LARGIE

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7MxGsvV via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NSWZJjD via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Tq6jsK8 via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/gUNhrQ0 via IFTTT

The Enforcement Directorate on Saturday "seized" Rs 5,551 crore in the bank accounts of Chinese mobile manufacturing company Xiaomi for alleged violation of Indian foreign exchange rules. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/In5HU3y via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HTX1WYB via IFTTT

Yes Bank on Saturday said it returned to full-year profitability in the fiscal ended March 2022, registering a profit of Rs 1,066 crore during the year.The private sector lender had posted a net loss of Rs 3,462 crore in the previous fiscal year ended March 2021 and a loss of Rs 22,715 crore in FY20.FY22 is the first full-year profit since FY19, Yes Bank said in a regulatory filing. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/AJLPb5u via IFTTT

The CBI on Saturday began searches at the premises of some prominent builders, including Ashwini Bhonsale, Shahid Balwa and Vinod Goenka, at eight locations in Mumbai and Pune in connection with the DHFL-Yes Bank corruption case, officials said. It suspects that their companies were used to channel alleged illicit money in the Yes Bank-DHFL loan case, they said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aKCBzbD via IFTTT

Union Bank of India has become the first public sector lender to go live on the account aggregator ecosystem, a part of the government's digital initiatives to improve credit delivery. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/q508KFi via IFTTT

In the March quarter, the technology giant reported earnings of $25 billion, up 5.8 per cent from the year-ago period as revenues rose nine per cent to $97.3 billion. The strongest growth by region was the Americas, with the company also reporting moderate revenue increases in Europe and Greater China. Revenues fell in Japan and other Asian markets. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NQiAXS via IFTTT

Tesla Inc lost ground on Thursday amid investor concerns that Musk may have to sell Tesla shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZXhVuSq via IFTTT

India will be the fastest-growing semiconductor consumption market in the world with annual domestic demand expected in excess of $110 billion by the end of the decade, minister of state for IT & electronics Rajeev Chandrasekhar has said, adding that top global chipmakers have evinced "serious interest" in bringing in large-scale investments into the category. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fTLXpDg via IFTTT

ONDC has roped in eSamudaay, ERP player Gofrugal, digital business platform for enterprise business Digiit, digital marketing outfit Growth Falcon and automation and data insights outfit sellerapp to work with sellers, while Paytm will be on the buyers. The platform seeks to board 150 sellers in Delhi NCR, Bangalore, Coimbatore, Bhopal and Shillong during the test run. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HzGMBdY via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/S8VPGFB via IFTTT

India's gold demand is likely to remain soft in second quarter after falling 18% in the first quarter as retail purchases during a key festival early next month could be below normal because of volatile prices, the World Gold Council (WGC) said on Thursday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ASC7RXa via IFTTT

The commerce and industry ministry is all set to launch the pilot phase of open network for digital commerce on Friday, a senior official said. The Open Network for Digital Commerce (ONDC) is an initiative of the government to promote an open platform for all aspects of the exchange of goods and services through electronic networks. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xMfqePG via IFTTT

Maharashtra will provide a transport subsidy to sugar mills to crush surplus cane in the marketing year ending on September 30, the state government said in a statement on Thursday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Cmi7K42 via IFTTT

Finance minister Nirmala Sitharaman has said that India is looking to launch the proposed central bank digital currency (CBDC) in 2023 with the government and the RBI planning to use it beyond financial inclusion. "The government and the RBI are looking into its several commercial use purposes and not just financial inclusion, which is largely achieved through the JAM trinity," the minister said at an event organised by Ficci and USISPF in California. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7hniECH via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ciq9fVd via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IATNEXx via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rCvEZNO via IFTTT

India will provide a subsidy of Rs 60,940 crore ($7.96 billion) for phosphatic and potash-based fertilisers over the coming months to insulate farmers from higher global prices, information and broadcasting minister Anurag Singh Thakur said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/AlLp6mg via IFTTT

Tata Group-owned Air India has proposed to buy the entire equity share capital of low cost carrier AirAsia India, in which Tata has a majority stake, to merge into a single airline, according to an application with the competition commission of India (CCI). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GRVxKvO via IFTTT

Oil and Natural Gas Corp (ONGC) is struggling to find a vessel to ship 700,000 barrels of crude from Russia's Far East, in a growing sign that complex trades involving one of Moscow's biggest partners are being interrupted by Western sanctions, sources say. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KFYw6S1 via IFTTT

Tesla is not involved in the Twitter deal, yet its shares have been targeted by speculators after Musk declined to disclose publicly where his cash for the acquisition is coming from. The 12.2% drop in Tesla's shares on Tuesday equated to a $21 billion drop in the value of his Tesla stake, the same as the $21 billion in cash he committed to the Twitter deal. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rh5E6My via IFTTT

A report from the State Bank of India (SBI) has called for mandating that 30% of the business correspondent (BC) workforce comprise women. According to the report, while the majority of the Jan Dhan Yojana accounts (55%) belong to women, the usage of these lags those of men and remain inoperative most of the time. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EnHdPNp via IFTTT

Auto marketplace unicorn Droom is set to launch its Rs 3,000-crore IPO by offloading an 18% stake in next two months. The IPO comprises fresh issuance of equity shares worth Rs 2,000 crore and an offer for sale (OFS) to the tune of Rs 1,000 crore, according to the draft red herring prospectus (DHRP) filed by the company in November last year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HWxmryJ via IFTTT

Wipro is acquiring Rizing Intermediate Holdings, a global SAP consulting firm, for $540 million (about Rs 4,140 crore). Rizing is the latest in a series of big acquisitions by Wipro under CEO Thierry Delaporte, who joined the company in July 2020. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/BuH7UiE via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tawd7VU via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iL8yBpS via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xhdKvRl via IFTTT

Adani Group chief Gautam Adani has become the 5th richest person in world by surpassing Berkshire Hathway CEO Warren Buffett. According to the Forbes rich list, Adani has reached the 5th position with a total net worth of $123.7 billion, about $2 billion higher than Buffett's $121.7 billion. Adani entered the $100-billion wealth club on April 4 and now holds a place among the top 5 richest people in the world. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/76R0bTa via IFTTT

Tata Steel managing director T V Narendran, who leads industry lobby group CII, suggested on Monday to devise contracts that allow for price adjustments, a move that will help cushion the impact of inflation on companies, particularly small and medium enterprises. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/i9xIgMX via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Cb6GRS1 via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FQVwYEb via IFTTT

Elon Musk clinched a deal to buy Twitter Inc for $44 billion on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world's richest person. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2n5ag14 via IFTTT

India has bought more than twice as much crude oil from Russia in the two months since its invasion of Ukraine as it did in the whole of 2021, according to Reuters calculations, as Indian refiners snapped up discounted oil that others have shunned. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kGsFPZS via IFTTT

The Centre has approved assistance of more than Rs 1. 6 lakh crore for 12 states and the Union Territory of Jammu & Kashmir for implementing measures in power sector. These include installing smart meters, cutting line losses and erasing gap between cost of supply and revenue realisation, with the aim of restoring financial viability of discoms (distribution companies). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qlEg6ZB via IFTTT

Just three weeks into the new financial year, the Centre is staring at additional expenses of around Rs 2 lakh crore, primarily on account of higher food and fertiliser subsidies. What’s more, further pressure is building up due to a surge in commodity prices following the Russia-Ukraine conflict. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IfNkcPD via IFTTT

Aggressive buying by private players with higher price offers, coupled with a fall in production, have put the government’s target for wheat procurement in a tight spot. Going by the trend, there is a high possibility that this season’s wheat procurement by government agencies may hit the lowest in the past decade, sources said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/gOmLjpi via IFTTT

In March this year, India completed 12 successive months of double-digit wholesale price inflation (WPI inflation). This is the sixth occasion when inflation has remained over 10% for a year or longer, and it came more than a quarter of a century after the last such episode — between March 1994 and May 1995. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nG9eP3T via IFTTT

The Centre has put the privatisation of state-run refiner BPCL on the backburner for now while a review of the sale process of Shipping Corporation of India (SCI) will be undertaken shortly to move forward with the transaction, officials said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OqioVIp via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3C8Kz9S via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qM5vf6c via IFTTT

Coal stocks at non-pithead thermal power plants remained consistently low during the last week till Thursday at 26 per cent of the normative levels, showing shortage of the dry fuel amid rising electricity demand due to scorching heat. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0fiIM3B via IFTTT

The Aditya Birla Group’s apex body Aditya Birla Management Corporation (ABMCPL) will soon get its first woman director Vishakha Mulye. The Group has appointed Mulye of ICICI Bank as the next CEO of its financial services holding company, Aditya Birla Capital. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/S9Tj2DA via IFTTT

Reliance Industries (RIL) said on Saturday that it has called off the proposed deal to acquire Future Retail’s (FRL) assets for Rs 24,700 crore. At meetings of shareholders and creditors of Future Group companies comprising FRL and other listed entities involved in the scheme held on April 20 and 21, the companies intimated the results of the voting. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LE3wvXV via IFTTT

Finance minister Nirmala Sitharaman has said India remains concerned about the risks to global recovery due to rising uncertainty amidst enhanced geopolitical tensions. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/U8yrlnd via IFTTT

Global airlines body IATA says India’s “tourist visas issued to nationals of China are no longer valid”. Top government officials said India is still giving business, employment, diplomatic and official visas to Chinese nationals. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/BEaqyiJ via IFTTT

Niti Aayog vice chairman Rajiv Kumar has stepped down from his post after nearly five years at the helm and will be replaced by economist Suman Bery. “Yes. I have stepped down,” Kumar told TOI when asked about the sudden development, without elaborating further.The Appointments Committee of the Cabinet accepted the resignation of Kumar with effect from April 30. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lmh8SnQ via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FLrPX2R via IFTTT

Indicating that there can be no clear road map of policy action, RBI governor Shaktikanta Das has said that the central bank’s monetary policy committee (MPC) needs to constantly re-assess the situation and tailor response accordingly as the situation is dynamic. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ly5cmJi via IFTTT