Financial Express Mumbai - March 25, 2023
Financial Express Mumbai - March 25, 2023
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In this issue
March 25, 2023
Nexa's next: Overtake Hyundai, Tata
MARUTI SUB-BRAND POSTS 47% GROWTH IN CURRENT FISCAL
2 mins
LOK SABHA PASSES FINANCE BILL WITH 64 AMENDMENTS: THE STING IN THE TAIL
Debt mutual funds lose long-term tax advantage. STT on F&O hiked by 25%; tax on royalty fee doubled. Finance secretary-led panel to address threat to pension reforms
3 mins
Big blow to Cong as LS disqualifies Rahul
A DAY AFTER Congress leader Rahul Gandhi was convicted by a Surat court and sentenced to two years in jail in a defamation case over his Modi surname remark, the Lok Sabha Secretariat issued a notification Friday, announcing that he is no longer a member of the Lower House.
2 mins
Deutsche, UBS fall on financial crisis worries
The German bank’s credit default swaps rise the most in 4 yrs
3 mins
Nykaa sees exit of five top executives
FIVE EXECUTIVES FROM Falguni Nayar-led fashion and beauty company Nykaa have resigned, a company spokesperson said on Friday.
1 min
Forex kitty jumps by $12.8 bn to $572.8 bn
INDIA'S FOREX KITTY rose by $12.798 billion to $572.801 billion in the week ended March 17, the Reserve Bank said on Friday.
1 min
35% of debt fund money may get impacted
THE FINANCE BILL amendment that removed long-term tax benefits for debt funds took a toll on shares of asset management companies (AMCs) on Friday.
1 min
PNB's AT-1 bonds sail through
Indian banks have so far raised ₹34,394 cr through AT-1 bonds
1 min
Airtel pips Jio in 5G, now in 500 cities
TELECOM OPERATOR BHARTI Airtel overtook Reliance Jio in 5G rollout with the expansion of the network to another 235 cities, taking its total reach to 500 cities.
1 min
NSE rolls back hike in transaction charges
THE BOARD OF directors of the National Stock Exchange of India (NSE), in its meeting held on March 23, decided to roll back the increase of 6% in transaction charges in cash equities and equity derivatives segments, with effect from April 1.
1 min
TO ASSEMBLE LATEST MODELS - Pegatron eyes second iPhone facility in India
APPLE'S TAIWANESE SUPPLIER Pegatron is in talks to open a second factory in India, said two sources with direct knowledge of the matter, as the US tech giant's partners continue to diversify production away from China.
1 min
Committee to explore guaranteed pension similar to old scheme
WITH DEMAND GROWING for the old pension system (OPS) with assured benefits, the Centre on Friday announced the setting up of a committee headed by finance secretary TV Somanathan to explore ways to salvage pension reforms, by treading a middle path between the fiscally-imprudent OPS and the reform-oriented National Pension System (NPS).
2 mins
Blow to debt MFs
Bank deposits already enjoy a big advantage over competing products as they are perceived to be safer
2 mins
Amazon, other online retailers revamp 'free' shipping as costs soar
THERE IS NO such thing as free shipping. Even so, Amazon and other online retailers who use socalled free delivery to cultivate customer loyalty are scrambling to keep it from draining profits as costs climb and e-commerce contracts.
1 min
FOURTH CONSECUTIVE DROP: Xiaomi's Q4 revenue, profit slide on China's Covid curbs
CHINESE SMARTPHONE MAKER Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's Covid-19 curbs.
1 min
Hindenburg effect: Dorsey's wealth tumbles $526 mn
Worst single-day decline for the Block co-founder since May
1 min
'Refrain from soliciting client business from banks in stress'
JPMorgan, Citi and BofA issue a warning to their employees
1 min
A tech job still pays $120 an hour despite layoffs
MASS LAYOFFS ACROSS the US technology industry have now claimed well over 300,000 jobs. And yet, companies are still hiring in areas they see as mission-critical.
2 mins
Starbucks CEO Narasimhan to work as a 'barista'
STARBUCKS' NEW CEO Laxman Narasimhan has said he will work as a barista once a month in stores to stay close to the company's culture, customers, challenges and opportunities.
1 min
LIMITING THE INSURER'S EXPOSURE: LIC plans investment exposure caps post Adani share rout
THE LIFE INSURANCE Corporation of India (LIC) is planning to impose caps on its debt and equity exposure to companies, two sources said, in a bid to lower concentration of risk following criticism of its investment in Adani group companies.
1 min
CIL eyes 17% growth in coal despatch to non-regulated sector
STATE-RUN COAL INDIA is likely to register close to 17% growth in coal despatch to customers in the non-regulated sector (NRS) in the fourth quarter compared to the third quarter this fiscal.
1 min
Come April, no Twitter Blue tick without subscription fee for users
OVER A MONTH after introducing Twitter Blue subscription in India, Twitter on Friday said it will start removing the blue tick for legacy verified accounts worldwide from April 1.
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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