China#39;s gold demand slated to support high prices ahead of Chinese New Year

A report by the World Gold Council about China’s gold jewellery market predicted a robust growth in Q1 2023 for China’s gold jewellery consumption.

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PM Modi distributes 71,000 appointment letters to new recruits in govt departments

The distribution of appointment letters will take place as a part of the Rozgar Mela launched by the Prime Minister in October,2022, which aims to appoint 10 lakh personnel.

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ArcelorMittal-Nippon venture wins approval for $4.7 billion Indian steel plant

The plant, to be built by the joint venture between ArcelorMittal SA and Nippon Steel Corp, will have annual production capacity of 7 million tonnes, Odisha#39;s government said.

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Air India’s mega deal with Airbus, Boeing held up over engine cost

Air India has spent months negotiating an order of about 400 narrowbody and 100 widebody jets that would allow the country’s flag carrier to upgrade service and reliability.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/air-india’s-mega-dealairbus-boeing-heldover-engine-cost_16812321.html

Manasi Tata to helm Toyota Kiroloskar, takes charge as Vice Chair

Manasi Tata, who had joined the board of Toyota Kirloskar Motors in December as Director after her father#39;s demise, will now lead as the Vice Chairperson of both Toyota Kirloskar Motors and Toyota Kirloskar Auto Parts.

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Tech Mahindra#39;s C P Gurnani looks to transition from captain to coach post retirement

The nomination and remuneration committee has extended the tenure of Gurnani till December 19, 2023 as it looks to work on the succession plan of Gurnani.

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Boards must censure CEOs for personal misconduct

Separating personal lives and professional lives of CEOs is like drawing a line in the sand. But boards should have a very low tolerance threshold for incidents that dent stakeholders’ trust and damage company reputation

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IndusInd Bank Q3 — Steady quarter with great earnings outlook

Growth, along with with steady margin, stable cost matrix, and benign credit cost should support further expansion in the RoA for IndusInd Bank

from Moneycontrol Business News https://www.moneycontrol.com/news/business/indusind-bank-q3-—-steady-quartergreat-earnings-outlook_16811121.html

Budget 2023: How can the Budget spur MA and capital market deals? | The I-Sec Perspective

Budget 2023 is round the corner and deal street is waiting for right cues to keep the momentum going. After all, India Inc. witnessed shopping like never before in 2022 in a record year of mergers and acquisitions led by the mega $40 billion HDFC-HDFC Bank merger. Equity capital market deal activity was subdued in comparison, but the LIC IPO was a landmark moment for the government. So what more can Finance Minister Nirmala Sitharaman do to tap foreign investors and boost deal activity across sectors? Moneycontrol’s Editor (Deals) Ashwin Mohan caught up with senior dealmaker Ajay Saraf, ED Head (Investment Banking Institutional Equities), ICICI Securities to get a pre-budget pulse check of deal street.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/budget-2023-how-canbudget-spur-macapital-market-deals-|-the-i-sec-perspective_16809371.html

Global capitalism: There’s life in the old dog yet

Rumours of the demise of international business and trade have been exaggerated

from Moneycontrol Business News https://www.moneycontrol.com/news/business/global-capitalism-there’s-lifethe-old-dog-yet_16810211.html

Stelis Biopharma receives EIR from the US FDA for Drug-Device Combination Products

The US FDA’s EIR is received for the drug-device combination to be commercialised from the Stelis Pharma#39;s flagship facility in Bengaluru, India

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