Page 2452 - BS Premium
Europe's plan to quit Russian fuel plunges Pakistan into darkness
In order to avoid blackouts during the Eid holiday last month, the Pakistan government paid nearly $100 million to procure a single LNG shipment from the spot market
 "Europe's plan to quit Russian fuel plunges Pakistan into darkness")
NBFC profitability to remain stable amid 85-105 bps in funding cost: Crisil
Rs 15 trn debt as on March 31 is due for repricing in FY23 owing to interest reset or maturity. Another Rs 3 trn of incremental debt is likely to be raised to support growth in lending
 "NBFC profitability to remain stable amid 85-105 bps in funding cost: Crisil")
Indian Hotels' Taj ranked world's strongest hotel brand by Brand Finance
The 'Hotels 50 2022' annual report by the world's leading brand valuation consultancy recognizes the most valuable and strongest hotel brands across the globe
 "Indian Hotels' Taj ranked world's strongest hotel brand by Brand Finance")
Bank does not foresee asset quality challenges, rumours baseless: RBL Bank
The bank's gross non-performing assets (NPAs) and net NPAs were 4.4% and 1.3%, respectively, at the end of the March quarter, with a provision coverage ratio of 70.4%
 "Bank does not foresee asset quality challenges, rumours baseless: RBL Bank")
Sugar mills foresee output spike, want 8 mn tonne OGL exports next season
Urge timely decision on the matter as global prices are firm , and they can sign future contracts at good prices
 "Sugar mills foresee output spike, want 8 mn tonne OGL exports next season")
Ashok Leyland arm Switch Mobility to raise $300 mn, unveils e-bus platform
Firm currently has orders for over 600 buses, is betting big on govt tenders and sees market for e-buses growing 10x in next 2-3 years
 "Ashok Leyland arm Switch Mobility to raise $300 mn, unveils e-bus platform")
Irdai eases solvency margin requirement for insurers underwriting crop biz
It is estimated that the Insurance Regulatory and Development Authority of India (Irdai)'s move to ease solvency margin will unlock nearly Rs 1400 crore.
 "Irdai eases solvency margin requirement for insurers underwriting crop biz")
LIC increases stake in Capri Global Capital, Hero MotoCorp and HUL
The acquisition of the incremental stake in Capri Global Capital Ltd happened at an average cost of Rs 624.61 and that for Hero MotoCorp Ltd happened at Rs 3,050.14
 "LIC increases stake in Capri Global Capital, Hero MotoCorp and HUL")
5 years of IBC: Debt-ridden RCom awaits court approval to allow UVARCL bid
While the RBI is now planning to allow ARCs to bid for bankrupt companies, RCom's resolution is now stuck in courts
 "5 years of IBC: Debt-ridden RCom awaits court approval to allow UVARCL bid")
Irdai working group recommends relaxing investment norms for insurers
The panel has suggested having a single limit of expenses over and above the monitoring of solvency and enterprise level expense limit
 "Irdai working group recommends relaxing investment norms for insurers")
5 years of IBC: Loans taken for telecom, oil assets sank Videocon
VIL's problems began after it entered the telecommunications (telecom) business and its second generation (2G)-based telecom licences were cancelled by the Supreme Court (SC) in 2012
 "5 years of IBC: Loans taken for telecom, oil assets sank Videocon")
Job at hand: India far behind other nations in public sector employment
India is still far behind the US, China and others in public sector employment
 "Job at hand: India far behind other nations in public sector employment")
Tesla India policy exec quits after company puts entry plan on hold: Report
Manuj Khurana, policy and business development executive at Tesla in India, was hired in March 2021 and played a key role in forming a domestic market-entry plan for the US carmaker in the country
 "Tesla India policy exec quits after company puts entry plan on hold: Report")
India Inc's capital expenditure slows despite jump in net profits
Investment in fixed assets up just 2.3% in FY22 despite 63.5% growth in earnings
 "India Inc's capital expenditure slows despite jump in net profits")
Two hurdles likely as Modi govt sets out on 1 million recruitment plan
There is no agency equipped to handle such a large hiring target and governments don't have a clear picture on the number of people they employ
 "Two hurdles likely as Modi govt sets out on 1 million recruitment plan")
CCI clears Air India's acquisition of AirAsia India stake, helping merger
At present, the Tata group owns and operates four airlines - Air India, Air India Express, AirAsia India, and Vistara. Air India and Vistara operate on both domestic and international routes
 "CCI clears Air India's acquisition of AirAsia India stake, helping merger")
IT, technology lead July-Sept 2022 hiring outlook: ManpowerGroup Survey
Record high hiring outlook of 51% in eight years
 "IT, technology lead July-Sept 2022 hiring outlook: ManpowerGroup Survey")
Air India fined Rs 10L by DGCA for not compensating flyer denied boarding
DGCA's spot checks found that Air India does not have a policy on denied boarding and is not paying any compensation to the passengers
 "Air India fined Rs 10L by DGCA for not compensating flyer denied boarding")
DoT extends 4G, 5G mandatory equipment testing deadline by 1 year
Move comes as a huge reprieve for telcos, gear makers
 "DoT extends 4G, 5G mandatory equipment testing deadline by 1 year")
Millennials hunting for returns drive risk-hungry investing in India
Indian retail investors pouring money into new and lightly controlled assets sets India apart, after the pandemic fueled the rise of retail investors globally
 "Millennials hunting for returns drive risk-hungry investing in India")