Tuesday, August 30, 2022

Bank of India moves NCLT against Future Lifestyle Fashions, files insolvency plea

Bank of India moves NCLT against Future Lifestyle Fashions, files insolvency plea A copy of the petition filed before the NCLT, under Section 7 of the Insolvency and Bankruptcy Code, has been served by the advocate on behalf of Bank of India, FLFL said in a regulatory filing on Monday.

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As Warren Buffet turns 92, some inspirational quotes from Oracle of Omaha

As Warren Buffet turns 92, some inspirational quotes from Oracle of Omaha Warren Buffett, one of the most successful investors in history, turned 92 this year on August 30. According to Forbes, the chairman and CEO of Berkshire Hathaway is the fifth richest person in the world, with an estimated net worth of $100.2 billion as of today.

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IntrCity SmartBus to raise $20-30 million by this year-end

IntrCity SmartBus to raise $20-30 million by this year-end Kapil Raizada said the company plans to enhance capacity on the existing routes besides expanding its services on some new routes in the next 12-18 months.

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Govt may invite financial bids for Shipping Corporation sale in March quarter

Govt may invite financial bids for Shipping Corporation sale in March quarter "The demerger of non-core and land assets of Shipping Corporation is at an advanced stage. The process is expected to be over in about three months#39; time, after which financial bids will be invited," the official told PTI.

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Monday, August 29, 2022

Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day A round-up of the biggest articles from newspapers

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PM Modi has done a remarkable job, need him for two more terms at the helm: Deepak Parekh

PM Modi has done a remarkable job, need him for two more terms at the helm: Deepak Parekh Deepak Parekh, the chairman of the largest pure-play mortgage finance company HDFC, said Modi needs to be at the helm for two more terms to "change the face of the country".

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ABB India expands, upgrades Smart Power factory in Nelamangala, Bengaluru

ABB India expands, upgrades Smart Power factory in Nelamangala, Bengaluru The smart facility harnesses advanced collaborative robotics technology for better human-machine interface, artificial intelligence (AI) and advanced digitalization technologies to create a sophisticated, automated, and flexible future-ready factory, ABB India said in a statement.

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Sunday, August 28, 2022

Uday Kotak warns of sharp correction in market after Jerome Powell#39;s #39;economic pain#39; caution

Uday Kotak warns of sharp correction in market after Jerome Powell#39;s #39;economic pain#39; caution “Federal Reserve Chairman Powell finally spoke firmly to fight inflation. Reminds us of Paul Volcker who broke the back of US inflation in 70s/80s. Watch out for Quantitative Tightening ( QT). US rules the financial world. Opiated markets will wake up and smell the coffee!” he said in a tweet.

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Uday Kotak warns of sharp correction in market after Jerome Powell#39;s #39;economic pain#39; caution

Uday Kotak warns of sharp correction in market after Jerome Powell#39;s #39;economic pain#39; caution “Federal Reserve Chairman Powell finally spoke firmly to fight inflation. Reminds us of Paul Volcker who broke the back of US inflation in 70s/80s. Watch out for Quantitative Tightening ( QT). US rules the financial world. Opiated markets will wake up and smell the coffee!” he said in a tweet.

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Succession, spinoffs in focus in billionaire Mukesh Ambani’s big speech

Succession, spinoffs in focus in billionaire Mukesh Ambani’s big speech This year, investors in the Indian billionaire’s Reliance Industries Ltd. will be looking for insight around the conglomerate’s 5G rollout, how Ambani plans to unlock the value of his telecommunications and retail units through separate listings, and when and how his children will take over the reins.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/succession-spinoffsfocusbillionaire-mukesh-ambani’s-big-speech_16606021.html

MC Insider: Stock market operators hurting, mis-selling lender under scrutiny, what the regulator told an MF CEO, and more

MC Insider: Stock market operators hurting, mis-selling lender under scrutiny, what the regulator told an MF CEO, and more NULL

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LTIMindtree Q4 Preview: Lower pass-through revenue seen impacting growth marginally

A compilation of estimates suggests the company#39;s Q4 FY24 net profit is projected to decline by 2.2 percent quarter on quarter to Rs 1,1...