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 why Tata Motors is looking to convert its DVR shares into ordinary shares, also about Marico's deal with Satiya Nutraceuticals. Business Term of the Day: ... Read more
In this episode, find out why Tata Motors is looking to convert its DVR shares into ordinary shares, also about Marico's deal with Satiya Nutraceuticals. Business Term of the Day: Differential Voting Rights Read more
In this episode, find out why institutional investors voted against ACC, Ambuja resolutions, also about the fraud at Can Fin Homes. Business Term of the Day: Green finance Read more
In this episode, find out why institutional investors voted against ACC, Ambuja resolutions, also about the fraud at Can Fin Homes. Business Term of the Day: Green finance Read more
Description – In this episode, find out about ITC's de-merger plans also about Samvardhana Motherson's new global acquisition. Business Term of the Day: ChatGPT Read more
Description – In this episode, find out about ITC's de-merger plans also about Samvardhana Motherson's new global acquisition. Business Term of the Day: ChatGPT Read more
In this episode, find out why Reliance Industries reported decline in Q1 profit, also about HDFC Bank's growth target for this fiscal year. Business Term of the Day: Non-banking fi ... Read more
In this episode, find out why Reliance Industries reported decline in Q1 profit, also about HDFC Bank's growth target for this fiscal year. Business Term of the Day: Non-banking finance company Read more
In this episode, find out why Arbitrator has rejected Max healthcare's claim on Care Hospital, also about L&T's first share buyback plan. Business Term of the Day: Share buybac ... Read more
In this episode, find out why Arbitrator has rejected Max healthcare's claim on Care Hospital, also about L&T's first share buyback plan. Business Term of the Day: Share buyback Read more
In this episode, find out about BL Kashyap's contract from DLF, also about Piramal Pharma's capital raising plan. Business Term of the Day: Trust company Read more
In this episode, find out about BL Kashyap's contract from DLF, also about Piramal Pharma's capital raising plan. Business Term of the Day: Trust company Read more
In this episode, find out about NSE's pre-open session for Reliance, also about Sheela Foam's acquisitions. Business Term of the Day: Pre-open market session Read more
In this episode, find out about NSE's pre-open session for Reliance, also about Sheela Foam's acquisitions. Business Term of the Day: Pre-open market session Read more
In this episode, find out about Suzlon's new order from Everrenew Energy, also why Indian markets are expected to open flat in today's trade. Business Term of the Day: Long positio ... Read more
In this episode, find out about Suzlon's new order from Everrenew Energy, also why Indian markets are expected to open flat in today's trade. Business Term of the Day: Long position Read more
In this episode, find out about HCL Tech's acquisition of a German firm, also why Delta Corp shares plunged 27% in trade. Business Term of the Day: Bootstrapping Read more
In this episode, find out about HCL Tech's acquisition of a German firm, also why Delta Corp shares plunged 27% in trade. Business Term of the Day: Bootstrapping Read more
In this episode, find out about Patanjali's offer for sale, also about what to expect from Wipro's Q1 results. Business Term of the Day: Structured finance Read more
In this episode, find out about Patanjali's offer for sale, also about what to expect from Wipro's Q1 results. Business Term of the Day: Structured finance Read more
