India Rejects China’S Occupation Of Its Territory; Nykaa’S Incredible Journey; Paytm’S Struggle And More


India said Thursday it had accepted neither China’s illegal occupation of its territory nor any unwarranted Chinese claims. Former RBI Governor Raghuram Rajan has advised central banks to be cautious in raising interest rates, warning that sudden moves could create a “wealth shock.” suck liquidity from the market. Here are some news of the day

ECONOMY / BUSINESS

India’s current account deficit to hit 1.4% by March, report says

India’s current account deficit could reach $ 45 billion or 1.4% of gross domestic product by March, warned Barclays, a UK brokerage firm. He said the deficit has been growing since July and the massive spike in crude prices could make it worse. Read more

Godrej Consumer Products clock Rs 479 crore in profit

Godrej Consumer Products’ net profit rose 5% to Rs 479 crore for the quarter ended September, excluding Street’s estimates. The company’s consolidated turnover increased 8.5% from the previous year to 3,163 crore rupees. Continue reading.

This is what worries Raghuram Rajan

Former RBI Governor Raghuram Rajan has advised central banks to be cautious about raising interest rates, warning that sudden moves could create a “wealth shock” and scare consumers. Read on

MARKETS

Nykaa waives quotation gains; buy or sell?

A day after a stellar stock exchange listing, Nykaa stock posted profits on Thursday. The stock fell as much as seven percent before recovering from the losses. Whether you buy or sell, the experts respond.

Large IPOs drain market liquidity

Arvind Sanger, managing partner of Geosphere Capital Management, told CNBC-TV18 that many large initial public offerings are sucking liquidity from the market. Here’s why he said it.

IPO Paytm: India’s biggest IPO struggles to raise funds

While Paytm’s IPO has found buyers (especially on the third day, when the majority of offers come in anyway), India’s largest IPO hasn’t benefited from inflated demand. that investors offered to Nykaa, Zomato and PolicyBazaar. Read more here.

INDIA

Biden cites India to explain the complexity of the global supply chain

President Joe Biden cited India and Brazil as explaining the complexity of the global supply chain and said it has been particularly affected by the COVID-19 pandemic. Read more

Karnataka to accelerate nine rail projects

Karnataka will accelerate nine rail projects that have languished since 2007 as a priority, as the costs of these projects have nearly doubled and place a burden on both state and central governments. Read on

Did not accept the illegal occupation of China: India

India said Thursday that it had accepted neither China’s illegal occupation of its territory nor any unwarranted Chinese claims, in the first official reaction to a Pentagon report that said Beijing had built a large village in a disputed territory along the actual line of control in Arunachal Pradesh. sector. Read more

INTERNATIONAL

China’s real estate mess may put the global economy on crutches

Even as Evergrande makes progress in resolving debt issues and avoiding official default, it looks like China’s real estate market problems are just beginning, from rising debt levels of developers to declining sales. of housing. Continue reading

Chinese leader Xi Jinping warns of “cold war”

Chinese President Xi Jinping on Thursday warned against letting tensions in the Asia-Pacific region cause a relapse into a Cold War mentality. Read on

Elon Musk sells $ 1.1 billion of Tesla shares to cover taxes

Tesla chief executive Elon Musk sold about $ 1.1 billion in shares to cover tax obligations on the exercise of options, the billionaire said in the filings. Read more

YOU & me

Enjoy a meteor shower from your patio

The Leonid meteor shower, one of the most prolific celestial events, began on November 6 and will end on November 17. Activity will peak on November 17, however, and can be seen with the naked eye. Find the details here.

Step by step guide to get Jeevan Pramaan Patra

Jeevan Pramaan Patra acts as proof that the retiree is still alive. It must be presented to an authorized agent before the pension is credited to the account. Here’s how to get one.

Analysts choose stocks for short-term gains

While the Dalal Street benchmarks are limited to a range and reluctant to climb back to recent highs, investors can still make gains on short-term betting opportunities. From Apollo Tires to JPL, here are some actions recommended by analysts.

(Edited by : Yashi Gupta, Aditi Gautam)

First publication: STI


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