Daily Newsletter

Daily Newsletter
19 August 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 60298.00 (37.87) NIFTY 17956.50 (12.25) GOLD (MCX 10 GM) 51730.00 (187.00) SILVER (MCX 1 KG) 56871.00 (-44.00) USD ($) / INR(Rs) 79.25 (-0.19)
Front Page Govt cuts windfall profit tax on domestic crude oil to Rs 13,000 per tonne The government on Thursday hiked the windfall profit tax on the export of diesel to Rs 7 per litre and that on jet fuel exports to Rs 2 per ... 12 states, J&K debarred from power trading over non-payment of dues Firms cumulatively owe Rs 5,000 crore to gencos; Telangana has the highest amount of Rs 1,380 crore RBI report projects retail inflation within tolerance band by Q1FY24 Says persistent high inflation needs policy response Consumer base, user data likely to determine CCI scrutiny of digital M&As Significant business operation is a key condition to impose deal-value criteria proposed in the Competition Bill, targeting global digital ... IRCTC moves to monetise passenger data; floats tender to hire consultant Floats tender to hire consultant for monetising passenger data Why pilot samples that fail drug test have to be sent to labs abroad DGCA rules highlight limited capabilities among private labs in India to confirm drug tests New big telecom move: Trai sets the ball rolling on auction across 4 bands The E band was recently offered by the DoT for 5G backhaul to operators in the interim at an administrative price, pending a final decision on ... Lack of consensus delays construction of third indigenous aircraft carrier The Navy has a difficult task ahead to convince the other two services, as well as elements in the Navy itself, that India needs a third, large, ... Serum Institute, other firms eye tie-ups to develop monkeypox vaccine Indian Immunologicals, and Haffkine Research Institute also in the fray
Companies Input cost volatility to keep plastic pipe maker Astral's margins in check Market share gain continues, company seeks to double consolidated revenues in five years US ranitidine litigation unlikely to have impact on Indian pharma: Analysts Sun Pharmaceuticals, Dr Reddy's Laboratories, Perrigo and Teva have agreed to a combined settlement of $5 mn with cancer patient Joseph Bayer Retail protection demand should come back in H2 of FY23: HDFC Life MD & CEO Vibha Padalkar talks about the company's performance in Q1 and its growth plans going forward Domestic air traffic drops 7.7% in July on the back of higher fares Despite adverse reports regarding safety and DGCA curbs, SpiceJet reported the highest seat occupancy (84.7 per cent). AirAsia India had the ... » Read More Stories in Companies
Economy & Policy CBDT exempts non-resident corporates from TCS on remittances, tour packages The income tax department has exempted non-resident corporate entities and firms not having a permanent establishment or a fixed place of ... Big-bang privatisation of PSUs can be harmful, says RBI article The study has found that labour cost efficiency is higher in PSBs in comparison to private banks Govt to amend 114-year-old the Indian Ports Act, bring in reforms Bill aims level-playing field for ports, new dispute resolution mechanism Manufacturing sector to be impacted in FY23 as exports take a hit: Report The Indian manufacturing sector, which received a fillip in FY22 due to export growth, is likely to be hit by a slump in foreign trade activity ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) A B B 2890.10 -0.03 Adani Enterp. 3153.65 4.81 BSE TOP GAINERS Company Price (Rs) Change (%) Jindal Stain. 129.95 7.35 Indbull.RealEst. 81.75 6.86 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) SBI Cards 957.60 -4.34 Sona BLW Precis. 517.40 -4.03 Equity mutual fund flows moderate in July, Maruti Suzuki on the top The moderation in MF investments comes amid a revival in foreign portfolio investor (FPI) flows Syrma SGS Technology IPO subscribed 32.6x on final day of bidding The qualified institutional buyers (QIBs) was subscribed 87.5 times, high networth individual (HNI) portion 17.5 times and retail portion 5.5 ... Sebi tightens overseas norms for alternative investment and VC funds Going ahead, all AIFs and VCFs will have to file an application before the market regulator for allocation of overseas investment limit in a ... Nifty gains for 8th straight day; longest streak since November 2020 The relentless rally is underpinned by falling crude oil prices, revival in foreign investor flows and improving economic outlook » Read More Stories in Markets
Opinion The right price Transaction costs must be reasonable Electric hopes Policy clarity needed for electric cars A glimpse into India@100 What the five resolutions to make India a developed nation in 25 years really mean Laal Singh Chaddha: An ode to Indian cinema The official remake of a film that has won six Oscars and is counted as a classic is a reflection of the confidence and capabilities of Indian ... » Read More Stories in Opinion
Finance Axis Bank hikes MCLR by 5 bps across tenors, follows other lenders Banks change lending policy to keep up with monetary policy committee's raising repo rate RBI turns net seller of US currency in June; sells $3.719 bn: Data Reserve Bank of India turned net seller of the US currency in June after it sold USD 3.719 billion on a net basis, the central bank data ... » Read More Stories in Finance
Technology Whatsapp Desktop feature: Connect your device while staying offline WhatsApp Desktop introduces a new feature in WhatsApp native app that will let you stay connected even after switching off. Read this article to ... » Read More Stories in Technology
PF Cash transactions of Rs 2 lakh plus per day could incur a penalty: Experts This applies even to transactions with close relatives; penalty can be up to 100% of amount received » Read More Stories in PF
Beyond Business Surviving in India's family-owned company By the second generation, no matter whether the family of the founder holds enough shares or not, it is relatively rare to see scions actually ... » Read More Stories in Beyond Business
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