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Showing posts from December, 2022

Green drive: Over a dozen electric SUVs set to hit the roads in 2023

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Bitcoin at $200,000 projections flop as coin ends year down 60%

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Bitcoin, weighed down by an uber-hawkish Federal Reserve and a string of scandals and implosions of the crypto space’s once-vaunted projects, lost more than 60% in 2022, its second-worst annual performance on record, and only its third down year ever. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5wWLv76

'Indian markets may see FPI revival after worst-ever selloff in 2022'

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Foreign investors sold off Indian equity markets in 2022, leading to a 4% annual gain for the benchmark index. However, in the second half of the year, foreign investors bought back shares, indicating that they expect India's economy to grow in the future. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dtIprEf

China economic activity worsens in December as Covid spreads

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The official manufacturing purchasing managers index fell to 47 this month from November’s 48, the National Bureau of Statistics said Saturday. That was worse than an estimate of 47.8 in a Bloomberg survey of economists. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CRDLF6H

Core sectors' output surges by 5.4% in November

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Adani takes over NDTV, founders Roys quit

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NDTV founders Prannoy Roy and Radhika Roy have stepped down from the board of the news network after billionaire Gautam Adani gained controlling stake of 64. 7% in the media company. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NSFnfu5

2022 sees sale of 6L new vehicles in Delhi, 32% jump since last year

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Elin Electronics makes muted market debut; shares decline post listing

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The IPO had a fresh issue of up to Rs 175 crore and an offer-for-sale of up to Rs 300 crore, aggregating up to Rs 475 crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fGHrj73

Rupee edges up as analysts reckon CAD likely peaked, dollar slips

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Higher oil prices further weighed on the rupee as its trade deficit expanded, but cooling commodity prices has improved prospects for 2023. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/teHhY6Z

Equity investors turn richer by Rs 16.36 lakh crore in 2022

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Dalal Street investors became richer by more than Rs 16.36 lakh crore this year as the equity market scaled new highs despite persistent geopolitical uncertainties and inflation worries. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4AeBLZq

Oil set to close higher in 2022, a turbulent year marked by tight supplies

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Looking ahead on supplies, western sanctions will push Russia to divert more crude and refined products exports from Europe to Asia. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3khEeJo

Asia stocks rise as investors find foothold at end of brutal 2022

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Japan's Nikkei rose 0.22%, while Australia's S&P/ASX 200 index rose 0.34%. China stocks were 0.63% higher, while Hong Kong's Hang Seng Index rose 1.5%. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SkwnLPI

At 4.4% of GDP, current account deficit hits 9-year high

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The country's current account deficit (CAD) widened in the second quarter of FY23 to a nine-year high of 4.4% of the gross domestic product, or $36.4 billion in absolute terms. In value terms, the quarterly CAD is the highest in more than a decade and more than the $35 billion forecast by economists. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fg79abE

Soaring subsidy bills of states may constrain spending on development: RBI

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Oil prices ease, China Covid spike hurts demand outlook

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Oil prices ticked down on Thursday as surging Covid-19 cases in China dimmed hopes of a recovery in fuel demand in the world's second-biggest oil consumer. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jSATbd0

Mickey’s copyright adventure: Early Disney creation to be public property soon

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Profit growing at twice the rate of debt: Adani

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Airtel plans Rs 28k crore capex in 5G push

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India-Oz pact: Trade may triple to $70 billion in 5 years

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Sebi proposes rules for index providers

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Smaller cities driving e-payments: Paytm

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Bond yields rise tracking US peers; volume low ahead of year-end

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Tesla shares extend losses on demand worries in China

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Tesla has lost more than half its value since the start of October as investors worry that Twitter was taking much of Chief Executive Elon Musk's time while fretting about his stake sale in the electric-car maker. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9hCQrlv

BluSmart investor lines up 4 more bets in India

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Global consensus for use of e-currency: RBI

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Startup funding surges beyond hubs

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Gig platforms slow to adopt minimum wage policy: Study

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Bond yields little changed as traders eye state debt sale

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Government bond yields were largely unchanged in the early session on Tuesday, as market participants awaited state debt supply, with bets of another low-volume trading day. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5b2wvFD

Rupee falls 9 paise to 82.74 against US dollar

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At the interbank foreign exchange, the domestic unit opened weak at 82.71 against the dollar, then slipped further to 82.74, registering a fall of 9 paise over its previous close. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZJnGET3

Gold ticks up in light trade after holiday weekend

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Gold prices edged up in early Asian hours on Tuesday, helped by a softer dollar, although trading was thin after the long Christmas weekend. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/im7Mhdg

Manasi Tata is director on Kirloskar JVs

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Sebi to banks: Attach Sahara firm, Roy accounts

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From industry leader to defaulter: Rise & fall of Venugopal Dhoot

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Starting with a family, which had a dealership of Bajaj Auto's scooters, to becoming the owner of a household name in consumer appliances who could afford to have Bollywood superstar Shah Rukh Khan as the brand ambassador, Venugopal Dhoot's is a story of an aggressive small town businessman's pursuit to be on the top. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tUaeh2g

Rupee trades flat against US dollar amid rising crude oil prices

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The rupee on Monday started the session on a flat note against the US dollar amid rising crude oil prices and persistent foreign capital outflows. At the interbank foreign exchange, the rupee opened at 82.79 against the dollar and lost ground to later trade at 82.83, registering a fall of 1 paisa over the last close. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zqDPirV

Tatas rename AirAsia India as AIX Connect ahead of merger

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Maruti: Sales of automatics picking up

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With 96%, LIC leads in claim settlement ratio: Irdai

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Chanda Kochhar: From Kamath's angel to jail

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Among other things, the CBI has accused Chanda Kochhar, 61, of irregularities, flouting banking rules and laws in a series of loans sanctioned to industrialist Venugopal N. Dhoot's Videocon Group between 2009-2011, when she was lording over the bank. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bH9F3Cq

India's coal demand likely to peak between 2030-2035: Minister

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Mcap of 10 most valued firms erodes by Rs 1.68 lakh crore

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Last week, the Sensex tumbled 1,492.52 points or 2.43 per cent. Market sentiment remained weak amid surging Covid cases in China and a few other nations, while stronger US growth data cemented expectations of the Federal Reserve continuing with its hawkish stance. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KmTxMy1

59% of Indian carriers’ fleet are fuel-efficient, data shows

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Only about 20% of the world’s current, in-service airline fleet comprises latest generation aircraft, with most of the commercial airline aircraft in use today being previous generation fuel guzzlers. But India is far ahead in the aspect of decarbonisation as 59% of its airline fleet comprises latest generation, fuel-efficient aircraft, as per data provided by European aerospace corporation, Airbus. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3HnAQlt

Twitter restores suicide prevention feature after report

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Twitter Inc restored a feature that promoted suicide prevention hotlines and other safety resources to users looking up certain content, after coming under pressure from some users and consumer safety groups over its removal. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3Tw4U9y

Loan fraud case: Chanda Kochhar, husband remanded to CBI custody

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A special court in Mumbai on Saturday remanded former ICICI Bank CEO-MD Chanda Kochhar and husband Deepak to the custody of Central Bureau of Investigation (CBI) for three days in Videocon loan fraud case. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4MwXgPW

It will take 20yrs for India to become developed nation: Ex-RBI chief

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To be classified as a developed country, the per capita income will have to be at a minimum of $13,205 and that will take more than two decades of strong growth of between 8 to 9% to achieve it, former RBI governor C Rangarajan said. In terms of per capita income, India's rank according to IMF is 142 out of 197 countries. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MNoOaci

Twitter removes suicide prevention feature, says it's under revamp

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Twitter Inc removed a feature in the past few days that promoted suicide prevention hotlines and other safety resources to users looking up certain content, according to two people familiar with the matter who said it was ordered by new owner Elon Musk. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yxvfNcp

More rate hikes must be carefully calibrated: IMF

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Asian markets track Wall St down as recession worries return

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Those worries were increased by the Bank of Japan's shock decision this week to move away from its ultra-loose monetary policy, increasing bets on an even more restrictive investment environment in 2023. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lXMCkW3

Bankman-Fried, charged with 'epic' fraud, released on $250mn bond

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FTX, a cryptocurrency exchange, collapsed in November 2019, leading to the loss of billions of dollars in customer funds. Sam Bankman-Fried, the founder of FTX, is accused of stealing billions of dollars in customer funds to plug losses at his hedge fund, Alameda Research. Federal prosecutors in Manhattan have accused the FTX founder of stealing billions of dollars in customer funds to plug losses at his hedge fund, Alameda Research. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sN5cz1D

RBI: Green bonds will help pvt companies raise ESG funds

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Need to enact digital competition law: Panel

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Elon Musk says he will not sell more Tesla stock for another two years

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Tesla Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about another two years. While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a "serious recession" in 2023 and consumer demand will be lower. Musk has previously made promises about not selling Tesla stock before subsequently selling it. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/YEbTO5f