Tag: india politics
HSBC Set For Debut In India Land Financing
MUMBAI: Global banking major HSBC is looking to get into funding real estate development in India through the FPI route. It might also enter the private debt space in other sectors as well, sources said. “They are big in Asia in real estate private debt....
Muted Revenue Growth, Higher Profitability For RIL In Quarter Ending September
MUMBAI: For Mukesh Ambani’s Reliance Industries (RIL), analysts estimate higher profit growth for the July-September quarter (second quarter, or Q2) of 2023-24 (FY24), while revenue growth is expected to remain subdued. Key monitorables include guidance o...
Food Inflation May Remain Elevated, Seen Above 6% In H2
NEW DELHI: A sharp decline in tomato prices may have caused the headline CPI (Consumer Price Index) inflation to plunge to 5.02% in September from 6.83% in August, but risks to food prices still persist, and experts see retail-food inflation staying above...
Microsoft-owned LinkedIn announces fresh layoff! Nearly 700 get pink slips
LinkedIn, the Microsoft-owned career network company, announced new round of layoffs on Monday. Nearly 700 people have been handed over the pink slips as part of company’s new policy. The layoffs will impact finance, product, engineering and talent teams....
SEBI, RBI Investigating Some Alternate Investment Funds: Sources
India‘s markets regulator and its central bank are investigating about a dozen cases of alternate investment funds (AIFs) allegedly being used to circumvent regulations, including “evergreening” of stressed loans, according to three sources with direct kn...
GDP Growth Estimated At 6.3 Per Cent For 2023-24: FICCI Economic Outlook Survey
The Indian economy is projected to grow by 6.3 per cent in FY24 with a minimum and maximum growth estimate of 6.0 per cent and 6.6 per cent respectively, according to the latest Economic Outlook Survey released by the Federation of Indian Chambers of Comm...
Swiggy Raises Platform Fee to Boost Unit Economics, Extends Nationwide
Swiggy, the food delivery platform, increased its platform fee on food delivery orders from Rs 2 to Rs 3 on October 4. At first, the fare hike was introduced in Hyderabad and Bengaluru and later extended nationwide. Presently, Swiggy imposes a platform fe...
Rekha Jhunjhunwala’s Portfolio Registers Record High At Federal Bank
The Federal Bank has released the results of the second quarter of the current financial year. In July-September 2023, the company recorded a net profit increase of 35.6 per cent to Rs 953.82 crore. In the same period, the bank’s net interest Income (NII)...
BJP’s electoral worship: Navratri Sammelan
In poll-bound Madhya Pradesh, where the difference in the number of seats between the Congress and BJP was wafer thin in 2018, the saffron party this time is using the ongoing Navratri week to maximise its outreach with a goal to win 65,000 booths. Starti...
Partition was a ‘historical mistake’, says Owaisi
AIMIM Chief Asaduddin Owaisi on Monday said the partition of India should never have happened and called it a ‘historical mistake.’ Addressing a press conference, the Hyderabad Lok Sabha MP said historically this was one country and unfortunately it was d...
Khattar offers dialogue to Mann on SYL issue
Haryana Chief Minister Manohar Lal Khattar on Monday reached out to his Punjab counterpart on the Sutlej-Yamuna Link issue, making an offer of a dialogue to resolve “any hurdle or obstacles” hindering the canal construction. Haryana is willing to engage i...
Kamal Nath says INDIA Bloc focus is Lok Sabha polls
Senior Congress leader Kamal Nath on Monday said the focus of the INDIA bloc is on Lok Sabha elections and it’s fine if this coalition happens in the Madhya Pradesh assembly polls. Polling for 230 seats in MP will be held in a single phase on November 17...
Adhir Ranjan rides into a daredevil helmet soup
A video of Congress leader Adhir Ranjan Chowdhury riding a bike, without a helmet while his hands were off the handle, went viral on social media for all the wrong reasons. As the netizens called off the Congress leader’s irresponsible road safety behavio...
Sops to burden new MP govt with Rs 50,000-cr ‘freebie bill’
When Priyanka Gandhi Vadra last week announced a monthly dole for one crore school children in poll-bound Madhya Pradesh, she added over Rs 10,000 crore to the state’s prospective annual freebies bill, swelling the worth of the Congress’s various promis...
BJP leans on welfare push as Modi draws large crowds
The BJP’s big push to change its fortunes in the region, which had spurned it in the last Madhya Pradesh assembly polls, seems to be facing some headwinds as regional factors take precedence and the Congress’ pitch for change challenges the ruling party’s...
