5 Minutes Read

Dengue death toll in Delhi rises to 9, cases mount to over 2,700

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Over 1,170 fresh cases have been logged in the last one week, according to the civic report on vector-borne diseases released on Monday. Of the over 2,700 dengue cases reported in Delhi this year, 1,171 have been reported this month till November 6. In October, 1,196 cases were reported.

Three more deaths due to dengue have been recorded in Delhi taking the total number of fatalities to nine, while the number of cases of the vector-borne disease has climbed to over 2,700, according to a report released on Monday. This is the highest number of fatalities due to dengue recorded in a year in Delhi since 2017 when the cumulative death count officially reported was 10.

Over 1,170 fresh cases have been logged in the last one week, according to the civic report on vector-borne diseases released on Monday. Of the over 2,700 dengue cases reported in Delhi this year, 1,171 have been reported this month till November 6. In October, 1,196 cases were reported.

Also Read | Dengue outbreak in India: Symptoms, treatment, precautions and a vaccine

The total number of cases this year till October 30 had stood at 1,537, and the official death toll then was six. According to the report, nine deaths and a total of 2,708 dengue cases have been recorded this season till November 6, which is the highest count since 2018 for the same period.

In September this season, 217 cases were logged, the highest count for the month in the last three years.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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 5 Minutes Read

Samir Arora says Helios Capital won’t apply for any IPO in remainder of FY22

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Samir Arora of Helios Capital told CNBC-TV18 his firm wouldn’t apply for an initial public offering in the Indian market for the remainder of FY22.

Samir Arora, Founder and Fund Manager at Helios Capital, said on Monday that his firm would not apply for any initial public offer (IPO) in the Indian market for the remainder of the current financial year.

“Generally, I would think that from today, November 8 (2021), to March 31 (2022), I don’t think I will be buying any more IPOs by looking at the list of names. I am just looking at the current list of things and knowing broadly what they would do,” the veteran fund manager said in an interview to CNBC-TV18.

Speaking on initial public offers in the fintech space, he said: “There are 150 or maybe 250 fintech (companies) all wanting to say that, in which, of course, Paytm is way ahead… We have seen today, in India, there is one problem, that the bottom of the pyramid is hurting like bad.”

Also Read: Infosys still among top five picks, positive on IndusInd Bank: Samir Arora

“My Diwali prediction is that one of the fintech (companies) will blow up before it goes public or maybe more,” warned Arora.

“First it was Spandana; the founder was fired effectively with zero notice. So, by definition, it must be having some problems which are beyond normal. Otherwise, the promoter who owns some 17-18 percent of the company is not fired by private equity in one day. Second, Bandhan Bank…. Suddenly they realised in August or July that there is a problem. And whatever we say even in IndusInd Bank, the problem is coming up in the microfinance. So in some sense, microfinance represents the same,” he said.

Also Read: Paytm IPO subscribed 9% so far on Day 

Watch the video for more.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Satellite images show China built mock-ups of US warships

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The images captured by Colorado-based satellite imagery company Maxar Technologies dated Sunday show the outlines of a US aircraft carrier and at least one destroyer that sits on a railway track.

Satellite images show China has built mock-ups of a US Navy aircraft carrier and destroyer in its northwestern desert, possibly as practice for a future naval clash as tensions rise between the nations.

China has upgraded its military massively in recent years, and its capability and intentions are increasingly concerning to the United States as tensions rise over the South China Sea, Taiwan and military supremacy in the Indo-Pacific.

The images captured by Colorado-based satellite imagery company Maxar Technologies dated Sunday show the outlines of a US aircraft carrier and at least one destroyer that sits on a railway track.

Maxar identified the location of the features as Ruoqiang, a Taklamakan Desert county in the northwestern Xinjiang region.

The independent US Naval Institute said on its website that the mock-ups of US ships were part of a new target range developed by the People’s Liberation Army.

Also Read | Indian troops on high alert after China’s Twitter posts threaten military action in Arunachal: Report

It wasn’t clear from the images how many details had been included in the apparent targets, although USNI said it had identified features on the destroyer including its funnels and weapons systems.

China’s massive military upgrade has emphasized countering the US and other countries’ naval forces.

That’s included the development of land, sea and air-launched missiles to deny access and possibly sink opposing vessels, expressed most emphatically by the land-based DF-21D ballistic missile known as the carrier killer.”

Recent months have also seen a substantial increase in Chinese military flights just southwest of Taiwan, the self-governing island republic claimed by Beijing as its own territory and which it threatens to annex by force. Washington provides Taiwan with much of its weaponry and US law requires that it ensures the island can defend itself and to treat threats to it as matters of grave concern.”

The images released by Maxar come amid growing concerns over the possibility of military conflict between the world’s two biggest economies, who are at odds over a litany of political and economic issues.

Most recently, the Pentagon this month issued a report saying China is expanding its nuclear force much faster than US officials predicted just a year ago. That appears designed to enable Beijing to match or surpass US global power by midcentury, the report said.

US defense officials have said they are increasingly wary of China’s intentions, largely with regard to the status of Taiwan.

The PLAs evolving capabilities and concepts continue to strengthen (China’s) ability to fight and win wars against a strong enemy a likely euphemism for the United States, the report said.

China’s navy and coast guard are also boosting their numbers of vessels at a record pace, concentrating them in the South China Sea, the strategic waterway that China claims virtually in its entirety.

While the US Navy remains predominant, its resources are divided between the Indo-Pacific, the Persian Gulf, the Mediterranean and other regions where American interests lie.

China’s test of a hypersonic weapon capable of partially orbiting Earth before reentering the atmosphere and gliding on a maneuverable path to its target also surprised top US military leaders. Beijing insisted it was testing a reusable space vehicle, not a missile, but the weapon systems design is meant to evade US missile defenses.

Gen. Mark Milley, chairman of the Joint Chiefs of Staff, said the test was very close to being a Sputnik moment, akin to the 1957 launching by the Soviet Union of the world’s first space satellite, which fed fears the United States had fallen behind technologically.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Mahindra & Mahindra Q2FY22 preview: Street expects 6.5% revenue growth

Mahindra and Mahindra Share Price, Mahindra and Mahindra share , M&M share, Motilal Oswal on M&M, M&M share price, M&M stock,, M&M shares,

Mahindra & Mahindra is scheduled to report its Q2FY22 earnings on November 9.

CNBC-TV18 poll expects 6.5 percent growth in revenue as the tractor segment was under pressure due to erratic monsoon.

Margins are likely to decline to 12.9 percent versus 17.8 percent on a year-on-year basis, while profit is expected to fall by 5.3 percent.

Watch video for more.

 5 Minutes Read

Gujarat Alkalies Q2FY22: Management says caustic soda price surge to continue; high raw material cost may impact margins

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Gujarat Alkalies & Chemicals reported a revenue growth of 30 percent at Rs 826 crore in Q2FY22. The company had reported revenue of Rs 638 crore in Q2FY21.

Gujarat Alkalies & Chemicals reported revenue growth of 30 percent at Rs 826 crore in Q2FY22. The company had reported revenue of Rs 638 crore in Q2FY21.

EBITDA grew by 37 percent at Rs 143 crore against Rs 105 crore on a year-on-year basis.

In an interview with CNBC-TV18, GS Paliwal, ED of Marketing at Gujarat Alkalies & Chemicals, said caustic soda prices have seen a surge in the last few months and the momentum is expected to continue. He expects the company to perform well in Q3FY22.

However, he said that with the raw material prices rising, there might be some impact on the margin front.

Watch the video for more.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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COP26 key takeaways: From India’s 2070 net-zero target to global methane pledge

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

There were a number of big announcements at the COP26 climate summit in Glasgow as countries set out a roadmap to reducing carbon emissions and combating global warming. Here are key takeaways from the COP26 summit’s first week *India committed to carbon neutrality for the first time by 2070. Prime Minister Narendra Modi also called …

There were a number of big announcements at the COP26 climate summit in Glasgow as countries set out a roadmap to reducing carbon emissions and combating global warming.

Here are key takeaways from the COP26 summit’s first week

*India committed to carbon neutrality for the first time by 2070. Prime Minister Narendra Modi also called for developed nations to step up climate finance efforts and deliver $1 trillion. And, that’s a 1000 times increase on current targets.

*The Glasgow Financial Alliance for net-zero and alliance for financial institutions, with close to one $130 trillion in terms of assets under management (AUM), committed to financing the transition to a low carbon economy and decarbonising its own operations by 2050.

An agreement was reached between 40 nations to phase out coal power generation. However, the world’s top three consumers —USA, India, and China— did not join this agreement.

*More than 90 countries signed the US and European-led global methane pledge. Countries of note include 15 of the world’s top 30 methane emitters. However, omissions included China, Russia, and India.

Also Read: India at COP26 says its solar energy capacity increased 17 times in 7 years; now at 45 GW

*Hundred nations with territorial responsibility of 85 percent of the world’s forests committed to ceasing deforestation.

*The IFRS Accounting Standards Board, that is the international sustainability standards board, announced the formation of a new common language that will be used globally. The board will also assess sustainability-related company disclosures.

*About 43 African countries also relaunched an initiative to attract green capital from international and domestic investors.

*Australia Climate Finance pledged an additional $500 million in climate finance.

Also Read:  Focus turns to climate finance after flurry of COP26 pledges

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Paytm IPO a great event for Softbank: Masayashi Son

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Paytm’s mega Rs 18,300 crore IPO, the largest IPO in the country so far, opened today, with the issue being subscribed 0.12 times as of 3 pm on Day 1.

Softbank CEO Masayashi Son referred to Paytm’s mega IPO that opened on Monday as a “great event” for the Japanese investor.

“Paytm should grow significantly and valuation-wise, it depends on market condition and investor appetite,” Son said during Softbank’s earnings call on Monday.

“I believe that valuation should be bigger than the cost that we spent when we made the investment,” he added.

Softbank has invested over $1.5 billion in Paytm and held a nearly 18 percent stake in the company pre-IPO.

Softbank is seeing several portfolio companies heading to public markets, with Son saying that 18 companies have listed between April and November while 13 have announced IPO filings or SPAC mergers.

Paytm’s mega Rs 18,300 crore IPO, the largest IPO in the country so far, opened today, with the issue being subscribed 0.12 times as of 3 pm on Day 1.

The company has fixed the price band at Rs 2080-Rs 2150 and is expecting a valuation of $20 billion.

The company said it has already raised nearly half of its IPO from its anchor round, which included 122 investors and global names such as Blackrock, Canada Pension Plan Investment Board, and Singapore’s GIC among them.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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Paytm IPO open today; it’s tough to compare valuations with banks, says Group CFO Madhur Deora

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Madhur Deora, President & Group CFO of Paytm, on Monday, said that it’s tough to compare the company’s valuations with banks.

Madhur Deora, President & Group CFO of Paytm, on Monday, said that it’s tough to compare the company’s valuations with banks.

Noida-based One97 Communications ― the parent company of digital payments startup Paytm ― is set to launch a Rs 18,300-crore initial public offering (IPO) on Monday, November 8. Paytm shares will be available for bidding in the price band of Rs 2,080-2,150 under the initial share-sale.

The initial share-sale of Paytm will close for subscription on Wednesday, November 19. The Paytm IPO, if successful, will be the largest in India.

Also Read: Paytm IPO subscribed 9% so far on Day 1

“Valuations are decided by investors. It is harder to value a company like Paytm than a bank or an NBFC or traditional manufacturer or something like that, which is why this anchor process is very helpful for investors to understand whether the bluest of bluechip investor from around the world thinks that this valuation is fair or not,” Deora said.

Also Read: Paytm to launch mega IPO today; should you subscribe?

On business, he said, “We are roughly 40 percent market share of digital payments in the country; maybe that’s a number that I can quote because it was in the prospectus. The other numbers are either available from National Payments Corporation of India (NPCI) website or not available at all, but the important takeaway, the starting point of any research should be that Unified Payments Interface (UPI) is one of the networks and there are multiple ways to make digital payments in the country.”

“It is a common misunderstanding for people to think that UPI market share equals payments market share in India. UPI is one of the networks on which payments happen in India, there are several other networks such as Visa, MasterCard, RuPay,” said Deora.

For the entire management interview, watch the video

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

World food prices at decade highs; here’s why

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Commodity prices have been rising and a similar trend is continuing in international food prices also. For many commodities, the New Year is expected to kick in with opening stocks at multi-year lows.

Commodity prices have been rising over the recent past and a similar trend is being seen in international food prices too.

According to October month data from the Food Organization Global, there has been a 3 per cent price rise in the global food index. This third straight month of food price rise has pitched the index at a decade high. The last time food prices had come this close was in July 2011.

The rise comes on the back of strong demand ― household consumption has been rising. These are festival times, holiday times in the global market; so buying has been strong. Apart from that, the HoReCa (Hotel / Restaurant / Catering) segment also is opening up.

Also Read: Commodity supercycle ahead? Experts decode outlook for Samvat 2078

Adverse weather has been reported in major food grain producing countries; this too has supported prices. As a result, for many commodities, the New Year is expected to kick in with opening stocks at multi-year lows.

Markets are also keeping a watch on the soaring fertiliser prices, and supply chain congestion which continues unabated. Port congestion continues to remain high, and container rates have not come down much. The markets are also reacting to the high cost of energy, and reduced harvest in major producing countries like Russia, Canada, and US. All these are supporting prices.

Also Read: Except mustard oil; edible oil prices drop by Rs 5-20/kg, says Food Secretary

Within the index, a couple of factors draw attention ― one, wheat prices are trading at a seven-year high, and two, edible oil prices ― palm oil prices hit record highs in the previous month.

So, looking at the index numbers, cereals have gained by up by 3.2 percent, vegetable oil index has been a major gainer at nearly 10 percent in the previous month alone, and wheat is trading at around nine-year highs ― wheat gained 5 percent in the previous month and 25 percent in the last three months.

So, there are some concerns now, especially for cereals and grains.

Watch the accompanying video of CNBC-TV18’s Manisha Gupta for more details.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

The Thought League Season 2: Unlocking real value with National Asset Monetisation Pipeline

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

In this episode of The Thought League, Cyril Shroff, Managing Partner of Cyril Amarchand Mangaldas and Amitabh Kant, CEO, NITI Aayog discuss the implications of the National Asset Monetisation Pipeline and its impact on Indian economy

There are many factors that can help drive and sustain India’s ambitious economic growth plans and infrastructure is one of the more important ones. But creating and maintaining infrastructure on such a large scale is equally challenging. With the National Asset Monetisation Pipeline, the government is looking to unlock the potential value of its infrastructure assets with a Rs 6 lakh crore asset monetisation plan.

In the third episode of Season 2 of CNBC-TV18 and Cyril Amarchand Mangaldas present The Thought League, Cyril Shroff, Managing Partner of Cyril Amarchand Mangaldas and Amitabh Kant, CEO, NITI Aayog, discuss the implications of the National Asset Monetisation Pipeline and its impact on Indian economy with CNBC-TV18’s Nisha Poddar. To know more, watch the video.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?