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Author: businessreputationdata

Business Updates

Nirmala Sitharaman to equal Morarji Desai’s record with her sixth straight budget

November 3, 2023By businessreputationdata

With the presentation of the interim budget on February 1, Nirmala Sitharaman will surpass the records of her predecessors like Manmohan Singh, Arun Jaitley, P Chidambaram, and Yashwant Sinha, who had presented five budgets in a row.

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Business Updates

After Sony-Zee merger collapse, promoters now control ZEEL with just 3.99% stake

November 3, 2023By businessreputationdata

Institutional shareholders, including mutual funds, insurance companies and foreign portfolio investors, who hold 71.78 per cent stake in ZEEL, are in a position to wield the clout in the running of the company

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Business Updates

‘EPFO in process of crediting 8.15% interest for FY23’

November 3, 2023By businessreputationdata

“…(Labour Minister) expressed satisfaction that EPFO is giving 8.15% interest this year and has already credited interest in more than 24 crore accounts,” said a ministry statement after the 71st EPFO Foundation Day.

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Business Updates

Burger King says tomatoes on ‘vacation’ as India battles food inflation

November 2, 2023By businessreputationdata

“Even tomatoes need a vacation … we are unable to add tomatoes to our food,” read notices pasted at two Burger King India outlets. The chain has cited quality issues in explaining the shortfall.

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Companies Info

(Leg)Cyte

November 2, 2023By businessreputationdata

LegCyte leverages technology to make legislation easier to understand and generates legislative insight and analytics and makes information sharing simple.

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Business Updates

Markets trade lower in early trade; US Fed interest rate decision eyed

November 2, 2023By businessreputationdata

“From the global perspective, tonight’s Fed message is important in setting the global market trend. Markets will wait for the Fed chief’s message before taking a decisive turn,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.

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Business Updates

Insolvency and Bankruptcy Code: Firms liquidated had just 5% assets, while realisation from resolutions only 32.84%

November 1, 2023By businessreputationdata

The creditors have realised Rs 3.16 lakh crore under the resolution plans approved under the Code.

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Business Updates

New eastern route to Russia to handle rising cargo shipments between the two countries, two new hubs to counter transshipment: Sonowal

October 31, 2023By businessreputationdata

“We will surely have to compete in the regional and global maritime sector. And it has to be done with a long-term vision. This is not just about the next 10 to 20 years but goes much beyond that,” says Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal.

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Business Updates

Yatharth Hospital IPO to open on July 26; fixes price band at Rs 285-300/share

October 30, 2023By businessreputationdata

State Bank of India (SBI), the country’s largest lender, plans to raise up to Rs 100 billion ($1.22 billion) through the sale of infrastructure bonds maturing in 15 years, three bankers said.

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Business Updates

After being picked for ICICI top post in Dec 2008, Kochhar planned loans to Videocon: CBI

October 30, 2023By businessreputationdata

Retail inflation stood at 4.31 per per cent (revised upward from 4.25 per cent) in May and 7 per cent in June 2022. The previous high CPI was in March at 5.66 per cent.

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