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 IDFC First bank winning sponsorship rights of all BCCI matches, also find out about Tata Motors' to be net zero carbon emission site by 2045. Busine ... Read more
In this episode, find out about IDFC First bank winning sponsorship rights of all BCCI matches, also find out about Tata Motors' to be net zero carbon emission site by 2045. Business Term of the Day: Bharat NCAP Read more
In this episode, find out about One97 Communication's promoter Antfin stake sale in Paytm via block deal today, also find out about Infosys' tie-up with Rafael Nadal. Business Term ... Read more
In this episode, find out about One97 Communication's promoter Antfin stake sale in Paytm via block deal today, also find out about Infosys' tie-up with Rafael Nadal. Business Term of the Day: Arbitrage Read more
In this episode, find out about Gail plans capex of Rs 30,000 cr over 3 years, also find out about India's plan to ban mills from exporting sugar. Business Term of the Day: Friend ... Read more
In this episode, find out about Gail plans capex of Rs 30,000 cr over 3 years, also find out about India's plan to ban mills from exporting sugar. Business Term of the Day: Friendshoring Read more
In this episode, find out about Wochkhardt's shareholders rejecting proposal to raise Rs 1600 CR from promoter entity, also find out why Care Ratings downgraded Poonawalla Housing ... Read more
In this episode, find out about Wochkhardt's shareholders rejecting proposal to raise Rs 1600 CR from promoter entity, also find out why Care Ratings downgraded Poonawalla Housing finance. Business Term of the Day: Price Band Read more
In this episode, find out about IDBI bank divestment being pushed to next fiscal year, also find out about Jio Financial Services' listing. Business Term of the Day: Pre-call auct ... Read more
In this episode, find out about IDBI bank divestment being pushed to next fiscal year, also find out about Jio Financial Services' listing. Business Term of the Day: Pre-call auction Read more
In this episode, find out about GQG Partners buying JSW Energy shares, also find out about Nazara Tech's investment in Israeli gaming start-up Snax Games Business Term of the Day: ... Read more
In this episode, find out about GQG Partners buying JSW Energy shares, also find out about Nazara Tech's investment in Israeli gaming start-up Snax Games Business Term of the Day: Intra-day trading Read more
In this episode, find out about GQG Partners buying JSW Energy shares, also find out about Nazara Tech's investment in Israeli gaming start up Snax Games. Business Term of the Day: ... Read more
In this episode, find out about GQG Partners buying JSW Energy shares, also find out about Nazara Tech's investment in Israeli gaming start up Snax Games. Business Term of the Day: Private credit Read more
In this episode, find out why markets opened lower, also find out about Mahindra Rise' new platform Oja Business Term of the Day: Broadband Read more
In this episode, find out why markets opened lower, also find out about Mahindra Rise' new platform Oja Business Term of the Day: Broadband Read more
In this episode, find out about Adani Ports' new auditor, also find out about TVS Supply chain Solution IPO closing. Business Term of the Day: Value of New Business (VNB) Read more
In this episode, find out about Adani Ports' new auditor, also find out about TVS Supply chain Solution IPO closing. Business Term of the Day: Value of New Business (VNB) Read more
In this episode, find out about Suzlon's QIP plans, also find out about Air India's rebranding exercise. Business Term of the Day: Credit Rating Agency Read more
In this episode, find out about Suzlon's QIP plans, also find out about Air India's rebranding exercise. Business Term of the Day: Credit Rating Agency Read more