Daily Newsletter

Daily Newsletter
29 October 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 59959.85 (203.01) NIFTY 17786.80 (49.85) GOLD (MCX 10 GM) 50230.00 (-507.00) SILVER (MCX 1 KG) 57500.00 (-778.00) USD ($) / INR(Rs) 82.18 (-0.48)
Front Page DoT may mandate local purchase of high-quality telecom equipment Focus on high-quality products, indigenous manufacturers told Govt has its way on social media grievance redress; GACs to be formed This comes with MeitY notifying on Friday the IT (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules, 2022, after five ... Maruti Suzuki India Q2 net profit jumps 334% YoY to Rs 2,112 crore Chip supply resolution, favourable forex rate and record sales drive growth India Cements looks to fortify base but future growth remains a question ICL's challenges come at a time when the cement industry in India is under pressure owing to a sharp rise in raw material prices leading to a ... Wants to see business plan to tackle arrears, issues: Centre asks Voda Idea Vi is also in talks with Indus Towers which has asked Vi to pay its dues of Rs 7,000 crore by November or face action RBI governor Shaktikanta Das cautions on backdoor entry in financial space Although some number of complaints is expected from such a large financial system, the concerning fact is much of the complaints pertain to ... CBIC seeks details on digital assets from India's top crypto bourses Crypto exchanges have been asked to furnish details this month itself Flipkart's loss widens 51% to Rs 4,362 cr in FY22 on 36% spike in expenses The firm spent more on delivering orders as well as on ads and promotions; revenue up 31% to Rs 10,659 cr The health operator: Meet Sangita Reddy, Joint MD of Apollo Hospitals Reddy talks to Pavan Lall about collective thinking, the power of the family constitution and why private healthcare is often misunderstood Debate over Lakshmi-Ganesh on rupee: Can govt change look of banknotes? In the case of coins, RBI's role is restricted only to the distribution of the coins
Companies Loans to arms had Rs 1,755-crore impact on Reliance Capital in FY20: Audit Nageswara Rao Y is the administrator of Reliance Capital ArcelorMittal looks to supply steel for proposed bullet train project ArcelorMittal's arm AMNS India is eyeing to supply high strength special steel for the proposed bullet train project in India. AMNS India ... Hindusthan National Glass lenders vote in favour of AGI Greenpac's plan The voting on the resolution plans concluded on Thursday evening Maruti Suzuki's Q2 suggests a big bounce for auto sector stocks Revenue and net profit both were ahead of consensus estimates » Read More Stories in Companies
Economy & Policy India flags key agri-sector issues, rice export in meet with UAE minister India on Friday flagged to the UAE some of the issues faced by its agriculture sector, including problems faced by rice exporters, during a ... Govt likely to surpass FY23 tax collection goal by over $24 billion India's union budget, due to be presented in February, will outline the federal spending plan for the coming fiscal year High inflation a result of exogenous price shocks, says MPC member The high inflation rate in the last three quarters is mainly a consequence of the 'exogenous' price shocks, and addressing the issue will ... Centre to enhance sale of SHG products on e-commerce portals: Minister The Centre on Friday launched an e-commerce portal for marketing products made by women of self-help groups (SHGs), and said efforts were ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Aegis Logistics 317.70 5.92 B H E L 73.45 0.82 BSE TOP GAINERS Company Price (Rs) Change (%) Infibeam Avenues 17.36 19.97 Jubilant Pharmo 371.10 6.48 BSE 52-WEEK LOW Company Price (Rs) Change (%) Birlasoft Ltd 263.00 -2.66 Delhivery 356.45 -3.73 BSE TOP LOSERS Company Price (Rs) Change (%) Balrampur Chini 310.25 -6.62 FSN E-Commerce 983.15 -6.29 Medanta brand-owner Global Health sets IPO price band at Rs 319-336/share The IPO consists of a fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale (OFS) of up to 5.08 crore equity shares Markets gain for second straight day; Sensex ends 203 points higher In the Sensex pack, Maruti, Reliance Industries, NTPC, Power Grid, Mahindra & Mahindra, Bajaj Finserv, Titan and Kotak Mahindra Bank were the ... Oil prices down as top crude importer China widens Covid-19 curbs US West Texas Intermediate (WTI) crude futures were down $1.02, or 1.2 per cent, at $88.06 Fusion Micro Finance's IPO opens Nov 2, price band Rs 350-368 a share IPO consists of fresh equity of Rs 600 cr, OFS of 13.69 million shares » Read More Stories in Markets
Opinion The UK or Korea: What is the ideal benchmark for the size of India's govts? There must be a warning in the fact that some of the most problem-ridden middle-income economies have big govts, big deficits, high levels of ... Needed: A shoulder to cry on An ad agency-client relationship is increasingly no longer about client service, but about client servility BJP's confident despite infighting Sniping at the senior leadership of the party has reached a new high in the BJP in Karnataka. For the moment, there is a truce, but the party ... The contested terrains of lit fests Literature festivals aren't truly inclusive, but even so, they offer significant opportunities for networking that people can't afford to lose ... » Read More Stories in Opinion
Finance Bandhan Bank reports net profit of Rs 209 cr in FY23 Sept quarter Private sector lender Bandhan Bank on Friday reported a net profit of Rs 209.30 crore in the quarter ended in September 2022 on the back of a ... Foreign exchange reserves fall to $525 billion, lowest since July 2020 So far in 2022, the Indian currency has weakened 9.9 per cent against the US dollar Building trust: LIC plans bonus shares to shore up faltering stock Insurer also eyeing higher dividend to regain investor confidence RBI release suggests Nov MPC meet only to discuss inflation target failure MPC may decide RBI's response to govt on the matter; Unlike earlier off-cycle meetings in which interest rate action was taken outside schedule ... » Read More Stories in Finance
Technology Apple's iPhone: World's most expensive handset can't beat inflation The price of the iPhone base model rose 25% between 2017 and 2022, while inflation rose 29.7% between September 2017 and September 2022 Translucia, Sunovatech India partners to build metaverse, talent ecosystem Translucia, the metaverse developer subsidiary of T&B Media Global (Thailand), and Sunovatech India, an immersive and extended reality company, ... Telegram to organise existing username auctions on TON blockchain Each handle that is placed up for bid will have an additional hour for final bidding and will end in a week Xiaomi shuts financial services in India to focus on core business services Xiaomi India said it will continue to bring the latest technology and innovation for all with "our products and services in the future" » Read More Stories in Technology
PF NRIs can repatriate funds from sale of two houses, say experts For property bought as resident or inherited, up to $1 mn can be sent each year How to regain control of your finances after festive overspending Pay back your credit card bills and consider your assets as part of a plan to put your finances on track Seeking purity and class: The golden rules of buying platinum jewellery Rarity and durability make the true white metal appealing to people searching for understated class » Read More Stories in PF
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