Daily Newsletter

Daily Newsletter
3 February 2023
Markets | Companies | Banking | Economy | Opinion | Life | Management | Technology
LIVE MARKETS SENSEX 59932.24 (224.16) NIFTY 17610.40 (-5.90) GOLD (MCX 10 GM) 57715.00 (-170.00) SILVER (MCX 1 KG) 70200.00 (359.00) USD ($) / INR(Rs) 81.69 (0.15)
Front Page RBI asks banks to share information on exposure to Adani Group companies Indian lenders have around Rs 80,000 cr exposure in conglomerate, marking 38% of the conglomerate's total debt Adani vs Hindenburg: Opposition seeks JPC or SC-monitored probe The Opposition parties tried to raise the issue in both Houses of Parliament but were disallowed by the chair Hindenburg report: NSE puts three Adani firms under ASM framework The move is to shield investors against risky and speculative trades FMCG sector slows down in Dec quarter as price growth tapers: NielsenIQ Tapering price growth and weak volumes slowed down growth in the quarter, according to data by NielsenIQ Our capex increase accounts for global slowdown: Finance secy TV Somanathan "The government's welfare schemes are quite large, comprehensive, well spread and the emphasis is on implementation rather than on budget ... Budget 2023: 80,000 start-ups exempt from angel tax, says govt The Union Budget 2023 on Wednesday proposed to extend the angel tax provisions to transactions involving foreign investors Call on FY24 green bond, H2 borrowing to be taken together: Ajay Seth We are at 57 per cent of GDP for the central government, we have to see that every year we nibble away may be a percentage point, said Ajay ... Hindujas to invest Rs 10,000 crore to raise stake in IndusInd Bank The Hinduja group has also offered to take over Reliance Capital for Rs 9,000 crore, but its offer is facing litigation from its rival bidder ... Law ministry allows CCI to clear pending mergers without full quorum 16 applications pending; corporate affairs ministry studying proposal, say sources Edtech giant Byju's lays off nearly 1,000 employees across verticals According to the company sources, the layoffs are part of the"optimisation" strategy announced last year where the company plans to sack 2,500, ...
Companies Sebi bans FFSPL, its directors from securities markets for 3 years Sebi on Thursday barred Finassure Financial Services Pvt Ltd (FFSPL) and its directors from the securities market for up to three years for ... Jo Johnson, brother of UK ex-PM, resigns as director of Adani-linked firm Lord Jo Johnson, younger brother of former British prime minister Boris Johnson, has resigned his non-executive directorship of a UK-based ... Viacom18 turns to Jio playbook for IPL digital broadcast this year Men's and women's T20 leagues to be offered free on JioCinema app; 16 feeds in 12 languages, multi-camera angles, 4K broadcast among tech ... Tata Consumer Products gets nod to delist its global depository receipts Maker of Tata Tea announces net profit of Rs 352 crore » Read More Stories in Companies
Economy & Policy Union Budget 2023-24: Push for ELS cotton yield to reduce imports ELS cotton usually comprises those that are 32-36 mm Railways posts 73% revenue growth in Apr-Jan 2023 from same period in 2022 The railways' revenue earnings are up by 73 per cent in the passenger segment during April-January 2023 as compared to the same period last ... Green bonds, SLBs, MDBs in focus at G20 meet on sustainable finance The delegates deliberated on raising the size of blended finance, and stressed on the importance of multilateral development banks to deal with ... FPI outflows, Adani group's FPO cancellation sour mood for rupee The domestic currency closed at 82.18 per US dollar as against 81.93 per dollar on Wednesday » Read More Stories in Economy & Policy
Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) Blue Star 1329.55 4.97 Britannia Inds. 4575.70 4.72 BSE TOP GAINERS Company Price (Rs) Change (%) Welspun India 70.05 8.69 Clean Science 1481.40 7.64 BSE 52-WEEK LOW Company Price (Rs) Change (%) Adani Enterp. 1564.70 -26.50 Adani Green 1038.05 -10.00 BSE TOP LOSERS Company Price (Rs) Change (%) Adani Enterp. 1564.70 -26.50 Adani Total Gas 1711.50 -10.00 Reconsider Satyam order: Securities Appellate Tribunal to Sebi Regulator had fined Ramalinga Raju, others and banned them from market for 14 yrs Budget 2023: P-notes, SGX Nifty trading at GIFT City likely to get a boost Experts said p-notes issued at GIFT would not boost flows into the onshore markets in a big way but would be used for securities traded at the ... Adani Green's dollar bonds plunge past junk levels as group fights crisis Steep rise in yields raises questions about group's ability to raise fresh debt abroad Sebi mulls framework for REITs, InvITs to issue depository receipts Sebi on Thursday proposed to allow REITs and InvITs to issue depository receipts to provide foreign investors an opportunity to participate in ... » Read More Stories in Markets
Opinion Focus on finance Budget measures will strengthen financial markets Changing tracks Investment in Indian Railways must be backed by reforms A 'waterfall' for insolvency resolution Honouring secured contracts and mimicking the liquidation waterfall could promote a judicious system of distribution of proceeds and minimise ... Decluttering the defence budget There is a need to streamline allocations and make the budgetary document less complicated to assess its true impact » Read More Stories in Opinion
Finance Aditya Birla Capital's Q3 net up 27% YoY as retail, SME lending grows Strong performance across businesses help 40% YoY growth in lending book Rupee closes at 82.20 against US dollar amid foreign fund outflows The rupee fell 40 paise to close below the 82 per US dollar mark on Thursday, weighed down by foreign fund outflows and corporate dollar ... Budget effect: About 15% premium impact on some private life insurers On net, about 15 per cent of overall premium for these players could be under severe growth risk, leading to about 3-4 per cent hit to growth ... SBI gave loans worth $2.6 billion to Adani group companies, says report SBI's exposure includes $200 million from its overseas units, the person said, asking not to be identified discussing private information » Read More Stories in Finance
Technology Twitter to cancel free access to API from Feb 9; many apps to get affected Microblogging platform Twitter on Thursday said that it will stop offering free access to its API (Application Programming Interface) starting ... » Read More Stories in Technology
PF Budget 2023: New tax regime (II) can help you save more in taxes But high-income individuals who avail of a variety of deductions will still prefer the old regime » Read More Stories in PF
Beyond Business The multicultural landscape of Tamil heritage 'The Sweet Salt of Tamil' unveils the rich literary and cultural past of Tamil Nadu, and how the region's history informs and colours its » Read More Stories in Beyond Business
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