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 Maruti Suzuki’s plans to expand the Manesar plant capacity by 1lkh units, also find out about Tata Motors’ plan to hike prices of passenger vehicles ... Read more
In this episode, find out about Maruti Suzuki’s plans to expand the Manesar plant capacity by 1lkh units, also find out about Tata Motors’ plan to hike prices of passenger vehicles Business Term of the Day: Capex Read more
In this episode, find out about Indorama’ move to join race for PET filmmaker Polyplex, also find out about former Capgemini executive Amit Choudhary’s appointment as Wipro’s new ... Read more
In this episode, find out about Indorama’ move to join race for PET filmmaker Polyplex, also find out about former Capgemini executive Amit Choudhary’s appointment as Wipro’s new Chief Operating Officer Business Term of the Day: Terminal Rate Read more
In this episode, find out about KKR, Temasek’s plans to buy stakes in Manipal Health, also find out Fed’s decision to hike rates by 75 bps Business Term of the Day: Ex-dividend Read more
In this episode, find out about KKR, Temasek’s plans to buy stakes in Manipal Health, also find out Fed’s decision to hike rates by 75 bps Business Term of the Day: Ex-dividend Read more
In this episode, find out about the extension of the timeline for Adani Power’s acquisition of DB Power, also find out LIC’s decision to raise a stake in Capri Global Business Ter ... Read more
In this episode, find out about the extension of the timeline for Adani Power’s acquisition of DB Power, also find out LIC’s decision to raise a stake in Capri Global Business Term of the Day: Leveraged Buyout Read more
In this episode, find out about the government extending restrictions for sugar exports to October 23, also find out Maruti Suzuki recalling over 9000 units of Wagon R, Celerio, Ig ... Read more
In this episode, find out about the government extending restrictions for sugar exports to October 23, also find out Maruti Suzuki recalling over 9000 units of Wagon R, Celerio, Ignis Business Term of the Day: Liquidity Read more
In this episode, find out about DGCA’s nod for Spicejet for wet leasing five planes, also find out Jubilant Bhartia Group’s minority stake purchase in Keventers owner Business Ter ... Read more
In this episode, find out about DGCA’s nod for Spicejet for wet leasing five planes, also find out Jubilant Bhartia Group’s minority stake purchase in Keventers owner Business Term of the Day: Refinance Read more
In this episode, find out about Tata Steels’ pact with Ford to supply green steel, also find out about Hero MotoCorp’s agreement with Terrafirma Motors Corporation to enter Philipp ... Read more
In this episode, find out about Tata Steels’ pact with Ford to supply green steel, also find out about Hero MotoCorp’s agreement with Terrafirma Motors Corporation to enter Philippines. Business Term of the Day: Working Capital Read more
In this episode, find out about government’s plan of PLI scheme for power transmission sector, also find out CCI’s penalty on Google Business Term of the Day: Stock options Read more
In this episode, find out about government’s plan of PLI scheme for power transmission sector, also find out CCI’s penalty on Google Business Term of the Day: Stock options Read more
In this episode, find out about Borosil’s stake buy in Europe’s largest solar glass manufacturers, and also find out why RIL reported lower net profit. Business Term of the Day: C ... Read more
In this episode, find out about Borosil’s stake buy in Europe’s largest solar glass manufacturers, and also find out why RIL reported lower net profit. Business Term of the Day: Cash flow Read more
In this episode, find out about Dhanlakaxmi Bank’s shareholder's move to curb the powers of the CEO, also find out about the appointment of new MD of PNB Housing Business Term of ... Read more
In this episode, find out about Dhanlakaxmi Bank’s shareholder's move to curb the powers of the CEO, also find out about the appointment of new MD of PNB Housing Business Term of the Day: Interest Rate differential Read more
