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Category: Business Updates

Business Updates

China’s factory, service sectors stumble as economic malaise broadens

June 22, 2020By businessreputationdata

The commodity exchange renewed the contract for 2.50 billion rupees ($30.48 million) for six months, beginning July 1, compared with 810 million rupees for the first six months of the year.

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Business Updates

RIL seeks shareholders nod to appoint Mukesh Ambani as MD for next 5 years

June 22, 2020By businessreputationdata

Ambani had capped his annual remuneration at Rs 15 crore, from FY2009 to FY2020. Since FY2021, he opted to forego his salary, due to COVID-19 pandemic, until the company and all its businesses were fully back to their earnings potential, RIL said.

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Business Updates

Reliance JioCinema signs up Pokemon in kids entertainment push: Report

June 21, 2020By businessreputationdata

The deal, signed this month, will make JioCinema’s streaming app the “exclusive” India platform partner for more than 1,000 episodes and around 20 movies of the Japanese anime series, one of the sources said, without disclosing any financial details.

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Business Updates

Swiggy acquires LYNK Logistics, to enter retail distribution segment

June 19, 2020By businessreputationdata

Total income during the quarter under review increased to Rs 5,757 crore from Rs 4,081 crore in the year-ago period, Federal Bank said in a regulatory filing.

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Business Updates

G20 trade meet ends: Value chains to MSMEs, G20 ministers set out priority areas

June 18, 2020By businessreputationdata

All G20 member nations “unanimously agreed” on the outcome document, except for a disagreement over one paragraph on “geopolitical issues” pertaining to the Russia-Ukraine war, as taken from the G20 Bali Leaders’ Declaration in November last year.

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Business Updates

DGCA suspends Air India’s flight safety chief for a month over lapses discovered in inspection

June 18, 2020By businessreputationdata

Reacting to the DGCA’s action, Air India said that it acknowledges and accepts the regulator’s findings, adding that safety is the airline’s top priority and it is working raise its standards.

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Business Updates

Go First insolvency: Resolution professional seeks EoIs from prospective bidders till Aug 9

June 18, 2020By businessreputationdata

SEBI said it has continuously tightened rules concerning beneficial ownership and related-party transactions – key aspects in the allegations of Adani Group manipulating its stock price.

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Business Updates

Need framework for handling challenges related to crypto assets: FM Nirmala Sitharaman

June 17, 2020By businessreputationdata

The finance minister further said the recent income tax return (ITR) data, released in August, showed that the formalisation of the Indian economy is now really wide.

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Business Updates

Moody’s gives negative outlook for global banks in 2024

June 16, 2020By businessreputationdata

Major central banks will start to cut rates, but money will remain tight, resulting in lower GDP growth in 2024. Inflation is slowing, but geopolitical and climate risks remain.

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Business Updates

Zee moves NCLT against Sony for calling off merger; to contest $90 million claim before SIAC

June 16, 2020By businessreputationdata

It is “evaluating all available options” and basis the guidance received from its board, said a regulatory filing from Zee Entertainment Enterprise.

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