Clipped from: https://www.business-standard.com/article/markets/sensex-falls-1-000-pts-on-mounting-inflation-worries-nifty-ends-at-16-202-122061001200_1.html FPIs sell shares worth Rs 4,000 crore; US inflation hits new 4-decade high The market breadth was negative, with 2,101 stocks declining and
Category: ART
Rs 3.2 trn of investor wealth wiped off. Why did the Sensex fall on Friday? | Business Standard News
lipped from: https://www.business-standard.com/article/markets/rs-2-7-trillion-investor-wealth-wiped-off-what-made-sensex-nifty-tumble-122061000283_1.html The market’s confidence has been shaken as persistently elevated levels of commodity prices, and disrupted supply chains continue to be a double whammy
Rupee plunges to all-time low of 77.84/$ amid rising crude oil prices | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/rupee-in-free-fall-plunges-to-all-time-low-of-77-84-against-dollar-122061001057_1.html The currency closed at a record low of 77.84 against the dollar after hitting 77.88 in intraday trading. The rupee hit a fresh all-time low
*****Export curbs, higher energy prices may spike trade deficit further in FY23 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/export-curbs-higher-energy-prices-may-spike-trade-deficit-further-in-fy23-122061000765_1.html Revenues from the export of industrial metals would also take a hit from a decline in metal prices According to India Ratings &
*Credit card linkage to UPI: Uncertainty over pricing leaves players in dark | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/credit-card-linkage-to-upi-uncertainty-over-pricing-leaves-players-in-dark-122061000566_1.html There is no clarity on whether linking to UPI facility will be extended to credit cards of other card networks, such as Visa,
*Fitch lauds Indian economic recovery, ups outlook from negative to stable | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/fitch-lauds-indian-economic-recovery-in-fy22-ups-outlook-from-negative-to-stable-122061000316_1.html The agency said that high inflation and hence high nominal GDP growth will benefit the debt-GDP ratio Photo: Shutterstock Global ratings agency Fitch on Friday
War causing severe cost-of-living crisis no country can escape: UN | Business Standard News
Clipped from: https://www.business-standard.com/article/international/war-causing-severe-cost-of-living-crisis-no-country-can-escape-un-122061000054_1.html An FAO index of food prices surged to a record earlier this year as Russia’s invasion of Ukraine curtails shipments from one of
Current account deficit likely to hit three-year high at $43.8 bn in FY22 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/current-account-deficit-likely-to-hit-three-year-high-at-43-8-bn-in-fy22-122060900749_1.html The country’s current account deficit is likely to hit a three-year high of 1.8 per cent or USD 43.81 billion in FY22, as
Wage cost inflation may moderate IT players’ profit margins by 1.5% | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/wage-cost-inflation-may-moderate-it-players-profit-margins-by-1-5-122061000043_1.html The shrinking will be over and above the narrowing of up to 3.50 per cent on the operating profit margin front for most
*Oil shock: What the RBI can do | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/oil-shock-what-the-rbi-can-do-122060901256_1.html The absolute oil price rises at a very high rate and the absolute prices of other goods and services rise somewhat at their
FY23 tax collection likely to be better than budget estimate: Revenue Secy | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/fy23-tax-collection-likely-to-be-better-than-budget-estimate-revenue-secy-122060900944_1.html The country’s tax collections soared to a record high of Rs 27.07 lakh crore last year, compared to budget estimate of Rs 22.17
*As FDI gets pricey, China rushes to calm frustrated foreign investors | Business Standard News
Clipped from: https://www.business-standard.com/article/international/after-unprecedented-shanghai-lockdown-china-s-step-to-calm-foreign-firms-122061000196_1.html In recent weeks, Chinese leaders, while denying that there is an exodus of foreign firms, are putting more emphasis on the concerns of
*Increasing equity exposure | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/increasing-equity-exposure-122060901231_1.html EPFO should first fix the basics How should an institution managing retirement funds invest? Should it aim to minimise risk and invest in
*Safety net – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/any-oversight-body-for-social-media-should-protect-free-speech-with-well-defined-caveats/article65510406.ece Any oversight body for social media should protect free speech with well-defined caveats The Centre’s proposal to set up an appellate committee with
*IMF welcomes India’s decision to relax ban on wheat exports – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/imf-welcomes-indias-decision-to-relax-ban-on-wheat-exports/article65513381.ece Says it is concerned by food, fertiliser export restrictions by some nations The International Monetary Fund (IMF) has said that it is concerned
*RBI is fighting inflation its way but will politics weigh in? | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/rbi-is-fighting-inflation-its-way-but-will-politics-weigh-in-1116603.html So far, the administration of Prime Minister Narendra Modi doesn’t seem to be rattled RBI Governor Shaktikanta Das. Credit: PTI Photo By Andy
*WhatsApp launches initiative to help small businesses go digital – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/whatsapp-launches-initiative-to-help-small-businesses-go-digital/article65507331.ece SMBSaathi Utsav is the second phase of the SMBSaathi campaign WhatsApp India has announced SMBSaathi Utsav initiative to support small businesses adopt digital
*Russia says sanctions must be lifted for its grain to be delivered to international markets – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/world/russia-says-sanctions-must-be-lifted-for-its-grain-to-be-delivered-to-international-markets/article65507666.ece According to the Kremlin, the sanctions were affecting shipping insurance, payments, and access to European ports London, June 8 The Kremlin said on
*FM launches EASE 5.0 public sector banks common reform agenda – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/fm-launches-ease-50-public-sector-banks-common-reform-agenda/article65507944.ece It spells out the common reforms agenda for public sector banks Finance and Corporate Affairs Minister Nirmala Sitharaman, on Wednesday, launched the fifth
Will the WTO wake up to the food crisis? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/will-the-wto-wake-up-to-the-food-crisis/article65504988.ece At its next Ministerial, a new subsidy reference price and allowing transfers from public stocks are issues that should be flagged Ukraine and