Daily Newsletter

Daily Newsletter
14 December 2022
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 62533.30 (402.73) NIFTY 18608.00 (110.85) GOLD (MCX 10 GM) 54696.00 (564.00) SILVER (MCX 1 KG) 68692.00 (906.00) USD ($) / INR(Rs) 82.43 (0.11)
Front Page Competition (Amendment) Bill: Panel wants annual review of deal valuations Proposed Settlement and commitment mechanism GST Council's fitment panel clarifies tax levy on SUVs, UPI transactions Defers the classification of crypto assets under GST regime Lenders ask Byju's to liquidate US assets to part-repay $1.2-bn loan The company is seeking a restructuring of the loan, but it faced steep losses. Around this time, some activist investors bought some of the India and UK look to fast-track free trade agreement negotiations Sixth round of negotiations begins in New Delhi after a four-month hiatus Paytm board okays share buyback worth Rs 850 crore at Rs 810 per share Assuming a full buyback of Rs 850 crore and applicable buyback taxes, the total outlay would be in excess of approximately Rs 1,048 crore CoC raises base price of Reliance Capital auction to Rs 6,500 crore Auction to be held on two days, starting December 22 Tighter quality of service norms for telecom service providers on the cards It intends to improve telecom services at a time when the country is quickly adopting 5G technology Unmanned check-in counters causing congestion at airports, says govt Airlines ask passengers to arrive early to ensure 'smooth' security check DESH Bill: Commerce dept may scrap concessional corporate tax provision In July, the commerce department sought inter-ministerial comments on the DESH Bill that aims at replacing the existing special economic zone ... Luxury cars: India's wealthy splurging on personalising wheels of fortune The minimum waiting period for owning a prized set of wheels has stretched to 18 months, and buyers are loosening their purse strings further to ...
Companies Adani Transmission incorporates wholly-owned subsidiary Adani Cooling Sol Adani Transmission on Tuesday said it has incorporated a wholly-owned subsidiary Adani Cooling Solutions Ltd. According to a regulatory filing, ... Lulu Group to open 6 shopping malls, 1 five-star hotel in Uttar Pradesh The Uttar Pradesh government on Tuesday signed a memorandum of understanding (MoU) with hypermarket and retail giant Lulu Group to set up six ... GST Council likely to decide on decriminalisation, appellate tribunals The GST Council, chaired by Finance Minister Nirmala Sitharaman, is likely to decide on a number of issues such as decriminalisation of GST ... Aviation startup Boom Technology picks engine designer for supersonic plane Aviation startup Boom Technology says it will power supersonic passenger jets with engines designed by a company better known for making small ... » Read More Stories in Companies
Economy & Policy India's poultry industry seeks corn export curb to calm local prices Domestic corn prices have surged, driven by high demand, increased exports and some damage to the crop following heavy post-monsoon rains Skewing the mustard field: The Yellow Revolution's revival needed Claims that GM mustard will lead to increased yield are incorrect; we must focus on other solutions CBDT exempts NR taxpayers from mandatory Form 10F e-filing for now The form 10F is signed physically by the Non resident taxpayers and furnished along with the tax residency certificate to the resident payers ... Kerala passes Bill to remove Guv as Chancellor, but its fate uncertain On expected lines, the Kerala Assembly on Tuesday passed the University Laws (Amendment) Bill which removes the Governor as the Chancellor of 14 ... » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Aegis Logistics 361.90 6.71 Apollo Tyres 318.25 -1.50 BSE TOP GAINERS Company Price (Rs) Change (%) UCO Bank 29.05 19.79 Central Bank 39.60 17.51 BSE 52-WEEK LOW Company Price (Rs) Change (%) Laurus Labs 390.30 -3.39 Polyplex Corpn 1670.45 -1.76 BSE TOP LOSERS Company Price (Rs) Change (%) GHCL 512.55 -6.34 Macrotech Devel. 1026.45 -5.18 Sula Vineyards IPO subscribed 59%, Landmark Cars bought 17%, and more Shares of automobile dealership chain Landmark Cars received 17 per cent subscription on the first day of offer on Tuesday Inflation data pushes indices up after 2 days; Sensex up 403 points Only five counters closed in the red -Tata Steel, Nestle India, Maruti Suzuki, Titan and HUL, slipping up to 0.54 per cent Paytm board approves Rs 850-crore share buyback via open market Company's directors and key management personnel will not sell any shares during the buyback period UAE deal poses a survival challenge for Indian bullion refineries Under this gold will be imported at a duty lower than applicable to refineries » Read More Stories in Markets
Opinion The power of 'obliquity' Corporate leaders aggressively pursue shareholder wealth creation. But companies that put more emphasis on profit are, in fact, less profitable Unshackling the third tier Indifference of voters to municipal corporation elections is an outcome of a serious governance flaw that needs to be fixed A welcome shift GM crops will boost yields Selective arguments Executive and judiciary need to find common ground » Read More Stories in Opinion
Finance Banks wrote off NPAs over 10 trillion in last five financial years: FM Banks have written off bad loans worth Rs 10,09,511 crore during the last five financial years, finance minister Nirmala Sitharaman informed ... RBI removes informal restrictions on rupee NDF trades, says report The central bank had in October informally communicated to banks to halt building new positions in the NDF market to manage the rupee's ... Only about 13% recovery in written-offs loans during last five years: Govt Only about 13% of the loans written off by the scheduled commercial banks during the last five financial years have been recovered In 2 weeks, bank tier-2 bond sales soar past AT-1 issues for whole year Analysts cite credit growth surge, better risk profile of tier-2 bonds behind the rush » Read More Stories in Finance
Technology Apple Arcade launches 'JellyCar Worlds' game, updates 'Sneaky Sasquatch' In the arcade game 'Fruit Ninja Classic+', players can earn the new Christmas Tree Blade in its Christmas event, running December 9 through ... Microsoft announces to discontinue Authenticator app for Apple Watch As a result, users of the Apple Watch will no longer be able to access the service via the device WhatsApp allows users see profile icons within groups chats on iOS The new feature helps group members to recognise other participants that have the same name YouTube's Apple TV application faces issue during exit, users complain Users claim that while attempting to close the YouTube application, their Apple TV displays a blank screen and becomes unresponsive » Read More Stories in Technology
PF Don't quit underperformer if fund manager remains true to mandate Your portfolio shouldn't contain stocks picked at exorbitant valuations or those that have corporate governance issues » Read More Stories in PF
Beyond Business The gas-coal riddle Former coal secretary Anil Kumar Jain's book makes a strong case for using coal until renewable energy becomes ubiquitous in India » Read More Stories in Beyond Business
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