Indian equities may sail into choppy waters on global headwinds in 2023
Indian equity market is likely to be "choppy" in 2023 and the returns might be moderate or even negative as a raft of factors, including geopolitical uncertainties, recession fears and interest rate trajectory, will weigh on investor sentiments. Market experts opined that the Indian market will be influenced by a combination of domestic and global factors, including the coronavirus situation and policy initiatives in the Union Budget next year. Read here.
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Take a look at these key events
Today
Sag Polymers IPO launch
Radiant Cash Management Services IPO share allotment
Welspun Enterprises to consider share buyback
West Bengal: PM Modi to flag off Vande Bharat Express, inaugurate Joka-Taratala corridor of Kolkata Metro
Maharashtra legislature winter session to conclude
Cricket Advisory Committee members to meet
Tomorrow
Deadline to file belated ITR
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India's current account deficit surges to all-time high of $36.4 billion in July-September
India's current account deficit (CAD) surged to an all-time high of $36.4 billion in July-September, data released on December 29 by the Reserve Bank of India (RBI) showed. "Underlying the current account deficit in Q2:2022-23 was the widening of the merchandise trade deficit to $83.5 billion from $63.0 billion in Q1:2022-23 and an increase in net outgo under investment income," the RBI said in a statement. Read here.
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Sah Polymers mobilises Rs 30 crore via anchor book ahead of IPO
Packaging solutions provider Sah Polymers on December 29 raised nearly Rs 30 crore via anchor book ahead of the launch of its initial public offering (IPO). The company is planning to mobilise Rs 66.3 crore via the public offer that comprises only a fresh issue. The maiden public issue will open for subscription on December 30 and the offer will close on January 4. Read more here.
MC Explains: How is an ESOP different from RSU and ESPP
Many companies, to retain employees, offer stock options as part of their compensation package. Some of the terms that you will hear around this are RSU, ESOP and ESPP. The concept is similar, but there is still some difference between them. So, if you have your doubts and are confused about how these options work in practice, this article will help you. Let us see each of these in detail and then compare them on various fronts.
Redmi K60 series launched
Xiaomi recently dropped the Redmi K60 series in China. The Redmi K60 line-up included the Redmi K60 5G, Redmi K60 Pro, and Redmi K60E. The Redmi K60 series arrives with a combination of Qualcomm and MediaTek chipset with the flagship ‘Pro’ model using a Snapdragon 8 Gen 2 SoC. Check price, specifications here.
Can a 4-1/2 day workweek module be a game changer in India?
Skincare brand NAOS India has announced a 4.5-day workweek module, starting December 2022 in UAE and India. Employees are expected to clock in 9 hours a day with the clock-in time being flexible from 8 AM to 9:30 PM. Currently, the company has 100 employees including contractual workers. Only head office-based employees –27– are eligible for a 4.5 workweek schedule. Field staff will continue to operate as per the regular work policy. However, HR experts in India say 4 or 4.5 work weeks are not an easy ball game. More details here.
