Adani-Hindenburg

Photo: The Indian Express

Former UK PM Boris Johnsons Brother Quits As Director Of Adani Linked Firm

After the Hindenburg-Adani issue, 50-year-old  Lord Jo Johnson has resigned as the director of Elara Capital, an investment firm linked to Adani Group. At the same time, Johnson has cited a lack of expertise as a reason to quit from the firm. Besides the loss of $100 million, the Adani group is likely to lose investors and is also on the watchlist of the Reserve Bank of India. 

Fri, 03 Feb 2023 - 10:39 AM / by Varsha Joshi

Tags: Adani Groups, Elara Capital, Boris Johnson Brother, Hindenburg, business

Growth Chart

Photo: The Economic Times

Indian Economy Expected To Slow Down To 6.1% In 2023; Says IMF

As per the International Monetary Fund (IMF), the Indian economy is expected to slow down in the next fiscal year with a projected growth of 6.1% from the previous 6.8%. On January 31, the IMF released its monthly update, which estimated global growth of 3.4% in 2022 to 2.9% in 2023, then rise to 3.1% in 2024. "we're expecting some slowdown to 6.1% in fiscal year 2023." said IMF Director.

Tue, 31 Jan 2023 - 10:29 AM / by Varsha Joshi

Tags: Indian Economy, IMF, Indian government, business, Global Growth

IMF

Photo: The Indian Express

IMF Hails DBT Schemes of India And Calls It As Logistical Marvel

The International Monetary Fund (IMF) hailed the Indian Government’s Direct Benefit Transfer scheme, and called it as a “logistical Marvel.” The statement from the IMF came as a big accolade for the Narendra Modi-led Central Government, which launched the Direct Benefit Transfer (DBT) scheme. The aseeks to help people who are at low-income levels reach hundreds of millions of people is a logistical marvel.… read-more

Thu, 13 Oct 2022 - 06:40 PM / by Varsha Joshi

Tags: Indian government, DBT Schemes, IMF, business, Narendra Modi Govt

Courtesy: News On Air

Infosys

Photo: Analytic Analysis Magazine

Infosys Announces Buyback Programme With Rise In Net Profit To Rs 6,021 Crore

Infosys posted an 11 per cent year-on-year rise in consolidated net profit to Rs 6,021 crore for the September quarter and also announced a share buyback programme worth Rs 9,300 crore. As per PTI, IT company will also pay an interim dividend totalling Rs 6,940 crore to the shareholders. Moreover, net profit of Infosys, India's second largest firm stood at Rs 5,421 crore in the same period a year ago.

Thu, 13 Oct 2022 - 06:04 PM / by Varsha Joshi

Tags: business, Infosys, IT Companies, Shares, Quarter Finance

iPhone 15

Photo: The Indian Express

iPhone 15 Is All Set For 2023 Fall, Announces Apple

Apple is all set to roll out its new product, iPhone 15, with a USB-C. After the recent launch of the iPhone 14 series, the company is expected to launch the new version by 2023. "The iPhone 15 is essentially a lock to get USB-C in the fall of 2023," said sources. Speaking of new USB-C specification, the change was made after a push by European markets, for environmental benefits.

Wed, 12 Oct 2022 - 09:08 AM / by Varsha Joshi

Tags: iPhone 15, Technology, Apple, Tech market, business

Courtesy: Tech Hindustan

Rupee-Dollar

Photo: The Indian Express

Rupee Declines By 39 Paise, At All Time Low Of 82.69 Against US Dollar

In the trade market, Indian currency continued to fall and depreciate against the US Dollar, giving concerns to investors and traders. On October 10, the rupee fell by 39 paise, to an all-time low of 82.69 against the US dollar, whereas the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.02% higher at 112.81.

Mon, 10 Oct 2022 - 03:25 PM / by Varsha Joshi

Tags: business, INDIAN MARKET, US Dollar, trading, Sensex

Investment

Photo: The Indian Express

Under Credit Guarantee Scheme For Startup, Rs 10 Crore Loans Allowed

With the announcement of the Indian government's credit guarantee scheme for startups (CGSS) many companies will get. The CGSS scheme will provide credit guarantees of up to Rs 10 Cr against startup loans that lending institutions issue.  Under this scheme, the government aims to offer the said credit guarantee (for startups) to lending institutions including banks, financial institutions, NBFCs and alternative investment funds (AIFs).

Sun, 09 Oct 2022 - 07:45 PM / by Varsha Joshi

Tags: Start-up, Indian government, Credit Scheme, business, Loan Scheme

Courtesy: INC 42

Delhi Night Life

Photo: The Times of India

Delhi Governor Approves 300 Hotels, Clubs And Online Services, Function Round Clock In Delhi

In a major boost to the nightlife of Delhi, LG Governor A. Saxena permitted 300 hotels and clubs to operate 24X7, in the national capital. On October 9, the Delhi Governor ordered to issue a notice in this regard and said, "Starting next week, the 300-plus establishments will be able to operate on a 24X7 basis in the national capital". It will help major businesses, including online services, boost the economy.

Sun, 09 Oct 2022 - 03:50 PM / by Varsha Joshi

Tags: Delhi, Night life, business, Economic Boost, Delhi hotels

Courtesy: Zee News India

Gautam Adani

Photo: Forbes

Adani Group To Invest Rs 65,000 In Rajasthan, To Set Up Mega 10,000 MW Solar Power Capacity

Adani group has announced to invest around Rs 65,000 crore in Rajasthan, in the next five to seven years. Adani group will reportedly set up a mega 10,000 MW solar power capacity in Rajasthan, creating over 40,000 direct and indirect jobs. The announcement was made during the inaugural session of the Invent Rajasthan Summit 2022 in Jaipur, on October 7. 

Sat, 08 Oct 2022 - 03:00 PM / by Shibu Immanuel S

Tags: solar power plant, Invent Rajasthan Summit, Adani Group, Jaipur, business

Courtesy: ANI

Mahindra Finance

Photo: The Indian Express

Mahindra Finance Reports 110% YoY In September With CE 98%

Mahindra Finance announced a growth of 110%, despite macro tailwinds in September 2022. As per sources, This translates to a Y-o-Y growth of 82% in Q2 FY23 and 106% for H1 FY23. The first half is estimated to clock a disbursement of approximately Rs. 21,300 crores, said Mahindra Finance in an official statement. The collection efficiency also increased to 98% from the previous 96%.

Wed, 05 Oct 2022 - 06:34 PM / by Varsha Joshi

Tags: Mahindra Finance, YoY Growth, September, collection efficiency, business

Courtesy: Economic Times