2023 likely to be a year of India’s arrival on the world stage: RBI
This will be a year for the Indian economy to strengthen its position on the global stage while the rest of the world grapples with an impending recession, war and inflation, the Reserve Bank of India (RBI) said in its report on the state of the economy.
Royalty hike hit to worry Dalal Street even as HUL stays resilient
Under the new terms, the royalty is set to increase 80 basis points (0.8 percentage points) in a staggered way from 2.65% of revenue to 3.45% over a period of three years. Considering the consolidated revenue of 2021-22, an 80 bps increase in royalty on ₹51,400 crore translates to around ₹400 crore. This, compared to […]
Tata Motors back on funding Street, seeks around $600m for EV biz
The move is part of an ambitious strategy by the leader in the electric passenger vehicle market to raise significant funds, both via external and internal sources, to support its growth plans through product innovations, especially of EV platform, top executives close to the development said.
Sebi conducts search, seizure operations in front running case
Based on surveillance inputs and its internal alert system, Sebi initiated examination of suspected front running by persons associated with certain market experts appearing on a business news channel. The modus-operandi of these entities was that they took positions in stocks just before recommendations were made by their associated market experts on the channel.