Stores are selling winter clothes from last season in the middle of summer. Repair shops lack spare parts for appliances. There’s a waiting list to buy a new car. Egypt, a country of more than 103 million people, is running lowStores are selling winter clothes from last season in the middle of summer. Repair shops lack spare parts for appliances. There’s a waiting list to buy a new car. Egypt, a country of more than 103 million people, is running low
Tag: india business news
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Engineering Sector MSMEs Seek ‘Production Linked Incentive’ Scheme
An engineering sector’s body of MSMEs has demanded from the government to announce a production linked incentive scheme (PLI) for the industry to boost domestic manufacturing, exports and job creation. In a communication to the commerce ministry, Ludhiana-based Hand Tools AssociationAn engineering sector’s body of MSMEs has demanded from the government to announce a production linked incentive scheme (PLI) for the industry to boost domestic manufacturing, exports and job creation. In a communication to the commerce ministry, Ludhiana-based Hand Tools Association
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Gold Price Crashes To 7 Month Low, Silver Falls By Rs 1700 In 2 Days: Reasons Explained
The prices of gold in India on September 24 witnessed another dip of Rs 500 to settle at Rs 46,000 per 10 grams for 22 carat while the prices of 24 carat gold registered a decline of Rs 530 at RsThe prices of gold in India on September 24 witnessed another dip of Rs 500 to settle at Rs 46,000 per 10 grams for 22 carat while the prices of 24 carat gold registered a decline of Rs 530 at Rs
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Byju’s Clears USD 230 Million Dues, To Blackstone For Aakash Acquisition
Edtech firm Byju’s has cleared USD 230 million payment that was due to private equity investment firm Blackstone for acquiring a majority stake in test preparatory firm Aakash Educational Services, according to sources privy to the development. Byju’s had acquired AakashEdtech firm Byju’s has cleared USD 230 million payment that was due to private equity investment firm Blackstone for acquiring a majority stake in test preparatory firm Aakash Educational Services, according to sources privy to the development. Byju’s had acquired Aakash
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Indian Markets Takes A Breather, Nifty Opens 50 points Positive Today
The overall global markets look flat, and as global and Indian markets trade hand in hand, the Indian indices are expected to be flat or negative. While the Asian markets, the Hang Seng Index of Japan falls the most, while theThe overall global markets look flat, and as global and Indian markets trade hand in hand, the Indian indices are expected to be flat or negative. While the Asian markets, the Hang Seng Index of Japan falls the most, while the
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Nestle Planning To Invest Rs. 5,000 Crore In India By 2025
The latest statement of Nestle SA’s CEO Mark Schneider on Friday mentions the multinational food and beverage corporation is expecting to invest Rs 5,000 crore in India over the next three and a half years by 2025. The action will assistThe latest statement of Nestle SA’s CEO Mark Schneider on Friday mentions the multinational food and beverage corporation is expecting to invest Rs 5,000 crore in India over the next three and a half years by 2025. The action will assist
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India ‘Stalled’, During UPA-Era, Says Narayana Murthy
N R Narayana Murthy, co-founder of IT giant Infosys, on Friday lamented that economic activities in India were “stalled” and decisions were not taken by the Manmohan Singh government in time in the Congress-led UPA-era. During his interaction with young entrepreneursN R Narayana Murthy, co-founder of IT giant Infosys, on Friday lamented that economic activities in India were “stalled” and decisions were not taken by the Manmohan Singh government in time in the Congress-led UPA-era. During his interaction with young entrepreneurs
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Promoter Offloads 10 Lakh Shares, Of PI Industries For Rs 315 Cr
The promoter of agrochemicals company PI Industries on Friday offloaded 10 lakh shares of the firm for Rs 315 crore through open market transactions. The shares were picked up by a clutch of domestic mutual funds (MFs), foreign investors and anThe promoter of agrochemicals company PI Industries on Friday offloaded 10 lakh shares of the firm for Rs 315 crore through open market transactions. The shares were picked up by a clutch of domestic mutual funds (MFs), foreign investors and an
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India Strategic Market; Will Continue, To Make Investment: Mashreq Bank CEO
India is a strategic market and Mashreq Bank will continue to make investments to expand its business in the country, Bank’s Group CEO Ahmed Abdelaal has said. The oldest private bank in the United Arab Emirates (UAE) has had corporate bankingIndia is a strategic market and Mashreq Bank will continue to make investments to expand its business in the country, Bank’s Group CEO Ahmed Abdelaal has said. The oldest private bank in the United Arab Emirates (UAE) has had corporate banking
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UK Unveils ‘New Era,’ Of Tax Cuts With Mini-Budget
In line with much of the tax focus for Liz Truss during her leadership battle with British Indian ex-minister Rishi Sunak to be elected British Prime Minister, her new Chancellor tabled a mini-budget in Parliament on Friday packed with some ofIn line with much of the tax focus for Liz Truss during her leadership battle with British Indian ex-minister Rishi Sunak to be elected British Prime Minister, her new Chancellor tabled a mini-budget in Parliament on Friday packed with some of