Page 47 - Latest News
Marico acquires 54% stake in breakfast & snacks brand True Elements_65670
FMCG major Marico on Monday said it has acquired a majority 54 per cent stake in the digital-first healthy breakfast and snacks brand True Elements for an undisclosed amount.
 "Marico acquires 54% stake in breakfast & snacks brand True Elements_65670")
Hope to start broadband internet service on SpiceJet aircraft soon: CMD_65547
SpiceJet will induct more Boeing 737 Max aircraft over the next few months and it hopes to start broadband internet service on its planes soon, its Chairman and Managing Director (CMD) Ajay Singh said
 "Hope to start broadband internet service on SpiceJet aircraft soon: CMD_65547")
Karnataka HC extends stay on ED order seizing Xiaomi India assets_65639
The ED froze Xiaomi's accounts on April 29 alleging that it has violated the Foreign Exchange Management Act by illegally transferring money abroad to three companies under guise of royalty payments
 "Karnataka HC extends stay on ED order seizing Xiaomi India assets_65639")
Petrol under-recovery at Rs 13, diesel Rs 24; RIL-BP says ops unsustainable_65582
Two sources aware of the matter said Reliance BP Mobility Ltd contends that PSU oil marketing companies control over 90% of the market and are the price-setters
 "Petrol under-recovery at Rs 13, diesel Rs 24; RIL-BP says ops unsustainable_65582")
IHCL looks to build portfolio of 300hotels, scale up new business_65696
The hospitality company is also focused to strengthen the balance sheet with focus on free cash flows and be a zero net debt company, IHCL MD & CEO Puneet Chhatwal said
 "IHCL looks to build portfolio of 300hotels, scale up new business_65696")
Serum Institute likely to launch cervical cancer vaccine in India in Nov_65654
Country now depends on foreign companies and Serum's product is likely to bring down prices.
 "Serum Institute likely to launch cervical cancer vaccine in India in Nov_65654")
Credit card spend jumps 48% to top Rs 1 trillion in March, shows data_65814
The jump has been driven by the pickup in consumption as the pandemic recedes
 "Credit card spend jumps 48% to top Rs 1 trillion in March, shows data_65814")
We are truly seeing perfect storm of digitisation in India: AWS' Chandok_65325
Company will support the government's plan to have Open Network Digital Commerce for e-commerce, says the senior executive.
 "We are truly seeing perfect storm of digitisation in India: AWS' Chandok_65325")
Zomato net loss triples to Rs 360 crore in Q4, revenue rises 75%_65742
Food delivery firm says it has expanded to more than 300 new cities and it expects revenue growth to accelerate.
 "Zomato net loss triples to Rs 360 crore in Q4, revenue rises 75%_65742")
Govt changes contract rules for highways, project cost to be sole factor_65746
For work under Hybrid Annuity Mode, operations and maintenance will not be a criteria anymore.
 "Govt changes contract rules for highways, project cost to be sole factor_65746")
New round of solar PLI to have 3 schemes for different product categories_65812
Plans to include highest corpus to polysilicon manufacturing
 "New round of solar PLI to have 3 schemes for different product categories_65812")
WTO meet in June: India may not favour relief to food purchase under WFP_65810
Government officials said India may not agree with the proposal as it will restrict its policy space to deal with domestic food security concerns
 "WTO meet in June: India may not favour relief to food purchase under WFP_65810")
Railways may scrap new dedicated freight corridors, enhance existing ones_65530
Railways new assessment will delay DPR of new corridors by 5 months
 "Railways may scrap new dedicated freight corridors, enhance existing ones_65530")
IIM Ahmedabad back in top 50 of FT Executive Education Rankings 2022_65599
IIM Calcutta was ranked 59th in the same list while IIM Bangalore was ranked 60th
 "IIM Ahmedabad back in top 50 of FT Executive Education Rankings 2022_65599")
Pakistan central bank hikes main policy rate by 150 bps to 13.75%_65706
The country is going through economic turmoil, including high inflation, reserves declining to as low as less than two months' of imports and a fast-weakening currency
 "Pakistan central bank hikes main policy rate by 150 bps to 13.75%_65706")
Vinai Kumar Saxena replaces Anil Baijal as Delhi's Lieutenant Governor_65748
Saxena is the first corporate man ever selected for such a gubernatorial post and is a well-known name in the Indian Corporate and Social sector with over three decades of vast experience.
 "Vinai Kumar Saxena replaces Anil Baijal as Delhi's Lieutenant Governor_65748")
From JSPL to Tata Steel, steel stocks melt down on export duty levy_65804
Given lower earnings, fair value for steelmakers likely to reduce by 25%
 "From JSPL to Tata Steel, steel stocks melt down on export duty levy_65804")
Economic fragmentation to have a dire impact: World Economic Forum_65803
'World is facing the worst food insecurity in recent history'
 "Economic fragmentation to have a dire impact: World Economic Forum_65803")
Stock sell-off to intensify as fresh 10% plunge looms, finds survey_65800
With the S&P 500 flirting with a bear market last week and notching more than $1 trillion in losses, participants in the latest MLIV Pulse survey reckon there's more pain to come
 "Stock sell-off to intensify as fresh 10% plunge looms, finds survey_65800")
Biden says recession not inevitable as he readies Indo-Pacific trade pact_65799
Meeting with Kishida, Biden said the new framework would also increase US cooperation with other nations in the region
 "Biden says recession not inevitable as he readies Indo-Pacific trade pact_65799")
