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Author: businessreputationdata

Business Updates

States’ borrowing cost soars to 23-week high of 7.56 pc

May 21, 2022By businessreputationdata

On an annualised basis to the week, the states have drawn down 15.4 per cent more than what they had drawn in the same period last fiscal at Rs 19,500 crore.

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Business Updates

HUL appoints former revenue secy as independent director, makes key management changes

May 21, 2022By businessreputationdata

The newly-elected independent director was a 1988-batch Indian Administrative Service officer of the Haryana cadre.

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Business Updates

High food inflation: Veg, non-veg thali prices remain high, shows report

May 21, 2022By businessreputationdata

The cost of a vegetarian thali rose 24 per cent and a non-vegetarian thali 13 per cent in August when compared to the same period of last year, says a report from rating firm Crisil.

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Business Updates

Cabinet approves outlay of Rs 14,903 crore to expand Digital India programme

May 20, 2022By businessreputationdata

The Union Cabinet on Wednesday approved an extension of the government’s flagship Digital India scheme with an outlay of Rs 14,903 crore for five years, starting FY2021-22 to FY2025-26.

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Business Updates

India to offer 5 million tons wheat to bulk consumers to cool prices

May 18, 2022By businessreputationdata

The country has adequate stocks of wheat and rice which the government can release on the open market to stabilise prices, Food Secretary Sanjeev Chopra said on Wednesday.

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Business Updates

Post Galwan, in ban on Made in China, Rs 500-cr BSNL deal got through

May 18, 2022By businessreputationdata

Supreme Court, vide its order dated March 24, 2021 decided the issue relating to Rs 750 crore (with accrued interest) deposited by Jaiprakash Associates in favour of JAL.

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Business Updates

Deloitte to quit as Adani Ports’ auditor over concerns flagged by Hindenburg: Report

May 17, 2022By businessreputationdata

Deloitte in May had pointed to certain transactions flagged by the US short-seller in its report and gave only a qualified opinion, which indicates concerns by a company’s auditor.

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Business Updates

Geopolitics, political uncertainty pose greatest threats to business growth: Report

May 17, 2022By businessreputationdata

In terms of risks and threats, the KPMG survey found that disruptive technology has emerged as the primary threat to organisational growth for CEOs in India and around.

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Business Updates

Softbank pares 2.5 pc stake in logistics firm Delhivery worth Rs 739 crore

May 16, 2022By businessreputationdata

According to the bulk deal data available with the NSE, Softbank through its affiliate SVF Doorbell (Cayman) Ltd sold 1,83,05,480 shares, amounting to a 2.5 per cent stake in Delhivery.

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Business Updates

Inflation to remain ‘well above’ 6% in Q2, stagflation risk low: RBI article

May 15, 2022By businessreputationdata

In July, consumer price index (CPI)-based inflation rose to a 15-month high of 7.44 per cent from 4.81 per cent in June. The rise in inflation in July was driven primarily by increase in prices of vegetables, cereals, pulses, spices and milk and products,

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