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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

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

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

$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

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

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

Tata Group To Open 100 Exclusive Apple Stores: Report

December 13, 2022
Apple gadgets

Infiniti Retail is planning to open stores that will only sell Apple Inc products.(File) Tata Group’s Infiniti Retail, which runs the consumer electronics store chain Croma, will be an Apple-authorised reseller and set up …

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Categories Finance News Tags Apple stores, Indian markets, Tata Group

Snapdeal Calls Off IPO Plans As Tech Stocks Reel From Meltdown

December 11, 2022
Snapdeal

It has been a roller-coaster ride in the past few months for new-age tech companies. The stocks of most of these companies have nosedived as recession fears gripped the market Reported by Sreekumaran Nettath, Edited …

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Categories Finance News Tags IPO, Snapdeal

The Tata Group is merging 4 airlines into one. Would it shake India’s aviation sector?

December 10, 2022
Air India

© Provided by Business Today The Tata Group is merging 4 airlines into one. Would it shake India’s aviation sector? It was long in the works. A few weeks after Air India—now owned by …

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Categories Finance News Tags Air India, Tata Group

BharatPe Files Criminal Suit Against Ashneer Grover, Madhuri Jain Over Misuse Of Funds

December 9, 2022
Ashneer Grover

If found guilty, Ashneer Grover could face imprisonment for up to 10 years.(File) During the hearing, senior advocate Mukul Rohatgi, appearing for BharatPe, contended that Ashneer Grover, his wife and other relatives were carrying …

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Categories Finance News Tags Ashneer Grover, Criminal Suit, PhonePe

RBI Hikes Lending Rate To 6.25%, Fifth Hike In A Row

December 8, 2022
RBI

RBI Monetary Policy: RBI hikes repo rate to 6.25% RBI Monetary Policy: The Reserve Bank of India hiked its key lending rate by a more modest 35 basis points to 6.25 per cent, citing …

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Categories Finance News Tags Lending rates, RBI
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