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 Bajaj Finserv’s Rs 5000 cr investment in Pune, also find out why Her0 Motocorp has increased price of its EV Business Term of the Day: Corporate ... Read more
In this episode, find out about Bajaj Finserv’s Rs 5000 cr investment in Pune, also find out why Her0 Motocorp has increased price of its EV Business Term of the Day: Corporate Governance Read more
In this episode, find out about Aditay Birla Capital’s plans to raise Rs 1250 crore through preferential issue of shares, also find out Dish TV board’s decision to reject minority ... Read more
In this episode, find out about Aditay Birla Capital’s plans to raise Rs 1250 crore through preferential issue of shares, also find out Dish TV board’s decision to reject minority shareholders’ plea to reconstitute the board Business Term of the Day: Annuity Read more
In this episode, find out about the new CEO of TCS taking charge, also find out Adani group’s plans to raise $3.5 bn through share sale to institutional investors Business Term o ... Read more
In this episode, find out about the new CEO of TCS taking charge, also find out Adani group’s plans to raise $3.5 bn through share sale to institutional investors Business Term of the Day: Covenant Read more
In this episode, find out about slowdown in unemployment rate in urban areas, also find out about HCL Tech suing Atos. Business Term of the Day: Vande Bharat Express Read more
In this episode, find out about slowdown in unemployment rate in urban areas, also find out about HCL Tech suing Atos. Business Term of the Day: Vande Bharat Express Read more
In this episode, find out about Reliance Consumer Products’ entry into snacking business and Maruti Suzuki India expects production loss to continue in the first quarter.. Busines ... Read more
In this episode, find out about Reliance Consumer Products’ entry into snacking business and Maruti Suzuki India expects production loss to continue in the first quarter.. Business Term of the Day: Subsidy Read more
In this episode, find out about Oil India’s talks to acquire a stake in Tullow Oil’s Kenya block, also find out about Vikram Bakshi’s new investment Business Term of the Day: Dry ... Read more
In this episode, find out about Oil India’s talks to acquire a stake in Tullow Oil’s Kenya block, also find out about Vikram Bakshi’s new investment Business Term of the Day: Dry powder Read more
In this episode, find out about who are the finalists for Capital Foods, also find out why CEA Anantha Nageswaran is confident of 6.5% growth Business Term of the Day: Surety bon ... Read more
In this episode, find out about who are the finalists for Capital Foods, also find out why CEA Anantha Nageswaran is confident of 6.5% growth Business Term of the Day: Surety bond. Read more
In this episode, find out about Private equity players eye Glenmark Life Sciences, also find out HUL-Genpact deal to help scale small businesses Business Term of the Day: Debt ce ... Read more
In this episode, find out about Private equity players eye Glenmark Life Sciences, also find out HUL-Genpact deal to help scale small businesses Business Term of the Day: Debt ceiling Read more
In this episode, find out about NCLT’s rejection of IDBI bank’s insolvency plea against Zee, also find out DOT’s worry over Vi’s fund delay Business Term of the Day: Demonetisati ... Read more
In this episode, find out about NCLT’s rejection of IDBI bank’s insolvency plea against Zee, also find out DOT’s worry over Vi’s fund delay Business Term of the Day: Demonetisation Read more
State Bank of India (SBI) reports record standalone profit in Q4 FY23, driven by strong net interest income (NII) and lower provisions, surpassing the previous best. Business Term ... Read more
State Bank of India (SBI) reports record standalone profit in Q4 FY23, driven by strong net interest income (NII) and lower provisions, surpassing the previous best. Business Term of the Day - Tax collected at source. Read more
