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    1. Business News
    2. Authors
    3. fe bureau

    FE Bureau

    Marsh is a business of leading professional services firm Marsh McLennan in the areas of risk, strategy and people. Marsh India has 18 branches, servicing more than 5,500 corporate clients across all business sectors.
    Marsh raises stake in Indian arm from 49% to 92%

    Formed in 2003 as a joint venture between Marsh International Holdings and India-based Rampart Trust, Marsh India was one of…

    By FE Bureau
    December 24, 2021 03:45 IST
    Major traded items include mineral fuels, pharmaceutical products, organic chemicals and gems & jewellery.
    Trade Talk: Interim trade deal soon ahead of India-Australia FTA

    “The ministers look forward to a balanced trade agreement that encourages benefit to both the economies and their people, and…

    By FE Bureau
    December 24, 2021 03:30 IST
    The company’s board, in June, had also sanctioned the initial approval for setting up India's first-ever "Styrene Monomer Project" at an estimated cost of Rs 4,495 crore in the refinery, which will utilize the ethylene to be produced in the refinery’s upcoming INDMAX Unit.
    IOC announces Rs 9,028 crore Mundra-Panipat crude pipeline project

    The estimated cost of the project is Rs 9,028 crore, which also includes installing nine crude oil storage tanks of…

    By FE Bureau
    December 24, 2021 03:15 IST
    There are practical issues ranging from getting the product right and changing the bank’s policies and mindset on risk management practices, he said.
    Banks, NBFCs need to build co-lending focused products for model to succeed, says Union Bank MD

    Rai said Union Bank of India has entered into three tie-ups for co-lending so far and is looking at two…

    By FE Bureau
    December 24, 2021 02:15 IST
    Insolvency proceedings in AWUKO had commenced recently and CUMI has been selected as the successful bidder in a competitive bidding process for the assets of AWUKO which included land & building, plant & machinery, fixed assets, leased assets, brands & trademarks, patents, technical know-how and other intangible assets but excludes cash and receivables.
    CUMI to acquire assets of Germany’s AWUKO Abrasives

    The asset purchase deal will be subject to the completion of negotiations with the works council in connection with the…

    By FE Bureau
    December 24, 2021 00:45 IST
    Banks need to invest in artificial intelligence (AI) and data analytics for drawing insights on load of unstructured data while also spending on cybersecurity and upgrading skill set of employees.
    Rural credit demand picking up but challenges remain

    Even as the demand for credit remained stable in rural economy, challenges in extending credit in these areas are unique,…

    By FE Bureau
    December 24, 2021 00:15 IST
    winter parliament session
    Winter Session of Parliament concludes: Key economic Bills given a miss

    Upcoming assembly elections in five states, including Uttar Pradesh, seem to have influenced the government’s decision not to proceed with…

    By FE Bureau
    December 23, 2021 08:10 IST
    The company has launched its maiden outlet in Chennai and the brand further plans to set up over 100 outlets across strategic locations in India by 2026.
    CavinKare enters QSR segment, to set up 100 outlets in 5 years

    Betting big on the QSR segment, the Chennai-headquartered CavinKare aims to generate over Rs 150 crore revenue in the next…

    By FE Bureau
    December 23, 2021 07:40 IST
    The company is conducting surveys in Pune and Pimpri Chinchwad for ridership estimation, through UMTC & Data Corp Traffic.
    Furnish bank account details: HC to DMRC in execution plea by DAMEPL

    Justice Suresh Kait gave the directions after DAMEPL counsel Prateek Seksaria argued that the metro rail operator has at least…

    By FE Bureau
    December 23, 2021 07:10 IST
    “In 2022, we expect the interest rates to move up in the country and we can expect two hikes of 25 bps each. The central bank will further change its policy stance to neutral,” said Jaideep Hansraj, MD & CEO, Kotak Securities.
    Kotak Securities sees Sensex at 63,800 in CY22

    However, despite valuations being rich, the strong earnings growth in many stocks and sectors provides investment opportunity to investors, said…

    By FE Bureau
    December 23, 2021 05:45 IST
    holi, bank holidays, RBI
    Banking sector needs $70-billion capital to support $5-trillion economy: SBI chairman Dinesh Kumar Khara

    He said in India, the bank credit to gross domestic product (GDP) ratio is around 56% currently, while the corporate…

    By FE Bureau
    December 23, 2021 05:30 IST
    In a pre-Budget consultation meeting with finance minister Nirmala Sitharaman, some of the economists impressed upon the government not to unduly worry about the fiscal trajectory for FY23 and continue to bolster expenditure.
    Pre-Budget meet: Focus on growth, bold reforms, say economists

    The Budget is expected to announce measures to keep up the pace of growth. Former chief economic advisor KV Subramanian…

    By FE Bureau
    December 23, 2021 04:30 IST
    The announcement has resulted in short-term rates inching up even as the reverse repo rate remains unchanged.
    MPC minutes: Continued policy support needed, says RBI governor Shaktikanta Das

    “The surge of pent-up demand should also normalise by then. Accordingly, elevated levels of inflation will persist till then, whether…

    By FE Bureau
    December 23, 2021 04:15 IST
    Following the closure of the deal, NP Singh will become chairman of Sony Pictures India, a division of SPE. The closing of the transaction is subject to customary closing conditions, including regulatory, shareholder and third-party approvals.
    The big Picture: Zee, Sony seal the deal to become media giant

    Earlier, in November, Goenka had said that the merger of Zee and Sony will form the largest media entertainment player…

    By FE Bureau
    December 23, 2021 04:00 IST
    “Price discovery is also going to be very difficult, but since they (the government) are so much worried about this, we can only request the government to review this decision by March 2022,” he said.
    Prices of agricultural commodities cool after Sebi ban on futures

    Sebi on Monday suspended futures and options trading for one year in chana, mustard seed, crude palm oil, moong, paddy…

    By FE Bureau
    December 23, 2021 03:45 IST
    Prem Saini, founder & CEO, Sales Simplify
    Hard sell: Sales simplified for SMEs, startups

    AI-enabled sales growth platform Sales Simplify bags over 100 users in its first week of operations

    By FE Bureau
    December 23, 2021 03:00 IST
    The two associations have written to the RBI requesting an extension of the December 31 deadline while highlighting the operational challenges associated with the transition.
    Industry bodies seek another six months to implement new card data storage norms

    Alliance of Digital India Foundation (ADIF) is a think-tank for digital start-ups, whose members include Paytm, Matrimony.com, GOQii and MapmyIndia.

    By FE Bureau
    December 23, 2021 02:45 IST
    Some of these products qualify under the public procurement order of the government and will be available on the government e-marketplace (GeM) portal to meet the demands of the government departments and other customers.
    HP begins manufacturing of PC products from Chennai facility

    HP now also manufactures display monitors in India and is better positioned to address the growing demand for display monitors…

    By FE Bureau
    December 23, 2021 00:15 IST
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    Latest News

    Trade setup today, October 15

    How will markets open today? Nikkei up, GIFT Nifty in green, and 6 other cues to watch at this hour

    Gold, equity or real estate: Which asset has grown money the most in 20 years?

    Gold, equity or real estate: Which asset has grown money the most in 20 years?

    Goldman Sachs to Trim Jobs as AI Reshapes Its Future

    Goldman Sachs warns of layoffs amid AI push, memo reveals company working on ‘limited reduction in roles’

    Who is Ashley Tellis? Mumbai-born policy expert arrested in US

    Who is Ashley Tellis? India-origin policy expert arrested in US over secret links with China, hoarding classified documents

    IMF on India GDP growth

    IMF raises India’s FY26 GDP growth forecast, warns markets may be underestimating risks from tariffs and rising debt

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