The Jan Vishwas (Amendment of Provisions) Bill, 2023 was passed by Rajya Sabha by a voice vote. (Photo: PTI) Parliament on Wednesday passed a bill which seeks to promote ease of business by decriminalising minor offences through amendments in 183 provisions of 42 Acts. The Jan Vishwas (Amendment of Provisions) Bill, 2023 was… Continue reading Parliament passes Jan Vishwas Bill to promote ease of doing business
Tag: business
Reliance Retail’s valuation now nearly twice that of RIL’s O2C business
Reliance Industries’ retail arm, Reliance Retail, is now valued at nearly twice the amount of its decades-old and lucrative oil-to-chemical (O2C) division. Bernstein’s latest report on the conglomerate reveals an estimated valuation of $112 billion for its retail business, dwarfing the $57 billion valuation of its O2C division. In addition, the research firm… Continue reading Reliance Retail’s valuation now nearly twice that of RIL’s O2C business
Wheels India pegs domestic wheel business to pick-up post monsoon
Wheels India, manufacturer of wheels for trucks, tractors, passenger vehicles and construction equipment, expects the domestic wheel business to pick up during the second half of the year, according to a top official. The city-based company had registered a 24.2 per cent rise in its net profit for the April-June 2023 quarter at… Continue reading Wheels India pegs domestic wheel business to pick-up post monsoon
Franklin AMC appoints new debt head, explores alternative business
In an effort to rebuild investor trust, Franklin Templeton Asset Management Company (AMC) has announced a reshuffle of its fixed income investment team. The AMC also plans to venture into the alternatives business, beginning with private credit. Rahul Goswami, previously at the helm of debt investments at ICICI Prudential AMC, has been appointed… Continue reading Franklin AMC appoints new debt head, explores alternative business
Anup Engg at new high on strong business outlook; zooms 152% so far in CY23
Shares of Anup Engineering hit a new high of Rs 2,180, surging 9 per cent on the BSE in Monday’s intra-day trade on strong business outlook. Thus far in the calendar year 2023, the stock of industrial products company has zoomed 152 per cent. In comparison, the S&P BSE Sensex rose 8.5 per cent during… Continue reading Anup Engg at new high on strong business outlook; zooms 152% so far in CY23
Five-Star Business Finance zooms nearly 20% on strong Q1 show
Shares of Five-Star Business Finance almost hit the 20 per cent upper circuit on the BSE in intra-day deals on Monday after the company posted strong Q1 earnings. At 10:00 AM, the stock was trading 7.3 per cent higher at Rs 777 on volume of around 38,000 shares on the BSE as against… Continue reading Five-Star Business Finance zooms nearly 20% on strong Q1 show
BHP expects Indian steelmaking boom to boost its coal business: Report
(Reuters) – BHP Group expects the rampant expansion of India’s steel industry to boost its coal business significantly, the company’s Indian chief commercial officer Vandita Pant told the Financial Times on Monday. Around 40% of BHP’s metallurgical coal, used by steel mills and known as coking coal, is now heading to India, she… Continue reading BHP expects Indian steelmaking boom to boost its coal business: Report
Can Jio disrupt the mutual fund business?
Mukesh Ambani’s newly demerged entity Jio Financial Services, about which hardly anything is known, is widely expected to disrupt the $540 billion Indian mutual fund (MF) business. It has formed a 50:50 joint venture with giant US fund house BlackRock to “transform India’s asset management industry” and “democratise access” to options for Indians by… Continue reading Can Jio disrupt the mutual fund business?
With new business unit, TCS takes different path to genAI strategy
India’s largest IT service player Tata Consultancy Services (TCS), announced a new operating structure, which will be rolled out on August 1. One of the key aspects of this rejig is to bet on the future and in this connection, the IT major is setting up TCS AI.Cloud, a separate business unit. TCS… Continue reading With new business unit, TCS takes different path to genAI strategy