What is caused Nifty, Sensex to crash today? Share markets end first week of 2023 in red

What is caused Nifty, Sensex to crash today? Share markets end first week of 2023 in red

Bears gripped Dalal Street on Friday as benchmark indices edged lower heading a negative close for the third straight day. Nifty tumbled 132.70 points or 0.75% at 17,859.45 while Sensex settled at 59,900, down 450 points. Both indices ended the first week of 2023 nearly 1.5% lower. Most of the major sectoral indices logged losses. Twenty-five of the Nifty 50 constituents fell, with IT stocks declining 2% on Friday ahead of the third quarter earnings season, set to begin on Monday. The weakness in the market comes after US data indicated the US Federal Reserve will keep hiking interest rates to reign in inflation. Apart from this, consistent selling by foreign investors, volatility in global markets and a spike in crude oil prices also dampened investors’ sentiments.

Read More: https://www.financialexpress.com/market/nifty-sensex-poised-to-end-first-week-of-2023-in-red-heres-what-is-dragging-markets-today/2938887/

RBI Guv Shaktikanta Das lists policy priorities for South Asian region: Inflation, debt among 6 key challenges

RBI Governor Shaktikanta Das on Friday listed six policy priorities for the South Asian region in order to deal with challenges like inflation, external debt, among others, arising from the pandemic, inflation and Russia-Ukraine war. “Global trade and the economy look uninspiring. We have to formulate policies in these unpredictable times. I feel there are six policy priorities for South Asian region which include: taming?inflation, containing external debt vulnerabilities, raising productivity to raise potential growth trajectories of South Asian economies, strengthening cooperation for energy security, cooperation for greener economy in the region, and promotion of tourism,” he said in a speech at an IMF conference.

Read More: https://www.financialexpress.com/economy/rbi-guv-shaktikanta-das-lists-policy-priorities-for-south-asian-region-inflation-debt-among-6-key-challenges/2938750/

Judges appointments: Centre signals a climbdown, says pending SC Collegium recommendations to be cleared soon

The central government on Friday assured the?Supreme Court?that it will adhere to the timelines for processing names recommended by the Collegium for appointments as judges to constitutional courts. Attorney General R Venkataramani, appearing for the Centre, informed the top court that 44 of the 104 names recommended by the High Court Collegiums which are pending with the government will be processed within the next two-three days.

“All efforts are being made to conform to the timelines (as laid down by the Supreme Court)”, Attorney General for India R Venkataramani told a bench of Justices Sanjay Kishan Kaul and Abhay S Oka.

Read More: https://www.financialexpress.com/india-news/judges-appointments-centre-signals-a-climbdown-says-pending-sc-collegium-recommendations-to-be-cleared-soon/2939045/

Is Rafale M the final choice for the Indian Navy – Deal expected to be announced soon

Soon the Indian Navy is expected to get Rafale fighter jets from the French Company Dassault Aviation. Though there is no official announcement so far from the government, the French President Emmanuel Macron is expected to visit India in early March and the deal for deck based fighter jets is likely to be announced.

The bilateral visit of the French President is in addition to his visit scheduled later in the year for the G20 Leaders Summit in September which will take place in New Delhi.

Read More: https://www.financialexpress.com/defence/is-rafale-m-the-final-choice-for-the-indian-navy-deal-expected-to-be-announced-soon/2939026/

WhatsApp may soon allow Android users to transfer chats without requiring Google Drive backup: Details

WhatsApp is making it easier to transfer chats on Android phones. The Meta company is reportedly working on a new feature that will let users transfer their WhatsApp chat history to a new Android device without Google Drive back up.

A WaBetaInfo report claims that WhatsApp is working on a new “Chat transfer to Android” feature that will let users move their chats from one phone to another Android device. The feature is expected to come in a future update to WhatsApp.

Read More: https://www.financialexpress.com/life/technology-whatsapp-may-soon-allow-android-users-to-transfer-chats-without-requiring-google-drive-backup-details-2939050/

Kanpur Central railway station is now an ‘Eat Right Station’ – All you need to know

Kanpur Central?railway station?has now become an ‘Eat Right Station’ in North Central India after Prayagraj, Gwalior, Dabra, and Dabhaura. The certification is part of the ‘Eat Right India’ movement by the?Food Safety and Standards Authority of India (FSSAI)?to transform the country’s food system to ensure safe, healthy and sustainable food for all Indians.

The Kanpur Central railway station is one of the major and busiest railway stations on the New Delhi (NDLS) and Howrah (HWH) route. The certificate has been issued by the Food Safety and Standards Authority of India (FSSAI) with a five-star rating which indicates exemplary efforts by stations to ensure safe and hygienic food is available to passengers.

Read More: https://www.financialexpress.com/infrastructure/railways/kanpur-central-railway-station-is-now-an-eat-right-station-all-you-need-to-know/2938640/

Delhi likely to get respite from cold wave due to fresh western disturbances

Delhi continues to shiver with an intense?cold wave?and fog. However, the residents of the national capital will likely get some respite soon, probably around January 7, an IMD official told PTI. The official said that this could happen under the influence of a fresh Western Disturbance, which is likely to affect northwest India starting January 7.

The Safdarjung observatory recorded Delhi’s temperature at 8.5 degrees on Tuesday, 4.4 degrees on Wednesday, and 4 degrees Celsius on Thursday. The Capital logged a minimum temperature of three degrees Celcius on Thursday, making it the lowest temperature recorded in January in the last two years.

Read More: https://www.financialexpress.com/lifestyle/science/delhi-likely-to-get-respite-from-cold-wave-due-to-fresh-western-disturbances/2938786/

Benelli, Keeway bikes to watch out for at Auto Expo 2023

Hungarian two-wheeler manufacturer Keeway, which is owned by the QJ Group, the parent company of luxury sports bike brand Benelli, will be showcasing three two-wheelers at the upcoming Auto Expo 2023, Asia’s largest biennial automotive show. Whereas, Benelli will also showcase a bike to grab the customers attention at the event.?

Here, we take a quick look at the products that the brands will put on display to grab the attention of the visitors.

Read More: https://www.financialexpress.com/auto/bike-news/benelli-keeway-bikes-to-watch-out-for-at-auto-expo-2023/2938823/

Top 5 best-selling carmakers in December 2022

As 2023 dawns, carmakers are looking forward to a year of better sales, updated product launches, and forget what December 2022 brought upon the industry. December 2022 saw most carmakers post negative growth compared to November 2022, however, compared to December 2021, carmakers registered positive growth.

Let’s take a look at the top five best-selling car brands in December 2022 and compare their sales to December 2021 to see what kind of growth they had.

Read More: https://www.financialexpress.com/auto/car-news/top-5-best-selling-carmakers-in-december-2022/2938787/

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