Anil Ambani, once ranked as the sixth richest person globally, faces setbacks as the Supreme Court reverses an Rs 8,000 crore arbitral award in favor of a firm in his group, Reliance Infrastructure. The award, related to a concession agreement…
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Federal Reserve officials expressed concern last month about a potential stall in inflation progress, suggesting a prolonged period of stringent monetary policy might be necessary to control rising prices. Minutes from the March 19-20 meeting indicated uncertainty regarding sustained high…
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During Delaporte’s four years at Wipro, four Wipro former executives went on to become CEOs outside the company, while three became CFOs even as other senior leaders joined smaller and larger firms in top CXO roles.
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IIHL – the Mauritius-based investment company of the mobility-to-chemicals conglomerate that owns IndusInd Bank and Anil Ambani-promoted Reliance Capital, which it bought recently in a bankruptcy resolution – has valued Invesco Asset Management India at Rs 2,100-2,500 crore.
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Asian Development Bank raised India’s GDP growth forecast to 7% for the current fiscal, driven by robust investment and improving consumption demand. Growth moderates in FY2024 and FY2025, with support from monetary and fiscal policies.
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Cupertino-based Apple is looking to increasingly distance itself from China. It also aims to increase local value addition from its Indian suppliers in line with the approach that it has adopted in China.
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