Friday, Aug 12, 2022 | Last Update : 02:55 AM IST
Columns
Nitish Kumar is the last of the politically active and physically robust survivors of the Mandal versus Kamandal war of the 1990s
The Indian army is arguably one of the most diverse, versatile and inclusive combat forces on earth
Some blame the over-politicisation of the service in UP, which is making babus avoid working in the state
New Delhi may have to cautiously re-visit its modulated approach to the Taliban to check for roadworthiness
Economy
Retail inflation contained at 6.2% despite biggest contraction in economy: Sitharaman
The finance minister stated that the objective of the budget is a stable and sustainable recovery in the economy
After Air India, govt to disinvest BPCL, float LIC IPO by last quarter of FY22
Bharat Petroleum Corporation Ltd (BPCL) is another company that is on the divestment list of the government
RBI cuts growth outlook, interest rate unchanged
Market interest rates will start increasing at a faster pace now which is positive for savers, especially the depositors
5 per cent GST rate may give way for 3%, 8% slabs
Every 1% increase in 5% slab, which mainly includes packaged food items, would roughly yield an additional revenue of ₹50,000 Cr annually
RBI hints at end to low interest regime in June
Central bank may shift its focus to taming inflation
Market
Market enters overbought zone
The domestic economic indicators continue to show recovery from the pandemic
Fuel price hike: Mumbai becomes first metro city to see diesel price cross Rs 100
The price of petrol in Delhi rose to its highest-ever level of Rs 103.84 a litre and Rs 109.83 per litre in Mumbai
Oil prices struggle to hold five-month high amid growing demand fears
Investors remained wary of rising refined product inventories at a time when US bankers said rise in cases was slowing the economic recovery
Markets open in green, Sensex up 400 points; Nifty above 11,500
IndusInd Bank was the top gainer in the Sensex pack, surging around 4 per cent
Companies
Reliance to buy control of Mandarin Oriental New York in $98 mln deal
The closing of the transaction is anticipated by the end of March 2022, the company said
LIC IPO a treat for policyholders
With the LIC IPO coming up, there has been a spurt in opening of demat account recently
Google launches Play Pass in India to offer over 1,000 apps without ads
The Play Pass feature will be rolled out across the country during the week
Paytm Q2 loss widens to Rs 473 crore
Shares of the company closed at Rs 1,781.15 apiece, down by 0.86 per cent on the BSE on Friday
Looking beyond China, Apple plans ramping up production in India: Report
India made 3.1 per cent of the world's iPhones last year, and the proportion is expected to increase to 6 per cent to 7 per cent this year
Autos
Merc drives in compact car
Mercedes-Benz on Friday launched its performance-oriented compact car AMG A 45 S 4MATIC+ priced at Rs 79.50 lakh at pan-India showroom
Auto component industry likely to witness double-digit degrowth in FY21
India exports around 12 percent of the total auto components to economies with reliance on crude oil such as Africa and Latin America
Daimler Q2 loss widens on weak demand
CEO Ola Kallenius said it had worked to preserve cash reserves during a difficult time and was seeing “the first signs of a sales recovery”
Hyundai Mobis develops a foldable steering wheel system for self-driving car
The SBW is a high-tech control system that transmits steering power generated from the steering wheel to wheels through electronic signals
In Other News
NCLAT asks CoC to consider 63 Moons appeal in DHFL resolution
63 Moons said the CoC has to reconsider the provision of Sec 66 of IBC, which mandates that the benefit should go to all the DHFL creditors
Trade pacts junk labour provisions
The ILO Centenary Declaration for the Future of Work (2019) calls for countries to place decent work as a central objective of trade policy
PM Modi to launch RBI’s retail direct scheme
As per the scheme, investors will be able to directly open and maintain their government securities account free of cost
Small LPG cylinder sale via ration shops on anvil
The moves come amidst indications that the Centre is planning to raise LPG prices in the first week of November
Qantas to start first Sydney-Bengaluru flight from September
Qantas will operate four weekly return flights between Kempegowda International Airport and Sydney’s Kingsford Smith International Airport