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OPEC+ production reduction creates the opportunity for competition over Asia’s oil demand-thumnail

OPEC+ production reduction creates the opportunity for competition over Asia’s oil demand

OPEC+ has recently surprised the market by announcing a cut in oil production. This move is setting the stage for other oil producers to compete for Asia’s oil demand. Since

Business

Apr 4, 2023

Asian Development Bank forecasts India and China to grow faster in 2023-thumnail

Asian Development Bank forecasts India and China to grow faster in 2023

The Asian Development Bank (ADB) stated in a research release on Tuesday that China’s recovery from the epidemic and strong demand in India will propel strong economic development in Asia

Business

Apr 4, 2023

So far, FII flows in 2023 have been erratic, while DIIs have invested more than $10 billion-thumnail

So far, FII flows in 2023 have been erratic, while DIIs have invested more than $10 billion

Foreign institutional net investments turned positive in March, thanks to GQG Partners’ investment in Adani Group companies. For the third month in a row, foreign institutional investors have been selling

Business

Apr 4, 2023

Oil equities exhibit varied responses to OPEC+ output reduction; HPCL and BPCL are down 4-5%-thumnail

Oil equities exhibit varied responses to OPEC+ output reduction; HPCL and BPCL are down 4-5%

Oil stockpiles are under the spotlight after many OPEC+ nations, headed by Saudi Arabia, pledged voluntary cutbacks from May 2023 through end-2023 of about 1.1mb/d.  The oil market is projected

Business

Apr 3, 2023

Swiggy CTO Dale Vaz resigns, Madhusudhan Rao to succeed over-thumnail

Swiggy CTO Dale Vaz resigns, Madhusudhan Rao to succeed over

Swiggy CTO Dale Vaz resigns and so the company has appointed Madhusudhan Rao, presently the senior vice president of ConsumerTech and FinTech (Engg and Product), as the new CTO. Swiggy

Business

Apr 3, 2023

Acuite Ratings & Research revises India’s external deficit forecasts-thumnail

Acuite Ratings & Research revises India’s external deficit forecasts

Acuite Ratings & Research, a credit rating agency, has revised its forecast for India’s current account deficit and balance of payments deficit. The agency predicts that India’s current account deficit

Finance

Apr 3, 2023

Mumbai’s DMI Finance raises $400 Mn in the latest round led by Mitsubishi group-thumnail

Mumbai’s DMI Finance raises $400 Mn in the latest round led by Mitsubishi group

Founded in 2008 by Shivashish Chatterjee and Yuvraja C Singh, DMI Finance is a pure-play digital lender with products including consumption, personal, and MSME loans. DMI Finance sources and services

Business

Apr 3, 2023

IPL weekend video views clocked over 147 crores on JioCinema: Viacom18-thumnail

IPL weekend video views clocked over 147 crores on JioCinema: Viacom18

Viacom18-owned The IPL 2023 official streamer, JioCinema, had a record-breaking opening weekend, racking up 147 crore video views over the course of three days. According to the site, this is

IPL

Apr 3, 2023

SpiceJet separates its cargo and logistics businesses-thumnail

SpiceJet separates its cargo and logistics businesses

On Monday, SpiceJet Ltd announced that, as of April 1, it has divided its SpiceXpress cargo and logistics operations into a distinct company called SpiceXpress and Logistics Pvt Ltd. SpiceJet

Business

Apr 3, 2023

Manufacturing activity in India reaches a three-month high, despite job cuts-thumnail

Manufacturing activity in India reaches a three-month high, despite job cuts

According to a private business poll, although employers cut positions for the first time in more than a year, India’s manufacturing sector expanded at its fastest rate in three months

Business

Apr 3, 2023

After price cuts, Tesla posts record quarterly deliveries, up 4% from the previous quarter-thumnail

After price cuts, Tesla posts record quarterly deliveries, up 4% from the previous quarter

Tesla Inc. reported record quarterly vehicle deliveries on Sunday, but despite price reductions brought on by increased competition and a gloomy economic outlook, quarter-over-quarter sales growth was modest. Tesla increased

Business

Apr 3, 2023

Nestle to Tata, big FMCG firms race to acquire the maker of Ching’s Secret-thumnail

Nestle to Tata, big FMCG firms race to acquire the maker of Ching’s Secret

Capital Foods, the maker of Ching’s Secret spicy noodles and fusion chutneys, is up for sale, and several Indian and global companies are vying to acquire it. Nestle to Tata,

Business

Apr 3, 2023


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