Finlight

2022-08-10 05:31:19 TOP NEWS OF THE DAY:


1. Indian fintech to have $1 tn in AUM, $200 bn revenue by 2030: Report



2. Microsoft onboards ONDC to launch shopping app for Indian consumers



3. Indian visitors to Dubai more than double to 858,000 in Jan-Jun 2022



4. Gold ETFs log Rs 457 crore outflow in July as investors rebalance portfolio



5. India's July fuel demand rises 6.1% year-on-year, reveals ministry data



6. India generates 3.6 lakh million tonnes plastic waste, 50% of it is recycled



7. Profit of public sector banks rises 9% to Rs 15,306 cr in June qtr



8. Govt mulls adoption of common charger for all devices; calls meet on Aug 17



9. EPFO made over Rs 60,000 crore from ETF allocations, shows data



10. India's air passenger traffic likely to increase to 827 mn by 2032-33 Open / Comment

2022-08-09 05:50:24 TOP NEWS OF THE DAY:



1. EPFO's investments value rises to ₹2.26 lakh cr in ETF during FY22



2. India seeks to block Chinese firms from sub-Rs 12,000 phone market: Report



3. Equity MFs' inflow drops 43% to Rs 8,898 cr in July amid choppy markets



4. 69% jobs in India under threat by automation in 20 years: Reports



5. Jio completes 5G coverage planning in top 1,000 Indian cities: Report



6. Indian economy to grow 7.1% in FY23: CareEdge Ratings



7. Govt aims to monetize infra assets worth over ₹1.62 lakh cr in FY23



8. Economists expect India’s Q1 GDP growth at 12.5-15%



9. India's smartphone market sees 1% decline in the first half of 2022



10. Growth in job postings remained flat at 1 percent in July amidst fears of global recession and inflation, several sectors saw improvement due to digitization and changing consumer sentiments, according to a report. Open / Comment

2022-08-08 06:19:20 TOP NEWS OF THE DAY:



1. Apple to manufacture iPhone 14 in India simultaneously with China: Report



2. Govt okayed the purchase of military equipment worth Rs 1.83 trn since 2020-21



3. Mobile gaming market falls nearly 10% in the first half of 2022: Report



4. FPIs buy shares worth Rs 14,000 cr in a week amid softening dollar index shows data



5. 28 cos secure Sebi's clearance to float IPOs worth Rs 45k cr in April-July



6. NRIs can now pay utility bills through Bharat Bill Payment System says NPCI



7. Eight of the top-10 firms add Rs 98,235 cr in m-cap; Infosys, TCS lead gainers



8. India's forex reserves rise $2.135 bn in the latest week shows data



9. India's smart home security camera market grew by 116% last year: Report



10. India sees a sharp rise in cyber attacks as the internet base continues to widen says reports. Open / Comment

2022-08-05 06:13:18 TOP NEWS OF THE DAY:


1. Xiaomi leads the market with 20% share, Samsung in 5G phones in Apr-Jun: Report



2. India should gradually withdraw fiscal, and monetary stimulus, says IMF



3. Rs 94,800-cr gains from windfall tax an overestimation: Govt sources



4. India’s currency in circulation has increased by only around Rs 500 billion in the first four months of this financial year, which is nearly half the pace of the same period a year ago.: RBI data



5. Users spend 4-5 hours daily on apps globally, including India: Report



6. 42% Indians experienced financial fraud in last three years: Report



7. Global gold exchange-traded funds (ETFs) registered net outflows of $4.5 billion in July. This was the third consecutive month of outflows and the worst since March 2021, according to a report by the World Gold Council.



8. As per the data from the Federation of Automobile Dealers Associations (FADA) the overall automobile retail sales last month stood at 14,36,927 units, as compared with 15,59,106 units in July 2021.



9. Russia becomes India's third-largest coal supplier in July, data shows



10. India’s services sector activity slowed down to 55.5 in July from an 11-year high of 59.2 in June, because of weaker sales and inflationary pressures, a private survey showed Open / Comment

2022-08-04 05:39:59 TOP NEWS OF THE DAY:


1. Rs 2.54 trillion spent on central govt pensioners during FY2021-22



2. India's trade deficit is likely to remain above $20 billion for an extended period, posing the risk of a wider current account deficit, Barclays said.



3. India's tally of crorepatis at 131,000 as 6,000 new ones added in FY22: Reports



4. The holding value of shares held by retail investors fell Rs 1.67 trillion during the three-month period ended June to Rs 17.58 trillion, according to a report by PRIME Database.



5. Uber sells entire stake in Zomato; pockets Rs 3,088 cr, makes 2.4x returns



6. Amazon India has engaged with Indian Railways to boost its delivery services in the country amid festival season: Reports



7. India expects bilateral trade worth $8-9 billion with Russia and Sri Lanka in the next two months after it allowed international trade in rupees, India's trade secretary said.



8. India poised to become trillion dollar digital economy by FY26: Govt



9. India records over 3,000 crore digital transactions between April-July 2022



10. Digital transactions of ₹566 lakh crore have been done in FY 2022-23: Reports Open / Comment

2022-06-24 03:31:15 TOP NEWS OF THE DAY:


1. Indian economy to grow by 7%-7.8% in FY23 despite global headwinds: Experts


2. Gautam Adani, Asia’s richest person, and his family have pledged to donate Rs 60,000 crore to a slew of social causes, to mark his 60th birthday. The Adani Foundation will administer this corpus.


3. Indian media, entertainment industry may touch Rs 4.3 trn by 2026: Report


4. AI adoption to add $500 billion to India's GDP by 2025: Nasscom report


5. India’s monetary policymakers will likely raise interest rates two more times before they even consider taking a breather toward the end of the year: Reports


6. Bangladesh tries to secure wheat from Russia as India stops exports: Report


7. Australia donates $15 mn to UN's emergency food fund for Sri Lanka: Reports


8. Cumulative profits of top 500 companies as a percentage of the country’s gross domestic product (GDP) hit an 11-year high of 4.3 percent in 2021-22 (FY22): Reports


9. Current account deficit (CAD) decreased sequentially to $13.4 billion (1.5 percent of GDP) in the fourth quarter ended March 2022. CAD was down from $22.2 billion (2.6 percent of GDP) in the third quarter ended December 2021: Reports


10. Chinese banks to provide $2.3 bn to Pak 'within days' under the loan agreement: Reports Open / Comment

2022-06-23 03:51:57 TOP NEWS OF THE DAY:


1. CBI books Kapil, Dheeraj Wadhawan of DHFL in Rs 34,615-cr bank fraud case which is the biggest banking fraud India has ever seen.


2. Average salary of Indian CEOs hits 3-year high of Rs 11.2 cr in FY22


3. GST Council may defer a decision on taxing crypto assets on June 28-29 meeting


4. India needs $223 bn to meet 2030 renewable capacity goals: Report


5. PM Modi to visit Germany, UAE from June 26-28 to attend G7 Summit: MEA


6. Sri Lanka's economy 'has collapsed,' unable to buy oil: PM Wickremesinghe


7. China frustrated over Pakistan's inability to finish CPEC project: Report


8. Cash-strapped Pak secures deal with IMF to restore stalled $6 bn aid


9. According to RBI, India's current account deficit has narrowed to USD 13.4 bn or 1.5 pc of GDP in the March quarter against USD 22.2 bn or 2.6 pc of GDP in the December quarter. India witnessed a current account deficit of 1.2 percent of GDP in FY22 against a surplus of 0.9 pc in FY21 on a widening trade deficit, according to the Reserve Bank of India


10. On the back of rising crude oil purchases, India’s bill for imports from sanctions-hit Russia jumped 3.5 times in a year in April to $2.3 billion, showed data from the commerce ministry. Open / Comment

2022-06-22 03:42:47 TOP NEWS OF THE DAY:


1. The Reserve Bank on Tuesday gave three more months to banks and NBFCs issuing credit and debit cards to comply with certain norms including activation of cards without consent of customers.


2. India now the fourth largest gold recycling country: World Gold Council


3. Skincare start-up Mamaearth eyes $3 bn valuation in 2023 IPO: Report


4. Sports business set to touch $100 billion in 5 years: Report


5. The assets under management (AUM) of National Pension System (NPS) and Atal Pension Yojana surged to 21.54% year-on-year as of 30 May to touch ₹7.38 trillion.


6. Govt dept to collaborate with SBI to create integrated pension portal


7. Crypto, blockchain, NFT jobs in India jump 804% post Covid: Report


8. Fake crypto exchanges duped Indian investors of Rs 1,000 cr: Report


9. Capital markets regulator Sebi has permitted mutual funds to again invest in foreign stocks within the aggregate mandated limit of USD 7 billion for the industry.


10. Investors wealth rises over ₹5.77 lakh cr in a day as markets rally Open / Comment

2022-06-21 05:55:53 SEBI's total income grew 1.55 % to Rs 826 crore in 2020-21, mainly due to increase in earnings from investments and fees. Open / Comment

2022-06-21 05:52:51 TOP NEWS OF THE DAY:


1. India faces slowing growth but a low risk of stagflation: Finance Ministry


2. Adverse global events may lead to $100-bn portfolio outflows: RBI article


3. Tata Steel buys coal from Russia weeks after vowing to cut ties: Report


4. EPFO adds 11.5% higher net subscribers to 17.08 lakh in April from March 2022


5. India-focused funds on road to raising around $9.8 bn in CY22: Data


6. NPS subscribers up 24 percent YoY to 53.17 million in May: PFRDA


7. Markets regulator Sebi has set up an advisory committee on hybrid securities, which will make recommendations for giving a fillip to the growth of such instruments, including measures focusing on ease of issuance and attracting domestic and global capital.


8. E-com platforms to offer $8 bn markets for digital ads in India: Report


9. As China deals with Covid, nearly 1 in 4 European firms consider moving out


10. 24 Indian Startups laid off more than 10,500 employees this year: Reports Open / Comment