Daily Newsletter

Daily Newsletter
13 December 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 62130.57 (-51.10) NIFTY 18497.15 (0.55) GOLD (MCX 10 GM) 54160.00 (-135.00) SILVER (MCX 1 KG) 67820.00 (-218.00) USD ($) / INR(Rs) 82.32 (-0.05)
Front Page NBFCs' share in India's lending pie fell to 5-year low of 19.8% in H1FY23 The NBFCs share of the country's lending pie declined to five-year low of 19.8 per cent in the first half of FY23 CPI inflation eases to 11-month low of 5.9% in November; IIP contracts Core inflation inches up; manufacturing activity declines Kirloskar Brothers EGM: Shareholders reject call for forensic audit Shareholders of Kirloskar Brothers Ltd have rejected a resolution for forensic audit of the affairs of the company by an external agency, ... Helped by PLI scheme, Apple's India exports set to hit Rs 20,000 crore iPhone exports from India cross $0.5 bn in November when tech giant's production in China suffered India, China troops clash along LAC in Tawang; minor injuries on both sides Indian and Chinese soldiers clashed at a location along the Line of Actual Control (LAC) in the Tawang sector of Arunachal Pradesh on December ... Jaiprakash to sell cement, power units to Dalmia Group for Rs 5,666 cr Deal will give buyer entry into high-growth markets of UP and MP, may turn the firm into a net debt company from almost debt free now GST Council meeting: Panel for raising threshold for offences to Rs 2 cr GST Council will also consider a ministerial panel report on setting up GST Appellate Tribunals Eyestem to start first trial in India to treat age-related blindness The first nine patients that they will inject would be legally blind, as they have to prove safety first Aviation ministry lists five-point action plan to decongest Delhi airport A surge in air travel has strained the infrastructure at the country's busiest airport and forced the civil aviation ministry to order a ... Tata Motors to partially sell stake in subsidiary Tata Tech via IPO The offering could be Tata group's first since listing of TCS in 2004
Companies Air India close to finalise deal of 50 Boeing 737 MAX planes for AI Express AI close to finalise deal of 50 Boeing 737 MAX planes for AI Express Vistara inaugurates daily, non-stop flights from Mumbai to Muscat Full service carrier Vistara on Monday launched daily, non-stop flights from Mumbai to Muscat, a move that will see the airline expand its ... PepsiCo India Holding FY22 profit declines 76.2%, revenue up by 21.6% Food and beverage major Pepsico India Holdings Pvt Ltd's consolidated profit for FY22 declined 76.25 per cent to Rs 41.63 crore, while its ... Maruti Suzuki seeks correct accounting of GHG emission benefits of ethanol Car market leader Maruti Suzuki India (MSI) on Monday sought correct accounting of greenhouse gas emission benefits of ethanol blended fuel ... » Read More Stories in Companies
Economy & Policy Gems, jewellery exports rise 12% to Rs 19,855 crore in November: GJEPC The gems and jewellery exports grew 11.83 per cent to Rs 19,855.17 crore (USD 2,429.86 million) in November compared to the year-ago period on ... Trai suggests using defence optical fibre for telecom coverage in Himachal Telecom regulator Trai on Monday suggested that the Department of Telecommunications should approach the defence ministry for accessing part of ... Bill to promote non-fossil energy sources, carbon credit trading passed A bill seeking to mandate the use of non-fossil energy sources such as biomass, ethanol and green hydrogen was passed by Parliament on ... No proposal for restoration of old pension scheme: Bhagwat Karad There was no proposal under consideration of the central government for restoration of the old pension scheme, Minister of State for Finance ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Apollo Tyres 323.10 2.30 Blue Star 1274.65 0.21 BSE TOP GAINERS Company Price (Rs) Change (%) Suzlon Energy 10.26 9.97 Pun. & Sind Bank 37.20 9.90 BSE 52-WEEK LOW Company Price (Rs) Change (%) Rossari Biotech 774.55 -0.82 BSE TOP LOSERS Company Price (Rs) Change (%) SPARC 220.70 -6.22 Navin Fluo.Intl. 4205.20 -3.82 Sensex, Nifty end marginally lower ahead of US Fed's policy meet Investors remained on the sidelines ahead of industrial production and retail inflation data scheduled to be announced after market hours, ... Abans Holdings offer subscribed 11% the first day of subscription The category for non-institutional investors received 12 per cent subscription and retail individual investors (RIIs) part was subscribed 13 per ... After market shivers, volatility thaws out in second half of 2022 Revival in FPI flows, sharp recovery from year's lows in June helped calm investor nerves For the record: Mutual fund assets cross Rs 40-trillion, shows data The number soared on the back of a post-Covid-19 market rally and the rise of retail participation » Read More Stories in Markets
Opinion Big enterprises are better employers Average wages paid by listed companies is more than twice the salaries paid by other enterprises Memoirs of an economic savant C Rangarajan's book is a superb record of the economic history of the initial years of reform Towards a meaningful market economy Currently the emphasis is on government schemes and projects. The focus needs to shift to enabling policies Labour quality can trump quantity Availability of industrial labour is less of a challenge than widely believed. Parents with fewer children have healthier and more educated ones » Read More Stories in Opinion
Finance RBI circular permits resident entities to hedge gold price risks at IFSC The Reserve Bank on Monday permitted resident entities to hedge their exposure to price risk of gold on exchanges in the International Financial ... ICICI Bank raises Rs 5,000 crore through bonds to fund business growth Private sector ICICI Bank on Monday said it has raised Rs 5,000 crore through bonds to fund business growth. The bank has allotted 50,000 ... RBI imposes penalty on 13 cooperative banks for breaching regulatory norms The Reserve Bank of India on Monday announced penalties on 13 cooperative banks for contravention of various regulatory norms. The penalties ... In a first: Bajaj Allianz set to launch surety bonds on December 19 SBI General Insurance and Tata AIG General Insurance are also said to be looking at launching a surety insurance product soon, said sources » Read More Stories in Finance
Technology Robots now set their sights on a new job: Sewing your blue jeans The idea of using robots to bring more manufacturing back from overseas gained momentum during the pandemic as snarled supply chains highlighted ... Astrome deploys E-band radio for internet connectivity in rural Karnataka Bangalore based deep-tech startup Astrome on Monday said it had deployed the first indigenously developed E-band radio to provide affordable ... On Udaan network, local mobile accessory brands take wings in 'Bharat' Udaan said its in-house expert team works closely with small manufacturers and trains them to run an e-commerce business Google Doodle celebrates Maria Telkes 'The Sun Queen' of solar energy Maria Telkes, one of the first pioneers of solar energy who believed the power of the sun could change human lives, is the subject of Monday's ... » Read More Stories in Technology
PF File tax return by Dec 31 if you haven't yet, to avoid notice and penalty Meeting that deadline will allow you to claim refund on excess tax deducted » Read More Stories in PF
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