Financial Express Mumbai - November 23, 2022
Financial Express Mumbai - November 23, 2022
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In this issue
November 23, 2022
Market players seek single tax on sale of employee stock options
MARKET PLAYERS REACHED out to finance minister Nirmala Sitharaman with a litany of demands ahead of the Union Budget for FY24 at a closed door meeting that lasted for an hour on Tuesday.
3 mins
Google joins its Big Tech peers to lay off 10,000 employees
PRESSURE FROM INVESTORS, ADVERSE MARKET CONDITIONS
1 min
Q-commerce in slow lane
Companies slap additional charges for speedy orders
2 mins
Australian Parliament approves India FTA
INDIA AND AUSTRALIA would now implement the free trade agreement (FTA) on a mutually agreed date as the Australian Parliament on Tuesday approved the pact between the two countries, reports PTI.
2 mins
Earnings downgrade picks up the pace
NIFTY FIRMS' PROFITS TO GROW JUST 11% IN FY23
1 min
Paytm plunges over 11% to record low
Macquarie cites risks from RIL's fintech foray
1 min
HC rejects Future's plea to terminate arbitration proceedings
THE DELHI HIGH Court on Tuesday dismissed Future Group's plea seeking termination of the arbitration proceedings initiated by Amazon before the Singapore International Arbitration Court (SIAC).
1 min
Farmers demand hike in PM-Kisan benefits
FARMERS GROUPS ON Tuesday proposed several measures including direct benefit transfer (DBT) for fertiliser subsidy, increase in financial assistance to farmers under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) and a policy to disallow import of agricultural commodities where landed costs are below the minimum support support price announced by the government.
2 mins
UK deal a priority; next round of talks in Dec: Goyal
TRADE DEALS GATHER PACE
2 mins
PM to brainstorm chief secretaries with state in Jan
FOCUS ON INCLUSIVE GROWTH AND JOBS
2 mins
28% online gaming tax to stay
PROPOSAL SENT TO GST COUNCIL
2 mins
Yogi woos investors with UP's law & order, infra
PRESENTING UTTAR PRADESH as a land that is successfully straddling the best of both worlds-from the \"blessed land of Lord Ram\" to the \"modern land of Expressways\"; the \"Blessed land of Lord Krishna\"to the \"leading state with five international airports\"; and India's cultural and spiritual capital that's fast transforming into a \"growth engine\" for the economy chief minister Yogi Adityanath Tuesday announced the Uttar Pradesh Global Investors Summit (GIS), to be held February 10-12 next year in Lucknow, and urged investors to find UP as their next big destination.
1 min
Food ministry to convert 212K PDS shops into common service centres
FOR ECONOMIC VIABILITY of fair price shops (FPS) through generation of additional revenues, the food ministry is aiming to convert around 212,000 of these outlets into common service centres (CSCS) which are expected to provide a host of services.
1 min
IndiGo struggles with timing, Air India & Vistara most punctual in October
INDIA'S LARGEST AIRLINE IndiGo remained at the fourth spot in ontime performance (OTP) at four metro airports, while Tata Group's Air India, Vistara and AirAsia clinched the top three spots in October.
1 min
OTT apps should compensate telcos for network: COAI
THE CELLULAR OPERATORS Association of India (COAI), which represents major telecom companies, has proposed a framework for over-the-top (OTT) communication apps such as WhatsApp, Signal, and Telegram to compensate telcos for using the network to provide their services.
1 min
Nykaa CFO Agarwal resigns after two years
BEAUTY PRODUCTS RETAILER Nykaa's chief financial officer (CFO) Arvind Agarwal has resigned from the company, its parent firm FSN ECommerce Ventures said in a regulatory filing on Tuesday.
1 min
Voda Idea loses 4 m users, Jio tops additions yet again
Total mobile user base falls in September after rising for six months
2 mins
NCLAT stays ₹169-cr CCI fine on Oyo
THE NATIONAL COMPANY Law Appellate Tribunal (NCLAT) on Tuesday stayed a ₹169 crore penalty imposed on Oravel Stays by the competition commission of India (CCI). Oravel Stays operates under the brand name Oyo.
1 min
Britannia, Nestle improve rural play with focus on direct reach
MARKET SHARES INCH UP, BOOST SALES
2 mins
BCAS revokes Jet Airways' security training status
THE BUREAU OF Civil Aviation Security BCAS) has revoked the aviation security training institute ASTI) status of Jet Airways for non-compliance.
1 min
NBCC charts out expansion plans
EYES LARGER OVERSEAS ROLE
2 mins
Licious FY22 losses soar 130% on ad expenses
DIRECT-TO-CONSUMER (D2C) meat delivery company Licious saw its losses surge to ₹855 crore in FY22, up about 130% from FY21, dragged down by higher advertisement and promotional expenses, coupled with increasing employee benefit costs.
1 min
India can lead green energy transition, says Tata Sons chief
TATA GROUP CHAIRMAN Natarajan Chandrasekaran on Tuesday said transition to a cleaner and greener energy is an imperative that no one can wish away and India is well-placed to lead the change.
1 min
Economy to grow 13-fold by 2047: Ambani
INDIA IS LIKELY to become a $40 trillion economy by 2047 - a 13-fold jump from its current size-driven primarily by a clean energy revolution and digitalisation, billionaire Mukesh Ambani said on Tuesday.
1 min
Governing MIIs
MARKET INFRASTRUCTURE INSTITUTIONS (MIIs) MUST BE GOVERNED IN A WAY THAT ENSURES TRANSPARENCY
4 mins
Have the markets turned around?
Fed action had a salubrious effect on the stock markets, and the Sensex has been on an upward trajectory aided by the FPI inflows
3 mins
Do's & dont's for availing tax benefits
OPD subscription plans are not eligible for any tax sops
2 mins
The second-last benchers of India
Don't send the 40-55-year-olds to teerth yatra yet
2 mins
Why your child education plan may not be enough
Check whether the returns are keeping pace with inflation
2 mins
'Local manufacturing is a matter of time - about when and not if'
INTERVIEW: BALBIR SINGH DHILLON, head, Audi India
3 mins
Europe to be hit hardest in global slowdown: OECD
THE GLOBAL ECONOMY should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the OECD said, adding that fighting inflation should be policymakers'top priority.
1 min
Don't like Musk? Work for us! Tech firms woo ex-Twitter staff
Half of staff fired by firm Musk-led firm
2 mins
Covid: Shanghai tightens entry, Beijing shuts parks
BENING SHUT PARKS and museums on Tuesday and Shanghai tightened rules for people entering the city as Chinese authorities grapple with a spike in COVID-19 cases that has deepened concern about the economy and dimmed hopes for a quick reopening.
1 min
When Disney decided to dump its CEO, the change happened fast
BOB IGER was adamant that he was done. On the evening of November 5, the former chief executive officer of Walt Disney dined alongside Hollywood royalty at a gala hosted by the Los Angeles County Museum of Art.
3 mins
UK probes Apple, Google mobile browser dominance
BRITAIN'S COMPETITION watchdog on Tuesday launched an in depth investigation into the dominance of the mobile browsers of Apple and Google.
1 min
Brexit: Amid economic woes, Britain has second thoughts
UK FACES RECESSION, COST-OF-LIVING CRISIS
2 mins
S&P upgrades improving on Axis Bank rating asset quality
S&P GLOBAL RATINGS on Tuesday upped its credit rating on Axis Bank with a 'stable' outlook on expectations that the lender will maintain good asset quality over the next two years.
1 min
Co-lending pacts to gain more traction, says KPMG
NON-BANK LENDERS would investhave to make a significant ment on the co-lending framework to help mitigate risks arising from the first loss default guarantee arrangement (FLDG), KPMG said in a report on Tuesday.
1 min
Markets snap 3-day losing streak; IT, financial stocks gain
AFTER THREE SESSIONS of closing in the negative, the benchmark indices were in the green on Tuesday, buoyed by IT and financial stocks.
1 min
HC relief for Shankar Sharma, Devina Mehra
SHOW CAUSE NOTICES QUASHED IN FERA VIOLATION CASE
2 mins
Settlement scheme extended by 2 months
ILLIQUID OPTION CASES
2 mins
Competition to get more intense with Jio Financial entering fray
With KV Kamath at the helm, firm likely to have aggressive growth plans
1 min
Rupee rises 12 paise to close at 81.67
SNAPPING ITS FOUR-SESSION losing streak, the rupee appreciated by 12 paise to close at 81.67 against the US dollar on Tuesday as the American currency retreated from its elevated levels.
1 min
NBFCs want to have refinance window to avoid liquidity risk
THERE IS A need to allow refinancing window to non-banking finance companies (NBFC) in order to parry liquidity crunch, which is the single-largest risk for the sector, according to experts.
1 min
Health insurers can leverage professional registry: Irdai
GENERAL AND STANDALONE health Insurance companies, offering health insurance policies, can consider leveraging the health professional registry (HPR) under the Ayushman Bharat Digital Mission for building up a network of doctors and physicians for providing OPD or other healthcare services.
1 min
AWS launches 2nd infra region in India
TO INVEST $4.4 BN BY 2030
1 min
Startups focus on sustainable, social entrepreneurship
IMAGINE THIS: A shawl or scarf made from chicken feathers, softer than Pashmina shawls. Surprised?
2 mins
'Rozgar Mela' jobs benefit of double-engine govts: PM
CALLING NEW RECRUITS under the 'Rozgar Melas' his \"colleagues and co-travellers\" in the country's development, Prime Minister Narendra Modi has said that the appointments made under the drive were \"double benefit of the double-engine governments\".
1 min
VOSTRO ACCOUNTS & TRADE WITH RUSSIA
Five Indian banks and two Russian ones, with branches in India, have received regulatory clearance from the RBI to open rupee vostro accounts. This is key for India as it will reduce dependency on US dollars and brave the commodity price surge. Sarthak Ray explains what a vostro account is and how it helps.
2 mins
Argentina blown by Saudi storm
EIGHT SECONDS SHORT of 14 minutes in stoppage time, the referee blew his whistle.
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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