Financial Express Mumbai - November 15, 2022
Financial Express Mumbai - November 15, 2022
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In this issue
November 15, 2022
IHH's open offer for Fortis illegal: Daiichi to Sebi
DAYS AFTER MALAYSIA'S IHH Healthcare Berhad approached the Securities and Exchange Board of India (Sebi) for a go-ahead for its open offer for Fortis Healthcare, Japanese pharma major Daiichi Sankyo has called the move illegal.
2 mins
Adani's open offer for NDTV gets Sebi nod
THE SECURITIES AND Exchange Board of India (Sebi) on Monday approved the Adani Group's open offer for 26% shares of New Delhi Television (NDTV).
1 min
Bezos to give away most of his $124-bn fortune
MOLLY SCHUETZ
1 min
Requests for office properties on hold as US firms turn cautious
REQUESTS FOR PROPOSAL (RFPs) for office properties are being put on hold by prospective office tenants as they, mostly large US companies, are in a \"wait and watch\" mode due to the looming recession in the country and possible rate hikes by the Fed, property developers and consultants said.
3 mins
CPI inflation drops to 6.77%; outlook hazy
WPI inflation lowest in 19 months; gap with CPI narrows
1 min
GST appellate tribunals likely to be set up by December 2023
AFTER YEARS OF delay, the Centre is aiming to set up the GST Appellate Tribunals (GSTATs) across the country by December next year with the principal Bench in New Delhi to quickly resolve disputes relating to the key indirect tax, and further improve ease of doing business and boost tax collections.
2 mins
FCI’s grain stocks fall to five-year low, govt says no threat to food security
STOCKS OF WHEAT and rice with the Food Corporation of India (FCI) and state agencies have plunged to a five-year low to 37.6 million tonne (MT) at the beginning of this month against 72.1 MT a year ago.
2 mins
CPSEs get blueprint to shut down subsidiaries
TO FAST-TRACK THE closure of identified subsidiaries of central public sector enterprises (CPSES), the Centre has issued new timelines for the disposal of assets and retrenchment of employees not opting for voluntary retirement scheme (VRS) to achieve closure of such units in less than nine months after getting nod from competent authority.
1 min
Global economic outlook gloomier than projected last month: IMF
CITINGASTEADY worsening in purchasing manager surveys in recent months, the International Monetary Fund (IMF) on Sunday said the global economic outlook is even gloomier than the last month's projection.
1 min
Food inflation falls sharply in October
RETAIL FOOD INFLATION declined to 7.01% in October, from 8.6% in September, mostly driven by decline in prices of edible oils, meat products, pulses and onions. Inflation in the \"food and beverages\" category also declined to 7.04% in October from 8.4% in September.
2 mins
Mobile shipments fall 10 % in July-Sept
HIGH PRICES, WEAK DEMAND WEIGH ON NUMBERS: IDC
2 mins
Grasim net falls 1.5% to ₹964 cr
GRASIM INDUSTRIES, THE flagship company of Aditya Birla Group, posted a 1.5% fall in standalone net profit of ₹964.30 crore for the quarter ended September, falling below analysts' estimates. In comparison, the company had posted a net profit of 1979.14 crore during the same period of last financial year.
2 mins
5th biggest IT firm takes shape
MINDTREE DELISTED; NEW ENTITY RENAMED LTI-MINDTREE
2 mins
Probe against promoter won't hurt Jet deal: Kalrock Capital
FINANCIAL ADVISOR AND asset manager Kalrock Capital Partners said on Monday that the ongoing investigation related to its promoter Florian Fritsch will have no impact on the acquisition of Jet Airways.
1 min
Will be years before chip supply normalises: JLR CEO
JAGUAR LAND ROVER, the luxury automotive brands controlled by Tata Motors, expects the shortages in semiconductor supply to continue for several years creating uncertainty in productionrelated linkages despite mitigating steps taken internally by the two British brands.
1 min
Tork Motors to scale up output
GREENFIELD MINI FACTORY IN COUPLE OF MONTHS
1 min
Yield slightly better than expected
We raise our TP from 1,565 to 1,756 and upgrade to Hold
2 mins
‘Deep-tech Is a key differentiator for India’
India is a growing hub of innovative deep-tech startups with tremendous opportunities to develop products and solutions, not just for itself, but for the world. While these startups have akey role to play in India’s pursuit to become aglobal tech powerhouse, there are still a few hurdles that need to be addressed, Ramkumar Narayanan, Chair Nasscom Product Council and VPTechnology MD, VMware India, tells Sudhir Chowdhary in a recent interview. Excerpts:
2 mins
Strong UV demand drives growth
MAHINDRA & MAHINDRA RATING: BUY
2 mins
Higher employee cost dents margins
INDIAN HOTELS CO. LTD RATING: ADD
1 min
Taking the EMI route to pay your medical bills
QubeHealth offers no-cost credit to meet health expenses
1 min
Zelenskiy visits recaptured Kherson, vows to drive Russia out
UKRAINIAN PRESIDENT VOLODYMYR Zelenskiy on Monday visited Kherson, the biggest prize his troops have won so far, vowing to press on until Kyiv reclaims control of all its occupied territory.
2 mins
Twitter lays off 3,000 contract staff
TWITTER'S NEW OWNER Elon Musk is further gutting the teams that battle misinformation on the social media platform as outsourced moderators learned over the weekend they were out of a job.
2 mins
It's behind me: Imran Khan's U-turn on 'US conspiracy' claim
IMRAN KHAN HAS said he wants to mend relations with the US if reelected and no longer blames it for his removal as Pakistan prime minister, apparently taking a U-turn after accusing Washington of engineering his ouster by supporting the then Opposition's no-confidence motion.
1 min
Biden, Xi stress need to work together
MEET IN BALI AHEAD OF G20 SUMMIT
2 mins
‘We expect 5-10% growth in AUM profitability’
Manappuram Finance expects the momentum in profitability to continue in the next two quarters. Margin pressures are likely to come down going forward, VP Nandakumar, MD CEO, tells Sajan C Kumar. He says there is always space for banks, fintechs and non-banks to coexist by complementing each other amid healthy competition as the credit market in India is far from reaching saturation. Excerpts:
2 mins
Sebi move to streamline disclosure requirements
TO STREAMLINE THE disclosure requirements, Sebi has proposed mandating top 250 listed companies to confirm or deny any information reported in the mainstream media, which may have material effect on the listed entity.
1 min
Merger talks between Nippon Life and Birla Sun Life fall flat
MERGER TALKS BETWEEN Japan's Nippon Life and Birla Sun Life Insurance to jointly bid for Reliance Capital's (RCap) stake held in its life insurance subsidiary failed after the former refused to dilute its stake.
1 min
Mkt share gap between large and mid-sized banks to grow
THE GAP IN market share between large private banks and their midsized peers is likely to widen going ahead, as various mid-sized banks are saddled with legacy issues, which have hindered their ability to grow incremental market share, say experts.
2 mins
Embedded value growth little bit slow’: LIC
AS THE EMBEDDED value (EV) for Life Insurance Corporation of India (LIC) remained almost flat in the past one year, the country's largest insurer on Monday said the initial growth in EVwas \"little bit slow\" as the bifurcation of the single fund into separate participating (par) and non-participating (non-par) funds affected the performance of yield.
1 min
Rupee plunges 30 paise on dollar demand
THE RUPEE DEPRECIATED by 50 paise to close at 81.28 against the US currency on Monday due to strong dollar demand from corporates and oil companies and a firm dollar in the overseas markets.
1 min
RSS magazine targets Amazon, says funding religious conversions
RSS-AFFILIATED MAGAZINE THE Organiser has published a cover story in its latest issue accusing e-commerce giant Amazon of funding religious conversion in the country's Northeast.
1 min
VLC Media Player website unblocked after 9 months
THE MINISTRY OF Electronics and IT (MeitY) has lifted the ban on the website of VLC Media Player, nearly nine months after first issuing directions to block the website of VideoLAN, the non-profit that operates VLC Media Player and from where the application can be downloaded.
1 min
Employers scaling back remote work option, says LinkedIn report
90% of firms in India say economic downturn threatens flexible work
2 mins
Global growth and energy security to top Modi's agenda
PRIME MINISTER NARENDRA Modi on Monday said he will huddle with leaders of the G20 grouping in Bali to find ways to address challenges such as reviving global growth, ensuring food and energy security and handling issues relating to environment, health and digital transformation.
1 min
Electric vehicles start to enter the car-buying mainstream
THE FIRST WAVE of people who bought electric cars tended to be affluent, environmentally aware technology enthusiasts who lived in California. The second wave may be people like Russell Grooms, a librarian in Virginia.
1 min
Financial Express Mumbai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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