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Category: Business Updates

Business Updates

GAIL net profit jumps 56% in Sept quarter to Rs 2,405 crore

December 30, 2022By businessreputationdata

GAIL’s standalone net profit of Rs 2,404.89 crore in July-September, or Rs 3.66 per share, was 54.4 per cent higher than Rs 1,537.07 crore, or Rs 2.34 a share, profit in the same period last year.

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Business Updates

Starbucks India to more than double store count to 1,000 by 2028

December 30, 2022By businessreputationdata

Since opening its first cafe in October 2012, Tata Starbucks’ store count has grown to 390. It has opened 57 stores so far this fiscal year and had added 71 in the previous fiscal.

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Business Updates

Inability to hike petrol, diesel prices ahead of 2024 LS polls to weaken OMCs’ profitability: Moody’s

December 30, 2022By businessreputationdata

Although petrol and diesel prices are deregulated, the three OMCs in the past have kept fuel prices frozen around key elections, particularly if the global rates dictated a price increase.

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Business Updates

RBI slaps Rs 12.19 crore penalty on ICICI Bank for non-compliance

December 29, 2022By businessreputationdata

In a separate order, the RBI also imposed a penalty of Rs 3.95 crore on Kotak Mahindra Bank for various violations of rules.

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Business Updates

Air India commissions mega warehouse facility in Delhi for storage of engineering spares

December 28, 2022By businessreputationdata

Spread across 54,000 sq ft and located near Terminal 3, at Delhi Airport’s cargo complex, Air India’s centralised warehousing facility will improve the turnaround time of flights operating out of Delhi, the company said.

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Business Updates

Houthi threat notwithstanding, it’s smooth sailing for Russian oil through Red Sea

December 28, 2022By businessreputationdata

According to the United States (US) Energy Information Administration (EIA), southbound shipments through the Suez Canal rose significantly between 2021 and 2023, largely because of Western sanctions on Russia’s oil exports.

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Business Updates

Banks to start reporting on new CIMS: RBI Governor

December 27, 2022By businessreputationdata

The performance of the crude oil & natural gas and electricity segments were dismal, with all reporting contraction on the Y-o-Y basis.

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Business Updates

Apple, Google should share apps’ origin, developers’ identity with Centre: House panel

December 27, 2022By businessreputationdata

The Standing Committee on Finance pointed out that MoSPI’s response on the seventh economic census “falls short in providing a proactive approach” to address the delays.

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Business Updates

As Bitcoin ETFs begin trading in US, RBI’s Das says emerging markets can’t afford ‘crypto-mania’

December 27, 2022By businessreputationdata

The RBI chief said that for emerging market economies and advanced economies, travelling down that path of cryptocurrencies will create huge risks.

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Business Updates

Kia unveils updated Seltos; eyes 10 pc market share in PV segment

December 26, 2022By businessreputationdata

The memorandum of understanding was signed within 10 days of the India-US joint statement on co-production and development of technologies.

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