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Escorts also incurred a one-time expense of Rs 72.76 crore due to a loss in the sale of investment in the joint venture Tadano Escorts, it said in an exchange filing.To offset the higher costs, the company increased prices of its tractors in Nov last year. The company, however, said the price hike was undertaken after the peak sales season

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Trent recently entered into a joint venture with MAS Group, Sri Lanka. Over time, Trent and MAS would pool their domain expertise to undertake design, development, and manufacturing of a range of intimate wear and other apparel products, it said

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Powell on Tuesday said interest rates might need to move higher than expected if the U.S. economy remained strong, but reiterated he felt a process of "disinflation" is underway

SBI Chairman Dinesh Khara said the continuing strength in US job data has made monetary policy making into a delicate balancing act for emerging economies and seemed to welcome the slew of announcements on the regulatory front beyond the rate hike

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Uber forecast adjusted EBITDA, a profitability metric that excludes some costs, between $660 million and $700 million for the first quarter, well above the average analyst estimate of $593.06 million, according to Refinitiv data

The capital market regulator introduced corporate governance requirements for listed entities to improve transparency in their functioning and ensure enhanced disclosures to investors

The Times has in the past few years embarked on a bundling push, combining its core news reports with digital content ranging from podcasts to cooking recipes and games in hopes of getting more revenue from readers

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Indian state-owned insurance group and investment company LIC is among a range of domestic companies that will announce earnings on Thursday. >> For more such web stories click on the ET icon below

However, despite the highly uncertain global environment, the Nifty stood its ground and protected the important support of 17,200 regions. Domestic brokerage ICICI securities expect the index to undergo range-bound consolidation in the broader range of 18,000 to 17,200

RBI widens G-sec lending, borrowing net

Updated at : 2023-02-08 19:30:04

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The new norms will essentially allow entities to borrow and lend government securities by paying or receiving a premium. The central bank will soon issue draft directions separately for stakeholder comments. Dealers said the new norms will make more people eligible to take a short position on government securities

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