In this issue

November 17, 2022

G20 adopts PM's message on war

Modi says India’s G20 presidency to be inclusive, ambitious, decisive, and action-oriented

1 min

US, China, UAE drive India's 1st export contraction in nearly 2 yrs

Exports to seven of top 10 destinations shrink in Oct

2 mins

India Inc earnings signal end of deleveraging cycle

Financial ratios worsen in H1FY23 amid poor profitability, higher borrowings

3 mins

LIC's move to sell RCap's debt to ARC upsets lenders, bidders

Days ahead of the deadline to submit binding bids, LIC's move to sell its 3,400-crore secured principal debt of cash-strapped Reliance Capital Ltd (RCap) to an asset reconstruction company (ARC) has irked its lenders and bidders.

1 min

Bajaj eyes S-E Asia to take e-scooter space by storm

Thailand expects 30% of ICE vehicles to be electric by 2030

2 mins

Minimum wages deadlock: Swiggy strike enters Day 3

Lijin Mohanan from Kochi used to work as a production manager in Malayalam tinsel town until the pandemic reared its ugly head.

1 min

Job uncertainty: Amazon India staff on the edge

Hiring puton back burner, all travel plans shelved

2 mins

Start-ups look to shake up car space, refresh form and features

After the electric-two-wheeler which has seen a flurry of models from various start-ups, the e-car market is all set to be disrupted by start-ups changing the rules of the game.

3 mins

Media ownership concentration threat to democracy: Trai chief

Recommendations in the works; consultation paper on media ownership was released in April

2 mins

Thierry Bolloré quits JLR after 2-year stint

Jaguar Land Rover's (JLR's) Chief Executive Officer (CEO) Thierry Bolloré has resigned \"for personal reasons\", Tata Motors said in a stock exchange notification. He will be leaving the firm on December 31, the firm said.

1 min

M&E industry value estimated at $29 billion: CII-BCG report

The India media & entertainment industry is estimated to be valued at $27-29 billion in 2022 and is poised to grow to $55-65 billion by 2030, said a report.

1 min

Power ministry proposes pool of old thermal power units

The Union Ministry of Power has proposed creating a pool of efficient thermal power units that are more than 25 years old to act as a balancing source for the increasing share of renewable energy in the electricity grid.

2 mins

Keep eye on macroeconomic scene: RBI to banks

Central bank expresses concerns over deposit growth lagging high credit offtake

2 mins

Sunak green-lights visa scheme for 3,000 Indians between 18 and 30

British Prime Minister Rishi Sunak on Wednesday green lit a new youth mobility partnership scheme that will offer 3,000 visas to 18-30-year-old degree-educated Indians every year to live and work in the UK for up to two years.

1 min

G20 FMs, central bank guvs to meet in Bengaluru in Feb

2nd apex meeting of Finance Track to be held inJuly

2 mins

Mobile industry agrees for phased roll-out of uniform device chargers, says govt

Smartphone companies and industry organisations have agreed to a phased roll-out of a uniform charging port for all electronic devices, the Consumer Affairs Ministry said on Wednesday.

1 min

Govt gets ₹3,839 cr from Axis stake sale; disinvestment kitty swells to ₹28,383 cr

The government has garnered about ₹3,839 crore by selling a 1.5 per cent stake in Axis Bank, held through SUUTI. Last week the government sold a 1.5 per cent stake in Axis Bank through the Specified Undertaking of the Unit Trust of India (SUUTI).

1 min

Democratised tech to fight poverty: PM

Technology was once the exclusive domain of the high and mighty but India has shown how to democratise it, said Prime Minister Narendra Modi on Wednesday as he sought investments for the country.

1 min

IT sector will recruit 200,000 innearterm: Kris Gopalakrishnan

The Indian information technology industry will continue growing despite global macroeconomic challenges, said Kris Gopalakrishnan, a cofounder of Infosys, citing investments in digitisation and technology for his projection.

1 min

'We're moving away from volatile corporate bulk deposits'

Instead of depending on corporate bulk deposits that have a share of volatility, RBL Bank is looking at granular growth of liabilities, MD & CEO R SUBRAMANIAKUMAR tells Bhaskar Dutta in an interview.

3 mins

NMDC eyes stake in Australia junior exploration companies

With the race for lithium intensifying across the world, public sector miner NMDC is in discussion to invest in lithium focused exploration firms in Australia to secure offtake for India.

1 min

Govt likely to ease broken rice export ban; impose duty

Curbs may stay, outright lifting of ban ruled out

2 mins

BASIC bloc slams flip-flop over climate financing

BASIC countries or bloc of four newly industrialised nations - Brazil, South Africa, India, and China - came down on developed nations in a joint session on climate change at COP27 for not meeting their climate financing goals and backtracking on their mitigation commitments.

1 min

Call GST meet urgently: Amit Mitrato FM

Former Bengal Finance Minister Amit Mitra has written to Union Finance Minister Nirmala Sitharaman asking her to convene a meeting of the Goods and Service Tax Council, and pointing out that as per the regulations governing the all-powerful body, a meeting should be held every quarter.

1 min

Ukraine's mistake, Russia's responsibility: says Nato as missile strike kills 2 in Poland

Nato member Poland and the N head of the military alliance both said Wednesday there was no indication” that a missile that came down in Polish farmland, killing two people, was an intentional attack, and that air defences in neighbouring Ukraine likely launched the Soviet-era projectile to fend off a Russian assault that savaged its power grid.

1 min

Artemis mission takes flight in historic leap for Nasa's moon programme

Nasa’s next-generation rocketship was on course Wednesday for a crewless voyage around the moon and back, launched from Florida on its debut flight half a century after the final lunar mission of the Apollo era.

2 mins

Humans face reproductive crisis as sperm count declines: Study

The decline, including in India, reflects a global crisis related to modern environment and lifestyle: Research

2 mins

UK inflation hits 41-year high of 11.1%

The figure comes a day before Hunt is scheduled to unveil a new Budget

1 min

Handling external shocks

Following the US Fed's monetary policy lead is notin the interest of emerging economies

4 mins

Making cities smart and sustainable

As the world is becoming more urban than ever, it is crucial to place cities at the centre of the development agenda to try to enhance their liveability and mobility.

3 mins

Rating agencies raise red flag: QIP monitoring may hit disclosure wall

Disclosures around utilisation of issue proceeds not as exhaustive as initial public offerings

2 mins

Watchdog mulls overhaul of buyback regulations

Sebi comes out with consultation paper; cutting time period, increasing repurchase amount on the anvil

1 min

Near-term margins may remain muted for Astral

The stock of the country's largest plastic pipe maker by market capitalisation, Astral, shed 6.7 per cent over the last three trading sessions as brokerages cut their earnings estimates on the back of weak volumes and margin miss in the September quarter for the 2022-23 financial year Q2FY23) Brokerages believe that the softening polyvinyl chloride PVC) prices are expected to impact its margins in QFY23 as well.

2 mins

SoftBank to offload 29 million shares in Paytm via block deal

Floor price set at ₹555, an 8% discount to last close

1 min

Investment focus should be exposure to winners, index funds make it happen'

The strength of passive investing is that it represents the whole stock market. Of course, there will be losers on the way but one should not fret too much about it

3 mins

High cost burden sees OMCS struggle at the bourses

Oil marketing firms, RIL may feel the pinch on profits as crude prices remain firm

2 mins

Indians made up over 6% of emigrants in’20

The total number of Indians living outside of the country touched 17.9 million that year

1 min

IHH nurses Fortis back to health

After a bruising bidding war four years ago, Fortis has moved to pare its debt and expand modestly

3 mins

Malabar in Japan 22 draws to a close with tactical drills

The 26th edition of the multinational Exercise Malabar culminated in the seas off Japan on Friday, marking the 30th anniversary of the event hosted this year by the Japan Maritime Self Defense Force (JMSDF).

3 mins

Skyroot counts down to SpaceX moment

Hyderabad firm will launch Vikram-S, a first for a privately developed and operated rocket in India, tomorrow

2 mins

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