Daily Newsletter

Daily Newsletter
15 November 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 61624.15 (-170.89) NIFTY 18329.15 (-20.55) GOLD (MCX 10 GM) 52691.00 (357.00) SILVER (MCX 1 KG) 62446.00 (875.00) USD ($) / INR(Rs) 81.23 (-0.14)
Front Page Budget 2023-24: Disinvestment target likely to stay elevated for FY24 The sources said that the government expects over Rs 60,000 crore from the IDBI stake sale. Retail inflation eases to 6.77% in October, lowest in three months May make MPC less hawkish on rate hike; WPI inflation dips to 19-month low of 8.39% in Oct COP27: Biofuels and green H2 to power India's low-carbon growth Minister outlines plan for carbon reduction Confidential pre-filing mechanism for IPOs to test the waters soon New clause to help issuers gauge institutional investor demand Sebi approves Adani's open offer for 26% additional stake in NDTV Last week, the Adani group had revised the open offer timeline to Nov 22; offer price of Rs 294 a share is at a 24% discount to NDTV's closing ... Finance ministry likely to give additional Rs 25,000 crore for MGNREGS But asks rural development ministry to identify and remove inefficiencies Worst of rupee volatility seen over as Fed view softens: BS poll Rupee likely at 81.68 by December-end, largely stable at 81.75 by March-end Auditor flags Rs 13,110 cr of fraud deals in Srei Equipment Finance Sum includes transactions amounting to Rs 1,283 cr determined as undervalued; Srei Equipment Finance is currently undergoing corporate ... Taiwan 'first red line', should not be crossed, Xi Jinping tells Joe Biden No imminent attempt by China to invade Taiwan: Biden Storytellers ride the OTT boom to feed growing demand for streaming video An eclectic bunch of content factories have emerged to feed growing demand for streaming video
Companies Near term margins may remain subdued for plastic pipe maker Astral It underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix Piramal-Bain's IndiaRF invests Rs 550 cr for majority stake in Impresario Funds will be used by the company to fuel the further expansion of Impresario's business Hatchback sales lose momentum in India due to changing consumer preference Hatchbacks like WagonR and Alto have seen a decline during the past few years due to changing consumer preference L&T Infotech and Mindtree receives approval for merger from NCLT Creates India's sixth largest IT services and fifth largest in market cap » Read More Stories in Companies
Economy & Policy Growth of India Inc's IT spending likely to remain modest in 2023 According to the forecast, spending on data center systems will decline by 1.4 per cent, as businesses opt for public cloud services MeitY unblocks VLC Media Player, month after getting legal notice The ban had been imposed earlier this year, without any official statement Goyal calls for IITF-like fairs for showcasing swadeshi capabilities This year, India's largest annual fair will see the participation of nearly 2,500 exhibitors from India and abroad RBI imposes monetary penalties on nine urban cooperative banks The bank regulator has fined two banks each from Odisha, Madhya Pradesh, and Gujarat, and one bank each from Chhattisgarh, Maharashtra, and ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Adani Enterp. 4021.05 0.31 AIA Engineering 2723.00 5.05 BSE TOP GAINERS Company Price (Rs) Change (%) Krishna Institu. 1578.95 9.00 Strides Pharma 345.05 8.34 BSE 52-WEEK LOW Company Price (Rs) Change (%) Aurobindo Pharma 487.45 -0.34 Divi's Lab. 3277.50 0.13 BSE TOP LOSERS Company Price (Rs) Change (%) Sun TV Network 502.25 -8.87 DCM Shriram 933.15 -8.47 Kaynes Tech IPO subscribed 34x, Keystone receives 8% bid on Day 1 & more Kaynes Tech reported a net profit of Rs 10.05 crore and net sales of Rs 199.27 crore in the three months ended on June 2022 Markets follow Asian peers to end in red; Sensex ends 170 points lower The 30-share BSE Sensex declined 170.89 points or 0.28 per cent to settle at 61,624.15. During the day, the index touched its 52-week high of ... LIC has an edge over insurance firms: Gains market share in FY23 Top private insurance firms shed 447 bps as national insurer gets aggressive in group biz Inox Green Energy Services' Rs 740-crore IPO subscribed 85% on Day 2 The initial share-sale of Inox Green Energy Services, a subsidiary of Inox Wind, was subscribed 85 per cent on the second day of offer on ... » Read More Stories in Markets
Opinion Consumer sentiments to sustain elevated levels Sentiments have neither collapsed, nor have they stepped down after the festive season. They seem to have sustained the elevated levels they had ... Crypto meltdown FTX underlines the risk of unregulated markets Forced transmission New guidelines satellite channels leave wide scope for interpretation A narrow window of opportunity Thailand and China are at risk of growing old before they grow rich; India must grow its GDP at 8-9 per cent or more to avoid that fate Global cooperation is not necessary to fight climate change Efforts to strengthen multilateral cooperation on climate change are likely to be futile. But competitive technological progress, even if ... » Read More Stories in Opinion
Finance India' health sector got $1.5-billion investment so far this year Investment activity in the health care space has not slowed down due to the Covid-19 pandemic Bank of Baroda raises rates on retail term deposits by up to 100 bps State-owned Bank of Baroda (BoB) on Monday increased its retail term deposit interest rates by up to 100 basis points or 1 percentage point in ... » Read More Stories in Finance
Technology India's smartphone shipments drop 10% in Q3 as prices hit record: IDC The average selling price jumped 15% year-over-year, and 6% from the previous quarter, to a record $226, IDC said 5G set to cover 80% of India by next October if chip supply is assured Telcos to install over 1.5 million radios by then; all metros, and towns will be covered, say vendors » Read More Stories in Technology
PF Equity MFs book gains in October winners amid Rs 6,300 cr net purchases Coal India, HCL Tech and L&T were among the most-sold stocks by domestic funds in October even as they rallied between 10% and 16% » Read More Stories in PF
Beyond Business Messages from the margins Making Place for Muslims in Contemporary India offers a critical understanding of the differential citizenship to which Indian Muslims have been ... » Read More Stories in Beyond Business
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