Financial Express Mumbai - March 18, 2023
Financial Express Mumbai - March 18, 2023
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In this issue
March 18, 2023
Forex reserves fall most since Nov
FOREIGN EXCHANGE RESERVES fell $2.4 billion to $560 billion for the week ended March 10, their lowest since early-December, the Reserve Bank of India's (RBI) statistical supplement showed on Friday.
1 min
Tatas cease talks on Bisleri deal
Valuation proves to be a stumbling block
1 min
Mercedes-AMG E 53 Cabriolet: Open-top, but not over the top
The E 53 Cabriolet can make you wonder if you even needa Lamborghini ora Ferrari, which are 3-4 times more expensive
2 mins
Air India makes VRS offer to staff, again
AIR INDIA ON Friday launched a voluntary retirement scheme (VRS) for its non-flying staff with relaxed criteria for employees aged 40 and above, making it the second such offer by the Tata Sons-controlled airline since June last year.
1 min
Bharti takes on Jio with unlimited 5G data offer
IN A SIGN of the intense competition in the telecom market, Bharti Airtel on Friday allowed all its postpaid customers and those with prepaid plans of ₹239 or more unlimited access to 5G data. On Wednesday, Reliance Jio had launched postpaid plans for individuals and families that were priced at a discount of 30% to those of peers.
2 mins
Walmart infuses $200 mn in Phone Pe
Fundraise, which values PhonePe at $12 bn, part of ongoing $1-bn round
2 mins
DEFINITION TO BE ADDRESSED: Founders to face stricter Sebi scrutiny
Must not own ESOPs if they have rights akin to promoters
2 mins
Wheat fields in full bloom as heatwave fears recede
BUMPER YIELD EXPECTED TO IMPROVE SUPPLIES AND REDUCE PRICES
3 mins
HDFC to mull ₹57k-cr fundraise on Mar 27
HDFC ON FRIDAY said its board would consider raising funds through non-convertible debentures (NCDs) in tranches aggregating to ₹57,000 crore.
1 min
Consent of borrowers must for NFIR to share data, says DEA secy
BORROWERS' CONSENT WILL be a must for the proposed National Financial Information Registry (NFIR) to share the data at its disposal with the lenders, economic affairs secretary Ajay Seth told FE.
2 mins
Banking system stable, resilient: Das
RESERVE BANK OF India (RBI) governor Shaktikanta Das on Friday said that the country's banking system continues to be stable and resilient, and lenders have built sufficient buffers to shield themselves from any unforeseen stress.
2 mins
FINANCIAL IMPLICATION YET TO BE EXAMINED: Wait for higher pension under EPS to be longer
No clear timeframe for implementation by EPFO
2 mins
Mega textile parks in 7 states to boost jobs creation: PM
MEGA TEXTILE PARKS, to be set up in seven states, will attract massive investments and give a big push to jobs creation, Prime Minister Narendra Modi said on Friday. \"The PM MITRA mega textile parks will provide state-of-the-art infrastructure for the textiles sector, attract investment of crores and create lakhs of jobs.
1 min
LEADERSHIP CHANGE AT IT MAJOR - Transition top priority: Outgoing TCS CEO
CEO-designate Krithivasan says it’s a continuum’
2 mins
Google's breakthroughs not limited to Al
Generative Al is great, but what’s more impressive is the continued march toward quantum supremacy
2 mins
Sebi eases norms for processing investors' service requests by RTAs
SEBI ON FRIDAY came out with simplified procedural requirements for processing investors' service requests by registrar and share transfer agents (RTAS) to push ease of doing business.
1 min
RBI slaps ₹5-lakh fine on HDFC
THE RESERVE BANK of India on Friday said it has imposed a penalty of 5 lakh on Housing Development Finance Corporation (HDFC) for non-compliance with certain provisions issued by the National Housing Bank (NHB).
1 min
Xi to visit Russia next week as China touts Ukraine peace plan
CHINESE PRESIDENT XI Jinping will visit Russia next week, officials from both countries said on Friday, weighing into the Ukraine conflict just as relations between Moscow and Washington hit a new low.
1 min
"Formula E is an incredibly exciting sport"
Sam Bird is one of the few Formula E drivers to have competed in over 100 races, and the only to have won a race in the first seven seasons of the Championship from 2014-21.
1 min
Coke says no to price war with Campa Cola
Beverages major plans to offer more pack size options
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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