Finlight

2022-05-31 07:56:39 TOP NEWS OF THE DAY:

1. Investors richer by over Rs 10.2 trillion in three-day market rally

2. Vodafone Idea in talks with Amazon, PEs for Rs 20,000 cr investment

3. States gained Rs 49k crore when fuel prices rose, have room to cut VAT: SBI

4. India, Pakistan engage in 'back channel' talks to break stalemate: Report

5. India's forex reserves rise $4.23 billion to nearly $597.51 billion: RBI

6.India is probing the local units of ZTE Corp. and Vivo Mobile Communications Co. for alleged financial improprieties, according to documents seen by Bloomberg, extending an investigation into other China-based firms after fining Xiaomi Corp.

7. RIL, Adani in three-horse race to strike a deal with Germany's Metro AG

8. India risks another power crisis in July-August: Report

9. US surpasses China as India's biggest trading partner in FY22 at $119.42 bn Open / Comment

2022-05-30 05:03:40 TOP NEWS OF THE DAY

1. Pakistan, IMF likely to reach agreement in June, says finance minister

2. Sri lanka to appoint 5 finance and 10 oversight committee to resolve the crisis

3. PM Narendra Modi to release benefits under PM CARES for Children Scheme today

4. For a first time, India Post delivers mail using drone in Gujarat

5. PM Modi may hold first in-person meet of NITI Aayog since 2019 soon

6. Centre likely to lift veil on taxing NFT as virtual digital assets.

7. Over 94% of 276.9 million informal sector workers registered on the e-Shram portal have a monthly income of Rs 10,000 or below and over 74% of the enrolled workforce belongs to SC, ST and OBC

8. Rs 500 fake currency notes surge 102% in FY22, says RBI annual report

9. India on Friday handed over 25 tonnes of medical supplies worth over USD 700,000 to Sri Lanka as part of its ongoing efforts to help the island nation combat its worst economic crisis.

10. India's investment atmosphere to set course for Japan's 5 trillion yen plan  Open / Comment

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2022-05-27 03:37:55 TOP NEWS OF THE DAY:


1. Moody's slashes India's 2022 GDP growth forecast by 30 bps to 8.8 percent


2. The governments and companies own close to 8 percent of all Bitcoin in the world, roughly 1 million Bitcoin (BTC) worth $45 billion, and Bulgaria is the major holder of it, a report said


3. Govt targets fake reviews on e-commerce sites, to create a roadmap


4. 31% of India’s digital video audience are paying subscribers: Ormax


5. India's FY22 GDP growth seen at 8.2-8.5%, Q4 to come at 2.7%: SBI report


6. Adani's food venture Adani Wilmar Ltd is the best-performing IPO in Asia


7. India exports wheat worth $650 million in March-April


8. Average CEO level salary rose to ₹11.8 cr during 1st wave of Covid-19: Report


9. The government on Thursday withdrew its offer to sell its entire 52.98 percent stake in BPCL, saying that bidders are not interested to participate in the current privatization process due to prevailing conditions in the global energy market.


10. The newly-created Flexi-cap category -- which requires mutual funds to invest at least 65 percent of the corpus in equity without any restrictions on investing in large, mid or small-cap stock -- registered a net inflow of Rs 35,877 crore in 2021-22 which is best among equity categories.


11. RBI to hike repo rate by 50 bps, lower FY23 growth to 7% in June: Barclays


12. INEOS Styrolution India Board declares Second Interim Dividend. The company has considered and declared 2nd Interim Dividend of Rs. 105/- (i.e. 1050%) per equity share of Rs. 10. Open / Comment

2022-05-26 03:39:08 TOP NEWS OF THE DAY:


1. Global MF investors could sell $350-bn worth of equities this year: Barclays


2. India has no immediate plan to lift the wheat export ban: Piyush Goyal


3. Retail inflation may settle at 5.7-6.9% in FY23 after fuel duty cuts says, Experts.


4. Govt approves sale of entire remaining stake which is 29.5% in Hindustan Zinc


5. Sri Lanka seeks additional $500-mn loan from India for fuel purchases amid forex crisis


6. Virat Kohli-backed Digit Insurance plans to raise ₹4,000 crores in IPO and seek a $5 billion valuation: Reports


7. Indian stocks are set for a first annual decline in seven years, where BSE Sensex has fallen nearly 7% so far this year and around 12% since this year's high of 61,475.15 on January 18.


8. India's GDP to grow at 8.2% in FY23, seen at 9% next fiscal: ICICI Securities chief economist


9. Quad countries make $50-bn infra push for Indo-Pacific to counter China


10. India's exports rise 21% to $23.7 billion from May 1 to 21, shows data


11. India-Canada second round free-trade agreement talks start next week Open / Comment

2022-05-25 04:01:35 TOP NEWS OF THE DAY:


1. India considers tax cut on soybean and sunflower oil to cool prices: Report


2. OYO plans IPO after September, may settle for lower valuation: Report


3. India's exports may rise to $1 trillion by 2030: Piyush Goyal at WEF


4. The Foreign direct investment (FDI) inflows in the Indian equity market declined marginally by 1% to $58.77 billion for the financial year FY22


5. Credit card spending online was nearly Rs 30,000 crore more than the spending done through swipes at points of sale in March: RBI data


6. Sebi issues Rs 3.12 cr demand notice to NSE's ex-boss Chitra Ramkrishna


7. Ransomware attacks rise 13% in past year, India Inc at great risk: Report


8. Indian data centres may get up to ₹1.2 lakh cr investment in 5 years: Icra


9. Great resignation set to continue, one in five likely to seek new jobs in next year


10. The RBI in a report said it has set up a committee to evaluate the efficacy, adequacy and quality of customer service in banks, NBFCs, and other entities regulated by it. Open / Comment

2022-05-24 04:28:57 TOP NEWS OF THE DAY:


1. India's economic growth may have slowed to 3.5% in Q4 of FY22: Icra Ratings


2. The Securities and Exchange Board of India (Sebi) announced changes to guidelines for passive funds, aiming to boost exchange-traded funds (ETFs).


3. Modi meets Japanese biz leaders, discusses investment avenues in India


4. 37% of consumers paid service charges at AC restaurant despite Centre's efforts


5. India and US on Monday signed Investment Incentive Agreement (IIA) in Japan which is expected to boost investment in India by US International Development Finance Corporation (DFC)


6. US President Joe Biden Monday unveiled an economic pact named Indo-Pacific Economic Framework (IPEF) which constitutes roughly 40% of global gross domestic product and consists of India, Australia, and Japan among 13 nations.


7. Excise duty cut on petrol, diesel likely to put pressure on fiscal deficit says Experts.


8. The Reserve Bank of India (RBI) is looking at more rate hikes in the next few meetings, said Governor Shaktikanta Das


9. IIT-JEE to go global and be open students from 25 nations from US to Vietnam simultaneously.


10. Credit card spend jumps record 48% to Rs 1 trillion in March, shows data Open / Comment

2022-05-23 15:35:43

Open / Comment

2022-05-23 08:59:55 Open / Comment

2022-05-23 04:52:07 TOP NEWS OF THE DAY:

1. Excise duty reduction on fuel to lower prices of goods by 10%: CAIT

2. India considering spending additional $26 billion to fight inflation: Report

3. Govt considering Rs 1 trn extra borrowing to offset fuel-tax cut: Report

4. BRICS bank to open India's regional office in GIFT City in Gujarat

5. Mutual Fund companies collect ₹1.08 lakh cr via new fund offerings in FY22

6. Apple Inc planning to ramp up production in India over China: Report

7. India supplies another 40,000 metric tonnes of diesel to cash-strapped Sri Lanka

8. India, Japan to provide relief supplies worth millions to Sri Lanka

9. Finance minister Nirmala Sitharaman said on Sunday that the Narendra Modi administration has spent ₹90.9 trillion on development since 2014.

10. PM Modi's visit to Japan includes meeting with 3 world leaders, 35 CEOs in 40 hours. Open / Comment