The talking point of the week ahead is undoubtedly RBI#39;s move on the policy rate trajectory in its ongoing long-drawn inflation fight. A bunch of PMIs are also in the pipeline that will point to the direction in which various economies are headed. Plus, look out for the summaries of policy meetings of various central banks that can give enough ammo to investors. An IPO is also on the radar  from Moneycontrol Business News https://www.moneycontrol.com/news/business/businessthe-week-ahead-(april-3–7-2023)_16945931.html
The move to reallocate unused overseas flying rights of Indian carriers is facing resistance from major Indian airlines, which want one more year to utilise their rights
Our specially curated package of the most interesting articles to help you stay at the top of your game.
Standard Chartered Bank had sanctioned certain credit facilities to Siti Networks, which was inter-alia secured by DSRA (Debt Service Reserve Account) support and undertaking from ZEEL.
Recently, Bandhan Bank shares hit three year lows and has given a negative 7.54 percent return over the last one week. The stock touched a 3-year low of Rs 185.45 on Tuesday due to volume based heavy selling.
Dixon exported $10 billion mobile phones last year.
The alliance will help increase the fill rate of banquets and event spaces in Lemon Tree Hotels, in more than 40 destinations across the country, including Delhi NCR, Jaipur, Kolkata, Lucknow, Bhubaneswar, Mumbai and Pune, among others.
Aether Industries has inked a letter of intent (LoI) with Saudi Aramco Technologies to this effect, according to a statement.
From a policy perspective, we need to move on from strategic storage to even out supplies for the healthy development of the food processing sector. For the fast-growing food processing sector, warehousing helps even out seasonal commodity flows and hence their raw material costs
Apart from reducing hospitalisation for the most vulnerable group and its efficacy against Omicron variants, Paxlovid has also shown to decrease the chances of long COVID-19.
Hindenburg’s allegations of extensive, years-long corporate fraud at the Adani Group have wiped out about $125 billion in market value since January, spurring the tycoon to rein in plans to expand into new sectors, according to people familiar with the company’s inner workings.
The conglomerate led by billionaire Gautam Adani is aiming to raise up to $1 billion in two tranches this year via such a route, said the people, who declined to be named as they were not authorized to speak about it.
“The G20 Presidency is a big opportunity for India and we got the G20 back to its real business,†said S Jaishankar
The company is seeking to tap into the opportunities provided by the government#39;s initiative to increase the number of airports in India by adding 80 airports over the next three years, taking the number to 220 by 2025, MakeMyTrip (MMT) said in a statement.
The company, which started exports with shipments to neighbouring markets like Bangladesh and Nepal in 1986-87, said it currently exports to nearly 100 countries, including markets in Africa, Latin America, Asia, and the Middle East.
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Piramal and TPG are jointly working with an adviser on divesting a combined 30% stake in the holding company of Shriram General Insurance Ltd., said the people, who asked not to be identified as the information is private. Shriram General Insurance Holdings could be valued at more than $2 billion in a transaction, the people said.
Haridasan, who is currently Managing Director and Co-Head of Equities at Axis Capital, has more than 20 years of experience in financial markets across different asset classes.
As a part of this partnership, all eBay cross-border trade sellers from India will be able to choose its cross-border shipping solution, Shiprocket X, as their shipping partner for eBay shipments, the company said in a statement.
As per the partnership, the companies will offer last-mile delivery partners associated with Zomato affordable loan terms and battery swapping services.
The company has received the final approval for Levothyroxine Sodium for Injection in strength of 100 mcg/vial, 200 mcg/vial, and 500 mcg/vial from the US Food and Drug Administration (USFDA), the drug firm said in a statement.
In two separate circulars, the bourses said Adani Green Energy shall continue in the ASM framework but will be moved to the respective higher stage from March 28.
The launch of premium economy seats will help the airline market this class more aggressively than before and take on the likes of Air France, Lufthansa, British Airways and others who offer similar service.
The decisions taken by the board will affect around 6 crore active EPFO subscribers. Here’s a look at the issues that will likely be taken up during the two-day meeting of the Central Board of Trustees
Elon Musk, CEO and chief engineer of SpaceX and the owner and CEO of Twitter, Inc. reportedly proposed the idea of running OpenAI by himself to his co-founders, however the proposal was rejected, prompting the tech billionaire#39;s exit from the AI based startup.
The airlines will operate two flights a day, four days a week -- Tuesday, Thursday, Friday and Sunday -- from Kolkata to Abu Dhabi, the Netaji Subhas Chandra Bose International (NSCBI) Airport said in the statement.
Deutsche Bank#39;s woes come in the context of investors searching for vulnerable institutions after the collapse of Silicon Valley Bank earlier this month
The bonds will be listed at BSE and/or NSE. Bonds are redeemable at par in 40 equal instalments and interest payment on quarterly basis, it stated.
After setbacks faced in 2012 due to cancellation of large tenders, Zen said in a regulatory filing that it had stopped participating in large tenders and has now made a complete turnaround over the last 10 years.
The SEC#39;s warning is a reminder that investing in cryptocurrencies is a high-risk venture, and investors should exercise caution when considering investing in these assets.
A surge in discretionary travel, wedding spends, and increased mobility post pandemic are structurally positive for luggage demand
A round-up of the top stories from newspapers.
The bike can be ordered as a completely built-up unit (CBU) from Thursday onwards, BMW Motorrad said in a statement.
Coromandel International is in the business of fertilisers, crop protection chemicals, bio-products, speciality nutrients, organic fertilisers and retail.
The price increase will vary depending on different trims of the model.
Vedanta’s shares have fallen about 32% in the last 12 months, giving it a market value of about $12.6 billion. A 5% stake is worth about $630 million.
According to a statement, the serial entrepreneur has started Sorted, powered by proprietary technology and a franchisee network of digitised mom pop stores.
In the last round of airport privatisation by the government, Adani Airports won bids to operate six airports.
This investment in Mahindra Mahindra’s new wholly owned subsidiary last mile mobility (LLM) company will be in form of compulsory convertible instruments at a valuation of Rs 6,020 crore and will result in an ownership of between 9.97 percent and 13.64 percent for IFC in the new company
With the economy gaining momentum and supply challenges abating, Control Print is poised for strong growth
Besides hiving off stake in its EV business, the Mahindra Group is also “engaged†with large global private equity (PE), ESG-focused funds, and sovereign funds for long-term investment in its EV business.
Tata Sons and IT behemoth Tata Consultancy Services declined to comment on the development.
The new family plans uploaded on the company website are in the range of Rs 599 to Rs 1,499 per month, while Black family plans, that bundles DTH and fixed broadband service, are in the range of Rs 799 to Rs 2,299 per month.
