Vodafone Idea (VI) delivered in-line Q4FY22 results with 5.4% q-o-q revenue growth led by a 7.5% spurt in ARPU and 3.4mn erosion in subscriber base (versus 5.8mn decline in Q3FY22). While VI’s operating performance is stable, the fundamental issue of high financial leverage can be addressed only by a significant tariff hike and equity infusion. […]
As insurance regulator Irdai has allowed the general insurance companies to design new and customised products for dwellings, micro and small enterprises for fire and allied perils, this new guideline will provide policyholders more options to select products. And, competition among the insurers on product features is expected to bring innovation to the industry. The […]
Article content Donerail Group is close to reaching a settlement with Turtle Beach Corp that will give the activist investment firm representatives on the U.S. gaming gear company’s board of directors, people familiar with the matter said on Sunday. Donerail, which has beneficial ownership of 7.4% of Turtle Beach’s outstanding shares, has criticized the maker […]
By Nayan Dave Asia’s biggest ship recycling yard situated at Alang on the western coast of Gujarat is witnessing an antithetical situation as ship breakers here have dismantled higher numbers of ships during the year 2021-22, but they could handle nearly 3.5 lakh less tonnage compared to previous year. As per the data of Gujarat […]
Amazon India will create 2 million jobs in the country, enable $20 billion in exports (the double of its earlier target) and digitise 10 million MSMEs by 2025, the company said on Sunday. In the last one year, Amazon helped create over 135,000 jobs across industries such as information technology, e-commerce, logistics, manufacturing, content creation […]
Article content CAIRO — Egypt outlined on Sunday a wide array of state assets that it will offer to private investors, part of a government plan to fully withdraw from certain sectors of the economy as it seeks to attract $40 billion in investment over the next four years. Egyptian Prime Minister Moustafa Madbouly said […]
When buying a motor insurance policy, one must look at a comprehensive policy along with add-on covers such as zero depreciation, engine cover,.vehicle replacement, roadside assistance and towing, etc. These optional add-on covers will cover those elements which are excluded from the policy. Comprehensive cover A comprehensive motor insurance will cover own-damage as well as […]
Article content CAIRO — Any agreements by Egypt’s government to purchase Indian wheat will not be affected by an export ban announced by New Delhi, Egypt’s supply minister said on Sunday. “For India, we are talking with them on the basis of a government agreement. The ban exempts governments including the government of Egypt,” minister […]
Article content India’s Adani Group acquired a controlling stake in Holcim AG’s cement businesses in India in a $10.5 billion deal to become the second biggest cement producer in the country, Adani Group said in a statement on Sunday. Asia’s richest person Gautam Adani’s conglomerate acquired 63.19% of Ambuja Cements Ltd and its subsidiary ACC […]
Article content (Bloomberg) — Olaf Scholz’s Social Democratic Party lost a regional election for the second straight week, suffering a fresh blow amid wavering support for the German chancellor’s Ukraine policy. The Christian Democrats, the main opposition party at the national level, was projected to take 35% of the vote in North Rhine-Westphalia on Sunday, […]