The wholesale price index (WPI) based inflation for January 2023 fell to 4.73 per cent against 4.95 per cent in December 2022, according to data released by the commerce ministry on Tuesday.
Category: BUSINESS
Retail inflation at 6.5% in January, worrisome, shocker: Economists
In a shocker, consumer price index (CPI) inflation touched 6.5 per cent in January, the Ministry of Statistics & Programme Implementation said on Monday, after being 5.72 per cent in December and 5.88 per cent in November last year, and economists termed it "worrisome".
Sebi 'fully equipped', could set up a panel of experts, Centre to SC on Adani issue
Advocate Vishal Tiwari, one of the petitioners, argued that although organisational structure is there, yet this problem has arisen, there may be some loopholes which could be examined by the expert committee.
Kerala to raise Rs 400 cr for Adani Ports as part of Vizhinjam agreement
As part of the agreement between the Kerala government and Adani Ports, the former will now have to give Rs 400 crore to the latter as the construction of the breakwater at the upcoming Vizhinjam port is going forward.
Adani fights back - and it's helping
The aftershocks of the report rattled the group and its impact was felt by markets as well. The group began its slow and steady fightback, and did many things to restore its image and credibility among various stakeholders.
IIHL says it is batting for higher value for stakeholders in Reliance Capital case
The Hinduja group's IIHL, in its appeal before the National Company Law Appellate Tribunal (NCLAT), has said it is batting for higher valuation for the stakeholders of Reliance Capital.
Disney to lay off 7K employees to cut costs: CEO
"I do not make this decision lightly. I have enormous respect and appreciation for the talent and dedication of our employees worldwide and I am mindful of the personal impact of these changes," said Iger.
Stop media reports on Adani firms unless verified by Sebi, lawyer urges SC
A plea has been moved in the Supreme Court seeking a gag order to prevent media from publishing allegations in connection with the Adani group firms unless market regulator Securities and Exchange Board of India (Sebi) verifies them.
Adani row: Limited risks for Indian banks, no impact on sovereign ratings, says Fitch Ratings
Global credit rating agency Fitch Ratings on Tuesday said that Indian banks' exposure to the Adani group do not present any major risk to the banks' standalone credit profiles.
BYJU's to miss March 2023 deadline for group level profitability, results delayed again
Edtech firm BYJU's will not be able to meet its March 2023 deadline to achieve group-level profitability, as it envisioned in its earnings in October last year, reliable sources said on Monday. On top of it, its results for most of the months for the current fiscal year are delayed again.
Portion of Adani Group's capex is deferrable: Moody's
Moody's also said the adverse developments relating to the Adani Group - rapid decline in market value of the group company's shares- will impact the group's ability to raise capital.
No immediate impact on credit ratings of Adani Group: Fitch Ratings
Global credit rating agency Fitch Ratings on Friday said there is no immediate impact on its ratings of Adani Group entities and their securities following a "short-seller report" alleging malpractices.
BYJU's slashes around 15% roles, mostly in engineering, as phased layoffs on
Edtech major BYJU's has laid off further 15 per cent of its employees from its engineering teams, as the company continues phased layoffs to remain growth-oriented in global economic meltdown.
Adani Enterprises withdraws RHP, cancels agreements with several parties
The Adani Enterprises Ltd -- the flagship company of the Adani Group -- on Thursday said it is withdrawing the Red Herring Prospectus (RHP) filed with the Registrar of Companies (RoC) Gujarat.
Adani Enterprises calls off Rs 20K cr FPO, to return money to investors
Hours after its shares crashed at the bourses, the Adani Group on Wednesday evening decided to call off its Rs 20,000 crore follow-on public offer (FPO), saying that money would be returned to the investors.
Slowing global demand weighing on India's merchandise exports: Eco Survey
The empirical literature documents that global growth exerts a strong statistically and economically significant impact on India's real exports, though the impact has reduced over the years.
Xiaomi's Manu Jain moves on after 9 yrs, prepares for 'beginning of a new journey'
Manu Jain on Monday announced to quit global smartphone brand Xiaomi after serving it for nine years, saying the "end of a journey also marks the beginning of a new one, full of exciting opportunities".
Naked short selling not permitted in Indian markets
Naked short selling is not permitted in the Indian securities market and all investors would be required to mandatorily honour their obligation of delivering the securities at the time of settlement.
SEBI may probe short selling to hammer down Indian markets
According to a SEBI discussion paper, short selling -- the sale of a security that the seller does not own -- is one of the long-standing market practices, which has often been the subject of considerable debate and divergent views in most of the securities markets across the world.
Hindenburg fraud type assertions are devoid of facts: Adani Group
On revenue or balance sheet being artificially inflated or managed -- out nine listed companies in Adani portfolio six are subject to specific sector regulatory review for revenue, costs and capex, Adani Group said.
9 out of 10 individual traders in F&O segment making losses
Nine out of 10 individual traders in the equity F&O segment incurred net losses during both the years FY 2018-19 and FY 2021-22, according to a study by market regulator SEBI.
Google's parent company Alphabet to lay off 12K employees
Joining the Big Tech league of Amazon, Meta and Microsoft, Google's parent company Alphabet is now laying off 12,000 employees, or about 6 per cent of its workforce, globally, the media reported on Friday.
Swiggy lays off 380 employees as food delivery growth slows
The impacted employees will receive a minimum assured payout of 3 months, which will include variable pay/incentives at 100 per cent. The joining bonus and retention bonus paid out will be waived off.
Swiggy likely to lay off up to 10% of employees after performance review
Online food delivery platform Swiggy is likely to lay off up to 10 per cent of its employees, or about 600 workers, after an extensive performance review that was concluded late last year, amid global uncertainties and recession fears.
PhonePe raises $350 mn at $12 billion valuation
Fintech platform PhonePe on Thursday said it has raised $350 million in funding from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion.