Tag: business news 2022

  • CM Vows To Discuss Essential Items, At Next GST Council Meet

    Following criticism over GST (goods and services tax) Council’s decision on taxing certain essential commodities, Karnataka Chief Minister Basavaraj Bommai on Tuesday said the next meeting of the Council meeting would discuss that issue. He was responding to remarks by DeputyFollowing criticism over GST (goods and services tax) Council’s decision on taxing certain essential commodities, Karnataka Chief Minister Basavaraj Bommai on Tuesday said the next meeting of the Council meeting would discuss that issue. He was responding to remarks by Deputy

  • Yes Bank To Sell Stressed Assets Worth, Rs 48k Cr To JC Flowers ARC

    Yes Bank on Tuesday said its board has approved the sale of stressed assets worth around Rs 48,000 crore to JC Flowers ARC, which has turned out to be the sole bidder for the portfolio. The US-based asset reconstruction company (ARC)Yes Bank on Tuesday said its board has approved the sale of stressed assets worth around Rs 48,000 crore to JC Flowers ARC, which has turned out to be the sole bidder for the portfolio. The US-based asset reconstruction company (ARC)

  • Gold, Silver Price Delhi, Sept 20: Gold Prices Higher, Silver Falls

    Gold prices rose by Rs 24 to Rs 49,766 per 10 grams in the national capital on Tuesday, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 49,742 per 10 grams, as per a PTIGold prices rose by Rs 24 to Rs 49,766 per 10 grams in the national capital on Tuesday, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 49,742 per 10 grams, as per a PTI

  • India Would Be USD 25 Trn Economy, In 25 Years : NaBFID Chairman Kamath

    India is expected to be a USD 25-trillion economy in 25 years, veteran banker and chairman of National Bank for Financing Infrastructure and Development K V Kamath said on Tuesday. NaBFID was set up by the government last year to supportIndia is expected to be a USD 25-trillion economy in 25 years, veteran banker and chairman of National Bank for Financing Infrastructure and Development K V Kamath said on Tuesday. NaBFID was set up by the government last year to support

  • Indian Used-Car Market Valued, At USD 23 Billion in FY 2021-2022

    Shifting consumer preferences, rising disposable incomes, organized online-offline buying options and shorter time frames between the launch of new car models among top factors that will fuel this growth Mumbai, Maharashtra, India (NewsVoir) The Indian used-car market that isShifting consumer preferences, rising disposable incomes, organized online-offline buying options and shorter time frames between the launch of new car models among top factors that will fuel this growth Mumbai, Maharashtra, India (NewsVoir) The Indian used-car market that is

  • 2 Tourism & Hospitality Stocks Jump 5%, Hit 52-Week High Ahead Of Festive Cheer

    Two stocks belonging to tourism & hospitality sector have made strong gains today and hit their new 52-week high ahead of festive cheer. These stocks are Mahindra Holidays and Resorts India Ltd and Wonderla Holidays Ltd. Experts believe that demand isTwo stocks belonging to tourism & hospitality sector have made strong gains today and hit their new 52-week high ahead of festive cheer. These stocks are Mahindra Holidays and Resorts India Ltd and Wonderla Holidays Ltd. Experts believe that demand is

  • Companies Need To Be Prepared, For Continued Or Higher Inflation: HUL CEO&MD Sanjiv Mehta

    Businesses need to be prepared for possibilities of a continued or higher inflation and deflation of commodity prices in next 2-3 years, Hindustan Unilever CEO and MD Sanjiv Mehta said on Tuesday. The unprecedented inflation is not homegrown but has beenBusinesses need to be prepared for possibilities of a continued or higher inflation and deflation of commodity prices in next 2-3 years, Hindustan Unilever CEO and MD Sanjiv Mehta said on Tuesday. The unprecedented inflation is not homegrown but has been

  • Mother Dairy Expecting 20pc Revenue Growth, In FY23 To Rs 15,000 Cr

    Delhi-NCR’s leading milk supplier Mother Dairy is expecting 20 per cent growth in turnover this fiscal year to about Rs 15,000 crore on better demand for products, its MD Manish Bandlish said. The turnover of Mother Dairy, which also sells edibleDelhi-NCR’s leading milk supplier Mother Dairy is expecting 20 per cent growth in turnover this fiscal year to about Rs 15,000 crore on better demand for products, its MD Manish Bandlish said. The turnover of Mother Dairy, which also sells edible

  • Tata Group Stock Gains More Than 3% As Sensex Climbs Over 700 Points

    Sensex gained more than 727 points in early trade on September 20, 2022 amid the continuous uncertainty prevailing over the quantum of US Federal Policy rate hike. It is worth mentioning that Federal Reserve meets today and if initial reports areSensex gained more than 727 points in early trade on September 20, 2022 amid the continuous uncertainty prevailing over the quantum of US Federal Policy rate hike. It is worth mentioning that Federal Reserve meets today and if initial reports are

  • Australian Miner Fortescue, Reveals $6.2 Billion Carbon Plan

    Australian iron ore miner Fortescue Metals Group announced on Tuesday a USD 6.2 billion plan to eliminate fossil fuels and carbon emissions from its operations by the end of the decade. The world’s fourth-largest iron ore producer expects to save USDAustralian iron ore miner Fortescue Metals Group announced on Tuesday a USD 6.2 billion plan to eliminate fossil fuels and carbon emissions from its operations by the end of the decade. The world’s fourth-largest iron ore producer expects to save USD