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 lenders to Future Retail have agreed to halt the sale of assets, also find out why Eicher Motors will announce a fall in profit in Q3 Business Term of ... Read more
In this episode, find out why lenders to Future Retail have agreed to halt the sale of assets, also find out why Eicher Motors will announce a fall in profit in Q3 Business Term of the Day: Debt Restructuring Read more
In this episode, find out why RBI Governor warned Indians against private cryptocurrencies, also find out why US markets are getting ready for a rate hike soon. Business Term of t ... Read more
In this episode, find out why RBI Governor warned Indians against private cryptocurrencies, also find out why US markets are getting ready for a rate hike soon. Business Term of the Day: Variable Reverse Repo Auction Read more
In this episode, find out why US-based private equity firm Cerebrus is looking to buy bad loans from Yes Bank, also find out why Bharti Airtel is looking to raise tariffs this year ... Read more
In this episode, find out why US-based private equity firm Cerebrus is looking to buy bad loans from Yes Bank, also find out why Bharti Airtel is looking to raise tariffs this year Business Term of the Day: Open market operation (OMO) Read more
In this episode, find out why Vedanta scrapped its plans to rejig its corporate structure, also find out why oil prices rose in trade. Business Term of the Day: Liquidity Adjustmen ... Read more
In this episode, find out why Vedanta scrapped its plans to rejig its corporate structure, also find out why oil prices rose in trade. Business Term of the Day: Liquidity Adjustment Facility (LAF) Read more
In this episode, find out why Hero Fincorp has raised Rs 2000 cr capital, also find out why US markets ended lower Business Term of the Day: Nominal interest rate & actual int ... Read more
In this episode, find out why Hero Fincorp has raised Rs 2000 cr capital, also find out why US markets ended lower Business Term of the Day: Nominal interest rate & actual interest rate Read more
In this episode, find out why SBI posted the highest quarterly profit, also find out why Zee Entertainment-Sony deal could see a delay Business Term of the Day: Overnight rates Read more
In this episode, find out why SBI posted the highest quarterly profit, also find out why Zee Entertainment-Sony deal could see a delay Business Term of the Day: Overnight rates Read more
In this episode, find out why Emami is looking at succession planning, also find out why US markets fell overnight. Business Term of the Day: Warrants Read more
In this episode, find out why Emami is looking at succession planning, also find out why US markets fell overnight. Business Term of the Day: Warrants Read more
In this episode, find out why Anil Agarwal is looking merger Vedanta with Indian unit, also find out why OPEC countries agreed to increase crude output. Business Term of the Day: C ... Read more
In this episode, find out why Anil Agarwal is looking merger Vedanta with Indian unit, also find out why OPEC countries agreed to increase crude output. Business Term of the Day: Capital expenditure Read more
In this episode, find out why the Tata Teleservices is not looking to convert AGR dues into equity, also find out why investors are cautious ahead of a crucial OPEC meeting today. ... Read more
In this episode, find out why the Tata Teleservices is not looking to convert AGR dues into equity, also find out why investors are cautious ahead of a crucial OPEC meeting today. Business Term of the Day: Central bank digital currencies. Read more
In this episode, find out why the Tata group is on an acquisition spree, also find out why Asian markets rose in early trade. Business Term of the Day: Budget estimates Read more
In this episode, find out why the Tata group is on an acquisition spree, also find out why Asian markets rose in early trade. Business Term of the Day: Budget estimates Read more
