Financial Express Mumbai - May 30, 2023
Financial Express Mumbai - May 30, 2023
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In this issue
May 30, 2023
Brand IPL set to hit $10 billion this year
IT IS NOT without reason that the Indian Premier League (IPL) is counted among the world's most valuable sporting properties.
2 mins
Go First to pay extra to keep pilots on board
LOW-COST CARRIER GO First, which has filed for insolvency, is trying to retain its pilots with a monthly allowance, as it tries to put in place a plan to restart operations.
2 mins
Governance gaps at some banks: Das
ALSO FLAGS STRESSED ASSETS' MISREPORTING
3 mins
Space crunch: E-comm apps go lite
FIRMS LOOK TO WIDEN CUSTOMER BASE
2 mins
RCap CoC agrees to equitable share of sale proceeds
Lenders' move aims to curtail disputes between creditors
1 min
Bank privatisation to happen as per schedule: Sitharaman
GOVT PLANS TO MINIMISE THE NUMBER OF STATE-RUN FIRMS. THE GOVERNMENT IS KEEPING A CLOSE WATCH ON INFLATION, SAYS FM
2 mins
FDI equity inflows contract 22% to $46 bn in 2022-23, lowest in 4 years
FDI EQUITY INFLOWS declined 22% on-year in 2022-23 to $46 billion, the lowest in the last four years, data released by the Department for Promotion of Industry and Internal Trade on Monday showed.
1 min
Less than $100 mn stuck in Russia: OVL
ONGC VIDESH, THE overseas arm of Oil and Natural Gas Corporation (ONGC), on Monday said it has less than $100 million dividend income stuck in Russia and that it is not in a hurry to get it back.
1 min
ONGC to invest ₹1 trillion to become net zero by 2038
OIL AND NATURAL Gas Corporation (ONGC) chairman Arun Kumar Singh on Monday said that the company will invest around ₹1 trillion in renewable energy by 2030 as it plans to become net zero by 2038.
1 min
States' capex flat in FY23 excluding central support
DESPITE A FISCALLY sweet spot, states' capital expenditure remained subdued in the financial year that ended on March 31 (FY23) as they sought to use the rebound in their financial health to keep the fiscal deficit in check.
2 mins
Term insurance premium by few insurers could see hike this year
TERM INSURANCE PREMIUM could see another hike this year with at least a few insurers mulling an increase in rates.
1 min
Startup investment in Guj needs improvement
GUJARAT IS AMONG the best performers for providing a supportive environment for startups to grow, however, experts believe that the investment culture in the state's startup ecosystem needs to improve.
1 min
G20 members working to define startups
THE STARTUP20, THE startup engagement group of G-20, will meet in Goa this weekend to arrive at a definition framework for a startup across the member countries.
1 min
Urban unemployment rate hits new low of 6.8% in March quarter
THE URBAN UNEMPLOYMENT rate dipped further in the January to March 2023 quarter, according to the periodic labour force survey and declined for the seventh straight quarter, indicating that the urban labour market is on the path to recovery after the pandemic.
2 mins
Air India's transformation plan off to a 'healthy start': CEO
BULLISH ON GROWTH prospects with a 'healthy start' to Air India's five-year transformation plan, its CEO and MD Campbell Wilson on Monday said the airline is hiring 550 cabin crew members and 50 pilots every month and also expects to have six wide-body A350 planes in its fleet by the end of this year.
1 min
JioCinema in multi-year content deal with NBCU
VIACOM18'S STREAMING PLATFORM JioCinema on Monday announced a multi-year agreement with NBCUniversal (NBCU) to bring several NBCU films and TV series to India.
1 min
Atomberg raises $86 mn
Round led by Temasek, Steadview Capital
1 min
4G stack-like success possible in electronics, says HCL co-founder
AS INDIA IS pushing for local electronics and hardware manufacturing, HCL co-founder Ajai Chowdhry has said the government should replicate telecom 4G stack-like success in both sectors by introducing special incentives for designing products in India.
1 min
Xiaomi deepens local sourcing
AMID TIGHT SCRUTINY ON CHINESE FIRMS
2 mins
RIL market cap crosses ₹17-trn mark
INDEX HEAVYWEIGHT RELIANCE Industries (RIL) has crossed ₹17 trillion in market value. On Monday, it closed with an m-cap of ₹17.04 trillion.
1 min
Sebi rejigs advisory committee
THE SECURITIES AND Exchange Board of India has reconstituted its intermediary advisory committee, which makes recommendations on changes to the legal framework, according to a PTI report on Monday.
1 min
R&D spends to hit Sun's margins
They will boost the drug firm's positioning in innovative offerings
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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