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Category: Business Updates

Business Updates

India to be a developed nation, modernising infra at rapid pace: R K Singh

April 14, 2023By businessreputationdata

Union Minister R K Singh on Friday said India is poised to become a developed nation, as the country is modernising its infrastructure at a rapid pace.

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Business Updates

Zee, Sony yet to agree on merger conditions as deadline for extended negotiation nears

April 14, 2023By businessreputationdata

The two parties are yet to come to an agreement over Zee Entertainment Enterprises Ltd (ZEEL) MD and CEO Punit Goenka leading the merged entity after Sony expressed concerns after market regulator Sebi barred him from holding managerial posts in Zee and any of the entities in a fund-diversion case.

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Business Updates

Sony calls off $10-billion merger with Zee; seeks $90-million termination fee

April 13, 2023By businessreputationdata

As per the original merger plan, Sony would have held 51 per cent stake in the entity and promoters’ share would have been 4 per cent while the rest would have been held by the public

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Business Updates

NCLT dismisses SBI’s petition against Bajaj Hindusthan Sugar

April 13, 2023By businessreputationdata

Bajaj Hindusthan Sugar is an integrated sugar company with an extensive network of 14 mills spread across Uttar Pradesh. It has an aggregate sugarcane crushing capacity of 136,000 tonnes crushed per day (TCD) and alcohol distillation capacity of 800 kilolitres per day (KLD).

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Business Updates

Anil Agarwal mulls listing Vedanta businesses separately

April 12, 2023By businessreputationdata

“I have asked all my advisors and my people can we have all products (businesses that Vedanta operates) or some products to be independent,” Agarwal said in a video message posted on YouTube.

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Business Updates

Rupee falls 4 paise to close at all-time low of 83.41 against US dollar

April 11, 2023By businessreputationdata

Forex traders are awaiting the US Federal Reserve’s monetary policy decision to be announced on Wednesday.

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Business Updates

Rs 50,000 crore FDI in food processing sector in last 9 years: PM Modi

April 9, 2023By businessreputationdata

PM Narendra Modi was addressing the second edition of World Food India at Bharat Mandapam in the national capital. The three-day event will conclude on November 5.

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Business Updates

Manipur, Punjab, 2 others have high debt to GSDP level of over 40%

April 8, 2023By businessreputationdata

A high debt to GDP ratio indicates that debt and GDP of those economies are not well balanced and they don’t produce goods and services sufficient to pay back debts without incurring further debt.

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Business Updates

India Inc sees revenue growth moderation for 4th straight quarter in April-June to 6-8% Report

April 6, 2023By businessreputationdata

Revenue of the engineering arm of the Larsen and Toubro group company has grown 14.71 per cent to Rs 2,301 crore, up from Rs 2,006 crore in the same quarter of previous fiscal.

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Business Updates

No proposal to provide duty concession on import of EVs: Govt

April 6, 2023By businessreputationdata

At present, cars imported as Completely Built Units (CBUs) attract customs duty ranging from 60 per cent to 100 per cent, depending on engine size and Cost, Insurance and Freight (CIF) value less or above USD 40,000.

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