Financial Express Mumbai - June 07, 2023
Financial Express Mumbai - June 07, 2023
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In this issue
June 07, 2023
Tesla agrees to set up vendor base in India
PLI 2.0 FOR EVs LIKELY TO SWEETEN THE DEAL | Musk may bargain hard as China tries to retain US firm’s investments
2 mins
Sequoia Capital splits into three; India & SEA fund to be rebranded
VENTURE CAPITAL FIRM Sequoia Capital is splitting into three entities focused on geographies including the United States, China, India and South East Asia.
2 mins
Retailers' mall rent set to rise 5-7%; to fall for mutiplexes
RETAILERS BODY SAYS TREND MAY CHANGE IN RUN-UP TO THE FESTIVE SEASON
2 mins
Thyssenkrupp to bid for Navy submarine deal
GERMANY'S THYSSENKRUPP IS likely to bid for a project to supply six submarines for the Indian Navy, German defence minister Boris Pistorius said on Tuesday, during a visit to New Delhi.
1 min
Byju's skips $40 mn loan repayment; sues lenders
BYJU'S SKIPPED ITS quarterly interest payment of $40 million on the $1.2 billion term loan B (TLB), which was due on June 5, and instead filed a lawsuit in the New York Supreme Court challenging the acceleration of the repayment and seeking disqualification of Redwood, one of the lenders.
2 mins
Electric 2W sales crash as subsidy cut kicks in
Daily offtake down to 540 in June so far from 2,000-3,300 in January-May
2 mins
Health benefits of ₹62,200-cr availed under PM-JAY so far
OVER 51.5 MILLION BENEFICIARIES across the country have availed of free hospitalisation benefits amounting to a total of ₹62,204 crore till June 6 this year, since the Pradhan Mantri Jan Arogya Yojana (PM-JAY) was rolled out in September 2018.
1 min
Germany can do more in the Indo-Pacific: Pistorius
GERMANY CAN AND ought to do more in the Indo-Pacific in partnership with India in view of the sense of unpredictability surrounding it, German defence minister Boris Pistorius said on Tuesday after holding talks with his Indian counterpart Rajnath Singh.
2 mins
Heatwaves in east may hit kharif sowing
Met office wary of cyclone impact on on set of monsoon
2 mins
IOC edges out pvt refiners in Russian oil buys in May
PUBLIC SECTOR REFINING giant Indian Oil Corporation (IOC) overtook private sector major Reliance Industries (RIL) as the biggest Indian buyer of Russian crude oil in May, the first such instance since the imposition of the West' $60per-barrel price cap on seaborne Russian oil six months ago, as per an analysis of data shared by commodity market analytics and intelligence firm Kpler.
3 mins
India's internet economy to reach $1 trillion by 2030, says report
INDIA'S INTERNET ECONOMY is expected to reach $1 trillion by 2030 from the current $175 billion, according to a report by Google, Temasek, and Bain & Company.
1 min
More wheat to be sold in open market
SALES TO START IN JULY
2 mins
Adani's debt metrics show improvement
THE ANALYST WHO kicked off scrutiny of Adani Group's finances nearly a year ago by terming the conglomerate \"deeply overleveraged\" has upgraded his view, saying some of the Gautam Adani firms now have better metrics.
1 min
Aditya Birla Group enters jewellery biz
TO INVEST ₹5,000 CRORE IN NEW VENTURE | Novel Jewels to take on Tata's Tanishq
1 min
Tata Consumer's focus is on India biz for growth
Open to acquisitions, says chairman Chandrasekaran
2 mins
Adani Group Ebitda up 36% in FY23, says no refinancing risk seen
THE ADANI GROUP has posted a 36% rise in Ebitda to ₹57,219 crore in FY23, led by an overall growth across all its listed portfolio firms,and it does not see any refinancing risk”. It had recorded an Ebitda of ₹42,023 crore a year ago.
1 min
Honda looks to Elevate its India fortune this festive season
HONDA CARS INDIA on Tuesday entered the midsize SUV segment by unveiling the Elevate, which will be available for sale during the upcoming festive season when its price will be announced.
2 mins
'We are encouraged by the performance of IPL on Jio'
INTERVIEW: JOSÉ ANTONIO CACHAZA, managing director, LaLiga India
3 mins
Bajaj Finance to reduce dependence on telemarketing calls: Sanjiv Bajaj
'CUSTOMER WILL GET THE RIGHT TO BE FORGOTTEN'
2 mins
NSE to move Nifty Bank F&O expiry to Friday from July 14
THE NATIONAL STOCK Exchange of India (NSE) on Tuesday said it will shift the futures and options (F&O) expiry of Nifty Bank to Friday from Thursday. The new rule comes into effect from July 14.
1 min
RBI draining cash via VRRR auctions to rein in inflation
THE RESERVE BANK of India intensified its operations to remove cash from the banking system, showing it wants to keep liquidity tight to rein in inflation.
1 min
IT stocks tumble as Epam cuts guidance
INFORMATION TECHNOLOGY STOCKS lost value on Tuesday after Epam Systems once again cut its revenue guidance for CY2023. The NSE IT Index fell 1.88% while shares of Infosys gave up 1.8%. Shares of TCS yielded 1.6%.
1 min
Global economy in precarious state as rates rise: World Bank
HEADING TOWARDS SLOWDOWN | Risks to the outlook remain tilted to downside
1 min
New Twitter CEO Linda Yaccarino logs first day in role
TWITTER'S NEW CHIEF executive officer Linda Yaccarino has begun her role at the social media company, she tweeted late on Monday, about a month after Elon Musk named her as the new CEO.
1 min
Apple's Vision Pro And The Art Of Upselling A Product
APPLE HAS LAUNCHED another product you did not know you needed. But those who can afford it will aspire to purchase it, because it is an Apple device that promises new experiences.
2 mins
Apple unveils $3,500 headset as it wades into VR
APPLE ON TUESDAY unveiled a long-rumoured headset that will place its users between the virtual and real world, while also testing the technology trendsetter's ability to popularise new-fangled devices after others failed to capture the public's imagination.
1 min
Ukraine war zone villagers flee floods after massive dam destroyed
A TORRENT OF water burst through a massive dam on the Dnipro River that separates Russian and Ukrainian forces in southern Ukraine on Tuesday, flooding a swathe of the war zone and forcing villagers to flee.
1 min
NBFC unsecured personal loan sanctions reduce 15%
UNSECURED PERSONAL LOAN sanctions of nonbanking financial companies fell 15% year-on-year in the March quarter, data released by the Finance Industry Development Council and CRIF High Mark showed.
1 min
5G-first key, but 4G phones not off the table, says Samsung's Pullan
AS SAMSUNG ON Tuesday launched the year's tenth 5G smartphone, the company said its 5G-first strategy is key for growth in the country. But it has not ruled out its focus on smartphone portfolio in other technologies like 4G and below ₹10,000 range.
2 mins
PhonePe comes up with account aggregator services
FINTECH MAJOR PHONEPE has launched its account aggregator services, allowing app users to share their financial data with regulated financial institutions to gain easier access to their products.
1 min
India's internet economy to reach $1 trillion by 2030: Report
INDIA'S INTERNET ECONOMY India's internet economy is expected to reach $1 trillion by 2030 from the current $175 billion, according to a report by Google, Temasek, and Bain & Company.
1 min
CBI starts Odisha train crash probe, speaks to rail staff
STATEMENTS OF OFFICIALS BEING RECORDED | Causing death by negligence among IPC sections in FIR
2 mins
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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