In this issue

May 29, 2023

790 mt and rising: Big & small MDOS help meet coal demand

In 2015, the coal mining sector started from scratch following a Supreme Court order cancelling all prior mine allocations and the implementation of the Coal Mines (Special Provisions) Act (CMSPA).

3 mins

Consumption trend lifts FY23 GDP hopes

Economists increasingly expecting 7% full-year growth

2 mins

Foreign VC funding dips 72% as unicorn machines stutter

As the so-called funding winter for India's startups lingers on, the venture capital order in the country is getting upended.

2 mins

The Super Bowl pitch: IPL wins the audience Test

Despite a rain-affected final match, the 2023 edition of the Indian Premier League (IPL) delivered it all thrill, excitement, reach, and (hopefully) revenues.

2 mins

'Amazon of South Korea' Coupang looks to add India to cart

South Korean e-commerce giant, Coupang, is planning to enter the Indian market.

3 mins

Airlines start filling up Go First void even as fares soar up to 5x

Air India, Vistara have started four and 14 new weekly services on the Mumbai-Goa route

2 mins

Bombay Burmah makes ₹1,866-cr provisions for Go First exposure

The holding company of Wadia Group, The Bombay Burmah Trading Corporation (BBTCL), has fully provided for its equity exposure to bankrupt Go First (founded as GoAir) airline and made a provision of ₹1,865.66 crore for 2022-23 as regards its investments in Go First and other related financial obligations (excluding a share of the loss in Go First during the year).

1 min

Uber partners GeM to offer taxi services to govt offices, PSUs

Uber has partnered with public procurement portal government e-marketplace (GeM) to provide services to government personnel, departments, agencies and public sector units.

1 min

Changing of ₹2K notes off to a slow yet smooth start

The withdrawal of ₹2,000 denomination bank notes, which started last week, went on smoothly as most bank branches and the Reserve Bank of India (RBI) regional offices saw lukewarm response in the first week.

2 mins

40 rebels killed so far in Manipur by forces: Biren

Singh said there are cases of armed militants firing at civilians with AK-47s, M-16 and sniper rifles, and these were targeted by security forces in counter-attacks

1 min

Women working overtime at 11-yr high in '19

The share of women workers in registered factories submitting annual returns working more than the maximum statutorily-mandated limit of 48 hours in a week increased to a 11-year high of 33.6 per cent in 2019, shows the latest annual data released by the labour bureau. In comparison, only 27.9 per cent male workers worked more than the statutorily-mandated hours.

2 mins

ONGC to deliver KG gas from June 15, seeks $12 price

ONGC has finally put a date for the much-awaited start of production from its KG basin gas field as it sought $12 price for the fuel it plans to deliver from June 15.

1 min

Karnataka Bank Q4 profit rises 171% to ₹353 crore

Mangalore-based private sector lender, Karnataka Bank has reported a net profit of ₹353.53 crore for the fourth quarter of the financial year 2022-23 (Q4FY23), up by 171.53 per cent from ₹130.20 crore for the corresponding period in FY 2021-22.

1 min

Russia unleashes its 'largest' drone attack on Ukrainian capital

Ukraine's capital was subjected to the largest drone attack since the start of Russia's war, local officials said, as Kyiv prepared to mark the anniversary of its founding on Sunday. At least one person was killed.

1 min

Runoff over, Erdogan takes early lead in Turkish polls

Turkey's Recep Tayyip Erdogan was leading his presidential challenger Kemal Kilicdaroglu with 56.4 per cent support in the election runoff on Sunday, based to initial results with 35.8 per cent of the ballot boxes opened, according to broadcaster NTV.

1 min

Biden, McCarthy strike debt-ceiling deal

$31.4-TRN DEBT LIMIT SUSPENDED TILL JAN 2025. BUT, CONGRESS MUST PASS PLAN BEFORE JUNE 5

2 mins

Tesla's U-turn on India

With plans to import and sell cars off the table, Elon Musk's flagship is exploring the challenging prospect of an assembly plant for a cheaper electric vehicle

4 mins

Timing the mkt on investor watch

Inverse correlation between net equity MF inflows, performance

2 mins

Shortlist high performers, then go for a low-cost fund

Monitoring cost is especially crucial in categories where the gross return is unlikely to be high

4 mins

Video calls will soon be 3D meetings

What was once the most normal activity is now a special effort. Meeting people in person was considered important and necessary until video calls began.

2 mins

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