Monday, August 8, 2022
Want to cut govt stake in Union Bank to at least 75%: Union Bank MD & CEO

Want to cut govt stake in Union Bank to at least 75%: Union Bank...

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The government holding is about 83 per cent and the Life Insurance Corporation has 7 per cent Topics Union Bank of India | Banking sector | Indian Banks Manojit Saha & Abhijit Lele  Last Updated at July 27, 2022 00:38 IST A Manimekhalai, managing director and chief executive officer, Union Bank of India. A Manimekhalai, managing director and chief
Unilever hikes prices for products due to inflation, expects strong sales

Unilever hikes prices for products due to inflation, expects strong sales

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The challenges of inflation persist and the global macroeconomic outlook is uncertain, but we remain intensely focused on operational excellence and delivery in 2022 and beyond, CEO Alan Jope said. Topics Unilever | Inflation | Consumer goods companies AP  |  London  Last Updated at July 27, 2022 00:09 IST Unilever, the consumer goods giant that owns brands ranging from
‘Best-ever quarter volumetrically’: Coca-Cola on growth in India in Q2

‘Best-ever quarter volumetrically’: Coca-Cola on growth in India in Q2

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In the second quarter, Coca-Cola Company's sparkling soft drinks grew 8 per cent, which was "primarily led by India, Mexico and Brazil", said the Atlanta-headquartered firm Topics Coca Cola | Soft drinks Global soft drinks major Coca-Cola Company on Tuesday said its India business recorded the best-ever volumetrically growth in the second quarter. It reported unit case
REET 2022 answer key to be released soon; check question booklet, details

REET 2022 answer key to be released soon; check question booklet, details

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The Board of Secondary Education, Rajasthan on Tuesday released the Rajasthan Eligibility Examination for Teacher (REET) 2022 question booklet for all shifts and papers. Candidates who appeared for REET 2022 can now download the question booklet from the official website - reetbser2022.in REET 2022 was conducted in offline mode in two shifts on July 23
Biden fights talk of recession as key US economic growth report looms

Biden fights talk of recession as key US economic growth report looms

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Top forecasts such as the Atlanta Federal Reserve's GDP now are predicting that the figure will be negative for the second straight quarter an informal signal that the country is stuck in a downturn. Topics Joe Biden | US economy AP  |  Washington  Last Updated at July 26, 2022 23:58 IST Facing a potentially grim report this
Tesla raises spending plan, discloses new subpoena on Musk’s 2018 tweet

Tesla raises spending plan, discloses new subpoena on Musk’s 2018 tweet

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The company now expects to spend between $6 billion and $8 billion this year and each of the next two years, up from its previous expenditure plan of $5 billion-$7 billion Topics Tesla | Elon Musk Reuters  Last Updated at July 26, 2022 00:16 IST Tesla Inc has increased its capital spending plan by $1 billion, the
HDFC AMC assigns Prashant Jain’s schemes to new fund managers

HDFC AMC assigns Prashant Jain’s schemes to new fund managers

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HDFC Asset Management Company (HDFC AMC) has assigned the three schemes managed by Prashant Jain to new fund managers as the fund house seeks to maintain its recent performance improvement and market share gains even after the exit of its storied fund manager. Jain, who was chief investment officer (CIO) at HDFC AMC, stepped down
Eight PSBs join the account aggregator ecosystem ahead of deadline

Eight PSBs join the account aggregator ecosystem ahead of deadline

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The ecosystem went live in September last year with an aim to democratise credit delivery and bolster the lending ecosystem As many as eight major public sector banks (PSBs), including State Bank of India (SBI), have joined the account aggregator ecosystem in some form or the other as the deadline set out by the finance
SC issues notice to Centre on plea for delimitation exercise in northeast

SC issues notice to Centre on plea for delimitation exercise in northeast

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The Supreme Court on Monday issued notices to the Ministry of Home Affairs, Ministry of Law and Justice, and Chief Election Commissioner on a plea seeking direction to conduct delimitation exercise in four northeastern states. A bench of Justices KM Joseph and Hrishikesh Roy sought a response from the Central Ministries and others on the
Pakistan curbing interbank trade to contain dollar shortage: Report

Pakistan curbing interbank trade to contain dollar shortage: Report

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Pakistan’s central bank is discouraging interbank trading due to a severe shortage of dollars that has pushed the rupee to post its worst weekly drop since 1998, according to people with knowledge of the matter. State Bank of Pakistan asked commercial lenders to manage import-payment requests from their own inflows, such as exporter accruals and