Financial Express Mumbai - May 24, 2023
Financial Express Mumbai - May 24, 2023
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In this issue
May 24, 2023
New tech to face regulation wall in user harm cases
To specify no-go areas for emerging tech, AI
3 mins
Limited queues, some confusion
DAY 1 OF ₹2,000 NOTE EXCHANGE
2 mins
Life insurers rejig sales to beat tax on high-value policies
LIFE INSURANCE COMPANIES are looking at new avenues and strategies to tide over the new provision to tax income from annual premium investments of over ₹5 lakh in traditional cover policies.
3 mins
Swift rise in Maruti Suzuki's royalty payments to parent
PAYOUT SOARS 40% IN FY23 ON THE BACK OF ROBUST SALES
2 mins
Go First has no flight path yet
Tells DGCA working on restructuring first
2 mins
GQG's Jain raises Adani stake by 10% to $3.5 bn
VETERAN INVESTOR RAJIV Jain's GQG Partners LLC has raised its stake in Adani Group by about 10% and will take part in its future fundraising, doubling down on what he calls \"the best infrastructure assets available in India\".
2 mins
Govt rules out increase in edible oil import duty
Wants to protect domestic refining
1 min
Govt imposes curbs on cough syrup exports
Testing of samples at approved labs mandatory
1 min
E-commerce to get tax refunds on par with other exports: DGFT
To ensure benefit reaches producer-seller, not the platform
2 mins
Boeing representatives meet FM
AMID A NUDGE from the government to set up final assembly lines (FAL) in India, US aerospace firm Boeing's senior leadership team, led by its country president Salil Gupte, met finance minister Nirmala Sitharaman on Tuesday.
1 min
OMCs' high marketing margins may not stay for long: Analysts
WHILE ROBUST FOURTH quarter results helped the state-run petroleum refiners narrow the decline in their full-year FY23 profits, analysts believe the marketing margins may not be sustainable for long, given the likely mounting pressure to cut retail fuel prices.
2 mins
GDP crosses $3.5 trn; bureaucracy could hamper FDI: Moody's
Cautions against 'limited economic liberalisation'
1 min
Flexi staffing sector grows 14% in FY23
IT industry witnesses 7.7% contraction in flexi jobs
2 mins
IT giants in rush to launch solutions on Generative AI
INDIAN INFORMATION TECHNOLOGY companies have started launching their own solutions on Generative AI, partnering with cloud service providers. In a span of two days, three of the top four IT service companies - TCS, Infosys and Wipro - have launched their solutions on Generative AI.
1 min
SpiceJet to bring four grounded planes back in service by June 15
BUDGET AIRLINE SPICEJET on Tuesday said that it plans to bring four grounded aircraft back into service by June 15, following which more such aircraft are expected to become operational in the following weeks.
2 mins
Ashok Leyland posts 17% drop in profit, plans ₹750-cr FY24 capex
The revenue for March quarter rose 33% to ₹11,626 crore
2 mins
Meesho cuts cash burn by 90%
BENGALURU-BASED E-COMMERCE company, Meesho has reduced its cash burn by 90% in the last one year. The move is in line with the company's aim to become earnings before interest, taxes, depreciation and amortization (Ebitda) positive by the end of this year.
1 min
Dish TV CEO Anil Dua quits as EGM nears
ANIL KUMAR DUA, chief executive officer, Dish TV, on Tuesday stepped down from his position, the direct-to-home (DTH) operator said in an exchange filing, coming just ahead of the company's extraordinary general meeting (EGM) slated for June 9.
1 min
Microsoft to add Bing search to ChatGPT
MICROSOFT IS BRINGING its Bing search engine to OpenAI's ChatGPT, further tightening ties with the artificial intelligence startup in a bid to challenge Google.
2 mins
Biden, McCarthy debt ceiling meeting ends without deal
First one-on-one talks in months are 'productive'
2 mins
Sunak warns against 'blanket' protectionism to counter China
RISHI SUNAK WARNED against Group of Seven nations descending into \"blanket\" protectionism in an effort to tackle China's economic threat.
1 min
Auto, FMCGs gain big in FPI basket; pharma reverses trend
FOREIGN INVESTORS PORTFOLIO (FPIs) remained bullish on financial services, with automobile, oil & gas, and fast-moving consumer goods (FMCG) being other sectors where foreign investors are increasing their exposure, NSDL data have showed.
2 mins
Palm oil imports likely to fall to 27-month low
MAY ESTIMATES
2 mins
India-Australia ties built on mutual trust, respect: PM
INDIA'S VISION FOR global governance is guided by the credo \"sabka saath, sabka vikas, sabka vishwas, sabka prayaas\", Prime Minister Narendra Modi said Tuesday, addressing the diaspora at a public event in Sydney where he underlined \"mutual trust and respect\" as the defining characteristic of India's \"deepening\" ties with Australia.
1 min
Financial Express Mumbai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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