Daily Newsletter

Daily Newsletter
24 August 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 59031.30 (257.43) NIFTY 17577.50 (86.80) GOLD (MCX 10 GM) 51429.00 (266.00) SILVER (MCX 1 KG) 55252.00 (260.00) USD ($) / INR(Rs) 79.74 (0.2)
Front Page Supreme Court rules that benami law cannot be applied retrospectively Says section 3 of the 2016 amendment Act is unconstitutional Adani to acquire 29.18% in NDTV; makes Rs 493-cr open offer for another 26% This came as AMNL's wholly-owned subsidiary VCPL had warrants of RRPR Holding Pvt Ltd, the holding company of NDTV SpiceJet exploring stake sale to raise Rs 2,000 cr, says CMD Ajay Singh SpiceJet is looking to raise investments from external parties, including airlines, said Ajay Singh on the sidelines of an ASSOCHAM event RBI aims to bring down inflation to 4% in two years: Shaktikanta Das Central bank hopes to achieve its objectives without too much 'growth sacrifice', he says After Covid, now a mammoth vaccination drive for lumpy skin disease Cattle are being vaccinated swiftly as the disease breaks out of its initial holds of Rajasthan and Gujarat and starts infecting buffaloes too Highways InvIT to be open for retail investors, says Nitin Gadkari Govt to approach capital markets next month to raise funds for four road projects: Gadkari Centre to push states to introduce labour codes 'as soon as possible' When asked about the timeframe on introducing the Codes, sources said this would be done "as soon as possible". "We are talking to all states," ... New ODI regulations: Govt allows investment in financial services abroad Holding less than 10% in an overseas entity not considered 'control' The case for pricing UPI transactions and what's at stake for banks Banks pay a switching fee running into hundreds of crores every year for UPI, but have to offer the service for free Plugging gaps: Vulnerabilities in browsers and how users can dodge them Google's Chrome browser, older iterations of Apple's iOS and Mac OS operating systems, and some versions of the Android operating system need to ...
Companies Tata Motors signs PPA with Tata Power to develop onsite solar project Tata Motors has signed a Power Purchase Agreement (PPA) with Tata Power to develop a 7.25 Mwp onsite solar project at its commercial vehicle ... Reliance Retail enters general trade with its own FMCG grocery brands In the non-foods space, it has entered the personal care and home care business Get a masterclass on the art of scale-up from start-up wizards Tech world's prime-movers set up Artha School of Entrepreneurship. Big tech under Parliamentary panel lens for alleged anti-competition play Top execs of Indian arms of Apple, Google, Amazon, Netflix and Microsoft quizzed about impact of their business models on small players. » Read More Stories in Companies
Economy & Policy India to make second foray into chip manufacturing as demand seen rising Country's chip industry has another chance amid the global trend toward domestic semiconductor manufacturing. Department of Commerce to set up a dedicated trade promotion body The commerce department plans to overhaul the data and analytics ecosystem via centralised data management and embedded analytics capabilities 17 mineral mines taken back from states over non-production: Pralhad Joshi The Centre has taken back mineral mines from states, due to non-production, Pralhad Joshi, Union minister for coal and mines, said, adding that ... What's a freebie? Experts dissect basic definition amid SC hearings 'Strain on exchequer arising from sops to industry, bad loan waivers, etc., must be discussed' » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Adani Transmissi 3590.15 3.23 Bharat Electron 298.60 3.29 BSE TOP GAINERS Company Price (Rs) Change (%) Kalyan Jewellers 77.25 10.12 Aptus Value Hou. 349.35 10.03 BSE 52-WEEK LOW Company Price (Rs) Change (%) Alembic Pharma 650.55 0.18 Metropolis Healt 1406.35 2.48 BSE TOP LOSERS Company Price (Rs) Change (%) Devyani Intl. 185.85 -5.20 Adani Power 411.20 -4.99 Sebi introduces prudential limits on PMS investments in related firms The Securities and Exchange Board of India (Sebi) has imposed prudential limits on investments by portfolio managers in their own associates or ... Nifty IT tumbles nearly 2% as JPMorgan downgrades IT stocks to 'neutral' The Nifty IT index dropped 1.8 per cent on Tuesday, extending its two-day slide to nearly 4 per cent Dreamfolks Services raises Rs 253 cr from anchor investors ahead of IPO Airport Service aggregator platform Dreamfolks Services Ltd on Tuesday raised Rs 253 crore from anchor investors ahead of its initial share-sale ... Sharp earnings downgrade, uncertain outlook impede small-cap recovery Small-cap index still down 17% YTD, even as Nifty50, mid-cap indices back in green. » Read More Stories in Markets
Opinion Investing abroad rules revamped to increase ease This should help Indian businesses take and manage overseas exposure A cotton crisis is upon us as climate change takes a toll on crops Climate adaptability needs to be improved without compromising on yield potential The ambience of policymaking: Why it is crucial for driving change in India The government's best tribute to Vajpayee would be to implement his idea of creating a mahaul for reforms Returning to structuralist macroeconomics for unleashing India's growth The absence of mass-market demand continues to be a limiting constraint » Read More Stories in Opinion
Finance FSIB recommends 14 GMs for position of EDs in state-owned banks The Financial Services Institutions Bureau, the headhunter for directors of state-owned banks and financial institutions, on Tuesday recommended ... Banks must ensure credit schemes reach eligible citizens: FM Sitharaman 'Difficult situation' caused by unintended people getting benefits of credit programmes now over, she says Rupee worries force India's importers to hedge extra: An analysis Foreign investors have withdrawn almost $25 bn from Indian equity and debt markets so far in 2022, as money rushes back into higher yielding ... NARCL revises CEO Natarajan Sundar's salary to market rates: Report In a bid to attract experienced talent, the National Asset Reconstruction Co Ltd (NARCL) has increased the total remuneration of its chief ... » Read More Stories in Finance
Technology YouTube Shorts arriving soon on smart Android TVs, says report According to the report, YouTube TV is also planning to let viewers watch up to four live streams simultaneously via a new feature called ... AI to eliminate hiring bias, find skilled workers for Indian firms Whopping 96.5% of recruiters at Indian startups and SMEs in India believe that the use of AI is one of the best ways to improve recruitment ... NASA gives approval for uncrewed Moon mission launch on August 29 Artemis I will provide a foundation for human deep space exploration and demonstrate our commitment and capability to extend human presence to ... WhatsApp launches campaign to educate Indian users about privacy features Among the new privacy features, WhatsApp has now allowed users to exit the groups without notifying anyone. Also, the users can now choose if ... » Read More Stories in Technology
PF Begin locking into best FD rates available, take limited exposure to SFBs Since predicting peak rate is impossible, deploy in tranches over the next few months » Read More Stories in PF
Beyond Business The anatomy of ancient Greece The book is a rewarding read even for people from non-occidental backgrounds » Read More Stories in Beyond Business
Follow us on Opt out of this newsletter | Manage your subscription | View this email in a web browser For assistance, email at assist@bsmail.in If this was a forward, subscribe for your personal copy Make sure this email is not delivered to your "junk/spam/promotions" folder, add the sender's ID "businessstandard@business-standard.net.in" to your Address Book.