While farmers stand to gain from exports amid a bumper harvest, food security campaigners urge caution Russia and Ukraine account for about 25% of the world’s wheat exports. However, Russia’s invasion of Ukraine and the subsequent Western sanctions against Moscow have curtailed their wheat supplies drastically. As a result, many countries which were sourcing wheat … Read more
Tech giant Microsoft has launched its ‘Microsoft for Startups Founders Hub’ in India. The aim is to empower startups’ vision and fuel innovation to drive economic and societal progress for India and beyond. Microsoft for Startups Founders Hub is a new digital inclusive platform for startup founders in India. The platform offers over $300,000 worth … Read more
Shaoorji Pallonji and Co has repayed Rs 12,450 Cr to all its lenders to achieve an early OTR exit according to an official press statement from the company. “SPCPL on 31st March repaid all its lenders Rs 12,450 Cr to achieve an early exit from the COVID One-Time-Resolution (OTR) plan” the statement said. SPCPL’s OTR … Read more
Cumulative FPI outflows touched record $14.6 bn, of which March alone saw them taking out $5.4 bn After the record $23 billion of additional investments in domestic equities in FY21, foreign funds have massively slashed their fresh exposure to the country to $3.7 billion in FY22, also pairing down their holdings in the NSE 500 … Read more
In a bonanza for gas producers, Reliance Industries is set to get a record price of around $10 per MMBtu for the KG gas, while state-owned ONGC is likely to fetch more than double the rate for its Mumbai High and other fields, sources said. The government-dictated price for natural gas produced in the country … Read more
Veteran banker Aditya Puri on Tuesday raised questions about Paytm’s business model, saying the recently listed financial services company has earned customers not by rendering services but by way of cashbacks. Puri, who led HDFC Bank from inception and made it into the largest in the private sector space by the time he retired … Read more
The Securities and Exchange Board of India (Sebi) on Monday provided a 3-day window to investors in Ruchi Soya’s follow-on public offer (FPO) to withdraw their bids. The option is available to all investors or bidders, except for anchor book participants. Sebi’s order comes following the circulation of unsolicited SMS advertising the company’s FPO. The … Read more
Elon Musk said he is confident society will solve “the climate issue,” it’s just a question of when. He predicted that solar power “will be the main long-term way that civilization is powered.” But until that transition is made, he said countries need to maintain nuclear energy. Something is loading. Elon Musk is optimistic about … Read more
Canada’s Brookfield Asset Management is looking to invest in new real estate asset classes in India including rental housing and serviced apartments, and also expand its office and hospitality portfolio, a top executive said. Brookfield owns 47 million sq. ft of office space across six cities in the country, and The Leela Hotels and Palaces … Read more