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Author: businessreputationdata

Business Updates

Footwear maker Bata in talks for strategic partnership with Adidas: Report

March 30, 2024By businessreputationdata

Through the collaboration, Adidas is likely to use Bata India’s retail network to boost its presence in India, a news report said.

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Business Updates

India’s exports decline 22% to $32.97 billion in June

March 27, 2024By businessreputationdata

BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have reportedly submitted a proposal to Indian regulators to form an EV joint venture.

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Business Updates

Sensex slips 224 points, Nifty below 19,400 ahead of inflation data; Adani Ent, TaMo top losers

March 26, 2024By businessreputationdata

At present there are 1.3 million customers and 0.3 million merchants using retail digital Rupee. There are 13 banks offering retail CBDC.

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Business Updates

RBI tightens norms for lenders investing in AIFs

March 25, 2024By businessreputationdata

. Regulated entities (REs) make investments in units of AIFs as part of their regular investment operations. RBI, however, said that certain transactions of REs involving AIFs raise regulatory concerns.

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Business Updates

Infra output grows 12.1% in August, fastest in over a year

March 24, 2024By businessreputationdata

A sharp rise in output of electricity and coal could be attributed to deficient rainfall during the month, which could have spiked power demand. The cumulative rainfall in August was 33% lower than the long-period average (LPA).

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Business Updates

SpiceJet interested in acquiring grounded Go First, plans to bid after due diligence

March 24, 2024By businessreputationdata

In a regulatory filing, SpiceJet confirmed that it has expressed interest in acquiring Go First, which is currently undergoing the corporate insolvency resolution process (CIRP) after it decided to voluntarily file for insolvency in early May.

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Business Updates

We should be willing to accept inflation between 4-5% for several quarters: Jayanth R Varma

March 24, 2024By businessreputationdata

A more rapid pace of reduction could impose an intolerable growth sacrifice. We should be willing to accept inflation between 4 per cent and 5 per cent for several quarters as the price of avoiding a growth shock.

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Business Updates

Record Urals volumes boost India’s Russian oil imports in July

March 23, 2024By businessreputationdata

India is the world’s third-largest consumer of crude oil and depends on imports to meet over 85 per cent of its requirement.

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Business Updates

Titan to acquire additional 27.2% in CaratLane for Rs 4,621 crore to raise stake to 98.28%

March 22, 2024By businessreputationdata

CaratLane Trading is an unlisted entity and its turnover in FY23 stood at Rs 2,177 crore. It also operates in the manufacture and sale of jewellery

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Business Updates

SpiceJet-Credit Suisse case: SC threatens to throw SpiceJet CMD into ‘Tihar jail’ over non-payment of dues to Swiss firm

March 22, 2024By businessreputationdata

SpiceJet and Credit Suisse had told the Supreme Court on August 18, 2022 about the resolution of their financial dispute which led to the withdrawal of an appeal by the low-cost airline against a Madras High Court order.

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