Financial Express Mumbai - March 12, 2023
Financial Express Mumbai - March 12, 2023
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In this issue
March 12, 2023
₹250-CRORE DEAL POSSIBLE: CarTrade closes in on GoMechanic
TWO MONTHS AFTER admitting to fudging of accounts, carservicing startup GoMechanic is in an advanced stage of discussions to sell its business to used car retailing platform CarTrade for ₹250 crore in cash.
3 mins
Banks, fintechs come to aid of domestic startups
Help move funds from US banks by creating Nostro accounts
3 mins
Car manufacturers sitting on 800,000 pending orders
Chip shortage easing but launch of new models leading to higher bookings
2 mins
Need to work in mission mode to help artisans: PM
LAST POST-BUDGET WEBINAR
1 min
RBI should pause, think about decoupling from Fed: Ghosh
THE RBI SHOULD \"pause and think\" if it can continue mirroring the US Federal Reserve \"stroke by stroke\" in terms of rate hikes or decouple from the American central bank, SBI group chief economic adviser Soumya Kanti Ghosh said.
1 min
Air India gets DGCA nod for cross utilisation of wide-body pilots
AVIATION REGULATOR DGCA has approved Air India's long-pending request to allow the same pilots to operate two types of Boeing wide-body aircraft, according to officials.
1 min
Growth in direct tax revenue moderates, up 16.8% on-year
DIRECT TAX COLLECTIONS grew 16.8% on-year so far in the current fiscal year, led by a robust growth in personal income tax.
1 min
EXPANDING THE SCOPE OF EXISTING FTA: India, Aus agree for early conclusion of trade talks
Aiming to push bilateral trade to $100 billion
3 mins
CORONATION CHALLENGES
Slated to take place in May, the coronation of Charles III is making a lot of news, both good and bad
2 mins
Putting lipstick on the numbers
ON THE REPUBLICAN party's campaign during the US presidential election in 2008, the Democratic party's candidate, Mr Barack Obama, said, \"you can put lipstick on a pig, but it is still a pig.\"
3 mins
New room-temperature superconductor offers tantalising possibilities
The breakthrough could transform almost any technology that uses electric energy, opening new possibilities for your phone, magnetically levitating trains, etc
5 mins
US govt set to further tighten chipmaking exports to China
The US government has briefed companies about the plan, telling them that it expects to announce the new restrictions as early as next month
2 mins
Silicon Valley Bank's demise began with downgrade threat
IN THE MIDDLE of last week, Service Moody's Investors delivered alarming news to SVB Financial Group, the parent of Silicon Valley Bank: the ratings firm was preparing to downgrade the bank's credit.
2 mins
SVB chief sold $3.6 m in stock days before failure
Sales made through revocable trust controlled by Becker
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.
The Financial Express is the best source of information on Business, Finance, Stock Markets, Equity market, Economy, companies and Industries.
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