Financial Express Mumbai - November 17, 2022
Financial Express Mumbai - November 17, 2022
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In this issue
November 17, 2022
HK funds may come to India via Mauritius
Investors may take the master feeder structure route
3 mins
LIC's move to sell RCap debt to ARC irks lenders
THE LENDERS AND bidders of debt-laden Reliance Capital (RCap) have objected to Life Insurance Corporation's plans to sell bond investments worth ₹3,400 crore in the former Anil Ambani group company, alleging conflict of interest'.
2 mins
ONDC set to launch B2B testing
STARTING WITH GROCERIES
2 mins
G20 communique says today's era not of war
LEADERS OF THE G20 nations on Wednesday pushed for an immediate cessation of conflict in Ukraine and asserted that \"today's era must not be of war\", echoing Prime Minister Narendra Modi's message to Russian President Vladimir Putin in September.
2 mins
SoftBank to sell Paytm shares worth $215 million
The payments player listed on the exchanges in November last year and the lock-in period after the IPO expired on November 15.
1 min
JLR CEO Thierry Bollore quits for 'personal reasons'
JAGUAR LAND ROVER (JLR) chief executive officer Thierry Bollore has resigned from the post citing personal reasons, Tata Motors said on Wednesday.
1 min
Maha GST officials make 50th arrest for tax fraud
The and persons engaged in issuing fake invoices and claiming and passing fake input tax credits.
1 min
Arvind Virmani appointed full-time member of Niti Aayog
THE GOVERNMENT HAS appointed former chief economic advisor Arvind Virmani as the fourth full-time member of Niti Aayog, the apex government think-tank.
1 min
Muted consumption revival, delayed pvt capex cycle raise growth worries
OUTLOOK TURNS GRIMMER
1 min
RRBs may adopt reforms similar to larger banks
Finance ministry's bid to further strengthen the RRBs
2 mins
Centre unlikely to sell stake in ITC in FY23
THE CENTRE MAY not offload a portion of its stake in ITC held through the Specified Undertaking of the Unit Trust of India (SUUTI) in the current financial year, sources told FE. In terms of value, the ITC stake is the prized holding of SUUTI as its 7.87% equity at the current market price is worth about ₹33,570 crore.
1 min
Convene GST Council soon: West Bengal
\"May I also urge you to bring finality, through consensus, on the serious matters pending with two GoMs for over a year,\" Mitra said.
1 min
43% of MSMEs may end this fiscal with pre-Covid margins
NEARLY HALF OF the small businesses will not be able to claw back their margins to the pre-pandemic levels even though almost all of them will be able to match the fiscal 2020 revenue levels this fiscal due to the inability to completely pass on high commodity prices and the rupee's fall, as per a report.
1 min
Sugar exports of 14,447 tonne to EU, US get nod
This quantity is usually kept outside the ambit of any limit on sugar exports.
1 min
To start talks for new FTA next week: Goyal
There is a likelihood that the talks may start with the Gulf Cooperation Council
1 min
CIL expects 50 million tonne sales through e-auction in H2FY22
The state-run coal miner had sold around 30 million tonne through the e-auction platform during the first half of the current fiscal. In the last fiscal, e-auction volume stood at 108 million tonne
1 min
Global demand, low stocks push up Basmati rice rates
Procurement of paddy by traders is on at a brisk pace
2 mins
Rice exports to fall by 1.5 mt next year: USDA
Out of the 21 mt of rice shipment in 2021-22, India exported more than 17 mt of non-basmati rice and the rest of the volume was aromatic and long grain Basmati rice.
2 mins
Meta's ex-India policy chief joins Samsung
META PLATFORM'S FORMER policy head for India is set to take a similar role at Samsung Electronics's local unit, people with knowledge of the matter said.
1 min
'Our focus remains on mid-income to premium segment'
PIROJSHA GODREJ, CHAIRMAN, GODREJ PROPERTIES
2 mins
Karnataka to get six high-tech cities
KARNATAKA WILL GET six new high-tech cities across districts and also get a new startup park near the Bengaluru airport, chief minister Basavaraj Bommai announced while addressing the gathering at the 25th Bengaluru Tech Summit on Wednesday.
1 min
Bollore's Reimagine strategy at JLR ran into speed bumps
CHIP SHORTAGE PLAGUED TENURE
3 mins
India is now known for rolling out red carpet for investors: PM
BENGALURU TECH SUMMIT
1 min
Low fiberisation, equipment affecting network: COAL
We have been clamouring that fiberisation of towers is a crying need, even towerisation is a problem and both of these get tied up to right-of-way related permissions S P KOCHHAR, DG, COAI
2 mins
The low-code road to digitalisation
It enables the rise of citizen developers and faster speed to market
2 mins
Musk to remaining Twitter staff: Go 'hardcore' or leave
ELON MUSK SAYS Twitter is a software and servers company at its heart and has asked employees to decide by Thursday evening if they want to remain a part of the business, according to an email sent by the company's new owner to its remaining staff.
2 mins
Rupee dives 35 paise to 81.26 on fund outflows
THE RUPEE DEPRECIATED by 35 paise to close at 81.26 against the US dollar on Wednesday on disappointing trade data and foreign fund outflows. Forex traders said a negative bias on risk aversion in global markets also weighed.
1 min
SBI inks €150-m loan pact with German lender for solar projects
STATE BANK OF India(SBI) has entered into a €150-million loan agreement with German development bank KfW for financing solar power projects in India under the Indo-German solar partnership.
1 min
Kotak bank raises MCLR by 10 bps
KOTAK MAHINDRA BANK on Wednesday raised its marginal cost of funds-based lending rates (MCLR) by 10 basis points (bps). With this, the lender's one-year MCLR stands at 8.55%, as per information on its website.
1 min
Das tells bankers to stay watchful and proactive
RESERVE BANK OF India (RBI) governor Shaktikanta Das on Wednesday told bankers to remain watchful of the evolving macroeconomic situation, including global spillovers, and take mitigating measures proactively so that the potential impact on their balance sheets is minimised and financial stability risks are contained.
1 min
Financial Express Mumbai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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