Daily Newsletter

Daily Newsletter
23 August 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 58773.87 (-872.28) NIFTY 17490.70 (-267.75) GOLD (MCX 10 GM) 51125.00 (-354.00) SILVER (MCX 1 KG) 55008.00 (-488.00) USD ($) / INR(Rs) 79.54 (0.27)
Front Page Markets slip into red on fear of hawkish Fed, down 2.5% in two sessions Profit-booking after over 17 per cent gains in just two months added to this fall MeitY pushes Chinese firms to participate in smartphone exports from India Asks them to strengthen supply chain, increase value additions India sees sharp decline in IT sector's ability to fund trade deficit A relatively slower growth in IT Services exports has made India ever more dependent on capital inflows and workers remittances to fund its ... Dolo 650 maker says drug part of Covid treatment, denies 'freebie' charges In paracetamol market, Dolo's share rose to 24% from 15% pre-Covid-19 Mortgaged property e-auctioning portal of PSBs is set for a makeover The common electronic platform to auction mortgaged properties of PSBs is set to get a makeover with plans to make all processes in the ... MSP panel forms 4 sub-groups even as farmers descend on Delhi again Commuters brave traffic snarls; SKM stays away from the protests; next MSP panel meet likely in Hyderabad Adani maintains lead over Mukesh Ambani in market cap at Rs 19.44 trn On Monday, Adani Group firms had a combined m-cap of Rs 19.44 trillion against Ambani's combined figure of Rs 17.89 trillion. The Tata Group ... Now, IDBI Bank too hikes deposit rates to fund strong loan demand The highest rate for senior citizens is 6.55 per cent for tenors ranging from 5 years to more than 5 years and up to 10 years Gurudakshina? DMart's Damani likely to manage Jhunjhunwala's trust Trust in guru's name: Damani could manage Big Bull's estate Covid pandemic-induced income blues not yet over for seven states/UTs Residents of 6 states and a Union Territory are yet to recover from the Covid-19 pandemic-induced income shock, data compiled by the National ...
Companies HDFC Bank plans Rs 2,500-crore tier-1 bond sale amid firm credit offtake HDFC Bank's Tier-1 bonds could be priced around 7.9-7.95 per cent, sources said Q1 may be a blip for Apollo Hospitals; analysts see 25% upside Analysts positive on the healthcare major with target prices ranging between Rs 5,000 - Rs 5,250 Zomato discontinues premium membership, aims to craft a new programme The development comes at a time when Zomato acquired quick commerce company Blinkit on June 29 for Rs 4,447 crore in an all-stock deal Adani-owned Mangaluru Airport seeks hike in user development fee The Adani Airports-owned Mangaluru International Airport (MIA) has sought an immediate increase of Rs 100 in user development fee (UDF) on ... » Read More Stories in Companies
Economy & Policy Recovery tracker: More flights, decline in vehicle registrations Power generation was higher than in the previous week Defence corridor nets Rs 11,250-crore projects in Uttar Pradesh The state government has tied up with leading commercial banks and financial institutions to promote the easy flow of funds to prospective ... Centre proposes stricter valuation rules for overseas direct investments New rules will be effective from Monday India, Iran sign bilateral seafarer pact amid Chabahar Port talks India and Iran on Monday signed a memorandum of understanding (MoU) mutually recognising certificates of competency in unlimited voyages of ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Adani Power 432.80 5.00 Elgi Equipments 465.60 10.58 BSE TOP GAINERS Company Price (Rs) Change (%) Suzlon Energy 8.59 11.56 Elgi Equipments 465.60 10.58 BSE 52-WEEK LOW Company Price (Rs) Change (%) Alembic Pharma 649.40 -0.38 Biocon 305.50 -0.86 BSE TOP LOSERS Company Price (Rs) Change (%) Varun Beverages 919.00 -7.04 H P C L 246.55 -6.50 Gold, other precious metals slump as dollar hits fresh five-week high Extending losses into a sixth session, spot gold was down 0.7% to $1,736.03 per ounce by 11:23 a.m. EDT (1523) GMT after hitting its lowest ... Oil falls 4% on concerns economic slowdown may dent fuel demand US West Texas Intermediate crude for September delivery - due to expire on Monday - was down $3.77, or 4.1%, at $87 Four individuals settle with Sebi case related to Sobha Ltd, pay Rs 2.93 cr Markets regulator Sebi has disposed of the adjudication proceedings against realty firm Sobha Ltd and four individuals following settlement in a ... Sovereign Gold Bonds: Discounts, prices and everything you should know The Sovereign Gold Bond scheme flares today, allowing you to buy gold bonds at a fixed interest of 2.5-percent twice a year. Read this article ... » Read More Stories in Markets
Opinion Reading the rally: It is still a see-saw stock market Investors should be prepared for sudden shift in trends Ukraine flashpoint: Continued war is bad news for India on all fronts The Ukraine-Russia conflict will require continuing prudent diplomacy and economic planning A tribute to Rakesh Jhunjhunwala: His bullishness will be seen as prescient Everything Rakesh foresaw for India will happen in the coming years The New Drugs Bill: A missed opportunity for reforms in Ayush The Bill takes regressive steps on the issue of drug safety Rural stress Most of the souring of sentiments emanated from rural India. It is likely that the principal reason for this is the behaviour of the southwest ... 'Delay by authorities can't result in denial of benefits' The RBI has not stipulated any amount up to which the banks can write off the IDPMS or EDPMS entries automatically » Read More Stories in Opinion
Finance Prefer front-loaded action to reduce terminal repo rate: RBI MPC member I expect the rate-setting exercise to become increasingly data-driven in the months ahead, said Varma RBL Bank's board approves raising Rs 3,000 crore to fund business growth RBL Bank on Monday said its board has approved raising up to Rs 3,000 crore to fund the lender's business growth. The fund raising will be ... Banks' AT-1 bond issuances may decline to Rs 20,000 cr in FY23: Report The issuance of Additional Tier-1 (AT-1) bonds by banks is likely to more than halve to Rs 20,000 crore this fiscal compared to the all-time ... LIC Housing Finance, Bajaj Housing Finance hike lending rates by 0.5% Mortgage lenders Bajaj Housing Finance and LIC Housing Finance on Monday announced a 0.50 per cent hike each in their lending rates. The ... » Read More Stories in Finance
Technology WhatsApp rolls out admin delete feature on iOS beta, says report "If you are a group admin and you cannot delete messages sent from other participants, please wait for a future update because more activations ... 5G smartphone searches up two times on Flipkart in first half of 2022 According to platform sales trends, the demand for 5G smartphones in the Rs 10,000-15,000 has seen nearly a four times growth in the first half ... Hyundai mulls speeding up construction of US EV plant amid new law Hyundai Motor plans to roll out 17 EV models by 2030, including six Genesis models, with Kia scheduled to release 14 EVs by 2027 NFT transactions to reach 40 mn globally in 5 yrs amid scam threats The global number of NFTs transactions is likely to rise from 24 million in 2022 to 40 million by 2027, a new report said » Read More Stories in Technology
PF Omitted certain income in ITR? File updated return but caution is needed Use this facility cautiously, since once filed the updated return can't be modified. » Read More Stories in PF
Beyond Business The relevance of Kautilya The central message of this book is that Kautilya's advice, suggestions and recommendations are still relevant » Read More Stories in Beyond Business
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