BUSINESS
Not just US, India eyes other markets for honey exports
"We are working in close collaboration with the state governments, farmers, and other stakeholders in the value chain to boost exports to other countries and regions such as the United Kingdom, European Union, and South East Asia," The Agricultural and Processed Food Products Export Development Authority (APEDA) Chairman, Dr M. Angamuthu said.
Demat accounts opening per month rose 7-fold since FY20: SEBI Chairman
He was speaking at the virtual event organised by the National Stock Exchange to celebrate the 25 years of the launch of Nifty50 index and 20 years of Derivatives Trading in India. In FY20, average new demat accounts were at 4 lakh per month, whereas they increased to 12 lakh in FY21. In FY22, till the month of November, it rose to around 29 lakh.
Equities decline in early trade on profit booking
At 9.30 a.m., Sensex traded at 59,818 points, down 0.1 per cent from its previous close of 59,855 points. It opened at 59,921 points. Similarly, Nifty traded at 17,781 points, down 0.1 per cent from the previous close of 17,805 points. It opened at 17,681 points. Among the stocks, Tech Mahindra, HCL Technologies, Avenue Supermarts, Infosys, Interglobe Aviation were some of the top losers during the early trade, exchange data showed.
More than a third of urban Indians oppose the upcoming Cryptocurrency Bill
Just as many (35 per cent) are unsure while three in ten (29 per cent) support this decision. The Bill that is yet to receive the cabinet's nod, has already swept India's digital currency market by a wave of nervousness and confusion. Currently, only a third of urban Indians claim to own a cryptocurrency (33 per cent) while the majority (67 per cent) do not.
Equities settle in green; Sensex breaches 60K level
Accordingly, Sensex and Nifty settled at 60,223 points and 17,925 points, up 0.6 per cent and 0.7 per cent, respectively, from their previous close. On Wednesday, banking, financial services, oil and gas, and realty stocks rose the most. Among the stocks, Bajaj Finserv, Bajaj Finance, Kotak Mahindra Bank, JSW Steel, Grasim rallied the most, rising 5.0 per cent, 4.4 per cent, 3.5 per cent, 3.4 per cent, 3.1 per cent, respectively, data showed.
65 lakh enrolled for Atal Pension Yojana so far in FY22
The Centre's flagship social security scheme was launched in 2015 with an objective of providing income security in old age. Over the past six-and-a-half years, 3.68 crore people have enrolled under the scheme, a Ministry of Finance statement said on Wednesday. In FY22, the Centre aims to take the enrolment to 1 crore.
Govt currency PSU mints Rs 240 crore dividend amid Covid-19
During the fiscal year 2020-21, the government mint, the Security Printing and Minting Corporation of India Ltd, produced 828.8 crore bank notes, 275.7 crore circulating coins, 6,870 metric tons of security paper, and 600.42 metric tons of security inks, a Finance Ministry statement said. On Monday, SPMCIL Chairman-cum-Managing Director Tripti P. Ghosh and Director, Finance, Ajay Agrawal gave the cheque of Rs 240.41 crore of the final dividend for FY. 2020-21 to Finance Minister Nirmala Sitharaman.
Small finance banks' AuM seen rising 20% in FY22: ICRA
Small Finance Banks' main objective is to take basic banking activities to unserved and underserved sections including small business units, small and marginal farmers, micro and small industries, among others. Like other commercial banks, these banks can also lend and take deposits. As per the rating agency's report, even as the growth in portfolio is expected to drive an improvement in revenue, the expected elevated credit costs are likely to keep the profitability subdued in FY22.
EV push, rising sales support Tata Motors' shares in 2021; outlook positive
The automaker's shares rose 160 per cent in the past one year period. On Monday, it settled at Rs 496.8 apiece. Notably, automobile manufacturer Tata Motors' passenger vehicles vertical sold more units than Hyundai Motor India in December, and became the second largest seller after Maruti Muzuki during the month. Tata Motors' total domestic passenger vehicle sales rose by 50 per cent to 35,299 units from 23,545 units off-take in December 2020.
India's mfg sector grows in Dec, but slower than in Nov: PMI
The headline seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) came in at 55.5 (index reading). The PMI ranges between 0 and 100, with a reading of above 50 indicating an overall increase compared to the previous month. In November 2021, the headline seasonally-adjusted index had risen to 57.6, and the latest quarterly reading was at 56.3.
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