In this issue

December 01, 2022

'Remove caps on gas prices by Jan 1, 2027'

KIRIT PARIKH PANEL RECOMMENDATIONS

1 min

FPIs, global cues propel Sensex past 63K mark

India's benchmark indices gained for seventh consecutive session on Wednesday, closing at fresh highs buoyed by positive global cues and strong buying by foreign portfolio investors (FPIs).

1 min

Air India group most frequent flyer on 7 of 10 busiest domestic routes

It is 2nd biggest operator on 3 other routes

4 mins

Services sector helps GDP grow 6.3% in Q2

TRADE, HOTEL, TRANSPORT SERVICES SURPASS PRE-COVID LEVEL FOR 1ST TIME. MANUFACTURING CONTRACTS 4.3% AS PROFIT MARGINS COME UNDER PRESSURE

2 mins

Zetwerk set for 1-bn revenuein FY23 on China Plus One

Manufacturing unicorn Zetwerk said it is on track to cross over $1 billion in revenue during the current financial year.

1 min

E-marketplaces projected to see enterprise value zoom 3x

Digital marketplaces are projected to see their enterprise value more than double or triple and their contribution to gross domestic product to go up from 2-3 per cent currently to 5 per cent by 2027, according to a report released by Accel, jointly with Bain & Company.

1 min

CoC may ask bidders to sweeten offers for RCap

Several entities, including Hindujas, Piramal-Cosmea Financial Holdings, Oaktree, and Ahmedabad-based Torrent, made bids for the entire assets of Reliance Capital

1 min

Tatas eye quick turnaround by merging Vistara, Air India

The Tata group's decision to operate a single full-service airline after the merger of Vistara with Air India will enable faster turnaround and limit the expenditure on brand building, industry experts said.

2 mins

Alstom, Medha in race for ₹26,000-cr Vande Bharat order

Indian Railways to manufacture 200 lightweight trains; technical bids submitted

2 mins

Farm sector clocks 4.6% gsrowthin second quarter

Agriculture and allied activities clocked a robust growth of 4.6 per cent at constant prices during the July-September quarter of FY23.

1 min

Private consumption edges up in Q2

Infra investment almost flat; govt consumption falls

2 mins

Economy will grow over 6.8% in FY23: CEA

The Indian economy is on track to register 6.8-7 per cent GDP growth in FY23, said Chief Economic Advisor (CEA) V Anantha Nageswaran, on Wednesday.

2 mins

Will sustain high growth rate, inflation to fall next year: FM

‘Plan to sustain high growth rate through more government capital spending: see rupee stabilising without much intervention from the central bank’

2 mins

HDFC Bank likely to raise ₹15K cr via Tier-2 bonds, largest this FY

HDFC Bank is likely to raise up to ₹15,000 crore through the issue of Basel-III compliant Tier-2 bonds on Thursday, making it the largest such debt issuance this financial year, sources told Business Standard.

1 min

Fintech firms ready as RBI e-lending norms kick in

Many players tweaked biz model while others made operational changes

2 mins

Govt plans pilots on new DBT model for fertilisers

In a significant step, the Centre is planning to conduct pilots in a few districts of the country on a modified version of the direct benefit transfer (DBT) in fertilisers that would establish some connect between land holding and the nutrient's consumption.

2 mins

China adds risks to global growth as factories take a hit on Covid controls

Manufacturing PMI at 48 for Nov against 49.2 a month ago, services sector activity fell to 46.7

1 min

Jiang Zemin, leader who guided China into global market, dies

Jiang Zemin, the Shanghai Communist kingpin who was handpicked to lead China after the 1989 Tiananmen Square protests and presided over a decade of meteoric economic growth, died on Wednesday in Shangau. He was 96.

3 mins

Today, India commences its G20 presidency

Let's make India’s presidency one of healing, harmony, and hope

3 mins

India defies global gloom, bookmarks fresh highs

Experts say gains by Indian equities will be steady if there's no crude price surge

2 mins

Oil & gas stocks up after Parikh panel report

Shares of oil & gas companies, including those of city gas distribution (CGD) companies, were in focus on Wednesday and moved higher by up to 4 per cent on the BSE during intraday trade on reports that the Kirit Parikh Committee recommended a floor and ceiling price for natural gas produced from legacy fields for a period of five years.

1 min

Cenexi acquisition may not help Gland Pharma stock

Lack of near-term visibility on profitability for core business is a concern

2 mins

Easing input costs to aid margins of Asian Paints

Sales performance in the festival season was muted; volumes expected to recover

2 mins

States in overdrive to vaccinate as measles outbreak spreads

India's target to eliminate measles and rubella by December 2023 appears to be a long shot, as the country reported 9,489 cases between April and September this year, ahead of Somalia (8,435) and Yemen (6,478).

2 mins

AM/NS bulks up for the future

After buying out Essar Steel's assets in 2019, the JV is focusing on acquisitions to secure infra, expand into value-added products

4 mins

G20 share in world output falls as India's clout grows

On Thursday, India will assume the G20 presidency.

1 min

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