Clipped from: https://economictimes.indiatimes.com/markets/ipos/fpos/lic-ipo-investors-said-to-bid-for-double-of-anchor-book/articleshow/91235630.cms Synopsis Singapore’s GIC Pte and Norway’s sovereign wealth fund are among the anchor investors, the people said, asking not to be identified before
Category: ART
*Indonesia’s ban on palm oil exports a concern but impact to be transitory: FMCG industry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/fmcg/indonesias-ban-on-palm-oil-exports-a-concern-but-impact-to-be-transitory-fmcg-industry/articleshow/91234387.cms Synopsis Several industry leaders hint that they will reduce their reliance on palm oil in phases and shift to alternatives such as rice
*****Decoding embedded value of life insurers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/decoding-embedded-value-of-life-insurers/article65359889.ece Understanding the metric assumes significance in the wake of the upcoming mega LIC IPO on May 4 Yash and Chaitanya meet over a
*Malaysia plans to attract one million Indian tourists annually by 2024 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/malaysia-plans-to-attract-one-million-indian-tourists-annually-by-2024/article65366937.ece Expect at least 1 lakh Indian tourist arrivals in 2022, says Senior Director of Tourism Malaysia A view of the illuminated Kuala Lumpur’s
Forex violations: ED seizes ₹5,551 crore from Chinese firm Xiaomi – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/forex-violations-ed-seizes-5551-crore-from-chinese-firm-xiaomi/article65370179.ece FILE PHOTO: The logo of Xiaomi is seen inside the company’s office in Bengaluru, India, January 18, 2018. REUTERS/Abhishek N. Chinnappa/File Photo |
*****A growing number of India’s workforce are no longer looking for jobs. Why? | The Financial Express
lipped from: https://www.financialexpress.com/jobs/a-growing-number-of-indias-workforce-are-no-longer-looking-for-jobs-why/2502862/ Frustrated at not being able to find the right kind of job, millions of Indians, particularly women, are exiting the labor force entirely,
*****‘Time in the market more important than timing the market’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/time-in-the-market-more-important-than-timing-the-market/article65365094.ece Strong demand from anchor and retail investors; market volatility may stabilise soon, says LIC Chairman “Why should anyone worry about valuation? It is
CCI raids top Amazon sellers Cloudtail, Appario – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/cci-raids-top-amazon-sellers-cloudtail-appario/article65365063.ece Cloudtail drives nearly 80 per cent of Amazon’s sales in India REUTERS | Photo Credit: Abhishek Chinnappa Raids in Delhi, Mumbai, and Bengaluru
Ambani readies for mega IPOs of Reliance Retail, RJio – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/ambani-readies-for-mega-ipos-of-reliance-retail-rjio/article65365066.ece Mukesh Ambani A global listing for both RRVL and RJPL simultaneously, along with listing in India, cannot be ruled out, say sources Mukesh
***Bank credit to industry turns around in FY22, infra lending tops Rs 1 trn | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/bank-credit-to-industry-turns-around-in-fy22-infra-lending-tops-rs-1-trn-122042901210_1.html Credit to medium-sized industries grew a robust 71.4% in March 2022 from 34.5% last year, that to micro and small units was 21.5%
*Indian refiners negotiating 6-month deal with Russia to import oil: Report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/indian-refiners-negotiating-6-month-deal-with-russia-to-import-oil-report-122042900814_1.html India has already bought more than twice as much crude from Russia in the two months since its invasion of Ukraine on Feb.
***GoM likely to discuss imposing flat 28% GST on online gaming | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gom-likely-to-discuss-imposing-flat-28-gst-on-online-gaming-122042901532_1.html Set to meet on Monday to iron out issues, including tax ambiguities An empowered group of ministers (GoM) — set up to look
**RBI new ban likely to push up approval cost for property developers | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-new-ban-likely-to-push-up-approval-cost-for-property-developers-122042901490_1.html The issue could be more worrisome for developers in Mumbai because premium payment and TDR appertain more to the city, experts said. Photo:
*Over 50% PMC depositors have stayed with Unity: Centrum Group’s Bindra | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/over-50-pmc-depositors-have-stayed-with-unity-centrum-group-s-bindra-122042901508_1.html Unity Small Finance Bank’s first leg of journey is integration: Bindra Jaspal Bindra, chairman of Centrum Group All branches of the beleaguered Punjab
Monthly selling streak by FPIs worst since global financial crisis in 2008 | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/monthly-selling-streak-by-fpis-worst-since-global-financial-crisis-in-2008-122042901588_1.html Pull out capital for 7th straight month in April A fall in the rupee eats into the returns for overseas investors Foreign portfolio
Tourist Visa: Can you change your tourist visa into a student or work visa once you’ve landed in the US? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/migrate/can-you-change-your-tourist-visa-into-a-student-or-work-visa-once-youve-landed-in-the-us/articleshow/91118290.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis A change of status means a change in your intention. For example, when you obtain a visa and enter the USA, you
Mukesh Ambani: Exclusive: Largest cross-border M&A for Mukesh Ambani in the making – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/largest-cross-boder-ma-for-ambani-in-making/articleshow/91134443.cms Synopsis Ambani has sets his aim on another marque multi-billion dollar cross border buyout — Walgreens Boots Alliance Inc’s international chemist and drugstore
New reporting requirements for companies put onus on auditors | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/new-reporting-requirements-for-companies-put-onus-on-auditors-122042601472_1.html Auditors to certify that transactions are not violative of PMLA/FEMA rules, according to ICAI guidelines Representative image Auditors should seek direct confirmation on ‘borrowed
White goods PLI round 2: 19 global, domestic companies file applications | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/white-goods-pli-round-2-19-global-domestic-companies-file-applications-122042700017_1.html A senior government official said the second round of applications was invited as the entire allocated funds were not utilised. As many 19
*New reporting requirements for companies put onus on auditors | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/new-reporting-requirements-for-companies-put-onus-on-auditors-122042601472_1.html Auditors to certify that transactions are not violative of PMLA/FEMA rules, according to ICAI guidelines Representative image Auditors should seek direct confirmation on ‘borrowed