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Financial Express Mumbai

Claims worth ₹19,400 cr admitted for Future Retail

Of the total, about ₹19,404 crore has been admitted, while claims worth ₹2,151 crore have been rejected.

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1 min  |
June 08, 2023
Airfares moderate after Scindia's nudge
Financial Express Mumbai

Airfares moderate after Scindia's nudge

7-15% decline for bookings done a day in advance

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2 mins  |
June 08, 2023
BSNL gets a new lifeline of ₹89,000 crore
Financial Express Mumbai

BSNL gets a new lifeline of ₹89,000 crore

Support to be in the form of 4G, 5G spectrum allotment

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3 mins  |
June 08, 2023
Apple's Vision Pro And The Art Of Upselling A Product
Financial Express Mumbai

Apple's Vision Pro And The Art Of Upselling A Product

APPLE HAS LAUNCHED another product you did not know you needed. But those who can afford it will aspire to purchase it, because it is an Apple device that promises new experiences.

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2 mins  |
June 07, 2023
CBI starts Odisha train crash probe, speaks to rail staff
Financial Express Mumbai

CBI starts Odisha train crash probe, speaks to rail staff

STATEMENTS OF OFFICIALS BEING RECORDED | Causing death by negligence among IPC sections in FIR

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2 mins  |
June 07, 2023
PhonePe comes up with account aggregator services
Financial Express Mumbai

PhonePe comes up with account aggregator services

FINTECH MAJOR PHONEPE has launched its account aggregator services, allowing app users to share their financial data with regulated financial institutions to gain easier access to their products.

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1 min  |
June 07, 2023
India's internet economy to reach $1 trillion by 2030: Report
Financial Express Mumbai

India's internet economy to reach $1 trillion by 2030: Report

INDIA'S INTERNET ECONOMY India's internet economy is expected to reach $1 trillion by 2030 from the current $175 billion, according to a report by Google, Temasek, and Bain & Company.

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1 min  |
June 07, 2023
5G-first key, but 4G phones not off the table, says Samsung's Pullan
Financial Express Mumbai

5G-first key, but 4G phones not off the table, says Samsung's Pullan

AS SAMSUNG ON Tuesday launched the year's tenth 5G smartphone, the company said its 5G-first strategy is key for growth in the country. But it has not ruled out its focus on smartphone portfolio in other technologies like 4G and below ₹10,000 range.

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2 mins  |
June 07, 2023
NBFC unsecured personal loan sanctions reduce 15%
Financial Express Mumbai

NBFC unsecured personal loan sanctions reduce 15%

UNSECURED PERSONAL LOAN sanctions of nonbanking financial companies fell 15% year-on-year in the March quarter, data released by the Finance Industry Development Council and CRIF High Mark showed.

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1 min  |
June 07, 2023
Ukraine war zone villagers flee floods after massive dam destroyed
Financial Express Mumbai

Ukraine war zone villagers flee floods after massive dam destroyed

A TORRENT OF water burst through a massive dam on the Dnipro River that separates Russian and Ukrainian forces in southern Ukraine on Tuesday, flooding a swathe of the war zone and forcing villagers to flee.

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1 min  |
June 07, 2023
New Twitter CEO Linda Yaccarino logs first day in role
Financial Express Mumbai

New Twitter CEO Linda Yaccarino logs first day in role

TWITTER'S NEW CHIEF executive officer Linda Yaccarino has begun her role at the social media company, she tweeted late on Monday, about a month after Elon Musk named her as the new CEO.

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1 min  |
June 07, 2023
Global economy in precarious state as rates rise: World Bank
Financial Express Mumbai

Global economy in precarious state as rates rise: World Bank

HEADING TOWARDS SLOWDOWN | Risks to the outlook remain tilted to downside

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1 min  |
June 07, 2023
Apple unveils $3,500 headset as it wades into VR
Financial Express Mumbai

Apple unveils $3,500 headset as it wades into VR

APPLE ON TUESDAY unveiled a long-rumoured headset that will place its users between the virtual and real world, while also testing the technology trendsetter's ability to popularise new-fangled devices after others failed to capture the public's imagination.

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1 min  |
June 07, 2023
RBI draining cash via VRRR auctions to rein in inflation
Financial Express Mumbai

RBI draining cash via VRRR auctions to rein in inflation

THE RESERVE BANK of India intensified its operations to remove cash from the banking system, showing it wants to keep liquidity tight to rein in inflation.

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1 min  |
June 07, 2023
NSE to move Nifty Bank F&O expiry to Friday from July 14
Financial Express Mumbai

NSE to move Nifty Bank F&O expiry to Friday from July 14

THE NATIONAL STOCK Exchange of India (NSE) on Tuesday said it will shift the futures and options (F&O) expiry of Nifty Bank to Friday from Thursday. The new rule comes into effect from July 14.

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1 min  |
June 07, 2023
IT stocks tumble as Epam cuts guidance
Financial Express Mumbai

IT stocks tumble as Epam cuts guidance

INFORMATION TECHNOLOGY STOCKS lost value on Tuesday after Epam Systems once again cut its revenue guidance for CY2023. The NSE IT Index fell 1.88% while shares of Infosys gave up 1.8%. Shares of TCS yielded 1.6%.

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1 min  |
June 07, 2023
Bajaj Finance to reduce dependence on telemarketing calls: Sanjiv Bajaj
Financial Express Mumbai

Bajaj Finance to reduce dependence on telemarketing calls: Sanjiv Bajaj

'CUSTOMER WILL GET THE RIGHT TO BE FORGOTTEN'

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2 mins  |
June 07, 2023
'We are encouraged by the  performance of IPL on Jio'
Financial Express Mumbai

'We are encouraged by the performance of IPL on Jio'

INTERVIEW: JOSÉ ANTONIO CACHAZA, managing director, LaLiga India

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3 mins  |
June 07, 2023
Honda looks to Elevate its India fortune this festive season
Financial Express Mumbai

Honda looks to Elevate its India fortune this festive season

HONDA CARS INDIA on Tuesday entered the midsize SUV segment by unveiling the Elevate, which will be available for sale during the upcoming festive season when its price will be announced.

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2 mins  |
June 07, 2023
Adani Group Ebitda up 36% in FY23, says no refinancing risk seen
Financial Express Mumbai

Adani Group Ebitda up 36% in FY23, says no refinancing risk seen

THE ADANI GROUP has posted a 36% rise in Ebitda to ₹57,219 crore in FY23, led by an overall growth across all its listed portfolio firms,and it does not see any refinancing risk”. It had recorded an Ebitda of ₹42,023 crore a year ago.

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1 min  |
June 07, 2023
Adani's debt metrics show improvement
Financial Express Mumbai

Adani's debt metrics show improvement

THE ANALYST WHO kicked off scrutiny of Adani Group's finances nearly a year ago by terming the conglomerate \"deeply overleveraged\" has upgraded his view, saying some of the Gautam Adani firms now have better metrics.

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1 min  |
June 07, 2023
Tata Consumer's focus is on India biz for growth
Financial Express Mumbai

Tata Consumer's focus is on India biz for growth

Open to acquisitions, says chairman Chandrasekaran

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2 mins  |
June 07, 2023
Aditya Birla Group enters jewellery biz
Financial Express Mumbai

Aditya Birla Group enters jewellery biz

TO INVEST ₹5,000 CRORE IN NEW VENTURE | Novel Jewels to take on Tata's Tanishq

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1 min  |
June 07, 2023
IOC edges out pvt refiners in Russian oil buys in May
Financial Express Mumbai

IOC edges out pvt refiners in Russian oil buys in May

PUBLIC SECTOR REFINING giant Indian Oil Corporation (IOC) overtook private sector major Reliance Industries (RIL) as the biggest Indian buyer of Russian crude oil in May, the first such instance since the imposition of the West' $60per-barrel price cap on seaborne Russian oil six months ago, as per an analysis of data shared by commodity market analytics and intelligence firm Kpler.

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3 mins  |
June 07, 2023
India's internet economy to reach $1 trillion by 2030, says report
Financial Express Mumbai

India's internet economy to reach $1 trillion by 2030, says report

INDIA'S INTERNET ECONOMY is expected to reach $1 trillion by 2030 from the current $175 billion, according to a report by Google, Temasek, and Bain & Company.

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1 min  |
June 07, 2023
Heatwaves in east may hit kharif sowing
Financial Express Mumbai

Heatwaves in east may hit kharif sowing

Met office wary of cyclone impact on on set of monsoon

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2 mins  |
June 07, 2023
More wheat to be sold in open market
Financial Express Mumbai

More wheat to be sold in open market

SALES TO START IN JULY

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2 mins  |
June 07, 2023
Health benefits of ₹62,200-cr availed under PM-JAY so far
Financial Express Mumbai

Health benefits of ₹62,200-cr availed under PM-JAY so far

OVER 51.5 MILLION BENEFICIARIES across the country have availed of free hospitalisation benefits amounting to a total of ₹62,204 crore till June 6 this year, since the Pradhan Mantri Jan Arogya Yojana (PM-JAY) was rolled out in September 2018.

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1 min  |
June 07, 2023
Germany can do more in the Indo-Pacific: Pistorius
Financial Express Mumbai

Germany can do more in the Indo-Pacific: Pistorius

GERMANY CAN AND ought to do more in the Indo-Pacific in partnership with India in view of the sense of unpredictability surrounding it, German defence minister Boris Pistorius said on Tuesday after holding talks with his Indian counterpart Rajnath Singh.

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2 mins  |
June 07, 2023
Retailers' mall rent set to rise 5-7%; to fall for mutiplexes
Financial Express Mumbai

Retailers' mall rent set to rise 5-7%; to fall for mutiplexes

RETAILERS BODY SAYS TREND MAY CHANGE IN RUN-UP TO THE FESTIVE SEASON

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2 mins  |
June 07, 2023