Financial Express Mumbai - May 31, 2023
Financial Express Mumbai - May 31, 2023
Go Unlimited with Magzter GOLD
Read Financial Express Mumbai along with 8,500+ other magazines & newspapers with just one subscription View catalog
1 Month $9.99
1 Year$99.99 $49.99
$4/month
Subscribe only to Financial Express Mumbai
1 Year $15.99
Buy this issue $0.99
In this issue
May 31, 2023
Govt asks Tesla to submit road map for vendor base
THE GOVERNMENT HAS asked Elon Musk's Tesla to submit a road map on the timeframe needed to set up an indigenous supply chain for domestic manufacturing of its electric vehicles
2 mins
BlackRock slashes Byju's fair value by 62% to $8.4 billion
Second markdown of US AMC's shareholding in the edtech startup
2 mins
RBI moots light payment system
THE RESERVE BANK of India (RBI) is working on a lightweight payment and settlement system (LPSS) that can be operated from anywhere with minimal manpower in the event of natural calamities and war. The system will be independent of existing payment systems such as RTGS, NEFT, and UPI
2 mins
JioCinema hits the ball out of the park in nail-biting final
RAIN DELAYS AND a truncated match failed to deter cricket fans from tuning in to the final clash of the Indian Premier League (IPL) on Monday
2 mins
Govt considers cutting solar panel import tax
THE GOVERNMENT IS considering cutting import tax on solar panels by half and is seeking a rollback in goods and services taxes on the devices to make up a shortfall in local output amid rising demand for renewable energy, three official sources said
1 min
E-appeals scheme notified, to enable electronic filing
IN WHAT IS expected to help speed up resolution of small disputes, taxpayers will now have recourse to the income tax e-appeals scheme that would enable electronic filing and hearing of such cases
1 min
RBI calls for structural reforms for medium-term GDP growth
Pegs FY24 figure at 6.5% with risks evenly balanced
3 mins
High interest rates hit FDI, says DPIIT secretary
THE YEAR-ON-YEAR DECLINE of 22% in foreign direct investment (FDI) last year could be due to a decline in appetite of investors in the face of hardening of interest rates and rising geopolitical uncertainty, secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said Tuesday
1 min
Resilient FY23 for HUL despite volatile environment: Paranjpe
HINDUSTAN UNILEVER (HUL), the country's largest fast-moving consumer goods (FMCG) company, delivered a resilient performance amid a volatile business environment in FY23, chairman Nitin Paranjpe said in the company's latest annual report
2 mins
BSNL loss widens to ₹8,161 crore in FY23
STATE-OWNED BHARAT SANCHAR Nigam's (BSNL) losses widened to ₹8,161 crore in FY23, compared to ₹6,982 crore a year ago. The increase in consolidated losses for the telecom operator during the year is due to the provision for adjusted gross revenue (AGR) dues to the government
1 min
ONDC caps its incentive at ₹100 per order
THE OPEN NETWORK for Digitial Commerce (ONDC) has decided to revamp its incentive structure and has decided to put in place some caps on the price discounts as also a floor for the order value.
1 min
IIT Madras Research Park, RBI's innovation centre join hands
IIT MADRAS RESEARCH Park (IITMRP) and IIT Madras Incubation Cell (IITMIC) have joined hands with Reserve Bank Innovation Hub (RBIH) to work on creating voice-driven banking solutions.
1 min
Sebi puts in place investor protection fund norms
SEBI ON TUESDAY came out with exhaustive guidelines for the investor protection fund (IPF) and investor services fund (ISF) maintained by the stock exchanges and depositories
1 min
AMCs may pass on TER to brokers, distributors
ASSET MANAGEMENT COMPANIES (AMCs) may pass on a high share of the total expense ratio, or TER, impact to intermediaries such as distributors, brokers and registrar & transfer agents (RTAS)
1 min
Banks report higher number of frauds
However, amount involved declines
1 min
Musk visits China for first time in 3 yrs, eyes Tesla expansion
TESLA CEO ELON Musk on Tuesday kicked off a high-stakes visit to China with a meeting with the country's foreign minister in Beijing, marking his return to the electric carmaker's largest production hub after three years
2 mins
Drones hit Moscow in rare attack as Russia blames Ukraine
UKRAINIAN DRONES STRUCK Moscow on Tuesday, Russia said in what one politician called the worst such attack since World War Two, while Kyiv was also hit by air for the third time in 24 hours
1 min
Gold claws back as dollar, yield weaken
GOLD BOUNCED BACK from early losses on Tuesday, as the dollar pulled back and Treasury yields slid on wider market optimism about the US debt ceiling deal
1 min
FAME subsidy removal likely to drive surge in new EV products
THE COMPLETE REMOVAL of the Faster Adoption and Manufacturing of Electric (and hybrid) vehicles in India subsidy scheme is expected to result in a \"flurry of products\" in India's electric vehicle market, according to Eric Vas, president, Urbanite business unit of Bajaj Auto
1 min
Adani unit shows funding urgency
AS SHARES OF Gautam Adani's conglomerate recover from an epic rout, the big question looming over the tycoon is whether he can convince investors and lenders to back his capital-hungry businesses with fresh cash
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.
Subascribe and stay updated with business & market latest news and analysis report of Financial Markets, Economy and Businesses.
Cancel Anytime [ No Commitments ]
Digital Only
