Is more trouble on the anvil for UPL?
The UPL Ltd’s stock slipped as much as 11% on Monday, hitting a fresh 52-week low of ₹470.05 apiece. Key Points
mintRupee drops to fresh record low, tracking Asian peers
The rupee dropped to a lifetime low of 83.3050 to the dollar, down from 83.2800 in the previous session. The previous lifetime low was 83.2950. Key Points
Economic TimesHow Sridevi’s low salt diet can be dangerous | Explained
Sridevi was on a low salt diet to look good. How this diet can be dangerous? Here is what happens when you remove salt from your diet. Key Points
FirstpostAsian shares rise, dollar dips as traders await US inflation data
Asian shares nudged higher and the dollar was at a two-month low on Wednesday ahead of crucial U.S. inflation data that will help gauge whether the Federal Reserve is at the end of its aggressive rate hike policy. Key Points
ReutersDid you know there's a giant 'gravity hole' in Indian Ocean? IISc scientists may have found out why
Located just south of Sri Lanka, it is here that Earth’s gravitational pull is weakest & sea level is 100 m lower than global average. Findings published in Geophysical Research Letters. Key Points
ThePrint
Smartphone shipments seen to have shrunk 15% last quarter
Smartphone shipments in India are expected to drop by 10-15% year-on-year in 1Q23 due to brands focusing on clearing inventory instead of high demand, according to Counterpoint Research. Smartphone sales were 19% in January due to online purchases for Republic Day, but fell 12% in February. Sales for premium smartphones, however, were sustained due to new launches and discounts. Channel partners struggled to accept large quantities of shipments due to low turnover rates consequently leading to a slower inventory movement in Q1. Key Points
Economic TimesCovid 19: Cases rise but experts say no cause for worry
Deaths are trending up too, but numbers are very low so far. As in the past, Maharashtra, Kerala, Gujarat, Karnataka, Delhi and Tamil Nadu are worst hit. Himachal Pradesh, the most vaccinated state, is witnessing a surprise increase, likely because it is a tourist hotspot. Key Points
Economic TimesActor Leonardo DiCaprio testifies in Fugees rapper's money-laundering case
DiCaprio is facing criminal charges for allegedly embezzling $4.5 billion from Malaysia's 1MDB sovereign wealth fund. | World News Key Points
Hindustan TimesLeonardo DiCaprio says Malaysian financier planned to donate to Obama's 2012 campaign
By Sarah N. Lynch WASHINGTON (Reuters) -Actor Leonardo DiCaprio told a Washington jury on Monday that Malaysian financier Jho low revealed his plans to donate up to $30 million to help U.S. President Key Points
ThePrintManufacturing PMI falls to an eight-month low
The purchasing managers index (PMI) fell to 55.5 in October from 57.5 in September, according to S&P Global Market Intelligence. Key Points
mint
DGCA issues show cause notice to Air India & SpiceJet for rostering non-CAT III compliant pilots
The Directorate General of Civil Aviation (DGCA) has issued a show cause notice to Air India and SpiceJet for rostering non-CAT III (Category III) compliant pilots. The action follows the diversion of over 50 Delhi airport-bound flights due to low visibility on December 24-25 and December 27-28. Key Points
Economic TimesSuzlon Energy, Tanla Platform among 8 Nifty smallcap stocks that surged over 100% from their 52-week low
Nifty Smallcap100 stocks show significant recoveries from their 52-week lows, including KEI Industries, Raymond, Cyient, Tanla Platforms, Jindal Stainless, RBL Bank, Kalyan Jewellers, and Suzlon Energy. The recoveries are a testament to the companies' resilience and growth potential, reflecting market participants' renewed confidence in their future prospects. Key Points
Economic TimesHigh and Low: What we know so far about Spike Lee-directed reimagination of Akira Kurosawa's classic thril
Jeffrey Wright has recently joined the cast of High and Low, a re-imagination of Akira Kurosawa's classic 1963 thriller film with the same name. The film also stars Denzel Washington in a pivotal role. Key Points
Economic TimesDow Jones drops to near one-month low as Treasury yields hurt megacaps after retail sales data
At 9:54 a.m. ET, the Dow Jones Industrial Average was down 110.22 points, or 0.30%, at 37,250.90, the S&P 500 was down 36.50 points, or 0.77%, at 4,729.48, and the Nasdaq Composite was down 210.44 points, or 1.41%, at 14,733.90. Key Points
Economic TimesStocks edge up, dollar eases before long holiday weekend
By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes mostly rose while the U.S. dollar dipped to a near five-month low on Friday ahead of the long holiday weekend, with Key Points
ThePrint
India’s November manufacturing PMI rises to 56.0 from 55.5 in October
The findings were positive for Asia's third-largest economy, which grew a surprisingly strong 7.6% last quarter, slightly slower than the 7.8% growth seen in the April-June quarter but remaining on track to be the fastest growing major economy this fiscal year. Key Points
Business TodayIndia’s manufacturing sector activity falls to 8-month low in Oct on softer rise in new orders: PMI
The seasonally adjusted S&P Global India Manufacturing Purchasing Manager’s Index (PMI) slipped from 57.5 in September to 55.5 in October, the slowest rate of expansion since February. Manufacturing activities in India decelerated in October as new orders increased at the slowest pace in a year, triggering a softer rise in output and employment, a monthly survey said on Wednesday. Key Points
The Tribune IndiaAsian shares track US futures higher, bonds hold gains
By Stella Qiu SYDNEY (Reuters) - Asian shares tracked Wall Street futures higher on Friday as Amazon provided some welcome earnings relief, while bonds were able to sustain a rally amid signs U.S. Key Points
ThePrintYen gets some relief as dollar pulls back overnight
By Brigid Riley TOKYO (Reuters) - The yen got some much needed relief as the dollar and U.S. Treasury yields both steadied slightly lower on Thursday after mixed U.S. economic data overnight had Key Points
ThePrintPakistan rupee falls all-time low against US dollar amid economic crisis
The local unit, in the interbank market, closed at 287.29 against the US dollar, 0.78 per cent or ₹2.25, down from Monday’s close of 285.04, Geo News reported. Key Points
mint
Why Nifty crashed 270 pts today? Sensex tanks 900 pts, Bank Nifty falls below 38950
Nifty, Sensex, Bank Nifty crash today: On Monday, the NSE Nifty 50 touched an intraday low of 16828.35, falling 1.58% or 271.7 pts from the previous close of 17100.05. The BSE Sensex crashed over 900 pts or 1.56%, hitting an intraday low of 57,084.91. Bank Nifty tanked 650 pts or 1.65% to a low of 38941.9. Key Points
FinancialexpressMarico Q3 Update: Revenue drops even as volumes grow in low single-digit
Towards the end of the December quarter, Marico initiated significant steps towards improving the ROI of its general trade channel partners while structurally re-igniting growth in the channel. This included a primary stock correction for its channel partners. Key Points
Economic TimesRupee settles 1 paisa higher at 83.37 against US dollar
Mumbai, Dec 5 (PTI) The rupee recovered from all-time low levels to settle up by 1 paisa at 83.37 against the US dollar in a restricted trade on Tuesday amid a stronger American currency in overseas markets and disappointing services sector data. Forex traders said the rupee traded in a narrow range as positive domestic […] Key Points
ThePrintJapan PM Fumio Kishida 'to sack deputy finance minister' over delinquency on tax payments
Report of Kenji Kanda’s firing comes in the backdrop of poll by broadcaster FNN which shows approval rating for Kishida’s cabinet reaching a record low of 27.8%, 7.8 points below last month. Key Points
ThePrintKerala blast was IED explosion. Traces of ammonium nitrate, timer & battery found
The blast has claimed 1 life, seriously injured 2 others and 20 others have been taken for immediate treatment. Sources say low intensity blast set flammable material in hall on fire. Key Points
ThePrint
Foreign holdings in Reliance rises from six-year low on spinoff
Foreign ownership in billionaire Mukesh Ambanis company rose to 22.55% in the three-months ended June after dipping to the lowest level since 2017 earlier this year, according to the latest shareholding filed by the firm on Thursday. A recent special session that saw Jio Financial Services Ltd. valued at about $20 billion also helped sentiment in Reliance, which has risen more than 26% from a low in March. Key Points
Economic TimesIndia's manufacturing activity ticks higher as input inflation falls to 40-mth low: PMI
India's manufacturing sector experienced a moderate improvement in November, with the S&P Manufacturing PMI reaching 56, up from October's eight-month low of 55.5. While domestic demand remained robust, international demand weakened, resulting in new export orders reaching a five-month low. Business sentiment also reflected concerns about potential price increases in the near term. Key Points
Economic TimesYen, Swiss franc near highs amid US slowdown fears; sterling swoons
By Kevin Buckland TOKYO (Reuters) -The safe-haven Japanese yen and Swiss franc traded near multi-month highs against the dollar on Friday after an unexpected slump in U.S. manufacturing fuelled fears Key Points
ThePrintJujutsu Kaisen spoilers: Special message for anime fans. Details here
Jujutsu Kaisen spoilers often provide inside information about the upcoming episode of this popular anime. Now, fans are urged to stop share leaked information. Key Points
Economic TimesIndian equity market’s dream run is up against PSUs with low-floating stocks. Regulation is key
Millions of new retail investors have entered the Indian equity market. This deepening equity cult needs to be nurtured by practices that lead to long-term wealth creation in the economy. Key Points
ThePrint
India’s manufacturing growth rises in November, maintains strong momentum
The PMI rose to 56.0, indicating a robust expansion and maintaining a positive trend for nearly two and a half years, with a reading above the 50-mark separating expansion from contraction. Key Points
India TodayChinese airline sells tickets for $1.30 due to glitch, allows passengers to fly
China Southern Airlines confirmed that it will honour the tickets sold at prices as low as $1.30 during a technical glitch on its mobile application and ticket-booking platforms. Key Points
India TodayRupee falls to lifetime low, notches weekly decline
The rupee hit its record low of 83.42 during the session after breaching its previous alltime low of 83.2950 which was hit on Nov. 1. Key Points
Economic TimesRupee hits all-time low of 83.30 amid weakness in Asian currencies
The rupee, represented as INR, touched an all-time low of 83.3050 in relation to the dollar, marking a drop from its previous level of 83.2800. Key Points
India TodayDollar edges up as US economic growth accelerates
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar was modestly higher against a basket of currencies on Thursday after data showed the U.S. economy grew at its fastest pace in nearly two years Key Points
ThePrint/cloudfront-us-east-2.images.arcpublishing.com/reuters/XBWLEKZZSVNRVCIZ5BIX5YGC7I.jpg)
India rupee to struggle on US yield concerns; odds of record low seen rising
The Indian rupee is expected to be under pressure on Thursday after long-maturity U.S. Treasury yields climbed to multi-year highs on expectations that rates will remain high for long. Key Points
ReutersRupee falls 2 paise to close at all-time low of 83.10 against US dollar
At the interbank foreign exchange, the domestic unit opened at 83.10 against the dollar, and it finally ended the day at the same level 83.10 (provisional), registering a fall of 2 paise from its previous close. Key Points
Economic TimesEV vs other cars: Are electric vehicles still worth the cost?
There isnt much of a resale market for EVs in India now. If you want to sell your car after a few years, you will not get many buyers, forcing you to sell at a low rate. Key Points
Economic TimesAsian shares, US futures rise on debt ceiling deal
After weeks of negotiations, congressional Republican McCarthy and Biden forged an agreement late on Saturday to avert an economically destabilising default to suspend the $31.4 trillion debt ceiling until 2025. Key Points
FinancialexpressEli Lilly to sell low blood sugar drug to Amphastar for around $1 billion
Amphastar Pharmaceuticals will buy Baqsimi from Eli Lilly and Co in a deal worth up to $1.08 billion as it aims to boost its portfolio of low blood sugar drugs, the two companies said on Monday. Key Points
Reuters
SVB impact: Sensex slumps 897 pts, Nifty ends near 17,150; PSBs worst hit
CLOSING BELL: The Sensex and Nifty hit fresh calendar year lows in trades on Monday amid the broad-based sell-off. Reliance Industries registered 52-week low. Key Points
Business StandardIn South Korea, world's lowest fertility rate plunges again in 2023
The average number of expected babies for a South Korean woman during her reproductive life fell to a record low of 0.72 from 0.78 in 2022 | World News Key Points
Hindustan TimesRupee falls 2 paise to hit all-time low of 83.71 against US dollar
Mumbai, Jul 24 (PTI) The rupee depreciated 2 paise to hit its all-time closing low of 83.71 against the US dollar on Wednesday, weighed down by a strong dollar against major crosses overseas amid investors’ weak appetite for riskier assets. Forex traders said the increase in capital gains tax and removal of indexation benefits announced […] Key Points
ThePrintDGCA issues show cause notices to AI, SpiceJet for fog-related flight diversions at Delhi airport
The Delhi Airports Authority (DGCA) has issued show cause notices to Air India and SpiceJet for not deploying pilots trained to operate in low visibility conditions. The notices were issued following flight diversions due to dense fog at the airport in December. The airport experienced nearly 60 flights diverted due to the fog, with most of them diverted due to pilots not being trained to operate in low visibility conditions. Key Points
Economic TimesWhy a $1.5 trillion source of corporate financing is choking on higher rates
A financial stream that helped fund the world's riskiest companies and grew into a market estimated at $1.5 trillion in the low interest rate years is drying up, as aggressive rate hikes bring tougher borrowing conditions and uncertainty. Key Points
Reuters
Investors lose ₹4.38 lakh cr in bear market: 217 stocks hit fresh 52-week low; RIL, Nazara, PVR, Biocon in list
As per BSE data, on Monday, the listed companies' market cap in total stood at over ₹258.56 lakh crore. This is lower by over ₹4.38 lakh crore compared to the previous day's print of ₹262.94 lakh crore. Key Points
mintIndian rupee drops to lifetime low on outflow worries
Rupee opened at 83.78 to US dollar compared to previous close of 83.75. Selloff in US & Asian equities following disappointing jobs report spurred worries of foreign outflows from India. Key Points
ThePrint