by PTI News | Mar 21, 2023 | 11:10 am | Economy, News
Indian economy is expected to grow at 7 per cent in FY23 despite global headwinds while retail inflation would moderate in line with wholesale inflation which fell to a 25-month low in January, the Finance Ministry said on Monday. Supported by the gains from high services exports, the moderation in oil prices, and the recent [...]
by PTI News | Mar 21, 2023 | 11:05 am | Corporate Action, News
Amazon announced on Monday it will lay off 9, 000 corporate and technology workers, eliminating jobs in addition to the 18,000 job cuts undertaken by the company in the last few months. “As we’ve just concluded the second phase of our operating plan (OP2) this past week, I’m writing to share that we intend to [...]
by PTI News | Mar 21, 2023 | 11:00 am | Corporate Action, News
Auto components maker Uno Minda Ltd on Monday said its board has approved the acquisition of a 81.69 per cent stake in Kosei Minda Aluminium and a 49.90 per cent stake in Kosei Minda Mould from JV partner Kosei, Japan. The move will help the company consolidate its 4W alloy business, Uno Minda said in [...]
by PTI News | Mar 21, 2023 | 10:56 am | Corporate Action, News
Private equity company Warburg Pincus on Monday divested a 2.49 per cent stake in multiplex-chain company PVR for Rs 380 crore through the open market transactions. Warburg Pincus, through its affiliate Berry Creek Investment Ltd, sold the shares in PVR. According to the block deal data available with the BSE, Berry Creek Investment sold a [...]
by PTI News | Mar 21, 2023 | 10:55 am | Corporate Action, News
The NCLAT on Monday concluded its hearing over the petition filed by Google, in which the tech giant challenged the Competition Commission's order imposing a Rs 1,337.76 crore penalty for anti-competitive practices in relation to Android mobile devices. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) was conducting the hearing on a [...]
by PTI News | Mar 21, 2023 | 10:50 am | Corporate Action, News
NTPC Green Energy Limited (NGEL) and Indian Oil Corporation Limited (IOCL) have inked pact for setting up of renewable energy projects to meet round-the-clock power requirement of IOCL refineries. The JV agreement was signed in the presence of Gurdeep Singh, Chairman and Managing Director of NTPC Limited and Shrikant Madhav Vaidya, Chairman of IOCL, among [...]
by PTI News | Mar 21, 2023 | 10:45 am | Economy, News
The rate of unemployment in India has been registering a downward trend for the last three years, Parliament was informed on Monday. As per the latest available annual PLFS reports, the estimated unemployment rate (UR) on usual status for persons of age 15 years and above was 4.8 per cent, 4.2 per cent and 4.1 [...]
by PTI News | Mar 21, 2023 | 10:40 am | Corporate Action, News
GMR Airports Infrastructure Ltd (GIL) has announced the merger of GMR Airports Limited with GIL. The merger, which is subject to regulatory approvals and expected to be completed within the next financial year, would result in taking the GMR's partnership with Aéroports de Paris SA (Groupe ADP) to the next level, the company said in [...]
by PTI News | Mar 21, 2023 | 10:33 am | Economy, News
The International Monetary Fund on Monday approved USD 3 billion in financial assistance to debt-ridden Sri Lanka to help it immediately overcome its economic crisis. IMF’s Executive Board approved on Monday a 48-month extended arrangement under its Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 per cent of quota or about [...]
by PTI News | Mar 20, 2023 | 7:45 pm | Corporate Action, News
Veteran industrialist Ramesh Chauhan on Monday said he has no plans to sell his packaged water business Bisleri International and is not in talks with any parties for the same, three days after Tata Consumer Products Ltd called off their negotiations. Chauhan had been in negotiations with the Tata group's FMCG arm Tata Consumer Products [...]
