Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters David Randall Publishing date: May 20, 2022 • 10 minutes ago • 4 minute read • Join the conversation Article content NEW YORK — The Federal Reserve’s determination to raise interest rates until it squashes the highest inflation in decades is darkening the outlook […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Natalia Zinets and Tom Balmforth Publishing date: May 20, 2022 • 13 minutes ago • 4 minute read • Join the conversation Article content KYIV — The last Ukrainian forces holed up in Mariupol’s smashed Azovstal steelworks surrendered on Friday, Russia’s defense ministry said, ending the […]
Article content TORONTO, May 20, 2022 (GLOBE NEWSWIRE) — Skylight Health Group Inc. (NASDAQ: SLHG: SLHGP; TSXV: SLHG) (“Skylight Health” or the “Company”), a multi-state primary care management group in the United States, announced that its Board of Directors has authorized, and the Company has declared, a dividend on its 9.25% Series A Cumulative Redeemable […]
By N Chandra Mohan There is again a buzz surrounding the provision of a universal basic income (UBI) recommended by a report on the state of inequality commissioned by the Economic Advisory Council to the Prime Minister (EAC-PM). Introducing a UBI was one suggestion to reduce the widening income gaps towards a more equal distribution […]
Granting an interim relief to Srei founder Hemant Kanoria, the Delhi High Court has restrained private sector lender Karnataka Bank, which has reported frauds in the credit facilities extended to Srei Equipment Finance and investment made in debentures issued by Srei Infrastructure Finance, from taking any further steps or actions on the basis of declaring […]
Energy and environment solutions provider, Thermax Group on Friday reported a 4% year-on-year drop in consolidated net profit to Rs 103 crore for the March quarter. The company’s consolidated revenues were up 26% y-o-y to Rs 1,992 crore. The company attributed lower profitability to increased commodity and freight costs during the quarter. Thermax reported a […]
Finolex Industries expects PVC prices to soften with China dumping surplus PVC (Polyvinyl Chloride) in the Indian market. Finolex Industries is India’s largest and only backward integrated PVC pipes and fittings manufacturer. Sanjay S Math, MD, Finolex Industries, said at an investor call that PVC prices had after touching an all-time high of $1,900 per […]
Gross foreign direct investment (FDI) inflows in FY22 hit a record $83.6 billion, but the year-on-year rise slowed down to just 2% from 10% in the previous year, mainly due to an unfavourable base. Gross FDI includes FDI equity, reinvested earnings, equity capital of unincorporated bodies and other capital. Importantly, FDI (equity) inflows into manufacturing […]