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Ravi Tiku’s Perspective: Decoding Today’s Headlines

Ravi Tiku’s Perspective: Decoding Today’s Headlines

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Finance News

Top 50 Wilful Defaulters Owe ₹ 92,570 Crore To Banks, Mehul Choksi Tops List

December 21, 2022
Choksi

Top 50 wilful defaulters collectively owed ₹ 92,570 crore to Indian banks The gross non-performing assets (NPAs) of state-owned banks had dropped by over ₹ 3 lakh crore after peaking at ₹ 8.9 lakh crore. Market NewsEdited by Rahul Karunakar Updated: …

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Categories Finance News Tags Defaulters, Indian Banks, Mehul Choksi Leave a comment

Centre To Hold Consultations To Decide On Privatisation Of Banks

December 20, 2022
banks-privitisation

The centre said talks will be held with the regulator to reach a decision.(File) In the Union Budget for the financial year (FY) 2021-22, Union Minister Bhagwat Karad said, the government’s intent to take …

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Categories Finance News Tags Indian Banks, Privatisation Leave a comment

India’s Tech Companies, Routed, Use Surprise Tactics To Arrest Slide

December 19, 2022
Tech companies

The worldwide meltdown in the tech sector triggered the start-ups’ share collapse. Nykaa and Paytm are among a flurry of hot startups that came to the Indian market with much fanfare. Their disastrous performance …

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Categories Finance News Tags disastrous performance, Indian Tech Comanies, Startups Leave a comment

Air India Nears Deal For Massive Order – More Than 200 Boeing Jets: Report

December 18, 2022
Air India

Air India’s deal is part of a sweeping fleet shake-up.(File) The deal is expected to include an unspecified number of Boeing 777X long-range jets, industry sources said. Market NewsReuters Updated: December 17, 2022 3:01 …

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Categories Finance News Tags Air India, Boeing Jets Leave a comment

$200 Billion Textile Industry Faces Hard Times As Inflation Hits Consumer Sentiment

December 17, 2022
Textile factory

Global sales of clothing have been dragged down by high inflation and low consumer sentiment.(File) After bumper sales earlier this year, local textile factories are now cutting production – contributing to a 4.3% contraction …

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Categories Finance News Tags Global sales, Textile Industry Leave a comment

Watch: “We Will Be Lucky If We Get 5% Growth Next Year,” Says Raghuram Rajan

December 16, 2022
Raghuram

Too many of our small companies don’t grow big, Ex-RBI Governor Raghuram Rajan said.(File) “India’s inflation problem is more about commodities inflation problem, vegetables’ inflation problem. That is also going to be negative for …

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Categories Finance News Tags Indian economy, Raghuram Rajan Leave a comment

Mark Zuckerberg and Priscilla Chan Sell San Francisco Home for $31 Million

December 14, 2022
Zuckerberg and his wife

Mark Zuckerberg and Priscilla Chan recently sold a San Francisco home for $31 million, about $21 million more than they paid for it in 2012. Getty Images The deal is the most expensive in …

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Categories Finance News Tags Property, San Francisco, Zuckerberg Leave a comment
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