Finlight

2022-06-14 03:23:23 TOP NEWS OF THE DAY:


1. Investor wealth tumbles over Rs 9.75 trn in two days of a market crash


2. Nearly 50% of Indian software developers plan to quit job this year: Report


3. Russia becomes India's second-biggest oil exporter in May: Report


4. May CPI inflation cools down to 7.04% from an eight-year high in April


5. Retail inflation eased to 7.04% in May, mainly because of softening food and fuel prices as the government and the RBI stepped in to control spiraling price rises by way of duty cuts and repo rate hikes. but remains above RBI's target band.


6. Debt mutual funds record outflow of over ₹32,722 cr in May as interest rates rise


7. The value of the cryptocurrency market on Monday fell below $1 trillion for the first time since January 2021, according to data site CoinMarketCap, reaching as low as $926 billions.


8. The Central government's spending on information and technology will grow 12.1 percent to USD 9.5 billion in 2022, an analyst firm Gartner estimated on Monday.


9. Amid rising complaints from customers, the Centre gives 15 days' time to Swiggy, and Zomato to submit plans for improving complaint redressal.


10. Elest, a subsidiary of gold retailer Rajesh Exports, will be setting up the country's first display fab facility in Telangana with investments worth Rs 24,000 crore. Open / Comment

2022-06-13 05:41:58 TOP NEWS OF THE DAY:


1. The market capitalization (m-cap) of the top-10 most valued companies eroded by over Rs 2.29 lakh crore last week, with Life Insurance Corporation taking the biggest hit.


2. At 1.97 mn, new SIP openings in May lowest in 12 months, shows Amfi data


3. FPIs pull out Rs 14,000-cr from Indian equities in June amid concerns


4. China's Tencent buys stake worth ₹2,060 crores in Flipkart from Binny Bansal


5. Maruti Suzuki dispatches record 2.33 lakh vehicles via Railways in FY2021-22


6. Govt to set up 15,000 PM Shri Schools as part of National Education Policy


7. Global PC shipments to fall 8.2% in 2022 due to economic slowdown Open / Comment

2022-06-12 07:11:26 TOP NEWS OF THE DAY:


1. Data given by RBI showed that India's total forex reserves stood at $601.057 billion in the week ending June 3, 2022, down by $306 million compared to $601.363 billion in the previous week.


2. E-commerce startup Meesho records 5.35 mn orders in the one-day sale event


3. Number of income tax returns has increased in FY22, Singh said the number of income tax returns last fiscal was 7.14 crore against 6.9 crores in the preceding financial year, showing a clear growth: CBDT chairman Sangeeta Singh


4. India extends Sri Lanka's $55 mn credit line for fertilizer imports


5. FPIs pull out over ₹1.81 lakh cr from equities in 2022 so far. In the first two months of FY23 (April and May), FPIs have removed a whopping ₹57,137 crores from the equities market.


6. The Indian economy has rebounded strongly despite three significant COVID-19 waves, the US Treasury has said in a report to Congress.


7. China maintains 25 frontline fighter jets near Eastern Ladakh: Report


8. Fitch lauds Indian economic recovery, ups outlook from negative to stable


9. Celebrities must disclose an interest in products they endorse: Govt


10. India's fuel demand jumps 24% year-on-year in May as recovery continues Open / Comment

2022-06-11 04:23:49 TOP NEWS OF THE DAY:


1. InsurTech models to help Indian insurance mkt hit $222 bn by FY26: Redseer


2. IPL broadcasting rights: Amazon plans to pull out of Rs 60,000 cr race


3. At Rs 79.8 crore, Wipro CEO Delaporte highest paid in the Indian IT sector


4. IIP data: Industrial activity jumps 7.1% in April vs 1.9% in March


5. IRDAI allows insurers to launch new products without prior regulator's approval


6. Fake reviews on e-commerce websites: Govt to bring framework in 2 months


7. Export curbs, and higher energy prices may spike the trade deficit further in FY23


8. Bitcoin’s global adoption will grow significantly in the future and will hit 10% by 2030, according to a report by Blockware Solutions, a blockchain infrastructure, and bitcoin mining company.


9. Private sector lender HDFC Bank on Friday said its total advances in Maharashtra had crossed ₹3 trillion. HDFC Bank has deposits of ₹4.36 trillion in the state, which along with the advances add up to a total business of ₹7.64 trillion


10. In May, 4.5 million IPO mandates were created through UPI and a record 2.4 million mandates got executed, data shows Open / Comment

2022-06-10 03:31:18 TOP NEWS OF THE DAY:


1. Equity MFs continue to see positive momentum; Rs 18k-cr inflow recorded in May


2. India is among the top 10 investment hubs for FDIs in 2021 despite falling inflows. India's FDI rank rises to 7th position despite falling inflows: UNCTAD


3. The country's current account deficit is likely to hit a three-year high of 1.8 percent or USD 43.81 billion in FY22, against a surplus of 0.9 percent or USD 23.91 billion in FY21, a report said


4. India renewable energy investments in FY22 at a record $14.5 bn: Report


5. India considers curbing fridge imports to boost local industry: Report


6. Global financial wealth clocks record high of $530 trillion in 2021: BCG report


7. India's economy to grow at 6.9% in FY23: OECD global macroeconomic report


8. Indian economy likely to be $20 trillion by 2040: Chief Economic Advisor


9. Global minimum tax could impact international investments: UNCTAD


10. India Inc's earnings may take a hit in coming quarters as rates rise : Reports. Open / Comment

2022-06-09 06:34:57 Open / Comment

2022-06-09 06:34:57 From Reuters | Indonesia issues new regulations aimed at accelerating palm oil exports Open / Comment

2022-06-09 04:17:36 TOP NEWS OF THE DAY:

1. India could soon allow wheat exports of 1.2 million tonnes: Report

2. RBI raises repo rate to 4.9%; expects inflation to hurt for 3 quarters

3. India has saved over ₹41,000 crore forex by use of 10% ethanol-blended petrol: Govt

4. Over 86% of employees in India may resign in next 6 months: Report

5. Reserve Bank of India (RBI) Governor Shaktikanta Das on June 8 clarified that the central bank will await the government's consultation paper on cryptocurrencies.

6. The Reserve Bank of India (RBI) on Wednesday raised the limit for auto-debit mandates on recurring payments done through cards and UPI (Unified Payment Interface) to ₹15,000 from ₹5,000.

7. India's inflation is likely to hover around 6.7% for the current financial year, governor Shaktikanta Das said Wednesday

8. RBI raises co-operative banks' housing loan limits by 100%

9. The Reserve Bank of India (RBI) on Wednesday proposed to link credit cards to UPI platforms, beginning with Rupay cards

10. Indian fintech market expected to reach USD 150 bn in valuation by 2025: MOS Finance Open / Comment

2022-06-08 03:53:09 TOP NEWS OF THE DAY:

1. India's economic growth forecast cut to 7.5% for FY23, says World Bank

2. Investors poorer by Rs 2 trn as markets plummet ahead of RBI policy outcome

3. Non-bank lenders witness strong collections at the beginning of FY23, says Icra

4. Govt to monetize assets worth Rs 75,200 cr in the coal mining sector in FY23

5. Investors lose Rs 1.2 trn as LIC shares tumble 20% below the issue price

6. India's bilateral trade with Gulf Council grows at a rapid pace, data shows

7. IT stocks lose most amid $5.15-billion FPI selling in May, shows data

8. Centre working on a mechanism to resolve GST disputes with states: Report

9. 80% of IT companies, GCCs likely to adopt hybrid work model: Report

10. World Bank slashes global growth forecast to 2.9%, warns of 'stagflation' Open / Comment

2022-06-07 19:37:07

Open / Comment