In this issue

November 15, 2022

Confidential pre-filing of IPOs soon to test waters

Securities and The Exchange Board of India (Sebi) plans to allow companies taking the confidential pre-filing route for their initial public offerings (IPOS) to market their issues to institutional investors to gauge demand and arrive at fair pricing.

2 mins

Biofuels, green H₂ to power India's low-carbon growth

Minister outlines plan for carbon reduction

2 mins

Retail inflation eases to 3-mth low of 6.77%

May make MPC less hawkish on rate hike; WPI inflation dips to 19-month low of 8.39% in Oct

2 mins

Supply chain woes: Akasa to fly with 15 fewer seats

Akasa Air will induct 11 Boeing 737 MAX aircraft with 15 fewer seats (174 instead of 189) between November this year and March next year due to sourcing challenges. Seats in some of these aircraft will not be equipped with a universal serial bus (USB) port and will sport upholstery different from its present-day purple colour.

1 min

Apparel retailers all smiles as in-store sales back in vogue

Apparel retailers saw their cash registers ringing for the second consecutive quarter, aided by strong festival demand and the reopening of offices, as people thronged physical stores to shop after two years of the Covid pandemic.

1 min

Hatchback sales lose momentum in India

Sales growth of entry-level cars or hatchbacks like WagonR and Alto have seen a decline during the past few years due to changing consumer preference.

1 min

SpiceJet posts highest-ever quarterly loss

SpiceJet on Monday reported its highest-ever quarterly loss in the second quarter of the fiscal year (Q2FY23) after the carrier's operations were impacted by record high fuel prices, limited capacity and rupee depreciation.

1 min

Srei auditor flags fraud deals worth ₹13,110 cr

Amount includes transactions of ₹1,283 crore een ned to be undervalued’

2 mins

Disinvestment target may stay elevated for FY24

The central government is expecting not to miss its disinvestment target for this fiscal year by much, if at all, as it looks to bring in 35,000 crore from the sale of its residual stake in Hindustan Zinc (HZL).

2 mins

Worst of ₹ volatility seen over as Fed view softens

₹ likely at 81.68 by December-end, largely stable at 81.75 by March-end

2 mins

GOYAL CALLS FOR IITF-LIKE FAIRS FOR SHOWCASING SWADESHI CAPABILITIES

Commerce and industry minister Piyush Goyal on Monday suggested that an exhibition similar to the India International Trade Fair (IITF) can be organised in May or June to showcase swadeshi capabilities and its emerging strength.

1 min

FinMin may give ₹25K cr more for MGNREGS

But asks rural development ministry to identify and remove inefficiencies

2 mins

Third, and the biggest, edition of coastal defence exercise from today

The Navy and Coast Guard will conduct the third, and largest, edition of the comprehensive coastal defence Exercise Sea Vigil-2022 on Tuesday and Wednesday.

2 mins

Hemmed in by rate hikes, HFCs see 19% dip in Q2 net profit

Interest expenses rise amid hardening rate cycle

1 min

LIC has edge over pvt insurers: Gains market share in FY23

Top private insurance firms shed 447 bps as national insurer gets aggressive in group business

1 min

Health sector gets $1.5-bn investment so far this year

Investment activity in the health care space is picking up over the past few years, and has not slowed down due to the Covid-19 pandemic, industry experts said.

1 min

Delhi govt refuses bailout for RInfra, DMRC woes likely to continue

Last week, a meeting between DMRC, central government officials, and the Delhi government remained inconclusive. The urban affairs ministry and the Delhi government could not reach an agreement on the modalities of infusing 5,000-crore equity into DMRC

1 min

G20 MEET: MODI REACHES BALI Will have extensive talks on global issues, says PM

Prime Minister Modi arrived Narendra here on Monday to attend the G20 Summit of the world's major economies and hold bilateral meetings on its sidelines with key leaders on pressing global issues.

2 mins

Govt to help 'UP Khadi start-ups, e-commerce

Looking to boost ethnic Indian textile and apparel, the Uttar Pradesh government has crafted a road map to nurture start-ups and e-commerce dedicated to 'UP Khadi'.

1 min

80% of the nation may get 5G by next festival season

Telecom gear companies have put together a 5G network roll-out plan with service providers to install new radios at an average of 160,000 towers per operator by September-October or during the festival season next year.

2 mins

Adani's open offer for 26% stake in NDTV gets Sebi nod

Approval allows Adani to buy more equity from minority shareholders

1 min

Aliens and deep tunnels': Musk offers vision for future at G20

“I THINK THIS WOULD REALLY OPEN UP THE WORLD IF YOU COULD TRAVEL ANYWHERE IN THE WORLD IN LESS THAN AN HOUR”

2 mins

Taiwan 'first red line', should not be crossed, Xi tells Biden

No imminent attempt by China to invade Taiwan: Biden

1 min

4,400 contract employees at Twitter sacked

I'm working morning to night, seven days a week, says Musk; Twitter spends 13 mn a year on food service

1 min

Binance forming recovery fund to help projects in liquidity crisis

Binance CEO's announcement triggers rise in Bitcoin, Ether

1 min

A narrow window of opportunity

Thailand and China are at risk of growing old before they grow rich; India must grow its GDP at8-9 per cent or more to avoid that fate

2 mins

Cooperation not necessary to fight climate change

The United Nations Climate Change Conference (COP27) in Egypt highlights the growing consensus that multilateral cooperation is necessary to avert environmental catastrophe.

3 mins

Storytellers ride the OTT boom

An eclectic bunch of content factories has emerged to feed growing demand for streaming video

5 mins

World clocks 8 bn, India most populous by Jul: UN

Indian cities need 840 bn investment over15 yrs, says World Bank report

2 mins

Markets follow Asian peers to end in red

In a volatile trade, benchmark indices ended lower on Monday dragged down by index heavyweights ICICI Bank, ITC and Reliance Industries amid largely weak Asian markets.

1 min

Wary investors exit debt funds despite attractive returns

Fund managers, mutual fund distributors expect net inflows after completion of rate-hike cycle

2 mins

Investors react positively to LIC's good showing in 2nd quarter

Strong September quarter results for the 2022-23 financial year (Q2FY23) from the giant Life Insurance Corporation of India (LIC) has led to a spurt in the share price, which is still, however, well below the Initial public offering (IPO) price.

2 mins

IN OCT, EQUITY MFS BOOKED GAINS IN WINNING STOCKS

Equity mutual funds (MFs) were seen booking gains in frontline stocks that saw stellar gains last month.

1 min

Sebi plans to streamline disclosure framework

SUGGESTS HALVING DISCLOSURE TIMELINE TO 12 HOURS. PROPOSES MANDATING TOP 250 LISTED MEDIA REPORTS FIRMS TO CONFIRM/DENY

2 mins

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