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Financial Express Mumbai

Airbus widens distance with Boeing in India

Air India formally signs deal with Airbus & Boeing

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3 mins  |
June 21, 2023
Financial Express Mumbai

Google searches for India partner to make Pixels

ALPHABET-OWNED GOOGLE is planning to shift a part of its manufacturing of Pixel phones to India from China and is in talks with domestic contract manufacturers like Lava, Dixon Technologies, and Bharat FIH

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1 min  |
June 21, 2023
Financial Express Mumbai

FMCG, retail sales grow in June

SALES OF FAST-MOVING consumer goods (FMCG), durables and retail sectors have seen an uptick in June as inflationary pressures ease and rural markets begin to revive

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2 mins  |
June 21, 2023
The future is here
Financial Express Mumbai

The future is here

Day 1 highlight was India's 57 shortlists in 18 categories

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2 mins  |
June 20, 2023
Bombay HC stays RBI's master circular till Sept 11
Financial Express Mumbai

Bombay HC stays RBI's master circular till Sept 11

THE BOMBAY HIGH Court on Monday stayed till September 11 the Reserve Bank of India (RBI) master circular that had permitted banks to declare any account as a fraud account without giving a hearing.

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1 min  |
June 20, 2023
Canada's immigration policies may boost its labour market, economy
Financial Express Mumbai

Canada's immigration policies may boost its labour market, economy

AT A TIME industrialised countries around the world are confronting declining birth rates and aging workforces, Canada is at the forefront of betting on immigration to stave off economic decline.

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1 min  |
June 20, 2023
Germany, Intel strike deal on $33-bn chip plant
Financial Express Mumbai

Germany, Intel strike deal on $33-bn chip plant

INTEL WILL INVEST more than 30 billion euros ($30 billion) in Germany as part of its expansion push in Europe, the US company said on Monday, a project key to German Chancellor Olaf Scholz's ambitions to create a global chip hub.

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1 min  |
June 20, 2023
Xi Jinping, Blinken agree to stabilise US-China relations
Financial Express Mumbai

Xi Jinping, Blinken agree to stabilise US-China relations

Blinken is the first to visit China since Biden took charge

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2 mins  |
June 20, 2023
Nykaa profitability outlook improves
Financial Express Mumbai

Nykaa profitability outlook improves

Driven by strong customer retention and successful own labels

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1 min  |
June 20, 2023
Shriram Finance shares zoom 7% as TPG exits by selling 2.65% stake
Financial Express Mumbai

Shriram Finance shares zoom 7% as TPG exits by selling 2.65% stake

TPG INDIA INVESTMENTS II Inc sold 9.92 million shares, or a 2.65% stake, in Shriram Finance on Monday at ₹1,401 per share, valuing the transaction at ₹1,390 crore ($170 million) in a block deal on the BSE.

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1 min  |
June 20, 2023
A few stocks drive Nifty rally
Financial Express Mumbai

A few stocks drive Nifty rally

It has taken place on account of FPI flows into select stocks

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2 mins  |
June 20, 2023
Financial Express Mumbai

Wipro working on Generative AI for 2 years

AFTER TCS, TECH Mahindra and HCLTech, Wipro has said it has been working on Generative AI for some time now. In its annual report, it said, \"We have been investing in our Generative AI research program with the University of South Carolina and IIT Patna for over two years to build language models for the health sector.\"

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1 min  |
June 20, 2023
Tata Power earmarks capex of ₹12,000 cr for this fiscal
Financial Express Mumbai

Tata Power earmarks capex of ₹12,000 cr for this fiscal

Plans to take part in privatisation of discoms

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2 mins  |
June 20, 2023
Vedanta lays out $1.7-bn capex plan for FY24
Financial Express Mumbai

Vedanta lays out $1.7-bn capex plan for FY24

OPTIMISTIC OF AN \"exciting journey\" ahead, mining major Vedanta, a subsidiary of London-headquartered Vedanta Resources (VRL), has committed to invest $1.7 billion for capital expenditure in FY24.

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1 min  |
June 20, 2023
Demand slump forces Gujarat dyestuff units to freeze capacity
Financial Express Mumbai

Demand slump forces Gujarat dyestuff units to freeze capacity

A SHARP DROP in demand and higher production costs have forced dyestuff manufacturing units in Gujarat to cut production. The demand crunch is attributed to sluggish domestic consumption of textiles and apparels, and a fall in exports.

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1 min  |
June 20, 2023
Monsoon deficiency drops to 33% from 47% in 3 days
Financial Express Mumbai

Monsoon deficiency drops to 33% from 47% in 3 days

To move into south peninsula & eastern regions in two days

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2 mins  |
June 20, 2023
US to make a fresh pitch for India to join IPEF trade talks
Financial Express Mumbai

US to make a fresh pitch for India to join IPEF trade talks

Data localisation, digital service tax to figure during PM visit

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3 mins  |
June 20, 2023
States told to rejig GST laws by Oct to set up tribunal
Financial Express Mumbai

States told to rejig GST laws by Oct to set up tribunal

THE CENTRE HAS asked state governments to approve changes to their respective Goods and Services Tax laws by October to enable the setting up of GST Appellate Tribunal (GSTAT) with a Principal Bench in Delhi and benches across states by December.

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1 min  |
June 20, 2023
IndiGo seals biggest aircraft purchase
Financial Express Mumbai

IndiGo seals biggest aircraft purchase

500-JET DEAL WITH AIRBUS PEGGED AT $50 BN

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2 mins  |
June 20, 2023
India-US road map: Defence production to get a leg-up
Financial Express Mumbai

India-US road map: Defence production to get a leg-up

GE-HAL deal to be inked during Modi's visit starting today

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2 mins  |
June 20, 2023
Financial Express Mumbai

Baring EQT, ChrysCap pick up HDFC's Credila for ₹11,000 cr

BARING PRIVATE EQUITY Asia EQT and private equity fund ChrysCapital have acquired Credila Financial Services from Housing Development Finance Corporation (HDFC) for ₹9,060.5 crore.

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1 min  |
June 20, 2023
Market momentum set to pick up pace, say experts
Financial Express Mumbai

Market momentum set to pick up pace, say experts

THE SENSEX AND Nifty's closing at an all-time high on Friday could just be the beginning of good times for Indian stock market investors, according to an FE poll of 10 leading market participants.

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2 mins  |
June 20, 2023
Financial Express Mumbai

FM suggests credit outreach camps in deficient districts

FINANCE MINISTER NIRMALA Sitharaman on Monday chaired a consultative committee meeting on financial inclusion and suggested a special outreach camps in credit-deficient districts in each state.

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1 min  |
June 20, 2023
Corporate bonds look attractive now
Financial Express Mumbai

Corporate bonds look attractive now

Four to six years tenure will efficiently capture the current rate cycle

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3 mins  |
June 19, 2023
M&M opts out of below-₹10-lakh electric segment
Financial Express Mumbai

M&M opts out of below-₹10-lakh electric segment

THE PASSENGER ELECTRIC vehicle (EV) market has seen two sub-₹10 lakh launches by as many companies in six months. With prices in the same band as compact sedans and premium hatchbacks, Tata Motors' Tiago EV and MG Motor's Comet are also enticing erstwhile non-EV consumers.

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2 mins  |
June 19, 2023
Emergency a dark period for India, says PM
Financial Express Mumbai

Emergency a dark period for India, says PM

DESCRIBING THE DAYS of Emergency as \"a dark period in the history of India\", Prime Minister Narendra Modi said Sunday that \"supporters of democracy were tortured so much during that time, that even today, it makes the mind tremble\".

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4 mins  |
June 19, 2023
IT companies may lose outsourcing deals amid changing technologies
Financial Express Mumbai

IT companies may lose outsourcing deals amid changing technologies

MACROECONOMIC HEADWINDS ALONG with emerging technologies like Generative AI and Low Code are posing a challenge to the outsourcing business offered by Indian IT companies.

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1 min  |
June 19, 2023
Carbon fiasco: McLeod Russel in a catch-22
Financial Express Mumbai

Carbon fiasco: McLeod Russel in a catch-22

The Kolkata bench of the NCLT on February 10 admitted IL&FS Infrastructure Debt Fund’s insolvency petition for initiating CIRP against the country’s largest tea producer.

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2 mins  |
June 19, 2023
Sebi: Urgent action needed against Chandra, Goenka
Financial Express Mumbai

Sebi: Urgent action needed against Chandra, Goenka

VICTIM OF MISAPPROPRIATION, ZEE WROTE ON JUNE 11

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2 mins  |
June 19, 2023
Startup helps doctors digitise their practice
Financial Express Mumbai

Startup helps doctors digitise their practice

Secures $22 million in Series C funding, targets 25K+ doctors by 2024

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1 min  |
June 19, 2023