Financial Express Mumbai - December 21, 2022
Financial Express Mumbai - December 21, 2022
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In this issue
December 21, 2022
Buybacks via exchange route to be phased out
GOVERNANCE BOOST AT MARKET INFRA INSTITUTIONS. TO CREATE LEVEL-PLAYING FIELD FOR ALL INVESTORS, SAYS SEBI CHAIRPERSON.
3 mins
On e-auction eve, RCap's highest bidder opts out
Says changes in resolution plan made it unviable
2 mins
IDBI Bank buyer to get tax relief on LIC stake
THE CENTRE WILL exempt the potential buyer of IDBI Bank from tax liability on notional gains if the market value of shares sold by Life Insurance Corporation (LIC) is higher than the price discovered through a competitive bidding process.
1 min
Disinvestment receipts at ₹4 trn
THE CENTRE HAS mobilised a whopping ₹4.04 trillion through minority and strategic disinvestment of PSEs along with residual stake sales in some private companies after prime minister Narendra Modi came to power in May 2014.
1 min
Non-fossil energy capacity seen touching 500 GW by 2030
INDIA HAS INSTALLED electricity capacity of 172.72 giga watt (GW) from non-fossil fuel sources as on October 31, 2022, the ministry of new and renewable energy said on Tuesday, adding that it is working towards achieving 500 GW capacity from these sources by 2030.
1 min
VI risks losing premium users
LAGGING BEHIND IN 5G TRANSITION
2 mins
Maruti to introduce two SUVs at Auto Expo
MARUTI SUZUKI WILL introduce two new SUV models at the Auto Expo 2023, to be held from January 13-18 in Greater Noida.
1 min
Bharti acquires 8% stake in tech startup
BHARTI AIRTEL HAS acquired an 8% stake in Bengaluru-based technology startup Lemnisk for an undisclosed amount to strengthen its communication product that it offers to enterprises.
1 min
Amazon reaches pact with EU over use of data, avoids fine
US ONLINE RETAIL giant Amazon reached a settlement with the European Union on Tuesday in two antitrust probes after addressing concerns over its use of sellers' data, in a move that will save it from a fine of up to 10% of its global turnover.
1 min
Xiaomi to cut 10% of jobs
CHINA'S XIAOMI HAS started laying off workers in its smartphone and internet services business, joining a long list of Chinese tech firms cutting jobs as the country battles Covid-19 outbreaks.
1 min
'Bankman-Fried ready for extradition'
SAM BANKMAN-FRIED has decided to agree to be extradited to the United States to face fraud charges, a person familiar with the matter said on Monday, just hours after the FTX founder's lawyer told a Bahamas judge he was not ready to consent.
1 min
PE/VC bat for tax parity for unlisted scrips
MORE RUPEE CAPITAL NEEDED
2 mins
Domino's 20-minute delivery in 14 cities
Domino's Pizza on Tuesday said it would now deliver pizzas in 20 minutes across 20 zones, in 14 cities.
1 min
Uber India's FY22 losses narrow 35% to ₹216 cr
Narrowing of losses aided by a reduction in advertising spends which were down 64% to ₹44 crore in FY22
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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