The first quarter of calendar 2023 will see new faces heading four large public-sector banks — Canara Bank, Bank of Baroda, Indian Overseas Bank, and Bank of India.
Posts tagged Rediff
Why Govt Must Worry About Fiscal Deficit (31-12-2022)
In November, the fiscal deficit widened by Rs 2.2 trillion, the highest ever in any month this financial year.
Core sector grows by 5.4% in Nov (30-12-2022)
Production of eight infrastructure sectors increased by 5.4 per cent in November against a 3.2 per cent growth in the same month last year on a better show by coal, fertiliser, steel, cement and electricity segments, according to the official data released on Friday. Crude oil, natural gas and refinery products, however, recorded negative growth in November this year. The production growth of eight key sectors slowed down to 0.9 per cent in October.
Air India unions seeks labour dept’s ‘urgent’ help (30-12-2022)
A joint forum of Air India unions on Friday sought the labour department’s ‘urgent’ intervention and initiation of conciliation proceedings in the matter of their passage policy and service conditions. On December 24, the forum comprising IPG, ACEU, AIEU and AICCA, in its demand notice to Air India managing director and chief executive officer Campbell Wilson, had protested against the changes in their service conditions. Tata Group took control of the then government-led Air India in January this year.
Forex reserves down $691 mn to $562.81 bn (30-12-2022)
India’s forex reserves dropped by $691 million to $562.808 billion as of December 23, making it the second consecutive week of decline in the kitty, according to the RBI data. The overall reserves had dropped by $571 million to $563.50 billion in the previous reporting week, snapping a five-week trend of an increase in the kitty. In October 2021, the country’s foreign exchange reserves reached an all-time high of $645 billion.
Sensex, Nifty pare intra-day gains to end in red (30-12-2022)
From the Sensex pack, ICICI Bank, Bharti Airtel, HDFC, ITC, Nestle, Larsen and Toubro, Asian Paints, Mahindra and Mahindra, Power Grid and IndusInd Bank were the major laggards on Friday. In contrast, Bajaj Finserv, Titan, Bajaj Finance, Tata Steel, Tata Motors, Wipro, Kotak Mahindra Bank, Tech Mahindra, Reliance Industries and State Bank of India were the major winners.
As Gazprom turns off tap, Gail to hunt for LNG (30-12-2022)
So far, GMTS has defaulted on the supply of more than 20 cargoes or shiploads, 13 of which were set to be received in the second quarter (July-September), officials said.
Toy makers face a ‘glocal’ challenge (30-12-2022)
The Chinese dependence is far from over, industry players are also citing a shortage of electronic toys in the country.
Adani takes control of NDTV, buys stake at 17% premium (30-12-2022)
The Adani Group on Friday said it has acquired 27.26 per cent equity stake in NDTV from Prannoy Roy and his wife Radhika Roy — founders of the news broadcaster. “RRPR, an indirect subsidiary of the company and member of the promoter/promoter group of NDTV, has acquired a 27.26 per cent equity stake in NDTV from Prannoy Roy and Radhika Roy by way of inter-se transfer…,” said a regulatory filing from Adani Enterprises. On December 23, Prannoy Roy and Radhika Roy had announced to sell 27.26 per cent out of their remaining 32.26 per cent shareholding in the NDTV to the Adani Group.
Gold may touch Rs 60,000/10 grams in 2023 (30-12-2022)
A yellow glow is likely to stand out amid grey geopolitical clouds in 2023, with gold price projected to touch Rs 60,000 per 10 grams in the Indian market as more investors veer towards safe-haven assets. In a year where volatility was more a norm than an exception, gold prices in the international market oscillated from a peak of $2,070 per ounce in March to a low of $1,616 per ounce in November and is steadily recovering since then, according to market experts. At the beginning of 2022, gold prices were around $1,800 an ounce.