Financial Express Mumbai - November 21, 2022
Financial Express Mumbai - November 21, 2022
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In this issue
November 21, 2022
MapMyIndia seeks level playing field with Google
SATELLITE IMAGERY NORMS LOADED AGAINST LOCAL FIRMS
2 mins
Budget to steer clear of major reforms, PSB sale
ELECTORAL CONSIDERATIONS WEIGH ON GOVT'S MIND. DIRECT BENEFIT TRANSFER FOR FERTILISER SUBSIDY ON HOLD.
3 mins
IL&FS unsecured creditors may recover 10-20%
UNSECURED CREDITORS IN Infrastructure Leasing & Financial Services (IL&FS) could recover 10-20% of their investments of over ₹10,000 crore.
2 mins
Proposal to expand tax remission scheme for exporters turned down
RoDTEP not to be extended to steel, pharma and chemicals
2 mins
Govt may remove penal offences covered under IPC from GST law
The proposal is part of the exercise to decriminalise GST law
1 min
Sitharaman to begin pre-budget discussions with industrialists today
VIRTUAL MEETINGS
1 min
Sovereign green bonds likely in FY24 too
After ₹16k cr issue in H2, govt to raise more funds via this route
3 mins
Closing cotton stock to increase by 2.5 million bales this season
This year so far, sowing is complete in 12.8 million hectares which is one million hectares higher than 2021-22.
2 mins
Food subsidy may cross ₹3 trn in FY23
NO DECISION YET ON EXTENDING PMGKAY BEYOND DEC 2022. 2022-23 EXPENSES LIKELY TO BE THE 2ND HIGHEST SINCE FY21
2 mins
WEF looking at solutions from India to help accelerate decarbonisation
THE WORLD ECONOMIC Forum (WEF) is looking at solutions from India to help accelerate decarbonisation worldwide as the focus is to try and bring the best practices from wherever they are to everyone else, according to a senior executive.
1 min
No prospect of recession in India, says Rajiv Kumar
INDIA WILL STILL grow at 6-7 per cent in the next 2023-24 fiscal even as the economy may be affected by uncertain global conditions, former Niti Aayog Vice-Chairman Rajiv Kumar has said amid growing fears of the world slipping into a recession.
1 min
'Demat accounts up 41% to 10.4 cr in Oct'
THE NUMBER OF demat accounts rose to 10.4 crore in October, 41 per cent higher from a year earlier, on attractive returns from the equity markets, even as incremental additions of such accounts have been on a declining trend for the past few months.
1 min
Marriage season demand brings cheer to Surat fabric units
THE ONGOING MARRIAGE season and the upcoming Pongal festivities have buoyed the prospects of the Surat-based man-made fabric (MMF) hub in the wake of fresh orders from the domestic market.
1 min
Twitter in a tough spot today, says ex-India CEO Maheshwari
'LAYOFFS EXPECTED TO CONTINUE.'SAYS MUSK MAY SUCCEED IN CHANGING BIZ MODEL, BUT AT A GREAT COST.
2 mins
RHI Magnesita to buy Dalmia Bharat unit for ₹1,708 cr
RHI MAGNESITA IS in the process of acquiring the refractory business of Dalmia Bharat Refractories (DBRL) in India for about ₹1,708 crore, Stefan Borgas, CEO of the Vienna-based company, has said. The share swap deal is being made through RHI Magnesita India, he added.
1 min
Mother Dairy raises full cream, token milk prices
Full cream milk price was hiked by ₹1 per litre, and that of token milk by ₹2 per litre in Delhi-NCR
1 min
Tata Tetley targets mass market for green tea offerings
WHILE MODERN TRADE and e-commerce are the focused trade channels for Tata Consumer Products for green tea distribution, the company plans to scale up its distribution in top outlets in general trade for better customer reach.
1 min
Opt for value funds for higher returns
These funds are suitable for aggressive investors who know macro trends & are ready to take selective bets
2 mins
Tips to reduce your rental expenses
You can pay rent online through payment apps and even credit cards and save up to 10% of your monthly rent with cashback and other offers
1 min
Bet on infra funds with caution
EQUITY INVESTING. THEY ARE MORE VOLATILE THAN DIVERSIFIED EQUITY MUTUAL FUNDS.
3 mins
Robust earnings, improving prospects
Brent crude prices have moderated to US$95/bbl levels
1 min
Operating parameters broadly stable
H1FY23 saw a spike in opex ratio; ₹1,150 crore retirement benefits
3 mins
Execution weak but will recover
Data centre, electronics, warehouse & logistics are high growth areas
1 min
Consistency pays
Back-to-back hits have put Kiara on brands' list of bankable celebrities
2 mins
Beijing covid death: More curbs feared
CHINA'S FIRST Covid-related death in almost six months has sparked concern that Beijing could see a return of heightened restrictions on schools, restaurants and shops amid a continuing outbreak in the capital.
1 min
FIFA revenue hits $7.5 billion
FIFA EARNED RECORD revenues of $7.5 billion in the four years of commercial deals tied to the 2022 World Cup in Qatar, the governing body of soccer said Sunday.
1 min
Musk mulls further layoffs in sales
Musk had offered Twitter employees an ultimatum: Either stay on and work long hours in a more 'hardcore' version of Twitter, or leave with severance pay
1 min
Trump snubs Twitter after revival of account
Donald Trump on Saturday said he had no interest in returning to Twitter even as a slim majority voted in favor of reinstating the former US president, who was banned from the social media service for inciting violence, in a poll organised by new owner Elon Musk.
1 min
India to take over chair of global Al tie-up for 2022-23
In the election to the Council Chair, India had received more than a two-thirds majority of first-preference votes while Canada and the US ranked in the next two best places
1 min
Isha Ambani welcomes twins
MUKESH BILLIONAIRE AMBANI'S daughter Isha and son-in-law Anand Piramal have been blessed with twins - a boy and a girl - the family said on Sunday.
1 min
PM Modi hits out at Congress over Medha Patkar joining Bharat Jodo Yatra
LASHING OUT AT the Congress for Narmada Bachao Andolan leader Medha Patkar joining Rahul Gandhi during the Bharat Jodo Yatra in Maharashtra, Prime Minister Narendra Modi Sunday said this was an indication of how much damage the party intends to cause to Gujarat in the coming days.
1 min
Data Bill draft skips right to privacy, says advocacy group
CUTS said the draft weakens the regulatory, supervisory, and enforcement architecture by replacing the previously proposed regulator with a board that will be in control of the government
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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