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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

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

Nestle eying $1-bn deal for ‘Ching’s Secret’ owner Capital Foods: Report

March 31, 2023
Nestle eying $1-bn deal for ‘Ching’s Secret’ owner Capital Foods: Report

Investors in Capital Foods include General Atlantic, which bought a stake in the company in 2018 Capital Foods makes the ‘Ching’s Secret’ brand of spicy noodles and fusion chutneys and also sells Smith & …

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Categories Finance News Tags capital foods, Ching’s Secret, Nestle

MPW 2022: ‘Don’t put a price tag on public service,’ says minister Smriti Irani

March 30, 2023
<strong>MPW 2022: 'Don’t put a price tag on public service,' says minister Smriti Irani</strong>

‘If you talk about politics from the perspective of a vocation, then you would put a price on public service. The fact that you can serve a country of 1.4 billion people is in …

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Categories Finance News Tags price tag, Public services

Apple launches buy now, pay later service; users can apply for loans up to $1,000

March 29, 2023
<strong>Apple launches buy now, pay later service; users can apply for loans up to $1,000</strong>

Apple will begin inviting select users to access a prerelease version of Apple Pay Later, with plans to offer it to all eligible users in the coming months. Users can apply for loans between …

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Categories Finance News Tags Apple, Apple-14, loans

IPO-bound Mamaearth’s promoters Varun & Ghazal Alagh will continue to hold 97% stake

March 28, 2023
<strong>IPO-bound Mamaearth's promoters Varun & Ghazal Alagh will continue to hold 97% stake</strong>

Mamaearth filed its draft red herring prospectus with the market regulator SEBI in December last year. Citing weak market conditions as the reason, a report by Reuters revealed that Mamaearth has gone into a …

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Categories Finance News Tags gazal alagh, IPO, mamaearth

With Isro’s OneWeb launch, Bharti becomes first major Indian telco to offer terrestrial and satellite broadband services

March 27, 2023
WEB-STORIES on raviticku.com domain

This was the second mission operated by the Indian Space Research Organisation (ISRO) for the OneWeb subsidiary Network Access Associates The mission completes OneWeb’s network of 600 plus satellites for providing global broadband connectivity; …

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Categories Finance News Tags Bharti Enterprises, ISRO, Satellite
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