Financial Express Mumbai - November 24, 2022
Financial Express Mumbai - November 24, 2022
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In this issue
November 24, 2022
Prosus values 9.67% stake in Byju's at $578 million
$6-BN VALUATION NOT A MARKDOWN, SAY ANALYSTS
1 min
Real rural wage growth remains negative for 10 months in a row
THE GROWTH IN real rural wages is now negative for the tenth straight month to September. While the contraction is largely due to elevated inflation, the sluggishness in the rural economy has left demand for labour subdued, thereby capping nominal wages.
1 min
Firms will have to fork out ₹1,500 cr for pvt spectrum
THE COMPANIES THAT have applied for spectrum to build their private captive networks will have to shell out around *1,500 crore to buy it from the government, sources said.
2 mins
Rollback of steel export duty might not prop up volumes
UNLIKELY TO PROVIDE SUPPORT TO DOMESTIC PRICES: EXPERTS
3 mins
Edible oil prices to decline further, says food ministry
EDIBLE OIL PRICES are likely to soften further in the coming months, due to a decline in global prices and robust domestic crop prospects, a food ministry official said on Wednesday.
1 min
Tax collections to exceed BE by 4 trn, says revenue secy
Buoyant I-T, Customs duty, GST mop-up to provide boost
1 min
Goldman Sachs sees India's GDP growth falling to 5.9% in 2023
'GROWTH TO RECOVER IN H2 2023 AFTER SLOWDOWN IN H1'
2 mins
Stock-holding limit for wheat unlikely
THE GOVERNMENT ON Wednesday ruled out imposing a stocking-holding limit for wheat anytime soon to curb a spike in the retail prices of the cereal.
2 mins
Swiggy's food biz hits $1.3-bn GMV in six months
FOOD TECH GIANT Swiggy has seen a significant rise in its restaurant food delivery and quick-commerce businesses, according to Prosus - one of its largest investors.
1 min
India best placed to leverage China's tensions with the West: Stellantis CEO
INDIA HAS A great opportunity to benefit from the geopolitical strain between China and the Western world, said Carlos Tavares, Global CEO of Stellantis, who is in India to review the company's business prospects and finalise the future course of action including model launches and investments.
2 mins
Meesho latest to join govt's ONDC platform
SOFTBANK-BACKED MEESHO, an e-commerce platform, on Wednesday said it would be integrating with the government's Open Network for Digital Commerce (ONDC).
1 min
Adani weighs capital mop-up
WITH THE DEBT levels of Adani Group not having fallen meaningfully in the last six months, the management is weighing a mop-up of capital.
1 min
Ather Energy opens second unit in TN as e-scooter demand grows
ELECTRIC TWO-WHEELER maker Ather Energy on Wednesday inaugurated its second manufacturing facility in Hosur, Tamil Nadu, to meet the growing demand for its scooters.
2 mins
Hindustan Motors looks to drive proposed EVS into overseas markets
MITHUN DASGUPTA Kolkata, November 23 HINDUSTAN MOTORS, WHICH is planning to manufacture electric vehicles (EVS), is exploring the possibility of exporting the proposed vehicles to overseas markets.
1 min
Spinny launches first offline experiential hub in Bengaluru
USED CAR BUYING and selling platform Spinny on Wednesday launched its first offline outlet in Bengaluru city, which the company says is a superlative one-of-its-kind experiential offering.
1 min
Marico eyes revenue boost from food biz
MARICO IS INCREASING focus on the food portfolio and is diversifying its products at a rapid pace to include more healthier options, which will help the company achieve a revenue of ₹650 crore from the segment by March 2023.
2 mins
Deadlines for efficiency
COMPETITION AMENDMENT BILL THE DEEMED APPROVAL PROVISION IN THE BILL WILL ENSURE TIMELINESS OF CCI OPERATIONS
4 mins
Future-proof your data centre
DATA CENTRES ARE the heart of every digital initiative, and are critical to the success of every enterprise.
2 mins
Give a missed call to make online payments
This fintech startup brings UPI facility to feature phones
2 mins
Keep all your devices connected and charged
Sturdy and compact, this multi-functional USB makes life easier
1 min
Nepal polls: Deuba wins, NC leads
Nepal Prime Minister Sher Bahadur Deuba was elected on Wednesday with a huge margin of votes for the House of Representatives for the seventh consecutive time, with his ruling Nepali Congress party leading in the election tally by winning 13 seats so far.
1 min
Walmart employee kills six, self in Virginia
A Walmart employee killed six people and wounded several others before fatally shooting himself at a store in Chesapeake, Virginia, authorities said on Wednesday, in the latest episode of gun violence in the United States.
1 min
Russia fires missiles across Ukraine
Knock out power for million of people
2 mins
Credit Suisse clients pull out $88 billion
Zurich-based bank warned it will face a loss of up to 1.6 billion for the three final months of the year, partly as a result of the decline in wealth and asset management client funds
1 min
China iPhone plant rocked by unrest
Workers complain of delayed pay, lack of food; cameras smashed
3 mins
Banking system better placed to sustain loan growth: Khara
The country's biggest lender has a project pipeline of 2.5 trn
1 min
Shriram Financial to be holding company of group's financial services business
INCHING CLOSER TO the culmination of the merger process of its NBFCs, the Shriram Group on Wednesday said Shriram Financial Ventures (Chennai) (SFVPL), which was the holding company of Shriram Capital (SCL), will become the promoter and holding company of the financial services and insurance businesses of the group after the merger.
1 min
Promoter holding in NSE firms rises 12%
PRIVATE PROMOTER value in companies listed on the National Stock Exchange (NSE) went up to 44.61% as on September 30, 2022, from 44.32% in the previous quarter.
1 min
Stocks gain marginally; Delhivery declines 3%
THE BENCHMARK INDICES ended with marginal gains on Wednesday with a good showing by financials and select pharma stocks, while Delhivery slid close to 3%.
1 min
Third-party validation is future: Buch
WITH THE LEVEL of digitisation happening across the ecosystem going forward enabled by technology, 'third party validation' is the future, Sebi chairperson Madhabi Puri Buch said on Wednesday.
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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