LARGIE

In a high-pitched battle within the Munjal clan, Pawan Munjal of Hero MotoCorp won a crucial interim arbitration order that allows him and his company to use the popular ‘Hero’ brand name and trademark for their electric vehicles. With this, he scores a victory over his nephew Naveen Munjal, who along with his company Hero Electric had claimed rights over the Hero brand for green vehicles. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ejADO3z via IFTTT

Hindustan Unilever (HUL) CEO & MD Sanjiv Mehta will be appointed the president commissioner (non-executive chairman) of Unilever Indonesia, a public company. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RuICPVr via IFTTT

Finance minister Nirmala Sitharaman has said that the Indian currency is better placed compared to its peers and the forex markets were experiencing global spillovers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2DW7Qvd via IFTTT

The Reserve Bank of India (RBI) has said that the banking system is sound and the economy is on the path to recovery, and the threats to the country are largely from global spillovers and geopolitical tensions. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/eqoISm8 via IFTTT

Seven states, including Andhra Pradesh, Gujarat, Haryana, Karnataka, Punjab, Tamil Nadu and Telangana, have emerged as top achievers among states and union territories in the Business Reforms Action Plan (BRAP) assessment, covering 15 areas and 301 reform action points. Based on their performance, states and UTs have also been categorised as ‘achievers’, ‘aspirers’ and emerging business ecosystems, unlike the past, when they were ranked. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hVinYJ3 via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/W1wt7NU via IFTTT

Reliance Brands (RBL) is set to take on Tata Starbucks by bringing to India British sandwich and coffee chain Pret a Manger. RBL, a subsidiary of Reliance Retail, plans to launch and build the Pret a Manger restaurant chain in India with a long-term master franchise agreement. The contours of the deal were not disclosed. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dlHM4P8 via IFTTT

India will have 122 new unicorns (startups valued over $1 billion) in 2-4 years in 25 cities, according to ASK Private Wealth Hurun India Future Unicorn Index 2022. Hurun Research said India's future unicorns are currently worth $49 billion, an increase of 36% compared to last year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/47mruqx via IFTTT

Sebi on Wednesday allowed foreign portfolio investors (FPIs) to participate in the country's commodities derivatives markets. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/m40voXV via IFTTT

Ahead of the end of the five-year compensation period to cover "losses" of states, a clarity on whether it would be extended beyond Thursday remained elusive, although several states raised the demand at the GST Council. "If there was a solution, I would have told you," finance minister Nirmala Sitharaman said when asked about an extension. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IeE42ba via IFTTT

The GST Council on Wednesday deferred a decision on taxing casinos, online games and horse racing at 28% in the wake of issues raised by Goa. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/o4gtPwz via IFTTT

Goods and services - ranging from pre-packed unbranded food items, certain pickles and lassi, cheques, cut and polished diamonds, LED lamps, pencil sharpeners, printing, drawing and writing ink, cutlery, and hospital rooms - will face higher GST from July 18, pushing up costs. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FXweUGp via IFTTT

Axis Bank has said that it is confident about the quality of Citibank’s credit card portfolio and the persistency & spending were satisfactory. Speaking to newspersons here, Axis Bank head (cards & payments) Sanjeev Moghe said that he was confident that the integration would be completed within the indicated timeframe. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/K59MnOE via IFTTT

The US economy contracted slightly more than previously estimated in the first quarter amid a record trade deficit and supply chain disruptions, government data showed on Wednesday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/j9RiDJS via IFTTT

Pallonji, the chairman of Shapoorji Pallonji (SP) Group which runs a sprawling construction business dating back over 150 years, was also the single-largest shareholder (18.4%) of Tata Sons, the main investment entity of the $103-billion Tata Group. A low-profile philanthropist, he was awarded the coveted Padma Bhushan award in 2016 for contributions to Indian industry. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PQMGAgc via IFTTT

Bertelsmann India Investments (BII) has raised $500 million as part of its early stage programme to back tech startups. BII plans to partner with existing top VCs and entrepreneurs to make selective Series A investments - both as lead or follow-on investments and make three-four such deals annually. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/D9SvlOq via IFTTT

Creditors in a bankruptcy process may be required to seek independent resolution plans for different business units of a defaulter where bidders are not interested in the entire diversified business but specialised units. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hvr5IKx via IFTTT

Byju's is said to have pushed back payments to Aakash Educational Services (AESL) that it acquired last year for nearly $1 billion. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/knguWTp via IFTTT

Income inequality in the country stayed at the same level during the pandemic and India has done quite well in terms of navigating income shocks across deciles of population, a State Bank of India (SBI) report has shown. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wd10hVP via IFTTT

Maruti Suzuki chairman R C Bhargava has said the company will not hesitate to "discontinue" small cars if these become unviable due to government policy interventions which are contributing to making the vehicles expensive and out of the reach of the common man from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Rfcahiq via IFTTT

Mahindra Scorpio got a contemporary makeover, with the homegrown auto major launching 'Scorpio-N', the new-gen version of the model that first hit the roads in June 2002. Scorpio changed fortunes of the then-fledgling automotive business of Mahindra & Mahindra. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7G0qEiD via IFTTT

TVS Motor is betting big on the electric vehicle segment, lining up a range of products both in two- and three-wheeler categories across multiple EV platforms. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3sY74yq via IFTTT

Markets regulator Sebi has imposed a fine of Rs 12 crore on two Sahara Group companies and some of the board members of these two entities, including Subrata Roy Sahara, for violating laws that govern fund-raising by corporates. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/n6bQKG2 via IFTTT

Union road transport minister Nitin Gadkari on Monday called out the double standards of some car manufacturers who were not providing the safety features in cars sold in India that they were giving in the same models meant for exports. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1ct9AMF via IFTTT

The Sri Lankan crisis could prove to be a windfall for India’s global trade logistics. India’s ports have already started to benefit from the disruptions caused at Colombo, with Mundra emerging as the costliest port globally for standard containers for the first time this year. In April, it was the third most expensive port. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/N7LUgtb via IFTTT

The all-powerful GST Council meets on the eve of the fifth anniversary of the tax regime's rollout in 2017. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wuqXYxD via IFTTT

Private sector banks more than tripled their share in loans sanctioned to the micro, small and medium enterprise (MSME) sector to 69.8% in FY22 from the previous year’s levels. Earlier, private banks had almost halved their share in FY21 to 18.2% from 33.6% in FY20. Public sector banks, which accounted for 48% of all loan sanctions to MSMEs in FY20, increased the share to 73% in FY21. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rO5FgYj via IFTTT

Billionaire Gautam Adani has set the ball rolling to build a one-million-ton per annum (MTPA) copper plant in his home state of Gujarat. He has raised Rs 6,071 crore in debt to finance the project’s first phase (that is 0.5MTPA capacity). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jdzGoun via IFTTT

Open Network for Digital Commerce (ONDC), the UPI-type platform that the government is pushing to democratise retail and take on the might of Amazon, Flipkart and other e-commerce giants. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4MNCKh2 via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bEATH6P via IFTTT

V Krishnamurthy, 97, who is known as the "father of PSUs in India" for his successful contribution in turning around SAIL, BHEL, GAIL & Maruti into the most profit-making companies, passed away in TN on Sunday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jKzScRb via IFTTT

For months, the country found paths around the penalties imposed after the Kremlin’s invasion of Ukraine. But at the end of the day on Sunday, the grace period on about $100 million of snared interest payments due May 27 expired, a deadline considered an event of default if missed. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MFjnBTS via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RiuGz7w via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Yqaz5uy via IFTTT

India is one of the fastest-growing economies in the world and it is expected to reach USD 30 trillion in the coming 30 years, Commerce and Industry Minister Piyush Goyal said here on Sunday. If India grows at 8 per cent every year on a compounded annual growth basis, the economy will double in about nine years, he said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5e7adjF via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/k7ajKdp via IFTTT

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

Foreign investors continue to desert Indian equity markets and pulled out close to Rs 46,000 crore so far this month following monetary policy tightening by the Reserve Bank and US Federal Reserve, high oil prices and volatile rupee. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OrHImea via IFTTT

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kU87FSW via IFTTT

The cess is due to end on June 30 as part of the five-year formula devised by the Centre and the states to ensure that the latter's revenue grew 14% annually. But due to the pandemic, the burden has now been passed on to consumers up to March 2026. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kan6zBZ via IFTTT

The levy of cess was to end on June 30 but the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state FMs, decided to extend it till March 2026 to repay the loans taken in the last two fiscal years to make up for the shortfall in their revenue collection. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8LHyIkG via IFTTT

Adani Group chairman Gautam Adani has committed to donate Rs 60,000 crore ($7.7 billion) to social causes. Adani's corpus will be administered by the Adani Foundation, making it one of the biggest transfers to a philanthropic trust in India. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/z0xQPC5 via IFTTT

Inflationary challenges are going to continue through the remaining of the year at least, but the medium- and long-term prospects of the fast-moving consumer goods (FMCG) sector are “unarguably positive”, Hindustan Unilever (HUL) chairman Nitin Paranjpe told TOI in an exclusive interview. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ril3Bgy via IFTTT

Global electronics contract manufacturing major Foxconn's top officials met Prime Minister Narendra Modi as the Taiwanese company outlined plans to expand its India operations. It is looking to enter the semiconductor business with Anil Agarwal's Vedanta Group. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GfPE8VU via IFTTT

Swedish furniture retailer Ikea is shutting down its purchasing office in the Delhi NCR region, which has been operational for decades. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RvPI6dp via IFTTT

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

The government has claimed that a series of interventions in the past one year has resulted in “insulating the import of inflation” in the edible oil sector. It cited the data of how the international prices of major edible oils such as soyabean, sunflower and palmolein have gone up by more than 45% in the past one year while their domestic wholesale prices have increased by a maximum of 16%. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KMc4x0j via IFTTT

Edible oil prices in the retail market have started easing with softening of international rates and the government's timely intervention, food secretary Sudhanshu Pandey said on Wednesday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/eycCWIY via IFTTT

India is providing safety certification for dozens of ships managed by a subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India and elsewhere after Western certifiers withdrew their services due to global sanctions against Moscow. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/gWfEvPX via IFTTT

Twitter's board has recommended unanimously that shareholders approve the proposed $44-billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing on Tuesday. Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hLdwWPK via IFTTT