Daily Newsletter

Daily Newsletter
15 February 2023
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 61032.26 (600.42) NIFTY 17929.85 (158.95) GOLD (MCX 10 GM) 56745.00 (248.00) SILVER (MCX 1 KG) 66307.00 (163.00) USD ($) / INR(Rs) 82.46 (-0.09)
Front Page Air India seals world's largest aircraft deal at $70 bn, orders 470 planes Air India had last ordered planes in 2006, when it had booked 111 aircraft: 68 from Boeing and 43 from Airbus India a bright spot for investments despite current volatility: Blackstone Investors alarmed over recent events, but Blackstone's investments are safe, says president and COO HDFC launches bond sale worth Rs 25,000 cr to meet biz requirements This will be one the largest ever debt sales by the firm; proceeds may be used to meet its financing or refinancing needs Supply chains back to pre-Covid levels for consumer durable firms Constraints still easing for auto firms; companies wary of commodity prices as Chinese demand may push them up India's WPI inflation eases to two-year low of 4.73% in January In December 2022, wholesale price inflation stood at 4.95 per cent. In January 2021, it was at 2.51 per cent Climbing wheat prices take cereal inflation to a high of 16.12% in Jan Some delay in offloading central wheat stocks causes spike FAME-II: Centre pushes state govts to place more electric bus orders FAME-II was launched with an outlay of Rs 10,000 crore for a three-year period, but was extended till March 2024 Adani Group vows to reduce leverage, flagship swings back to profit The group has been under pressure since the Hindenburg report that accused it of accounting fraud and stock manipulation Apple takes a bigger bite of India's smartphone exports pie: ICEA Rs 30K-cr worth of iPhones, which is 40% of total exports, shipped out in first 10 months of FY23 Supply uncertainty, EV push bring challenges to city gas distributors Apart from hardships for domestic consumers using it for cooking, the rise in CGD prices indirectly has an impact on the government's goal of ...
Companies Paytm owner One 97 Communications completes share buyback worth Rs 850 cr Digital financial services firm One97 Commuications, which operates under the Paytm brand, on Tuesday said it has completed buyback of shares ... Vodafone Idea Q3 results: Net loss widens 10.5% to Rs 7,990 crore The company lost 5.8 million subscribers sequentially and its user base stood at 228.6 million at the end of the second quarter Viatris deal-related expenses drag Biocon's Q3 net into Rs 42 cr loss This, even as revenues rise 36% and Ebitda is up 35% ONGC's Q3 net profit rises 26% to Rs 11,045 crore on high gas prices Board approves second interim dividend of Rs 4 per share with face value of Rs 5 » Read More Stories in Companies
Economy & Policy Set up team to resolve MCA21 portal glitches: FM Nirmala Sitharaman The latest version was launc­hed on January 23 US heavy bombers at Aero India 2023 mark strategic partnership with India Supersonic heavy bomber B-1B Lancer is capable of carrying out missions worldwide Rajasthan govt to draft new law to stop auction of small farmers' land Guha directed the officials that the Rajasthan Farmers Loan Relief Act should be prepared within a month Industry 4.0: Tatas to invest over Rs 4,200 crore in Uttar Pradesh The state government has roped in Tata Technologies (TTL) to upgrade 150 government-run industrial training institutes (ITI) and align them to ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) APL Apollo Tubes 1213.55 1.03 Cera Sanitary. 5915.15 -2.81 BSE TOP GAINERS Company Price (Rs) Change (%) Oil India 258.10 7.25 Finolex Cables 596.50 5.79 BSE 52-WEEK LOW Company Price (Rs) Change (%) Adani Green 653.40 -4.99 Adani Total Gas 1135.60 -5.00 BSE TOP LOSERS Company Price (Rs) Change (%) Allcargo Logist. 365.10 -9.75 SPARC 200.70 -9.06 Budget slow on fiscal consolidation, ambitious on revenue target: S&P According to the monthly Asia-Pacific Credit Focus, the govt will also look to cap subsidy expenditure in the upcoming year, against a surprise ... Foodgrain output seen at record 323.55 mn tonnes in 2022-23 crop year India's foodgrain production is estimated at an all-time high of 323.55 million tonnes in the current crop year ending June, driven by the ... Bonds recoup losses after inflation shock as long-term players step in Yield on the 10-year benchmark bond closed at 7.37 per cent, versus 7.36 per cent at previous close Consumers in India becoming smart shoppers due to rising inflation: Study Commerce media company Criteo conducted a survey of over 1,400 consumers in India to see how inflation has affected shopping behaviour » Read More Stories in Markets
Opinion Inflation surprise Latest reading has increased uncertainty Boosting productivity Nano-fertilisers will improve efficiency Women power: The optics and politics Adherence to gender diversity rules alone is not good enough. To comply with a corporate governance mandate is one thing, but to give ... Lessons from the Ukraine war The war represents a failure of diplomacy, but the forthcoming G20 summit is an opportunity for diplomacy to redeem itself » Read More Stories in Opinion
Finance PSBs write off Rs 29,000 cr in Q3FY23 as part of a clean-up exercise According to estimates by rating agency CARE Ratings, the write-offs by PSBs in April-December 2022, at Rs 81,000 crore, were lower than the Rs ... Kotak Bank arm raises $590 mn fund for data centre investments in India Kotak Investment Advisors (KIA) said it plans to raise $800 million under the Kotak Data Centre Fund and this is the first close for the same, ... Bankers see rise in LRS remittances before new TCS rate kicks in The TCS, is not in itself, a tax and credit for the amount paid on any transaction is available to the person to adjust against their tax ... Loans on debit cards to be governed by digital lending guidelines: RBI Payment aggregators that work as LSPs have to comply with digital lending guidelines » Read More Stories in Finance
Technology Xiaomi India bets on 4K technology for dominance in smart television Smart device maker Xiaomi India is banking on introducing newer technology in the 4K smart television category to maintain its lead even as it ... How AI is changing the diagnostic landscape, slowly but steadily Med-tech companies are working round the clock to come up with AI-based solutions Drone use not limited to pesticide spraying in agriculture sector: Govt Union minister of civil aviation on Tuesday said the applicability of drone in the agriculture sector is beyond pesticide spraying and has ... Microsoft may bring ChatGPT-powered Bing AI to Android, iOS soon Meanwhile, Microsoft is also reportedly planning to demonstrate its new Prometheus model to its core productivity apps such as Word, PowerPoint, ... » Read More Stories in Technology
PF Invest bulk of debt portfolio in funds that have 2-5-year average maturity Avoid exiting from the category as most of the pain caused by rate hikes is behind us Rs 40-trillion MF industry braces for industry-wide forensic audit AMCs term it from 'positive development' to 'preventive exercise' Navi Mutual Fund first to switch from active to passive ELSS fund Becomes first fund house to shift from active to passive in ELSS Six easy steps to open an SIP online for those new to mutual funds Systematic investment plans are a great way to invest in liquidity is an issue. What's more, they also reduce to impact of market volatility to ... » Read More Stories in PF
Beyond Business Outpourings of a deluded zealot Mike Pompeo gets most things wrong in his book and only comes across as self-absorbed and delusional » Read More Stories in Beyond Business
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