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 Bajaj Finance is confident of riding the second wave; why all eyes are on Fed Reserve policy decision today Business Term of the Day: Monetary Polic ... Read more
In this episode, find out why Bajaj Finance is confident of riding the second wave; why all eyes are on Fed Reserve policy decision today Business Term of the Day: Monetary Policy Read more
In this episode, find out why Tata Motors is readying a Business Agility plan; why it’s a mixed start to corporate earnings Business Term of the Day: Profit Read more
In this episode, find out why Tata Motors is readying a Business Agility plan; why it’s a mixed start to corporate earnings Business Term of the Day: Profit Read more
In this episode, find out why HCL tech is moving its workload from India; why the Asian markets have opened higher Business Term of the Day: Dividend Read more
In this episode, find out why HCL tech is moving its workload from India; why the Asian markets have opened higher Business Term of the Day: Dividend Read more
In this episode, find out why RBI thinks the second wave is the biggest challenge to economic recovery; why global market are worried on news of Biden’s tax plan. Business Term of ... Read more
In this episode, find out why RBI thinks the second wave is the biggest challenge to economic recovery; why global market are worried on news of Biden’s tax plan. Business Term of the Day: economic growth Read more
In this episode, find out why Serum Institute is looking to hike the price of Covaxin; why investors are watching for the policy announcement by European Central bank later today? ... Read more
In this episode, find out why Serum Institute is looking to hike the price of Covaxin; why investors are watching for the policy announcement by European Central bank later today? and more to start your business day. Business Term of the Day: Qualified Institutional Placement (QIP) Read more
In this episode, find out why Nestle’s Q4 numbers is good news for the consumer industry; Maharashtra is yet again planning a lockdown. Are we ready this time? and more to start yo ... Read more
In this episode, find out why Nestle’s Q4 numbers is good news for the consumer industry; Maharashtra is yet again planning a lockdown. Are we ready this time? and more to start your business day. Business Term of the Day: Earnings per share Read more
In this episode, find out why Prime Minster has called for an emergency meeting with vaccine manufacturers; why Asian markets slipped in early trade? and more to start your busines ... Read more
In this episode, find out why Prime Minster has called for an emergency meeting with vaccine manufacturers; why Asian markets slipped in early trade? and more to start your business day. Business Term of the Day: Nasdaq Read more
In this episode, find out why HDFC Bank reported good numbers; why Bitcoin tumbled over the weekend? and more to start your business day. Business Term of the Day: API (Active P ... Read more
In this episode, find out why HDFC Bank reported good numbers; why Bitcoin tumbled over the weekend? and more to start your business day. Business Term of the Day: API (Active Pharmaceutical Ingredient) Read more
In this episode, find out why Wipro reported good numbers; why the US market touched record high after strong economic data? and more to start your business day. Business Term of ... Read more
In this episode, find out why Wipro reported good numbers; why the US market touched record high after strong economic data? and more to start your business day. Business Term of the Day: Cryptocurrency Read more
In this episode, find out why Wipro is set to announce a flat Q4 nos; why the US market slipped even as big banks reported stellar results? and more to start your business day. B ... Read more
In this episode, find out why Wipro is set to announce a flat Q4 nos; why the US market slipped even as big banks reported stellar results? and more to start your business day. Business Term of the Day: Asset management company Read more
