BUSINESS
ECGC targets to get listed by end of FY23
ECGC promotes exports by providing credit insurance services to exporters against non- payment risks by the overseas buyers due to commercial and political reasons. It also provides insurance covers to banks against risks in export credit lending to the exporter borrowers. The ECGC's products support around 30 per cent of India's merchandise exports.
LG Electronics to post solid Q3 earnings on home appliance biz: Analysts
The South Korean tech giant was projected to log a record 18.3 trillion won ($15.4 billion) in sales in the July-September period, up 8.2 per cent from a year earlier, on a consolidated basis, while its operating profit was estimated to jump 16.9 per cent on-year to 1.1 trillion won over the period, according to the data from four local brokerage houses compiled by Yonhap Infomax, reports Yonhap news agency.
Equity indices trade flat; global cues dent sentiments
The broder NSE Nifty50 traded at 17,698.50, down by 12.80 points or 0.072 per cent after opening at 17,718.90 from its previous close of 17,711.30.
US stocks open higher after prior session's rout
Shortly after the opening bell, the Dow Jones Industrial Average climbed 101.18 points, or 0.29 per cent, to 34,401.17. The S&P 500 added 15.13 points, or 0.35 per cent, to 4,367.76. The Nasdaq Composite Index rebound 71.89 points, or 0.49 per cent, to 14,618.57, Xinhua news agency reported.
Appointment of Yasir Al Rumayyan has no connection with the contemplated transaction with Saudi Aramco: RIL
RIL has been and shall continue to adhere to the best practices of Corporate Governance in all matters including appointment of independent directors, the company said in a communication to proxy advisory firms.
SL bans China manufactured 'orgnaic' fertiliser after detection of bacteria again
Director General (DG) of Agriculture, Ajantha De Silva, on Wednesday urged the government to cancel the fertiliser contract with China and insisted that he would never allow organic fertiliser with harmful bacteria to enter the country.
Invesco moves NCLT against Zee for not holding EGM, ZEEL terms move premature
Invesco and OFI Global have moved the NCLT under Section 98 (1) & 100 and has sought its intervention to get ZEEL to call an EGM. Apart from inducting its nominee on the board, Invesco also want shareholders nod at the EGM to remove ZEEL's current CEO and MD, Punit Goenka. Goenka is son of Essel group patriarch, Subhash Chandra, and the family currently owns only 4 per cent stake in the company.
Indian Overseas Bank taken out of RBI's PCA framework
The development comes after the Board for Financial Supervision noted that the bank was not in the breach of the PCA parameters, as per its published results for the year ended March 31, 2021.
Pakistan rupee hits record low on US bill proposing sanctions
After only a day of breather, sellers were back in action, which was also triggered by anxiety regarding the rupee as the KSE-100 shed 908 points on Wednesday to close at 44,366.74, down 2 per cent.
CEOs in India ready for strong recovery along with real sustainable development
82 per cent CEOs in India have confidence in the growth prospects for their company. This number is marginally lower compared to where it stood in March 2021 this year at 92 per cent (Basis the March 2021 Pulse survey) and much higher than 42 per cent last year in (August 2020). Despite this, they are ready to face all kinds of risks and disruptions to recover better.
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