Financial Express Mumbai - December 09, 2022
Financial Express Mumbai - December 09, 2022
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In this issue
December 09, 2022
MFs piggyback on thematic funds to shore up assets
NEARLY 40% OF the equity schemes launched this year by asset management companies have been thematic or sectoral funds.
1 min
Lotus blooms in Gujarat, but wilts in Himachal
BJP tally 156 in Gujarat, Cong at 40 in Himachal
4 mins
Foxconn invests 500 m in India unit
TAIWAN'S FOXCONN, THE world's largest contract electronics maker, said on Thursday that its Singapore unit has acquired 4.08 million shares in Foxconn Hon Hai Technology India Mega Development Private Limited for $500 million.
1 min
Aim to increase telecom R&D fund to ₹4,000 crore/year: Vaishnaw
THE GOVERNMENT IS planning to increase allocation for localised research and development (R&D) activities from the telecom technology development fund (TTDF) to ₹3,000-₹4,000 crore per year soon.
1 min
Tax remission scheme to see 10% increase in outlay
Oct exports dropped 16.7%, first decline in 20 months
2 mins
Govt relaxes work-from-home rules for SEZ staff
THE COMMERCE MINISTRY further liberalised rules on Thursday to allow up to 100% employees of special economic zone (SEZ) units to work from home (WFH) or from any place outside the SEZs until the end of December 2023.
1 min
Govt to sell 2-3 mt of FCI wheat in open market
THE GOVERNMENT IS likely to offload 2-3 million tonne (mt) of wheat under the Open Market Sale Scheme (OMSS) from the Food Corporation of India's (FCI) stocks to bulk buyers soon, to curb rising prices of the grain.
2 mins
Chand backs scheme for universal income
PM-Kisan should be converted, says Niti Aayog member
2 mins
JSPL acquires debt-laden Monnet Power for ₹410 cr
JINDAL STEEL AND Power (JSPL) has acquired debt-laden Monnet Power for ₹410 crore through insolvency route, a company official said on Thursday.
1 min
Shenu Agarwal appointed new MD CEO of Ashok Leyland
HINDUJA GROUP'S COMMERCIAL vehicle major Ashok Leyland (ALL) on Thursday appointed Shenu Agarwal as MD & CEO of the company with immediate effect.
1 min
Sun Pharma's Halol unit under FDA import alert
PLANT FACED SIMILAR ACTION IN AUGUST
1 min
UP is becoming global data center hub
New MoUs worth Rs 39,000 crore for various projects signed between UP Govt and Hiranandani Group
3 mins
TDS on perks: Further clarity needed despite CBDT circular
Several practical challenges in applying Section 194R remain
2 mins
How age impacts your loan eligibility
Unsecured loan options shrink as you get closer to retirement
2 mins
Tesla to shorten Shanghai unit shifts, delay hires
EV pioneer faces tough competition from local car makers
2 mins
For iPhone app users, Twitter likely to hike bluetick price to $11
TWITTER PLANS to change the pricing of its Twitter Blue subscription product to $11, from $7.99, if paid for through its iPhone app and to $7 if paid for on the website, the Information reported on Wednesday, citing a person briefed on the plans.
1 min
Bank Nifty scripts record close as benchmarks gain
THE BANK NIFTY closed at a record high of 43,596.85, up 498.15 points, or 1.16%, on Thursday, on a day the Nifty50 ended its four-session losing run and rose 48.85 points, or 0.26%, to 18,609.35.
1 min
Top 100 generators create ₹92.2-trn wealth in 2017-22
Gujarat Gas was the only wealth-creating public sector undertaking
2 mins
RCap arm seeks ₹600 crore from parent
RELIANCE GENERAL INSURANCE Company (RGICL), a subsidiary of debt-laden Reliance Capital (RCap), has sought an \"urgent\" capital infusion of 600 crore from the parent firm to pursue growth.
1 min
Govt planning to pick private sector professional to head LIC
THE GOVERNMENT AIMS to appoint a private sector professional as the first chief executive of the Life Insurance Corporation of India (LIC), in an effort to modernise its largest insurer after a disappointing stock market debut, two government officials said.
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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