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Category: Business Updates

Business Updates

Bombay Dyeing shares jump 20%; hit 52-week high after land deal

November 28, 2022By businessreputationdata

Shares of Bombay Dyeing on Thursday jumped 20 per cent to hit the 52-week high level after the Wadias-run firm announced the sale of a 22-acre land parcel to Japan’s Sumitomo for Rs 5,200 crore.

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Business Updates

ONGC Videsh interested in oil and gas exploration in Sri Lanka: MD Rajarshi Gupta

November 27, 2022By businessreputationdata

Struggling with a severe economic crisis, Sri Lanka reportedly estimates that a 30,000 sq km area off the island’s north coast holds oil resources of over a million barrels.

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Business Updates

RBI names SBI, HDFC Bank, ICICI Bank as systemically important banks

November 27, 2022By businessreputationdata

While ICICI Bank continues to be in the same bucketing structure as last year, SBI and HDFC Bank move to higher buckets – SBI shifts from bucket 3 to bucket 4 and HDFC Bank shifts from bucket 1 to bucket 2, the RBI said.

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Business Updates

Common framework for AI welcome, but challenge is to make it truly global: Experts

November 26, 2022By businessreputationdata

And that is the story of the Global Partnership on Artificial Intelligence (GPAI) — an attempt largely led by the democratic world to adopt a global risk-based approach to AI.

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Business Updates

Beyond McCain and Tim Hortons, Canadian investments in India span infra to fintech

November 24, 2022By businessreputationdata

Indian companies in Canada are active in sectors like information technology, software, steel, natural resources, and banking.

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Business Updates

Moody’s ups India’s growth forecast to 6.7% for 2023 calendar year

November 22, 2022By businessreputationdata

Moody’s Investors Service on Friday raised India’s growth projection for 2023 calendar year to 6.7 per cent on account of robust economic momentum.

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Business Updates

Decision put on hold, credit card use abroad not to attract TCS

November 22, 2022By businessreputationdata

Currently, overseas tour package and LRS spending attracts 5 per cent TCS and there is no threshold.

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Business Updates

HDFC Ltd stops trading on bourses; merged entity to start trading today

November 22, 2022By businessreputationdata

In an interview with The Indian Express, Malhotra said the potential size of the online gaming industry is around Rs 50,000-85,000 crore.

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Business Updates

Raymond’s billionaire head Gautam Singhania announces separation from wife

November 21, 2022By businessreputationdata

Singhania, the chairman and managing director of Raymond, who’s net worth is reported to be over Rs 11,000 crore, made the announcement over the microblogging platform X, saying it is not the same Diwali as in the past.

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Business Updates

Tata Motors plans to set up separate sales network for EVs this fiscal year

November 19, 2022By businessreputationdata

Tata Motors plans to set up separate sales network for its electric passenger vehicles in current fiscal year as it looks to give differentiated experience to the buyers opting for the environment-friendly models, according to a top company official.

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