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 Spandana Sphoorty’s decision to resolve differences with founder Padmaja Reddy, also find out about SBI’s plan to take on competition from the HDFC- ... Read more
In this episode, find out about Spandana Sphoorty’s decision to resolve differences with founder Padmaja Reddy, also find out about SBI’s plan to take on competition from the HDFC-HDFC bank merger. Business Term of the Day: Prepaid Payment instruments Read more
In this episode, find out about SEBI’s penalty on RIL over Facebook deal news, also find out about Bank of India’s plan to raise capital of Rs 2500 cr. Business Term of the Day: G ... Read more
In this episode, find out about SEBI’s penalty on RIL over Facebook deal news, also find out about Bank of India’s plan to raise capital of Rs 2500 cr. Business Term of the Day: Google Tax Read more
In this episode, find out about Coal India’s plan to decarbonise operations, and also find out about the government’s plan to relaunch Banks Board Bureau Business Term of the Day: ... Read more
In this episode, find out about Coal India’s plan to decarbonise operations, and also find out about the government’s plan to relaunch Banks Board Bureau Business Term of the Day: Liberalised Remittance Scheme (LRS) Read more
In this episode, find out about what restrictions RBI has lifted on global card network Mastercard, also find out about the government’s decision to auction 5G airwaves Business ... Read more
In this episode, find out about what restrictions RBI has lifted on global card network Mastercard, also find out about the government’s decision to auction 5G airwaves Business Term of the day: Tokenisation Read more
In this episode, find out about Bharat Pe co-founder Ashneer Grover’s new start up plans, also find out about the government’s decision to auction 5G airwaves Business Term of the ... Read more
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In this episode, find out about SBI, IDBI bank hiking deposit rates, also find out about Bharti Airtel’s launch of Xstream multiplex. Business Term of the Day: WTO Read more
In this episode, find out about SBI, IDBI bank hiking deposit rates, also find out about Bharti Airtel’s launch of Xstream multiplex. Business Term of the Day: WTO Read more
In this episode, find out about Sequioa’s new Asian fund worth $850 m, also find out about Zydus Lifesciences’ Rs 750 crore share buyback Business Term of the Day: Stock split Read more
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In this episode, find out about RIL-Apollo’s race for Boots pharma chain, also find out about ADIA’s Rs 2200 crore investment in IIFL Home Finance Business Term of the Day: Repo ... Read more
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In this episode, find out about RBI’s decision to hike the repo rate by 50 bps and the government’s decision to hike MSP for Kharif crops. Business Term of the Day: Standing Depo ... Read more
In this episode, find out about RBI’s decision to hike the repo rate by 50 bps and the government’s decision to hike MSP for Kharif crops. Business Term of the Day: Standing Deposit Facility (SDF) Read more
In this episode, find out PNB to invest Rs 500 crore in PNB Housing Finance, and also find out about HDFC Bank hiking the MCLR rate Business Term of the Day: Yield curve Read more
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