Daily Newsletter

Daily Newsletter
5 December 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 62868.50 (-415.69) NIFTY 18696.10 (-116.40) GOLD (MCX 10 GM) 53880.00 (-13.00) SILVER (MCX 1 KG) 66450.00 (1041.00) USD ($) / INR(Rs) 81.18 (-0.23)
Front Page FinMin rejects provision for tax benefits to SEZs under DESH Bill Says proposed incentives would "create havoc" for units outside the zones Nearly 100% of 2-wheeler market will shift to EVs in 3 yrs: Bhavish Agarwal Plans to roll out electric two-wheelers in every segment in the next 12 months In 'white gold' rush, India kick-starts talks with lithium-rich nations Move to help local cell manufacturing, boost EVs Anonymity achieved in all retail CBDC wallet-to-wallet dealings done so far Around 2,000 transactions recorded in first three days of pilot; aim now is to erase digital trails between wallets Lessons from Covid: Pharma firms turn attention to adult vaccination Vaccine companies have warmed up to the idea of adult vaccines for other diseases such as pneumonia, flu and shingles as well Crude one-upmanship: G7 oil price cap on Russia turns on the US tap The US shipped a record 450,000 barrels/day to India in November Dharavi redevelopment project a veritable realty goldmine, say experts Sensitive rehab, retaining local jobs key challenges in Adani's mega project Govt in advanced stage to launch Rs 3,500-crore PLI scheme for toy sector Dept in advanced inter-ministerial talks; schemes for bicycles, footwear to follow Railway ministry might miss FY23 asset monetisation target by 85% U-turn on station development major cause behind botched FY23 monetisation Adani Airport Holdings increases borrowing limit by Rs 2,500 crore AAHL currently manages seven functional airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram
Companies Cryptocurrency exchange Bybit plans to cut 30% of workforce: CEO Ben Zhou The layoffs are part of an ongoing reorganisation aimed at refocusing efforts, and reductions will be across the board Power Grid to separate telecos, gets nod to foray into data centre biz Power Grid Corporation of India Ltd is in the process of carving out its telecom vertical to a new fully-owned subsidiary, Powergrid ... Li-ion battery pack maker Lohum targets 3-fold jump in topline to Rs 300 cr Lithium-ion battery pack maker and recycling firm Lohum has said it is eyeing a three-fold jump in its topline at over Rs 300 crore this ... Peer-to-peer firms need entry into secured lending, says Rajat Gandhi The Reserve Bank of India's FSR of December 2021 had also highlighted that given the level of inflation, investors are looking for a certain ... » Read More Stories in Companies
Economy & Policy Govt plans federal oversight of all real-money online games: Report An Indian panel tasked with drafting the regulation in August proposed a new body to decide whether a game involves skill or chance, and then ... Statsguru: Six charts explain India's global economic growth standing A Business Standard analysis found that the country mirrored the global trend, with the rate of growth slowing from the same quarter last year Crude concerns: India may have to rely on dark fleets for Russian imports India will continue to buy Russian oil, and the lack of ships or insurers will not be a hindrance, said an oil ministry official Jaishankar-Baerbock talks to include India-China ties, Ukraine conflict India's relationship with China and the consequences of the Russian invasion of Ukraine are set to figure in talks between External Affairs ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Aditya Birla Cap 151.60 4.05 APL Apollo Tubes 1186.75 4.79 BSE TOP GAINERS Company Price (Rs) Change (%) HLE Glascoat 689.05 7.62 Radico Khaitan 1133.40 7.08 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) Easy Trip Plann. 64.30 -3.53 Adani Transmissi 2744.70 -3.10 FMCG makers keep close watch on softening commodity prices on some items Leading FMCG companies say they are keeping a close watch on prices of major commodities, which have fallen in case of some items like palm oil, ... FPIs turn net buyers in November, invest Rs 36,329 cr in equities After pulling out money from Indian equities market in the past two months, FPIs made a strong come back in November with a net investment of Rs ... Mcap of 8 of top-10 most valued firms climb Rs 1.15 trn; RIL biggest winner Eight of the top-10 most valued firms together added Rs 1,15,837 crore in market valuation last week, with Reliance Industries emerging as the ... » Read More Stories in Markets
Opinion Finfluencers: Sebi's lost battle The size, activity, and influence of these people have become so large that Sebi's onerous regulations for registered advisors look hopelessly ... Emerging AI: What awaits us? Lessons from another tech revolution not so long ago Taxing proposition Capital gains tax needs committee-level deliberations Don't take foot off pedal RBI should note that inflation still menaces the economy » Read More Stories in Opinion
Finance In King Cash's castle: Businesses in disarray, RBI to take a closer look The CLA has submitted a "confidential update" to the banking regulator, which has also set up an internal committee to monitor developments Punjab & Sind Bank aims at CASA ratio of 35% by March: MD Swarup Saha Punjab & Sind Bank managing director Swarup Kumar Saha has said that the lender is targeting a Current Account Savings Account (CASA) ratio of ... Nirmala Sitharaman to address revenue intelligence officers on Monday Finance Minister Nirmala Sitharaman will on Monday address Revenue Intelligence officers at the DRI foundation day event in the national ... » Read More Stories in Finance
Technology Samsung Galaxy A14 5G's battery capacity confirmed after passing FCC South Korean tech conglomerate Samsung's upcoming smartphone Galaxy A14 5G is well on its way to market, as affirmed by recent leaks Artificial intelligence can be helpful in diabetes monitoring, prevention Artificial intelligence can be used to turn a continuous glucose monitor (CGM) into a potent tool for diabetes monitoring and prevention, ... Medical studies get tech edge with AI, machine learning, remote care Since the outbreak of the Covid-19 pandemic in 2020, there has been a big change in the learning methods at the medical colleges and other ... Will expand data residency controls and transparency in India: AWS As the Indian government asks Big Tech and enterprises to store the residents' data locally, Amazon Web Services (AWS) has said that it will ... » Read More Stories in Technology
Beyond Business On a wing and a prayer Among the many virtues of John Lancaster's delightful The Great Air Race is how vividly it conveys the entirely different world of aviation at ... » Read More Stories in Beyond Business
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