BUSINESS
Essar group eyes forays into clean energy, infrastructure, IT solutions
Speaking to IANS on the sidelines of the India Energy Week, which was held in Bengaluru between February 6 to 8, Essar Capital Director Prashant Ruia informed that the company has outlined a blueprint focussing on the above mentioned sectors. In the energy sector, the company has envisioned a 10 million tonnes per annum refinery in the UK, a 1,200 MW power plant in India, and 15 trillion cubic feet of unconventional hydrocarbon reserves in India and Vietnam.
Zomato's net loss widens to Rs 347 cr in December quarter
Zomato Founder and CEO Deepinder Goyal said that the long-term opportunity remains large and exciting. "We think that the current slowdown is a result of a few temporary factors - a) macro slowdown for the mid-market segment, b) boom in dining out for the premium-end, and c) boom in travel at the premium-end," he said in the company's earnings results.
Bill Gates 'dating' Paula Hurd, widow of late Oracle CEO
According to People magazine, Gates was seen last week with her, watching the men's singles final at the Australian Open in Melbourne In 2021, Gates, 67, finalised his divorce from Melinda French Gates, 58, his wife of 27 years. "It's widely known that Bill Gates and Paula Hurd are dating, but she hasn't met his kids yet," reports People magazine, citing sources.
Lower underwriting loss, higher investment income, GIC Re posts Rs 3,749 crore PAT
According to GIC Re, the net profit for the nine month period was Rs 3,749.15 crore as compared to Rs 210.34 crore logged during the corresponding period of the previous year. The company's gross premium for the nine months ended December 31, 2022 was Rs 29,221.85 crore as compared to Rs 32,904.65 crore for the period ended December 31, 2021.
IIHL says it is batting for higher value for stakeholders in Reliance Capital case
The IIHL said there is no bar on multiple rounds of challenge mechanism to arrive at a higher valuation for a company and the the Adjudicating Authority has committed grave error of jurisdiction in interfering with the commercial decision of Committee of Creditors (COC) which has found the offers/resolution plans as sub-optimal.
Over a third of urban Indians claim decrease in disposable income in last 12 months
In India, more consumers report a decrease than increase in their disposable income in the past 12 months. There is a less pessimistic view on future disposable income. Fewer expect a fall in disposable income in the next 12 months as compared to the past (31 per cent), more expect an increase (26 per cent), and just as many.
Sitharaman holds virtual meeting with IMF chief
India will continue to support the ongoing efforts for orderly and timely implementation of the common framework, the Minister said during the meeting. Along with addressing debt vulnerabilities, Sitharaman and Georgieva also discussed the role of IMF and other relevant international organisations to develop a globally coordinated approach on the regulation of crypto assets.
RBI's 25 bps rate hike to increase home loan EMI
The RBI on Wednesday announced a 25 bps hike in repo rate to 6.5 per cent -- the rate at which RBI lends to banks -- in an attempt to reign in the inflation. The repo rate hike will in turn make the lenders to increase their lending rates. On a typical loan, a 25 bps hike will increase the EMI approximately by Rs 16 per lakh. A typical EMI for a Rs 30 lakh loan.
User fee collection at toll plazas rises to Rs 34,742 crore in 2021-22
With implementation of FASTag System, traffic congestion at fee plazas has been reduced significantly. Further, in order to reduce any congestion along National Highways, the NHAI is working on feasibility of barrier-less toll collection system based on advanced technologies such as Global Navigation Satellite System (GNSS), Video based MultiLane Free Flow System, etc.
Aero India 2023: Rajnath Singh to chair aerospace, defence industries CEOs round table
The platform, with theme "Sky is not the limit: Opportunities beyond boundaries", is expected to lay the foundation of a more robust interaction between the industry partners and government with an eye on bolstering the Make in India campaign, a Ministry statement said.
Don't Miss
Advertisement