The International Monetary Fund (IMF) on Tuesday slashed India’s economic growth forecast to 8.2% for FY23 from 9% estimated in January, citing the impact of high oil prices on consumer demand and private investments.
In its World Economic Outlook report, the multilateral agency recommended monetary tightening by central banks to keep inflationary expectations in check amid global supply disruptions caused by the war in Ukraine.
Jio Fiber postpaid users to get OTT subscriptions for Rs 100-200 per month; users can get access to up to 14 OTT apps. Reliance Brands Ltd. has also signed a deal to take a majority stake in ‘Abu Jani Sandeep Khosla’ to accelerate the couture house’s growth plans.
Punjab and Sind Bank has classified SREI Infrastructure Finance and SREI Equipment Finance as fraud accounts with loan exposure worth Rs 510.16 crore and Rs 724.18 crore, respectively. The accounts have been declared as fraud to the Reserve Bank of India and have been fully provided for. Escorts: The company’s agri-machinery division will increase prices of its tractors due to a steady rise in commodity prices. The rise is effective April 20 and will vary across models and variants. VRL Logistics: The company has decided to sell wind power undertaking as a going concern on a slump sale basis to Ratna Cements (Yadawad). It has has signed a memorandum of understanding for the transaction. The project comprises 32 wind turbine generators with a capacity of 40 megawatt.Moving on to markets
The key benchmark indices are likely to start Wednesday’ session on a mildly positive note after closing the previous session lower for a fifth day.
As per trends indicated by the SGX Nifty futures, which were quoting at 17,022 around 8 am, the Nifty may open with a gain of 50-odd points.
Asian markets were mixed and U.S. equity futures retreated Wednesday amid high inflation, a hawkish U.S. Federal Reserve and China’s pandemic challenges.Business term of the day
A slump sale, also referred to as a business transfer, is the transfer of a business undertaking as a whole, on a ‘going concern’ basis, wherein the acquirer wants to acquire the whole setup of a business undertaking along with all assets and liabilities of the target company but, without acquiring the target company which houses the business.
In this episode, find out about Adani group in talks with global banks to refinance $3.5 bn debt taken to buy Ambuja Cements, also find out about Paytm appoints new statutory audit ... Read more
In this episode, find out about Adani group in talks with global banks to refinance $3.5 bn debt taken to buy Ambuja Cements, also find out about Paytm appoints new statutory auditor. Business Term of the Day: Mid cap Read more
In this episode, find out why OMC's saw a downgrade in ratings in Q2, also find out about Bain Capital selling stake in L&T Finance. Business Term of the Day: Corporate Social ... Read more
In this episode, find out why OMC's saw a downgrade in ratings in Q2, also find out about Bain Capital selling stake in L&T Finance. Business Term of the Day: Corporate Social Responsibility Read more
In this episode, find out about IDBI Bank challenging NCLT order on Zee-Sony merger, also find out about SEBI's plan to introduce 1 hour trade settlement by 2024. Business Term of ... Read more
In this episode, find out about IDBI Bank challenging NCLT order on Zee-Sony merger, also find out about SEBI's plan to introduce 1 hour trade settlement by 2024. Business Term of the Day: Currency appreciation Read more
In this episode, find out about listing of Rishabh Instruments and Ratnaveer Precision, also find out about market expecting Nifty to cross 20,000 mark this week. Business Term of ... Read more
In this episode, find out about listing of Rishabh Instruments and Ratnaveer Precision, also find out about market expecting Nifty to cross 20,000 mark this week. Business Term of the Day: Series A, B, C funding Read more
In this episode, find out about SBI MF's Rs 400 cr investment in Nazara Tech, also find out about why SEBI disposed of order against LIC for violation of mutual fund norms Business ... Read more
In this episode, find out about SBI MF's Rs 400 cr investment in Nazara Tech, also find out about why SEBI disposed of order against LIC for violation of mutual fund norms Business Term of the Day: Unit economics Read more
In this episode, find out about IDBI Bank challenging NCLT order on Zee-Sony merger, also find out about SEBI's plan to introduce 1 hour trade settlement by 2024 Business Term of t ... Read more
In this episode, find out about IDBI Bank challenging NCLT order on Zee-Sony merger, also find out about SEBI's plan to introduce 1 hour trade settlement by 2024 Business Term of the Day: Open ended scheme Read more
In this episode, find out about government inviting bids for asset valuer for IDBI bank disinvestment, also find out about Cipla's acquisition of South Africa's Actor Pharma for $4 ... Read more
In this episode, find out about government inviting bids for asset valuer for IDBI bank disinvestment, also find out about Cipla's acquisition of South Africa's Actor Pharma for $48.6 m Business Term of the Day: Sum assured. Read more
In this episode, find out about Uday Kotak's sudden resignation, also find out about Bajaj Auto Consumer Finance receiving RBI approval to start business. Business Term of the Day: ... Read more
In this episode, find out about Uday Kotak's sudden resignation, also find out about Bajaj Auto Consumer Finance receiving RBI approval to start business. Business Term of the Day: Liquidity Read more
In this episode, find out about fresh allegations against Adani Group on its offshore funding, also find out about Jalan Kalrock infusing Rs 100 cr in Jet Airways Business Term of ... Read more
In this episode, find out about fresh allegations against Adani Group on its offshore funding, also find out about Jalan Kalrock infusing Rs 100 cr in Jet Airways Business Term of the Day: Square off Read more
In this episode, find out about Verlinvest Asia's plan to sell 12.56% stake in Sula Vineyards, also find out about Aeroflex Industries' listing. Business Term of the Day: FinFluen ... Read more
In this episode, find out about Verlinvest Asia's plan to sell 12.56% stake in Sula Vineyards, also find out about Aeroflex Industries' listing. Business Term of the Day: FinFluencer Read more
