Financial Express Mumbai - November 18, 2022
Financial Express Mumbai - November 18, 2022
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In this issue
November 18, 2022
Amazon arbitration: SC slams Future
E-commerce major seeks ₹1,400 cr in damages
2 mins
Small firms face big loan burden
The ICR is an indication of the ability of a company to service the interest on its books.
1 min
Windfall tax on domestic crude hiked
Levy on the export of diesel lowered to ₹10.5 per litre from ₹13
1 min
Govt looks to allay exporters' Russia payment concerns
\"While payments for Indian exporters are flowing in, efforts have been on to expedite the payment flow. All the issues raised by exporters are being looked into,\" he said.
1 min
CAG calls for greater focus on audit of state finances
Murmu also stressed strengthening the audits of local bodies given the that 15th Finance Commission grant award of ₹4.36 trillion to support local governments for a five-year ending FY26.
1 min
Satellite broadband launch to take longer
The service will resolve internet connectivity issues in remote areas
3 mins
Footwear sales hint at a shift in taste
While the company's revenue declined 6% year-on-year to nearly ₹670 crore, its gross margins took a sharp knock of 590 basis points y-o-y, coming in at 48.9%, while operating margins declined 750 basis points y-o-y to 8.9%, which led to a sharp 67% y-o-y fall in the net profit at 22.4 crore, during the quarter.
1 min
Aditya Birla Fashion in strategic deal with French luxury brand
In recent years, Indian consumers' appetite for luxury brands has increased. The country witnessed a strong demand for luxury retail goods even during the pandemic.
1 min
Dunzo lines up $200m funding
Reliance Retail, Google likely to skip the latest capital infusion
2 mins
British supercar maker McLaren enters India
FIRST SHOWROOM IN MUMBAI
1 min
Godrej Tyson expands veg portfolio
Yummiez has been present in frozen food snacks market since 2005 and provides both non-vegetarian and vegetarian frozen snacks
1 min
Bisleri eyes increased footprint in carbonated drinks segment
CATEGORY EXPANSION
1 min
UK economy set to shrink next year, says treasury chief Hunt
The new forecast is for gross domestic product to contract by 1.4% next year compared with a projection for growth of 1.8% in the previous outlook published in March by the Office for Budget Responsibility (OBR).
1 min
Alibaba posts surprise loss as China covid curbs take a toll
Alibaba is focusing on shoring up its bottom line as Covid policies and antitrust measures imposed during last year's tech sector crackdown sap growth.
1 min
Xi: Asia should not become arena for 'big power contest'
Says attempt to wage cold war will not be allowed by people
2 mins
FIFA World protection Cup 2022: Players to get from social media abuse
FIFA said on Wednesday that the more than 830 players in Qatar can access a \"dedicated monitoring, reporting and moderation service\" that aims to filter hate speech targeted at them.
1 min
Financial Express Mumbai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
The Financial Express brings the latest and breaking business news from Markets and Industries in India.
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