BUSINESS
Govt identifies new blocks for enhancing coking coal production
Coal India Ltd (CIL) plans to increase raw coking coal production from existing mines to up to 26 million tonnes by 2025. The country's largest producer of coal has also identified nine new mines with peak rate capacity of about 22 million tonnes, to enhance coking coal production, sources added. Coking coal is essentially required for production of steel.
RIL's scorching growth in 20 years of Mukesh Ambani's leadership
In 2022, he completes two decades at the helm of Reliance Industries. In these 20 years, the company has achieved a consistent strong double-digit growth across revenues, profits, net worth, assets as well as market capitalisation.
Nifty to reach 19,500, Sensex 64,500 by Dec 2023: Emkay Global
Emkay Global expects Nifty to attain a level of 19,500 by December 2023 given the current situation. "Barring any major change in the global macro-economic and geo-political set-up Sensex at 64,500 indicating a 7-8 per cent increase from the current levels," the company said. Largely, the increase in Nifty-50 profit after tax (PAT) in CY23 will be led by Banks, Auto OEMs and Ancillaries, Oil & Gas, and the IT companies, the company added.
SEBI's issues list of 'most wanted defaulters' - all untraceable!
The matter came to light when the SEBI Recovery Officers attempted to serve the notices of demand on these defaulters against whom the Recovery Certificates have been drawn up.
Predictable, progressive taxes needed for India to become a global gaming hub: Suggest experts
The event had five eminent panelists: Mr. Rohan Shah, Senior Counsel Supreme Court; Mr. Trivikraman Thampy, Online Games Entrepreneur, Founder-CEO Games24x7; Mr. Swapan Sarkar, Chief Executive, Sarkar & Associates; Mr. Suraj Malik, Managing Partner, Legacy Growth Partners; and Dr. Ramakrishnan Thiruvananthapuram S, Public Policy Analyst.
Global tech stocks tumble amid supply issues
Apple shares hit their lowest point since June 2021. Tesla's stock has dropped 73 per cent from a record high in November 2021. Companies have struggled to keep production going in China due to Covid restrictions and weeks of lockdowns, BBC reported. Now they are facing a staffing crunch as China battles a Covid wave after lifting years of restrictions.
Ex-Forbes lister Dhoot & Videocon's 'big con' on ICICI Bank
Though starting in a small way in Aurangabad, initial quick successes, certain right business decisions, quick wealth flowing in led to an 'intoxication' coupled with ambitions and greed, that led to the collapse of the Group, all in less than four decades. The paterfamilias, the venerable Nandlal Madhavlal Dhoot had a largely agriculture background, plus an Indian scooters dealership, and then he launched the modest consumer electronics company, Videocon Industries Ltd. in 1984.
YEARENDER: Composite insurance licence regime may trigger M&A activity: HDFC Life CFO Niraj Shah
"HDFC Life completed the merger with Exide life in 2022. We do believe that there is enough growth potential in life insurance sector to grow both organically as well as inorganically," Niraj Shah, Chief Financial Officer (CFO), told IANS in an interview looking back at 2022 and looking forward to 2023.
Musk says open to buying Substack to take on corporate media
Reacting to a user who asked him if it would make sense for Twitter to buy Substack and more tightly connect the two platforms, Musk replied: "I'm open to the idea". "Twitter plus Substack creates instantly massive competition for obsolete legacy corporate media," the user posted. Musk's reaction came after witnessing a lukewarm response from mainstream and corporate media on various versions of "Twitter Files" that he has revealed via independent journalists.
Smuggling of US dollars to Afghanistan hurting Pakistan's economy
"Pakistan is currently dealing with problems on several fronts, the political crisis being the first and biggest one. The dollar crisis is also connected with it," Malik Bostan, the Chairman of the Exchange Companies Association of Pakistan (ECAP), said at a news conference, The News reported.
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