In this issue

November 19, 2022

Musk's hardcore'ultimatum sparks exodus at Twitter

Internal communication channels filled with employees offering a salute emoji, a symbol for departing the firm; offices closed until Monday

2 mins

Economy resilient, on track to grow at about 7% in FY23: RBI report

Headline inflation showing signs of easing, it says

1 min

India successfully launches its first pvt sector rocket

PM calls it‘a historic moment’

1 min

Up to 250-cr fine for personal data breach

Data localisation mandate eased; Bill released for public consultation, DIGITAL PERSONAL DATA PROTECTION BILL, 2022

1 min

10% of Jet staff on leave without pay

Airline reduces salaries of 23% employees

1 min

Digital channels account for 25% of demand: HUL

Hindustan Unilever (HUL) said the digital channel now accounts for 25 per cent of demand.

2 mins

People continue to seek side gigs amid demand for tech skills

Most job search platforms say they witnessed an increase in people signing up for a second job or freelance work

2 mins

M&As prove to be a shot in the arm for hospital expansion

Analysts say these deals significantly reduce the go-to-market time, and give instant market share and access to patients in certain geographies

3 mins

Govt raises maximum term of PSB CEOs, MDs

Candidate can be appointed for 5 yrs; tenure can be extended by another 5

1 min

India to be a semiconductor manufacturing hub: MOS IT

Well positioned, given the efforts in last 5-6 years, says Chandrasekhar

2 mins

Ind directors ask shareholders to carefully evaluate open offer

The independent directors of New Delhi Television (NDTV) have asked shareholders of the company to carefully evaluate Adani group's upcoming open offer for an additional 26 per cent stake in the news broadcaster.

1 min

India driving global quest for autonomous e-vehicles

Nearly 35% of codes to make one fully driverless car is being written in India

2 mins

Trend shift? Bank deposits rise 4x versus credit offtake

Against the ongoing trend, scheduled commercial banks mobilised about four times more in deposits than the credit disbursed in the fortnight ended November 4.

1 min

CPSE capex jumps in Oct, at 53% of FY23 target

Capital expenditure (capex) by large central public sector enterprises (CPSES) with a target of 100 crore or more touched 53.03 per cent of the annual target of *6.62 trillion during the first seven months of the financial year, according to sources.

2 mins

Independence of CAs essential for securing integrity of reports: Sitharaman

The independence of chartered accountants is of paramount importance to establish the integrity of financial statements as they are not only responsible to shareholders but also to financial institutions, the government, and retail investors.

1 min

Forward premia at 11-yr low as rate gap narrows

The trajectory of the rupee has also contributed to the easing premia

2 mins

Spurred by high prices, wheat acreage grows 15%

Favourable weather also boosts sowing

1 min

LIC eyes 75:25 mix of par, non-par in individual biz

State-owned insurance behemoth Life Insurance Corporation (LIC) is aiming to achieve a mix of 75:25 between participatory (par) and nonparticipatory (non-par) businesses in the individual segment in the next few years and once that happens, it will give a significant push to the value of new business (VNB) and VNB margins of the corporation, the management said in an analyst call after the company's Q2 results.

2 mins

Forex reserves surge at fastest pace in over a yr

Weaker spot market purchases lift reserves to 544.72 bn

2 mins

Maersk, JSW & Essar Ports in growing list of Concor suitors

Maersk is already planning to double its warehousing presence in India in a year

2 mins

India likely to join IPEF's first negotiating round

Could be part of non-trade discussions in Brisbane from December 10 to 15

3 mins

Euro zone banks return $308 billion in cheap ECB funding

Euro zone banks are set to repay nearly $310 billion in loans to the European Central Bank next week, the ECB said on Friday, the biggest cash withdrawal from the euro zone's financial system in the euro's 22-year history.

1 min

More layoffs in 2023: Amazon CEO Andy Jassy

Tech giant to pause hiring in corporate workforce

1 min

Modi’s G-20(24)

Heading G-20 will give India a foreign affairs year like it has never had in history. And changes around the world give Narendra Modi a lot of newly-opened strategic space to play with

5 mins

MF firms go beyond big cities, add more physical branches

This despite digitisation empowering transactions; SBI MF leads the way with 55 new offices

2 mins

Third-highest crypto app downloads in India: BIS

India ranked third globally in terms of the number of downloads of cryptocurrency exchange applications between August 2015 and June 2022, data from a working paper released by the Bank for International Exchange (BIS) showed. The total downloads of such apps in India stood at 30.1 million.

1 min

Worst may be over for NMDC stock

Margins may have bottomed out, cash flows likely to improve, say analysts

2 mins

SME RIGHTS ISSUE DROUGHT GOES ON FOR 5 YRS

Smaller companies are no longer coming back to shareholders to raise additional money through rights issues.

1 min

Indices slip for 2nd day, close in red for the week

The Sensex and Nifty stayed on the back foot for the second straight session on Friday as investors offloaded auto, finance, and energy stocks amid a lacklustre trend in global markets.

1 min

Ad growth worries: Zee, Sun TV may underperform

Between the two, Sun saw better growth rates during September quarter

2 mins

Two-wheelers rev up for mid-size battles

Royal Enfield has made aggressive moves in the 250-350 ccsegmentthat it dominates, but the competition is accelerating

3 mins

India is catching up but road still long, say women leaders

The majority of BSNL’s upcoming 125,000 AG towers will be installed across rural areas, which are yet to see 4G coverage, _ said officials.

2 mins

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