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  • NCLT Extends Insolvency Resolution Process, For Srei Infra Till Jan 5

    The National Company Law Tribunal (NCLT) has extended the time till January 5 next year for completion of insolvency resolution process for Srei Infrastructure Finance. Total three participants have shown interest in the buyout process. “National Company Law Tribunal, Kolkata benchThe National Company Law Tribunal (NCLT) has extended the time till January 5 next year for completion of insolvency resolution process for Srei Infrastructure Finance. Total three participants have shown interest in the buyout process. “National Company Law Tribunal, Kolkata bench

  • German business Leaders Warn Against Pulling, Out Of China

    A group of top German business executives is warning against withdrawing from China, while acknowledging that it’s right for Germany to redefine its relationship with Beijing. The intervention by eight chief executives in an article on Thursday for the daily FrankfurterA group of top German business executives is warning against withdrawing from China, while acknowledging that it’s right for Germany to redefine its relationship with Beijing. The intervention by eight chief executives in an article on Thursday for the daily Frankfurter

  • 50% Of Rated Indian Cos Getting Profitability Boost, From Weakening Rupee: S&P

    S&P Global Ratings on Thursday said about half of the Indian companies that it rates are getting a boost in their core profitability from rupee depreciation. “Much of our rated India corporate portfolio has sizable US-dollar linked revenue and, therefore, isS&P Global Ratings on Thursday said about half of the Indian companies that it rates are getting a boost in their core profitability from rupee depreciation. “Much of our rated India corporate portfolio has sizable US-dollar linked revenue and, therefore, is

  • Lupin Shares Jump 5% After, Q2 Earnings

    Shares of Lupin rallied 5 per cent in morning trade on Thursday after the company announced a consolidated net profit of Rs 130 crore for September quarter 2022-23. The stock jumped 5.16 per cent to Rs 729.85 on the BSE. AtShares of Lupin rallied 5 per cent in morning trade on Thursday after the company announced a consolidated net profit of Rs 130 crore for September quarter 2022-23. The stock jumped 5.16 per cent to Rs 729.85 on the BSE. At

  • Redfin To Cut, Another 13% Of Workforce, Shutter RedfinNow

    Online real estate broker Redfin is cutting 862 employees and shutting down its instant-cash-offer subsidiary RedfinNow, another casualty of two-decade high interest rates stoked by the Federal Reserve’s fight against inflation. The job cuts amount to 13% of Redfin’s workforce, theOnline real estate broker Redfin is cutting 862 employees and shutting down its instant-cash-offer subsidiary RedfinNow, another casualty of two-decade high interest rates stoked by the Federal Reserve’s fight against inflation. The job cuts amount to 13% of Redfin’s workforce, the

  • Meta’s India Staff, On Edge After US Firm Fires 11,000 Globally

    India employees of Meta, the firm that owns Facebook, Instagram and WhatsApp, have been thrown off-guard after the US firm announced 11,000 layoffs globally or 13 per cent of its workforce. While no country-specific numbers have yet been disclosed, Meta’s IndiaIndia employees of Meta, the firm that owns Facebook, Instagram and WhatsApp, have been thrown off-guard after the US firm announced 11,000 layoffs globally or 13 per cent of its workforce. While no country-specific numbers have yet been disclosed, Meta’s India

  • Global Entities, Fund Managers Keen, To Invest In India: IFSCA Chairman Srinivas

    Global entities and fund managers are keen to invest in India, Chairman of the International Financial Services Centres Authority (IFSCA) Injeti Srinivas has said, underlining the need to create a platform that intermediates global capital flows into the domestic economy. SrinivasGlobal entities and fund managers are keen to invest in India, Chairman of the International Financial Services Centres Authority (IFSCA) Injeti Srinivas has said, underlining the need to create a platform that intermediates global capital flows into the domestic economy. Srinivas

  • “Buy” The Stock Of Westlife Devp, Says The Head Of Research, Prabhudas Lilladher

    Amnish Aggarwal – Head of Research, Prabhudas Lilladher Pvt Ltd has recommended buying the stock of Westlife Development for a price target of Rs 847. “We maintain our positive stance following strong growth momentum and margin expansion in 2Q23.Amnish Aggarwal – Head of Research, Prabhudas Lilladher Pvt Ltd has recommended buying the stock of Westlife Development for a price target of Rs 847. “We maintain our positive stance following strong growth momentum and margin expansion in 2Q23.

  • Buy Tata Motors Stock, Says Prabhudas Lilladher, Target Price Rs 520

    Mansi Lall – Research Analyst at Brokerage firm Prabhudas Lilladher has a “buy” call on the stock of Tata Motors with a price target of Rs 520. Tata Motors’ 2QFY23 consolidated revenue surprised at Rs 796bn (+11% QoQ, PLe:Mansi Lall – Research Analyst at Brokerage firm Prabhudas Lilladher has a “buy” call on the stock of Tata Motors with a price target of Rs 520. Tata Motors’ 2QFY23 consolidated revenue surprised at Rs 796bn (+11% QoQ, PLe:

  • Cryptocurrencies Slump Again Amid Fallout, From FTX Sale

    Bitcoin slumped to a two-year low and other digital assets sold off following the sudden collapse of crypto exchange FTX Trading, which has been forced to sell itself to larger rival Binance. Bitcoin traded around $17,645, and overnight fell to itsBitcoin slumped to a two-year low and other digital assets sold off following the sudden collapse of crypto exchange FTX Trading, which has been forced to sell itself to larger rival Binance. Bitcoin traded around $17,645, and overnight fell to its