Daily Newsletter

Daily Newsletter
7 February 2023
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 60506.90 (-334.98) NIFTY 17764.60 (-89.45) GOLD (MCX 10 GM) 56966.00 (381.00) SILVER (MCX 1 KG) 67423.00 (-153.00) USD ($) / INR(Rs) 81.91 (0.11)
Front Page Adani prepays loans worth $1.11 bn, releases pledged shares in 3 firms Move follows Hindenburg Research accusing Adani Group of improper use of offshore tax havens and stock manipulation Centre plans to roll out research-linked incentive scheme for pharma sector In the Union Budget 2023-24, Finance Minister Nirmala Sitharaman had hinted at fostering a research-driven climate in the pharma sector in India Rupee falls 1% as robust US jobs data stokes Fed rate hike fears Globally, investors fear that the US Fed will have to continue raising interest rates for longer than expected to cool labour markets and bring ... Q3 results: PSBs' net profit jumps 66% on healthy interest margins Other income rises in Q3 against contraction in Q2 How an easy govt timeline on green hydrogen provides a breather to Adani Among its renewable energy projects, the Adani group's massive planned investments in green hydrogen would be the easiest to scale back given ... Tata Steel posts surprise Rs 2,224 crore net loss in December quarter Plunge in realisations in Europe, non-cash deferred tax expense on account of British Steel Pension Scheme drag the firm into the red New wheat crop trickles in mandis; prices above MSP, say traders So far, two e-auctions have been held, and in them around 920,000 tonnes of wheat has been sold Vodafone Idea plans to get back in the game but fundraising a challenge The estimate for what it needs to tackle now is Rs 40,000 crore Tightening the grip: Sebi's daily transfer diktat to further pinch brokers In a new paper, Sebi has proposed the daily transfer of client funds to clearing corporations India Energy Week: PM Modi seeks more investments in oil & gas, refineries Launches E20 fuel (petrol blended with 20% ethanol) two years before target
Companies Hindenburg report row: Adani Group stocks sell-off enters third week The Adani group stocks have shed Rs 9.4 trillion in market value since June 24 Govt planning to oppose Hindustan Zinc's proposal to buy Vedanta assets The plan was pushed through even after government officials refused to approve it, they said, adding the government is trying to nudge Hindustan ... Paytm expects to sustain performance, completes Rs 796 cr share buyback Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, ... Reliance shows hydrogen-run truck at India Energy Week; emits water, oxygen Billionaire Mukesh Ambani's Reliance Industries on Monday showcased a truck that runs on hydrogen, the cleanest known fuel whose tail emissions ... » Read More Stories in Companies
Economy & Policy FinMin asks depts, CPSEs to refund 95% of MSMEs securities till March 2022 The Finance Ministry on Monday asked all departments and public sector entities to refund 95 per cent of the performance or bid security and ... Nations reach a common understanding on fossil fuel usage at G20 meeting The first ever Energy Transition meet in India has seen a consensus emerge on nations needing separate pathways to energy transition Centre plans to develop 100 airports by 2024 under UDAN infra scheme The government has planned to develop 100 airports by 2024 under the Regional Connectivity scheme (RCS)-Ude Desh ka Aam Nagrik (UDAN) ... India's 1st new mobility-focused cluster in Telangana; to attract investors The Telangana government on Monday launched the country's first new mobility-focused cluster, Telangana Mobility Valley' (TMV), which aims to ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Carborundum Uni. 999.90 0.88 I D F C 91.55 3.33 BSE TOP GAINERS Company Price (Rs) Change (%) Vodafone Idea 8.26 19.88 P & G Health Ltd 4719.10 15.19 BSE 52-WEEK LOW Company Price (Rs) Change (%) Adani Green 887.55 -5.00 Adani Transmissi 1261.40 -10.00 BSE TOP LOSERS Company Price (Rs) Change (%) Adani Transmissi 1261.40 -10.00 Privi Speci. 909.85 -6.69 AEL's growth in m-cap was 9X of net profit even before Hindenburg struck Since then, various Adani Group stocks have lost 16 per cent (in case of ACC) to 60 per cent of their market capitalisation or m-cap (in case of ... Most Adani group stocks continue to fall; combined market cap declines Shares of most of the Adani group firms ended lower on Monday, with the group companies' combined mcap witnessing a sharp fall of Rs 9.5 lakh ... Adani Enterprises' stock price has 40% more downside: NYU professor The so-called price-to-earnings ratio for the stock has surged from 15 times earnings in the five years to 2021 to 214 times in the last two ... ED attaches Rs 936 cr as proceeds of crime, arrests 5 for crypto fraud The enforcement directorate has attached Rs 936 crore proceeds of crime and arrested 5 five persons related to crypto currency fraud, Parliament ... » Read More Stories in Markets
Opinion Unemployment rate falls, but still too high India, incidentally, was the fastest country to report the unemployment rate for the month of January 2023 Musharraf's fatal dalliance His rule contributed to Indo-Pak tensions Before the pause Overall conditions call for another rate hike Taxing times of a 'Confrontationist' Sukumar Mukhopadhyay 's engagingly written memoir, which is full of stories and lessons to be drawn, should be made a compulsory read for all ... Short selling in US and India With the right policy, income from short selling Adani Group stocks and bonds could have accrued to Indians rather than the Americans What will drive global growth? Ageing populations are likely to slow capital formation in North Asia, hurting global growth » Read More Stories in Opinion
Finance PAG bets big on Indian real estate as NBFCs go slow on developer loans Hong Kong investor lent Rs 3,000 crore to property developers last year Marginal pressure on banks next fiscal, net interest margin may fall: Fitch Banks will face margin pressure next fiscal as they increase the deposit rates to attract funds to support sustained high loan growth, and the ... SBI economists expect RBI to hit pause button on interest rate hike Economists at SBI on Monday said they expect the Reserve Bank of India (RBI) to hit the pause button on interest rate hike at its upcoming ... Muthoot Finance December quarter profit beats estimates on high gold prices BENGALURU (Reuters) - Muthoot Finance Ltd reported a third-quarter profit on Monday that beat analysts' estimates, as higher gold prices ... » Read More Stories in Finance
Technology POCO X5 Pro 5G with 108MP triple camera set-up, Qualcomm SD 778G launched The POCO X5 Pro 5G smartphone is available on the e-commerce platform Flipkart at an introductory price starting at Rs 20,999 Indian IT services industry's growth might drop in near to mid-term: Icra The growth momentum of Indian IT services industry is likely to slow down in the near to mid term as macroeconomic headwinds trigger lower ... Samsung's password manager 'Samsung Pass' now supports Windows 11, 10 At present, the application only supports Windows 11 and Windows 10, and the older versions of Windows will not be compatible VIL partners with Motorola for 5G connectivity across smartphone portfolio Vodafone Idea has partnered with Motorola to ensure seamless 5G connectivity across its fifth-generation smartphone portfolio, according to a ... » Read More Stories in Technology
PF Rely on term plan-MF combo instead of going for traditional plans Don't fall prey to the hard-selling of traditional plans that is likely to end after March 31 How to move shares to another demat if you're sore with existing broker Business Standard brings you the lowdown on demat accounts, trading accounts and a host of other terms and instruments you will find useful ... Murugappa group's Chola expects 30% AUM growth next fiscal, bets on EVs Chennai-based company is expanding EV presence by forming tie ups with original equipment manufacturers » Read More Stories in PF
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