Poonawalla Fincorp records Rs 492 crore profit in 2021-22 fiscal

Poonawalla Fincorp Limited reported profit of Rs 492 crore in the fiscal of 2021-22. Results of the company, which were declared recently, also talked about growth of 158 per cent in disbursement. The board has recommended a dividend payment of 20 per cent subject to shareholders approval.
#PoonawallaFincorp #BusinessIndustrial #News #BusinessNews


49 minutes ago

100-bp repo hike needed ‘very soon’: MPC member Jayanth Varma

Reserve Bank of India (RBI) Monetary Policy Committee (MPC) Member Jayanth Varma said 100 bps of rate increase needs to be “carried out very soon” The panel had hiked the repo rate by 40 bps to 4.4 per cent to tame rising inflation.
#JayanthVarma #MPC #BusinessIndustrial #ArtsEntertainment #News


an hour ago

‘A scam': Elon Musk fumes asTesla is cut from S&P 500 ESG Index

S&P Dow Jones Indices says it has removed electric carmaker Tesla from the widely followed ESG index. Tesla CEO Elon Musk responded with harsh tweets including that ESG is a scam. The back-and-forth reflects a wider debate about the metrics used to judge corporate performance on environmental, social and governance (ESG) issues.
#ElonMusk #S&P #S&P500ESG #DowJonesIndices #BusinessIndustrial #AutosVehicles #News


an hour ago

Wall Street ends sharply lower as Target and growth stocks sink

Target Corp's first-quarter profit fell by half and warned of a bigger margin hit on rising fuel and freight costs. Its shares fell about 25%, losing about $25 billion in market capitalization, in their worst session since the Black Monday crash on Oct. 19, 1987.
#Target #WallStreet #BusinessIndustrial #News #BusinessNews


4 hours ago

Liquor prices to go up from today in Telangana

Official sources said the government decided to increase beer price by Rs 20 per bottle, quarter bottle alcohol by Rs. 20 and full bottle by Rs 80. Even wine shop owners were kept in the dark on Wednesday. The excise officials will take existing liquor stocks readings in shops to determine how much old stocks are left.
#Telangana #Finance #Investing #BusinessIndustrial


5 hours ago

UK inflation hits 40-year high due to Russia's war in Ukraine

Consumer price inflation accelerated to 9% in the last 12 months through April, up from 7% the previous month. This is the highest rate since 1982 when inflation reached 11%, the firm's statistical analysis has found. UK households have suffered a nearly 54% price hike in gas and electricity bills last month.
#Russia #News #BusinessNews #BusinessIndustrial


10 hours ago

Tata in buyout talks with as many as five consumer brands

Tata Consumer Products wants to go on an acquisition spree to bolster its position in the country’s competitive consumer goods sector. The food and beverage arm of the $103 billion Indian conglomerate is in discussions to buy up to five brands. The firm is “engaging seriously” with a number of companies where it sees decent valuations, CEO Sunil D’Souza says.
#SunilD’Souza #Tata #Indian #BusinessIndustrial #News #BusinessNews


13 hours ago

Apple previews new accessibility features ahead of launch: Here's all you...

Apple is about to conduct the annual WWDC 2022 event next month. Right before the event, the company launched the latest iOS 15.5, along with several accessibility features that will help the differently-abled to use Apple devices in a better manner. The new features include Door Detection and Apple Watch Mirroring among others.
#Apple #WWDC2022 #iOS15.5 #Science #EngineeringTechnology #ComputersElectronics


15 hours ago

S&P cuts FY23 India growth forecast to 7.3% on rising inflation, Russia-Ukraine war

S&P Global Ratings on Wednesday cut India’s growth projection for the current fiscal to 7.3 per cent from 7.8 per cent earlier. India's GDP growth in the 2022-23 fiscal, which began on April 1, 2022, was 7.9 per cent in the last fiscal (2021-22) Indian economy is estimated to have clocked a GDP growth of 8.9% in last fiscal.
#S&P #Indian #India #BusinessIndustrial #News #BusinessNews


17 hours ago

Bharti Airtel Q4 profit zooms to Rs 2008 crore, announces Rs 3 dividend

Bharti Airtel posts more than twofold year-on-year jump in its consolidated net profit for the March quarter to Rs 2,008 crore. CEO Gopal Vittal exudes optimism about opportunities in the coming years. The telco said its Q4 scorecard was backed by strong performance delivery across the portfolio.
#GopalVittal #BhartiAirtel #News #BusinessNews #BusinessIndustrial


19 hours ago

Markets continue to rally; Sensex jumps 345 points in early trade

30-share BSE benchmark was trading 344.71 points higher at 54,663.18. The broader NSE Nifty gained 101.15 points to 16,360.45. Axis Bank, Tech Mahindra, Bajaj Finance, UltraTech Cement, Infosys, Wipro and HDFC Bank were the major gainers.
#Sensex #Finance #Investing #News


20 hours ago

Sensex jumps 345 points in early trade, Nifty above 16,300

30-share BSE benchmark was trading 344.71 points higher at 54,663.18. The broader NSE Nifty gained 101.15 points to 16,360.45. Axis Bank, Tech Mahindra, Bajaj Finance, UltraTech Cement, Infosys, Wipro and HDFC Bank were the major gainers in early deals.
#Sensex #Finance #Investing #News


20 hours ago

Elon Musk’s SpaceX is poised to become the most valuable U.S

Billionaire Elon Musk’s SpaceX is poised to become the most valuable U.S. Startup as its valuation rose to over $125 billion in an ongoing share sale in the secondary market. The shares, which are marketed at about $72, jumped in valuation from last October. No new shares have been issued in secondary offering, but the company indicated to investors that they may do so later this year.
#ElonMusk #SpaceX #Science #EngineeringTechnology #News


20 hours ago

Elon Musk's SpaceX is poised to become the most valuable US startup

Billionaire Elon Musk's SpaceX is poised to become the most valuable U.S. Startup as its valuation rose to over $125 billion in an ongoing share sale in the secondary market. The shares, which are marketed at about $72, jumped in valuation from last October, when SpaceX's shares were sold at $56 apiece after a 10-1 split.
#ElonMusk #SpaceX #Science #EngineeringTechnology #News


23 hours ago

How to tackle the inflation spiral

The World Economic Outlook, published by the IMF in April, expects global growth to be slower than the forecast made in January, with inflation on the rise. The global macroeconomic situation is showing signs of macro instability reflected in increasing debt, deficits and inflation. Inflation today is the inevitable consequence of fiscal and monetary expansion that happened during the pandemic.
#IMF #WorldEconomicOutlook #News #BusinessNews #BusinessIndustrial


23 hours ago

Global headwinds pose challenges, inflation risks more accentuated: RBI

Headline CPI inflation (year-on-year) rose to 7.8% in April from 7.0% in March on account of an acceleration across all major groups. India faces challenges in building from the scars of the pandemic through larger investments in health and productivity of the human capital.
#RBI #India #News #BusinessNews #BusinessIndustrial


Yesterday

Global headwinds pose challenges, inflation risks more accentuated: RBI

Headline CPI inflation (year-on-year) rose to 7.8% in April from 7.0% in March on account of an acceleration across all major groups. India faces challenges in building from the scars of the pandemic through larger investments in health and productivity of the human capital.
#RBI #India #News #BusinessNews #BusinessIndustrial


Yesterday

One in four Britons skips meals, finds report

Two in three Britons are turning off their heating and driving less or changing supermarkets. One in three people say they have missed meals recently because of the surge in inflation. Most Britons expect to see increases in the costs of essentials over the next six months. The Bank of England thinks inflation could exceed 10% this year.
#BankofEngland #Brito #BusinessIndustrial #News #BusinessNews


Yesterday

Jeff Bezos fuels inflation spat with Joe Biden, says White House is...

Amazon founder Jeff Bezos and US President Joe Biden exchanged words again over inflation. Biden recently called on the elite class to pay their taxes in order to lower the rising inflation. Bezos demanded a review of his tweet by the newly created Disinformation Board. The world's third-richest man is worth $136.6 billion.
#JeffBezos #Amazon #WhiteHouse #BusinessIndustrial #News #BusinessNews


Yesterday

Sensex, Nifty rally more than 2.50% each; Rupee plunges to all-time low

The 30-share BSE benchmark zoomed 1,344.63 points or 2.54 per cent to settle at 54,318.47 points. The broader NSE Nifty rallied 417 points to finish at 16,259.30 points. Both Sensex and Nifty logged their best single-day gain since February 15.
#Sensex #BusinessIndustrial #News #BusinessNews


Yesterday