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 India men's cricket will be playing three ODIs against Afghanistan in March 2022, Afghanistan Cricket Board (ACB) announced on Monday. India men's cricket will be playing three ODIs against Afghanistan in March 2022, Afghanistan Cricket Board (ACB) announced on Monday. According to the Future Tour Program (FTP) for 2022-23, a total number of 11 ODI, four T20I and two test series have been included in the Afghanistan schedule for the upcoming two years. Apart from the series against India, Afghanistan will be squaring off against Netherlands, Zimbabwe, Australia, Ireland in 2022. These series are scheduled on a home and away basis, among which Afghanistan will play 18 home and 34 away matches, apart from participating in the Asia Cup 2022, ICC T20 World Cup 2022, the Asia Cup 2023 and the ICC Cricket World Cup 2023. "Out of the 52 matches included in Afghanistan's schedule from 2022 to 2023, there will be 37 ODIs, 12 T20Is and 3 tests. Consider...

 During the mission, the full range capability of the missile was successfully demonstrated. India successfully launched Supersonic Missile Assisted Torpedo System (SMAT) from Abdul Kalam island, formerly known as Wheeler Island, off the Odisha coast, the Defence Research and Development Organisation (DRDO) said. During the mission, the full range capability of the missile was successfully demonstrated. The system has been designed to enhance anti-submarine warfare capability far beyond the conventional range of the torpedo, the DRDO said. This was a textbook launch, where the entire trajectory was monitored by the electro optic telemetry system, various range radars, including the down range instrumentation and down range ships. The missile carried a torpedo, parachute delivery system and release mechanisms, said the DRDO statement.

 Apple has started rolling out an iOS 15.2 update with new features and fixes as the first major update to iPhone software since iOS 15.1 in October. iOS and iPadOS 15 introduced the Record App Activity feature in the privacy settings, allowing people to save a summary of sensor, data, and Internet access by apps on their device. "In iOS and iPadOS 15.2, this activity is presented in Settings in a new UI called App Privacy Report. This is a great opportunity to review the app's sensor, data, and Internet usage," the company said in a statement. Auto Call can now be set up to use one of two methods for initiating an emergency call: holding the side button together with a volume button, or rapidly pressing the side button multiple times. Both methods now show a longer, 8-second countdown before placing an emergency call. With Legacy Contacts, one can set a trusted person to be able to access your Apple ID after you die. The person that you designate as ...

 Apple Inc said it had launched an Android app to help users scan nearby AirTags or other similar item trackers that might be traveling with them without their knowledge, in an effort to boost privacy Apple Inc said on Monday it had launched an Android app to help users scan nearby AirTags or other similar item trackers that might be traveling with them without their knowledge, in an effort to boost privacy. The Tracker Detect app, which Apple released on Google's Play Store, says that a user can scan to try to find AirTags or compatible devices if they believed someone is using it to track their location. AirTags are small devices that can be attached to items such as keys and wallets to locate them when they are lost. Apple said the app enables Android users to proactively scan for item trackers that are no longer with their owner. If such a tracker has been moving with the user for more than 10 minutes, the app will help locate it by playing a sound and prov...

What technology benefits more than 3 Billion people for 80% of their waking hours every single day? Web 2.0. Technology News : Web 2.0, begat as such by O'Reilly and others somewhere in the range of 1999 and 2004, moved the world on from static work area pages intended for data utilization and served from costly servers to intelligent encounters and client produced content that brought us Uber, Airbnb, Facebook and Instagram. The ascent of Web 2.0 was to a great extent driven by three center layers of development: portable, social and cloud. With the launch of the iPhone in 2007, mobile internet access drastically broadened both the user-base and the usage of the Web: we moved from dialing up to the internet a few hours a day at home at our desktops to an “always connected” state — the web browser, mobile apps, and personal notifications were now in everyone’s pocket. Until Friendster, MySpace, and afterward Facebook in 2004, the Internet was a to a great extent dull and mysterious...

  Puneet Wadhwa talks to Marc Faber, editor and publisher of 'The Gloom, Boom & Doom Report' on how investors should approach the markets next year and his investment strategies Q: It has been all boom in the global equity markets for the most part of 2021 . Will they perform with the same enthusiasm in 2022 as well? -Enthusiasm of investors will not vanish overnight; in India it will stay high for a while -Indian economy still expanding despite headwinds; can outperform the world -Globally, we need a market correction -Too much optimism among investors, especially those who do not have experience Q: Equities, commodities, cryptos, inflation – everything is on a rise. Will it all end badly for the investors in a year or two from now ? -Value stocks have underperformed across the globe -FANG, FANG-related stocks, stocks like Tesla and semiconductor stocks did well in the US -Market and hedge fund favourite will underperform; money will shift to valu...

 You must have heard about long and short positions in the market. Do you know what exactly these terms mean? And how different are they from each other? In the market, if you own shares of a company and expect it to rise, it is considered a long position. But if you are bearish about their future and sell them even before they are transferred in your name, it is called a short position. Typically, when an investor shorts a stock, he borrows the share in a margin account from a brokerage firm and sells them. Having said that, long and short positions are mostly related to the derivatives or Futures & Options segment, where the trading happens in the present for future delivery of shares. So, your trade in the F&O segment is accordingly termed as long or short. When you as a trader buy a future contract of any index or stock in anticipation of a price rise in the future, you are said to have built a long position. On the other hand, when you as a...

  The company has entered into JV with FRIWO AG Germany to manufacture and supply various EV components in the Indian subcontinent with a planned capex of Rs 390 crore in the next six years. Shares of Minda Industries rallied 8 per cent to Rs 1,019, hitting a new 52-week high on the BSE in Monday's intra-day trade, after the auto anciallary company announced a fresh round of capex and investment spends. The auto components maker announced last Friday that it has entered into a joint venture (JV) agreement with FRIWO AG Germany to manufacture and supply various electric vehicle components in the Indian subcontinent with a planned capex of Rs 390 crore in the next six years. At 09:25 am, the stock was up 6 per cent at 1,005, as compared to a 0.53-per cent rise in the S&P BSE Sensex. A combined around 650,000 shares had changed hands on the NSE and BSE till the time of writing of this report. "Minda Industries, the flagship company of UNO Minda Group, and FRI...

  The stock was listed at Rs 760, a 68 per cent over its issue price of Rs 453 per share on the National Stock Exchange. Tega Industries has made a stellar stock market debut, with its equity shares listed at Rs 760, a 68 per cent premium over its issue price of Rs 453 per share on the National Stock Exchange (NSE). On the BSE, the stock opened at Rs 753, a 66 per cent higher versus its issue price, the exchange data showed. Post listing, the stock hit high of Rs 765 and a low of Rs 721 on the BSE. At 10:01 am; the stock was traded at Rs 751.80, a 66 per cent higher against issue price. A combined 4.1 million shares changed hands at the counter on the NSE. Initial public offering (IPO) of Tega Industries had received a robust response from the all category investors with demand for shares exceeding those on offer by a whopping 219 times. Tega was the sixth most subscribed IPO in India, and it had received the third highest subscription this year after Latent Vi...

 On November 30, 2021, BASL announced that the CARE Ratings reaffirmed the credit ratings for the credit facilities availed by the company from bankers Shares of Bannari Amman Sugars (BASL) continued their northward movement, hitting a new high of Rs 2,850. The stock has so far rallied 17 percent on the BSE in Monday’s intra-day trade and was quoting higher for the fifth straight trading day, zooming 35 percent in one week. In comparison, the S&P BSE Sensex has risen 4.3 percent during the period. On November 30, 2021, BASL announced that the CARE Ratings reaffirmed the credit ratings for the credit facilities availed by the company from bankers. The ratings assigned to the bank facilities of BASL continue to factor in the well-established and long track record of the company in the sugar industry, integrated nature of operations with income from distilleries and power including income derived from the granite business, CARE Ratings said in rationale. BASL...

  The rates of gold remained unchanged on Friday while the price of silver decreased by Rs 300 per kg. The price of 10 gram of gold remained unchanged on Friday, with 24-carat of it trading at Rs 47,840 and 22-carat at Rs 46,840. The price of 1 kg of silver decreased by Rs 300, trading at Rs 61,600 this morning. In Delhi, the price of 24-carat gold stands at Rs 51,390, while in Mumbai it is at Rs 47,840, according to the Goodreturns website. The price of 10 gram of 22-carat gold in Delhi and Mumbai is at Rs 47,100 and Rs 46,840, respectively. In Chennai, 10 gram of 24-carat gold is selling at Rs 49,250 on Friday, while 10 gram of 22-carat gold is selling at Rs 45,140. In Kolkata, 24-carat gold is selling at Rs 49,800, while 22-carat gold's price is at Rs 47,100, as per the Goodreturns website. The price of gold varies across the country due to excise duty, state taxes, and making charges. In Chennai, the price of 1 kg of silver is at Rs 65,500 o...

  Last month, Vodafone Idea hiked tariffs to improve its financials. But analysts continue to be wary of the telecom player. What is worrying them? What is the road ahead for the stock? Let's find out India’s third largest telecom player, Vodafone Idea, has been in the news for quite some time now, for all the right reasons. Starting from the government’s relief package in September to tariff hikes in November, the debt-laden telco seems to be getting its act together. Now, according to a Business Standard report, the company has managed to raise funds for interest payment to its bondholders due on December 13. Reacting to the report, shares of the company zoomed 16.5 per cent intra-day to hit a fresh 52-week high of Rs 16.6 per share. This was also the share’s highest level since May 2019. So, do these developments signal at a change of fate for Vodafone Idea? Not really, feel analysts. According to Balaji Subramanian, telecom sector expert at... read more

  The risk reward ratio for CEAT looks highly lucrative at current levels to go long for a bounce. BUY DABUR | TARGET: Rs 605 | STOP LOSS: Rs 565 A couple of sessions back; the stock of DABUR confirmed a breakdown from the bearish Head and Shoulder pattern at the level of 570. The after it found support exactly at the placement of 200 DEMA and 200 DSMA. From there the stock has reversed and indicates possibility of failure of HnS pattern. Generally in such scenario; stock undergoes a faster rally on the upside. Hence, Traders are advised to buy the stock near 580 with a stop loss of 565 for the upside potential target of 605 in 2 – 3 weeks. BUY CEAT | TARGET: Rs 1,250 | STOP LOSS: Rs 1,110 Since the month of Oct 2021 the stock CEAT has been in a corrective mode and entered oversold zone in smaller time frames. During the process it has found support at the placement of 200 DEMA and 200 DSMA on the weekly time frame which is a very strong support. The risk r...

  The stock listed at Rs 845, 6 per cent below its issue price of Rs 900 per share on the National Stock Exchange Star Health and Allied Insurance Company (Star Health) made a weak stock market debut with its equity shares getting listed at Rs 845, a 6 per cent discount to its issue price of Rs 900 per share on the National Stock Exchange (NSE). On the BSE, the stock opened at Rs 848.80, the exchange data shows. Ace investor Rakesh Jhunjhunwala is a promoter of Star Health, which is India's first and largest private standalone health insurance company. At 10:01 am, the stock was trading at Rs 875.20, after hitting a high of Rs 899 on the BSE in the intra-day trade. On the downside, it hit a low of Rs 827.50 intra-day. On the NSE, the stock hit a high of Rs 895 and a low of Rs 828. A combined 2.6 million shares had changed hands on the NSE and BSE till the time of writing of this report. Star Health, the largest private-sector health insurance company, got poor...

  Bajaj Electricals is currently engaged in the consumer product (CP) segment and engineering procurement and construction segment (EPC) segment Shares of Bajaj Electricals surged 11 percent to Rs 1,159.95 on the BSE in Friday’s intra-day trade after the household appliances company announced that its board approved business restructuring. At 10:36 am, Bajaj Electricals was up 8 percent at Rs 1,134 on the BSE. In comparison, the S&P BSE Sensex was down 0.31 percent at 58,624. The stock had hit a 52-week high of Rs 1,588.55 on September 17, 2021. The trading volumes at the counter jumped over five-fold with a combined around 1.4 million equity shares changing hands on the NSE and BSE. “The board of directors of the company, at its meeting held on December 9, 2021, has authorized some of the directors and officials of the company to review the corporate structure of the company to unlock growth and value creation for all business segments (restructuring),” Baja...

 Better.com CEO Vishal Garg fired 900 people last week via a Zoom call The chief executive of Better.com apologized for his manner of handling layoffs at the mortgage company after a video of him firing 900 people last week via a Zoom call went viral on social media. Vishal Garg, who has come under intense criticism after the SoftBank-backed company laid off about 9% of its workforce through the video call, said he had "blundered the execution" of communicating the layoffs. "I realize that the way I communicated this news made a difficult situation worse," Garg said in a letter https://bit.ly/31DnBAt dated Tuesday. The CEO had cited the market, performance and productivity as reasons behind the decision to lay off employees in the United States and India. Better.com said in May it would go public through a merger with blank-check firm Aurora Acquisition Corp, in a deal that valued it at $7.7 billion. Earlier this month, the terms were am...

  UN Secretary-General Antonio Guterres mourned the demise of India's first Chief of Defence Staff General Bipin Rawat in a helicopter crash in Tamil Nadu. UN Secretary-General Antnio Guterres on Wednesday mourned the demise of India's first Chief of Defence Staff General Bipin Rawat in a helicopter crash in Tamil Nadu. Gen Rawat, his wife Madhulika and 11 other armed forces personnel died on Wednesday after the military helicopter they were travelling in crashed near Coonoor in Tamil Nadu, the Indian Air Force said. The Secretary General is deeply saddened by the death of General Bipin Rawat, Chief of Defence Staff of the Indian Armed Forces as well as his spouse and 11 other people in a helicopter crash. He expresses his heartfelt condolences to the families of the deceased and to the people and Government of India, his spokesperson Stphane Dujarric told reporters in... read full article

 Union Home Minister Amit Shah on Wednesday expressed his condolences over the demise of Chief of Defence Staff, General Bipin Rawat Union Home Minister Amit Shah on Wednesday expressed his condolences over the demise of Chief of Defence Staff, General Bipin Rawat, who along with his wife was among the 13 persons who were killed after an IAF chopper they were travelling in crashed near Coonoor in Tamil Nadu. Taking to twitter, Shah said, "A very sad day for the nation as we have lost our Chief of Defence Staff, General Bipin Rawat Ji, in a very tragic accident. He was one of the bravest soldiers, who served the Motherland with utmost devotion. His exemplary contributions and commitment cannot be put into words. I am deeply pained." In another tweet, he said: "I also express my deepest condolences on the sad demise of Smt. Madhulika Rawat and 11 other Armed Forces personnel. My thoughts and prayers are with the bereaved families. May God give them the... ...

  Rawat served the United Nations with distinction and his work was fully appreciated, he said UN Secretary-General Antonio Guterres is deeply saddened by the death of General Bipin Rawat and expressed his heartfelt condolences on Wednesday to the families of the deceased in the helicopter crash in the Nilgiri Hills. Guterres expressed his heartfelt condolences to the families of the deceased and to the people and government of India, said Stephane Dujarric, spokesman for the UN chief, reported Xinhua. Rawat served the United Nations with distinction and his work was fully appreciated, he said. He was brigade commander of the North Kivu Brigade of the UN peacekeeping mission in the Democratic Republic of the Congo in... read more

 Rawat and his entourage had flown in the morning in an Embraer Legacy jet from Delhi to Sulur Air Force Base, near Coimbatore The country’s most senior serving soldier, Chief of Defence Staff (CDS) General Bipin Rawat , was killed in a helicopter crash in the Nilgiris district of Tamil Nadu on Wednesday, when he was flying to give a lecture at the Defence Services Staff College (DSSC) in Wellington. With him in an Indian Air Force (IAF) Mi-17V-5 helicopter were his wife, Madhulika Rawat, and 11 other armed forces personnel. The only survivor was the pilot, Group Captain Varun Singh, who is battling for his life in Military Hospital Wellington. Paying tributes to General Rawat, Prime Minister Narendra Modi said he was “an outstanding soldier” and “a true patriot” who greatly contributed to modernising India's armed forces and security apparatus. “As India’s first CDS, General Rawat worked on... read more

  The fresh infections have taken the number of active cases in the state to 198 Eight more people have tested positive for COVID-19 in Sikkim in the last 24 hours, taking the Himalayan state's virus tally to 32,382, a Health Department bulletin said. The COVID-19 death toll of the state stood at 405 as no fatality was reported in the past 24 hours, the bulletin said. The fresh infections have taken the number of active cases to 198, while 341 others have migrated to other states and 31,438 persons have recovered from the disease. East Sikkim has so far registered the highest number of cases at 18,031 followed by 7,133 in South Sikkim, 6,205 in West Sikkim, and 671 in North Sikkim. The state has so far tested 2,72,855 samples for COVID-19. Sikkim's Covid-19 daily positivity rate stood 2.3 per cent, while the daily recovery ratio remained at 98.1 per cent.

  The death toll due to the viral infection remained unchanged at 10,095 Gujarat recorded 61 new cases of coronavirus infection in the last 24 hours which took the tally of cases in the state to 8,27,806, the state health department said on Tuesday evening. The death toll due to the viral infection remained unchanged at 10,095 with no death reported during the day. The tally of recoveries went up to 8,17,339 with 39 persons getting discharged from hospitals. Of 372 active cases, nine patients are on ventilator while 363 are stable. As many as 8.35 crore doses of coronavirus vaccines have been administered in the state so far, including 3.82 lakh given during the day. No new cases of COVID-19 were registered in the... read more

  The number of active cases currently in the state is 1,218 The number of fresh  coronavirus  infections in Assam declined to 150 on Tuesday as against 182 on the previous day, a National Health Mission (NHM) bulletin said. The new cases were detected from 22,239 samples, less than 36,201 clinical examinations conducted on Monday. The bulletin said the positivity rate dipped from 0.50 per cent on Monday to 0.45 per cent during the day. The number of active cases currently in the state is 1,218 as against 1,197 on Monday. One COVID-19 patient in Darrang died during the day, taking the... read more

  Kolkata and North 24 Parganas accounted for 258 fresh cases West Bengal on Tuesday reported 507 new COVID-19 cases, 42 more than the previous day, with the tally rising to 16,20,229, a health department bulletin said. Kolkata and North 24 Parganas accounted for 258 fresh cases, it added. Nine new fatalities due to the infection raised the death toll to 19,562, it said. North 24 Parganas accounted for four fresh COVID deaths while two were reported in Kolkata, and one each in South 24 Parganas, Hooghly and Dakshin Dinajpur districts, the bulletin said. At least 512 more people were cured of the disease in the last 24 hours, taking the total number of recoveries to 15,93,091. The discharge rate stood at... read more

 At least 182 students reside in the hostel of the residential school. Nine girls of a government residential school in Odisha's Jajpur district tested positive for COVID-19 on Tuesday, an official said. Some students of the Kasturba Girls' High School at Dasarathpur block developed symptoms of the infection, following which their swab samples were collected and sent for testing, he said. "Test results of nine students were positive and they have been placed in isolation," the school authorities said. As a precautionary measure, all the students and staffers of... read more

 Twitter on Thursday cut down what it called 'state-backed information operations' Ask a Twitter jock and youll hear metrics like "engagement" and "quality". Dig deeper and it comes down to the crude number of follows. "Oh, she has just xyz follows (and they are bots), I have a thousand more" might be the predictable metric. Enter bots, fake accounts and an entire industry of troll farms. So, when Twitter Thursday cut down what it called "state-backed information operations" gloom descended on the types who start their morning checking follower count. Twitter's explanation was blunt and didn't involve the thriving bot industry in India, but six other countries. "We first published comprehensive, public archive of data related to state-backed information operations three years ago. We've made improvements, and iterated on our... read more

 India can lead the Digital Society and become a global leader in its own right, said Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited (RIL) India can lead the Digital Society and become a global leader in its own right, said Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited (RIL). Speaking at the InFinity Forum on Friday, Ambani said, "This is just the beginning of what is going to be even more incredible, even more exciting, and even more beneficial. The world is going to be transformed by the 'Digital First' Revolution. The physical world will become subordinate to the digital world." "Whatever product or service we desire is being first imagined and designed in the digital space, and then created in the physical space," he said. "What Digital First Revolution achieves in terms of project execution is... read more

The company has launched over half a dozen Galaxy A series smartphones with water resistance already, including the Galaxy A52, A52 5G, A52s 5G, and A72 this year: Report South Korean tech giant Samsung is reportedly planning to launch more water-resistant Galaxy A series mid-range smartphones in 2022. The company has launched over half a dozen Galaxy A series smartphones with water resistance already, including the Galaxy A52, A52 5G, A52s 5G, and A72 this year, reports GSMArena. Samsung will use membrane materials and waterproof silicone to achieve IPxx dust and water resistance on these smartphones. The tech giant has recently launched a new smartphone 'Samsung Galaxy A13 5G' as the company's cheapest 5G device till...read more

 Microsoft is still testing these new Windows 11 changes that make it easier to switch default apps and browsers Microsoft has backtracked on its controversial default browser changes in Windows 11 and will soon allow users of Chrome, Firefox and other browsers to set a default browser with a single button. Reports surfaced in August that Microsoft's upcoming release of Windows 11 will make it harder to switch default browsers. In a latest statement to The Verge, Microsoft said: "In the Windows 11 Insider Preview Build 22509 released to the Dev Channel on Wednesday, we streamlined the ability for a Windows Insider to set the 'default browser' to apps that register for HTTP:, HTTPS:, .HTM, and .HTML". "Through the Windows Insider Programme, you will continue to see us try... read more

  Business Standard lists the five best budget smartphones under Rs 20,000 launched in 2021 A new breed of budget smartphones which hit the market this year were a cut above their previous versions. Earlier seen as smartphones with some compromises, these affordable devices changed the notion by shedding boring designs and by enhancing the performance. A clutch of budget smartphones now boasts of stylish designs, powerful processors, and big capacity batteries. Business Standard lists the five best budget smartphones under Rs 20,000 launched in 2021. Poco M3 This phone from Xiaomi’s spin-off brand tops the chart simply because it ticked all the right boxes. The Poco M3 has a unique design topped with interesting colour schemes, especially the Poco yellow. From design that stands out to smooth performance, capable display, and big capacity battery, the Poco M3 delivered an all-round package. Screen: 6.53-inch fullHD+ Processor: Qualcomm Snapdragon 662 RAM: ...

 A mixed US jobs report did little to shake market expectations of a more aggressive tightening by the Federal Reserve Asian share markets got off to a cautious start on Monday as Omicron emerged in more countries and investors faced a week-long wait for key U.S. inflation figures that could settle the course of interest rates. A mixed U.S. jobs report did little to shake market expectations of a more aggressive tightening by the Federal Reserve and the consumer price report due on Friday was likely to make the case for an early tapering. Omicron remained a concern as the variant spread to about one-third of U.S. states, though there were reports from South Africa that cases there had mild symptoms. [ Early trade was sluggish as MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.2%. Japan's Nikkei eased 0.7%, even as the government considered raising its... read more

 Britain's economy looks set to grow more slowly than previously thought this year and in 2023 due to global supply chain problems Britain 's economy looks set to grow more slowly than previously thought this year and in 2023 due to global supply chain problems and the government must encourage longer-term business investment, an employers group said on Monday. The Confederation of British Industry cut its forecasts for economic growth to 6.9% in 2021 and 5.1% in 2022 from previous estimates of 8.2% and 6.1%. It said the downgrade mostly reflected weaker growth since its last forecasts in June and the supply chain problems that have slowed the recovery from... read more

  With an eye on a critical election in populous Uttar Pradesh state early next year, Modi agreed to rescind the laws in November India's repeal of agriculture laws aimed at deregulating produce markets will starve its vast farm sector of much-needed private investment and saddle the government with budget-sapping subsidies for years, economists said. Late last year, Prime Minister Narendra Modi 's government introduced three laws meant to open up agriculture markets to companies and attract private investment, triggering India's longest-running protest by farmers who said the reforms would allow corporations to exploit them. With an eye on a critical election in populous Uttar Pradesh state early next year, Modi agreed to rescind the laws in November, hoping to smooth relations with the... read more

 The Japanese government is considering raising its economic growth forecast for fiscal 2022 to take into account the effects of its record $490 billion stimulus package TOKYO (Reuters) - The Japanese government is considering raising its economic growth forecast for fiscal 2022 to take into account the effects of its record $490 billion stimulus package, public broadcaster NHK reported on Monday. In a mid-year review in July, the government projected real gross domestic product (GDP) growth of about 2.2% for the fiscal year starting in April 2022. With the spending package aimed at helping businesses and households weather the pain of the COVID-19 pandemic, it now estimates a tailwind of about 5.6% for real GDP from this fiscal year to next, NHK said. Japan has lagged other economies in pulling out of the pandemic-induced slump, forcing policymakers to maintain massive fiscal and monetary support even as other advanced nations dial... read more

  The changes come as Alibaba faces headwinds on multiple fronts, including increased competition, a slowing economy and a regulatory crackdown Alibaba Group Holding Ltd said on Monday it was reorganising its international and domestic e-commerce businesses and would appoint a new chief financial officer. The changes come as Alibaba faces headwinds on multiple fronts, including increased competition, a slowing economy and a regulatory crackdown. The e-commerce giant's Hong Kong-listed shares slid 8% in early morning trade. Alibaba said it would form two new units to house its main e-commerce businesses - international digital commerce and China digital... read more

As per analysts, institutions seem to be on a buying spree for IT, Banks, Capital Goods, and FMCG stocks Market : Foreign funds' continuous flight from Indian equities has led domestic institutions along with retail investors to go in for a buying spree across sectors. Accordingly, the outflow of foreign funds have made valuations of many "quality stocks" attractive again. Taking advantage of the trend, DIIs have pumped in funds worth Rs 40,000 crore since October. On Thursday, they pumped in Rs 1,372.6 crore, whereas the FPIs sold equities worth Rs 909.71 crore. Notably, FPIs have sold more than Rs 68,000 crore till now from October. As per analysts, institutions seem to be on a buying spree for... read full article  

  The Rs 660-crore initial share-sale received bids for 13,600,818 shares against 8,475,000 shares on offer The initial public offer of Anand Rathi Wealth Limited , part of Mumbai-based financial services group Anand Rathi, was fully subscribed on the first day of subscription on Thursday. The Rs 660-crore initial share-sale received bids for 1,36,00,818 shares against 84,75,000 shares on offer, translating into 1.60 times subscription, according to NSE data. The category for Retail Individual Investors (RIIs) received 2.45 times subscription, non-institutional investors portion garnered 1.93 times subscription and Qualified Institutional Buyers (QIBs) 1 per cent. The company's initial public offer is of up to... ipo details

 At present, the company has 586 stores in 134 cities spread across 29 states and union territories in India. Of these, 211 stores were opened in the last three years Footwear retailer Metro Brands Ltd, which is likely to come out with its initial share-sale by the end of the month, will utilise Rs 250 crore from the proceeds towards opening 219 stores in the next two-and-half years, its senior official said on Thursday. At present, the company has 586 stores in 134 cities spread across 29 states and union territories in India. Of these, 211 stores were opened in the last three years. It opened its first store under the Metro brand in Mumbai in 1955 and have since evolved into a one-stop-shop for all footwear needs, by retailing a wide range of branded products for the entire family including men, women, unisex, and kids, and for every... read more

  His resignation is to be effective from December 31, 2021 Dhanlaxmi Bank on Thursday said its Part-Time Chairman G Subramonia Iyer has resigned, on personal grounds. "G Subramonia Iyer, part-time chairman and independent director of the bank, has submitted his resignation from the board of directors of the bank vide his letter dated December 2, 2021," the bank said in a regulatory filing. His resignation is to be effective from December 31, 2021, it added. "G Subramonia Iyer has informed that he was tendering his resignation owing to certain urgent and emergent domestic and personal reasons and there were no... read more

  Early indications suggest Omicron may be markedly more contagious than previous variants, though researchers are still seeking to understand its impact Market news : The emergence of Omicron is fueling uncertainty in markets, as investors await information about the heavily mutated coronavirus variant and gauge how badly it could damage the global recovery. Early indications suggest Omicron may be markedly more contagious than previous variants, though researchers are still seeking to understand its impact. In the meantime, volatility across asset markets has soared, with a recent hawkish turn from the Federal Reserve contributing to the... read more

 Total outstanding borrowings from banks/financial institutions are Rs 1,194 crore Reliance Power (RPower) has defaulted on payment of interest worth Rs 1.17 crore to DBS Bank India and Rs 44 lakh to IDBI Bank. It failed to pay up interest on October 30, 2021. The firm, part of the Anil Ambani-promoted Reliance group, in filing with BSE, said it has term loans and working capital arrangements with three lenders — YES Bank, IDBI Bank and DBS. Its stock closed 1.41 per cent lower at Rs 12.6 per share on the BSE. About exposure of YES Bank, there is a ‘standstill’ applicable till December 26, 2021. IDBI Bank extended working capital facility and total principal amount is Rs 42 crore. The credit is secured with an interest rate of 12.5 per cent. DBS exposure is in the nature of a secured term loan of Rs 113 crore with a tenure of eight years. It carries an interest rate of 13 per cent. Total outstanding borrowings from banks/financial institutions are Rs 1,194 crore. ...

  Popular is set to be the first Indian auto dealership in a highly fragmented market to list Market news : Popular Vehicles & Services, India's biggest auto dealer, is planning a $100 million listing next year, a source with direct knowledge of the matter said. Papers filed in August with India's markets regulator seeking approval for its listing show the dealer plans to raise $20 million by issuing new shares. Those funds have been earmarked to acquire smaller cash-strapped dealers in India and expand Popular's repairs and services business, Naveen Philip, a shareholder and member of Popular's founding family, told Reuters. The rest of the IPO will consist of Indian private equity fund BanyanTree Growth Capital cashing out by... read more

E-commerce giant Amazon also is among the fastest as it went public in just three years. HDFC Bank is the fastest among 100 global companies to have gone public. The gap between its incorporation and listing was less than a year, shows a study done by Tide, a UK-based financial platform. The second quickest was Chinese beverage firm Kweichow Moutai, which took two years to launch an IPO. E-commerce giant Amazon also is among the fastest as it went public in just three years. Meanwhile, the slowest was luxury goods firm Hermès, founded in 1837 and listed 162 years later. The other Indian firms in the top 100 global list are... know more

Brent crude futures for February were up $2.08, or 3%, at $71.31 a barrel at 1445 GMT.   Oil prices rallied on Wednesday after recent sharp drops as major producers started to discuss future output against the backdrop of a new coronavirus variant triggering fresh travel restrictions that could dampen oil demand. Equity markets , which often move in tandem with oil prices, also rebounded as investors bought the previous session's dip in the hope the Omicron variant would not derail an economic recovery. Brent crude futures for February were up $2.08, or 3%, at $71.31 a barrel at 1445 GMT. U.S. West Texas Intermediate (WTI) crude futures rose $2.06, or 3.1%, to $68.24 a barrel. Both contracts retraced some of their gains after an... read more

 The price of 10 gram of gold remained unchanged on Thursday while the rate of 1 kg of silver decreased by Rs 200 Market news : The price of 10 gram of gold remained unchanged on Thursday: 24-carat is trading at Rs 48,120 and 22-carat at Rs 47,120. The price of 1 kg of silver decreased by Rs 200 with the precious metal trading at Rs 61,700 on Thursday. In Delhi, the rate of 24-carat gold stands at Rs 51,000, while in Mumbai the yellow metal's price is at Rs 48,120, according to the Goodreturns website. The price of 10 gram of 22-carat gold in Delhi and Mumbai is at Rs 46,750 and Rs 47,120, respectively. In Chennai, 10 gram of 24-carat gold is selling at... Read more