Saturday, December 31, 2022

Weather uncertainties grip agri sector in 2022; food grain supplies, crop prospects look bright

Weather uncertainties grip agri sector in 2022; food grain supplies, crop prospects look bright Government officials and farm experts hope that the New Year will be better as the area under coverage in the ongoing rabi season is higher as farmers were encouraged mainly by the hike in Minimum Support Price (MSP).

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Friday, December 30, 2022

2023: Recovery winds, airlines#39; expansion plans, Covid air pockets await Indian aviation sector

2023: Recovery winds, airlines#39; expansion plans, Covid air pockets await Indian aviation sector Mumbai/New Delhi, Dec 31 With tailwinds of high domestic air passenger traffic and airlines#39; ambitious expansion plans, the country#39;s civil aviation se..

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Moneycontrol Pro Weekender: The best of times, the worst of times

Moneycontrol Pro Weekender: The best of times, the worst of times While 2022 may have been a volatile year, investors will be wondering if 2023 will also play out in similar fashion. A better idea for investors is to take forecasts with a bucket of salt, look at the macro data emerging from key economies and watch for what central banks do

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The Year the Long Stock Market Rally Ended

The Year the Long Stock Market Rally Ended How fast inflation and high interest rates upended markets across the globe.

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Sharp fall in global dealmaking brings pandemic-era frenzy to a halt

Sharp fall in global dealmaking brings pandemic-era frenzy to a halt MA suffers record decline in second half of 2022 as interest rate rises hit financing

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Thursday, December 29, 2022

Revisit maritime policy to increase India’s shipping revenues, EXIM trade

Revisit maritime policy to increase India’s shipping revenues, EXIM trade While India followed a protectionist regime to promote Indian shipping, the reality was that it had a counter-productive influence by making the Indian shipping industry secure in a protected market with no innovation and growth towards global competitiveness

from Moneycontrol Business News https://www.moneycontrol.com/news/business/revisit-maritime-policy-to-increase-india’s-shipping-revenues-exim-trade_16789991.html

Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day A round-up of the biggest articles from newspapers

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Budget 2023-24 | Meet the team behind the numbers

Budget 2023-24 | Meet the team behind the numbers Moneycontrol profiles Finance Minister Nirmala Sitharaman and her panel of experts entrusted with drafting the annual financial statement

from Moneycontrol Business News https://www.moneycontrol.com/news/business/budget-2023-24-|-meetteam-behindnumbers_16789591.html

Nokhra solar project#39;s 50MW capacity to begin commercial operation from December 30: NTPC

Nokhra solar project#39;s 50MW capacity to begin commercial operation from December 30: NTPC Earlier this month, a 100 MW unit of the project started commercial operation, as per a BSE filing.

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Wednesday, December 28, 2022

Indian companies likely to raise funds via public issues in 2023 as cash tightens-bankers

Indian companies likely to raise funds via public issues in 2023 as cash tightens-bankers Indian companies raised around 5.38 trillion rupees ($64.95 billion) through private placements in 2022, largely aided by the banking system#39;s massive cash surplus, data showed.

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Gautam Adani says India will add $1 trillion to GDP every 12-18 months

Gautam Adani says India will add $1 trillion to GDP every 12-18 months “This century belongs to India,” Adani said during an interview with local news channel India Today late Wednesday. The first-generation entrepreneur also sees India becoming a green hydrogen exporter, adding that a government production-linked incentive plan makes the business viable and attractive.

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Gautam Adani says India will add $1 trillion to GDP every 12-18 months

Gautam Adani says India will add $1 trillion to GDP every 12-18 months “This century belongs to India,” Adani said during an interview with local news channel India Today late Wednesday. The first-generation entrepreneur also sees India becoming a green hydrogen exporter, adding that a government production-linked incentive plan makes the business viable and attractive.

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Is there a correct level to start buying IT stocks?

Is there a correct level to start buying IT stocks? Long-term investors could look to add some strong technology companies at a price correction

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Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day A round-up of the biggest articles from newspapers

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Toyota#39;s Innova HyCross priced at Rs 18.30 lakh

Toyota#39;s Innova HyCross priced at Rs 18.30 lakh The Bengaluru-based auto major unveiled Innova HyCross in November and it will be available at the dealership from mid next month.

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Tuesday, December 27, 2022

Apple shares witness record slump amid iPhone shortage

Apple shares witness record slump amid iPhone shortage The Chinese government#39;s zero Covid policy has resulted in a supply side problem for tech giant Apple. However, experts suggest that China#39;s lifting of Covid curbs could possibly create a demand issue as well

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Biological E, Bharat Biotech together sitting on stockpile of 250 million COVID vaccine doses

Biological E, Bharat Biotech together sitting on stockpile of 250 million COVID vaccine doses According to respective company sources, Biological E is holding 200 million doses of its COVID-19 vaccine Corbevax while Bharat Biotech is sitting on a stockpile of 50 million doses of Covaxin.

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MC Insider: Stock guru’s threat, block deal buzz, much-hated VC, will the real Kanishka stand up and more

MC Insider: Stock guru’s threat, block deal buzz, much-hated VC, will the real Kanishka stand up and more NULL

from Moneycontrol Business News https://www.moneycontrol.com/news/business/mc-insider-stock-guru’s-threat-block-deal-buzz-much-hated-vc-willreal-kanishka-stand-upmore_16787751.html

Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day A round-up of the biggest articles from newspapers

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Max Healthcare partners with genomics biotech firm Anuva

Max Healthcare partners with genomics biotech firm Anuva The two partners have signed a Memorandum of Understanding (MoU) for a five-year engagement, Max Healthcare said in a statement.

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Religare Finvest on track to restart its business; most lenders approve Rs 2,300 crore OTS plan

Religare Finvest on track to restart its business; most lenders approve Rs 2,300 crore OTS plan Once the OTS process is completed, RFL will come out of the Corrective Action Plan (CAP) imposed by the Reserve Bank of India in January 2018 due to its weak financial health.

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Cipla#39;s higher automation spends to continue for 3 more years: CTO Geena Malhotra

Cipla#39;s higher automation spends to continue for 3 more years: CTO Geena Malhotra The city-headquartered company started its investment journey on the automation front two years ago and has already been recognised for its work by multiple bodies, Geena Malhotra, the chief technology officer for the company, told PTI recently.

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Monday, December 26, 2022

Covid-19 surge | Indian exporters keeping fingers crossed amid rising cases in China, other countries

Covid-19 surge | Indian exporters keeping fingers crossed amid rising cases in China, other countries Major goods imported from China included electronic items, organic and inorganic chemicals, medicinal and pharmaceutical products, fertilisers, crude and manufactured and dyeing/tanning/colouring materials.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/covid-19-surge-|-indian-exporters-keeping-fingers-crossed-amid-rising-caseschina-other-countries_16786441.html

Covid-19 surge | Indian exporters keeping fingers crossed amid rising cases in China, other countries

Covid-19 surge | Indian exporters keeping fingers crossed amid rising cases in China, other countries Major goods imported from China included electronic items, organic and inorganic chemicals, medicinal and pharmaceutical products, fertilisers, crude and manufactured and dyeing/tanning/colouring materials.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/covid-19-surge-|-indian-exporters-keeping-fingers-crossed-amid-rising-caseschina-other-countries_16786431.html

Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day A round-up of the biggest articles from newspapers

from Moneycontrol Business News https://ift.tt/m5DSV4I

SpiceJet shareholders#39; approve re-appointment of Ajay Singh as director

SpiceJet shareholders#39; approve re-appointment of Ajay Singh as director At the annual general meeting, the shareholders also gave their nod for the adoption of audited financial statements for financial year ended March 31, 2022.

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SpiceJet shareholders#39; approve re-appointment of Ajay Singh as director

SpiceJet shareholders#39; approve re-appointment of Ajay Singh as director At the annual general meeting, the shareholders also gave their nod for the adoption of audited financial statements for financial year ended March 31, 2022.

from Moneycontrol Business News https://ift.tt/W7lGD60

Sunday, December 25, 2022

Happiest Minds – Why a steeper correction is possible

Happiest Minds – Why a steeper correction is possible The valuation is still heady in comparison to global peers and there is room for further correction in the stock

from Moneycontrol Business News https://www.moneycontrol.com/news/business/happiest-minds-–-whysteeper-correction-is-possible_16785261.html

MC Insider: Dubai calling for trader, promoter cousins call truce, financial product flying under the radar and more

MC Insider: Dubai calling for trader, promoter cousins call truce, financial product flying under the radar and more NULL

from Moneycontrol Business News https://ift.tt/An5resa

NCLAT sets aside CCI order on DLF, remanded back directing to examine

NCLAT sets aside CCI order on DLF, remanded back directing to examine The case pertains to CCI rejecting a complaint against DLF and its subsidiary for alleged abuse of the dominant position on the basis of a second/supplementary report from DG.

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LIC may look at composite licence after passage of insurance law tweak

LIC may look at composite licence after passage of insurance law tweak Insurance penetration in India during 2021-22 was 4.2 per cent, remaining same as in 2020-21.

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Mutual funds see muted 2022; expect better days in new year

Mutual funds see muted 2022; expect better days in new year The assets under management (AUM) of the mutual fund industry rose by 7 per cent or Rs 2.65 lakh crore in 2022.

from Moneycontrol Business News https://ift.tt/4OsUmKX

BlackRock’s Pitch for Socially Conscious Investing Antagonizes All Sides

BlackRock’s Pitch for Socially Conscious Investing Antagonizes All Sides Right-wing officials are attacking BlackRock for overstepping. Those on the left say the world’s biggest asset manager is not doing enough.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/blackrock’s-pitch-for-socially-conscious-investing-antagonizes-all-sides_16784461.html

Saturday, December 24, 2022

How Did Sam Bankman-Fried Make His $250 Million Bail?

How Did Sam Bankman-Fried Make His $250 Million Bail? Though Mr. Bankman-Fried was not required to pay $250 million, the large amount of the bond in this high-profile case has raised questions about the federal bail process.

from Moneycontrol Business News https://ift.tt/RJ3nh76

Friday, December 23, 2022

Moneycontrol Pro Weekender: Not a one-way Street

Ravi Ananthanarayanan Strap: Markets are sending out weak signals even as central banks get their act together to beat inflation. The other risk lurking is China#39;s rising COVID cases that investors must guard against

from Moneycontrol Business News https://ift.tt/cmC4RNw

Japan#39;s MUFG Bank extends Rs 450 crore credit facility to Tata Power

Japan#39;s MUFG Bank extends Rs 450 crore credit facility to Tata Power This credit facility was extended for two solar projects under TP Kirnali Limited (TPKL), the company said in a statement.

from Moneycontrol Business News https://ift.tt/E0VJhjR

Indian EV maker denies allegations of misappropriation of incentives

Indian EV maker denies allegations of misappropriation of incentives The Indian government is reimbursing electric vehicle and hybrid vehicle manufacturers for reducing the purchase price of their vehicles under the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME) programme.

from Moneycontrol Business News https://ift.tt/6Ac510V

Thursday, December 22, 2022

beatXP makes foray into smartwatch segment, targets 10% market share by 2023

beatXP makes foray into smartwatch segment, targets 10% market share by 2023 beatXP Business Director Ashish Dhuwan told PTI that the company has garnered an average sale of Rs 1 crore per day during the limited launch about 10 days back which gives it a confidence to comfortably achieve the set target. Founded in late 2021, beatXP#39;s consolidated business has crossed the Rs 100 crore mark.

from Moneycontrol Business News https://ift.tt/C7ZjJyL

Godrej Properties eyes Rs 3,000 crore sales revenue from 14-acre new land in Gurugram

Godrej Properties eyes Rs 3,000 crore sales revenue from 14-acre new land in Gurugram In a regulatory filing, the company said it has "entered into an agreement for development of 14.27 acres of land in Gurugram, Haryana." The development will comprise predominantly premium residential apartments.

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Food regulator specifies dimensions for new logo for vegan food packaging

Food regulator specifies dimensions for new logo for vegan food packaging The Food Safety and Standards Authority of India (FSSAI) said that every package of vegan food should carry the logo as specified in the notification.

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Country’s digital growth should go hand-in-hand with protection of individual digital rights: Supratim Chakraborty, Partner, Khaitan Co

Country’s digital growth should go hand-in-hand with protection of individual digital rights: Supratim Chakraborty, Partner, Khaitan Co Children’s personal data, especially, is a sensitive aspect and needs careful and immediate attention from a legislative framework perspective, says Supratim Chakraborty

from Moneycontrol Business News https://www.moneycontrol.com/news/business/country’s-digital-growth-should-go-hand-in-handprotectionindividual-digital-rights-supratim-chakraborty-partner-khaitanco_16783211.html

Flipkart sells over 82 lakh fashion, lifestyle products during end-of-season sale

Flipkart sells over 82 lakh fashion, lifestyle products during end-of-season sale Customers from Bangalore, New Delhi, Hyderabad, Kolkata, Mumbai, Pune, Chennai, Lucknow, Gurgaon and Guhawati shopped the most during the End of Season Sale (EOSS) which was held from December 7-12.

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Stride Ventures invests Rs 75 crore in Battery Smart

Stride Ventures invests Rs 75 crore in Battery Smart Battery Smart, which provides swapping networks for electric two and three-wheelers, will use the fund to add more batteries to its network and expand to new cities across India, the company said in a statement.

from Moneycontrol Business News https://ift.tt/LC6i8RQ

Wednesday, December 21, 2022

Piramal Realty to invest Rs 3500 crore in 2 years; aims to deliver 5,000 flats

Piramal Realty to invest Rs 3500 crore in 2 years; aims to deliver 5,000 flats Founded in 2012, Piramal Realty is the real estate arm of the business conglomerate Piramal Group. It is one of the leading developers with 15 million square feet of residential and commercial under development in the Mumbai Metropolitan Region (MMR).

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Startup Street | Why new businesses find it tough to grow up 

Startup Street | Why new businesses find it tough to grow up  Deciding when and how to scale up is tricky. Besides the right product and timely funding, it needs mental toughness and ability of founders to overcome challenges

from Moneycontrol Business News https://www.moneycontrol.com/news/business/startup-street-| why-new-businesses find-it-tough-to-grow-up _16782211.html

M3M India buys 350 acre land in Panipat for Rs 1,500 crore; to build township at Rs 2,700 crore cost

M3M India buys 350 acre land in Panipat for Rs 1,500 crore; to build township at Rs 2,700 crore cost Gurugram-based M3M India promoter Pankaj Bansal said the company will invest a total of Rs 2,700 crore, including land and construction costs, to develop this township project and expects a sales revenue of Rs 5,000 crore.

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Tuesday, December 20, 2022

Vedanta announces incentives for purchase of EVs by employees

Vedanta announces incentives for purchase of EVs by employees As part of its commitment towards net-zero carbon, the company has pledged 100 per cent of its light motor vehicles to be decarbonised by 2030.

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Glenmark Pharma launches combination drug for diabetic patients

Glenmark Pharma launches combination drug for diabetic patients This fixed-dose combination offers patients with Type 2 diabetes the convenience of once daily dosing to improve their glycemic control. It is priced at Rs 14.90 per day, thereby reducing the daily cost of therapy by 40 per cent, making it more affordable to the masses, the company said in a statement.

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Sam Bankman-Fried Said to Be in Talks With Prosecutors Over Bail Deal

Sam Bankman-Fried Said to Be in Talks With Prosecutors Over Bail Deal Lawyers for the FTX founder are in talks about a deal that could allow him to be released on bail when he is extradited to the United States on fraud charges

from Moneycontrol Business News https://ift.tt/Zk9ojPJ

Tata Group moves Bombay HC against Rs 1,500-crore GST claim on Docomo deal: Report

Tata Group moves Bombay HC against Rs 1,500-crore GST claim on Docomo deal: Report Tata Sons has now tapped the HC to challenge the Rs 1,500 crore claimed as GST liabilities on its $1.27 billion in payments to former partner and Japanese telco NTT Docomo, in 2017

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LTIMindtree Q4 Preview: Lower pass-through revenue seen impacting growth marginally

A compilation of estimates suggests the company#39;s Q4 FY24 net profit is projected to decline by 2.2 percent quarter on quarter to Rs 1,1...