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SenseHawk helps accelerate solar projects from planning to production by helping companies streamline processes and use automation. It provides a solar digital platform to manage the end-to-end solar asset lifecycle. The turnover of SenseHawk for FY 2022, FY 2021 and FY 2020 was $2,326,369, $1,165,926, and $1,292,063 respectively, RIL informed in an exchange filing.
According to a person close to the development, Reliance is at an "advanced stage" of negotiations with all three companies. Acquiring more brands in the FMCG space is in line with the company's strategy, the person said. In all three cases, Reliance is currently negotiating deal terms.
US deputy treasury secretary Wally Adeyemo, who was in India late last month, said the Biden administration has invited India to join the Russia oil price cap coalition to reduce Moscow's earnings from crude.
“Most successful traders do well in a phase but when the phase changes, all the rules go haywire and they are unable to recover and stand. But Rakesh Jhunjhunwala was able to do it cycle after cycle, for 30 years. The discipline with which he managed his positions was phenomenal."
Set up in 1969 by Sami Khatib as Medley Laboratories, the Mumbai-based privately held company, now called Medley Pharmaceuticals, ranks among the top 40 pharmaceutical companies in India, as per research firm ORG IMS.
India is projected to become an ageing society by 2047 with an estimated 140 million people above the age of 60 years. This is expected to put immense pressure on the pension funds in the country.
According to the police, the Pandoles were returning from the Udvada Parsi fire temple in Valsad in Gujarat and Mistry decided to join the Pandoles while returning to Mumbai. The vehicle which belongs to the Pandoles was being driven by Anahita. The accident took place at around 3.15 pm.
The private lender has 12 million pre-approved loan customers across products. It has set up an infrastructure base across 650 districts in India to disburse unsecured loans.
While a group of investors sought the bank's restructuring to boost returns, Quinn believes recent rising incomes prove the lender's current structure is adequate to help achieve the desired results.
The Indian economy has higher capital buffers and greater liquidity and as such, the risk from the negative feedback between the economy and financial system are receding, as per rating agency Moody's. It has forecast India's real GDP to grow at 7.6% in FY23 and 6.3% in FY24.
Rick and Morty is a famous adult cartoon available right now. The cartoon series has had 5 amazing seasons so far and has left us with a few unsolved mysteries heading into season 6. On September 4, a new episode will be released.
This is a company which is actually not having any meaningful business at this point of time and because of the major holding by Tata Sons the floating stock in the market is less. Now we are hearing a lot of buzz around the 5G rollout and companies which have some sort of potential to benefit from it, Motilal Oswal’s equity strategist Hemang Jani said.
Banks want the regulator and the government to give a clear guidance that would shield them from any action by the US authorities. However, having laid down the rules on a rupee-denominated trade amid US sanctions on Russian financial institutions, the central bank and New Delhi think the banks should take the plunge.
The new permit will allow foreigners earning a minimum S$30,000 per month to secure a five-year work pass, with a provision to allow their dependents to seek employment​. ​​Exceptional individuals in sports, arts, science and academia who don’t meet the salary criteria are also eligible.
This will become a common remittance platform in collaboration with Singapore’s PayNow funds transfer service and make the process real time, instead of the more than one day it takes now to complete international transfers.
Retail inflation peaked in April and has softened since then with the latest print showing a rise of 6.7% for July. Estimates show that inflation may have picked up slightly in August. Shaktikanta Das said inflation will moderate in second-half of this fiscal.
“I believe there is a renaissance coming in India’s manufacturing sector. We have become back office to the world and in certain select manufacturing sectors like automobiles and generic pharma, we are globally competitive. We believe now this is likely to get extended into many other sectors. The primary driver will be growth in the domestic market.”
His surging fortune is due in part to the jump in oil and natural gas prices, which has lifted the MSCI World/Energy Index to a 36% total return in 2022, compared with an 18. 4% loss for the broader gauge of global stocks.
"I continue to remain a structural bull on all internet companies. India’s internet penetration is at pretty low levels and our internet economy is at a very nascent stage. I firmly believe that over the next 10 years, the internet economy will be the fastest growing segment of the overall economy.The next 10 years in India is all about digitisation and internet."
Long the front-runner in the race to replace Boris Johnson, Liz Truss, has become the Conservatives' fourth Prime Minister since 2015 election. Over that period the country has been buffeted from crisis to crisis, and now faces what is forecast to be a long recession triggered by sky-rocketing inflation which hit 10.1% in July.
The group had a gross debt of Rs 1.88 lakh cr in March 2022 and net debt of Rs 1.61 lakh crore after considering the cash balance. While loans from public sector banks in 2015-16 accounted for 55 per cent of all debt of the group firms, in 2021-22, borrowing from PSBs made up for 21 per cent of all debt, it said.
In October 2016, Mistry was ousted as chairman by board of Tata Sons, which met and voted against his continuance. Mistry took Tata Sons to court over the move, accusing the holding company of financial wrongdoing and corporate governance violations, including at AirAsia India, a Tata-owned airline that was founded in partnership with Malaysia’s AirAsia Bhd.
E-pharmacy is third unicorn for Tata Digital; Co may kick-off another round next year
The firm's 13th global leader added that it will not only be India's decade, but India's century, with all key elements in place - a large working population, multinational companies reimagining global supply chains, and a country leapfrogging at digital scale-to achieve something special not just for the Indian economy, but potentially for the world.
At a time when India's largest public sector lender SBI or State Bank of India doesn't offer an interest rate of more than 5.65 per cent and the PPF rate is at 7.1 per cent, the lure towards dividend stocks increases. Unlike debt instruments, the dividend yield is not guaranteed and any fluctuation in the stock price can also affect your overall returns.Here are 10 high-dividend-yield stocks that paid dividends of at least 8 per cent in FY22 according to a recent By Motilal Oswal:
“The biggest risk at the end of the day is currency devaluation because the way governments have been printing money means that their currencies will be devalued and that can lead to a very high inflation and general breakdown of the economy. At the end of the day that is what we are looking at as the biggest risk.”
"If the current account deficit indeed rises to $140 billion, the overall BOP (balance of payment) deficit could be as large as $80 billion for FY23, as we are forecasting a capital account surplus of about $60 billion," said Kaushik Das, chief economist, India and South Asia, Deutsche Bank.
Data show consumers are shifting back to credit card spending from debit cards as part of the post-Covid revival trend. While monthly credit card spends jumped 54% in July over the same period a year ago, debit card spends have risen by just 6%.
Fundamentally, regional banks are strong liability franchises in their micro markets, and in Kotak's case we have highlighted it would need to increase liability mobilisation with its strong growth ambitions, and hence a merger would be positive, the brokerage firm said.
After the torrential downpour of the past week, boats were sent out to the area to rescue Bengaluru's elite; the society reportedly also houses Big Basket co-founder Abhinay Choudhari and Page Industries (Jockey) MD Ashok Genomal. Reports suggest property prices in the exclusive community start from Rs 10 crore and rise up to Rs 30 crore, making it some of the most expensive real estate in the country.
“Nifty has not fully broken out but it is on the verge of doing that. The fact that Bank Nifty and the midcap index have done it and in fact the midcap index sort of respected that on the decline and bounced back again makes the odds and probabilities very high that the Nifty index will also break out of that trend line resistance soon.”
It appears that the month-and-a-half-long romance may have come to an end.
More than a week ago, CreditSights said in a report that group entities, currently expanding, were "deeply overleveraged". The group's net debt was ₹1.6 lakh crore by the end of the June quarter this fiscal year, compared with ₹50,200 crore of run-rate Ebitda.
Following the Russian invasion of Ukraine in February this year, Moscow shut off gas shipments to Europe, raised prices, and posed a risk of recession and energy shortages as winter is approaching.
Vinod Bahety, who’s been helming Adani Enterprises Ltd.’s M&A activity, will move to a new business vertical and a formal announcement could come as soon as this month, the people said. Adani Group has reached out to potential candidates for the job as the ports-to-power conglomerate is looking to expedite its dealmaking, said the people, who asked not to be identified as the information is private.
IT stocks, which have been under pressure on demand slowdown and margin impact related worries, were also on the buy list of FIIs as they invested Rs 397 crore in August against sell-off of Rs 4,665 crore in July.
The bad news is that it's only halfway there, according to 12 experts close to Tesla or familiar with its new technology. That's because the dry-coating technique used to produce the bigger cells in Tesla's 4680 battery is so new and unproven the company is having trouble scaling up manufacturing to the point where the big cost savings kick in, the experts told Reuters.
It is expected that this decision will speed up the sale of the Centre's stake in Container Corporation of India. Wednesday's development is believed to be in line with NITI Aayog's recommendation to keep the railway land leasing fee for containers below 3%.
Onam is a harvest festival celebrated in Kerala, India. Banks in India are closed based on location because festivals vary by state. Every year, the RBI compiles a list of holidays and their associated dates.
The Delhi-based lender has crossed ₹8 lakh crore in global advances showing a 10% year-on-year growth with retail loan portfolio rising by 11% and personal loan rising by 25%.
According to the police, the Pandoles were returning from the Udvada Parsi fire temple in Valsad in Gujarat and Mistry decided to join the Pandoles while returning to Mumbai. The vehicle which belongs to the Pandoles was being driven by Anahita. The accident took place at around 3.15 pm.
Long the front-runner in the race to replace Boris Johnson, Liz Truss, has become the Conservatives' fourth Prime Minister since 2015 election. Over that period the country has been buffeted from crisis to crisis, and now faces what is forecast to be a long recession triggered by sky-rocketing inflation which hit 10.1% in July.
"In that sense inflation is not red-lettered. I hope it doesn't surprise many of you. We have shown that in the past couple of months that we were able to bring it to a manageable level," she said, while talking at the US-India Business Council’s India Ideas Summit. According to the finance minister, the two objectives have been set as priorities in order to increase India’s pace of development.
US deputy treasury secretary Wally Adeyemo, who was in India late last month, said the Biden administration has invited India to join the Russia oil price cap coalition to reduce Moscow's earnings from crude.
Banks want the regulator and the government to give a clear guidance that would shield them from any action by the US authorities. However, having laid down the rules on a rupee-denominated trade amid US sanctions on Russian financial institutions, the central bank and New Delhi think the banks should take the plunge.
"The accident of Cyrus Mistry is very unfortunate and he was a very good friend of mine. It is a great shock to the country. The problem is that every year we have 5 lakh accidents and one lakh deaths in the country," Gadkari said while speaking at the IAA's Global Summit in the national capital.
The group had a gross debt of Rs 1.88 lakh cr in March 2022 and net debt of Rs 1.61 lakh crore after considering the cash balance. While loans from public sector banks in 2015-16 accounted for 55 per cent of all debt of the group firms, in 2021-22, borrowing from PSBs made up for 21 per cent of all debt, it said.
"If the current account deficit indeed rises to $140 billion, the overall BOP (balance of payment) deficit could be as large as $80 billion for FY23, as we are forecasting a capital account surplus of about $60 billion," said Kaushik Das, chief economist, India and South Asia, Deutsche Bank.
In this land of countless 'tirthatans' (spiritual journeys) in search of eternal bliss and salvation, many politicians - especially when powered by ambitions and opportunities or stranded at the cross-roads of failures and confusion - have fallen back on padyatras, invented and iconised by Mahatma Gandhi against the British.
India is projected to become an ageing society by 2047 with an estimated 140 million people above the age of 60 years. This is expected to put immense pressure on the pension funds in the country.
His surging fortune is due in part to the jump in oil and natural gas prices, which has lifted the MSCI World/Energy Index to a 36% total return in 2022, compared with an 18. 4% loss for the broader gauge of global stocks.
US benchmark West Texas Intermediate sank below $85 while the global Brent benchmark fell below $90. A dollar gauge reached an all-time high on Wednesday, offering a macro headwind at a time when the oil market is grappling with potential slowing demand in China.
"The fact of the matter is that companies run by the government are not efficient. They don't have productivity. They don't generate profit. They don't generate resources. They don't grow. They need government support all the time to grow," he added.
T​he minister said it is unfair to call windfall tax as ad hoc, because the tax rate and its resetting are done in complete consultations with the industry. "The very idea was implemented after taking the industry into full confidence," PTI quoted Sitharaman as saying at a function organized by Elara Capital.
India’s growth potential amid increasing strengths has made foreign investors turn to Asia's third largest economy as a key investment destination while other major economies such as the US and China continue to face several risks. Experts opined that it is going to India's century and just not a decade and it is the future factory for the world.
"Many thanks to Nitish ji for visiting my house. Many serious issues of the country including education, health, Operation Lotus, openly buying MLAs by these people and bringing down the governments elected by the people, increasing autocratic corruption of BJP governments, inflation, unemployment were discussed", Kejriwal said in a tweet.
The minister said that the government will release an official notification in the coming three days detailing the penalty that will be levied on the passenger for not wearing a sea tbelt. "Earlier, there was a penalty for not wearing seat belt for the driver and co-passenger only, but we have updated the law to include rear seat passengers as well," Gadkari said while speaking at an event.
Mistry, who was 54, died on Sunday during a trip between Ahmedabad and Mumbai after the car he was in hit a divider on a bridge. Images circulating on social media showed skid-marks of a Mercedes veering off the road just next to a pothole. Airbags in the rear didn’t inflate.
The BJP often uses the "tukde-tukde gang" remark coined in the aftermath of a JNU protest in Delhi in 2016. "We are organising the 'Bharat Jodo Yatra' (beginning Wednesday from Kanyakumari), against this divisive policy intending to bind the country," said Nayak, the media in charge of Congress for the Yatra in MP. She alleged the Modi government has miserably failed to check the ballooning price rise and massive unemployment.
The team is understood to have concluded that the safety features deployed on the vehicle that was involved in the crash did their job, something seen due to the deployment of the relevant airbags when the accident occurred
The decision Monday by energy ministers means the cut for October rolls back the mostly symbolic increase of the same amount in September. The move follows a statement last month from Saudi Arabia's energy minister that the group could reduce output at any time.
In Bihar, Congress is part of the new ruling ‘Mahagathbandhan', which also includes the JD(U), RJD and HAM. Left parties, including the CPI, CPM and CPI (ML) are supporting the government from the outside.
To keep a gauge if a doctor is prescribing drugs manufactured by particular pharmaceutical companies, medical representatives collect weekly data from all pharmacies around a doctor’s chamber. The data shows if the drug’s stock has been moving or not. If the sales slow down, that is an alarm for the MRs to visit the doctor again, negotiate and offer gifts.
Now the 'made-in-India' toys have a very clear edge in the domestic markets and the manufacturers are scaling up their production capacity to meet the growing local as well as international demand. The import of toys into India has declined sharply from USD 304 million in 2018-19 to USD 36 million in 2021-22, said a data from the Ministry of Commerce & Industry.
While a group of investors sought the bank's restructuring to boost returns, Quinn believes recent rising incomes prove the lender's current structure is adequate to help achieve the desired results.
Bihar Chief Minister Nitish Kumar on Tuesday said he is neither a claimant for the prime minister's post nor desirous of it, his assertion coming amid speculation that his visit to the capital is to claim leadership of the opposition parties.
Pakistan has always declined to accept the bodies of their nationals involved in terror acts in Jammu and Kashmir, the official said. Hussain, a trained LeT guide and Pakistani Army agent, attempted to infiltrate into this side in Nowshera sector of Rajouri on August 21 when he was shot at and critically injured by the Indian troops. He was later shifted to military hospital Rajouri where he underwent a surgery during which the soldiers donated three units of blood to save his life. However, he suffered a fatal cardiac arrest on September 3.
“The more we hold on in the face of significant global headwinds, the riskier the market gets. People think that resilience makes the market safer but it is actually the opposite
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