Financial Express Mumbai - March 22, 2024
Financial Express Mumbai - March 22, 2024
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In this issue
March 22, 2024
SBI lifts the lid on parties, donors
PUSHED AND PRODDED by the Supreme Court, State Bank of India (SBI), which had sought time until June 30, revealed telling data on electoral bonds on Thursday - from donor details to parties that redeemed the bonds, including the unique alphanumeric codes that link donors to beneficiaries.
1 min
Accenture cuts FY24 sales forecast
ACCENTURE ON THURSDAY lowered its revenue forecast for fiscal 2024, with economic uncertainty prompting its clients to cut spending on its consulting services.
1 min
ED arrests Kejriwal in Delhi excise policy case
DELHI CHIEF MINISTER Arvind Kejriwal was arrested by the Enforcement Directorate (ED) on Thursday night in an excise policy-linked money laundering case, officials said.
1 min
Dhoni googly stumps brands
MAHENDRA SINGH DHONI never fails to surprise.
2 mins
Flipkart rejigs pay policy, big bonus for top team
FLIPKART HAS REJIGGED its increment policy for the current year, splitting the annual salary increases into two tranches rather than have those reflecting in an employee's pay structure.
1 min
‘Lottery king' donated across party lines
THE LARGEST ELECTORAL bonds donor, Coimbatore-based lottery company Future Gaming and Hotel Services, saw a large chunk of its purchases redeemed by two political parties, with Trinamool Congress leading as its biggest beneficiary at ₹542 crore, followed by the DMK at ₹503 crore.
1 min
BJP's top 10 donors make up a quarter of total kitty
THE TOP THREE donors of the ruling Bharatiya Janata Party, the biggest beneficiary of electoral bonds, include Hyderabad-headquartered Megha Engineering and Infrastructure, Qwik Supply Chain Private, which is associated with Reliance Industries, and Anil Agarwal-promoted Vedanta.
1 min
SC puts on hold govt notification on fact check unit
THE SUPREME COURT on Thursday stayed the government's notification dated March 20 forming a fact check unit under the Press Information Bureau (PIB).
2 mins
TCS inks seven-year deal with Ramboll
FURTHER STRENGTHENING ITS Nordic links, IT company Tata Consultancy Services (TCS) has signed a multimillion-dollar strategic partnership with Danish firm Ramboll.
1 min
Volkswagen to make EV foray in India with ID.4 rollout in Oct-Dec
GERMAN CAR GIANT VOLKSWAGEN will introduce its premium all-electric car ID.4 in the December quarter of 2024 to mark its entry into the burgeoning electric vehicle space in India.
2 mins
Global cues drive gold to all-time high
GOLD PRICES SURGED by ₹1,130 to hit an all-time high of ₹67,450 per 10 gram in India following strong global trends, according to HDFC Securities.
2 mins
Banks' CD issuances may fall with improvement in liquidity
Banks have raised nearly 8.29 trillion via CDs in the AprilFebruary period
1 min
Bank of England holds interest rates at 5.25%
TWO OF THE Bank of England's most ardent hawks withdrew their support for interest rate hikes, as the UK's central bank voted for a fifth meeting to keep straight policy unchanged.
1 min
US sues Apple, accuses it of maintaining iPhone monopoly
THE US JUSTICE Department and 16 attorneys general sued Apple, accusing the iPhone maker of violating antitrust laws by blocking rivals from accessing hardware and software features on its popular devices.
1 min
Ex-Paytm employees run 22 startups worth over ₹10,000 cr
WHILE THE 44 startups of the Flipkart'mafia generally dominate the headlines, a smaller group of Paytm's former employees, who have quit the fintech major to launch 22 startups over the years, has hit collective valuation of ₹10,668 crore, according to a report from Private Circle.
1 min
Banks' CD ratio to moderate to 75% over FY25-27: Report
BANKS ARE LIKELY to see some relief on the credit deposit (CD) front as the ratio may to moderate to 75% over FY25-FY27, from nearly 80% in the current fiscal, largely led by a lower credit growth and slightly higher deposit growth, brokerage Emkay Institutional Equities said in a report on Thursday.
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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