Rise With India Podcast by ET NOW: Recent Episodes
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The Rise With India Podcast by ET NOW gets you everything you need to know to start your day ahead of the curve. Listen to ET NOW's Alex Mathew and Rohit Singh for all the latest news and updates in business, politics and markets from India and around the world.
Here’s what we’re tracking on the Rise With India podcast this morning.
The Sanjiv Goenka-led RP-SG Group and PE firm CVC Capital won the two Indian Premier League franchises on offer with record bids.
Railways could operate Mumbai local train services at pre-pandemic level from Thursday.
Tesla has breached a trillion dollars in market capitalization, becoming the fifth U.S. company to join the club.
While the undertone of correction continued on Monday, but markets also showed signs of some stability.
Tech Mahindra reported a strong set of numbers in the second quarter of FY22, as growth was driven by adoption of 5G, cloud and digital transformation. CEO and MD CP Gurnani said this is one of the best quarters in a decade for Tech Mahindra.
Here's what we're tracking on the RWI podcast.
A new Delta ‘Plus’ variant of the coronavirus, which is said to be driving a surge in Covid-19 cases in the UK, has shown up in India.
The World Health Organization’s technical advisory group will meet tomorrow to decide on granting emergency use listing (EUL) to Bharat Biotech’s Covid-19 vaccine Covaxin.
The ongoing quarterly earnings will be the major factor driving market trends going ahead, and benchmark indices may face volatility this week. Foreign portfolio investors have turned net sellers in India by pulling out Rs 3,825 crore in October so far.
Watch out for earnings reaction to ICICI Bank, RIL among others.
Here’s what we’re tracking on the Rise With India podcast this morning.
S&P 500 ends higher for the seventh straight day. Data showed jobless claims fell to a new pandemic low last week.
Nifty and Sensex fell for a third day in a row, as concerns over valuations and inflation weigh. DIIs have sold shares worth about ₹ 9,000 crore in the last nine trading sessions.
Rising oil prices have dented the performance of India’s top paints company. Input cost inflation hurt Asian Paints’ profits during the quarter to September.
Zee Entertainment told the Bombay High Court that its board would follow the advice to consider the demand of Invesco, to convene an extraordinary general meeting.
Reliance Industries is likely to report a strong performance for the quarter, helped by a low base a year ago and revival in the oil-to-chemical operations.
Nykaa is looking to launch its public issue on October 28, according to news reports.
Today could most likely mark the momentous day when we clock a billion vaccine doses. Here’s what else in lined up on the Rise With India Podcast.
India is set to cross the milestone of one billion Covid-19 vaccine doses today, just over nine months after the government initiated the mammoth immunisation drive.
Cracks in the mid- and small-cap rally are beginning to surface. In past two sessions, these Indices have fallen as much as 5%, raising concerns that the momentum could see a reversal.
According to the latest Beige Book survey, the U.S. economic growth slowed to a modest to moderate rate, as companies dealt with supply-chain disruptions, high prices, a shortage of workers and the Delta scare.
Here’s what we’re tracking in the ET Now Rise With India podcast this Wednesday morning.
Former Punjab chief minister Captain Amarinder Singh finally spelt out his next political move, announcing he would form his own political party.
FMCG growth rate in rural markets, which had been on the rise over the past few quarters, has moderated while it is picking up in urban areas.
The crypto universe celebrated a landmark moment as the first-ever exchange-traded fund of Bitcoin started trading on the New York Stock Exchange.
Sensex and Nifty ended with modest losses after a seven-session winning streak, as investors opted to pocket some gains at record levels.
Moody's has raised the outlook for Indian banking to 'stable' from 'negative'.
Here's the the morning news recap on the ET Now Rise with India podcast.
The telecom department has given Vodafone Idea, Bharti Airtel and Reliance Jio time till October 29th to decide whether they would opt for a four-year payment moratorium, which runs through FY26.
Apple has launched two new MacBook Pro models, powered by in-house Apple Silicon chips as well as a new generation of its AirPods wireless earbuds, and a $5-per-month music subscription service.
The US Food and Drug Administration could soon allow people to receive booster shots that are different from their first Covid-19 vaccine doses.
The NCLT has allowed creditors and shareholders of Reliance Retail to hold meetings to seek approval for proposed Rs 24,700 crore deal with the Future Group.
This morning, on the Rise With India podcast, the Street could take cues from quarterly earnings and a strong US handover. Here’s what’s on our radar.
Petrol and diesel price on Sunday was hiked again by 35 paise a litre.
India’s four biggest IT firms — TCS, Infosys, Wipro and HCL — have seen their combined employee strength rise by over 1 lakh in the first six months of the fiscal year.
India is poised cross the landmark of 100-crore Covid-19 vaccine doses next week. The vaccines administered suggest about 70 per cent of the population getting at least one dose and about 30 per cent of the population has got two doses.
Evergrande Group’s CEO is holding talks with investment banks and creditors over a possible restructuring and asset sales.
Quarterly earnings and global cues will be the major sentiment driver for the equity market this week. Street will watch out for reactions to HDFC Bank and DMart numbers.
Rising oil prices and a looming coal shortage in the middle of our economic recovery continues to cast long shadows. Today, on the Rise With India podcast, here’s what we’re tracking.
Prime Minister’s Office will review coal positions at thermal power stations amid worries over shortages.
U.S. crude prices rose past $80 a barrel - ending above the mark for the first time since late in 2014.
Back home, Nifty was unable to sustain the gains after hitting the 18,000 mark.
Aditya Birla Group chairman Kumar Mangalam Birla is considering infusing some of his own capital into Vodafone Idea, according to a report in The Economic Times.
Future Group and Amazon are likely to start negotiations for a possible out-of-court settlement of a year-long legal standoff over the proposed sale of Future Group assets to Reliance Retail.
Good morning, This Monday, we're gearing up to digest the renewable shopping spree by Reliance and how the street will respond to TCS numbers.
Reliance Industries has announced two back-to-back acquisitions in renewable energy space.
TCS has posted a double-digit increase in profit and revenue during the second quarter, with business growing across verticals and geographies. Big week for Tech Earnings - Infosys Wipro and HCL Tech will also report numbers.
Tata Sons is setting up a short-term advisory team ahead of its takeover of Air India.
Delhi and Andhra governments send SOS over fuel supply, Govt reassures no crisis in power.
Good morning, here’s what we are tracking on the ET Now Rise With India podcast.
UK blinks as it rolls back its mandatory quarantine for Indians coming in.
US reaches a deal to avert Govt shutdown, for now, and the Wall Street is kicked about it
TPG talking to Tatas to invest $1 billion in the EV division of Tata Motors
NCLAT gives Zee more time to file response in the Invesco case
TCS kicks off earnings season today, and markets will digest the MPC fineprint this morning.
And DIIs continue to be net buyers in the stock markets, with Nifty Realty clocking its highest level in a decade.
This morning, on the ET NOW Rise With India podcast, these are the hot stories we are tracking.
Russian President Vladimir Putin says he is ready to work on stabilizing the global energy market.
Titan registers strong recovery in Q2 FY22
Tata Digital to Offer Esops to All Employees to Win Over Talent
Blackstone Places Its 2nd big bet on India's IT services, Set to Buy VFS at Over $2 b Valuation
And Saudi Arabia’s Aramco is now a $2 trillion company, just behind Microsoft and Apple.
Here’s what’s making headlines on this edition of the ET Now Rise With India poscast:
Coal stocks at thermal power plants will start increasing in another two to three days, according to an official at coal ministry.
Moody's has upgraded India's rating outlook to 'stable' from 'negative', saying a recovery is underway and growth this fiscal will surpass the pre-pandemic rate.
HDFC Bank has reportedly initiated a formal process to rope in a strategic investor for HDB Financial.
And, a fomer Facebook data scientist tells US Congress the social network giant’s products are harmful for children, and fuel polarisation
This morning, we're staring at oil prices that are simmering at 7-year highs, and a huge rout in Tech shares world over, triggered by Facebook's outage that also wiped off 7 bn dollars of personal networth of Mark Zukurberg. The selloff in Facebook & other big tech shares pushed U.S. markets to start the week with losses.
Also, Byju's raises about Rs 2,200 crore in funding, takes valuation higher to $18 bn.
Meanwhile, SREI is the second firm whose NBFCs faced action by the Reserve Bank for failure to repay debts.
Track all this and more, in this morning’s edition of the Rise With India podcast.
Good morning, here’s what we are tracking on the Rise With India podcast.
The Zee and Invesco sage now unfolds before the high court too, with the matter also coming up before NCLT today
Reserve Bank this week could maintain status quo on interest rates for the eighth time in row.
OPEC and its allies will meet today, to debate how much oil to release into the already heated market
China Evergrande Group is facing another test, as another dollar note comes up for repayment.
Sales of passenger vehicles fell at several top manufacturers on shortage of semiconductors.
And Amazon, Flipkart see strong start to festive sale; tier-II, III cities drive momentum
Here are the top stories this morning, on the ET NOW Rise With India podcast.
Top carmaker Maruti Suzuki has said that it is expecting total vehicle production in October at two of its plants to be around 60% of normal levels as the chip shortage continues to bite the business.
Property registrations in Mumbai, which is India's biggest real estate market, have yet again recorded a 10-year high.
After over a decade, the Coastal Zone Management Plan for Greater Mumbai has finally been approved by the Centre.
US Markets tumbled to end the quarter, and S&P 500 clocked its worst monthly pullback since March last year. The index is still up 15% for the year, and hgiher for a sixth straight quarter.
Nifty has posted its best series since Feb this year. The Index has ended higher for a 5th month in a row, its longest monthly gaining streak in at least 5 years.
Here are the headlines this morning, on the Rise With India podcast.
Invesco is moving NCLT against Zee, for not calling an EGM of the company. ZEEL declined to comment on the development and said it remains committed to acting within the framework of the law.
The Reserve Bank has removed Indian Overseas Bank from Prompt Corrective Action Framework.
The government is working on a second set of reforms for the telecom sector, says Minister Ashwini Vaishnaw
The government has decided on the minimum reserve price for Air India, and met the two bidders for further discussions.
and US markets end higher, but yields continue to rise for a 7th day.
This morning, the Wall Street is reflecting a note of caution which also showed up in our markets yesterday. Here are the big stories this morning.
Oil past $80 for the for time in 3 years, US 10Y yield above 1.5% and US Fed is now worried about inflation.
Complete ban on bursting, sale of all kinds of firecrackers up to Jan 1st, in the national capital
Sebi board approves proposal to amend de-listing framework after open offer
Air India sale in the final round, as bids may open very soon
Standard Life could sell 5% stake in HDFC AMC today at opening bell
And Mahindra may be weighing funding options for its EV supercar unit.
We're starting a new week after a historic high on Dalal Street on Friday. Stocks will track global cues this week and could face volatility in the expiry week, even as valuations look rich.
Here’s what else is making headlines this morning.
India is waking up to Cyclone Gulab's landfall in Andhra Pradesh
The nation needs 4-5 'SBI size' banks to meet growing needs of economy, says the Finance Minister
HDFC Bank, has said that it aims to double its rural reach to two lakh villages
New Ministers of State inducted in Uttar Pradesh cabinet. Jitin Prasada among other names take oath
And Prime Minister Modi will launch the Digital Health Mission today.
This morning, we're perched within striking distance of the 60,000 mark on Sensex. Meanwhile, in the other hemisphere, America’s top CEOs held meeting with Prime Minister Modi in person, to discuss investments in a range of sectors.
Here's what we're tracking this morning.
Dow stepped out of slump with its best two-day rally in over six months. Benchmark government bond yields posted their biggest one-day rise since March.
Asian markets track US gains, while China urges Evergrande to not default.
Turkish Lira is near record lows after surprise rate cut.
PM Modi began his US visit with a number of meetings with leading American CEOs and highlighted the economic opportunities in India.
And CDC Panel Recommends Booster Dose of Pfizer Covid vaccine.
Here's all that we're tracking this morning, on the ET Now Rise With India podcast.
The Federal Reserve has signaled that it may start raising its benchmark rate sometime next year. This is earlier than envisioned three months ago.
U.S. stocks staged a comeback from their September lows, after Fed signaled that it could reduce bond purchases soon and raise rates early as next year.
Hong Kong developer Chinese Estates, which holds 5.66% stake in Evergrande, is planning to sell all its shares.
Back home, we saw the benchmark indces cautious even as broader market saw a widespread rally.
Japanese farm equipment firm Kubota is in talks with the Nanda family — promoters of Escorts — to increase its stake and eventually become a controlling shareholder, according to a news report in the Economic Times.
Tech firm Freshworks made its debut on Nasdaq after a billion-dollar IPO. It is the first Indian SaaS company to list on the American exchange.
On the Rise with India Podcast this Wednesday, we're tracking the latest from UN general assembly, and if the panic over Evergrande crisis is getting tempered or not. Here’s what’s lined up:
The US Securities and Exchange Commission Chair Gary Gensler has said that he doesn’t see much long-term viability for cryptocurrencies
Evergrande’s debt deadline on two bonds comes up tomorrow.
After Zee Entertainment and Dish TV, the Subhash Chandra family is bracing for another shareholder activism at EGM.
Tata Power is raising funds for renewables business.
As tension rise with China, Biden tells UN that America is 'not seeking a new Cold War.'
Good morning, and here's the latest episode on the Rise With India podcast. Listen in to what we're tracking at ET Now.
US markets snapped a steady run to send the S&P 500 to its worst day since May. Rising concerns over Chinese realtor Evergrande triggered a rush out of riskier assets such as stocks, oil and bitcoin, and into safer ones.
The US will soon reopen its borders to most foreign travellers, as long as they’re fully vaccinated against Covid-19.
The Centre has decided to resume its Vaccine Maitri from October, exactly five months after India stopped the export of Covid-19 vaccines.
US private equity fund CA Rover - an affiliate of Carlyle Asia - is looking to sell 3.4% stake in SBI Cards worth ₹3,300 crore, on the stock exchange today.
This Monday on ET Now Rise With India podcast, The Unlock play will get a strong boost.
As Covid cases in India decline, The Govt may reopen its doors for foreign tourists for the first time in one-and-a-half years.
The Govt has hiked domestic airline capacity to 85%, allowing airlines to set their own fares for booking beyond 15 days.
Private equity group Advent will be buying Eureka Forbes, the flagship brand of Shapoorji Pallonji Group, for an enterprise value of Rs 4,400 crore.
The USFDA has concluded its inspection of Lupin's Goa-based facility. The regulator has come out with "seven observations", according to the drugmaker.
Facing ire of a top lender, Dish TV is seeking extension of time for holding the AGM. It was scheduled to be held on September 27.
India pips France in mcap, Mittal's telecom outreach & Hero Moto hikes prices
Today, on the ET Now Rise With India podcast, Here's what's making headlines.
1 Sensex past 59,000 as FIIs buy for a fifth day - India's market cap pips that of France, and now knocking at UK - which is at the fifth position.
2 GST Council meets today to review some tax rates, and consider extending some concessions.
3 Finance Minister guarantees a fat buffer for newly minted National Asset Reconstruction Company.
4 Hero MotoCorp is hiking prices of its motorcycles and scooters with effect from Monday, as rising commodities bite.
Here's what we're tracking on Today's episode of the Rise with India podcast.
1 Watch out if the stock markets will extend the gains, as buyers seem to be in the mood for an extended mid-week party. Nifty is now less than three per cent away from 18,000.
2 Both industry and experts welcome the PLI scheme for automotive sector - special focus on EVs and hydrogen-fuel vehicles.
3 Telecom czars are not to be left behind as they project the relief package to be seminal, pathbreaking, and enabling fearless investments.
4 No structural change at Tata Group on anvil, N Chandrasekaran clears the air.
Here are the top stories this morning.
Apple has unveiled its next line-up of iPhone, and more.
Air India's Financial bids will open today, Tatas and Ajay Singh are likely to bid
Centre may discuss a timeframe in which Petrol & Diesel can be included under GST.
Reliance reported to be in talks with a Chinese player to make a solar panel ingredient
And Blinken tells US Congress, Biden administration will review ties with Pakistan.
This morning, on the ET Now Rise With India podcast:
A significant comment from the Govt, as Foreign Minister Jaishankar says India will be guided by its historical friendship with Afghan people.
President Joe Biden to host the first-ever in-person Quad summit at the White House this month.
Retail inflation eases to 4-mth low in August, as food prices soften
Global Oil Demand Will Exceed The Pre-Pandemic Levels Next Year, according to OPEC
It promises to be a major showdown between an investor and founder, as Zee prepares for an important AGM today. Two independent directors on Zee's board have resigned last evening.
Big push for the vaccine drive, 75 crore shots given, avg 74L+ daily shots this month.
Here are the top stories on the Rise With India Podcast this morning.
BJP continues with its image “makeover” with surprise decisions. The softspoken, first-time MLA Bhupendra Patel has been appointed as the successor to outgoing Gujarat chief minister Vijay Rupani.
Finance Minister Nirmala Sitharaman on Sunday said vaccination was the only medicine to boost the economy, as it allows people to conduct businesses regularly or farmers to carry out farming activity.
Import duty on Cooking Oils like refined palm oil, soybean oil and sunflower oil have been slashed, to provide a respite to consumers amid rising food prices.
The heavy industries ministry has asked Tesla to first start manufacturing its EVs in India, before any tax concessions can be considered.
Leading fashion retailer Aditya Birla Fashion and Retail is targeting to hit Rs 25,000 crore revenue after five years, according to Chairman Kumar Mangalam Birla.
Good morning, here's what's we've picked up for today's ET Now Rise with India podcast -
India announces the squad for T20 World Cup, Shikhar Dhawan and Prithvi Shaw dropped
World Health Organisation chief calls for a moratorium' on using coronavirus booster shots for rest of the year
Income tax portal's tech issues being progressively addressed, says CBDT
UCO bank has exited the RBIs PCA framework.
And Job market expands in August as well, hits pre-Covid level.
Good morning, here's what's we've picked up for today's ET Now Rise with India podcast -
Bitcoin Falls to the Lowest Level in A Month.
Sebi introduces T+1 settlement cycle on optional basis.
Byju's acquires Gradeup, one of India's largest exam preparation platform
BMC has came out with more curbs for the Ganpati festival.
CIA chief and Russian NSA both in India, as Govt assesses security risks.
And IMD issues orange alert for Mumbai.
Click to find out how is market positioned for the day today.
You're with ET Now's Rise with India podcast, and these are the Top Stories.
India once again administers more than one crore Covid doses, for a third time in last 11 days.
TCS has set the return-to-office date for its 5,00,000-strong employees by end of the year, or early next year.
Aluminum prices are at their highest level in 10 years after a military coup in mineral-rich Guinea has disrupted the supply chain.
The Taliban claims they have overcome the last pocket of resistance in Afghanistan, in the province of Panjshir, a region that has held out so far.
India’s Covid-19 cases continue to outpace daily recoveries for 5-th day on Sunday; Saudi Arabia cuts prices of oil for sales to Asia next month by more than expected; Daimler AG head warns that chip shortage could prevail till 2023; And the stocks to watch!
-More production cuts by car makers
-A big fund raise planned by HDFC Life
-Exports getting stronger
-New York faces emergency due to flood
GST shows promise of recovery, and Monsoon may revive in Sept - Rise With India Podcast
- Monsoon is expected to revive in September, bringing respite to farming in regions that recieved inadequate rains.
- Meanwhile, GST collection has topped the Rs 1-lakh-crore mark for the second straight month in August. The trend is indicative of a sustained revival in economic activity.
- In top corporate news, Vedanta has approved an interim dividend that’ll cost almost Rs 6,900 cr. India’s largest brokerage firm Zerodha will soon begin the ground work for its latest offering - mutual funds.
- And to round up, On Dalal Street, there was a breather after two days of relentless rise.
India’s GDP grows at record pace in Q1, but recovery slows on sequential basis; Govt’s fiscal deficit in Apr-Jul stands at 21.3% of budget estimate; Maruti Suzuki fears sharp production fall on back of semiconductor crisis
India’s Covid-19 third wave could peak in Oct-Nov, says SUTRA model author Manindra Agrawal; RIL eyes major acquisition in solar energy space; China restricts gaming for children to few hours every week
Fed Chair Jerome Powell sticks to script, says taper could start this year, but interest rates to remain low; India’s Covid-19 tally rises by over 45,000 on Sunday; Bharti Airtel plans Rs 21,000-cr fundraise; Oil prices rise
ISIS-K claims responsibility for deadly Kabul blast, U.S. President Joe Biden vows retribution; India lifts ban on Boeing’s 737 Max; Asian equities muted ahead of Fed Chair's Jackson Hole address
Government feels PSU banks can raise their own funds; Delhivery plans $1 bln IPO: Bloomberg; Government plans to rapidly bolster EV charging infrastructure; FIIs, DIIs both sold equity on Wednesday with benchmarks at record
India could allow FDI into LIC ahead of IPO; U.S. sharply increases rate of acceptance of H1-B visa applications; Biden rebuffs calls to delay Afghan evacuation; U.S. House approves core of Biden’s spending plan
Modi government launches Rs 6-lakh-cr National Monetisation Pipeline; Skymet says India monsoon will be below-average; Reliance Industries plans super app in partnership with Whatsapp: ET; Govt explores staggered AGR payment
Equities see profit booking after record high; Nifty Metal's worst fall in 15 months; FPIs net buyers of Rs 5,000 cr in August so far; Infosys CEO summoned over I-T portal glitches; Zydus Cadila's vax to start from September for all above 12
U.S. Fed minutes point to rising consensus for a taper of bond buying this year; Top Canadian pension funds to buy half of Rs 5100-cr InvIT from NHAI; Taliban calls on Afghan imams to urge unity during Friday prayers
RBI says MPC decision to prioritise growth over inflation was judgement call; India expected to withdraw export subsidy for sugar this year; U.S. stocks cool on Delta fears; RBI lifts ban on HDFC Bank
FM Sitharaman rules out excise duty cut on fuel for now, says rules to scrap retrospective tax demands will be framed soon; India wins historic test victory vs England at Lord’s; Govt wants Vi promoters to infuse capital
PM Modi launches Rs 100-lk-cr ‘Gati Shakti Initiative’ to bolster manufacturing, infrastructure, also launches National Hydrogen Mission; Taliban storms into Kabul, even as U.S. evacuates; FIIs, DIIs turn buyers on Friday, experts see potential further upside
India’s retail inflation cools in July to lowest since April; FM Sitharaman bats for growth; India’s renewable energy capacity crosses 100 GW; Tata Steel delivers mixed bag in Q1; Dow, S&P 500 climb to record high
India’s Rs 6-lakh-crore divestment plan is on fast-track, says DIPAM Secy; ITC concerned that share price has not risen; Maharashtra eases more restrictions; China to expand regulatory crackdown over next five years
NCDC warns of rising Covid-19 cases in Kerala, with positivity rates above 10%; Bharat Biotech to bolster vaccine capacity; Zomato’s Q1 loss widens on ESOP expenses; RIL makes first strategic move in renewables
India’s businesses recovering at faster-than-expected pace, says Nomura; Indian Ocean warming faster than other oceans; Oil declines on demand fears; Tata Group plans satellite broadband; Trade setup for August 10
Mumbai suburban train services to start on Aug 15; Study finds Covishield, Covaxin cocktail more effective; DoT discusses financial stress in telecom sector with banks; Consolidation round the corner for equity markets?
RBI Monetary Policy Committee’s rate decision imminent; Government takes bold, moves towards turning contentious retrospective tax prospective; SC verdict on Future Retail-RIL; Leo Messi to leave Barca?
Parliamentary standing committee calls for overhaul of bankruptcy code; BharatPe raises $375 mln in latest funding round; FIIs push Nifty to fresh all-time high; Kumar Mangalam Birla steps down from Vi helm
Third Covid-19 wave fears rise on Kerala spike; Government set to announce relief package for telecom sector; Four IPOs kick off today; FIIs turn net buyers after 13 days as Nifty breaches 16,000
Maharashtra, Mumbai ease restrictions for shops, other establishments; India’s Trade Deficit widens in July; IMD predicts normal rainfall in Aug-Sep; DIIs offset heavy selling by FIIs; Tata Motors hikes prices
India’s GST collections above Rs 1 lakh crore in July; Auto sales see spike in July; SUTRA model predicts 3rd wave of Covid-19 starting August; U.S. SEC freezes IPOs of Chinese cos that don’t disclose risks adequately
Selloff resumes in Asian equities; Indian sugar traders sign export contracts in advance after Brazil frost; Reliance Jio adds active subscribers, Airtel’s tally drops; U.S. growth misses forecast; Uday Kotak talks of bolder bets
U.S. Fed moving closer to winding down bond buying program, keeps rates unchanged; CEA Subramanian pegs India growth at 6.5-7% in FY23, 8% thereafter; Aditya Ghosh to join RJ's Akasa as co-founder; Maruti misses Q1 estimates
IMF cuts India’s FY22 GDP growth forecast to 9.5%; Government mulling steps to improve health of telecom companies; IndiGo expects pre-covid levels by year-end; Heavy selling in U.S.-listed Chinese stocks continues
Vijay Mallya declared bankrupt by British court; Byju’s buys Great learning for $600 mln; Axis Bank Q1 profit nearly doubles; L&T worried about rising commodity prices; Tata Motors posts wider than expected Q1 loss
Monsoons wreak havoc in Maharashtra - 159 people lose their lives, several reported missing; Sharp rise in rating upgrades reported in Apr-Jun; RIL, ICICI & ITC in focus on earnings; Ramappa temple a UNESCO heritage site
Zomato’s Dalal Street debut eyed; Tokyo Olympics kick off; RIL to post Q1 earnings; Equity markets erase this week’s losses on Thursday; PLI scheme announced for specialty steel; 100% FDI in oil PSUs gets nod
Heavy rainfall likely in West, Central India over next 3-4 days: IMD; Delta Covid variant to become world’s dominant strain in coming months: WHO; Centre begins review of GST Law; N Chandra set for 2nd term at helm of Tata Sons
Global equities see panic selling, accompanied by migration into safe havens; Dow, crude oil, treasury yields move sharply lower; US, UK and allies say China was mastermind of several hacks, including on Microsoft Exchange
OPEC and allies agree to hike oil production, causing crude prices to cool; Reliance Retail Ventures to acquire majority stake in Just Dial; 16,000 on the cards for Nifty 50 this week despite heavy FII selling
Nifty 50 managed closing high without FII support; Rakesh Jhunjhunwalla buys 1.4% in SAIL; RBI reiterates stance that high inflation is driven by supply-side shocks, is transitory; Wipro extends IT party
Zomato IPO fully subscribed on day 1; RIL in talks to buy Just Dial; RBI bars Mastercard from adding new customers from July 22; Fed Chair Jerome Powell says easy monetary policy to continue despite spike in inflation
Zomato IPO kicks off, as anchor book gets 35x bids;
Tuesday was best day in 6 weeks for Indian equities, Smallcap at record high;
Maharashtra launches new EV policy;
Kharif sowing takes a hit in some states;
US inflation sinks stocks, yields rise
CPI Inflation at 6.26% in June;
WHO warns against mixing Covid-19 shots from different manufacturers;
ICRA red flags rising restructuring in NBFC loans;
FIIs continue to sell Indian equity;
PNB Housing faces Sebi heat
India evacuates staff from Kandahar consulate as Afghanistan security situation worsens; Downside capped for Nifty below 15,700?; DMart Q1 earnings hit by 2nd Covid-19 wave; Strong start to trade in Asia Pacific; Italy win Euro 2021 as England wait for major title continues
TCS reports soft Q1; Global Equities see risk-off sentiment; Cabinet approves package to bolster health infrastructure; RBI advises banks to speed up transition away from LIBOR contracts; U.S. jobless claims rise unexpectedly
Massive Cabinet reshuffle sees 36 new faces join the ranks; Zomato IPO date advanced to July 14; RBI penalises top banks over provisions; Dow ends at record, while bond yields soften further; Adani in talks to raise $1 bn to fund MIAL debt
Cabinet reshuffle likely today; GST collection falls below Rs 1 lakh cr; S&P 500 snaps 7-day gaining streak; a check of what led to the panic selling in Indian equities with Nifty at 15,900
OPEC+ meeting dissolves into infighting, with Brent Crude above $77/barrel for the first time in two years; ET reports that Zomato’s Rs 9,375-cr could open for subscription on July 19; Twitter no longer has intermediary protection, Centre says; Reliance eyes stake in Portico; Steelmakers cut prices for July
Oil remains elevated as OPEC+ fail to reach agreement; RBI changes bond auction methodology; LIC IPO gathers pace; TCS kicks off Earnings this week; Watch out for India's Services PMI
Oil closes above $75, as OPEC+ meeting ends in stalemate; RBI more positive than before on banks’ health; RBI flags massive stress in MSMEs; Nifty down for 4th day, below 15,700; S&P 500 up 6th day, at record
IMD says India’s rainfall in June was 10% higher than normal; Output of 8 core sectors declined in May; India’s fiscal deficit remains under control; Auto stocks in focus ahead of sales data; Up to 11 IPOs lined up this month
SEBI brings tougher rules for independent directors, will create new ‘accredited investor’ category; Five Indian drugmakers to conduct clinical trials for Covid-19 treatment drug; Record close achieved on Wall Street; India VIX cools off
India’s business activity improves; RIL to invest $1.2-1.5 billion in JV facility with Abu Dhabi National Oil Co in Ruwais; Facebook zooms past $1 trillion after two antitrust cases are dismissed; Tata Motors plans 10 new electric vehicles
Authorities say it’s too early to tell if Delta Plus Covid variant is a significant threat; Terror attack foiled in Jammu after low-intensity blasts reported at Air Force Base; 16,000 eyed on Nifty 50; OPEC+ could ramp up output
Wall Street cheers Biden’s $579 bln infra deal; Brokerages broadly positive on RIL AGM; Didi Global eyes $67 bln IPO valuation; Accenture beats guidance – what that means for Indian IT; Japan says security of Taiwan linked to its own amidst growing threats from China
India increases allocation of foodgrains free of cost to the poor; Nirav Modi’s application against extradition rejected by U.K. high court; John McAfee dies; Nasdaq closes at fresh record; both FIIs and DIIs were net buyers in yesterday’s decline; Brace for volatility on expiry day
Payments revival in June points to improving business activity, consumer sentiment in India; Southwest Monsoon winds stall after rapid progress in first three weeks of season; Equity markets poised for steady start after record close on Wall Street; Microsoft hits $2 trln market cap
India administers 85 lakh vaccines on Monday – a global record; e-commerce rules set to change, spelling an end to flash sales; global equities bounce back as fears of a hawkish Fed ease; Dow clocks best day since March
Vaccine administration rate rises sharply in May; Iran nuclear deal fails to take off for a sixth time; U.S. ratchets up pressure on China for fresh vaccine probe; Carlyle-PNB deal in a fix; Bullish bets on RIL before AGM
India markets brace for volatility after global commodities rout; Sputnik V to be made available in 9 cities besides Hyderabad; Government moves to curb rising edible oil prices; DMart, Info Edge may Join Nifty
Fed sees two interest rate hikes in 2023; Equity markets brace for selling after Fed surprise; RBI says speed, scale of vaccination will shape path of economic recovery; More subsidy on DAP fertilisers
Nifty within sight of 16,000, but caution prevails; FOMC meet result eyed; Aadhaar verification deadline for employees’ provident fund deferred; Serum Institute of India to make Novovax’s Covid-19 shot
India’s retail inflation climbs to 6-month high in May; Wholesale inflation in May at 12.94%; Nifty sustains above 15,800; Gold, copper slide, U.S. equities at record ahead of FOMC meeting
GST Council cuts tax on medical grade oxygen, other items used in Covid-19 relief; IPOs back in focus; Adani to foray into cement; Netanyahu ousted as Israel PM; Djokovic wins dramatic French Open final
U.S. CPI spikes more than expected, but equities soar to record high; India refutes report of CoWIN hack; ATM withdrawal charges set to increase; Will momentum sustain in India’s equity markets?
Union Cabinet approves 1-6.6% hike for Kharif MSP; Twitter seeks more time to comply with IT rules; Adani Group plans IPO for airports business; Equity markets see signs of consolidation
World Bank projects world GDP growth at 5.6% this year; Stellar run in equities loses some steam; PayTM IPO rolls on; Bitcoin crashes as FBI recovers ransom paid by Colonial Pipeline; U.S. CPI eyed
Centre takes over vaccination drive; SEBI fines Franklin Templeton AMC Rs 517 cr; 16,000 in sight for Nifty 50; mid-, small-caps up for 4th day on Monday.
Active Covid-19 cases fall below 15 lakh; Maharashtra starts #unlock ; GST collections in May stay above 1 lakh crore; Federer pulls out of French Open; More steam left in Nifty 50 at 15,700?
RBI MPC's rate decision, commentary on inflation, growth;
More PLI schemes likely;
India VIX falls to 17-month low;
SEBI relaxes limits for MFs investing overseas;
U.S. jobs data in focus
Cabinet approves Model Tenancy Act; Sri Lanka braces for massive ecological disaster; Government brings forward 20% ethanol blending target; RIL lays out plans in annual report; Equity markets might see caution ahead of MPC's decision on Friday
Crude rises after OPEC+ forecasts higher demand; India’s petrol, diesel consumption plummet in May; ITC earnings in line but margins disappoint; Infosys executives barred by SEBI for insider trading
India’s economy grew at 3.7% in Q4 FY21; fiscal deficit a shade below expected in FY21; RBI clarifies on cryptocurrencies; Nifty rises for 7th day; Street fears peak margin norms that kick in today
India’s Covid-19 cases ease further;
Maharashtra extends restrictions till June 15, but allows for easing based on case count;
Chartists point to bearish signs in Indian equity;
FM assures on stimulus
GST Council meeting key to watch;
Pfizer vaccine could be available July;
Strong U.S. jobs data boosts sentiment, oil rises;
Sun Pharma disappoints street;
Eicher posts highest-ever quarterly sales
Update on Cyclone Yaas;
Government asks significant social media companies for an update on compliance with India’s laws;
Education ministry draws up 3-phase Covid-19 response action plan;
Nifty 50 within striking distance of all-time high, but could face resistance;
Stocks you need to watch out for in trade today, including BPCL and Berger
Pfizer asks India for advance payment to supply vaccines
Google, Facebook say they’ll comply with India’s new IT rules
Foodgrain production hit record in 2020-21
FIIs are net buyers in 5/6 sessions
India braces for Cyclone Yaas
Crude oil climbs as Iran says gaps remain in negotiations on nuclear deal
BSE hits $3 trln market cap
Nifty sits pretty at close to 15,200
India’s active Covid-19 tally falls to below 29 lakh, a 1-month low
Cryptocurrency roller coaster continues over the weekend
Nifty 50 eyes 15,200
Asia Pacific markets trade mixed
Finally, a truce between Israel and Hamas in Gaza;
India cuts sugar export subsidy;
Dow Jones snaps 3-day losing streak, now just 2% off all-time highs;
U.S. jobs data improves
U.S. Fed officials say further strengthening would warrant conversation on rolling back asset purchases
Commodities see selloff
Progress made on Iran nuclear deal
FIIs and DIIs turn net sellers
Bharat Biotech to begin Phase II & III trials for those below 18 in 10-12 days
Tata Motors posts surprise loss despite strong operational performance
FIIs turn buyers after frantic selling
Cyclone Taukte weakens after making landfall
RBI says aggregate demand hit more than supply in second COVID-19 wave, economic impact not as severe as last year
Nifty 50 marches to 15,000
Mumbai braces for heavy rain, winds as Cyclone Taukte passes
Second wave of India’s pandemic may have peaked
FIIs sell boatloads of equity in May
Earnings in focus at the start of trade
Gap between Covishield doses upped to 12-16 weeks
CPI Inflation eases in India, spikes in U.S.
U.S. jobless claims hit fresh pandemic low
Pharma companies in focus on Q4 Earnings
Covid-19 active cases drop marginally
Nomura and Moody’s cut India FY22 growth projections
Equity markets brace for more selling
War is brewing in the troubled Gaza strip.
WHO to classify fast-spreading Indian strain of Covid-19 virus as variant of concern
CRISIL projects slower India GDP growth
Sell-off in U.S. equities spreads to the Asia Pacific region
New Delhi extends lockdown by another week
FM Nirmala Sitharaman defends GST on vaccines, Covid-19 drugs, oxygen concentrators
FIIs continue to sell in India’s equity markets
New anti-Covid Drug by Dr Reddy's and DRDO
Consumer sentiment falls 3.8% in April, the sharpest fall since May 2020
Russia authorises one-shot Sputnik Light
Credit Suisse cuts forecast for India’s FY22 growth
U.S. jobless claims at pandemic low
U.S. to support proposal to waive IP on Covid-19 vaccines at WTO;
Centre to present plan to SC to curb oxygen shortage;
Dhamaka results for Tata Steel, Deepak Nitrite
Bajaj Finance gets approval for mobile wallet
Banks, NBFCs ask RBI for flexible restructuring of loans amid pandemic second wave;
Domestic steel makers hike prices again;
DIIs continue buying amid fall in equities;
IndiGo plans fund raise
India’s manufacturing sector stays resilient in April, shows the PMI reading;
Adar Poonawalla says can’t ramp up vaccine production overnight;
Foreign institutional investors run for the exits
Incumbents hold on to power in most major assembly elections;
Supreme Court asks government to review vaccination policy;
GST collection in March hits all-time high;
Trade Setup for the week
Maharashtra to extend lockdown-like restrictions for 15 days
Mumbai will halt vaccination till May 2
Reliance Industries earnings eyed before the weekend
and U.S. GDP growth accelerates in the first quarter
Serum Institute to cut price of vaccine to Rs 300
U.S. Fed upgrades assessment of economy, but maintains supportive monetary policy
RIL in talks with Aramco for petchem arm stake sale
Trade setup
U.S. considers waiver of vaccine intellectual property
Maharashtra says it will only get Serum Institute vaccines on May 20
Info Edge plans to offload shares in Zomato IPO
Bajaj Finance, Axis Bank earnings
U.S. to share entire supply of AstraZeneca vaccines with world
Centre directs Indian vaccine manufacturers to cut prices
RBI caps tenures of bank MD & CEOs
In earnings: Bajaj Finance, Axis Bank, Maruti, Britannia
Nearly 3.5 lakh covid-19 cases reported on Sunday
U.S., Europe offer aid to India to fight the pandemic
Equity markets are 8% off their all-time highs
Trade setup for the week
Fitch Ratings affirms India’s rating at ‘BBB-’ with a negative outlook
FM Sitharaman says divestment, spending plans remain unchanged despite Covid-19 second wave
President Joe Biden to propose doubling tax on rich investors
Bharat Biotech’s vaccine shows 78% efficacy
PM Modi says lockdowns should be a last resort
Serum Institute announces pricing of shot
Tata Steel in focus on subsidiaries’ earnings
Global equities show strength
India opens up vaccination drive to all above 18 starting May 1
Will this prove to be a booster dose for India’s equity market?
Or will concern about June quarter earnings persist?
Delhi sees more restrictions
India’s trade deficit widens
Wipro posts in-line Q4 results
U.S. equities surge to record on signs of strong economic revival
India’s Covid-19 cases rise by over 1.84 lakh
Sputnik V to be available this quarter
Infosys ADR falls 6% after Q4 results
Which way will markets go?
Maharashtra Covid-19 cases drop, but remain elevated
Important updates on the economy
Nifty falls below its 100-day moving average
TCS results in focus
India’s Covid-19 cases rise by over 1.5 lakh on Sunday
Maharashtra could be contemplating a 2-3 week lockdown
IT results kick off this week with TCS
Infosys to consider buyback
PM Modi calls for increased testing to curb Covid-19 surge, says vaccine production limited, to continue to be given to most at-risk individuals; U.S. jobless claims rise; S&P 500 clocks fresh record
Mumbai permits online food delivery, essentials supply 24x7;
Cabinet approves PLI schemes for air-conditioners, LED lights, solar photovoltaic modules;
Will the rupee’s fall continue?
Trade setup for the day
RBI Monetary Policy Committee likely to keep policy rate unchanged
IMF upgrades India’s growth projection in FY22 to 12.5%
Airtel sells spectrum to Reliance Jio
Equity markets likely to remain rangebound
Maharashtra reports 47,288 Covid-19 cases;
5.4 magnitude earthquake hits Sikkim;
Swiggy raises $800 mln in latest round of funding;
Equity market check
Maharashtra announces fresh curbs, weekend lockdown as Covid-19 cases surge
Bank unions threaten to go on strike
Earnings season kicks off this week and we’re getting set for RBI's MPC decision
Facebook data of millions of users becomes available for free online
India’s borrowing calendar for the first half of FY22;
Fiscal deficit within target for FY21!
An update on RBI’s inflation target;
Will largecaps continue to bleed at the end of a truncated week?
It’s the end of the financial year!
Shot in the arm for Indian IT companies on H1-B front.
Nifty Midcap 100 showing signs of further momentum.
And the Bulls may be making a comeback.
COVID-19 may have come from bats. Suez Canal unblocked! Massive margin call default by a US hedge fund sends tremors through Wall Street.
Supreme Court to decide on Tata-Mistry case.
U.S. President Biden promises to outspend China.
Nifty is now at the budget day levels.
Fitch upgrades India’s GDP growth projection.
India stops export of AstraZeneca shot as cases rise.
U.S. 10-year Treasury yield falls, but stays above 1.6%.
Mumbai bans Holi celebration. Pfizer starts human safety tests of pill to treat Covid-19. India likely to have appealed against arbitral award to Cairn Energy. BBQ Nation IPO set to open.
Government cancels Rs 20,000 crore borrowing scheduled for Mar 26. SEBI eases AT-1 valuation rule for mutual funds. There’s a new advisory panel for bank licenses. Tata Group, Spicejet’s Ajay Singh bids shortlisted for Air India acquisition.
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FM Sitharaman says high-frequency indicators point to economic recovery
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Covid-19 cases continue to mount
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Air travel to get costlier
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Potato prices rise by 50%
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Maharashtra reports 25,833 new Covid-19 cases
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AstraZeneca’s shot “safe and secure”: EU regulator
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Rajya Sabha clears FDI limit hike in Insurance to 74%
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A Clutch of midcap stocks to get boost from FTSE inclusion
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Federal Reserve says will hold rates at near-zero through 2023
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WHO backs AstraZeneca shot, says it should continue to be administered
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Maharashtra reports over 23,000 fresh Covid-19 cases
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Stocks to watch: PSUs, AB Capital, Tata Communications, BHEL