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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

Recession Will Hit A Third Of The World In 2023, Warns IMF Chief Kristalina Georgieva

January 3, 2023
IMF Chief

In October last year, the IMF trimmed its growth forecast for 2023. (File) The statement comes at a time when the ongoing conflict in Ukraine shows no signs of abating after more than 10 …

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Categories Finance News Tags IMF-Chief, Recession, Third world

Twitter Sued For Failing To Pay Rent Of San Francisco Office

January 1, 2023
Twitter

Twitter was also sued earlier this month for refusing to pay for two charter flights Twitter hasn’t paid rent on its headquarters, or any of its other global offices, in weeks, the New York …

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Categories Finance News Tags Elon Musk, Office-rent, Twitter

Will Complete Acquisition Of Ford India’s Plant In January: Tata Motors

December 31, 2022
TATA vehicles

Tata will acquire Ford India’s manufacturing plant at Sanand.(File) In August this year, Tata Motors had announced that its arm Tata Passenger Electric Mobility Ltd (TPEML) would acquire Ford India Pvt Ltd’s (FIPL) Sanand …

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Categories Finance News Tags Acquisition, Ford, TATA Motors

Mukesh Ambani Maps Out Targets For Children In Succession Plan

December 30, 2022
Mukesh Ambani

Mukesh Ambani was speaking on the occasion of Reliance Family Day. (File) Mukesh Ambani’s elder son Akash Ambani is being groomed to take over the telecom business, and Isha Ambani for retail. Market NewsPress …

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Categories Finance News Tags Mukesh Ambani, Succession plan

25,000 Flipkart Employees To Benefit From $700 Million Cash Payout: Report

December 29, 2022
Flipcart

Flipkart and PhonePe announced last week that they have completed their separation. (File) “We are pleased to announce that employees, who are holders of Flipkart ESOPs (employee stock option plans), will receive a one-time …

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Categories Finance News Tags Cash Payout, Employees, Flipcart

World Economy Is Headed For A Recession In 2023, Says Researcher

December 27, 2022
world economy depiction

The findings are more pessimistic than the latest forecast from the International Monetary Fund. The global economy surpassed $100 trillion for the first time in 2022 but will stall in 2023 as policy makers …

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Categories Finance News Tags Forecast, IMF, World economy

HDFC Gets $400 Million Loan For Financing Green Housing Units

December 26, 2022
HDFC Bank

HDFC has earmarked 75 per cent or $300 million for financing green housing units.(File) The companies said in separate statements today said this loan will help close the urban housing gap and improve access …

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Categories Finance News Tags HDFC Bank, Loan for Housing

Russia-Ukraine War, Recession Worries May Cast Shadow On India’s Exports In 2023

December 25, 2022
Exports

Healthy growth in services exports would help India’s outbound shipments in 2023, experts said.(File) The World Trade Organization (WTO) has said the world trade is expected to lose momentum in the second half of …

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Categories Finance News Tags exports, Recession, Russia-Ukraine war

Ex-ICICI Bank CEO Chanda Kochhar, Husband Arrested In Loan Fraud Case

December 24, 2022
Chanda Kochhar

ICICI Bank had said Chanda Kochhar had violated its code of conduct and internal policies. Chanda Kochhar, had quit as CEO and managing director of ICICI Bank in four years ago, and denied that …

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Categories Finance News Tags Bank Fraud, Chanda Kochhar, ICICI

Google Links More Of CEO Sundar Pichai’s Pay To Performance

December 23, 2022
Sunder Pichai

The CEO was also given a grant of $84 million in the form of the firm’s restricted stock units.(File) Sundar Pichai, who is given an equity award every three years, was granted two tranches …

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Categories Finance News Tags Google, Sunder Pichai
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