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 NCLT's order on Zee Ent, also about L&T's joint venture partnership for submarine worth Rs 43,500 crore Business Term of the Day: Production Lin ... Read more
In this episode, find out about NCLT's order on Zee Ent, also about L&T's joint venture partnership for submarine worth Rs 43,500 crore Business Term of the Day: Production Linked Scheme (PLI) Read more
In this episode, find out about Bajaj Auto seeking RBI nod for new NBFC, also about IOC's Rs 22,000 crore fund raise. Business Term of the Day: Refinance Read more
In this episode, find out about Bajaj Auto seeking RBI nod for new NBFC, also about IOC's Rs 22,000 crore fund raise. Business Term of the Day: Refinance Read more
In this episode, find out about IdeaForge Technology's stellar listing on the bourses, also about TCS training its employees on generative AI. Business Term of the Day: Currency in ... Read more
In this episode, find out about IdeaForge Technology's stellar listing on the bourses, also about TCS training its employees on generative AI. Business Term of the Day: Currency internationalisation Read more
In this episode, find out about LIC offloading 2% stake in India Cement, also about Tata AMC on increasing stake to 7% in DCB Bank. Business Term of the Day: Aircraft lease Read more
In this episode, find out about LIC offloading 2% stake in India Cement, also about Tata AMC on increasing stake to 7% in DCB Bank. Business Term of the Day: Aircraft lease Read more
In this episode, find out about CreditAccess selling 5.8% stake in CreditAccess Grameen, PowerGrid's idea to aggregate investment of Rs 388.94 crore, Natarajan Chandrasekaran's dee ... Read more
In this episode, find out about CreditAccess selling 5.8% stake in CreditAccess Grameen, PowerGrid's idea to aggregate investment of Rs 388.94 crore, Natarajan Chandrasekaran's deep concern over the TCS controversy, MCX services deal with software vendor 63 Moons Technologies and also about BPCL's plan to raise Rs 18,000 crore via rights issue. Business Term of the Day: Account Aggregator Read more
In this episode, find out about Vedanta Foxconn's plans to resubmit application to set up an electronic chip manufacturing plant, also about SBI's picking up SBI Capital's 20% stak ... Read more
In this episode, find out about Vedanta Foxconn's plans to resubmit application to set up an electronic chip manufacturing plant, also about SBI's picking up SBI Capital's 20% stake in SBI Pension Fund Business Term of the Day: Refinance. Read more
In this episode, find out about Federal Bank appointing AP Hota as the part-time chairman, also about SAT's hearing on the Zee-Sebi case Business Term of the Day: Expense of Mana ... Read more
In this episode, find out about Federal Bank appointing AP Hota as the part-time chairman, also about SAT's hearing on the Zee-Sebi case Business Term of the Day: Expense of Management. Read more
In this episode, find out about Hinduja Group’s plan to invest Rs 10,000 crore in Indusind Bank, also about Asian Paints’ acquisition of stake in White Teak Business Term of the ... Read more
In this episode, find out about Hinduja Group’s plan to invest Rs 10,000 crore in Indusind Bank, also about Asian Paints’ acquisition of stake in White Teak Business Term of the Day: Financial influencer Read more
In this episode, find out about SEBI's ban on Eros International & its promoters, also about RBI asking the PTC India Financial Services’ CEO to step down Business Term of th ... Read more
In this episode, find out about SEBI's ban on Eros International & its promoters, also about RBI asking the PTC India Financial Services’ CEO to step down Business Term of the Day: EdTech Read more
In this episode, find out about Carlyle offloading a 2.5% stake in Delhivery via a block deal, and also about TCS’s $1.1 bn deal from UK’ Nest. Business Term of the Day: Insurance ... Read more
In this episode, find out about Carlyle offloading a 2.5% stake in Delhivery via a block deal, and also about TCS’s $1.1 bn deal from UK’ Nest. Business Term of the Day: Insurance Broker Read more
