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Ravi Tiku’s Perspective: Decoding Today’s Headlines

Ravi Tiku’s Perspective: Decoding Today’s Headlines

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Adani Group’s latest power plant in Jharkhand to lower Bangladesh’s electricity prices

April 10, 2023
Adani Group's latest power plant in Jharkhand to lower Bangladesh's electricity prices

The electricity supplied from Godda is expected to significantly improve the power situation in Bangladesh by replacing expensive power generated from liquid fuel Pranav Dixit Adani Power Limited (APL) has announced the commissioning of its …

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Categories Finance News Tags Adani group, bangladesh electricity, jharkhand

Why is Temasek-Manipal Health Enterprises deal ‘premium’?

April 9, 2023
Why is Temasek-Manipal Health Enterprises deal 'premium'?

Manipal Hospitals Temasek has acquired a majority stake in India’s Manipal Health Enterprises at a valuation of Rs 40,000 crore Neetu Chandra Sharma In one of the biggest healthcare deals, Singaporean global investment company …

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Categories Finance News Tags #Manipal Health Enterprises •, #manipal hospitals, #Temasek •

‘Hindenburg’s Adani report seems targeted,’ says Sharad Pawar; Congress responds

April 8, 2023
'Hindenburg's Adani report seems targeted,' says Sharad Pawar; Congress responds

Sharad Pawar also disagreed with Rahul Gandhi’s ‘Adani-Ambani’ style of targeting big business houses ‘An individual industrial group of the country was targeted, that is what it seems. If they have done anything wrong, …

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Categories Finance News Tags #Hindenburg Research •, #NCP, #Sharad Pawar •

TikTok Hit With $16 Million Fine In UK For Misusing Children’s Personal Data

April 7, 2023
TikTok Hit With $16 Million Fine In UK For Misusing Children's Personal Data

TikTok allowed over 1 million children to use its platform in violation of its own rules in 2020 A spokesperson for TikTok told CNN that the company “invest[s] heavily to help keep under 13s …

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Categories Finance News Tags personal data, Tik Tok

Why Apple’s entry into the Indian retail space has dealers worried

April 6, 2023
Why Apple's entry into the Indian retail space has dealers worried

Apple Retail Stores are a unique proposition. These stores are aesthetically designed and are managed directly by Apple. They house the complete Apple product line-up and offer buyers professional guidance as well Apple Retail …

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Categories Finance News Tags Apple, Indian economy, retail market

J&J unit files for second bankruptcy to pursue $8.9 billion talc settlement

April 5, 2023
J&J unit files for second bankruptcy to pursue $8.9 billion talc settlement

J&J said in a statement that about 60,000 talc claimants had agreed to the proposal. The agreement follows a January appeals court ruling invalidating J&J’s controversial “Texas two-step” bankruptcy maneuver, in which it sought …

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Categories Finance News Tags J&J, Johnson & Johnson, Texas two-step

FDIC announces sale process of former Signature Bank loan portfolio

April 4, 2023
FDIC announces sale process of former Signature Bank loan portfolio

The FDIC said on Monday it has retained Newmark & Company Real Estate Inc as an advisor on the sale. The FDIC expects to begin its marketing of the retained loan portfolio of the …

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Categories Finance News Tags Loan, Signature bank

Oil prices surge on output cut, takes gloss off US inflation

April 3, 2023
Oil prices surge on output cut, takes gloss off US inflation

Brent oil futures jumped almost $6 to $85.54 a barrel in hectic early trade on news output would be cut by around 1.16 million barrels per day, while U.S. crude climbed $5.22 to $80.89. …

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Categories Finance News Tags International market, Oil prices, price control, price hikes

GST collection in March grows 13% to Rs 1.60 lakh crore, second highest ever

April 2, 2023
GST collection in March grows 13% to Rs 1.60 lakh crore, second highest ever

This is for the fourth time in the financial year 2022-23 that the gross GST collection crossed Rs 1.5 lakh crore. The gross GST collection for the month of March included CGST of Rs …

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Categories Finance News Tags GST, indian revenues, march collection

Invesco slashes Swiggy’s valuation to $8 bn from $10.7 bn

April 1, 2023
Invesco slashes Swiggy's valuation to $8 bn from $10.7 bn

In FY22, Swiggy’s losses more than doubled to Rs 3,628.9 crore from Rs 1,616.9 crore in FY21 In January 2022, after raising funds from Invesco, Swiggy had become the most-valued Indian startup Rachna Manojkumar …

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Categories Finance News Tags invesco, Stocks, swiggy
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