Finlight

2022-08-22 06:46:24 TOP NEWS OF THE DAY:


1. FPIs pump in Rs 44,500 cr into Indian equities in three weeks of Aug



2. PharmEasy parent withdraws IPO plans, weighs rights issue to raise funds



3. Debt MFs outflow continues; investors withdraw Rs 70,000-cr in Jun qtr



4. M-cap of five of top 10 firms declines Rs 30,737.51 cr, RIL biggest loser



5. All 23 AIIMS to be named after local heroes, monuments: Report



6. The Ministry of Electronics and Information Technology in talks with Play Store on digital lending app malpractices



7. The country's foreign exchange reserves fell $2.238 billion to $570.74 billion in the week ended August 12, according to the Reserve Bank of India (RBI) data



8. I-T dept allows taxpayers more time to claim credit for taxes paid abroad



9. MPC minutes suggest further repo rate hikes to tackle rising inflation



10. No plans to levy any charges for UPI payments, says FinMin Open / Comment

2022-08-20 04:18:16 TOP NEWS OF THE DAY:



1. Govt's approach to PSB privatisation would result in better outcomes: RBI



2. Retail inflation for farm, rural workers rises to 6.6%, 6.82% in July



3. Manufacturing sector to be impacted in FY23 as exports take a hit: Report



4. RBI turns net seller of US currency in June; sells $3.719 bn: Data



5. Commercial vehicle industry may witness 12-15% growth in FY23: Report



6. 70 mn rural families given piped water connection in 3 years: PM Modi



7. Gulf states to gain $1.3 trillion in additional oil revenue by 2026: IMF Open / Comment

2022-08-19 03:46:21 TOP NEWS OF THE DAY:


1. India adds record 7.2 GW solar capacity in Jan-Jun 2022: Mercom India



2. Amazon likely testing TikTok-like feed on its app, says report



3. Attrition to remain high as millennials demand better pay, promotion: PwC



4. Jio gained 4.2 million new users in June, Airtel added 0.79 million: Trai



5. Centre planning to further cut windfall tax on crude, diesel: Report



6. India's demand for gold rises 43% in June qtr as economy recovers: WGC



7. Over 50% India firms raise ICT(Information and communication technology) budget, cybersecurity key concern: Report



8. Indian apps, games record 200% rise in active monthly users: Google Play



9. 81% Indians believe their jobs can be done remotely, says survey



10. India's 37% millennials are likely to switch jobs in next 12 months: PwC survey



11. About 1% of India's adult population could be millionaires by 2030: Study



12. India's worst period of macro instability possibly over, says Morgan Stanley Open / Comment

2022-08-18 05:50:44 TOP NEWS OF THE DAY:


1. India's oil demand to rise by 7.7% in 2022, fastest growing in world: OPEC



2. Most economists see GDP growing at slower pace in Q1 than MPC projection



3. Indian Railways plans to revamp passenger reservation system: Report



4. Taiwan makes 75% of all chips used for Indian mobile market: ICEA



5. 1.5% interest subvention on short-term agri loans of up to Rs 3 lakh: Govt



6. India home to 18 of 20 cities with most severe rise in pollution levels; Delhi's PM2.5 levels highest, new study says



7. India-focused offshore funds and exchange-traded funds (ETFs), put together, recorded net outflows of $1.59 billion in the three months through June. Open / Comment

2022-08-17 06:09:38 TOP NEWS OF THE DAY:



1. Firms in India expected to give 10% hike in 2023; highest in APAC: Report



2. India's July WPI inflation eases to 13.93% as food, and fuel prices decline



3. After declining for two consecutive months, equity assets under management (AUM) of domestic mutual funds rose 10.3 percent month-on-month to Rs 15.2 lakh crore in July shows data



4. Losses from crypto hacks surged 60% to $1.9 billion in Jan-July: Chainalysis



5. Ratan Tata invests in sr citizen companionship-as-a-service startup Goodfellows



6. SIP is the most preferred investment avenue among millennials: Survey



7. Teenagers' share in India's gig sector grows 8 times in last 4 yrs: Report



8. India's fuel demand continues to fall in August as monsoon sets in



9. SBI launches its first dedicated branch to support start-ups in Bengaluru Open / Comment

2022-08-16 06:52:15 TOP NEWS OF THE DAY:


1. Ola Electric to enter electric car segment; to launch first model by 2024



2. India Inc's profits fall off record high in April-June quarter



3. Telecom tower firms to invest Rs 2 trillion in 5G infra: Reports



4. Direct tax collection grew by 40 per cent in the first four months of FY23 to Rs 5 trillion, which is nearly 35 per cent of the target of Rs 14.2 trillion for the whole fiscal year, a report by Livemint stated.



5. India may become a $5 trillion economy by FY29 if GDP grows at 9% for 5 years says former RBI governor D Subbarao.



6. Apple may start showing more ads on iPhones: Report



7. India beats China in 'Forbes Asia Best Under A Billion' mid-sized businesses



8. Over 5 crore selfies uploaded on Har Ghar Tiranga website



9. The gross inflow into gold exchange traded funds (ETFs) fell to a new low of ₹96 lakh in July shows data



10. Recovery in youth employment continues to lag worldwide: ILO report


11. Har Ghar Tiranga generates Rs 500 crore business, over 30 crore flags sold, says CAIT Open / Comment

2022-08-15 06:15:32 TOP NEWS OF THE DAY:


1. FPIs invest Rs 22k cr in Indian markets in Aug as inflation concerns soften



2. PM may announce 'Heal in India', 'Heal by India' projects for health sector on I-Day: Report



3. Six of top 10 companies add Rs 1.56 trn to m-cap; RIL biggest gainer



4. The industrial Internet of Things (IIoT) spending in the discrete manufacturing sector in Asia-Pacific is likely to reach $89 billion by 2025, according to a new report



5. World's highest railway bridge 'Golden joint' launched on Chenab in J&K



6. US lawmakers reach Taiwan amid tensions with China, says report



7. Imran all praise for India's foreign policy, plays EAM's clip at a rally



8. Liz Truss in commanding lead over Rishi Sunak in UK PM race: Survey Open / Comment

2022-08-13 06:46:58 TOP NEWS OF THE DAY:



1. Passenger vehicle dispatches rise 11% in July as chip situation improves



2. Corporate tax collection stood at Rs 7.23 lakh crore registered a growth of over 58 per cent as compared to the tax collection of FY 2020-21: I-T dept



3. India’s trade deficit widened to a record $30 billion in July as exports grew at a much slower pace compared to imports, data released by the commerce



4. July retail inflation eases to 6.71% on food prices, stays above RBI target



5. India's exports rose by 2.14 per cent to $36.27 billion in July where as Imports shot up by 43.61 per cent to $66.27 billion shows data



6. India's foreign exchange reserves falls $897 million to $572.978 billion



7. India holds world's highest rate of recognising start-ups per day



8. India is under no pressure on it to limit energy purchases from Russia: MEA



9. Edible oil July imports rise 31% to 1.2 MT amid fall in global prices



10. RBI asks banks, regulated entities to prevent harassment by recovery agents Open / Comment

2022-08-12 06:48:46 TOP NEWS OF THE DAY:



1. No chance of recession, India to be fastest growing economy this yr: Report



2. Foreign investors pour over Rs 12k cr in Indian equities in last 10 days



3. Bank credit rose 14.52% to Rs 123.69 trn and deposits increased 9.14% to Rs 169.72 trn in the fortnight ended July 29: RBI data



4. UN says, 7.3% of Indian population owns digital currency according to 2021 data making India 7th highest in the world



5. The survey’s median estimate showed inflation is expected to slow to 6.78% in July from 7.01% in June



6. Bofa Sec expects more corrections in markets, revises 2022-end Nifty target to 15,600 points Open / Comment

2022-08-11 06:16:02 TOP NEWS OF THE DAY:



1. India to be the fastest-growing Asian economy in FY23: Morgan Stanley



2. Govt to remove domestic fare caps imposed on airlines Aug 31 onwards



3. FPIs cut stake in two-thirds of BSE 200 companies in June quarter



4. Investments by private equity and venture capital funds into Indian entities fell by 69 per cent to USD 3 billion during July: Reports



5. Banks wrote off Rs 10 trillion in last five financial years: Centre



6. 80% Indian investors unsure of their retirement planning: Survey



7. Iran makes first import order worth $10 million using cryptocurrency: Report



8. India to start supplying petrol with 20% ethanol from April 2023: Puri



9. Rs 50,000 cr forex saved by blending ethanol with petrol in 7-8 years: PM



10. 5G innovations to catapult Indian gaming industry to new level: Experts Open / Comment