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Ravi Tiku’s Perspective: Decoding Today’s Headlines

Ravi Tiku’s Perspective: Decoding Today’s Headlines

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Chinese-owned MG Motor India to sell majority stake; invest Rs 5,000 crore by 2028

May 11, 2023
Chinese-owned MG Motor India to sell majority stake; invest Rs 5,000 crore by 2028

Chinese-owned MG Motor India to sell majority stake; invest Rs 5,000 crore by 2028 Amid Indian govt’s restrictions on Chinese investments, MG Motor India lays a 5-year roadmap to ‘Indianise’ business; to set up …

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Categories Finance News Tags Gujarat, Investing, M G Motors

iPhone Maker Foxconn Buys Huge Site In Bengaluru For ₹ 300 Crore

May 10, 2023
iPhone Maker Foxconn Buys Huge Site In Bengaluru For ₹ 300 Crore

Foxconn has manufactured Apple handsets in India since 2019 at its plant in Tamil Nadu. Also known by its official name, Hon Hai Precision Industry, Foxconn is the world’s biggest contract electronics manufacturer and …

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Categories Finance News Tags Apple, Bangaluru, iPhone

Does ONDC offer food cheaper than Zomato, Swiggy? Here’s what we know

May 9, 2023
Does ONDC offer food cheaper than Zomato, Swiggy? Here's what we know

ONDC seems to have cheaper food deals as compared to Zomato, Swiggy Several posts comparing the prices of food orders on ONDC and Swiggy, Zomato have been making rounds on social media in the …

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Categories Finance News Tags ONDC, swiggy, Zomato

‘You can be productive but…’: IBM CEO says work from home can derail promotions

May 8, 2023
'You can be productive but...': IBM CEO says work from home can derail promotions

IBM CEO The CEO also highlighted the fact that remote workers do not have the opportunity to learn skills that are normally acquired in person, such as dealing with difficult clients.  Business Today Desk …

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Categories Finance News Tags CEO, IBM, WFH

Warren Buffett’s Berkshire Hathaway posts $35.5-billion Q1 profit, buys back more stock

May 7, 2023
Warren Buffett's Berkshire Hathaway posts $35.5-billion Q1 profit, buys back more stock

Warren Buffett The company’s income from investments has also bolstered its operating profit, leading to an increase of 13 per cent to $8.07 billion, or about $5,561 per Class A share, compared to $7.16 billion …

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Categories Finance News Tags Berkshire Hathaway, Warren Buffett

CBI searches 7 locations linked to Jet Airways founder Naresh Goyal in alleged bank fraud case

May 6, 2023
CBI searches 7 locations linked to Jet Airways founder Naresh Goyal in alleged bank fraud case

CBI searches 7 locations linked to Jet Airways founder Naresh Goyal in alleged bank fraud case CBI officers said they have lodged a new case of ‘alleged bank fraud’ of Rs 538 crore on a …

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Categories Finance News Tags Fraud, Jet Airways, Naresh goyal

It won’t be a cakewalk for Reliance’s Jio Financial in BFSI space: Here’s why

May 5, 2023
It won't be a cakewalk for Reliance's Jio Financial in BFSI space: Here's why

Like Bajaj Finance, Jio Financial has to come out with an innovative offering to make a difference in the market Like Bajaj Finance, Jio Financial has to come out with an innovative offering to …

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Categories Finance News Tags business model, Jio, Reliance, Reliance Industries

US Fed hikes rates by 25 bps to fight inflation despite banking crisis and recession fears

May 4, 2023
US Fed hikes rates by 25 bps to fight inflation despite banking crisis and recession fears

Fed chair Jerome Powell The Fed is aiming to bring inflation under 2 per cent and for that it has resorted to the fastest rate hikes in history, with nine increases since March 2023. …

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Categories Finance News Tags inflation, US Fed, USA

After Adani and Block, Hindenburg takes on billionaire Carl Icahn

May 3, 2023
After Adani and Block, Hindenburg takes on billionaire Carl Icahn

Shares of Icahn Enterprises fell 5.4 per cent in premarket trading. In its research, Hindenburg showed that the valuation of IEP units was unfairly increased by over 75 per cent and that “IEP trades …

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Categories Finance News Tags Carl Icahn, Hindenburg, IEP, NAV

Higher EPFO pension: Here’s how monthly pension and corpus reallocation from EPF to EPS will be calculated

May 2, 2023
Higher EPFO pension: Here's how monthly pension and corpus reallocation from EPF to EPS will be calculated

Before you decide to opt-in for the higher pension income, it is essential to understand the new pension rules’ details, including corpus re-allocation Teena Jain Kaushal When it comes to personal financial planning, prioritising …

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Categories Finance News Tags EPFO, EPS, Higher pension
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