertible securities Markets regulator Sebi plans to introduce the concept of general information and key information documents as well as other reforms in ... Indore civic body green bond subscribed 5.4 times on the first day The aggregate size of Indore Municipal's green bond sale is Rs 244 crore comprising a base size of Rs 122 crore and an option to retain ... Average price of wheat flour rose by 31% in 2018-22 period: Centre Average price of wheat flour rose by 31 per cent and mustard oil by 71 per cent between 2018 and 2022, the government told the Rajya Sabha on ... » Read More Stories in Markets
Opinion A profligate state: The financial cul-de-sac that confronts Pakistan With a narrow industrial base and dysfunctional politics, and a counter-productive national security agenda, Pakistan could well remain an ... India's reputation will survive Hindenburg Those who worry that the Adani saga will turn the world off India are not looking at the entire picture Fifty shades of stardom Why superstars flounder in their 50s It's no more business as usual The advertising-driven revenue model may finally be seeing cracks due to two technological developments over the last 12 months » Read More Stories in Opinion
Finance RBI updates 'Alert List' of entities not authorised to deal in forex trade The Reserve Bank on Friday updated its 'Alert List' for the public on unauthorised forex trading platforms to include names of ... Bank credit grows at 16.3% to Rs 133.41 trillion, shows RBI data It had moderated to 14.9 per cent YoY in the fortnight ended December 30 due to base effect, but subsequently picked up as the base effect eased ... Kotak Mahindra Bank to acquire Sonata Finance for Rs 537 crore The acquisition will be subject to regulatory approvals, including by the Reserve Bank of India (RBI) Forex reserves dip $1.5 bn to $575.27 bn on depletion in currency assets Analysts say RBI sold dollars to protect rupee amid Adani crisis » Read More Stories in Finance
Technology How to use Digilocker to store official Identity Cards and documents You can store 300 types of documents, including video KYC, PMJDY accounts on this app, which comes in 12 languages OPPO schedules Find N2 Flip foldable smartphone global unveiling for Feb 15 OPPO said the Find N2 Flip is a culmination of five years of R&D that will bring together the best in foldable technology and design to create ... Tech giant Google launches 'Immersive Stream for XR' tool for Cloud users Users can click a link or scan a QR code to immediately be transported to extended reality (XR), the tech giant said in a blogpost Noise Buds VS404 wireless earphones launched at Rs 1,299: Details here The Noise Buds VS404 wireless earbuds are available in jet black, forest green and snow white colours on Noise official website and Flipkart » Read More Stories in Technology
PF Kotak, Edelweiss stop fresh investments in international mutual funds Kotak MF and Edelweiss MF place restrictions on investments as they near their international investment limits Realty check for luxury housing after crucial change in tax structure Investment may be affected to some extent after changes to Section 54/54F but demand will continue, say experts Consider switching home loan if you can get 35-45 bps lower rate Avoid extending the tenure while transferring as this will nullify the gains New and old: How two tax regimes work for home loan interest benefit You can benefit under the new tax regime but there are a few caveats » Read More Stories in PF
Beyond Business The Bachchan Chronicle A coffee table book covers the well-worn story of the superstar's life but still manages to be an enjoyable read » Read More Stories in Beyond Business
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