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Showing posts from December, 2022

Green drive: Over a dozen electric SUVs set to hit the roads in 2023

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Bitcoin at $200,000 projections flop as coin ends year down 60%

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Bitcoin, weighed down by an uber-hawkish Federal Reserve and a string of scandals and implosions of the crypto space’s once-vaunted projects, lost more than 60% in 2022, its second-worst annual performance on record, and only its third down year ever. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PyoAWLr via IFTTT

'Indian markets may see FPI revival after worst-ever selloff in 2022'

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Foreign investors sold off Indian equity markets in 2022, leading to a 4% annual gain for the benchmark index. However, in the second half of the year, foreign investors bought back shares, indicating that they expect India's economy to grow in the future. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WLtyJj6 via IFTTT

China economic activity worsens in December as Covid spreads

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The official manufacturing purchasing managers index fell to 47 this month from November’s 48, the National Bureau of Statistics said Saturday. That was worse than an estimate of 47.8 in a Bloomberg survey of economists. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3O20Q7f via IFTTT

Core sectors' output surges by 5.4% in November

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Adani takes over NDTV, founders Roys quit

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NDTV founders Prannoy Roy and Radhika Roy have stepped down from the board of the news network after billionaire Gautam Adani gained controlling stake of 64. 7% in the media company. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NJuRToM via IFTTT

Luxe drive: Cars with price tag of over Rs 1 0 lakh corner record 4 1 % of market

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2022 sees sale of 6L new vehicles in Delhi, 32% jump since last year

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Elin Electronics makes muted market debut; shares decline post listing

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The IPO had a fresh issue of up to Rs 175 crore and an offer-for-sale of up to Rs 300 crore, aggregating up to Rs 475 crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/W6zjKx2 via IFTTT

Rupee edges up as analysts reckon CAD likely peaked, dollar slips

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Higher oil prices further weighed on the rupee as its trade deficit expanded, but cooling commodity prices has improved prospects for 2023. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rczgdGb via IFTTT

Equity investors turn richer by Rs 16.36 lakh crore in 2022

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Dalal Street investors became richer by more than Rs 16.36 lakh crore this year as the equity market scaled new highs despite persistent geopolitical uncertainties and inflation worries. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qmn8MYL via IFTTT

Oil set to close higher in 2022, a turbulent year marked by tight supplies

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Looking ahead on supplies, western sanctions will push Russia to divert more crude and refined products exports from Europe to Asia. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/cnr8vIs via IFTTT

Asia stocks rise as investors find foothold at end of brutal 2022

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Japan's Nikkei rose 0.22%, while Australia's S&P/ASX 200 index rose 0.34%. China stocks were 0.63% higher, while Hong Kong's Hang Seng Index rose 1.5%. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XYvEOUV via IFTTT

At 4.4% of GDP, current account deficit hits 9-year high

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The country's current account deficit (CAD) widened in the second quarter of FY23 to a nine-year high of 4.4% of the gross domestic product, or $36.4 billion in absolute terms. In value terms, the quarterly CAD is the highest in more than a decade and more than the $35 billion forecast by economists. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/x4wIKXZ via IFTTT

Soaring subsidy bills of states may constrain spending on development: RBI

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Why Sitharaman has a difficult path to tread this budget

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India Budget 2023: Global economic headwinds and the pressures typical in a pre-election year make it that much more challenging to strike a balance between budgetary measures and expectations. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZJRnvrF via IFTTT

Gold prices edge up as dollar eases

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Gold prices ticked up on Thursday as the US dollar eased, with traders awaiting new indications on the Federal Reserve's rate hike plans. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/JgLU4s2 via IFTTT

Mickey’s copyright adventure: Early Disney creation to be public property soon

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Smaller cities driving e-payments: Paytm

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Tesla shares extend losses on demand worries in China

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Tesla has lost more than half its value since the start of October as investors worry that Twitter was taking much of Chief Executive Elon Musk's time while fretting about his stake sale in the electric-car maker. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MvYXBcV via IFTTT

BluSmart investor lines up 4 more bets in India

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Global consensus for use of e-currency: RBI

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Govt debt rises 1% to Rs 147 lakh crore in Q2

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Startup funding surges beyond hubs

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Gig platforms slow to adopt minimum wage policy: Study

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Spread Covid awareness: Irdai to insurance companies

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Manasi Tata is director on Kirloskar JVs

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Sebi to banks: Attach Sahara firm, Roy accounts

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From industry leader to defaulter: Rise & fall of Venugopal Dhoot

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Starting with a family, which had a dealership of Bajaj Auto's scooters, to becoming the owner of a household name in consumer appliances who could afford to have Bollywood superstar Shah Rukh Khan as the brand ambassador, Venugopal Dhoot's is a story of an aggressive small town businessman's pursuit to be on the top. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FYrN6se via IFTTT

Bond yields tad higher tracking US peers, oil prices

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US Treasury prices slumped, with the 10-year note's yield rising to 3.75% for the first time in nearly four weeks, after data showed that personal income rose more than expected in November, while October inflation data was revised upwards. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1zt9oKx via IFTTT

Rupee trades flat against US dollar amid rising crude oil prices

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The rupee on Monday started the session on a flat note against the US dollar amid rising crude oil prices and persistent foreign capital outflows. At the interbank foreign exchange, the rupee opened at 82.79 against the dollar and lost ground to later trade at 82.83, registering a fall of 1 paisa over the last close. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tQLDogE via IFTTT

Extend HRA tax benefit to home loans: Experts

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Govt weighs allowing Apple’s Chinese suppliers via JV route

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With 96%, LIC leads in claim settlement ratio: Irdai

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Chanda Kochhar: From Kamath's angel to jail

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Among other things, the CBI has accused Chanda Kochhar, 61, of irregularities, flouting banking rules and laws in a series of loans sanctioned to industrialist Venugopal N. Dhoot's Videocon Group between 2009-2011, when she was lording over the bank. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ueX8qIE via IFTTT

FPIs invest Rs 11,557 crore in equities in December

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Going ahead, macro data from the US and Covid news will drive FPI flows and the markets in the near term, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/AoiRFHK via IFTTT

India's coal demand likely to peak between 2030-2035: Minister

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Mcap of 10 most valued firms erodes by Rs 1.68 lakh crore

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Last week, the Sensex tumbled 1,492.52 points or 2.43 per cent. Market sentiment remained weak amid surging Covid cases in China and a few other nations, while stronger US growth data cemented expectations of the Federal Reserve continuing with its hawkish stance. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8HDUeVL via IFTTT

2022 saw record checks by DGCA on airlines, airports

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The Directorate General of Civil Aviation (DGCA) says it has made the highest number of surveillance checks in a calendar year in 2022. Numbering at 4,378 checks in all, 3,013 were planned while 1,365 were unplanned. These include safety audits, ramp inspections, spot checks, and night surveillance on airlines, till Thursday (December 22), apart from airport operators, approved organisations, and flying training schools to check whether they are following safety standards. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/B1jdFeL via IFTTT

Waiver for PwDs at national institutes announced

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In a step aimed at enhancing access to rehabilitation facilities for persons with disabilities (PwDs), the Central government has decided to waive off the fees for registration, diagnostics and treatment at all nine national institutes and 21 associated composite regional centres (NRCs) across states from January 1 for all those having unique IDs for PwDs. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SbCzXvN via IFTTT

59% of Indian carriers’ fleet are fuel-efficient, data shows

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Only about 20% of the world’s current, in-service airline fleet comprises latest generation aircraft, with most of the commercial airline aircraft in use today being previous generation fuel guzzlers. But India is far ahead in the aspect of decarbonisation as 59% of its airline fleet comprises latest generation, fuel-efficient aircraft, as per data provided by European aerospace corporation, Airbus. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2S6Kj4N via IFTTT

Twitter restores suicide prevention feature after report

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Twitter Inc restored a feature that promoted suicide prevention hotlines and other safety resources to users looking up certain content, after coming under pressure from some users and consumer safety groups over its removal. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ywaY1Wm via IFTTT

Loan fraud case: Chanda Kochhar, husband remanded to CBI custody

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A special court in Mumbai on Saturday remanded former ICICI Bank CEO-MD Chanda Kochhar and husband Deepak to the custody of Central Bureau of Investigation (CBI) for three days in Videocon loan fraud case. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7oYSOWb via IFTTT

It will take 20yrs for India to become developed nation: Ex-RBI chief

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To be classified as a developed country, the per capita income will have to be at a minimum of $13,205 and that will take more than two decades of strong growth of between 8 to 9% to achieve it, former RBI governor C Rangarajan said. In terms of per capita income, India's rank according to IMF is 142 out of 197 countries. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/37huI5a via IFTTT

Twitter removes suicide prevention feature, says it's under revamp

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Twitter Inc removed a feature in the past few days that promoted suicide prevention hotlines and other safety resources to users looking up certain content, according to two people familiar with the matter who said it was ordered by new owner Elon Musk. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2rcqU3k via IFTTT

Selected int'l passengers won't need to pay for Covid test at airports

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The Union aviation ministry said in a note on Friday: "Airport operators shall conduct random test sampling through the NABL/ICMR empanelled laboratories at subsidised and uniform rates as applicable for all international airports. The cost of testing shall be reimbursed by the Union health ministry on submission of duly certified bills..." from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zvfouim via IFTTT

PhonePe completes separation from Flipkart

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Flipkart and PhonePe have completed their separation and both entities will continue to operate under US-based retail giant Walmart, a joint statement said on Friday. PhonePe was acquired by Flipkart Group in 2016. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/A20pUdW via IFTTT

Rupee trades flat against US dollar amid weak stocks, firm crude oil

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At the interbank foreign exchange market, the rupee opened marginally down by 2 paise at 82.81 against the previous close of 82.79. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wA5uJpo via IFTTT

Oil climbs on expected drop in Russian exports, offsets US storm impact

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Oil prices rose on Friday on expectations of lower Russian crude exports from the Baltic region in December, offsetting worries that a looming Arctic storm across the US could snuff out transport fuel demand growth this holiday season. Russia's Baltic oil exports could fall by 20% in December from the previous month after the EU and G7 nations imposed sanctions and a price cap on Russian crude, according to traders. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8lK7Fcj via IFTTT

Asian markets track Wall St down as recession worries return

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Those worries were increased by the Bank of Japan's shock decision this week to move away from its ultra-loose monetary policy, increasing bets on an even more restrictive investment environment in 2023. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kpSVw5H via IFTTT

Bankman-Fried, charged with 'epic' fraud, released on $250mn bond

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FTX, a cryptocurrency exchange, collapsed in November 2019, leading to the loss of billions of dollars in customer funds. Sam Bankman-Fried, the founder of FTX, is accused of stealing billions of dollars in customer funds to plug losses at his hedge fund, Alameda Research. Federal prosecutors in Manhattan have accused the FTX founder of stealing billions of dollars in customer funds to plug losses at his hedge fund, Alameda Research. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QeXYvg9 via IFTTT