Finlight

2022-06-20 09:58:41 Open / Comment

2022-06-20 04:20:36 TOP NEWS OF THE DAY:


1. Top 10 firms lose Rs 3.91 trillion in m-cap; TCS, and RIL are the biggest laggards


2. According to the data, foreign investors withdrew a net amount of ₹31,430 crores from equities in the month of June


3. RBI aims to make India a powerhouse of payments globally by 2025: Experts


4. India's foreign exchange reserves declined of $4.6 billion to $596 billion


5. Outward remittances by resident Indians crossed the $2 billion mark to $2.02 billion in April 2022, almost doubling from $1.18 billion in the same month last year, according to the Reserve Bank of India data.


6. Normal monsoon, rate cut key to bringing down inflation by yr-end: Economists


7. Pakistan's weekly inflation rate increased by 3.38% after the fuel price hike


8. ESIC to implement ESI health insurance scheme across nation by 2022-end: Govt


9. Warren Buffett’s last charity lunch auction draws record $19 million bid


10. MFs incrementally adding more cash; total equity schemes cash at Rs 60k cr Open / Comment

2022-06-19 08:57:32 Open / Comment

2022-06-19 04:48:37 TOP NEWS OF THE DAY:


1. India's Russian coal buying spikes as traders offer discounts of up to 30%: Report


2. Bank credit growth hits three-year high of 13.1%, shows RBI data


3. LIC drops 31%, m-cap falls ₹1.86 lakh cr a month since debut against IPO price


4. Govt to bring legal changes to make social media firms accountable: IT Min


5. Sri Lanka announces shut-down of govt offices, and schools amid fuel crisis


6. Adani Wilmar slashes edible oil prices by Rs 10 on govt's import duty move


7. Bangladesh foreign minister arrives in India for three-day official visit


8. India, EU resume talks for free trade agreement after more than 8 years


9. FPI outflow nears ₹2 lakh cr from equities in less than six months of 2022


10. Russian economy to overcome 'reckless' sanctions, says President Vladimir Putin


11. In the week ending June 10, India's forex reserves stood at $596.458 billion - declining by $4.599 billion compared to reserves of $601.057 billion in the previous week. Open / Comment

2022-06-18 06:36:47 Open / Comment

2022-06-18 05:16:31 TOP NEWS OF THE DAY:


1. Net direct tax mop-up rises 45% to over Rs 3.39 trillion till mid-Jun it includes Corporation Tax (CIT) at over Rs 1.70 lakh crore and Personal Income Tax (PIT), including Security Transaction Tax (STT), at over Rs 1.67 lakh crore.


2. Reliance considers buying out cosmetic firm Revlon in the US: Report


3. RBI not behind curve, focus on inflation target would be risky: Das


4. At Rs 42,679 crore, advance tax collection was up 48% in the April-June quarter


5. EV prices to tally with petrol vehicles' cost within a year: Nitin Gadkari


6. Reserve Bank of India turns net buyer of dollars in April, according to the latest data, the RBI purchased $1.96 billion in April.


7. Reliance Retail, Jio IPO unlikely to be announced in RIL AGM: JPMorgan


8. Indian funds in Swiss banks grow 50 percent to Rs 30,000 crore: Reports


9. India likely to impose a ceiling on next season's sugar exports aiming to ensure ample domestic supplies and keep a lid on local prices: Report


10. Sri Lanka in talks to amend terms of $1.5-billion China deal: Report


11. Pakistan's government steeply hikes fuel prices to secure IMF funding


12. Banks' gross NPA dropped below 6% in March 2022, the lowest in six years shows data. Open / Comment

2022-06-17 09:08:44 Open / Comment

2022-06-17 03:31:50 TOP NEWS OF THE DAY:


1. Rs 15.74 trn of investors' wealth eroded as markets log 5th day of fall


2. RBI allows Mastercard to issue new cards after an 11-month ban


3. 'India may need $10 trn investment to achieve net-zero emission by 2070'


4. India proposes settling Russia trade in rupees as purchases rise: Report


5. Contactless payments’ contribution to total face-to-face (F2F) transactions grew more than six times to 16% in December 2021 from less than 2.5% in December 2018, according to a whitepaper released by Visa and Worldline India


6. Indian private equity investments reach $70 bn in 2,000 deals in 2021


7. Retail businesses grow 24% in May against pre-pandemic level: Report


8. India and EU look to make a fresh start for a trade deal in Brussels


9. Pakistan foreign minister Bilawal makes pitch for re-engagement with India


10. 47th meeting of GST Council to be held on June 28-29 in Srinagar: FinMin Open / Comment

2022-06-16 04:22:49 TOP NEWS OF THE DAY:


1. Exports rise 20.55% to $38.94 bn in May; trade deficit at a record $24.29 bn


2. Expect telcos to buy spectrum worth Rs 1 trn-Rs 1.1 trn in 5G auction: Icra


3. World's richest have lost $1.4 trillion in 2022 after rapid gains


4. Adani Group valuation growth at 88%, Ambani-led RIL up 13.4%: Report


5. Production of petrol, and diesel sufficient to take care of demand surge: Govt


6. 90% of business leaders feel GST made doing business easy: Deloitte survey


7. Indian Microfinance industry's loan book grows 10% to Rs 2.85 trn in FY22


8. PE/VC investments in May rise 42% to $5.3 bn year- on - year basis; dip 29% month-on-month


9. MF unit holders must furnish a declaration form for opting out of nomination: Sebi


10. Govt panel on GST rate revision to meet this month, likely to discuss tax slabs


11. Bill Gates says crypto, NFTs are ‘greater fool theory type of investments Open / Comment

2022-06-15 03:23:33 TOP NEWS OF THE DAY:


1. Tesla India policy exec quits after company puts entry plan on hold: Report


2. Viacom18, Disney Star win big as IPL media rights sold for ₹48,390 crore says, Jay Shah


3. Tesla India policy exec quits after company puts entry plan on hold: Report


4. Fed likely to consider 0.75-percentage-point rate rise this week


5. Fitch expects RBI to raise interest rates to 5.9% by December-end


6. India would become $5-trillion economy by 2026-27: CEA Anantha Nageswaran


7. Wholesale price-based inflation surged to a record high of 15.88 percent in May as crude prices rose and heatwave brought about a spike in prices of vegetables and fruits, strengthening the possibility of a further interest rate hike by the Reserve Bank.


8. IT, technology lead July-Sept 2022 hiring outlook: ManpowerGroup Survey


9. Walmart-owned digital payments firm PhonePe said it has sold over 1 million two-wheeler insurance policies on its insurance broking platform since the launch of the product.


10. Prime Minister Narendra Modi has instructed all departments and ministries to recruit 10 lakh people in the next 1.5 years.


11. Russia got $98 billion from fuel exports in 100 days of war: Report


12. India logs second-highest jump in the number of HNWIs(high net-worth individuals) in 2021: Report Open / Comment